US Tariff Pressure on Cambodia: The Trump administration proposed new Section 301 tariffs of 10% or 12.5% on imports from 60 economies, naming Cambodia among those facing 10% duties over alleged forced-labour failures, with a separate textile mechanism also floated. Digital Payments for Tourism and Trade: NPCI International, with ACLEDA Bank, launched cross-border UPI acceptance in Cambodia via KHQR, letting Indian travellers pay at 4.5 million+ merchant outlets and setting up two-way interoperability. Solar Power Breakthrough: Cambodia’s utility-scale solar has surpassed its 2030 and 2035 PDP targets early, with solar now supplying over 10% of generation and more capacity expected in 2026. Non-Bank Finance Planning: Cambodia’s Non-Bank Financial Services Authority reviewed completion of a technical assistance phase to produce a macroeconomic outlook and development report for the non-bank sector. Maritime Dispute, Energy Stakes: Cambodia invoked UNCLOS “compulsory conciliation” against Thailand to resolve a Gulf of Thailand boundary fight tied to an estimated $300bn in oil and gas, while Thailand said it is ready for UN-backed mediation. Border Land Rules: Takeo’s governor ordered a strict ban on leasing border farmland to foreign nationals, aiming to protect local control while infrastructure projects continue.