Original report from Phnom Penh
04 March 2010
Financial experts here say Cambodia’s political environment has prevented them from investigating the impact of a price floor on telecoms, one of the country’s most lucrative sectors.
By Sunday, all nine mobile phone companies had raised their per-minute rates to meet a standard cost mandated by the ministries of Finance and of Telecommunications, which they said was necessary to prevent a price war.
Costs for Cambodian consumers is now $0.05 to $0.06 per minute, a jump from some of the promotional offers of newer phone companies, some as low as nothing.
Analysts say the ministerial directive is contrary to the investment law and the policies of a free economy, but they are not willing to push further to learn how it might impact consumers and the market.
“If you speak against something, you will be considered as an attacker from an opposition party,” said Chan Sophal, head of the Cambodian Economic Association, an organization of 60 economists. “The bad environment makes these intellectuals not brave enough express themselves.”
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