Economy and commerce
Small and medium enterprises SME
Digitalisation drive gives MSMEs a business boost
More than 170 Cambodian micro-, small- and medium-sized enterprises (MSMEs) have successfully transitioned their businesses online as part of a digital drive to become more resilient in the future, under a UNDP-led programme. ...
CGCC-guaranteed loans jump 13% year-to-date, top $104M
Credit Guarantee Corporation of Cambodia Plc (CGCC) reportedly issued a total of 1,155 Letters of Guarantee (LG) for loans worth $104.9 million equivalent as of February 28 – up 13 per cent year-to-date – as part of its mission to improve financial inclusion among small- ...
Digital incubation brings opportunities to women-owned micro, small and medium-sized enterprises (MSMEs) in Cambodia
Micro, small and medium-sized enterprises (MSMEs) constitute the backbone of Cambodia’s economy and account for 99.8 percent of its businesses. ...
Khmer Times Staff
6k factories in Phnom Penh employ 510,000 workers
Phnom Penh has a total of more than 6,000 factories and small and medium enterprises that directly employ more than 510,000 workers, a Phnom Penh Capital Hall’s report showed yesterday. ...
SMEs continue to play an important role in the Cambodian economy
Small and medium enterprises (SME) contribute 98 percent of all businesses in Cambodian and contribute about 58 percent of the kingdom’s GDP. ...
Khmer Times Staff
ADB and Cambodia Post Bank sign $10m loan for MSMEs
The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan of up to $10 million to spur post-pandemic recovery for the nation’s micro-, small- and medium-sized enterprises (MSMEs) by increasing access to finance, with at least half earmarked for women. ...
SME Bank’s loans help more than 2,000 businesses
The state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank) has disbursed more than $200 million in loans to at least 2,500 SMEs to help them expand businesses. ...
Khmer Times Staff
Over 1000 new SMEs registered in Jan-Nov
The Ministry of Industry, Science, Technology and Innovation registered more than a thousand small and medium enterprises (SMEs) in the January-November period of last year, bringing the total registered SMEs to around 44,000. ...
Business credit guarantee plan remains in place
The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...
SME Bank loans top $432M, help at least 3,260 businesses
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed more than $432 million in loans to at least 3,260 SMEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...
Over 20,000 businesses featured on Single Portal
A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...
SME Bank loans top $410M, help over 3K businesses
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed some $418 million in loans to at least 3,185 small- and medium-sized enterprises (SME) since its foundation, as of October 31, to keep them from going under during the height of ...
Small businesses urged to register with NSSF
The National Social Security Fund (NSSF) has instructed its officials to focus on outreach to small enterprises and encourage them to register with the NSSF, noting that some of the businesses obligated to pay into the fund in its first month have been slow to ...
Khmer Enterprise to double startup and SME investment to $10m
At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...
Single Portal logs 3.8K firms in 125 days
A total of 3,789 businesses were successfully registered on the Online Business Registration Platform, also known as the “Single Portal”, in the 125 days to October 17, bringing the cumulative figure to 18,465, according to the Online Business Registration Service, the competent government agency. ...
Cambodia urges initiatives to support SMEs and informal economy
Cambodia Minister of Labour and Vocational Training Ith Samheng has called on more initiatives to improve working conditions for workers in small and medium enterprises and informal economy in ASEAN and ASEAN partner countries. ...
Khmer Times Staff
Investment framework key for SME sector's Covid-19 recovery
Khmer Enterprise must continue implementing co-investment frameworks and priority sectors for investment to grow the country’s SME sector in the wake of the pandemic, according to the Entrepreneurship Development Fund. ...
Improving Cambodia’s startup investment ecosystem
The Entrepreneurship Development Fund (EDF) held a workshop last Thursday to discuss “preliminary findings and to gather input on challenges and policy for startups and SMEs investment aspects” in Cambodia. ...
E-payments to save MSMEs on costs: NBC
Digitising payments could bring substantial cost savings for micro-, small-, and medium-sized enterprises (MSME), not only by simplifying cash management processes but also reducing potential opportunities for misappropriation or corruption, according to the central bank chief. ...
ACLEDA scoops award for aiding Cambodian SMEs
ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...
Kiripost staff writers