Central Bank of Cyprus (CBC) govennor Christodoulos Patsalides on Thursday addressed the Economist annual summit, highlighting the European banking sector’s resilience, while also addressing the challenges and risks facing the region’s economy. Patsalides opened by saying that the European Central Bank (ECB) had made significant progress in its disinflationary efforts, with inflation falling to 2.0 […]
In 2008, the Photo Phnom Penh festival was born on the initiative of Alain Arnaudet who was then the director of the French Cultural Center, now the French Institute of Cambodia (IFC). He had already launched a dance festival, a street music festival, and theater activities, when he met two young people who wanted to exhibit their […]
Blink and it is almost Christmas. With the last full weekend of November here, the festive period is fast approaching and you can be sure that by next week, the whole island will be dressed in the Christmas spirit. This weekend will see the first of the season’s festive happenings as the Christmas villages open, […]
Apartment prices and rents in Cyprus defied broader market declines during the third quarter of 2024, reflecting strong demand, according to a report from real estate analytics firm Ask Wire. At the same time, the report showed that other property types struggled under the weight of high interest rates and shifting buyer preferences. The report is based on the […]
The number of containers passing through Sihanoukville Autonomous Port (PAS) in the third quarter of the year reached nearly 300,000 twenty-foot equivalent units (TEUs), an almost 40% increase compared to the third quarter of 2023. According to the PAS Q3 2024 report, published on November 19, this means the port company has increased its revenue […]
Prime Minister Hun Manet yesterday said that the Council for the Development of Cambodia (CDC) is in the final stage of negotiations with the Chinese electric vehicle giant BYD Company Limited to establish an electric vehicle (EV) manufacturing factory in the Kingdom. Presiding over the graduation ceremony at the Royal University of Phnom Penh (RUPP), […]
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, […]