News

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

SMEs set to boost the Kingdom’s economy

More than 100 local small and medium enterprises (SMEs) were registered during the first three quarters of this year, and officials expect the government’s tax incentive policy for SMEs to boost growth, said a Ministry of Industry and Handicraft report. The SMEs – 105 of ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/smes-set-boost-kingdoms-economy

CDC gives nod to $3.5B in projects

The Council for Development of Cambodia (CDC) approved projects worth a total $3.5 billion in the first half of this year – a 14 per cent increase compared to the same period last year, a statement released on Saturday said. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-gives-nod-35b-projects

Tax exemption offered to SMEs

A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018.   ...

Chea Vannak
http://www.khmertimeskh.com/news/35749/tax-exemption-offered-to-smes/

New local products campaign

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) will launch its “Selling Cambodian Products” campaign throughout the country early next year to boost the sale of local products and reduce imports, the organization’s president said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/30667/new-local-products-campaign/

One province, one SME zone

Next year will be breakout year for Cambodia’s small and medium enterprises (SMEs), with specific zones being organized in each province to promote productivity, quality and regional competitiveness, the president of the SME federation said yesterday. Te Taing Por, president of the Federation of Associations ...

Sok Chan
http://www.khmertimeskh.com/news/30599/one-province--one-sme-zone/

Board of CRF seeks a double term

Just a month since their election, the leaders of the nation’s apex rice industry have cast a motion to extend their terms – a move some have greeted with suspicion. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/board-crf-seeks-double-term

Thai bilateral trade falls

Bilateral trade between Cambodia and Thailand fell by about 15 percent in the first four months of the year, compared to the same period last year, due to the Kingdom’s decreasing imports of oil, food and beverages from its neighbor. ...

Sok Chan
http://www.khmertimeskh.com/news/26325/thai-bilateral-trade-falls/

Stock exchange ready for SMEs

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...

Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/

Kingdom eyes improved food safety standard

While food safety control services and inspection systems for food products at the Industrial Laboratory Center of Cambodia (ILCC) have showed some improvements, the ILCC still lags behind Asean standards, according to Ministry of Industry and Handicraft secretary of state Sat Samy.   ...

Sok Chan
http://www.khmertimeskh.com/news/25063/kingdom-eyes-improved-food-safety-standard/

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/

Domestic production strengthens as F&B imports fall

Food and beverage imports to Cambodia have fallen over the past 12 months, marking a notable shift in domestic production and the public’s recognition of the “Made in Cambodia” brand, officials say. Cambodia spent around $223 million on food and beverage imports to supply the domestic ...

Chan Muyhong
http://www.phnompenhpost.com/domestic-production-strengthens-fb-imports-fall

Industry Handicraft Fair to feature Cambodian-made goods

Organisers expect the Industry Handicraft Fair 2013, with the theme “Excellence of Cambodia Goods and Services”, to attract about 200,000 people. The fair, to be held at the Koh Pich Exhibition Center over three days at the end of March, will have 460 booths exhibiting 100 per ...

http://www.phnompenhpost.com/2013012460961/Business/industry-handicraft-fair-to-feature-cambodian-made-goods.html

SMEs call for better loan rates

The Kingdom’s small and medium enterprises have called on commercial banks and micro-finance institutions to lower interest rates on loans, as insiders have said they hamper SMEs’ potential for growth. Many Cambodian SMEs are concerned that the high interest rates offered by banks reduce productivity, according ...

http://www.phnompenhpost.com/index.php/2011092151765/Business/smes-call-for-better-loan-rates.html

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