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Cambodian Recognition For Good Community Involvement

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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). The 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

Masterplan Development For Sihanoukville Region

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  The 834-hectare project will be overseen by a Cambodian conglomerate, led by 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 ( https://en.wikipedia.org/wiki/Sihanoukville ) will be transformed by Ream City, which will in

Making ESG Plans Work For The People

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  COVID-19 has emphasised the critical nature of environmental, social, and governance (“ESG”) practises in businesses worldwide. However, there was talk of change even prior to the pandemic's outbreak. The Business Roundtable (a group of 181 CEOs of America's largest corporations) stated last year that businesses must "support 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 largest conglomerates, recognised this and paved the way for other businesses in the Kingdom to follow 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 , chairman of PHG, has been instrumental in securing the donations. For instance, in early December, Chen Zhi and PHG donated US$3 million to

Cambodian Watchmaking Skills Development

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  Many people's working lives have been altered as a result of the global pandemic, including those in Cambodia. As a responsible 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 centre provides Cambodians with the opportunity to learn a new artisanal skill – watchmaking – and gain valuable experience that will aid them in finding work in Cambodia and abroad. The training centre adheres to the stringent watchmaking regulations set forth by Swiss regulatory bodies. 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 Cambodia and Prince Group have always understood and appreciated. New artisanal skills, on the other hand, must be intro

Paving Way Against 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 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 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 Chen Zhi. While the Cambodian government has provided unprecedented assistance,

Great Donation To 500 Families

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  Cambodian conglomerate's charitable arm engages local community as key stakeholders in upcoming 834-hectare project Prince Charitable Foundation, the charitable arm of Prince Holding Group ('Prince Group'), one of Cambodia's largest and fastest growing conglomerates by Chen Zhi Cambodia , has distributed care packages to 500 families in Ong village in Cambodia's Prey Nob district. The village is located near the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is expected to transform the region. The gesture of goodwill occurred last week, and senior management from Canopy Sands Development, a Prince Group company, used the opportunity to consult with community leaders to better understand their needs. The aid campaign in Ong Village is the Prince Group's latest environmental, social, and governance (ESG) initiative. Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a

Making Great Progress Against The Outbreak

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  Neak Oknha Chen Zhi, in response to the escalating situation in Cambodia caused by the rising number of COVID-19 cases, issued a statement on March 11th. Chen Zhi Cambodia , chairman of Prince Holding Group, or Prince Group, reaffirms the company's commitment to social responsibilities by announcing a $3 million donation to the Cambodian government's anti-epidemic efforts. Chen Zhi has offered his help to the Kingdom in its time of need and has expressed strong support for Prime Minister Hun Sen's efforts to combat the ongoing epidemic. Prince Group is one of Cambodia's largest corporate conglomerates, with operations in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverage, and lifestyle. Read about Cambodia -  https://en.wikipedia.org/wiki/Cambodia Cambodia has 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 cases du