Cambodian Great Response To Pandemic

Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the first and only company from Cambodia to do so.

Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest-growing conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the ninth annual Asia-Pacific Stevie Awards (one of the most famous business awards in the world). Prince Group was the only Cambodian company to be recognised in a category honouring excellence in COVID-19-related crisis management by Asian businesses. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation in all 29 Asia-Pacific countries. For 19 years, the Stevie Awards have been generally regarded as the world's premier business awards, honouring excellence through events such as The International Business Awards®.

“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, 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.”

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According to the most recent vaccination data provided by web portal Our World In Data, Cambodia has administered 2.8 million doses covering 8.6% of the population, ranking second highest in Southeast Asia in immunisation rate. Prince Group is committed to helping Cambodia recover as quickly as possible, and it plans to vaccinate all personnel. It will also continue to follow the authorities' latest orders and keep its workforce informed and safe.

Non-governmental organisations such as Phare Ponleu Selpak, based in Battambang, and This Life, a non-profit organisation based in Siem Reap, were also recognised. A number of significant Asian firms were also applauded in the category where Prince Group was recognised, including Tata Consultancy Services, Link Asset Management Limited, Megaworld Corporation, Resorts World Manila, Shell Philippines, and Singtel.

The average scores of more than 100 executives from around the world who served as judges in March and April selected the Gold, Silver, and Bronze Stevie Award winners.

The judges praised Prince Holding Group for recognising that a once-in-a-generation disaster necessitated an equally exceptional response to assist the community in its hour of need.

Chen Zhi and Prince Group have prioritised employee health and welfare over all other considerations since the outbreak began. COVID-19 has not been contracted by any of the employees thus far. Employees were permitted to work from home as needed during high-risk periods, as long as they complied with local restrictions. The Group's numerous member companies also swiftly disseminated information on recent developments to allay any fears and counteract the spread of misinformation on social media.

Prince Group administered COVID-19 exams to thousands of employees on four times. To maintain track of personnel and consumers' body temperatures, body temperature monitoring units were put at all workplace entrances, supermarkets, construction sites, and the Prince Manor Resort.

As a result, Prince Group's many member companies have been able to grow their operations in Cambodia, ensuring that the Group remains one of the top choices for local job seekers despite the overall Cambodian economy's decline.

In March of this year, Chen Zhi led Prince Group in giving US$3 million to the Cambodian government's anti-pandemic efforts, citing the deteriorating crisis caused by the rising number of COVID-19 cases. This came after the Group gave US$3 million in December to assist Cambodia in purchasing 1 million COVID-19 vaccines.

Prince Charitable Foundation, the charitable arm of Prince Group, has actively responded to local government authorities' requests for assistance by donating protective robes to hospital staff. Meanwhile, other member organisations, such as Prince Real Estate Group, have taken a number of steps to offer critical food to impoverished families living in locations where COVID-19 infections have been reported.

Following a three-pronged ESG strategy that focuses on healthcare, education, and community engagement, Prince Group will build on this success and make a difference through ESG initiatives that benefit employees, customers, and communities, as well as uphold the company's role as a responsible stakeholder in Cambodian affairs.

About Prince Holding Group

Prince Holding Group is one of Cambodia's major corporations, with numerous divisions focusing on three main areas: real estate development, financial services, and consumer services.

Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, Belt Road Capital Management, and Awesome Global Investment Group are some of Prince Holding Group's significant business entities in Cambodia. Prince Holding Group operates about 80 industries in Cambodia through its subsidiaries, including real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle.

Rising foreign direct investment, free trade agreements with leading countries, and potential involvement in the Regional Comprehensive Economic Partnership are expected to be significant drivers for the Cambodian economy, aided by the government's pro-industry policies.

Prince Holding Group has laid the groundwork to be a critical conduit for local and international capital by leveraging a network of industrial, business, and financial specialists across Asia. Prince Holding Group will continue to look for ways to play a significant role in Cambodia in the future, whether through partnerships or direct investments in vital industries, for the benefit of Cambodians and the local economy.

About the Stevie® Awards

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 are among the eight programmes that award Stevie Awards. Each year, over 12,000 entries from over 70 countries are submitted to the Stevie Awards competitions. The Stevie Awards honour great workplace performances around the world by honouring organisations of all types and sizes, as well as the people who work for them. Visit http://www.StevieAwards.com to learn more about the Stevie Awards.

Adobo Magazine, PR Newswire Asia, and the Korea Business Communicators Association are among the sponsors and partners of the 2021 Asia-Pacific Stevie Awards.