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'Competition Is Going to Be Very Keen'

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'Competition Is Going to Be Very Keen' MONEY LAUNDERING FOSUN CHAIRMAN CUSTOMS , CASES UP REAPPEARS MARINE The Financial Intelligence Guo Guangchang spoke at OFFICIALS Office found 910 cases of Fosun’s previously scheduled FACE GRAFT suspected money laundering annual meeting, according to ACCUSATIONS transactions Chinese newspapers P5 P6 P10 TUE.15 Dec 2015 T. 15º/ 19º C H. 65/ 85% Blackberry email service powered by CTM MOP 5.00 2459 N.º HKD 7.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho “ THE TIMES THEY ARE A-CHANGIN’ ” WORLD BRIEFS WILFRED WONG EXCLUSIVE CHINA The reprieved death sentence of former CONRAD FORBES railways minister Liu Zhijun was commuted yesterday to life in prison by the Beijing Higher ‘Competition People’s Court. The Second Intermediate People’s Court of Beijing sentenced Liu to death with a two-year reprieve is going in July 2013 for bribery and abuse of power. Liu has been incarcerated in Qincheng Prison since August 2013. The penitentiary last to be very month proposed that his sentence be commuted to life in prison for good behavior during the two- year period. keen’ CHINA-SWITZERLAND Paulo Coutinho national Film Festival of Hong The World Intellectual Kong, and Chairman of the Property Organization HE St Regis Hotel is Asian Film Awards Academy. says China cranked out opening without a casi- “So of all the components in P5 patent applications at no this week in Cotai and the industry, the gaming part a record pace last year. Sheldon Adelson will be is the only part in which I have Its total of just under Tcoming to town for the occasion. not had experience. The rest a million outstripped This will be the first major event of them, I have been doing for the U.S. and Japan over which the new President and the last 20 years as a developer, combined. WIPO Chief Operating Officer (COO) of as a construction company, as Director-General Francis Sands China, Wilfred Wong – the owner of properties,” Mr Wong Gurry marveled at explains. China’s “extraordinary” well-connected man from Hong numbers. The Geneva- Kong – will be supervising. Wilfred Wong has served in a based body stopped At first one may think Mr variety of senior business roles, short of drawing firm Wong, who has been recently including chairman and CEO of conclusions about introduced to Macau and to Hong Kong-listed Hsin Chong China’s 12.5 percent the gaming industry, is new to Construction Group Ltd. A unit increase from 2013, to both. Not quite. of that group – Hsin Chong 928,000 patents. “I think my entry into this Engineering (Macau) Ltd – is industry came as a surprise to a key contractor on Sands Chi- AUSTRALIA An many people. I don’t have a ba- na’s USD2.7-billion Parisian Australian court ckground in the gaming indus- Macao project. Wong has also yesterday ordered try, but when Mr Adelson and held top management positions Nurofen’s owner to stop the management team talked in a number of other companies selling several versions to me, they convinced me that in the property development of the popular painkiller there are so many elements and and construction business sec- that were identical to components in this industry tors, including Henderson Chi- its standard ibuprofen that I’m familiar with - the hos- na Holdings Ltd, Shui On Group pills but nearly twice as pitality, the construction, the and K. Wah International Hol- expensive. More on p12 development, the F&B, enter- dings Ltd – the latter a company tainment, MICE.” linked to competitor operator Thousands PHILIPPINES Mr Wong is also currently Galaxy Entertainment. of residents have been Chairman of the Arts Council evacuated as Typhoon Continues on page 2 Melor slammed into the (HK), Chairman of the Inter- eastern Philippines, where flood- and landslide-prone communities are bracing for destructive winds, heavy rains and waves up to 4 meters tall. Lawyer Pu Zhiqiang on trial in Beijing More on p12 P11 More on backpage as police scuffle with protesters 15.12.2015 tue th Anniversary 2 MACAU 澳聞 Continued from front page MDT INTERVIEW | WILFRED WONG PRESIDENT AND COO, SANDS CHINA “From Venetian to Cotai Cen- tral to St Regis to now the Pari- sian, everything is built by Hsin ‘I think next year the overall pie is not going to shrink’ Chong,” his own property deve- lopment company, which at the peak had 1,000 workers on Cotai. It’s a “long association” with SLC, ging over to the Venetian, but “I’d never met Adelson or Rob world class acts and celebri- Goldstein then.” ties. From the Rolling Stones For Adelson, he’s the right man to Kevin Spacey, Nick Cage; FORBES CONRAD FORBES for the job. “Wilfred has a unique from Beckham to Manny combination of private and public Pacquiao... So in a down- sector experience which we think turn, is this still your vision, will be invaluable to the company knowing non-gaming enter- at this point in our history.” tainment is not a great con- Many saw this as political play gi- tributor to the bottom-line? ving the connections Wong has in WW - No, I think as an inter- Beijing and greater China - he was national tourist attraction, we elected a member of the NPC 15 need to continue bringing world years from 1997 to 2012 and was class acts to the property. This is also a reader of HK’s Basic Law. not just for our own benefit, but Mr Wong may have those “guan- really for Macau, for our publi- gxi”, but as it happens with every city overseas, and [for] all that relationship, “it has to be cultiva- in a downturn of the economy ted, it doesn’t come naturally. I one has to be more budget cons- know people in Beijing, but they cious. So we are now examining may be doing different things, not all acts and the bottom-line more in this area. I may know [some] carefully. I’m not saying that we government officials in Macau, were not, but we would be very but I don’t know them well enou- careful. We’ll still work with big gh... Any relationship has to be have their impact on operations.” easy and also - I think so far - the are you at crisis manage- names, but maybe with more proven. You have to show your Macau Daily Times had the people I’ve met from different ment? Do you understand people who appeal to the popu- commitment. You have to work. opportunity to better learn about sectors have welcomed me war- this as a crisis in the indus- lation, who appeal to the masses. There’s a lot of interaction and Mr Wong during an exclusive in- mly and every visit to a govern- try? For example, Korean perfor- loyalty before you can have any terview last week at his Venetian ment department has been very WW - No, we live in a world of mers, Cantopop singers or Bei- relationship.” office, an austere but generous comfortable, very friendly. crisis. So when you live throu- jing, China singers. So these are Mr Wong is looking forward to space with a personal touch: his gh this, it becomes a non-issue. the people that we would be sta- meeting the new “gaming boss,” paintings, his Silver Bauhinia MDT – And how are you Every day you see all this news ging more because of the visitors. the head of the Gaming Inspec- medal and pictures of his two adapting to the gaming busi- in the world and everybody is They’re mainly from China so, tion Office, Paulo Martins Chan. “kids”. “They are always kids for ness? trying to handle crises. The best we need to adapt more to their “I just read in the news about his us, right?” comments the paternal WW - I’m lucky, I have close way to look at crises is to look at taste, but we’re also bringing in, background and his legal back- Wilfred pointing at the pictures of to 27,000 people, very solid pro- them as part of life and that has for example, next year, the Phila- ground. I think, he will probably two young adults. Center stage in fessionals in the field, particular- always been my philosophy in my delphia Philharmonic Orchestra have some strategy that will be sli- his office, he proudly exhibits a ly with the corporation based in 40 years of working life. I have ac- with Lang Lang. So those are the ghtly different from the past and porcelain bust of Christopher Co- Vegas, with a lot of experience tually worked for 40 years: 17 in world-class performers we’ll con- we’re looking forward to it, yes, lumbus. “He’s always behind me. and many of the people in charge the public sector in Hong Kong, tinue to bring in... We are going and we’re really looking forward here were from Vegas. So I have a [with the] British Hong Kong go- to open the Monkey King in one to working with him.” very good team on the ground. I vernment, and 23 in the private of our theatres on a long running Besides, Macau “is very good feel very comfortable. Every day I sector in Hong Kong and China. basis. It’s a resident show, one of because I have started visiting di- receive tonnes of reports covering So 40 years of experience taught the best original resident shows. fferent government departments Once you different segments and analysing me that whatever happens, I am and the China Liaison Office and different data, which made my the one who has to remain calm MDT – But do you agree the all that and really just to give the procrastinate, coming into this area very easy.
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