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Residents hold banners demanding tycoon Leng Channa of Brilliant City refund them on February 12, 2024, as they fall into debt with banks. (Supplied)

Investment Fraud And Online Scams Lead To Financial Losses For Cambodian Victims

It started off small for Noun Noeut, a 60-year old father from Battambang. He invested $5,000 in the land investment company Brilliant City World. But he said his nephew, an employee of the company, urged him to invest even more. With the company promising Noeut interest on his investment every month, he started collecting money from his children and taking out bank loans, ultimately handing over $55,000.
Government officials at the registration desk at the National Assembly on July 28, 2022. (CamboJA/Pring Samrang)

World Bank: Higher Government Salaries Haven’t Improved Country Outcomes

A new report from the World Bank found that an increase in Cambodia’s government spending, fueled in part by across-the-board salary increases, has not resulted in better outcomes in the country. The government could use public spending on social services more effectively to improve health and education outcomes, according to the report written at the request of the Ministry of Economy and Finance.