ID :
27357
Thu, 10/30/2008 - 10:20
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Shortlink :
https://oananews.org//node/27357
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Stock market to open on schedule
Stock market to open on schedule
(KPL) The world’s ongoing financial crisis would not affect the government’s plan to establish its stock market in 2010, said Governor of the Bank of the Lao PDR, Phouphet Khamphounvong, here on Monday.
During an interview to a Japanese broadcasting journalist here on Monday, Mr. Phouphet said that the crisis would not affect financial institutes in the country.
The establishment of the stock market is a joint venture between the Bank of the Lao PDR and the Republic of Korea’s stock market (KRX), with Laos holding 51 per cent of the shares and the rest or 49 per cent under the Korean ownership.
During the early stage of the opening of the stock market the government bonds and the shares of businesses will be sold through an electronic auction.
The government has completed the preparation of the legal framework for the administration of the stock market. Upon its opening, it is likely that there will be at least five companies listed in the market offering their shares to the general public.
As part of Laos’s effort to set up the stock market, it has been working hard to recruit people to run such a financial institution. In this connection, it is getting assistance from its neighbours, Vietnam and Thailand, to train stock market administrators.
(KPL) The world’s ongoing financial crisis would not affect the government’s plan to establish its stock market in 2010, said Governor of the Bank of the Lao PDR, Phouphet Khamphounvong, here on Monday.
During an interview to a Japanese broadcasting journalist here on Monday, Mr. Phouphet said that the crisis would not affect financial institutes in the country.
The establishment of the stock market is a joint venture between the Bank of the Lao PDR and the Republic of Korea’s stock market (KRX), with Laos holding 51 per cent of the shares and the rest or 49 per cent under the Korean ownership.
During the early stage of the opening of the stock market the government bonds and the shares of businesses will be sold through an electronic auction.
The government has completed the preparation of the legal framework for the administration of the stock market. Upon its opening, it is likely that there will be at least five companies listed in the market offering their shares to the general public.
As part of Laos’s effort to set up the stock market, it has been working hard to recruit people to run such a financial institution. In this connection, it is getting assistance from its neighbours, Vietnam and Thailand, to train stock market administrators.
