[PHNOM PENH POST]
PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce.
Kith
Meng, the only contender who declared his candidacy for the three-year
mandate, received support from all 11 candidates eligible to stand.
“The chamber’s work involves co-operating with the aim of attracting new investment to Cambodia,” he said.
Kith
Meng, who is also chairman and chief executive officer of the Royal
Group, has already completed one three-year term in the role as
Cambodian Chamber of Commerce president. The previous two presidents of
the chamber were Sok Kong, head of the Sokimex Group, and tycoon Theng
Bunma.
Cambodian Chamber of Commerce director-general Nguon Meng
Tech said yesterday the role was crucial to attracting investment to
Cambodia, as well as completing work outside the country.
“We
have done plenty of work so far, including accompanying the Prime
Minister abroad and attracting foreign investors to organise workshops
in Cambodia,” he said.
Ministry of Commerce Secretary of State
Mao Thora said the agency acted as a representative and communicator for
a range of businesses to come to Cambodia. “The government understands
that the power from the Chamber is the combination of businesses and
business people,” Mao Thora said.
The Royal Group owns 45 per cent of ANZ Royal Bank, the Kingdom’s fourth-largest bank in 2010.
It
also owns Mobitel, one of the largest mobile-phone operators in
Cambodia, as well as 45 per cent of Toll Royal Railways, along with
numerous other ventures.
In July, an American diplomatic cable
made public by the anti-secrecy organisation WikiLeaks dubbed Kith Meng
“Mr Rough Stuff”, describing him as a “relatively young and ruthless
gangster”.
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