News

Industrial development plan to boost economy is ‘90%’ on track​

An ambitous 10-year plan to boost the country’s industrial development is “90 percent” on track and has earned the approval of Prime Minister Hun Sen, government representatives said yesterday.​ ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/industrial-development-plan-boost-economy-90-track

Standards must improve: official

Small food and beverage makers are at risk of being uncertified when the ASEAN economic community takes shape in 2015, with the vast majority far from achieving international quality and safety standards, a government official says. Him Phanith, the deputy director of National Productivity Center, said ...

Chan Muyhong
http://www.phnompenhpost.com/business/standards-must-improve-official

Aeon Insurance eyes Cambodia

Aeon Insurance Service (Thailand), the insurance broker of Aeon Thana Sinsap (Thailand), will study doing business in Cambodia as part of its synergy with Aeon Group, which is constructing its first mall in Phnom Penh. Managing director Sakarabhop Dhivarakara said yesterday that even though there were ...

http://www.nationmultimedia.com/business/Aeon-Insurance-eyes-Cambodia-30209477.html

Largest MFI Prasac gets loan boost for coffers

Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...

http://www.phnompenhpost.com/2013070166577/Business/largest-mfi-prasac-gets-loan-boost-for-coffers.html

Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy

Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...

http://asiafoundation.org/in-asia/2013/05/15/cambodias-small-businesses-serve-as-backbone-of-sustainable-economy/

More trade finance needed

A lack of trade financing – the loans and guarantees needed to support import and export transactions – for international deals within developing Asian countries such as Cambodia is restricting opportunities for growth, a survey by the Asia Development Bank (ADB) has found. Of 106 banks ...

http://www.phnompenhpost.com/2013031361906/Business/more-trade-finance-needed.html

Food, beverage imports rise

Cambodia spent about $200 million on food and beverage imports to supply the domestic market last year – an increase of more than 10 per cent from the previous year, official data from the Ministry of Commerce show. Government officials and representatives of the private sector ...

http://www.phnompenhpost.com/2013021361334/Business/food-beverage-imports-rise.html

FDI to grow small businesses in Cambodia

The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium- sized businesses, an official said yesterday. According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the ...

http://www.phnompenhpost.com/2013012260903/Business/fdi-to-grow-small-businesses-in-cambodia.html

Officials ignore call for special small and medium enterprises bank

Cambodian officials have refused to establish a specialised bank for small and medium enterprises (SMEs) despite experts saying the sector needs aid in order to compete efficiently with ASEAN economic integration in 2015. Hang Chounnaron, secretary of the Ministry of Economy and Finance said Cambodia would ...

http://www.phnompenhpost.com/index.php/2012112059836/Business/officials-ignore-call-for-special-sme-bank.html

The arrival of the ASEAN Economic Community will likely be delayed

ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...

Service sector eyes AEC's pot of gold

Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...

http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold

Neglecting to conduct good market research is hurting SMEs in Cambodia

A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...

http://www.etmcambodia.com/blog.php?article=486

SMEs look to regional buyers

Cambodia’s ASEAN Economic Minister yesterday urged small and medium-size enterprises to focus on countries in Southeast Asia, rather than Europe and the United States, for export destinations. Cham Prasidh, also the minister of commerce, said yesterday that regional markets have traditionally held a second place to ...

http://www.phnompenhpost.com/index.php/2012053056469/Business/smes-look-to-regional-buyers.html

MIME backs Kingdom SMEs

The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...

http://www.phnompenhpost.com

SMEs not yet ready for CSX

Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...

http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html

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