Category: 2023

Contribution aims to bolster socio-economic growth, enhance community well-being, and improve access to education and healthcare through strategic investment in critical infrastructure

PHNOM PENH, Cambodia, 18 September 2024 — Neak Oknha Chen Zhi, Chairman of Prince Holding Group, through Prince Foundation, has donated $1 million to Cambodia’s newly established “Foundation for Border Infrastructure Development” fund, reaffirming Prince Foundation’s mission of empowering communities and advancing Cambodia’s development. This contribution underscores the foundation’s commitment to promoting education, community well-being and healthcare access in underserved areas by addressing critical infrastructure needs at Cambodia’s borders.

Through this donation, Prince Foundation supports national socio-economic growth and emphasizes its holistic approach to community development. By improving these infrastructures, the foundation is committed to bridge the gaps in education. This is achieved through improving access to schools in remote areas, enhancing healthcare services through better connectivity and fostering economic opportunities that uplift border communities.

The fund, initiated by Cambodian Prime Minister Hun Manet, focuses on developing key infrastructure along Cambodia’s borders, particularly the construction of a strategic border ring road. This initiative aligns with national priorities of peace, territorial integrity and sustainable development while playing a vital role in empowering communities by ensuring they benefit from improved access to essential services and opportunities.

In a letter of appreciation, Prime Minister Hun Manet expressed gratitude to Chen for the $1 million contribution, recognizing it as a patriotic gesture that promotes national unity, peace and sovereignty. The prime minister also highlighted the far-reaching impact this investment will have on Cambodia’s border regions, driving both immediate and long-term improvements in quality of life.

“This contribution to the ‘Foundation for Border Infrastructure Development’ fund reflects our Chairman Chen Zhi’s and Prince Foundation’s long-standing commitment to building stronger, more resilient communities,” said Gabriel Tan, Chief Communications Officer for Prince Group. “By supporting Cambodia’s sustainable development and national unity, we are making a meaningful impact on the ground, guided by our mission to advance education, community outreach and healthcare access.”

With this donation, Prince Foundation continues to prioritize initiatives that promote economic prosperity, national unity and community development. The contribution is a testament to the foundation’s dedication to Cambodia’s future, ensuring that development reaches all corners of the country in a sustainable and meaningful way.

The fund has garnered widespread support from both public and private sectors, underscoring a collective effort to strengthen Cambodia’s border regions and enhance the well-being of communities across the nation.

As the philanthropic arm of Prince Holding Group, Prince Foundation remains committed to making significant contributions to national development, particularly in community empowerment, education and healthcare, ensuring that the benefits of progress and prosperity extend to every part of Cambodia, especially underserved areas.

For further enquiries of Prince Group, please contact:

Ms. Johanna Legarta
Public Relations Manager
Email: johanna.legarta@princefoundation.com

Prince Foundation Annual Report 2023: Empowering a Brighter Future for Cambodia

The Prince Foundation Annual Report 2023 showcases a year of impactful progress across education, community development, and sports in Cambodia. Guided by its mission to improve lives through sustainable and inclusive initiatives, the Foundation remains steadfast in its commitment to the United Nations Sustainable Development Goals (SDGs).

Education and youth empowerment remained central pillars of the Foundation’s work. The flagship Chen Zhi Scholarship Program expanded its reach, awarding 100 scholarships to deserving Cambodian students in 2023. These students, selected from a pool of 1,700 applicants, are now pursuing degrees in high-demand fields such as engineering, IT, communications, and international business. The Foundation complemented academic support with a series of workshops on leadership, communication, career planning, and CSR, equipping scholars with essential life and career skills. Experiential learning was also emphasized, with students engaging in cultural visits like the SOSORO Museum and community events like SkyFest.

Beyond direct support to students, the Foundation invested in inclusive education by training educators on special needs awareness, such as Autism Spectrum Disorder, and hosted workshops at major platforms like the Cambodia International Educators Conference (CIEC). These initiatives underscore Prince Foundation’s holistic approach to fostering an empowered and equitable learning environment for all.

In the area of community outreach and sports, the Foundation strengthened national pride and athletic development. Notable contributions included sponsoring the Cambodian Men’s National Volleyball Team and the Cambodian Wheelchair Basketball Team, both of which achieved regional milestones. Additionally, it facilitated international training for the Cambodian Men’s National Water Polo Team in Singapore, marking a significant step toward elevating Cambodia’s presence in international aquatic sports. Grassroots sports development was also prioritized, with efforts to build teamwork, health, and leadership among youth through local partnerships.

Prince Foundation’s work in 2023 received six local and international awards recognizing its excellence in CSR and ESG initiatives. These accolades reflect its growing influence and credibility in driving positive change in Cambodia.

The year also saw strategic partnerships flourish—with ministries, academic institutions, NGOs, and international bodies—to amplify the Foundation’s reach and effectiveness. From supporting cultural heritage efforts with the American Chamber of Commerce to facilitating public-private cooperation in education and health, the Foundation actively fostered collaborative impact.

As it looks toward 2024, Prince Foundation is committed to scaling its initiatives, expanding access to education, and exploring technology-driven solutions for youth and community development. With a deepened focus on sustainability, inclusivity, and innovation, the Foundation continues to build a resilient and empowered Cambodia.

Please access the full report here.

Trip Sponsored by Prince Foundation and Cambodia Airways to Support Cambodian Female Para-Athletes

29 March 2023, Phnom Penh – The Cambodian Women’s Wheelchair Basketball Team will be embarking on a journey to Thailand for an immersive and intensive 9-day training program from March 28th to April 5th. Supported by Prince Foundation and Cambodia Airways, the team of 16 members is traveling to the Asia Oceania Zone (AOZ) Women’s Development Camp in Suphan Buri, Thailand in preparation for the upcoming 12th ASEAN Para Games.

The program is organized by the International Wheelchair Basketball Federation, with support from the Agitos Foundation and the World Wheelchair Express Foundation. Participating nations include Bangladesh, Indonesia, Malaysia, Laos, Philippines, and Thailand, with players building their skillsets and tournament experience through intensive training and match simulations.

Senior Minister Ly Thuch, President of the Cambodia Wheelchair Basketball Federation, expressed his gratitude to Cambodia Airways and Prince Foundation. “We are incredibly thankful for the unwavering support that has enabled the team to reach their full potential. Our female athletes, who have already won gold in the 2022 ASEAN Para Games, look forward to participating in the AOZ Women’s Development Camp program and further honing our skills on the international stage,” he commented.

Gabriel Tan, head of Prince Foundation, expressed his support for the team and wished them well on their journey. “At Prince Foundation, we are dedicated to empowering people with disabilities and promoting inclusion through sports. As Cambodia prepares for the 12th ASEAN Para Games and 32nd SEA Games, we are honored to support the Cambodian women’s wheelchair basketball team in their quest for excellence,” he said.

The Cambodian Wheelchair Basketball Federation, led by H.R.H. Princess Sisowath Kanthireth (Honorary President) and Senior Minister Ly Thuch (President), is an organization dedicated to promoting wheelchair basketball and providing opportunities for athletes with disabilities. Together with the support of the International Committee of the Red Cross and Prince Foundation, the team is preparing for the 2023 ASEAN Para Games, which will take place in Cambodia this year.

Prince Foundation is the philanthropic arm of Prince Holding Group. Founded by its Chairman Neak Oknha Chen Zhi, Prince Foundation has been a keen supporter of sports development in Cambodia. In addition to their support for the Cambodia Wheelchair Basketball Federation (CWBF), the Foundation further sponsors the coach of the national volleyball team and facilitates friendly exhibition matches between Cambodia and other countries. Prince Foundation will continue to promote sports development as a force for positive impact in Cambodia.

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100 Scholarship Slots Available for 2023 Academic Year

[Phnom Penh 27, January 2023] Prince Foundation is pleased to announce that the second batch of Chen Zhi Scholarship is now open for online application. The scholarship will provide tuition fees, monthly stipend, development program and internship opportunities to 100 underprivileged students in the 2023 academic year.

Eligible students must have Cambodian nationality, have taken the 2021/2022 BacII exam, and be majoring in Royal University of Phnom Penh, National University of Management, or Institute of Technology of Cambodia.

The online application link (czs2023.com) will be available from 27 January to 10 February, 2023.

Shortlisted students will be invited for a final interview in February and the 100 successful scholars will be announced in March.

This program is part of Prince Holding Group’s vision of advancing the Kingdom’s human capital through public-private partnerships. Prince Foundation is delighted to be able to provide young Cambodians with access to quality education and professional opportunities to drive economic growth and transformation in Cambodia.

86% of students strongly felt they could better contribute to positive social or environmental initiatives

[Phnom Penh 3, January 2023] Prince Foundation, recently facilitated a series of lectures on corporate social responsibility (CSR) for eleven students at the Institute of Technology of Cambodia (ITC). The students were introduced to the principles of corporate philanthropy and sustainable development as well as the United Nations Sustainable Development Goals (SDGs), philanthropic strategies, purpose-driven mindset and impact measurement of CSR initiatives.

In a post-program survey, 86% of the attendees said they strongly felt the course helped them understand how they could contribute to a positive social or environmental impact (regardless of the means) and it helped them learn the steps involved in developing a CSR strategy.

Conducted by Ms. Hon Yan Ting, Senior CSR Manager of Prince Foundation, who has over a decade of experience in the non- profit and education sectors as well as a Master’s in Social Service Management from The University of Hong Kong, the course was attended by eight local students and three French students who are in their senior year of engineering studies at ECAM LaSalle, one of France’s leading private engineering schools.

The course comprised eleven hours of academic instruction and assignments. It featured group discussions, experiential activities, individual assignments and group presentations as students learnt how to design their own corporate CSR projects. During the final presentation, the students shared their proposals for tackling social and environmental challenges as well as concrete steps for evaluating social impact.

Prince Foundation, the philanthropic arm of Prince Holding Group, is committed to providing future professionals with access to the best available thinking in the field of CSR supporting the Kingdom’s Industry 4.0 push. The Foundation will continue to support sustainable development for Cambodia in line with its core focus on education, healthcare and community empowerment.