The Capital Market Institute of Cambodia Prepares to Train Stock Exchange Personnel – Wednesday, 29.4.2009

Posted on 30 April 2009. Filed under: Week 610 |

The Mirror, Vol. 13, No. 610

“The Capital Market Institute of Cambodia prepares to train those who will work in the stock exchange, which is planned to be launched at the end of this year.

“The director of the Capital Market Institute of Cambodia, Dr. Chea Dara, said at the Paññasastra University of Cambodia, where he spoke about the potential and know-how of a stock exchange on Saturday, ‘We are preparing to cooperate with the Paññasastra University of Cambodia to train human resources in Cambodia for the stock exchange in early July.’ He continued to say that the plan for training is to be organized at the Paññasastra University of Cambodia, with expert teachers from the United States of America and from Cambodia, and with many other foreign experts.

“He added that the training can be 2 days, 2 weeks, 6 months, and 1 year. After having received this training, the students can prepare themselves to work in this field and to take tests at the Cambodian Stock Exchange Committee, to earn certificates before they work at the stock market.

“The deputy director of the Cambodian Stock Exchange Committee, Dr. Huot Pum, said by telephone on Monday that the opening of the stock exchange will create a labor market for those who have high knowledge and are graduated with banking and financial degrees to work in this field. He went on to say that it depends on the success of each stock exchange company to which extent they can offer employment.

“He added that the government has no intention to allow too many companies to enter this market, but only about 10 companies will be allowed to enter the market, and those companies have to have professionally qualified staff.

“Regarding the doubt whether this market can be launched at the end of this year or not, Dr. Huot Pum said, ‘According to the plan, we want this market to be launched by the end of this year. The process of organizing this stock market is progressing.’ He also said that recently, the Royal Government has just adopted a decree about related publications and the regulations for trafficking at the public exchange.

“Dr. Huot Pum said, ‘The process of developing this market needs time, and to talk about success: There is no progress unless there is involvement.’” Rasmei Kampuchea, Vol.17, #4879-4880, 28-29.4.2009

Newspapers Appearing on the Newsstand:
Wednesday, 29 April 2009

Cheat Khmer, Vol.1, #63, 29.4.2009

  • Rik Reay Community Residents [in the Tonle Basak commune, Chamkar Mon district] Protest in Front of the Canadia Bank over Land Rights Violations

Deum Ampil, Vol.3, #171, 29.4.2009

  • Cambodia Sets Up a [body temperature] Screening Machine at the [Phnom Penh] Airport to Prevent the Uncontrolled Entry of Travelers Who Have Contracted Swine Flu
  • [Sam Rainsy Party parliamentarian] Ms. Mu Sochua: That I Sue the Prime Minister Is a Test of the Judicial System in Cambodia
  • Vietnam Plans to Establish Schools for Training Human Resources in Cambodia

Kampuchea Thmey, Vol.8, #1930, 29.4.2009

  • Australia Grants Aid [US$3 million] to the National Radio Station to Implement a Local Good Governance Project
  • A Diamond Necklace Worth More Than US$7,000 Was Robbed from a General’s Home [robbers pointed their guns and shot two bullets to scare the general and his wife, and escaped – Phnom Penh]

Khmer Machas Srok, Vol.3, #390, 29.4.2009

  • [President of the Cambodian Free Trade Union of Workers] Chea Mony Claims a Gathering on 1 May 2009 Is Not a Demonstration but a Celebration of the International Labor Day

Koh Santepheap, Vol.42, #6626, 29.4.2009

  • Meeting between Cambodian and Thai Senior Officials of the Ministries of Defense Is to Be Held Today
  • According to a New Tourism Law, Operators Who Do Not Have a License Will Be Fined Riel 20 Million [approx. US$5,000]

Rasmei Kampuchea, Vol.17, #4879-4880, 28-29.4.2009

  • The Capital Market Institute of Cambodia Prepares to Train Stock Exchange Personnel
  • Samdech Dekchor Hun Sen: “If the Cambodian People’s Party Still Wins the Elections, Hun Sen Will Still Be Prime Minister for Life”
  • Prince Alfred [of Liechtenstein] Visits Cambodia for the First Time [and leads a delegation of scholars to help Cambodia evaluate the reality of progress in Cambodia, as well as to experience seeking peace in Cambodia, to be reflected to other countries to understand and change their views toward Cambodia]
  • Cambodian Environmental Official [Mr. Pak Sokharavuth, the deputy director of the Environmental Pollution Control Department and coordinator of the national ozone project of the Ministry of Environment] Gets an Award by the US Environmental Agency [for his strong involvement in protecting the environment of the globe]

Have a look at the last editorial – you can access it directly from the main page of the Mirror.

And please recommend us also to your colleagues and friends.

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2 Responses to “The Capital Market Institute of Cambodia Prepares to Train Stock Exchange Personnel – Wednesday, 29.4.2009”

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Training of the personnel at stock exchanges is very important if one wants to have a robust mechanism operating at any stock exchange and this is the reason that <a href=SEBI is laying so much emphasis on this aspect in India.

It’s very good training is being put into place to make sure the personnel can function effeciently.

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