Khmer News- Cambodian economy » banking

Culture of disrespect to citizen’s rights

vutha — Mon, 29 Jun 2009 02:42:35 +0000

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 [...]

Commercial banks’ ATM network expanded

vutha — Thu, 11 Jun 2009 07:53:05 +0000

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 [...]

Cambodia is a target for money laundering

vutha — Tue, 26 May 2009 02:16:50 +0000

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 [...]