Cambodian province woos Chinese investors
Cambodia wants to attract more Chinese investors to its Preah Sihanouk Province for high-quality development as it transforms the coastal region into a multipurpose special economic zone by 2038. “We want to attract investors from China and other (countries) to Preah Sihanouk … and make the province like Shenzhen that can drive industrialisation and innovation,” […]
CDC endorses 31 investment projects worth $226 million in October
In October alone, the Council for the Development of Cambodia (CDC) endorsed 31 investment projects with a total investment capital of $226 million, generating 16,000 job opportunities for the local people. The CDC pointed out in a press release made public this evening that ten of the investment projects are located in special economic zones […]
Cambodia’s agri exports rise 53% in nine months
Cambodia exported approximately 8.5 million tonnes of agricultural products in the first nine months of 2024, marking a 53 percent increase compared to the same period in 2023, said a senior official from the Ministry of Agriculture, Forestry and Fisheries (MAFF). Khim Finan, Undersecretary of State and a spokesman for MAFF, posted on social media […]
Wages jump up to 46% in 5 years
Salaries have increased in total by 12-46% over the last five years in the 20 sectors with the greatest employment, according to the Labor Ministry’s Ergani database. Employees working on a full-time contract receive 1,433 euros per month gross on average. In September 2,830,818 workers were employed with salary labor contracts (full- and part-time), with […]
Intership Navigation merges with Interorient Shipmanagement
The two shipping companies have formed a single entity called InterMaritime Shipmanagement Intership Navigation and Interorient Shipmanagement on Tuesday announced that they have merged to form InterMaritime Shipmanagement. The new entity, which will include Intership’s sister company Donnelly Tanker Management, will manage 170 vessels, offering comprehensive ship management services globally. Combining over 80 years of […]
Bank of Cyprus scores two prizes at HR awards
The Bank of Cyprus claimed two prestigious Gold Awards at Bousias’ Cyprus HR Awards for 2023, according to an announcement released on Tuesday. The bank was awarded ‘Best Change Management Strategy & Initiative’, as well as ‘Best Partnership with Educational Institutions, showcasing its innovative approach to internal engagement and staff development. The bank’s first Gold […]
Cyprus Central Bank outlines three-pillar strategy for 2025-2026
The Central Bank of Cyprus (CBC) has unveiled a new strategic framework for 2025-2026, built upon three pillars comprising specific actions aimed at institutional evolution, operational efficiency and modernisation. Central Bank Governor Christodoulos Patsalides, speaking at the “Credit Risk Management Conference – ESG Impact on Credit Risk: Navigating Through Challenges”, emphasised that rapidly changing economic, social, technological and […]
CDC promotes Cambodia’s investment potential among Japanese investors in Thailand
The Council for the Development of Cambodia (CDC) has promoted Cambodia’s investment potential and opportunities among Japanese businesspeople and investors through the “plus-one strategy” mechanism, at the Cambodia Investment Seminar as Thailand +1, held in Bangkok, Thailand late last week. Sun Chanthol, Deputy Prime Minister and the CDC’s First Vice President, raised Cambodia’s favourable investment […]
Cyprus observatory shortlisted for global architecture award
The National Observatory of Cyprus has been named a finalist at the 2024 World Architecture Festival in Singapore, competing against projects by leading firms including Zaha Hadid Architects and Foster + Partners. Designed by Cypriot practice Kyriakos Tsolakis Architects, the observatory in Agridia village will be presented in the ‘Completed Projects’ category by partner Elena K. Tsolakis […]
Cambodia, China strengthen digital economy cooperation
The 2024 China-Cambodia Digital Economy Cooperation Forum and the inauguration of the China-Cambodia Digital Economy Professional Association marked a significant milestone in deepening digital cooperation between the two nations. Held on Monday at the Sofitel Phnom Penh Phokeethra, the event brought together high-ranking Cambodian and Chinese officials, including Deputy Prime Minister Aun Pornmoniroth, who emphasized […]
German bilateral trade steady at $750M, tipped to grow
Diplomatic cooperation and bilateral trade between Cambodia and Germany are expected to see further advances, following an October 31 meeting between a German delegation and senior officials from the Council for the Development of Cambodia (CDC). In the first nine months of the year, trade between the two countries was over $780 million. The German […]
Siem Reap top tourist spot for Australians in 2025, says report
Siem Reap in Cambodia will be the most sought-after tourist destination for Australians next year, according to Skyscanner’s Travel Trends 2025 report quoted by SBS News recently. This surge in popularity is largely driven by the region’s rich culture, stunning temples, delicious food, diverse entertainment activities, and favourable weather, the report said. According to it, […]