Stock exchange goes broke
January 12, 2009
VIA Xinhua: Following on last week’s failure of the VIP Bank — Cambodia Daily news that didn’t make the Internet — The Phnom Penh Post today reports that reality has weighed in on the Kingdom’s plans for a stock exchange.
Cambodia’s much-touted stock exchange market has been delayed indefinitely due to the worsening global economic slowdown, said English-language daily newspaper the Phnom Penh Post on Monday.
Its launch was originally scheduled for September, with the South Korean Exchange providing funds and technical support.
What Korea giveth, it also taketh away.
