News
For Royal Group, sale not desired
Executives from Australia and New Zealand Banking Group Limited (ANZ) and local partner Royal Group of Companies (RGC) both went into damage control yesterday after comments by ANZ chief executive officer Mike Smith suggesting the joint banking venture between the two was on the rocks. Royal ...
Daniel de Carteret
http://www.phnompenhpost.com/business/royal-group-sale-not-desired
Government Suspends Logging in Stung Treng Dam Concession
The government has ordered Ang & Associates Lawyer Co. Ltd., a company headed by well-known businessman Kith Meng, to cease logging in an area of Stung Treng province where a hydropower dam will be built. Sesan district governor Yeang Srey Sary said Thursday that a delegation ...
Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/news/government-suspends-logging-in-stung-treng-dam-concession-45878/
PAL expects Cambodia Air deal to push through
Flag carrier Philippine Airlines (PAL) expects no more delays in the completion of the deal with Royal Group of Cambodia (RCG) to form Cambodia Airlines Co. Ltd. Yes, it should be done,” said PAL President Ramon Ang in a text message, when asked if the ...
Lenie Lectura
http://www.abs-cbnnews.com/business/09/26/13/pal-expects-cambodia-air-deal-push-through
Australian company finds 'significant' mineral deposits in Preah Vihear
Australia’s Geopacific Resources NL said Thursday it had found “significant” amounts of gold, copper and molybdenum at its Kou Sa project in Preah Vihear. In a statement, the mineral explorer said the results of the first phase of its soil-sampling program had also found “associated multi-element ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGViOWQwNzllY2F
Mekong Communities Tell of Hardship From Hydropower Dams
About 200 people from Thailand, Vietnam and Cambodia affected by hydropower dam projects on the Mekong River and its tributaries gathered in Phnom Penh yesterday to share their experiences of how their lives have been adversely affected since the dams were constructed. Speaking at the ...
http://www.cambodiadaily.com/news/mekong-communities-tell-of-hardship-from-hydropower-dams-28793/
Mobile Firms Agree to Stop Price Dumping
Cambodia’s nine mobile phone operators on Friday agreed to refrain from engaging in unfair competition by offering generous top-up bonuses aimed at increasing their market share, officials said. Mao Chakrya, director of the Telecommunication Regulator of Cambodia (TRC), said that all of the country’s operators agreed ...
http://www.cambodiadaily.com/business/mobile-firms-agree-to-stop-price-dumping-20689/
China pledges $548 million in aid to ally Cambodia
China has pledged another $548 million in aid to Cambodia for infrastructure and irrigation systems, extending assistance that some critics say has bought it Cambodia’s diplomatic support. Agreements covering $500 million in soft loans and $48 million in grants were signed when Prime Minister Hun ...
http://www.reuters.com/article/2013/04/10/us-cambodia-china-idUSBRE93909D20130410
Relocation site has villagers worried
Villagers facing relocation from the site of the planned Lower Sesan 2 dam in Stung Treng province were told last week that they would be moved 15 kilometres from the river they rely on for fishing, a commune chief said yesterday. Seak Mekong, commune chief in ...
http://www.phnompenhpost.com/2013020661210/National/relocation-site-has-villagers-worried.html
Toll may lose rail rights
A company with ties to one of China’s top state-owned firms will look to push Toll Royal Railways and its local partner Royal Group of Companies out of a 30-year railroad concession with pledge to invest nearly US$850 million to revamp existing lines and build an additional ...
Toll Royal derails regional projects
The unclear future of Cambodia’s national railway, following Toll Royal Railways’ suspension of operations on March 31, has cast doubt not only on the oft-delayed redevelopment project but also on a larger build-out expected to connect much of Asia. Toll Royal, a joint venture by Australian ...
Exit of ANZ Royal CEO unexplained
ANZ Royal Bank chief executive Damian Bell has resigned from the post he held for not much more than a month, a company spokeswoman confirmed yesterday. He resigned “several weeks ago”, Libby Armstrong, a Hong Kong-based ANZ spokeswoman, said by phone. No explanation was offered for ...
http://www.phnompenhpost.com/index.php/2012041855621/Business/exit-of-anz-royal-ceo-unexplained.html
