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 […]
India’s leading low-cost carrier IndiGo will start direct flights between Kolkata and Siem Reap to respond to the growth in passenger traffic between the two countries and promote cultural tourism. Sinn Chanserev Vutha, Secretary of State and Spokesperson for Civil Aviation, said that India’s IndiGo will start direct flights between Kolkata and Siem Reap in […]
Phase 1 of the Techo International Airport (TIA) project, with an investment of $1.339 billion, has surpassed 92% completion as of December 9 and is now on track for an official inauguration in July 2025, according to Sinn Chanserey Vutha, secretary of state and spokesperson for the State Secretariat of Civil Aviation (SSCA). The airport […]
Phnom Penh, December 19, 2024 – Prince Bank, a leading financial institution in Cambodia, is pleased to announce the appointment of Mr. Honn Sorachna as its new Chairman of the Board and Mr. Looi Kok Soon as Chief Executive Officer, effective Dec 17, 2024. Mr. Honn Sorachna, the new chairman of Prince Bank Plc Mr. […]
Cambodia’s Gross Domestic Product (GDP) growth is projected to marginally improve, reaching 5.5 percent in 2025 and 2026, according to the World Bank’s ‘Cambodia Economic Update: From Recovery to Resilience – Harnessing Tourism and Trade as Drivers of Growth,’ released recently. Even though domestic demand is expected to further improve in the next two years, […]
Chairman Evgenios Evgeniou and CEO Marios Tannousis, met with Yousef Sultan Laram, Ambassador of the State of Qatar, and Khalifa Ahmad Al-Maadeed, Deputy Chief of Mission Invest Cyprus, represented by Chairman Evgenios Evgeniou and CEO Marios Tannousis, met with Yousef Sultan Laram, Ambassador of the State of Qatar, and Khalifa Ahmad Al-Maadeed, Deputy Chief of […]
Senior manager Potamitis discusses Deriv’s ambitious plans for Cyprus Online broker Deriv this week announced the expansion of the company’s Cyprus-based operations to Nicosia. Deriv, which opened its first Cyprus office in Limassol four years ago, said that the new office is set to open in mid-December and will be located at the Asteroid building. “Cyprus plays a crucial role in the […]
Half of Cyprus’ hotels are open this festive season, offering special programmes for Christmas and New Year, according to Thanos Michaelides, president of the Cyprus Hoteliers Association (Pasyxe). Speaking to the Cyprus News Agency (CNA), Michaelides siad that operating levels are consistent with last year. “Most of the open hotels”, he said, “are in Larnaca […]