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Roundup: China-Brunei joint venture contributes to local employment with latest education cooperation - World News


2021-03-13 17:05:30 GMT2021-03-14 01:05:30(Beijing Time) Xinhua English
BANDAR SERI BEGAWAN, March 13 (Xinhua) Hengyi Industries Sdn Bhd, a petrochemical joint venture between Brunei and China, signed a Memorandum of Understanding (MoU) on Saturday with a local vocational institute here, which is another key step in bilateral education cooperation and human resources development.
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 signing of MoU with Politeknik Brunei (PB), a local vocational education institute, was witnessed by Yu Hong, Chinese ambassador to Brunei and three ministers from the Brunei government, namely Haji Mohd Amin Liew, minister at the Prime Minister s Office and second minister of finance and economy; Haji Mat Suny, minister of energy and H ....

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Interview: China-Brunei joint petrochemical venture contributes to local economy: CEO - World News


2021-01-16 13:35:51 GMT2021-01-16 21:35:51(Beijing Time) Xinhua English
BANDAR SERI BEGAWAN, Jan. 16 (Xinhua) Hengyi Industries Sdn Bhd, a China-Brunei joint venture, has been contributing to the local economy, Chen Liancai, the CEO of the company, told Xinhua on Saturday.
The year of 2020 had been an unprecedented year full of unique challenges for us. We started operation of our petrochemical complex at Pulau Muara Besar Industrial Park (PMB) at the end of 2019, and into 2020 facing an impact of the COVID-19, the CEO said.
Despite the challenges we faced due to the pandemic, we have remained in high operation load for the whole year of 2020, and successfully exported more than 6.38 million tonnes of petroleum products and 1.7 million tonnes of petrochemical products, achieving a sales revenue of up to 3.5 billion U.S. dollars for the whole year, which directly contributed to Brunei s GDP growth in 2020, he said. ....

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