Prince Group secures a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response becoming the only firm in Cambodia to win in the category
[Phnom Penh, 12 May, 2021] – Prince Holding Group (“Prince Group”), one of Cambodia’s largest and fastest growing conglomerates, has emerged as a Silver winner in the eighth annual Asia-Pacific Stevie Awards (one of the most recognizable business awards globally) in the COVID-19 Corporate Response category. Prince Group was the only firm from Cambodia recognized in a category seeking to recognize excellence in COVID-19-related crisis management by Asian corporates. The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace across all 29 nations in the Asia-Pacific region. The Stevie Awards are widely considered to be the world’s premier business awards, conferring recognition for achievement in programs such as The International Business Awards® for 19 years.
“The recognition solidifies our belief that the private sector has an important role to play in contributing to global recovery. We will continue to assist the community in Cambodia as we respond to the latest wave of COVID-19 infections,” said Neak Oknha Chen Zhi (陈志公爵), Chairman of Prince Holding Group. “On that note, we have recently rolled out vaccinations for more than 3,000 employees currently employed with various member companies. Due to our comprehensive response to the pandemic, we are pleased not a single employee contracted COVID-19 so far.”
As of 7 May, Cambodia has administered 2.8 million doses covering 8.6% of the population, ranking second highest in Southeast Asia in vaccination rate, based on the latest vaccination data compiled by online portal Our World In Data. Prince Group is determined to help Cambodia bounce back at the soonest and aims to vaccinate all employees and will continue to adhere to the latest instructions by the authorities and keep its workforce updated and safe.
Other Cambodia-based entities that also received accolades included non-governmental organizations like Phare Ponleu Selpak, a Battambang-based organization, and This Life, a non-profit organization based in Siem Reap. In the category where Prince Group was recognized, a number of leading Asian companies were also commended such as Tata Consultancy Services, Link Asset Management Limited, Megaworld Corporation, Resorts World Manila, Shell Philippines and Singtel.
Gold, Silver and Bronze Stevie Award winners were determined by the average scores of more than 100 executives around the world acting as judges in March and April.
The judges recognized how Prince Holding Group realized that a once-in-a-century crisis required an equally unprecedented response to help the community in a time of dire need.
From the outset of the pandemic, Chen Zhi and Prince Group have put the health and welfare of the employees first — above all other priorities. So far, not a single employee has contracted COVID-19. Employees were allowed to work from home as necessary during certain high-risk periods, complying with local regulations. The Group’s various member companies also shared news about the latest developments promptly to assuage any concerns and to combat the spread of misinformation on social media.
On four occasions, Prince Group conducted COVID-19 tests for thousands of employees. Body temperature measurement machines were also installed at all office entrances, supermarkets, construction sites and the Prince Manor Resort to keep track of employees and customers’ body temperature.
As a result, the various member companies that are part of Prince Group were able to expand operations in Cambodia ensuring the Group remains one of the top choices for local jobseekers despite the downturn in the overall Cambodian economy.
In March this year, in view of the escalating situation caused by the rising number of COVID-19 cases in Cambodia, Chen Zhi led Prince Group in donating US$3 million to the Cambodian government’s anti-pandemic efforts. This was on the back of an initial US$3 million donated by the Group last December to help Cambodia purchase 1 million COVID-19 vaccines.
Prince Charitable Foundation, the charitable arm of Prince Group, has actively responded to calls for assistance by local government officials and has donated protective gowns to hospital workers. Meanwhile, other member companies like Prince Real Estate Group have carried out a series of measures to provide essential food to underprivileged families living in areas where there has been an outbreak of COVID-19 infections.
Following an established ESG strategy that has a three-prong focus on healthcare, education and community engagement, Prince Group will continue to build on this achievement and make a difference via ESG initiatives to benefit employees, customers, and communities, and uphold the company’s role as a responsible stakeholder in Cambodian affairs.
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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. Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia, through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.
About the Stevie® Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.
Sponsors and partners of the 2021 Asia-Pacific Stevie Awards include Adobo Magazine, PR Newswire Asia, and the Korea Business Communicators Association.
For further enquiries of Prince Holding Group, please contact:
Mr. Andrew Scott
Hill+Knowlton Strategies Asia
Ms. Ada Leung
Hill+Knowlton Strategies Asia