Government debt exceeds $12 billion in the first quarter of 2025

Economy and Industry

Government debt exceeds $12 billion in the first quarter of 2025 Cambodia's total public debt reached $12.18 billion at the end of Q1 2025, with 99% being public external debt and 1% being domestic debt. The debt stock comprises USD (48%), SDR (18%), JPY (11%), CNY (10%), EUR (8%), and local and other currencies (5%). In Q1 2025, the Royal Government of Cambodia signed new concessional loans worth $78.81 million with Multilateral DPs, a 44% decrease compared to the same period last year. All loans are highly concessional, carrying an average grant element of around 50%. The government disbursed $175.07 million from existing concessional loans, with 86% going to infrastructure development and 14% supporting other priority sectors. Debt service payments in Q1 2025 totaled $237.84 million, with $210.18 million allocated to public external debt and $27.66 million used to service domestic debt. The government's cautious approach to concessional borrowing and effective debt management ensures the country's public debt remains sustainable and at a low risk of distress. (Source: Khmer Times)

Cambodia and Laos strengthen collaboration in securities sector Cambodia and Laos have agreed to strengthen their cooperation in the securities sector following a third bilateral meeting in Siem Reap province. The meeting, hosted by the Securities and Exchange Regulator of Cambodia (SERC) and the Lao Securities Commission Office (LSCO), aimed to reinforce the implementation of the Memorandum of Understanding (MoU) signed on August 10, 2023. The two countries emphasized the importance of cooperation and mutual learning, as they work to advance their securities markets, address digital technologies, and promote sustainable financial practices. The SERC shared experiences on six topics, including the role of the Co-chair of the Asean Working Committee on Capital Markets Development, Cambodian Securities Market Update, Securities Intermediaries Supervision, Derivatives Market Operations Supervision in Cambodia, Digital Assets Development in Cambodia, and sustainable finance. (Source: Khmer Times)

Angkor generates $24.5 million in revenue from January to May Cambodia's Angkor Archaeological Park has seen a 10.6% increase in ticket sales in the first five months of 2025, according to an official report. The park attracted 527,577 international tourists during the January-May period, up 11.7% compared to the same period last year. In May, the park received 52,767 foreign holidaymakers, generating $2.36 million in revenue. The 401-square-kilometre park, located in northwest Siem Reap province, is home to 91 ancient temples built between the ninth and 13th centuries. The Cambodia-China Tourism Year 2025 is expected to attract more Chinese tourists to Cambodia, particularly to Angkor, driven by enhanced bilateral cooperation, promotional campaigns, and greater accessibility through direct flights and group tour packages. (Source: Khmer Times)

Corporate News

Metfone: Celebrating 16 years of driving sustainable growth in Cambodian football Metfone, the official sponsor of the Cambodian Premier League since 2010, has invested $8 million in the sport over 16 years. The 2024-2025 season was a success, with improvements in professional quality, increased audiences, and the emergence of promising young talents. Metfone's 16-year journey of support has been a strategic partnership with the Football Federation of Cambodia, promoting the league's image and connecting with the fan community. The Cambodian Premier League has made significant progress, with school football developing, grassroots tournaments expanding, and professional clubs investing in youth development. The league has also undergone positive transformation, with Preah Khan Reach Svay Rieng FC achieving runner-up finishes at the 2024-2025 AFC Challenge League. Metfone's financial stability helps the league maintain its appeal and align with regional and international benchmarks. In 2025, Metfone marks its 16th anniversary, symbolizing sustainability, unity, and shared development. (Source: Phnom Penh Post)

Stock Market

CSX index rises 0.04%; turnover reaches KHR 369M On 02 June 2025, the CSX Index rose by 0.04%, closing at 408.2 points. On the Main Board, MJQE (+0.50%), PPSP (+0.47%), CGSM (+0.47%), and PPAP (+0.15%) were the only gainers, while GTI (-3.24%), PEPC (-0.37%), and ABC (-0.29%) posted losses. PWSA and PAS remained unchanged. On the Growth Board, DBDE declined by 0.46%, while JSL rose by 3.27%. Total trading volume reached 68,642 shares, with a turnover of KHR 369 million. (Source: YSC Research)

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Main Board

Growth Board