News

PM Hun Manet aborts coal power plant project in Botum Sakor district

The new government has abandoned plans to build a $1.5 billion 700-megawatt (MW) coal-fired power project in Botum Sakor district, Koh Kong province, deciding instead to develop a liquefied natural gas (LNG) power plant. ...

Pok Ponlue and Hel Komsan
https://cambojanews.com/pm-hun-manet-aborts-coal-power-plant-project-in-botum-sakor-district/

Government gives 9,968 hectares in Botum Sakor National Park to Royal Group

Tycoon Kith Meng’s Royal Group company received 9,968 hectares inside Botum Sakor National park in Koh Kong province, according to a January 25 sub-decree signed by Prime Minister Hun Sen and published earlier this month. ...

Runn Sreydeth and Phon Sothyroth
https://cambojanews.com/government-gives-9968-hectares-in-botum-sakor-national-park-to-royal-group/

After bus company reneges on promises, a desperate union resumes protests

After the bus company Giant Ibis Transport delayed concluding negotiations with 30 laid off union employees, the workers continued protests at the company’s Sen Sok district station in Phnom Penh on Monday. ...

Eung Sea
https://cambojanews.com/after-bus-company-reneges-on-promises-a-desperate-union-resumes-protests/

Premium seaplane slated for take-off late-2023 to early-2024

Cambodia’s first premium seaplane service is slated to start operations in late-2023 to early-2024, initially connecting Phnom Penh with locations within a 1.5-hour flying time. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-premium-seaplane-slated-for-take-off-late-2023-to-early-2024

Royal Group signs agreement to build Koh Rong airport

An agreement has been signed for the construction of a $300 million airport on Koh Rong island, taking five years to complete. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-royal-group-sign-agreement-to-build-koh-rong-airport

Kith Meng led a delegation from Cambodian Chamber Of Commerce to visit the PPSEZ

Neak Oknha Kith Meng, President of the Cambodian Chamber of Commerce and the new Chairman of the Phnom Penh Special Economic Zone (PPSP),  led a delegation from the Cambodian Chamber of Commerce to visit the Phnom Penh Special Economic Zone in order to learn abut ...

Khmer Times Staff
https://www.khmertimeskh.com/501028653/kith-meng-led-a-delegation-from-cambodian-chamber-of-commerce-to-visit-the-ppsez/

New coal-fired power plant in national park commissioned

The Kingdom’s tycoon Kith Meng’s Royal Group has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 megawatt (mW)  coal power plant, according to a government sub-decree. ...

Sorn Sarath
https://www.khmertimeskh.com/50753768/new-coal-fired-power-plant-in-national-park-commissioned/

Kith Meng re-elected as CCC president

Prominent businessman Kith Meng was re-elected yesterday as the president of the Cambodia Chamber of Commerce with the support of 15 presidents of chambers in Phnom Penh and provinces. ...

Chea Vannak
https://www.khmertimeskh.com/50643673/kith-meng-re-elected-as-ccc-president/

Sesan villagers request facilities

Over 50 families affected by the Lower Sesan II dam in Stung Treng province’s Sesan district have sent a letter to the provincial governor and prominent tycoon Kith Meng requesting a number of public service facilities for the community. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/sesan-villagers-request-facilities

Development plans for Koh Rong and nearby islands unchanged by marine park

Businesses expect the establishment of Cambodia’s first marine national park covering seven coastal islands to boost tourism in the area, while government officials said yesterday it would not affect private development scheduled for the islands. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/development-plans-koh-rong-and-nearby-islands-unchanged-marine-park

Kith Meng company secures timber release

Customs officers have released a pair of trucks that local officials said were seized late last month while being used to smuggle timber belonging to business mogul Kith Meng into Vietnam in breach of a government ban, according to police. ...

Aun Pheap
https://www.cambodiadaily.com/news/kith-meng-company-secures-timber-release-128163/

Wing to handle gov’t fees

In an effort to increase transparency and accuracy, the payment of fees for government services such as business and vehicle registration, and taxes in the future, is now being handled by Wing Specialized Bank, the Commerce Ministry announced yesterday. A memorandum of understanding (MoU) was signed ...

May Kunmakara
http://www.khmertimeskh.com/news/29819/wing-to-handle-gov---t-fees/

MoU signed with China

The Cambodia Chamber of Commerce (CCC) and the China Council for the Promotion of International Trade (CCPIT) on Friday signed a memorandum of understanding (MoU) to promote business interaction and enhance trade and investment between China and the Kingdom. ...

Sok Chan
http://www.khmertimeskh.com/news/29595/mou-signed-with-china/

Royal Group submits plan for coal-fired plant

New details have emerged on Royal Group’s ambitions to expand its energy portfolio after a government official clarified that Cambodia’s biggest conglomerate is seeking to develop its own coal-fired power plant, rather than finance an existing one. ...

Kali Kotoski
http://www.phnompenhpost.com/business/royal-group-submits-plan-coal-fired-plant

Sihanoukville power plant draws Royal Group's interest

The Royal Group, Cambodia’s biggest conglomerate, will be involved in funding future phases of a massive coal-fired power plant under construction in Preah Sihanouk province, a government official said yesterday, although details of the size of the investment or its timeline remain hazy. ...

Kali Kotoski
http://www.phnompenhpost.com/business/sihanoukville-power-plant-draws-royal-groups-interest

PM ready to maroon island investors

Prime Minister Hun Sen ordered his officials to revoke the licenses of any investment and construction firms found doing little or nothing with the islands or land they said they would develop. ...

Ven Rathavong
http://www.khmertimeskh.com/news/28106/pm-ready-to-maroon-island-investors/

Learn DTAs, says Kith Meng

A sound understanding of double taxation avoidance agreements (DTAs) between Cambodia and other countries is crucial to lower barriers to promote cross-border investments and boost trade and economic flows between the Kingdom and its partner countries, said the president of the Cambodia Chamber of Commerce ...

May Kunmakara
http://www.khmertimeskh.com/news/26323/learn-dtas--says-kith-meng/

Gov’t halts building of Koh Rong island port

A Sihanoukville provincial coastal working group has ordered tycoon Kith Meng’s Royal Group to stop building a port on Koh Rong, saying the development was illegal. ...

Mech Dara
http://www.phnompenhpost.com/national/govt-halts-building-koh-rong-island-port

Royal Group head Kith Meng urges tax rate revision

Private sector representatives argued yesterday that Cambodia’s outdated taxation laws do not accurately reflect the Kingdom’s current business climate, urging the General Department of Taxation (GDT) to revise the legal framework to promote private sector growth. ...

Hor Kimsay
http://www.phnompenhpost.com/business/royal-group-head-kith-meng-urges-tax-rate-revision

Malaysian businessmen urged to invest in Cambodia

The President of the Cambodia Chamber of Commerce (CCC), a leading organization representing the private sector in the Kingdom, has urged Malaysian investors and businessmen to invest in and do business with Cambodia to forge a stronger relationship between the two Asean states. ...

May Kunmakara
http://www.khmertimeskh.com/news/25770/malaysian-businessmen-urged-to-invest-in-cambodia/

Royal group in talks with China, Indonesia on proposed oil pipeline

Cambodian conglomerate the Royal Group is in talks with two foreign state-owned petroleum companies to conduct feasibility studies for an oil pipeline that would run from Sihanoukville to Phnom Penh, a government official has confirmed. ...

Kali Kotoski and Sor Chandara
http://www.phnompenhpost.com/business/royal-group-talks-china-indonesia-proposed-oil-pipeline

Royal group seals $10 million loan for Koh Rong project

The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh  Rong Island. ...

May Kunmakara
http://www.khmertimeskh.com/news/23401/royal-group-seals--10-million-loan-for-koh-rong-project/

Koh Rong development moves forward

A ceremony here on Saturday, attended by some of the country’s most powerful officials, laid out Royal Group’s $30 million plan to develop Koh Rong’s previously pristine Sok San beach into a luxury resort, complete with houses, piers, hotels and facilities for helicopters. ...

Jack Laurenson
http://www.khmertimeskh.com/news/18759/koh-rong-development-moves-forw-ard/

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