Economy and commerce

Small and medium enterprises (SME)

Tax changes are part of efforts to maintain govt revenue, experts say

The government is putting more pressure on Cambodia’s small and medium-sized enterprises (SMEs) to register with the Commerce Ministry and the Tax Department. It wants them to go legitimate in order to protect consumers and make sure it doesn’t miss out on revenue. ...

Michael Firn
https://www.khmertimeskh.com/50936037/tax-changes-are-part-of-efforts-to-maintain-govt-revenue-experts-say/

Cambodia urges Asean Plus Three to focus on 4 priority areas

Four priority areas of cooperation, namely public health security, micro, small and medium enterprises (MSME) capacity building, climate-change resilient agricultural production, and sustainable energy have been emphasised by Cambodia’s top diplomat.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/50908905/cambodia-urges-asean-plus-three-to-focus-on-4-priority-areas/

Single Portal enters second year

More than 6,000 businesses with over $2.6 billion in capital have been registered with the government’s online Business Registration Platform in just one year since its launch, according to the Ministry of Economy and Finance. ...

Thou Vireak
https://www.phnompenhpost.com/business/single-portal-enters-second-year

Draft Law on SMEs finished, en route to industry minister

The Ministry of Industry, Science, Technology and Innovation plans to submit a Draft Law on Small and Medium Enterprises to the Ministry of Economy and Finance soon for further review and input, after a technical working group completed the document. ...

Thou Vireak
https://www.phnompenhpost.com/business/draft-law-smes-finished-en-route-industry-minister

KE, UNDP to provide SMEs a digital boost

Khmer Enterprise (KE) and the UN Development Programme (UNDP) have formed a strategic partnership to give a boost to the operational development of the Kingdom’s e-commerce sector and small and medium-sized enterprises (SME), according to a May 11 joint press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/ke-undp-provide-smes-digital-boost

WorldBridge’s SME cluster zone delayed

Construction of WorldBridge Industrial Developments Co Ltd’s $30 million WorldBridge i4.0 SME Cluster zone will be delayed by one or two months due to the recent lockdown in Phnom Penh and Kandal province’s Takmao town, chairman Sear Rithy told The Post. ...

Thou Vireak
https://www.phnompenhpost.com/business/worldbridges-sme-cluster-zone-delayed

New president for Cambodian Women Entrepreneurs Association

Keo Mom, the chief executive officer (CEO) of Lyly Food Industry, has been elected as the new president of the Cambodian Women Entrepreneurs Association (CWEA) for its fourth mandate.  Her term will last from 2021-2024. ...

Sok Chan
https://www.khmertimeskh.com/50834182/new-president-for-cambodian-women-entrepreneurs-association/

SME gets in-principle nod for IPO

The Cambodia Securities Exchange (CSX) approved in principle the listing eligibility of a privately-owned small and medium-sized enterprise (SME) on its Growth Board, CSX vice-chairman Ha Jong-weon told The Post on March 22. ...

May Kunmakara
https://www.phnompenhpost.com/business/sme-gets-principle-nod-ipo

IFC may provide ACLEDA $200 mn to help female entrepreneurs and SMEs

ACLEDA Bank Plc has proposed a five-year, $200 million blended finance investment from the World Bank Group’s International Finance Corporation (IFC), disclosure documents reveal. ...

Husain Haider
https://www.khmertimeskh.com/50825874/ifc-may-provide-acleda-200-mn-to-help-female-entrepreneurs-and-smes/

Retail sector feels pinch of Covid-19 outbreak

Most retail businesses in Phnom Penh have seen a substantial plunge in sales since the February 20 community transmission, which continues to spread across the capital and to the provinces. ...

Thou Vireak
https://www.phnompenhpost.com/business/retail-sector-feels-pinch-covid-19-outbreak

NBC, IFC to boost SME financial access

The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-ifc-boost-sme-financial-access

SHE launches new tools for women-led businesses

SHE Investments, a social enterprise supporting women entrepreneurs, has announced the official launch of its Digital Resource Centre (DRC) and Kotra Riel app. The event was held to celebrate both the concurrent launches and the achievements of women in the work world and their importance ...

Sok Chan
https://www.khmertimeskh.com/50814158/she-launches-new-tools-for-women-led-businesses/

Forum to promote ‘Access to Finance for Women Entrepreneurs in COVID-19 Era’

The National Bank of Cambodia has collaborated with the United States Agency for International Development (USAID) through Pact Cambodia, Khmer Enterprise, Swisscontact and Good Return to organise the Entrepreneurship Ecosystem Forum on “Access to Finance for Women Entrepreneurs in COVID-19 Era”. ...

Sok Chan
https://www.khmertimeskh.com/50810949/forum-to-promote-access-to-finance-for-women-entrepreneurs-in-covid-19-era/

Helping SMEs to stand on their own two feet

Following the successful completion of two rounds of assistance packages to support small and medium-sized enterprises (SMEs) and startups during the COVID-19 pandemic, Khmer Enterprise will implement a third this year. ...

Sok Chan
https://www.khmertimeskh.com/50810982/helping-smes-to-stand-on-their-own-two-feet/

Young innovators pitch ideas

Seven dynamic startups run by young entrepreneurs pitched their innovative ventures to business leaders and investors from Cambodia and around the world, at the culmination of the Bluetribe initiative, a unique and intensive six-month startup incubation scheme. ...

Sok Chan
https://www.khmertimeskh.com/50810579/young-innovators-pitch-ideas/

ACLEDA bank to continue its SME support across 2021

President and Group Managing Director of ACLEDA Bank Plc In Channy has announced that the bank has reserved nearly $600 million for lending to the small and medium enterprises (SMEs) sector in Cambodia in 2021. ...

Sok Chan
https://www.khmertimeskh.com/50809009/acleda-bank-to-continue-its-sme-support-across-2021/

CSX webcast targets small, medium firms

Fresh off the largest initial public offering in its history, the Cambodia Securities Exchange (CSX) is courting small and medium enterprises (SMEs) to list on its main board. ...

Husain Haider
https://www.khmertimeskh.com/50807111/csx-webcast-targets-small-medium-firms/

UN rolls out fund for women-led firms

Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). ...

May Kunmakara
https://www.phnompenhpost.com/business/un-rolls-out-fund-women-led-firms

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