Environment Ministry to Host Seedling Promotion and Distribution Exhibition in July | Prime Minister Celebrates Arrival of First AirAsia Cambodia Aircraft in Phnom Penh | Cambodia Reaffirms Commitment to Ottawa Convention on Landmines | Phnom Penh Gears Up for Its First Major Car Show at The Premier Centre Sen Sok |

FINANCE Tuesday 9th August

PHNOM PENH: National bank of Cambodia Daily Exchange Rate is 4,103 KHR to the USD$.

The CSX Index is currently at 471.91Points up .06 Points or 0.13%.

Ministry of Agriculture, Forestry and Fisheries (MAFF) and the Cambodia (Xiamen) Commercial Centre have signed a Memorandum of Understanding (MoU) to export bird's nest to China.

The market price of fresh bird nest ranges from US$700 to US$900 per kilogram and the processed products values between US$1,500 and US$2,000 per kilogram.

According to the ministry's latest report, there are currently 872 bird's nest farms in Cambodia that can produce between 1 and 1.5 tonnes of the product per month.

Asian shares eked out modest gains on Tuesday as buyers were held back by persistent global cost pressures, with investors turning their focus this week to U.S. inflation data and the prospects for further aggressive Federal Reserve rate hikes.

European markets were set for a lower open with the pan-region Euro Stoxx 50 futures down 0.16%, German DAX futures dropping 0.16% and FTSE futures falling 0.12%. U.S. stock futures, the S&P 500 e-minis, rose 0.22%.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.3%. The index is up 0.5% so far this month.

Japan's Nikkei (.N225) slid 0.95%, hit by weak quarterly earnings by heavyweights and lowered expectations for the video game market, while Australian shares (.AXJO) were up 0.06%.

China's blue-chip CSI300 index (.CSI300) was up 0.16%. Hong Kong's Hang Seng index (.HIS) advanced 0.4%.

The Dow Jones Industrial Average (.DJI) rose 0.09% while the S&P 500 (.SPX) lost 0.12% and the Nasdaq Composite (.IXIC) dropped 0.1%.

U.S. crude dipped 0.11% to $90.66 a barrel. Brent crude fell to $96.51 per barrel.

The rise in the dollar was a setback for gold, though it had managed to bounce from the lows hit on Friday and was traded at $1,785.67 per ounce.

Bitcoin is steady to at $23,878.78.


Related News