Cambodian Investment Management

20/04/2026

Extension of the Deadline for Receiving Requests to Defer the Completion of 2025 Annual Financial Statements for Enterprises and Non-Profit Organizations (NPOs) Not Subject to Independent Audit, to the និយ័តករគណនេយ្យនិងសវនកម្ម Accounting and Auditing Regulator (ACAR)

Enterprises and Non-Profit Organizations (NPOs) not subject to independent audit are granted an additional extension of 30 (thirty) days to submit their requests for extension the completion of the 2025 Annual Financial Statements, in accordance with Accounting Standards or for those preparing their financial statements through digital platforms.
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Enterprises and Non-Profit Organizations (NPOs) not subject to independent audit must submit their requests for an extension to complete the preparation of their annual financial statements to ACAR no later than April 30, 2026. Furthermore, they are required to pay the service fees in accordance with Prokas No. 016 NBFSA.P., dated February 5, 2026, regarding the Public Services of the Accounting and Auditing Regulator.

Deadline Extension for Requests to Defer Completion of 2025 Annual Financial Statements

09/04/2026

Our CEO Anthony Galliano attended the "Multilateral Trade Forum 2026."

06/04/2026

Our CEO Anthony Galliano was quoted in this article in the Khmer Times "Is Cambodia doing enough to hit 2050 high-income target?"

Anthony Galliano, Group CEO of Cambodian Investment Management Holdings (CIM) and a veteran watching the Cambodian economy closely for a long time, has a different take on the subject.

He said that in the past two years, Cambodia’s Gross National Income (GNI) per capita has grown at a compounded rate of approximately eight percent. “To reach the goal of Upper-Middle-Income Country by 2030, I estimate a 10 percent growth rate in GNI is needed, and given the current economic environment, that aspirational target is likely to be delayed until 2031. The ambition to reach a High-Income Country is not a stretch goal by any means, provided that the most critical components of the Pentagonal Strategy and the Industrial Development Policy are successfully executed. In fact, and provided that, the government achieves its roadmap, earlier graduation is foreseeably possible,” he explained.

According to Anthony, countries that have successfully and rapidly moved from low to high income economies have achieved this by different paths. “There is the silver bullet whereby a country is blessed with natural resources, such as Qatar, Guyana, and UAE, and typically reinvests the proceeds into the economy. There is the transformative investment and policy approach, South Korea being a benchmark, whereby the country aggressively invests in human capital and education, supports the shift from light manufacturing to high-tech and high skilled manufacturing, implements policies to diversify exports, builds world-class infrastructure, and enacts vigorous market reforms.

“While in the past, Cambodia relied substantially on garment exports, tourism, construction, and agriculture, the government clearly is focusing on the big picture now, and is no longer beholden to an economic structure that is reliant on garments, short-term tourism, and low-value agriculture. A comprehensive transition towards electronics assembly and high-tech manufacturing is underway, as evidenced by a burgeoning auto sector. There is a shift from exporting raw commodities to domestic agro-processing, such as cashews, rubber, and rice, to keep more value within the country. Government reforms are improving transparency and reducing corruption to lower the cost of doing business and attracting higher-quality foreign investment,” he said.

In Anthony’s view, the pace of infrastructure development is nothing short of phenomenal, with new and modern airports, expressways, ports, and, in the future, the Funan Techo Canal. The government is investing in bridging the skills gap through STEM education and vocational training to create a competitive and highly skilled workforce.

Anthony struck a confident note, saying that the country is on the right trajectory to become a high-income country within the projected timeframe, given its visionary policies and pioneering leadership. “The world and particularly ASEAN is a competitive marketplace and Cambodia is transforming itself with solid and robust strategies for the decades to come,” he said.

Cambodia must accelerate economic liberalisation and sustain strong long-term growth if it hopes to achieve its ambition of becoming a high-income country by 2050, according to new insights from experts and organisations such as the American Chamber of Commerce (AmCham) in Cambodia.

05/04/2026

Our CEO Anthony Galliano was honored to deliver the Keynote Address at the ASIA - PACIFIC EXECUTIVE BUSINESS LEADER FORUM 2026“ on the topic "The New World Disorder." Thanks to the Global Entrepreneur 1% Club for the invitation. It was an amazing event attended by the future leaders and entrepreneurs of Cambodia.

04/04/2026

Our CEO Anthony Galliano was honored to receive the ASEAN Outstanding Business Leader (ASEAN Lifetime Leadership) from the Global Entrepreneur 1% Club.

07/03/2026

B2B Asia News interview with Jesse McCaul. Jesse has lived in Cambodia for 31 years and is fluent in Khmer language. He is a true champion of the attributes and advantages of living in the Kingdom of Wonders and why Cambodia is one of the most attractive investment destinations in the world. He one o the most prominent Americans promoting Cambodia and a true testament of the safety, quality of life, and high standard of living the Kingdom offers.

Anthony Galliano, Group CEO of Cambodian Investment Management (CIM), sat down with Jesse McCaul, Director at Invest Cambodia, to talk about Cambodia's inves...

03/03/2026

Our Ceo, Anthony Galliano was quoted in this article in the Khmer Times "Middle East crisis can hit investment flow, tourism in Cambodia."

Anthony Galliano, Group CEO of Cambodian Investment Management Holdings (CIM), said the conflict between the United States, Israel, and Iran was anticipated by the markets given the large military build-up in the Middle East and the US administration’s demands, which Iran viewed as onerous.

He told Khmer Times yesterday that Cambodian economy will be substantially impacted if the conflict prolongs and the garment, tourism, real estate and banking industries will likely suffer the most. “The ongoing conflict could disrupt manufacturing by driving up fuel prices and straining global supply chains. These pressures may lead to higher freight charges, increased raw material costs, and a softer global economy as inflation rises and unemployment risks grow,” Anthony said.

He noted that while energy prices are likely to climb, the recent 12-day conflict with Iran caused only a temporary 20 percent spike before stabilising to earlier levels. He added that the current price rise of about seven percent reflects a more moderate market reaction.

In Anthony’s view, oil supply is not the primary concern, particularly with OPEC’s commitment to boost output, but he highlighted the strategic importance of energy flows through the Strait of Hormuz — a key global chokepoint that Iran’s Revolutionary Guard reportedly declared “effectively shut” on Sunday.

Anthony also warned that the tourism sector faces fresh setbacks from travel disruptions, closed airspace, flight cancellations and higher energy costs, compounded by softer economies and potential security threats. The conflict has closed multiple national air routes and major transit hubs, making travel difficult or impossible in many areas.

He said that if a prolonged conflict weakens Cambodia’s economy, the recent rebound in real estate — particularly from foreign buyers — could be jeopardised. A downturn in manufacturing, tourism and property, he added, might lead to a rise in non-performing loans, posing challenges for the banking sector.

Anthony said the most favourable outcome would be a short conflict with limited damage, though he noted the situation is distinct from Venezuela and such a quick resolution appears less likely.

Cambodian businesses are watching the unfolding Middle East conflict with nervousness, as it can have far-reaching economic consequences for the country. Oil prices soared and stocks fell across Asia on Monday on the back of turmoil in the Middle East after US and Israeli strikes on Iran.

26/02/2026

B2B Asia News Ministry of Commerce Update. Press Release by ក្រសួងពាណិជ្ជកម្ម Ministry of Commerce on Implementation of Prakas 117 Simplication of Business Registation Procedures.

Key Messages:

- The postponement of the implementation of the company secretary extended until January 2027
- Reiteration that the requirement to have a company secretary applies only to Limited Liability Companies, whereas sole proprietorships, start-ups, informal economy groups, and small and medium enterprises are not required to appoint a company secretary
- A LLC company has the right to select and appoint its own company secretary without the need to comply with qualification conditions as stipulated in Article 25
- An individual who wishes to practice and become a professional company secretary service provider must meet the qualifications conditions as stipulated in Article 25

Anthony Galliano, Group CEO of Cambodian Investment Management, discusses the press release issued by the Ministry of Commerce regarding Prakas No. 117, whic...

25/02/2026

B2B Asia News Tariff Update - U.S. Supreme Court Ruling on Tariffs

Anthony Galliano, Group CEO of Cambodian Investment Management (CIM), provides an explainer on the U.S. Supreme Court's February 20 ruling that all tariffs b...

17/02/2026

Our CEO Anthony Galliano was quoted in this article in the Khmer Times "MoC fine-tunes digital trade apparatus to boost cross-border efficiency." Key Line “The days of signing in original blue ink, fingerprinting documents, and notaries and lawyers certifying signatures may soon be behind us.”

Speaking to Khmer Times, Anthony Galliano, Group Chief Executive Officer of Cambodian Investment Management Holdings and Vice-President of The American Chamber of Commerce in Cambodia Association (AmCham Cambodia), said that Cambodia had signed the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific in 2017, but ratification has been delayed due to several technical and legal requirements.

He explained that key constraints included establishing a legal framework to ensure electronic documents carry the same legal standing as paper records, upgrading the National Single Window system, securing reliable high-speed internet comparable to 5G capacity, and aligning interests across multiple ministries. The agreement currently has 15 member countries.

“Cambodia is currently ratifying the treaty and will accede once it deposits the final instruments of ratification,” Galliano said. Once the Kingdom formally accedes and implements the agreement, Cambodia could experience significant operational and economic gains. Digital trade measures under the treaty are expected to reduce average trade costs across the region by around 20 percent, potentially translating into billions of dollars in annual savings across trade activities. Cambodian exports are also projected to become more competitive in global markets, with export processing time anticipated to fall by approximately 25 percent, he added.

Galliano noted that the transition to digital trade systems would enhance transparency and reduce fraud risks, particularly in areas such as tax evasion and prohibited imports, as improved customs automation and anti-smuggling enforcement mechanisms take effect.

“One of the most substantive improvements the treaty embodies is standardised digital procedures that lower the entry barrier for Cambodian companies, enabling them to participate more easily in regional and global value chains,” he said.

The agreement would also enable Cambodia’s National Single Window to communicate seamlessly with digital trade systems in other member states, including several of the Kingdom’s major trading partners, further strengthening cross-border trade efficiency.

Galliano expressed optimism that ratification would accelerate the government’s broader digital transformation agenda and improve the overall ease of doing business in Cambodia.

“I am hopeful that with the ratification of this treaty, the government transitions from paper-based systems to digital, which will greatly improve the ease of doing business in the Kingdom,” he said.

“The days of signing in original blue ink, fingerprinting documents, and notaries and lawyers certifying signatures may soon be behind us.”

The Ministry of Commerce (MoC) is in the process of fine-tuning its digital trade capabilities, with government officials reviewing progress on the nation’s readiness for cross-border paperless trade, a move expected to modernise the trade system and cut operational costs.

12/02/2026

Our CEO, Anthony Galliano, was quoted in this article on the Khmer Times "US remains Cambodia’s largest export market as trade surges."

Anthony Galliano, Group CEO of Cambodian Investment Management Holdings and Vice-President of the American Chamber of Commerce in Cambodia (AmCham Cambodia), described the current momentum as the result of a “symbiotic trade relationship” between the two countries.

“Cambodia and the United States are currently benefiting from a symbiotic trade relationship bolstered by a confluence of favourable factors,” Anthony told Khmer Times.

He pointed to the robust performance of the US economy as a central driver. The United States real GDP reached approximately $30.6 trillion in the third quarter of 2025, recording a strong 4.4 percent annualised growth rate, following a 3.8 percent expansion in the second quarter.

In 2025, US retail sales grew at an annual rate of 3.7 percent, reaching approximately $5.45 trillion. Within that, the garment sector expanded by roughly 3 percent, while travel goods increased at an estimated 8 percent year-on-year.

“With export concentration of approximately 45 percent in the world’s largest consumer market and economy, and the US as a developed economy growing faster than its peers, Cambodia benefited from the demand equation,” Anthony said.

He added that Cambodia’s competitive advantages have further strengthened its position. Preferential tariff rates and competitive product pricing have supported exporters, particularly when compared with competitors such as China, which faces an effective tariff rate of around 32 percent on garments.

“With reduced tariffs relative to competitors, diversification of exports that now include rubber tyres and other agricultural products, and the government’s initiatives to improve productivity, logistics and compliance with international standards, Cambodia is benefitting from a perfect storm,” he noted.

The US market plays a pivotal role in Cambodia’s manufacturing sector, not only in terms of export value but also employment, investment flows and long-term industrial development.

Anthony acknowledged that the high concentration of exports to a single market presents structural risks. “Substantial concentration and dependency of the Kingdom’s exports with the United States, while deeply concerning, has been a great benefit given the unique size, demand and growth of the US economy and market,” he said.

The bilateral trade relationship has weathered policy shifts in recent years. The expiration of the Generalized System of Preferences in 2020 posed challenges, followed by the imposition — and subsequent reduction — of tariffs in 2025 on certain Cambodian exports.

“Bilateral trade between the nations has survived these hurdles and thrived,” he said.

Anthony stressed that, at least in the short term, the United States will remain Cambodia’s most important export market.

“Undoubtedly, the US market is, and will be in at least the short term, the Kingdom’s most important export market, until the reliance on low-complexity manufacturing diminishes and higher-skilled manufacturing opens new opportunities in products and subsequently access to wider markets,” he added.

Despite the strong figures, exporters face a complex external environment shaped by evolving trade policies, geopolitical tensions and shifting global supply chains.

“The greatest risk is uncertainty of application of trade policy by the current US administration, which can shift as a consequence of geopolitical issues rather than strictly trade matters,” Anthony said.

He noted that Cambodia was the first country to enter into a trade agreement with the new US administration, placing the Kingdom in a relatively favourable position. He also observed that the US has little incentive to reshore production of goods that Cambodia manufactures, particularly labour-intensive consumer products.

The United States remained Cambodia’s largest export market in January 2026, as the Kingdom’s shipments to the American market soared sharply, according to the latest data released by the General Department of Customs and Excise of Cambodia (GDCE) on Tuesday.