News
Not all paths to growth the same
Denis Hew, director of the policy support unit at the Asia-Pacific Economic Cooperation Secretariat said that Cambodia and Laos, in particular, should seek to chart a different course in Asean rather than following growth models of more developed economies, such as Malaysia or Thailand. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/not-all-paths-growth-same
Families to file complaint with IFC over rubber plantations
Some of the hundreds of families losing land and community forest to Vietnamese-owned rubber plantations in Cambodia’s northeast will this week file a complaint with the International Finance Corporation (IFC) over the investment it has made in the plantations’ parent company. Eang Vuthy, executive director of ...
Zsombor Peter
http://www.cambodiadaily.com/news/families-to-file-complaint-with-ifc-over-rubber-plantations-51765/
Credit Suisse’s HAGL holdings drawing fire
Credit Suisse, a financial services firm based in Switzerland, has been accused of aiding land grabbing in Cambodia by becoming a major shareholder in Vietnamese rubber giant Hoang Anh Gia Lai (HAGL) Group. In a statement released today, Global Witness (GW), an NGO based in England, ...
Shane Worrell
http://www.phnompenhpost.com/national/credit-suisse%E2%80%99s-hagl-holdings-drawing-fire
Bank exits rubber firm: NGO
Global Witness, a United Kingdom-based NGO, has alleged that Deutsche Bank has dropped the majority of its holdings in a Vietnamese company that operates rubber plantations in Cambodia, amid accusations the firm is involved in land grabbing and illegal logging. In a statement released today, Global ...
Shane Worrell
http://www.phnompenhpost.com/national/bank-exits-rubber-firm-ngo
Update says rubber company up to old tricks
Vietnamese rubber firm Hoang Anh Gia Lai (HAGL) has failed to keep its commitments to address human rights and environmental abuses at its plantations in Cambodia, Global Witness said in a statement yesterday. In May, the London-based NGO published an investigation into two Vietnamese rubber companies ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/update-says-rubber-company-old-tricks
Banks Urged to Divest From Ratanakkiri-Based Rubber Firm
Environmental campaign group Global Witness on Thursday called on the International Finance Corporation (IFC) and Deutsche Bank to divest immediately from a Vietnamese firm whose rubber plantations in Cambodia are accused of rampant illegal logging and forced evictions of indigenous communities. The call came exactly six ...
Zsombor Peter
http://www.cambodiadaily.com/news/banks-urged-to-divest-from-ratanakkiri-based-rubber-firm-47045/
Rubber Company Joins CPP Gift-Giving Ceremony in Ratanakkiri
Representatives of a Vietnamese rubber firm that has been accused of contributing to the illegal deforestation of vast tracts of land in northeast Cambodia joined local CPP-aligned government officials in Ratanakkiri province on Friday to hand out rice, salt and sugar to more than 400 ...
IFC, Deutsche Bank respond to Global Witness report
On May 13, we ran an interview with London-based NGO Global Witness accusing the Deutsche Bank and the International Finance Corporation of financing two Vietnamese rubber companies that are allegedly involved in land grabs in Cambodia and Laos. We asked both banks for a response ...
Vietnam rubber tycoon rejects land grabbing accusations
A Vietnamese rubber tycoon has rejected accusations by Global Witness, a group that campaigns on resource issues, that it was involved in a land grabbing crisis in Southeast Asia. Doan Nguyen Duc, the chairman of Hoang Anh Gia Lai (HAGL) Group, told Vietnamese media the information ...
Cambodia Plantations Not IFC’s First Controversy
In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...
http://www.cambodiadaily.com/news/cambodia-plantations-not-ifcs-first-controversy-23793/
Deutsche Bank, IFC Rubber Investments Questioned
Deutsche Bank and the World Bank’s International Finance Corporation (IFC) have poured millions of dollars into Vietnamese rubber companies operating in Cambodia that have engaged in illegal logging and forced evictions of local farmers, the environmental rights group Global Witness says in a new report ...
http://www.cambodiadaily.com/news/deutsche-bank-ifc-rubber-investments-questioned-23598/
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