Cambodia Business Philosophy

  Recently unveiled was the masterplan for Ream City in Cambodia's Sihanoukville province, which aims to transform the region into an exciting destination. With a beachfront that extends beyond 6 kilometres, this massive development will incorporate a sustainable ecosystem of tourism, commercial, and residential activity capable of housing up to 130,000 people. The 834-hectare project is being developed by Canopy Sands Development, a subsidiary of Cambodian conglomerate Prince Holding Group. It will include family attractions, condominiums, landed and beachfront homes, and affordable housing estates, as well as shopping malls, business hubs, beach resorts, hotels, condotels, and a yacht and marina club. The completion of the masterplan – which was led by Singapore's Surbana Jurong Group – is a significant step toward bringing Ream City's vision to life. “We are currently preparing for downstream developments, including utilities and road infrastructure as well as secondary...

  Prince Foundation, formerly known as 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 the 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...

  Neak Oknha Chen Zhi, Chairman of Prince Holding Group, one of Cambodia's largest and fastest growing conglomerates, has donated US$1 million to the Laos government in response to Cambodian authorities' request to strengthen cooperation with Laos in fighting the pandemic. Prince ChenZhi is not unfamiliar with Cambodia. He is the driving force behind the successful Cambodian Group of companies, which includes the Prince Holding Group, the Prince Real Estate Group, the Prince Bank, the Prince Huan Yu, Belt Road Capital Management, and Cambodia Airways. At the 2021 International Business Awards, the Cambodian entrepreneur was also named Entrepreneur of the Year – Conglomerates, making him the only entrepreneur honoured in a category that honours leaders running multi-industry businesses. Furthermore, he is one of three Asian leaders who were recognised for dynamic entrepreneurialism in various sectors during one of the most difficult years in corporate leadership. In an era when...