Vietnam and Thailand agreed to coordinate with relevant nations to pilot the “Six Countries, One Destination” initiative to drive regional tourism. Vietnamese Prime Minister Pham Minh Chinh met with his Thai counterpart Paetongtarn Shinawatra on the sidelines of the 44th and 45th ASEAN Summits and Related Summits in Vientiane, Laos, on Wednesday where the two […]
PHNOM PENH: Prince Bank, a leading financial institution in Cambodia, has been honored with the prestigious International Banker Award for the fifth consecutive year, solidifying its position as a trailblazer in the nation’s banking industry. The bank first received this esteemed award in 2020. This accolade highlights Prince Bank’s unwavering commitment to excellence, innovation, and […]
Cambodia and Thailand Wednesday held talks on establishing special economic zones, enhancing people-to-people connections, promoting tourism, besides strengthening bilateral cooperation between the two countries. Discussions on the key areas were held during a bilateral meeting between Prime Minister Hun Manet and Thai Prime Minister Paetongtarn Shinawatra on the sidelines of the 44th and 45th ASEAN […]
Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. From January to September, the Kingdom imported $21 billion worth of goods to […]
Labour Minister Yannis Panayiotou on Thursday spoke about the importance of digital and green skills in supporting Cyprus’ economic growth at a meeting of the Human Resources Development Authority’s (Anad) new board. The meeting, attended by Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou and Environment Commissioner Antonia Theodosiou, focused on Cyprus’ policy […]
Cyprus’ trade deficit reached €4.98 billion in the January-August period, down 18.5 per cent compared to €6.12 billion in the same timeframe last year, according to a report by the Cyprus Statistical Service (Cystat). This improvement reflects a 15.5 per cent reduction in total imports, which amounted to €7.58 billion in the first eight months […]
By Rita Beyrouthy As the financial landscape evolves, with technology and digital finance shaping how investors access markets, it is important to focus on how these innovations can empower and protect investors while ensuring that markets remain fair and efficient. In the context of World Investor Week (WIW) 2024, this focus becomes increasingly relevant. In […]
Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy when formulating their pricing policy. Failure to do so, he warned, could harm their image and put at risk the reputation of the banking sector. […]
The total number of registered motor vehicles in Cyprus rose by 13.2 per cent in the January-September 2024 period, reaching 38,819, compared to 34,280 during the same period last year. According to the Cyprus Statistical Service (Cystat), in September alone, motor vehicle registrations totaled 4,428, a decrease of 3.9 per cent from the 4,607 recorded […]
Cyprus recently achieved international recognition by winning the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8. As Cyprus’ reputation for excellence in air connectivity continues to grow, the deputy Ministry of Tourism announced the award. This annual Routes World conference, a key event for the aviation industry […]
Cambodia and Germany have discussed and exchanged views on bilateral development cooperation, and ways to further promote it to the next level, according to the Council for the Development of Cambodia (CDC). The Cambodian side was headed by Chhieng Yanara, Senior Minister in charge of Special Missions and Second Vice-Chairman of the CDC, while the […]
Cambodia has 20 million internet subscribers both mobile and fixed as of June, an increase of 16.6 million registered in 2020, the year of pandemic, a report of the Telecommunication Regulator of Cambodia showed on Wednesday. The report stated that mobile internet users increased to 21.9 million, up 5.2 percent from 20.8 million recorded in […]
After the recent withdrawal from the development pact known as the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), the Royal Government of Cambodia (RGC) shifted its stance to promote bilateral cooperation with the Lao People’s Democratic Republic (PDR) including the removal of double taxation, trade, tourism and energy sectors. On the sidelines of the 44th & 45th […]
The United States Department of the Treasury (USDT) Monday praised the Royal Government of Cambodia (RGC) for its effective management of the economy and public finances and the proactive response to challenges, despite the uncertainties posed by external factors. The appreciation was conveyed to Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance […]
Israeli hospitality firm Fattal Hotel Group has announced plans to invest €55 million in acquiring and renovating the Elias Latsi Holiday Village Resort in Paphos. The property will be rebranded as Leonardo Club Family Resort and will feature new facilities including a water park. The renovation project is expected to take 18 months to complete, pending […]
The Ministry of Agriculture, Rural Development and Environment will present the National Strategy for the development of the primary sector on 10 October. The Strategy was drawn up after an extensive dialogue with the agricultural organisations and all stakeholders, Minister Maria Panayiotou said. Panayiotou told the House Agriculture Committee the strategy includes 11 actions aimed […]