Cambodia delays stock market debut to next July

July 21, 2010

By ASSOCIATED PRESS

PHNOM PENH, Cambodia -- Cambodia has delayed the opening of its proposed stock market for a second time, pushing the date back to July next year.

A statement from the Finance Ministry obtained today by The Associated Press said the delay of the opening was due to technical issues and the economic crisis.

After receiving the approval from Prime Minister Hun Sen, the Cambodia stock exchange is expected to kick off in July 2011, the statement said.

Last December, officials said Cambodia's stock market would open by the end of this year.