News

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. ...

Ros Chanveasna
http://www.khmertimeskh.com/5084897/state-buys-bridge-lyp-group/

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, ...

May Kunmakara
http://www.khmertimeskh.com/5081898/hydro-deal-signing-faces-delay/

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
http://www.phnompenhpost.com/business/red-carpet-chinese-investors

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. ...

May Kunmakara
http://www.khmertimeskh.com/news/32646/trade-with-china-to-grow/

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 ...

Sen David
http://www.phnompenhpost.com/national/koh-kong-towns-drinking-water-tainted-during-repairs

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 ...

May Kunmakara
http://www.phnompenhpost.com/business/ly-yong-phat-wants-tv-station

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
http://www.phnompenhpost.com/national/villagers-await-water

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 ...

http://www.cambodiadaily.com/news/british-businessman-arrested-over-alleged-land-fraud-15882/

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 ...

http://www.bangkokpost.com/news/local/325257/trat-businesses-prepare-for-boon-as-cambodian-industrial-estate-opens

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 ...

http://www.phnompenhpost.com/index.php/2012081557994/National-news/water-meters-lead-money-down-the-drain.html

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 ...

http://www.phnompenhpost.com/index.php/2011122753640/National-news/sand-dredging-deja-vu.html

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 ...

http://hosted.ap.org/dynamic/stories/A/AS_CAMBODIA_SELLING_SAND?SITE=CALAK&SECTION=HOME&TEMPLATE=DEFAULT

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 ...

http://www.phnompenhpost.com/index.php/2011081050979/National-news/tycoons-dredging-tests-locals-patience.html

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 ...

http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html

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 ...

http://www.phnompenhpost.com/index.php/2011071250319/National-news/premier-orders-review-of-marine-dredging.html

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 ...

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