CEOs: Cut the Business Slack

[geovalin]

Top executives from foreign firms have spoken out about the constraints of doing business in Cambodia, citing high electricity and infrastructure costs, unskilled local workers, limited transparency, a lack of local manufacturing suppliers and limited sources of raw materials as impediments to progress. Executives at the Seventh CEO Breakfast Talk, organized by the Ministry of Commerce and the World Bank, called on the Cambodian government yesterday to seek solutions to the problems.
 

Charles Esterhoy, chief operations officer at Kerry Worldbridge Logistics Ltd., said that the constraint for foreign investors, especially in the special economic zones (SEZs), included power and infrastructure costs. There was also a lack of a reliability of the value chain because there were not enough skilled local resources for foreign direct investments, or FDIs, to integrate or use.
 

Transparency was another of the investors’ concern over its effect on business. Mr. Esterhoy said the government should set the regulatory environment for new forms of power generation using technology known as SMART which maximizes efficiency. The SEZ should be a power generator, he said.

 

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