Many Wonderful Cambodian Things

  Today, Prince Bank Plc. invested an additional $35 million in the Techo International Airport (TIA) Guaranteed Bond, bringing the total investment to $50 million. Prince Bank is proud to be a part of this significant transportation infrastructure development, which will benefit the Kingdom for decades to come. The first and now largest subscriber to the TIA bond issue is Prince Bank. A signing ceremony was held with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC) for the additional investment of $35 million on the Guaranteed Bond Agreement. Neak Oknha Dr. Pung Kheav Se, Chairman of OCIC and CAIC, and Neak Oknha Chen Zhi, Chairman of Prince Bank Plc, were present at the signing ceremony. Mr. Honn Sorachna, CEO and Managing Director of Prince Bank Plc., and Mr. Charles Vann, Director of CAIC, signed the agreement. The Directors and Senior Management of OCIC, CAIC, and Prince Bank were also present. (Learn who is Chen Zhi ) The Techo...

  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest-growing conglomerates, has signed a memorandum of understanding (MoU) with Plan International Cambodia, one of the world's leading development and humanitarian organisations advancing children's rights and gender equality, for a project to install pedal-operated handwashing stations at all school levels in Preah Sihanouk province. The Memorandum of Understanding (MoU) was signed at the Ministry of Education, Youth, and Sport (MoEYS) in Phnom Penh, alongside H.E. Dr. HANG Chuon Naron, Minister of Education, Youth, and Sport. During the event, Minister H.E. Dr. HANG Chuon Naron took the opportunity to greet Prince Group Cambodia and Plan International Cambodia delegates with best wishes. In addition to this project, he thanked Prince Group for their active participation in previous years and expressed his enthusiasm for future initiatives that will benefit the education sector. H.E. Dr. ...

  Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest expanding businesses, has made a US$2 million donation to support the Laotian government in its fight against the COVID-19 pandemic. Cambodia ChenZhi had also provided $1 million earlier in September. Both donations reflected Prime Minister Hun Sen's call for the two neighbouring countries to boost bilateral COVID-19 collaboration. Guy Chhay, a board member of Prince Holding Group, completes the donation on Chen Zhi's behalf at the Peace Palace in Phnom Penh. The two donations, which total US$3 million, are intended to assist the Laotian people in their fight against the pandemic. With Cambodia being one of the most vaccinated countries in the world, Chen Zhi, an entrepreneur and Mekong region business leader, understands how critical it will be for Cambodian enterprises to support surrounding countries' anti-COVID efforts. Prince Holding Group, as a significant Cambodian fir...

  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest-growing conglomerates, is pleased to announce that Prince Group Chairman Neak Oknha Chen Zhi ("陈志公爵") has been named Entrepreneur of the Year – Conglomerates at the 2021 International Business Awards. Neak Oknha Chen Zhi is the sole entrepreneur recognised in a category honouring multi-industry business leaders. During one of the most difficult years in corporate leadership, Neak Oknha Chen Zhi is one of three Asian CEOs who have been acknowledged for their innovative entrepreneurialism in several areas. Neak Oknha Chen Zhi is one of a new wave of conglomerate CEOs who are looking for new ways to do business while also contributing to societal goals. Prince Group also received a Bronze Award in the Most Valuable Corporate Response (COVID-19 category), just three months after winning the finest COVID-19 Corporate Response at the ninth annual Asia-Pacific Stevie Awards in May. Learn mo...

  Prince Foundation, formerly known as Prince Charitable Foundation, has unveiled a new logo, name, and vision statement – "Together, Building a Better Future for Cambodia." Prince Foundation is the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest conglomerates, with various units focusing on three core areas: real estate development, financial services, and consumer services. In Chinese, Prince Foundation will be known as 太子慈善 (translated as "Prince Foundation"). The rebranding exercise follows an exhaustive review of Prince Foundation's previous six years of high-impact philanthropic activities, during which time it held more than 250 charity events benefiting more than half a million Cambodians, with total donations exceeding US$14 million. As a result of the emerging trend among similar foundations in Asia – more charitable foundations in the region are seeking to become more strategic and investment-oriented i...

  For the upcoming academic year, Prince Charitable Foundation, the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, will sponsor the Career Preparation programme run by Caring for Cambodia, a leading charity that provides free education to 7,000 impoverished students. The partnership with Caring for Cambodia, announced on International Youth Day, exemplifies how Prince Group has embarked on a new journey at a critical time when youth unemployment in Cambodia is expected to rise due to the worsening COVID-19 pandemic situation. Prince Group hopes to invest in Cambodia's future by empowering and validating an institutional approach to youth development by supporting the Career Preparation programme. “We are pleased to partner with Prince Holding Group as we look to expand and enhance our Career Preparation program,” said Jamie Amelio, Founder and CEO of Caring for Cambodia. “In the new environment def...

  Cambodia Prime Minister Hun Sen addressed the 14th Cambodian Import-Export Goods Exhibition in December 2019, an event intended to highlight the country's favourable business and investment climate, and stated unequivocally that Cambodia is open for business, saying, ‘To ensure a sound macroeconomic environment and political and social stability, the government welcomes all investors to do business and invest in the Kingdom.' Cambodia has an estimated 100,000 expatriates who come for a variety of reasons, including low living costs, business opportunities, a relaxed lifestyle, and the influence of Buddhist culture. Let's look at some of the advantages right now. 1. Rapid economic growth Cambodia had one of the world's fastest-growing economies between 1998 and 2018, with an annual growth rate of 8%. The primary drivers of development have been the garment and tourism industries. Cambodia has undergone a major transformation over the last two decades, according to the ...

  Cambodian conglomerate under Cambodia 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. Ream City is set to transform Sihanoukville by introducing a sustainable ecosystem of tourism, commercial, and residential activity c...

  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 by Chen Zhi Prince Group , 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 s...

  The charity arm of a Cambodian conglomerate involves the local community as key stakeholders 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 growing conglomerates, has distributed care packages to 500 families in Ong village, Prey Nob district, Cambodia. The village is close to the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is set to transform the region. The gesture of goodwill occurred last week, and senior management from Canopy Sands Development, a member of the Prince Group, used the opportunity to consult 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) initiative. Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a mosquito net, and ...

  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 Prince Chenzhi . While the Cambodian government has provided unprecedented assistance, ac...

  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. 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 ...

  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 PHG Chairman, Neak Oknha Chen Zhi, has been the driving force behind the donations. For example, in early December, Cambodia Chenzhi and PHG gave Prime ...

  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...

  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 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 cinema, a fitness centre, international restaurant...