Phnom Penh: Former Prime Minister and current Senate President Samdech Techo Hun Sen commemorated the 40th anniversary of his election as Chairman of the Council of Ministers—now known as Prime Minister—on January 14, 2025, a milestone marking his long-standing leadership in Cambodia. In a post on social media, Samdech Techo Hun Sen stated, “Today marks […]
Phnom Penh: The Council for the Development of Cambodia has approved investment projects projected to create approximately 320,000 jobs across nearly 500 initiatives throughout 2024. Economists assert that this growth signals promising economic trends and job opportunities, indicative of Cambodia’s political stability under the leadership of the 7th Royal Government. Dr. Chheang Vannarith, Founder and […]
Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, will pay an official visit to the Republic of the Philippines in February, according to a news release from the Ministry of Foreign Affairs and International Cooperation. The full agenda of his official visit has not yet been revealed, but the Ministry of Foreign Affairs […]
For the period January – December 2024 average total government employment reached 54,314 persons, marking an increase of 1,615 persons (3.1%) compared to the corresponding period of 2023, according to data released by CySTAT. This increase is mainly attributed to the increase of the Educational Service casual staff, due to the abolition of the purchase […]
The Natural Gas Infrastructure Company (ETYFA) will issue a tender to select the next destination of the ‘Prometheus’ “floating liquefied natural gas (LNG) unit, as stated by Energy Minister George Papanastasiou. He also noted that the ship will remain in Malaysia for another two to three months to undergo necessary modifications while awaiting key components. […]
Andreas Demetriades, chairman of the Association of Large Investment Projects, emphasised the critical role of foreign investment in Cyprus’ development sector during the 2025 forecast presentation this week. He stated that foreign investment is not only beneficial but essential, explaining that it “drives liquidity, creates skilled jobs, and transfers valuable know-how to Cyprus—key factors in […]
The first official session of the advisory committee for strengthening the competitiveness and quality of the Cyprus flag was held in Athens this week, attended by Deputy Minister of Shipping Marina Hadjimanolis. According to an announcement, the meeting aimed to “refine strategies that enhance the global standing of the Cyprus flag amidst ongoing challenges in […]
Cambodia’s exports to the United States surged to nearly $10 billion from January to December 2024, up 11 percent compared to the previous year, according to a recent report from General Department of Customs and Excise of Cambodia. The report said that the US is the Kingdom’s largest export destination, followed by Vietnam ($3.6 billion), […]
The Royal Government of Cambodia (RGC) held a meeting to review the implementation of the Cambodia Industrial Development Policy (IDP) from 2021 to 2023 to gather inputs to promote industrialisation, enhance its competitiveness and support the diversification of the national economy. The meeting, organised by Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and […]
The Council for the Development of Cambodia (CDC) approved 10 special economic zone (SEZs) investment projects worth $850 million in 2024, creating approximately 4,000 jobs, said a CDC report on Friday. Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC, presented the report in the the capital during the launch of the […]
A report released by the Cambodia Securities Exchange (CSX) yesterday has detailed major securities market developments throughout 2024, as well as laying down the exchange’s goals for 2025, which include targets such as significantly increasing daily trading values, expanding new trading accounts and introduction of at least six new listings. CSX’s report, ‘Market Situation in […]
Cyprus is a top investment destination, and Invest Cyprus plays a crucial role in supporting businesses throughout their investment journey, said Marios Tannousis, CEO of Invest Cyprus. According to a press release from Invest Cyprus, Tannousis was speaking during a discussion with Ministers from Greece, Egypt, and Cyprus about bilateral and trilateral cooperation and funding […]
The number of government employees in Cyprus has experienced an increase over recent years, according to a report released on Monday by the state’s statistical service. Specifically, the total number of government employees reached 55,248 by the end of 2024, compared to 54,546 in December 2023. In 2022, the figure stood at 53,686, while in […]
Invest Cyprus issued a statement on Monday underscoring the significance of five strategic Memoranda of Understanding (MoUs) signed on January 8 at the Egyptian presidential palace in Cairo. These agreements were formalised during a tripartite summit held in the Egyptian capital, bringing together the leaders of Cyprus, Greece, and Egypt to discuss collaboration across multiple […]
Vehicle registrations in Cyprus rose by 9.1 per cent in 2024, reaching 49,616 compared to 45,494 in 2023, according to the state’s statistical service. Electric vehicles accounted for 4.0 per cent of registrations, up from 2.7 per cent in 2023, while hybrid vehicles grew to 37.1 per cent from 29.6 per cent. Passenger saloon car registrations increased by 4.9 per cent, totalling 38,410 compared to 36,608 in 2023. Among these, 39.2 per cent were new cars, while 60.8 per cent were used. Rental […]
A decade since the Asean Economic Community was established, the region has made progress in integration and drawing FDI but many hurdles still lie ahead IT WAS 2013, the night before the launch of UOB’s Foreign Direct Investment (FDI) Advisory centre in Indonesia. It was then too, that the rupiah weakened due to global and […]