Government bonds generate $70 million in nine months

Economy and Industry

Government bonds generate $70 million in nine months  The Cambodian government has successfully raised $70 million through the issuance of bonds in the first three quarters of the year. This funding aims to support various development projects and bolster the country's economic stability. The positive response from the bond market indicates strong investor confidence in Cambodia's economic prospects and fiscal management strategies. The government plans to use the proceeds to finance infrastructure projects, such as roads, bridges, and public utilities, which are crucial for sustaining economic growth. Additionally, funds will be allocated to education and healthcare initiatives, further enhancing the quality of life for Cambodian citizens. (Source: Khmer times)

Cambodian exports reach $24 billion in eleven months  Cambodia's export sector has seen substantial growth, with exports reaching nearly $24 billion from January to November. This impressive increase is attributed to the strong performance of key sectors such as garments, footwear, and travel goods. The country's favorable trade agreements and the reopening of global markets post-pandemic have played a crucial role in this growth. The Ministry of Commerce has been instrumental in supporting this growth by facilitating trade agreements and promoting Cambodian products in international markets. Key export destinations include the United States, the European Union, and ASEAN countries. (Source: Khmer times)

Trade between Cambodia and China approaches $14 billion  The trade volume between Cambodia and China has reached nearly $14 billion, highlighting the strengthening economic ties between the two countries. This growth reflects robust bilateral cooperation and the successful implementation of trade agreements, facilitating the exchange of goods and services. China remains Cambodia's largest trading partner, with exports to China including garments, agricultural products, and raw materials. Imports from China mainly consist of machinery, electronics, and construction materials. The Cambodian Ministry of Commerce has emphasized the importance of this partnership, noting that it provides significant opportunities for Cambodian businesses to expand their market reach. (Source: Khmer times)

Corporate News

Wing Bank opens new branch in Pursat City  Wing Bank, a leading provider of financial services in Cambodia, has inaugurated a new branch in Pursat City. This strategic expansion aims to enhance access to comprehensive banking services for the local population. The new branch offers a wide range of services, including loans, deposits, and digital banking solutions. Wing Bank's move is part of a broader strategy to increase financial inclusion across Cambodia, particularly in underserved areas. By establishing a presence in Pursat, the bank aims to contribute to the economic development of the region, providing easier access to financial resources for both individuals and businesses. (Source: Phnom Penh Post)

Stock Market

CSX index dips 0.14% on December 12, 2024 On December 12, 2024, the CSX Index declined by 0.14%, closing at 400.7 points. On the main board, PWSA (+0.32%) posted gains, while GTI (-1.54%), PAS (-1.23%), PEPC (-0.85%), and PPSP (-0.45%) recorded losses. Meanwhile, PPAP, ABC, MJQE, and CGSM remained unchanged. On the growth board, DBDE fell by 1.47%, while JSL held steady. The session ended with a trading volume of 45,181 shares and a turnover of KHR 255 million. (Source: YSC Research)

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