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Subject :  Cambodia, Mitsui sign oil, gas project
Comment :  PHNOM PENH, Cambodia, May 16 (UPI) -- The Cambodian National Petroleum Authority and Japanese firm Mitsui & Co., Ltd. have signed an oil and gas joint venture project.

The deal, reported by the official Agence Kampuchea Presse last Friday, establishes a joint venture on oil- and gas-related projects. The venture, with investment of $200,000 will provide such services as preparation of business plans and feasibility studies.

Cambodia plans to start oil exploitation in 2009.

The deal was signed by Cambodian Deputy Prime Minister H.E Sok An. Japanese Ambassador Takahashi Fumiaki was present at the ceremony.

Source: Posted by: Cambodian   On: 2006-05-16   From: cambodia  

Reply :    Cambodia, Mitsui sign oil, gas project

Subject :  Ancient ceremony predicts bumper harvest for Cambodia
Comment :  PHNOM PENH : Cambodia's royal cows Tuesday devoured rice, corn and beans during an ancient ceremony to mark the start of the planting season, signaling a bumper harvest for Cambodian farmers

Thousands gathered in a park near Phnom Penh's Royal Palace to watch the annual ploughing ceremony as royal astrologers fed the cows seven dishes -- rice, corn, beans, sesame, grass, water and wine -- laid out on trays.

"The royal cows ate 95 percent of the rice, meaning the rice harvest this year will be good," chief astrologer Kang Ken told onlookers, adding that they had also eaten most of the beans and corn.

"I wish all holy spirits in the world ... to make the rain fall ... to make Cambodia happy and prosperous and to avoid the natural misfortunes that threaten agricultural production and the lives of farmers and the country," he said.

Cambodia frequently suffers from drought and flooding, often in the same year, threatening the livelihoods of millions in the impoverished agricultural country.

At this year's ceremony the beasts refused to drink any water, leading some farmers to worry the nation could suffer a year of drought.

"The royal cows did not drink the water, so I am worried that there will be a lack of rainfall," 60-year-old farmer Ti Yeang said, although royal soothsayers said this only indicated there would be no flooding.

But the cows also avoided a dish of rice wine, indicating a peaceful year for Cambodia.

While still taken seriously by many rural Cambodians, the ploughing ceremony predictions have been called into question in recent years.

Prime Minister Hun Sen rebuked royal astrologers for failing to predict the deadly floods in 2001 that claimed 56 lives. He did not attend Tuesday's ceremony. - AFP /dt


Posted by: Cambodian   On: 2006-05-16   From: cambodia  
Reply :    Ancient ceremony predicts bumper harvest for Cambodia

Subject :  MPDF, Oxfam launch study on bamboo
Comment :  Ha Noi (VNA) -- The Mekong Private Sector Development Facility (MPDF) and Oxfam - Hong Kong have launched a study in Laos, Viet Nam and Cambodia to gather information needed for the development of bamboo supply chains on a regional level.

The study is intended to build on lessons learned from MPDF's pilot project in the central province of Thanh Hoa seeking to scale up activities in the bamboo sector.

The Viet Nam element of the bamboo study, to be completed in June, will focus on the two central mountainous provinces of Thanh Hoa and Nghe An.-Enditem

Posted by: 4U   On: 2006-04-26   From: cambodia  
Reply :    MPDF, Oxfam launch study on bamboo

Replied by: Geat new   On: 2006-05-11   From: cambodia   
  Great news!!! thanks for posting this information

Subject :  Soybean price increases as more Cambodian farmers shift....
Comment : 

Soybean price increases as more Cambodian farmers shift to Tapioca

The soybean price will increase significantly during this year's harvest, local media reported on Monday.

Vietnam, a key market for Cambodian and Chinese soybeans, is dire need of soybeans as soybeans in Cambodia, China and Vietnam have been destroyed by natural disasters, Business Press quoted the Commerce Ministry as reporting.

According to some private sectors' forecast, the price of soybeans could climb as high as 300 U.S. dollars per metric ton during the 2006 to 2007 harvest and the price has already increased from 270 dollars per metric ton to 290 dollars over the Khmer New Year period.

Cambodia exports an average 40,000 metric tons, about 90 percent of its soybeans a year to Vietnamese markets, where people use them to make bean curd and other products. About 10 percent are sold on the local market, especially to produce soy sauce, bean curd and food for animals.

Despite the high price that the soybean is fetching on international markets, some farmers are turning to grow tapioca instead, and the amount of soybean available for the Vietnamese market will not be sufficient if most Cambodian farmers turn to tapioca.

During the past few years, more and more Cambodian farmers have turned to tapioca because tapioca-processing factories have been built in economic zones in Kompong Cham and Sihanoukville.


Posted by: BusinessTime   On: 2006-04-24   From: cambodia  
Reply :    Soybean price increases as more Cambodian farmers shift....

Subject :  eB Capital unit in Cambodian venture
Comment :  eB Capital unit in Cambodian venture

eB Capital Bhd’s unit eB Technologies (M) Sdn Bhd has teamed up with Cambodian Broadband Technologies Co Ltd (CB) to jointly set up a broadband services network in Cambodia.

It said on April 21 that eB Technologies would provide CB with all technical know-how and expertise required for the setting up of the broadband services network, with a contract sum of RM15 million. CB was granted an Internet service provider licence by the Cambodian government.

eB Capital said Cambodia would enable the group enter other markets in Indochina, a region it said had potential growth for information technology usage and development.

The JV, which was for two years, was expected to enhance its earnings for the next two financial years.

“This is also in line with our government’s call for local entrepreneurs to export local expertise and experience abroad,” it said.

Source from:

Posted by: IT Person   On: 2006-04-21   From: cambodia  
Reply :    eB Capital unit in Cambodian venture

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