Sunday, 6 December 2009

The Government Decided to Provide Ownership Rights in Co-Owned Buildings also to Foreigners – Saturday, 5.12.2009

http://cambodiamirror.wordpress.com/

Posted on 6 December 2009
The Mirror, Vol. 13, No. 641

(Posted by CAAI News Media)

“In the morning of 4 December 2009, the Royal Government of Cambodia approved a draft about the provision of ownership rights in co-owned buildings ['condominiums'] also to foreigners, based on a draft by the Ministry of Land Management and Urbanization in consultation with the Ministry of Justice.

“According to an announcement from the Council of Ministers, the above draft consists of 8 chapters and 24 articles, and it responds to the Royal Government’s policy to attract investors, as well as to facilitate the growth of the real estate market, and to boost development to reduce poverty.

“At the same time, the cabinet meeting approved also the draft, comprising of 6 chapters and 13 articles, for a royal decree about the creation of a national maritime security committee.

“The national maritime security committee is to be used as an instrument on the national level to regulate, manage, and strengthen maritime security. It will also be the focal point for the coordination and cooperation between other relevant authorities, to strengthen the effective management and integration of different services for the sake of our nation, and for the expansion of cooperation with foreign countries.

“The announcement went on to say that during the cabinet meeting, also the draft for a royal decree about the formation of a secretariat for the National Council for Children, and its operation, was approved.

“Based on 15 years experience, and considering the changed conditions in the country because of developments in all sectors, and also of other problems challenging children, the National Council for Children must make change to its assigned structure in order to uplift the quality of this social sector, and to prove that the Royal Government cares about the living conditions to ensure the four rights [?] of Cambodian children, as well as to protect them.

“During the meeting, an agreement about an ASEAN commerce for the preparation of an ASEAN free trade zones, and an ASEAN treaty about combating terrorism were approved to be sent to the legislative body for ratification.”

Deum Ampil, Vol.3, #354, 5.12.2009
Newspapers Appearing on the Newsstand:
Saturday, 5 December 2009

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