Economy and commerce

Small and medium enterprises SME

ACU guidelines short on details

Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...

Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details

Lack of sweet deals turning Cambodia’s palm sugar industry sour

There is a growing demand for palm sugar in the marketplace. But producers are unhappy that they have not been paid fair prices by middlemen. The fair price for a kilo of raw palm sugar varies from US$0.41 to US$0.70. But the producers get much ...

Tan Ju-Eng
http://bit.ly/1IL9QKU

Food safety law being drafted by government

The government is drafting a new food safety law in an effort to better protect consumers, a Health Ministry spokesman Friday. ...

Kang Sothear
https://www.cambodiadaily.com/news/food-safety-law-being-drafted-by-government-80503/

Inspection guide for SMEs waits for funding

Due to a lack of funding, the Ministry of Industry and Handicrafts has delayed publishing guidelines that are meant to increase clarity on inspection procedures for small and medium enterprises (SMEs). ...

Chan Muyhong
http://www.phnompenhpost.com/inspection-guide-smes-waits-funding

SME policy needed by AEC

Public and private sector representatives have urged the Cambodian government to fast-track policies to foster a more “formalised”, compliant and productive small- to medium-size enterprise (SME) sector. Chea Serey, director general at the National Bank of Cambodia said the high cost of regulatory compliance, a ...

Eddie Morton
http://www.phnompenhpost.com/sme-policy-needed-aec

Domestic production strengthens as F&B imports fall

Food and beverage imports to Cambodia have fallen over the past 12 months, marking a notable shift in domestic production and the public’s recognition of the “Made in Cambodia” brand, officials say. Cambodia spent around $223 million on food and beverage imports to supply the domestic ...

Chan Muyhong
http://www.phnompenhpost.com/domestic-production-strengthens-fb-imports-fall

Businesses upbeat but are ready to see reforms in action

A return to political stability means business confidence in the Cambodian economy remains buoyant, but ongoing government reforms are now needed to give companies greater assurance of future growth prospects, according to the latest business confidence survey from ANZ Royal Bank. The ANZ Royal Business Confidence ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/businesses-upbeat-are-ready-see-reforms-action

SME policy to roll out in 2015

The Cambodian government is nearing completion of a policy aimed at strengthening the Kingdom’s small and medium-sized enterprises (SMEs), a senior official said yesterday. Minister for Industry and Handicraft Cham Prasidh yesterday told reporters his ministry was preparing a comprehensive SME policy with the purpose of ...

Hor Kimsay
http://www.phnompenhpost.com/business/sme-policy-roll-out-2015

EU gives $3.9 million to attract investment

The European Union will spend €3 million ($3.9 million) on a program to encourage small and medium enterprises to invest in Cambodia. Speaking at a conference yesterday in Phnom Penh, EU Ambassador to Cambodia Jean-Francois Cautain said the five-year grant – to be managed by EuroCham ...

http://phnompenhpost.com/business/eu-gives-39-million-attract-investment
http://Daniel de Carteret

‘SMEs have role’ in graft fight

Small- and medium-sized enterprises (SMEs) need to intensify self-regulatory efforts against corrupt practices to help foster a stronger business environment, NGO Transparency International (TI) Cambodia said yesterday. At a seminar in Phnom Penh, TI Cambodia executive director Preap Kol told business representatives that while government corruption ...

Chan Muyhong
http://www.phnompenhpost.com/business/%E2%80%98smes-have-role%E2%80%99-graft-fight

Mobile Food shops to become more popular

Mobile food shops, which are part of services provided by Neat Educational Information Center (NEIC), have first emerged in the middle of Phnom Penh Capital City. These mobile canteens are attracting a lot of customers and have helped create jobs for students who are facing ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=YjU4NDU1MWQ0MjU

ADB lends 75 mln USD to Cambodian bank to support small firms

The Asian Development Bank (ADB) on Wednesday signed a 75 million U.S. dollars loan with Cambodia’s largest bank, Acleda Bank, to address the rising financing requirements of micro, small and medium-sized enterprises (MSME) in the country. The agreement was inked between Christine Engstrom, director in ADB’s ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-05/28/c_133368436.htm

Amret MFI gets $10M loan to aid SME reach

Amret Microfinance received a $10 million boost yesterday by a loan from German development bank KfW, according to a joint statement from the finance institutions. Chea Phalarin, chief executive officer of Amret Microfinance Institution, said yesterday that the new loan – equal to nearly double its ...

Hor Kimsay
http://www.phnompenhpost.com/business/amret-mfi-gets-10m-loan-aid-sme-reach

Cambodia targets small and medium enterprises from Japan

Prime Minister Hun Sen said that Cambodia was eager to have Japanese investors to build factories and produce goods for exports to the world market. The premier made comments during his meeting on Sunday with Tishimitsu Gotegi, Minister of Ministry of Economy, Commerce and Industry of ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGMyOTU2M2QzMGI

Small-scale construction firms suffer amid slump in demand

Small business owners in the pillar construction industry say they are facing hard times as demand increases for large pillars but diminishes for small-scale construction. Chheang Bona, director of 7FTD Co, Ltd in Vihear Sour commune, in Kandal province’s Ksach Kandal district, said that his ...

The Editor
http://www.phnompenhpost.com/real-estate/small-scale-construction-firms-suffer-amid-slump-demand

Registration of SMEs given to new Handicrafts Ministry

Prime Minister Hun Sen on Tuesday provided an indication of the role that will be played by the new Ministry of Industry and Handicrafts, which was created late last year, announcing it will hold the sole responsibility for registering small and medium enterprises (SMEs). The government ...

Hul Reaksmey and Alex​​ Devine
http://www.cambodiadaily.com/news/registration-of-smes-given-to-new-handicrafts-ministry-53683/

Survey seeks info on Cambodian business health

Starting later this month, 10,000 small and medium-sized businesses will be queried as part of a Japanese government-backed economic census intended to take a snapshot of activity across the private sector. Beginning on February 23 and running through to March 31, Cambodia’s National Institute of Statistics ...

Eddie Morton
http://www.phnompenhpost.com/business/survey-seeks-info-cambodian-business-health

Local production still lagging

As the cost of imports rise, local producers could see an opportunity to increase their market share, but for most a lack of output and quality means potential is limited, industry observers said yesterday. Customs officers who had often undercut the official rate are now ...

Hor Kimsay
http://www.phnompenhpost.com/business/local-production-still-lagging

Cambodia’s SMEs Increase

Small and Medium enterprises (SMEs) in Cambodia have so far seen an increase, reaching the number of around 560,000. However, this sector does not grow with reliability and the capacity in business operation does not go to international market standard or standardization of free market. ...

Thou Poeu
http://www.akp.gov.kh/?p=36091

New Project Aims to Help Small Businesses in Cambodia

A new project by the government and Japan’s aid agency seeks to assist small companies in Cam­bodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries. The aim of the two-year program, called “Strategic Strengthening ...

Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/new-project-aims-to-help-small-businesses-in-cambodia-41534/?utm_source=rss&utm_medium=rss&utm_campaign=new-project-aims-to-help-small-businesses-in-cambodia

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