INTERNATIONAL: National bank of Cambodia Daily Exchange Rate is 4,103 KHR to the USD$
The CSX Index is currently at 471.23 Points down 1.01 Points or 0.21%
The Cambodian Investment Committee of the Council for the Development of Cambodia has decided to issue 4 investment project registration certificates.
1. Footwear factory of $5.6 million US dollars and provide 1,328 jobs.
2. Production of furniture and wooden decoration materials, which is located in Sihanoukville, with an investment of $3.9 million US dollars and about 250 jobs.
3. A sofa factory, which is located in the Sihanoukville, with an investment of $1 million US dollars and 400 jobs.
4. A factory to produce all kinds of packaging materials, located Sihanoukville, with an investment of $6.5 million US and 830 jobs created.
Asian shares were left in limbo on Friday while the U.S. dollar made all the running as recession clouds gathered over Europe and highlighted the relative outperformance of the U.S. economy.
Asia-Pacific shares outside Japan (.MIAPJ0000PUS) ease 0.1%, to be down 1% on the week.
Stimulus hopes kept Chinese blue chips (.CSI300) flat, while South Korea (.KS11) lost 0.4%. Japan's Nikkei (.N225) held steady, helped in part by a renewed slide in the yen.
S&P 500 futures eased 0.2% and were little changed on the week having repeatedly failed to clear the 200-day moving average, while Nasdaq futures slipped 0.2%.
EUROSTOXX 50 futures dipped 0.2%, while FTSE futures edged up 0.2%.
The gloomy economic outlook has seen the euro drop 1.7% so far this week to $1.0070 and back toward its July nadir at $0.9950.
The dollar has also gained 2.0% on the yen this week to reach 136.38 , the highest since late July. Against a basket of currencies it was up 1.9% for the week to 107.66.
Sterling was another casualty, losing 1.8% for the week to $1.1917 . Investors fear inflation in Britain at a stratospheric 10.1% will lead the Bank of England (BoE) to keep hiking and actually force a recession.
The rise in the dollar has been a headwind for gold which has shed 2.4% on the week so far to $1,758 an ounce.
Oil prices were a little steadier on Friday, but still down on the week with Brent having touched it’s lowest since February at one point on concerns about demand.
Brent was down 45 cents to $96.18, while U.S. crude fell 38 cents to $90.12 per barrel.
