Economy and commerce

Small and medium enterprises (SME)

Event tackles MSME sector’s woes

Micro, small- and medium-sized enterprises (MSMEs) continue to play an important role in supporting the Kingdom’s economic growth, with stakeholder engagement required in tackling certain challenges, Ministry of Industry and Handicraft official Chhea Layhy said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/event-tackles-msme-sectors-woes

GIZ fund of $4.5M to reinforce Kingdom’s SMEs

German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) will provide $4.5 million in aid to promote a small- and medium-sized enterprise (SME) development project in four Asean countries, including Cambodia. In Cambodia, Ministry of Industry and Handicrafts undersecretary of state Son Seng Huot ...

Thou Vireak
https://www.phnompenhpost.com/business/giz-fund-45m-reinforce-kingdoms-smes

ADB continues its support of Kingdom’s financial inclusion

The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-continues-its-support-kingdoms-financial-inclusion

Ministry: SMEs vital to economy, but 95% not registered

Small and Medium Enterprises (SMEs) are key factors in the Kingdom’s industrial sector growth, but around 95 per cent of Cambodia’s SMEs have not been properly registered, the Ministry of Industry and Handicraft said on Friday. ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-smes-vital-economy-95-not-registered

Chinese-owned shops are on the rise in central Phnom Penh

Informal businesses owned by Chinese nationals are on the rise in central Phnom Penh, especially in Tonle Bassac commune, surrounding Koh Pich. Such businesses have sprung up notably in Central Market, Orussey Market, Sovanna Shopping Mall, Rattana Plaza, as well as Kakab commune across from Phnom ...

Hin Pisei
https://www.phnompenhpost.com/business/chinese-owned-shops-are-rise-central-phnom-penh

Experts call for faster, cheaper business registration process

To encourage more young people to become entrepreneurs, the government must prioritise improving the process of starting and registering a business, reducing capital requirements, and expanding access to finance, experts said last week. ...

Sok Chan
https://www.khmertimeskh.com/50562154/experts-call-for-faster-cheaper-business-registration-process/

Chinese investment in Cambodia to diversify into SME finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...

Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/

CPS urges tax breaks for SMEs

The Centre for Policy Studies yesterday urged the government to consider reducing tax on some imported agriculture equipment to support farmers and increase the rate of modernisation. CPS director Chan Sophal said during a Cross Talk discussion with Khmer Times yesterday that recently the agriculture ...

Pech Sotheary
https://www.khmertimeskh.com/50550677/cps-urges-tax-breaks-for-smes/

Register now or miss out on tax breaks, ministry says

Government officials and private sector leaders on Friday reiterated their calls for all small and medium-sized enterprises to join the regulatory fold. Public officials and representatives of employers’ organisations assured business owners that the recently announced tax incentives are not a “trap” and that registering ...

Sok Chan
https://www.khmertimeskh.com/50549752/register-now-or-miss-out-on-tax-breaks-ministry-says/

SMEs set to boost the Kingdom’s economy

More than 100 local small and medium enterprises (SMEs) were registered during the first three quarters of this year, and officials expect the government’s tax incentive policy for SMEs to boost growth, said a Ministry of Industry and Handicraft report. The SMEs – 105 of ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/smes-set-boost-kingdoms-economy

Worldbridge to open first SME industrial park

The first industrial park for small and medium enterprises in the Kingdom will open this October in Kandal province, just 12 kilometres from the centre of Phnom Penh. The SME Eco Park, referred to also as SME Cluster Zone by the developer, is located on ...

Sok Chan
https://www.khmertimeskh.com/50505212/worldbridge-to-open-first-sme-industrial-park/

Fasmec brings in website for SMEs

Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...

Hor Kimsay
https://www.phnompenhpost.com/business/fasmec-brings-website-smes

Tax cuts promised for SMEs that register with GDT

In order to bring more businesses into the regulatory fold, the government has promised attractive new incentives for companies that register before December, including a two-year break on tax revenue. ...

Sok Chan
https://www.khmertimeskh.com/50487285/tax-cuts-promised-for-smes-that-register-with-gdt/

Kingdom’s list of certifications grows to 868

The Institute of Standards of Cambodia developed 63 new standards last year, bringing the total number of certifications available from the government to 868, though one industry representative said the system still needed improvement in order to facilitate exports. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/kingdoms-list-certifications-grows-868

CSX aims to boost awareness with deal

The Cambodia Securities Exchange (CSX) signed a partnership agreement with a business development company on Monday in an attempt to increase awareness about the country’s stock market among entrepreneurs. ...

Hor Kimsay
http://www.phnompenhpost.com/business/csx-aims-boost-awareness-deal

UN-backed sustainable fellowship announced

Co-working space Impact Hub, in collaboration with the United Nations Development Programme (UNDP), has launched a new Sustainable Development Goal Fellowship intended to assist entrepreneurs in cultivating innovative and sustainable projects. ...

Post Staff
http://www.phnompenhpost.com/business/un-backed-sustainable-fellowship-announced

Agriculture Ministry to request lower electricity costs for farmers

Agriculture Minister Veng Sokhon said he would ask Prime Minister Hun Sen to take action to help farmers compete against neighbouring countries, including further measures to address high electricity costs, as the sector mapped out its challenges for the year at a ministry-led forum in ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/agriculture-ministry-request-lower-electricity-costs-farmers

Outpost Cambodia launches startup sponsorship competition

The co-working and co-living space Outpost Cambodia announced details of a startup competition today that will offer a winning company free 24/7 access to a desk for up to six people for six months in its workspace on Phnom Penh’s Chroy Changvar peninsula, four specialised consultations with ...

Euan Black
http://sea-globe.com/outpost-cambodia/

Industrial development plan to boost economy is ‘90%’ on track​

An ambitous 10-year plan to boost the country’s industrial development is “90 percent” on track and has earned the approval of Prime Minister Hun Sen, government representatives said yesterday.​ ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/industrial-development-plan-boost-economy-90-track

Hun Sen vows to launch new bank for SMEs

Prime Minister Hun Sen yesterday pledged to start a new bank with an initial capital of $100 million to provide financing for small and medium enterprises (SMEs), with industry players saying its success hinged on whether concessional or low interest rates could be provided to ...

Hor Kimsay
http://www.phnompenhpost.com/business/hun-sen-vows-launch-new-bank-smes

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