Minister of Energy, Commerce and Industry George Papanastasiou said on Tuesday that in the coming days there will be news as regards the departure of the floating storage and regasification unit (FSRU) ‘Prometheus”‘ from Shanghai, China. “We expect in the coming days, perhaps even within the week, to hear about the departure” of Prometheus, the Minister said replying […]
Investors must ‘cut through the noise’ and focus on establishing a long-term strategy that aligns with their investment goals Short-termism has become a dominant feature of the investment landscape. Amid market volatility, geopolitical tensions and an overwhelming flow of news, staying focused on the bigger picture has become more challenging. The constant bombardment of news […]
The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming meeting on December 12. “This move will directly impact the monthly instalments of their clients’ loans,” the association said in a statement. The association pointed out that the ECB is set to […]
The Special Investment Promotion Programme for Preah Sihanouk Province, launched on January 31, 2024, by Prime Minister Hun Manet, has mobilized $6.03 billion in investments from 215 projects as of last month. This was disclosed to Khmer Times by Long Dimanche, Deputy Governor of Preah Sihanouk province, recently. Launched mainly to address the issue of […]
A relative newcomer to the island has enjoyed wandering off the beaten track. What did he find? By Nofar Ronen Most visitors associate Cyprus with its stunning beaches and luxurious resorts, but there’s so much more to the island. Having lived here for over 3.5 years, I’ve discovered hidden gems that many aren’t familiar with […]
Cambodian Prime Minister Hun Manet said the Royal Government will continue to support and encourage investment in education and health as these sectors will never end. Addressing the groundbreaking ceremony for the construction of the University of Health Sciences Hospital under the concessional loan from the Government of the Republic of Korea, in Khan Sen […]
A three-day arts festival – featuring film screenings, a still film photo exhibition, Khmer performing arts, a concert featuring Princess Norodom Jenna, a fashion show and even the announcement of a screenwriting competition winner – got underway this morning in Chroy Chngavar. The Domner Khmer Art Festival was organised by a group of dedicated young […]
Phnom Penh Designers Week is set to return with its Fall/Winter 2024 edition, themed “Fashion in a Changing World”. Despite the relatively small size of Cambodia’s fashion industry, this bi-annual event has become a crucial platform for local designers to showcase their talent and creativity. Scheduled for December 7, the event will take place at […]
The Kingdom is gearing up for a transformative trade event as the Ministry of Commerce unveils the ‘Cambodia Trade Expo 2024’ (CTF), scheduled to take place from December 13-16 at the PH Center’s French Hall in Borey Peng Huot in the capital. The expo promises to be a pivotal platform for local producers, international buyers, […]
Cambodia approved 386 fixed-asset investment projects worth 6.4 billion during the first 11 months of 2024, generating over some 305,000 jobs, said a Council for the Development of Cambodia (CDC)’s report on Friday. The new projects were mainly focused on garment, travel goods, and footwear sectors, hotel development, hydroelectric power station, freshwater port, solar power […]
Academician Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of Cambodia, projected that Cambodia’s economic growth in 2024 will be 6 per cent, mainly supported by continued momentum in export-oriented sectors and the garment sector. With sustainable peace, social order, safety and security, and political stability as strong foundations, Cambodia has consistently […]
The first Green Community of Kato Pyrgos has been presented by President Christodoulides during a full day visit in the area, accompanied by his Cabinet. During the 7 December visit he announced projects worth a total of €55 million for Tillyria and Polis Chrysochous areas and €50 million for the expansion of the port of […]
Setting goals, starting early and diversifying your portfolio Smart investing comes down to a few key principles that when linked to an individual’s financial goals ensures preparedness and peace of mind. With the rise of digitalisation and easy access to information, it’s easy to become overwhelmed about where you should start, what you should choose […]
Hybrid vehicles claim 36.9 per cent of new cars Motor vehicle registrations in Cyprus rose by 10.1 per cent from January to November 2024, with the growing popularity of electric and hybrid vehicles driving the market shift. According to the statistical service, electric car registrations increased to 4 per cent, while hybrids surged to 36.9 per cent, reflecting changing consumer preferences. […]
Limassol topped Cyprus’ property market from January to September 2024, leading in sales values for houses and apartments, according to a report from Nicosia-based firm Landbank Analytics. The report, which reviewed data from the Department of Lands and Surveys from January to September 2024, shed light on contracts of sales in Cyprus. In the Nicosia […]
Research and Innovation Foundation (RIF) director general Theodoros Loukaidis was recently presented with the Athenian Glaive award in Athens. According to an official announcement released on Monday, the RIF chief was given the award for his “instrumental role in positioning Cyprus as a leader in research and innovation”. The award was presented by Cyprus’ Ambassador […]