The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, according to the key financial indicators published by the Central Bank of Cyprus (CBC). The return on equity (RoE) ratio for Cyprus banks jumped to 24.6% in 2023, a stark increase from 4.8% in the previous year. This dramatic rise […]
Larnaca on Friday unveiled a new corporate identity, marking a pivotal moment for the city’s tourism, according to Deputy Minister of Tourism Kostas Koumis. He emphasised that the rebranding aims to encapsulate the authentic essence of Larnaca, showcasing its rich history, local gastronomy, and sustainable tourism practices. In his welcoming remarks at the event organised […]
PHNOM PENH, June 4, 2024 – The Sihanoukville Autonomous Port (PAS), the largest seaport in Cambodia, has reported a substantial revenue increase in the initial four months of the year. According to a report released by PAS on Monday, the port saw revenues of $35.2 million from January through April, representing a 24.4 percent rise […]
PHNOM PENH, June 4, 2024 – Cambodia is poised to make significant advancements in renewable energy with the introduction of the country’s first wind farms slated for development in Mondulkiri and Kampot provinces. Keo Rottanak, Minister of Mines and Energy, revealed the plans in a recent video published on the ministry’s social media platforms. He […]
Phnom Penh (FN), Jun. 3 – Cambodia’s Angkor Wat ranked first as the best place to see sunrise among 72 countries. However, Uganda’s Murchison Falls National Park stands at the last place on the list. The Best Place to See Sunrise in Every Country by Morning.co.uk collects data on the best places to watch the sunrise […]
PHNOM PENH, June 3, 2024 – As the sun dips below the horizon, Phnom Bakheng Temple offers one of the most enchanting sunset experiences in the Angkor region, located in Siem Reap province, Cambodia. This temple is not only one of the oldest in the Angkor Archaeological Park but also a popular destination for its […]
PHNOM PENH, June 3, 2024 – The Ministry of Agriculture, Forestry and Fisheries has inaugurated a two-day exhibition called “Khmer Agricultural Village” in Phnom Penh, running from June 1-2, 2024. The event is dedicated to promoting and garnering support for locally-grown agricultural products. The expo was opened by the First Lady, Dr. Pich Chanmony Hun […]
PIch Chanmony, spouse of Prime Minister Hun Manet, Saturday called for support to promote Cambodia’s agricultural products. Presiding over the launch of the two-day ‘Khmer Agricultural Village’ exhibition, Chanmony encouraged food service companies, chefs’ associations, tourism associations and restaurants to collaborate with Cambodian agricultural associations and cooperatives to promote local agricultural products. The exhibition was […]
France-based construction company Vinci has been awarded a €94 million contract to design and build an extension to Cambodia’s major water treatment plant. The municipal water supply authority for Phnom Penh, the capital of Cambodia, has commissioned Vinci’s Construction Grands Projets (CGR) division for the project. The extension, a testament to Vinci’s capabilities, will serve […]
The surplus in the government balance during the period of January-April 2024 was almost double compared to last year, attributed to the faster increase in revenues compared to expenditures, allowing the Government to be more flexible in its social policy. Preliminary fiscal results prepared by the Statistical Service for the period of January-April 2024 indicate […]
PHNOM PENH, June 3, 2024 – Angkor Archeological Park, Cambodia’s premier tourist attraction, has welcomed 472,258 international visitors from January through May this year, marking a substantial 37 percent increase compared to the same period last year, according to a recent report by Angkor Enterprise, the entity responsible for managing the park’s entrance passes. The […]
Two new shopping malls, located near each other in Limassol, have received environmental approval from the government. The first is the “Limassol Mall,” owned by C.A.C. Papantoniou Ltd, with an estimated cost of €95 million. The second is named “The Mall of Limassol”, owned by Atterbury Europe, in Mesa Geitonia, with an estimated project cost […]
A survivor of the Khmer Rouge, Sovanna Chan raised her family in East Oakland, where she and her husband own a donut shop. In recent years, she’s also found stardom on social media. Sovanna Chan piles slices of lemongrass, turmeric, and galangal in a heavy stone mortar, crushing them methodically with a pestle. A bright, […]
The Cambodia Ministry of Mines and Energy (MME), Singapore Ministry of Trade and Industry (MTI), and Lao PDR Ministry of Energy and Mines (MEM) have established a work group to facilitate cross-border electricity trade to drive the ASEAN Power Grid vision. A press release after the meeting early this week shows that the workgroup aims […]
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. It noted that the volume of bilateral trade and investment between the two countries remains limited. The suggestion was made during a May 30 Phnom […]
The implementation rate of development expenditures from the state budget reached 13% at the end of April 2024, marking a slight increase from the decade’s average of 12%, according to the Treasury. Income-wise, indirect taxes recorded a €150 million increase compared to last year, attributed to rising VAT revenue. Additionally, direct tax revenue increased by €170 […]