Economy and commerce

Small and medium enterprises SME

Key to cracking Thai consumer market: unique products

Cambodia should seek to enlarge its market share of the Thai consumer market by focusing on the export of unique items, a visiting Thai trade promoter said during a workshop in Phnom Penh yesterday. ... ...

Hor Kimsay
http://www.phnompenhpost.com/business/key-cracking-thai-consumer-market-unique-products

SMEs: don’t look down on local goods

The Ministry of Commerce and representatives of small and medium enterprises (SMEs) came together on Friday to discuss ways to boost the promotion of made-in-Cambodia goods, both in local and international markets, against a background of local supermarkets discriminating against these local products. Minister of Commerce ...

Sum Manet
http://www.khmertimeskh.com/news/29022/smes--don---t-look-down-on-local-goods/

Rice crackers bound for China

Cambodian rice cracker manufacturer Ly Ly Food Industry Co. Ltd., has begun exporting its products to China, as part of a push to expand beyond Asean markets. ... ...

Sum Manet
http://www.khmertimeskh.com/news/28557/rice-crackers-bound-for-china/

Japanese investor acquires local MFI

A Japanese businessman has acquired a majority stake of microfinance company Farmer Union Development Fund (FUDF) and plans to expand its lending to the real estate sector as well as small- and medium-sized enterprises, he revealed yesterday. ... ...

Hor Kimsay
http://www.phnompenhpost.com/business/japanese-investor-acquires-local-mfi

Thai SEZ eyes Cambodia

The Thai government plans to build a special economic zone (SEZ) worth about $141.6 million in Sa Kaeo, which borders the Kingdom’s Banteay Meanchey and Battambang provinces, to serve SMEs that aim to expand their business into Cambodia, according a Thai media report. ... ...

Sum Manet
http://www.khmertimeskh.com/news/25858/thai-sez-eyes-cambodia/

Stock exchange ready for SMEs

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ... ...

Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/

CAMFEBA launches an ASEAN guidebook

The Cambodian Federation of Employers and Business Associations (CAMFEBA) yesterday launched an ASEAN Economic Community (AEC) guidebook aimed at providing employers with practical recommendations to help businesses better understand the dynamic regional changes of integration. ... ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/camfeba-launches-asean-guidebook

Banks, MFIs urged to support SMEs

Banks and financial institutions are urged to provide more support to small and medium enterprises (SMEs), especially those owned by women, as access to capital remains a major obstacle for their growth. ... ...

Chea Vannak
http://www.khmertimeskh.com/news/25720/banks--mfis-urged-to-support-smes/

Push to get SMEs listed on CSX

For small and medium sized Cambodian enterprises hoping to list on the local stock market – the Cambodia Securities Exchange (CSX) – there is now an opportunity to realize their dream of seeing their stocks traded. ... ...

May Kunmakara
http://www.khmertimeskh.com/news/25721/push-to-get-smes-listed-on-csx/

Push to promote local products

Supermarket owners are to be called for a meeting with the Commerce Ministry in response to complaints from small and medium sized enterprises (SMEs) that local products are not displayed or sold on their shelves, the commerce minister said yesterday at the launch of a ...

Sok Chan
http://www.khmertimeskh.com/news/25274/push-to-promote-local-products/

Kingdom eyes improved food safety standard

While food safety control services and inspection systems for food products at the Industrial Laboratory Center of Cambodia (ILCC) have showed some improvements, the ILCC still lags behind Asean standards, according to Ministry of Industry and Handicraft secretary of state Sat Samy. ...  ...

Sok Chan
http://www.khmertimeskh.com/news/25063/kingdom-eyes-improved-food-safety-standard/

Federation sees opening on digital path

Cambodia’s young, tech-enthusiastic population is a gateway to accessing the global market digitally, according to the ICT Federation of Cambodia, with its president – Steven Path – estimating that the information and communication technology sector is already nearing about $1 billion in sales. ... ...

Sum Manet
http://www.khmertimeskh.com/news/24307/federation-sees-opening-on-digital-path/

Stronger SMEs ‘needed to draw investors’

Building the capacity for Small and Medium Sized Enterprises (SMEs) is vital to attracting investors from the EU, where there is a strong appetite for putting money into Cambodia, a senior government official said yesterday. ... ...

Sok Chan
http://www.khmertimeskh.com/news/23285/stronger-smes----needed-to-draw-investors---/

Tourism a key revenue generator for SMEs

Cambodia's small- and medium-sized enterprises (SMEs) earned $1.9 billion in revenue last year from the tourism sector, and could increase this amount further by reducing imports, an industry spokesman said yesterday. ...  ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-key-revenue-generator-smes

IFC offers Acleda Bank $50M for SME lending

The International Finance Corporation (IFC) will provide a $50 million syndicated loan to Acleda Bank to boost lending to small and medium enterprises, of which at least half will support women-owned enterprises, it said yesterday. ... ...

Post Staff
http://www.phnompenhpost.com/business/ifc-offers-acleda-bank-50m-sme-lending

Bourse urges small firms to consider listing

In September, the Cambodia Securities Exchange (CSX) an­nounced a new initiative to im­prove access to financing for cash-strapped small and medium-sized enterprises (SMEs). ... ...

Tej Parikh
https://www.cambodiadaily.com/news/bourse-urges-small-firms-to-consider-listing-108559/

SME federation wants its own SEZ

The Federation of Associations for Small and Medium Enterprises of Cambodia is planning to propose that the government set up special economic zone (SEZ) for small and medium-sized sized enterprises (SMEs) so that they can work in clusters, saying this will enhance their productivity, increase ...

Sok Chan
http://www.khmertimeskh.com/news/21157/sme-federation-wants-its-own-sez/

Price wars to subvert gains made by SMEs

Cambodian entrepreneurs and business leaders on Saturday stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead. ...  ...

Ayanna Runcie
http://www.phnompenhpost.com/business/price-wars-subvert-gains-made-smes

Thitikorn to open two branches in Cambodia

Listed hire-purchase company Thitikorn plans to open two branches in Cambodia next year, after being in the market for one year and finding huge opportunity and high demand for motorcycle lending there, managing director Prathama Phornprapha said yesterday. ... ...

The Nation News Staff
http://www.nationmultimedia.com/business/Thitikorn-to-open-two-branches-in-Cambodia-30275540.html

Small businesses help Cambodia’s growth, entrepreneur says

In recent years, Cambodia has seen a surging number of small and medium-sized businesses, driven by young entrepreneurs. ...As of 2011, there are estimated 530,000 SMEs in Cambodia, but many lack access to capital to build strong and innovative businesses.​ ... ...

Ten Soksreinith
http://www.voacambodia.com/content/small-business-help-cambodia-growth-entrepreneur-says/3105535.html

Local SMEs keen to replace Thai, Vietnamese imports

Cambodian businesses are joining forces in an attempt to increase production and reduce the country’s dependence on imports. The Federation of Association for Small and Medium Enterprises of Cambodia, the Ministry of Industry and Handicraft, and the Cambodia Chamber of Commerce plan to encourage small ...

Sok Chan
http://www.khmertimeskh.com/news/18174/local-smes-keen-to-replace-thai--vietnamese-imports/

Tycoon reelected president of two chambers of commerce

Kith Meng, chairman of the Royal Group, was reelected president of the Cambodia Chamber of Commerce yesterday in a landslide vote at its Phnom Penh office. The tycoon, whose interests span television, banking, telecoms and property, was also reelected president of the Phnom Penh Chamber ...

Sok Chan
http://www.khmertimeskh.com/news/18177/tycoon-reelected-president-of-two-chambers-of-commerce/

Rice forum aims to strengthen value chain

The Cambodia Rice Federation (CRF) and the Association for SMEs of Cambodia will jointly hold the fifth Cambodia Rice Forum to discuss the future of the country's rice industry with major stakeholders. ... ...

Sum Manet
http://www.khmertimeskh.com/news/17865/rice-forum-aims-to-strengthen-value-chain/

OPIC plans more investment in Cambodian MFIs

A US government finance institution plans to inject more capital into Cambodia's businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...

Sok Chan
http://www.khmertimeskh.com/news/17866/opic-plans-more-investment-in-cambodian-mfis/

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