The Central Bank of Cyprus (CBC) this week released detailed interest rate data for deposits and loans from individual credit institutions. This marks the first instance of this report being published, with the CBC saying that these will be published on a monthly basis from now on. In addition, the CBC said that this initiative, which began with data […]
During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. According to the Ministry of Agriculture, Forestry, and Fisheries, Cambodia has cultivated 580,000 hectares for cashew growing nationwide, with an average yield of about 1.5 tonnes […]
Senate president Hun Sen urged the South Korean government to encourage more Korean financiers to invest in Cambodia, assuring that the country would protect them and ensure peace for all foreign investors. He made the remarks during a meeting with South Korean National Assembly speaker Woo Won-Shik on the sidelines of the 25th World Knowledge […]
The Republic of Cyprus’ airports recorded their largest ever passenger numbers during the first eight months of the year. In total, exactly 8,179,421 passengers passed through Cyprus’ two airports between January and August – a 4.7 per cent increase compared to the same period last year. This figure was bolstered by the fact that more than […]
Prime Minister Hun Manet inaugurated the expanded container terminal at the Sihanoukville Autonomous Port (PAS) today, September 12, which now has the capacity to handle up to one million twenty-foot equivalent units (TEU) annually. The expansion, which added 253 metres to the port, began in May 2023 with a total investment of $37.5 million. Of […]
The groundbreaking ceremony of the ‘Cambodia-Korean Friendship Bridge’ – the largest and longest bridge in the Kingdom – will begin in 2025, said Yoon Suk-Yeol, President of the Republic of Korea (RoK). The construction date was revealed in response to a query by Hun Sen, President of Senate, who led the delegation to meet with […]
Cashing in on the global exposure of an international event in the Kingdom, authorities are pinning hopes on the Siem Reap-Angkor Summit on a Mine-Free World to boost tourism. The high-profile event is scheduled for November 25-29 in Siem Reap province. According to Deputy Secretary General of the Cambodian Mine Action and Victim Assistance Authority […]
The period between January-August 2024 recorded the highest ever passenger traffic at the Larnaka and Pafos airports, the Ministry of Transport, Communications and Works has said. The Ministry noted in a press release that airport traffic during that period reached 8,179,421 passengers, showing an increase of 4.67% compared to 2023. The steady upward trend in […]
Approximately one in four employees, estimated to number 122,315 people, are expected to work in sectors contributing to the green economy, according to Cyprus’ Human Resource Development Authority (HRDA). The European Union (EU), through its European Green Deal, has set ambitious targets that include implementing policies and measures to achieve climate neutrality by 2050. A […]
My quest for great coffee continued in Siem Reap, Cambodia, though my hotels really came through and diminished my need to seek coffee outside. Best Coffee In Siem Reap, Cambodia One of my favorite parts of travel is finding the best coffee shop in each city. I look forward to doing it, and it has […]
Government employment in Cyprus recorded a 3.9 per cent increase in the first eight months of this year compared to the same period in 2023, according to a report released this week by the Cyprus Statistical Service (Cystat). According to the report, the total number of people employed by the government reached 52,452 in August […]
The National Development and Reform Commission (NDRC) of the People’s Republic of China (PRC) is committed to encouraging the Chinese companies investing in the construction of the Funan Techo Canal (FTC) to accelerate its implementation, keeping the deadline set by the Royal Government of Cambodia (RGC). The FTC project came up for discussion during the […]
The Cambodian tyre market is set to witness a significant boost as two new tyre factories with a combined investment capital of nearly $700 million enter the country. The two tyre factory investment projects were approved by the Council for the Development of Cambodia (CDC) in August 2024. According to the CDC, the investment project […]
Yura Harness, the South Korean car electronics assembly plant operating in the Kampong Speu province of Cambodia, is looking into expanding its operations in the country, in a move that can create more jobs for local people. Representatives of Yura Harness (Cambodia) discussed the expansion plans during a courtesy call on Cheam Chansophoan, Governor of […]
The Deputy Ministry of Social Welfare has announced the commencement of a one-off grant of €150 as part of the support package for families with school-aged children for the 2024-2025 school year. This one-off grant amounts to €150 per family and will be paid directly into the bank accounts of families eligible for the child allowance, […]
Larnaca and Paphos airports experienced their busiest month ever in August 2024, with a total of 1.6 million passengers passing through. This marks a significant increase of 5.7% compared to the same period last year. According to ACI EUROPE, the top markets for Cypriot airports were the United Kingdom, Greece, Israel, Poland, and Germany. The most popular […]