Revenue from Cambodia-based furniture production and trade has the potential to increase tenfold by 2033, expected to reach a total market value of $1.484 billion, according to a new ‘Research and Markets’ report published on Yahoo Finance this month. The report, entitled the ‘Cambodia Furniture Industry Research Report, 2013-2022 & 2023-2033’, surveys past and present […]
The Council for the Development of Cambodia (CDC) in collaboration with the National Development and Reform Commission of China (NDRC) discussed ways to establish the Industrial and Technological Corridor (ITC) to ensure a positive impact on the Kingdom’s socio-economic development. Suon Sophal, Deputy Secretary General of the Cambodian Investment Board of CDC on Wednesday organised […]
Cambodia exported 69,322 tons of dry rubber in the first quarter of 2024, an increase of 5.1 percent from 65,921 tons in the same period 2023, said a General Directorate of Rubber report on Thursday. The country made $100.5 million in revenue from exports of the commodity during the January-March period this year, up 8 […]
Reflect Festival, the premier tech & entrepreneurship event is back in Limassol for its 7th edition on May 30-31, hosted at Kolla Factory. As part of this event, ReflectX offers a dedicated startup program supporting ventures from Seed to Series A, providing unparalleled access, connections, and visibility. This year, CAPSBOLD joins as Reflect Festival’s official marketing […]
Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within the market, the Cyprus News Agency (CNA) said that the agreement may be sealed as early as the end of this week. The acquisition is expected to […]
The 25th edition of the Travel Expo Cyprus, held from April 19th to 21st at the Cyprus state fair grounds, welcomed more than 10,000 visitors, both local and international, who were keen to explore the array of travel packages on offer. Organised by the Association of Cyprus Travel Agents (ACTA) and Display Art Plc, the exhibition proved to be a […]
London-based investment fund Helikon Investments Limited has raised its stake in the Bank of Cyprus, according to an announcement by the bank. The Italian investment fund disclosed that its voting rights, corresponding to shares in the bank, now amount to 4.04 per cent of the share capital, up from the previous 2.04 per cent. Bank […]
The Ministry of Energy has announced a call for proposals under the grant scheme for energy upgrading and boosting the competitiveness of large businesses, totalling €17 million, funded by the European Union (EU), Recovery and Resilience Plan (RRP). According to a statement by the Ministry, €10 million comes from the new EU REPowerEU Plan, through the corresponding […]
Cambodia exported $543 million worth of raw cashew nuts in the first quarter of this year, a year-on-year increase of 13 percent, according to a report from the Cashew Nut Association of Cambodia. The source said the Kingdom exported 424,000 tonnes of its total production of 474,000 tonnes to Vietnam. The association’s president, Uon Silot, […]
Vietnamese conglomerate, the Truong Hai Group Corporation, better known as the THACO group of companies, has unveiled plans to expand its agricultural business within Cambodia before the end of this year. According to a press release from the firm circulated in Vietnamese media, the Cambodian expansion will include two fruit and livestock production farms and […]
On the heels of its managing director being invited by the United Nations in New York, a Siem Reap hotel has notched another high-flying accolade. TripAdvisor, the go-to name for online travel has ranked Jaya House River Park at No 18 in its list of the world’s leading hotels. TripAdvisor describes Jaya House River Park […]
Cambodia attracted 1.58 million international tourists in the first quarter (Q1) of 2024, up 22.5 percent from 1.29 million during the same period in 2023, said a Ministry of Tourism report released yesterday. Thailand was the biggest tourism market for the Kingdom during the period with 449,781 visits from the neighbouring country, though it constituted […]
The number of Chinese tourists to Cambodia rose 43 percent year-on-year in the first quarter (Q1) of 2024, said the Cambodian Ministry of Tourism’s report released on Wednesday. Almost 190,000 Chinese holidaymakers traveled to the Southeast Asian country during the January-March period this year, up 43 percent from 132,665 over the same period last year, […]
President Nikos Christodoulides on Tuesday addressed the Cyprus Employers and Industrialists Federation (Oev), during the federation’s annual general meeting, where he reiterated the government’s support for the local business communication. “Any government cannot fully develop the potential and prospects of the economy without the active participation and cooperation of businesses,” he said. “Businesses are the driving force […]
Shipping Deputy Minister Marina Hadjimanolis on Tuesday set off on a visit to Guangzhou, China, in order to partake in the naming ceremony of the newly built cargo ship ‘AAL Limassol‘, which is owned by AAL Shipping, a subsidiary of the Schoeller Holdings group, under the leadership of Heinrich Schoeller. In conjunction with this event, AAL Shipping […]
Set against Cyprus’ rapidly growing role as a centre for technology and innovation, the 2nd Cyprus – The New Global Tech & Innovation Hub Summit is ready to draw international attention once again. Scheduled for April 25 and 26, this international conference will take place in the heart of Cyprus, a country quickly establishing itself as a […]