Economy and commerce
Small and medium enterprises SME
Australia pledges support to Cambodia’s agri-food SMEs
Australia and Cambodia on Friday joined together to launch a Food Innovation Partnership to support Cambodia’s agri-food small- and medium-sized enterprises (SMEs) in developing new products, meeting food safety standards, and improving their market reach. ...
Yatt Malai
https://kiripost.com/stories/australia-pledges-support-to-cambodias-agri-food-smes
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Cambodia, Philippines agree on private sector growth strategy
The Cambodia Chamber of Commerce (CCC) has signed a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and Industry (PCCI), fostering collaboration in agriculture and the advancement of micro, small, and medium enterprises (MSMEs). ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-philippines-agree-private-sector-growth-strategy
Only $54M of SME Bank’s $150M tourism loans taken
Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...
Hin Pisei
https://phnompenhpost.com/business/only-54m-sme-banks-150m-tourism-loans-taken
US to scale up cyber security ties with Cambodia
The US is keen on boosting cyber security ties with the Kingdom amid the world witnessing a new set of challenges with its fast transformation into the digital economy, US Ambassador to Cambodia Patrick Murphy said while addressing the Digital Economy Forum II held at ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501348276/us-to-scale-up-cyber-security-ties-with-cambodia/
Food and beverage processing SMEs show remarkable growth
The number of small and medium enterprises (SME) in food and beverage processing saw a remarkable increase, using raw materials of agriculture to the finished products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501348064/food-and-beverage-processing-smes-show-remarkable-growth/
Access to finance for SMEs in Cambodia
Access to finance remains a key barrier to small and medium enterprise (SME) growth in Cambodia, as many of them rely on personal finance rather than bank loans, which can affect long-term commercial and financial sustainability. ...
Mao Sreypich
https://kiripost.com/stories/access-to-finance-for-smes-in-cambodia
Digital technology adoption by Cambodia’s tourism MSMEs
The current state and role of digital technology adaptation in tourism-related micro, small and medium enterprises (MSMEs) in Cambodia in 2023 have been reported by the Cambodia Development Resource Institute (CDRI), under the support of the Asia Foundation. ...
Yatt Malai
https://kiripost.com/stories/digital-technology-adoption-by-cambodia-tourism-msmes
Credit guarantees to SMEs reach nearly $140 million
The Credit Guarantee Corporation of Cambodia (CGCC) provided credit guarantees of $139.5 million to businesses for their working capital expansion as of July 2023. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346090/credit-guarantees-to-smes-reach-nearly-140-million/
Silk sector challenged by reduced capital, investment
Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...
Hin Pisei
https://www.phnompenhpost.com/business/silk-sector-challenged-reduced-capital-investment
SME Bank disburses $54M loans to tourism related biz
A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501337906/sme-bank-disburses-54m-loans-to-tourism-related-biz/
Cambodia, S’pore roll out SME-support fintech plan
Cambodia and Singapore have launched a Financial Transparency Corridor (FTC) initiative intended to provide the necessary digital infrastructure for cross-border financial services and trade between small- and medium-sized enterprises (SME) in either country. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-spore-roll-out-sme-support-fintech-plan
MSMEs urged to reduce carbon footprint
By implementing sustainable practices, micro, small and medium-sized enterprises (MSMEs) can reduce their carbon footprint, minimize waste and pollution, and conserve natural resources, a business forum said on Thursday. ...
Mon Sokeo
https://kiripost.com/stories/cambodia-msmes-urged-to-reduce-carbon-footprint
Oxfam and Young Entrepreneurs host ‘Sustainable Business Forum’
Oxfam and Young Entrepreneurs Association of Cambodia (YEAC) co-organised on Thursday a “Sustainable Business Forum” under the theme “Together for Micro, Small and Medium-sized Enterprises Growth in Cambodia” to promote responsible, inclusive and sustainable business practices in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320559/oxfam-and-young-entrepreneurs-host-sustainable-business-forum/
AIIB lends $100m to ACLEDA for SME loans
ACLEDA Bank Plc has borrowed $100 million from China-owned Asian Infrastructure Investment Bank (AIIB) to provide new loans to micro, small and medium enterprises, according to its latest filing with Cambodia Securities Exchange. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-aiib-lends-100m-to-acleda-for-sme-loans
Twenty-seven startups and SMEs receive $5,000 to $20,000 grants
Twenty-seven local startups and small and medium enterprises (SMEs) have received grant assistance from the government to support their post-Covid recovery and enhance export potentials. ...
Thai Sothea
https://kiripost.com/stories/cambodia-twenty-seven-startups-and-smes-receive-5000-to-20000-grants
Free online courses to strengthen tourism SMEs’ digital and financial skills
Cambodia’s tourism SMEs can sign up to free modules delivered by PATA that focus on strengthening finance and digital skills in a post-pandemic world ...
Marissa Carruthers
https://kiripost.com/stories/free-online-courses-to-strengthen-tourism-smes-digital-and-financial-skills
New tourism-recovery loans slowing: SME Bank
A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...
May Kunmakara
https://www.phnompenhpost.com/business/new-tourism-recovery-loans-slowing-sme-bank
SME Bank released $53M for tourism business firms
Small and Medium Enterprise Bank of Cambodia Plc. has approved loans to 346 tourism-related firms totalling $53.46M or 35.64 percent of the $150M budget, said a top official of the bank. ...
Nhean Chamrong
https://www.khmertimeskh.com/501288915/sme-bank-released-53m-for-tourism-business-firms/
UN, EU supporting SMEs involved in fisheries in Cambodia via Capfish-Capture program
Capfish-Capture, a project organized by the UN Industrial Development Organization (UNIDO), is giving technical and financial support to small and medium-sized enterprises (SMEs) in Cambodia’s fishing industry to promote compliance with international food safety standards, allow SMEs to upgrade their machinery, connect SMEs with microfinance ...
Khmer Times Staff
https://www.khmertimeskh.com/501287791/un-eu-supporting-smes-involved-in-fisheries-in-cambodia-via-capfish-capture-program/
MoU provides MSMEs with easier access to finance
Cambodia Chamber of Commerce (CCC) and Credit Guarantee Corporation of Cambodia (CGCC) has signed an agreement to increase access to guaranteed loans for the growth of micro-, small-, and medium-enterprises (MSMEs) in Cambodia. ...
Credit guarantees to SMEs reach $113 million
The Credit Guarantee Corporation of Cambodia (CGCC) provided credit guarantees of $113.6 million to businesses as their working capital for expansion in the first quarter of this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501278434/credit-guarantees-to-smes-reach-113-million/
PM praises SMEs’ role in boosting economic growth
Prime Minister Hun Sen said yesterday that the small and medium enterprises (SME) have played an important role in boosting economic growth in Cambodia, generating jobs for people, and contributing to poverty reduction. ...
Chea Vanyuth
https://www.khmertimeskh.com/501271230/pm-praises-smes-role-in-boosting-economic-growth/
SMEs to generate at least 1 million more jobs
Prime Minister Hun Sen expressed his hope that SMEs will further absorb at least 1 million workforces as the Royal Government is preparing to provide scholarships to 1.5 million students for vocational training. ...
Khmer Times Staff
https://www.khmertimeskh.com/501271521/smes-to-generate-at-least-1-million-more-jobs/