When we think of traditional businesses, the images that come to mind often involve desks, long working hours and an endless grind. For many women, especially in Cyprus, this has been the standard route to financial independence and success. But what if you could break away from the standard pattern, embrace your creativity, and build […]
Agoda’s Sustainable Tourism Impact Fund holds promise for small businesses in Southeast Asia’s tourism sector, but with greenwashing concerns on the rise, its impact depends on transparency and measurable outcomes Online travel agency Agoda on Monday announced the launch of its Sustainable Tourism Impact Fund at the ASEAN Tourism Forum 2025 in Malaysia. Developed in […]
Tourist arrivals in 2024 surpassed 4 million for the first time, breaking the previous record of 3,976,777 set in 2019. Deputy Tourism Minister Kostas Koumis hailed the milestone as a historic achievement, accompanied by another record: revenue is projected to exceed €3 billion. Arrivals increased by 5.1 per cent compared to 3,845,652 tourists in 2023. December […]
Cambodia reported a total of 6.24 million air travellers in 2024, a year-on-year increase of 22 percent, an official said on Wednesday. Sinn Chanserey Vutha, a secretary of state at the State Secretariat of Civil Aviation, said that international and domestic airlines operated 58,354 flights to the kingdom’s three international airports last year, a 14 […]
More than 11 million people visited Phnom Penh – a city with a population of barely 2.4 million – last year as Cambodia rides a wave of some of the fastest economic growth in Asia and a booming tourism industry. That was an increase of 63 percent over 2023, Phnom Penh Governor Khuong Sreng said […]
Cambodia’s two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), saw remarkable growth in revenue in 2024, according to the annual report of the Ministry of Public Works and Transport released yesterday. PAS, the Kingdom’s largest seaport, handled 9.60 million tonnes of containerized cargo tonnage last year, an increase of 21.67 […]
The European Commission has highlighted what it has described as Cyprus’ “notable transformation” in its vehicle market during 2024, with electric vehicles (EVs) and hybrids steadily gaining traction. “EVs doubled their market share, accounting for 4.0% of total registrations, up from 2.7% in 2023. Meanwhile, hybrids surged to 37.1%, reflecting shifting consumer preferences toward sustainable […]
Shipping Deputy Minister Marina Hadjimanolis, and Gender Equality Commissioner Josie Christodoulou hosted a press conference on Wednesday at the Presidential Palace to launch the ‘Women in Shipping’ campaign. This initiative, a collaboration between the commissioner and the Deputy Shipping Ministry, seeks to raise awareness and highlight the growing role of women in the maritime sector. […]
The electronic money institutions (EMIs) sector is experiencing rapid growth, driven by the increasing demand for digital transactions, according to Moneygate founder and CEO Nicolas Treppides. “As we step into 2025, the outlook for EMIs remains highly promising, though emerging challenges are shaping a dynamic and demanding landscape,” he explained. Treppides also commented on the […]
The Bank of Cyprus has made significant progress in implementing measures designed to alleviate financial pressures on its customers, particularly through reduced charges and lower interest rates. According to the bank, nearly all the commitments announced have been fulfilled, with additional initiatives underway. As of January 10, the bank has introduced a series of subsidies […]
Cyprus-based venture capital company 33EAST, supported by the European Investment Fund, has raised €26 million to launch its first venture capital fund, aiming to boost the island’s start-up ecosystem and foster innovation. The fund, launched in January, is backed by the Cypriot government through the ‘National Recovery and Resilience Plan’, the Bank of Cyprus, and […]
The European Banking Authority (EBA), in coordination with the European Systemic Risk Board, has released macroeconomic scenarios to assess the resilience of banks in Cyprus as part of the EU-wide 2025 stress test. The scenarios, which include baseline and adverse projections, aim to evaluate the financial sector’s ability to withstand negative economic and financial shocks while identifying systemic risks. […]
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action.CNN — The rugged Annamite Mountains, which stretch across Laos, Vietnam and northeast […]
The tourism industry is buzzing with news of a groundbreaking partnership between Asean member countries and Australia. At the Asean Tourism Forum (ATF) 2025, ministers unanimously agreed to solidify tourism ties, aiming to redefine travel trade and open up fresh opportunities in the tourism sector. With a vision to promote deeper connections, Malaysia spearheaded the […]
Cambodia must reshape its export strategies to meet strict European Union guidelines as the Kingdom loses the benefits of Least Developed Country (LDC) status, says a key UN body advising on the transition. Cambodia will lose benefits such as tariff and quota exemptions when it graduates from LDC status in 2029. “Re-calibrating Cambodia’s growth model […]
A Ministry of Commerce report on Tuesday said Cambodia’s trade volume with its fellow ASEAN member states reached $15.69 billion in 2024, up 12.4 percent from $13.96 billion in the year before. The kingdom exported products worth $5.07 billion to other ASEAN (the Association of Southeast Asian Nations) countries last year, up 7.6 percent from […]