Economy and commerce

Small and medium enterprises SME

NBC chief urges SMEs to adopt digital tools

Chea Serey, Governor of the National Bank of Cambodia (NBC), on Thursday urged the owners of small and medium enterprises (SMEs) to adopt digital tools to expand their financial and market access. ...

Nhean Chamrong
https://www.khmertimeskh.com/501589326/nbc-chief-urges-smes-to-adopt-digital-tools/

Spike in small business loan demand in Q3

Recent reports from the Credit Bureau Cambodia (CBC) present a mixed picture of Cambodia’s credit market in Q3 2024, which ended September 30, 2024. ...

James Whitehead
https://www.khmertimeskh.com/501583838/spike-in-small-business-loan-demand-in-q3/

MISTI collects private sector inputs to strengthen MSME in industry 4.0

The Ministry of Industry, Science, Technology and Innovation (MISTI) organised a consultation workshop on “Business Skills Requirements in the Age of Industry 4.0,” on Wednesday. .. ...

Khmer Times Staff
https://www.khmertimeskh.com/501566127/misti-collects-private-sector-inputs-to-strengthen-msme-in-industry-4-0/

Tax exemption for small businesses

Prime Minister Hun Manet has unveiled plans to scrap taxes for small businesses earning less than 250 million riels, with calls being made to implement the measure and ensure businesses understand it. ...

Kuch sikol
https://kiripost.com/stories/tax-exemption-for-small-businesses

PM says no tax for biz with annual income below KHR 250M

Micro enterprises with an annual turnover of less than 250 million riels will not be taxed, Prime Minister Hun Manet assured on Thursday evening during his special statement on the ‘One-Year Achievements of the Royal Government of the 7th Legislature of the National Assembly’ that ...

Manoj Mathew
https://www.khmertimeskh.com/501547280/pm-says-no-tax-for-biz-with-annual-income-below-khr-250m/

Cambodia urges ASEAN to expand access to vocational training

Cambodia has called for ASEAN to establish a regional education and skills development framework tailored for the future labour force, with a particular focus on expanding access to technical and vocational education and training (TVET). ...

Ry Sochan
https://www.phnompenhpost.com/national/cambodia-urges-asean-to-expand-access-to-vocational-training

Cambodia, Australia launch digital platform for business registration

The Cambodian and Australian governments have jointly launched the first phase of a digital registration and licensing portal for small and medium enterprises (SMEs), handicrafts and industrial factories. ...

Ben Sokhean
https://www.khmertimeskh.com/501515124/cambodia-australia-launch-digital-platform-for-business-registration/

Tax incentives introduced to encourage informal economy

Under newly implemented regulations, the Royal Government of Cambodia (RGC) has offered various tax incentives for micro, small and medium-sized enterprises (MSMEs) currently operating in the informal economy to properly register their businesses with the Ministry of Commerce (MoC) and the General Department of Taxation ...

James Whitehead
https://www.khmertimeskh.com/501509765/tax-incentives-introduced-to-encourage-informal-economy/

Cambodia-Singapore Financial Transparency Corridor Initiative launched

The Financial Transparency Corridor (FTC) Initiative between Cambodia and Singapore was launched in Singapore this evening to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in the two countries. ...

Khmer Times Staff
https://www.khmertimeskh.com/501508569/cambodia-singapore-financial-transparency-corridor-initiative-launched/

Growth opportunities for Cambodian SMEs in securities market

Small and medium-sized enterprises (SMEs) in Cambodia can unlock significant growth opportunities by accessing the securities market, a concept explored in detail during a seminar co-organised by the Securities and Exchange Regulator of Cambodia (SERC), APM (Cambodia) Securities Co Ltd and Asset Pro Management Co ...

Hong Raksmey
https://www.phnompenhpost.com/business/growth-opportunities-for-cambodian-smes-in-securities-market

FASMEC urges CDC to link activities with SMEs

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) – a non-profit organisation – on Monday proposed the Council for the Development of Cambodia (CDC) to promote local enterprises by allowing the delegation to take part in the overseas trip, luring foreign ...

Nhean Chamrong
https://www.khmertimeskh.com/501500215/fasmec-urges-cdc-to-link-activities-with-smes/

Nimul urges local firms to go online with products

Cham Nimul, Minister of Commerce, yesterday, encouraged local companies, especially small and medium enterprises (SMEs), to register their products at ‘CambodiaTrade’ as well as explore the possibility of joining Alibaba.com to expand the market for Khmer products outside the Kingdom. ...

Nhean Chamrong
https://www.khmertimeskh.com/501495824/nimul-urges-local-firms-to-go-online-with-products/

Tax issues, lack of funding trouble SMEs

International Mother’s Day was marked with a bustling marketplace for small and medium business enterprises (SMEs) on Sunday at Raffles Hotel Le Royal. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501487218/tax-issues-lack-of-funding-trouble-smes/

Visa launches SMB Online Toolkit to enable tourism merchants to maximise benefits of contactless payments

Visa, a world leader in digital payments, is introducing resources to help Cambodian merchants and tiny and medium-sized businesses (SMBs) take full advantage of Visa’s digital payment solutions to optimize the customer shopping experience and increase sales, particularly in the tourism sector. ...

Khmer Times Staff
https://www.khmertimeskh.com/501486613/visa-launches-smb-online-toolkit-to-enable-tourism-merchants-to-maximise-benefits-of-contactless-payments/

Cambodia committed to promoting e-commerce ecosystem

Cambodia is committed to further enhancing the e-commerce ecosystem as the country is a leading nation in implementing the eTrade readiness assessment recommendations, achieving a remarkable 92 percent implementation rate. ...

Khmer Times Staff
https://www.khmertimeskh.com/501484827/cambodia-committed-to-promoting-e-commerce-ecosystem/

Working capital loans form 54% of small business needs

Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...

Rachel David
https://www.khmertimeskh.com/501482273/working-capital-loans-form-54-of-small-business-needs/

Battambang province industry showing strength in Q1

Cambodia’s northwestern province of Battambang, well known as one of the national agricultural hubs, has also developed a considerable industrial economy in recent periods, buoyed by increased private investment in production facilities and public infrastructure upgrades improving connectivity for the region. ...

James Whitehead
https://www.khmertimeskh.com/501470942/battambang-province-industry-showing-strength-in-q1/

SMEs provide 70 percent jobs in Cambodia

The Royal Government of Cambodia is committed to promoting small and medium enterprises (SMEs) which are the backbone of the national economy, providing 70 percent of jobs and contributing 58 percent to the GDP. ...

Manoj Mathew
https://www.khmertimeskh.com/501469153/smes-provide-70-percent-jobs-in-cambodia/

38 Startups and SMEs receive Khmer Enterprise Assistance packages for business stabilization and expansion

Khmer Enterprise (KE) hosted an event on April 5,2024 to hand over grants for 38 startups and small and medium enterprises (SMEs) to support them to stabilize their business, strengthen operations and enhance their export potential. ...

Khmer Times Staff
https://www.khmertimeskh.com/501468912/38-startups-and-smes-receive-khmer-enterprise-assistance-packages-for-business-stabilization-and-expansion/

SME bank's $50M loan scheme raises concerns for tourism businesses

Tourism players and economic experts have welcomed SME Banks’ loan scheme of more than $50 million to help Siem Reap business owners. However, while potentially improving tourism performance, concerns have been raised about mounting debt. ...

Yatt Malai
https://kiripost.com/stories/sme-banks-500m-loan-scheme-raises-concerns-for-tourism-businesses

Startups to power Cambodia’s Pentagonal Strategy

Cambodia’s future lies in startups was the broad message at the Startup Ecosystem Forum: Connect 2024 at Raintree Cambodia held in Phnom Penh on Friday. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501457944/startups-to-power-cambodias-pentagonal-strategy/

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