Market Update

Cambodia churns out 4.85 tonnes of dore bar so far since Jun 2021

Cambodia has so far produced 4.85 tonnes of dore bars as of Dec 2 since the first commercial gold pour took place in Jun 2021, according to Minister of Mines and Energy Suy Sem. Four official gold producers are currently active. Australian-owned Renaissance Minerals (Cambodia) Ltd in the Okvau area of Mondulkiri province's Keo Seima district produced over 95% of the bars, weighing a total of 4.598 tonnes.

07th December 2022

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Market Update

South Korea looking to import Kampot fish sauce

South Korea is looking to import Kampot-style fish sauce from prominent maker E Chei Ngov Heng Food Production of Kampot, more commonly known as just Ngov Heng, after the Cambodia-Korea Free Trade Agreement (CKFTA) took effect on December 1, according to a commerce ministry statement.

05th December 2022

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Market Update

Investors urged to set up EV assembly plants

Even as some companies are planning to install EV charging stations across the country, the Minister of Public Works and Transport (MPWT) has urged investors in the private sector to invest in the establishment of electrical vehicle assembly plants, said a release by the ministry earlier this week.

02nd December 2022

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Market Update

Investment projects worth $460M approved in Q3

The Council for the Development of Cambodia (CDC) approved 52 fixed asset investment projects worth over $460 million in the third quarter of 2022, up 10.6 percent as compared to the same period last year.

29th November 2022

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Market Update

Acleda Bank's market share unsatisfactory, despite profit

2022.11.25-Yuanta_Daily-Market-Update_-1669361550.pdf

24th November 2022

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Market Update

Stock trading in red in Q3 amid low market liquidity

The quarterly data of securities market operations shows that the trading value and volume in Cambodia's stock exchange decreased in the third quarter of this year compared to the previous period as the market has been negatively affected by the slowdown of the economy, low market liquidity, according to the top official of the country's regulator.

21st November 2022

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Market Update

Tax revenue passes target amid money laundering cases

he General Department of Taxation (GTD) has collected more than $2.94 billion of tax revenue for the first 10 months of this year, which passes the amount set in the budget law 2022 and increases 26.96 percent compared to the same period last year, according to a press release by GDT on Tuesday.

17th November 2022

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Market Update

SSEZ trade volume hits $2B in 10 months

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) totalled $2.069 billion in the first 10 months of 2022, marking a 17.09 per cent rise year-on-year from $1.767 billion, according to statistics posted by the operator at the weekend.

16th November 2022

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Market Update

Cambodia's Panda Commercial Bank inks deal with Artronic in blockchain R&D

ARTRONIQ Bhd's wholly owned subsidiary, EA Global Integrated Sdn Bhd, has entered into a letter of intent to provide services and consultation to Cambodia's Panda Commercial Bank PLC in the research and development of blockchain financial services.

15th November 2022

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Coporate News

Binance & Royal Group solidify partnership to introduce Web3 to Cambodia

During the ASEAN Business and Investment Summit 2022, Binance, the world's leading blockchain ecosystem provider, and Royal Group of Companies (Royal Group) entered into a Joint Venture Agreement to solidify its partnership in Cambodia to propel the nation into an era of Web3 solutions --on the back of the MOU which was signed earlier this year -- subject to regulatory approvals. The Agreement signing ceremony today in Cambodian Capital, Phnom Penh, was presided over by H.E. SOU Socheat, Delegate of the Royal Government in charge as Director General of Securities and Exchange Regulator of Cambodia. In the Joint Venture Agreement signed today, both parties have agreed to explore possibilities of creating solutions and platforms based on Web3 applications and use the technological know-how and blockchain platform capability of Binance to help nurture economic growth targeted at specific segments of society. Today, with the help of technology, the world has shrunk into mobile phones users hold in their palms while expanding the horizons for trade, inclusive growth, and an open economy. The Royal Group of Companies and Binance share a common vision of using technology to drive inclusive growth for everybody -- irrespective of their socio-economic status, gender, geography or age -- and are expecting this Joint Venture to lead that change in Cambodia. (Source: Khmer Times)

14th November 2022

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