Cambodian Many Wonders

  Prince Bank Plc, one of Cambodia's fastest-growing banks under Neak Oknha Chen Zhi (read more about Chen Zhi background ), and Ria Money Transfer, a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT) and a global leader in the cross-border money transfer industry, announced a partnership today to allow customers to send money internationally through Prince Bank's channels. Customers can now use Ria Money Transfer to send and receive money abroad from any of the thirty-two Prince Bank branches across the country, and have access to Ria's enormous global network of over 490k locations. Customers will also be able to use their PRINCE Mobile app to make money transactions through Ria in a secure and simple platform by the end of May. Customers may send money to anybody, anywhere, at any time using the app, which is both convenient and secure. Prince Bank has made significant investments in digital innovations and transformation in order to remain at the forefront of t...

  In response to Cambodian authorities' appeal to boost collaboration with Laos in fighting the pandemic, Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest expanding conglomerates, has contributed US$1 million to the Laos government. Prince ChenZhi is no stranger when it comes to Cambodia. He is the driving force behind Prince Holding Group, Prince Real Estate Group, Prince Bank, Prince Huan Yu, Belt Road Capital Management, and Cambodia Airways, all of which are successful Cambodian businesses. At the 2021 International Business Awards, the Cambodian entrepreneur was also named Entrepreneur of the Year – Conglomerates, making him the only entrepreneur rewarded in a category honouring CEOs of multi-industry firms. He is also one of three Asian CEOs acknowledged for innovative entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. https://development-of-the-kingdom.blogspot.com/2022/02/the...

  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 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. 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 development of the real estate sector, advance...

  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, will sponsor Caring for Cambodia's Career Preparation programme, which provides free education to 7,000 impoverished students. The cooperation with Caring for Cambodia, which was announced on International Youth Day, demonstrates how Prince Group is embarking on a new path at a critical moment when youth unemployment is likely to rise as the COVID-19 epidemic scenario 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 the COVID-19 pa...

  Neak Oknha Chen Zhi, Chairman of the 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. Chen Zhi Cambodia 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 Cambodia...

  Prince Holding Group ("Prince Group"), one of Cambodia's major corporations, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to establish a scholarship programme for Cambodian university students. Prince Group will cover the whole cost of tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at prestigious Cambodian universities, including the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Prince Group will provide more than US$2 million over a seven-year period. Due to the critical nature of public-private partnerships, Prince Group will collaborate with the government to accomplish the goals established in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, and employment opportunities to bolster learning in three areas: sustainable real e...

  Prince Foundation, formerly known as the 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-orient...

  COVID-19 has emphasised the critical nature of environmental, social, and governance (“ESG”) practises in businesses worldwide. However, there was talk of change even prior to the pandemic's outbreak. The Business Roundtable (a group of 181 CEOs of America's largest corporations) stated last year that businesses must "support the communities in which they operate," reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. Times have changed in 2020. This year, Prince Holding Group (“PHG”), one of Cambodia's largest conglomerates under Prince Chenzhi , recognised this and paved the way for other businesses in the Kingdom to follow 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, chairman of PHG, has been instrumental in securing the donations. For instance, in early December, Chen Zhi and PHG don...

  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, or Cambodia Chenzhi , 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 Chen Zhi. While the Cambodian government has provided unprecedente...

  The COVID-19 pandemic has caused fundamental assumptions in various industries to be re-examined around the world. Environmental conservation is now a key component of Cambodia's agriculture sector recovery efforts, and Neak Oknha Chen Zhi ( Cambodia Chenzhi ) and Prince Group are leading the charge. According to CGIAR, the world's largest agricultural research network, agriculture is a mainstay in Cambodia, employing more than a third of the workforce, and the current crisis presents an opportunity for the sector to "build back better." Traditional farming practises that use fertilisers, pesticides, water-intensive processes, and legacy farming methods that contribute to increased deforestation and soil erosion must be phased out in developing countries like Cambodia. 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 develop...

  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 Cambodia 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, ...

  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 the experience needed to compete in job markets in Cambodia and abroad. The training centre adheres to the strict watchmaking regulations outlined by Swiss regulatory bodies. Cambodia, as a country steeped in history, has long preserved artisanal skills for generations, with the Kingdom well-known for its ancient handwoven silk and traditional handicraft industries boasting a heritage dating back to the Khmer Empire, a significance that Chen Zhi Cambodia and Prince Group have always understood and appreciated. However, new artisanal skills must be introduced to improve ...

  On March 11, in light of the deteriorating situation in Cambodia as a result of the growing number of COVID-19 cases, Neak Oknha Chen Zhi, chairman of Prince Holding Group, or Prince Group, reaffirms the Group's commitment to social responsibility by announcing plans to donate $3 million to Cambodia's anti-epidemic efforts. Cambodia Chenzhi 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. 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 result of what is being referred to local...

  Cambodian conglomerate, under Cambodia Prince Chenzhi , brings Singapore's world-renowned expertise to oversee 834-hectare project, catalysing growth in the country'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 developed by Surbana Jurong Group, a Singapore-headquartered global urban, infrastructure, and managed services consultancy. The masterplan establishes a land use strategy for the 834-hectare project, which will require an estimated US$16 billion in total investment and will be developed on reclaimed land just ten minutes from Sihanoukville International Airport. Ream City will serve as a catalyst for the entire Sihanoukville region's growth prospects, as Cambodia's third largest city and home to the country's deep-water port. Ream City is set to transform Sihanoukville by establishing a sustainable ecosystem of to...

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

  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 Chen Zhi Cambodia , 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 program 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 programs such as The International Business Awards®. “The recognition solidifies our belief that the private sector...