PHNOM PENH, Cambodia – Businesses in Cambodia paid some $330 million in bribes for government favors last year, according to a report compiled by an independent economic research group.
The amount equaled about 2.8 percent of the businesses’ total annual turnover and also represented a huge loss in state revenue, said the report by the Economic Institute of Cambodia. The summary of the report, officially to be released July 18, was obtained by The Associated Press on Thursday. Read more…
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