Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent for 2025 but revised its earlier inflation projection for this year from 2.0 percent to 0.5 percent. According to the Asian Development Outlook (ADO) September 2024, ADB revised the […]
Honda Motor Co. Ltd., the Japanese automobile giant, has recently confirmed the company’s intentions to expand manufacturing investments in the Kingdom in upcoming periods, following 25 years of successful operations in the country thus far via its local subsidiary N.C.X. Co., Ltd. The decision was conveyed during a meeting between the company’s high-level representatives led […]
‘The EU is committed to its partnership with Cambodia to promote the green and digital transitions and to accompany the Kingdom in its upcoming graduation from Least Developed Country status’ Cambodia’s export to the European Union (EU) continues to surge with export value to the bloc recording $2.9 billion in the first eight months of […]
Deputy Prime Minister Sun Chanthol, who is currently visiting the US heading a Cambodian delegation comprising officials and members of the private sector, has urged leading cloth-makers Levi Strauss & Co to explore the possibility of investment to expand its production scope in Cambodia. Levi Strauss & Co, well-known for their Levi’s jeans and jackets […]
The car market is continuing its upward momentum, with the first eight months of the year living up to the expectations of dealerships and others involved in the market. In the first eight months of 2024, passenger saloon car registrations rose by 13.1% to 26,902 compared to 23,777 in the same period last year. About […]
Cyprus will dispatch a business delegation to Slovakia and the Czech Republic to boost ties and foster collaborations across several sectors, according to an announcement released on Wednesday. These sectors include information, communication, and technology (ICT), financial services, and investment funds. The delegation will host business forums in Bratislava and Prague to facilitate this effort […]
The Cyprus Quality Association, a member of the Cyprus Employers and Industrialists Federation (Oev), on Tuesday announced the launch of the Cyprus Quality Leader 2025 competition, now in its twelfth consecutive year. According to a statement from the association, the competition has become “a well-established institution and serves as the premier event for promoting quality […]
The State Secretariat of Civil Aviation (SSCA) Tuesday said that five or six new airlines will establish direct connections to Cambodia’s international airports, citing the country’s growing popularity as a tourist destination and a business hub. SSCA’s Secretary of State and Spokesman Sinn Chanserey Vutha said that the SSCA has noted a steady increase in […]
The great thing about golf (at least when you are playing well) is that it leaves you craving more. Visitors tackling either of the Brian Curley-designed tests — Lake and Palm — at Chhun On Golf Resort just outside Phnom Penh, Cambodia’s capital, can take advantage of a spectacular extra helping in the shape of the […]
The Mayor of Paphos and the Rector of the Cyprus University of Technology (CUT) sampled student life on Monday, spending the night in a newly built student dorm to evaluate its facilities before its official opening. Mayor Phedon Phedonos and Rector Panagiotis Zaphiris, along with other officials and student representatives, dined on a traditional Cypriot meal of […]
The Royal Government of Cambodia (RGC) and the Kyrgyz Republic Monday signed a memorandum of understanding (MoU) to establish bilateral consultations while discussing the possibility of enhancing trade and investment between the two countries. The agreement was signed by Sok Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation (MFAIC) and […]
Cambodia has successfully exported cashew nuts for the first time to Henan Province, China, after two fruitful meetings in July and August between Cambodian government officials, air freight companies and buyers. The Ministry of Agriculture, Forestry and Fisheries (MAFF) announced the exports on Sunday. According to an official release, the exports were finalized after a […]
Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest trade data of the General Department of Customs and Excise (GDCE) showed. The rising exports also ensured that Japan is now the fourth biggest export destination of […]
AirAsia Cambodia is set to spread its wings further by adding a new route from Siem Reap to Singapore from November 9, 2024, according to a press release on Monday. Nam Vissoth, CEO of AirAsia Cambodia, said that the new route comes in addition to the already announced Siem Reap to Phuket route, also scheduled […]
President of National Assembly, Khuon Sudary, recently urged Chen Jiaquan, Deputy Director General of the Foreign Affairs Commission of the Standing Committee of the Guangdong Provincial People’s Congress in China to encourage more people to invest in Cambodia. Sudary met with Chen Jiaquan at the International Airport in Guangzhou city, Guangdong Province on Sunday briefly […]
Invest Cyprus, in collaboration with the Cyprus Chamber of Commerce & Industry (CCCI) and CCI France Liban, organised an Investment Forum this week during the latter’s visit to Cyprus. According to Invest Cyprus, the keynote speaker, Deputy Minister for Research, Innovation, and Digital Policy Nicodemos Damianou, delivered an insightful presentation on Cyprus as an emerging […]