Logo of Phnom Penh Post newspaper Phnom Penh Post - Investors go on trust law education drive

Investors go on trust law education drive

Content image - Phnom Penh Post
Prince Trust board director Michael Chiam (second left), Cambodian Investment Management CEO Anthony Galliano (second right) and Realestate.com.kh CEO Tom O’Sullivan (right) at the May 27 signing ceremony. SUPPLIED

Investors go on trust law education drive

Prominent Cambodian-based investors are joining forces to shed light on the Law on Trust and advertise the Kingdom’s investment environment, to make up for missed opportunities due to the Covid-19 pandemic as the local outbreak remains under control.

A memorandum of understanding (MoU) was signed to this effect on May 27 by Cambodian Investment Management, a company that has overseen many joint ventures and provides multiple services in the Kingdom; Prince Trust, a member of Prince Holding Group; and real estate website Realestate.com.kh.

Cambodian Investment Management CEO Anthony Galliano said that under the MoU, the three companies would come together to guarantee the safety and security of investors based in the Kingdom.

“The message is: ‘Come to invest in Cambodia,’” Galliano said, taking the opportunity to share his success in running businesses in the Kingdom since 2009. Cambodian Investment Management entered Cambodia in 2009 as a “little baby” with only two staff members, he said.

“Cambodia is open for business, one of the most attractive investment destinations in the world, with one of the best economic growth records,” Galliano added.

At the MoU singing, Michael Chiam, board director of Prince Trust, one of Cambodia’s largest business groups spanning across real estate development, financial services and consumer services, said: “We established Prince Trust to assist foreign investors looking to venture into Cambodia by promoting trust law.

“Together with the strong credibility and market awareness of Cambodian Investment Management and Realeastate.com.kh, we will be able to leverage on our respective competitive strengths in addressing the needs of foreign real estate investors looking into Cambodia,” he said.

The trust law was promulgated on January 2, 2019 by Royal Decree No NS/RKM/0119/002, less than a full year before the emergence of Covid-19, which plunged the world into unprecedented crises and dysfunction.


  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,

  • 11th Chaktomuk Short Film Festival draws to close

    Cambodia's 11th Chaktomuk Short Film Festival wrapped up successfully on November 28 after a four-day run, with the film “Voice of the Night” awarded top prize for 2022. Sum Sithen, the organiser of the short film festival, told The Post that the number of attendees to the