The Cyprus Mail recently sat down for an interview with Roman Gurskiy and Kirill Gurskiy, managing directors of GEM Capital, to delve into their transition from EY to GEM Capital, their investment strategies, and the unique attributes that make Cyprus and the MENA region attractive for gaming and tech investments. Founded in 2017, GEM Capital […]

The Ministry of Commerce (MoC) Friday organised a meeting to strengthen business interaction between the cashew enterprises and representatives of supermarkets and marts to showcase the processed cashew nuts in the local markets nationwide. Tor Pila, Secretary of State of MoC chaired a meeting theme ‘Selling Processed Cashew Nuts to Supermarkets and Marts’ aimed at […]

In the first half of 2024, Cambodia exported more than 14,800 tonnes of fresh longan to the international market, an increase of 120 percent, compared to the same period last year with 6,725.07 tonnes, the Ministry of Agriculture, Forestry and Fisheries (MAFF) reported recently. Cambodia’s principal market for fresh longan is China. Im Rachna, a […]

Vietnam Airlines has announced a plan to operate direct flights between Hanoi and Phnom Penh starting October 27. The national flag carrier will run four round-trip flights using Airbus A321 aircraft on a weekly basis on Monday, Wednesday, Friday and Sunday. Currently, passengers travelling with the airline from Hanoi to Phnom Penh need to transit […]

The Royal Government in recent years has spent billions of US dollars for the development of three major infrastructure projects with an estimated budget of US $ 5.3 billion. The three projects are: 1. Phnom Penh-Bavet Expressway Development Project: This project is Cambodia’s second expressway project after the first Phnom Penh-Sihanoukville Expressway project. The Phnom […]

Dr. Hun Manet, Prime Minister of Cambodia, presided over the opening ceremony of the three-day France-Cambodia Business Forum, held at the Sofitel Phokeethra Phnom Penh this morning. The opening ceremony also saw the exchange of a Memorandum of Understanding (MoU) between the Cambodian Chamber of Commerce and the French Chamber of Commerce and Industry in […]

Cambodia’s international trade reached $26.09 billion in the January to June period this year, a rise of 12.7 percent compared to the same period last year to close the first half (H1) of 2024 on a good note, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. The […]

In a move underlining the government’s commitment to reviving the tourism sector, Prime Minister Hun Manet chaired a high-level meeting yesterday to assess the progress of the newly formed Cambodia Tourism Marketing and Promotion Board (CTB). Established on July 1, 2024, the CTB is tasked with spearheading international marketing efforts to attract tourists to the […]

A delegation of investors and businessmen from Australia and New Zealand recently visited Cambodia to explore potential investment opportunities. The group, led by Cheunboran Chanborey, Ambassador of Cambodia to Australia and New Zealand met with officials of the Council for the Development of Cambodia (CDC) on Monday to gain a deeper understanding of the government’s […]

Cambodia attracted fixed-asset investment of US$3.2 billion in the January-June period of this year, up 194 percent from US$1.1 billion recorded in the same period last year, the Council for the Development of Cambodia (CDC) said in a news release on Friday. A total of 190 investment projects have been approved during the above-mentioned period, […]

Cambodia has registered 1,614 electric vehicles (EVs) as of June 2024, said a news release from the Ministry of Public Works and Transport on Tuesday. The news release said the three most popular EV brands in the Southeast Asian country are China’s BYD, Japan’s Toyota, and Tesla. It added that the kingdom had recorded 658 […]

Cambodia exported 338,654 tonnes of milled rice in the first six months of 2024, a year-on-year increase of 2.7 percent, the Cambodia Rice Federation (CRF) said on Tuesday. The milled rice exports earned the Kingdom a total revenue of $247 million, up 7.8 percent from the same period last year, the report said. The Kingdom […]

Cambodia has knocked off Ivory Coast to become Vietnam’s biggest supplier of raw cashew nuts. Earlier it was the African nation that held the position. The General Department of Customs of Vietnam made the announcement on Saturday. As per figures in 2024, January to May saw Cambodia take the number one position as Vietnam’s biggest […]

Cambodian Prime Minister Hun Manet stated that France remains one of Cambodia’s largest trade and investment partners among European countries. In the first five months of 2024, Cambodia-France trade volume reached $206.41 million. The premier spoke on Monday during the 2nd Cambodia-France Business Forum opening at Sofitel Phnom Penh Phokeethra. “France remains a key partner […]

Regional Free Trade Agreements such as ASEAN and RCEP, bilateral agreements with China and Korea and bilateral agreements with China and Korea have created massive markets for Cambodia for new investments, said Kith Meng, President of the Cambodia Chamber of Commerce. The Kingdom has been one of the fastest growing economies in the region and […]

Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) on Sunday told the local working groups of Phnom Penh capital to examine the possibility of developing a smart city application (mobile app) aimed at managing the provision of public service, providing information and getting feedback from the […]