Logo of Phnom Penh Post newspaper Phnom Penh Post - Banker to lead Khmer-Chinese coterie

Banker to lead Khmer-Chinese coterie

Content image - Phnom Penh Post
Prominent banker and businessman Pung Kheav Se speaks at a press conference held at Toyoko Inn in Phnom Penh in 2015. Heng Chivoan

Banker to lead Khmer-Chinese coterie

Banking pioneer Pung Kheav Se was appointed yesterday as president of the Association of Khmer-Chinese in Cambodia, succeeding Duong Chhiv, who retired after holding the post for 16 years.

Kheav Se said during the ceremony that he would use his mandate to promote Chinese language and culture in Cambodia, further strengthen the Cambodia-China relationship, and attract more Chinese investors to Cambodia.

“We will create two more units in the association, a commercial promotion office and a legal consulting office,” he said. “These units will facilitate the flow of investment information and arrange business matchmaking, and play a key role as a bridge for Chinese people in Cambodia.”

Kheav Se, a Cambodian of Chinese decent, fled Cambodia in the 1970s to Canada. He returned in 1991 to co-found what is now Canadia Bank, currently the second-largest commercial bank.

He is also the CEO of real estate developer Overseas Cambodia Investment Corporation (OCIC), whose multibillion-dollar projects include Diamond Island City and Chroy Changvar Satellite City in Phnom Penh.

The Association of Khmer-Chinese in Cambodia is a representative body for the estimated 700,000 Cambodians of Chinese extraction living in the Kingdom.

Xiong Bo, China’s Ambassador to Cambodia, who attended yesterday’s event, said the association plays a crucial role in unifying Cambodia’s Chinese community and contributes to the country’s socio-economic development.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro