Economy and commerce

Small and medium enterprises (SME)

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/

Teaching young women digital literacy

SHE Investments, a social enterprise to support women micro-small entrepreneurs (MSMEs) is joining as a Cambodian partner for Youth Business International’s Rapid Response Recovery Programme, funded by Google.org, to support women entrepreneurs to build digital literacy skills to enable them to recover and rebuild from ...

Sok Chan
https://www.khmertimeskh.com/50739209/teaching-young-women-digital-literacy/

Go Digital Asean initiative to empower MSME’s

The ASEAN Coordinating Committee on Micro, Small and Medium Enterprises and the Asia Foundation has formally announced the Go Digital ASEAN initiative. Supported by a $3.3 million grant from Google, the initiative is designed to equip 200,000 people – of which 60 percent will be ...

Sok Chan
https://www.khmertimeskh.com/50737853/go-digital-asean-initiative-to-empower-msmes/

Agriculture, domestic tourism and SMEs are the catalysts to restore the economy

Cambodia must boost the development of the domestic tourism, agriculture and small and medium enterprises (SMEs) to restore its economy  post-COVID-19, according to Ky Sereyvath, Director of China Study Center of RAC. ...

Sok Chan
https://www.khmertimeskh.com/50736309/agriculture-domestic-tourism-and-smes-are-the-catalysts-to-restore-the-economy/

$2.3 million approved by SME Bank

The SME Co-Financing Scheme (SCFS) has received 13 applications with a total loan approval value of $2.338 million as of June 11, a senior executive officer of the SME Bank of Cambodia told Khmer Times. ...

Sok Chan
http://khmertimeskh.com/50734391/2-3-million-approved-by-sme-bank/

SME chief complains of excessive red tape

The representative of the Cambodia Food Manufacture Association (CFMA) has requested a reduction in government red tape especially for the small and medium enterprises. ...

Sok Chan
https://www.khmertimeskh.com/50732781/sme-chief-complains-of-excessive-red-tape/

Partnership to drive food-processing

Khmer Enterprise, a unit under the Ministry of Economy and Finance (MEF), Cambodia Australia Agricultural Value Chain Program (CAVAC), and the Institute of Technology of Cambodia (ITC), inked a partnership agreement to driving food-processing innovations through small and medium enterprises (SMEs) in the Kingdom. ...

Sok Chan
https://www.khmertimeskh.com/50730161/partnership-to-drive-food-processing/

Khmer Enterprise and SHE Investments to support MSMEs

Khmer Enterprise (KE), an implementation unit of the Entrepreneurship Development Fund established by the Ministry of Economy and Finance (MEF), and SHE Investments, Cambodia’s first and only gender-focused and culturally tailored business incubator and accelerator, have jointly developed the Digital Resource Center for Micro, Small ...

Sok Chan
https://www.khmertimeskh.com/50726358/khmer-enterprise-and-she-investments-to-support-msmes/

SME competition set for July

The private sector plans to launch the first small and medium-sized enterprise (SME) competition in Cambodia to promote the SME sector and seek financial loan support for business expansion. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-competition-set-july

Loan tenures to be extended to 7 years

The Ministry of Economy and Finance has approved the extension loan tenures to seven years from four years under a revised agreement between SME Bank and Participating Financial Institutions (PFIs). ...

Sok Chan
https://www.khmertimeskh.com/724278/loan-tenures-to-be-extended-to-7-years/

SME Bank expected to help boost local production

The State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721318/sme-bank-expected-to-help-boost-local-production/

SME Bank ‘must relax its criteria for loans’

THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...

Sok Chan
https://www.khmertimeskh.com/50720985/sme-bank-must-relax-its-criteria-for-loans/

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