ELC earnings underwhelm
The Cambodian government earned about $80 million leasing economic land concessions and forests to private companies over the last three years, according to a report from the Ministry of Economy and Finance released last week. The January report, signed by Prime Minister Hun Sen, found that the ELC system, which is managed by the Ministry of Environment and the Ministry of Agriculture, Forests, and Fisheries (MAFF), faced significant challenges such as low revenues collected from rental fees and a lack of proper implementation from both ministries. …
May Kunmakara
http://www.phnompenhpost.com/business/elc-earnings-underwhelm
