CGCC launches $200 million economic stimulus guarantee program

Economy and Industry

CGCC launches $200 million economic stimulus guarantee program The Credit Guarantee Corporation of Cambodia (CGCC) has launched a $200 million Economic Stimulus Guarantee Scheme (ESGS) to support Micro, Small and Medium Enterprises (MSMEs) and large firms in securing financing. The scheme, approved by the Deputy Prime Minister and Minister of Economy and Finance, aims to promote economic diversification, financial inclusivity, and private sector development. Under the new scheme, CGCC has increased its guarantee coverage to up to 90% of the total loan principal, with the minimum guarantee fee lowered to 0.75% of the outstanding guaranteed amount. The scheme is in line with the Royal Government's Pentagonal Strategy - Phase 1, which focuses on economic diversification, financial inclusivity, and private sector development. CGCC currently provides a range of credit guarantee products, including loan guarantees in the banking sector, bond guarantees in the securities market, and the Entrepreneurship Program Initiative of CGCC (EPIC). As of May 2025, CGCC has issued guarantees for 4,877 business loan accounts, with a total guaranteed amount of around $294.32 million. (Source: Khmer Times)

Cambodian cooling industry attracts interest from Japanese investors Japanese companies, such as Daikin, Mitsubishi Electric, and Panasonic, are exploring opportunities in Cambodia's cooling industry, with the overall heating, ventilation, and air conditioning (HVAC) market expected to grow by 10% annually over the next five years. The country's fast-growing population, rising median household income, and increasing extreme heat due to climate change make it a solid bet for companies like Daikin. Daikin Airconditioning Cambodia, a subsidiary of Daikin, cited Cambodia as a "promising market" due to its expected population growth. The company's move into Cambodia is a strong affirmation of the confidence Japanese and other investors place in Cambodia's economic and industrial potential. Mitsubishi electric air conditioning systems are also gaining market share in the Kingdom, with a rapid rise in demand for air-conditioners and effective cold chain solutions, particularly for the food and agro-industrial sector. (Source: Khmer Times)

Royal government to establish national policy to strengthen agro-industrial sector in western Cambodia Cambodia's Prime Minister Hun Manet has announced that the Royal Government will develop a national policy to promote the agro-industrial sector in the western region of the country as part of its efforts to diversify the national economy. The policy-making committee will draft an investment policy focused on agro-industrial and industrial development in the western region. The Prime Minister stressed that agriculture cannot be limited to cultivation and export of raw products, but must strengthen domestic processing for export to create jobs and ensure long-term economic sustainability. He also stated that the Kingdom is now resilient in the face of external threats due to its investments in food security, education, healthcare, and infrastructure. He emphasized that threats are no longer effective because the Royal Government has taken control of its supply chains, making no one can look down on Cambodia. (Source: Khmer Times)

Corporate News

ABA and Pethyoeung partner to enhance digital payments in healthcare ABA Bank, the largest commercial bank in Cambodia, has partnered with local health-tech company Pethyoeung to streamline digital payments in the country's healthcare sector. The partnership will integrate ABA KHQR as the default payment method within Pethyoeung's billing platform, serving its affiliated healthcare providers. The integration will also enable the rollout of ABA's QR API on cashier screens and invoices, providing customers with a more seamless payment experience. The partnership is a key milestone in the digital transformation of Cambodia's healthcare sector, making healthcare payments more accessible and efficient for all. ABA Bank and Pethyoeung remain committed to strengthening the integration of digital payments and healthcare services in Cambodia, enhancing convenience for both healthcare providers and customers. The partnership aims to improve patient care and connect systems with secure, interoperable, and user-friendly platforms. (Source: Cambodia Investment Review)

Stock Market

CSX index falls 0.85% as PAS leads decliners; trading volume hits 128K shares On 02 July 2025, the CSX Index declined by 0.85%, closing at 405.4 points. On the Main Board, PPSP (+0.95%) posted gains, while PAS (-3.57%), MJQE (-1.00%), CGSM (-0.82%), PEPC (-0.37%), GTI (-0.30%), PPAP (-0.29%), and ABC (-0.29%) recorded losses. PWSA remained unchanged. On the Growth Board, DBDE was down 0.98%, while JSL was up 1.86%. Total trading volume reached 128,196 shares, with a turnover of KHR 432 million. (Source: YSC Research)

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