The national debt of Cambodia is $10.7 billion

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Stock Market

Main board stocks mostly decline, PPAP gains 0.71% The CSX index fell by 0.98% to 456.6 points on September 7, 2023. PWSA, GTI, PPSP, PAS, PEPC, and CGSM are six main board stocks that all had losses of 1.88%, 0.33%, 0.90%, 0.65%, 1.98%, and 2.01%, respectively. The only gainer on the main board is PPAP, up 0.71%, while ABC and MJQE, remained unchanged. JSL shows no movement on the growth board, while DBDE increased by 0.93%. A 23.5% increase over the previous day's closing volume saw 112,754 shares, or KHR 468 million, change hands. (Source: YSC Research)

Economy and Industry

The national debt of Cambodia is $10.7 billion Cambodia's public debt reached $10.72 billion in the first half of 2022, with 99.57 percent being public external debt and the rest being domestic public debt. The majority of the debt comes from bilateral development partners, with China being the main concessional loan lender. The country's public debt is also in foreign currencies, with China being the main lender. The government signed new concessional loans with developing partners in January and June, accounting for 36% of the law's ceiling. In the first semester of 2023, government securities were issued, accounting for 15% of the law's ceiling. The government plans to raise $200 million from bonds for 2023 to ensure investment efficiency and sustainability of debt management. (Source: Khmer Times)

CIS was introduced, giving CSX investors more options Cambodia is set to launch fund unit offerings of the Collective Investment Scheme (CIS) on September 8, aiming to increase market liquidity and expand funding sources for local companies. The CIS is a money pool or cash equivalent set up via an issue of fund units or an electronic system, including crowdfunding. The Securities and Exchange Regulator of Cambodia (SERC) has issued a notification on the prakas, stating that the CIS is a joint venture fund project that is broken down into smaller units for initial public offering. The CIS is divided into several categories, including private funds, public funds, and funds for implementing projects related to the real estate sector. The CIS project is seen as an additional option for CSX investors, helping those who have money left but do not have the time and skills to fund managers to continue investing in their skills. (Source: The Phnom Penh Post)

Tourism sector in Cambodia receives $54.2 million in loans from SME Bank Cambodia has approved $54.2 million in loans under the Tourism Recovery Co-Financing Scheme (TRCS) for 350 businesses, a 36.1% share of the $150 million government-allocated co-financing project fund. The scheme, approved by the Ministry of Economy and Finance, enables tourism business operators to apply for loans from participating financial institutions with a maximum interest rate of 6.5% per annum and a loan tenure of up to seven years. The scheme has helped the tourism sector recover from a decline due to Covid-19. (Source: The Phnom Penh Post)

Corporate News

Inpay and CPBank partner to launch International Money Transfer Services in Cambodia Inpay, a fintech company, and Cambodia Post Bank Plc. (CPBank) have partnered to introduce international money transfer services in Cambodia. CPBank's customers will benefit from Inpay's Eurogiro network, which offers a convenient and extensive network of 70,000 post office locations worldwide. This will enable Cambodians abroad to send money to their friends and family in Cambodia through CPBank's 60+ nationwide branches. This is the first time such cross-border cash remittance services have been made available to Cambodians. The partnership aims to improve economic activity in Cambodia and create a more connected future for Cambodians worldwide. (Source: Khmer Times)

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