The Cambodian Ministry of Tourism recorded 988,574 international tourists in the first two months (January and February) of 2024, marking an increase of 18 per cent from the same period in 2023. According to a report released by the Ministry of Tourism on March 21, 2024, travellers from Thailand topped the number of international arrivals […]
The United Nations Industrial Development Organisation (UNIDO) has partnered with the Ministry of Industry, Science, Technology& Innovation (MISTI) to embark on the creation of an eco-industrial park (EIPs) in Cambodia. The initiative aims to foster sustainable industrial development by integrating environmental protection, resource efficiency, and economic prosperity. This cooperation was discussed in a meeting held […]
In the first two months of 2024, imports and exports of goods by manufacturing enterprises within the Sihanoukville Special Economic Zone (SSEZ), one of the nation’s largest and longest-running industrial hubs, reached a total value of $628 million, according to a recent report by the General Department of Customs and Excise (GDCE). The achievement marks […]
The Ministry of Environment has encouraged companies and development partners to contribute to carbon investment in Cambodia for clean soil, water, and air. Eang Sophalleth, Minister of Environment, made the remarks when receiving Hoang Anh Dung, CEO of Investment and Trading Consulting Company Limited (INTRACO Holding) of Vietnam, in Phnom Penh on Mar. 26. Sophalleth […]
The 2nd National Day of Science, Technology & Innovation (STI Day 2024) was held at the Koh Pich Convention and Exhibition Centre in Phnom Penh from March 24-26 2024, with Prime Minister Hun Manet attending and outlining the key objectives to achieve the STI Roadmap 2030 goals. The STI sector will play a crucial role […]
A lavish and contemporary villa in Cyprus that sits right on sparkling waters of the Mediterranean Sea has hit the market for €3.19 million (US$3.45 million). Villa 82, as it’s known, is set in a private gated community within the island’s Paphos district alongside one of the top beaches in the region, according to the […]
Phnom Penh, March 27, 2024 – The Sihanoukville Special Economic Zone (SSEZ), a major industrial hub in Cambodia, has reported a significant increase in its import-export value, reaching US$628 million in the first two months of 2024. This marks a substantial 38.3 percent year-on-year growth compared to the same period last year, according to a […]
26 March 2024, Phnom Penh – Singapore’s The Ascott Limited (Ascott), the wholly-owned lodging business unit of CapitaLand Investment, has entered into a management agreement with Overseas Cambodian Investment Corporation (OCIC), for the management of Somerset Diamond Bay Garden Phnom Penh in Koh Pich. The agreement was signed by Ms. Serena Lim, Chief Growth Officer […]
Phnom Penh, March 27, 2024 – A delegation of 13 leading Korean companies, spearheaded by Hacheong Yun, Director General of the Korea Trade-Investment Promotion Agency in Cambodia (KOTRA Phnom Penh), is exploring new trade and investment avenues in Cambodia’s burgeoning sectors. This search for opportunities was discussed during a strategic meeting with Sun Chanthol, Deputy […]
Canadian credit rating agency DBRS Morningstar has affirmed the Republic of Cyprus’ long-term ratings, maintaining it at BBB (high) with a stable economic outlook. Amid global uncertainties, DBRS cited risks such as the Ukraine conflict and trade disruptions in the Red Sea, which could impact Cyprus’ fiscal outlook. Downgrade possibilities loom if sovereign debt worsens […]
Cyprus’ main exports for 2023 included mineral fuels and oils, halloumi and pharmaceutical products, according to CySTAT. In an infographic published on 26 March, CySTAT shows that Cyprus exported €508.39 million of domestically produced goods to EU countries and another €1.84 billion to third countries. The main products that Cyprus exported to EU countries were pharmaceuticals at […]
Cyprus took part in the International Food and Drink Event (IFE) this week, promoting a number of products at the three-day international food and beverage event, that opened its doors on Monday at the ExCel exhibition centre in London. According to a statement released on Tuesday, the Ministry of Energy, Commerce, and Industry, in collaboration with the […]
The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, along with high-ranking executives of auditing and consulting firms. According to an announcement by the CFA Society Cypruts, the topic of the seminar was presented by Steve Balaban, […]
The Finance Ministry on Wednesday released a statement welcoming the outcomes of the European Commission’s recent in-depth review, highlighting that they “demonstrate the government’s sound economic policies and efforts to address the macroeconomic imbalances facing the Cypriot economy”. The European Commission’s report, released earlier this week, noted that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and […]
April is a beautiful month known for its pleasant weather. The month is all about the beauty of nature at its best. Cambodia is beautiful during this month and makes it perfect for exploration. If you’re planning to visit Cambodia in April, you’re in for a treat! April is a great time to explore Cambodia, […]
Cambodia and Indonesia have committed to enhancing their commerce and investment collaboration, with trade between the two nations reaching over $190 million in the first two months of 2024, showing a modest increase compared to the same period in 2023. This pledge was made during a March 26 meeting between Sun Chanthol, first vice-president of […]