Economy and commerce

Small and medium enterprises SME

CDC to simplify business registration to lure investment

The Council for the Development of Cambodia (CDC) is in the process of improving the ease of doing business in Cambodia aimed at attracting foreign investment as companies are likely to switch locations amid trade war pressure, said Sun Chanthol, Deputy Prime Minister and First ...

Chea Vanyuth
https://www.khmertimeskh.com/501635801/cdc-to-simplify-business-registration-to-lure-investment/

Govt financing boosts rice production to 13 million tonnes

The Royal Government’s financing to stabilize agricultural prices and support farmers’ livelihoods has been highly effective, increasing rice production from 9 million tonnes in 2016 to over 13 million tonnes in 2024, according to Kao Thach, the Royal Government Delegate in Charge and CEO of ...

Sum Manet
https://www.khmertimeskh.com/501635205/govt-financing-boosts-rice-production-to-13-million-tonnes/

Ministry of Post warns about AI-driven online scam

The Ministry of Post and Telecommunications has raised an alert about the rampant use of artificial intelligence (AI) in online scams, highlighting the growing global concern surrounding cyber fraud. ...

Hang Punreay
https://www.khmertimeskh.com/501634560/ministry-of-post-warns-about-ai-driven-online-scam/

Agricultural products see remarkable surge in exports

Cambodia saw a significant surge in the export of potential agricultural products in 2024, an official report from the Ministry of Commerce showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501633884/agricultural-products-see-remarkable-surge-in-exports/

Small business loans on rise as economy gains momentum

Cambodia’s small business sector is showing renewed signs of recovery, with small business loan applications increasing by 5.7% in the fourth quarter of 2024, according to the latest report from Credit Bureau Cambodia (CBC). ...

Hong Raksmey
https://www.phnompenhpost.com/business/small-business-loans-on-rise-as-economy-gains-momentum

Philippines Women’s Business Council keen to invest in Cambodia

Prime Minister Hun Manet yesterday lauded the role of women in the business sector, saying the country’s socio-economic development can only advance with their active participation in multiple sectors to ensure and foster the drive of national economic growth. ...

Mom Kunthea
https://www.khmertimeskh.com/501627924/philippines-womens-business-council-keen-to-invest-in-cambodia/#google_vignette

Campaign to register informal economy workers launched

Ministry of Industry, Science, Technology and Innovation (MISTI) and Phnom Penh Municipal Hall Monday organized a ‘Campaign to promote and register informal economic workers’ to enhance participation in supply chains, create added value in national economic activities and reduce poverty and social inequality.   ...

Mom Kunthea
https://www.khmertimeskh.com/501627251/campaign-to-register-informal-economy-workers-launched/

Phnom Penh’s informal economy on​​boarding campaign paves path for national expansion

The Coordinating Committee on Informal Economy Development (CCIED), in collaboration with the Phnom Penh Municipal Administration, co-organise an outreach campaign with 1,500 members of Phnom Penh’s informal economy on January 20.​ ...

Khmer Times Staff
https://shorturl.at/ZfLWk

CCIED to set up M&E framework for informal economy

The Coordinating Committee for Informal Economy Development (CCIED), in collaboration with the UNDP, ILO, and the Cambodia-Australia Partnership for Resilient Economic Development (CAPRED), Monday organized a consultation workshop to establish a Monitoring and Evaluation (M&E) Framework for the National Strategy for Informal Economy Development 2023-2028. ...

Sum Manet
https://shorturl.at/dktl5

Govt urges MSMEs to register for access to support programs

The Royal Government through the Ministry of Industry, Technology, Science, and Innovation (MITSI) has encouraged micro, small, and medium-sized enterprises (MSMEs) to formally register with relevant authorities to access the government’s support program.​   ...

Chea Vanyuth
https://www.khmertimeskh.com/501618277/govt-urges-msmes-to-register-for-access-to-support-programs/

Cashew nut exports surge to 850,000 tonnes in 2024

Despite strong export growth and a $1.15 billion revenue increase, Vietnam remains the largest market for exporting raw cashew nuts; this is due to challenges in domestic processing and infrastructure, particularly drying fields, that can hinder Cambodia’s potential to become a global leader in the ...

Thang Sinorn
https://kiripost.com/stories/cashew-nut-exports-surge-to-850000-tonnes-in-2024?fbclid=IwZXh0bgNhZW0CMTEAAR1x58xaPcp_cHqaDoQnslstaeZp4sG3iJcMnrKnAX087z_BSvvBvU_F9z8_aem_C85xlJrvIKpTaYCWeMjXgw

EIS platform supports seven growing SMEs in 2024

In an ongoing bid to nurture Cambodian small to medium sized enterprises (SMEs) transitioning into larger organizations, the Entrepreneur Investment Support (EIS) platform, a pilot program under the Enhancing Entrepreneurial Ecosystem and Investments (3Ei) initiative co-financed by the Swiss Agency for Development and Cooperation (SDC), ...

James Whitehead
https://www.khmertimeskh.com/501607425/eis-platform-supports-seven-growing-smes-in-2024/

Digital onboarding soon for SMEs to enter formal sector

The Cambodian government is set to launch a digital onboarding platform next week to promote the transition of small and medium enterprises (SMEs) in the informal sector to the formal economy, Hem Vanndy, Minister of Industry, Science, Technology and Innovation said on Tuesday. ...

https://www.khmertimeskh.com/501606797/digital-onboarding-soon-for-smes-to-enter-formal-sector/

NBC chief urges SMEs to adopt digital tools

Chea Serey, Governor of the National Bank of Cambodia (NBC), on Thursday urged the owners of small and medium enterprises (SMEs) to adopt digital tools to expand their financial and market access. ...

Nhean Chamrong
https://www.khmertimeskh.com/501589326/nbc-chief-urges-smes-to-adopt-digital-tools/

Spike in small business loan demand in Q3

Recent reports from the Credit Bureau Cambodia (CBC) present a mixed picture of Cambodia’s credit market in Q3 2024, which ended September 30, 2024. ...

James Whitehead
https://www.khmertimeskh.com/501583838/spike-in-small-business-loan-demand-in-q3/

MISTI collects private sector inputs to strengthen MSME in industry 4.0

The Ministry of Industry, Science, Technology and Innovation (MISTI) organised a consultation workshop on “Business Skills Requirements in the Age of Industry 4.0,” on Wednesday. .. ...

Khmer Times Staff
https://www.khmertimeskh.com/501566127/misti-collects-private-sector-inputs-to-strengthen-msme-in-industry-4-0/

Tax exemption for small businesses

Prime Minister Hun Manet has unveiled plans to scrap taxes for small businesses earning less than 250 million riels, with calls being made to implement the measure and ensure businesses understand it. ...

Kuch sikol
https://kiripost.com/stories/tax-exemption-for-small-businesses

PM says no tax for biz with annual income below KHR 250M

Micro enterprises with an annual turnover of less than 250 million riels will not be taxed, Prime Minister Hun Manet assured on Thursday evening during his special statement on the ‘One-Year Achievements of the Royal Government of the 7th Legislature of the National Assembly’ that ...

Manoj Mathew
https://www.khmertimeskh.com/501547280/pm-says-no-tax-for-biz-with-annual-income-below-khr-250m/

Cambodia urges ASEAN to expand access to vocational training

Cambodia has called for ASEAN to establish a regional education and skills development framework tailored for the future labour force, with a particular focus on expanding access to technical and vocational education and training (TVET). ...

Ry Sochan
https://www.phnompenhpost.com/national/cambodia-urges-asean-to-expand-access-to-vocational-training

Cambodia, Australia launch digital platform for business registration

The Cambodian and Australian governments have jointly launched the first phase of a digital registration and licensing portal for small and medium enterprises (SMEs), handicrafts and industrial factories. ...

Ben Sokhean
https://www.khmertimeskh.com/501515124/cambodia-australia-launch-digital-platform-for-business-registration/

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