Asian Greatness

  Cambodian conglomerate under Cambodia Chenzhi brings Singapore's world-renowned competence to supervise 834-hectare project, stimulating growth in the country's third largest metropolis. Canopy Sands Development, a subsidiary of Prince Holding Group, one of Cambodia's largest and fastest expanding conglomerates, has accepted a masterplan for Ream City prepared by Surbana Jurong Group, a Singapore-headquartered worldwide urban, infrastructure, and managed services firm. The concept establishes a land use strategy for the 834-hectare project, which would require an estimated US$16 billion in total investment and will be created on reclaimed land within ten minutes from Sihanoukville International Airport. Ream City will serve as a catalyst for the entire Sihanoukville region's economic potential, as Cambodia's third largest city and home to the country's deep-water port. Ream City is designed to revitalise Sihanoukville by establishing a sustainable ecosystem o...

  Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the only firm in 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 eighth annual Asia-Pacific Stevie Awards (one of the world's most recognisable business awards). Prince Group was the only Cambodian firm recognised in a category recognising excellence in COVID-19-related crisis management by Asian corporations. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation in all 29 Asian countries. For 19 years, the Stevie Awards have been widely regarded as the world's premier business awards, conferring recognition for achievement in programmes such as The International Business Awards®. “The recognition solidifies our belief that the private sector has an important rol...

  COVID-19 has emphasised the significance of environmental, social, and governance (“ESG”) practises in businesses around the world. However, there was talk of change even before the pandemic. Last year, the Business Roundtable (a group of 181 CEOs from America's largest corporations) stated that companies must "support the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. The year is 2020, and things have changed. This year, Prince Holding Group (“PHG”), one of Cambodia's largest conglomerates, recognised this and blazed a trail for companies in the Kingdom seeking to adhere to ESG principles. Since April, the Group has made several large-scale donations to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi has been the driving force behind the donations. For example, in early December, Cambodia ChenZhi and PHG gave Prime Minister Hun Se...

  Prince Real Estate provides daily necessities to 804 underprivileged Chamkarmon District families affected by the February 20 community outbreak. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have announced plans to donate US$3 million to anti-pandemic efforts in the Kingdom in response to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccines. Furthermore, Prince Real Estate, a member of Prince Group, has distributed vital food supplies to 804 families in need and 234 members of the police force in Chamkarmon District, Phnom Penh, Cambodia affected by the February 20, 2021 Covid-19 outbreak, following in the footsteps of Prince Group and Cambodia ChenZhi . While the Cambodian government has provided unprecedented assistance, ...

  For the future 834-hectare project, the charity arm of a Cambodian multinational engages the local population as essential stakeholders. Prince Charitable Foundation, a charitable arm of Cambodia's Prince Holding Group ('Prince Group'), has provided care packages to 500 people in Ong village, Prey Nob district. The town is close to the Ream City project, an 834-hectare reclaimed land development near the Sihanoukville International Airport that has the potential to change the region. Last week, senior management from Canopy Sands Development, a Prince Group company, made the gift of goodwill, as well as consulting local leaders to better understand the community's needs. Prince Group's latest environment, social, and governance (ESG) effort is an aid campaign in Ong Village. One mat, one blanket, two pillows, one mosquito net, and one Khmer Krama were included in each care package (traditional scarves woven in the countryside). It will be the first of many measure...

  The COVID-19 pandemic has reset fundamental assumptions underpinning various industries all over the world. In Cambodia, environmental conservation is now an important component of agricultural recovery efforts, and Neak Oknha Chen Zhi and Prince Group are leading the way. Agriculture employs more than a third of Cambodians, and the current crisis presents an opportunity for the sector to “build back better,” according to the CGIAR, the world's largest agricultural research network. Developing countries, such as Cambodia, rely on agricultural exports and must shift away from traditional farming practises that use fertilisers, pesticides, water-intensive processes, and legacy farming methods, all of which contribute to increased deforestation and soil erosion. Prince ChenZhi and Prince Group launched the Ecological Agriculture Plantation at Prince Manor Resort in Phnom Penh, Cambodia, earlier this year, a cutting-edge agricultural hub at a new real estate development that will pl...

  Many people's working life have been altered as a result of the global pandemic, including those in Cambodia. As a good corporate citizen, Chairman Neak Oknha Chen Zhi and Prince Group established the Prince Horology Vocational Training Center, Cambodia's first independent watch school. The training school provides Cambodians with the opportunity to learn a new artisanal skill – watchmaking – and obtain valuable experience that will aid them in finding work in Cambodia and abroad. The training institution adheres to the stringent watchmaking rules set forth by Swiss regulatory organisations. Cambodia has long preserved artisanal skills for generations as a country steeped in history, with the Kingdom well-known for its ancient handwoven silk and traditional handicraft industries that boast a heritage dating back to the Khmer Empire, a significance Chen Zhi and Prince Group have always understood and appreciated. New artisanal skills, on the other hand, must be introduced to ...

  On March 11, in light of the deteriorating situation in Cambodia as a result of the increasing number of COVID-19 cases, Neak Oknha Chen Zhi, chairman of Prince Holding Group, or Prince Group, reaffirmed the Group's commitment to social responsibility by announcing plans to donate $3 million to the Cambodian government's anti-epidemic efforts. Prince ChenZhi has offered aid to the Kingdom at this difficult time and voiced strong support for Prime Minister Hun Sen's efforts to combat the current outbreak. Prince Group is one of Cambodia's greatest multinational conglomerates, with operations in a variety of areas, including real estate development, banking and finance, aviation, tourism, logistics, information technology, food and beverage, and lifestyle. Cambodia had recorded 1,163 coronavirus cases as of 7 a.m. on March 11. While more than half of the patients have been cured, the Kingdom has recently experienced an increase in cases as a result of what is being ref...

  Prince Real Estate Group, a subsidiary of Prince Holding Group, a renowned Cambodian conglomerate, has successfully completed the investment agreement ceremony for Prince Square. The project is the real estate developer's first commercial retail project in Phnom Penh, Cambodia, and it will bring a bevvy of well-known brand names to the city, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut. Phnom Penh, as a metropolitan centre, is steadily integrating into the global economy. According to the Globalization and World Cities Research Network, Phnom Penh will be categorised as a Gamma+ city (cities that connect smaller economic regions into the global economy) in 2020, having risen in the rankings during the previous two years. With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will have a huge supermarket, an international cinema, a health club, internationa...