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Sinopec Engineering, tasked to deliver on Beijing’s Belt and Road Initiative, thinks it can win Bangladesh project

Sinopec Engineering (Group), a key implementer of China’s Belt and Road Initiative, is confident it can win a bid to expand an oil refinery in Bangladesh, according to its president.“In Bangladesh, we have made relatively concrete progress on a refinery expansion project,” presidentXiang Wenwu told reporters on Monday. “It is at the final tender negotiation stage and we have a relatively good chance of winning the bid.”He would not provide details.India’s The Financial Express newspaper… Source link

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Vietnam 

Sharing economy project approved – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Grab is a typical model of sharing economy. — Photo vccinews.vn HÀ NỘI — A sharing economy project was approved on Monday to ensure an equal business environment among enterprises in the sharing economic model and traditional companies. Prime Minister Nguyễn Xuân Phúc issued a decision to approve the project. The project aims to ensure the rights, responsibilities and benefits of parties participating in the sharing economic model, including service providers, users and platform providers. At the same time, the project encourages innovation, the application of digital technology and the…

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Sun Hung Kai, MTR defer sale of 1,172-flat Cullinan West III project as Hong Kong’s protest rallies take their toll on market mood

Hong Kong’s biggest residential property developer is postponing the sale of its next mega project, in the latest sign that nine weeks of public unrest and almost daily clashes between police with protesters are taking an ever-bigger toll on consumer sentiment.Sun Hung Kai Properties (SHKP) and MTR Corporation would offer the 1,172 flats at the Cullinan West III project atop the Nam Cheong subway station upon their completion, said David Tang, the property director of the project’s joint… Source link

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Billion Development prices Tsuen Wan project at 10pc discount to lived-in homes as Hong Kong’s property market reels from protests

Billion Development and Project Management on Tuesday released the first batch of flats at its Tsuen Wan project at discounts of up to 10 per cent to rates prevailing in the district, in the first sign that two months of unrest in Hong Kong is having an impact on property prices.The Hong Kong builder unveiled 238 flats at the 840-unit The Aurora in the western New Territories, even as sales of secondary homes dropped to a nine-month low, with 48 deals concluded last week, according to a report… Source link

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Vietnam 

PM works to ensure funding for expressway project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc asked contractors to return to work on the Trung Lương- Mỹ Thuận Expressway Project in a meeting yesterday in Hà Nội.— VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc asked contractors to return to work on the Trung Lương- Mỹ Thuận Expressway Project in a meeting yesterday in Hà Nội. The PM also told the project’s credit institutions to make sure there will be sufficient funding for the project to proceed on schedule. The project was under threat of being delayed because it was…

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Vietnam 

Hòa Phát invests nearly VNĐ43 trillion on Dung Quất project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of Hòa Phát Dung Quất iron and steel production complex. — Photo courtesy of Hòa Phát HÀ NỘI — In the first half of 2019, Hòa Phát Group poured nearly VNĐ9.17 trillion (US$393.35 million) into Dung Quất iron and steel production complex, raising total investment in the project to approximately VNĐ42.92 trillion. The group’s chairman Trần Đình Long said that total initial investment for the project is VNĐ40 trillion of medium-term loans for fixed assets and VNĐ12 trillion for short-term activities. During the investment process, Hòa Phát applied some new technological achievements,…

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Money 

Alaska scraps plan to partner with China on major natural gas project over fears of ‘risks to the state’

A plan for Alaska and partners in China to advance a major liquefied natural gas project has been scrapped due to safety concerns from the state’s new administration.The plan, which was formed under independent ex-governor Bill Walker, has been dropped by his successor, Republican Governor Mike Dunleavy, according to the Alaska Journal of Commerce. Joe Dubler, interim president of the Alaska Gasline Development, said the corporation, which has been working on the state’s behalf, did not renew a… Source link

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Yuen Long clashes cast pall over Sun Hung Kai’s weekend home sales even as Great Eagle’s project drew buyers with cheaper prices

A weekend apartment sale by Sun Hung Kai Properties flopped in Kam Tin near the scene of violent clashes between the police and protesters, as nearly two months of incessant public unrest left their impact on Hong Kong’s real estate.Sun Hung Kai sold only seven of 145 units of its Park Yoho Napoli project in Kam Tin, a mere 3 kilometres from Yuen Long, where tens of thousands of protesters marched today in protest against a July 21 mob attack on commuters. Police fired tear gas to disperse… Source link

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Vietnam 

Trung Lương – Mỹ Thuận Project sees hope after delay – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Once completed, the Trung Lương – Mỹ Thuận Expressway will shorten travel time between HCM City and the Mekong Delta provinces as well as reduce traffic congestion on National Highway 1. Photo vneconomy.vn TIỀN GIANG – In a meeting yesterday, Prime Minister Nguyễn Xuân Phúc said that the Trung Lương – Mỹ Thuận Expressway must be completed in 2020 and open for traffic in 2021. Capital for the project would be sufficiently allocated, the PM said. This gives hopes to the investor as construction on the expressway could have…

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China 

Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters?

Seventy-year-old Jiang Guangyuan was bursting with confidence as he watched his shares on Shanghai’s Technology and Innovation Board surge to dizzy heights on Monday morning.Having bought them immediately after trading began, it appeared his faith in the Star Market, as China’s answer to the Nasdaq is also called, had been handsomely rewarded as the share price of Western Superconducting Technologies and its 24 fellow debutants skyrocketed.He had every reason to hope the rally would continue… Source link

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