State buys bridge from LYP Group
Prime Minister Hun Sen yesterday said the government will take over management of a bridge built over the Tonle Sap River by the firm belonging tycoon senator Ly Yong Phat. ...
Hydro deal signing faces delay
A $100 million electricity and fresh water deal for a joint-venture between Cambodia’s LYP Group and the Electricity Generating Authority of Thailand (Egat) will not be signed as expected when Prime Minister Hun Sen meets his Thai counterpart Gen Prayut Chan-o-cha today for bilateral talks, ...
Red carpet for Chinese investors
The high-profile investment conference, held under the tagline “Cambodia: The Kingdom of Opportunity Along The ‘One Belt, One Road”, saw representatives of more than 200 Chinese companies gather at a hotel conference centre on the outskirts of the capital. The full-day event was jointly organised ...
Joey Chua Xue Ting and Cheng Sokhorng
Trade with China to grow
Hundreds of leading Chinese companies will come together with hundreds more local companies today at the first Cambodia-China Business Forum and Financial Development Forum in Phnom Penh, aimed at expanding trade and investment between the two countries. ...
Koh Kong town’s drinking water tainted during repairs
Koh Kong town was left without a clean water supply on Friday when the company responsible for the utility made repairs to a filter pipe. Koh Kong resident Ing Soth yesterday said the water was so dirty that the villagers could not use it at ...
Ly Yong Phat wants TV station
Prominent tycoon and ruling party senator Ly Yong Phat has now set his sights on the media landscape. Phat, the head of LYP Group, on Friday confirmed plans that he is seeking to set up a television station. The entry of an LYP channel, proposed as part ...
Villagers await water
Hundreds of families in Koh Kong province have since early May been affected by drought and a lack of clean water, which is supposed to be provided by tycoon and ruling party senator Ly Yong Phat. Due to the annual drought in the province, two reservoirs ...
Khouth Sophak Chakrya
Water Resources Minister Seeks Investigation Into Exported Sand
Minister of Water Resources and Meteorology Lim Kean Hor said Monday that he would seek an investigation into a $1.5-million haul of river sand exported to India in April in spite of a ban on the export of dredged sand handed down by Prime Minister ...
Despite Ban, $1.5M of Cambodian Sand Turns Up in India
A huge haul of river sand dredged in Cambodia has been quarantined at the southern Indian port city of Cochin since its arrival in April despite a ban on sand exports instituted by Prime Minister Hun Sen in 2009. India’s Deccan Chronicle newspaper reported on Tuesday ...
Alex Willemyns and Kuch Naren
CPP Senator Wins Power Transmission Contract
The government on Friday awarded CPP Senator Ly Yong Phat a $92.21 million contract to install power lines in Cambodia’s eastern provinces, the Council of Ministers said in a statement. During the weekly Cabinet meeting, senior officials including Prime Minister Hun Sen signed off on the ...
British Businessman Arrested over Alleged Land Fraud
The British chairman of an embattled agricultural investment firm was arrested Saturday by Cambodian authorities over charges of forging documents and using them in an attempt to illegally purchase thousands of hectares of land, a court prosecutor said. Greg Fryett, the main shareholder of Sustainable Agro ...
Cigarette smuggling from Cambodia to Vietnam abounds
A pair of cigarette brands distributed by two of the Kingdom’s most prominent businessmen are being smuggled from Cambodia to Vietnam at an estimated rate of more than 300 million packs a year, contributing to tobacco manufacturer losses of nearly $200 million annually, according to ...
Trat businesses prepare for boon as Cambodian industrial estate opens
Businesses in Trat province have been told by officials to shape up and prepare for massive new opportunities when Cambodia opens the Koh Kong Industrial Estate later this month. The industrial estate, close to the Trat border, will be inaugurated by Cambodian prime minister Hun Sen ...
Meters mean 'money down drain'
The sole provider of water and electricity in Koh Kong province’s Khemerak Phumin town, LYP group, was demanding that all rental buildings install water meters at exorbitant rates for the region, residents said yesterday. Building managers sent intervention papers to provincial governor Bun Leut on July ...
Sand dredging deja-vu
They thought the days of scenic sunsets ruined by the noise and pollution of dredgers on the Tatai River were over, but villagers and business owners in the popular tourism destination now say they were duped in a promise from ruling party Senator Ly Yong ...
Sand for Singapore's Growth Comes at Environmental Cost to Poorer Neighbors
KOH KONG, Cambodia (AP) — Round a bend in Cambodia’s Tatai River and the virtual silence of a tropical idyll turns suddenly into an industrial nightmare. Lush jungle hills give way to a flotilla of dredgers operating 24 hours a day, scooping up sand and piling ...
Tycoon’s dredging tests locals’ patience
Ruling party senator Ly Yong Phat has defied an order endorsed by the Prime Minster to halt his controversial sand dredging activities on the Tatai river in Koh Kong, prompting authorities to request intervention, documents obtained by The Post reveal. The dredging operation on the ...
Koh Kong king halted
Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...
Premier orders review of marine dredging
Prime Minister Hun Sen has order a review of dredging operations and the impacts that they have on Cambodia’s islands and beaches. Freshwater dredging has also been ordered to go under review, with the Prime Minister calling for the Minister of Water Resources and Meteorology ...
Ly Yong Phat Group Plans $200M Satellite City in Phnom Penh
1,300 hectares of land in Phnom Penh and Kandal province have been privatized and conceded to the LYP Group in order for them to be developed into a satellite city. LYP Group is owned by CPP Senator Ly Yong Phat. Prime Minister Hun Sen signed ...
Sugar concerns raised
Rights groups have alleged that villagers are being pushed off their land to make way for sugar plantations by companies such as LYP Group, owned by Senator Ly Young Phat. The issue was raised with the Finnish Foreign Minister Erkki Tuomuoja and the Minister for ...
Sand dredging hits eco-resort
An enormous sand dredging operation in Koh Kong province has escalated, a resort owner said yesterday, with boat crews allegedly trespassing onto private land and digging sand within hundreds of metres of the complex. Janet Newman, the owner of the Rainbow Lodge eco-tourism resort, said ...