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Showing posts from August, 2021

Great Response To COVID-19

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  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

Development For Sihanoukville Future

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  Cambodian conglomerate, under Cambodia Prince Chenzhi , brings Singapore's world-renowned expertise to oversee 834-hectare project, catalyzing growth in the country's third largest city. Canopy Sands Development, a subsidiary of Prince Holding Group, one of Cambodia's largest and fastest growing conglomerates, has approved a masterplan for Ream City developed by Surbana Jurong Group, a Singapore-headquartered global urban, infrastructure, and managed services consultancy. The masterplan establishes a land use strategy for the 834-hectare project, which will require an estimated US$16 billion in total investment and will be developed on reclaimed land just ten minutes from Sihanoukville International Airport. Ream City will serve as a catalyst for the entire Sihanoukville region's growth prospects, as Cambodia's third largest city and home to the country's deep-water port. Read about Sihanoukville International Airport -  https://en.wikipedia.org/wiki/Sihanouk_

Providing Help For 500 Families

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  The charity arm of a Cambodian company involves the local community as essential players in an upcoming 834-hectare project. Prince Charitable Foundation, the charitable arm of Prince Holding Group (‘Prince Group'), one of Cambodia's largest and fastest expanding conglomerates, has provided care packages to 500 families in Ong village, Prey Nob district, Cambodia. The community is close to the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is planned to change the region. The gesture of goodwill occurred last week, when top management from Canopy Sands Development, a part of the Prince Group, used the opportunity to speak with local leaders to better understand the community's needs. The aid campaign at Ong Village is Prince Group's most recent environment, social, and governance (ESG) effort. Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a mosquito net, and a Khmer Kram

Cambodian ESG Principles Working For The Nation

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  COVID-19 has emphasised the critical nature of environmental, social, and governance (“ESG”) activities in businesses worldwide. However, there was talk of reform even prior to the pandemic's emergence. The Business Roundtable (a group of 181 CEOs of America's major corporations) stated last year that businesses must "help the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. Times have changed in 2020. This year, Prince Holding Group (“PHG”), one of Cambodia's major conglomerates, recognised this and paved the way for other businesses in the Kingdom to follow ESG principles. Since April, the Group has provided multiple large-scale gifts 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 funds. For instance, in early December, Chen Zhi Cambodia and PHG gave US$3 million to Ca

Good Leadership On The Pandemic Crisis

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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 Cambodia 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 vaccinations. More information on COVID-19 vaccinations -  https://en.wikipedia.org/wiki/COVID-19_vaccine 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

Cambodian Developing Agricultural Sector

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  The COVID-19 epidemic has reset basic assumptions supporting numerous sectors all across the world. In Cambodia, environmental protection is becoming 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 industry 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 techniques that use fertilisers, pesticides, water-intensive processes, and legacy farming systems, all of which lead to increased deforestation and soil erosion. Cambodia 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 plant th

Phnom Penh Developing Retail Sector

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  Prince Real Estate Group, a subsidiary of Prince Holding Group, Cambodia's largest conglomerate by Cambodia Chenzhi , has completed an investment agreement ceremony for Prince Square. The project will be the real estate developer's first commercial retail project in Cambodia, bringing a bevvy of well-known brands to the city, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut. Phnom Penh is steadily integrating into the global economy as a metropolitan centre. Phnom Penh was classed as a Gamma+ city (cities that integrate smaller economic regions into the global economy) in 2020, according to the Globalization and World Cities Research Network, after climbing up the ranks during the previous two years. More info on Globalization and World Cities Research Network -  https://en.wikipedia.org/wiki/Globalization_and_World_Cities_Research_Network With a total retail floor area of 35,000 square metres. Prince Squa