Culture of disrespect to citizen’s rights
In the current society, if someone gets rich and powerful, they will rarely respect the laws made by the government, and the morality of respecting each other declines amongst the rich or powerful and the poor. The poor’s basic rights have been stepped on by the rich and powerful.
On Saturday evening, when I went to [...]
Commercial banks’ ATM network expanded
The global financial crisis did not affect strongly the local commercial banks in Cambodia because most of banks don’t depend on foreign source of finance, and loans from other foreign banks and also don’t buy stocks in the international market. At the mean time, Cambodia has not yet created stock exchange. As Cambodia’s banking sector [...]
Cambodia is a target for money laundering
Money laundering happens in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. In practice, criminals are trying to disguise the origin of money obtained through illegal activities so it looks like it was obtained from legal sources. The most money [...]