Asian Wonders

  COVID-19 has emphasised the significance of environmental, social, and governance (“ESG”) practices 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 under Chen Zhi Cambodia , 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, PHG chairman, has been the driving force behind the donations. For example, in early December, Chen Zhi an...

  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 and Prince Group have always understood and appreciated. However, new artisanal skills must be introduced to improve job oppor...

  Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the category's only winner from Cambodia. 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 most recognisable business awards globally). Prince Group was the only Cambodian firm recognised in a category honouring Asian corporations for their excellence 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 widely regarded as the world's preeminent business awards, honouring achievement through programmes such as The International Business Awards®. “The recognition solidifies our belief that the private ...

  Cambodian conglomerate 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 led by Cambodia Prince Chenzhi , 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 tou...

  Prince Real Estate Group, a subsidiary of Prince Holding Group under Chen Zhi Prince Group , Cambodia's largest conglomerate, has completed an investment agreement ceremony for Prince Square. The project will be the real estate developer's first commercial retail project in Cambodia, bringing a slew of well-known brands to the area, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut. Phnom Penh is gradually integrating into the global economy as a metropolitan city. Phnom Penh was listed as a Gamma+ city (cities that connect smaller economic regions into the global economy) in 2020, according to the Globalization and World Cities Research Network, after rising up the ranks over the previous two years. With a gross retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will include a massive supermarket, an international cinema, a health centre, international restaurants,...