News

ANZ distances itself from Cambodian partner

Australian financial institution ANZ has distanced itself from the Royal Group, its local partner in a Cambodian joint venture bank, following police reports linking the group to illegal logging activities. A report published by Cambodia’s National Police this week accused Royal Group, owned by prominent ...

Police link Kith Meng to illegal wood racket

The National Police on May 16 published a brief but scathing report on business mogul Kith Meng, citing anonymous sources who accuse his company of using its license to log the reservoir of the nearly completed Lower Sesan 2 hydropower dam to launder timber. Mr. ...

CBS completes merger with Legend Tiger

Cambodia Broadcasting Service (CBS), a subsidiary of business tycoon Kith Meng’s Royal Group, has finalised its merger with TV advertising company Legend Tiger Investment Co Ltd, creating the nation’s largest and best equipped television advertising production facility, according to a release on April 11.Keep reading ...

Cambodia’s Sambor dam plans causes controversy as public left in the Dark

“If the dam is built, it will be like before, in the time of the Khmer Rouge when we all had to move,” said Plau Saret, 44, of Domrae Village on the Mekong River island of Koh Tnaot, right next to the proposed Sambor Dam ...

New era of big dam building on the Mekong?

More than 50 years have passed since Australian engineers from the Snowy Hydroelectric Authority did site studies for the huge Sambor Dam on the Mekong River in Cambodia, but the mega project is now back on the drawing board.​ The Cambodian Government has signalled it ...

PM urges Royal Group to launch satellite

Prime Minister Hun Sen urged the influential tycoon at the head of the country’s biggest conglomerate to move forward on a long-stalled plan to launch Cambodia’s first satellite, adding that it would be a profitable venture given the high demand from the booming telecommunications industry. ...

Land survey for Royal’s K Rong project begins

Authorities on Preah Sihanouk province’s Koh Rong island on December 13 started measuring out a land concession given to the Royal Group, which is building a five-star hotel and resort, in order to allow the company to develop the area and to provide plots to ...

ANZ to remain in local market?

The chief executive of ANZ Royal Bank has denied media reports that the Australian and New Zealand Bank Group is considering pulling the plug on its Cambodian operations amid a planned retreat from the region’s markets. In a filing to the Australian Stock Exchange on ...

China’s Xi Jinping visits King, Hun Sen

Throngs of cheering school children greeted Chinese President Xi Jinping upon his arrival in the capital on October 13, with balaclava-clad soldiers enforcing order and whole sections of the city shut down as he paid visits to the King and the prime minister. On his first ...

China agrees to double rice import quota: PM

China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China on September 12, offering a much-needed boost to Cambodia’s beleaguered rice sector. The prime minister said China’s government had officially ...

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