Cambodia earned nearly $9 billion from the export of textile products to international markets during the first three quarters of 2024, marking an increase of nearly 25% compared to the same period in 2023 and representing almost half of the country’s total export revenue. From January to September, the country exported textile products categorised under […]
The 7th annual ‘Young Entrepreneurship Awards’, organised by Cyprus Chamber of Commerce and Industry (Keve) with support from the Ministry of Energy, Commerce, and Industry and Hellenic Bank, celebrated young Cypriot entrepreneurs for their impact on the country’s economic progress. Keve noted that the awards, now an “annual institution,” seek to inspire and recognise young […]
The 10-member Association of Southeast Asian Nations (ASEAN) is holding its annual summit in Laos. The bloc’s members view these summits as a key platform to engage with foreign partners on major issues regarding politics, economy and security. The EU will be represented in Laos by President of the European Council Charles Michel. He has […]
Vietnam and Thailand agreed to coordinate with relevant nations to pilot the “Six Countries, One Destination” initiative to drive regional tourism. Vietnamese Prime Minister Pham Minh Chinh met with his Thai counterpart Paetongtarn Shinawatra on the sidelines of the 44th and 45th ASEAN Summits and Related Summits in Vientiane, Laos, on Wednesday where the two […]
PHNOM PENH: Prince Bank, a leading financial institution in Cambodia, has been honored with the prestigious International Banker Award for the fifth consecutive year, solidifying its position as a trailblazer in the nation’s banking industry. The bank first received this esteemed award in 2020. This accolade highlights Prince Bank’s unwavering commitment to excellence, innovation, and […]
Cambodia and Thailand Wednesday held talks on establishing special economic zones, enhancing people-to-people connections, promoting tourism, besides strengthening bilateral cooperation between the two countries. Discussions on the key areas were held during a bilateral meeting between Prime Minister Hun Manet and Thai Prime Minister Paetongtarn Shinawatra on the sidelines of the 44th and 45th ASEAN […]
Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. From January to September, the Kingdom imported $21 billion worth of goods to […]
Cambodia and Germany have discussed and exchanged views on bilateral development cooperation, and ways to further promote it to the next level, according to the Council for the Development of Cambodia (CDC). The Cambodian side was headed by Chhieng Yanara, Senior Minister in charge of Special Missions and Second Vice-Chairman of the CDC, while the […]
Cambodia has 20 million internet subscribers both mobile and fixed as of June, an increase of 16.6 million registered in 2020, the year of pandemic, a report of the Telecommunication Regulator of Cambodia showed on Wednesday. The report stated that mobile internet users increased to 21.9 million, up 5.2 percent from 20.8 million recorded in […]
After the recent withdrawal from the development pact known as the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), the Royal Government of Cambodia (RGC) shifted its stance to promote bilateral cooperation with the Lao People’s Democratic Republic (PDR) including the removal of double taxation, trade, tourism and energy sectors. On the sidelines of the 44th & 45th […]
The United States Department of the Treasury (USDT) Monday praised the Royal Government of Cambodia (RGC) for its effective management of the economy and public finances and the proactive response to challenges, despite the uncertainties posed by external factors. The appreciation was conveyed to Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance […]
Paphos is pushing forward with a €195,000 digital advertising campaign this October, targeting key tourist markets across Europe to boost visibility and attract more visitors. Local tourism board Etap said this initiative builds on three years of successful campaigns. Local hoteliers, Etap, the Cyprus Hoteliers Association (Pasyxe), Hermes Airports, and the Hellenic Bank have renewed […]
A fraction of the vast unexplored opportunities of Siem Reap has been so far been tapped, apart from its cultural destination status. That the province is an economic asset to Cambodia, hitherto untold, has now been for the first time compiled in ‘Guide to Doing Business and Investing in Siem Reap’. It was officially released […]
Cambodia has secured 315 fixed-asset investment projects worth $5.28 billion during the first nine months of this year, a report from the Council for the Development of Cambodia (CDC) showed. The CDC report indicates that the projects have generated over 250,000 new jobs, providing employment opportunities for a large segment of the Cambodian workforce. The […]
The Ministry of Tourism has released a collection of beautiful images of Cambodia’s iconic Angkor Temple complex. To describe the images, the Ministry states: ‘Just wow! The features of Angkor Wat temple are in 3 colors: gold in the morning, silver in the day and bronze in the afternoon.’
The government is focusing on boosting clean and renewable energy through a group of power projects approved for the 2024-2029 period in line with the government’s sustainable development goals. The commitment to sustainable energy was reaffirmed by Minister of Mines and Energy Keo Rottanak during the recent “Cambodian Energy Policy” forum held at the Royal […]