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Developers in Cambodia now have to apply for licences

THE Ministry of Finance summoned all of the Cambodia's 55 or more property developers to a meeting Tuesday after only some of them applied for new requirement.

“We told property developers to apply for a new real estate development licence from February 1, 2010, but so far we have received only about 10,” said Norng Piseth, head of the Ministry of Finance’s Real Estate Department. “This is a very small amount of real estate developers to come and apply for a new licence. We don’t know why.”

The ministry will discuss the new regulation at Tuesday’s meeting and warn developers they have until April 30 to apply, Norng Piseth said. Those who miss the deadline will be shuttered or penalised, he added.

Prakas No1222, which regulates property developers, was issued in December 2009 in an effort to better manage inspection and licencing in the sector following the flight of developers from the country as the global economic crisis hit at the end of 2008.

Read more: Developers in Cambodia

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SAFETY AND SECURITY: The American State Department is concerned that individuals and groups may be planning terrorist actions against U.S. citizens and interests, as well as sites frequented by Westerners in Southeast Asia, including in Cambodia.

Terrorist groups present in Southeast Asia have transnational capabilities to carry out attacks against locations where tourist congregate. Westerners citizens going to Cambodia should therefore exercise caution in clubs, discos, bars, restaurants, hotels, places of worship, schools, outdoor recreation venues, tourist areas, beach resorts, and other places frequented by foreigners.

Read more: Beware ALERT!

The second issue of the newspaper's unique "Cambodia". This is the first Russian-language media outlet dedicated to the Kingdom of Cambodia. Among the most interesting material of the second issue "of the Cambodia daily" - excerpts from the diary of Angelina Jolie on her visit to Cambodia a decade ago with the charitable mission of the UN, photos of one of the most beautiful and interesting temples of Angkor - Ta Prohm, a unique story about the famous to the whole world's pepper the province of Kampot, a short Cambodian Dictionary, article about children in Cambodia and why do not give them alms.

Also in the second room you'll find our traditional headings: exclusive recipes Cambodia and Khmer cuisine. Now Cambodia - one of the most dynamically developing countries in the world. Active participation in the formation of the "New Cambodia" take our countrymen. More and more companies from Russia and CIS countries comes into the country. The most famous example - the mobile operator Beeline. Company Koh Puos with Russia's capital is building a huge resort on an island. There is a growing and a small Russian businesses - restaurants, tour agencies, nightclubs, hotels. A number of projects implemented in the real estate.

Interest in Cambodia, among the Russians Is growing by leaps and bounds. However, the actual information in Russian about the country so far been very little. Now this gap is trying to fill the first Russian-language media about Cambodia - newspaper "Cambodia". Our newspaper published monthly circulation of 10000 copies. Spreading it in Phnom Penh, Siemripe (Angkor), Sihanoukville, and in Thailand (Pattaya). Come to Cambodia - read "Cambodia"!