Cambodian firms raise $549 million through securities market

Economy and Industry

Cambodian firms raise $549 million through securities market Cambodian companies have successfully mobilized $549 million from the securities market, showcasing the growing confidence in the country's financial sector. This achievement highlights the increasing participation of local firms in capital markets, which is a positive indicator of economic growth and stability. The Cambodia Securities Exchange (CSX) has set ambitious targets for 2025, aiming to double its daily trading value to approximately $300,000, register 15,000 additional trading accounts, and boost the number of listed companies by at least six. Hean Sahib, Secretary of State at the Ministry of Economy and Finance and Chairman of the Cambodia Securities Exchange, emphasized the country's ongoing progress. (Source: Khmer Times)

Government implements sub-decree to simplify trade processes The Cambodian government has enacted a new sub-decree aimed at streamlining trade procedures, making it easier for businesses to operate and engage in international trade. As stated in a press release from the Prime Minister's Office, the National Single Window (NSW) sub-decree consists of seven chapters and 19 articles. It focuses on the governance and operations of the NSW system, aiming to enhance trade efficiency and facilitation under the guidance of the NSW Project Steering Committee. The sub-decree governs the processes for applying for and issuing licenses, permits, certificates, and other authorizations related to exporting, importing, or transiting goods in four primary categories within the Kingdom. This initiative is part of the broader effort to enhance the country's competitiveness in the global market. (Source: Khmer Times)

Cambodia's insurance sector records $357 million in premiums Cambodia's insurance market has experienced significant growth, with total premiums reaching $357 million. This surge reflects the increasing awareness and adoption of insurance products among Cambodians. The growing importance of the insurance sector is reflected in the compensation disbursed in 2024, with insurance providers paying out a total of $115.4 million. Life and health-related claims accounted for $85.4 million of this amount. General insurance payouts totaled $30 million, which included $21.4 million for property and health-related cases, $5.1 million for motor insurance, and $3.5 million spread across various other categories. The expanding insurance sector is a testament to the country's economic development and the rising demand for financial security among its population. (Source: Khmer Times)

Corporate News

Leading conglomerates collaborate on $300 million hospital project in Phnom Penh Cambodia's top conglomerates have joined forces to develop a world-class hospital in Phnom Penh, with an investment of $300 million. The initiative involves several prominent Cambodian entities contributing varying stakes: Royal Group, led by Neak Oknha Kith Meng, holds 23%, along with Chip Mong Group, represented by Lok Neak Oknha Leang Khun and Neak Oknha Leang Meng, and Peng Huoth Group, led by Neak Oknha Thay Chea Huoth and Oknha Hieng Bunpeng, each holding 23%. Scheduled to commence construction in 2026, the facility will deliver a broad spectrum of medical services, including general medicine, surgery, cardiology, oncology, women's health, pediatrics, and orthopedics. This ambitious project aims to provide state-of-the-art healthcare facilities and services, addressing the growing demand for quality medical care in the country. (Source: Cambodia Investment Review)

Stock Market

CSX index gains 0.61%, led by GTI's rally The CSX Index rose by 0.61% to close at 409.5 points. On the Main Board, GTI (+9.85%) led the gainers, followed by PPSP (+0.95%), PWSA (+0.63%), PAS (+0.51%), MJQE (+0.47%), CGSM (+0.41%), and PPAP (+0.14%), all posting modest gains. PEPC (-0.38%) was the only decliner. On the Growth Board, DBDE remained flat, while JSL inched up by 0.32%. Total trading volume for the day reached 96,428 shares, with a turnover of KHR 562 million. (Source: YSC Research)

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