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'Another milestone for SERC as Chair of the ASEAN Capital Markets Forum' – The Phnom Penh Post

| Publication date 29 November 2022 | 08:03 ICT
H.E. Ros Seilava, Secretary of State at the Ministry of Economy and Finance, and Vice Chairman of the Non-Bank Financial Service Authority, sends a message of congratulation on the successful hosting of ACMF 2022.
This year has marked another milestone for the Securities and Exchange Regulator of Cambodia (SERC) as the Chair of the ASEAN Capital Markets Forum (ACMF) 2022.

As the Vice-Chairman of the Non-Bank Financial Service Authority (FSA) of Cambodia, I have witnessed and can acknowledge the efforts of the SERC in its journey as the Chair of the ACMF 2022 to ensure that all members benefit from this high-level forum and the ACMF Action Plan 2021-2025 strategic objectives are met.
As the Chair of ASEAN 2022, Cambodia has been focusing on the theme “ASEAN ACT: Address Challenges Together” to support the implementation of the ASEAN Economic Community Master Plan 2025.

We have placed priority on ensuring ASEAN’s effectiveness in responding to challenges and risks, especially accelerating recovery and promoting sustainable, inclusive and resilient economic growth.
In the same manner, the SERC’s chairmanship of the ACMF has focused on three priority tasks: promoting sustainable development, inclusivity and resiliency, which aligns with the overall theme of ASEAN 2022 and the ACMF Action Plan 2021-2022.
In the journey of mitigating climate change and promoting recovery from the Covid-19 pandemic, funding is needed.
Therefore, the role of the capital market is essential, and I really appreciate the best and collective efforts of the ACMF and commitment of ADB in supporting the mission to achieve the goals of the Paris Agreement to keep the global average temperature rise to as close as possible to 1.5 degrees Celsius above pre-industrial levels.
The launch of the ASEAN Sustainability-Linked Bond Standards, the ASEAN Sustainable and Responsible Fund Standards, ASEAN CIS Digital Repository and the SDG Bond Toolkit Legal Wrappers will narrow the gap of the ASEAN economy in transitioning to a green economy.
Therefore, I would like to call for action and participation of all key stakeholders to join with the ACMF and ADB to promote the ASEAN Capital Markets together for the safety of our planet and the next generations as it is not just anyone person or group’s mission, it is our collective mission.
Once again, Congratulation to the SERC for successfully performing your role as Chair of ACMF 2022 and launching the standards and implementing ACMF’s initiatives in 2022.
You have made Cambodia proud.
Also, our appreciation to the ADB for your consistent support and being ACMF’s reliable dialogue partner over the years.
Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed
US global rating agency Moody’s Investors Service Inc on November 15 announced that it downgraded Cambodia’s outlook from “stable” to “negative” and maintained its B2 local and foreign currency issuer ratings. “The negative outlook reflects a deteriorating external position as illustrated by the severe
Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge
A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many
Cambodia’s Phka Rumduol jasmine variety has been crowned the World’s Best Rice for the fifth time at the TRT (The Rice Trader) World Rice Conference in Phuket, Thailand on November 17, according to leaders of the Kingdom’s apex rice industry body. Phka Rumduol
The Cambodian government and the Ministry of Agriculture, Forestry and Fisheries said they will make the “utmost effort” to seek justice for a Cambodian official arrested in John F Kennedy International Airport in New York for allegedly conspiring to smuggle crab-eating macaque monkeys (Macaca fascicularis)

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Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.