User:OCIC Cambodia/sandbox

Pung Kheav Se
ពុង ឃាវសែ
Pung in 2022
Born
NationalityCambodian
Alma materRoyal Academy of Cambodia (DBA)
Occupation(s)Businessman, investor, philanthropist
Years active1991–present
Known forFounder and Chairman of Canadia Group, Overseas Cambodian Investment Corporation (OCIC), and Canadia Investment Holdings (CIH)
Chinese name
Simplified Chinese方僑生
Traditional Chinese方侨生

Pung Kheav Se (Khmer: ពុង ឃាវសែ; Chinese: 方侨生) is a Cambodian businessman, investor and philanthropist. He is the founder and chairman of Canadia Group, a multinational conglomerate which counts among its sectors OCIC and CIH. In addition, he founded Canadia Bank, one of Cambodia's oldest and largest commercial banks in terms of assets and net holding.

Early life

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Pung was born in the early 1940s and is a Cambodian of Chinese Teochew descent. With the country taken over by the Khmer Rouge in 1975, Pung fled to neighboring Thailand to seek refuge in a Thai refugee camp. After leaving the camp in 1980, Pung soon secured a job as a salesman and later became a goldsmith in Montreal, Canada where he would spend the next eleven years of his life until his return to Cambodia in the early 1990s

Business career

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Early business career

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Pung started his career as a goldsmith operating from a small kiosk in a grocery shop in Montreal, Canada's Chinatown. Later on, his business would continue to expand and include other services such as remittances and money transfer services as more and more Overseas Cambodians from Canada began to remit money back to Cambodia.

Returning from Canada to Cambodia

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In 1991, Pung returned to Cambodia, where he began offering financial services and issuance of gold coins with the establishment of the Canadia Gold & Trust Corporation, a joint venture between Pung and the National Bank of Cambodia which would later become Canadia Bank. In the years that followed, Pung served as a longtime Chairperson of the Association of Banks of Cambodia and has since been reknowned as Cambodia's banking pioneer and foremost financial magnate.

Canadia Bank

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Upon his return to his country of birth, Pung returned to the Kingdom and in that same year opened the Canadia Gold & Trust company, a joint venture between Dr. Pung and National Bank of Cambodia to provide services such as issuance of gold coins and other financial services.

In 1995, the Canadia Gold & Trust business would become Canadia Bank after securing a commercial license to operate one of Cambodia's first commercial banks. Since its inception and privitization in 1998, Canadia Bank has grown into one of the largest commercial banks in the Kingdom with total assets amounting to US$7.6 billion dollars as of 2021.

Canadia Group

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In 2000, with a business steadily rising together with the stabilization of the country, Pung began to create two segregated business portfolios, namely Canadia Investment Holdings (CIH) tasked with all financial services and Canadia Non-Financial Group consisting of the Overseas Cambodian Investment Corporation (OCIC) and its affiliates tasked to steward all non-financial assets together known as Canadia Group “the group”. Today, the gGroup is one of Cambodia's largest conglomerates with its financial services, real estate, construction, agriculture and social infrastructure sectors driving growth nationwide

Canadia Non-Financial Group

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With a diversified business interest, Pung's venture into non-financial services and solutions led to the creation of one of Cambodia's largest investment and development companies with various property development projects such as Sorya Shopping Center, Cambodia's first ever mall, Canadia Tower, the Kingdom's first skyscraper, Diamond Island, Chhroy Changva Satelite City, Norea Island, the 2,600 hectare Techo International Airport slated to become one of the world's largest airports. Since 2020, Dr. Pung's OCIC Group and its affiliates has invested an estimated US$5 billion dollars in numerous public and social infrastructure projects throughout Cambodia with more projects in works such as Techo International Airport, Norea Island and Cana City NR 51.

Philanthropy

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In 2020 and 2021, Pung made significant contributions in support of Cambodia's fight against COVID-19 by donating a total of US$8 million dollars in the purchase of vaccines, support of general activities and the expansion of health-related facilities.

Awards

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In 2002, Pung was awarded the Mahaserey Vattanac Award by the His Majesty, the late Norodom Sihanouk, King-Father of Cambodia, and The Highest National Contribution Medal awarded by His Excellency, Prime Minister Hun Sen and presented by His Majesty, King Norodom Sihamoni of Cambodia in 2012.

Personal life

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Pung is married. They have ## children.

In 2016, Gokongwei wrote a book "Lessons from Dad, John Gokongwei Jr."[1] He also contributed to an anthology titled "Letters to My Children".[2]

References

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  1. ^ "Life Advice from John Gokongwei". esquiremag.ph. November 27, 2017. Retrieved 2022-11-02.
  2. ^ "What Does Lance Gokongwei Want His Children to Know". esquiremag.ph. December 15, 2016. Retrieved 2022-11-02.