Economy & Industry

Analysts say US withdrawal from TPP saves Cambodia

US President Donald Trump’s executive order pulling the US out of the Trans-Pacific Partnership (TPP) will save Cambodia from losing competitiveness in the garment industry, analysts said yesterday...

25th January 2017

Economy & Industry

MEF says service sector may slowdown in 2017

Modest growth in tourism and a slowdown in the logistics and real estate sectors could cumulatively have a knock-on effect that threatens the overall growth of the country’s service sector in 2017, a report from the Ministry of Economy and Finance (MEF) said yesterday...

24th January 2017

Economy & Industry

FDI surges 25% YoY in 2016

According to a report released on Friday by the National Bank of Cambodia (NBC), foreign direct investment (FDI) into Cambodia in 2016 surged 25% YoY to $2.15bn, of which some $539mn (+5% YoY) went to the banking sector...

23rd January 2017

Market Update

CSX index retreats on water supplier loss

Today, the CSX index fell 1.77% from the previous close to 365.4 pts, as PPWSA shares lost 4.19%. While PPAP and PPSP shares remained unchanged, GTI shares rose 0.39%. This morning, 15,576 shares changed hands...

20th January 2017

Economy & Industry

SECC to stop issuing derivatives licenses

The Securities and Exchange Commission of Cambodia (SECC) will stop issuing any new licenses for central counterparty for derivatives trading after issuing four licenses so far, saying it is optimal for a small market like Cambodia...

20th January 2017

Coporate News

Golden FX appoints ASKAP as second broker

Golden FX Link (Cambodia)—the first financial firm licensed by Cambodia Securities and Exchange Commission of Cambodia (SECC) as a central counterparty for derivative trading—officially appointed ASKAP Asset Management as their second broker yesterday...

19th January 2017

Market Update

CSX index advances another 0.22% as GTI gains

Today, the CSX index advanced another 0.22%, closing up for a third day straight to 372.2 pts, as GTI shares rallied 4.47%. While PPAP and PPSP shares remained unchanged, PPWSA shares dropped 1.87%. This morning, only 7,277 shares changed hands...

18th January 2017

Economy & Industry

Cambodian mangoes on direct path to top Asian markets

Sweet and juicy mangoes grown in Cambodia have been looking for a more direct path to top Asian markets including China, South Korea, and Japan, as until now mangoes have been exported through Thai and Vietnamese brokers...

17th January 2017

Economy & Industry

Tax revenue grows 15% last year

Tax collection revenue grew by 15% YoY to $1.49bn in 2016, according to newly released data from the General Department of Taxation (GDT). Anthony Galliano, CEO of Cambodian Investment Management, said that progressive changes to Cambodia’s tax system...

16th January 2017

Economy & Industry

NBC: Robust growth in 2016 to continue in 2017

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting robust growth for both the economy and banking sector for 2016. It expects this to carry forward to 2017...

13th January 2017