Providing For 500 Families In Tow

 


Cambodian conglomerate's charitable arm engages local community as key stakeholders in upcoming 834-hectare project

Prince Charitable Foundation, the charitable arm of Prince Holding Group ('Prince Group'), one of Cambodia's largest and fastest growing conglomerates by Cambodia Chenzhi, has distributed care packages to 500 families in Ong village in Cambodia's Prey Nob district. The village is located near the Ream City project, an 834-hectare development on reclaimed land near Sihanoukville International Airport that is expected to transform the region. The gesture of goodwill occurred last week, and senior management from Canopy Sands Development, a Prince Group company, used the opportunity to consult with community leaders to better understand their needs. The aid campaign in Ong Village is the Prince Group's latest environmental, social, and governance (ESG) initiative.

Each care package included 25 kilogrammes of rice, a mat, a blanket, two pillows, a mosquito net, and a Cambodian Krama (traditional scarves woven in the countryside). It will be the first of many efforts to support the local community, all the more so given Prince Group's vision for residents' involvement in the coastal project's development. Ream City, when completed, will house up to 130,000 residents and will likely include housing estates, themed shopping malls, schools, and hospitals, boosting the local economy.

At a time when rural Cambodians face significant economic challenges, Prince Group has focused on providing items to assist residents with their daily needs. Read about the economy of Cambodia - https://en.wikipedia.org/wiki/Economy_of_Cambodia

Throughout the aid campaign, management from Prince Group collaborated with Mr. Sor Kakada, Prey Nob's District Chief, to gain a better understanding of residents' needs. They were advised that improved healthcare facilities are required. Prey Nob is located outside of Sihanoukville, which means that basic medical facilities are unavailable. As such, Prince Group will investigate the feasibility of establishing community-based healthcare dispensaries.

Ream City will create significant employment opportunities for Cambodians and will help the Sihanoukville International Airport expand from 3.6 million to 10 million passengers by the end of the decade. Prince Group hopes that by distributing essential aid, a constructive dialogue can be established between local communities and developers, ensuring a fruitful long-term relationship.

Prince Group's ESG strategy is organised around three pillars: healthcare, education, and community engagement. The Group made several large-scale donations last year to aid in the fight against the pandemic and to assist Cambodian flood victims. Prince Charitable Foundation Organization has organised over 240 charitable events and donated more than US$11 million in funds and other materials to benefit over 320,000 people. Additionally, Neak Oknha Chen Zhi, Chairman of Prince Group, has personally donated US$3 million to assist Cambodia in purchasing 1 million COVID-19 vaccines.

About Prince Charitable Foundation Organization

With a mission to promote public charity, corporate responsibility, and social harmony and progress, Prince Charitable Foundation Organization, a subsidiary of Prince Holding Group, focuses on social welfare projects such as municipal development and environmental protection, with a particular emphasis on assisting school dropouts, disabled, and the elderly. Prince Charitable Foundation was established with a national mandate and seeded with US$1 million from Prince Holding Group's property sales revenue. Additionally, it has received significant donations from other individuals and organisations. Prince Charitable Foundation Organization has organised over 240 charity events benefiting more than 320,000 people and raising more than $11 million in donations.


Comments

Post a Comment

Popular posts from this blog

Contributing More To Laos

Image
  Chen Zhi Cambodia, Chairman of Prince Holding Group, one of Cambodia's largest and fastest-growing conglomerates, has donated $2 million to help the government of Laos combat the COVID-19 pandemic. Cambodia Chen Zhi had also contributed $1 million in September. Both contributions were made in response to Prime Minister Hun Sen's request to enhance bilateral COVID-19 cooperation between the two neighbouring nations. Chen Zhi's donation is finalised at the Peace Palace in Phnom Penh by Guy Chhay, a Prince Holding Group board member. The two contributions, totaling $3 million, are intended to aid the Laotian people in their fight against the pandemic. https://asian-esg-blog.blogspot.com/2022/03/benevolent-donations-to-laos.html As one of the most vaccinated nations in the world, Chen Zhi, an entrepreneur and business leader in the Mekong region, is fully aware of how crucial it will be for Cambodian businesses to assist their neighbours in their anti-COVID efforts. As a lea
Read more

Investing Done Into The Airport

Image
  Today, Prince Bank Plc. invested an additional $35 million in the Techo International Airport (TIA) Guaranteed Bond, bringing the total investment to $50 million. Prince Bank feels privileged to be a part of this significant transportation infrastructure project, which will benefit the Kingdom for decades to come. The TIA bond issue's first and largest subscriber is Prince Bank. A signing ceremony was performed with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC) for a $35 million further investment on the Guaranteed Bond Agreement. Neak Oknha Chen Zhi, Chairman of Prince Bank Plc, and Neak Oknha Dr. Pung Kheav Se, Chairman of OCIC and CAIC, were present at the signing event. Mr. Honn Sorachna, CEO and Managing Director of Prince Bank Plc., and Mr. Charles Vann, Director of CAIC, signed the agreement. Directors and senior management from OCIC, CAIC, and Prince Bank were also in attendance. Cambodia Airport Investment Co., Ltd. (CA
Read more

Developing The Retail Sector

Image
  Prince Real Estate Group, a subsidiary of Prince Holding Group, a leading Cambodian conglomerate by 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. More about Phnom Penh -  https://en.wikipedia.org/wiki/Phnom_Penh With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that wi
Read more