Cambodia imposes ban on Thai fuel imports amid heightened tensions

Economy and Industry

Cambodia imposes ban on Thai fuel imports amid heightened tensions Cambodian Prime Minister Hun Manet has halted all fuel and gas imports from Thailand starting at midnight, citing sufficient alternative supplies and escalating tensions following a Thai military-led incursion of 150 Thai cyclists into the Ta Moan Thom temple compound. The ban is expected to help domestic companies source sufficient fuel supplies to meet domestic fuel and gas demands within the country. In 2023, Cambodia imported about $738.18 million of mineral fuels, oils, and distillation products from Thailand, including petrol and other petroleum products. However, Cambodia also imports petroleum products from other countries, including Vietnam and Singapore. The move is part of an ongoing border dispute with neighboring Thailand. (Source: Kiripost)

Significant growth observed in non-garment sector Cambodia is experiencing a significant increase in the export of non-garment manufacturing products, a sign of the country's successful economic diversification strategy. The non-garment manufacturing products include electronic components, auto parts, bicycles, car tires, leather, plastic, and other industrial products. The exports of electronic goods and parts reached $287 million in the first five months of this year, up 2.4% compared to the previous year. The country's export of vehicle parts increased by 18.3%, bicycles by 46.9%, electric cable and wire by 83.6%, and car tires by 81%. However, the export of solar panels saw a significant decrease of 99% to $3.87 million from $412 million in the same period last year. The Cambodian Industrial Development Policy 2015-2025 is aiming to shift the country's focus from the labor-intensive garment sector to a more sustainable and robust economic future. (Source: Khmer Times)

Cambodia's banks expand operations despite uncertain global economy Cambodia's banking sector is demonstrating resilience despite global economic challenges, including the Russia-Ukraine conflict, supply chain disruptions, inflation, and trade tensions under the Trump administration. The Association of Banks in Cambodia (ABC) spokesperson Sok Chan said the sector remains stable and committed to supporting the economy despite external pressures. Most banks are expanding their self-service banking facilities to better support customers with cash-in and cash-out services, as well as account openings. Several banks are upgrading existing branches to offer full-fledged banking services. The expansion aims to meet growing demand, serve the unbanked and underbanked populations, and promote financial inclusion. A recent example of this expansion is BRIDGE Bank's official opening of its newest branch in Phnom Penh's Sensokh district on June 20, 2025. The bank's growing portfolio includes tailored products for individuals and corporate clients, covering loans, deposits, and digital solutions that meet evolving market demands. The sector's continued growth is supported by strong oversight from the National Bank of Cambodia (NBC), which has adopted international standards to safeguard financial stability. (Source: Khmer Times)

Corporate News

Direct flights between Phnom Penh and Penang begin June 26, 2025 Cambodia Airways has announced the launch of direct flights between Phnom Penh and Penang, Malaysia, starting on June 26, 2025. The flights will operate twice a week on Thursdays and Sundays. The announcement is a significant achievement in the fruitful cooperation between Cambodia and Malaysia, a result of the wise leadership of former Prime Minister Hun Sen and Prime Minister Hun Manet. The new direct flight will strengthen diplomatic relations between the two countries, particularly in tourism, people-to-people exchanges, and promotion of both domestic and international tourism. It also opens new investment opportunities in tourism and other sectors. (Source: Khmer Times)

Stock Market

CSX index slips 0.16% as losses dominate main board On 23 June 2025, the CSX Index declined by 0.16%, closing at 410.0 points. On the Main Board, CGSM (+0.41%) was the sole gainer, while GTI (-3.04%), PEPC (-1.85%), PAS (-0.65%), MJQE (-0.49%), PPSP (-0.47%), PPAP (-0.44%), PWSA (-0.31%), and ABC (-0.29%) recorded losses. No stock on the Main Board remained unchanged. On the Growth Board, DBDE and JSL were down by 0.49% and 0.36%, respectively. Total trading volume reached 68,841 shares, with a turnover of KHR 444 million. (Source: YSC Research)

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