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. ...
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
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. ...
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. ...
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. ...
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. ...
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. ...
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 ...
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. ...
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. ...
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. ...
Malaysia and Cambodia sign trade MOU
A Memorandum of Understanding (MoU) has been signed between Matrade and the Cambodia Chamber of Commerce, said Malaysian International Trade and Industry minister Datuk Seri Mustapa Mohamed. ...
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. ...
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 ...
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. ...
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. ...
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. ...
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
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. ...
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. ...