Eurobank Cyprus on Thursday announced the appointment of Andreas Petsas as its new Chief Executive Officer (CEO), following a decision by the bank’s board of directors. According to the announcement, the appointment was finalised during a meeting held on September 17, 2024, in Nicosia. Petsas, who has been with Eurobank Cyprus since 2007, most recently […]
While clearing rubble from a collapsed gate at the Banteay Prei Temple within Cambodia’s Angkor Wat Archaeological Park, workers stumbled upon a sandstone door guardian statue dating back 700 years. Archaeologists believe the statue may have been buried when the upper structure of the temple collapsed. Despite some notable damage, the statue, known as a dvarapala, was still in […]
PHNOM PENH: The Sihanoukville Autonomous Port (PAS), Cambodia’s primary deep-sea port covering approximately 125 hectares, has significantly expanded its container handling capacity with the official inauguration of a new 253-meter-long terminal. The ceremony was presided over by Hun Manet, Prime Minister of Cambodia, and H.E. Ueno Atsushi, Ambassador of Japan to Cambodia. H.E. Peng Ponea, […]
PHNOM PENH: Cambodian Prime Minister Hun Manet has announced that U.S. companies are poised to significantly increase their purchases of Cambodian rice for the American market. This revelation came during the closing ceremony of the 7th Cambodian Rice Forum in Phnom Penh. During a recent meeting, U.S. businesses expressed their keen interest in expanding their imports of Cambodian rice. Prime Minister […]
PHNOM EPHH: Cambodia has officially welcomed its tallest skyscraper, J-Tower 3. A joint venture between WH, led by Cambodian Duke Association member, Neak Oknha Ang Daneth, and Japan’s Tanichu Group, the 320-meter condominium tower is set to redefine the Phnom Penh skyline. Towering over 100 meters above its nearest competitor, J-Tower 3 is the result of […]
PHNOM PENH: Cambodia has taken the top spot on fDi Intelligence’s list of the most attractive emerging markets for investment in 2024, according to a December 2023 report. Meanwhile, the southeast Asian nation is expected to see the strongest growth in foreign direct investment (FDI) this year, driven by a projected GDP growth of 6.1%, up from 5.6% in […]
PHNOM PENH: Cambodia’s economy has consistently demonstrated remarkable growth, averaging 7% annually in the decade preceding the COVID-19 pandemic. Despite global challenges, the country’s economy is projected to expand by 5.2% in 2023, solidifying its position as a dynamic investment destination (General Department of Public-Private Partnerships, GDPPP) . The Cambodian government has created a business-friendly […]
PHNOM PENH: Pursat has become an unexpected investment hotspot. Pursat province, once considered an unlikely candidate for large-scale investment, is rapidly transforming into a key economic hub for Cambodia. The province has recently attracted significant attention from both domestic and international investors. On July 8th, 2024, a high-level government delegation inspected a proposed 140-hectare special economic zone in Krakor […]
A Thai delegation composed of representatives of the Board of Investment of Thailand, the Thai Business Council, and investors from 20 companies is visiting Cambodia to learn more about the Kingdom’s investment environment and explore opportunities for further business cooperation between the two countries. Kem Sithan, Acting Minister of Commerce, received the Thai delegation at […]
Cambodia is experiencing a significant surge in the adoption of electric vehicles (EVs) with a total of 3,676 units of electric cars, electric scooters and electric three-wheelers registered as of August 2024, said Peng Ponea, Minister of Public Works and Transport. The minister made this announcement during a dissemination workshop on National Policy on EV […]
Cambodia is experiencing a ‘flurry of overseas investment interest’ in 2024 signifying a positive outlook for the economy in coming periods, says a business development firm, Aquarii BD Cambodia’s latest investor’s prospectus report. According to Michael Tan, founder and CEO of Aquarii BD Cambodia, “We are witnessing a clear upward trajectory in Cambodia’s investment climate.” […]
Fresh off the welcome upsurge in tourist arrivals, authorities in Kampot revealed ambitious new infrastructure projects to woo more tourists. On Tuesday, Kampot Provincial Governor Mao Thunin announced plans for the largest ship with a restaurant on top as well as a beach in front of the international tourist port, among other mega projects. The […]
Melco Resorts & Entertainment, developer and operator of City of Dreams Mediterranean, on Tuesday evening hosted an event to promote Macao’s status as a travel, leisure, and business destination. The event, the second in a series of ‘Glow Your Way to Macao’ gatherings hosted by Melco, was attended by officials from Cyprus, the Macao Special […]
Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday. In a statement, the bank said that the meeting “marked a significant milestone as it transitions into a new era”, saying that “the meeting was held in an optimistic atmosphere”. In his address, group […]
The Limassol Marina on Wednesday announced that it is celebrating its tenth anniversary through a number of special events. Since its launch, Limassol Marina has established itself as an award-winning, world-class destination, blending luxurious seaside living with vibrant commercial and cultural life. As part of its anniversary celebrations, six well-chosen events are scheduled to reflect […]
Siem Reap, Cambodia — The centuries-old temples of Cambodia’s famed Angkor Wat played host to a parade of Rolls-Royces, Ferraris and Lamborghinis Tuesday, although drivers were banned from revving their supercharged engines. The event was intended to promote the environmentally sensitive Unesco-listed World Heritage site, where the ruins of the Khmer empire’s greatest monuments are […]