News

China deals swiftly signed

Cambodian and Chinese officials and business leaders yesterday signed 19 agreements during a visit to Phnom Penh by Chinese Premier Li Keqiang, boosting Chinese investment at a time when the regional power has upped its economic and political support for Hun Sen’s government.​ ... ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/china-deals-swiftly-signed

Sesan dam gets land concession

The government has reclassified 32,305 hectares of public land in Stung Treng province’s Sesan district to provide an economic land concession for the Lower Sesan II dam. According to a sub-decree signed by Prime Minister Hun Sen on November 17, the land covers part of ...

May Titthara
http://www.khmertimeskh.com/5097362/sesan-dam-gets-land-concession/

Sesan Dam villagers tell officials to leave

Villagers embroiled in a battle against the government and builders of the Lower Sesan II Dam in Stung Treng province yesterday demanded that provincial officials vacate a local pagoda they have occupied as an office. ... ...

May Titthara
http://www.khmertimeskh.com/5078289/sesan-dam-villagers-tell-officials-leave/

Koh Rong land hard titles released to fasttrack Island Development Plan

After the government confirmed legal land titles to residents of Koh Rong and ends conflict and uncertainty between land of residents and land of companies on 14 July 2017, it is highly likely that land prices will skyrocket and Koh Rong will change its new ...

Ky Kosal
https://www.realestate.com.kh/news/Koh-Rong-Land-Hard-Titles-Released-Today-to-Fasttrack-Island-Development-Plan/

Report fingering tycoon in timber crime taken down

A national police spokesman yesterday said a report alleging that tycoon Kith Meng’s Royal Group was colluding with loggers to launder timber was mistakenly posted on the body’s official site by a “tired” employee who meant to share the information with local reporters but not ...

Phak Seangly
http://www.phnompenhpost.com/national/report-fingering-tycoon-timber-crime-taken-down

Lottery hopes to soar on Wing network

Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ... ...

Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network

Royal representative denies claims

A representative of business mogul Kith Meng’s Royal Group yesterday hit back at a report published by the National Police accusing the company of laundering illegal timber through the Lower Sesan II hydro power project. ... ...

Phak Seangly
http://www.phnompenhpost.com/national/royal-representative-denies-claims

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/

Kith Meng firm’s wood seized near border

Authorities in Tbong Khmum province seized two trucks that were about to break the government’s ban on timber exports to Vietnam by carting wood across the border for a company owned by business mogul Kith Meng. ... ...

Aun Pheap
https://www.cambodiadaily.com/news/kith-meng-firms-wood-seized-near-border-127418/

Villagers complain about dam deal

Several families affected by the construction of the Lower Sesan II dam yesterday renewed their calls for the government to demarcate boundaries so they can stay on their “ancestral land,” while others who chose to relocate painted a grim picture of squalid conditions in their ...

Pech Sotheary
http://www.khmertimeskh.com/news/36329/villagers-complain-about-dam-deal/

PM wants fast data satellite

Cambodia should have its own satellite to make high-speed broadband available to all, Prime Minister Hun Sen said yesterday. The prime minister also proposed that the Royal Group, a local conglomerate, partner with other  companies to make the Kingdom’s satellite dream a reality. Addressing about 600 ...

Sok Chan
http://www.khmertimeskh.com/news/33238/pm-wants-fast-data-satellite/

Forests being cleared: report

Ten trucks fully loaded with timber have been spotted entering a heavily guarded sawmill near the Lower Sesan II dam on an hourly basis, claimed a report by the Cambodian Human Rights Task Force (CHRTF), which was released yesterday. According to the report, photos taken from ...

May Titthara
http://www.khmertimeskh.com/news/31962/forests-being-cleared--report/

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

Indian mining firm prepares to dig deep in Ratanakiri

The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage. The company plans to break ground on its ...

Aisha Down and Kang Sothear
https://www.cambodiadaily.com/news/indian-mining-firm-prepares-dig-deep-ratanakkiri-117474/

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/

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 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

Russian firm exploring potential rail deal

A visiting representative of JSC Russian Railways, the state-run firm that manages rail infrastructure and operates passenger and freight services in Russia, met executives of Cambodia’s railway operator yesterday to discuss possible cooperation between the two companies. ... ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/russian-firm-exploring-potential-rail-deal

Holdouts reject new offer to leave dam site

More than 90 villagers in Stung Treng province on Tuesday rejected compensation packages for the land they will lose to the under-construction Lower Sesan 2 hydropower dam, a local official said. ... ...

Ben Sokhean
https://www.cambodiadaily.com/news/holdouts-reject-new-offer-to-leave-dam-site-110297/

On Koh Rong, gov’t working group deciding who owns what

After getting the rights to develop Koh Rong island in 2008, the Royal Group started clearing land last year in preparation for the construction of its luxury Royal Sands resort. ... ...

Jonathan Cox and Ven Rathavong
http://www.khmertimeskh.com/news/23027/on-koh-rong--gov---t-working-group-deciding-who-owns-what/

Royal group ordered to dismantle jetty on O’tres beach

Six months after it started construction, Kith Meng’s Royal Group has been ordered to demolish a nearly finished jetty on O’Tres Beach near Sihanoukville, with local officials saying the tycoon’s company was never granted permission to build it in the first place. ... ...

Khuon Narim
https://www.cambodiadaily.com/news/royal-group-ordered-to-dismantle-jetty-on-otres-beach-106093/

Koh Rong projects ‘will not bring pain’, DPM says

Deputy Prime Minister Sar Kheng has sought to reassure residents of Koh Rong, an island off the coast of Preah Sihanouk province that has been leased to a local tycoon, that they would not be adversely affected by planned development projects. ... ...

Sen David
http://www.phnompenhpost.com/national/koh-rong-projects-will-not-bring-pain-dpm-says

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

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