Economy and commerce
Small and medium enterprises SME
Federation sees opening on digital path
Cambodia’s young, tech-enthusiastic population is a gateway to accessing the global market digitally, according to the ICT Federation of Cambodia, with its president – Steven Path – estimating that the information and communication technology sector is already nearing about $1 billion in sales. ...
Sum Manet
http://www.khmertimeskh.com/news/24307/federation-sees-opening-on-digital-path/
Stronger SMEs ‘needed to draw investors’
Building the capacity for Small and Medium Sized Enterprises (SMEs) is vital to attracting investors from the EU, where there is a strong appetite for putting money into Cambodia, a senior government official said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/23285/stronger-smes----needed-to-draw-investors---/
Tourism a key revenue generator for SMEs
Cambodia’s small- and medium-sized enterprises (SMEs) earned $1.9 billion in revenue last year from the tourism sector, and could increase this amount further by reducing imports, an industry spokesman said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-key-revenue-generator-smes
IFC offers Acleda Bank $50M for SME lending
The International Finance Corporation (IFC) will provide a $50 million syndicated loan to Acleda Bank to boost lending to small and medium enterprises, of which at least half will support women-owned enterprises, it said yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/ifc-offers-acleda-bank-50m-sme-lending
Bourse urges small firms to consider listing
In September, the Cambodia Securities Exchange (CSX) announced a new initiative to improve access to financing for cash-strapped small and medium-sized enterprises (SMEs). ...
Tej Parikh
https://www.cambodiadaily.com/news/bourse-urges-small-firms-to-consider-listing-108559/
SME federation wants its own SEZ
The Federation of Associations for Small and Medium Enterprises of Cambodia is planning to propose that the government set up special economic zone (SEZ) for small and medium-sized sized enterprises (SMEs) so that they can work in clusters, saying this will enhance their productivity, increase ...
Sok Chan
http://www.khmertimeskh.com/news/21157/sme-federation-wants-its-own-sez/
Price wars to subvert gains made by SMEs
Cambodian entrepreneurs and business leaders on Saturday stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/price-wars-subvert-gains-made-smes
Thitikorn to open two branches in Cambodia
Listed hire-purchase company Thitikorn plans to open two branches in Cambodia next year, after being in the market for one year and finding huge opportunity and high demand for motorcycle lending there, managing director Prathama Phornprapha said yesterday. ...
The Nation News Staff
http://www.nationmultimedia.com/business/Thitikorn-to-open-two-branches-in-Cambodia-30275540.html
Small businesses help Cambodia’s growth, entrepreneur says
In recent years, Cambodia has seen a surging number of small and medium-sized businesses, driven by young entrepreneurs. As of 2011, there are estimated 530,000 SMEs in Cambodia, but many lack access to capital to build strong and innovative businesses. ...
Ten Soksreinith
http://www.voacambodia.com/content/small-business-help-cambodia-growth-entrepreneur-says/3105535.html
Local SMEs keen to replace Thai, Vietnamese imports
Cambodian businesses are joining forces in an attempt to increase production and reduce the country’s dependence on imports. The Federation of Association for Small and Medium Enterprises of Cambodia, the Ministry of Industry and Handicraft, and the Cambodia Chamber of Commerce plan to encourage small ...
Sok Chan
http://www.khmertimeskh.com/news/18174/local-smes-keen-to-replace-thai--vietnamese-imports/
Tycoon reelected president of two chambers of commerce
Kith Meng, chairman of the Royal Group, was reelected president of the Cambodia Chamber of Commerce yesterday in a landslide vote at its Phnom Penh office. The tycoon, whose interests span television, banking, telecoms and property, was also reelected president of the Phnom Penh Chamber ...
Sok Chan
http://www.khmertimeskh.com/news/18177/tycoon-reelected-president-of-two-chambers-of-commerce/
Rice forum aims to strengthen value chain
The Cambodia Rice Federation (CRF) and the Association for SMEs of Cambodia will jointly hold the fifth Cambodia Rice Forum to discuss the future of the country’s rice industry with major stakeholders. ...
Sum Manet
http://www.khmertimeskh.com/news/17865/rice-forum-aims-to-strengthen-value-chain/
OPIC plans more investment in Cambodian MFIs
A US government finance institution plans to inject more capital into Cambodia’s businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...
Sok Chan
http://www.khmertimeskh.com/news/17866/opic-plans-more-investment-in-cambodian-mfis/
Burger King to expand realm
Having established a foothold in the capital, Burger King is pushing into Cambodia’s provinces and will launch its first branch in Siem Reap next month, a company official said yesterday.In all, the US fast-food giant plans to open four branches outside the capital by the ...
Ayanna Runcie
http://www.phnompenhpost.com/business/burger-king-expand-realm
New bourse rules to lure SMEs
Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...
Sor Chandara and Ananth Baliga
http://www.phnompenhpost.com/business/new-bourse-rules-lure-smes
Exchange to add three more firms, open board for SMEs
The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...
Pav Suy
http://www.khmertimeskh.com/news/15672/exchange-to-add-three-more-firms--open-board-for-smes/
Tech company looks to expand reach beyond Cambodia
Comprehensive startup models are still small in Cambodia, even though there is growing interest circulating among young entrepreneurs. But one tech startup, Codingate, is ready to make a move to bring Cambodia’s IT service to the next level. ...
Ten Soksreinith
http://www.voacambodia.com/content/tech-company-looks-to-expand-reach-beyond-cambodia/2947073.html
SMEs urged to register at Taxation Department
Cambodia’s small- and medium-size enterprises should formalise their accounts and register with the Taxation Department to avoid the risk of unpredictable tax collection in the future, industry insiders said at a tax seminar in Phnom Penh yesterday. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/smes-urged-register-taxation-department
New business prize
The Cambodian Chamber of Commerce launched its “Cambodia Quality Award” yesterday, a prize given to business excellence among small- to medium-size enterprises. ...
Xueying Chen
http://www.phnompenhpost.com/post-weekend/new-business-prize
SME board possible this year
Market regulator Securities and Exchanges Commission of Cambodia and Cambodia Securities Exchange are looking at reducing some of the current initial public offering requirements, as a way to attract more small- and medium-size businesses to list on the flagging exchange. ...
May Kunmakara
http://www.phnompenhpost.com/business/sme-board-possible-year
SMEs' blueprint for success in Cambodia
A GOOD media planning strategy is essential for small and medium-sized enterprises from Thailand to break into Cambodia, a marketing guru told a recent seminar. Somphob Ritthikulprasert, executive adviser at ARS Chemical (Thailand), said to tap into Cambodia’s growing consumer market, Thai SMEs should learn how ...
Watchidranont Thongtep
http://www.nationmultimedia.com/business/SMEs-blueprint-for-success-in-Cambodia-30263300.html
ACU guidelines short on details
Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...
Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details
Lack of sweet deals turning Cambodia’s palm sugar industry sour
There is a growing demand for palm sugar in the marketplace. But producers are unhappy that they have not been paid fair prices by middlemen. The fair price for a kilo of raw palm sugar varies from US$0.41 to US$0.70. But the producers get much ...
Tan Ju-Eng
http://bit.ly/1IL9QKU
Food safety law being drafted by government
The government is drafting a new food safety law in an effort to better protect consumers, a Health Ministry spokesman Friday. ...
Kang Sothear
https://www.cambodiadaily.com/news/food-safety-law-being-drafted-by-government-80503/