Hun Sen, President of the Senate and leader of the Cambodian People’s Party, expressed his confidence that Vietnam’s newly elected President, Luong Cuong, will further deepen the strong ties between the two nations as “good brothers, good neighbours, and good bilateral partners.” In his congratulatory message, he extended heartfelt congratulations to Cuong on behalf of […]
Cambodia’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $25.54 billion in the first nine months of 2024, up 17.1 percent over the same period last year, a report said on Tuesday. The kingdom’s trade volume with the fellow RCEP members accounted for 61.6 percent of its total trade volume during the period, said […]
Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction (MLMUPC), Monday called on the Kep Provincial Administration (KPA) to focus on achieving the objectives of Pentagonal Strategy – Phase One’s vision aimed at expanding accessibility to clean water, electricity and tourism infrastructure. Addressing a meeting to summarise the achievements of […]
Cambodia and Middle East countries including Qatar and the United Arab Emirates, as well as Europe, including Turkey have signed memoranda of understanding (MoUs) aimed at promoting direct flights, international passenger and freight traffic. The MoUs were signed separately by Mao Havannall, Minister in Charge of the State Secretariat of Civil Aviation (SSCA) and representative […]
Advisers of Thailand’s Ministry of Foreign Affairs Dusit Menapunt and Chayika Wongnapajan on October 21 met with Cambodian Minister of Tourism Huot Hak to discuss measures to facilitate tourism, including border crossing and seamless travel. Bangkok (VNA) – Advisers of Thailand’s Ministry of Foreign Affairs Dusit Menapunt and Chayika Wongnapajan on October 21 met with Cambodian […]
According to Skyscanner, Siem Reap, Cambodia, was ranked third among the top ten 2025 Trending Destinations for UK travellers.“Siem Reap, Cambodia’s second-largest city, is the gateway to the temples of Angkor and, in recent years, has reinvented itself as a destination for culture, wellness and fine dining,” the source commented. Reggio Calabria of Italy topped […]
In July, Cypriot authorities made contact with Delta Air Lines, based in Georgia, with the aim of establishing a direct flight connection between Cyprus and the US. Efforts are ongoing, and not just with that airline. Targeting the American market requires coordinated actions that extend beyond the jurisdiction of a single ministry and involve many […]
Invest Cyprus hosted a breakfast roundtable with Indian businesses and investors, saying it reaffirms its commitment to aftercare services and positioning Cyprus as a premier investment and business hub. The roundtable facilitated meaningful discussions with representatives from various sectors, including start-ups and established technology companies, who shared their experiences throughout the investment cycle. They provided […]
The International Monetary Fund (IMF) has revised its growth forecast for Cyprus in 2024, upgrading it to 3.3%, a notable improvement from its earlier projection of 2.7% in April. The latest forecast, included in the IMF’s October World Economic Outlook (WEO) that was released on Tuesday, also anticipates a growth rate of 3.1% for 2025, […]
Cyprus outperforms EU peers in managing public debt Cyprus’ gross government debt-to-GDP ratio stood at 70.5 per cent at the end of the second quarter, reflecting a drop both on an annual and quarterly basis. In contrast, the eurozone’s debt ratio stood at 88.1 per cent, while the average for the European Union was slightly […]
Hellenic Bank has announced the launch of new and upgraded service points designed to bring innovation to banking transactions. The new branches, equipped exclusively with advanced ATMs, will be located in strategic areas across Nicosia, Limassol, Larnaca, and Paphos. Specifically, the new ATMs can be found at the below locations: According to the bank, this […]
Cyta this week unveiled its new corporate identity, emphasising technological innovation and a customer-centric approach. During an event at the Cyprus Planetarium on October 21, the company showcased its renewed philosophy, focused on continual growth and better service for its customers. Cyta’s CEO Andreas Neocleous highlighted that this shift is not just visual but reflects […]
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday released a statement requiring Cyprus Investment Firms (CIFs) to adopt the European Banking Authority (EBA) guidelines on the application of the group capital test, which will take effect on January 1, 2025. According to the commission, these guidelines aim to establish uniform regulatory practices for calculating […]
Cambodia has agreed with the Thai government’s initiative to facilitate cross-border travel for tourists from six countries in the region through a single visa policy called “6 Countries, 1 Destination”, positioning Thailand as a regional tourism hub, according to a source at Government House. The move came after talks between Cambodian Minister of Tourism Huot […]
A team of nine Cambodian high school students secured 2nd place at the 2024 FIRST Global Challenge, held in Athens, Greece, from Sept. 26-29, 2024. Competing against teams from over 190 countries, the Cambodian students showcased exceptional robotics skills. At a reception on Oct. 21, 2024, at the Ministry of Industry, Science, Technology & Innovation […]
Prince Bank is proud to announce its latest accolade of being named the ‘Best Bank for SMEs in Cambodia 2024’ by Euromoney. This recognition reflects Prince Bank’s dedication to offering innovative financial solutions tailored to the needs of small and medium-sized enterprises (SMEs) in Cambodia, further cementing the bank’s role in supporting local businesses and […]