Finance Minister Makis Keravnos on Saturday hailed rating agency Morningstar DBRS’ decision to give Cyprus a credit rating of BBB (high) and upgrade the island’s outlook from “stable” to “positive”. Reacting to the news, he said the government “will continue to … promote the appropriate financial plans which will allow the maximum possible utilisation of all the […]
AirAsia Cambodia is set to spread its wings by adding a new route from Siem Reap to Singapore commencing from 9 November 2024. Fares are on sale today between Siem Reap to/from Singapore today for the travel period from 9 November 2024 starting from just USD109* all in fare/one way. As one of the world’s […]
PHNOM PENH: Cambodia’s economy has consistently demonstrated remarkable growth, averaging 7% annually in the decade preceding the COVID-19 pandemic. Despite global challenges, the country’s economy is projected to expand by 5.2% in 2023, solidifying its position as a dynamic investment destination (General Department of Public-Private Partnerships, GDPPP) . The Cambodian government has created a business-friendly […]
A day after he was appointed as Minister for Tourism, Huot Hak held two meetings with the private sector on Saturday outlining measures to give a fillip on increasing the number of foreign tourists. Hak held wide-ranging discussions with the Cambodia Association of Travel Agents (CATA) and Cambodia Destination Management Companies (CAM-DMC). Key issues were […]
Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. This was revealed in the General Department of Customs and Excise report on Saturday. Trade with RCEP […]
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries reached $22.92 billion in the first eight months of 2024, up 17.2% from $19.55 billion over the same period last year, said the latest report from the General Department of Customs and Excise on Saturday. The country’s trade volume with fellow RCEP members accounted for 62% of its $36.94-billion total […]
Bookings and programs from major European tour operators have officially confirmed what was anticipated as early as July: Paphos is set to maintain its strong visitor numbers into the first two months of autumn. High occupancy rates at tourist facilities, confirmed bookings for September and October, and positive signals from UK-based travel agents all point […]
Here are the top business stories in Cyprus from the week starting September 16: Following the recent announcement of a €30 million investment in premium AA games by Mad Crusader, a Cyprus-based IP incubator, the Cyprus Mail sat down with founder and CEO Yarr Rash to explore the company’s vision. As a leading innovator in the gaming world, […]
Cyprus is in “advanced consultations” with the United Arab Emirates regarding the establishment of a joint company to participate in the share capital of the Great Sea Interconnector, President Nikos Christodoulides said on Saturday. Speaking to Greek television channel Open, he said there is “also interest” on the part of the United States and Qatar. The […]
The story of the bank, committed to serving the nation, reflects that of the island, The history of the Bank of Cyprus is and always will be intertwined with that of the country. This perfect connection was highlighted in a devastating response by the Bank of Cyprus general manager in 1955 when, during a general […]
Deputy Minister of Tourism Kostas Koumis on Thursday said that Cyprus is likely to set a new record for tourist arrivals from France. Speaking during a series of meetings in Paris, where he led the Cypriot delegation at the IFTM 2024 tourism exhibition, Koumis said that Cyprus is poised to surpass last year’s figure of […]
As summer fades, new research has unveiled the best European destinations you can still visit for late-season sunshine. It analysed over 50 countries, focusing on factors such as beach space per person, average temperatures, and daylight hours for September, October, and November to reveal the best autumn and winter holiday spots. Topping the list – […]
The country, which has more 300 days of sunshine a year, has embraced rooftop systems that harness the sun’s energy By Helena Smith in Cyprus The Thriamvos company truck pulls up at noon outside the four-storey building in the heart of Nicosia. It’s the third rooftop installation of a solar-powered water heating system that Petros Mihali and […]
Thousands of tourists are flocking to Cambodia’s icon, Angkor Wat, to witness the famed Autumn Equinox.The event runs from September 21-23. All images: AKP
A high-ranking Cambodian official is highly optimistic that more Japanese investment companies will target Cambodia as their investment hub. Sun Chanthol, Deputy Prime Minister and First Vice President of Council for the Development of Cambodia (CDC), made the remarks in Pursat province this morning while he was presiding over the groundbreaking ceremony for the construction […]
Cambodia exported over $9.2 billion worth of garments, footwear and travel goods in the first eight months of 2024, up 22.8% from $7.5 billion over the same period last year, said a General Department of Customs and Excise’s report yesterday. Garments and textiles accounted for more than $6.8 billion during the January-August period this year, […]