Continuing with its robust growth, Cambodia’s exported goods worth $14.76 billion to foreign markets in the first seven months of 2024. The figure represented a 14 percent increase compared to the same period last year when exports totalled $12.9 billion, a report from the General Department of Customs and Excise showed on Sunday. The US […]
Cambodia’s aviation sector is experiencing a significant uptick in the first half of 2024 with the country’s three international airports handling a combined 3.03 million air passengers from January to June, up 22 percent from 2.48 million recorded in the same period last year. Figures from the State Secretariat of Civil Aviation (SSCA) showed that […]
Cambodia exported 173,915 tonnes of natural rubber latex in the first seven months of 2024, slightly up by 1.72% from 170,968 tonnes over the same period last year, according to a General Directorate of Rubber’s report on Sunday. The country earned $269 million in revenue from exports of the commodity during the January-July period this […]
Here are the top business stories in Cyprus from the week starting August 5: The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. The CBC governor also said that “geopolitical developments, climate change, and […]
PHNOM PENH: A new world survey says that Angkor Wat, the heart of Cambodia, ranks seventh as the place with the most tag posts on TikTok and Instagram. The report, from Titan Travel, states that Cambodia’s icon is the most tagged place in South-East Asia, with only Singapore’s Bay Garden appearing in the top 10. New York’s […]
The traditional art of weaving Cypriot ‘ploumista’ on the loom is alive and well in the Paphos village of Fiti. While women primarily carry on this craft, it is also practiced by Athinodoros Georgiou from Pachyammos in Tylliria. Today, Fiti weaving is preserved mainly by the few women who still live in the community, as […]
According to the Ministry of Transport, Communications, and Works, the passenger traffic at Larnaca and Paphos airports experienced a year-on-year increase of 1.45% in July 2024, totalling 1,496,715 travellers. The primary markets contributing to this growth were the United Kingdom, Greece, Poland, Israel, and Germany. The Ministry also reported that the period between January and July […]
The University of Cyprus has launched a new project in partnership with Cyprus Public Transport aimed at developing a next-generation energy management solution for renewable-powered and battery-integrated electric vehicle charging stations. According to a UCy press release, the project is entitled “EMS4PVBEV”, an acronym for “Advanced AI-Driven Energy Management System for Photovoltaic-Powered and Battery Integrated […]
The total registrations of motor vehicles recorded an annual increase of 16.6% in January-July 2024, according to CySTAT, which announced the publication of a report entitled “Registration of Motor Vehicles” for the period January-July 2024. The report says that in July 2024, the total registrations of motor vehicles numbered 4,614, recording an increase of 3.9% […]
The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement emphasising the strategic importance of the Cyprus-Europe electricity interconnection through Greece, highlighting its significance both for Cyprus and the European Union. “This project is crucial not only for geopolitical reasons but also to end the energy isolation of our country by integrating […]
Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’s environmental, social, and governance (ESG) strategy. which, the bank said has become a key pillar of its overall operations. “The report confirms Hellenic Bank’s […]
A workshop on rubber technology was hosted by the government in Kampong Cham Province on Wednesday to impart latex harvesting skills to provincial officials. Titled ‘Transfer of Rubber Technology to Local Officers’, the workshop was held at the Department of Agriculture, Forestry and Fisheries. Organised with support from the World Wildlife Fund (WWF)-Cambodia, the workshop […]
Discussions between the Cambodia Rice Federation (CRF) and NTUC FairPrice Group, one of Singapore’s largest retailers, are underway to establish a long-term rice supply agreement, aiming to significantly increase Cambodia’s rice exports to Singapore. Chan Sokheang, President of the Cambodia Rice Federation, met with Ho Wah Lee, Independent Director of NTUC Fairprice Group of Singapore, […]
The European Chamber of Commerce in Cambodia (EuroCham) recently renewed its commitment to support the efforts of the Royal Government of Cambodia to promote investments from abroad. The message was conveyed when a delegation from EuroCham called on Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia […]
The production of services remained more or less stable in the eurozone (down -0.1%) and in the EU (+0.1%) in May 2024 compared to April, while increasing compared to May 2023 (+2.5% in the eurozone and 2.6% in the EU) according to estimates from Eurostat. In Cyprus in May there was a 3.6% annual increase compared […]
Cyprus is sweetening the pot for its Olympic athletes, with cash bonuses and job guarantees on offer for medallists and finalists. The Cypriot government is providing up to €150,000 to athletes who win gold at the Olympic Games, according to the Cyprus Sports Organisation (CSO). Silver and bronze medallists will receive €125,000 and €110,000 respectively. Financial […]