The government is embarking on an ambitious plan to diversify the economy and make a transition from a labour-intensive manufacturing hub to a high-tech investment hub, Prime Minister Hun Manet said yesterday. This shift aims to attract significant foreign direct investment in sectors like electronics and automotive manufacturing, Mr Hun Manet said at a graduation […]
Tourism in Cyprus continues to shine in 2024, with arrivals nearing 3.73 million between January and October, marking a 4.6% annual increase. This figure also slightly surpasses the same period in 2019, a record-breaking year for Cypriot tourism, showing a 0.81% rise, as Cyprus solidifies its position as a dynamic hub for global travel. October […]
The Cyprus government on Monday, November 25, will offer new 13-week Treasury Bills (T-bills), set to mature on 28 February 2025. The annualised yield for the new issuance is expected to range between 2.95 per cent and 3.05 per cent. The move comes as Treasury Bills continue to capture the interest of both retail investors […]
President of the European Investment Bank (EIB) Nadia Calvino will visit Nicosia on Friday to inaugurate the EIB’s new office in Cyprus, according to an official announcement. Calvino’s visit will also see her engage with Cypriot leadership on future investment initiatives. According to the announcement, the new office in the Cypriot capital aims to strengthen the EIB group’s local […]
The Spanish Ambassador to Cambodia has requested the Council for the Development of Cambodia to examine the possibility of coordinating and organising a business forum in Cambodia to further disseminate investment information and incentives to Spanish businessmen. Felipe De La Morena Casado, Ambassador of Spain to Cambodia, made this request in a working meeting with […]
Cambodia is at a crucial juncture in its economic development, transitioning from a post-conflict recovery phase to a more robust and diversified economy. I had the chance to sit down with the Deputy Prime Minister of Cambodia, Sun Chanthol, who outlined the country’s strategic vision for economic growth, emphasizing the importance of international investment, economic […]
Prime Minister Hun Manet on Tuesday approved 26 Japanese companies to explore investment opportunities in the Kingdom’s potential sectors, including agriculture, food processing and aquaculture. The approval was granted to Takahashi Fumiaki, President of Japan-Cambodia Association (JCA) during a meeting at the Peace Palace on November 19. The JCA President apprised the Premier on the […]
Sultan Ahmed Bin Sulayem, Chief Executive Officer (CEO) of DP World, expressed his interest in exploring investment opportunities in Cambodia, particularly in key sectors including transportation, logistics and industrial park development. Sultan Ahmed Bin Sulayem paid a courtesy call to Cambodian Prime Minister Hun Manet on Wednesday at the National Assembly. The CEO also informed […]
An official report showed on Wednesday that Cambodia earned $472 million in revenue from exports of natural rubber latex in the first 10 months of 2024, up 22.5 percent over the same period last year. The kingdom exported 291,269 tons of the commodity during the January-October period this year, up 2.6 percent over the same […]
PwC Cyprus, in collaboration with Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded Project Symbiosis by the European Defence Agency (EDA). Announced this week, the initiative will explore how offshore renewable energy can coexist with defence operations across Europe’s maritime zones, addressing challenges and opportunities in sustainable energy integration. Project Symbiosis, […]
The American Chamber of Commerce in Cambodia (AmCham Cambodia) on Monday released its annual ‘Business Climate Survey 2024’ report, compiling insights shared by over 500 registered Cambodian-based companies. The AmCham survey results suggest generally optimistic growth prospects among responding businesses, including increased profitability and planned investment expansions in 2024, as well as increasingly strategic investment […]
The first mobile desalination units will be ready in October 2025, the water development department said on Tuesday. The department added that Cyprus was top of Europe regarding per capita storage of rainwater and the use of non-conventional resources, with 110 dams – of which 57 are large – five desalination plants covering over 70 […]
A large cruise ship, carrying 2,641 multinational tourists and crews, docked at Sihanoukville Autonomous Port on 19 November 2024. The ship is carrying 776 crews from 35 nationalities, 136 females, and 1,865 tourists from 43 nationalities. The ship departed from Viet Nam and is scheduled to continue its journey to Thailand after leaving Sihanoukville.
- By Amanda Champion I’ve always been interested in exploring Asia however a combination of timing, work and family commitments and the dreaded pandemic prevented the opportunity from coming to fruition. That is until my husband and I signed up for a charity bike ride in Cambodia in January 2022 with REACH Siem Reap, which provides holistic support to Cambodian […]
A delegation of 26 Japanese investors, led by H.E. TAKAHASHI Fumiaki, former Japanese Ambassador to Cambodia and current President of the Japan-Cambodia Association (JCA), was received by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, at the Peace Palace on November 19, 2024. The delegation expressed keen interest in exploring investment opportunities […]
Dr. Hong Vannak, an economist at the Royal Academy of Cambodia, has stated that tourists visiting the Water Festival last week made significant contributions to economic activity He added that this spending is not only for the three days of the Water Festival, but people, especially people from the provinces, have been staying in Phnom […]