Credit bureau makes doing business easier
A report released by the World Bank on Tuesday highlighted Cambodia as the most improved country in terms of businesses getting credit, due to the establishment of the country’s first credit bureau in March. Cambodia ranked 133 out of 185 in the World Bank’s report, up from 141 in the previous year. It was also one of the top 50 countries to narrow their distance from the top spot over the past eight years, according to the report. However, the report also noted the addition of a new tax on immovable property as a policy decision that has negatively impacted the ease of doing business in the Kingdom. … Kol Preap, executive director for Transparency International, said that in Cambodia paying bribes is considered standard practice when doing business. …
