Small and medium enterprises prepare for ASEAN
Cambodia’s small and medium enterprises (SMEs) are busily preparing for the ASEAN Economic Community’s free flow of goods in 2015 and are probably not that different from the other 10 ASEAN member states’ own SMEs. … Te Taing Por, president of the Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC), said that the ASEAN Economic Community (AEC) would be both a positive and negative influence for SMEs in Cambodia. … Keo Mom, the vice president of Phnom Penh Small and Medium Industry Association and the vice secretary-general of Chamber of Professional and Micro Enterprises of Cambodia, said that in 2015, not only her company but most Cambodian SMEs will be worried because they are family businesses and do not have enough finances to develop as well as to buy modern materials. … Meng Saktheara, general director of industry at the Ministry of Industry, Mines and Energy (MIME), said that the government has so far helped by reforming regulations to make it easier to establish an SME, and offers technology training and help in finding financial resources, Lee said. …
