Rubber recovery boosts profits
Strong recovery of world rubber prices was expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies. The world rubber price closed at 208.5 yen per kilo on November 11, 4.98 per cent higher ...
Vietnamese firm to sell rubber plantation in Laos
A Vietnamese multi-sector conglomerate has announced it may sell nearly half of its massive rubber plantation stake in Laos to Chinese partners to deal with increasing debts and shrinking profits. The Vietnamese firm Hoang Anh Gia Lai is a major investor in Laos and operates a ...
Banks pump billions into deforestation-linked firms in Southeast Asia: study
Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars, a study showed on September 6, and called on lenders to stop “fuelling forest crime”. Southeast Asia is home to some of the world’s most diverse rainforests, but ...
Government, plantation managers trade blame
The managers of some of Cambodia’s most controversial agribusiness plantations on 21 July blamed their many land disputes on the government, accusing officials of failing to educate communities about the benefits of their giant farms. Rights groups blame economic land concessions for some of Cambodia’s worst problems, ...
PM pledges answers on Vietnamese border ELCs
Prime Minister Hun Sen will assign a team to respond to questions about the Vietnamese army’s alleged control of 40,000 hectares of land in Ratanakkiri province submitted by opposition lawmaker Um Sam An, imprisoned in April for his criticism of the government’s border policy. The letter, ...
Rubber association set to be established
The Lao National Rubber Association will be established sometime this year in order to help provide a sustainable income for rubber growers. Many rubber growers, especially in the northern provinces, have been struggling with the low price of rubber on the world market and the limited ...
Revised rubber export tax scheme criticised
Rubber producers said on 6 March the Cambodian government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. Prime Minister Hun Sen issued a ...
Indonesia, Malaysia and Thailand to cut rubber exports
The three Southeast Asian countries grouped in the International Tripartite Rubber Council (ITRC) will cut exports by 615,000 tons in the six months until August 31, 2016. Indonesia agreed to cut its exports by 238,736 tons, while Malaysia and Thailand pledged to reduce their overseas ...
Agro investors must be flexible
French agribusiness Socfin Group, which has managed rubber plantations in Cambodia since 2008, has seen rubber prices plummet and land claims multiply while waiting for its first returns on investment. The Post’s Ananth Baliga sat down with Jef Boedt, general manager of Socfin Cambodia, to ...
Thai Government moving quickly on rubber crisis
The Thai government will step up efforts to reduce rubber plantations, particularly on encroached lands as part of measures to tackle the low rubber price. Prime Minister Prayut Chan-o-cha said his administration will consider whether rubber plantations can be scaled down. Keep reading ...
