In 2023, trade with Indonesia total to $1.1 billion

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Stock Market

CSX index down 0.33% on February 7, 2024 On February 7, 2024, the CSX index concluded at 465.4 points, indicating a 0.33% decrease compared to the previous day. Noteworthy declines were observed on the main board, with PPSP (+0.46%) and PWSA (+0.28%) experiencing gains, while PAS (-0.64%), ABC (-0.40%), CGSM (-0.39%), and GTI (-0.36%) incurred losses. However, PPAP, PEPC, and MJQE maintained their opening prices. On the growth board, DBDE saw an increase of 3.29%, whereas JSL recorded a decrease of 0.49%. The day's trading activity involved 36,119 shares, with a cumulative trading value reaching KHR 213 million. (Source: YSC Research)

Economy and Industry

In 2023, trade with Indonesia total to $1.1 billion In 2023, Indonesia emerged as Cambodia's 6th largest trading partner, with trade volume reaching nearly $1.1 billion, marking a significant 15% increase from 2022. Bilateral trade between the two nations amounted to $1.09 billion, constituting 2.32% of Cambodia's total international trade. Exports to Indonesia surged to $92.74 million, a remarkable 151.7% rise, while imports of Indonesian goods reached $994.6 million, up by 9.1%. As members of ASEAN and the Regional Comprehensive Economic Partnership, both countries anticipate further growth in trade, especially with the improving global economic conditions. Nonetheless, Cambodia must intensify efforts to narrow the export value gap and boost exports to Indonesia. Additionally, Indonesia's commitment to purchasing 250,000 tonnes of milled rice annually from Cambodia underscores its focus on ensuring food security. (Source: The Phnom Penh Post)

ADB to support micro, small, and medium-sized businesses The Foreign Trade Bank of Cambodia (FTB) has entered into the Asian Development Bank (ADB)'s Trade and Supply Chain Finance Program (TSCFP) to bolster trade finance for micro, small, and medium-sized enterprises (MSMEs) in Cambodia. The agreement, signed by FTB Chief Executive Officer Dith Sochal and ADB Country Director for Cambodia JyotsanaVarma, aligns with the ADB's private sector development initiative, aimed at fostering sectoral engagement in Cambodia's economic diversification efforts. Through the TSCFP, financing will be extended via partner banks to bolster trade and support MSMEs, which constitute approximately 99 percent of all enterprises in Cambodia. FTB will facilitate corporate and MSME clients in Cambodia by enabling trade finance instruments issued by the bank to be covered by TSCFP credit guarantees. With a track record of providing loans and guarantees to over 200 partner banks across multiple countries, the TSCFP has played a pivotal role in supporting trade, thereby stimulating imports and exports conducive to growth. (Source: Khmer Times)

CSX is expected to list corporate bonds from five companies this year The Securities and Exchange Regulator of Cambodia (SERC) anticipates that at least five companies will debut their corporate bonds on the Cambodia Securities Exchange (CSX) in 2024. This development underscores a growing market awareness regarding fundraising opportunities, thereby providing investors and businesses with expanded options. Presently, CSX hosts 23 listed companies, including 11 offering equity shares and 12 offering corporate bonds. Notably, Telcotech Ltd, a subsidiary of Royal Group, recently introduced its second $20 million bond on the CSX. With ambitious targets, CSX aims for a daily trade volume of $100 million by 2030. Established in 2012, CSX operates as a collaborative effort between the Cambodian government and the Korean Exchange. Looking ahead, the market is poised to offer investors additional opportunities to engage in bonds with maturity dates ranging from 5 to 10 years. (Source: Khmer Times)

Corporate News

In 2023, the export-import value of SSEZ was $3.36 billion The Sihanoukville Special Economic Zone (SSEZ) recorded a substantial growth in its import and export volume, reaching $3.36 billion in 2023, marking a notable 34.8% increase compared to the previous year, according to a recent statement by the zone's operator. This surge accounted for approximately 7.18 percent of Cambodia's overall trade volume. Established as a flagship project under the Belt and Road Initiative (BRI), the SSEZ is a collaborative effort between Chinese and Cambodian investors. Located in Preah Sihanouk province along the southwestern coast, the SSEZ stands as Cambodia's largest industrial zone in both size and occupancy. With 180 enterprises and private institutions from China, Europe, the U.S., Southeast Asia, and beyond, it has generated nearly 30,000 job opportunities. (Source: Khmer Times)

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