U.S. reduces tariffs on Cambodian exports from 36% to 19%

Economy and Industry

U.S. Reduces Tariffs on Cambodian Exports from 36% to 19% U.S. President Donald Trump has approved a significant reduction in import tariffs on Cambodian goods, lowering the rate from 36% to just 19%. This move will take effect on August 1, 2025, and is part of Washington's latest update to its international customs duty schedule. The tariff reduction also applies to Thailand, which also saw its duty lowered from 36% to 19%. Cambodia and Thailand join a group of Asian nations, including Indonesia, Malaysia, the Philippines, and Pakistan, that will face a uniform 19% rate under the updated U.S. trade regime. The 36% tariff had previously sparked concern among factory owners and trade unions. (Source: Khmer Times)

New Capital Gains Tax Policy Rolled Out in Two Phases Starting September 2025 The Ministry of Economy and Finance has introduced a 20% tax on capital gains, effective from January 1, 2026. Capital gains are taxable income earned from the sale or transfer of various capital assets, including investment assets, business reputation, intellectual property, foreign currency, real estate and leases. The tax will apply to gains realized from September 1, 2025, onwards, while real estate gains will be effective from January 1, 2026. Capital gains from the indirect sale or transfer of shares will be subject to specific regulations. Taxpayers will have the flexibility to choose between two methods for calculating their capital gains tax liabilities. Certain transactions will be exempt, including the issuance of new shares for capital increase, the sale or transfer of agricultural land, residential property, real estate transferred within family circles, state-owned property, and property for public benefit. (Source: Construction & Property)

Thailand faces 100 billion baht loss from border conflict, excluding trade impacts Thailand's Finance Ministry estimates that evacuation and property damage have cost the government an estimated 10 billion baht ($307.9 million) due to the border conflict with Cambodia. However, Thai Finance Minister Pichai Chunhavajira said that the final tab could be higher if losses from trade disruptions are included. The ministry is preparing an initial budget of 25 billion baht ($771 million) to mitigate the effects, but the sum might not be enough as the initial estimated damage has not included the disruptions in trade. Thailand has announced various relief measures to assist people and businesses affected by the border conflict, as well as an allocation of 100 million baht (more than $3.05 million) for affected provinces. State-owned banks have also offered measures to ease debt burdens, such as loan repayment deferrals and refinancing options. (Source: Kiripost)

Corporate News

CGCC and CASF sign MoU for strategic bond market collaboration Credit Guarantee Corporation of Cambodia (CGCC) and the Cambodia Association of Securities Firms (CASF) signed a Memorandum of Understanding (MOU) to promote bond issuance in Cambodia and guaranteed bonds by CGCC. The partnership aims to strengthen the local bond market, promote access to long-term financing for businesses, and support the overall development of Cambodia's securities market. The MoU also officially launched the "Cambodia Sustainable Bonds Accelerator (CSBA Phase 3)," with the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Global Green Development Institute (GGGI) as members. The program will provide technical assistance to the issuance of green bonds, sustainability bonds, and sustainability-linked bonds to promote financing for projects aligned with Cambodia's climate priority plan and promote green, sustainable, and carbon-neutral projects in the future. The MoU will enable CASF-member securities companies to work directly with CGCC to study and evaluate potential issuance opportunities. (Source: Cambodia Investment Review)

Stock Market

CSX dips slightly as mixed performance seen across main and growth boards On 01 August 2025, the CSX Index edged down by 0.13% to close at 405.4 points. On the Main Board, GTI (+2.73%), PPAP (+1.18%), and PWSA (+0.32%) posted gains, while PEPC (-1.11%), PPSP (-0.94%), MJQE (-0.50%), and CGSM (-0.41%) recorded losses. PAS and ABC remained unchanged. On the Growth Board, both DBDE and JSL were unchanged. Total trading volume reached 170,733 shares, with a turnover of KHR 453 million. (Source: YSC Research)

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