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San Miu Sold to Dairy Farm for 1.3 Billion

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San Miu Sold to Dairy Farm for 1.3 Billion MIECF 2015 DRAWS OVER SONIA CHAN PLEDGES TO CREATE XI JINPING 9,600 VISITORS ‘HEALTHY ELECTION CULTURE’ PROMOTES The three-day MIECF attracted Sonia Chan returned to the REGIONAL over 9,600 visitors, with an Legislative Assembly on Friday VISION increase in the number of trade for a second consecutive day of AT BOAO visitors compared to last year discussions with lawmakers FORUM P2 P5 P11 MON.30 Mar 2015 T. 20º/ 25º C H. 80/ 100% Blackberry email service powered by CTM MOP 5.00 2280 N.º HKD 7.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho “ THE TIMES THEY ARE A-CHANGIN’ ” WORLD BRIEFS CHINA A flood in a shale mine in central China has San Miu sold to Dairy Farm left six miners dead, China’s official Xinhua News Agency reported. Xinhua said the shale mine flooded Monday P3 night, but the weekend for 1.3 billion report didn’t indicate what caused the flooding. Rescuers found one body late Friday and five others Saturday, Xinhua said. BLOOMBERG CHINA China’s central bank chief said that the nation’s growth rate has tumbled “a bit” too much and that policy makers have scope to respond, underscoring forecasts for further monetary easing in the world’s second-largest economy. “China’s inflation is also declining, so we need to be vigilant to see if the disinflation trend will continue, and if deflation will happen or not,” People’s Bank of China Governor Zhou Xiaochuan. More on Boao Forum on p10-11 INDONESIA The number of foreign fishermen stranded on several remote eastern Indonesian islands has spiraled to 4,000, including some revealed in an Associated Press investigation to have been enslaved. More on p13 More on backpage With articles republished from China’s rise Lee Kuan Yew remembered as confounds a splintered Singapore’s ‘father’ at funeral BACKPAGE, FT west F1 30.03.2015 mon th Anniversary 2 MACAU 澳聞 GRo HARLEM BRuNdTLANd | MIECF all linked together. (…) Local is important, but we have to collaborate regionally, and globally in order to get good ‘Local, regional, national, and results,” she stressed. The expert further suggested that there are too many cases of unregulated use of energy global, it’s all linked together’ in China, but it can transform the use of coal to clean ener- gies “much more quickly” as HE 8th Macao Interna- The expert said that the wi- the technologies are “available Ttional Environmental Co despread usage of electric cars and possible.” -operation Forum and Exhi- has had a significant positive “China doesn’t need to spend bition (MIECF), focused on effect, but the improvement in 30 years to get where Norway solutions for clean air, conclu- air quality was also attributed is, because now the techno- ded last Saturday.. to a stricter regulation on ga- logies are available. (…) You The fair’s keynote speaker, soline cars. don’t need to get through all Ms Gro Harlem Brundtland, When discussing how to ta- the stages of changing tech- the “mother of sustainable de- ckle Macau’s air pollution, she nology, which we had to do. velopment” and former Prime said there has to be regional We had to regulate and force Minister of Norway, suggested cooperation. the industry to make changes. that Macau could “absolutely” “I know that there are plans Now those changes have been implement the same measures to make Macau a green city, made, so China can take up that Norway did six years ago, and generally, the Pearl River technologies and types of so- and should think and act from Delta is highly polluted, in- lutions already existing in the a regional and global perspec- cluding Macau. Local, regio- market, which China itself can tive in its solutions to curb air nal, national, and global, it’s produce and use,” she said. BY and environmental pollution. Speaking to local media last Friday, Ms Brundtland detai- MIECF 2015 DRAWS OVER 9,600 VISITORS led Norway’s successful ex- perience in the implementa- feedback indicated that “MIECF tion of electric cars and other has successfully played its role as a aggressive environmental green platform to promote region- protection measures, which al and international development help reduce emissions and air and co-operation.” A total of 296 pollution. green matching sessions were held “Norway has the highest le- at the business matching area; vel of electric car [usage] in hosted buyers recommended by the world; it has more electric the event project manager partici- THE THREE-DAY MIECF, pated in 1,149 business negotiation cars than Germany, and Ger- which concluded Saturday, at- sessions. The “Green Public Day”, many is ten times bigger than Gro Harlem Brundtland tracted over 9,600 visitors, with held on the last day of the event, us in populations,” she said an increase in the number of trade attracted over 2,400 visitors, with tter to have electric cars when “But people will still be using proudly. visitors compared to last year. over 500 teachers and students “But first of all, what is plan- every individual citizen wants cars in certain circumstances. According to the organizer, agree- from 12 schools joining in. The ned here […] public transpor- to own a car, it’s better to have Then, they should be electric ments of 28 co-operation projects next MIECF will take place from tation in trains [Light Rail public transportation as much and operate on gasoline-based were signed, and participants’ 31 March to 2 April 2016. Transit] is the best. It’s not be- as possible,” she stressed. battery.” CCAC weekend in immediate response to the released statement, claiming that the overall operation of Marine and Water Bureau MARQUES RENATO the bureau was unaffec- ted by the pair’s suspen- high-ranking officials sion, as they would ar- range personnel to fill the vacancies to minimize the involved in graft case impact of the incident. According to the online media outlet, All about HE Commission The statement was only be “a supervisor and an Macau, the Secretary for TAgainst Corruption released to the public after official from the bureau’s Transport and Public (CCAC) has initiated a local media enquired with higher management”, Works, Raimundo Ro- series of judiciary mea- the bureau. It has trigge- whose identities have sário, responded to the sures against two high- red public skepticism of yet been withheld by the media’s questions yester- ranking officials at the the watchdog’s transpa- CCAC. Both were denied day over the dilemma of Marine and Water Bu- rency when dealing with exit of the city and sus- manpower shortage for reau who were suspected cases involving top-level pended from their posts high-ranking official po- of being involved in bri- government officials. during the inquiry. sitions in the departments bery acts, according to its The two suspected offi- The Marine and Water under his control, joking statement released last cials currently under in- Bureau also issued two that it could be due to bad Saturday night. vestigation were said to statements later over the fengshui in the secretariat. DIRECTOR AND EDITOR-IN-CHIEF_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION www.macaudailytimes.com.mo MANAGING EDITOR_Paulo Barbosa [email protected] MDT’s Website has logged over CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER CHINA & FOREIGN EDITOR_Vanessa Moore [email protected] Kowie Geldenhuys [email protected] 88 million page views DESIGN EDITOR_João Jorge Magalhães [email protected] | NEWSROOM AND CONTRIBUTORS_Albano SECRETARY Juliana Cheang [email protected] Martins, António Espadinha Soares, Brook Yang, Catarina Pinto, Cyril Law, Emilie Tran, Grace Yu, Irene Sam, Jacky I.F. Cheong, ADDRESS Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, since January 1st, 2012 up to today. Jenny Philips, Joseph Cheung, Juliet Risdon, Keith Ip, Renato Marques (photographer), Richard Whitfield, Robert Carroll (Hong Kong MACAU SAR Telephones: +853 287 160 81/2 Fax: +853 287 160 84 correspondent), Rodrigo de Matos (cartoonist), Ruan Du Toit Bester, Sandra Norte (designer), Sum Choi, Viviana Seguí | ASSOCIATE Advertisement [email protected] Thank You! CONTRIBUTORS_JML Property, MacauHR, MdME Lawyers, PokerStars | NEWS AGENCIES_ Associated Press, Bloomberg, Lusa For subscription and general issues: News Agency, MacauHub, MacauNews, Xinhua | SECRETARY_Yang Dongxiao [email protected] [email protected] | Printed at Welfare Printing Ltd Like us? facebook.com/mdtimes SEND NEWSWORTHY INFORMATION AND PRESS RELEASES TO: [email protected] WEBSITE: WWW.MACAUDAILYTIMES.COM.MO mon 30.03.2015 th Anniversary 澳聞 MACAU 3 FAMILy BuSINESS billion patacas in 2014, according Gov’t predicts to the latest statistics. San Miu will operate under the Wellcome falling casino Dairy Farm buys San Miu brand, the second largest super- tax revenue market chain in Hong Kong and the leader in online grocery sho- supermarkets for MOP1.3 billion pping. “The acquisition of San Miu reinforces Dairy Farm’s retail Paulo Coutinho* presence in Macau, and com- plements its well-established HE Dairy Farm Company convenience store and health has acquired the Macau- and beauty businesses in the The amending budget T MARQUES RENATO based supermarket operator, territory,” Dairy Farm said in proposal, which will be San Miu Supermarket Ltd for the abovementioned regulatory voted upon at the Legislative MOP1.3 billion patacas, a source filing to the Singapore stock ex- Assembly on Wednesday, told the Times. change last Wednesday. includes a 30 percent cut The sale was announced last According to the 2013 annual in revenues derived from week by the parent company report, reviewed by MDT, the gambling taxes. According to Dairy Farm International Hol- pan-Asian retail giant owns in the proposal, the government dings in a disclosure to the Sin- Macau 44 7-Eleven outlets, 16 expects to cash in MOP84 gapore stock exchange, without Mannings’ stores and 8 Maxim’s billion derived from the details of the money involved in restaurants.
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