Kingdom’s bourse gets New York nod

THURSDAY, 30 SEPTEMBER 2010 21:41
LUKE HUNT
THE PHNOMPENHPOST

SENIOR international investment figures have lauded the prospect of Cambodia establishing its own stock exchange but warned authorities to enforce appropriate regulations and not to repeat the previous mistakes of bourses elsewhere.

Speaking at a conference in Malaysia that focused on alternative investments, analysts forecast a tough two years as the world emerged from the global financial crisis, after which economies would still be dominated by a period of low growth and low interest rates that would restrict returns on bonds, cash and traditional equities.

“Some investments in Asia are already a little overpriced but over the long term in Asia you can’t go wrong,” said Georges Ugeux, former executive vice president of the New York Stock Exchange.

“Don’t try and re-invent the wheel … build a structure that’s close to other markets so liquidity comes naturally.”…read the full story in tomorrow’s Phnom Penh Post or see the updated story online from 3PM UTC/GMT +7 hours.