Cambodia unveils 10-year plan for Public-Private Partnership projects

Economy and Industry

Cambodia unveils 10-year plan for Public-Private Partnership projects The Cambodian government has launched a comprehensive 10-year roadmap for Public-Private Partnership (PPP) projects, aiming to boost infrastructure development and economic growth. This strategy focuses on attracting private investment to fund key sectors such as transportation, energy, and water management. The plan outlines various initiatives and incentives to encourage private sector participation in large-scale projects. The government is committed to creating a favorable business environment and providing regulatory support to ensure the success of these partnerships. By leveraging private capital and expertise, Cambodia aims to accelerate its infrastructure modernization. This roadmap is expected to create job opportunities, enhance public services, and drive sustainable development. (Source: Khmer Times)

Chinese tourist numbers increase, yet still below pre-pandemic levels The number of Chinese tourists visiting Cambodia in October reached 84,194 Chinese visitors reflecting a two-fold from the same period last year. This resurgence is a positive sign for the tourism industry, which has been severely impacted by the global health crisis. Despite the increase, the overall number of Chinese visitors is still lower than expected, highlighting the ongoing challenges faced by the sector. Tourism officials are optimistic that continued efforts to promote Cambodia as a safe and attractive destination will help boost numbers further. The recovery is supported by government initiatives aimed at improving tourism infrastructure and marketing campaigns. (Source: Phnom Penh Post)

American visitors lead at Angkor Archaeological Park; Chinese tourists in fourth place Angkor Archaeological Park has seen a significant influx of American tourists, who now top the list of international visitors. In the first 11 months of 2024, over 93,000 Americans visited the site, reflecting a strong interest in Cambodia's historical landmarks. Chinese tourists, who used to dominate the visitor numbers, now rank fourth with just over 71,176 visitors. This shift in tourist demographics can be attributed to changing travel patterns and the gradual recovery of global tourism post-pandemic. The park remains a major attraction, drawing visitors from around the world. The increase in American tourists has also positively impacted local businesses and the hospitality sector. (Source: Khmer Times)

Corporate News

Cambodia blocks access to 16 cryptocurrency exchange websites In a recent move to regulate the digital currency market, Cambodia has blocked access to 16 cryptocurrency exchange websites. The Securities and Exchange Regulator of Cambodia (SERC) announced this action as part of efforts to protect investors and maintain financial stability. The blocked sites were operating without proper authorization, posing risks to users. The regulator emphasized the importance of adhering to legal requirements and ensuring safe investment practices. This decision underscores Cambodia's cautious approach to the rapidly evolving cryptocurrency market. The move has been welcomed by some as a necessary step to prevent potential financial fraud and protect the integrity of the market. (Source: Nikkei Asia)

Stock Market

CSX index slips 0.24% amid mixed performance across boards On December 5, 2024, the CSX Index edged down by 0.24%, closing at 400.0 points. On the main board, GTI (+1.18%) and PWSA (+0.32%) posted gains, while PPSP (-3.51%), CGSM (-0.41%), PAS (-0.35%), and PPAP (-0.30%) saw declines. ABC, PEPC, and MJQE remained unchanged. Over on the growth board, DBDE and JSL recorded modest gains of 0.50% and 0.59%, respectively. The session ended with a trading volume of 66,977 shares and a turnover of KHR 272 million. (Source: YSC Research)

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