China-based tyre manufacturer Shouguang Firemax Tyre Co., Ltd., has made plans to invest in a radial tire production facility in Cambodia, according to recent Chinese media reports. The overseas expansion project has been initially valued at $190 million. Once operational, the company’s new Cambodian-based facility is expected to boast an annual capacity to manufacture 8 […]
Cambodia’s efforts to get back the Generalized System of Preferences (GSP) concessional trade status, given by the US to select countries, are yet to succeed but W. Patrick Murphy, the US Ambassador to the Kingdom, recently indicated that he supported the initiative. During a meeting with Bin Trachhey, Minister of Planning, on Tuesday, Murphy reportedly […]
The Green Climate Fund (GCF) has approved the Cambodian Climate Financing Facility (CCFF) during its 38th board meeting in Rwanda. This initiative, with concessional funding of $100 million, aims to support Cambodia’s transition towards a green economy. The CCFF is a $100 million loan facility strategically designed to provide long-term concessional financing to sustainable private […]
Training and financial literacy will be keystones to improving insurance penetration in Cambodia in the next five years, said the Insurance Regulator of Cambodia (IRC). Towards this end, the IRC is planning to set up the National School of Insurance in the Kingdom, officials from IRC said at an event on Tuesday. Insurance penetration in […]
Aegean Airlines has secured another slot at London’s Heathrow airport and is adding to its schedule a fourth daily flight from Athens to the UK’s busiest international hub, it said on Tuesday. The new flight will operate every day throughout the year except on Saturdays, leaving Athens at 4 p.m. local time and London/Heathrow at […]
In a proposal during a European Union Council of Transport, Telecommunications and Energy on Tuesday, Cyprus’ Minister of Energy, Commerce and Industry George Papanastasiou urged the establishment of an EU “solar bank” to finance the solar sector. The suggestion was made during a working lunch addressing the status of the EU solar energy industry and the […]
The Cyprus Computer Society (CCS) on Wednesday announced the Future Startup Founders programme launch, designed exclusively for aspiring female entrepreneurs. According to the announcement, this initiative falls under the Startup Founders pillar of the Erasmus+ EU co-funded project Femme Forward, to foster innovation and empower women in the tech startup landscape. The Future Startup Founders programme is a […]
The Great Britain-Cyprus Business Association held a conference on Tuesday evening which put the spotlight on Larnaca’s potential as a key investment destination. The event, titled “A Hidden Gem in the Mediterranean,” sought to cast the spotlight on Zenon’s city as a flourishing hub for both local and international investors. Savvas Kyriakides, the founder and President of the […]
Cyprus’ Finance Minister Makis Keravnos met with the chairman of Greece’s Independent Power Transmission Operator (Ipto) Manousos Manousakis, according to an announcement released on Tuesday evening. The announcement said that an Ipto delegation accompanied Manousakis. The meeting, which took place on Tuesday at the Ministry of Finance in Nicosia, involved a discussion on a number of […]
Hellenic Bank supported the recently-held Capital Link Cyprus Shipping Forum The 7th Annual Capital Link Cyprus Shipping Forum, which took place in February, saw a number of optimistic messages being conveyed regarding the global and Cypriot shipping industry, amidst a period of intense uncertainty for the international economy. The event, which was held with the […]
Cyprus’ Industrial Business Cycle Index for the month of December 2023 reached 180.1 units, with 2015 being the base year, marking a 0.3 per cent increase compared to December 2022. According to a report released this week by the Cyprus Statistical Service (Cystat), covering the period from January to December 2023, the index exhibited a notable […]
The Royal Government of Cambodia (RGC) spent about $3.85 billion by the end of last year to boost the development of northeast part of the country aimed at connecting economic flow with the triangle development area between the three neighbouring countries – Cambodia-Laos-Vietnam – through the construction of various infrastructures, industrial parks and economic centres. […]
Melbourne, Australia: Australian Prime Minister Anthony Albanese commended Cambodia for its resilience and continued progress, acknowledging the country’s triumph over the tribulations of its past. This praise came during a bilateral meeting with Cambodian Prime Minister Hun Manet on March 5, 2024, amid the ASEAN-Australia Special Summit held in Melbourne, Australia. Albanese reminisced about the […]
Melbourne, Australia: The Cambodia Chamber of Commerce (CCC) and the Victorian Chamber of Commerce and Industry (VCCI) inked a Memorandum of Understanding (MoU) on business collaboration today. This agreement aims to strengthen trade, investment, and economic cooperation between Cambodia and Victoria, Australia. The signing was witnessed by Cambodian Prime Minister Hun Manet during the Australia-Cambodia […]
In an era where the skylines of cities around the globe are rapidly transforming, certain projects stand out not just for their height but for their ability to redefine urban landscapes through innovative design. Among these, the Limassol Del Mar, a collaborative venture between UDS Architects, a leading Cypriot architecture firm, and the multi-award-winning international […]
As the summer season approaches, Cyprus airports are bustling with over 3,000 workers daily, employed by the numerous companies operating within the airport facilities, according to an announcement released on Tuesday by Hermes Airports. Anticipating a significant increase, Cyprus’ airports are gearing up to accommodate over 5,000 employees, encompassing both permanent and seasonal staff. With […]