Cambodia’s famed Angkor Archaeological Park attracted 235,850 foreign visitors in the first two months of 2024, up 50 percent from 156,951 in the same period last year. The ancient site made $11.2 million in revenue from ticket sales during the January-February period this year, also up 52 percent from $7.38 million in the same period […]
Cambodia registered 604 new electric vehicles (EVs) in 2023, bringing the total number to 1,335 in the Southeast Asian country, said a report from the Ministry of Public Works and Transport on Friday. EVs have gained momentum in Cambodia in recent years, the report said, adding that the kingdom logged only five EVs in 2020 […]
A Japanese company has decided to invest more than $1 million in the construction of an additional cashew processing plant in Kampong Thom province to increase exports to foreign markets. Touch BunHour, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries, spoke of the Japanese investment at a ceremony on Wednesday February 28 […]
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries hit $2.74 billion in January, an increase of 21.2 percent year on year, said a Ministry of Commerce report on Thursday. The report said Cambodia’s total trade volume with other RCEP members accounted for 67.6 percent of the Southeast Asian country’s total trade of […]
The state-owned Sihanoukville Autonomous Port (PAS), Cambodia’s largest shipping facility, saw a 6.35 percent rise in container volume in 2023, said its report released on Friday. The seaport handled 797,778 20-foot-equivalent units, or TEUs (standard-sized containers), last year, up 6.35 percent from 750,148 TEUs a year earlier, the report said. It added that containerized cargo […]
The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first call of a grant scheme that seeks to boost new business activity. Specifically, according to the announcement, the complete execution of the projects included in the plan should […]
Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, with RES accounting for an average of 24.8 per cent of energy used for heating and cooling in the EU. This marked a notable increase of 1.8 […]
The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place with the presence of CBC governor Constantinos Herodotou and BoG governor Yiannis Stournaras. Speaking after the signing of the memorandum, Stournaras stated that “the signing of the cooperation memorandum today […]
The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism and hospitality sectors. The event, which was held in Limassol on Thursday evening, was attended by Deputy Minister of Tourism Kostas Koumis, who highlighted the ongoing efforts to […]
The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 per cent expansion in 2022. Looking ahead to the years 2024-2026, the CBC projects GDP growth rates of 2.6 per cent, 3.1 per cent, […]
The Central Bank of Cyprus (CBC) said it expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively. CBC Governor Constantinos Herodotou has stressed that “the implementation of reforms and the emphasis on sustainable growth […]
The Cambodia-Laos-Vietnam (CLV) Trade, Investment and Tourism Fair, taking place in Laos’ southern Attapeu province from Monday to Friday, got off to a fun start with a colourful concert that portrayed the artistic talents of the three countries. The fair aims to bolster cooperation in trade, investment and tourism in the Development Triangle Area, broaden […]
Wing Bank, WingCommerce, Amru Rice (Cambodia) Co., Ltd, and Cambodia Agricultural Cooperative have formed a strategic collaboration to enhance rice production and promote sustainable agriculture in Cambodia. A Memorandum of Understanding (MoU) on the collaboration was inked during the 4th Sustainable Agriculture Summit in Phnom Penh on Feb. 28. Under the MoU, agricultural cooperative members […]
Emirates airline will restart its daily service to Phnom Penh starting from May 1 via Singapore, boosting the airline’s Southeast Asian connectivity to and from Dubai, and linking two trade and leisure centres in the region. “The resumption of our Phnom Penh services demonstrates our commitment to strengthening our Southeast Asian network, as we continue […]
In-depth Discussion on the Cambodia Malaysia Business Forum 2024 with Malaysian Business Chamber in Cambodia President Oknha Tan Khee Meng Khmer Times: Welcome, Oknha Tan Khee Meng. The recent Cambodia Malaysia Business Forum 2024, held on February 27th in Kuala Lumpur, has garnered significant attention. Having the Cambodian Prime Minister, Samdech Thipadei Hun Manet, preside […]
The Royal Government of Cambodia (RGC) assured the American companies keen on investing in the Kingdom to work closely with the Council for the Development of Cambodia (CDC) through the Qualified Investment Project Registration (QIP Online), an online platform created to enable investors to submit investment proposals. The assurance was given by Sun Chanthol, Deputy […]