Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), have secured multi-tranche financing facilities (the “Facilities”) aggregating US$176.0 million from the International Finance Corporation (“IFC”) and Japan International Cooperation Agency (“JICA”). 

The Facilities consist of two tranches – a 5-year term loan of US$120.0 million and a 7-year term loan of US$56.0 million. 

LAND VALUES in Metro Manila are seen to drop 5-15% by the fourth quarter as rents and selling prices decline due to the impact of the coronavirus disease 2019 (COVID-19) pandemic.

Property consultancy firm Colliers International Philippines said in an online briefing on Wednesday that central business districts will take a hit from the slump in real estate demand.

The International Human Rights Commission (IHRC) has said in Abuja that it has observed recurrent cases of land disputes arising from the lack of proper demarcation by the department of development control of the Federal Capital Territory Administration.

The country head of the IHRC in Nigeria, Ambassador Friday Sani at a press conference on Friday expressed concern that the body has also observed alleged violation of human rights by field officials of the department of development control of the FCTA.

Minister of Environment Say Sam Al has urged relevant stakeholders to take part in protecting and conserving natural resources in wildlife sanctuaries. This, he said, will facilitate carbon credit sales to raise money to support local communities.

Sam Al made his suggestion when he led experts and relevant local authorities on a visit to Mondulkiri province to examine the protection and conservation of the Keo Seima Wildlife Sanctuary on Tuesday and Wednesday.

April 30, 2020 (Ezega.com) -- The Addis Ababa City Government has demolished dozens of homes belonging to day laborers over the past three weeks, rendering at least 1,000 people homeless amid the COVID-19 pandemic, Amnesty International said on Wednesday.

Most of those whose homes have been destroyed recently lost their jobs due to the ongoing COVID-19 shutdowns told Amnesty International that they are now also having sleepless nights as authorities repeatedly confiscate tarpaulin or plastic sheeting they are using to shelter against heavy rains.

Cambodia will soon start cultivating sisal, an agave plant native to southern Mexico which produces a strong fibre, after China Great Cause (Cambodia) Investment Co Ltd received an economic land concession in Preah Vihear province to build a processing plant.

The company imported the sisal – also known by the botanical name Agave sisalana – and will start growing it on 180ha of its 1,200ha plantation in the province’s Rovieng district.

Opposition Senator Francis N. Pangilinan today suggested that the government fast-track the release of financial aid to quarantine-affected farmers by decentralizing disbursement from Land Bank of the Philippines (LBP).

The fifth report of Malacanang to Congress submitted last April 27 showed that the financial subsidy to rice farmers (FSRF) of the Department of Agriculture (DA) reached only 53,881 (or 9.11 percent) out of 591,246 targeted farmers, and P645 million of FSRF’s P3 billion has been utilized.

New report alleges mine caused environmental devastation and ongoing health problems for communities

Anglo-Australian mining giant Rio Tinto is accused of being responsible for “multiple human rights violations” after its Panguna mine on the island of Bougainville left people with a dangerous legacy of poisoned water, polluted fields and a ruined river valley, according to a damning report from the Human Rights Law Centre.

Channon Lumpoo, 27, was shot as he conducted exploration activities for a new gold mine in the region

A Thai geologist working at a new gold mine in Bougainville has been shot dead in the second killing at a mining project in the autonomous region of Papua New Guinea in recent months.

Is the government of Papua New Guinea turning a blind eye while the country's forests are destroyed?

Environmental groups say Papua New Guinea's government is sitting back while the country's rainforests are being destroyed.

The Pacific nation has just overtaken Malaysia to become the world's biggest exporter of tropical hardwood.