Cyprus’ adoption of the 15 per cent minimum tax for multinationals entails both challenges and opportunities, according to Stelios Violaris, Tax Advisory Services Partner at PwC Cyprus. Violaris also highlighted the fact that approving the new law is beneficial to Cyprus’ image, helping to attract new multinational groups, while also generating more tax revenue for the state. The […]
The newly-built Dara Sakor International Airport in southwest Cambodia’s Koh Kong province is set to begin operations for domestic charter flights next week, a civil aviation spokesperson said on Friday. Cambodian State Secretariat of Civil Aviation (SSCA)’s Undersecretary of State and Spokesperson Sinn Chanserey Vutha said the first domestic test flight will be held between […]
According to a report released on Dec. 20, the Council for the Development of Cambodia (CDC) approved 414 investment projects in 2024, up 54 per cent from 268 projects last year. The report added that the approved investment projects had a total investment capital of $6,900 million, up 40 per cent from $4,927 million in […]
The Ministry of Agriculture, Forestry and Fisheries (MAFF) will continue to collaborate with the Food and Agriculture Organisation (FAO) next year to implement the Agricultural Development Linking Investment to Trade (CAFE-2025) programme. Promoting investment in Cambodia’s agricultural sector to the international market and investment in Cambodia’s potential agricultural products with effective efficiency. In a working […]
Cambodian Senate President Hun Sen announced that Japanese ships would be the first to dock at Ream Port upon its completion. On Friday (Dec. 20), Hun Sen received a courtesy call from Akiba Takeo, the National Security Advisor of Japan, at the Senate. On the occasion, Akiba Takeo expressed his deep respect and gratitude to […]
Canada will upgrade its current Office in Phnom Penh to a full embassy with a resident Ambassador, in line with Prime Minister Trudeau’s recent announcement at the 2024 ASEAN Leader’s Summit in Vientiane. According to the Ministry of Foreign Affairs and International Cooperation, the good news was made known through a diplomatic note handed over […]
Prime Minister Hun Manet and also the President of the Council for the Development of Cambodia (CDC), chaired the first meeting at the Peace Palace of the CDC of the 7th mandate this morning. The Council for the Development of Cambodia was established on August 5, 1994, with the mission of attracting investment to Cambodia. […]
Bilateral trade volume between Cambodia and South Korea reached $762 million in 2024, an increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce (MoC), released yesterday. The report said that Cambodia’s exports totaled $288 million in 2024, while imports from Korea were worth $474 million. Cambodia […]
Cambodia exported garments, footwear, and travel goods worth $12.22 billion during the first 11 months of 2024, up 24.9 per centyear over year, according to a report from the Ministry of Commerce on Thursday. The report said that this year’s cited period, garments worth $8.94 billion were exported, an increase of 25.8 per cent year […]
An official report released on Thursday said Cambodia’s trade volume with its fellow ASEAN member states hit $14.3 billion in the first 11 months of 2024, up 12.8 per cent from $12.68 billion over the same period last year. The kingdom exported products worth $4.62 billion to other countries of the Association of Southeast Asian […]
Cypriot agency recognised for promoting investment in Mediterranean region Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Launched in 2006 within the framework of the Barcelona Process-Euromed partnership, ANIMA has grown into a network of 70 member organisations across 20 countries. It has a team […]
According to a report from the Ministry of Agriculture, Forestry and Fisheries, as of the end of 2024, the number of pink dolphins has increased to 70 in the Prek Thnaot fishing community in Kampot Province, Cambodia. The Prek Thnaot Fishing Community, located in Prek Thnaot Sangkat, Bokor City, Kampot Province, is working hard to […]
Krabey is a drop-in-the-ocean private island just a sneeze away from the Cambodian coastal city of Sihanoukville. With a large Chinese population and a pandemic-hit smatter of unfinished buildings, the city itself is pricey but with great food and markets But the real draw is discovering the tropical and unspoilt beaches and jungle flora and fauna on […]
The Cabinet this week approved measures to expand labour market access for students and attract skilled professionals from abroad. These initiatives aim to address growing employment demands and boost economic growth, Labour Minister Yiannis Panayiotou announced on Tuesday. Following the cabinet meeting, Panayiotou said that “the council of ministers discussed the positive developments in the […]
Sebastian von Hardenberg to take over in January Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, on Thursday announced that CEO Ian Beveridge will step down on January 1, 2025. According to the announcement, Sebastian von Hardenberg, the company’s current CFO, will take over as CEO. Beveridge will remain CEO of the […]
EmissionLink, a Columbia Group company, is simplifying emissions management with advanced solutions to meet the upcoming FuelEU Maritime regulations, effective from January 2025. According to a statement by the company, these innovative measures aim to help maritime operators navigate the added complexities that FuelEU will bring to daily operations. Building on insights from the successful […]