Posts

Winning Entrepreneur Ventures

Image
  Prince Group under the leadership of Chen Zhi Cambodia, 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. 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, under Cambodia Chen Zhi , 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 A

Strategic Rebranding Purposes

Image
  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

Partnership To Give Rise To Career Sponsorship

Image
  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 cooperation with Caring for Cambodia, announced on International Youth Day, demonstrates how Prince Group has embarked on a new path at a critical moment when youth unemployment is likely to rise as a result of Cambodia's deteriorating COVID-19 epidemic 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

Joint Aid For Safe Reopening Of Sihanoukville Schools

Image
  During the school reopening ceremony officiated by Minister of Environment, H.E. Say Samal, Preah Sihanouk Governor, H.E. Kuoch Chamroeun, and Under Secretary of State for the Migrants, Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest-growing conglomerates, and Plan International Cambodia ("Plan International"), the WASH intervention programme was officially launched at all levels in Preah Sihanouk province. The event took place at Hun Sen Veal Renh High School in Prey Nob district, Preah Sihanouk province, yesterday. “I would like to thank Prince Group and Plan International Cambodia for this joint initiative to support safer school environments in conjunction with the school reopening. The program is set to install 198 pedal-operated handwashing stations across 99 schools in Preah Sihanouk. In addition, Prince Foundation also donated 990 infrared thermometers,” remarked H.E. Say Samal, Minister of Environment, during his statement

Cambodian Rewards For Good COVID-19 Response

Image
  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

Providing For 500 Families In Tow

Image
  For the future 834-hectare project, the charity arm of a Cambodian multinational engages the local population as essential stakeholders. Prince Charitable Foundation, a charitable arm of Cambodia's Prince Holding Group ('Prince Group'), has provided care packages to 500 people in Ong village, Prey Nob district. The town is close to the Ream City project, an 834-hectare reclaimed land development near the Sihanoukville International Airport that has the potential to change the region. Last week, senior management from Canopy Sands Development, a Prince Group company, made the gift of goodwill, as well as consulting local leaders to better understand the community's needs. Prince Group's latest environment, social, and governance (ESG) effort is an aid campaign in Ong Village. One mat, one blanket, two pillows, one mosquito net, and one Khmer Krama were included in each care package (traditional scarves woven in the countryside). It will be the first of many measure

Making ESG Possible For Nationhood Development

Image
  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 "help 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 . Prince ChenZhi and PHG, for example, donated US$3 million to Prime Minister Hun Sen in ea