$385 million in new trusts registered during first nine months

Economy and Industry

$385 million in new trusts registered during first nine months The trust sector in Cambodia is witnessing significant growth, with 458 new trusts registered in the first nine months of 2025, totaling approximately $385 million in assets under management. This surge reflects increasing investor confidence, particularly among foreign investors, and is supported by the banking sector. The growth follows the establishment of the Trust Regulator in 2021 and the promulgation of the Law on Trust in 2019. The sector benefits from enhanced asset management and legal frameworks, particularly for real estate and financial instruments. Director-General Sok Dara highlights the rise in popularity of trusts and anticipates further diversification and stability in Cambodia's financial services landscape. Meanwhile, for the first nine months of 2025, TR licensed four commercial banks to operate securities businesses to provide safekeeping or custody services, licensed three companies to operate securities management companies, and licensed six individual securities managers of securities management companies. (Source: Khmer Times)

World Bank cuts Cambodia's economic growth projection to 4.8% The World Bank has reduced Cambodia's economic growth forecast for 2025 to 4.8%, a drop from the previously estimated 6% for 2024. Aaditya Mattoo, Chief Economist for the East Asia and Pacific Region at the World Bank, indicated that the increase in U.S. tariffs and ongoing border conflicts with Thailand are significant factors affecting the country's growth trajectory. As of August 1, the U.S. has imposed a 19% tariff on all goods imported from Cambodia, which Mattoo noted places Cambodia and Laos amongst the highest tariffed nations in the region. The Chief Economist expressed concerns that the economic climate will become more challenging in the upcoming year due to anticipated weaker demand. Additionally, the tensions at the Cambodia-Thailand border, which have resulted in closures, are causing declines in both remittances and trade activities. Furthermore, the World Bank has also revised its growth forecast for 2026 downward to 4.3%. (Source: Khmer Times)

SERC collaborates with Khmer Artists Association to promote financial literacy and public engagement The Securities and Exchange Regulator of Cambodia (SERC) has signed a Memorandum of Understanding (MoU) with the Khmer Artists Association (KAA) to enhance financial literacy and engagement in Cambodia's securities market. This partnership aims to utilize the creativity of artists to communicate complex financial concepts in relatable ways, addressing the public's unfamiliarity with investing and market regulations. Director General Sou Socheat emphasized the necessity of public confidence for a thriving capital market, advocating for artists to serve as ambassadors for financial understanding. The initiative aligns with SERC's broader goal to promote financial inclusion and investor trust, while also fostering cultural engagement. It coincides with other strategic developments, underscoring a comprehensive approach to nurturing both grassroots and advanced market participation in Cambodia. (Source: Cambodia Investment Review)

Corporate News

Phillip Bank honored for driving digital transformation in Cambodia's banking industry Phillip Bank was awarded the Best Digital Transformation Initiative in Banking 2025 by International Finance, highlighting its dedication to innovative, customer-centric digital solutions amidst Cambodia's evolving financial landscape. The bank has developed most of its digital platforms in-house, facilitating adaptability to the mobile-first market. Major initiatives include a redesigned mobile app, revamped business internet banking, a fully digital bancassurance platform, and a bank-agnostic ATM network. CEO Chan Mach emphasized that the award represents a blend of innovation and empathy in their digital transformation efforts. Phillip Bank's strategy is focused on agility and building trust, aiming to integrate international best practices with local insights to address the needs of individuals and businesses in Cambodia. As part of PhillipCapital Group, the bank operates over 70 branches across the country, providing a comprehensive range of banking and insurance services. (Source: Cambodia Investment Review)

Stock Market

CSX index edges up 0.09% as PWSA and ABC gain On 8 October 2025, the CSX Index rose 0.09% to close at 403.3 points. On the Main Board, PWSA (+0.33%) and ABC (+0.30%) posted gains, while GTI, PPAP, PPSP, PAS, PEPC, MJQE, and CGSM remained unchanged. On the Growth Board, DBDE was unchanged, whereas JSL declined 0.73%. Total trading volume reached 57,723 shares, with a turnover of KHR 373 million. (Source: YSC Research)

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