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 ...

http://www.thanhniennews.com/index/pages/20130514-vietnam-rubber-tycoon-rejects-land-grabbing-accusations.aspx

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 ...

http://www.radioaustralia.net.au/international/radio/program/connect-asia/ifc-deutsche-bank-respond-to-global-witness-report/1130314

Koh Kong cashes in on conservation

Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...

http://www.phnompenhpost.com/2013051465588/Business/koh-kong-cashes-in-on-conservation.html

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/

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

Egat wants coal plants in Cambodia, Myanmar, Krabi

Energy Minister Pongsak Ruktapongpisal has given the Electricity Generating Authority of Thailand (Egat) the green light to proceed with a plan to build coal-powered plants in Myanmar and Cambodia – providing Thailand with 10,000 megawatts of electricity. Egat has also been instructed to negotiate the ...

http://www.nationmultimedia.com/business/Egat-wants-coal-plants-in-Cambodia-Myanmar-Krabi-30205968.html

Investment and Trade Fair Opens In Koh Kong

The first three-day Koh Kong Investment and Trade Fair 2013 kicked off on Saturday, promoting trade and investment in the southern provinces of Cambodia with neighbours Thailand and Vietnam. “The [fair] is aimed at promoting trade and development in Koh Kong province and other border ...

http://www.phnompenhpost.com/2013051365565/Business/investment-and-trade-fair-opens-in-koh-kong.html

CIMB says Local Investors Bring More Franchises to Cambodia

The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...

http://www.cambodiadaily.com

Wage Hike Leads To Rent Fears

Cambodian Confederation of Unions president Rong Chhun yesterday appealed to landlords with properties close to garment factories not to take advantage of the industry’s minimum wage increase by raising rent prices. The minimum monthly salary in the garment sector – Cambodia’s biggest export industry – officially ...

http://www.phnompenhpost.com/2013051065555/National/wage-hike-leads-to-rent-fears.html

Cambodian PM to visit Macau in September

Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights between Cambodia and Macau. According to Xinhua, the ...

http://www.macaudailytimes.com.mo/macau/43622-cambodian-pm-to-visit-macau-in-september.html

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

Macau To Cambodia Route ‘In Negotiation’

A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...

http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html

Ministry Cancels Telco Limits

An often flouted and publicly unpopular restriction forbidding Cambodia’s telecoms from offering lucrative mobile phone promotions was scrapped on Sunday, just two weeks after it was introduced. In a letter from the Ministry of Posts and Telecommunications (MPTC), signed by Minister So Khun, it announced a ...

http://www.phnompenhpost.com/2013050765438/Business/ministry-cancels-telco-limits.html

Phnom Penh Governor Leaves Behind Mixed Legacy

During his speech last week at the swearing-in ceremony of Phnom Penh’s new governor, Pa Socheatvong, Interior Minister Sar Kheng noted that managing Cambodia’s capital is by no means an easy task. While critics of [former Phnom Penh governor] Mr. [Kep] Chuktema note his failure ...

http://www.cambodiadaily.com/news/phnom-penh-governor-leaves-behind-mixed-legacy-22697/

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