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Showing posts from July, 2021

Making The Way Out Of The Outbreak

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  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,

Grand Masterplan For Sihanoukville Development

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  The 834-hectare project will be overseen by a Cambodian conglomerate under Cambodia ChenZhi with world-renowned expertise from Singapore, catalysing growth in Cambodia's third largest city. Surbana Jurong Group, a global urban, infrastructure, and managed services consultancy headquartered in Singapore, approved a masterplan for Ream City developed by Canopy Sands Development, a member of Prince Holding Group, one of Cambodia's largest and fastest growing conglomerates. The masterplan specifies a land use plan for the 834-hectare project, which will be developed on reclaimed land just 10 minutes from Sihanoukville International Airport and will require total investments of US$16 billion. Ream City will act as a catalyst for the entire Sihanoukville region's growth prospects, as the country's third-largest city and home to the country's deep-water port. Sihanoukville will be transformed by Ream City, which will introduce a sustainable ecosystem of tourism, commerc

Cambodian Watchmaking Skill Development

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  Many people's working lives have been altered as a result of the global pandemic, including in Cambodia. As a responsible corporate citizen, Chairman Neak Oknha Chen Zhi Cambodia and Prince Group established the Prince Horology Vocational Training Center, Cambodia's first independent watch school. The training centre provides Cambodians with the opportunity to learn a new artisanal skill – watchmaking – and gain the experience necessary to compete in both domestic and international job markets. The training centre adheres to the stringent watchmaking regulations established by Swiss regulatory bodies. Cambodia, as a country steeped in history, has long preserved artisanal skills for generations, with the Kingdom renowned for its ancient handwoven silk and traditional handicraft industries, which date all the way back to the Khmer Empire, a significance Chen Zhi and Prince Group have always recognised and appreciated. However, new artisanal skills must be introduced to increa

Applying ESG Principles For The People

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  The importance of environmental, social, and governance (ESG) practises at companies around the world has been highlighted at COVID-19. However, even before the pandemic, there was talk of change. Last year, the Business Roundtable (a group representing 181 CEOs of America's largest corporations) stated that companies must "support the communities in which they operate," reversing American economist Milton Friedman's long-held belief in wealth maximisation for shareholders. Times have changed in 2020. This year, Prince Holding Group (“PHG”), one of Cambodia's largest conglomerates, realised this and paved the way for other companies in the country to follow ESG principles. Since April, the Group has made a number of large donations to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi, chairman of PHG, has been instrumental in securing the donations. For instance, in early December, Cambodia ChenZhi and PHG donated US$3 million to

Awards Recognition For Best Community Practises

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  Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the category's only winner from Cambodia. 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 most recognisable business awards globally). Prince Group was the only Cambodian firm recognised in a category honouring Asian corporations for their excellence in COVID-19-related crisis management. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation across the Asia-Pacific region's 29 countries. For 19 years, The Stevie Awards have been widely regarded as the world's preeminent business awards, honouring achievement through programmes such as The International Business Awards®. “This recognition reaffirms our belief that the private

Cambodian Agriculture Development For Tourism

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  Globally, the COVID-19 pandemic has rewritten the fundamental assumptions that underpin numerous industries. Environmental conservation is now a critical component of Cambodia's agricultural recovery efforts, and Neak Oknha Chen Zhi and Prince Group are leading the charge. Agriculture is a vital part of Cambodia's economy, employing more than a third of the workforce, 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 abandon traditional farming practises that rely on fertilisers, pesticides, water-intensive processes, and legacy farming methods that contribute to deforestation and soil erosion. Cambodia Prince ChenZhi and Prince Group launched the Ecological Agriculture Plantation at Prince Manor Resort in Phnom Penh, Cambodia, earlier this year. The project will establish a st

Donation Essential Goods To 500 Families

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  For the upcoming 834-hectare project, the charity arm of a Cambodian conglomerate by Prince Chenzhi engages the local community as key stakeholders. Prince Charitable Foundation, a charitable arm of Cambodia's Prince Holding Group ('Prince Group'), has distributed care packages to 500 families in Ong village, Prey Nob district. The village is close to the Ream City project, an 834-hectare reclaimed land development near the Sihanoukville International Airport that has the potential to transform the region. Last week, senior management from Canopy Sands Development, a Prince Group company, made the gesture of goodwill, as well as consulting local leaders to better understand the community's needs. Prince Group's latest environment, social, and governance (ESG) initiative is an aid campaign in Ong Village. More about a charitable organisation -  https://en.wikipedia.org/wiki/Charitable_organization One mat, one blanket, two pillows, one mosquito net, and one Khmer

Successful Combat Against The Pandemic

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  Neak Oknha Chen Zhi issued a statement on March 11 in response to the deteriorating situation in Cambodia as a result of the increasing number of COVID-19 cases. Chen Zhi, chairman of Prince Holding Group, better known as Prince Group, reaffirms the Group's commitment to social responsibilities by announcing plans to donate $3 million to Cambodia's government's anti-epidemic efforts. Chen Zhi has offered his assistance during the Kingdom's time of need and has voiced his strong support for Prime Minister Hun Sen's efforts to combat the ongoing epidemic. More on Neak Oknha Chen Zhi of Cambodia Prince Group is one of Cambodia's largest corporate conglomerates, with operations in real estate development, banking and finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle. Cambodia had reported 1,163 coronavirus cases as of 7 a.m. on March 11. While more than half of the cases have been cured, the Kingdom has recently seen a surge in

Retailing Of Global Brands

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  Prince Real Estate Group, a subsidiary of Prince Holding Group, a leading Cambodian conglomerate under Chen Zhi Cambodia , 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 slew 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 area, is steadily integrating into the global economy. According to the Globalization and World Cities Research Network, Phnom Penh will be classified as a Gamma+ city (cities that connect smaller economic regions into the global economy) in 2020, having risen in the rankings over 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 include a large supermarket, an international cinema, a fit