
Chairman Chen Zhi Named Cambodia's Entrepreneur of the Year, Prince Holding Group Recognized for Scholarship Program
PHNOM PENH, CAMBODIA - Media OutReach Newswire - 26 May 2025 - Prince Holding Group's Chairman Neak Oknha Chen Zhi has been named Entrepreneur of the Year in Cambodia 2025 by the World Business Outlook Awards. Additionally, the Group's Chen Zhi Scholarship has received the Best Overall CSR Excellence in Cambodia 2025 award.This marks the third consecutive year that Chairman Chen Zhi and Prince Group have earned recognition from this global awards platform, underscoring their commitment to responsible leadership and sustainable investment in Cambodia's development.Under Chairman Chen Zhi 's leadership, Prince Group has grown into one of Cambodia's largest and most diversified conglomerates, with significant investments that have contributed to the Kingdom's economic and social development.Since its inception, the Chen Zhi Scholarship has provided full university education, mentorship and professional development opportunities to 400 Cambodian students through partnerships with the Ministry of Education, Youth and Sport and the country's leading academic institutions.Gabriel Tan, Chief Communications Officer of Prince Holding Group, said: "Chairman Chen Zhi's strategic vision and business leadership have transformed Prince Group into one of Cambodia's leading conglomerates while establishing a foundation where commercial success and community development advance together. These recognitions inspire us to strengthen our efforts to create lasting positive change in Cambodia."Prince Holding Group continues to pursue its strategic vision of fostering inclusive growth through investments and partnerships in real estate development, financial services and consumer services sectors.The World Business Outlook Awards are held annually to recognize organizations and individuals making significant contributions to economic growth, innovation and sustainable development. Winners are selected following thorough evaluation of performance, impact and alignment with global best practices.Hashtag: #ChenZhi #PrinceHoldingGroup #PrinceGroup #ChenZhiScholarship
The issuer is solely responsible for the content of this announcement.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Malay Mail
4 hours ago
- Malay Mail
VinFast Indonesia continues to expand nationwide service workshop network
Mr. Kariyanto Hardjosoemarto – CEO of VinFast Indonesia (fourth from the left) – with representatives of new service workshop partners at the MOU signing ceremony held during GIIAS 2025. JAKARTA, INDONESIA - Media OutReach Newswire - 26 July 2025During the Gaikindo Indonesia International Auto Show (GIIAS) 2025, open to the public from July 24 to August 3, VinFast signed Memoranda of Understanding (MOUs) with three new strategic partners: Nawilis, Warna Warni Ban, and Raperind. These partnerships further strengthen the Company's continuously expanding genuine service network in 9 Nawilis workshops will become VinFast's authorized genuine service centers, all classified as Level 1 workshops. Other partners, Warna Warni Ban (5 Level 1 workshops) and Raperind (5 workshops, including 2 Level 1 and 3 Level 2 workshops), also join the system, enriching VinFast's service network across third-party authorized service workshops will be clearly categorized by their scope of expertise, ensuring Indonesian customers consistently receive appropriate and professional services. Level 1 workshops are authorized to provide a full range of essential services, including maintenance, basic repairs, basic warranty handling, software updates, and diagnostic checks for VinFast Level 2 workshops will focus on core services such as periodic maintenance, basic repairs, and basic warranty services, ensuring VinFast customers receive optimal service at every touchpoint throughout their EV ownership new partners complement the list of strategic partners with whom VinFast previously finalized agreements, including Otoklix and Bengkel BOS. Otoklix has added 150 workshops to VinFast's network, comprising 41 Level 1 and 109 Level 2 workshops. Bengkel BOS has also contributed 12 Level 1 a result, VinFast has built a nationwide network of 181 authorized genuine service workshops, including a total of 69 Level 1 and 112 Level 2 Indonesian service workshops will meet VinFast's stringent standards for facilities, machinery and equipment, and personnel qualifications. These partners will also provide genuine services and parts for VinFast car owners, contributing to maximum convenience and peace of mind. Throughout the cooperation, VinFast will actively support personnel training and technical consultation to help partners rapidly expand their authorized service workshop systems, especially as VinFast's product range in Indonesia continues to grow, and the number of vehicle deliveries is expected to increase is strengthening its after-sales network as its product range in the Indonesian market continues to expand. In just over a year since officially entering the market, VinFast has rapidly introduced a diverse product range across the most popular segments in Indonesia, from the VF 3, VF 5, VF 6 to the VF e34, and most recently, the VF products are all offered with exceptionally attractive sales and after-sales policies, such as free charging at V-GREEN charging stations and 0% interest financing support for vehicle purchases. Simultaneously, VinFast is continuously fostering cooperation with dealership and banking partners, making it easier for customers to access, own, and use green transportation./.Hashtag: #VinFast The issuer is solely responsible for the content of this announcement.


Malay Mail
10 hours ago
- Malay Mail
RM1.9t in IPOs: Bursa Malaysia tops SE Asia's capital market surge in H1 2025, says CEO
KAMPAR, July 26 — Bursa Malaysia has maintained its lead position in initial public offering (IPO) activities in South-east Asia, recording a market value exceeding RM1.9 trillion in the first half of 2025. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said this achievement reflects the strength of the country's capital market and also the business community's confidence in Bursa Malaysia as a partner for long-term growth. 'Retail investors' participation remains strong and continues to be a major contributor to the country's equity market. The average daily trading value (ADV) of retail investors remains stable at about RM450 million, in line with pre-Covid-19 levels, as of the middle of this year,' he said in his speech at the 2025 Perak Stock Carnival at Tunku Abdul Rahman University (UTAR) here today. Fad'l added that there are more than 113,000, or eight per cent of active retail investors in Perak, out of a total of 1.4 million in Malaysia, with nearly 6,000 new Central Depository System (CDS) accounts opened as of the middle of this year. He said Perak's potential for further growth in the capital market is very high with its 2.5 million population. 'However, despite these impressive figures, our priority is to build retail investors who are knowledgeable, responsible and confident about their investments,' he said. Bursa Malaysia also emphasised the need to raise awareness about the growing issue of investment fraud, with the police reporting more than 2,000 cases in the first quarter of this year, he said. The exchange is intensifying financial literacy programmes such as Sens-Ability, and providing various educational materials for new and experienced investors as a preventive measure, he said. 'Bursa Malaysia also introduced investment products like BR Capital, Bursa Gold Dinar, and MyBursa to cater to various investor segments. 'We encourage everyone present to leverage the knowledge-sharing sessions and opportunities provided throughout this carnival to make informed and wise investment decisions,' he added. The carnival, held for the first time in Perak, is part of a series of programmes that started in 2022, after previous events in Pahang, Terengganu and Perlis to strengthen investment literacy among the public. Perak's Tourism, Industry, Investment, and Corridor Development committee chairman Loh Sze Yee and UTAR research and commercialisation division vice-president Prof Dr Zuraidah Abd Manaf were also present at the event. — Bernama


Malay Mail
16 hours ago
- Malay Mail
Cambodia is outmanned and outgunned by Thailand: Peace is the only way out — Phar Kim Beng
JULY 26 — In the jagged terrain of Southeast Asia's fragile borders, the escalating military skirmishes between Cambodia and Thailand risk plunging the region into a crisis that neither side can truly afford. As artillery fire continues to echo across disputed territories, the military imbalance between the two neighbours has become unmistakably clear. Cambodia is outmanned, outgunned, and overwhelmed — and that is precisely why peace, not provocation, must be its path forward. Thailand's military superiority is not just symbolic; it is overwhelming in both scale and sophistication. With a defense budget exceeding US$5.7 billion, Thailand commands a force of more than 360,000 active personnel, including 115,000 conscripts. The Thai army boasts around 400 main battle tanks, over 1,200 armored personnel carriers, and more than 2,600 artillery systems. Its air force is equipped with 112 combat aircraft, including US-made F-16 Fighting Falcons and Swedish Gripens, supported by a fleet of helicopters and unmanned drones. Contrast this with Cambodia: with a defense budget of US$1.3 billion and just over 124,000 active personnel, its army may be the backbone of the Royal Cambodian Armed Forces, but it lacks the technological edge and strategic depth. Cambodia operates around 200 tanks and 480 artillery pieces, but it has no fighter jets and relies on transport aircraft, Chinese Z-9 helicopters, and Soviet-era hardware for air mobility and reconnaissance. Its naval forces are limited to a handful of patrol boats and one amphibious craft, dwarfed by Thailand's navy, which even includes an aircraft carrier. This imbalance raises the critical question: why would Cambodia engage in a confrontation it cannot win ? The answer lies in a cocktail of nationalism, economic desperation, and the erosion of trust along a volatile border. With Cambodia's military still modernizing and the economy deeply entangled in informal and illicit cross-border trades — from gambling syndicates to scam centers — the desire to assert sovereignty and resist Thai incursions may seem politically expedient, but it is strategically unwise. Cambodia's former strongman, Hun Sen, and his dynastic successor, Prime Minister Hun Manet, appear locked in a generational dilemma. On one hand, they must project strength to maintain internal legitimacy. On the other, they face a Thai military establishment that is not only more capable but also enjoys tacit backing from a population hardened by conscription and nationalistic fervor. Thailand has reportedly used F-16 fighter jets to patrol its border regions, a move that sends a clear message: escalation will be met with overwhelming force. Yet war is not destiny. The human cost of the current military exchange — which has already claimed civilian lives — far outweighs any conceivable strategic gain. Beyond the battlefield, the region risks undermining the ASEAN spirit of non-intervention and mutual respect, painstakingly cultivated since the 1976 Treaty of Amity and Cooperation. If ASEAN is to remain relevant, it must now act not just as a platform for dialogue but as a mechanism for preemptive de-escalation. This is where diplomacy must replace artillery. Malaysia, Indonesia, Singapore, and the Philippines — the founding members of ASEAN — should take the lead in forming an emergency Troika with Laos and the Philippines, the immediate past and incoming ASEAN Chairs, respectively. Such a mechanism, rooted in ASEAN traditions of quiet diplomacy and consensus-building, could help mediate a ceasefire and initiate demilitarization around the Preah Vihear and Ta Muen Thom temples, the epicenters of tension. Thailand, too, must show restraint. Military dominance should not breed arrogance. In fact, the Thai armed forces would be better served focusing on cracking down on cross-border criminal enterprises that harm both nations. That includes human trafficking rings, cyber scam centers, and illicit border trade — problems that threaten not just Cambodia and Thailand, but the credibility of ASEAN as an emerging economic bloc. Cambodia, for its part, must criminalize these networks and rein in local warlords and commanders who profit from chaos. The stakes are too high for brinkmanship. Cambodia is not just facing a military mismatch; it is confronting a strategic abyss. Its lack of air superiority, naval deterrence, and technological parity makes protracted conflict a suicidal proposition. Thailand may win a war of weapons, but ASEAN will lose the war of unity. Peace is not a sign of weakness. For Cambodia, it is the only rational and moral course left. Only by embracing de-escalation, demilitarization, and ASEAN-led diplomacy can both nations step back from the edge and prove that Southeast Asia's century will not be defined by old grievances or new wars — but by the courage to choose peace when war seems inevitable. ** Phar Kim Beng, PhD, is Professor of ASEAN Studies at the International Islamic University of Malaysia (IIUM) and the Director of the Institute of Internationalization and ASEAN Studies (IINTAS). ** This is the personal opinion of the writer or publication and does not necessarily represent the views of Malay Mail.