Cambodia and South Korea have recently solidified their commitment to advancing the robotics industry through a memorandum of understanding (MoU). The MoU was signed between the General Department of Science, Technology & Innovation of the Ministry of Industry, Science, Technology & Innovation (MISTI) and the Korea Institute for Robot Industry Advancement (KIRIA) during Cambodia’s National…
The Ministry of Science, Technology & Innovation (MISTI) is gearing up for the much-anticipated 2nd National Day of Science, Technology, and Innovation (STI Day 2024), a pivotal event poised to significantly impact Cambodia’s SME development and technological growth. Set against the backdrop of “SMEs Go STI,” the three-day affair from March 24-26 at the Koh…
The Ministry of Labor and Vocational Training (MLVT) has launched a new online service portal, the Foreign Workers Centralized Management System (FWCMS), aimed at simplifying the process for obtaining and renewing work permits for foreign nationals in Cambodia. This digital initiative is set to revolutionize the way work permits are managed, offering a seamless and…
In the race towards technological advancements and vocational training, it is crucial not to overlook the importance of preserving traditional skills and cultures in rural areas. While AI and technology dominate discussions on skill development, the artisans in Cambodia’s villages possess unique expertise in crafting reed baskets, water hyacinth products, wooden sculptures, traditional artisan products,…
The technology sector is witnessing another leap forward with the upcoming release of Open AI’s latest innovation, Sora. This text-to-video generator holds promising prospects for Cambodian businesses across a multitude of sectors, offering a fresh avenue for content expression and marketing strategies. Nigel Miranda, Director of epenh.com, views Sora as a significant leap forward, providing…
Last year witnessed a modest rise in the number of registered small and medium-sized enterprises (SMEs) in Cambodia, with figures reaching 44,628, marking a 1.43 percent increase, as per a report from the Ministry of Industry, Science, Technology, and Innovation (MISTI). This growth in SME registrations led to the creation of 463,966 job opportunities for…
In today’s rapidly evolving global economy, the importance of upskilling, reskilling, and digitalisation cannot be overstated. For Cambodia, these transformative measures play a critical role in driving sustainable growth, enhancing competitiveness, and paving the way for a prosperous future. By capitalizing on the immense potential offered by these initiatives, Cambodia is set to position itself…
In Cambodia, the fragmented landscape of the Information and Communications Technology (ICT) sector is presenting unique opportunities for Small and Medium Enterprises (SMEs) and local business initiatives. Experts in the field of technology suggest that this diverse market structure is fostering a competitive environment conducive to innovation, better services, and more affordable pricing models. Research…
In a remarkable testament to Cambodia’s journey into the digital age, the country’s eBook market is experiencing unprecedented growth in 2024, poised to achieve a projected revenue of US$3.11 million. This dynamic sector is set to witness continuous expansion, with an anticipated annual growth rate of 1.58% from 2024 to 2027, ultimately aiming for a…
Cambodia is poised to establish itself as a prominent hub for regulated digital asset trading, offering a secure, transparent, and controlled environment for buying and selling various cryptocurrencies. The Royal Group’s Senior Manager, Thomas Schings, shared this visionary outlook during a conversation with Khmer Times, accompanied by renowned crypto expert Dave Lee, the founder of…
The Cambodian startup scene witnesses a groundbreaking evolution today with the launch of Startup LaunchPad, a pioneering initiative that promises to redefine the entrepreneurial landscape in the nation. This dynamic 2-month program, a collaborative effort between Khmer Enterprise and Reactor, a globally esteemed entrepreneurship organization, is specifically designed to empower early-stage startups in Cambodia. It…
In the rapidly evolving landscape of technology, Cambodia is not immune to the anxieties surrounding the potential displacement of jobs by artificial intelligence (AI). However, amidst these concerns, there is a ray of optimism, as experts like Niraj Gupta, a Cambodia-based fintech expert, shed light on the promising role AI can play in the Kingdom’s…
In a momentous occasion, Cambodia has entered the digital financial landscape with the launch of the Royal Group Exchange (RGX) trading platform. Serving as the country’s premier digital assets exchange, this initiative is a significant milestone for Cambodia’s financial industry. Supported by blockchain technology, the new exchange, fully owned by the Royal Group and approved…