Yesterday, the Prime Minister of Cambodia has informed Mr. Tan Sri Lim Kok Thay, the CEO of Malaysian company “Genting Group”, that economic land concessions under control of private companies will be returned back to the state if those companies do not implement or follow the Master Plan of development.
Soaring Chinese demand for natural resources is wreaking environmental havoc throughout Southeast Asia. Driven by its internal needs to provide breakneck rates of job creation and economic growth, China’s developmental model has repeatedly abused the fickle regulatory environment of its neighbors to drive its thirst for commodities. It has made it clear that, whoever can provide, it will buy. At the behest of Chinese companies, countries such as Vietnam and Malaysia have rolled out the red carpet, with little regard for their fragile ecosystems.
The Thai government hopes to ease its public debt burden by luring the private sector to invest more in multibillion-baht infrastructure projects, especially in telecommunications and transport, through public-private partnerships (PPPs).
Viet Nam’s Mekong Delta, which is home to 18 million people, has suffered adverse consequences due to poor water resource management, a researcher at a Can Tho University think tank has said.
The Bangkok Post looks at the northeastern province of Mukdahan, which borders Laos, in the third of a six-part series on special economic zones.
Industrial zones (IZs) in the Cuu Long (Mekong) Delta city of Can Tho have 220 projects in operation, with total registered investment capital of some US$1.96 billion.
Over-exploitation of rivers has caused a great deal of damage. Dr. Dao Trong Tu, director of the Centre for Sustainable Water Resources and Climate Change, tells Ha Noi Moi (New Ha Noi) newspaper, in a Q&A.
Tak residents have refused to relocate after authorities declared state land in the province’s special economic zone (SEZ) must be taken back from encroachers to pave the way for new city planning projects.
It’s unprecedented: the largest industrial estate and deep sea port complex conceived in Southeast Asia. It’s controversial: trampling pristine shorelines; felling valuable forests and orchards; paving highways through remote mountain passes and uprooting ethnic minorities all along the way.
The Prime Minister has decided to establish a Steering Committee for Vietnam’s industrialisation strategy as part of a cooperation agreement with Japan by 2020, with a vision to 2030.