Economy and commerce

Small and medium enterprises (SME)

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

SME fund fully subscribed

A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803513/sme-fund-fully-subscribed/

Development bank delivers $245mn to agri-sector producers, exporters, SMEs

A senior executive of the state-owned Agriculture Rural Development Bank (ARDB) said the financial institution has released $245 million to rice millers and exporters, the livestock sector and small and medium enterprises (SMEs) in the agriculture sector. ...

Sok Chan
https://www.khmertimeskh.com/50802809/development-bank-delivers-245mn-to-agri-sector-producers-exporters-smes/

CMA says member institutions have restructured $1.38B of loans

The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $1.382 billion.  The total number of restructuring requests stood at 303,593 with 285,234 having been granted. ...

Sok Chan
https://www.khmertimeskh.com/50802377/cma-says-member-institutions-have-restructured-138b-of-loans/

$500K investment for SMEs to improve e-commerce

A $500,000 investment will go towards 125 small and medium sized businesses set to gain grants and training in online commerce according to a joint press release by the Ministry of Commerce of the Kingdom of Cambodia, the Enhanced Integrated Framework (EIF) and the UN ...

Khmer Times Staff
https://www.khmertimeskh.com/50798664/500k-investment-for-smes-to-improve-e-commerce/

EDF outlines support to growing local entrepreneurial ecosystem

The Entrepreneurship Development Fund  (EDF) Board of Trustees convened last week to review some of EDF’s notable achievements in 2020 in supporting Cambodia’s growing entrepreneurial ecosystem. ...

Harrison White
https://www.khmertimeskh.com/50797899/edf-outlines-support-to-growing-local-entrepreneurial-ecosystem/

Bank gets $50M loan for SMEs, businesswomen

Sathapana Bank Plc received a $50 million loan from Proparco, a subsidiary of Agence Francaise de Developpement (AFD) to increase lending by the bank to small and medium-sized enterprises (SMEs) and women entrepreneurs in Cambodia. ...

May Kunmakara
https://www.phnompenhpost.com/business/bank-gets-50m-loan-smes-businesswomen

ARDB to disburse $50M loan by Dec 31

The state-owned Agricultural and Rural Development Bank (ARDB) expects to fully disburse a $50 million emergency fund for small and medium-sized enterprises (SMEs) by year’s end, its director-general Kao Thach told The Post on December 14. ...

Thou Vireak
https://www.phnompenhpost.com/business/ardb-disburse-50m-loan-dec-31

Foreign labour registry extended

The Ministry of Labour and Vocational Training has announced a two-month extension to the deadline for applying for the use of foreign workers for next year. Cambodian labour law requires firms employing foreign workers to apply for permits by the end of each November for ...

Long Kimmarita
https://www.phnompenhpost.com/national/foreign-labour-registry-extended

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/

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