Prime Minister Hun Sen has ordered the Council for Development of Cambodia (CDC) to revoke licenses and seize land of private companies if found to be encroaching upon people’s land, media reported April 24. Addressing private companies’ requests at the 13th Government-Private Sector Forum yesterday, he warned that private firms’ business license will be annulled [...]
Prime Minister Hun Sen has publicly announced that the economic goal of the Cambodian government is to seek all possible ways to change Cambodia from an agriculture-dependent country into a “services” nation. “Take a look at the markets where Cambodians have started their services and businesses. A developed country is a country which has strong [...]
Cambodia has this year again scored poorly in the World Economic Forum’s (WEF) business competitiveness survey, with the group citing corruption, poor infrastructure and the weak implementation of laws as the main reasons the nation is being outdone by its neighbors, newspapers reported early November. Out of 131 countries ranked in the 2007 Global Competitiveness [...]
The multi-Fiber Arrangement governed world trade in apparel and textiles for 30 years till it expired at the end of 2004. Its quota system inflated the number of countries manufacturing garments for export by restricting the output of the most competitive countries, and importers sourced from one country or another primarily because of quota availability. [...]