Tag Archives: Small and Medium enterprise

SMEs need to access financing

Due to the effect of the global economic slowdown, the large-scale investments in Cambodia are slowing down. It is hopeful that small and medium enterprises (SMEs) play an important role in improving economic development and creating sustainable employment and income, said Cham Prasidh, Ministry of Commerce, at the Tuesday’s meeting in Phnom Penh. The meeting … Continue reading

Cambodia advances 15 places in doing business 2009 rankings

Cambodia has moved up 15 places in Doing Business in 2009, a report published on September 10 by IFC and the World Bank, that compares the ease of doing business around the world. Cambodia’s significantly higher standing is the result of reforms that make it easier for businesses to get credit and to close a … Continue reading

SMEs key to growth

CAMBODIAN economists and trade officials have urged the government to focus on small and medium-sized entreprises rather than foreign investment to boost the economy during the global downturn. “Only small and medium-sized enterprises can be used as a tool to boost our growth,” said Kang Chandararot, director of the Cambodia Institute for Development Study. He … Continue reading

Draft law on leasing approved by council of ministries

On Friday, the Council of Ministries approved a draft law on leasing that allows small and medium-sized enterprise or SMEs to lease equipment to business that cannot afford to collateral needed to borrow money to purchase materials, according the Cambodia Daily. After the draft law passed by the National Assembly, entrepreneurs will be able to … Continue reading