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2020 Annual Report
Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142, 5725, 5727, 5733, 40246, 40247, 40584, 40585 www.sandschina.com From Luxury Duty Free Shopping, Exciting Entertainment and Fabulous Dining to World-Class Hotel Suites and MICE, Come and Discover Everything at Sands China. SANDS CHINA LTD. CONTENTS 1. OVERVIEW 4 1.1 Financial Results Summary 4 1.2 Highlights of 2020 5 1.3 Directors and Senior Management 11 2. BUSINESS REVIEW 18 2.1 Chairman’s Statement 18 2.2 Business Overview and Outlook 20 2.3 Our Properties 26 2.4 Management Discussion and Analysis 33 2.5 Priority Risk Factors 47 2.6 Stakeholder Information 59 3. CORPORATE GOVERNANCE 66 REPORT 3.1 Introduction 66 3.2 Corporate Governance Code Compliance 66 3.3 Board Governance Structure 67 3.4 The Board 68 3.5 Audit Committee 74 3.6 Remuneration Committee 76 3.7 Nomination Committee 78 3.8 Capex Committee 81 3.9 Risk Management and Internal Control 82 3.10 Shareholders 87 3.11 Compliance Disclosures and Other Matters 90 3.12 Directors’ Report 92 4. FINANCIAL STATEMENTS 113 4.1 Independent Auditor’s Report 113 4.2 Financial Statements 117 4.3 Notes to the Consolidated Financial Statements 123 4.4 Financial Summary 193 5. CORPORATE INFORMATION 194 6. CONTACT US 195 7. GLOSSARY 196 In case of any inconsistency between the English version and the Chinese version of this Annual Report, the English version shall prevail. SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS 2 ANNUAL REPORT 2020 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS our Luxurious Hotel Rooms and Suites await you. -
Booming Macau
CHINA BOOMING MACAU ©Raphaël Fournier An advertisement for the Galaxy Casino. Macau is the Las Vegas of the East, the world’s gambling paradise Gambling in Macau generates in excess of 30 billion dollars a year In October the Hong Kong-Zhuhai-Macau Bridge was opened. It is the world’s longest bridge The bridge will further increase the number of tourists, which in 2025 are due to reach record levels of 40 million Too many according to the authorities: the peninsula is small and it is necessary to introduce a maximum limit. But How? The Grand Lisboa Casino. Opened in 2006, it is owned by Stanley Ho, holder of the gambling licenses monopoly in Macau until 2002. A tourist in front of The Venetian Casino. The lights of the Grand Lisboa Casino. Chinese gamblers taking a break outside a casino. The tourist invasion of the gambler’s paradise The Las Vegas of the East, the gambling town par excellence, one of the richest places on the planet (it is due to overtake Qatar in 2020) – it is, of course, Macau. The former Portuguese colony was returned to Chinese control in 1999, but with one particularity: it is the only place in China where gambling and casinos are legal. Macau – known by the Chinese as Aomén – is famous for two things: money (it is a tax haven) and the tourists attracted by the roulette, poker and slot machines. Here one in five inhabitants works in a casino and more than 70% of government revenues is derived from gambling, an activity that brings wealth (in excess of 30 billion dollars a year) and that in 2018 alone attracted almost 36 million visitors to Macau. -
In Hong Kong the Political Economy of the Asia Pacific
The Political Economy of the Asia Pacific Fujio Mizuoka Contrived Laissez- Faireism The Politico-Economic Structure of British Colonialism in Hong Kong The Political Economy of the Asia Pacific Series editor Vinod K. Aggarwal More information about this series at http://www.springer.com/series/7840 Fujio Mizuoka Contrived Laissez-Faireism The Politico-Economic Structure of British Colonialism in Hong Kong Fujio Mizuoka Professor Emeritus Hitotsubashi University Kunitachi, Tokyo, Japan ISSN 1866-6507 ISSN 1866-6515 (electronic) The Political Economy of the Asia Pacific ISBN 978-3-319-69792-5 ISBN 978-3-319-69793-2 (eBook) https://doi.org/10.1007/978-3-319-69793-2 Library of Congress Control Number: 2017956132 © Springer International Publishing AG, part of Springer Nature 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. -
訊 息 息 Informationen
訊訊 息 息 Informationen In eigener Sache: China heute erhält englischsprachige Schwesterzeitschrift Religions & Christianity in Today’s China Den chinesischen Titelschrift- zug für Religions & Christianity in Today‘s China kalligraphierte Dr. Yang Xusheng (Beijing). Im Zuge seiner verstärkten Internationalisierung und auf- des China-Zentrums. Die Startnummer ging am 5. August grund des von vielen geäußerten Wunsches, einige Artikel 2011 online. Inhaltlicher Schwerpunkt dieser ersten Num- von China heute auch in englischer Sprache lesen zu kön- mer ist das 8. Europäische Katholische China-Kolloquium nen, gibt das China-Zentrum zusätzlich zu China heute seit (Freising, September 2010) zum Thema „Chinesen in Euro- diesem Sommer auch eine englischsprachige Zeitschrift pa – Trends und katholische Perspektiven“. heraus. Religions & Christianity in Today’s China wird künf- Interessierte Leser können das neue e-Journal kosten- tig sowohl eigene Beiträge wie auch Artikel aus China heute los von unserer Website www.china-zentrum.de herunter- enthalten, welche in die englische Sprache übersetzt wur- laden. Dort besteht auch die Möglichkeit, sich für einen den. Auch die „Chronik zu Religion und Kirche in China“ Newsletter einzutragen, der Sie per E-Mail jeweils über das aus China heute wird fester Bestandteil der neuen Zeit- Erscheinen einer neuen Ausgabe informiert. schrift. Religions & Christianity in Today’s China fungiert Für die Veröffentlichung unserer Zeitschriften sind wir zugleich als eine Art Fortführung der Reihe European Ecu- auf Unterstützung angewiesen. Wir freuen uns über jede menical China Communication, die seit 1992 vom China- Spende. Zentrum veröffentlicht wurde und vor allem Beiträge der Wir hoffen, dass Religions & Christianity in Today’s Chi- Europäischen Ökumenischen und Katholischen China- na ebenso wie China heute das Interesse vieler Leserinnen konferenzen enthielt. -
ASIA WATCH OVERVIEW Human Rights Developments While China
ASIA WATCH OVERVIEW Human Rights Developments While China, Burma and Kashmir exemplified the continuing human rights problems in Asia, the major development in the region was not so much the nature of the abuses but the debate over how to address them. Two factors had a major impact on this debate: the increased visibility of Asian nongovernmental organizations or NGOs and the growing economic power of East Asia. Asian NGOs were able to articulate a vision of human rights that differed radically from that of their own governments and thus called into question the ability of the latter to define what is "Asian." They were more successful than their governments in blurring the traditional sub-regional distinctions of South Asia, Southeast Asia and Northeast Asia. And they helped redefine priorities for the human rights movement in a way that rendered obsolete the old division of labor among human rights, development, women's rights and environmental organizations. These efforts culminated in the issuing of the "Bangkok NGO Declaration on Human Rights" of March 27. Over one hundred NGOs from across Asia and the Pacific gathered in Bangkok on March 23 to coordinate their position for the World Conference on Human Rights, just as Asian governments convened a few days later, also in Bangkok, for the regional preparatory meeting of the World Conference on Human Rights. It was clear from a series of statements they made during 1992 that China, Indonesia, Singapore and Malaysia, at the very least, were determined to promote an "Asian concept of human rights" which downplayed political and civil rights, highlighted the importance of economic development, stressed the need to take cultural, historical and religious factors into account when assessing human rights, and rejected aid conditionality and other forms of "interference in domestic affairs." It was this concept that the Asian NGOs set out to rebut in Bangkok. -
[ 1966 ] Part 1 Sec 2 Chapter 19 Assistance to Refugees
398 ECONOMIC AND SOCIAL QUESTIONS again acting as host to the Consultative Group on "4. Decides, pursuant to the suggestion made in Coca Leaf Problems; paragraph 21 of the note by the Secretary-General, to "2. Notes with deep satisfaction the extensive ad- set up a committee on candidatures consisting of ministrative and educational efforts made by Peru to thirteen members; restrict the production and chewing of coca leaf and "5. Approves the procedure for the election of its illegal utilization for the manufacture of cocaine, members of the International Narcotics Control Board, and gradually to replace coca bush cultivation by other as contained in the report of the Commission on Nar- viable agricultural and industrial activities; cotic Drugs and as outlined by the Secretary-General. "3. Invites the Secretary-General of the United "6. Requests the Secretary-General to set in mo- Nations and the Heads of the specialized agencies tion the process for the first elections of the Interna- whose terms of reference permit their doing so, to tional Narcotics Control Board, in accordance with give sympathetic consideration, to the extent that article 9 of the Convention and the above approved (financial resources permit, to such requests for tech- procedure; nical and financial assistance as they may receive from "7. Urges all States which are parties to the earlier Member States of the United Nations for the purpose international narcotics treaties, and not to the 1961 of combating the habit of chewing coca leaf and for Convention, to co-operate with the International Nar- the replacement of the coca bush." cotics Control Board in the performance of its func- tions in accordance with article 45, paragraph 2, cf IMPLEMENTATION OF SINGLE CONVENTION the said Convention." E/4140. -
The Door Behind the Bamboo Curtain – Chinese Law and Policy on Refugee Status
THE DOOR BEHIND THE BAMBOO CURTAIN – CHINESE LAW AND POLICY ON REFUGEE STATUS BY LILI SONG A thesis submitted to the Victoria University of Wellington in fulfilment of the requirements for the degree of Doctor of Philosophy Victoria University of Wellington (2014) ABSTRACT This thesis systematically considers the law and policy on refugee status in the People’s Republic of China. It considers relevant Chinese legal provisions, applicable bilateral and multinational treaties, as well as China’s refugee policy and practice. It also presents and analyses first-hand information collected through interviews with refugees and aid workers. China is an emerging destination of refugees and other displaced foreigners. Although China is a party to the 1951 Convention relating to the Status of Refugees and its 1967 Protocol, Chinese law contains no provisions governing the definition of a refugee or the determination of refugee status. Further, there is a gap between the criteria for asylum in the 1982 Chinese Constitution and the criteria for refugee status in the 1951 Convention. In practice, although the Chinese government has generally allowed the United Nations High Commissioner for Refugees to process individual applications for refugee status, the Chinese government has practically performed the function of refugee status determination in large-scale influx situations through policy decisions. In these situations, the security, political, and strategic interests of China have often overshadowed China’s commitment under the 1951 Convention. China has been cautious about recognising refugees on its territory. However, the Chinese government has clearly demonstrated a growing interest in addressing the issue of refugee recognition within a more formalised framework. -
[ 1993 ] Part 3 Chapter 15 Refugees and Displaced Persons
Refugees and displaced persons 1071 Chapter XV Refugees and displaced persons During 1993, the world's refugee population, treatment of asylum-seekers, to uphold asylum as including internally displaced persons, increased an indispensable instrument for the international from 18.9 million to 23 million, severely taxing the protection of refugees, and to respect scrupulously capacity of the international community to the fundamental principle of non-refoulement respond. (resolution 48/116). The United Nations High Commissioner for Refugees (UNHCR) continued to deal with com- plex and protracted refugee crises through as- sistance and protection while pursuing a strategy Programme and finances of UNHCR aimed at prevention, preparedness and voluntary repatriation. Although heavily burdened by new refugee populations, UNHCR assisted some 1.8 million refugees to return home voluntarily in Programme policy 1993, at a total cost of $191 million. It endeavoured Executive Committee action. At its forty- to secure asylum for those compelled to flee and fourth session (Geneva, 4-8 October 1993),(1) the to respond rapidly to their emergency needs, com- Executive Committee of the UNHCR Programme plementing these efforts with prevention and expressed concern at the inadequacy of interna- solution-oriented activities in their countries of tional protection for various groups of refugees. origin. It noted the size and complexity of the refugee Some 469,000 Afghan refugees were repatriated problem, the risk of new refugee situations de- from Iran and Pakistan during 1993, with UNHCR veloping and challenges to refugee protection, in- assistance, and an additional 400,000 returned cluding the denial of UNHCR access to people in spontaneously. -
ANNUAL TRIPARTITE CONSULTATIONS on RESETTLEMENT Geneva, 14 – 15 June 2005
ANNUAL TRIPARTITE CONSULTATIONS ON RESETTLEMENT Geneva, 14 – 15 June 2005 ___________________________________________ UNHCR PROJECTED GLOBAL RESETTLEMENT NEEDS 2006 Projected Global Resettlement Needs 2006 Table of Contents Table of Preliminary Projections -------------------------------------------------------------- 3 Introduction ---------------------------------------------------------------------------------------- 6 AFRICA -------------------------------------------------------------------------------------------- 9 Great Lakes ---------------------------------------------------------------------------------------- 10 Refugees in Burundi Refugees in the Central African Republic (CAR) Refugees in the Democratic Republic of Congo (DRC) Refugees of the Republic of Congo (ROC) Refugees in Gabon Refugees in Rwanda Refugees in Tanzania East and Horn of Africa ------------------------------------------------------------------------ 21 Refugees in Chad Refugees in Djibouti Refugees in Eritrea Refugees in Ethiopia Refugees in Kenya Refugees in Somalia Refugees in Sudan Refugees in Uganda West and Central Africa ------------------------------------------------------------------------ 35 Refugees in Benin, Burkina Faso, Niger and Togo Refugees in Cameroon Refugees in Côte d’Ivoire Refugees in Gambia Refugees in Ghana Refugees in Guinea Refugees in Guinea-Bissau, Mali and Senegal Refugees in Liberia Refugees in Nigeria Refugees in Sierra Leone Southern Africa ----------------------------------------------------------------------------------- -
A Caridade Religiosa E Os Serviços Sociais Em Macau
Administração n.º 101, vol. XXVI, 2013-3.º, 701-729 701 A Coexistência de Duas Origens: A Caridade Religiosa e os Serviços Sociais em Macau Lou Shenghua * O encontro Oriente-Ocidente e o multiculturalismo são as caracte- rísticas da cidade de Macau. No início como uma base no Oriente para a propagação do catolicismo na Ásia, Macau foi a primeira região da Ásia a entrar em contato e a aceitar a fé católica e por isso tem sido conhecida como “Vaticano do Oriente”. Antes da chegada das religiões ocidentais, o Taoísmo, o Budismo e outras crenças orientais foram-se alastrando em Macau, desde há muito. Assim, múltiplas religiões heterogéneas orientais, coexistem pacificamente, enquanto na competição para o crescimento Macau constitui um estilo único de cidade de crenças. A religião é a vitalidade dos fiéis e das ligações da comunidade local. Entre elas, a caridade é o laço fundamental que liga as religiões e as so- ciedades, mas também a forma fiel e importante para ganhar a aceitação social. As religiões orientais e ocidentais em Macau não são as mesmas em diferentes formas de actividades de caridade na sociedade, o que se pode dizer é que as instituições religiosas em Macau não têm só uma longa his- tória, mais importante do que isso, as religiões por meio da sua profunda participação em serviços sociais e de caridade, moldaram e mudaram a filantropia de Macau, para mostrar um padrão de características distintas. I. A Não Convergência de Duas Origens: a Introduçâo do Estilo Ocidental de Caridade e A Coexistência Diversificada De Instituiçôes de Caridade Chinesa e Ocidental Assim como em outras regiões, a caridade em Macau originou e desenvolveu-se devido às necessidades da comunidade local. -
Report United Nations High Commissioner for Refugees
REPORT OF THE UNITED NATIONS HIGH COMMISSIONER FOR REFUGEES GENERAL ASSEMBLY OFFICIAL RECORDS: THIRTY-FIFTH SESSION SUPPLEMENT No. 12 (A/35/12) UNITED NATIONS c REPORT OF THE UNITED NATIONS HIGH COMMISSIONER FOR REFUGEES GENERAL ASSEMBLY OFFICIAL RECORDS: THIRTY-FIFTH SESSION SUPPLEMENT No. 12 (A/35/12) UNITED NATIONS New York, 1980 NOTE Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. The report on the thirty-first session of the Executive Committee will be issued subsequently as Official Records of the General Assembly, Thirty-fifth Session, SupplementNo. 12A (A/35/12/Add.l). /jiriginal: English-7 /54 September 19827 CONTENTS Paragraphs Page IMTRODUCTIOI\T . , . e . 1-8 1 Chapter I. IWTERNATIOi?AL PROTECTION . D . 9 - 68 3 A. Introduction . , , . , . , . , , . g - 14 3 B. Principles of protection and refugee rights 8 . 15 - 44 4 1. Asylum.. a ..,........... e,, . 15 - 20 4 2. Rescue at sea . , . 21 - 22 5 3. Ron-refoulement . , . e . 23 - 25 6 4. Expulsion . 0 . 26 - 27 6 5. Personal safety of refugees . 4 . + . 28 - 30 7 6. Detention e . , . o . 31 - 32 7 7. Economic and social rights . 33 - 36 8 8. Travel and identity documents . 37 - 41 8 9. Acquisition by refugees of a new nationality . 42 - 44 9 C. Determination of refugee status m . , . 0 . 45 - 48 10 D. Voluntary repatriation . 49 - 54 11 E. Family reunification . e . 0 . 55 - 57 12 F. International instruments . 58 - 66 12 1. Statute of the Office of the High Commissioner . -
Positive Practices in Refugee Protection in the Asia-Pacific Region
POSITIVE PRACTICES IN REFUGEE PROTECTION IN THE ASIA-PACIFIC REGION RESEARCH REPORT 1 Authors: Evan Jones, Julia Mayerhofer and Amy Testa Editors: Anoop Sukumaran, Helen Brunt, Mahalia Kahsay The Asia Pacific Refugee Rights Network (APRRN) is an open and growing network consisting of more than 250 civil so- ciety organisations and individuals from 26 countries committed to advancing the rights of refugees in the Asia Pacific region. This is done through information sharing, mutual capacity building and joint advocacy. APRRN members are diverse, including service providers, human rights advocacy groups, research institutions, law firms providing pro-bono legal aid, refugee community-based organisations and refugees themselves. Almost all APRRN members are civil soci- ety groups working in their specific local contexts, lobbying their governments for changes in policies and legislation to protect the rights of refugees. At the heart of APRRN’s work is a desire for members and non-members alike to learn from each other and share infor- mation. It is hoped that this report, ‘Positive Practices in Refugee Protection in the Asia-Pacific Region’ will continue this momentum within the refugee sphere. Authors Evan Jones, Julia Mayerhofer and Amy Testa Design and Layout Evan Jones Editing Anoop Sukumaran, Mahalia Kahsay, Helen Brunt Cover photo courtesy of Tabish Organisation, Afghanistan. Other photos are courtesy of APRRN members. Specific attri- bution occurs throughout the report. Contact Us For any comments, questions or further information please contact the APRRN Secretariat. 888/12, 3rd Floor, above Profession Visa and Translation Service Co. Ltd Mahatun Plaza, Ploenchit Road, Lumpini, Pratumwan, Bangkok 10330, Thailand Phone: +66 2 252 66 54 / Fax: +66 2 252 66 54 [email protected] www.aprrn.info This report is under a creative commons license.