Educational Future Through Launch Of Scholarship

 


Prince Holding Group ("Prince Group"), one of Cambodia's major corporations, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to establish a scholarship programme for Cambodian university students. Prince Group will cover the whole cost of tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at prestigious Cambodian universities, including the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Prince Group will provide more than US$2 million over a seven-year period.

Due to the critical nature of public-private partnerships, Prince Group will collaborate with the government to accomplish the goals established in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, and employment opportunities to bolster learning in three areas: sustainable real estate development; financial inclusion and the digital economy advancement in the banking and finance industries; and promotion of world-class hospitality standards to meet the local economy's future human capital needs.

Students will gain knowledge from top professionals in Cambodia through internships - Prince Group, which controls more than 80 enterprises, has a varied workforce, with 20% of employees hailing from Singapore, Malaysia, and Greater China.

His Excellency Hang Chuon Naron, Cambodia’s Minister of Education Youth and Sport, commented: “We welcome the cooperation of employers that take their role as educators seriously. Cambodia’s road to recovery will require bright young minds from all parts of the country and MoEYS, along with its partners, will remove obstacles, offer targeted guidance, ensure equitable access to education and work opportunities to ensure talented students focus on learning and acquiring skills that will be important for Cambodia’s future.”

“We are pleased to launch one of Cambodia’s largest scholarship programs sponsored by a private enterprise,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “Prince Group’s various units are excited to welcome Cambodian students into our family as we will create strong internship and management trainee programs to train, nurture and educate the leaders of tomorrow. The Chen Zhi Scholarship seeks to provide both academic and practical experience for the students, by providing both a first-rate education and exposure to an international working experience.”

Neak Oknha Chen Zhi will spearhead the scholarship. Chen Zhi Cambodia, Chairman of Prince Group, was recently named Entrepreneur of the Year among conglomerate leaders at the 2021 International Business Awards, in recognition of his business and corporate social responsibility leadership throughout the pandemic. Under Chen Zhi's leadership, Prince Group adheres to a comprehensive environmental, social, and governance (ESG) framework with the goal of having a long-term influence in Cambodia. Prince Group has created Cambodia's first independent watch school, the Prince Horology Vocational Training Center. The training centre provides Cambodian youngsters with the opportunity to master a new artisanal skill – watchmaking – and get the expertise essential to compete in both domestic and international job markets. In August of this year, Prince Group also funded a Career Preparation Program for high school students conducted by Caring for Cambodia, a recognised organisation. Prince Group will continue to look for methods to improve educational outcomes for Cambodians of all backgrounds. Read more


Comments

Post a Comment

Popular posts from this blog

Sustaining ESG Measures

Image
  COVID-19 has emphasised the critical nature of environmental, social, and governance (“ESG”) practises in businesses worldwide. However, there was talk of change even prior to the pandemic's outbreak. The Business Roundtable (a group of 181 CEOs of America's largest corporations) stated last year that businesses must "support the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. Times have changed in 2020. This year, Prince Holding Group (“PHG”), one of Cambodia's largest conglomerates, recognised this and paved the way for other businesses in the Kingdom to follow ESG principles. Since April, the Group has made several large-scale donations to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi, chairman of PHG, has been instrumental in securing the donations. For instance, in early December, Cambodia Prince ChenZhi and PHG donated U
Read more

Paving The Way For Anti-Outbreak Measures

Image
  Prince Real Estate provides daily necessities to 804 impoverished families in Chamkarmon District affected by the community outbreak on February 20. Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have responded to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak in the Kingdom by announcing plans to donate US$3 million to anti-pandemic efforts in the Kingdom. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccines. Additionally, following in the footsteps of Prince Group and Cambodia ChenZhi , Prince Real Estate, a subsidiary of Prince Group, distributed critical food supplies to 804 families in need and 234 members of the Cambodian police force in Chamkarmon District, Phnom Penh, Cambodia, which was impacted by the February 20, 2021 Covid-19 outbreak. Read about Covi
Read more

Cambodian Donations Made To Laos

Image
  Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest growing conglomerates, has donated US$1 million to the Laos government in response to Cambodian authorities' request to strengthen cooperation with Laos in fighting the pandemic. Chen Zhi Prince Group is not unfamiliar with Cambodia. He is the driving force behind the successful Cambodian Group of companies, which includes Prince Holding Group, Prince Real Estate Group, Prince Bank, Prince Huan Yu, Belt Road Capital Management, and Cambodia Airways. At the 2021 International Business Awards, the Cambodian entrepreneur was also named Entrepreneur of the Year – Conglomerates, making him the only entrepreneur honoured in a category that honours leaders running multi-industry businesses. Furthermore, he is one of three Asian leaders who were recognised for dynamic entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. Read more In an era whe
Read more