Tag Archives: capital

High Floods, Low Funds Keep Some Home for Holiday

With much of Cambodia taking three days off to celebrate Pchum Ben, when the country honors its ancestors and the ghosts who roam the spirit world, some unlucky residents were stuck in the capital. Severe flooding in the provinces and a continued high cost of living meant people living in the city’s margins were not able to return home for the annual festival. Continue reading

British Man Sentenced 7 Years for Pedophilia

A British software engineer on Thursday was sentenced to seven years in jail for allegedly purchasing sex from two underage girls in Phnom Penh. Matthew Harland, 38, was arrested in the capital in May last year and charged with for buying sex from an 11-year-old and a 12-year-old in 2006. Defense argued that the evidence against him was not enough for a conviction, but Noun Phanith, a lawyer for the two girls, said the sentence was just. Continue reading

Liquidity to stay tight: IMF

THE International Monetary Fund (IMF) on Friday said banking sector liquidity would remain tight for the rest of the year in a statement on the Cambodian economy following a routine visit to the Kingdom that ended Wednesday. The IMF blamed “slowing external inflows” for the reduction in free capital in the banking system despite recent … Continue reading