Chum reab sour Lok Pou, rik reay nas.. Sourn Serey Ratha
From: [email protected] To: [email protected] Subject: PART 3: Cambodia OKs foreign property ownership Date: Mon, 5 Apr 2010 05:43:01 -0700 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). The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. Get busy. -- You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/camdisc Learn more - http://www.cambodia.org _________________________________________________________________ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. http://www.windowslive.com/campaign/thenewbusy?tile=multicalendar&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_5 -- You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/camdisc Learn more - http://www.cambodia.org To unsubscribe, reply using "remove me" as the subject.
