Economy and commerce

Small and medium enterprises (SME)

WorldBridge’s SME cluster zone breaks ground in Takhmao town

WorldBridge Industrial Developments Co Ltd on November 27 broke ground on its long-awaited WorldBridge i4.0 SME Cluster zone in Kandal province. ...

Hin Pisei
https://www.phnompenhpost.com/business/worldbridges-sme-cluster-zone-breaks-ground-takhmao-town

27 startups and SMEs chosen for special government grants

Khmer Enterprise (KE) yesterday signed grant agreements with 27 startups and small and medium enterprises (SMEs) for the first and second Khmer Enterprise Assistance Package programme, responding to the challenges and impacts of the COVID-19 pandemic on Cambodian entrepreneurs. ...

Sok Chan
https://www.khmertimeskh.com/50785809/27-startups-and-smes-chosen-for-special-government-grants/

SECC launches excellence programme 2

The Securities and Exchange Commission of Cambodia (SECC) launched here on Nov. 23 the “Excellence Programme 2” to help small- and medium-sized enterprises prepare for stock market listing. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50785547/secc-launches-excellence-programme-2/

Digitally adapting to economic challenges

As many small and medium-sized enterprises (SMEs) struggle to stay afloat because of current economic challenges, many entrepreneurs in the kingdom are adapting and taking advantage of opening businesses online and using social media and its technology as a business tool. ...

Jason Boken
https://www.khmertimeskh.com/50784394/digitally-adapting-to-economic-challenges/

SME Bank of Cambodia open for business

The Small and Medium Enterprise (SME) Bank of Cambodia will commence banking operations today. The bank has a mission to provide financing and commercial banking services in an effective and sustainable manner to support local small and medium enterprises with an objective to increase economic ...

Sok Chan
https://www.khmertimeskh.com/50780008/sme-bank-of-cambodia-open-for-business/

Digitalisation ‘a key driver for small and medium businesses’

Speaking at the Global SME Finance Forum 2020 on moving into the future, the role of digitalisation in promoting SMEs’ access to finance, Chea Serey, director-general of the National Bank of Cambodia (NBC), said SMEs are considered to be a crucial sector for the economy ...

Sok Chan
https://www.khmertimeskh.com/50778833/digitalisation-a-key-driver-for-small-and-medium-businesses/

Micro, small, medium firms vital but need support: Report

Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalisation will be key to revitalising Southeast Asian economies devastated by Coronavirus, according to a new report from the Asian Development Bank (ADB). ...

Sok Chan
https://www.khmertimeskh.com/50777691/micro-small-medium-firms-vital-but-need-support-report/

SME fund launched to fight economic stagnation

Relevant ministries and private sectors are joining up to form another tool, the  Small and Medium Enterprise Fund “SME fund” to promote local SMEs to help Cambodia overcome economic stagnation during the COVID-19 pandemic. ...

Sorn Sarath
https://www.khmertimeskh.com/50776655/sme-fund-launched-to-fight-economic-stagnation/

Establishment of provincial SME Park urged

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is seeking to establish small and medium enterprise (SME) parks in each province across the country aiming at promoting local agricultural products processing. ...

Sorn Sarath
https://www.khmertimeskh.com/50776583/establishment-of-provincial-sme-park-urged/

Smart Axiata launches help for startups/SMEs

To support startups and small businesses across Cambodia, Impact Hub Phnom Penh is launching a new education programme for entrepreneurs with funding from Smart Axiata’s $1 million COVID-19 relief fund. ...

Khmer Times Staff
https://www.khmertimeskh.com/50768946/smart-axiata-launches-help-for-startups-smes/

Additional support to farming enterprises

KE, which is part of the Ministry of Economy and Finance, has teamed up with the Cambodia-Australia Agricultural Value Chain programme (CAVAC), devoted to improving the resilience and competitiveness of Cambodia’s agriculture sector. They are  providing funding assistance to qualifying agro-processing small and medium enterprises ...

Sok Chan
https://www.khmertimeskh.com/50766442/additional-support-to-farming-enterprises/

Developing national entrepreneurship

The first National Entrepreneurship Award 2020 ended last month with a fruitful achievement. Meanwhile, the government is looking to scale up and make the second National Entrepreneurship Award more attractive for next year, according to a senior executive of Khmer Enterprise (KE), an implementation unit ...

Sok Chan
https://www.khmertimeskh.com/50764035/developing-national-entrepreneurship/

Germany pledges to support SME sector

The German government has pledged to support Cambodia’s small and medium enterprise (SME) sector to be more competitive, focusing on the agro-industry and food processing. ...

Sorn Sarath
https://www.khmertimeskh.com/50762872/germany-pledges-to-support-sme-sector/

Business cluster to boost economy

The  $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure.​ ...

Sok Chan
https://www.khmertimeskh.com/50762433/business-cluster-to-boost-economy/

Kingdom set to diversify economy as Covid bites

Cambodia is moving towards developing non-textile industries with a policy calling for sustainable growth and economic diversification. To ensure progress, the government will continue implementation of the Cambodia Industrial Development Policy 2015-2025, said a press release on the results of a Cabinet meeting chaired by Prime ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdom-set-diversify-economy-covid-bites

Cambodia’s industrial progress is well on track

Cambodia is moving to reach its industrial development policy (IDP) goal by 2025 with progress well on track, according to a report. ...

Sorn Sarath
https://www.khmertimeskh.com/50757052/cambodias-industrial-progress-is-well-on-track/

Millions of dollars of loans dished out

A senior official from the SME Bank of Cambodia said   it has approved around $22 million in loans under the SME Co-Financing Scheme for 175 clients as of Tuesday. ...

Sok Chan
https://www.khmertimeskh.com/50750368/millions-of-dollars-of-loans-dished-out/

E-Commerce Strategy finally incorporated

The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50748715/e-commerce-strategy-finally-incorporated/

Survey sheds light on coronavirus-restricted SMBs

Cambodian small and medium-sized businesses (SMBs) have recorded lower sales during the pandemic while 39 per cent of them have trimmed down their staff, a Facebook survey found. Among the business owners in Cambodia who responded, the State of Small Businesses survey found that 52 per ...

Thou Vireak
https://www.phnompenhpost.com/business/survey-sheds-light-coronavirus-restricted-smbs

Ministry: New measures to help SMEs

To solve the current issues faced by small and medium enterprises (SMEs) in the Kingdom, the Ministry of Economy and Finance (MEF) has issued two main measures. Secretary of State at the MEF and Secretary-General of the Committee on Economic and Financial Policy Phan Phalla ...

Sok Chan
https://www.khmertimeskh.com/50744867/ministry-new-measures-to-help-smes/

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