Govt expenditure expected to reach over $10B in 2026

Economy and Industry

Govt expenditure expected to reach over $10B in 2026 Cambodia's Cabinet has approved the draft 'Law on Finance for Management 2026', setting government spending at over $10 billion for the coming fiscal year. The draft law emphasizes enhancing national sovereignty and territorial integrity, ensuring the sustainable operation of state institutions, and supporting the Royal Government's key policy priorities and reform measures. The '2026 finance plan' will continue to underpin the implementation of the Pentagonal Strategy Phase I, which outlines six priority policy programs, five key measures, and five strategic priorities. Total state expenditure is projected at 40,913 billion riels, equivalent to just over $10 billion, representing 18.85% of GDP. Economic projections for the Kingdom remain broadly positive, with the Cambodian economy expected to grow by around 5.2% in 2025 and 5% in 2026. The average annual inflation rate for 2026 is projected to remain stable at around 2.8%. The budget framework reflects Cambodia's ongoing efforts to consolidate macroeconomic stability, promote sustainable development, and enhance public sector efficiency in line with the nation's long-term vision for inclusive growth. (Source: Khmer Times)

All tariffs on U.S. industrial and agricultural exports to Cambodia to be abolished The US and Cambodia have signed a trade deal, eliminating tariffs on US goods and ensuring fair treatment of exports. The US will maintain a 19% reciprocal tariff rate for imports of Cambodia, except for certain products from Annex III to Executive Order 14346. Cambodia has committed to addressing non-tariff barriers for US industrial exports, including streamlining import licensing and regulatory requirements, accepting US manufactured vehicles built to US standards, and accepting US Food and Drug Administration certificates and prior marketing authorizations for medical devices and pharmaceuticals. It has also committed to removing barriers for digital trade, services, and investment, supporting a permanent moratorium on customs duties at the World Trade Organization, ensuring data transfer across trusted borders, and refraining from imposing digital services taxes or other discriminatory measures. (Source: Khmer Times)

Cambodia demonstrates commitment to sustainable finance at Tokyo forum The 44th ASEAN+3 Bond Market Forum, co-organised by the Asian Development Bank (ADB) and the ADB Institute, aimed to monitor bond market development across ASEAN+3 amid growing trends in sustainable finance and digitalisation. Delegate of the Royal Government and Director General of the Securities and Exchange Regulator of Cambodia (SERC), Socheat, shared Cambodia's vision for sustainable finance at the forum. He presented the SERC's Sustainable Finance Initiatives, emphasizing Cambodia's long-term strategy to integrate sustainability into its securities market. The Securities Sector Development Strategy 2025-2035, a "living strategy" that will be reviewed and updated every five years, aims to mobilize capital for a greener, more resilient future that advances Cambodia's progress and regional sustainability. As of March 2025, two companies, Royal Group Phnom Penh SEZ and SchneiTec Group, have issued green and sustainability bonds on the Cambodia Securities Exchange. (Source: Khmer Times)

Corporate News

KB Kookmin Bank CEO Lee Hwan Ju reaffirms support for Cambodia's banking industry KB Kookmin Bank CEO Lee Hwan Ju visited Cambodia from October 20-21, 2025, highlighting the bank's confidence in the country's growing banking sector and its long-term investment strategy through its subsidiary, KB PRASAC Bank Plc. He met with H.E. Dr. Chea Serey, the Governor of the National Bank of Cambodia, and discussed Cambodia's macroeconomic outlook, financial sector stability, and opportunities for cooperation in cybersecurity and cross-border payment systems. Lee praised Cambodia's favorable investment environment and plans to expand financial inclusion and customer access to modern banking services. He also reviewed KB PRASAC Bank's performance and discussed its next phase of growth, emphasizing customer-centric operations and retaining top talent. Lee also visited several KB PRASAC Bank branches, focusing on customer satisfaction and preserving Cambodia's monetary heritage. The visit signifies a strengthened shareholder commitment amid Cambodia's economic momentum and expanding middle class. (Source: Cambodia Investment Review)

Stock Market

CSX index slips marginally amid mixed performance across main and growth boards On 27 October 2025, the CSX Index edged down 0.05% to close at 403.4 points. On the Main Board, PWSA (+0.33%) and GTI (+0.28%) posted gains, while PAS (-0.66%) and PPSP (-0.49%) recorded losses. PPAP, ABC, PEPC, MJQE, and CGSM remained unchanged. On the Growth Board, DBDE and JSL declined by 0.50% and 1.83%, respectively. Total trading volume reached 73,986 shares, with a turnover of KHR 330 million. (Source: YSC Research)

CSX Index

Stock Performance

Valuation Ratios

Trading Summary

Historical Issuance Summary

Main Board

Growth Board