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Prince Holding Group’s Chen Zhi Scholarship Clinches Silver Stevie for CSR Excellence at Asia-Pacific Stevie Awards


PHNOM PENH, CAMBODIA – Media OutReach Newswire – 25 April 2024 – Prince Holding Group, one of Cambodia’s leading business groups, has clinched the Silver Stevie® Award for Innovative Achievement in Corporate Social Responsibility at the 11th annual Asia Pacific Stevie Awards, a testament to its commitment through the pioneering Chen Zhi Scholarship Program. This prestigious international recognition celebrates the program’s significant impact on nurturing the next generation of leaders through extensive educational support and professional development opportunities in Cambodia.

The Chen Zhi Scholarship Program commits $2 million over seven years to aid 400 Cambodian university students, fostering inclusivity and long-term growth in diverse academic fields.
The Chen Zhi Scholarship Program commits $2 million over seven years to aid 400 Cambodian university students, fostering inclusivity and long-term growth in diverse academic fields.

Neak Oknha Chen Zhi, the visionary Chairman of Prince Holding Group, has spearheaded the scholarship program focused on education as a critical catalyst for societal advancement. His commitment broadens the scholarship to support gifted, economically disadvantaged students nationwide

Lending his namesake and patronage to the scholarship program, Chen Zhi champions broader educational access, equipping young Cambodians with the tools necessary for personal and professional development. His efforts are crucial in forging a more equitable and prosperous future, reflecting his broader vision of accessible, quality education for all.

Prince Foundation’s Chen Zhi Scholarship Program has pledged $2 million over seven years to support 400 deserving Cambodian university students. The program offers full scholarships and stipends, enriching students’ academic journeys across various fields, including civil engineering, media and communications, and hospitality.

Emphasizing inclusivity and long-term development, the program supports an equal number of male and female students, prioritizing candidates from non-urban areas; 75% of the scholarships are awarded to students outside of Phnom Penh. With a notable 90% continuation rate of scholarships annually, the program stands as a transformative force within the Cambodian educational landscape.

Gabriel Tan, Chief Communications Officer at Prince Holding Group, said, “This Silver Stevie Award underscores the significant impact of the Chen Zhi Scholarship Program on our community and beyond. It reinforces our dedication to fostering an educated and skilled workforce, ready to meet the challenges of tomorrow. We believe in the power of education to transform lives, and this award reaffirms our mission to empower young Cambodians through learning and career opportunities.”

The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace in all 29 markets of 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 22 years.

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 February and March.
Hashtag: #PrinceHoldingGroup #ChenZhiScholarship #ChenZhi

The issuer is solely responsible for the content of this announcement.

About Prince Holding Group

Prince Holding Group is one of Cambodia’s largest business groups, spanning across 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, and Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 100 businesses in Cambodia operating in real estate development, banking, finance, tourism, logistics, technology, food and beverages, lifestyle sectors, etc.

Leveraging a network of industrial, business, and financial professionals across Asia, Prince Holding Group is firmly committed to the long-term development of Cambodia.

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 Prince Foundation

Prince Foundation, founded in 2015, is one of Cambodia’s leading philanthropic foundations. A member of Prince Holding Group, which is one of the largest business groups in Cambodia, the Foundation aims to work with local communities to build thriving living and working environments that elevate people’s well-being and livelihoods, following the vision: “Together, Building a Better Future for Cambodia.”

Focusing on education and youth development, healthcare, and community engagement and sports, and healthcare initiatives, Prince Foundation works with partners to deliver sustainable programs that enhance opportunities for Cambodia’s youths, build resilience in communities, and contribute to sustainable infrastructure.

The Foundation’s flagship projects are the Chen Zhi Scholarship, offering full scholarships, stipends, internships, and work opportunities to 400 Cambodian university students over a period of seven years, and Prince Horology, where aspiring Cambodian watchmakers learn the art of Swiss-style watchmaking in a state-of-the-art facility. Prince Foundation has launched more than 250 philanthropic initiatives, benefiting over 1.2 million people, with donations exceeding US$16 million.

Luang Prabang Welcomes Record Numbers During New Year Celebrations

Visitors on Luang Prabang main street durign Lao New Year. (Photo: Teng)

More than 110,000 visitors flocked to Luang Prabang during the Lao New Year festivities from 10-19 April, marking an increase of 364.44 percent compared to the previous year. The festival, which showcased the rich cultural heritage of Laos, also generated an estimated revenue exceeding USD 47 million.

Lao Labor Ministry to Streamline Visa, Work Permit Processes for Foreign Workers

Lao Labor Ministry to Streamline Visa, Work Permit Processes for Foreign Workers
Migrant workers at one of the many large construction sites in Laos (photo: Vientiane Times)

The Ministry of Labor and Social Welfare is implementing new measures to facilitate the issuance of visas for illegal foreign workers and the renewal of work permits for legal foreign workers. This initiative aims to regulate and streamline the process for foreign workers in Laos.

TikTok May Be Banned in the US. Here’s What Happened When India Did It

TikTok May Be Banned in the US. Here’s What Happened When India Did It
FILE- Activists of Jammu and Kashmir Dogra Front shout slogans against Chinese President Xi Jinping next to a banner showing the logos of TikTok and other Chinese apps banned in India during a protest in Jammu, India, July 1, 2020. (AP Photo/Channi Anand, File)

NEW DELHI (AP) — The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature.

Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill”


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 April 2024 – On April 24th, the Malaysian Datuk, national badminton player Lee Chong Wei showed up in the Six Season of the cultural talk show “SHEDE Wisdom Talents” to share his undaunted spirit and “always tougher than rivals” tactics, which aroused enthusiastic responses in both Malaysia and China. This pioneering figure talk show — Six Season of the “SHEDE Wisdom Talents” is jointly produced by China’s famous Baijiu company Shede Spirits Co., Ltd, Phoenix Satellite Television , and Dragon TV, inviting all prestigious celebrities from various fields, including Li Di, chief scientist of China FAST; Wu Minxia, Olympic champion, and Wu Shihong, former General Manager of Microsoft China.

Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill”
Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill”

Legend Of Badminton Behind The Scene: Always Tougher Than Rivals

“All I hope is to win at least the first gold medal for Malaysia.”

As the sole pillar of the national team, Lee Chong Wei has no other choice but fight, with overwhelming pressure, he determined to win glory for his motherland. He tried his best and made it to the Olympic finals three times, but each time he narrowly lost and won the silver medal.

He once failed to live up to the expectation of “winning the first badminton Olympic gold medal for Malaysia” and fell from the peak, is he finally going to admit defeat? No, he never gives up, he always believed that every setback is an opportunity to move on, so he actively invested in rehabilitation, and returned to badminton field as usual to encourage younger generations to step out of their comfort zone and win their first Olympic gold medal.

Willing to work hard, not afraid to start all over again, in the progress of overcoming difficulties, he become tougher and tougher, he has already become a model of our times, so this show specially invited him to share his story.

“SHEDE Wisdom Talents” was produced by China’s famous Baijiu company Shede Spirits Co., Ltd for seven years, this show has been inviting all prestigious celebrities from various fields, with the aim of “empathizing with others’ stories and nourishing our own life”, it has innovatively built an Oriental aesthetic scene, upgraded our production level with an international perspective, and achieved full media platform coverage in China. As of now, the cumulative traffic of this show has exceeded 24.5 billion.

Crossing The Hill, Willing to Share Chinese Wisdom With The World

Shede Spirits is a Chinese Baijiu company with “ecology, quality, and culture” as its core advantages, and the first one in the sector to propose and practice the aged spirits strategy. As a gift of time, custom and culture, aged spirits has a unique meaning in Chinese traditional culture. Shede Spirits dedicated in the aged spirits culture as well as produce the cultural talk show “SHEDE Wisdom Talents”, not only promotes the high-end quality image of Chinese Baijiu, but also provides a benchmark case for the Baijiu industry to build brand culture.

Based on the present and looking at the world, Shede Spirits has landed on five continents and successfully narrated the story of Chinese Baijiu to 33 countries and regions around the world.

Shede Spirits attaches great importance to the Malaysian market, at present, two core products – SHEDE CLASSIC and SHE ZHI DAO with natural mellow flavor, selling well in Malaysia. As early as 2023, at the 5th China-Malaysia (Kuala Lumpur) Commodity Exhibition, Malaysian political and business elites have appreciated the unique charm of SHEDE aged spirits . At the beginning of 2024, Shede Spirits held a “Exclusive Tasting Event in Catering Association Forum” in Malaysia, which was highly praised.

Civilizations are enriched by cultural exchanges and mutual learning. By actively going abroad, dialoging with international significant guests, and holding brand IPO conference, Shede Spirits will continue to open up an international business mind, promote the cultural quality of aged spirits, and share the charm of Chinese Baijiu and Oriental life aesthetics with the world.

https://en.tuopaishede.cn/

Hashtag: #SHEDE

The issuer is solely responsible for the content of this announcement.

NetApp’s 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally

Study highlights the divide between AI leaders and AI laggards illustrating value of unified data approach


SINGAPORE – Media OutReach Newswire – 25 April 2024 – NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its second annual Cloud Complexity Report. The report analyzes the experiences of global technology decision makers deploying AI at scale and shows a stark contrast between AI leaders and AI laggards. This year’s report provides global insights into the progress, readiness, challenges, and momentum since last year’s report, what we can learn from both the AI leaders and AI laggards, and the critical role of a unified data infrastructure in achieving AI success.

“AI is only as good as the data that fuels it,” said Pravjit Tiwana, General Manager and Senior Vice President of Cloud Storage at NetApp. “Both the AI leaders and AI laggards show us that in the prevailing hybrid IT environment, the more unified and reliable your data, the more likely your AI initiatives are to be successful.”

“APAC leaders today recognize the efficiency and innovation gains offered by AI; however, the data shows adoption variations between industries and geographies in the region,” said Matthew Swinbourne, CTO Cloud Architecture at NetApp Asia Pacific. “Whether companies are AI leaders or AI laggards, optimizing IT environments before deploying AI must be top of mind to see the best return from investment.”

There is a Significant Divide Between AI Leaders and AI Laggards

The report found a clear divide between AI leaders and AI laggards across several areas including:

  • Regions: 60% of AI-leading countries (India, Singapore, UK, USA) have AI projects up and running or in pilot, in stark contrast to 36% in AI-lagging countries (Spain, Australia/New Zealand, Germany, Japan).
  • Industries: Technology leads with 70% of AI projects up and running or in pilot, while Banking & Financial Services and Manufacturing follow with 55% and 50%, respectively. However, Healthcare (38%) and Media & Entertainment (25%) are trailing.
  • Company size: Larger companies (with more than 250 employees) are more likely to have AI projects in motion, with 62% reporting projects up and running or in pilot, versus 36% of smaller companies (with fewer than 250 employees).

Both AI leaders and AI laggards show a difference in their approach to AI:

  • Globally, 67% of companies in AI-leading countries report having hybrid IT environments, with India leading (70%) and Japan lagging (24%).
  • AI leaders are also more likely to report benefits from AI, including a 50% increase in production rates, 46% in the automation of routine activities, and a 45% improvement in customer experience.

“The rise of AI is ushering in a new disrupt-or-die era,” said Gabie Boko, Chief Marketing Officer at NetApp. “Data-ready enterprises that connect and unify broad structured and unstructured data sets into an intelligent data infrastructure are best positioned to win in the age of AI.”

AI Laggards Must Swiftly Innovate to Stay Competitive

Despite the divide, there is notable progress among AI laggards in preparing their IT environments for AI, but the window to catch up is closing rapidly.

  • A significant number of companies in AI-lagging countries (42%) have optimized their IT environments for AI, including Germany (67%) and Spain (59%). ANZ and Japan, however, are below the global average at 38% and 25%, respectively.
  • Companies in some AI-lagging countries already report seeing the benefits of a unified data infrastructure in place, such as:
    • Easier data sharing: Spain (45%), Australia/New Zealand (43%), Germany (44%)
    • Increased visibility: Spain (54%) and Germany (46%)


IT Costs and Data Security Emerge as Top Challenges but Won’t Impede AI Progress

Rising IT costs and ensuring data security are the two of the biggest challenges in the AI era, but they will not block AI progress. Instead, AI leaders will scale back, cut other IT operations, or reallocate costs from other parts of the business to fund AI initiatives.

  • AI leaders will also increase their cloud operations (CloudOps), data security and AI investments throughout 2024, with 40% of large companies saying AI projects have already increased IT costs.
  • Year over year, “increased cybersecurity risk” jumped 16% as a top concern from 45% to 61%, while all other concerns decreased.
  • To manage AI project costs, 31% of companies globally are reallocating funds from other business areas, with India (48%), UK (40%), and US (35%) leading this trend.

In APAC, 34% of companies said AI projects have already increased IT costs. 60% of respondents cited “increased cybersecurity risk” as their top concern, while 31% said they are reallocating funds from other business areas to manage AI project costs.

Security, AI, and CloudOps Drive 2024 Cloud Investments

As global companies, whether AI leaders or AI laggards, increase investments, they are relying on the cloud to support their goals.

  • Companies reported that they expect to increase AI-driven cloud deployments by 19% from 2024 to 2030.
  • 85% of AI leaders plan to enhance their CloudOps automation over the next year.
  • Increasing data security investments is a global priority, jumping 25% from 33% in 2023 to 58% in 2024.

In APAC, the proportion of companies which will have more than 50% of their cloud deployments supported by AI-driven applications will increase 15% between 2024 and 2030. Two-thirds (67%) of AI leaders here plan to enhance their CloudOps automation over the next year, while data security investments are expected to jump 21% from 37% in 2023 to 58% in 2024.

Methodology
In March 2024, NetApp partnered with Savanta to conduct a quantitative study of 1,300+ tech and data executives at businesses in 10 markets: US, EMEA (UK, France, Germany, Spain) and APAC (Australia, New Zealand, India, Singapore, Japan).

To learn more and access the full report and infographic, visit https://www.netapp.com/company/cloud-complexity-report/

Additional Resources
2024 Cloud Complexity Report: The AI Divide
Cloud Complexity Report Infographic
Hashtag: #NetApp #CloudComplexity #AI #Tech



The issuer is solely responsible for the content of this announcement.

About NetApp

NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into an opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability, and AI to enable the industry’s best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at or follow us on , , , and .

NETAPP, the NETAPP logo, and the marks listed at are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

Cobb’s Game-Changer: Introducing One-Stop Event Transport Management Solution


SINGAPORE – Media OutReach Newswire – 25 April 2024 – Cobb, a leading transport solutions provider, is revolutionising the industry with its latest offering: a comprehensive one-stop event transport management solution. This innovative service aims to streamline event logistics by offering a range of transport services under one roof, eliminating the hassle of dealing with multiple vendors and ensuring a seamless experience for clients.

Unlike competitors who often specialise in a single type of service such as bus rental or car charter, Cobb’s new offering covers a wide spectrum of transport solutions. From airport transfer services to private vehicle charters, events transport management, limousine rental in Singapore, and more, Cobb serves as a versatile partner for all transport needs.

One of the key advantages of Cobb’s solution is its ability to handle everything from manpower to transport, simplifying the event management process for clients. By providing a single point of contact, Cobb ensures clear communication and efficient coordination, saving clients valuable time and effort. The benefits of Cobb’s one-stop event transport management solution extend to a wide range of industries and clients. Cruise companies that regularly welcome international guests will find Cobb’s services invaluable for seamless transfers and tours. Similarly, businesses hosting conferences or events in locations like Singapore can rely on Cobb to handle guest transportation from airports to hotels or venues.

Established in 2005, Cobb is a leading transport solutions provider known for its innovative and customer-centric approach. With a focus on streamlining logistics and delivering exceptional service, Cobb serves a diverse range of industries and clients. Whether it’s for tour groups, school excursions, corporate events, or individual trips, Cobb’s dedicated team of drivers and operators consistently delivers quality service, ensuring clients get the most out of their journey.

With Cobb’s expertise in transport management and commitment to customer satisfaction, clients can expect a hassle-free experience from start to finish. By consolidating services and offering tailored solutions, Cobb is poised to set a new standard in event transport management.

For more information, please visit https://www.cobb.com.sg/.
Hashtag: #Cobb #TransportServices

The issuer is solely responsible for the content of this announcement.

Ministry of Agriculture Supports Taiwanese Tea’s Entry into Singapore Market to Boost Global Presence


TAIPEI, TAIWAN – Media OutReach Newswire – 25 April 2024 – The “2024 Taiwan-Singapore Tea Industry Business-matching and Exchange Event” in Singapore is held to assist Taiwan’s tea industry in expanding overseas markets, under the guidance of the Ministry of Agriculture, the Taiwan Tea Manufacturers’ Association led four local tea producers—— HGT, HIGH TEA, GOOD YOUNG, and SHYE YUE to participate in this event. The event facilitated exchanges with local industry associations, distributors, and leading bubble tea businesses, with a focus on technology in tea production. It aimed to offer a fresh interpretation of Taiwan’s tea craftsmanship and mark a new beginning for Taiwan’s tea industry on the international stage.

Group photo of the distinguished guests
Group photo of the distinguished guests

The event attracted numerous professionals from the food and beverage industry. Nearly 60 distinguished guests attended to grace the occasion, including chairman Mr. Hong Poh Hin (BBM) of Singapore Foochow Coffee Restaurant & Bar Merchants Association, President Mr. Eric Chua (PBM) of the Singapore Ku So (Shan Keng Thong) Restaurateurs Association, Chairman Mr. Paul Kok (PBM) of Badaling Holdings Pte. Ltd., and Mr. Thian Boon Hua, Chairman of Boon Tong Kee Pte. Ltd.

On-site communication status
On-site communication status

Two Memorandum of Understanding were signed on-site between the two industry associations to foster Taiwan-Singapore cooperation. This includes collaboration between the Taiwan Tea Manufacturers’ Association and Singapore Foochow Coffee Restaurant & Bar Merchants Association, aiming to promote Taiwan’s excellent tea products through Foochow Coffee Restaurant & Bar Merchants Association channels to Singaporean consumers. Another partnership was discussed between the Taiwan Tea Manufacturers’ Association and the Singapore Ku So (Shan Keng Thong) Restaurateurs Association, with hopes to integrate Taiwanese tea into Singaporean cuisine and promote it locally. Through Singapore’s vast food and beverage market and diverse marketing channels, Taiwanese tea is expected to gain recognition and approval from Singaporean consumers. The Taiwan Tea Manufacturers’ Association will continue to monitor the progress of substantive cooperation between the two sides, actively expanding the market landscape for Taiwan-Singapore tea industries and enhancing bilateral friendly relations and trade cooperation for deeper exchanges and integration in the agricultural and trade sectors.

Dr. Tung, Chen-Yuan, representative of the Taipei Representative Office in Singapore, stated “Taiwanese tea combines technology, culture, and various trends to create a variety of tea tastes. This event, named Cha’T GPTea, or “Gorgeous Premium Taiwan Tea,” embodies our tradition of tea drinking and represents high-quality tea.”

The entire event, through demonstrations, allowed local buyers and consumers in Singapore to understand the diversity of Taiwanese tea leaves. It is hoped that this business-matching and exchange tea event will deepen Taiwan’s presence in the Singaporean market and elevate the visibility of Taiwan’s tea industry in Singapore. The four Taiwanese representative companies will set up booths during the FHA exhibition period (April 23-26, 2024), where the Taiwan-Singapore industry representatives will engage in further in-depth discussions.

Hashtag: #TaiwanTeaManufacturersAssociation

The issuer is solely responsible for the content of this announcement.