Economy and commerce
Small and medium enterprises SME
SME Bank expected to help boost local production
The State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. ...
Khmer Times Staff
https://www.khmertimeskh.com/50721318/sme-bank-expected-to-help-boost-local-production/
SME Bank ‘must relax its criteria for loans’
THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...
Sok Chan
https://www.khmertimeskh.com/50720985/sme-bank-must-relax-its-criteria-for-loans/
Agriprocessors urged to take out loans and expand work
The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...
Chea Vannak
https://www.khmertimeskh.com/50720250/agriprocessors-urged-to-take-out-loans-and-expand-work/
No loans from $100 million financing scheme
The government’s new $100 million Small and Medium Enterprise Co-Financing Scheme has yet to approve any applications, receiving only some ínquiries pending approval, according to a bank representative. ...
Sok Chan
https://www.khmertimeskh.com/50719826/no-loans-from-100-million-financing-scheme/
SMEs urged to register with the new specialised bank
The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...
Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/
ARDB loans: More SMEs apply
Seven small and medium-sized enterprises (SMEs) have applied for $200,000 loans from the state-owned Agricultural and Rural Development Bank (ARDB), after it announced the launch of a $50 million fund for SMEs last month. ...
Thou Vireak
https://www.phnompenhpost.com/business/ardb-loans-more-smes-apply
‘SME Development Policy’ drafted for approval
A draft development policy for Small and Medium Enterprise (SME) and a new SME definition has been sent to the Ministry of Economy and Finance’s Economic and Financial Policy Committee (EFPC) for review and approval, according to a senior official. ...
Sok Chan
https://www.khmertimeskh.com/50716393/sme-development-policy-drafted-for-approval/
Gov’t disburses $50 million through Agricultural and Rural Development Bank
The government has disbursed $50 million through the Rural Development and Agriculture Bank (RDAB) to provide low-interest loan to small farmers and small and medium enterprises. ...
Srey Kumneth
https://www.khmertimeskh.com/50716279/govt-disburses-50-million-through-agricultural-and-rural-development-bank/
New SME bank welcomed but potential users may await the end of pandemic
Small and medium enterprises (SMEs) are expected to apply for a loan from the newly formed SME Bank of Cambodia to expand their production lines but first, they want to see the end of COVID-19, according to the vice-president of Cambodia Chamber of Commerce. ...
Khmer Times Staff
https://www.khmertimeskh.com/50710318/new-sme-bank-welcomed-but-potential-users-may-await-the-end-of-pandemic/
SME Bank officially launched
Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday. ...
Thou Vireak
https://www.phnompenhpost.com/business/sme-bank-officially-launched
Only ‘legal’ SMEs to benefit from aid package: Ministry
The $800 million to $2 billion COVID-19 stimulus package announced by Prime Minister Hun Sen last month will only be given to those businesses that are legally registered and are formally verified, the Ministry of Economy and Finance has said. ...
Harrison White
https://www.khmertimeskh.com/50708031/only-legal-smes-to-benefit-from-aid-package-ministry/
$50 million emergency fund for small and medium enterprises
The government yesterday launched a $50million special fund for small and medium Enterprise (SMEs) to boost competitiveness, productivity and daily business operations amid the impact of the pandemic Covid-19 and a 20 percent withdrawal of zero tariffs under the EU’s Everything but Arms (EBA) trade ...
Sok Chan
https://www.khmertimeskh.com/50702354/50-million-emergency-fund-for-small-and-medium-enterprises/
Call to restrict overseas imports
Small and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their domestic markets. ...
Chea Vannak
https://www.khmertimeskh.com/50701923/call-to-restrict-overseas-imports/
Cambodian firms urged to embrace e-commerce
The president of the Cambodian Investment Federation on Sunday highlighted the critical role of e-commerce in the local market as the government works to turn the Kingdom into a digital economy. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-firms-urged-embrace-e-commerce
SME Bank operation date accelerated to counter sectors economic headwinds
The state-run Small and Medium Enterprise (SME) Bank has been confirmed to bring forward their opening date to earlier this year than previously planned, stated a senior government official yesterday at the Council of Ministers. ...
Chea Vannak
https://www.khmertimeskh.com/50698611/sme-bank-operation-date-accelerated-to-counter-sectors-economic-headwinds
New fund set to enhance SMEs’ access to finance
The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB). ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-china-fta-expected-november
Tax incentives offered to SMEs that register
Tax preferences have been offered to small and medium enterprises (SMEs) as incentives for encouraging informal ones to register and update business information. ...
Chea Vannak
https://www.khmertimeskh.com/50692394/tax-incentives-offered-to-smes-that-register
GIZ project to support local SMEs
German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) and the Ministry of Industry and Handicrafts met this week to explore ways of facilitating import and export activities for small and medium-sized enterprises (SMEs) as part as the Integration Support Project Asean plus Cambodia ...
Thou Vireak
https://www.phnompenhpost.com/business/giz-project-support-local-smes
Pilot project to boost e-commerce for Kingdom’s SMEs
The Ministry of Commerce has launched Go4eCam, a pilot project that aims to realise the benefit of e-commerce for the nation’s small and medium-sized enterprises (SMEs), a sector that is currently playing an important role in the country’s economic growth. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50686950/pilot-project-to-boost-e-commerce-for-kingdoms-smes
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