Economy and commerce
Small and medium enterprises SME
Ministry, Swisscontact ink MoU on SME e-commerce
The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry. ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-swisscontact-ink-mou-sme-e-commerce
NBC Director General Chea Serey says SMEs play an important role in supporting economic growth and improving people’s livelihoods
Ms. Chea Serey, Director General of the National Bank of Cambodia, has highlighted the importance of small and medium enterprises (SMEs) that have contributed significantly to supporting the national economic growth and helping the livelihood of people living in rural areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/50993730/nbc-director-general-chea-serey-says-smes-play-an-important-role-in-supporting-economic-growth-and-improving-peoples-livelihoods/
Khmer Enterprise and CMA enter into partnership to boosting access to financial service for SMEs
Khmer Enterprise (KE), a unit under the Ministry of Economy and Finance and the Cambodia Microfinance Association has entered into a cooperation agreement on promoting access to finance for entrepreneurs and SMEs in the ecosystem of Cambodia. ...
ADB approves $40 million to help small companies get loans
The Asian Development Bank (ADB) has approved a $40 million loan to help Cambodia’s micro, small, and medium-sized enterprises (MSMEs) get easier access to credit. The money will also support government efforts to bring in reforms to boost financial stability and upgrade the financial sector ...
Michael Firn
https://www.khmertimeskh.com/50954353/adb-approves-40-million-to-help-small-companies-get-loans/
Tax changes are part of efforts to maintain govt revenue, experts say
The government is putting more pressure on Cambodia’s small and medium-sized enterprises (SMEs) to register with the Commerce Ministry and the Tax Department. It wants them to go legitimate in order to protect consumers and make sure it doesn’t miss out on revenue. ...
Michael Firn
https://www.khmertimeskh.com/50936037/tax-changes-are-part-of-efforts-to-maintain-govt-revenue-experts-say/
Cambodia urges Asean Plus Three to focus on 4 priority areas
Four priority areas of cooperation, namely public health security, micro, small and medium enterprises (MSME) capacity building, climate-change resilient agricultural production, and sustainable energy have been emphasised by Cambodia’s top diplomat. ...
Khmer Times Staff
https://www.khmertimeskh.com/50908905/cambodia-urges-asean-plus-three-to-focus-on-4-priority-areas/
Single Portal enters second year
More than 6,000 businesses with over $2.6 billion in capital have been registered with the government’s online Business Registration Platform in just one year since its launch, according to the Ministry of Economy and Finance. ...
Thou Vireak
https://www.phnompenhpost.com/business/single-portal-enters-second-year
Draft Law on SMEs finished, en route to industry minister
The Ministry of Industry, Science, Technology and Innovation plans to submit a Draft Law on Small and Medium Enterprises to the Ministry of Economy and Finance soon for further review and input, after a technical working group completed the document. ...
Thou Vireak
https://www.phnompenhpost.com/business/draft-law-smes-finished-en-route-industry-minister
KE, UNDP to provide SMEs a digital boost
Khmer Enterprise (KE) and the UN Development Programme (UNDP) have formed a strategic partnership to give a boost to the operational development of the Kingdom’s e-commerce sector and small and medium-sized enterprises (SME), according to a May 11 joint press release. ...
Thou Vireak
https://www.phnompenhpost.com/business/ke-undp-provide-smes-digital-boost
WorldBridge’s SME cluster zone delayed
Construction of WorldBridge Industrial Developments Co Ltd’s $30 million WorldBridge i4.0 SME Cluster zone will be delayed by one or two months due to the recent lockdown in Phnom Penh and Kandal province’s Takmao town, chairman Sear Rithy told The Post. ...
Thou Vireak
https://www.phnompenhpost.com/business/worldbridges-sme-cluster-zone-delayed
New president for Cambodian Women Entrepreneurs Association
Keo Mom, the chief executive officer (CEO) of Lyly Food Industry, has been elected as the new president of the Cambodian Women Entrepreneurs Association (CWEA) for its fourth mandate. Her term will last from 2021-2024. ...
Sok Chan
https://www.khmertimeskh.com/50834182/new-president-for-cambodian-women-entrepreneurs-association/
SME gets in-principle nod for IPO
The Cambodia Securities Exchange (CSX) approved in principle the listing eligibility of a privately-owned small and medium-sized enterprise (SME) on its Growth Board, CSX vice-chairman Ha Jong-weon told The Post on March 22. ...
May Kunmakara
https://www.phnompenhpost.com/business/sme-gets-principle-nod-ipo
IFC may provide ACLEDA $200 mn to help female entrepreneurs and SMEs
ACLEDA Bank Plc has proposed a five-year, $200 million blended finance investment from the World Bank Group’s International Finance Corporation (IFC), disclosure documents reveal. ...
Husain Haider
https://www.khmertimeskh.com/50825874/ifc-may-provide-acleda-200-mn-to-help-female-entrepreneurs-and-smes/
Visa profiles survival strategies of small businesses during pandemic
According to a new think-piece released by Visa, small businesses have demonstrated their resilience by adapting quickly to the impact of COVID-19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50824887/visa-profiles-survival-strategies-of-small-businesses-during-pandemic/
Retail sector feels pinch of Covid-19 outbreak
Most retail businesses in Phnom Penh have seen a substantial plunge in sales since the February 20 community transmission, which continues to spread across the capital and to the provinces. ...
Thou Vireak
https://www.phnompenhpost.com/business/retail-sector-feels-pinch-covid-19-outbreak
NBC, IFC to boost SME financial access
The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-ifc-boost-sme-financial-access
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/
Cambodia, EuroCham to boost SME, technology, science and green industry
Cambodia and European Union (EU) are committed to joining hands in boosting the development of SME, technology, science and green industry in Cambodia. ...
Lim Nary /AKP
https://www.khmertimeskh.com/50811281/cambodia-eurocham-to-boost-sme-technology-science-and-green-industry/
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”. ...
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