Logo of Phnom Penh Post newspaper Phnom Penh Post - MIME launches business award

MIME launches business award

MIME launches business award

The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards.

Ten companies will be awarded in September this year under the initiative, called the 5S Productivity Award. 5S is a Japan-based workplace organisation method – which will also be used as judging criteria – focusing on increasing efficiency and safety through methods such as “sorting”, or eliminating unnecessary processes, and “standardising”, or keeping procedures simplified.

Yea Bunna, director of the National Productivity Centre of Cambodia, said officials saw 5S as a potential mechanism to increase productivity.

Meng Saktheara, MIME’s general director of Industry, said public administration and the private sector sometimes lacked effective communication and so government officials may not know the best way to help local entrepreneurs. MIME’s award scheme will hopefully help improve on the business environment.

Improving the business environment here is important because the upcoming ASEAN Economic Community (AEC) is expected to bring in more competition to Cambodia.

Um Serivuth, a chief at the Productivity Promotion Office of the NPCC, said the award targets companies in the food manufacturing or service industries. His office will accept nominations until the middle of August, before the department will assess selected companies to pick the winners, with the top three receiving cash prizes of up to $300.

Yi Samphy, lecturer of Total Quality Management at National University of Management, said he agreed 5S strategies would help to improve the quality of products.

“Most Cambodian entrepreneurs do not know yet about the competition the AEC will bring,” he said, adding that “competition is a global trend not just for developed or less developed countries”.

MOST VIEWED

  • Cambodia’s image problem

    In opening remarks at a recent event, Secretary of State at the Ministry of Foreign Affairs and International Cooperation Luy David said information can be a double-edged sword. He told a European Institute of Asian Studies (EIAS) briefing seminar that the media has unfairly presented

  • PM Hun Sen says dangers averted

    Delivering a campaign speech from his home via Facebook Live on Thursday, caretaker Prime Minister Hun Sen said his Cambodian People’s Party (CPP) had carried the country through danger in its latest mandate. He was specifically referring to the threat of a “colour revolution”

  • A new carrier takes off in capital

    Cambodia Airways, the latest passenger airline to enter the Kingdom, launched its first domestic flight on Tuesday. Flight KR801, carrying 145 passengers, left the Phnom Penh International Airport at 9:50am and landed in Siem Reap at 10:35am in an Airbus A319. Cambodia Airways marketing and branding

  • Bumpy road for local ride apps

    Ride-hailing services seem to have grown into a dominant player in the capital’s transportation sector. Relatively unknown and little used in the Kingdom at the beginning of this year, services like PassApp, Grab and ExNet are now commonplace on Phnom Penh streets. However, the