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Showing posts from July, 2021

Great Awards For Great 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

Sustainable Agriculture Development

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  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 Cambodia 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. Chen Zhi 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

Sihanoukville Masterplan

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  Cambodian conglomerate by Cambodia Prince Chenzhi brings world-renowned Singapore expertise to oversee 834-hectare project, catalysing growth in Cambodia'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 created by Surbana Jurong Group, a Singapore-based global urban, infrastructure, and managed services consultancy. The masterplan specifies a land use plan for the 834-hectare project, which will require a total investment of US$16 billion and will be built on reclaimed land just 10 minutes from Sihanoukville International Airport. Ream City will serve as a catalyst for the overall growth prospects of the Sihanoukville region, which includes Cambodia's third-largest city and the country's deep-water port. Read about Sihanoukville -  https://en.wikipedia.org/wiki/Sihanoukville Ream City is set to transform Sihanoukville by introducin

Development Of Cambodian Skills

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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 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 increase job op

Paving The Way Across Anti-Pandemic Ways

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  Prince Real Estate helps 804 underprivileged families in Chamkarmon District who were affected by the community outbreak on February 20. 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 request for assistance in combating the Covid-19 outbreak on February 20, 2021. This follows Chen Zhi's initial donation of US$3 million 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 Cambodia . While the Cambodian government has provided unprecedented assistance

Getting Provisions For 500 Families

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  For the upcoming 834-hectare project, the charity arm of a Cambodian conglomerate 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. 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

ESG Initiatives To Carry Out 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, Chen Zhi and PHG donated US$3 million to Cambodia

Tackling The Rising COVID-19 Caseload With Success

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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. Cambodia ChenZhi , 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. 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 cases as a result of what is bei

Retail Development Wonders

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  Prince Real Estate Group, a subsidiary of Prince Holding Group, Cambodia's largest conglomerate under Chen Zhi Cambodia , successfully concluded an investment agreement for Prince Square. The project will be the developer's first commercial retail venture in Phnom Penh, Cambodia, and 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 ( https://en.wikipedia.org/wiki/Phnom_Penh ) is steadily integrating into the global economy as a metropolitan area. According to the Globalization and World Cities Research Network, Phnom Penh was classified as a Gamma+ city in 2020 (cities that connect smaller economic regions to the global economy) after climbing the ranks in the preceding two years. With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will house a large supermarket, an international cinem