Functional Society

  Many people's working life have been altered as a result of the global pandemic, including those in Cambodia. As a good corporate citizen, Chairman Neak Oknha Chen Zhi (陈志公爵) 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 master a new artisanal skill – watchmaking – and gain the expertise needed to compete in job markets in Cambodia and abroad. The training institution adheres to the strict watchmaking criteria specified by Swiss regulatory organisations. 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 Prince Group have always understood and appreciated. https://wonderful-cambodia-things.blogspot.com/2021/07/top-9-rea...

  Prince Real Estate Group, a subsidiary of Prince Holding Group, Cambodia's largest conglomerate by Chen Zhi Prince Group , 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 bevvy of well-known brands to the city, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut. Phnom Penh is steadily integrating into the global economy as a metropolitan centre. Phnom Penh was classed as a Gamma+ city (cities that integrate smaller economic regions into the global economy) in 2020, according to the Globalization and World Cities Research Network, after climbing up the ranks during the previous two years. Click here With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will have a huge supermarket, an international cinema, a health club, international res...

  On March 11, in response to the escalating situation in Cambodia caused by the rising number of COVID-19 cases, Neak Oknha Chen Zhi, chairman of Prince Holding Group, better known as Prince Group, affirms the Group's commitment to social responsibilities by announcing plans to donate $3 million to Cambodia's anti-epidemic efforts. Chen Zhi has offered his help during the Kingdom's time of need and has shown strong support for Prime Minister Hun Sen's efforts to tackle the current epidemic. https://wonderful-world-72.webselfsite.net/blog/2021/06/16/cambodian-project-esg Prince Group Cambodia is one of Cambodia's greatest corporate conglomerates, having operations in real estate development, banking and finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle. Cambodia had recorded 1,163 coronavirus cases as of 7 a.m. on March 11. While more than half of the patients have been cured, the Kingdom has recently observed a rise in cases as a...

  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi 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 unprecedented assistance, accounting for 5% of GDP to date and totaling $1.16 billion, Prince Group recognises that private enterprises must also play an important role in...

  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 (陈志公爵) was the driving force behind the donations. Prince ChenZhi and PHG, for example, donated US$3 million to Prime Minister ...

  Prince Charitable Foundation, a charitable arm of Cambodia's Prince Holding Group ('Prince Group'), has distributed care packages to 500 families in Ong village, Prey Nob district. The village is close to the Ream City project, an 834-hectare reclaimed land development near the Sihanoukville International Airport that has the potential to transform the region. Last week, senior management from Canopy Sands Development ( Canopy Sands Cambodia ), a Prince Group company, made the gesture of goodwill, as well as consulting local leaders to better understand the community's needs. Prince Group's latest environment, social, and governance (ESG) initiative is an aid campaign in Ong Village. https://sites.google.com/view/advanced-development/making-esg-possible-for-people 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 efforts to help th...