Cambodia's tax revenue rises to $1.25 billion in Q1 2025

Economy and Industry

Cambodia's tax revenue rises to $1.25 billion in Q1 2025 The General Department of Taxation (GDT) reported a robust collection of $1.25 billion in tax revenue during the first quarter of 2025, signaling a strengthening economy post-pandemic. Tax revenue collected between January and March totaled $1.253 billion, achieving 30.88% of the annual budgetary target for 2025, the report stated. According to the findings, the largest contributions came from financial and insurance services, import-export operations, and manufacturing sectors, which remained the primary sources of tax income. Kong Vibol, Director-General of the General Department of Taxation (GDT), highlighted the administration's ongoing efforts to align with the government's strategic fiscal policies and enhance revenue collection. (Source: Khmer Times)

Cambodia's textile and garment exports reach historic $3.5 billion in Q1 2025 Cambodia's textile and garment sector achieved a milestone in the first quarter of 2025, with exports soaring to a record $3.5 billion. Analyzing the robust expansion in major markets, Sun Mesa, spokesman of the Ministry of Labor and Vocational Training (MLVT) noted that shipments to the U.S. rose by 25.7%, while exports to Europe climbed by 20.8%. Japan saw a 19.9% increase, the U.K. recorded a 5.6 percent uptick, and ASEAN markets experienced a 24 percent surge. He credited the export boom to heightened demand from global brands like Adidas and Nike, which rely on Cambodia's dependable manufacturing standards and efficient supply networks. This growth reflects a resurgence in global demand and the industry's recovery from previous economic challenges. (Source: Khmer Times)

Retail loan balances exceed $15 billion in Q1 2025, reflecting consumer confidence Cambodia's retail lending sector demonstrated resilience in Q1 2025, with total outstanding loan balances surpassing $15 billion, a testament to rebounding consumer confidence and economic stability. The total outstanding retail loans showed steady growth alongside a 3.76% increase in active loan accounts, climbing to about 2.12 million by March 2025's end. This upward trend was observed across all loan categories - including personal loans, home financing, and credit cards - and was consistent nationwide in Cambodia. Oeur Sothearoath, Chief Executive Officer of CBC, noted that Q1 saw sustained momentum in retail lending, with heightened borrower activity visible in both loan requests and approvals. (Source: Khmer Times)

Corporate News

Royal Group's PPSP sees Q1 2025 net profit surge to $8.4 million Royal Group Phnom Penh SEZ Plc's (PPSP) reported an impressive net profit of $8.4 million in Q1 2025, marking a substantial year-on-year increase. Financial reports submitted to the Cambodia Securities Exchange (CSX) on Thursday revealed extraordinary growth, with quarterly revenue skyrocketing 512% compared to the same period last year, reaching $24.9 million from a previous $18.7 million. The performance was fueled by higher cargo volumes, improved logistics efficiency, and strategic investments in port infrastructure. Additionally, Cambodia's growing exports of garments, agricultural products, and electronics contributed to throughput growth. PPSP's profitability also reflects reduced operational costs and optimized supply chain management. (Source: Kiri Post)

Stock Market

CSX index slips 0.29% as MJQE and PEPC drag market On 09 May 2025, the CSX Index fell by 0.29%, closing at 405.6 points. On the Main Board, PPAP (+0.42%), PAS (+0.34%), ABC (+0.29%), and GTI (+0.28%) led the gainers, while MJQE (-5.12%), PEPC (-4.78%), and PPSP (-0.47%) posted losses. PWSA and CGSM remained unchanged. On the Growth Board, DBDE and JSL declined by 0.48% and 9.01%, respectively. Total trading volume reached 114,695 shares, with a turnover of KHR 387 million. (Source: YSC Research)

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