Plans are underway for a €50 million mixed-use development project, “Hyperion Limassol,” at Limassol’s historic Old Port. The project’s centrepiece will be a 36-cabin observation wheel, similar to the London Eye, offering panoramic views from an estimated height of 147 meters above sea level. The project will be constructed on land created by reclaiming the […]
Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. Thailand was the biggest tourism market for the Kingdom during the period with 588,312 visits from the neighbouring country, though it constituted a year-on-year […]
Prime Minister Hun Manet yesterday called for acceleration of modernisation of Phnom Penh city with the latest technologies, modern and smart devices including security cameras, solar panels and automatic irrigation systems in public parks. He told the Phnom Penh Municipal Administration (PPMA) that the capital city must enhance the city’s beauty and attractiveness and aspire […]
Prime Minister Hun Manet said yesterday that the Cambodian economy will grow in 2024 and achieve even higher growth in 2025, with all sectors showing fast recovery. Mr Hun Manet was speaking during the groundbreaking ceremony for the construction of the twin flyovers at Samdech Techo Hun Sen Blvd, on the border between Phnom Penh […]
Cambodia reported more than 2.5 million air travelers during the first five months of 2024, a year-on-year increase of 22 percent, Mao Havannall, minister in charge of the State Secretariat of Civil Aviation, said on Sunday. He said thirty-one international and domestic airlines have operated flights to the kingdom’s three international airports. Havannall added that […]
Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. Mr Hun Sen said this when he received a courtesy visit from Shaharuddin Onn, […]
Germany has opened an Honorary Consulate in Siem Reap province to promote cooperation with Cambodia. Ambassador of Germany to Cambodia Stefan Messerer, and Deputy Governor of Siem Reap province Yun Linne, co-presided over the inauguration ceremony of the Honorary German Consulate in Siem Reap City on Monday. Linne said that Siem Reap authorities pledged at […]
The Online Business Registration (OBR) service, an information technology nursery of the Ministry of Economy and Finance (MEF), approved 36,509 applications worth 46 trillion riels ($11.13 billion) in four years, of which 38 percent of the commercial owned by women, said a MEF release. Celebrating the fourth anniversary of the OBR service on Sunday, the […]
Cyprus experienced an increase of 9.4 per cent in beer sales in May, compared to the same month of the previous year, reaching 4,682,575 litres in total, a result of a rise in domestic demand, according to the Cyprus Statistical Service (Cystat). According to the Cystat report, which was released on Monday, beer sales intended […]
Cyprus on Saturday welcomed an upgrade to the economy by ratings agency Standard & Poor’s, who updated long-term ratings to ‘BBB+’ from ‘BBB’. The agency also assigned a positive outlook and affirmed the short-term rating at ‘A-2’. Following the upgrade, President Nikos Christodoulides said: “It is the 5th in a row since taking over the governance […]
The occupancy rate of the aircraft arriving in Cyprus last month reached around 85 per cent and is on the rise as peak season approaches, Hermes Airports said on Friday. Director of Aviation Development and Communication Maria Kouroupi told CNA that currently, around 41,000 passengers arrive or depart from Larnaca and Paphos airports. “The summer […]
Here are the top business stories in Cyprus from the week starting June 10: President of the Famagusta Hoteliers Association (Pasyxe), Panayiotis Constantinou, remains cautiously optimistic about the future of tourist bookings in the Famagusta district, despite the challenging circumstances currently plaguing the tourism industry. Speaking to the Cyprus News Agency (CNA), Constantinou explained that […]
In April, the Royal Government of Cambodia collected 2,090 billion riels ($508 million) in revenue, which is equivalent to 7.15 percent of the 2024 annual budget expectation, as per data published by the Ministry of Economy and Finance. Cambodia’s April revenue of 2,090 billion riels ($508 million) came 88 percent from tax, 0.8 percent from […]
Robert Bosch GmbH, a parent company of Bosch Cambodia Co Ltd and a world-leading engineering and technology firm headquartered in Germany, agreed to send a regional envoy to examine the possibilities of opening its factory in the Kingdom. The commitment was made on Thursday during the meeting between Sun Chanthol, Deputy Prime Minister and First […]
Cambodia Angkor Air, the national flag carrier, launched its first direct flight between Phnom Penh and New Delhi yesterday, enhancing connectivity and air transport between the two nations. An event was held on June 16 at the VIP Terminal of Phnom Penh International Airport, under the presidency of Neth Savoeun, Deputy Prime Minister and Chairman […]
Over the past five years, 275,000 individuals participated in 30,500 training programmes by the Human Resource Development Authority of Cyprus (Anad), with a total expenditure of €102.3 million, according to chairman Demetris Kittenis. Speaking during a press conference marking the authority’s 45th anniversary, Kittenis highlighted Anad’s dedication to enhancing Cyprus’ economy by upgrading workforce skills […]