The Rise Of Cambodia

  Canopy Sands Development, a subsidiary of Prince Holding Group, one of Cambodia's largest and fastest expanding conglomerates, has accepted a masterplan for Ream City created by Surbana Jurong Group, a Singapore-based global urban, infrastructure, and managed services firm. The masterplan defines a land use plan for the 834-hectare project, which will require a total investment of US$16 billion and will be created on reclaimed land about 10 minutes' drive from Sihanoukville International Airport. Ream City will serve as a catalyst for the overall economic possibilities of the Sihanoukville region, which includes Cambodia's third-largest city and the country's deep-water port. Ream City is designed to revitalise Sihanoukville by introducing a sustainable ecosystem of tourism, business, and residential activity capable of housing up to 130,000 people. Upon completion, the project proposes the development of family attractions, condominiums, landed and beachfront reside...

  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 aimed at 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 role to play in contributing to global recovery. We will continue to assist the community in Cambodia as we respond to the latest...

  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 Neak Oknha Chen Zhi (陈志公爵) has been the driving force behind the donations. For example, in early December, Cambodia ChenZhi and PHG...

  On March 11, in light of the deteriorating situation in Cambodia as a result of the increasing number of COVID-19 cases, Neak Oknha Chen Zhi, chairman of Prince Holding Group, or Prince Group, reaffirmed the Group's commitment to social responsibility by announcing plans to donate $3 million to the Cambodian government's anti-epidemic efforts. Chen Zhi Prince Group has offered assistance to the Kingdom during this difficult time and expressed strong support for Prime Minister Hun Sen's efforts to combat the ongoing epidemic. Read more here Prince Group is one of Cambodia's largest corporate conglomerates, with operations in a variety of industries, including real estate development, banking and finance, aviation, tourism, logistics, information technology, food and beverage, 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 an increase in cases as a r...

  Prince Real Estate Group, a subsidiary of Prince Holding Group, a leading Cambodian conglomerate, led by Chen Zhi Prince Group , 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,...

  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 in Cambodia's Prey Nob district. The village is located near the Ream City Sihanoukville 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 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 mosquito net, and a Cambodian Krama (traditional scarves woven in the countryside). It will be the first of many efforts to support...