Economy and commerce

Small and medium enterprises SME

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/

SMEs registration inches up to 443,628 last year

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501444697/smes-registration-inches-up-to-443628-last-year/

SMEs registration inches up to 443,628 last year

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501444697/smes-registration-inches-up-to-443628-last-year/

PM: SMEs still plays crucial role in bolstering national economy

Cambodian Prime Minister Hun Manet paid high attention to Small and Medium Enterprises (SMEs) as it contributed to enhancing the national economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501444255/pm-smes-still-plays-crucial-role-in-bolstering-national-economy/

Small enterprises to receive financial support from ADB, FTB

Realising that 99 percent of Cambodian businesses are micro, small, and medium-sized enterprises (MSMEs), the Foreign Trade Bank of Cambodia (FTB) and the Asian Development Bank’s (ADB) have stepped into to fill the market gaps across the whole country. ...

Nhean Chamrong
https://www.khmertimeskh.com/501437116/small-enterprises-to-receive-financial-support-from-adb-ftb/

Ministry mulling SME cluster to help local farmers

The Ministry of Industry, Science, Technology, and Innovation has pushed for forming new small and medium enterprise (SME) clusters to help farmers sell their products to local productions, contributing to finished product export. ...

Chea Vanyuth
https://www.khmertimeskh.com/501431025/ministry-mulling-sme-cluster-to-help-local-farmers/

Cambodia actively seeking direct investment for SME sector growth

Cambodia is actively seeking more direct investment to enhance its small and medium-sized enterprise (SME) sector, a key driver of the nation’s economic growth, according to the Ministry of Industry, Science, Technology and Innovation. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-actively-seeking-direct-investment-for-sme-sector-growth

Siem Reap tourism vendor loans to be more accessible in 2024

The Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank), loan terms for tourism vendors in Siem Reap Province will be loosened from the beginning of 2024 to encourage more uptake of funds exclusively by Siem Reap-based entities to bolster the sector’s return to ...

James Whitehead
https://www.khmertimeskh.com/501418092/siem-reap-tourism-vendor-loans-to-be-more-accessible-in-2024/

Census reveals Cambodia’s business landscape

The Economic Census 2022 has revealed that the number of establishments operating in Cambodia has jumped 49 percent in the last decade, with about 99 percent owned by Cambodians. ...

Chhorn Raksmey
https://kiripost.com/stories/census-reveals-cambodias-business-landscape

CATA urges SME Bank to support cruise boat businesses

Small and Medium Enterprise Bank of Cambodia Plc (SME Bank), which is currently reviewing its $50 million budget support for pandemic-hit tourism players in Siem Reap province was asked to consider providing loans to cruise boat businesses along the Tonle Sap River. ...

Nheng Chamrong
https://www.khmertimeskh.com/501416844/cata-urges-sme-bank-to-support-cruise-boat-businesses/

SME Bank, Cambodia Cashew Federation sign MoU on affordable financial schemes

The SME Bank of Cambodia and the Cambodia Cashew Federation have signed a Memorandum of Understanding to promote the cashew processing sector and boost the export of Cambodian processed cashew nuts to international markets. ...

Khmer Times Staff
https://www.khmertimeskh.com/501403273/sme-bank-cambodia-cashew-federation-sign-mou-on-affordable-financial-schemes/

Street Vendors Day calls for support

The Independent Democratic Informal Economy Association abbreviated (IDEA) and OXFAM in Cambodia on November 15 celebrated the 11th International Street Vendors Day, with the aim of promoting labour rights and calling for social protection for street vendors. ...

Chea Sokny
https://www.phnompenhpost.com/national/street-vendors-day-calls-for-support

SME Bank to allocate $50 million in funds for Siem Reap tourism boost

The allocation of funds through the Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) is expected to be a vital and timely force in supporting and reviving businesses in Siem Reap province. The move comes in response to the continued arrival of foreign ...

May Kunmakara
https://www.phnompenhpost.com/national/sme-bank-to-allocate-50-million-in-funds-for-siem-reap-tourism-boost

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