banking and financenews

News in banking and finance

Do you think young Cambodians should invest in the CSX?

Phnom Penh Post - Wed, 2012-05-09 07:34
Son Somaly, 19, year-12 student at Toul Kbel High School in Kompong Thom Province

“I don’t think other young Cambodians should invest in the stock exchange. The system is made for older people with a lot of money and experience with finance. If you’re a young adult still dependent on your parents for money, even from time to time, how can you even think about losing money on the CSX? It’s going to be disappointing and affect your future in a bad way. I think Cambodian youth need to concentrate instead on studying and getting a good university education, and then moving on to get good jobs.” Am Thidapov, 24, Brokerage Department staff at Phnom Penh Securities Plc catched

Cambodian investment firm hires new finance vet

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Phnom Penh Post - Fri, 2012-05-04 04:00
Long-time wealth management specialist Jack Slattery has joined Cambodian Investment Management as head of corporate finance. Slattery, 52, is originally from New York and spent five years working for investment bank Salomon Brothers. In his new role, ... catched

Internet scams to watch out for in online banking

Phnom Penh Post - Wed, 2012-05-02 04:01
Thomas Tusser, a 16th-century British farmer and writer, penned the words: “A fool and his money are soon parted.”

With the rapid innovation in technology, the everyday electronic accessories we access and carry, the ever-increasing number of places we store personal information and the growing sophistication of professional scammers, one doesn’t necessarily have to be a fool to fall foul of fraudsters. catched