The Times Australia
News From Asia

.

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.

Times Magazine

Why Social Media Marketing Matters for Businesses in Australia

Today social media is a big part of daily life. All over Australia people use Facebook, Instagram, TikTok , LinkedIn and Twitter to stay connected, share updates and find new ideas. For businesses this means a great chance to reach new customers and...

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

Data Management Isn't Just About Tech—Here’s Why It’s a Human Problem Too

Photo by Kevin Kuby Manuel O. Diaz Jr.We live in a world drowning in data. Every click, swipe, medical scan, and financial transaction generates information, so much that managing it all has become one of the biggest challenges of our digital age. Bu...

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

The Times Features

Could we one day get vaccinated against the gastro bug norovirus? Here’s where scientists are at

Norovirus is the leading cause[1] of acute gastroenteritis outbreaks worldwide. It’s responsible for roughly one in every five cases[2] of gastro annually. Sometimes dubbed ...

Does running ruin your knees? And how old is too old to start?

You’ve probably heard that running is tough on your knees – and even that it can cause long-term damage. But is this true? Running is a relatively high-impact activity. Eve...

Jetstar announces first ever Brisbane to Rarotonga flights with launch fares from just $249^ one-way

Jetstar will start operating direct flights between Brisbane and Rarotonga, the stunning capital island of the Cook Islands, in May 2026, with launch sale fares available today...

Introducing the SE 2 and Mini hair dryers from Laifen

The Mane Attractions for Professional Styling at Home Without the Price Tag Fast, flawless hair is now possible with the launch of Laifen’s two professional quality hair dryers th...

Home Gym Recovery Routines: What Pro Athletes Do After Workouts

Training is only half the equation. What you do after your workout has just as much impact on your progress, performance, and long-term health. Professional athletes know this, w...

Flipping vs. Holding: Which Investment Strategy Is Right for You?

Are you wondering whether flipping a property or holding onto it is the better investment strategy? The answer isn’t one-size-fits-all. Both strategies have distinct advantages a...