And in spite of the absence of a competition law, investors do not appear to complain about having to compete against well-established domestic incumbents - a complaint heard in many other countries in the region, such as the Philippines (OECD, 2016). This is also attested by investor surveys and interviews conducted as part of this review where concerns were raised about weak public institutions and policy uncertainty. Cambodia is ranked 135th out of 190 countries in 2018 in the World Bank’s Doing Business indicators, slipping three notches from the previous edition.