Fatima Yasmin, Vice-President of the Asian Development Bank (ADB) is confident that Cambodia will be able to achieve her carbon neutrality goal by 2050 through the launch of inclusive and climate resilient policies and initiatives. The ADB vice-president expressed her conviction when she led delegates of the 6th Greater Mekong Subregion Environment Ministers’ Meeting (GMS […]
Authorities are expecting large crowds at the annual Autumnal Equinox at Angkor Wat next week. The iconic equinox takes place twice a year between March 20-22 and September 21-23. Tourists traditionally flock to Angkor for the spectacular equinox, with the sun perched at the top of Angkor Wat in a spectacular fashion (Source: khmertimeskh)
The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the bank, the rate will drop from 4.25 per cent to 3.65 per cent, effective from September 18, 2024. The bank explained that this move is a reaction to the ECB’s decision […]
Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). The shareholder vote took place during an extraordinary general meeting (EGM) at the bank’s headquarters in Nicosia. The move, subject to final approval from the ATHEX Listing Committee […]
Deputy Minister of Shipping Marina Hadjimanolis recently highlighted the importance of maritime education while speaking at the ceremony of the Merchant Marine Academy of Chios. During her speech, which took place on September 7, Hadjimanoli said that “our seafarers are the backbone of global shipping,” and stressed that “the main aim of the Deputy Ministry […]
Larnaca Marina’s berthing fees are “considered very competitive” compared to other commercial marinas on the island, according to the transport ministry. The ministry made the statement as part of its preparations for the end of the contract concerning the integrated development of Larnaca Port and Marina, which terminates on May 27, 2024. In a bid […]
The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Baltic States Business Association. According to an announcement from the chamber, this initiative was implemented “in the context of its continuous effort to open new roads and prospects for Cypriot companies”. The chamber explained that the new association was created […]
Visitor numbers at restaurants, cafes and bars in Cyprus reached 90 per cent of their total capacity in August, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (Osika). Speaking to the Cyprus News Agency (CNA), Thrasyvoulou noted that “August was a positive month for the sector, although some areas, such as […]
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 […]