Economy and commerce
Small and medium enterprises SME
CATA urges SME Bank to support cruise boat businesses
Small and Medium Enterprise Bank of Cambodia Plc (SME Bank), which is currently reviewing its $50 million budget support for pandemic-hit tourism players in Siem Reap province was asked to consider providing loans to cruise boat businesses along the Tonle Sap River. ...
Nheng Chamrong
https://www.khmertimeskh.com/501416844/cata-urges-sme-bank-to-support-cruise-boat-businesses/
SME Bank, Cambodia Cashew Federation sign MoU on affordable financial schemes
The SME Bank of Cambodia and the Cambodia Cashew Federation have signed a Memorandum of Understanding to promote the cashew processing sector and boost the export of Cambodian processed cashew nuts to international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/501403273/sme-bank-cambodia-cashew-federation-sign-mou-on-affordable-financial-schemes/
Street Vendors Day calls for support
The Independent Democratic Informal Economy Association abbreviated (IDEA) and OXFAM in Cambodia on November 15 celebrated the 11th International Street Vendors Day, with the aim of promoting labour rights and calling for social protection for street vendors. ...
Chea Sokny
https://www.phnompenhpost.com/national/street-vendors-day-calls-for-support
SME Bank to allocate $50 million in funds for Siem Reap tourism boost
The allocation of funds through the Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) is expected to be a vital and timely force in supporting and reviving businesses in Siem Reap province. The move comes in response to the continued arrival of foreign ...
May Kunmakara
https://www.phnompenhpost.com/national/sme-bank-to-allocate-50-million-in-funds-for-siem-reap-tourism-boost
Campaign on “An Enterprise is a Peaceful Community” supported
Social analysts and workers unions have voiced their support for a campaign on “An Enterprise is a Peaceful Community”, which will be launched in 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501390203/campaign-on-an-enterprise-is-a-peaceful-community-supported/
ADB pledges support for Kingdom’s finance sector
Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...
Van Socheata
https://www.phnompenhpost.com/national/adb-pledges-support-kingdoms-finance-sector
UNIDO join hands with CAC to boost cashew kernel export
The United Nations Industrial Development Organisation (UNIDO) collaborated with the Cashew nut Association of Cambodia (CAC) to boost the export of cashew kernel by 12 percent by 2025 by providing technical support and management systems to the owners of the micro, small and medium enterprises ...
Nheng Chamrong
https://www.khmertimeskh.com/501373709/unido-join-hands-with-cac-to-boost-cashew-kernel-export/
SME inputs garnered before mid-Nov gov’t, private sector forum
The private sector’s Working Group C (WG-C) on “Manufacturing, Small and Medium Enterprises (SMEs) and Services” is currently collating issues from across Cambodia to draft a joint proposal that will be presented to the government for consideration during the Government-Private Sector Forum (G-PSF), scheduled for ...
Hin Pisei
https://phnompenhpost.com/business/sme-inputs-garnered-mid-nov-govt-private-sector-forum
Australia and Cambodia promote gender equality within industry and MSMEs
Australia and Cambodia have joined forces to promote gender equality across Cambodia’s industry sector and micro, small and medium enterprises (MSMEs). ...
Marissa Carruthers
https://kiripost.com/stories/australia-and-cambodia-promote-gender-equality-within-industry-and-msmes
Increased loan access for SMEs
Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...
May Kunmakara
https://www.phnompenhpost.com/business/increased-loan-access-smes
Australia partners agri-food strategy
Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...
Sok Raksa
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy
Cambodia and Australia launch food innovation partnership to support agri-food SMEs
Cambodia and Australia launched a new Food Innovation Partnership to support Cambodia’s agri-food small and medium-sized enterprises (SMEs) to develop new products, meet food safety standards, and improve their market reach. ...
Khmer Times Staff
https://www.khmertimeskh.com/501366475/cambodia-and-australia-launch-food-innovation-partnership-to-support-agri-food-smes/
Australia pledges support to Cambodia’s agri-food SMEs
Australia and Cambodia on Friday joined together to launch a Food Innovation Partnership to support Cambodia’s agri-food small- and medium-sized enterprises (SMEs) in developing new products, meeting food safety standards, and improving their market reach. ...
Yatt Malai
https://kiripost.com/stories/australia-pledges-support-to-cambodias-agri-food-smes
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Cambodia, Philippines agree on private sector growth strategy
The Cambodia Chamber of Commerce (CCC) has signed a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and Industry (PCCI), fostering collaboration in agriculture and the advancement of micro, small, and medium enterprises (MSMEs). ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-philippines-agree-private-sector-growth-strategy
Only $54M of SME Bank’s $150M tourism loans taken
Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...
Hin Pisei
https://phnompenhpost.com/business/only-54m-sme-banks-150m-tourism-loans-taken
US to scale up cyber security ties with Cambodia
The US is keen on boosting cyber security ties with the Kingdom amid the world witnessing a new set of challenges with its fast transformation into the digital economy, US Ambassador to Cambodia Patrick Murphy said while addressing the Digital Economy Forum II held at ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501348276/us-to-scale-up-cyber-security-ties-with-cambodia/
Food and beverage processing SMEs show remarkable growth
The number of small and medium enterprises (SME) in food and beverage processing saw a remarkable increase, using raw materials of agriculture to the finished products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501348064/food-and-beverage-processing-smes-show-remarkable-growth/
Access to finance for SMEs in Cambodia
Access to finance remains a key barrier to small and medium enterprise (SME) growth in Cambodia, as many of them rely on personal finance rather than bank loans, which can affect long-term commercial and financial sustainability. ...
Mao Sreypich
https://kiripost.com/stories/access-to-finance-for-smes-in-cambodia
Digital technology adoption by Cambodia’s tourism MSMEs
The current state and role of digital technology adaptation in tourism-related micro, small and medium enterprises (MSMEs) in Cambodia in 2023 have been reported by the Cambodia Development Resource Institute (CDRI), under the support of the Asia Foundation. ...
Yatt Malai
https://kiripost.com/stories/digital-technology-adoption-by-cambodia-tourism-msmes
Credit guarantees to SMEs reach nearly $140 million
The Credit Guarantee Corporation of Cambodia (CGCC) provided credit guarantees of $139.5 million to businesses for their working capital expansion as of July 2023. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346090/credit-guarantees-to-smes-reach-nearly-140-million/
Silk sector challenged by reduced capital, investment
Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...
Hin Pisei
https://www.phnompenhpost.com/business/silk-sector-challenged-reduced-capital-investment
SME Bank disburses $54M loans to tourism related biz
A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501337906/sme-bank-disburses-54m-loans-to-tourism-related-biz/
Cambodia, S’pore roll out SME-support fintech plan
Cambodia and Singapore have launched a Financial Transparency Corridor (FTC) initiative intended to provide the necessary digital infrastructure for cross-border financial services and trade between small- and medium-sized enterprises (SME) in either country. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-spore-roll-out-sme-support-fintech-plan