The Kingdom of Cambodia ranked first in ASEAN and third among the 20 fastest growing economies in Asia with a growth rate of 6.1% in 2024. According to Pen Bona, spokesperson of the Royal Government of Cambodia, the ranking of economic growth published by the Indonesian statistics firm SeasiaStats is based on the forecasts of […]
Many resorts in Kampong Cham province are ready to welcome national and international tourists on the occasion of Khmer New Year with colourful decorations, strengthen security, and order to provide safety to create fun and attract more tourists to visit than in previous years. Sean Sokun, Director of Kampong Cham Provincial Department of Tourism, said […]
The services sector performed very well in 2023 said the Employers and Industiralists Federation (Oev), with significant improvements registered in several key areas. Notably, the indicators for accommodation and catering services saw an impressive increase of 18.9 per cent, administrative and support services grew by 15.5 per cent, professional, scientific, and technical activities by 2.7 […]
Kedipes has announced a new repayment plan for non-performing loans (NPL) that would be secured by a primary residence, with a market value of up to €350,000. In a detailed statement, Kedipes said that this initiative is part of its long-term commitment to finding consensual solutions tailor-made for the specific circumstances of each borrower. Working […]
Minister of Energy, Commerce and Industry George Papanastasiou has departed for Tokyo, Japan, where he will participate as head of a business delegation in the Cyprus-Japan Business Forum on 9 April. The event is being co-organised by the Ministry of Energy, the Cyprus Chamber of Commerce and Industry and the Republic of Cyprus Trade Centre […]
Finance Minister Makis Keravnos said the government’s goal is to create a fully digitalised state offering quality services, addressing a gathering over the weekend. The summit, entitled “The future of Business: Adapting to a Changing Landscape”, was organised by CIM, the Cyprus Business School at the Bank of Cyprus headquarters in Nicosia. Speaking about the digital transition, […]
Cyprus’ General Government surplus exceeded half a billion in the first two months of 2024 marking an increase of 34% compared with the respective period of last year. According to preliminary data released by the Statistical Service of Cyprus (CyStat), the general government fiscal results indicate a surplus of €534.8m, representing 1.7% of GDP, for […]
The Cyprus-Greece maritime passenger connection will run for a third consecutive year, subsidized by Nicosia following the European Commission approval. An announcement from Cyprus’ Deputy Ministry for Shipping is expected on April 16, regarding the resumption of the service, scheduled to commence on May 29. Ticket sales will begin shortly after the announcement. In 2023, […]
Career banker Christodoulos Patsalides was appointed governor of the Central Bank of Cyprus on Monday for a five-year term, the island’s presidency said. Patsalides, who will represent Cyprus on the rate-setting Governing Council of the ECB, takes up his duties on April 11, replacing Constantinos Herodotou. Patsalides has been an economic adviser to Cypriot President […]
The construction sector achieved remarkable growth last year with constructed area and investment showing a positive growth. The Ministry of Land Management, Urban Planning and Construction issued construction permits to 3,207 projects in 2023, a year-on-year decrease of 25 percent or 1,068 projects down from 4,275 projects approved in 2022, according to a Socio-Development Trend […]
Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia. Sunwah Group Chairman Jonathan K.S. Choi made these remarks during a meeting with Prime Minister Hun Manet on Monday […]
Sunwah Group, a Chinese company based in Hong Kong, has been investing in Cambodia since 1994, especially in export seafood processing. It is now planning to extend its investment in the Kingdom to five other key areas. Jonathan K.S. Choi, Chairman of Sunwah Group, told Mr Hun Manet, Prime Minister of Cambodia, of his company’s […]
Yianna Christou explains how beverage companies are embracing ESG. This shift in consumer priorities means that brands actively engaging in ESG initiatives can build, trust, credibility and emotional connection strengthening their consumer base. Integrating Environmental, Social, and Governance (ESG) principles into marketing strategies is crucial for the beverage industry’s future,” says Yianna Christou, a marketing […]
Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update. “Cambodia tops the list with 6.1 percent, while the Philippines ranks second with 5.9 percent and Vietnam third with 5.8 percent.” For Asia, […]
On Saturday 6th and Sunday 7th April 2024, the Medical & Health Expo Cy is being held under the auspice of the Cypriot Ministry of Health. This is a brand-new exhibition that aims to fill a gap in the market by covering the medical, paramedical and pharmaceutical sectors. The first-ever Medical & Health Expo Cy […]
The Undersecretary of State and Spokesman for Civil Aviation has stated that Emirates flights from Cambodia to United Arab Emirates – connecting Phnom Penh to Dubai – should resume in May, after the stoppage due to the pandemic. Mr. Sin Chanseryvutha, Undersecretary of State and Spokesman for Civil Aviation, stated that the Royal Government of […]