Great Glory Kingdom

  Ms. Chutth Chenda, a Cambodian employee of Prince Real Estate, won first place in the Cambodia ASEAN Chairmanship logo design competition organised by the Ministry of Foreign Affairs and International Cooperation ("MFAIC"). Prince Holding Group ("Prince Group") is one of Cambodia's largest and fastest-growing conglomerates. Chenda was one of four Prince employees that participated in the exercise. Chenda got a US$1,000 cash prize from MFAIC for her winning entry. Prince Group management has agreed to match the monetary prize with an equal gift to recognise her efforts and accomplishments. As a sign of thanks, the other three contestants will also receive token gifts. MFAIC unveiled the winning logo design on October 28th, the same day Cambodia symbolically took over the ASEAN chairperson from Brunei in an official ceremony. The Association of Southeast Asian Nations, or ASEAN, is the preeminent economic union in Southeast Asia that promotes the member states...

  Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest growing conglomerates, has donated US$1 million to the Laos government in response to Cambodian authorities' request to strengthen cooperation with Laos in fighting the pandemic. Read about Chen Zhi background . Chen Zhi is not unfamiliar with Cambodia. He is the driving force behind the successful Cambodian Group of companies, which includes Prince Holding Group, Prince Real Estate Group, Prince Bank, Prince Huan Yu, Belt Road Capital Management, and Cambodia Airways. At the 2021 International Business Awards, the Cambodian entrepreneur was also named Entrepreneur of the Year – Conglomerates, making him the only entrepreneur honoured in a category that honours leaders running multi-industry businesses. Furthermore, he is one of three Asian leaders who were recognised for dynamic entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. Lear...

  Prince Holding Group ("Prince Group"), one of Cambodia's largest conglomerates, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to launch a scholarship programme for Cambodian university students. Prince Group, led by Prince Chenzhi , will cover all tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at top Cambodian universities such as the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Over the course of seven years, Prince Group will contribute more than $2 million. Read more here Because public-private partnerships are critical, Prince Group will collaborate with the government to achieve the goals outlined in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, and job opportunities to help them learn in three areas: sustainable develo...

  At the 2021 Asia Responsible Enterprise Awards, Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest expanding conglomerates, was honoured for responsible entrepreneurship (AREA). Prince Group was recognised for its high-impact work in Cambodia during the COVID-19 pandemic. Chen Zhi Prince Group got its fifth award this year, highlighting the company as a leading Asian enterprise advocating sustainable development in Cambodia and beyond the ASEAN region, according to regional and international judging panels. https://en.wikipedia.org/wiki/Economy_of_Cambodia AREA, which was founded in 2011, looks for instances of green leadership, human capital investment, health promotion, social empowerment, corporate governance, circular economy leadership, and responsible business leadership. It has worked to build a community of like-minded peers so that Asia's greatest businesses may learn from one another, and Prince Group is the latest addition to th...

  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 the Prince Holding Group ("Prince Group"), one of Cambodia's largest corporations, with numerous subsidiaries focused 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 intensive analysis 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 gifts reaching 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-orie...

  Prince Charitable Foundation, the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, will sponsor Caring for Cambodia's Career Preparation programme for the upcoming academic year. Caring for Cambodia is a leading charity that provides free education to 7,000 impoverished students. The partnership with Caring for Cambodia, announced on International Youth Day, demonstrates how Prince Group has embarked on a new path at a critical time when youth unemployment is expected to rise as a result of Cambodia's deteriorating COVID-19 pandemic situation. Prince Group seeks to invest in Cambodia's future by empowering and validating an institutional approach to youth development through its support of 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 Ca...

  The 834-hectare project will be overseen by a Cambodian corporation 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 residential activities wit...

  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 under Cambodia Chenzhi , 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 sec...

  In December 2019, Cambodian Prime Minister Hun Sen addressed the 14th Cambodian Import-Export Goods Exhibition, an event aimed at highlighting the country's favourable business and investment climate, and stated unequivocally that Cambodia is open for business, stating, ‘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 is home to an estimated 100,000 expatriates who come for a variety of reasons, including low living costs, business opportunities, a laid-back lifestyle, and the Buddhist culture's influence. Now, let's take a look at some of the advantages. 1. Rapid economic growth Between 1998 and 2018, Cambodia had one of the fastest-growing economies in the world, growing at an annual rate of 8%. The primary engines of development have been the garment and tourism industries. Cambodia, according to the World Bank, has undergone a significant trans...

  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 Prince Chenzhi , 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 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 mosqui...

  Prince Real Estate provides daily necessities to 804 impoverished families in Chamkarmon District 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 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 vaccines. Additionally, following in the footsteps of Prince Group and Chen Zhi, 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. While the Cambodian gov...

  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, Cambodia Prince Chenzhi and PHG donated US$3 mill...

  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 Cambodia Chenzhi and Prince Group have always understood and appreciated. New artisanal skills, on the other hand, must be introd...

  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. 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 plant th...

  Prince Real Estate Group, a subsidiary of Prince Holding Group, a leading Cambodian conglomerate under Chen Zhi Cambodia , 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, a fit...

  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, 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. Neak Oknha Chen Zhi Prince Group 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. 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 due to what has been dubbed the "February 20...