Cambodia's post to go public for increasing transparency

via CAAI News Media

June 07, 2010

Some 20 local and foreign companies are licenced to do business in postal services, but only half are presently in operation, he said.

Cambodia's postal system presently includes 700 employees working at 80 post offices in 24 cities. Employees working for both the postal system and government ministries will have to choose one employer when the move to a public enterprise takes place, Sarak Khann said.

The Cambodian Securities Exchange is scheduled to launch by the end of the year, and any qualified private firm or public enterprise is eligible to list, Cambodia Securities and Exchange Commission (SECC) director general Ming Bankosal said.

Source: Xinhua