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B2B Asia News
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This is a B2B Asia News Daily Update for 29 May 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 stock markets surged and oil prices receded on Friday, boosted by optimism that the United States and Iran will reach a deal to end their war that has hobbled global energy supplies.
- Seoul led the charge in Asia, surging 3.6 per cent while Tokyo's Nikkei closed at a record high.
- Taipei and Hong Kong also saw healthy gains, while Shanghai lost 0.7 per cent on the day.
- Zooming in on Cambodia’s market—the Cambodia Securities Exchange Index was up 0.41 points or 0.1% to 431.91.
- Total trade volume was up with 172,283 shares changing hands at a total value of 1.06 billion riel or nearly $265,000 US dollars.
- On the main board, two stocks were up, led by Grand Twins International, while only one stock, Pestech Cambodia, was down.
- Over on the growth board, DBD Engineering was up, while JS Land and Picasso City Garden were down.
- Shifting to the exchange rate, the Khmer riel to USD strengthened slightly to 4,026 riel per US Dollar, while the US Dollar index hovered around 99.10.
- Moving on to global commodities, oil futures steadied on Friday but were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement on a potential ceasefire extension.
- Brent crude futures for July were down 0.3% at $94.05 US dollars a barrel.
- U.S. oil futures were steady at $88.89 US dollars. Both had fallen more than 1% earlier in the session. (0810 GMT)
- Gold prices were headed for a third consecutive monthly loss on Friday as the U.S.-Israeli war on Iran heightened concerns over inflation and the prospect of further U.S. rate hikes.
- Spot gold was up 0.6% at $4,518.57 US dollars per ounce, as investors assessed reports of an extension to the U.S.-Iran ceasefire.
- Bullion fell to a two-month low of $4,365.76 US dollars on Thursday, but closed higher.
- U.S. gold futures for August delivery inched 0.4% higher to $4,549.10 US dollars. (0807 GMT)
- Looking at the crypto market, Bitcoin was trading around $73,500 US dollars, roughly 10% below its recent highs, as on-chain data shows record long-term holder supply that may signal weak market turnover rather than strong conviction.
- Moving on now to other business-related news:
- South Korean automotive supplier Yura Harness Cambodia is planning to expand its investment in Cambodia as the Kingdom continues efforts to position itself as a regional hub for automotive parts manufacturing. The expansion plan was discussed during a meeting on May 28 between H.E. Chea Vuthy, Secretary General of the Cambodia Investment Board at the Council for the Development of Cambodia (CDC), and a delegation from Yura Harness Cambodia led by its Chief Executive Officer, DooYeun Lee. Yura Harness Cambodia, a Republic of Korea-based company specialising in automotive wiring harness production, has operated in Cambodia since 2022 and currently employs around 1,100 workers.
- On May 28, 2026, the Minister of Labour and Vocational Training, H.E. Heng Sour, chaired the 4th Meeting of the Signatory Parties to the Better Factories Cambodia (BFC) Project 2023–2027. Attended by representatives from the Ministry of Commerce, TAFTAC, the ILO, and trade unions, the meeting focused on reviewing current progress, strengthening cooperation, and planning for the 2028–2032 MoU. The signatories highly valued the project’s achievements and reaffirmed their commitment to future priorities, including improving working conditions, promoting occupational safety and health, ensuring freedom of association, enhancing social security, fostering social dialogue, and advancing digital wage payments.
- Her Excellency Nin Saphon, Chairwoman of the National Assembly’s 9th Commission, led a legislative delegation on May 28 to attend high-level talks with a delegation from the Ministry of Mines and Energy headed by Minister Keo Rottanak to review Cambodia’s energy strategy. The meeting aimed to assess progress, challenges, outcomes, and the effectiveness of law implementation in the mining, energy, and petroleum sectors. Discussions focused on key issues in the electricity sector, including ensuring affordable, reasonable, sufficient, and stable electricity supply; expanding access for industrial, agricultural, and residential sectors; and extending the electricity grid to remote rural areas. The meeting also highlighted the promotion of renewable energy, energy efficiency programmes to achieve net-zero carbon emissions, and the exploration and reopening of oil wells.
Watch the 29 May 2026 Daily Update in Khmer below: