Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Cambodia>>Economy>>Cambodia’s economic freedom down slightly last year: report

NEWS UPDATES Asean Affairs   February 13, 2018  










Cambodia’s economic freedom down slightly last year: report

Cambodia’s economic freedom score dropped seven ranks in the annual Economic Freedom Index released by the Heritage Foundation, a US-based, conservative-leaning think tank.

The 0.8 point dip in the score from last year put Cambodia’s economy in the “Mostly Unfree” category, ranking 101 out of a total of 180 countries – down from the 94 spot in 2017.

The Kingdom’s 58.7 score put it squarely in the middle of the Asia-Pacific region, ranking behind Malaysia (22) and neighbouring Thailand (53), but ahead of Vietnam (141) and Laos (138).

Cambodia’s score was hurt by a drop in the already-low “property rights” category, as well as decreases in its “fiscal health” and “labour freedom” scores. In general, the country performed well on overall indications of economic health, but poorly on regulatory efficiency and rule of law categories.

The government did see a rise in its “judicial effectiveness” and “government integrity” scores over last year, but they still remained well below the global and regional averages.

“Pervasive corruption remains a serious obstacle to economic development and social stability” in Cambodia, the report notes in its country summary.

Mey Kalyan, a senior adviser to the government’s Supreme National Economic Council, said yesterday that the ranking was not bad for Cambodia, and that it was a reasonable reflection of the strengths and weaknesses of Cambodia’s economy.

“The issue on institutionalisation needs some time for development, as it needs both human resources and some policies,” he said, urging patience for further reforms to take place.

Using the example of education reform, Kaylan noted that while “building a school is easy to do . . . strengthening the institutional quality of schools needs a long time. So I think that whatever point that they said we are not good yet, we can reconsider and improve it.”

Preap Kol, executive director of anti-corruption NGO Transparency International Cambodia, said yesterday that the study’s findings showed that creating a truly independent judiciary was sorely needed in the country.

“Corruption is still a constraint for the judicial system, affecting the fair business playing field,” he said. “Though our country is an open economy, individual businesses are always backed up by a powerful person as a shareholder.”

To get a better ranking, Kol suggested the government establish a truly independent judiciary for businesses in the country.

“We need to improve the judicial system, and ensure fair business competition by creating a commercial court that is independent and transparent,” he said.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       February 13, 2018 
• Sale of cars in January up 28% year-on-year Subcribe: Asean Affairs Global Magazine
• Circulation to reach Rp 4t during IMF-WB annual meeting Subsribe Now !
• Fruit, vegetable exports up 37% in January
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cambodia’s economic freedom down slightly last year: report
• Pertamina, PGN to connect 78,367 households through city gas network in 2018
Asean Analysis                  February 8,  2018
• Asean Analysis February 8, 2018
QUESTIONS FOR TRIPALLY FROM WWW.ASEANAFFAIRS.COM
Advertise Your Brand

Asean Stock Watch   Febriaru 12,  2018

• Asean Stock Watch-February 12, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com