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Cambodian SMEs Risk Losing Out To Regional Competitors That Are More...

As international focus on Environmental, Social, and Governance (ESG) criteria intensifies, Cambodian Small and Medium-sized Enterprises (SMEs) are at risk of falling behind their regional competitors if they don't adapt quickly. Experts warn that upcoming EU legislation making ESG compliance audits mandatory could further marginalize local businesses that are not prepared. This shift from traditional Corporate Social Responsibility (CSR) activities to comprehensive ESG strategies is not just a trend but an urgent business imperative for Cambodia's SMEs.

Companies & Markets

ABA Bank Clinches Best Digital Bank in Cambodia 2023 Award from...

ABA Bank, Cambodia's largest commercial bank by key financial metrics, has been named the Best Digital Bank in Cambodia for 2023 by UK-based International Finance Magazine. This coveted award highlights ABA Bank's commitment to digital innovation and customer experience, affirming its role as a leader in transforming the country's banking sector. The recognition comes amid the bank's sustained efforts to upgrade its digital services, including its mobile app and business banking platforms, while bolstering its IT security measures.

Entrepreneurship & Leaders

Leader Talks: Martin Brisson on EuroCham Hitting $1M in Annual Revenue...

Martin Brisson, the Executive Director of EuroCham Cambodia spoke with CIR Leader Talks, shedding light on the organization's milestone of reaching $1 million in annual revenue and its strategic plans ahead. Generated from a mix of grants, membership fees, and sponsorships, this revenue enables EuroCham to broaden its advocacy and services. Brisson also highlighted the Cambodian government's growing receptiveness to the business community's concerns, such as tax audits, export certifications, and access to skilled labor, particularly amid the current economic slowdown.

Luxury & Events

AI Art Auction Celebrates Cambodia’s ‘Golden Era’ Highlighting Growth in the...

In a blend of culture, philanthropy, and cutting-edge technology, the Mekong Connoisseur Club and Cohiba Atmosphere co-hosted an exclusive art auction at Phnom Penh's historic Raffles Hotel Le Royal. The event, "Step Back in Time: An Evening of Art & Charity Celebrating Cambodia's Golden Era," featured AI artist Jérémie Montessuis and raised $2300 for Isaiah Cambodia, a charity focused on educational development for underprivileged children in the city. The occasion underscored Cambodia's growing influence in both the cultural and philanthropic sectors.

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