A Ministry of Commerce report released on Wednesday said Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose to $14.17 billion in the first five months of 2024, up 14.2 percent from $12.4 billion over the same period last year. The report said the country’s trade with fellow RCEP members accounted for 65.6 […]
The first phase of the Kampot Multipurpose Port was officially inaugurated on Thursday signalling a new chapter in the nation’s logistics and maritime transportation sector and opening a new gateway for Cambodia to global trade. Addressing the inauguration ceremony, Prime Minister Hun Manet emphasized the port’s role as a new international gateway for Cambodia. He […]
Despite subdued domestic demand, the Kingdom’s economy will grow at 5.8 percent this year, 6.1 percent in 2025 and 6.4 percent in 2026, a rise of three percent annually for the next two years, driven by a revival of services and goods exports, the World Bank said in a report. World Bank launched the first […]
The Sokimex Group states that it has so far invested about 800 million US dollars to develop Bokor Mountain in Kampot province. Mr Sok Kong, who owns the Sokimex Group, say that the $ 800 million spent has not yet been recouped, but it is hoped that the investment projects that the company is developing […]
The volume and value of retail trade transactions in Cyprus saw a notable increase in April 2024 compared to the same month in 2023, according to a report released this week by the Cyprus Statistical Service. Specifically, the Retail Trade Turnover Value Index rose by 6.5 per cent in April 2024 compared to April 2023. […]
PHNOM PENH, June 5, 2024 – Under the leadership of the Cambodian People’s Party, spearheaded first by former Prime Minister Hun Sen and now by Prime Minister Hun Manet, Cambodia has implemented highly favorable tax policies. These policies are particularly aimed at supporting low-income and impoverished individuals by minimizing their tax burdens. The government has […]
Another cruiser “The World” with the flag of the Bahamas docked at the Sihanoukville Autonomous Port, Preah Sihanouk province, on Jun. 4 for a four-day visit to Cambodia. The cruiser brings along 190 tourists (80 female) of 28 different nationalities and 289 crew members (47 female) of 35 different nationalities. It had departed from Thailand […]
The Angkor Enterprise has announced that in the first five months of 2024, the total revenue from ticket sales at Angkor was more than 22 million US dollars, an increase of nearly 40 percent compared to last year. According to a press release from the Angkor Enterprise, in the first five months of 2024, the […]
PwC Cyprus once again demonstrated its commitment to supporting Reflect Festival, one of the most prominent technology and startup conferences in the region, which took place on May 30-31 in Limassol. As a gold sponsor of this year’s festival, PwC Cyprus reinforced its role in what has become the premier technology and business festival in […]
The Cypriot economy grew by 3.4 per cent in the first quarter of 2024 compared to the same period in 2023, with the construction sector showing the largest increase at 10.2 per cent, according to a report released this week by the Cyprus Statistical Service. Specifically, the growth rate of the economy for the first […]
Cyprus’ flagship tech & startup festival, Reflect Festival, returned to Limassol, welcoming 9,000 entrepreneurs, investors, and tech enthusiasts in an ambitious new venue. Reflect Festival successfully wrapped up another edition fueled by a passion for innovation and tech, bringing together 9,000 attendees to discuss technology, startups, and innovation. The 7th edition marks the biggest conference […]
The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock Exchange. This transaction, valued at approximately €482 million, marks the largest IPO on the Bucharest Stock Exchange in the last five years. Our team, led […]
Cypriot firm Ask Wire, a real estate data analytics company, this week announced the successful completion of its equity extension round, securing funding to support its expansion into key European markets, particularly Greece and Romania. According to the announcement, the majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, […]
Sun Chanthol, Deputy Prime Minister and First Vice President of Council for the Department of Cambodia (CDC), received a courtesy call on June 4 from Patrick Murphy, Executive Vice President of Rice and Grains/Global Sourcing at Otis McAllister, Inc., and a delegation from the Rice Federation of Cambodia. During the courtesy call on the occasion, […]
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) – a non-profit organisation – on Monday proposed the Council for the Development of Cambodia (CDC) to promote local enterprises by allowing the delegation to take part in the overseas trip, luring foreign investors to explore investment opportunities in processing Khmer agricultural products. […]
Heng Sour, Minister of Labour and Vocational Training, met with Casey Barnett, President of the American Chamber of Commerce in Cambodia (AmCham), at the Ministry on June 3, 2024. During the meeting, the Minister and Barnett discussed the challenges of increasing labour productivity in the production chain to make the Cambodian workforce more productive and […]