Heng Samrin'S OATH OF ALLEGIANCE TO HO CHI MINH ,VIETNAM : ""Our people would
like to pay respect and express profound gratitude to Chairman Ho Chi Minh,
founder of the ICP, who had left a brilliant example of the precious patrotic
spirit and clear-sighted international solidarity-an invincible force no power
can destroy-to the next generations."
Cambodia OKs foreign property ownership
Agence France-Presse
First Posted 17:42:00 04/05/2010
Filed Under: Economy and Business and Finance, Investments, Infrastructure
PHNOM PENH—Cambodia's parliament on Monday approved a law allowing foreign
ownership of property such as apartments and office buildings, in a measure
intended to increase economic growth.
The draft law, which will permit foreigners to buy leaseholds on buildings and
apartments, but not own the land beneath them, was passed when 85 of 96 members
of parliament who attended the Monday meeting voted in favor.
Land management minister Im Chhun Lim told the national assembly the law would
boost the kingdom's real estate market and bring in more foreign investment.
The law will take effect after approval from Cambodia's Senate and promulgation
from King Norodom Sihamoni, which are both considered formalities.
Under old rules, foreign property investment could only be made through the
name of a Cambodian national and many were unwilling to risk losing their
assets to potentially unscrupulous local partners.
The cash-strapped country's investment law was amended in 2005 to allow foreign
ownership of buildings but the legislation was never implemented and the
initiative foundered.
Despite the restrictions, billion-dollar skyscraper projects and sprawling
satellite cities promising to radically alter Phnom Penh have bloomed over the
past few years.
But many projects have been halted or slowed down as Cambodia was buffeted by
the world financial crisis after several years of double-digit growth, fuelled
mainly by tourism and garment exports.
Long Beach turns out for Cambodian New Year parade
Members of the Cambodian Culture & Art Preservation Association step out behind
a flag bearer during the sixth annual Cambodian New Year parade on Anaheim
Street in Long Beach on Sunday. (Stephen Carr, Staff Photographer)
... in the Kingdom of Cambodia
By Khmerization
Paradegoers enjoy sights and sounds of the annual Cambodian New Year event as
cultural, social and arts groups pass down the route. (Stephen Carr, Staff
Photographer)
Rickshaws were part of the sixth annual Cambodian New Year parade, that took
place on Anaheim Street between Junipero Ave and MacArthur Park. in Long Beach.
(Stephen Carr, Staff Photographer)
A new year for Cambodian Americans
Wearing the traditional costume of a Cambodian apsara dancer, Natalie Buor, 21,
who lives in Long Beach, waits for the start of the city's sixth Cambodian New
Year parade. (Jay L. Clendenin / Los Angeles Times / April 4, 2010)
INJUSTICE UNDER :Deputy Governor of Phnom Penh accused of using public forum to
attack opposition party
Mann Chhoeun making an angry gesture during one of his many outbursts at a
Phnom Penh City Hall meeting (Photo by Jonh Vink).
_________________________________________________________________
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