Khmer Development

  Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates, is pleased to announce that its 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 Cambodia is the only entrepreneur recognised in a category honouring leaders who run multi-industry businesses. Neak Oknha Chen Zhi is one of three Asian leaders recognised for dynamic entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. Neak Oknha Chen Zhi is one of a new wave of conglomerate leaders considering innovative approaches to business that also contribute to societal goals. Furthermore, Prince Group received a Bronze Award in the Most Valuable Corporate Response (COVID-19 category), just three months after winning the best COVID-19 Corporate Response at the eighth annual Asia-Pacific Stevie Awards in May. Read more here More than 3,8...

  For the coming academic year, Prince Charitable Foundation, the charitable arm of Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest growing conglomerates under Prince Chenzhi , will sponsor Caring for Cambodia's Career Preparation programme, which provides free education to 7,000 impoverished students. The partnership with Caring for Cambodia, which was announced on International Youth Day, demonstrates how Prince Group is embarking on a new journey at a critical time when youth unemployment is expected to rise as the COVID-19 pandemic situation in Cambodia worsens. 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 defined by...

  Prince Foundation, formerly known as Prince Charitable Foundation, has unveiled a new logo, a new name, and a new mission 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 several subsidiaries focused on three primary areas: real estate development, financial services, and consumer services. In Chinese, Prince Foundation will be referred to as 太子慈善 (translated as "Prince Foundation"). The rebranding exercise follows an intensive examination of Prince Foundation's six years of high-impact charitable activities, during which it organised more than 250 charity events benefiting more than half a million Cambodians and raising more than US$14 million in cumulative donations. In line with a growing trend among similar foundations in Asia – more charitable foundations in the region are pursuing a more strategic and...

  The 834-hectare project will be overseen by a Cambodian corporation by Cambodia Chenzhi with world-renowned expertise from Singapore, sparking growth in Cambodia's third largest city. Surbana Jurong Group, a global urban, infrastructure, and managed services firm located in Singapore, authorised a masterplan for Ream City built by Canopy Sands Development, a member of Prince Holding Group, one of Cambodia's largest and fastest expanding conglomerates. The masterplan defines a land use plan for the 834-hectare project, which will be developed on reclaimed land within 10 minutes from Sihanoukville International Airport and will require total expenditures of US$16 billion. Ream City will operate as a spur for the entire Sihanoukville region's economic possibilities, as the country's third-largest city and home to the country's deep-water port. Sihanoukville will be transformed by Ream City, which will introduce a sustainable ecosystem of tourism, economic, and resid...

  Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the category's lone winner from Cambodia. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest expanding conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the ninth annual Asia-Pacific Stevie Awards (one of the most recognised business awards globally). Prince Group was the only Cambodian firm recognised in a category honouring Asian corporations for their proficiency in COVID-19-related crisis management. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation across the Asia-Pacific region's 29 countries. For 19 years, The Stevie Awards have been generally regarded as the world's preeminent business awards, honouring success through events such as The International Business Awards®. “The recognition solidifies our belief that the private secto...

  The relevance of environmental, social, and governance (ESG) practises at enterprises around the world has been highlighted during COVID-19. However, even before the pandemic, there was talk of reform. Last year, the Business Roundtable (a group comprising 181 CEOs of America's major 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 major conglomerates, realised this and paved the way for other enterprises in the country to follow ESG principles. Since April, the Group has given a number of major gifts to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi, PHG chairman, has been the driving force behind the donations . Chen Zhi and PHG, for example, donated US$3 million to Prime Minister Hun Sen in early ...

  Prince Real Estate offers daily necessities to 804 impoverished families in Chamkarmon District afflicted 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 responded to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak in the Kingdom by announcing plans to donate US$3 million to anti-pandemic efforts in the Kingdom. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccinations. Additionally, following in the footsteps of Prince Group and Prince ChenZhi , Prince Real Estate, a subsidiary of Prince Group, distributed critical food supplies to 804 families in need and 234 members of the Cambodian police force in Chamkarmon District, Phnom Penh, Cambodia, which was impacted by the February 20, 2021 Covid-19 outbreak. Read about the...