All Things Cambodian To Read

  The blueprint for Ream City, in Cambodia's Sihanoukville province, was recently announced, with the goal of transforming the area into an appealing tourist attraction. This large-scale development, which spans more than 6 kilometres of oceanfront, will include a sustainable ecosystem of tourism, commercial, and residential activity, with the capacity to house up to 130,000 people. The 834-hectare project is being developed by Canopy Sands Development , a subsidiary of the Cambodian conglomerate Prince Holding Group, and will include family attractions, condominiums, landed and beachfront homes and affordable housing estates, shopping malls, business hubs, beach resorts, hotels, condotels, and a yacht and marina club. Read more here The concept, which was completed by Singapore-based Surbana Jurong Group, is a significant step toward making Ream City's vision a reality. “We are currently preparing for downstream developments, including utilities and road infrastructure as well

  For the coming academic year, 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, which provides free education to 7,000 impoverished students. The cooperation with Caring for Cambodia, which was announced on International Youth Day, demonstrates how Prince Group is embarking on a new path at a critical moment when youth unemployment is likely to rise as the COVID-19 epidemic scenario in Cambodia worsens. Prince Group hopes to invest in Cambodia's future by empowering and validating an institutional approach to youth development by supporting 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 Cambodia. “In the new environment defined by the COVID-19 pa

  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 Prince Holding Group, Prince Real Estate Group, Prince Bank, 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. Read more here In an era when

  Despite the devastating effects of COVID-19 on Southeast Asian economies, Cambodia remains a desirable investment destination for real estate investors due to its unique position at the crossroads of several trends. Cambodia has undergone a significant transformation since the Khmer Rouge disbanded 20 years ago. The country, which was once known for widespread poverty and civil strife, has outperformed expectations, achieving lower-middle-income status by 2015 and aiming for upper-middle-income status by the end of the decade. It has not experienced a recession in more than two decades. Cambodia is an important member of the ASEAN community and a key hub for China's Belt and Road Initiative. For several years, however, Cambodia has seen an increase in foreign investment from a variety of sources. It appears to be benefiting from a reshoring drive recently, as businesses seek to relocate or expand their operations in Southeast Asia. Cambodia not only has cheap labour, but it also

  In December 2019, Cambodian Prime Minister Hun Sen addressed the 14th Cambodian Import-Export Goods Exhibition, an event aimed at highlighting the country's favourable business and investment climate, and stated unequivocally that Cambodia is open for business, stating, ‘To ensure a sound macroeconomic environment and political and social stability, the government welcomes all investors to do business and invest in the Kingdom.' Cambodia is home to an estimated 100,000 expatriates who come for a variety of reasons, including low living costs, business opportunities, a laid-back lifestyle, and the Buddhist culture's influence. Now, let's take a look at some of the advantages. 1. Rapid economic growth Between 1998 and 2018, Cambodia had one of the fastest-growing economies in the world, growing at an annual rate of 8%. The primary engines of development have been the garment and tourism industries. Cambodia, according to the World Bank, has undergone a significant trans

  Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the only firm in Cambodia to do so. 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 world's most recognisable business awards). The Prince Group was the only Cambodian firm recognised in a category recognising excellence in COVID-19-related crisis management by Asian corporations. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation in all 29 Asian countries. For 19 years, the Stevie Awards have been widely regarded as the world's premier business awards, conferring recognition for achievement in programmes such as The International Business Awards®. “The recognition solidifies our belief that the private sector has an important