Thursday, January 13, 2011

Form on Disclosure Document for Issuer

Today, Securities and Exchange Commission of Cambodia published the "Form on Disclosure Document for Public Issuance of Equity Securities (Public Offering). 


This form is to set the minimum disclosure for the company who willing to make public offering in Cambodia in the near future. 


The content of this form specified the information related to public offering, details of public offering which specify the information related to the issuer, related companies and use of proceeds by the issuer after issue. The risk factors that might affect on the share price. Issuer's information which describe Business description,  operational plan and financial position and information related to its assets. it also require the issuer to disclose Information of related to its directors, senior officers and Shareholders and the relationship and transaction(s) with related parties.    



The most important information is the issuer's financial Information which show off the future earning of issuer that can affect the price of its shares. 

To get the form in khmer and English 

Wednesday, January 12, 2011

Law and Regulation in Securities Sector

Until now, Securities and Exchange Commission has announced many regulations for the preparation of Securities Trading in Cambodia.

Laws

- Preah Reach Kret on the appointment of the civil servants of Securities and Exchange Commission of Cambodia download

- Law on the issuance and trading of non-government securities download

- Law on Government Securities download

Anukrets

- Anukret on the conduct and organization of the Securities and Exchange Commission of Cambodia download

 Anukret on the appointment of the composition of the Securities and Exchange Commission of Cambodia download

 Anukret on the appointment of the civil servants Securities and Exchange Commission of Cambodia download

 Anukret on the implementation of the law on issuance and trading of non-government securities download


Prakas

 PRAKAS on the Registration of Securities Registrar,Securities Transfer Agent, and Paying Agent download

 Prakas on the accreditation to the cash settlement agent download

 Prakas on technical working group for studying on tax incentive policy to develop securities sector in Cambodia download

 Prakas on accreditation of professional accounting firm providing professional services in the securities sector download

 Prakas on the prime principle of the operating rules of a securities market, a clearance and settlement facility, and a securities depository download

 Prakas on licensing of securities firms and securities representatives download

 Prakas on the grant of approval to the operator of a securities market, the operator of a clearance and settlement facility and the operator of a securities depository download

Orders and Guidelines

 Promulgation on the establishment of the subcommittee on the corporate governance development under download

Laws and Regulation Related
- Other Rules Regulation download

Financial Sector Development Strategy 2006-2015

Many people in Cambodia are interested in Licensing to Securities Firms and Investment Advisory Firms on 02 November 2010

The market now look forward to the opening of Cambodia Securities Exchange after the licensing of Securities Firms and Investment Advisory Firms on 02 November 2010. In reminding that, with the great ceremony of granting licenses to securities firm and investment advisory firms clearly reflects the strong willingness of Royal Government of Cambodia in putting the securities market into operations.

Based on the prospects of “Financial Sector Development Strategy 2006-2015” and “Rectangular Strategy, phase II”, Securities and Exchange Commission of Cambodia have actively been prepared necessary regulation for not only putting the securities market in Cambodia successfully into operations, but also ensuring in the future the transparent, efficient and fair function of the securities market, as well as protecting the investor interests. In the meantime, the Securities and Exchange Commission of Cambodia is seriously checking and evaluating the applications for accreditations as Cash Settlement Agent in the Securities Sector, for registration of Securities Registrar, Securities Transfer Agent and Paying Agent, as well as for accreditation of professional accounting firms and independent auditors providing services in the securities sector. When obtaining the approvals from the Securities and Exchange Commission of Cambodia, these companies will have the key roles to complete the securities market infrastructure and putting market in smooth and efficient operations.

H.E. MING Bankosal, Director General of the Securities and Exchange Commission of Cambodia, indicated that the processes in granting licenses to the securities firms and investment advisory firms have thoroughly been conducted with different stages to choose the qualified companies, which meet the requirements in the Law on Issuance and Trading Non-Government Securities, Anukret, and relevant regulation, especially the evaluation on applications and attached documents on human resources, financial resources, experiences, reputation, readiness of the applicants, and the onsite-evaluation.

Along with the forecasting on the size of market capitalization, issuing amount and daily trading volume in the early stage, the number of securities firm licenses has been limited to seven firms, licensed from the SECC as the “Underwriter”, including:

1. Tong Yang Securities (Cambodia) Plc;
2. OSK Indochina Securities Ltd;
3. CANA Securities Limited;
4. CAMPUBANK Securities Plc;
5. Cambodia-Vietnam Securities Plc;
6. SBI Phnom Penh Securities Ltd; and
7. Phnom Penh Securities Firm Plc.

Two firms are licensed as “Dealer”, including:
1. Sacombank Securities (Cambodia) Plc;
2. Golden Fortune (Cambodia) Securities Plc;


Four firms are licensed “Broker”, including:
1. ACLEDA Securities Plc;
2. Cambodia Capital Securities;
3. SONATRA Securities Plc; and
4. CAB Securities Ltd.

Two firms are licensed as “Investment Adviser”, including:
1. Angkor VDS Securities Plc; and
2. Angkor Capital Advisor.

The underwriter will play important roles to provide advices or other services to companies who wish to make a public offering, also these potential issuing companies can meet to discuss these works with the underwriters who are licensed.

Tuesday, January 11, 2011

Laos to open Securities Exchange today (11/11/2011)

Lao is to open a stock market on Tuesday 11/11/2011 since it planed several years with two listed stocks and bold plans for expansion. This stock market is to gather wide range of capital to the large entities who needed more money and also to boost Lao's economy. The Lao Securities Exchange is a join venture of South Korea with 49% for $9.8 million and the bank of laos, the country's central bank with 51% for $10.2 million. The Lao Securities Exchange is located in the capital of Vientiane. Trading will open with shares in EDL-Generation, which is controlled by the state-owned power company Electricite du Laos, and Banque Pour Le Commerce Exterieur Lao, a state-owned bank.
Read more:



Wednesday, January 5, 2011

Angkor Wat

Place of interest in Cambodia

Angkor Wat is located in Siem Riep Province in Cambodia. Angkor Wat temple is one of the world heritages in the world that people recognize as the most wonder temples which use stone to build. There are a lot of temples with different function in Angkor Kingdom.






Kbal Spien Resort is located about 20 kms from Siem Reip City. In this resort, the stone was carved to make many picture of Hindu Ligion.

Tuesday, December 28, 2010

ACCA training start new term

ACCA training start new term on 15 January 2011 at CamEd Business School, Cambodia.



40 Tips for a Better Life in 2011



1. Take a 10-30 minute walk every day. And while you walk, smile. It is the ultimate anti-depressant.

2. Sit in silence for at least 10 minutes each day.

3. Buy a DVR and tape your late night shows and get more sleep. 


4. When you wake up in the morning complete the following statement, 'My purpose is to __________ today..'

5. Live with the 3 E's -- Energy, Enthusiasm, and Empathy.


6. Play more games and read more books than you did in 2010. 
 

 7. Make time to practice meditation, and prayer. They provide us with daily fuel for our busy lives.


8. Spend time with people over the age of 80 and under the age of 6.  

9. Dream more while you are awake.


10. Eat more foods that grow on trees and plants and eat less food that

is manufactured in plants.



11. Drink green tea and plenty of water. Eat blueberries, wild Alaskan

salmon, broccoli, almonds & walnuts.



12. Try to make at least five people smile each day - including yourself!



13. Clear clutter from your house, your car, your desk and let new and

flowing energy into your life.



14. Don't waste your precious energy on gossip, OR issues of the past,

negative thoughts or things you cannot control. Instead invest your

energy in the positive present moment.



15. Realize that life is a school and you are here to learn. Problems

are simply part of the curriculum that appear and fade away like algebra

class but the lessons you learn will last a lifetime.



16. Eat breakfast like a king, lunch like a prince and dinner like a

college kid with a maxed out charge card.



17. Smile and laugh more. It will keep the NEGATIVE BLUES away.



18. Life isn't fair, but it's still good.



19. Life is too short to waste time hating anyone.



20. Don't take yourself so seriously. No one else does.



21. You don't have to win every argument. Agree to disagree.



22. Make peace with your past so it won't spoil the present.



23. Don't compare your life to others'. You have no idea what their

journey is all about.



24. No one is in charge of your happiness except you.



25. Frame every so-called disaster with these words: 'In five years,

will this matter?'



26. Forgive everyone for everything - including yourself.



27. What other people think of you is none of your business.



28. REMEMBER GOD heals everything.



29. However good or bad a situation is, it will change.



30. Your job won't take care of you when you are sick. Your friends

will. Stay in touch..



31. Get rid of anything that isn't useful, beautiful or joyful.



32.. Envy is a waste of time. You already have all you need.



33. The best is yet to come.



34. No matter how you feel, get up, dress up and show up.



35. Do the right thing!



36. Call your family often. (Or email them to death!!!)



37. Each night before you go to bed complete the following statements: I

am thankful for __________. Today I accomplished _________.



38. Remember that you are too blessed to be stressed.



39. Enjoy the ride. Remember this is not Disney World and you certainly

don't want a fast pass. You only have one ride through life so make the

most of it and enjoy the ride.



40. Please Forward this to everyone you care about. I just did. May

your troubles be less, May your blessings be more, May nothing but

happiness come through your door!
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