Economy and commerce

Small and medium enterprises SME

E-payments to save MSMEs on costs: NBC

Digitising payments could bring substantial cost savings for micro-, small-, and medium-sized enterprises (MSME), not only by simplifying cash management processes but also reducing potential opportunities for misappropriation or corruption, according to the central bank chief. ...

May Kunmakara
https://www.phnompenhpost.com/business/e-payments-save-msmes-costs-nbc

ACLEDA scoops award for aiding Cambodian SMEs

ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...

Kiripost staff writers
https://kiripost.com/stories/acleda-scoops-award-for-aiding-cambodian-smes

Global Finance Forum aims to support Cambodia’s SMEs

Cambodia is hosting the Global SME Finance Forum, where more than 400 delegates from 60 countries gathered to learn and share ways to create an enabling environment to support SMEs and financial inclusion as Cambodian finance specialists say access to financing remains a major challenge ...

Thai Sothea
https://kiripost.com/stories/global-finance-forum-aims-to-support-cambodias-smes

Khmer Enterprise launches second cohort of EMDG to provide further benefits to SMEs

Khmer Enterprise, a unit under the Ministry of Economy and Finance, has recently launched the second cohort of its Export Market Development Grant (EMDG) programme to provide further benefit to the small and medium sized enterprises. ...

Khmer Times Staff
https://www.khmertimeskh.com/501137817/khmer-enterprise-launches-second-cohort-of-emdg-to-provide-further-benefits-to-smes/

MoU signed to strengthen Cambodia’s SME sector

The European Chamber of Commerce and Cambodia Women Entrepreneurs Association (CWEA) have united to promote a sustainable ecosystem for entrepreneurs and SMEs while also boosting Cambodia’s exposure as a foreign investment destination. ...

Mao Sreypich
https://kiripost.com/stories/mou-signed-to-strengthen-cambodias-sme-sector

MEF calling for loans to SMEs with no collateral

The Ministry of Economy and Finance (MEF) and Credit Guarantee Corporation of Cambodia Plc (CGCC) are encouraging banks and microfinance institutions (MFI) to use credit guarantee mechanisms to boost financial inclusion and help expand small- and medium-sized enterprises (SME) by issuing loans to businesses that ...

Hom Phanet
https://www.phnompenhpost.com/business/mef-calling-loans-smes-no-collateral

Cambodia’s SMEs battle string of challenges

The Director General of the National Bank of Cambodia, Chea Serey, said on Thursday that Cambodian SMEs face a number of challenges that range from a lack of human resources and market capitalization, to access to credit. ...

Mao Sreypich
https://kiripost.com/stories/cambodias-smes-battle-string-of-challenges

Cambodia’s SMEs battle string of challenges

The Director General of the National Bank of Cambodia, Chea Serey, said on Thursday that Cambodian SMEs face a number of challenges that range from a lack of human resources and market capitalization, to access to credit. ...

Mao Sreypich
https://kiripost.com/stories/cambodias-smes-battle-string-of-challenges

CCC workshop tackles export issues for domestic SMEs

The Cambodia Chamber of Commerce (CCC) on July 8 advised owners of local small- and medium-sized enterprises (SME) to understand and follow the legal procedures for export to streamline the process and reduce compliance issues. ...

Hom Phanet
https://www.phnompenhpost.com/business/ccc-workshop-tackles-export-issues-domestic-smes

Over 1,834 SMEs benefit from $221 million loans

The SME Bank of Cambodia has said 1,834 small and medium-sized enterprises (SME) benefitted from loans under the phase II financing scheme as of May 31 this year, which involved $221 million – about 92 percent of the total funding budget of $240 million. ...

Sok Sithika
https://www.khmertimeskh.com/501089865/over-1834-smes-benefit-from-221-million-loans/

Cambodia’s MSME sector faces $3.7 billion funding shortage

The Micro, Small and Medium Entreprises (MSME) sector in Cambodia faces a funding shortage to the tune of $3.7 billion, said Tommy Boukhris, Asian Venture Philanthropy Network (AVPN) Cambodia Advisor and Senior Consultant & Portfolio Manager, EMC. ...

Manoj Mathew
https://www.khmertimeskh.com/501080862/cambodias-msme-sector-faces-3-7-billion-funding-shortage/

DPM Sokhon receives Malaysian SME business delegation

Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation, received a Malaysian business delegation, comprising 50 SME sectoral players to visit and participate in a business forum in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501065353/dpm-sokhon-receives-malaysian-sme-business-delegation/

Cambodia launches 1st B2B2C e-commerce platform

Cambodia on Thursday launched the country’s first business-to-business-to-customer (B2B2C) e-commerce platform, aiming to help small and medium-sized enterprises (SMEs) sell their products to potential clients, said Commerce Minister Pan Sorasak. ...

Khmer Times Staff
https://www.khmertimeskh.com/501050763/cambodia-launches-1st-b2b2c-e-commerce-platform/

Country aims to open financing frontiers for women entrepreneurs

Cambodia aims to boost financial inclusion for women entrepreneurs through Credit Guarantee Corporation of Cambodia Plc (CGCC) and support for women-led micro, small- and medium-sized enterprises (MSME) as part of broader efforts to bridge financing gaps for businesswomen and underpin Covid-19 economic recovery plans.   ...

Hom Phanet
https://www.phnompenhpost.com/business/country-aims-open-financing-frontiers-women-entrepreneurs

RCEP set to boost Cambodia exports by 9-18% yearly

The Regional Comprehensive Economic Partnership will boost Cambodia’s export by 9.4 percent to 18 percent yearly, contributing to up to 3 percent annual economic growth. ...

Chea Vanyuth
https://www.khmertimeskh.com/501041189/rcep-set-to-boost-cambodia-exports-by-9-18-yearly/

Cambodia to support SMEs and the agriculture sector

Cambodian government’s special emergency loan scheme worth $100mn to aid SMEs and the agriculture sector in an aim to resuscitate the economy ...

Khmer Times Staff
https://www.khmertimeskh.com/501029437/cambodia-to-support-smes-and-the-agriculture-sector/

Gov’t allocates $100M to prop up SMEs

The Ministry of Economy and Finance on February 14 allocated $100 million to two state-owned banks to provide additional support to small- and medium-sized enterprises (SME), and the agriculture and agro-industry sectors.   ...

Nov Sivutha
https://www.phnompenhpost.com/business/govt-allocates-100m-prop-smes

More $100 million added to support SMEs and agriculture sector

The government has allocated $100 million to support small and medium enterprises, agriculture and agro-industry sector enabling them to make their business recover from the pandemic-stricken period. ...

Chea Vanyuth
https://www.khmertimeskh.com/501025171/more-100-million-added-to-support-smes-and-agriculture-sector/

‘Digital link’ between post, customs launched

Swisscontact, on behalf of the World Trade Organisation’s (WTO) Global Alliance for Trade Facilitation (GATF), on February 8 launched a new e-trade portal project in partnership with two Cambodian government institutions – the General Department of Customs and Excise (GDCE) and Cambodia Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/digital-link-between-post-customs-launched

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