Kornos is undergoing a major transformation, with two flagship projects worth over €20 million already launched or heading for implementation, according to Lefkara mayor Sofoklis Sofokleous. “The municipal district of Kornos is expected to change radically in the next two to three years,” Sofokleous told Philenews. “Every announcement must be on track and implementable, and this […]
President Nikos Christodoulides opened the 36th Annual General Meeting of the Cyprus Shipping Chamber by highlighting the profoundly important and catalytic role of shipping in Cyprus’ economy. He emphasised that the sector significantly contributes to the country’s economic development and sustainability. He expressed his commitment to maintaining this positive momentum and wished for continued, long-lasting […]
Limassol’s pioneering office hub brings a next-generation VR experience to commercial real estate, showcasing the premier choice for workplace innovation, sustainability and convenience Tor Properties has unveiled a brand-new, state-of-the-art Virtual Reality experience for The Triangle, offering an immersive walkthrough of Limassol’s most forward-thinking new business centre. This next-generation experience gives prospective tenants and partners […]
Cyprus recorded its highest-ever number of tourist arrivals for the January–April period, which the government described as ‘historic’, reinforcing efforts to establish the island as a year-round destination. Speaking at a media briefing at the presidential palace on Tuesday, government spokesperson Konstantinos Letymbiotis said the latest figures from the Statistical Service confirm the strong trajectory […]
NS25 Written By Jim Liu Published at 1600GMT 26MAY25 Air Cambodia last week launched new service to Thailand, which saw the inaugural of Sihanoukville – Bangkok Suvarnabhumi route on 22MAY25. The airline serves this route twice weekly with Airbus A320 aircraft, although selected dates will see A321 operating. K6726 KOS1220 – 1335BKK 320 47K6727 BKK1020 – […]
Hun Sen, President of the Cambodian Senate, has congratulated President of Timor-Leste José Manuel Ramos-Horta and Prime Minister Kay Rala Xanana Gusmão on the country’s accession to ASEAN in October this year. “On behalf of the Senate of Cambodia and my behalf, I would like to convey my warmest congratulations to your Excellency, the Government, […]
Cambodia and Thailand have reaffirmed their commitment to strengthening economic ties, setting an ambitious bilateral trade target of $15 billion by 2027, according to a press release issued by the Kingdom’s Ministry of Foreign Affairs and International Cooperation (MFAIC) on Sunday. The announcement followed a bilateral meeting between Prak Sokhonn, Deputy Prime Minister and Minister […]
President Nikos Christodoulides has inaugurated Cyprus’ Business Support Center (BSC) – a one-stop-shop for both Cypriot and foreign investors seeking to establish or expand their business activities in Cyprus. The launch of the BSC marks a significant milestone in the government’s efforts to cut red tape, streamline services, and attract strategic investment. The new Business […]
The Cyprus Chamber of Commerce and Industry (Keve) has welcomed the launch of the new Business Support Center, describing it as a long-standing demand finally addressed, and a much-needed tool to reduce red tape, support investment and restore confidence in Cyprus as a business destination. In a statement posted on X, social media platform, the […]
ASEAN leaders yesterday called for a united response to the unilateral US tariffs, emphasizing unity and resilience amid global economic challenges. Presiding over the 46th ASEAN Summit themed ‘Inclusivity and Sustainability’ in Kuala Lumpur, Prime Minister of Malaysia Anwar Ibrahim, also Chair of ASEAN 2025, stressed the need to address economic challenges jointly in the […]
Limassol will host the European Maritime Day (EMD) on May 21 and 22, 2026, as Cyprus takes the helm of the EU presidency, welcoming the continent’s maritime community to the island’s for two days of dialogue, networking, and action on the future of Europe’s blue economy. The handover ceremony took place on Friday in Cork, […]
Lots of local talent at revamped Fengaros Festival 2025 With summer just around the corner, it is time to start looking ahead to the epic summer festivals that will fill the cultural agenda. One of them is Fengaros Festival, an institution that has never been a stranger to reinvention. Its 13th edition this year signals […]
Paphos’ municipal ‘park of colours’ was inaugurated on Sunday, coinciding with the city’s flower festival. The event began with a procession of floats and a children’s parade in the new urban green space, which was buzzing with music, dance and creative and sports activities throughout the day. Paphos mayor Phedonas Phedonos said the project combined […]
Air Cambodia’s new ATR72-600 aircraft will arrive for the first time at Phnom Penh International Airport on May 26, 2025. As planned, the new ATR72-600 aircraft will arrive at Phnom Penh International Airport on the evening of May 26, 2025, with the participation of Dr. Mao Havannal, Chairman of the Board of Directors of the […]
To bolster the nation’s energy infrastructure, the Cambodian Parliament has officially approved a draft law facilitating payment guarantees to 24 electricity investment companies. This landmark decision was made during the fourth session of the seventh National Assembly, which was held on May 22, 2025. The new law comes in response to the surging demand for […]
As double taxation agreements (DTAs) between Laos and the Philippines with Cambodia are set to enter into force soon, Cambodian economists are optimistic that foreign direct investment (FDI) from the two countries and bilateral trade will rise. Cambodia’s general department of taxation believes the DTAs are not designed to avoid double taxation; they also build […]