Laos-China Railway Co., Ltd. (LCRC), a joint venture based in Lao capital Vientiane, has reportedly received a green light from the Cambodian Government for possible cooperation in developing the railway network in Cambodia and high-speed railway link between Cambodia and Laos PDR. Representatives from the Laos-China Railway proposed the project in a meeting with Prime […]
AG Agribusiness Asia (Cambodia) Co., Ltd. and ING Holdings Co., Ltd. have collaborated to launch a state-of-the-art corn farm in Siem Reap province, integrating Australian and other international standard agricultural technology and techniques to drastically improve corn yields in the province compared to traditional farming methods. Situated in Chea Sman village, Meanchey commune, Prasat Bakong […]
The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday successfully held its ‘Cyprus-Estonia: Promoting Bilateral Collaborations‘ event, as part of the official visit of the President of Estonia Alar Karis to Cyprus. According to a Keve statement, the main aim of the event was to strengthen bilateral relations and foster partnerships between Cypriot and Estonian businesses […]
Cambodian exports to Japan constituted over two-thirds of total bilateral trade between the two nations in the first two months of 2024, as per the General Department of Customs and Excise (GDCE). Between January and February, their bilateral trade was valued at $325.65 million, a 9.3% rise from $298.06 million during the same period of […]
Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment came during his participation at the annual tourism conference organised by the Association of Cyprus Tourist Enterprises (Stek). This year’s event, held in Nicosia, revolved around the […]
Cambodia has become a key exporter in the global food security landscape, exporting upwards of 650,000 tonnes of milled rice over 2.7 million tonnes of unmilled rice to more than 50 destinations in 2023. As a key food producer, the Kingdom has established a long-term vision to enhance its contribution to global food security. This […]
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. “The Stable trend balances favourable economic and fiscal developments against important downside risks,” the agency said in a press release on 23 March. According to the Canada-based agency, Cyprus has […]
Cyprus’ main exports for 2023 included mineral fuels and oil, halloumi and pharmaceutical products, according to the Cyprus Statistical Service (CyStat). In an infographic published on Tuesday, CyStat shows that Cyprus exported 508.39 million euros of domestically produced goods to EU countries and another €1.84 billion to third countries. The main products that Cyprus exported […]
Cyprus aims to conclude construction works for the Liquified Natural Gas (LNG terminal in Vasilikos by the end of 2024 as this would assist the efforts to reduce electricity generation costs Minister of Energy George Papanastasiou said on Monday. Construction works for the LNG terminal was halted in the end of January, with the Chinese-led consortium […]
The Republic of Cyprus and the United States of America have announced a Justice System Cooperation in order to Enhance Cypriot Capabilities to Counter Illicit Finance. According to a Joint Press Release, “in response to a request from President Christodoulides, to further empower the Republic of Cyprus (ROC) to counter illicit finance, the United States […]
Phnom Penh, March 26, 2024: Hun Sen, Chairman of the Supreme Council of the King and President of the Cambodian People’s Party, held a meeting with Dr. Chang Dae-whan, President of the Maekjung Group, at the 7 Makara Palace in Phnom Penh. During the meeting, Hun Sen extended a warm welcome to the Maekjung Group’s […]
The UN’s preliminary evaluation for the 2024 triennial review has given Cambodia a positive tick for its 2027 graduation from the status of Least Developed Country (LDC) with a Gross National Income (GNI) per capita score of $1,546 which is above the threshold of $1,306 or above. Cambodia also achieved a good score of 77.7 […]
On March 25, 2024, Sok Soken, Minister of Tourism, received a delegation from the Future Light Organization, led by YIT Virasy, Executive Director of the Future Light Organization, to discuss the possibility of cooperation and partnership in promoting Cambodian tourism in the Japanese market. The Ministry of Tourism and the Future Light Organization expressed their […]
Cambodia will strive to strengthen and expand tourism promotion to China, India, and Australia and promote the implementation of the Memorandum of Understanding between Cambodia and the Maldives to attract more tourists to Cambodia. This was presented at the first meeting of the National Committee for Tourism Development for the Royal Government of the 7th […]
Before the UK left the EU, private schools around the island prepared their students to study there. But they now have to look further afield The number of EU students enrolling in British universities has more than halved since its withdrawal from the European Union in 2016, with noticeable declines from Italy, Germany and France. […]
Holidaymakers in Cyprus are increasingly turning to travel agents for their vacation needs, according to the chairman of the Association of Cyprus Travel Agents (Acta) Charis Papacharalambous. Speaking to state broadcaster CyBC on Thursday, Papacharalambous, whose association turns 70 this year, said the higher number of bookings at travel agents is evident, particularly the ones […]