The National Bank of Cambodia (NBC) and Bank Negara Malaysia (BNM) – the Malaysian central bank – signed a memorandum of understanding (MoU) to strengthen digital innovation and payment systems. The deal is projected to reach over five million merchants from both countries as they accept QR payments. The exchange of an MoU on Tuesday […]
The advent of Artificial Intelligence (AI) is on the cusp of transforming the way businesses are conducted in Cambodia, said Sopheakmongkol Sok, Chairman and Co-Founder of Codingate Technology to Khmer Times on Wednesday. Highlighting the infinite advantages of AI, he said, “Let’s say we need a hundred people to perform a single task but with […]
Industrial production in Cyprus witnessed an increase of 2.4 per cent in 2023 compared to the previous year, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Cyprus’ Industrial Production Index reached 136.1 units in December 2023, with 2015 being the base year, marking a 2.3 per cent rise compared to […]
The Vice President of the European Investment Bank (EIB), Kyriakos Kakouris, is set to embark on an official visit to Cyprus on Thursday and Friday. The visit, according to an announcement released on Wednesday by the Finance Ministry, will include a series of meetings with key Cypriot officials. Accompanied by a delegation from the EIB […]
Energy Minister George Papanastasiou, who is attending the Investopia 2024 conference is in Abu Dhabi, will take part in a discussion on “Strategic Priorities in a Shifting Global Landscape: A Policy Perspective.” Investopia is a UAE-based platform, which tries to bring the global investment community in touch with burgeoning opportunities across new economies. It was launched […]
Alkis H. Hadjikyriakos Public Ltd, which makes the Frou Frou brand biscuits has announced increases in the prices of its products containing chocolate by 20 to 30 percent. The higher prices that will come into effect on April 1 are the direct result of the rising cost of cocoa which has increased by a staggering 153.55 per […]
The President of Italy was impressed by the significance and grandeur exuded by the mosaics of Paphos, during yesterday’s afternoon tour of the Archaeological Park of Kato Paphos. Accompanied by the President of the Republic of Cyprus, Nikos Christodoulides, Sergio Mattarella toured the House of Dionysus and admired the mosaics and other antiquities that are […]
I enjoy walking along Finikoudes in Larnaca, especially now it stretches all the way to Mackenzy. But some of the restaurants have the reputation of being a tourist trap, and this has put me off in the past. However, one restaurant has been there for quite some time and is a cuisine I rather enjoy […]
Held in Kuala Lumpur, Malaysia, and presided over by the Cambodian Premier yesterday, the eagerly-awaited Cambodia-Malaysia Business Forum 2024 (CMBF), has proven itself to be a historic event in the two Southeast Asian countries’ bilateral ties by bringing their businesspeople closer with insights and mutual understanding, thus expanding space for further economic cooperation and partnerships. […]
A total of 33,986 businesses with investment capital worth $10.22 billion have been registered with Online Business Registration platform, known as the Single Portal, phase I as of Feb. 25, a report by the Ministry of Economy and Finance showed. The port has reserved 18,382 numbers of company names, read the report, adding that two […]
Cambodia-United Arab Emirates (UAE) Business Forum was held on Feb. 27 in Dubai, giving floor to showcase potential investment opportunities awaiting UAE investors to explore. The forum was held under the presidency of Mrs. Cham Nimul, Minister of Commerce of Cambodia, and Ahmed bin Ali Al Sayegh, UAE’s Minister of State, with participation from government […]
The central banks of Cambodia and Malaysia on Tuesday signed a memorandum of understanding (MoU) on cooperation in cross-border QR payment scheme and financial innovation, said a joint press statement. The deal was inked in Malaysia’s Putrajaya City between National Bank of Cambodia (NBC) Governor Chea Serey and Bank Negara Malaysia (BNM) Governor Abdul Rasheed […]
Prime Minister Hun Manet and his Malaysian counterpart Datuk Seri Anwar Ibrahim have agreed to further bolster economic cooperation, considering the possibility of establishing a joint trade committee to inject new energies into economic and trade relations. The commitment was made on Tuesday during Prime Minister Hun Manet’s visit at the invitation of Prime Minister […]
Cambodia’s bilateral trade with the United Arab Emirates (UAE) is poised to grow further after the Cambodia Private Commercial Center was officially launched in Dubai. The inauguration ceremony of the Cambodia Private Commercial Center was held on February 26 in Dubai in the presence of Tekreth Kamrang, Secretary of State of Commerce with the participation […]
Opening a bank account from the comfort of your home is possible today thanks to e-KYC services in Cambodia. KYC – Know Your Customer (KYC) norms, adopted by banks, earlier required the presentation of identity cards and the physical presence of customers at the bank branch. But since the National Bank of Cambodia (NBC) changed […]
The University of Limassol (UoL) on Tuesday released a statement announcing a new partnership with the Association of Information Technology and Telecommunications Executives of Maritime Companies (AMMITEC). AMMITEC is a distinguished non-profit organisation dedicated to advancing digital transformation, cybersecurity best practices, and strengthening the role of Information Technology (IT) in the global maritime sector. According […]