US company Stabil Nutrition LLC and local company Amru Rice (Cambodia) have jointly invested in building a rice bran processing plant to export to the US market. The joint investment plan was announced during a meeting between Deputy Prime Minister Sun Chanthol, First Vice Chairman of the Council for the Development of Cambodia (CDC), with […]
Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. Senate President Hun Sen and Abdullah Mohammed Ibrahim Al-Sheikh, Chairman of the Consultative Assembly of the Kingdom of Saudi Arabia held wide ranging […]
Cambodia exported products worth $23.93 billion in the first 11 months of 2024, up 16.8 percent over the same period last year, said a report from the General Department of Customs and Excise released on Tuesday. The report showed that the main exported goods included garments, footwear, travel goods, bicycles, car tyres, and potential agricultural […]
ATR, the manufacturer of regional aircraft, has announced the addition of three ATR 72-600 aircraft to Cambodia Angkor Air’s fleet. The airline will rebrand as Air Cambodia on January 1, 2025. The aircraft, procured by HNCAL (HNCA Aviation Financial Leasing Co., Ltd.), a Chinese lessor and subsidiary of Henan Civil Aviation Development & Investment Group […]
Minister of Energy, Commerce and Industry George Papanastasiou said on Tuesday that in the coming days there will be news as regards the departure of the floating storage and regasification unit (FSRU) ‘Prometheus”‘ from Shanghai, China. “We expect in the coming days, perhaps even within the week, to hear about the departure” of Prometheus, the Minister said replying […]
Investors must ‘cut through the noise’ and focus on establishing a long-term strategy that aligns with their investment goals Short-termism has become a dominant feature of the investment landscape. Amid market volatility, geopolitical tensions and an overwhelming flow of news, staying focused on the bigger picture has become more challenging. The constant bombardment of news […]
The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming meeting on December 12. “This move will directly impact the monthly instalments of their clients’ loans,” the association said in a statement. The association pointed out that the ECB is set to […]
The Special Investment Promotion Programme for Preah Sihanouk Province, launched on January 31, 2024, by Prime Minister Hun Manet, has mobilized $6.03 billion in investments from 215 projects as of last month. This was disclosed to Khmer Times by Long Dimanche, Deputy Governor of Preah Sihanouk province, recently. Launched mainly to address the issue of […]
A relative newcomer to the island has enjoyed wandering off the beaten track. What did he find? By Nofar Ronen Most visitors associate Cyprus with its stunning beaches and luxurious resorts, but there’s so much more to the island. Having lived here for over 3.5 years, I’ve discovered hidden gems that many aren’t familiar with […]
Cambodian Prime Minister Hun Manet said the Royal Government will continue to support and encourage investment in education and health as these sectors will never end. Addressing the groundbreaking ceremony for the construction of the University of Health Sciences Hospital under the concessional loan from the Government of the Republic of Korea, in Khan Sen […]
A three-day arts festival – featuring film screenings, a still film photo exhibition, Khmer performing arts, a concert featuring Princess Norodom Jenna, a fashion show and even the announcement of a screenwriting competition winner – got underway this morning in Chroy Chngavar. The Domner Khmer Art Festival was organised by a group of dedicated young […]
Phnom Penh Designers Week is set to return with its Fall/Winter 2024 edition, themed “Fashion in a Changing World”. Despite the relatively small size of Cambodia’s fashion industry, this bi-annual event has become a crucial platform for local designers to showcase their talent and creativity. Scheduled for December 7, the event will take place at […]
The Kingdom is gearing up for a transformative trade event as the Ministry of Commerce unveils the ‘Cambodia Trade Expo 2024’ (CTF), scheduled to take place from December 13-16 at the PH Center’s French Hall in Borey Peng Huot in the capital. The expo promises to be a pivotal platform for local producers, international buyers, […]
Cambodia approved 386 fixed-asset investment projects worth 6.4 billion during the first 11 months of 2024, generating over some 305,000 jobs, said a Council for the Development of Cambodia (CDC)’s report on Friday. The new projects were mainly focused on garment, travel goods, and footwear sectors, hotel development, hydroelectric power station, freshwater port, solar power […]
Academician Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of Cambodia, projected that Cambodia’s economic growth in 2024 will be 6 per cent, mainly supported by continued momentum in export-oriented sectors and the garment sector. With sustainable peace, social order, safety and security, and political stability as strong foundations, Cambodia has consistently […]
The first Green Community of Kato Pyrgos has been presented by President Christodoulides during a full day visit in the area, accompanied by his Cabinet. During the 7 December visit he announced projects worth a total of €55 million for Tillyria and Polis Chrysochous areas and €50 million for the expansion of the port of […]