Insurance policy uptake surges over 130% YoY in May 2025

Economy and Industry

Insurance policy uptake surges over 130% YoY in May 2025 Cambodia's insurance industry has seen a significant increase in May 2025, with an increase of 130.97% from 94,818 in May 2024 to 218,998 in May 2025, indicating strong growth of no. of insurance policies. The life insurance sector saw a 103.64% YoY increase, while the general insurance sector saw a 231% YoY increase. The gross claim incurred in the insurance sector increased by 5.03% YoY, while the general insurance sector saw a 44.73% YoY increase. The sum insured in the general insurance sector grew by 45.89% YoY, while the life insurance sector saw a 15.05% YoY increase. The property segment constituted the major chunk of the general insurance sector, followed by auto, health, transportation, engineering, personal accident, and others. The insurance industry reported a gross premium of $356.4 million in 2024, an increase of 3.5% from the previous year. The insurance sector plays a vital role in supporting the social security system and contributing to national economic development. The Kingdom's insurance penetration stood at 1.16% of the gross domestic product in 2023, with the insurance density at $21 per person. (Source: Khmer Times)

Top Philippine energy company plans expansion into Cambodian market Cambodia's energy sector is expanding, attracting interest from global players like Citicore Renewable Energy Corporation (CREC) and Indonesia's PT Pertamina. CREC, a leading renewable energy developer, is pursuing major expansion across Southeast Asia. Cambodia's renewable energy policy targets 70% renewable electricity by 2030, aiming to shift from coal and boost solar and wind capacity. The government is also promoting energy efficiency, grid modernization, and biomass use, especially in rural areas. The UAE-Cambodia Comprehensive Economic Partnership Agreement highlights energy cooperation, and experts like Suresh Babu expect Middle Eastern investors to follow. A strong energy sector is key to growth, and global investment is essential for developing the needed expertise. (Source: Khmer Times)

Private sector advocates for tax and import reforms in July 2025 meeting with Group-D officials The Private Sector Working Group-D (PSWG-D) meeting in July focused on key taxation and trade issues to boost investor confidence and address regulatory inefficiencies. The agenda included two opening issues, two new challenges, one follow-up item, and two resolved cases. The Technical Working Group on Tax (TWG) shared updates on procedural reforms, reflecting efforts by Cambodian authorities to reduce ambiguity in tax policy and streamline business operations. New concerns included undefined timelines for approving OCLs and Certificates of Origin, and unclear procedures for claiming relief under Cambodia's Double Taxation Agreements. The private sector also raised issues like import duties on luxury boats, year-end billing deadlines, and interest rates on loans between related parties. The TWG issued two compliance updates: a new instruction on tax obligations during business and share transfers, and a Standard Operating Procedure for taxpayer classification transfers under the Self-Declaration Regime. (Source: Cambodia Investment Review)

Corporate News

Thai Airways reduces flight services due to short-term drop in demand Thai Airways has temporarily reduced its daily flights between Cambodia and Thailand due to a decline in passenger volume. This move is seen as an opportunity for Cambodian airlines to strengthen their market position on key international routes. The short-term drop in passenger demand has impacted the airline's scheduling but presents a timely opportunity for Cambodian airlines to reinforce their presence and potentially recapture market share in the Bangkok-bound market, particularly from Phnom Penh and Siem Reap. Despite the adjustment, overall commercial flight operations between Phnom Penh and Bangkok, as well as Siem Reap and Bangkok, remain stable with no major disruptions to regular air traffic. The recent tightening of the Cambodia-Thailand border has had a significant effect on both Thai and international tourist arrivals. Cambodia relies heavily on neighboring countries like Thailand and Vietnam, which serve as regional travel hubs capable of attracting large numbers of international tourists. (Source: Khmer Times)

Stock Market

CSX inches up as select main board stocks gain On 29 July 2025, the CSX Index edged up by 0.07% to close at 404.6 points. On the Main Board, PPSP (+1.43%), PEPC (+1.13%), and PWSA (+0.65%) posted gains, while PPAP (-0.15%) recorded a loss. GTI, PAS, ABC, MJQE, and CGSM remained unchanged. On the Growth Board, DBDE was unchanged, while JSL rose by 0.72%. Total trading volume reached 48,995 shares, with a turnover of KHR 256 million. (Source: YSC Research)

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