By
B2B Asia News
on
This is a B2B Asia News Daily Update for 24 June 2026, reviewing regional and global markets, and covering the daily business news you shouldn’t miss.
Watch the video in English above.
- We start with a quick look at regional markets. Asian stocks struggled for direction on Wednesday while crude oil prices extended declines to hover near four-month lows.
- MSCI's broadest index of Asia-Pacific shares outside Japan, were up 0.4% after swinging gains and losses.
- South Korean shares, which plunged 10% on Tuesday, rallied 3.5%, while Japan's Nikkei 225 shed 0.4% and Taiwan stocks lost 1.9%.
- Zooming in on Cambodia’s market—the Cambodia Securities Exchange Index was up 1.49 points or 0.33% to 447.29.
- Total trade volume was up with 216,551 shares changing hands at a total value of 856 million riel or over $213,000 US dollars.
- On the main board, two stocks were up, led by CAMGSM while only one stock, Grand Twins International, was down.
- Over on the growth board, DBD Engineering was down, while JS Land and Picasso City Garden stayed flat.
- Shifting to the exchange rate, the Khmer riel to USD remained stable at 4,024 riel per US Dollar, while the US Dollar index hovered around 101.46.
- Moving on to global commodities, oil prices fell more than 1% on Wednesday, extending this week's losses to hit fresh four-month lows on signs that more oil tankers are set to move out of the Strait of Hormuz.
- Brent crude futures were down 1.8% at $75.71 US dollars a barrel. U.S.
- West Texas Intermediate slipped 1.5% to $72.13 US dollars. Brent touched a low of $75.60 US dollars, its weakest level since February 27, the day before the initial U.S.-Israeli strikes on Iran. WTI fell as low as $72.03 US dollars, the weakest since March 3. (0805 GMT)
- Gold fell below $4,100 US dollars an ounce, sliding toward seven-month lows as expectations of tighter U.S. Federal Reserve policy outweighed support from the interim US-Iran peace agreement, which helped ease inflation concerns. Spot gold fell 0.5% to $4,087.68 US dollars per ounce, reaching its lowest level since June 11. U.S. gold futures for August delivery dropped 1.1% to $4,105.40 US dollars per ounce. (0116 GMT)
Looking at the crypto market, Bitcoin gained 0.2% to $62,499 US dollars. Ether lost 0.2% to $1,658 US dollars.
- Moving on now to other business-related news,
- The Asian Development Bank (ADB) has approved a $63.44 million US dollar financing package to accelerate the integration of renewable energy into Cambodia’s power system, strengthen grid stability and energy security, and bolster cross-border power trade, according to a press release issued on June 24. The Utility-Scale Battery Energy Storage Project in Cambodia will support the construction of a 250-megawatt / 500-megawatt-hour battery energy storage system at the Takeo substation. The facility will store excess renewable energy and dispatch it back to the grid to manage peak loads and stabilise fluctuations.
- The Royal Academy of Cambodia (RAC) has signed a Memorandum of Understanding (MoU) with the Embassy of Cuba, representing two leading Cuban institutions to enhance academic cooperation and tourism human resource development. The MoU was signed in Phnom Penh on June 24 by the RAC President and the Ambassador of the Republic of Cuba to the Kingdom of Cambodia. Under the agreement, the two sides will cooperate in a range of areas, including the exchange of academic publications, research materials, and scientific experts; language training through faculty exchanges; collaboration in the agricultural sector; exchange visits for researchers, doctoral candidates, and academic delegations; development of joint research projects; identification of cooperation partners; and the organisation of workshops and conferences
- On June 24, at the Sokha Hotel, the Legal Reform Committee (LRC) and the Trade Policy Advisory Board (TPAB) co-organised a symposium on the “Preparation of Cambodia’s Commercial Code”. The event brought together all relevant stakeholders with the objective of reviewing and discussing: 1) the collection of inputs on the Legislative Need Assessment for the Drafting of Cambodia’s Commercial Code; 2) the determination of the scope of commercial relationships to be included in the Code (in defining its content); and 3) the identification of an appropriate drafting methodology that responds to practical needs.
Watch the 24 June 2026 Daily Update in Khmer below: