Driving the Future: ASEAN’s EV Ambitions Powered by Semiconductor Integration
The rise of electric vehicles (EVs) is transforming the global automotive industry, driving an unprecedented demand for high-performance semiconductors. As ASEAN positions itself as a regional hub for EV production and battery manufacturing, it faces a strategic opportunity: integrating its expanding semiconductor capacity with the EV value chain to establish the region as a cornerstone […]
Foreign buying frenzy hits Cyprus
Data furnished recently by the government lends weight to the notion that the purchase of real estate by foreigners continues on an upward trajectory, with some speculating that it’s driving up property prices – especially in places like Limassol. Greeks, Russians, Brits, Israelis and Chinese buyers feature heavily on the property market. The information was […]
Nimul calls for more Korean investment in key sectors
Synopsis: According to official data, trade between Cambodia and Korea in first five months reached over $362 million, up 11% compared to the same period last year. Minister of Commerce Cham Nimul Friday encouraged Korean investors to invest and do more business, especially in potential sectors such as modern agriculture, food processing industry, automotive, electronics, […]
PM says Cambodia offers ample investment opportunities
Synopsis: Mr Hun Manet hoped that investors will continue to invest in the Kingdom and that those who have just come to seek investment opportunities can choose to invest and connect production chains between Cambodia and other countries across the world. Prime Minister Hun Manet Friday urged Chinese, local, and international investors, particularly new foreign […]
India’s drone power lands in Cyprus
Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island. The company’s billionaire founder, Alok Sharma, is looking to make Cyprus a launchpad for expanding into European and Middle Eastern markets. Sharma, who heads India’s leading drone training and services company based in […]
Larnaca gets realty buyers’ attention
Larnaca is quickly becoming one of Cyprus’ hottest property markets, with demand and prices for newly built homes climbing sharply in early 2025. According to data from Landbank Analytics, Larnaca saw the second-highest increase in average sale prices for new houses in the first quarter of the year. Prices jumped by over 21% year-on-year, rising […]
A French classic that captures the taste of summer
There’s something deeply romantic about a bowl of ripe cherries – glossy, crimson and bursting with juice. But in the hands of a French country cook, they become something even more poetic: clafoutis. This baked custard dessert, somewhere between a flan and a pancake, is one of France’s most quietly beloved dishes – and when cherries are […]
Cera gives green light for electricity storage facilities
The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday. The request was submitted after parliament passed a harmonisation bill submitted by the government. Cera’s decision allows the TSO to temporarily own, develop, manage and operate energy storage facilities. The decision provides […]
Global cloud spending rises to $90.9 billion in first quarter
AI drives strong growth in cloud infrastructure market Global spending on cloud infrastructure services reached $90.9 billion in the first quarter of 2025, according to estimates by industry analysts Canalys. The company reported that this represents a 21 per cent increase compared to the same period in 2024. Enterprises have recognised that deploying AI applications […]
Invest Cyprus hails new drone hub project by Indian company
Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the island, described the move as a significant step in strengthening economic ties between Cyprus and India. The Indian company, which specialises in drone technology and training and is listed on NSE […]
