Government to raise $120m through bond issuance this year

Economy and Industry

Government to raise $120m through bond issuance this year In 2025, the Royal Government of Cambodia plans to raise around $120 million through the issuance of government bonds to fund economic and social development, particularly in infrastructure and other key sectors. The bonds, worth KHR500 billion (approximately $123 million), will be issued through auctions on the National Bank of Cambodia's Platform (NBCP) with fixed interest rates and terms ranging from one to 15 years. The government aims to use these bonds to reduce reliance on foreign borrowing and support domestic revenue for infrastructure projects. (Source: Khmer Times)

Industrial real estate expected to thrive in 2025, residential market likely to remain stable The Cambodian real estate sector is expected to maintain steady conditions in 2025, with prices likely remaining stable. However, demand for industrial real estate is anticipated to grow, driven by foreign investment and the increasing need for land to build factories and special economic zones. Kinkesa Kim, managing director of CBRE Cambodia, noted that sectors such as residential, office buildings, and shopping malls may see slight improvements, but the industrial sector will lead the growth. (Source: Phnom Penh Post)

Cambodia's exports to Singapore surge in 2024 Cambodia's exports to Singapore surged by 101% in 2024, reaching $103 million, driven by agricultural products like Kampot pepper, palm sugar, mangoes, and rice. Imports from ASEAN countries decreased slightly by 7.8% to $798 million, while overall bilateral trade dropped by 1.7% to $901 million. The rise in exports is attributed to key trade agreements like the ASEAN Free Trade Agreement and the Regional Comprehensive Economic Partnership, opening new markets for Cambodian goods. Cambodia and Singapore are also collaborating on cross-border electricity trading projects and expanding cooperation in sectors such as infrastructure, agri-trade, and digital economy. (Source: Khmer Times)

Corporate News

Paulo Gaspar Rodrigues appointed new CEO of Coca-Cola Cambodia Coca-Cola Cambodia has appointed Mr. Paulo Gaspar Rodrigues as its new CEO. With nearly 30 years of experience in the Coca-Cola system, including roles in Thailand and Brazil, Rodrigues is committed to driving sustainable growth and enhancing partnerships in Cambodia. Coca-Cola has a long history in the country, beginning in the 1960s, and made significant investments, including the establishment of Cambodia Beverage Company in 1993 and the construction of a state-of-the-art bottling plant in 2015. In 2022, Swire Coca-Cola acquired the company, marking Coca-Cola's continued commitment to the region. (Source: Cambodia Investment Reviews)

Stock Market

CSX index drops 0.6% amid mixed performance across stocks The CSX Index rose by 0.6% to close at 407.9 points. On the main board, notable gains were led by PEPC (+5.17%), ABC (+1.12%), PPSP (+0.47%), CGSM (+0.41%), and PAS (+0.17%), while PPAP (-0.15%) posted a loss. PWSA, GTI, and MJQE ended the session unchanged. On the growth board, DBDE edged up by 0.49%, while JSL fell by 2.10%. The day's trading saw a total volume of 53,484 shares, with a turnover of KHR 313 million. (Source: YSC Research)

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