Cambodia and China finalize $1.1 billion deal for canal project

Economy and Industry

Cambodia and China finalize $1.1 billion deal for canal project Cambodia and China have sealed a $1.156 billion agreement for the Funan Techo Canal (FTC) project, with a 51-49 ownership structure favoring Cambodia. The deal, facilitated by China's National Development and Reform Commission (NDRC), aims to accelerate the canal's construction, ensuring completion by 2028. Cambodian officials, including Deputy Prime Minister Sun Chanthol, met with Chinese counterparts to discuss the project's progress and reaffirm commitments to timely execution. The canal is expected to enhance Cambodia's transport and logistics infrastructure, supporting economic growth and trade efficiency. The agreement aligns with broader cooperation efforts under China's Belt and Road Initiative, reinforcing Cambodia's strategic partnership with China. The NDRC's involvement is seen as a crucial factor in maintaining project momentum, ensuring adherence to deadlines, and fostering investment confidence. (Source: Khmer Times)

Surge in Chinese Visitors to Angkor Park in early 2025 Cambodia's Angkor Archaeological Park has seen a notable increase in Chinese tourists, with arrivals rising by 38% in the first quarter of 2025. This growth is attributed to improved travel conditions and Cambodia's efforts to attract more visitors from China. The Angkor Enterprise report highlights that China remains a key source of international tourists, ranking among the top five countries visiting the UNESCO-listed site. Officials believe that the newly operational Siem Reap Angkor International Airport will further boost tourism, making travel more convenient for Chinese visitors. The Cambodian Ministry of Tourism has expressed optimism about sustaining this upward trend, emphasizing the economic benefits of increased tourism. The government is also leveraging cultural exchange programs, such as the Cambodia-China People-to-People Exchange Year, to strengthen ties and encourage more travel. (Source: Khmer Times)

Cambodia welcomes 24 million tourists during Khmer New Year Cambodia experienced a surge in tourism during the Khmer New Year celebrations, with nearly 24 million visitors recorded across the country. The influx of tourists highlights the growing appeal of Cambodia's cultural festivities, which feature traditional performances, temple visits, and vibrant street celebrations. The Ministry of Tourism has credited the increase to improved travel infrastructure and promotional efforts aimed at attracting both domestic and international visitors. Popular destinations such as Siem Reap, Phnom Penh, and coastal provinces saw heightened activity, with hotels and restaurants reporting strong business performance. The government has been actively working to enhance tourism experiences, ensuring safety and accessibility for travelers. Officials have also emphasized the role of cultural heritage in drawing tourists, positioning Cambodia as a prime destination for experiential travel. (Source: Khmer Times)

Corporate News

Phnom Penh Autonomous Port reports 29% YoY revenue growth in Q1 Phnom Penh Autonomous Port (PPAP) has reported a significant 29% YOY growth to $10.47 million in revenue in the first quarter of 2025, signaling strong performance in Cambodia's logistics sector. The increase in cargo throughput and port operations revenue highlights the port's expanding role in facilitating trade and commerce. PPAP's latest financial report indicates rising demand for shipping services, driven by Cambodia's growing exports and imports. The port has been investing in infrastructure improvements, including cold storage facilities and enhanced logistics capabilities, to accommodate increasing trade volumes. Officials attribute the growth to strategic partnerships and favorable economic conditions that have boosted port activity. (Source: Khmer Times)

Stock Market

Modest gains push CSX index higher to 408.6 points The CSX Index rose 0.28% to close at 408.6 points. On the Main Board, PEPC (+2.33%), PPAP (+0.71%), CGSM (+0.41%), PWSA (+0.32%), and ABC (+0.28%) posted modest gains, while MJQE (-0.47%), GTI (-0.31%), and PAS (-0.17%) edged lower. PPSP closed unchanged. On the Growth Board, DBDE and JSL gained 0.48% and 3.19%, respectively. Total trading volume for the day reached 74,374 shares, with a turnover of KHR 340 million. (Source: YSC Research)

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