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|PHNOM PENH Vladislav Namestnikov Womens Jersey , Aug. 2 (Xinhua) -- Worldbridgeland (Cambodia) and Sino Great Wall International Engineering Co. Ltd. signed an agreement on Wednesday to form a joint venture company called the "Company," which will focus on the development of public infrastructure projects in Cambodia.
The Memorandum of Understanding (MoU) was inked in Phnom Penh between Sear Rithy, chairman of Worldbridgeland (Cambodia), and Liang Rong, vice chairman of Sino Great Wall International Engineering Co. Andrei Vasilevskiy Womens Jersey , Ltd.
Under the deal, the new firm would join its bid for the construction of public infrastructure projects and public buildings in Cambodia, especially the Cambodian government's projects.
Rithy said the Chinese firm owned 60 percent of the new company's stakes, and his company held the remaining 40 percent.
"The MoU paves the way for our two companies to jointly invest in constructing public infrastructure such as bridges, roads and other buildings in Cambodia Victor Hedman Womens Jersey ," he said.
Listed on the Shenzhen Stock Exchange, Sino Great Wall International Engineering Co., Ltd definitely had enough expertise and resources to take on large infrastructure development projects in Cambodia, Liang said.
"We sincerely hope that we can work together to bring China's sophisticated technologies to Cambodia in order to contribute to the development of public infrastructure here," he said.
Infrastructure development is one of the top priorities for Cambodia to boost economic growth and to enhance its competitiveness. It is estimated that the Southeast Asian country needs around 600 million U.S. dollars a year for infrastructure development.
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MELBOURNE Jake Dotchin Womens Jersey , Aug. 2 (Xinhua) -- Students may have to meet literacyand numeracy standards before they can receive their VictorianCertificate of Education (VCE) under a plan revealed to be underconsideration by the state government in Australia onWednesday.
The Victorian government has asked the Victorian Curriculum andAssessment Authority (VCAA) to investigate what would be thebiggest change to the VCE system in decades.
Under the current system, students need to only receive a passmark on their final secondary school exams in order to be grantedtheir VCE.
The call for changes to the VCE system is being led by theVictorian Chamber of Commerce and Industry (VCCI), which expressedconcern over the poor skills of secondary school graduates.
"With minimum standards in place, business and employers wouldbe assured that young employees with this qualification haveachieved a consistent level of competency in literacy and numeracyskills," VCCI chief executive officer (CEO) Mark Stone toldAustralian media on Wednesday.
National Assessment Program -- Literacy and Numeracy (NAPLAN)results released on Wednesday Braydon Coburn Womens Jersey , showed that literacy and numeracyskills among Australian students had stagnated for the fourthconsecutive year.
Students in the states of New South Wales (NSW) and WesternAustralia (WA) are already required to meet minimum requirements inliteracy and numeracy before they can receive the state's VCEequivalent.
Robert Randall, chief of the Australian Curriculum, Assessmentand Reporting Authority (ACARA), said he believed the minimumstandards should be a part of high school certificates, but it wasup to the states to establish the minimum level required.
"Discussions are going on with each of the relevant authoritiesabout the importance of literacy and numeracy standards Yanni Gourde Womens Jersey ," Randallsaid.
"They are observing what WA and NSW have done and wonderingwhether they would do the same thing or adopt a different approach... we should set expectations and standards and we should workwith young people to achieve them."
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