Cambodian Progress Nation

  Prince Holding Group (“Prince Group”), one of Cambodia's largest conglomerates, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to launch a scholarship programme for Cambodian university students. Prince Group, under Cambodia Chenzhi , will cover all tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at top Cambodian universities such as the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Over the course of seven years, Prince Group will contribute more than $2 million. https://en.wikipedia.org/wiki/Education_in_Cambodia Because public-private partnerships are critical, Prince Group will collaborate with the government to achieve the goals outlined in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, and job opportunities to help them learn in thr

  Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, is pleased to announce that its Chairman, Neak Oknha Chen Zhi (“陈志公爵”) or Prince Chenzhi , has been named Entrepreneur of the Year – Conglomerates at the 2021 International Business Awards. Neak Oknha Chen Zhi is the only entrepreneur recognised in a category honouring leaders who run multi-industry businesses. Neak Oknha Chen Zhi is one of three Asian leaders recognised for dynamic entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. Neak Oknha Chen Zhi is one of a new wave of conglomerate leaders considering innovative approaches to business that also contribute to societal goals. https://business-future-55.webselfsite.net/blog/2021/07/13/cambodian-recognition-for-best-community-practises Furthermore, Prince Group received a Bronze Award in the Most Valuable Corporate Response (COVID-19 category), just three months after winning th

  Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, has been recognised for its commitment to responsible entrepreneurship at the Asia Responsible Enterprise Awards 2021. (AREA). Prince Group Cambodia was recognised for its high-impact work in Cambodia during the COVID-19 epidemic. This is the fifth award Prince Group has received this year, highlighting the company as a leading Asian business championing sustainable development in Cambodia and throughout the ASEAN region. AREA was founded in 2011 to identify and promote examples of green leadership, human capital investment, health promotion, social empowerment, corporate governance, circular economy leadership, and responsible business leadership. It has worked to build a community of like-minded peers so that Asia's best businesses can learn from one another, and Prince Group is the latest addition. Its objective is to promote corporate activity that is consistent with the U

  Prince Charitable Foundation, the charitable arm of Prince Holding Group (‘Prince Group'), one of Cambodia's largest and fastest growing conglomerates, has distributed care packages to 500 families in Ong village, Prey Nob district, Cambodia. The village is close to the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is set to transform the region. The gesture of goodwill occurred last week, and senior management from Canopy Sands Development, a member of Prince Group, used the opportunity to consult with local leaders to better understand the community's needs. The aid campaign at Ong Village is Prince Group's most recent environment, social, and governance (ESG) initiative. Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a mosquito net, and a Khmer Krama (traditional scarves woven in the countryside). It will be the first of many efforts to help the local community, espec

  Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest-growing conglomerates, and Chairman Neak Oknha Chen Zhi have announced plans to donate US$3 million to anti-pandemic efforts in the Kingdom in response to the Cambodian government's request for assistance in combating the Covid-19 outbreak on February 20, 2021. This follows Chen Zhi's original donation of US$3 million in December to assist Cambodia in purchasing COVID-19 vaccinations. Furthermore, Prince Real Estate, a member of Prince Group, has distributed vital food supplies to 804 families in need and 234 members of the police force in Chamkarmon District, Phnom Penh, Cambodia, affected by the February 20, 2021 Covid-19 outbreak, following in the footsteps of Prince Group and Cambodia Prince ChenZhi . While the Cambodian government has provided exceptional assistance, totaling $1.16 billion and accounting for 5% of GDP so far, Prince Group recognises that private businesses must also play a c

  The relevance of environmental, social, and governance (ESG) practises at enterprises around the world has been highlighted during COVID-19. However, even before the pandemic, there was talk of reform. Last year, the Business Roundtable (a group comprising 181 CEOs of America's major corporations) stated that companies must "support the communities in which they operate," reversing American economist Milton Friedman's long-held belief in wealth maximisation for shareholders. Times have changed in 2020. This year, Prince Holding Group (“PHG”), one of Cambodia's major conglomerates, realised this and paved the way for other enterprises in the country to follow ESG principles. Since April, the Group has given a number of major gifts to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi (陈志公爵) was the main force behind the donations. Chen Zhi and PHG, for example, donated US$3 million to Prime Minister Hun Sen in early December to help