China-Brunei joint venture signs Phase 2 petrochemical project deal

STORY: China-Brunei joint venture signs Phase 2 petrochemical project deal SHOOTING TIME: Nov. 8, 2023 DATELINE: Nov. 9, 2023 LENGTH: 00:01:10 LOCATION: Bandar Seri Begawan CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting STORYLINE: Hengyi Industries, the largest joint venture between Brunei and China, signed an Implementation Agreement for the Pulau Muara Besar (PMB) Phase 2 Development Project on Wednesday, marking another milestone for the flagship petrochemical project. Hengyi Industries is a joint venture between China's Zhejiang Hengyi Group and Damai Holdings, a wholly-owned subsidiary under the Brunei government's Strategic Development Capital Fund, owning 70 percent and 30 percent of the shares, respectively. The first phase of Hengyi PMB petrochemical project was put into operation in November 2019. The completion of phase 2 will increase the crude oil refining capacity by an additional 2 million tons per year, Qiu Jianlin, Chairman of Zhejiang Hengyi Group, told Xinhua. Haji Awang Halbi,

BRUNEI-BANDAR SERI BEGAWAN-CHINA-JOINT VENTURE-PROJECT

BRUNEI-BANDAR SERI BEGAWAN-CHINA-JOINT VENTURE-PROJECT

(231109) -- BANDAR SERI BEGAWAN, Nov. 9, 2023 (Xinhua) -- This photo taken on Nov. 8, 2023 shows the signing ceremony of an Implementation Agreement for the Pulau Muara Besar (PMB) Phase 2 Development Project in Bandar Seri Begawan, Brunei. Hengyi Industries, the largest joint venture between Brunei and China, signed an Implementation Agreement for the Pulau Muara Besar (PMB) Phase 2 Development Project on Wednesday, marking another milestone for the flagship petrochemical project. TO GO WITH "China-Brunei joint venture signs Phase 2 petrochemical project deal" (Photo by Jeffrey Wong/Xinhua)

Digital technology advances China's pursuit for common prosperity

STORY: Digital technology advances China's pursuit for common prosperity DATELINE: Nov. 12, 2022 LENGTH: 00:03:20 LOCATION: HANGZHOU, China CATEGORY: ECONOMY SHOTLIST: various of ChinaSOUNDBITE 1 (English): ZHANG DAHUI, Deputy general manager, Kaiquan Group Co., Ltd.various of factories and workersSOUNDBITE 2 (English): KAROLY SZALAI, Managing director, SINNEO Smart Technologies Co., Ltd.various of rural ChinaSOUNDBITE 3 (Chinese): FU LINCHAN, Official of Hengyi Villagevarious of rural ChinaSOUNDBITE 4 (Chinese): ZHANG FANDI, Digital Village Engineer, Alibaba Group STORYLINE: Expanding businesses, bridging the urban-rural divide and narrowing the income gap -- at the just-concluded 2022 World Internet Conference Wuzhen Summit, a full range of innovations have demonstrated the role of digitalization in advancing common prosperity in China. In east China's Zhejiang Province, the site of the summit and China's first demonstration zone for common prosperity, digitalization is paying off across-the-board in ma

China-Brunei joint venture signs 263 mln USD financing deal with local banks

STORY: China-Brunei joint venture signs 263 mln USD financing deal with local banks DATELINE: August 4, 2022 LENGTH: 00:00:52 LOCATION: Bandar Seri Begawan CATEGORY: ECONOMY SHOTLIST: 1. various of the financing agreement signing ceremony 2. screen showing information on the financing agreement signing ceremony 3. senior executives demonstrating the financing agreement 4. Chen Liancai, Chief Executive Officer (CEO) of Hengyi Industries giving a speech 5. various of the financing agreement signing ceremony STORYLINE: Hengyi Industries Sdn Bhd, a petrochemical joint venture between Brunei and China, signed an Islamic Syndicated Term Financing Agreement totaling 263 million U.S. dollars with three local financial institutions on Wednesday. Hengyi Industries is a joint venture between China's Zhejiang Hengyi Group and Damai Holdings, a wholly-owned subsidiary under the Brunei government's Strategic Development Capital Fund, owning 70 percent and 30 percent of the shares respectively. The financing agreement

BRUNEI-BANDAR SERI BEGAWAN-CHINA-JOINT VENTURE-FINANCING DEAL

BRUNEI-BANDAR SERI BEGAWAN-CHINA-JOINT VENTURE-FINANCING DEAL

(220804) -- BANDAR SERI BEGAWAN, Aug. 4, 2022 (Xinhua) -- Chen Liancai (2nd R, front), Chief Executive Officer of Hengyi Industries, signs a financing agreement with senior executives from three local financial institutions in Bandar Seri Begawan, capital of Brunei on Aug. 3, 2022. Hengyi Industries Sdn Bhd, a petrochemical joint venture between Brunei and China, signed an Islamic Syndicated Term Financing Agreement totaling 263 million U.S. dollars with three local financial institutions on Wednesday. TO GO WITH "China-Brunei joint venture signs 263 mln USD financing deal with local banks" (Photo by Jeffrey Wong/Xinhua)