Techo International Airport set to welcome more carriers

Economy and Industry

Techo International Airport set to welcome more carriers Cambodia's newest and largest airport, Techo International Airport (KTI), is set to expand its airline offerings in October with the addition of two major carriers: Turkish Airlines and Etihad Airways. Etihad Airways, in particular, has announced plans to commence direct flights from Abu Dhabi, United Arab Emirates, to KTI on October 3, 2025. This development was discussed in a meeting between Etihad's Regional Managing Director (Asia and Australia), Charles Tan, and Cambodia's Minister of Tourism, Huot Hak. Minister Hak welcomed Etihad's investment, recognizing Cambodia's tourism potential and expressing confidence that the new direct route will enhance international connectivity and stimulate tourist arrivals. The arrival of these new airlines is considered a positive indicator for KTI's projected growth, which aims to accommodate 13 million passengers annually during its initial phase. (Source: Khmer Times)

Domestic demand surges as rubber exports keep falling In the first eight months of 2025, Cambodia's rubber exports decreased by over 10% to approximately 180,000 tonnes, attributed to a significant increase in domestic demand from tyre manufacturers. Despite the lower export volume, revenue remained stable at around $328 million due to a 14% rise in the average international rubber price to $1,786 per tonne. Cambodia also exported 12,712 cubic metres of rubberwood, generating $2.93 million. Total domestic rubber output increased by 2.24% to 218,118 tonnes, with local usage surging by 89% to 75,523 tonnes. As of August 2025, Cambodia had 425,443 hectares of rubber plantations, with 78% being tapped. (Source: The Phnom Penh Post)

Serey highlights US tariff as catalyst for Cambodia's competitiveness push Chea Serey, Governor of the National Bank of Cambodia, views the US tariff on Cambodian goods as an impetus for accelerating reforms. While acknowledging the 19% tariff's impact, she noted its leveling effect with competitors and highlighted Cambodia's resilience to immediate financial outflow due to its reliance on foreign direct investment. Serey emphasized the nation's ongoing trade diversification, moving beyond garments and footwear to value-added products and increasing trade with Asia. Reforms aimed at enhancing competitiveness include reducing logistics costs and addressing high energy prices, with a goal to increase renewable energy supply to 80% by 2035. Regarding debt, she stated Cambodia's public debt is capped at 30% of GDP, with Chinese financing comprising about 50%, and repayment capacity is within affordable limits. Serey also addressed Cambodia's high dollarization, which aids investment but limits monetary policy independence, advocating for increased use of the local currency to build resilience and sustain growth, alongside competitive domestic structures. (Source: Khmer Times)

Corporate News

Dat Pham named new Managing Director of HEINEKEN Cambodia  HEINEKEN Cambodia has appointed Dat Pham as its new Managing Director, effective September 1, 2025. Pham, who previously served as Finance Director for HEINEKEN Cambodia from 2019 to 2022, succeeds Andy Hewson and will report to Uday Sinha, HEINEKEN's Regional Managing Director for APAC. Pham brings over a decade of experience within the HEINEKEN Group, including his recent role as Managing Director of HEINEKEN Laos, where he achieved significant growth and market share expansion. His priorities in Cambodia include accelerating growth by focusing on consumer delight with HEINEKEN's premium brands, strengthening partnerships, contributing to Cambodia's development, and nurturing local talent. (Source: The Phnom Penh Post)

Stock Market

CSX index dips 0.25% amid mixed stock performance On 15 September 2025, the CSX Index fell 0.25% to close at 403.8 points. On the Main Board, GTI (+0.57%) posted gains, while CGSM (-0.41%) and ABC (-0.29%) recorded losses. PWSA, PPAP, PPSP, PAS, PEPC, and MJQE all closed unchanged. On the Growth Board, DBDE and JSL rose 1.49% and 0.36%, respectively. Total trading volume reached 46,896 shares, with a turnover of KHR 222 million. (Source: YSC Research)

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