The collaboration is aimed at accelerating the deployment of green hydrogen energy solutions across Cambodia and the ASEAN region. The agreement was signed in Singapore, marking a collaborative effort to integrate cutting-edge energy innovation with established operational scale.

The high-level signing ceremony featured Neak Oknha Kith Meng alongside Dr. Bo Bai, Group Executive Chairman and Co-Founder of Alpha Ladder Group; Ms. Tin Pei Ling, Co-President of Alpha Ladder Group; and Dr. Huang Kuan, Chief Executive Officer of Greenlyzer. This meeting of leadership underscores the international importance of the partnership in advancing clean energy innovation.

This partnership is designed to leverage Greenlyzer’s technological expertise alongside the extensive network and operational reach of Royal Group, which stands as Cambodia’s most diversified business conglomerate. A primary focus of the collaboration will be the exploration and deployment of next-generation solutions, specifically the Green Moving Grid. By combining these resources, the entities aim to establish new models for sustainable power generation and build future-ready infrastructure.

Under the leadership of Neak Oknha Kith Meng, Royal Group views this initiative as a pivotal step in strengthening Cambodia’s role within the ASEAN energy market. The group’s leadership emphasized that the goal is to transition the country from a mere participant to a meaningful contributor to the region’s clean energy future. This initiative represents an important step toward building energy infrastructure that supports national growth and contributes to the region’s long-term energy resilience.

Looking ahead, the vision for this partnership remains clear: to position energy as the foundation of digital economies, industrial transformation, and national resilience. This collaboration underscores a shared commitment to a future where innovation, sustainability, and economic growth move in tandem to meet the demands of a changing global climate.

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This significant investment, comprising $60 million in core capital and $28 million in supplementary capital, underscores Wing Bank’s commitment to strengthening its financial foundation and driving its ambitious growth strategy.

“This capital injection will further solidify our position as a trusted and forward-thinking financial partner for individuals and businesses alike,” said Neak Oknha Kith Meng, Chairman of the Board of Directors of Wing Bank and CEO of the Royal Group of Companies. “The growing economy and the optimistic outlook for the future have played a key role in our decision to initiate this move.”

The increased capital will enable Wing Bank to expand its lending capabilities, providing crucial financial support to small and medium-sized enterprises (SMEs), corporate clients, and individual customers. This expansion will play a vital role in stimulating economic growth and creating opportunities for businesses and individuals across Cambodia.

In addition to bolstering its operational capacity, the capital increase will also have a direct positive impact on local communities. By extending its financial services to underserved areas, Wing Bank will empower more individuals and businesses with access to banking, digital financial tools, and credit facilities. This initiative will promote greater financial literacy and inclusion throughout the country.

Wing Bank has experienced remarkable growth in recent years, solidifying its position as a key player in Cambodia’s dynamic banking sector. This latest capital injection reaffirms the bank’s dedication to innovation, customer-centric solutions, and its contribution to the overall economic development of Cambodia.

About Wing Bank

Wing Bank is a leading provider of innovative financial services in Cambodia, committed to driving financial inclusion and empowering individuals and businesses. With a strong focus on digital solutions and customer satisfaction, Wing Bank offers a comprehensive range of banking products and services to meet the evolving needs of its diverse clientele. As part of the Royal Group of Companies, one of Cambodia’s largest conglomerates, Wing Bank is well-positioned to contribute to the nation’s economic growth and prosperity.

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The inauguration ceremony was graced by the presence of several esteemed guests, including HE. Keo Rottanak, Minister of Mines and Energy and Chairman of the Royal Government Working Group Assisting Pursat Province; HE. Khoy Rida, Governor of Pursat Province; and Mr. Seng Phalla, Branch Manager of the National Bank of Cambodia-Pursat Province.

And also in attendance were Neak Oknha Kith Meng, Chairman of the Board of Directors of Wing Bank and CEO of the Royal Group of Companies, and Lok Chumteav Mao Chamnan, Chief Operating Officer of Wing Bank and Vice-Chairwoman of the Royal Group of Companies.

Conveniently located along National Road Number 5, just 150 meters from Pursat Bridge, the Pursat provincial branch is Wing Bank’s 23rd location, further solidifying the bank’s presence across Cambodia.

This new branch offers a comprehensive suite of banking products and services, including deposits, loans, domestic and international money transfers, utility payments, and the issuance of Visa, Mastercard, and UnionPay debit and credit cards. Customers can also access insurance consultation services, complete various tax payments to the General Department of Taxation, and much more.

With the launch of this new branch, Wing Bank reinforces its dedication to delivering accessible, innovative solutions that empower individuals, businesses, and the local community to thrive.

This new branch marks Wing Bank’s 23rd office, further expanding the bank’s national footprint. It complements Wing Bank’s vast network of over 11,000 agents across Cambodia, creating a robust, dual-channel approach. By combining physical branches with an extensive agent network, Wing Bank ensures its services are accessible to communities, even in the most remote areas of the country.

Wing Bank’s expansion into Pursat, along with its network of over 11,000 agents, reinforces its position as a leader in Cambodia’s digital banking sector. The new branch, supported by this vast agent network, will provide essential services and digital tools that will help local businesses thrive and individuals achieve their financial goals.

The post Wing Bank Inaugurated Its newest Branch in Pursat City first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

“Today, I’m incredibly proud to announce the grand opening of this innovative collaboration between Cellcard and Royal Railways,” said Neak Oknha Kith Meng, Chairman of Royal Group. “This Customer Experience Center is a testament to our commitment to providing exceptional service and embracing the digital era while honoring our rich history.”

The center, housed in a beautifully restored historical building constructed between 1929 and 1932, offers a blend of tradition and modernity. Neak Oknha Kith Meng emphasized the significance of preserving Cambodia’s heritage while embracing technological advancements. “This historic Royal Railway space is not just a building, but a symbol of our dedication to digital technology and our respect for our past,” he stated.

The Customer Experience Center provides a welcoming environment for customers, offering personalized assistance and digital self-service options. “We are excited to offer our customers a truly exceptional and convenient experience where history meets the future,” said Neak Oknha Kith Meng.

The launch of the Customer Experience Center marks a significant milestone for both Cellcard and Royal Railways, reaffirming their commitment to providing innovative and customer-centric services.

The post A Century-Old Building Meets Modern Technology: Royal Group’s New Customer Experience Center first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The launch event was attended by Neak Oknha Kith Meng, Chairman & CEO of Royal Group, Ms. Ivana Tranchini, Visa Country Manager for Cambodia, and distinguished representatives from Wing Bank and other companies.

Neak Oknha Kith Meng expressed his pride in the partnership and confidence in Wing Bank’s commitment to delivering exceptional products and services.

“The Cambodian economy is thriving, and there’s a growing demand for high-end banking services tailored to local needs,” said Ms. Ivana Tranchini, Visa Country Manager for Cambodia. “We’re delighted to collaborate with Wing Bank to deliver a premium card that combines value, security, and convenience.”

The Wing Bank Visa Infinite Credit Card boasts impressive features, including an extended interest-free period of up to 55 days, credit limits of up to USD 1 million, and a $1 million life cover.

Cardholders can also enjoy exclusive access to Wing Bank Premier Banking Lounges, global airport lounges, and the option to add up to five supplementary cards for family members. For added security, the card incorporates advanced EMV 3-D Secure Authentication and a unique numberless design.

Wing Bank, a leading mobile banking provider in Cambodia and a subsidiary of Royal Group, serves over 10 million customers through its network of more than 10,000 nationwide agents. Offering a wide range of financial services including transfers, bill payments, cash withdrawals, and loans, Wing Bank is dedicated to providing accessible and affordable banking solutions to all Cambodians.

The post Wing Bank and Visa Introduce Premium Credit Card to Cambodia first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

This collaboration signifies a significant step forward in the company’s commitment to excellence and innovation. The partnership aligns with the Cambodian government’s vision for tourism-driven economic growth and urban development.

Neak Oknha Kith Meng emphasized that the project will create new jobs and contribute significantly to the nation’s economy.

Kith Sula, Chief Operating Officer of Royal Group International, played a pivotal role in bringing this project to fruition. Sula expressed his pride in the partnership, stating that it marks a new era for the Cambodian hospitality sector.

The Ritz-Carlton Phnom Penh is expected to elevate the Kingdom’s international profile and solidify Phnom Penh’s position as a premier destination for luxury travelers in Southeast Asia. Royal Group is committed to ensuring that the property becomes a flagship of luxury in the region.

Neak Oknha Kith Meng expressed his immense pride in Sula’s accomplishments and anticipation for future projects led by Royal Group International.

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The shipment, which arrived on Sunday, July 28th, marks a substantial milestone in Royal Railway’s ongoing commitment to providing efficient and reliable freight transportation solutions throughout Cambodia. This acquisition is a cornerstone of Neak Oknha Kith Meng’s broader investment plan to expand the fleet by an impressive 200 wagons.

This strategic expansion underscores Royal Group’s dedication to bolstering Cambodia’s transportation network and driving economic growth. By increasing its capacity and efficiency, Royal Railway solidifies its position as a key player in the region’s logistics sector.

Neak Oknha Kith Meng’s foresight in recognizing the pivotal role of rail transportation in Cambodia’s development is evident in this substantial investment. As the nation continues to progress, a robust and efficient rail infrastructure is essential for supporting trade, industry, and overall economic prosperity.

Beyond the expansion of its freight capabilities, Royal Group, through its subsidiary Royal Railway Cambodia (RRC), has initiated test runs on the northern railway line connecting Phnom Penh and Poipet.

This significant development marks a crucial step towards resuming passenger services on this route, which has been suspended for an extended period. The restoration of this railway line is expected to boost both passenger and freight transportation throughout the country.

Royal Railway remains steadfast in its commitment to delivering exceptional service, safety, and reliability to its customers. The company expresses its sincere gratitude to partners and stakeholders for their unwavering support in this endeavor.

Royal Railway, a subsidiary of Royal Group, is Cambodia’s leading rail transport provider, offering both passenger and freight services nationwide. Since commencing operations in 2010 following the rehabilitation of the railway network, the company has been dedicated to safety, reliability, and customer satisfaction. Royal Railway plays a vital role in supporting Cambodia’s transportation needs and economic development.

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Four Kiha 183-182 trains – Kiha183-4559, Kiha182-7561, Kiha182-7552, and Kiha182-4558 – participated in the trial run on July 24, 2024. These second-hand trains, recently imported from Japan, are undergoing testing to assess the railway’s readiness for passengers and ensure a smooth resumption of service.

The test run serves two purposes. Firstly, it allows railway officials to evaluate the overall condition of the tracks and infrastructure for passenger travel. Secondly, it sends a positive message to the public about the upcoming return of passenger trains on the Phnom Penh-Poipet route.

The testing process is comprehensive. Royal Railway Cambodia’s technical team is meticulously examining various aspects of the trains, including the undercarriage system, air conditioning units, safety doors, and other equipment. This ensures the trains meet the highest safety standards before passenger service officially resumes.

It’s important to note that while passenger service has been suspended, freight trains have continued to operate on the Northern Railway Line three times a week.

The Royal Railway Cambodia, owned by Neak Oknha Kith Meng (President of the Cambodia Chamber of Commerce and Chairman of the Royal Group), recently acquired a fleet of 11 high-speed locomotives from Japan.  These pre-owned trains, though not brand new, are considered suitable for Cambodia’s railway infrastructure.

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The highly anticipated Royal Group Platinum Condominium officially opened its doors on July 5th, 2024, marking a significant milestone in Phnom Penh‘s luxury housing scene.

The grand opening ceremony was a prestigious event, graced by the presence of H.E. Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction, Mr. Sok Penh Vuth, Deputy Governor of Phnom Penh, and Ms. Teo Lay Cheng, Singapore Ambassador to Cambodia, alongside other distinguished guests.

This landmark project represents a collaborative effort between Dato’ Dr. Johnny Ong, Deputy Chairman & CEO of Hong Lai Huat Group Limited, and Royal Group of Companies.

Their vision was to create a unique and modern living experience unlike anything seen before in Cambodia. Royal Group Platinum Condominium stands as a testament to their innovative spirit and tireless dedication.

Construction began on May 7, 2019 with a huge investment of $100 million, and the final product is truly impressive. The development boasts 851 residential units and 50 commercial spaces spread across a sprawling 100,000 square meters.

The towering 28-story structure reflects Singaporean design excellence, offering residents a fresh perspective on luxury living.

One of the most distinctive features is the entire floor dedicated to exclusive amenities. Residents can unwind at a variety of private clubs, including a timeless swimming pool, a dedicated space for football enthusiasts, and a breathtaking aerial garden – a haven for relaxation while soaking in the stunning 360-degree panorama of Phnom Penh.

Neak Oknha Kith Meng, Chairman of the Cambodia Chamber of Commerce and Chairman & CEO of Royal Group, emphasizes the that “home is where the heart is, the project is offering residents a chance to experience a new way of life in the heart of Phnom Penh.”

The post Royal Group Platinum’s $100 Million Investment Takes Flight in Phnom Penh first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

During a meeting between Toyota’s Managing Director and Cambodian Prime Minister Hun Manet, the academy plans received strong support. The Prime Minister, however, emphasized the importance of a broader training scope.

The academy should equip students for the overall needs of the domestic and international automotive job market, not just cater to Toyota’s specific needs. This collaborative approach could be achieved through either an independent academy or a partnership with an existing government training school.

Looking beyond immediate training needs, Prime Minister Hun Manet played a key role in shaping the future of Cambodia’s auto industry. He urged Toyota to consider two key areas for local partnership:

Parts Manufacturing: The Prime Minister encouraged Toyota to explore manufacturing Toyota spare parts in Cambodia. This wouldn’t just serve the Cambodian market, but potentially reach international markets as well, positioning Cambodia as a key regional player.

Local Supplier Network: The Prime Minister also championed partnerships with local Cambodian companies to supply accessories for Toyota vehicles. This would foster a strong local supplier network within the industry.

This move by Toyota, along with the Cambodian government’s focus on local partnerships, signifies a commitment to building a skilled workforce and boosting Cambodia’s automotive sector. The academy, along with potential parts manufacturing and local supplier partnerships, has the potential to create a robust ecosystem for Cambodia’s auto industry.

This year kicked off with a significant milestone for Cambodia’s auto industry: the inauguration of the first Toyota assembly plant run by Toyota Tsusho Manufacturing (Cambodia) Co., Ltd. in the Royal Group Phnom Penh Special Economic Zone.

This new car assembly factory, representing a total investment of nearly US$37 million, employs 150 people and boasts the capacity to assemble 1,320 cars in 2024. The production focuses on two popular models – the Toyota Hilux Pickup (1,030 cars) and the Toyota Fortuner SUV (290 cars).

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