Cambodia expands agricultural exports to global markets

Economy and Industry

Cambodia expands agricultural exports to global markets Cambodia exported agricultural products to 95 countries last year, generating $5.2 billion in revenue, according to an official from the Ministry of Agriculture, Forestry, and Fisheries (MAFF). The country shipped 12 million tonnes of produce, out of a total agricultural output of 40 million tonnes. Key exports included rice, bananas, mangoes, cassava, cashew nuts, corn, palm oil, pepper, and tobacco. Major buyers of Cambodian agricultural goods include China, the European Union, and ASEAN nations such as Vietnam and Thailand. The government has been actively promoting agricultural trade through various free trade agreements and partnerships, ensuring Cambodian farmers and producers gain better access to global markets. (Source: Khmer Times)

Cambodia and Hong Kong strengthen financial cooperation The National Bank of Cambodia (NBC) and the Hong Kong Monetary Authority (HKMA) are exploring a Memorandum of Understanding (MoU) to enhance cooperation in payment systems and financial reserves. The meeting between NBC Governor Chea Serey and HKMA Deputy CEO Howard Lee focused on three key areas of collaboration: retail payment system connectivity, large-value payment system integration, and joint efforts in foreign exchange and reserve management. As central banks worldwide work to upgrade financial infrastructure and enhance economic stability, these aspects are becoming increasingly significant. With digital payments becoming increasingly important, both institutions seek to develop a framework that ensures secure and efficient financial exchanges (Source: Khmer Times)

Cambodia advances research and development with new innovation cluster The Ministry of Industry, Science, Technology, and Innovation (MISTI) has partnered with the Science and Technology Policy Institute (STEPI) to establish a research and development (R&D) cluster in Cambodia. The Memorandum of Understanding (MoU) between Hem Vanndy, Minister of Industry, Science, Technology, and Innovation, and Yoon Ji-woong, President of STEPI, establishes a foundation for strengthened policy cooperation over the next five years, according to MISTI Under the agreement, both parties will collaborate on key initiatives, including joint policy development, the creation of funding and investment frameworks, and the exchange of technology, knowledge, and expertise. (Source: Khmer Times)

Corporate News

Grab Cambodia introduces premium ride service in partnership with Executive Auto Grab Cambodia has teamed up with Executive Auto to launch a premium ride-hailing service, offering customers a luxurious transportation experience. The new service, branded as "Grab Executive," features high-end vehicles equipped with amenities such as bottled water, aromatic scents, and professional chauffeurs. The initiative aims to cater to business professionals and travelers seeking a more refined commuting option. Executive Auto, a relatively new player in Cambodia's luxury transport sector, sees this collaboration as an opportunity to expand access to high-end transportation. The service is set to launch on May 1, 2025, marking a strategic move for Grab in Cambodia's competitive ride-hailing market. (Source: Cambodia Investment Review)

Stock Market

CSX dips 0.19% amid broad losses On 02 May 2025, the CSX Index declined by 0.19%, closing at 410.6 points. On the Main Board, ABC (+0.56%) and PPAP (+0.14%) led the gainers, while PEPC (-2.67%), MJQE (-1.37%), CGSM (-0.41%), PWSA (-0.32%), GTI (-0.28%), and PAS (-0.17%) posted losses. PPSP remained unchanged. On the Growth Board, DBDE and JSL declined by 0.48% and 0.94%, respectively. Total trading volume for the day reached 198,178 shares, with a turnover of KHR 1,206 million. (Source: YSC Research)

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