Transparency International Cambodia on Tuesday launched its first Business Integrity Country Agenda (BICA) report, aimed at reducing corruption and improving the overall business environment.
“The private sector is very important and in the past, there was one obstacle among others that was a challenge for Cambodia – the perception that there was corruption in all sectors prevented investors from developed countries doing business here,” Preap Koul, the executive director of TI, told reporters at the launch of the BICA report at the Himawari Hotel.
“So we have tried to settle that issue,” he said. “We want to promote equal competition in the private sector.”
According to the report, Cambodia was ranked 131 out of 190 countries in the World Bank’s Ease of Doing Business survey.
“The link between business and corruption could originate from the concept that gift giving is culturally appropriate in Cambodia,” it says.
In 2016, 25 percent of Cambodians viewed most or all business executives working in the country as corrupt, the report said.