Malaysia is third largest investor in Cambodia

Malaysia has become the third largest investor in Cambodia with its investments in the country amounting to US$3.4 billion from 1980.

Malaysian Ambassador to Cambodia, Datuk Pengiran Mohd Hussein Datuk Pengiran Mohd Tahir Nasruddin said Malaysia’a third placing comes after China and Korea.

The investment opportunities for Malaysia are still plenty especially in the agriculture sector considering the availability of large areas of land which are yet to be developed in the country, he said.

“Malaysian companies with potential can invest in the country’s main agriculture sector involving rubber, oil palm and corn,” he told Bernama at his office here after briefing a delegation of 20 students and staff from Universiti Malaysia Kelantan (UMK) currently on an academic visit to the country. Read more of this post

Price and export of corn rising

International demand for animal feed is pushing corn prices higher, fuelling the growth of the industry in western Cambodia.

Corn prices have increased by some 25 percent year on year, leading to an increase in land being planted, Battambang province farmers said. Read more of this post

Land concession inside a protected forest granted to company

An economic land concession spanning 1,400 hectares has been granted inside Kampong Speu’s protected Phnom Oral forest to an unspecified company by Prime Minister Hun Sen.

A sub-decree signed by the premier on May 24 and received by The Post on Tuesday reclassifies the land, which lies within the Phnom Oral Wildlife Sanctuary in Oral district’s Trapaing Chor commune and Thpong district’s Omlaing commune, for agro-industrial development. Read more of this post