Wealth snippets for you

  Cambodian conglomerate brings world-renowned Singapore expertise to oversee 834-hectare project, sparking growth in Cambodia's third largest metropolis. Canopy Sands Development, a subsidiary of Prince Holding Group under Cambodia Prince Chenzhi , one of Cambodia's largest and fastest expanding conglomerates, has accepted a masterplan for Ream City created by Surbana Jurong Group, a Singapore-based global urban, infrastructure, and managed services firm. The masterplan defines a land use plan for the 834-hectare project, which will require a total investment of US$16 billion and will be built on reclaimed land within 10 minutes from Sihanoukville International Airport. Ream City will serve as a catalyst for the overall economic possibilities of the Sihanoukville region, which includes Cambodia's third-largest city and the country's deep-water port. Information on sustainability -  https://www.britannica.com/science/sustainability Ream City is designed to revitalise Si

  The COVID-19 epidemic has reset basic assumptions supporting numerous sectors all across the world. In Cambodia, environmental protection is becoming an important component of agricultural recovery efforts, and Neak Oknha Chen Zhi Prince Group are leading the way. Agriculture employs more than a third of Cambodians, and the current crisis presents an opportunity for the industry to “build back better,” according to the CGIAR, the world's largest agricultural research network. More about Cambodian agriculture -  https://en.wikipedia.org/wiki/Agriculture_in_Cambodia Developing countries, such as Cambodia, rely on agricultural exports and must shift away from traditional farming techniques that use fertilisers, pesticides, water-intensive processes, and legacy farming systems, all of which lead 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 cut

  Cambodian conglomerate's charitable arm engages local community as important players in future 834-hectare project Prince Charitable Foundation, the charitable arm of Prince Holding Group ('Prince Group'), one of Cambodia's largest and fastest expanding conglomerates under Prince Chenzhi , has provided care packages to 500 households in Ong village in Cambodia's Prey Nob province. The town is located near the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is expected to change the region. The gesture of goodwill occurred last week, when top management from Canopy Sands Development, a Prince Group company, used the opportunity to speak with community leaders to better understand their needs. The charity campaign in Ong Village is the Prince Group's latest environmental, social, and governance (ESG) effort. Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a mosquito n

  COVID-19 has emphasised the critical nature of environmental, social, and governance (“ESG”) activities in businesses worldwide. However, there was talk of reform even prior to the pandemic's emergence. The Business Roundtable (a group of 181 CEOs of America's major corporations) stated last year that businesses must "help 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 major conglomerates, recognised this and paved the way for other businesses in the Kingdom to follow ESG principles. Since April, the Group has provided multiple large-scale gifts 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 funds. For instance, in early December, Prince ChenZhi and PHG gave US$3 million to Cambo

  Prince Real Estate Group, a subsidiary of Prince Holding Group, a leading Cambodian conglomerate under Cambodia Chenzhi , 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 fitn

  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 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, accounti