industry slams market turmoil reports: parking fee raise in china benitez Patrick Tse, president of the Macau Shanghai’s stock index sacked Motor Traders Association, discusses plunged nearly 7 percent from the repercussions of measures yesterday, sparking a halt in real recently introduced by the gov’t trading of Chinese shares madrid P5 INTERVIEW P10 P18
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“ THE TIMES THEY ARE A-CHANGIN’ ”
WORLD BRIEFS
China Rescuers have dropped provisions renato marques renato to four Chinese mine workers trapped for 10 days in a wrecked Greek Mythology gypsum mine and are slowly drilling a route to save them, state media said. The men are trapped more than 200 meters below the closes for surface, and state media has reported they are in good condition.
South Korea will review safety at six unknown reasonsP3 MDT REPORT low-cost airlines after a Jin Air flight made an emergency return to the Philippines. The transport ministry said the safety investigation comes as the ministry is looking into the Jin Air incident. ap photo
India A strong earthquake hit India’s remote northeast region before dawn Monday, killing at least eight people, injuring more than 100 and causing damage to several buildings. The death and injuries were caused by falling debris. Manipur state’s home minister, G. Gaikhangam, said several parts of the state suffered extensive damage. ap photo
India A military official says a fifth gunman has been killed in a more than two-day long siege at an air base near the border with Pakistan. At least one attacker remains and operations to comb and secure the Suspicious HK disappearances could base continue.
P6 More on backpage happen in Macau, Jason Chao says 05.01.2016 tue
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2 MACAU 澳聞
decline. Mário Assis Ferreira, vice-chairman of the board of Estoril-Sol, previously told the European Union sets new rules Times that “Portuguese casi- nos finance 62 percent of the national tourism industry.” on casino betting In Macau, as of June 2015, Macau authorities had regis- tered 910 cases of transactions Renato Marques report named “National Asses- suspected of being related to sment of Money Laundering money laundering and finan- normative rule published Risk and Terrorist Financing,” cing terrorism. A in the Official Journal of which identifies “casinos, In the territory, the casino the European Union estab- lawyer firms, notaries, real es- industry is only required to lishes new rules for the gaming tate companies, offshores and report to the authorities any industry across the EU. free commerce zones” as “easy transaction equal to or more The directive seeks to ad- targets for money laundering.” than MOP500,000. This re- dress “the prevention of the Three of Portugal’s most pro- quirement has led the US De- use of the financial system for minent casinos (Casino Estoril, partment of State to push for the purposes of money launde- Casino Lisboa and Casino da law enforcement on this mat- ring or terrorist financing.” It Póvoa de Varzim) are managed ter on several occasions, going amends a previous regulation by Estoril-Sol, a company chai- so far as to suggest that the of the European Parliament red by Macau’s gaming tycoon, upper limit for this law should from 2012, in addition to va- Located in Portugal, Casino Estoril is owned by Stanley Ho Stanley Ho. His daughter, be set to USD3,000 (around rious other directives from Pansy Ho, serves as chairman MOP24,000) in order to com- the EU Council and European and reputation of the financial own legal systems by 2017. of the executive committee of ply with international stan- Parliament, which date from sector, and threaten the inter- On a related concern, the Estoril-Sol. dards. 2005 and 2006. These measu- nal market of the Union as well Portuguese newspaper Diário The Portuguese casino bu- The local government sta- res force Casinos to identify the as international development.” de Noticias (DN) published an siness declined by 2 percent ted in the 2016 Policy Address players that bet or win equal to The money from such activities editorial yesterday that expres- year-on-year in 2014. Pressure that it has plans to review the or more than EUR2,000 (a litt- can easily flow to the funding sed concerns that the country for the gaming sector to report Law for Prevention and Su- le over MOP17,400). of terrorism and organized cri- could be “in risk of financing illegal gambling, online gam- ppression of the Crime of Mo- According to the document, me. terrorism” through casinos. bling, and the country’s finan- ney Laundering, although no “flows of illicit money can All the member states must The same source cited a Portu- cial crisis, have been the pri- concrete proposals have been damage the integrity, stability ratify this directive into their guese government evaluation mary reasons attributed to this brought forth as of yet.
Health Zou Shiming to make a SSM admits more patients return after Macau loss with respiratory disease
he number of people diag- other respiratory diseases, such wo-time show. For the boxer, Tnosed with respiratory di- as adenovirus or rhinovirus,” TOlympic gold this was an opportu- sease rose in the past month, Leong told TDM. medalist Zou Shi- nity to return to his the Health Bureau (SSM) has The SSM believes that flu shots ming is preparing to acting career that reported. This increase has been are less effective because the vi- make his return to started back in 2014 attributed to the high incidence rus has mutated. Nevertheless, the ring on January when he took part in of the flu virus. Leong said that the bureau will 30 in Shanghai to the blockbuster mo- The latest figures from the bu- pay close attention to the state of fight for the World vie “Transformers: reau show that 12 out of 1,000 the virus. He added that in case Boxing Organization Age of Extinction.” adults were diagnosed with the of any epidemic, hospitals have (WBO) international When Zou enters flu virus, while the number of adequate quarantine wards and flyweight title. the ring in Shan- children infected with the virus medicine to attend to patients in 34-year-old Zou ghai at the end of rose to 105 in 1,000. Despite the the city. will partake in his this month, he will growth in numbers, authorities A recent study released in China first fight since lo- be searching to re- say that the risk level remains states that the swine influenza vi- sing to the Thai Am- claim the title he low. Leong Iek Hou, a Health Bu- rus H1N1 has transmuted and cou- nat Ruenroeng in won in July 2014 in reau representative, confirmed ld possibly be passed onto humans. Macau last March Zou Shiming pictured in Macau the “Champions of that the monitoring data revea- However, related flu shots have yet for the Thai’s IBF Gold” event in Ma- led the increase, but added that to be developed. Bloomberg flyweight title. This Zou said to Hong fessional debut in cau, when he beat there may be a variety of respi- time the Chinese Kong’s SCMP. mainland China. Colombia’s Luis De ratory viruses rather than simply boxer will face the The boxer, trained Shiming took a La Rosa unanimou- the flu virus. yet-to-be defeated by the world-famous break from his bo- sly after a ten round “Some of the patients had 21-year-old Brazi- Freddie Roach and xing career after his fight. The task does shown symptoms related to res- lian Natan Coutinho. promoted by Top defeat by Ruenroeng not appear to be an piratory diseases. They might “I will be ready for Rank’s Bob Arum at the Venetian Cotai easy one, as Couti- not necessarily have a fever, my next opponent. I has been in training Arena when he was nho presents a clean but also suffer from a runny have worked hard to since last Septem- presented with an record of (12-0-0) nose and coughing. This figure get back into shape ber, readying him- opportunity to play with 10 of the 12 has indeed increased based on and I can’t wait to self for the fight that a role in a mainland wins being achieved our monitoring data, but these return to the ring,” will mark his pro- Chinese reality TV by KO. RM symptoms might also relate to
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Gaming Reasons for Casino Greek Mythology closure remain unknown
Renato Marques cony in case of any attempt to The casino jump down from the platform. he Casino Greek My- The protest only ceased after thology, operating un- operates on the officials from the Labor Af- der the gaming licen- marques renato premises of the fairs Bureau (DSAL) promised se of Sociedade de Jo- to mediate the dispute with Tgos de Macau S.A. (SJM), has troubled Beijing management staff. been closed for at least the last The Times contacted the five days, according to sources Imperial Palace Gaming Inspection and Coor- contacted by the Times. dination Bureau (DICJ) and The casino, operating on the Hotel SJM seeking comments regar- premises of the Beijing Impe- ding the reasons leading to the rial Palace Hotel (formerly the climbing atop the edge of the Casino Greek Mythology clo- New Century Hotel), reporte- The casino entrance property’s balcony, leading to sure. No answers were given dly closed on December 30 wi- the dispatch of police and fire- by press time. thout any prior notice. of the hotel located in Taipa payment of several months of men to the site of the incident, On the DICJ official webpa- The hotel has been in the staged protests at different unpaid salaries. The protest and the placement of a pneu- ge, the casino is still being spotlight since 2012, when it occasions, demanding the took the form of individuals matic cushion under the bal- presented as active. was mired in an ownership dispute. At the time, a ho- tel shareholder, Ng Man-sun (also known as Ng Wai and Paradise Entertainment expects losses for 2015 Kai See Wai), was hospitali- zed after being attacked by aradise Entertainment Ltd, a ca- ning” that despite the expected loss for a gang of six men inside the Psino equipment maker and gaming the year 2015, “the group remains con- property. Ng was involved in services provider listed on the Hong fident in its business strategies” and will bloomberg a dispute with his former gir- Kong Stock Exchange (HKEX), has war- “optimize its cost structure to remain lfriend and business partner, ned in a statement to the HKEX that it lean in the current weak operating envi- Chen Meihuan, who claimed expects to record a loss for the full year ronment in Macau.” that she owned 80 percent of of 2015. The confidence expressed in the re- the shares in Ng’s debt-ridden This information, dated from Decem- port is mostly centered around the com- hotel. ber 31, comes in compliance with the law pany’s plan to “ramp up its overseas ga- In 2013, a ruling of the Macau and is based on the information from its ming system market with machine ins- Court of First Instance (TJB) unaudited accounts. Jay Chun, chairman of Paradise Entertainment tallations in 2016.” resulted in the New Century According to the same “Profit Warning Ltd., stands for a photograph with Min, a prototype Paradise Entertainment also provides Hotel being seized to pay for Report,” the forecast losses are prima- human-like electronic croupier, at the company’s gaming management services at four unpaid debts to the owner of rily attributed to “a decrease in gross ga- headquarters in Macau Macau gaming venues, including: Casi- a Macau-based travel agency, ming revenue of the group’s casino ma- no Kam Pek Paradise; Casino Macau Jo- Energy Travel Agency Ltd. nagement business; and an increase in net loss for the first half of the year ac- ckey Club (SJM Holdings Ltd-licensed); Most recently, there were overall operating expenses, particularly cording to a report from the website GGR Casino Waldo (Galaxy Entertainment several cases, reported by labor costs.” Asia on August 31. Group Ltd-licensed); and an electronic the Times, where employees The group already posted a HKD23.9m The company added in the “Profit War- gaming hall at Casino Lisboa.
ring to possible tougher restrictions on smoking Casinos gain on better-than-expected and junkets, as well as li- quidity concern in the in- dustry. December revenue Macau’s casino industry, which raked in gambling revenue about seven times Daniela Wei Index fell 1.5 percent as of which ranged from 34 12 percent. more than the Las Vegas For the full 9:50 a.m. local time. percent to 36 percent. “Our estimates contem- Strip in 2014, has seen acau casino shares year, gross The December figure Macau’s six gambling plate continued demand its lead on the U.S. casino Mmostly rose in Hong was “about the best we houses have seen about weakness, which will district narrow to about Kong trading after the gaming could hope for in terms $45 billion in market value likely be exacerbated by 4.6 times in the first 11 world’s largest center of of finishing the year,” wiped out this year amid a pressures on the regula- months of last year amid gambling reported gaming revenue fell said Grant Govertsen, an free-fall in casino receipts, tory front,” he said, refer- the slump. Bloomberg revenue for December analyst with Union Ga- as China’s corruption cra- that was better than most 34.3 percent ming Group. The last two ckdown scared off high- analysts’ expectations. weeks of the year were stake players or VIP Gross gaming revenue to MOP231b better than industry ex- players and a slowing eco- rise in new year tourist arrivals fell 21.2 percent in De- pectations including for nomy hurt mass-market cember for a 19th straight Group Ltd. rose as much as the mass market and VIP gambling. Stricter govern- A total of 471,948 tour- ists, immigration authori- month of declines, while 3.5 percent to HKD25.30, segments, he said, citing ment policies and key per- ists arrived in Macau over ties say that they recorded a representing the smallest the highest intraday le- conversations with casino sonnel changes, including the New Year weekend. The total of almost 1.45 million year-on-year fall since last vel in almost two months, industry insiders. a new regulator and advi- data released yesterday by persons crossing at one of the police indicates that the the seven checkpoints of January. The result was while Sands China Ltd. For the full year, gross ser to oversee gambling, roughly equal numbers of the MSAR. The Border Gate better than most market climbed as much as 2.5 gaming revenue fell 34.3 could further impact the tourists arrived each day remained the most popular expectations of a 20 per- percent to MOP231 billion hard-hit industry. percent. MGM China Hol- between January 1 and route for entering and leav- cent to 28 percent decline, dings Ltd. and Wynn Ma- (USD29 billion), com- Still, Govertsen said VIP 3 marked an increase of ing Macau, with more than according to DS Kim, an cau Ltd. posted small pared with the median will face an even tougher around 2.6 percent over 73 percent of arrivals and analyst at JPMorgan Cha- gains, while SJM Holdings estimate of a 35 percent 2016 than 2015 and is fo- the same period last year. departures using the check- se & Co. Ltd. fell 1.5 percent. The decline from nine analysts recasting a VIP gross ga- Between residents and tour- point. Galaxy Entertainment benchmark Hang Seng surveyed by Bloomberg, ming revenue decline of 05.01.2016 tue
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澳聞 MACAU 5
Renato Marques Q&A Patrick Tse he Legislative Assembly President of the Macau Motor Traders Association T(AL) unanimously passed a bill that will see the increase of taxation for new vehicles pur- chased from 2016 onwards. The new measure follows another ‘The parking fee raise similar move taken by the go- vernment in October that resul- ted in an increase of the parking harmed our business much fees for eleven car parks, a po- licy decision which has been in force since December 1. The intended purpose of the more than any taxation’ legislative measures was to de- celerate the growth of the sale of private vehicles. It has gai- sumers; people in Macau need ned more effective control over motorcycles to commute to the traffic; this is a concern work or to school, etc. We also expressed by many residents do not expect that the market on several occasions. In an in- marques renato will be much affected becau- terview with the Times, Patri- se the taxes, especially for the ck Tse, President of the Macau small motorcycles, are quite Motor Traders Association, dis- low, so the price difference will cussed the repercussions of the only range between one or two project on the car and motorcy- hundred, which is totally irre- cle retail industry. levant. For that market, we are expecting only a decrease of Macau Daily Times – For around 5 percent for 2016. quite a long time, the go- Even for small cars, the dif- vernment has been discus- ference in the total price shou- sing measures such as the ld be within MOP10,000 and tax hike on the purchase of many of the retailers have al- vehicles. In your opinion, ready expressed their intention did this implementation to not pass the price on to the come in at the right time? consumer, assuming that ex- Patrick Tse (PT) – Well, we pense on their own to avoid know that the government, and propagating the wrong message in particular the Transport Bu- to the market. reau, have a specific objective: to The most affected market control the sales of motor vehi- will be the mid-range market cles to a maximum rate of 4 per- that has had the most sella- cent growth per year. Currently, ble products in Macau in the we have about 245,000 vehi- last decade. A car that would cles registered in Macau (about have previously cost little abo- 110,000 cars and 135,000 mo- ve MOP400,000 with this new torcycles). In fact, if we view the taxation will see its price esca- statistics, we can see that in 2015 late to around MOP450,000. the sales figures have already Although in percentage is not slowed down to meet the govern- that different, it certainly car- ment’s target of 4 percent, so I do ries a heavy psychological fac- not think this is really necessary tor that will make consumers at this moment. refrain from purchasing these If we look back on the last few Patrick Tse products. years, we did experience yearly As for the high-end market, growth of more than 5.5 per- ced with more environmentally MDT – You previously MDT – Do you feel a re- we do not expect any differen- cent, but that is no longer ha- friendly vehicles which omit mentioned that sales de- traction already on the ce. For vehicles as is the case ppening. We also cannot blame less pollution and are safer in creases are expected to consumers, or when do with all other consumer goods, all the traffic congestion on the general. These vehicles cons- occur as soon as the new you expect that to happen? luxury items usually are the increase of the number of vehi- titute more than 50 percent of taxation rules come into PT – For the moment we can ones that are better placed to cles; there are many other fac- the total figure. force. What is the feedback see in fact many of our mem- survive crises. tors that should be considered. Ultimately, we have so many you have received from the bers promoting the sale of their Many of these factors are even vehicles on the roads because retailers? stock vehicles with appealing MDT – So can we say that related to the government cons- we have a bad public transpor- PT – It is not expected that prices before the tax rises are the parking fees are a big- truction works that have been tation. If we had a better public the sales will stop immediately; to take place. I expect that after ger problem for this sector taking place for a long time and transportation system, people it is expected that sales will the measure will really come than the new taxation sys- are causing serious congestion. would not need to have so many continue to gradually decrease. into force, we will have a very tem? It is not fair to blame all of the- private vehicles. In fact, until November 2015 “cold period” in which there PT – Definitely yes! They se problems on private vehicles. we have already been regis- will probably be very few sales are going to ‘kill us’ with the Even if our association mem- tering a decrease in sales of (near zero). This period should car park fee raise! That’s why bers do not sell any vehicles, I about 16 percent year-on-year. last about four to six months we are having such a big drop doubt that the traffic would im- For December, we expect that until consumers can adjust to in the sales this year of private prove. If we had a the results will lead to a year- these changes. After that I think cars. The parking fees and the on-year decrease of about 20 we can go back to what is consi- parking rental price raises har- MDT – What other mea- better public percent. This is primarily af- dered normal. med our business much more sures could local authori- fected by the general state of than any taxation. In the past, ties implement to ease the transportation the economy in the territory, MDT – Do you think this a person living on an average traffic woes? system, people and the success of the gaming new taxation will affect the salary would be able to have PT - There are many other industry. It is affecting all busi- motorcycles and the car re- a car and to be able to pay the things that the government can would not need nesses, and the vehicles sector tailers in the same way? parking and running costs of do to control the total volume is being heavily affected too. PT – I think the motorcycle it with about one-third of their of vehicles on the roads. One to have so We can say as a general predic- retailers will not be affected salary. Now it will need 45 to 50 of them is to begin removing tion that we will see a decrease very much by these changes. percent of that same salary, all the old vehicles from the roads many private of 10 percent for 2015 and ex- The motorcycle market is a very due to the car park prices that – those which are more than 10 vehicles. pect a fall of 20 percent more different market that operates will no doubt rise. It was an ar- years old - that could be repla- Patrick Tse for 2016. mostly by the needs of the con- row straight into our hearts. 05.01.2016 tue
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6 MACAU 澳聞
Gov’t Gov’t accused of selective announces enforcement of rules contingency plans for he New Macau Associa- an abuse of public resources.” Ttion has criticized the two The group, in its widespread property government reports concerning criticism of the reports, also fou- the latest elections of Legislati- nd an instance of discrepancy management ve Assembly (AL) members and between the Chinese and Portu- the Chief Executive (CE), saying guese language versions, which contingency plan rela- that “the electoral affairs com- appeared to omit substantive A ted to the implemen- missions lacked a genuine inte- information on political propa- tation of the Law on Mi- rest in ensuring a fair election.” ganda issues. nimum Wage for Cleaning At a press conference at the Jason Chao (right) accompanied by other ANM members “The Chinese is the original and Security Workers of the New Macau Association (ANM) and the Portuguese [version] is Property Management In- offices, the president of the or- which led to the group submit- Among the many other com- the translation. [The latter] left dustry came into effect on 1 ganization, Jason Chao, accu- ting a complaint to the Electoral plaints leveled, the organiza- out the main thrust of the para- January, according to a sta- sed the AL and CE Election Af- Affairs Commission. tion included one directed at graph,” Chao explained. tement issued by the local fairs Committees of selectively “After the election, the Electo- the government’s suggestion of “I don’t know whether this was government. applying the law and “willingly ral Affairs Commission did not holding “private meetings” to deliberate or an accident in the The announcement of this turning a blind eye” to some ca- follow up the case and made no “persuade” candidates not to translation. But Ip Song Sang is measure follows the contro- ses of electoral law violation. mention of it in the report,” said partake in illegal activities, whi- the one who is ultimately res- versy that arose when some According to Chao, the only Chao. ch the New Macau Association ponsible for [ensuring the accu- property management com- campaigners who have been cri- Further, the ANM claims it is deems an inadequate solution. racy of] the Portuguese version panies raised their fees and ticized by the committees in the able to produce photographic In regards to the CE election, of the report.” suspended their services, reports are those who have been evidence that some casino-re- the New Macau Association said He called on others to further alleging that the introduc- promoting a particular ideology sorts had promoted candidates it was disappointed that the go- investigate discrepancies be- tion of the minimum wage – that of pushing for free and to their employees in the lead vernment report had not taken tween the two reports. would add an extra cost to fair elections. -up to the 2013 AL election. into account what the group When asked what amendmen- their services. Some of the He claimed that the reports had “Only those connected to the alleges to be blatant “abuses of ts to the electoral law the New residents that live in affec- downplayed illegal activities by casinos were able to put up their public resources.” Macau Association would sug- ted buildings have expres- traditional interest groups, and banners,” Chao said, before alle- Chao claims that before and gest, Chao only stated, “measu- sed concerns over security had instead attempted to su- ging that City of Dreams had put during the 2014 CE election, the res to ensure fair elections.” if the companies cease ope- ppress initiatives promoting the up “huge posters of Chan Meng government used public resour- The president of the group ad- rating. practice of free and fair elections. Kam and Angela Leong in their ces to finance billboards promo- ded that the ANM plans to com- The government has stated The current electoral law in staff recreation areas” and had ting Chui’s proposals upon re- ment on the amendments once that property management Macau prohibits candidates distributed election souvenirs to election. “Such practice was not the government has published companies have been ur- from campaigning in certain their employees. only an early campaign, but also its proposals. Staff reporter ged to discuss any update in areas, such as public places, their 2016 charges with the ahead of an election. In these owners of flats in managed spaces, public authorities must private buildings. maintain benevolent neutrality Jason Chao: Disappearances The Housing Bureau is able without favoring individual can- to assist flat owners via the didates. ‘could happen in Macau as well’ Management Commission, In spite of this, however, Chao if they decide to manage claimed that private schools re- t a press conference at the offices of the “These Hong Kong citizens were lured to ei- such private buildings in- ceiving significant public sub- ANew Macau Association yesterday, Jason ther Shenzhen or Thailand to be arrested,” said dependently through the sidies had shown bias by dis- Chao said that he feels “exhausted and power- Chao, arguing that this represents “a blatant provision of support during playing electoral banners and less that they [Mainland China] can kidnap violation of the Basic Law.” negotiations between newly allowing certain candidates to someone from Hong Kong or Macau, and take Asked whether the New Macau Association formed commissions and conduct talks on their premises. them back to the mainland for interrogation or will protest the suspected kidnappings, Jason former management com- Jason Chao claims that he did torture.” Chao said that the group was still discussing panies. This support would not receive a response after he Chao made the comments in relation to the five recent developments but that they “will keep a exist to ensure the buildings’ requested that ANM’s material missing Hong Kong-based booksellers who have close eye on the matter.” common areas remain under also be displayed in these areas, gone missing in recent months (see back page). “It could happen in Macau as well,” he warned. property management.
corporate bits um students tour mgm properties in nevada poly auction opening Poly Auction Macau Ltd, to- gether with Chiu Yeng Culture The University of Macau Ltd. are hosting a media tour, (UM) organized a study tour to an opening cocktail reception, Las Vegas in order to provide and a ribbon-cutting ceremony students with an opportunity to at the Regency Hotel on Thur- learn from Macau’s Western sday afternoon, ahead of the casino hub counterpart. opening of the inaugural even- A group of 44 students tou- ts conducted by the partners. red three MGM properties in The Poly Macau Inaugural the Nevada city and met with a Art Auction features around panel of the company’s senior 100 pieces of art of both an- management team to explore cient and contemporary ori- the gaming group’s non-ga- gins, categorized in themes of ming elements. modern Chinese paintings and The University says that the calligraphy, ceramics, jewels opportunity allows students to and luxury goods. broaden their horizon in the The Art Fair will showcase hospitality and gaming indus- the works of 60 young artists try, and potentially transfer in- from the Greater China region. sights to the respective indus- The artists’ works will be inclu- tries in Macau. in managing MICE, show bu- as a strategy to diversify its ded in 60 guestrooms at the “Las Vegas is a city which siness and entertainment, whi- economy,” Davis Fong, asso- hotel, each designed by Sabri- excels in innovations and pos- ch is the business model that ciate professor at UM, said of Sabrina Ho (2nd from left) and Angela Leong (center) at the media na Ho, the director and CEO of sesses extensive experience Macau is trying to implement the study tour. launch in October Poly Auction Macau. tue 05.01.2016
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分析 BUSINESS 7
Yuan drops most since bloomberg August, losses mount in extended trading
hina’s yuan fell the ge Trade System prices. That’s Kong’s offshore market fell as most since August, a decline of 0.24 percent from much as 1 percent to a five-year hastening its decline in the 4:30 p.m. level of 6.5172. low of 6.6329. extended trading hours The currency traded in Hong “The central bank’s tolerance Con speculation the authorities for a weaker yuan is much hi- stopped supporting the curren- gher now as it wants to make the cy late in the day. currency more market-driven,” While trading will carry on till said Xia Le, a Hong Kong-based 11:30 p.m., as of yesterday, the economist at Banco Bilbao Viz- central bank will continue to The trend for caya Argentaria SA. “The longer use the 4:30 p.m. price as the the yuan to trading hours will help narrow nation aims to provide more the currency’s fixing,” said Ed- closing level, it said last month. the gap between the yuan’s ex- channels for trading of the die Cheung, a Hong Kong-based This is significant because the weaken is change rates in Shanghai and yuan, which will help converge currency strategist at Standard monetary authority’s new sys- Hong Kong. That’s because the the currency’s onshore and of- Chartered Plc. “The curren- tem of setting the yuan’s daily continuing in onshore rate will be available fshore rates, the PBOC said. cy will drop further in the first fixing uses the previous day’s during the European session, The PBOC cut its reference quarter as China makes the ex- close as one of the factors. Ma- the new year so it’ll have a bigger influence rate for the yuan by 0.15 per- change rate more market-dri- jor Chinese banks, which tried as the PBOC on the offshore unit.” cent to 6.5032 a dollar yester- ven.” to sell dollars during most of Liquidity outside of regular day, the weakest since May The nation’s policy will lean the day, significantly reduced weakens the Asia hours can be relatively 2011. The monetary authority toward “a loosening bias” their offerings after 4 p.m., ac- poor, heightening the risk of has reduced the reference rate in 2016, as more supportive cording to two currency traders. currency’s unrepresentative exchange ra- by 0.49 percent in the past five measures could provide a buf- The yuan retreated 0.61 per- fixing tes and manipulation, the Peo- sessions. fer to slower growth, Goldman cent to 6.5332 a dollar as of ple’s Bank of China said while “The trend for the yuan to Sachs Group Inc. economists 5:49 p.m. in Shanghai, accor- Eddie Cheung announcing the extended tra- weaken is continuing in the led by Maggie Wei wrote in a ding to China Foreign Exchan- Standard Chartered ding hours in December. The new year as the PBOC weakens note. Bloomberg
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分析 BUSINESS 9
Marley Jay, AP Markets Writer
n a flat year overall for ap photo stocks, there was still plenty of excitement to be enjoyed — or endured I— by 2015’s biggest winners and losers. It was a year to make old guard companies shudder. New media companies like Netflix, which rose 142 per- cent to notch the biggest gain in the S&P 500, became more valuable than established media companies like CBS. Amazon eviscerated traditio- nal retailers like Macy’s and Walmart. And energy and ma- terials companies were flatte- ned by weak demand at a time of abundant supplies. The bi- ggest loser was Chesapeake Energy, down almost 80 per- cent in 2015. The Dow Jones industrial average, dominated by long- established companies in tra- ditional industries, is down 1.2 percent for the year throu- gh Wednesday. The Nasdaq composite, with its heavy con- centration of technology com- panies, is up a respectable 6.5 percent. Here are the stories behind some of the stock markets bi- ggest winners and losers for 2015.
ANOTHER STAR TURN FOR NETFLIX Netflix has enjoyed top billing before: it was the big- 2015 market winners, losers gest gainer in the S&P 500 in 2010 and 2013, and it more than tripled in value both years. But another big year in 2015 Tech soars, old guard stumbles pushed the company’s value past established media rivals like CBS and made it about this Wal-Mart’s worst year sin- rose 93 percent as it moved to several industries, including vels since 1999 in mid-Decem- the same as Time Warner. ce 1974, when it had fewer than expand into the sweeter side the video graphics chip maker ber. The streaming entertainment 100 stores. Wal-Mart was the of games. In November the NVIDIA, the payments pro- The rout in crude oil prices service had 69 million subs- Dow’s biggest loser. company agreed to buy King cessor Total System Services, that began in mid-2014 dee- cribers at the end of the third “This year seemed to mark an Entertainment, the maker of the website domain name pened in 2015, pulling down quarter, and almost a quarter inflection point for Amazon,” company VeriSign, and Spam the value of oil company sha- of those signed up in the last wrote Christine Short, an maker Hormel Foods. First res and the performance of the year. Netflix also continued analyst at Estimize, who said Solar also made the top 10, overall stock market. to win fans for shows like Amazon was “almost solely Wynn getting a major boost when All this pain for energy com- “Orange is the New Black” and responsible for the downfall of Resorts fell Congress extended tax breaks panies is good for consumers, “Narcos.” The company says big box giant Wal-Mart.” for solar installations in De- who are now enjoying low pri- its service will be available in Macy’s and Staples also were 54pct because cember. ces for gasoline and shrinking 200 countries by the end of among the 20 biggest losers heating bills. the year. as fewer shoppers trekked to a corruption THE BIGGEST LOSERS There were four non-energy stores and bought more goods Six of the 10 biggest losers losers in the S&P’s bottom 10. AMAZONIAN online instead. crackdown in the S&P 500 were energy — Mining company Freeport- PROPORTIONS Amazon is now in a batt- in China has companies, led by Chesapeake McMoRan fell 68 percent, E-commerce giant Amazon le with the other high-flying Energy, Southwestern Energy hurt by slowing economic celebrated its 20th anniver- stock of 2015: Amazon and dampened the and Consol Energy. All three growth in China that reduced sary with results that sent in- Netflix are rivals in creating are dependent on the price demand for raw materials. vestors into a buying frenzy. original entertainment for enthusiasm of of natural gas and all fell be- — Watchmaker Fossil Group Amazon was the second big- subscribers. This year the two [high-rollers] in tween 75 percent and 80 per- lost nearly two-thirds of its gest gainer in the S&P 500 for snagged almost 50 Primetime cent this year. Nine energy value as fitness trackers grew the year, up 114 percent throu- Emmy nominations between Macau companies in the index lost at more popular and the Apple gh Wednesday. The company them. Netflix shows recei- least half their value. Watch was launched. is on track to report more ved far more nominations A big reason: Mother Nature. — Chipmaker Micron Tech- than USD100 billion in reve- but Amazon’s shows won five the smartphone hit “Candy An extraordinarily warm fall nology fell 59 percent as con- nue in 2015 and it has started Emmys to Netflix’s four. Crush Saga,” to strengthen and early winter in the U.S. is sumers continued to turn away to turn in higher profits more its mobile games business. It slashing demand for heating, from personal computers. frequently despite a loss in the WARCRAFT GETS A is also working on a “World and half the nation uses na- — Casino operator Wynn Re- first quarter. CANDY CRUSH of Warcraft” movie and a TV tural gas to heat their homes. sorts fell 54 percent because a Its stock surge pushed the The third biggest gainer show adapted from its kid-fo- Natural gas supplies were al- corruption crackdown in Chi- company’s market value past in the S&P 500 was Activi- cused “Skylanders” game. ready high coming into the na has dampened the enthu- that of longtime competitor sion Blizzard, the video game The rest of the top ten win- winter. That combined with siasm of high-rolling gamblers Wal-Mart. Wal-Mart stock fell maker behind “Call of Duty” ners in the index were a mix low demand pushed natural in Macau, an important loca- 29 percent in 2015, which made and “World of Warcraft.” It of companies representing gas prices to their lowest le- tion for Wynn. 05.01.2016 tue
th Anniversary
10 CHINA 中國
global markets and prompted the previous month, marking a panicked, multibillion-dollar contraction for the 10th strai- government intervention. Bei- ght month. It was the latest China stocks dive nearly jing is gradually unwinding sign of the headwinds facing emergency controls that inclu- China’s economy that add to ded a freeze on new stock offe- a downbeat outlook for Asian 7 percent, trading halted rings. exporters. On Friday, an offi- Other stock markets in the re- cial manufacturing index also gion also started the new year showed a persistent contrac- on a weaker note. tion in factory activity despite Japan’s Nikkei 225 tum- Beijing’s stimulus measures. ap photo bled 3.1 percent to close at China’s factory data is “still a 18,450.98 and Hong Kong’s long way off stirring up cheer Hang Seng retreated 2.6 per- about global demand recovery,” cent to 21,346.34. South Ko- said Mizuho Bank Ltd. in a daily rea’s Kospi closed 2.2 percent commentary. “Asian exporters lower at 1,918.76. are expected to continue stru- Stocks in Australia, Taiwan ggling with exports contraction and Southeast Asia were also and growth prospects dampe- lower. ned by related manufacturing Weak manufacturing data was gloom.” behind the sell-off along with Escalating tensions in the Mi- Middle East tensions, which ddle East pushed up the price of pushed up oil prices. oil, analysts said. Huang Cengdong, an analyst Saudi Arabia said on Sunday it for Sinolink Securities in Shan- is severing diplomatic relations ghai, said selling accelerated as with Iran, a development that investors tried to lock in trades could potentially threaten oil before activity was halted. supply. The world’s largest oil He expects more selling in co- supplier executed a prominent ming weeks ahead of corporate Shiite cleric that prompted pro- earnings reports. testers to set fire to the Saudi “The market will not impro- Embassy in Tehran and Iran’s ve because there will be heavy top leader to criticize Saudi selling in the near future,” said Arabia. Huang. “Oil markets will be concerned The Caixin/Markit index of that this could be an incremen- Chinese manufacturing, which tal step in a deteriorating politi- is based on a survey of factory cal situation that might ultima- purchasing managers, fell to tely threaten world oil supply,” 48.2 in December from 48.6 Ric Spooner, chief analyst at CMC Markets, said in a com- mentary. Benchmark U.S. crude added 33 cents to $37.39 per barrel in The market will electronic trading on the New A man takes a nap near an electronic board displaying stock prices at a brokerage house in Beijing York Mercantile Exchange. The not improve contract rose 36 cents to close Youkyung Lee, Seoul The Shanghai Composite zhen stock markets to stop stee- because there at $37.04 per barrel on the last Index dived 6.9 percent to per falls. It was the first time trading day of 2015. Brent cru- hanghai’s stock index 3,296.66 on the first trading China used the “circuit breaker” will be heavy de, used to price international Splunged nearly 7 percent day of 2016. The index was at mechanism it announced late oils, rose 18 cents to $37.47 a yesterday, sparking a halt in the lowest level in nearly three last year. selling in the barrel in London. trading of Chinese shares, after months. Authorities have been trying In currencies, the dollar weak manufacturing data and The official Xinhua News for months to restore confi- near future. weakened to 118.85 yen from Middle East tensions weighed Agency said China halted tra- dence in Chinese stocks after a Huang Cengdong 120.26 yen. The euro rose to on Asian markets. ding on the Shanghai and Shen- plunge in prices in June rattled Sinolink Securities $1.0928 from $1.0861. AP
hinese manufac- Survey Cturing contracted for the 10th straight month in December as demand re- Factory conditions weaken for 10th month mained weak and factories trimmed staff and output, a private survey showed yes- However, it’s proving to be rall demand. terday. a tough transition. Growth “This shows that the for- The Caixin/Markit index, ap photo in the quarter ending in Sep- ces driving an economic based on a survey of factory tember fell to a six-year low recovery have encountered purchasing managers, fell to of 6.9 percent, a tick down obstacles and the economy 48.2 in December from 48.6 from 7 percent in each of is facing a greater risk of the previous month. the two preceding quarters weakening,” said He Fan, The index uses a 100-point even after policymakers cut Caixin Insight Group’s chief scale with numbers above interest rate cuts repeatedly economist. 50 indicating expansion. and unleashed other stimu- “The government needs to It’s the latest sign of the lus measures pay more attention to exter- headwinds the world’s No. 2 China’s manufacturing nal risk factors in the short economy faces as a new year industries are facing soft term and fine tune macroe- unfolds. Chinese growth demand from customers conomic policies accordin- has slowed sharply over the as global growth remains gly so the economy does not past five years as leaders in weak. fall off a cliff,” he said. Beijing try to wean the eco- Caixin’s subindex mea- A separate survey by an nomy off reliance on trade suring production fell for official group released on and investment and focus the seventh time in eight Friday found factory activi- it instead on more self-sus- months, driven by a decli- ty ticked up slightly from its taining private consump- ne in new orders, which are lowest level in three years tion and services. seen as an indicator of ove- but was still contracting. AP tue 05.01.2016
th Anniversary
中國 CHINA 11
Xinhua Insight community of common destiny for China and ASEAN. Despite a high-degree of inter- dependence within the commu- nity, obstacles still remain in the How will the ASEAN way of complete integration. ASEAN is perhaps one of the most diverse regional groupin- gs in the world, in terms of both Community influence China? economic development and po- litical, ethnic, religious and cul- ast Asia formed its infrastructure improvement, tural backgrounds, according to first cross-nation union, which China, with abundant observers. the ASEAN Community, funds and technologies, can cater There is a conspicuous divide
at the turn of the new archive photo to, said Wei. between the six older and richer Eyear, which is expected to lead The Belt and Road initiative ASEAN members such as Singa- the region into a new stage of in- could help promote ASEAN’s pore and four newer and poorer tegration and growth. development by improving in- members, namely, Cambodia, The 10 members of the Associa- frastructure throughout the Laos, Myanmar and Vietnam. tion of Southeast Asian Nations region both on land and at sea, Chen Qiye, associate profes- (ASEAN) officially launched the said Kavi Chongkittavorn, se- sor at the Lee Kuan Yew School community last week, forming a nior fellow at the Institute of Se- of Public Policy in Singapore, bloc of 600 million people sha- curity and International Studies deems that it’s a good chance for ring a political, security and eco- at Chulalongkorn University of China to advocate the Belt and nomic roof. Thailand. Road initiative in the nations, With a total GDP of nearly 2.6 China also set up the Silk Road helping the members narrow de- trillion U.S. dollars, the seventh Fund and spearheaded the es- velopment gaps for integration globally, the community aims tablishment of the Asian In- while optimizing its own econo- to create a competitive single frastructure Investment Bank mic structure. market with free flow of goods, (AIIB), both expected to finance Seizing the opportunity of the services, investment capital and bers’ economic growth. pplement to the original agree- connectivity projects. 25th anniversary of the estab- skilled labor. It is expected to The community will certainly ment of the ASEAN-China FTA, ASEAN nations will undoubte- lishment of China-ASEAN dia- grow into the world’s fourth bi- inject impetus for the upgrading the protocol covers a wide range dly standardize some economic logue relations in 2016, experts ggest economy by 2030, accor- of the ASEAN-China Free Trade such as trade in goods, services, policies within the community suggest China expand mutual ding to media reports. Area (FTA) and the negotiation investment and technological and objectively reduce barriers political trust by signing a series The Chinese Foreign Ministry of the Regional Comprehensive cooperation. for the entry of Chinese invest- of friendly cooperation treaties welcomed the establishment of Economic Partnership, said Wei A unified and single ASEAN ment, observers believe. with the group. the community, calling it a “sig- Ling, director of Asian studies market will provide huge oppor- Under the Belt and Road initia- China is supposed to take the nificant milestone” in ASEAN’s institute at the China Foreign Af- tunities for China, Japan and the tive and the support of AIIB, Wei lead to push for more coopera- integration. fairs University. Republic of Korea, according to forecasts a new wave of growth of tion mechanisms with the com- “As a good friend and partner of China has been ASEAN’s lar- Wei. Once fully completed, the China’s industrial investment in munity and provide more public ASEAN, China is confident about gest trade partner, and ASEAN community will optimize the ASEAN countries. service goods for innovations in ASEAN’s development in the has been China’s third largest layout of Asia’s trade, finance and The merger could also help anti-terrorism, environmental future, and wishes the ASEAN partner since the FTA’s launch manufacturing industries. the Chinese yuan flow into the protection and health care, ac- Community success,” the minis- in 2010. Mutual trade volume The community will be better region, according to Zhou Yon- cording to global strategy resear- try’s spokesman Lu Kang said at has added up to more than 370 positioned to activate the im- gsheng, an international rela- cher Zhou Fangye. a press conference. billion U.S. dollars in the first plementation of Chinese initia- tions professor at China Foreign China should also continue to Despite skepticism of a true 10 months of 2015, and the an- tives such as the Belt and Road, Affairs University. promote peaceful bilateral ne- single economic entity, experts nual trade is expected to reach which have synergized well with China said it will continue to gotiations with related parties expect the community to bring 1 trillion U.S. dollars by 2020. ASEAN’s development and inte- firmly support ASEAN’s integra- concerning the South China Sea China-ASEAN cooperation clo- The two last month inked a gration strategies. tion, and is willing to make joint issues and seek to maintain re- ser and promote regional inte- protocol on deepened coopera- The ASEAN integration raises efforts with ASEAN countries gional stability and development, gration as well as boost mem- tion on bilateral trade. As a su- huge demands for transport and to build a more closely-related said Zhou Yongsheng. Xinhua
Philippines follows Vietnam in 29,000 officials punished in opposing PRC’s runway test 2015 ‘frugality campaign’
he Philippine gover- Chunying said Saturday he Communist Party of China According to the CCDI, although the nment said yesterday that China deployed a “ci- (CPC)’s top anti-graft body yester- number of officials punished in gene-
T ap photo T that like Vietnam, it oppo- vil aircraft” on the island, day said some 29,000 officials were ral had dropped, the number of senior ses China’s recent test of a which it calls Yongshu Jiao, reprimanded for violating austerity Party officials found with violations newly completed runway to determine whether the rules in the first 11 months of 2015, had increased, Xinhua said. on one of seven islands Bei- new airfield, in what she bringing the total number of those The state-run agency indicates that jing has constructed in the said was Chinese territory, punished since late 2012 to more than eight provincial-level Party officials disputed South China Sea. conformed to civil aviation Philippine presidential candidate Elly 130,000. were punished in 2015 in addition to Pamatong burns a Chinese flag in Department of Foreign standards. Manila to denounce China’s island- Those punished from January to 441 city-level and 3,800 county-level Affairs spokesman Charles The early diplomatic tus- building at the disputed Spratly November last year were involved in officials. Overall, the number ofoffi- Jose said the government sle presages a continuation Islands in the South China Sea over 32,000 cases, the CPC Central cials above the county level punished was considering protesting this year of tense exchan- Commission for Discipline Inspec- last year saw a rise of more than 50 China’s action, as Vietnam ges, mainly among China, land and threaten their ter- tion (CCDI) said in a report posted on percent from the previous year. did, adding that the test at Vietnam and the Philippi- ritories. its website, according to the Xinhua Meanwhile, the anti-graft body also Fiery Cross Reef “adds to nes, over long-disputed and The United States has ex- News Agency. warned of “invisible” and “under- tension and uncertainties potentially oil- or gas-rich pressed alarm over China’s The figures represent a significant ground” violations among Party offi- in the region.” offshore territories also island-making in the dis- drop from the year before, when cials, Xinhua reported. Vietnam last week protes- claimed by Taiwan, Malay- puted waters and deployed more than 71,000 officials were repri- Graft busters found a number of ca- ted the test, saying it vio- sia and Brunei. a guided missile destroyer manded in more than 53,000 cases, ses where officials continued to dine lated Hanoi’s sovereignty, Tensions have risen in the near Subi Reef in October signaling that the “eight-point rules” extravagantly using public funds but and demanded that China last two years after China to challenge Beijing’s claim introduced on Dec. 4, 2012 aimed at at office cafeterias, or accept bribes stop such actions. China re- transformed disputed reefs of sovereignty in the wa- reducing bureaucracy, extravagance, via digital transfers, the CCDI said in jected Hanoi’s protest and in the Spratly Islands into ters around the artificial and undesirable work habits may be the report. will likely dismiss Manila’s islands that rival claiman- islands. China blasted the having an effect. It urged disciplinary organs to look concerns as well. ts fear Beijing could use to U.S. action and warned But the CPC anti-graft body said vio- “with magnifiers,” use new media and Chinese Foreign Minis- project its military might Washington not to repeat lations were still far from being com- new technology and rely on public su- try spokeswoman Hua far from the Chinese main- the maneuver. AP pletely rooted out. pervision to net more violators. 05.01.2016 tue
th Anniversary
12 ASIA-PACIFIC 亞太版
Elaine Kurtenbach, Tokyo Japan t’s among the biggest of Japan’s many New Year holiday rituals: Early to- day, a huge, glistening 80-year-old Tokyo fish market Ituna will be auctioned for a lot of money at Tokyo’s 80-year- old Tsukiji market. Next year, if all goes as planned, the tradi- holds final New Year auction tion won’t be quite the same. The world’s biggest and most for tourist ferries traversing the famous fish and seafood market bay and river. is due to move in November to ap photo “We are contributing with all a massive new complex further our efforts to the revitalization south in Tokyo Bay, making of our historic Tsukiji,” said a way for redevelopment of the banner emblazoned with the prime slice of downtown real logos of the architect and other estate. contractors hanging from scaf- The closure of the Tsukiji folding of the new building. market will punctuate the end Tsukiji’s predawn auctions are of the post-war era for many of a fixture on the tourist circuit, the mom-and-pop shops just and since it was not set up to outside the main market that accommodate large crowds the peddle a cornucopia of sea- management has gradually li- related products, from dried mited access for safety’s sake. squid and seaweed to whale ba- Planning for the move began con and caviar. nearly 20 years ago. But the The new year auction is typical shift was delayed for years due of Japan’s penchant for fresh to toxins found in the soil at the starts at the beginning of the new location, the former site of year — the first visit of the year a coal gasification plant run by to a shrine and the first dream Tokyo Gas. of the year are other important The city announced in 2001 firsts — and it’s meant to set an that the market would be mo- auspicious precedent for the 12 ved by 2012. But cleanup work months to come. dragged on, and in 2013, Tokyo Sushi restaurateur Kiyoshi Ki- Gas disclosed it had found more mura has prevailed in most of toxins at the site. the recent new year auctions. Critics of the move said city In 2013, a bidding war drove Fish store vendors sell fresh seafood to shoppers who look for ingredients for “osechi” or Japanese traditional New Year authorities were swapping wor- his record winning bid to 154.4 dishes, near Tsukiji fish market in Tokyo ries over cramped and some million yen (at today’s exchan- say unhygienic conditions in ge rates about USD1.3 million) Japanese eat about 80 percent than just tuna. a smaller “outer market” is un- Tsukiji for a new set of health for a 222-kilogram fish. of all bluefin tuna caught wor- On a recent year-end day, der construction. Conceptual problems: unsafe levels of lead, That drew complaints that ldwide, and stocks of all three shop owners in rubber boo- drawings from the Tokyo city arsenic, hexavalent chromium prices had soared way out of bluefin species — the Pacific, ts and aprons were rushing to government show the 23-hecta- and other toxins. line, and the winning price in Southern and Atlantic — have clean up and sell off the last of re (nearly 57-acre) market site Cleanup of the tainted site re- 2014 was dramatically lower. fallen over the past 15 years their inventory, as the last few that fronts the Sumida River’s quired the removal and replace- Last year, a 180.4-kilogramme amid overfishing. hundred shoppers milled arou- outlet into Tokyo Bay being ment of 2 meters (6 feet) of top- (380 pound) tuna caught off But while the new year and nd hunting for bargains. transformed into an open wa- soil, construction of retaining Japan’s northern region of Ao- daily tuna auctions are Tsuki- Already, some shops outside terfront park surrounded by walls, pumping out of polluted mori fetched a winning bid of ji’s best known events, the the market have been razed and greenery, with a wide shopping ground water and injection of 4.51 million yen ($37,480). market is about much more a new building that will house plaza and a passenger terminal fresh water. AP
Myanmar Suu Kyi: Incoming government ap photo to prioritize peace in the country
ung San Suu Kyi The ethnic rebellions re- speech lasting almost 15 a quarter of the seats in Asaid yesterday that main a threat to the coun- minutes, her first major Parliament, giving it veto building peace will be try’s unity, since several public address since the power over all constitu- the first priority of her larger ethnic guerrilla Nov. 8 election victory. tional amendments. It pro-democracy party’s armies declined to sign The NLD secured enou- also has a grip on all key incoming administra- the agreement. Fighting gh parliamentary seats in security portfolios. tion when it replaces persists in some border the last elections to oust The transition will Myanmar’s military-ba- areas. Though largely an a military-backed party take place in February cked government soon. agreement to keep talking, that has been in power at the earliest, with Par- Aung San Suu Kyi Suu Kyi spoke at the the agreement could pave for five years. A clause in liament’s military bloc headquarters of her Na- the way for a more com- the 2008 military-direc- and the largest party in tary government, and all In a statement suppor- tional League for Demo- prehensive political settle- ted constitution bars her both houses — the NLD parties have made conci- ting her speech, her party cracy to mark the nation’s ment in the future. from the presidency, but — proposing three can- liatory statements about executive committee said Independence Day. She “The first responsibility she has vowed to be the didates, one of whom will making a smooth transi- it was time to go forward said the incoming gover- of the next government country’s leader by proxy. be elected president and tion of government. and “build a peaceful, de- nment would seek to im- is to build peace. We will Despite the NLD’s land- the others becoming vice “I would like to add again mocratic federal union prove a ceasefire agree- organize an effective pea- slide victory, most analys- presidents. The president that our government will together.” ment the outgoing regime ce conference to impro- ts agree the party must will then form a cabinet. be a government based on It added: “We must signed in October with ve the recent ceasefire have the support of the Suu Kyi has met several a policy of national recon- learn from history and eight ethnic minorities agreement and we will military establishment times since the polls with ciliation and we will try to turn the page from the that have long fought for urge widespread parti- to be able to govern. By key members of the army stick with that,” Suu Kyi legacy of previous gover- greater autonomy. cipation,” she said in a law, the military still has and the outgoing mili- said yesterday. nments.” AP tue 05.01.2016
th Anniversary
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th Anniversary
14 ADVERTISEMENT 廣告 tue 05.01.2016
th Anniversary
分析 WORLD 15
Richard Lardner, Eileen Sullivan AP EXCLUSIVE | USA & Meghan Hoyer, Washington
he children of U.S. military members are victims in hundreds Pentagon: Hundreds of military of incidents of sexual Tabuse each year, according to data the Defense Department provided exclusively to The As- kids sexually abused annually sociated Press. The abuse of military depen- the military. dents is committed most often There were at least 1,584 subs- by male enlisted troops, the ap photo tantiated cases of military de- data show, followed by family pendents being sexually abused members. between fiscal years 2010 and The figures offer greater in- 2014, according to the data. En- sight into the sexual abuse of listed service members sexually children committed by service abused children in 840 cases. members, a problem of uncer- Family members of the victims tain scale due to a lack of trans- accounted for the second lar- parency into the military’s legal gest category with 332 cases. proceedings. With more than Most of the enlisted offenders 1 million military dependents, were males whose ranks ranged the number of cases appears between E-4 and E-6. In the statistically small. But for a Marine Corps and Army, for profession that prides itself on example, those troops are cor- honor and discipline, any epi- porals, sergeants and staff ser- sodes of abuse cast a pall. geants. Officers were involved Those numbers fall well-short in 49 of the cases. The victims of a full picture. were overwhelmingly female. Ages of the offenders and vic- Kathy Robertson, manager tims, locations of the incidents of the Family Advocacy Pro- and the branch of service that gram, said in an emailed res- received the report of sexual ponse to questions that the abuse were omitted. The De- incident rates reflect the U.S. fense Department said in a sta- military’s demographics. Most tement that “information that of the cases involve the E-4 and could unintentionally uniquely E-6 ranks because they are the identify victims was withheld largest number of active-duty from release to eliminate pos- personnel and the largest num- sible ‘re-victimization’ of the ber of parents in the military, innocent.” she said. It’s also unclear how many Defense Secretary Ash Carter Duplications in the data in- of the incidents resulted in le- dicate as many as 160 additio- gal action. The cases represent child sex crimes than for any Ash Carter to lift what they cal- saults, which focuses primarily nal cases of sexual abuse could substantiated occurrences of other offense. But the military’s led the military justice system’s on adult-on-adult incidents, have occurred during the 2010 child sexual abuse reported to opaque justice system keeps the “cloak of secrecy” and make they said. The senators — Bar- to 2014 period, involving a the Defense Department’s Fa- public from knowing the full records from sex crimes trials bara Boxer of California, Kirs- child who was victimized mul- mily Advocacy Program, which extent of their crimes or how readily accessible. ten Gillibrand of New York and tiple times or a repeat abuser. does not track judicial procee- much time they spend behind The senators also raised ano- Mazie Hirono of Hawaii — told The figures also account only dings, the department said. bars. ther concern. Cases involving Carter in a Dec. 8 letter they are for cases involving military de- An AP investigation published Responding to AP’s findin- children are not included in the concerned the department may pendents, which are the only in November found more inma- gs, three Democratic senators Defense Department’s annual be underestimating how many child victims the department tes are in military prisons for have urged Defense Secretary report to Congress on sexual as- sexual assaults are occurring in tracks. AP
Spain Romania Catalan secessionist parties Lawmakers draft to discuss way forward law to punish atalonia’s two main pro ce drive. aggressive driving C-independence parties will meet Mas said that he was determined to today (Macau time) to discuss how battle on, indicating an election was to salvage their drive to secede from in the cards. He will hold a news con- omanian vehicles — would also Spain after a key far-left party refu- ference late today. Rlawmakers have be punished. sed to back the re-election of incum- CUP’s decision on Sunday ended proposed legislation Driving on the si- bent regional leader Artur Mas. months of internal debate. The ra- Artur Mas to punish aggressive dewalk and parking Mas’ ruling conservative Conver- dical, anti-capitalist party had been drivers, addressing too long in the slow gence party and the Republican Left an unlikely partner for Mas from But veteran Republican Left de- public concerns about lane or on a two-lane of Catalonia group joined forces un- the beginning and had long rejected puty Joan Tarda appeared to break the number of horn- highway, and motor- der the “Together for Yes” alliance his candidacy because of his gover- ranks, tweeting that “If Mas steps honking, shouting and cyclists driving on one to win 62 seats in the 135-seat re- nment’s austerity policies and his aside and lets another party mem- light-flashing motoris- wheel also come un- gional parliament last September. party’s links to corruption scandals. ber opt for presidency, we can form ts on the roads. der the proposal, pub- But they needed the support of the CUP yesterday insisted that “To- a government and the independence Some 40 lawmakers lished yesterday in the far-left CUP’s 10 seats to secure Mas gether for Yes” could still propose process goes forward.” from various parties media. a workable majority and further the another candidate and receive the Polls show that most Catalans su- have drafted a pro- No date has been set independence push. party’s backing. pport a referendum on independen- posal to assess penal- for the draft to be de- The two larger parties will hold exe- “We haven’t got many days left, a ce, but are divided over breaking ty points and fines bated. Questions have cutive board meetings separately to week’s margin for a move, if desi- from Spain. The Spanish govern- against drivers for the been raised about discuss CUP’s shut-out of Mas. red, to avoid elections,” CUP deputy ment has ruled out the possibility of excessive use of horns whether the legisla- The region has until Jan. 10 to se- leader Anna Gabriel told Catalunya a split. and lights to intimida- tion could be enforced lect a regional president or face a Radio. Catalonia, a northeastern region of te other drivers. Tail- because deliberate in- new local election, which Mas has The alliance has so far maintained 7.5 million people, represents nearly gating — following too timidation could be warned could derail the independen- full support for Mas. a fifth of Spain’s economic output.AP closely behind other difficult to prove. AP 05.01.2016 tue
th Anniversary
16 INFOTAINMENT 資訊／娛樂
what’s ON ... TV canal macau this day in history
13:00 TDM News (Repeated) “Brush • Together” 13:30 News (RTPi) Delayed Broadcast Time: 9am-7pm 14:30 RTPi Live Until: January 8, 2016 Venue: Lou Lim Ieoc Garden, No. 10 16:40 Cougar Town S.4 Estrada de Adolfo Loureiro, Macau 17:40 Trail of Lies (Repeated) Admission: Free 18:30 TDM Sport (Repeated) Enquiries: (853) 6667 0599 19:30 Soap Opera 20:30 Main News, Financial & Weather Report Notable Couple – Artefacts from Sun 21:00 TDM Intreview Wan, Dr. Sun Yat-sen’s Second Daughter, 21:40 Non-Daily Port. News and her usband ai nsai H , T E 22:10 Trail of Lies ime hurchill renews T : 10am-6pm (Ticket booth closes 5:30pm; 23:00 TDM News 1952 C special relationship Closed on Mondays; Open on public holidays) 23:30 Miscellaneous ‘ ’ Until: January 10, 2016 00:30 Main News, Financial & Weather Report (Repeated) The British Prime Minister, Winston Churchill, has arrived in Venue: Exhibition Gallery, 3rd floor, Macau the United States for an official visit, his first since re-election Museum, No. 112 Praceta do Museu de Macau last October. Enquiries: He arrived in New York on board the liner Queen Mary ear- (853) 2835 7911 lier today and was welcomed by Mayor Impelliterri before being taken to Long Island for a flight to Washington. Inward Gazes Mr Churchill, who was returned to power last year following - Four Artists in Performance six years in opposition, is anxious to maintain what is called cinema the “special relationship” between Britain and the US. Time: 10am-8pm (Closed on Mondays) cineteatro In a brief news conference before boarding his flight, he Until: February 14, 2016 2 Jan - 6 Jan spoke of his hopes for peace and also of Britain’s ties with Venue: Old Court Building, the US. Yo-Kai Watch The movie_ He said: “It is of great importance when a new govern- Avenida da Praia Grande, Macau room 1 ment comes in in our country that those who have the grave Admission: Free 2.15, 5.50 pm responsibility of guiding it, like Mr Eden and myself, should Enquiries: (853) 8791 9814 Director: Shigeharu Takahashi get in touch at an early stage with our American friends and Language: Cantonese (English/Cantonese) colleagues. Duration: 91min “Our two governments must understand each other’s Shining Clean - Exhibition of Yongle points of view and do all we can to work together for the Porcelain Excavated from Zhushan of the Ip man 3_ common cause, trusting we will be able to build up that room 1 common understanding and intimacy which enabled us to Jingdezhen Official Kiln and Museum 4.00, 7.30, 9.30 pm go through safely in the past and without which no full se- Time: 9am-9pm Director: Wilson Yip Wai Shun Starring: Donnie Yen, Lynn Xiong, Max Zhang ttlement of new problems can be reached.” ntil U : March 13, 2016 Language: Cantonese (English/Cantonese) Mr Churchill arrived in Washington where he was welco- Venue: Temporary Exhibitions Gallery of the Civic Duration: 110min med officially by President Harry S Truman. Mr Truman also spoke of the close ties between Britain, the and Municipal Affairs Bureau Organizer: Civic and snoopy: the peanuts movie_ Commonwealth and the United States. Municipal Affairs Bureau, Cultural Affairs Bureau room 2 “Great Britain and the Commonwealth and the United Sta- Admission: Free 2.15, 5.50, 7.30 pm tes are the closest of friends and you and I want to keep it Enquiries: Director: Steve Martino that way,” he said. (853) 8988 4100 / 2882 7103 Language: Cantonese (English/Cantonese) Mr Churchill thanked the president. “It is always a great joy Duration: 88min to me to come to the United States,” he said, “where I have 10th Macau Design Biennial many and ancient connections and I look forward very much the little prince_ Time: 10am to 7pm indeed to renewing the comradeship which grew up during room 2 the struggles of the war.” (Closed on Monday, no admission after 6:30 pm) 4.00, 9.30 pm The two men then retired for lunch at Blair House. A num- Until: February 14, 2016 Director: Mark Osborne ber of other government officials were present for the meal Language: Cantonese (English/Cantonese) Venue: Macau Museum of Art including Foreign Secretary Anthony Eden, US Secretary Duration: 108min of State Dean Acheson, and Chief of Staff Admiral William dmission A : Adult MOP5, free for Children under 12 Leahy. years old, elderly over 65 years old After lunch the prime minister and the president went on (Admission is free on Sundays and public holidays) board the presidential yacht Williamsburg for informal talks Enquiries: which lasted about two hours. (853) 2836 7588 Reports prior to Mr Churchill’s arrival suggested relations between the two leaders may be strained by some differen- Salpicos – Solo Exhibition of Sofia Bobone ces of opinion over policy in the Middle and Far East, as well Time: 10am-7pm (Closed on Mondays) as aspects of defence policy and the supply of American steel. Until: January 10, 2016 A spokesman said later the talks had “covered a wide ran- Venue: Casa Garden Orient Foundation ge of topics” and “clarified the atmosphere” for the formal Admission: Free discussions which will begin on Monday. Tomorrow (Sunday) Mr Churchill will have lunch at the Pen- nquiries E : (853) 2855 4699 tagon with the Secretary of Defense Robert Lovett.
sherlock: the abominable bride_ Courtesy BBC News room 3 2.15, 7.15, 9.30 pm Director: Douglas Mackinnon Offbeat Starring: Benedict Cumberbatch, Martin Freeman, In context Una Stubbs he perfect match irlfriend Language:English (Cantonese) A communiqué issued at the end of their talks on Wednesday T : G Duration: 89min 9 January spoke of a “broad harmony of views” reached on to give boyfriend a kidney policy towards the Far East and a “complete identity of aims” in the Middle East. the boy and the beast_ The statement talked of progress on the question of steel im- A New Hampshire man found his perfect match in more room 3 ports and Mr Churchill agreed to allow the US to use British ways than one when he first met his girlfriend on a golf 7.30 pm bases for “common defence” of the two countries. course last summer. Director: Mamoru Hosoda The Times correspondent noted: “The most important result Forty-nine-year-old Jack Simard of Manchester is slated Language: Japonese (English/Cantonese) of the trip so far has been the arrest of the decay in mutual for his second kidney transplant around Valentine’s Day Duration: 119min confidence between the two Governments which had gone a and the donor is his girlfriend, Michelle LaBranche. long way.” WMUR-TV reports that the two avid golfers met at Sto- Mr Churchill suffered a stroke in 1953 and resigned from of- nebridge Country Club in Goffstown and fell in love. When macau tower fice two years later. He was replaced by Anthony Eden. The term “special relationship” was first coined to describe LaBranche found out Simard was seeking a kidney donor, 17 Dec - 6 Jan she tested to see if she was eligible without telling him. the strong ties forged between US President Franklin D Roos- evelt and Winston Churchill during World War II Doctors were surprised that her kidneys turned out to be star wars: the force awakens_ The special relationship between Britain and the US has been compatible. 2.30, 4.45, 7.15, 9.30 pm fostered by subsequent leaders. Most recently Prime Minister Simard’s first kidney transplant was 19 years ago. His sis- Director: J.J. Abrams Tony Blair supported President George W Bush in the 2003 ter was the donor. Starring: Teresa Palmer, Luke Bracey, Édgar Ramírez war against Iraq despite opposition from European allies LaBranche says Simard is her future, and she wants to Language: English (Cantonese) France and Germany. help him have a healthy life. Duration: 135min tue 05.01.2016 th Anniversary
資訊／娛樂 INFOTAINMENT 17
YOUR STARS The Born Loser by Chip Sansom Aries Taurus
Mar. 21-Apr. 19 April 20-May 20 You have the power to succeed today Your earthy nature asserts itself in a — even if it feels like you’re losing big way today, but that may put off ground. Just keep pushing yourself. those with their heads in the clouds. Things may look dark early in the You should just ignore them and let morning, but by tonight you should them enjoy their silly fantasies — see a glimmer of hope. you’ve got work to do!
Gemini Cancer
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Aquarius Pisces world
Jan. 20-Feb. 18 Feb.19-Mar. 20 Moscow -17 -14 flurry You’re more tired than you feel you Your assistance is needed in a big Frankfurt 4 6 drizzle/modereate rain ought to be, so go easy on yourself way — so ask around or look for and make sure that you’re delegating opportunities to save the day. Things Paris 7 10 moderate rain/drizzle responsibilities as much as you can. may move slowly at first, but once London 5 10 drizzle There’s not much point in driving you enter the picture, the pace picks yourself to exhaustion! up considerably. New York -2 6 clear
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ad 05.01.2016 tue
th Anniversary
18 SPORTS 體育
afa Benitez’s return to Valencia Rended with his Real Madrid stum- bling again in the Spanish league’s title race yesterday, while Chelsea fi- nally showed what made them cham- pions in England last season. Madrid wasted a chance to catch Barcelona in La Liga’s standings when it twice relinquished leads to draw 2-2 at Valencia in a match it ended with 10 men. Chelsea routed Crystal Palace 3-0 in a dominant display that had shades of last season’s cruise to the English Pre- mier League title. In France, Zlatan Ibrahimovic hea- ded home the winner as Paris Sain- t-Gemain started the defense of its French Cup title with a scrappy 1-0 win over fourth-tier side Wasquehal. Here is a look at the major action from Europe on Sunday: xinhua
Pepe jumps over a defender during the Real Madrid vs Valencia match
European Roundup SPAIN Madrid seemed set to romp to an easy victory after Karim Benzema fi- nished off a superb move in the 16th Madrid draws at Valencia, minute, but Valencia’s Dani Parejo leveled from the penalty spot just be- fore halftime. Chelsea routs Crystal Palace Gareth Bale headed Madrid back in front in the 82nd despite his team playing a man down after Mateo Ko- volley earning Spurs a point after can- Ibrahimovic connected with Marco vacic saw a direct red card for a low celing out Aaron Lennon’s opener. Verratti’s long ball on the hour mark. tackle of Joao Cancelo, only for Paco But Spurs’ domination at Goodison Facing amateur club Saint-Jean Alcacer to strike right back for the Park shows they are genuine challen- -Beaulieu, a team playing in the se- hosts a minute later. gers for the trophy. Only six points se- venth tier of French football, Monaco Benitez will face even more scrutiny parate Tottenham and its north Lon- took advantage of its opponents’ at- after Madrid failed to capitalize on don rival Arsenal in first place, and tacking style of play to catch them on Barcelona’s scoreless stalemate at Es- Spurs have only lost twice all season the break and score goals galore in a panyol on Saturday and remained two in the league. 10-2 victory. points behind the defending cham- Among the top-tier teams also ad- pions, which have a game to play. vancing to the round of 32 were Mar-
Madrid also fell four points behind xinhua seille, Lille, Lorient, Saint-Etienne, provisional leader Atletico Madrid, ENGLAND Bordeaux, Lyon and Montpellier. AP the only title contender to win this Oscar, Willian and Diego Costa sco- round. red for Chelsea, which is out of realis- Benitez’s latest stumble came in his tic title contention following a dismal return to a Mestalla Stadium where start to its defense. But it could still rafael benitez sacked he established his reputation with two challenge for a Champions League as real madrid coach league titles and a UEFA Cup trophy. spot on the evidence of its performan- The struggling powerhouse will also ce at Selhurst Park. have to be careful not to be caught by The champions are unbeaten in four The Spanish media reported yester- day that Real Madrid coach Rafael Benitez fourth-place Villarreal after Bruno matches under caretaker manager has been sacked by the club after just half Soriano scored his second of two goals Guus Hiddink since firing Jose Mou- FRANCE a season in charge and will be replaced deep into stoppage time to grab a 2-1 rinho a week before Christmas, but Playing its first game of 2016 in the as first team coach by Zinedine Zidane. victory at Deportivo La Coruna. are still languishing in 14th place — 13 northern city of Lille in rainy condi- The decision was reportedly taken at an Also, it was: Athletic Bilbao 2, Las points behind fourth-place Tottenham. tions, Paris Saint-Germain was in emergency meeting of the club’s Board of Palmas 2; Real Betis 0, Eibar 4; Gra- Spurs lost ground in the title race control throughout and created plenty Directors and is expected to be made of- nada 2, Sevilla 1; and Rayo Vallecano by drawing 1-1 at Everton in Sunday’s of scoring chances. ficial today (Macau time). 2, Real Sociedad 2. other game, with Dele Alli’s superb But it lacked a cutting edge until
Ex-Olympic champion gets 10-year ban in S Korea
outh Korea’s wei- won the 77-kilogram di- treatment. sorry for causing a con- Sghtlifting authorities vision at the 2008 Beijing Police in Chuncheon cern to the public” by the yesterday suspended an Olympics, attacked fellow could not immediately alleged incident. Olympic gold medalist for athlete Hwang Woo-man confirm the reports, whi- Hwang told South Ko- 10 years for allegedly bea- near a bar in the city of ch said that police had rean media that Sa at- ting up a junior weightlif- Chuncheon on Thursday, questioned Sa. tacked him because he ter, officials said. leaving the 21-year-old The Korea Weightlifting talked to acquaintances Local media reported with injuries that requi- Federation said in a sta- about a previous incident that Sa Jae-hyouk, who re six weeks of medical tement that it is “deeply involving the pair. AP Sa Jae-hyouk tue 05.01.2016
th Anniversary
體育 SPORTS 19
Football Ebola-free Ready, set, roll: Boston Marathon Guinea clear for international gets its 1st documentary football matches The African football confederation says it has ended a ban on Guinea hosting international matches William J. Kole, Boston No Boston after the country was declared
ap photo free of Ebola. Health concerns merica’s marquee documentary forced Guinea to play its first marathon is ready for home qualifying match for the its close-up. “Boston,” would be 2018 World Cup in Morocco. the first feature-len- CAF wrote to Guinea’s football gthA documentary film about complete federation yesterday lifting a ban the Boston Marathon, is in the which was imposed in August works. Its creators say the mo- without the 2014 and applied to national and vie will go well beyond the 2013 dark events club teams. CAF says it acted after bombings to retrace the iconic the World Health Organization footrace’s first steps in 1897. of 2013 confirmed last week that Guinea “Over the years, the Boston was clear of the Ebola virus. Last Marathon has had so many ex- ting on the winner, and unem- November, Guinea beat Namibia traordinary stories of people ployed men who ran during 2-0 in Casablanca to advance 3-0 on aggregate to the final group achieving and accomplishing In this April 19, 1983, file photo, Joan Benoit receives her laurel wreath and reacts World War II in hopes the media things,” said producer Megan to cheering crowds after winning the Boston Marathon in record time for the attention would help them com- stage in African qualifying. Guinea Williams, an Oscar-nominated women’s division pete for scarce jobs. resumes qualifying in October filmmaker. “It’s like looking at “Boston” also will follow more in one of five four-team groups cultural and social change over But the film will be a sort of hi- popular “Spirit of the Mara- modern heroes, such as 2014 which are scheduled to be drawn the last century through the lens ghlights reel from the 120-year- thon” films — cult classics that victor Meb Keflezighi, the first in June. of this major sporting event.” old marathon, the nation’s followed select amateur and elite American man to win in 31 years. Two feature films (one starring oldest. The Boston Athletic As- runners at the 2005 Chicago and But the real star is the race it- Tennis Mark Wahlberg), a stage play sociation, which organizes the 2012 Rome marathons. self. Riske eliminates and an HBO special also are in race, gave Dunham exclusive Nothing rivals the Boston Ma- The movie tentatively is set to production, though they’re all rights to its archive of photos, vi- rathon in terms of sheer lore, premiere in April 2017 in con- Beck in 1st round about the 2013 finish line attacks deo and marathon memorabilia. said Tom Derderian, a running junction with the 121st edition of Shenzhen that killed three spectators and “Boston” will tell the stories of coach and author who’s serving of the race. John Hancock Fi- wounded more than 260 others. some of the greatest maratho- as an executive producer, along nancial, the marathon’s prin- Open No Boston documentary wou- ners ever to conquer the hilly with 2004 Olympic marathon cipal backer, has signed on as Alison Riske advanced to the ld be complete without the dark 26.2-mile course stretching from bronze medalist Deena Kastor. the film’s title sponsor, though second round of the Shenzhen events of 2013. “Boston,” howe- Hopkinton, Massachusetts, to “The marathon is a mirror in Williams said she’s still working Open by beating eighth-seeded ver, will focus less on the chaos Boston. They include four-time which you can see the reflections to raise half of the project’s Annika Beck 6-7 (3), 6-3, than the comeback. The pro- winner Bill Rodgers; Johnny of the times in every year,” he USD2 million budget. 6-2 yesterday. The unseeded ducers had 56 cameras along Kelley, who ran 61 Bostons and said. “For instance, the world In the meantime, the Boston American will next face Hsieh the course in 2014 for the ma- won two; and Kathrine Switzer, of the 1910 Boston was not this Symphony Orchestra is recor- Su-Wei of Taiwan. Hsieh beat rathon’s first running since the who in 1967 became the first wo- world — it featured young men ding Emmy-winning composer Ying-Ying Duan 6-4, 7-5. Irina- bombings. man to run with an official bib who were considered at great Jeff Beal’s score. Camelia Begu was among three Director Jon Dunham said number. risk of ruining their health by “I’m not a runner and I’m not seeded players to advance. The the city’s determination to take “It’s a huge undertaking. We’ve running. That was the essential from Boston,” Williams said. third-seeded Begu beat Lara back its namesake race will be got 300 hours of stuff we shot, myth of those times.” “But I hope our film really cap- Arruabarrena of Spain 6-3, 6-2, a recurring theme in the movie, not counting the archival mate- Derderian ticks off other exam- tures the uniqueness and im- while fourth-seeded Monica which was conceived before the rial,” said Dunham, who hopes ples: wild speculation in the portance of the Boston Mara- Niculescu defeated Anastasija attacks. it will psych up runners like his 1920s that fueled rampant bet- thon.” AP Sevastova of Latvia 1-6, 6-4, 6-3 and seventh-seeded Zarina Diyas beat Zhang Kai-Lin of China 6-4, 7-6 (3). Timea Babos, Anna-Lena Friedsam and Katerina Siniakova Ferrari makes stand-alone debut on Milan stock exchange also advanced.
Colleen Barry, Milan and stupid.” NFL “If you put a Ferrari sticker on a toaster it ports carmaker Ferrari is following ap photo doesn’t go faster,” said Marchionne. Browns fire coach Sup its successful Wall Street listing with Back in October, for the NYSE listing, Mike Pettine, a stock market launch in Milan, as it be- Fiat Chrysler listed a 10 percent stake at gins a new era as a stand-alone company $52 a share, valuing the company at nearly general manager free of the mass-market associations of its $10 billion. Ray Farmer former parent, Fiat Chrysler. For the parallel Milan listing, Fiat Chrys- The company famed for its Formula 1 ra- ler distributed its remaining 80 percent to The Cleveland Browns fired Mike In this Wednesday, Oct. 21, 2015, file photo, Pettine and the San Francisco cing machines and coveted red roadsters a Ferrari SF15-T is parked in front of the New York its shareholders, at a rate of one common 49ers dismissed Jim Tomsula as began trading Monday morning, the first Stock Exchange as part of the promotional activity share of Ferrari for every 10 shares of Fiat business day of the year, at 43 euros ($47) around Ferrari’s listing on the NYSE Chrysler. their head coaches on Sunday, under the RACE ticker. The shares slipped The spinoff will help Fiat Chrysler reduce paying the price for disappointing to 41.75 euros in a broadly lower market, ned,” for Ferrari, said its chairman, Ser- debt and fund ambitious plans to expand seasons. Pettine went 10-22 in two were briefly suspended and then climbed gio Marchionne, who is also CEO of Fiat higher-margin luxury brands Alfa Romeo years, dropping 18 of his final 21 to 41.90 euros. Chrysler. Marchionne called the develo- and Maserati. games after a promising 7-4 start in 2014. Owner Jimmy Haslam Ferrari made its public debut on the New pment a “new threshold, a new starting Until the October launch, the automaker, also announced the firing of Ray York Stock Exchange in October. It closed line” for the prestigious brand. based in the northern Italian town of Ma- Farmer as general manager. But he is treading carefully with any out 2015 at the price of $48 (about 44 eu- ranello, had been a private company since Pettine was the team’s seventh ros). plans to expand the Ferrari brand, whose its founding in 1929 by Italian sportscar full-time coach since 1999, and The new company, which completes its value relies on its exclusivity. Marchionne driver Enzo Ferrrari. the team has changed coaches separation from Fiat Chrysler Automobiles wants to turn Ferrari into a luxury goods In 1969, Fiat bought a 50 percent stake and GMs five times since 2008. SpA, is controlled by Exor SpA, the Agnelli company in order to profit more from the in the company, which it then increased to “We’ve made this decision because family holding company that also controls brand’s prestige. 90 percent in 1988. we don’t believe our football Fiat Chrysler, with a 23.5-percent share, Ferrari is “probably the most difficult As for Ferrari’s race car mission, Mar- team was positioned well for the and Piero Ferrari, founder Enzo Ferrari’s brand extension” to develop, Marchionne chionne said that the biggest challenge is future,” Haslam said. “We are all son, who retains a 10-percent stake. told a news conference, and so the com- to bring back the team as a Formula 1 win- disappointed with where we are “With the listing, a new chapter is ope- pany intends to avoid doing “anything big ner. AP and we take full responsibility.” THE Charleston a focus of 40th season Station05.01.2016Air quality tue th Anniversary BUZZ of Spoleto Festival USA Roadside 50-70 20 Moderate Historic Charleston is a large focus of next ra about Charleston and its people based on the spring’s 40th edition of the Spoleto Festival novel by Charleston native DuBose Heyward. High USA, from glimpses of the city in the iconic The production is being designed by Jonathan Density 55-75 opera “Porgy and Bess” to the tragedy of the Green, the local artist known worldwide for his Residental Emanuel AME Church shootings. colorful paintings of black residents of the sea Moderate The lineup for the internationally known arts islands on the southeast coast. Area opinion festival that runs from May 27 through June 12 The opera will be Spoleto’s first production was unveiled on Sunday. in the Gaillard Center, the city’s new USD142 Ambient 45-65 It features Spoleto’s first production of Geor- million performing arts center that opened Moderate source: dsmg source: Our Desk ge Gershwin’s “Porgy and Bess,” the famed ope- last fall. Daniel Beitler WORLD BRIEFS
Where are Macau’s Missing booksellers ’s local Islamic Libya bookstores? State affiliate says it has detonated two car bombs According to the International Publishers’ have CY Leung at a checkpoint near the Association, China now has the world’s largest country’s oil fields and publication industry with over 444,000 new titles clashed with fighters allied and re-editions in 2013, the last year for which with the internationally data is available. But behind this growth is the ‘highly concerned’ recognized government sustained decline in book sales and rise in books- there. Ali al-Hassi, a tore closures in recent years. information from anyone spokesman for the forces Many industry leaders attribute this decline to who could help give a better that control the majority of rent increases and the invasion of the market by ap photo idea of the missing people’s Libya’s oil fields, says six online bookstores and the growth of e-readers. of their fighters were killed whereabouts or the reasons in yesterday’s attacks, Indeed, across China bookstores have survived for the their disappearance. along with five IS fighters either through specialization in a niche, or throu- “If mainland Chinese in the coastal port town of gh the subsidies of large shopping complexes. law enforcement person- Siddra. This is especially true for Macau, where only a nel are carrying out duties handful of bookstores endure, and usually by offering an ‘indie’ selection of books or through in Hong Kong, it would be Protesters hold photos of missing booksellers during a protest outside unacceptable because it goes targeting a particular demographic like Portugue- ap photo se-language readers. the Liaison Office of the Central People’s Government in Hong Kong against the Basic Law,” the The population of Macau is sufficiently sizeable mini-constitution under whi- to support a number of bookstores, but the fact Kelvin Chan, Hong Kong The latest and most startling ch Beijing agreed to uphold that few exist suggests a lack of interest in buying case came last week, when the “one country, two sys- books – or worse, in reading at all. Anson Ng, ow- ong Kong’s leader said the publisher’s chief editor, tems” principle after taking USA For months, former president Bill Clinton has ner of bookstore “Pinto Livros,” half-jokingly su- yesterday that he was Lee Bo, failed to return home control of the city from Bri- ggested that Macau’s casino connotations might H largely stayed out of the “highly concerned” about after paying a visit to a book tain in 1997, Leung said. 2016 race, mentioned have something to do with it, since the Cantonese the recent disappearances of storage warehouse. The Chinese foreign minis- mostly in passing by word for “book” (書 , Shū) has an almost identical five people associated with a Four other people linked to try in Beijing said Monday Democratic front-runner pronunciation to the word for “lose”(輸 , Shū)! publishing company in the the company went missing in that it had no information on Hillary Clinton. Now, But reading may be even more important for city that specializes in titles October, but they were last the case. following days of attacks Macau today, against the backdrop of the MSAR over his sexual history from government’s intention to develop the creative critical of mainland China’s seen either in mainland Chi- Mighty Current speciali- zes in sensationalistic books Republican front-runner and cultural industries of the region. This has leadership. na or Thailand. Donald Trump, Clinton been the policy since the conception of the MSAR Chief Executive Leung In Lee’s case, his wife told about Chinese political is escalating his public government more than 15 years ago. In a paper Chun-ying also told repor- local media that he had cal- scandals and other sensitive involvement in his wife’s entitled “Policy Address for the Fiscal Year 2001,” ters that there’s no evidence led her from a number that issues that mainland pub- campaign. the MSAR government announced the “promo- so far to support suspicions indicated he was in Shen- lishers are forbidden from tion of artistic and creative activities” partly throu- that security agents from the zhen, the mainland Chinese covering. The books are ban- USA General Motors Co. gh the “promotion of reading and writing.” mainland were involved in city next door to Hong Kong. ned in China but are available and ride-hailing company Lyft Inc. are forming an Anson Ng says that books are the cumulative the disappearances. That has led many to suspect in Hong Kong, where they’re sum of human knowledge. “We only have a li- unprecedented partnership Five people associated that Chinese agents crossed sold at bookshops frequen- that could help them beat mited number of experiences as individuals,” Ng with Hong Kong publisher over into Hong Kong, snat- ted by visiting tourists from their rivals to the self- said, “but through reading we can live more than Mighty Current and its Cau- ched Lee and spirited him to the mainland. driving future. Lyft said that one life.” Reading fosters an interest in accumu- seway Bay Bookstore have the mainland. Hong Kong pro-democra- GM invested $500 million lating knowledge and experiences, and in return, in the company as part of sharing them. It leads a person to want to host vanished in recent months. “The government and I are cy lawmaker Albert Ho said highly concerned about the Sunday that there were ru- a round of a USD1 billion a show or performance, or to attend one. In this The disappearances have round of fund-raising. sense, reading is the crucial ingredient in develo- raised fears that Beijing case” of the missing book- mors the publisher was pre- ping an authentic producer and consumer class is tightening its grip on sellers, Leung said. paring a book on an old “gir- in creative and cultural industries. Hong Kong, a region that Hong Kong’s leader also lfriend or mistress” of Chi-
The MSAR government has recognized that the enjoys civil liberties such as said there’s “no indication” nese President Xi Jinping ap photo top-down approach of solely providing subsidies freedom of the press that yet that Chinese agents are and had faced pressure to and grants to cultural producers will not be suf- don’t exist on the mainland. involved, and appealed for scrap it. AP ficient to create a lasting and authentic cultural scene in Macau. The government has thus in- An outspoken vested in complementary bottom-up policies to Venezuela opposition leader create the demand for cultural goods. known for embracing The Education Development Fund provides The confrontation was chosen subsidies to schools to increase their reading to head Venezuela’s new AP Photo/Vahid Salemi resources. The policy aims to develop an inte- decisive moment congress when it opens rest in, and make a habit of reading in the hope as a counterweight to the of inspiring young people to read. The Macau socialist administration. Central Library also hosts a number of events, The newly elected often inviting guest speakers to talk on subjects opposition majority voted ranging from science fiction to music and art, to make Henry Ramos and from children’s literature to philosophy. In Allup (pictured, above October the library hosted a children’s reading right) the president of the promotion programme called “A Story Book National Assembly when it Journey: Season 2”. is seated today. These are promising steps, but the MSAR go- vernment must ensure that they are promoting both books designed to give students a compe- ap photo titive edge, as well as less practical literature in- tended to broaden horizons and introduce new concepts essential to artistic and creative deve- lopment. With respect to the latter, nothing really compa- res to perusing a physical bookstore. The physi- cal bookstore allows the consumer to have their interest peaked by a book on a topic that they Mexico Three people, have never considered. It is a random attraction including a minor, are to something seen out of the corner of our eye being held for the killing of that often results in a cultivated interest or a life- a newly inaugurated mayor Severed ties. An Iranian woman holds up a poster showing Sheikh Nimr al-Nimr, a prominent opposition time dedication. And that is why we need books- just hours into her term in Saudi Shiite cleric who was executed last week by Saudi Arabia, in Tehran, yesterday. Allies of Saudi tores in Macau. a gang-troubled central Arabia followed the kingdom’s lead and began scaling back diplomatic ties with Iran. Mexican city.