Cambodia approved fixed-asset investment projects worth $1.39 billion in the first two months of 2024, a significant rise of about 500 percent compared to the same period last year, a Council for the Development of Cambodia (CDC)’s report said on Sunday. Some $545 million, or 39 percent of the total investment capital, was from China […]
Cambodia is committed to connecting the entire country through the 5G network in the near future as the government is pushing for the adoption of the new technology. Chea Vandeth, Minister of Posts and Telecommunication, said this at the First Digital Government Forum and Digital Technology Expo at Diamond Island Convention and Exhibition Centre on […]
Cambodia’s international trade recorded a growth of 19.2 percent in the first two months of this year compared to the same period last year and reached $8.12 billion. While exports surged 22.7 percent to reach $3.98 billion, imports grew by 16.1 percent to reach $4.13 billion, according to the trade data released by the General […]
The Council for the Development of Cambodia (CDC) and Vietnam-Cambodia Business Association (VCBA) discussed ways to strengthen cooperation in the promotion of the Kingdom’s potential sectors especially the agriculture industry – rice and rubber – to Vietnamese businessmen to attract more investments, contributing to the development of the agribusiness. Sun Chanthol, Deputy Prime Minister and […]
Cambodia exported 90,153 tonnes of milled rice to international markets in the first two months of 2024, a decline of 7.2 percent from 97,153 tonnes during the same period last year, according to a report from the Cambodia Rice Federation. The country earned $65.4 million from the rice export during the January-February period, a year-on-year […]
Vehicle registrations increased by 45.0% in January-February 2024, according to the CySTAT report ‘Registration of Motor Vehicles’ for the period January-February 2024. In the meantime, the share of electric vehicles has reached 3.1% and of hybrid cars 36.3%. In February 2024 alone, the total registrations of motor vehicles reached 4,346, marking an impressive increase of […]
Cyprus recorded a surplus of €455.9 million, equivalent to 1.4% of its Gross Domestic Product (GDP), according the preliminary fiscal results released by CySTAT. This represents an increase from the surplus of €368.6 million, or 1.2% of GDP, registered during the same month in 2023. Revenue increased at a faster pace than expenditure in January […]
The Deputy Minister of Shipping, Marina Hadjimanoli said Cyprus was committed to attracting young people to the maritime profession as well as more women as part of its effort to enhance diversity. On the sidelines of the conference, Hadjimanoli met the Deputy Secretary of Transport of the Philippines, Elmer Sarmiento, who is responsible for maritime matters. […]
Finance Minister Makis Keravnos is in Brussels for the Eurogroup meeting at which ministers are set to discuss macroeconomic developments and prospects in the Eurozone. Their focus will be on adopting a joint statement regarding the member-states’ fiscal policies for 2025, in line with the expected implementation of the revised EU economic governance framework. A […]
REALTYon, the only event in Cyprus dedicated to the entire property industry, is returning for its second edition, with a further-reaching direction and an exciting agenda of topics. Scheduled to take place over July 3-4, 2024, at Cyprus’ iconic City of Dreams Mediterranean Integrated Resort, the premier real-estate event promises to be even bigger than last year. […]
Vehicle registrations in Cyprus increased by 45% in January-February 2024, according to the Statistical Service of Cyprus (CyStat) report “Registration of Motor Vehicles” for the year’s first two months. In February 2024 alone, total registrations of motor vehicles reached 4,346, marking an impressive increase of 55.5% compared to the same month in 2023, which recorded […]
The National Authority for Preah Vihear (NAPV) reported that in the first two months of 2024, over 30,000 tourists visited the Preah Vihear and Koh Ker temples. According to NAPV director-general Kong Puthika, from January to February, 33,964 tourists visited the temples. Of these, Preah Vihear temple welcomed 14,576 visitors, comprising 11,367 Cambodian and 3,209 […]
By Yiannis Kourtoglou and Stamos Prousalis LARNACA, Cyprus, March 9 (Reuters) – Charity workers loaded relief supplies bound for Gaza on to a barge in Cyprus on Saturday as part of an international effort to launch a maritime corridor to a Palestinian population on the brink of famine. The European Commission had said a maritime aid corridor […]
The fourth quarter of 2023 witnessed a notable surge in Cyprus’ overall employment, recording a 1.1 per cent increase compared to the same period in 2022. According to data released this week by the Cyprus Statistical Service (Cystat), real working hours also experienced a growth of 1.5 per cent. During Q4 2023, the total number of […]
Cambodia on Saturday called for a wider economic integration among ASEAN countries at the 30th ASEAN Economic Ministers’ Retreat (30th AEM Retreat) held in Luang Prabang, Lao PDR. Cham Nimul, Minister of Commerce (MoC) and ASEAN Economic Minister for Cambodia led a delegation to participate in the 30th ASEAN Economic Ministers’ Retreat (30th AEM Retreat) […]
A group of visiting Chinese investors and businessmen from Shandong province, China, recently evinced interest in potential investment opportunities in Cambodia. The Chinese delegation, composed of representatives from dozens of Chinese firms, attended a meeting on March 8 in Phnom Penh on building cooperation and exchanged views regarding the development of an ‘Industrial Corridor’ and […]