The Times Australia
News From Asia

.
The Times Real Estate

.

100 Young and Bright ‘Chen Zhi Scholarship’ Students Selected to Pursue Tertiary Education

Awardees expected to help Cambodia work towards achieving a sustainable future

PHNOM PENH, CAMBODIA - Media OutReach - 5 April 2022 - Prince Foundation, the philanthropic arm of Prince Holding Group, one of Cambodia's largest and fastest-growing conglomerates, announced the names of 100 young and bright Cambodian minds as the inaugural batch for the Chen Zhi Scholarship.


IMG-001.jpeg


The scholarship program is a progressive initiative under the leadership of philanthropist Chen Zhi, Chairman of Prince Holding Group, in collaboration with MoEYS. The recipients will be pursuing their education goals through reduced barriers such as limited financial circumstances in their academic journey. The scholarship will foster future talents for the sustainability of Cambodia's major sectors, such as flourishing construction in the real estate sector, advancing financial inclusion and the digital economy in the banking and finance industries, and helping to promote world-class hospitality standards meeting the future human capital needs of the local economy. In addition, this will open doors for Cambodia to raise its standard competitively in the international arena.

"We were excited to receive more than 1,500 applications submitted over three months for the inaugural batch of Chen Zhi Scholarship," said Gabriel Tan, Chief Communications Officer of Prince Holding Group. "We have now finalised a hundred top achievers across Cambodia in hopes of ensuring more talents receive a solid foundation in pursuing their dreams, to build a better future for Cambodia."

This is the first-ever large-scale scholarship offered by Prince Foundation seeking to boost young Cambodians morale since the onset of the Covid-19 pandemic. The selection process was led by MoEYS with full support from Prince Foundation members. At the beginning of February, more than 200 applicants who performed well in their baccalaureate examinations were shortlisted and interviewed. The scholarship will offer full fees and stipends for students pursuing Bachelor's degrees at top Cambodian universities, including Royal University of Phnom Penh, National University of Management, and Institute of Technology of Cambodia.

Prince Group is working to ensure the scholarship works towards achieving the goals outlined in the Education Strategic Plan (2019-2023) that has been designed to implement much-needed education, youth, and sports reforms.

"With this scholarship program, we hope to play a part to improve and elevate the education level as well as through other ESG initiatives and thought leadership activities planned out this year. We seek to empower the 100 scholars further with various work and learning opportunities should they choose to work with us," added Gabriel.

About Prince Holding Group:

Prince Holding Group is one of the largest conglomerates in Cambodia, with its various units focusing on three core areas: real estate development, financial services and consumer services.

Prince Holding Group's key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management, as well as Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 80 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors etc.

Rising foreign direct investment, free trade agreements with leading countries, and future participation in the Regional Comprehensive Economic Partnership are expected to act as key drivers for the Cambodian economy, supported by pro-industry policy initiatives by the government.

Leveraging a network of industrial, business, and financial professionals across Asia, Prince Holding Group has laid the foundation to be a vital conduit for local and international capital. The Group is firmly committed to the long-term development of Cambodia. For example, Prince Holding Group is developing , an upcoming tourism and residential project that will be one of Cambodia's first sustainable real estate projects, aiming to secure $16 billion in total investment for the region. Located conveniently within a 10-minute drive from the Sihanoukville International Airport, the project aims to contribute to economic recovery in Sihanoukville.

#PrinceHoldingGroup

The issuer is solely responsible for the content of this announcement.

The Times Features

10 Ways to Make Money Online and Provide Financial Stability

The possibility of earning money online has reached unprecedented heights. The proper strategy enables anyone to begin earning money. You don't need fancy degrees or special skil...

The Power of Exterior Design: How Facades Influence Property Value

First impressions count when it comes to real estate, and nothing quite sets the tone for a property like its exterior design. A building's facade is more than just an aesthetic ...

The Best Adjustable Bed and Mattress Packages for Comfort

The appropriate bed and mattress are essential for establishing the perfect sleep environment. If you seek a way to upgrade your sleep experience, adjustable bed and mattress pac...

Designing a Modern Home: Features That Will Make Your Dream House Stand Out

Designing your dream home is an exciting journey, and for many, it’s an opportunity to create a space that reflects their personal style, functionality needs, and modern trends. ...

Client Dinners Done Right: Tips for Meaningful Engagement

Client dinners offer more than just a meal—they’re an opportunity to build lasting business relationships in a more personal and relaxed setting. Done well, these dinners can str...

From Classic to Contemporary: 5 Timeless Costumes for Any Party

When it comes to dressing up for a costume party, you want to choose something that is not only fun but also memorable. Whether you're attending a Halloween event, a themed gathe...

Times Magazine

Top Benefits of Hiring Commercial Electricians for Your Business

When it comes to business success, there are no two ways about it: qualified professionals are critical. While many specialists are needed, commercial electricians are among the most important to have on hand. They are directly involved in upholdin...

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

Types of Software Consultants

In today's technology-driven world, businesses often seek the expertise of software consultants to navigate complex software needs. There are several types of software consultants, including solution architects, project managers, and user experienc...

CWU Assistive Tech Hub is Changing Lives: Win a Free Rollator Walker This Easter!

🌟 Mobility. Independence. Community. All in One. This Easter, the CWU Assistive Tech Hub is pleased to support the Banyule community by giving away a rollator walker. The giveaway will take place during the Macleod Village Easter Egg Hunt & Ma...

LayBy Shopping