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 ...

National rail system in the pipeline

An agreement to build a national rail system has been reached by the Royal Group and two major Chinese companies. The joint venture will refurbish the rail link from Phnom Penh to the Thai border and upgrade the rail expressway from Phnom Penh to Sihanoukville. There ...

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 ...

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 ...

Indian mining firm prepares to dig deep in Ratanakkiri

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 ...

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