Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber to be privatised

Rubber to be privatised

Rubber to be privatised

T he government intends to lease some 12,000 hectares of rubber plantations to foreign companies, according to Second Prime Minister Hun Sen.

He said the government did not intend to keep a monopoly on rubber plantations - and in other sectors - because Cambodia needed competition and investment in its industries.

The government was considering bids from some 20 foreign companies to rent the rubber plantation land, some of which was currently leased to Cambodian firms.

Contracts could be granted for foreign firms to plant new rubber plantations, or to take over or extend existing ones. The government did not intend to sell land, but to issue contracts for firms to manage it.

Investors whose plans were labor-intensive should be given priority, he suggested.

Cambodia produced some 29,000 tons of rubber this year.

MOST VIEWED

  • Cambodia’s image problem

    In opening remarks at a recent event, Secretary of State at the Ministry of Foreign Affairs and International Cooperation Luy David said information can be a double-edged sword. He told a European Institute of Asian Studies (EIAS) briefing seminar that the media has unfairly presented

  • PM Hun Sen says dangers averted

    Delivering a campaign speech from his home via Facebook Live on Thursday, caretaker Prime Minister Hun Sen said his Cambodian People’s Party (CPP) had carried the country through danger in its latest mandate. He was specifically referring to the threat of a “colour revolution”

  • Kingdom's trade deal with EU questioned before poll

    A European Union (EU) mission met with senior government officials at the Ministry of Interior on Tuesday as the 28-member bloc monitors an agreement under which Cambodian goods reach the crucial European market tariff-free. Some 10 commissioners are in the Kingdom as part of a seven-day

  • A new carrier takes off in capital

    Cambodia Airways, the latest passenger airline to enter the Kingdom, launched its first domestic flight on Tuesday. Flight KR801, carrying 145 passengers, left the Phnom Penh International Airport at 9:50am and landed in Siem Reap at 10:35am in an Airbus A319. Cambodia Airways marketing and branding