TOKYO -- Cambodia seeks to lower electricity fees for companies in the country to set off an increase of labor costs due to a higher minimum wage, says a Cambodian minister in charge of foreign direct investment. Sok Chenda Sophea recently unveiled a 10-year national development plan to boost Cambodia's role in the region's supply chain.
"In less than six months, we will have cheaper electricity," Sok, a minister attached to the prime minister and secretary general of the Council for the Development of Cambodia, told the Nikkei Asian Review earlier this month in Tokyo. Foreign manufacturing companies in Cambodia have been complaining about Cambodia's relatively high electricity fees compared to neighboring countries.
