Vietnamese rice exporter face challenges from foreigners in Cambodia

Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report.

Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas for exporting its farm produce, especially rice, to the EU. Read more of this post

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Malaysian interest up in Cambodia’s land concessions

Lion Forest Industries Berhad will seek to acquire a 9,995 hectare concession in Cambodia, the latest in a number of Malaysian firms eyeing the Kingdom to increase land banks this year.

The firm aims to cultivate rubber and palm oil on the proposed concession in Preah Vihear province, with a total investment of 11.77 million ringgit (US$3.9 million), according to a filing on the Bursa Malaysia late on Wednesday.

Lion Forest halted its operations in Malaysia and China and is seeking to tap into a new core business and diversify its earnings stream, the statement said.
“For investors looking to grow and process crops, Cambodia is an ideal location as it has plenty of land available for agricultural concessions,” it said. Read more of this post

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

Cambodian banks aim to ride agriculture boom

Cambodian banks are hoping that a surge in agricultural investment will bring in the customers they need to take out loans and put to work the cash flooding into the frontier market’s overcrowded banking system.

Cambodia, which is due to open a stock exchange this year, is attracting investment to rural areas as it seeks to move from exporting primary crops to milling rice and packaging seafood to sell abroad.

Foreign donors have vastly expanded rural road networks and firms from Vietnam, Thailand, Malaysia and beyond are scrambling to buy land and expand rubber and rice plantations. But while the streets of Phnom Penh are cluttered with bank branches and cash machines, banks have ignored rural areas. Read more of this post

Malaysian firm eyes Mondulkiri rubber

Bursa Malaysia-listed BP Plastics Holdings Bhd expects to receive approval soon to start a rubber plantation in Mondulkiri province, according to media reports.

Chairman and Managing Director Lim Chun Yow said the application was “progressing well” and the company would make the necessary announcement once it received the green light, Malaysian newspaper The Star reported yesterday. Read more of this post