Market Update

In Q1 2023, the insurance sector in Cambodia had growth of 5.6% YoY

n the first quarter (Q1) of 2023, the insurance sector in Cambodia recorded total premiums of 93.3 million US dollars, an increase of 5.6% YoY from $88.3 million in 2022. According to the Insurance Regulator of Cambodia (IRC) report, the growth was brought about by 18 general insurers, ...

n the first quarter (Q1) of 20...

June 7, 2023

Market Update

PM: By 2030, Cambodia will have a higher middle-income status

Despite the difficulties faced by the global economy, the conflict between Ukraine and Russia, and the climate change catastrophe, Prime Minister Hun Sen voiced confidence that Cambodia will become a high-middle-income nation by 2030. According to the prime minister, Cambodia ...

Despite the difficulties faced...

June 6, 2023

Market Update

In the first five months of 2023, Cambodia receives 64 investment proposals with a combined capital of more than $540 million

The Council for the Development of Cambodia (CDC) approved 64 investment projects totaling $540.74 million in the first five months of 2023, resulting in the creation of 78,292 employment. This number significantly decreased when compared to the same period in 2022 ...

The Council for the Developmen...

June 5, 2023

Market Update

58 new manufacturing factories opened for the first five months of 2023

This year, 58 new manufacturing factories were registered with the Ministry of Industry, Science, Technology, and Innovation (MIST), bringing the total number of operational manufacturing enterprises in the nation to 1,999. 40 factories were also shut down or temporarily closed during ...

This year, 58 new manufacturin...

June 2, 2023

Market Update

ATMs per 100,000 adults show a positive trend

According to ADB's 'Narrowing the Development Gap: Follow-Up Monitor of the ASEAN Framework for Equitable Economic Development' report, Cambodia's ATM density increased from its levels in 2019 to those in 2020-2021. In Cambodia, there were 29 ATMs per 100,000 adults ...

According to ADB's 'Narrowing ...

June 1, 2023

Market Update

The brand-new Techo International Airport in Phnom Penh is expected to open in early 2025

Construction on the Techo International Airport (TIA), which is currently about 50% complete, is expected to start in the early part of 2025. The construction of the new Phnom Penh International Airport in the provinces of Kandal and Takeo, about 20 kilometers south ...

Construction on the Techo Inte...

May 31, 2023

Market Update

Government bonds will be available to investors on CSX's new platform in the third quarter

According to a senior official from the Cambodia Securities Exchange (CSX), the recently constructed Government Securities Auction Platform (GSAP) would be prepared for government bonds in the primary market in the third quarter of this year. In addition to the National Bank of Cambodia ...

According to a senior official...

May 30, 2023

Market Update

Garment provided USD 3 billion wages with workers' income above global poverty line

On Saturday, May 27, 2023, Prime Minister Hun Sen said that the garment sector in Cambodia alone had paid more than USD 3 billion in wages annually, with an average compensation of USD 200 per month, who can earn about USD 6.6 per day of their income ...

On Saturday, May 27, 2023, Pri...

May 29, 2023

Market Update

ASEAN Trade in Services Agreement is approved by the National Assembly

On May 23, the National Assembly's (NA) ninth commission unanimously endorsed a draft bill for ratification of the ASEAN Trade in Services Agreement (ATISA), which is anticipated to strengthen economic relations between members of the ...

On May 23, the National Assemb...

May 26, 2023

Market Update

In the first quarter of 2023, 1.29 million foreign visitors came to Cambodia

The Ministry of Tourism reported that 1.29 million foreign visitors came to Cambodia in the first quarter of this year, an astounding rise of 709% from 159,546 during the same period in 2022. The top three tourist markets during that time were Thailand, Vietnam, and ...

The Ministry of Tourism report...

May 25, 2023