Cambodia has recorded a significant rise in the number of Chinese tourists to its famed Angkor Archaeological Park in the first two months of 2024, according to the state-owned Angkor Enterprise’s report on Thursday. The report said 16,074 Chinese holidaymakers visited the Angkor during the first two months this year, up 140 percent from 6,690 […]
Cambodia provides tremendous investment opportunities, especially in key sectors such as infrastructure and energy and its open Investment Law is an added attraction, said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), to a delegation of the Vietnam Cambodia Business Association (VCBA), recently. The Deputy […]
Cyprus will participate in the €19-billion project of electricity interconnection linking Cyprus, Greece and Israel, called “Great Sea Interconnector,” provided the conditions set out by the Cabinet are met, Finance Minister Makis Keravnos has said. Keravnos’ comments on 7 March came following the call by the Greek Independent Power Transmission Operator (IPTO) for Cyprus to […]
Eurobank Cyprus on Friday released its financial results for the year 2023, posting an after-tax profit of €199.4 million, reflecting a significant increase of 111 per cent over the previous year. In addition, the bank’s results showed enhanced capital adequacy, as well as notable improvements in operational costs. The positive outcomes affirm the bank’s resilient trajectory, effective management of […]
The Cyprus Registry marked its 60th anniversary of participation in global shipping activities earlier this week, highlighting its journey towards becoming a key player through a strategy focused on responsible and sustainable growth. Celebrated at the Great Britain Hotel in Athens, Greece, the event underscored the strong connection between Greek and Cypriot maritime sectors. The gathering was attended […]
This feel-good dinner makes the most of your time. Because you’re busy. You don’t have all day. I hear you. That’s where multitasking comes in: While hunks of Halloumi cheese and pita shards toast in the oven, you’ll slice up juicy citrus (snag blood oranges if you can for their vibrant hue), kicky shallot, kickier […]
US Department of State assistant secretary for East Asian and Pacific Affairs Daniel Kritenbrink said he had a range of “productive conversations” with Prime Minister Hun Manet on how the US and Cambodia can deepen their relationship and address contentious issues. During his February visit to Phnom Penh, Kritenbrink met with Manet and Minister of […]
Cham Nimul, Minister of Commerce, met with Senator Hon Tim Ayres, Assistant Minister for Trade and Assistant Minister for Manufacturing of Australia, to discuss and strengthen friendship and bilateral economic and trade relations between Cambodia and Australia on March 5, 2024. The meeting was held on the occasion of accompanying Prime Minister Hun Manet to […]
Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce (CCC) and Chair of ASEAN Business Advisory Council Cambodia, encouraged and invited Australian companies to explore the diverse opportunities that Cambodian market presents and asked Australia to contribute their expertise to shared success as Cambodia offers as a gateway for Australian businesses seeking to diversify […]
Cambodia has experienced a stable growth of exports to foreign markets despite a slowdown in global demand and a war crisis, a senior official of the Ministry of Commerce said. Cambodia’s exports were worth $1,967 million in January of 2024, a 27 percent increase compared to the same period in 2023, a General Department of […]
The Council for the Development of Cambodia (CDC) on Wednesday said that it working towards attracting investment partners from Australia. The CDC would also be exploring with other government departments and business chambers ways to boost semi-finished and processed product exports to Australia. The CDC in a statement on Wednesday said the Cambodia Investment Committee […]
Commercial Aircraft Corporation of China, Ltd. (COMAC) conducted flight displays of its ARJ21 and C919 commercial aircraft in Cambodia yesterday. Showcasing of the two jetliners in Cambodia was part of the COMAC’s demonstration of flights in Southeast Asian countries such as Vietnam, Laos, Cambodia, Malaysia and Indonesia. The flight demo took place at the Phnom […]
China-based tyre manufacturer Shouguang Firemax Tyre Co., Ltd., has made plans to invest in a radial tire production facility in Cambodia, according to recent Chinese media reports. The overseas expansion project has been initially valued at $190 million. Once operational, the company’s new Cambodian-based facility is expected to boast an annual capacity to manufacture 8 […]
Cambodia’s efforts to get back the Generalized System of Preferences (GSP) concessional trade status, given by the US to select countries, are yet to succeed but W. Patrick Murphy, the US Ambassador to the Kingdom, recently indicated that he supported the initiative. During a meeting with Bin Trachhey, Minister of Planning, on Tuesday, Murphy reportedly […]
The Green Climate Fund (GCF) has approved the Cambodian Climate Financing Facility (CCFF) during its 38th board meeting in Rwanda. This initiative, with concessional funding of $100 million, aims to support Cambodia’s transition towards a green economy. The CCFF is a $100 million loan facility strategically designed to provide long-term concessional financing to sustainable private […]
Training and financial literacy will be keystones to improving insurance penetration in Cambodia in the next five years, said the Insurance Regulator of Cambodia (IRC). Towards this end, the IRC is planning to set up the National School of Insurance in the Kingdom, officials from IRC said at an event on Tuesday. Insurance penetration in […]