News

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/

Royal Group set to build hotel on Koh Rong

The Royal Group, in partnership with a Thailand-based Swiss investor, will build a 148-room five-star hotel on Preah Sihanouk’s Koh Rong island, with the group having completed a ground-breaking ceremony on Saturday. ...

Kun Kourchettana
http://www.phnompenhpost.com/business/royal-group-set-build-hotel-koh-rong

Police chief abuses power, commune chief says

More than 200 villagers living on the fringe of a giant hydropower project in Stung Treng province are lobbying for their commune’s police chief to be removed, alleging that he habitually confiscates illegally logged wood from villagers on behalf of powerful business interests. ...

Aun Pheap
https://www.cambodiadaily.com/news/police-chief-abuses-power-commune-chief-says-100217/

Tensions escalate as Royal Group accelerates island development

Residents of Koh Rong Island, off the coast of Sihanoukville, have this week called on government officials, including Prime Minister Hun Sen, to review what they are labelling “abusive activities” by the Royal Group (RG) conglomerate. ...

Jack Laurenson
http://www.khmertimeskh.com/news/14333/tensions-escalate-as-royal-group-accelerates-island-development/

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