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/

Villagers Burn Down Soldiers’ Shelter on Disputed Land

Three members of the Royal Cambodian Armed Forces (RCAF) on Monday filed a complaint with police in Kompong Chhnang province, accusing irate villagers of torching a wooden shelter built for them by the well-connected KDC agro-industry firm. The soldiers have accused local residents, who have been ...

http://www.cambodiadaily.com/news/villagers-burn-down-soldiers-shelter-on-disputed-land-23790/

Agricultural brokerage firm begins operations

Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...

http://www.phnompenhpost.com/2013051465589/Business/agricultural-brokerage-firm-begins-operations.html

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/

The canes of wrath

Satiating the demands of the global sugar industry is big business for Cambodia’s sugarcane plantations. Yet accusations of human rights abuses and land grabs in the Kingdom have left a bitter aftertaste for many on the ground as companies vie for a larger slice of ...

http://sea-globe.com/sugar-cambodia/

Kingdom to reach rice target

Following a considerable increase in Cambodia’s milled rice exports in the first four months of the year, Minister of Commerce Cham Prasidh said he was optimistic the Kingdom’s rice exports would reach the 2015 target of one million tonnes. With this year’s export figures notably higher ...

http://www.phnompenhpost.com/2013051065539/Business/kingdom-to-reach-rice-target.html

Private property, public greed in Cambodia

Mark Moorstein knew little about Cambodia before he got involved in a lawsuit on behalf of land owners there. But as it’s turning out, the suit could end up affecting most every country in Asia. Moorstein is a land-use lawyer in Northern Virginia who, like many ...

http://www.politico.com/story/2013/05/lawyer-works-to-put-end-to-cambodia-land-grabbing-90985.html#ixzz2SlF9JBUm

Cambodia’s Economic Opportunity

While significant obstacles remain, the success of the rice sector is a potentially crucial driver in Cambodia’s prosperous and equitable development. Cambodia announced two major bilateral trade agreements recently, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. ...

http://thediplomat.com/2013/05/09/cambodias-economic-opportunity/

Trade with Vietnam increases

Bilateral trade between Cambodia and neighbouring Vietnam rose more than 10 per cent year-on-year in the first quarter of this year, data from the Vietnam Embassy in Phnom Penh showed. Officials said cross-border trade facilitation by both countries significantly contributed to the growth. But they said ...

http://www.phnompenhpost.com/2013050965501/Business/trade-with-vietnam-increases-2013.html

Major banks show more agricultural sector trust

Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned bank, has ...

http://www.phnompenhpost.com/2013050965499/Business/major-banks-show-more-agricultural-sector-trust.html

Milled Rice Exports Rise in the First Four Months

Milled rice exports have seen dramatic growth this year as the sector begins to take advantage of duty-free exports to European countries, an official and the U.N. Food and Agriculture Organization (FAO) said. Thon Virak, director of state-owned rice exporter Green Trade, said Tuesday that in ...

http://www.cambodiadaily.com/business/milled-rice-exports-rise-in-first-four-months-22826/

Firm Given Rights to All ELC Timber in Ratanakkiri

The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...

http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/

Old Soldiers Won't Fade Away

“I don’t know how to protect the territorial integrity [of the nearby Cambodian-Thai border] – even my three hectares of land I cannot protect,” said Bun Chanthorn, 54, one of hundreds of retired and active soldiers who since 2010 have been battling the local authorities ...

http://www.phnompenhpost.com/2013050765451/National/old-soldiers-won-t-fade-away.html

Kids beaten over ELC

Five men working for Ratanakkiri rubber concessionaire DM Group, including a soldier, have been arrested for allegedly beating a villager and his children – one of whom, doctors say, may not survive – in a scuffle over their family’s land, the father said yesterday. Police confirmed ...

http://www.phnompenhpost.com/2013050665430/National/kids-beaten-over-elc.html

Village patrols seize land-clearing tools

Jarai villagers in Ratanakkiri’s O’Yadav district escalated the defense of their protected land this weekend, confiscating the keys and batteries of bulldozers owned by the Vietnamese company they claim has been illegally clearing the area, community leaders said yesterday. The move comes after a number of ...

http://www.phnompenhpost.com/2013050665426/National/village-patrols-seize-land-clearing-tools.html

Sugar Firm Files Defense in Cambodian Lawsuit

British sugar firm Tate & Lyle has denied knowing of the alleged abuses at two Cambodian plantations accused of illegally driving hundreds of families off their farms and says that the families have no right to ask the company for compensation, according to the firm’s ...

http://www.cambodiadaily.com/news/uk-sugar-firm-files-defense-in-cambodian-lawsuit-21913/

Agriculture Contributes To Helping Cambodia’s Economic Growth: PM Hun Sen

“The agriculture sector today is still playing significant role in promoting local production growth, job creation, and contributing to the poverty reduction of the people.  At the same time, the agriculture sector will continue the basic role for economic growth and socio-economic development in Cambodia in ...

http://thesoutheastasiaweekly.com/?p=6134

Mekong forest facing sharp decline: WWF

BANGKOK: Demand for farmland may strip the Greater Mekong region of a third of its remaining forest cover over the next two decades without swift government action, a leading conservation group warned Thursday. Forests are being cleared for commodities such as rubber and rice while illegal logging is decimating ...

http://www.channelnewsasia.com/news/asiapacific/mekong-forest-facing-sharp-decline-wwf/661574.html

Cambodia Must Up its Game in Rice Exports

Cambodia announced two major bilateral trade agreements last month, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. Over the last few years, Cambodia has emerged as a major rice exporter in the region, due in large part ...

http://asiafoundation.org/in-asia/2013/05/01/cambodia-must-up-its-game-in-rice-exports/

High Risk Seen in Kingdom’s Business Environment: Report

Corruption, a weak judicial system and the potential for complicity with human and labour rights abuses are key risks for firms looking to invest in Cambodia, a new report [by Maplecroft, a UK-based global risk and strategic consulting firm] analysing investment risk in the Kingdom ...

http://www.phnompenhpost.com/2013050265368/Business/high-risk-seen-in-kingdom-s-business-environment-report.html

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