Cambodian tycoon Kith Meng, who runs banking-to-telecoms conglomerate Royal Group, is teaming up with PhilippineAirlines(PAL) to launch a new carrier later this year.
An indication of their influence is the key roles they played in effecting a major management revamp of two of the country's largest corporations: Philippine Long Distance Telephone Co. (PLDT) and PhilippineAirlines(PAL).