Businesspeople Inside and Outside of the Country Gather Force to Promote the Real Estate Market in Cambodia – Wednesday, 11.2.2009

Posted on 12 February 2009. Filed under: Week 599 | Tags: , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 13, No. 599

“Phnom Penh: This week, real estate businesspeople from inside and outside of the country gathered to create a new association to promote and improve the declining real estate market in Cambodia. The Association of Cambodian Real Estate Developers aims to help restore the fast declining real estate market in Cambodian to grow up again.

“Real estates companies expressed their hope that the real estate market will become active again soon. Representatives of real estates companies had assembled to join forces and to make efforts to restore their situation, lively selling real estate in Cambodia again. Mr. Van So Ieng, who was selected to be the president of the Association of the Cambodian Real Estate Developers, said that this new association plays a role to help coordinate work with the government, in order to find ways to reactivate the land and the house markets in Cambodia.

“Mr. Van So Ieng added that the creation of this association is to establish another new force to encourage activities regarding real estate, to get moving ahead.

“It should be noted that the Association of the Cambodian Real Estate Developers was created, after the real estate market of Cambodia had collapsed, and while the government established a new policy, requiring real estate companies to deposit 2% of to the volume of each construction project as a security deposit.

“The director of the Bunna Realty Group, Mr. Sung Bunna, who was nominated secretary-general of the Association of the Cambodian Real Estate Developers, disagrees with the policy requiring to make a 2% security deposit per construction site. However, he agrees with the establishment of a mechanism to monitor all real estate companies, which is being drafted by the Ministry of Economy and Finance.

“It should be stressed that the policy to reserve a 2% security deposit for ongoing construction activities is to ensure confidence from companies contracting a construction company, so that the customers continue to commit their money to acquire flats.

“Mr. Sung Bunna requested the government to consider the disadvantages of this security depositing policy in a situation when Cambodia’s real estate market is going down like this.

“As for the director of the Udom Vathanak Company that buys and sells land, Mr. Men Ra, he presented the opinion that the 2% security deposit creates a disadvantage that can affect the newly growing real estate market in Cambodia.

“Ahead of the elections in 2008, activities on the real estate market in Cambodia started to slow down, and so far, the land and the house construction markets are still quiet, which is partly also the result of the international financial crisis.

“Mr. Men Ra said that the land market in Cambodia, with cooperating efforts by the government, will become activated again soon.

“Mr. Van So Ieng expressed his hope that the land market will grow again after the real estate companies in Cambodia assembled to form the new Association, especially if there is cooperation from the government.

“Also, Mr. Van So Ieng mentioned that solutions might also be found from the policy of providing loans to citizens to buy houses – this can help to reactivate the real estate market in Cambodia.

“It should be noted that the Cambodian government announced that government institutions are beginning to release loans in an effort to encourage the buying of land and of flats again.

“This announcement by the government was welcomed by different real estate companies in Cambodia.

“Mr. Men Ra called for supporting activities by the National Bank of Cambodia in order to restore the present weak situation of the land market.

“So far, real estate businesspeople still hope that sooner or later, there will be land selling activities again.” Khmer Sthapana, Vol.2, #200, 11.2.2009

Newspapers Appearing on the Newsstand:
Wednesday, 11 February 2009

Cheat Khmer, Vol.1, #15, 11.2.2009

  • Civil Society [the Cambodian Center for Human Rights and the Cambodian Independent Teachers’ Association]: Global Witness’s Website Is Closed Because It Touches Sensitive Spots of Corrupt Officials of the Cambodian People’s Party

Khmer Aphivaot Sethakech, Vol. 7, #339, 11.2.2009

  • The Government and the National Assembly Plan to Question the Person Who Ordered Armed Forces to the Mobitel Company [closing it for about 4 hours]
  • More Than 2,000 Olympic Market Vendors Protest in Front of the Residence of Samdech Dekchor Hun Sen [over the rising prices of market stalls]

Kampuchea Thmey, Vol.8, #1870, 11.2.2009

  • Director General of National Police [Net Savoeun] Orders to Cancel Illegal Police Number Plates, starting in May 2009
  • [The Russey Keo district governor] Kleang Huot Is Accused of Threatening a Man with a Weapon and Hitting and Injuring Him [Phnom Penh]
  • Getting Angry with the Run Away Owner, Some Workers Used the Opportunity to Take All Sewing-Machines of the Factory Away [Wan Sida / Siao Pao Factory – Phnom Penh]
  • Two Thai Men, Who Drove a Car and Crashed into a Truck Loaded with Wood from Behind, Died Immediately on Road 67 B in Srae Nouy Commune [Siem Reap]

Khmer Machas Srok, Vol.3, #341, 11.2.2009

  • Opposition Party [the Sam Rainsy Party] and Civil Society [the Cambodian Independent Teachers’ Association] Criticize the Creation of a National Education Council [saying that it is useless because its tasks are already the responsibility of the Ministry of Education]

Khmer Sthapana, Vol.2, #200, 11.2.2009

  • Businesspeople Inside and Outside of the Country Gather Force to Promote the Real Estate Market in Cambodia
  • National Education Council Is Created to Monitor the Quality of Education of State and Private Universities
  • The Norodom Ranariddh Party Will Hold a Congress to Change Its Name on 15 February 2009 [as planned by one of its factions]

Koh Santepheap, Vol.42, #6575, 11.2.2009

  • There Is Logging, but There Is No Replanting; In the Middle of Botum Sakor National Park’s Buffer Zone, Trees Are Being Cut Down [Koh Kong]
  • More Than 13,000 Tourists Visited the National Museum in 2008
  • Poland Feels Hurt after Pakistani Taliban Beheaded a [Polish] Hostage

Mate Nak, Vol.2, #20, 11-17.2.2009

  • Cambodia Will Launch a Stock Exchange Market This Year

Moneaksekar Khmer, Vol.16, #3684, 11.2.2009

  • Mr. Sam Rainsy Is Disappointed with the Hun Sen Government That Delivers More Than 10,000 Hectares of Land to a Company from Kuwait [to establish an agro-business]

Rasmei Kampuchea, Vol.17, #4818, 11.2.2009

  • The Cambodian Association of Travel Agents Wants the Government to Reduce Prices of Some Services [such as visa fees, airport taxes, tickets to visit different tourist sites] to attract tourists while the financial crisis is strongly threatening tourism from countries in the region]
  • The Khmer Rouge Tribunal Forbids that People in the Audience [allowed to participate in the hearing of former Tuol Sleng Prison chief Kaing Gek Eav on 17 February 2009] Wear Shirts with Slogans Supporting or Attacking the Khmer Rouge Case
  • The Cambodian Center for Human Rights Encourages the Government to Support Freedom of Expression
  • The Owner of the Viva Tinouy Factory [phonetic] Runs Away from [around 1,000] Workers with US$200,000!
  • Health Official: The Quality of Cancer Treatment in Cambodia Is Not Lower Than in Other Countries
  • Japan Grants Nearly US$3 Million to Two Projects [irrigation in Kompong Speu and infectious disease control]

Have a look at the last editorial – you can access it directly from the main page of the Mirror.

And please recommend us also to your colleagues and friends.

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Monday, 21.7.2008: The Great Heroic King Samdech Euv Issued a Letter to Respond to Critics about the Sangkum Reastr Niyum Regime

Posted on 22 July 2008. Filed under: week 570 | Tags: , , , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 12, No. 570

“Phnom Penh: A Royal Letter of the Great Heroic King dated 19 July 2008, which was published [on his Internet website] for all compatriots who are his children, grandchildren, and great-grandchildren, is his response to a not named political dignitary who accused the Sangkum Reastr Niyum [often translated as “People’s Socialist Community” or “Popular Socialist Community”] to have eliminated all political parties, so that there remained only one party: the Sangkum Reastr Niyum Party. Without making any comment, this Royal Letter is made know also here:

Royal Letter
Norodom Sihanouk
of Cambodia
to his most Beloved Compatriots, Brothers and Sisters, Children, Grandchildren, and Great-Grandchildren

Phnom Penh, 19 July 2008

Yesterday night, a political dignitary said that the Sangkum Reastr Niyum regime eliminated all political parties and made Cambodia to have only one Party – the Sangkum Reastr Niyum Party – which started from 1954 to 1969.

Responding to this very unjust accusation, I would like to correct it and to tell the truths to our compatriots and to history as follow:

1.The Sangkum Reastr Niyum regime started in 1955, not in 1954.

2.The Sangkum Reastr Niyum regime did not eliminate other parties. In 1955, there was a national election to elect a parliament, monitored by the International Control Commission (officially called the International Commission for Supervision and Control [to supervise the cease-fire at the end of the French-Vietnamese military confrontation in Vietnam at the end of French colonial rule in Indochina, the withdrawal of foreign troops, the release of prisoners of war, and the overall compliance with the terms of the agreement]) in which there was India as president, and Poland as a representative of the communist block, and Canada as a representative of the democratic block as members.

“The triumph of the Sangkum Reastr Niyum Party was a sign of multiparty democracy, and the elections were 100% fair, as monitored by internationals.

“The results of the national election were announced by International Control Commission as follows:

  • The Sangkum Reastr Niyum Party won 82% of the citizens’ ballots
  • The Democratic Party got 13%
  • The Khmer Vietminh People’s Party got 3%

“Mr. Sim Va, who opposed Sihanouk 500%, was not happy with the 100% Sihanoukist Assembly. He got the permission from Preah Karuna Preah Bat Norodom Suramarit [Sihanouk’s father] (who reigned as King after me) to dissolve the Assembly which supported Sihanouk very much. I resigned from the throne in 1955 and created the Sangkum Reastr Niyum Party, in response to requests of citizens who were Sihanoukists, in order to participate in the national election to choose a parliament, monitored by internationals.

“In 1958, there was another national election to elect a parliament. The result was as follows:

“The Sangkum Reastr Niyum continued to gain more successes than before. As for the Democratic Party that did to want to be shamed, it did not dare to compete with the Sangkum Reastr Niyum Party. The Khmer Vietminh People’s Party dared to join the competition, but it received only 1% of the ballots from the compatriots.

3.Samdech Krom Preah Sisowath Monireth, my uncle, told Lon Nol and Prince [Sisowath] Sirik Matak of their National Renovation Party and the Democratic Party that the fortress of the Sangkum Reastr Niyum was very strong; anyone who wanted to destroy the fortress of the Sangkum Reastr Niyum by an attack from outside would not be successful. Unless enemies could get inside of the Sangkum Reastr Niyum, the fortress of the Sangkum Reastr Niyum Party could be ruined.

“That was why Lon Nol, Prince [Sisowath] Sirik Matak and others joined the Sangkum Reastr Niyum Party in order to ruin it, by making a coup d’état on 18 March 1970 when I was not in the country.

“Hence, the accusation which says that Norodom Sihanouk made the Sangkum Reastr Niyum Party the only party is very unfair. But it was Lon Nol and Prince [Sisowath] Sirik Matak and others who had merged their parties into the fortress of the Sangkum Reastr Niyum in order to destroy it from inside when I was not in the country.

4.As for Prince Sisowath Yuthewong [the founder of the Democratic Party], I took as good care of him as I could. He wanted to stay at a royal palace belonging to the King in Kep, and in Tonle Bati; I, on behalf of the King of Cambodia, gave him and his wife, a French national, everything he wanted. My uncle, Samdech Sisowath Monireth told my mother that Sisowath Yuthewong and his wife acted like King and Queen, that was not like democrats!

“I pray in the name of the three virtues of the Buddhist trinity [the Buddha, his Teaching, and his disciples], to the angels who protect Cambodia, such as the angels who hold the huge white protective parasol, and to the spirits of all former Kings and Queens of the Kingdom of Cambodia, to take care of our most beloved compatriots, brothers and sisters, children, grandchildren, and great-grandchildren, for the five Buddhist goods: Ayu [long life], Vannak [good complexion – having a good life], Sokhak [health], Poleak [strength], and Padepheaneak [wisdom] forever.

Thank you very much.

(signed) N. Sihanouk

Koh Santepheap, Vol.41, #6402, 21.7.2008

Newspapers Appearing on the Newsstand:
Monday, 21 July 2008


Chouy Khmer, Vol.2, #136, 20.7.2008

  • A Group of Attachés from the Embassies of the United States, of China, of Yuon [Vietnam], and of France Went to See Siem [Thai] Soldiers Who Steal Khmer Land Directly


Note: Please review the documentation presented yesterday – Sunday.

Kampuchea Thmey, Vol.7, #1698, 20-21.7.2008

  • According to a Decision [of the government], Riel 20,000 [approx. US%5] Is Added to the Salary of Civil Servants, Police, and Soldiers Countrywide [starting from July 2008]


Khmer Machas Srok, Vol.2, #, 20-22.7.2008

  • Hun To, a nephew of [Prime Minister] Hun Sen, Ordered [three] Bodyguards to Hit a Sam Rainsy Party Parliamentarian [Mr. Nuon Vuthy from Kompong Cham, regarding a minor problem of how to drive cars from a ferry in Prek Kdam, Kandal]


Khmer Sthapana, Vol.1, #54, 29-21.7.2008

  • Thailand Uses Unilateral Map to Send Soldiers to Invade Cambodia [in response to a letter from Prime Minister Hun Sen of 17 July 2008, Thai Prime Minister Samak Sundaravej said on 18 July 2008 that the area which Thai soldiers are going to control is Thai territory]
  • Two Economic Police Extorted Riel 4,000,000 [approx. US$980] from Wood Merchants [who were loading illegal wood – Kampot]


Koh Santepheap, Vol.41, #6402, 21.7.2008

  • Cambodia Reported the Invasion of Thailand to the United Nations [Minister of Information Khieu Kanharith said the diplomatic representative of Cambodian in New York sent a letter to the UN]
  • Two 100 Millimeter Cannons Are Set up by Thailand in Front of Preah Vihear Temple
  • At the Western Borders, Thailand Promises to Send Khmer Laborers Home to Vote, and to Asks Khmer Soldiers Not to Get Involved [in the dispute] in the Preah Vihear Area
  • The Great Heroic King Samdech Euv Issued a Letter to Respond to Critics about the Sangkum Reastr Niyum Regime


Moneaksekar Khmer, Vol.15, #3517, 21.7.2008

  • Sam Rainsy Party Announced [on 20 July 2008] to Give Cash Rewards to Informers Who Point to Evidence of Bad Ploys Which Affect the Election Results on 27 July 2008 [US$1,000 will be given for officials of Provincial Election Committees, and US$10,000 for officials of the National Election Committee]
  • A Government That Is Weak Makes Neighboring Countries Look Down On It


Rasmei Kampuchea, Vol.16, #4646, 20-21.7.2008

  • Thirty Five Organizations [members of a national council for justice] Held a Course to Train Election Observers [19 July 2008]
  • Some Areas in Five Cambodian Provinces [Svay Rieng, Prey Veng, Takeo, Kampot, and Kompong Speu] Are Affected by the [Rice Pest] Brown Plant Hopper
  • Indonesia Will Sentence Men Who Lay Bombs with No Mercy to Death [reference to 2002 Bali bombing]

Samleng Yuvachun Khmer, Vol.15, #3364, 20-21.7.2008

  • A Research Organization in the United States [Cholana Khmer Machas Srok, ‘Movement of the Masters of the Khmer Country’] Said that Nearly Two Million Yuon [Vietnamese] Wait to Vote for the Cambodian People’s Party of Hun Sen

Click here – and have a look at the last editorial – The Cambodian-Thai border crisis develops while the Khmer public is not aware what the Cambodian government representatives had agreed upon, to get the Preah Vihear Temple listed as a World Heritage Site, on a most narrowly defined piece of land.

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