Logo of Phnom Penh Post newspaper Phnom Penh Post - Malaysian firm eyes Mondulkiri rubber

Malaysian firm eyes Mondulkiri rubber

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.

In its annual report released last month, the firm said it aimed to diversify into rubber cultivation to deliver sustainable returns to shareholders.

“The decision to select Cambodia for rubber cultivation is due to the availability of arable land, costs consideration and outlook for natural rubber demand for the next few decades,” the report said.

BP Plastics could not be reached for comment by The Post yesterday.

Meanwhile, rubber prices have increased substantially in the last year.

Rubber closed at 15,980 ringgit (US$5315.15) per tonne yesterday, from some 11,855 ringgit from June 2010, according to data for the highest listed grade from the Malaysian Rubber Board.

MOST VIEWED

  • Forest Harmony’s $18M luxury villas break ground in Kampot

    Local and French joint-venture Forest Harmony has broken ground on its $18 million “second-home” Luxury Holiday Villas project in Kampot province. Century 21 Mekong CEO and local shareholder of the project Chrek Soknim told The Post that the project will comprise 90 villa units covering 18ha on a 97

  • US, Cambodia pledge to strengthen military ties

    The US on Tuesday pledged to help train military officers, particularly Cambodia’s blue helmet troops deployed for UN’s peacekeeping operations. The pledge was made during a meeting between US ambassador Patrick Murphy and Royal Cambodian Armed Forces (RCAF) commander-in-chief General Vong Pisen. Further

  • US imposes sanctions on Oknha Pheap and Kun Kim

    The Ministry of Foreign Affairs and International Cooperation expressed strong dismay on Monday over the designation of Cambodian tycoon Oknha Try Pheap and General Kun Kim under the US’ Global Magnitsky Act. “It is very disturbing when the public figures of a country become the

  • Rights Day forum denied in Sihanoukville

    The Preah Sihanouk provincial administration last Saturday denied the request of land communities for a public location in the province to celebrate International Human Rights Day 2019 as the administration had already held forums to discuss land issues. However, the land community representatives said they would

  • Sokha lodges an appeal over treason case reaching court

    Kem Sokha, the president of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), has appealed against the decision to send his treason case to trial. Sokha’s legal team said their client was not satisfied with the decision of a Phnom Penh Municipal Court investigating

  • Gov’t approves $9B worth of building projects in 2019

    The government has approved more than $9 billion this year for capital investment in the construction sector, a nearly 80 per cent increase on last year, with most of the growth coming from projects in Sihanoukville, according to Minister of Land Management, Urban Planning and Construction Chea