Research

Our research reports provide comprehensive, up-to-date
information and analysis on the Cambodian economy in regional
and global context, selected industries, and the equity market in Cambodia.

Industry Report

Research Paper: Non-Performing Loans and Commercial Bank Profitability: Evidence from Cambodia

This study looks at the macroeconomic and bank-specific factors that affect non-performing loans and how they affect Cambodian banks' profitability. The study uses panel data with a sample of 35 commercial banks in Cambodia from 2017 to 2022 given an observation of 210.

This study looks at the macroe...

September 4, 2023

Market Update

By 2025, ASEAN's digital economy will reach $330 billion

ASEAN's digital economy is projected to reach $330 billion by 2025, with foreign direct investments (FDI) increasing significantly since 2010. The ASEAN-Business Advisory Council (ASEAN-BAC) has collaborated with central banks to develop ...

ASEAN's digital economy is pro...

September 4, 2023

Market Update

$228.5 million was made from Cambodian rubber exports

Cambodia's rubber exports in the first seven months of 2023 were $228.5 million, down 12.8 percent from the previous year's $262.2 million. The country exported 170,968 tons of dry rubber, a 3% increase from 2022. Experts attribute the dip ...

Cambodia's rubber exports in t...

September 1, 2023

Market Update

The government reserves $100 million to boost the agricultural industry

Cambodia has allocated $100 million to improve the irrigation system and train farmers in the agricultural industry to increase crop productivity and address potential threats. Prime Minister Hun Manet stated that the budget aims to increase productivity ...

Cambodia has allocated $100 mi...

August 31, 2023

Equity Report

PPAP's 1Q23 review: Revenue and profit plunge on trade decline

In 1Q23, the port operator faced significant challenges as total container throughputs dropped by 24.7% YoY to 77,341 TEUs. Container shipments (in tons) decreased by 15% compared to the previous quarter and 6% compared ...

In 1Q23, the port operator fac...

August 30, 2023

Market Update

NBC will take action in the foreign exchange market

The National Bank of Cambodia (NBC) plans to intervene in the currency market due to slower demand for riel and the US dollar's appreciation in the international foreign exchange market. The NBC cites the harvest season and low agricultural and tourism sectors ...

The National Bank of Cambodia ...

August 30, 2023

Market Update

CSX considers roadshows abroad for listed companies

Cambodia Securities Exchange (CSX) plans to organize events in other countries for locally listed firms to promote their stocks to potential investors. The plan, executed from the fourth quarter of this year, aims to increase both short- and long-term investments ...

Cambodia Securities Exchange (...

August 29, 2023

Market Update

CDC authorizes $430 million worth of investment projects

The Cambodian Investment Board (CIB) has approved 13 investment projects worth nearly $430 million to build factories for various goods, recruiting over 18,300 employees. The projects include Conch Cement's $258 million cement factory, Khou Tower's $84.5 million ...

The Cambodian Investment Board...

August 28, 2023

Market Update

GDT receives $46 million in revenue from e-commerce VAT

he General Department of Taxation (GDT) in Cambodia has generated $46 million in e-commerce value-added tax (VAT) income in the first seven months of 2023. This is slightly higher than the $44 million collected from April to December last year. The GDT ...

he General Department of Taxat...

August 25, 2023

Market Update

CMA to increase MSME loans under new administration

The Cambodia Microfinance Association (CMA) is collaborating with the Royal Government of Cambodia to support Micro, Small and Medium Enterprises (MSMEs) in achieving higher economic growth. The association represents over 100 institutions ...

The Cambodia Microfinance Asso...

August 24, 2023