Cambodia’s economy is projected to continue its momentum with an expected growth rate of approximately 6.3 percent, according to the Royal Government’s assessment of the medium-term public financial framework for 2025. The assessment was made in the statement on the draft Law on Finance for Management 2025 released by the Ministry of Economy and Finance […]
According to a news release from the National Bank of Cambodia (NBC) on Wednesday, Cambodia’s banking and financial institutions reported slow growth in lending during the first 10 months of 2024. Outstanding loans increased by 2.2 percent year-on-year to $60.9 billion by October this year, the news release said. It added that the growth was […]
Prime Minister Hun Manet Wednesday said that the Royal Government has set a goal to transform and develop border areas nationwide, starting with the northeastern border. During a meeting with the Cambodian Oknha Association (COA) and the Housing Development Association of Cambodia (HDAC) in the Peace Palace, Mr Hun Manet called on domestic companies to […]
As of mid-December, Prey Veng rice exports to Vietnam reached 2.94 million tonnes worth over $836.67 million, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Monday. Ouk Samnang, Director of the Department of Agriculture, Forestry and Fisheries of Prey Veng Province told the media during a programme on the ‘Dry Season Rice Production […]
ExxonMobil’s drilling rig will start drilling in mid-January at the ‘Electra’ target, located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ), for approximately one month, Energy Minister George Papanastasiou said on Thursday. “The geological structures we observe at ‘Electra’ are optimistic,” he told CNA. Papanastasiou explained that ExxonMobil’s drilling rig will be used for two drillings, one […]
Preparations for the ‘Celebrate Cambodia’ themed New Year’s Eve celebration are underway in Phnom Penh. A parade with 3000 participants is planned in front of the Royal Palace with lots of fun events and artistic performances. All images: Fresh News x
Good for grabbing food on the go The Limassol Agora opened its doors approximately four years ago, having been renovated and transformed from the old-school Pantopoleio into a modern all-day venue. Not much has since changed since its launch, aside from a few things being rearranged and some of the shops and restaurants having closed, […]
Cypria Auctions is proud to announce the successful sale of the iconic Portrait of Katerina Botsari by Joseph Karl Stieler, which achieved a remarkable hammer price of €210,000, significantly surpassing its estimated value of €90,000 – €180,000. The auction, held on 10 December 2024 at Gallery K in Nicosia, Cyprus, witnessed a dynamic and competitive bidding process with over 14 […]
The Cambodian Embassy in Japan in collaboration with the ASEAN-Japan Center plans to organise the ‘Cambodia Foods Show’, to promote food diplomacy and enhance import-export activities of Cambodian goods as part of the country’s economic diplomacy strategy. Tuy Ri, Cambodian Ambassador to Japan, and Sin Saray, Commercial Attaché to the Cambodian Embassy in Japan, Tuesday […]
The Ministry of Commerce has registered 9,412 trademarks as intellectual property in the first 11 months of this year, a year-on-year increase of 9.2 percent, according to a ministry’s annual report. Since the start of the year, the ministry has received a total 11,789 trademark proposals for registration, up 16.45 percent compared to the same […]
Cambodia’s exports to the European Union (EU) surged to $4.03 billion in 2024, an increase of 20.45 percent compared to the same period last year, according to a report released by the Ministry of Commerce (MoC). Trade volume (exports and imports together) between Cambodia and EU reached $4.88 billion, an increase of 15.10 percent, the […]
The Kingdom exported $8,255 million worth of goods to the Regional Comprehensive Economic Partnership (RCEP) countries in the first 11 months of this year, up 14.35 percent from $7,219 million in the same period last year, said a report released by the Ministry of Commerce. From January to November this year, the Kingdom imported $23,111 […]
The Coastal City Development Group Co Ltd (Coastal City), a prominent Chinese firm, has announced a new project in the Dara Sakor area called the ‘Koh Sdach Port Market,’ which could potentially become the first marine market in Cambodia. The announcement of this commercial project, covering 1.7 hectares in Dara Sakor, a large-scale development area […]
The Ministry of National Economy and Finance sets five key priorities in the conduct of economic policy for 2025. Ministry officials told the Athens-Macedonian News Agency that these are expected to be included in the relevant portfolio of priorities per ministry for next year, which will be served to each minister either at Monday’s cabinet […]
The Paphos Regional Board of Tourism (Etap) has welcomed the signing of a new agreement for the second phase of infrastructure development at Larnaca and Paphos airports. In a statement released following the signing of the new agreement, Etap expressed satisfaction that longstanding operational issues and strategic demands related to Paphos airport are finally being […]
In a landmark achievement for Cambodia’s maritime industry, the Sihanoukville Autonomous Port (PAS) has officially surpassed the 1 million TEU (Twenty-foot Equivalent Units) milestone in annual container throughput. This accomplishment, marked by a 29% year-on-year increase, signals the growing importance of Cambodia’s sole deep-sea port as a key player in regional and global trade. Prime […]