The profitability of the Cypriot banking sector surged in the first half of 2024, with after-tax profits rising to €602.92 million, compared to €345.64 million at the end of March 2024. According to the Central Bank of Cyprus (CBC), net interest income for Cypriot banks reached €1.03 billion by the end of June 2024, a […]
The Cyprus Securities and Exchange Commission (CySEC) is participating in World Investor Week, scheduled for October 7-14, with a strong focus on financial literacy. “Financial literacy empowers citizens to manage their money effectively and make sound decisions regarding their financial activities,” stated Elena Karkoti, a Senior Officer at CySEC. Karkoti pointed out that promoting financial literacy has […]
PwC Cyprus this week honoured the academic achievements of five trainees who distinguished themselves in the associate chartered accountant (ICAEW ACA) examinations. Prominent figures attended the award ceremony at the company’s Experience Centre, including PwC Cyprus CEO, Philippos Soseilos, and Chief People Officer, Anna Loizou, celebrating the trainees’ exceptional academic results. The ceremony saw Georgia […]
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 […]
Prior to the 1970s, most Asian populations were very young. However, this demographic profile has shifted significantly, with several Asian countries now poised to become “super-aged.” Cambodia is well-positioned to capitalize on this demographic change. The country’s population is entering a period of rapid economic growth, fueled by a growing cohort of working-age individuals (30-49). […]
Beauty Det Sreynad has been crowned Miss Planet Cambodia 2024. She will now compete in the Miss Planet International competition, in a yet to be disclosed location.
Cyprus industrial workers’ federation (Oviek-Sek) secretary-general George Kasiouris on Thursday called for a “balanced approach” regarding the employment of third-country nationals on the island. “The strategy of granting work permits to third-country nationals must be based on a balanced approach, which combines the meeting of the needs of the domestic labour market with the safeguarding of […]
Bird Aviation announced the construction of a new hangar at the old Larnaca Airport, expanding its operations with the addition of a new narrow-body aircraft bay. The project, which recently commenced adjacent to the existing hangar on Bird Aviation’s premises, is on track for completion within the next few months. The new facility is a response […]
The Deputy Minister of Tourism, Kostas Koumis, led the Cypriot delegation at the IFTM 2024 tourism exhibition in Paris. During his visit, he met with key industry executives and promoted Cyprus as a sustainable tourism destination. Koumis expressed optimism about surpassing last year’s record of 80,000 French visitors to Cyprus. He highlighted the growing French […]
The Council for the Development of Cambodia (CDC) and the Board of Investment (BOI) of Thailand have agreed to enhance cooperation in promoting investment in Cambodia. The commitment was made during a meeting held on Wednesday chaired by Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the CDC and Patcharada Nawakawongkarn, Executive Director of […]
Under the Airport Carbon Accreditation (ACA), introduced in 2009 on the initiative of the Airports Council International Europe (ACI EU), Sihanouk International Airport has been upgraded to Level 3 certification of a program aimed at reducing greenhouse gas emissions while engaging stakeholders to curb their own emissions. Earlier this year, Phnom Penh International Airport, also […]
Japan External Trade Organization (JETRO) will strengthen cooperation with Cambodia’s Ministry of Commerce to help the Kingdom fully tap its export potential. The assurance was given to Samheng Bora, Secretary of State of the Ministry of Commerce, when a Cambodian delegation headed by him met with Sho Hideki, Director General of JETRO in Osaka, Japan, […]
Thai Airways and AirAsia will connect regular flight service to Siem Reap Angkor International Airport (SAI) in October, said Dy Rado, Deputy Governor of Siem Reap province. Thai Airways will start the daily Bangkok-Siem Reap route starting October 27 while AirAsia will start its air service between Phuket and Siem Reap on October 29, Rado […]
Cambodia-China Tourism Forum 2024 officially kickstarted yesterday in Siem Reap province under the theme ‘Revitalization of the Chinese Tourism Market to Cambodia: Challenges, Perspectives and Recommendations’. This forum aimed at promoting tourism and cultural exchange, especially to enhance cooperation between the two countries, promote tourist flow and attract more Chinese investors to Cambodia’s tourism sector […]
Prime Minister Hun Manet, received a delegation from the European Chamber of Commerce in Cambodia (EuroCham Cambodia) at the Peace Palace yesterday, according to a press release issued by the Spokesperson for the Prime Minister. At the outset, Ambassador of the European Union to Cambodia Igor Driesmans, who led the EuroCham delegation, praised the cooperation […]
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 80,000 French visitors. According […]