Sebastian von Hardenberg to take over in January Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, on Thursday announced that CEO Ian Beveridge will step down on January 1, 2025. According to the announcement, Sebastian von Hardenberg, the company’s current CFO, will take over as CEO. Beveridge will remain CEO of the […]
EmissionLink, a Columbia Group company, is simplifying emissions management with advanced solutions to meet the upcoming FuelEU Maritime regulations, effective from January 2025. According to a statement by the company, these innovative measures aim to help maritime operators navigate the added complexities that FuelEU will bring to daily operations. Building on insights from the successful […]
India’s leading low-cost carrier IndiGo will start direct flights between Kolkata and Siem Reap to respond to the growth in passenger traffic between the two countries and promote cultural tourism. Sinn Chanserev Vutha, Secretary of State and Spokesperson for Civil Aviation, said that India’s IndiGo will start direct flights between Kolkata and Siem Reap in […]
Phase 1 of the Techo International Airport (TIA) project, with an investment of $1.339 billion, has surpassed 92% completion as of December 9 and is now on track for an official inauguration in July 2025, according to Sinn Chanserey Vutha, secretary of state and spokesperson for the State Secretariat of Civil Aviation (SSCA). The airport […]
Phnom Penh, December 19, 2024 – Prince Bank, a leading financial institution in Cambodia, is pleased to announce the appointment of Mr. Honn Sorachna as its new Chairman of the Board and Mr. Looi Kok Soon as Chief Executive Officer, effective Dec 17, 2024. Mr. Honn Sorachna, the new chairman of Prince Bank Plc Mr. […]
Cambodia’s Gross Domestic Product (GDP) growth is projected to marginally improve, reaching 5.5 percent in 2025 and 2026, according to the World Bank’s ‘Cambodia Economic Update: From Recovery to Resilience – Harnessing Tourism and Trade as Drivers of Growth,’ released recently. Even though domestic demand is expected to further improve in the next two years, […]
Chairman Evgenios Evgeniou and CEO Marios Tannousis, met with Yousef Sultan Laram, Ambassador of the State of Qatar, and Khalifa Ahmad Al-Maadeed, Deputy Chief of Mission Invest Cyprus, represented by Chairman Evgenios Evgeniou and CEO Marios Tannousis, met with Yousef Sultan Laram, Ambassador of the State of Qatar, and Khalifa Ahmad Al-Maadeed, Deputy Chief of […]
Senior manager Potamitis discusses Deriv’s ambitious plans for Cyprus Online broker Deriv this week announced the expansion of the company’s Cyprus-based operations to Nicosia. Deriv, which opened its first Cyprus office in Limassol four years ago, said that the new office is set to open in mid-December and will be located at the Asteroid building. “Cyprus plays a crucial role in the […]
Half of Cyprus’ hotels are open this festive season, offering special programmes for Christmas and New Year, according to Thanos Michaelides, president of the Cyprus Hoteliers Association (Pasyxe). Speaking to the Cyprus News Agency (CNA), Michaelides siad that operating levels are consistent with last year. “Most of the open hotels”, he said, “are in Larnaca […]
The Paralimni-Deryneia Municipality has joined forces with the Cyprus Sustainable Tourism Initiative (CSTI) to promote sustainable practices in the tourism sector. According to an announcement released this week, this partnership aims to “enhance environmental awareness, protect natural resources, and boost sustainable development in the region”. “The collaboration forms part of efforts to strengthen sustainability within […]
The Cyprus Stock Exchange (CSE) announced on Wednesday the introduction of a market maker framework. The new framework, the CSE explained, aims at “enhancing the liquidity of listed securities and fostering a more competitive and flexible stock market”. In addition, this move is part of the CSE’s broader strategy for modernising its operations and aligning […]
The Cyprus Securities and Exchange Commission (CySEC) has rolled out a revamped website aimed at improving navigation, accessibility, and features for regulated entities, investors, and the wider public. “The redesigned website marks the first phase of our efforts to improve the user experience and provide enhanced user-friendly navigation and functionality for regulated entities, investors and […]
As Cambodia-South Korea trade grows, Cambodia Angkor Air is launching direct flights to the southwestern Korean county of Muan. The first flights from Phnom Penh will commence on December 29 and from Siem Reap on January 2. “The new connection opens up even more opportunities for travellers and makes it easier than ever before to […]
The Asian Development Bank (ADB) said on Tuesday that it will invest $403 million in Cambodia in 2024. “This year marks a significant milestone in our partnership with Cambodia, with the approval of $403 million in loans and grants under the framework of our new country partnership strategy for 2024-2028,” ADB Country Director for Cambodia […]
Tourist arrivals reached 3,907,137 for the period of January – November 2024, compared to 3,722,022 in the same period of 2023, recording an increase of 5%. The number of tourists for the first eleven months of 2024 surpassed the total number of tourist arrivals for 2023, when they reached 3,845,652. Τhe arrivals of tourists reached […]
Tourist arrivals in Cyprus reached 3,907,137 for the period of January-November 2024, compared to 3,722,022 in the same period of 2023, recording an increase of 5%. In the first 11 months of 2024, the number of tourists surpassed the total number of tourism arrivals for 2023, when they reached 3,845,652.