US’s Secretary of State Hillary Clinton to Visit Cambodia Soon
Phnom Penh, October 26, 2010 AKP -- US Secretary of State H.E. Mrs. Hillary Rodam Clinton will pay an official visit to Cambodia on Nov.1 at the invitation of Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E. Hor Namhong, according to a statement released Monday by Ministry of Foreign Affairs and International Cooperation.
During her visit in Cambodia, H.E. Mrs. Hillary R. Clinton will receive by His Majesty King Norodom Sihamoni and hold official talks with Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen and H.E. Hor Namhong, the statement said.
H.E. Mrs. Hillary R. Clinton will visit Angkor Wat Temple and some ancient temples in Siem Reap province on Oct. 30-31 prior to an official visit in Phnom Penh Capital City.--AKP
DPM Men Sam An Meets Chinese Delegation
Phnom Penh, October 26, 2010 AKP -- Cambodian Deputy Prime Minister H.E. Mrs. Men Sam An met here yesterday with Chinese Women Delegation led by Mrs. Meng Shaoxi, deputy chief of Chinese Women Federation of Shanxi.
In the meeting, Mrs. Men Sam An warmly welcomed and thanked China's contribution in Cambodia’s development in all domains, particularly in building the office of the Council of Ministers “Friendship Building”, roads, bridges, irrigation networks and other infrastructures.
She also briefed the guests about Cambodian women association's endeavor to protect and preserve the women and children' honor as well as to avoid trafficking and violence.
In reply, Mrs. Meng Shaoxi praised Cambodia for its rapid development and voiced her support for both countries' cooperation, especially for the cooperation between Cambodian Women Association and Chinese Women Federation.--AKP
(By LIM Nary)
Ministry of Information Opens Refresher Course on Photojournalism
Phnom Penh, October 26, 2010 AKP -- The Media Training Center of Information Ministry on 25 October opened a two-day
Photojournalism training course to 32 journalists under the chairmanship of Information Minister H.E. Khieu Kanharith.
The trainees were come from AKP and other information departments from 24 provinces and municipality across Cambodia.
Addressing the opening ceremony, H. E. Khieu Kanharith said that the aim of the training is to provide more knowledge on photojournalism to the journalists so as to help improve their works.--AKP
(By Chan Soratha)
Cambodia to Announce Licensed Firms for Securities
Phnom Penh, October 26, 2010 AKP -- The Securities and Exchange Commission of Cambodia (SECC) is scheduled to announce early next month the companies that get licenses as securities as securities firms and securities representatives for the upcoming Cambodia’s Stock Exchange, according to Chinese News Agency Xinhua.
“We have granted the licenses to the qualified companies for these services already,” Ming Bankosal, director general of SECC, which is the regulator of the upcoming stock market, said on Sunday, declining to disclose how many companies were granted the license.
“The names of the companies, which were granted the licenses for securities firms and securities representatives, will be officially released on November 2 by the Minister of Economy and Finance and SECC’s Chairman Keat Chhon,” he said.
Securities firms provide services such as understanding business, trading business and brokering business, and for securities representatives provide services as investment advisory firm and investment advisory representative.
In March, 22 companies, mostly commercial banks, had been short-listed for the licenses by SECC.
According to SECC’s prakas, edict, on the licensing of securities firms and securities representatives, to operate as securities underwriter, the firm must have minimum capital of 40 billion riel, or 9.46 million U.S. dollars. Securities dealer with the minimum capital of 25 billion riel, or 5.91 million U.S. dollars and broker requires 6 billion riel, or 1.41 million U.S. dollars.
And for an investment advisory firm, it needs a minimum of 400 million riel, or 94,600 U.S. dollars, while an investment advisory representative will be required to lodge a securities bond of 20 million riel, or 4,800 U.S. dollars with the National Bank of Cambodia.
The certain requirements such as human resources and professional experience are also a must for the license, said the prakas.
It’s learned that at least four banks have been granted the licenses. Those are OSK Bank of Malaysia, ACLEDA Bank, Canadia Bank and Tong Yang Securities of South Korea.
The Cambodian Securities Exchange is planned to launch by July next year after it has delayed two times already.--AKP