Cambodia's GDP is expected to grow by 5.5% in both 2025 and 2026

Economy and Industry

Cambodia's GDP is expected to grow by 5.5% in both 2025 and 2026 Cambodia's GDP is projected to grow by 5.5% in both 2025 and 2026, supported by recovering domestic demand despite challenges such as weak credit growth and elevated household debt. The World Bank emphasizes the importance of trade diversification, productivity improvements, and enhanced education to sustain long-term growth. Meanwhile, the Ministry of Economy anticipates even stronger growth, forecasting 6% in 2024 and 6.3% in 2025, fueled by exports, tourism, and a thriving non-garment sector. Inflation is expected to moderate, with rates of 2.7% in 2024 and 2.5% in 2025. Analysts stress the urgency of attracting foreign investment and strengthening the agricultural sector to bolster economic resilience. (Source: Khmer Times)

Cambodia's textile exports exceed $10 billion fueled by global recovery Cambodia's textile exports surpassed $10 billion in the first 11 months of 2024, marking a 25% increase from the previous year and accounting for 44.45% of the country's total exports. This remarkable growth is driven by the global economic recovery, increasing demand for consumer goods, and Cambodia's political stability, which offers a competitive edge over other major textile producers. In November alone, 43 investment projects valued at $940 million were approved, including 11 focused on the textile sector. Industry experts remain optimistic about continued expansion, citing Cambodia's skilled workforce and robust international market presence as key enablers for sustained growth. (Source: Phnom Penh Posts)

Techo International Airport's opening is postponed to July 2025 The opening of Techo International Airport, initially slated for early 2025, has been postponed to July 2025. The $1.5 billion project is now 92% complete, with final construction expected by March 2025. Situated south of Phnom Penh, the airport is designed to accommodate large aircraft such as Airbus A380s, promising to enhance Cambodia's tourism sector and economic growth. The project is a collaboration between the Cambodian government and OCIC. From January to October 2024, Cambodia's three international airports collectively handled 4.7 million passengers, reflecting a 21% YoY increase. (Source: Khmer Times)

Corporate News

Japan's Honda and Nissan enter early-stage merger discussions Honda and Nissan are in early discussions about a potential merger to bolster their competitiveness in the electric vehicle (EV) market, aiming to challenge industry leaders like Tesla and emerging Chinese manufacturers. The two automakers, which began exploring a partnership in March, are reportedly considering the formation of a single holding company, potentially including Mitsubishi Motors. The talks come as Nissan faces financial difficulties, while both companies intensify their investments in EV technology. Although Japan has been slow to adopt EVs, Honda and Nissan are accelerating their efforts to align with global trends by prioritizing electric and hybrid vehicle development. (Source: Phnom Penh Posts)

Stock Market

CSX index declines 0.26% amid mixed performance on December 19 On December 19, 2024, the CSX Index slipped by 0.26%, closing at 399.3 points. On the main board, gains were led by PPSP (+0.46%), PAS (+0.36%), ABC (+0.29%), and PPAP (+0.15%), while CGSM (-0.82%), PEPC (-0.41%), and PWSA (-0.32%) posted losses. GTI and MJQE remained unchanged. On the growth board, DBDE stayed flat, while JSL declined by 1.16%. The session closed with a trading volume of 37,598 shares and a turnover of KHR 203 million. (Source: YSC Research)

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