Logo of Phnom Penh Post newspaper Phnom Penh Post - Tycoon Teng Boonma leaves behind towering legacy

Tycoon Teng Boonma leaves behind towering legacy

Content image - Phnom Penh Post
An artist's rendition of the planned Thai Boon Rong Commercial Tower and Phnom Penh. Thai Boon Rong's chairman Teng Boonma passed away on Friday at age 75. Photo supplied

Tycoon Teng Boonma leaves behind towering legacy

Teng Boonma, chairman of Thai Boon Roong Co Ltd and once described as the richest man in Cambodia, died on Friday at the age of 75 after a lengthy struggle with diabetes and high blood pressure, local media reported.

The politically connected tycoon made headlines in February when his company announced plans to build a colossal 133-storey mixed-use twin tower on the former site of Dreamland theme park in Phnom Penh.

Linda Luk, senior corporate communications manager for Hsin Chong Construction Group Ltd, the Hong Kong-based company appointed to manage the development’s construction, said yesterday that her company was saddened by the news of Boonma’s passing but “will continue to work closely with the developer and contractor to see through successful delivery of the project.”

MOST VIEWED

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • After three deferrals, Capital Gains Tax to take effect Jan 1, 2024

    The General Department of Taxation (GDT) will implement the Capital Gains Tax starting January 1, 2024 to after being deferred three times as industrial players warn that the implementation might have some negative impact on the property market growth, which is down due to the economic downturn.