Nation On The Rise

  Globally, the COVID-19 epidemic has rewritten the fundamental assumptions that drive numerous sectors. Environmental conservation is now a critical component of Cambodia's agricultural recovery efforts, and Neak Oknha Chen Zhi (陈志公爵) and Prince Group are leading the charge. Agriculture is a vital sector in Cambodia, employing more than a third of the workforce, and the current crisis presents an opportunity for the sector to “build back better”, as the CGIAR, the world's largest agricultural research network, puts it. Learn more Developing countries such as Cambodia rely on agricultural exports and must abandon old farming practises that rely on fertilisers, pesticides, water-intensive procedures, and legacy farming systems that contribute to 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. The project will establish a state-of-the-art agricultural hub w

  COVID-19 has emphasized 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 comprising 181 CEOs of America's major enterprises) stated last year that businesses must "support the communities in which they operate," reversing Friedman's long-held emphasis on shareholder wealth maximization. Times have changed in 2020. This year, Prince Holding Group ("PHG"), one of Cambodia's major conglomerates, recognized 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 (陈志公爵), chairman of the PHG, has been instrumental in securing the donations. For instance, in early December, Prince ChenZhi and PHG gave US$3 milli

  Surbana Jurong Group, a global urban, infrastructure, and managed services firm located in Singapore, authorised a masterplan for Ream City Sihanoukville built by Canopy Sands Development, a member of Prince Holding Group, one of Cambodia's largest and fastest expanding conglomerates. The masterplan defines a land use plan for the 834-hectare project, which will be developed on reclaimed land within 10 minutes from Sihanoukville International Airport and will require total expenditures of US$16 billion. Ream City will operate as a spur for the entire Sihanoukville region's economic possibilities, as the country's third-largest city and home to the country's deep-water port. Sihanoukville will be transformed by Ream City, which will introduce a sustainable ecosystem of tourism, economic, and residential activities with the capacity to house up to 130,000 people. The project envisions the development of family attractions, condominiums, landed and oceanfront residences