BVB (''Bopha Vibol'') is a private company conglomerate based in
Phnom Penh
Phnom Penh is the Capital city, capital and List of cities and towns in Cambodia, most populous city of Cambodia. It has been the national capital since 1865 and has grown to become the nation's primate city and its political, economic, industr ...
, Cambodia.
BVB Investment Ltd
On 2 May, the
Ratanakiri provincial governor granted a , 90-year lease to BVB Investment to develop a tourist attraction site on Youl Mountain in
Yeak Laom commune,
Banlung District, including parts of the indigenous Phnom, Sill, and Lapo villages. According to a United States
Department of State
The United States Department of State (DOS), or simply the State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs ...
Human Rights Practices report, NGOs reported that much of the leased area may be eligible for registration as indigenous community land under the 2001 law. The affected indigenous communities were not involved in lease negotiations.
Viriya BVB Insurance Plc
On Monday 6 April 2009, the
Royal Government of Cambodia
The politics of Cambodia are defined within the framework of a constitutional monarchy, in which the king serves as the head of state, and the prime minister is the head of government. In practice, Cambodia is an authoritarian state, as power i ...
sold 75% of its shares in the formerly state owned
CAMINCO insurance company for US$5.7 million. The
Royal Government however, retains a 25% share in the company. The existence of the deal was not widely known. Cheam Yeap, the head of the
National Assembly's banking and finance committee and a
Cambodian People's Party
The Cambodian People's Party (CPP; , UNGEGN: ) is a Cambodian political party which has ruled the country since 1979. Founded in 1951, it was originally known as the Kampuchean People's Revolutionary Party (KPRP).
During the Cold War it allied ...
MP, told the
Phnom Penh Post
''The Phnom Penh Post'' (, ) is a daily English-language newspaper published in Phnom Penh, Cambodia. Founded in 1992 by publisher Michael Hayes and Kathleen O'Keefe, it is Cambodia's oldest English-language newspaper and prior to the transferr ...
that he knew nothing about it.
BVB Machinery Trading Co Ltd
The BVB Machinery Trading Company is a machinery warehouse based on the National Road No 6A.
BVB Machinery Trading Co
Yellow Pages. Accessed 2010-01-05
See also
* Cambodian National Insurance Company
References
External links
2008 Human Rights Report: CambodiaCaminco
Companies based in Phnom Penh
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