News

Oxley to acquire Cambodian asset for US$11.2m

In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 May 2013 to acquire all the shares ...

http://sbr.com.sg/commercial-property/more-news/oxley-acquire-cambodian-asset-us112m#sthash.MwztrlYA.dpuf

Despite Land Loss, Minorities Back Status Quo

Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...

http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/

ADB to loan $55 million to Cambodia's rice sector

The Asian Development Bank (ADB) has approved a loan of $55 million to help transform the rice sector of Cambodia into a viable commercial industry as well as taking care of the land and water resources. ADB’s Climate-Resilient Rice Commercialization Sector Development Program―which will run ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZjI4NDZjMzFlMmE

Desperate families pursue final options

Families who claim a foreigner fabricated documents to sell their land to port officials and a military commander more than seven years ago have desperately appealed to government bodies to intervene. The 104 families who have exhausted legal avenues after both the provincial and Supreme Court ...

http://www.phnompenhpost.com/2013062866543/National/desperate-families-pursue-final-options.html

Unlike Past Elections, Property Investors Remain Buoyant

Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...

http://www.cambodiadaily.com/elections/unlike-past-elections-property-investors-remain-buoyant-32542/

Fraud Case Highlights Bribery Around Requests for Citizenship

The Court of Appeal on Monday acquitted a South Korean businessman who allegedly stole $50,000 that was supposed to be used to acquire Cambodian citizenship for his boss in 2007. Koo Bonkwang, the former president of Commerce Central Finance, a microlender, said he paid the money ...

http://www.cambodiadaily.com/news/fraud-case-highlights-bribery-around-requests-for-citizenship-31785/

Jail Sentence for Anti-Eviction Activist Upheld

The Court of Appeal on Friday upheld the guilty verdict for anti-eviction activist Yorm Bopha, but reduced her sentence from three-to two-years imprisonment, of which one year was suspended. The ruling means that Ms. Bopha will not be released until late 2014. Supporters and human rights groups ...

http://www.cambodiadaily.com/news/jail-sentence-for-anti-eviction-activist-upheld-31073/

Hundreds Protest Over Forest Land Seizures

More than 700 villagers from five provinces yesterday protested in front of the provincial government headquarters in Kompong Chhnang after losing their community forests to large agro-industry firms. Organized by the Cambodian Grassroots People’s Assembly- a network of communities that includes forestry and land activists as ...

http://www.cambodiadaily.com/news/hundreds-protest-over-forest-land-seizures-30971/?utm_source=rss&utm_medium=rss&utm_campaign=hundreds-protest-over-forest-land-seizures

Protesters Mix Petitions, Black Magic to Get Land

Sporting red bandanas and armed with the accoutrements of Khmer black magic, several hundred demonstrators representing embattled communities throughout the country held noisy protests outside several government offices yesterday, where they placed curses on corrupt officials and submitted written petitions demanding justice. Unlike previous protests that ...

http://www.cambodiadaily.com/news/protesters-mix-petitions-black-magic-to-get-land-30761/

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/

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