PHNOM PENH, May 27 (Xinhua) -- A group of Malaysian investors on Friday observed investment opportunity in Cambodia, especially in the financial industry.
The group consisted of more than 10 investors of Malaysian firms in the fields of banking and finance and manufacturing industries.
They were led by Henry Ong, the chairman of the Young Chinese Entrepreneurs of the Malaysian Chamber of Commerce.
“This is the first time we come to explore business opportunity in Cambodia,” Henry Ong, said on Friday during a meeting with Cambodia’s commerce officials. “Our main impression here is the Cambodia’s plan to launch the stock market in July this year.”
“We have observed that the country has potentials in financial sector and the sector has a lot of room to grow,” said Peter Soon, head of Futures and Options at ECM Libra Investment Bank. “We have expertise in this sector for long time and we want to provide advisory services for this new industry in Cambodia.”
Pan Sorasak, a secretary of state for the commerce ministry, said the group’s visit was on the right as the country is full of political stability and macro-economic stability. Moreover, the country’s investment law provides investors with many preferences and incentives.
“The upcoming stock market will be a new choice for capital mobilization for business development in Cambodia,” he said. “It’s a wise thought that investors put their investments in the bourse at the beginning.”
Earlier in the day, the Malaysian delegation also met with officials at the Security and Exchange Commission of Cambodia.
Cambodian Securities Exchange is set to launch by July this year ‘at any cost’ after twice delays.
Malaysia is the third largest investor in Cambodia. The first two largest investors are China and South Korea respectively. (Nguon Sovan)
No comments:
Post a Comment