The Kingdom’s aviation sector has experienced consistent growth this year, with Cambodia’s three international airports — Phnom Penh, Siem Reap and Sihanoukville — handling over 47,000 flights in the first ten months of the year, a 10% increase compared to the same period in 2023. The number of passengers passing through these airports reached almost […]
“In Europe, the demand for sanitary and phytosanitary standards (SPS) is high,” he said. “Therefore, the fact that the factory can meet European requirements confirms that Cambodian food standards are acceptable in the international market, which is The Ministry of Mines and Energy (MME) has plans to build an oil refinery to ensure domestic fuel […]
Japan’s MIRARTH Agri Tech is set to export 250 tonnes of cashew nut products directly to the European Union (EU) market this year, with the first phase involving 16 tonnes. This significant milestone underscores the Ministry of Commerce’s ongoing efforts to identify and secure international markets for Cambodian products. Samheng Bora, Secretary of State of […]
Arrivals in 2024 are likely to exceed those of 2019, a record year, estimates Deputy Minister of Tourism, Kostas Koumis, who addressed the Parliamentary Finance Committee, during the examination of the Deputy Ministry’s budget. Specifically, he noted that arrivals for the period January-October are up 4.6% compared to the same period of 2023, while they are […]
Cyprus’ real estate market remains robust, with transactions reaching €2 billion by mid-2024, despite ongoing global uncertainty, according to a report released on Monday by Delfi Partners & Company. “Supported by strong domestic activity and stabilising inflation, the market continues to demonstrate adaptability while addressing broader challenges,” the company said. Moreover, the company noted that data on […]
The Cyprus-Austria Business Forum was a success, with more than 60 bilateral meetings taking place, according to an announcement by the Cyprus Chamber of Commerce & Industry (Keve). Held on November 21 at the chamber’s headquarters in Nicosia, the forum “brought together professionals and officials from both countries for a successful day of networking and […]
The Cyprus Composite Leading Economic Index (CCLEI), recorded an annual increase of 1.8 per cent in October 2024, according to the University of Cyprus’ Economics Research Centre (CypERC), This marks a continuation of its upward trend following annual rises of 1.6 per cent in September and 1.2 per cent in August 2024. According to the […]
The Cyprus Financial Literacy and Education Committee (CyFLEC) has marked substantial advancements in the implementation of the national strategy for financial literacy, according to an announcement released on Monday. The announcement mentioned that this latest progress update was provided following the committee’s fourth board meeting, which took place on November 22, at the Central Bank of Cyprus (CBC) headquarters […]
A new report by Cambodia Securities PLC considers significant factors that suggest the Kingdom has the potential to become Southeast Asia’s next major financial hub, based on the positive outlook of several renowned market insiders. The analysis included the nation’s strong economic growth, political stability, absence of foreign exchange controls, accelerating infrastructure and labour force […]
Koh Ker, a remote temple complex in Cambodia, has been the only Southeast Asian representative on Fodor’s Travel’s list of 25 must-visit destinations for 2025. “Keen to avoid the selfie stick-wielding tourists flocking to Angkor Wat and its surrounding temples? Consider Koh Ker, a sprawling archaeological site that provides a fascinating insight into lesser-known aspects […]
A robust entrepreneurial ecosystem is critical to driving economic growth, expanding domestic and international markets as well as reducing imports and boosting exports, said Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF) yesterday. Addressing the first ‘Entrepreneurial Ecosystem Day 2024’ at the Diamond Island Convention & Exhibition Center in the capital, […]
PHNOM PENH: According to the Agency Kampuchea Press (AKP), Prime Minister Samdech Techo Hun Manet presided over the official opening of the Techo Santepheap Angkol Beach Road in Kep province this morning. The 12.645-kilometer road, situated in Angkol commune, Damnak Chang-er district, Kep province, was constructed by KIRI Dangrek Construction Co., Ltd. and M.T.A Construction […]
The Council for the Development of Cambodia (CDC) is poised to revolutionize investment procedures with the official launch of the CDC Investment Project Management System (cdcIPM) on Wednesday. This innovative system aims to streamline and digitize investment procedures, making it easier for businesses to invest in Cambodia. The cdcIPM is a technology system that allow […]
It’s not even a big traditional holiday, so why do some of us put up our trees as early as October? Christmas seems to come earlier and earlier, the unofficial starting point for the festive season – December 1, at least according to Advent calendars – getting progressively pushed back. Supermarkets have been playing carols […]
magine a world where your dollars stretch further, your adventures last longer, and every experience feels like a steal. Welcome to the realm of budget-friendly travel, where three destinations stand out as havens for thrifty explorers. Thailand, Vietnam, and Cambodia – a trifecta of affordability that promises unforgettable journeys without breaking the bank. From bustling […]
Cypriot President Nicos Christodoulides has said he is proud of the upgrade by Moody’s, and expects the development to attract quality foreign investment and generate new jobs. Moody’s has given the Republic of Cyprus a two-notch upgrade in its credit rating, raising it from Baa2 to A3, and has changed its outlook to “stable”. The […]