vietnam pleads release no word on shangwu Hanoi is pleading for the release of Macau immigration why n. korean Doan Thi Huong, who is still facing a authorities have not clarified prosperity possible death sentence in the Kim if they were aware of would be the assassination case, after her co- business visas being sold ruin of kim defendant was released Monday on Taobao P2 MALAYSIA P3 P12

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“ THE TIMES THEY ARE A-CHANGIN’ ”

WORLD BRIEFS THE STRANGE STORY OF THE MACAU BLACK BEARS HONG KONG’s de facto central bank intervened to defend the local currency’s peg against the dollar for the second time in days. The Hong Kong Monetary Authority bought China basketball squad HKD3.925 billion of local currency. More on p8

AP PHOTO reborn as local team P6-7 MDT REPORT

CHINA-TAIWAN Attempts to block Beijing’s goal of bringing Taiwan under its control are like “stretching out an arm to block a car,” China said in its latest rhetorical broadside against the self-governing island republic’s independence- minded president. More on p11 AP PHOTO CULTURAL HERITAGE CONSULTATION OPENED

AUSTRALIA The new U.S. ambassador What makes Macau to Australia, Arthur P4-5 Culvahouse Jr., said yesterday that he’s concerned about the way China lends money to developing Pacific nations in what he describes as “payday loan diplomacy.” More on p11 BLOOMBERG

INDONESIA Chinese and Russian hackers are attacking Indonesia’s voter data base in a bid to disrupt the country’s upcoming presidential election, according to a senior election commission official. As Indonesia prepares for simultaneous presidential and legislative polls on April 17, authorities are facing a wave of cyber incursions. More on p13

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Two in five pass civil Vietnamese suspect in Kim servants’ assessment killing looking for release Approximately 40 percent of this year’s civil servants’ UST four days ago, the bachelor-level examination future for Indonesia’s Siti

attendees passed the exams. J AP PHOTO Aisyah looked bleak — she The government announced the assessment results yesterday. was two years into her deten- This is the first bachelor’s level tion in Malaysia and faced a capacity assessment after the possible death sentence if government launched the exams. convicted of killing the half In total, 9,225 people attended brother of North Korea’s lea- the assessment, corresponding der. Then the charges were to an attendance rate of over unexpectedly dropped. 70 percent. The test scores are With Aisyah safely back either qualified or disqualified home in Indonesia after and the results are valid for Monday’s surprise, the only three years. Qualified candidates remaining suspect facing jus- can apply for roles as senior tice in the case is Vietnam’s technicians, veterinarians, Doan Thi Huong. The Asso- meteorological senior ciated Press reports that of- technicians, translators and ficials in Hanoi are now re- copywriting professionals. freshing calls for her freedom as well. Vietnamese Foreign Minis- Illegal racing ter Pham Binh Minh made suspected the plea in a phone call Tues- day with his counterpart, Ma- in Hac Sa laysia’s Saifuddin Abdullah, according to a statement on Doan Thi Huong (center) is escorted by police as she leaves after a court hearing accident the ministry website. It said The Public Security Police Force Minh requested the Malay- Aisyah, 26, and Huong, 29, laysian corruption scandal under Malaysian law. (PSP) suspects that the victim of sian court conduct a fair trial had engaged in a “well-plan- off Bali island in cooperation Malaysian officials have ne- a motorbike and car accident that and free Doan Thi Huong. ned conspiracy” to kill Kim. with U.S. FBI and returned it ver officially accused North took place at Estrada de Hac Sa Huong’s trial is to resume Analysts said Aisyah’s relea- to Malaysia last year. Korea in the case and have could have been illegally racing today, and prosecutors are se was in part due to politics Mahathir has said that made it clear they don’t want with two other motorbikes. A expected to reply to a request and the improved relations Aisyah’s release was based on the trial politicized. PSP-led investigation found by Huong’s lawyers for the between Indonesia and Ma- the “rule of law” amid alle- Indonesia’s government has that the car failed to let the government to withdraw the laysia that have come since gations the government had said its continual high-level motorbike pass first and that the murder charge against her as Mahathir Mohamad returned interfered in the trial. Law lobbying resulted in Aisyah’s motorbike was speeding at 150 well. Analysts say Malaysia to the Malaysian premiership Minister Liew Vui Keong said release. The foreign minis- kilometers per hour when the risks creating a rift with Viet- last year after the stunning yesterday that the attorney- try said in a statement that accident occurred. At the same nam if it doesn’t do the same election defeat of Najib Razak. general has sole discretion she was “deceived and did time, another two motorbikes for Huong. in withdrawing the charge not realize at all that she was were also speeding on the same “Malaysia will create a thor- against Aisyah. being manipulated by North section of road. ny bilateral problem with Lawyers for “The AG can exercise this Korean intelligence.” Vietnam if there is no similar power even during trial. The It said that over the past DSSOPT treatment,” said Bridget Wel- the women government cannot interfere two years, Aisyah’s plight was sh, a Southeast Asia expert have argued all with the AG’s power,” Liew raised in “every bilateral In- recovers with John Cabot University was quoted as saying by En- donesia-Malaysia meeting,” in Rome. along that they glish-daily The Star online. including at the president’s Pearl Horizon The two women were accu- While Aisyah’s release was level, the vice president’s le- land plot sed of smearing the toxic VX were pawns partly political, the case vel and in regular meetings nerve agent on Kim’s face in against her was also seen as of the foreign minister and The Land, Public Works and an airport terminal in Kua- in the political weaker as her lawyers have other ministers with their Transport Bureau (DSSOPT) la Lumpur on Feb. 13, 2017. assassination told the court there was no Malaysian counterparts. has recovered a piece of land They have said they thought video evidence showing her Oh said Vietnam, which located at a landfill area in Areia they were taking part in a “One relationship that suffe- accosting Kim at the airport, hosted North Korean leader Preta, according to a statement prank for a TV show. They red under Najib was the Ma- said Oh Ei Sun, senior fellow Kim Jong Un for an official issued by DSSOPT. The land were the only people in cus- laysia-Indonesia one. Maha- with Singapore’s Institute of visit and a summit with Pre- plot, home to the Pearl Horizon tody after four North Korean thir knows how important International Affairs. sident Donald Trump last project, occupies an area of suspects fled the country the good ties are and in this more There was of Huong. month, had pushed less hard 68,000 square meters. The land same morning Kim was kil- open era, supporting democra- Lawyers for the women have for Huong. concession expired in January led. 2016 and a few months later tic allies is essential,” Welsh argued all along that they Huong’s lawyer, Hisyam Teh Prosecutors did not give any the DSSOPT requested that the said. were pawns in a political as- Poh Teik, said after Monday’s relevant party move out from reason for the remarkable Indonesia assisted Malay- sassination with clear links court session that Huong felt the site. However, the previous retreat in their case against sia last year when some of to the North Korean Embassy Aisyah’s discharge was unfair concessioner did not leave Aisyah, but the timing rai- its former government offi- in Kuala Lumpur. They say if she was still going to be the premises by the deadline. sed eyebrows in Malaysia as cials, wanted on corruption the prosecution has failed to held. As such, the Macau SAR a High Court judge had just charges, tried to seek refuge show the women had any in- “She is entitled to the same government is in the process of last August found there was there. It also seized a luxury tention to kill. Intent to kill kind of consideration as conducting a recovery procedure. enough evidence to infer that yacht at the center of a Ma- is crucial to a murder charge Aisyah,” he said.

www.macaudailytimes.com.mo EDITOR-IN-CHIEF (DIRECTOR)_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION ACTING MANAGING EDITOR_Daniel Beitler [email protected] CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER + 4 Million page views Kowie Geldenhuys [email protected] NEWSROOM AND CONTRIBUTORS_Albano Martins, Annabel Jackson, Emilie Tran, Irene Sam, Ivo Carneiro de SECRETARY Juliana Cheang [email protected] PER MONTH Sousa, Jacky I.F. Cheong, Jenny Lao-Phillips, João Palla Martins, Joseph Cheung, Julie Zhu, Juliet Risdon, Linda ADDRESS Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, Kennedy, Lynzy Valles, Paulo Barbosa, Paulo Cordeiro de Sousa, Renato Marques, Richard Whitfield, Viviana Seguí MACAU SAR Telephones: +853 287 160 81/2 Fax: +853 287 160 84 DESIGNERS_Eva Bucho, Miguel Bandeira | ASSOCIATE CONTRIBUTORS_JML Property, MdME Lawyers, Advertisement [email protected] Thank You! PokerStars, Ruan Du Toit Bester | NEWS AGENCIES_ Associated Press, Bloomberg, MacauHub, MacauNews, Xinhua For subscription and general issues: [email protected] | Printed at Welfare Printing Ltd +13,000 like us on facebook.com/mdtimes SECRETARY_Yang Dongxiao [email protected] send newsworthy information and press releases to: [email protected] website: www.macaudailytimes.com.mo thu 14.03.2019

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As of press time, receipt of the enquiries had been confirmed, TAOBAO BUSINESS VISAS but no answers were provided. Yesterday, the Times repor- ted that mainland visitors are acquiring business visas from Shangwu endorsements Taobao shops that grant them frequent access to Macau and Hong Kong. Visitors can be lis- ted as owners of ready-made extended to three years companies and obtain these travel permits for tens of thou- sands of patacas. Despite the mainland gover- nment having outlined a list of criteria for mainland residents to apply for the Shangwu en- dorsement, ‘travel agencies’ have discovered a back door for those who wish to visit Macau and Hong Kong repeatedly and without the need for multiple tourist visas, for a period of one year. Searching “Hong Kong and Macau Shangwu Endorsement” on Taobao, the Times found Staff reporter versities, scientific and resear- ment arrangements to residents Earlier this week, the Times at least five stores selling the ch institutions and enterprises in the cities of the Pearl River requested information from the business visa service. On ave- N January this year, the applying for this visa. The mea- Delta who carry out business or immigration authority of the rage, these Taobao shops char- Guangdong government sure is aimed at encouraging scientific research. PSP on the number of mainland ge RMB15,000 (MOP18,000) announced the extension of Hong Kong and Macau univer- Meanwhile, the Public Securi- residents who entered Macau for one Shangwu endorse- the Shangwu endorsement sities and scientific research ins- ty Police Force (PSP) and the with a Shangwu endorsement, ment to either Macau or Hong Iterms from one-year multiple titutions to undertake provincial Macao Trade and Investment and whether the police authority Kong. A joint package for both entry to three-years multiple-en- science and technology projects. Promotion Institute have not had ever discovered cases where SARs is priced at RMB27,000 try. The news comes as Macau Regarding the current Shan- yet issued their official replies to these visitors were not carrying (MOP32,500). Daily Times uncovered this week gwu endorsement, which is the Times’ questions regarding out business activities in Macau. However, a mainland resident multiple online vendors selling issued to business operators, mainland residents who have Yesterday, the Times also con- applying legally for a Shangwu business visas on Taobao that Guangdong will also reduce the reportedly entered Macau with tacted the Macao Trade and In- endorsement would pay as little would grant frequent access to minimum tax limit requirement a Shangwu endorsement bought vestment Promotion Institute as RMB15 (MOP18) and RMB80 the SARs for mainland visitors. for operators who intend to from Taobao. (IPIM) to ask whether the bu- (MOP96) for a single-entry It has been proposed that the apply for the permit. It remains not known whether reau carries out any inspection and a multiple-entry endorse- three-year Shangwu endorse- The Outline Development Plan the authorities are aware that over self-declared mainland bu- ment respectively, if the person ment be issued to science and of the Greater Bay Area also pro- such business visas are being sold sinessmen, and if the relevant applied as an individual at the technology personnel from uni- poses other convenient endorse- on the online shopping platform. statistics could be provided. Guangdong police authority.

HE Macau University of EDUCATION The course will start small, TScience and Technology ki- recruiting between 35 and 50 cked off its annual career day students at its inception, most yesterday, inviting some 220 MUST invites over 200 of them coming from local companies and institutions, 62 high schools. It will not ini- of which are from Greater Bay tially focus on the recruitment Area cities. companies for career day of overseas students. To be held until today, the With subsidies applied, the Campus Recruitment 2019 estimated cost of the bache- event has 160 recruitment lor’s degree is MOP55,000 per booths. The participating com- year for local residents, while panies are mainly in the hotel, VALLES LYNZY the estimated cost for overseas tourism and leisure, informa- students is MOP160,000. tion technology, telecommuni- The academy will replace the cations, and retail industries. SAR’s medical internship sys- Slightly over 10 percent of the tem and will require medical participating companies are specialists to undergo an in- from the medical and pharma- ternship of one year, instead ceutical industries. of the former six months. The university is also holding As announced earlier, the 30 ‘recruitment needs’ sessions academy will offer specialties, from yesterday to Friday. The including internal medici- session topics include corpora- ne, surgery, family medicine te culture, recruitment needs, and mental health, amongst industry development, inter- others. nship arrangements and job A committee will be formed research skills. to oversee the institution and MUST president Liang Liu will be composed of 16 pro- said that the university will fessionals in the medical field, have nearly 2,000 undergra- and officials from the city’s duate students and 1,300 gra- hospitals. duate students who will gra- ducted a follow-up survey of interviewed 494 of them. have chosen to continue their Meanwhile, the president duate this academic year from undergraduates who graduated Liu said that nearly all of its studies after graduation. also announced that it has un- 11 colleges and research insti- in the 2016/2017 school year. local graduates are employed Liu also announced that ear- veiled key research themes in tutes. The center surveyed 1,945 un- in the region and most of them lier this month, the university the four fields - law, marine, He said that the university’s dergraduate students through are employed in the tourism officially established its medical communications and Chinese Entrepreneurship and Employ- the online questionnaire and and leisure industry. About 25 academy, which was formally medicine - with four universi- ment Development Center con- telephone questionnaire, and percent of its undergraduates announced in September. ties on the mainland. LV 14.03.2019 thu

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WHAT MAKES MACAU Public consultation on intangible cultural heritage opens HE public consulta- tion for the recom- mended items to be included in the List of TIntangible Cultural Heritage opened yesterday and will last for 30 days until April 11. The public are invited to submit their opinions on the sugges- ted list. In accordance with Article 79 of the Cultural Heritage Protection Law, the Cultural Affairs Bureau (IC) created a list of 12 items that it recom- mends be included as intan- gible cultural heritage. They are Yueju Opera (Cantonese Opera), herbal tea brewing, religious figure woodwork carving, Cantonese Naamyam (narrative songs), Taoist ri- tual music, the Festival of the Drunken Dragon, the belief and customs of A-Ma, the be- lief and customs of Na Tcha, Macanese gastronomy, Patuá Theatre, the Procession of the Passion of Our Lord Jesus and the Procession of Our Lady of Fatima. land’s equivalent. For exam- the Festival of the Drunken at the time. The earlier list had items had been proposed by All 12 items were inscribed ple, Cantonese Opera and the Dragon joined the list in 2011. also included the beliefs and local communities in Macau. in Macau’s Intangible Cultural brewing of herbal tea were re- An earlier list of Macau’s in- customs of Tou Tei, beliefs and At the time the IC said it as- Heritage Inventory in 2017, cognized by China as intangi- tangible cultural heritage in customs of Chu Tai Sin as well sessed the new submissions but several of them had been ble cultural heritage in 2006, 2017 comprised 15 distinct as the craft of bamboo scaf- and determined that their ex- registered earlier on the main- while Taoist ritual music and items, as announced by the IC folding. All three eliminated pressions, conservation status ad thu 14.03.2019

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WHAT MAKES MACAU Public consultation on intangible cultural heritage opens

and cultural value met the re- ultimately dropped from the with simultaneous translation period, in person, by post, ral Institute Building, located quirements for the inventory, list. available in Portuguese and in by email, fax or through the in Tap Seac Square, or in the as per Article 74 of the Cultu- A public consultation session sign language. IC website. The text and the libraries managed by the Bu- ral Heritage Protection Law. will be held on March 23 at 3 Residents of the Macau form for collecting opinions reau. It may also be accessed However, the three items pro- p.m. in the conference room SAR may present their views from the public consultation and downloaded from the IC’s posed by the community were of the Macau Cultural Center, during the public consultation can be obtained at the Cultu- website. DB

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BASKETBALL | BLACK BEARS Guangdong squad relocates to Macau, shows what it means to be a local team Renato Marques

ORMERLY known as Chong Son Kung Fu

and based out of Guang- MARQUES RENATO dong’s Foshan city, Na- Fnhai District until 2018, a Chi- nese basketball team playing in the ASEAN Basketball League (ABL) has relocated to Macau after the 2018 season, beco- ming the region’s first pro- fessional basketball team in a bid to promote the local sport. The team was renamed the Ma- cau Black Bears - prior to the Asian black bear Bobo’s death last year, but as a homage to the long-time Flora Garden resi- dent, who was rescued as a cub from being cooked in a restau- rant in the 1980s. In their inaugural season, general manager Lukas Peng leads the team, which currently occupies the fifth spot out of 10 in the league standings with, as of last night, 12 victories and 11 losses. On the sidelines of their most recent match at the University of Macau, Peng told the Times that the team, even under its previous iteration as Chong Son Kung Fu, was already a partner of Macau sports club, the Gru- po Desportivo Chong Son. As a consequence, “we were already registered as a Macau team and playing under Macau federation [basketball association] but we had our home court in Foshan,” he said. “This year our team owner wanted to try to play in Macau and then we started to contact everyone is aware of the level of he is really old and living in some had any luck with government “The level is really high,” said everyone we knew looking for local players in the sport, “which park.’ So we decided that was a supporting us to play there,” Peng, “maybe people don’t yet [a space] where we could have is far behind that of other coun- good idea, representing an ani- he said, noting “the Sports Bu- realize how high the level is. I training time, and a court [to tries [and regions] including mal is good and if it was going to reau has allowed us to play [on would risk to say that some of play on],” said Peng. “As things China, Taiwan or the Philippi- be a animal, I guess a Black Bear occasion] at Tap Seac [Multi- these teams [that compose the went pretty well we decided to nes” to name a few. would be a pretty good choice.” sports Pavilion] and other go- ASEAN League] are better than move the team to Macau.” Moreover, he said, the inclu- “We [were] actually thinking of vernment-owned arenas and I Chinese Basketball Association “[Our owner] knew that he sion of non-local players in the doing more things with ‘Bobo’ do feel that if we had the chan- teams.” would have to invest a lot more team would help the Macau- – we even had a video prepared ce to play there we would have a “Basketball is really about money but he wanted to try it as born athletes to become better. – but unfortunately he passed great crowd.” competition. You can have the Macau was a new market,” the Put together, these facts eleva- away before our first game and “The Filipino fans [for instan- best coaches and training but general manager explained, ad- te the team to an international then we decided that it was not ce], they love basketball and if you never play games against ding that the owner also posses- level where players are treated a good idea to show it,” recal- they like to see us play but then anyone you get nowhere,” he ses several other teams on the as professional athletes, rather led Peng. “But [the Mascot] did again is not easy for them to said. “In that sense this team at mainland. than part-time semi-professio- come from Bobo.” come all the way here [to UM] least has good competition. Ins- But another reason was the fle- nals. “The players are all full- to watch us play as a lot of them tead of playing only against Ma- xibility afforded by participation time and the owner funds the UM AS HOME COURT work in the hotels and casinos cau clubs, you have to play with in the ASEAN Basketball Lea- team one hundred percent,” The University of Macau has all over the city.” different teams.” gue. Peng said that the rules of said Peng, even as the Macau served as home court for the the ABL are not too restrictive Black Bears finds sponsorship Macau Black Bears for both HIGH-LEVEL A SINGLE PROJECT and allow teams to “still be com- support from other entities. training sessions and matches COMPETITION UNDER MANY NAMES petitive even if local players are since the start of the basketball According to Peng, the ASEAN The Macau Black Bears is only not that good.” BOBO THE MASCOT league season. Basketball League offers a high- the latest identity iteration of a As an example of the flexibili- After the Macau relocation, Peng told the Times that the- caliber training experience for team that was once known as ty, the team’s general manager the team needed to find a new re is a partnership between the the team. It’s a growing league, the Nanhai Long Lions, before highlighted a rule that allows mascot and by chance they team and the institution, noting, he said, where the rules allow being renamed to Nanhai Kung three “imported” (foreign-born) stumbled across the big black “we did some training exchan- the presence of a lot of capable Fu to differentiate themselves players and one “heritage” bear that made headlines late ges and other projects that also foreign players that up the ag- from their mother team, the player (those with either parent last year. involved the university team, gregate ability of the squad. Guangzhou Long Lions. born in Macau, Hong Kong or “We never really had big and actually two of our players He gave the example of the Later, the team partnered mainland China) to be included marketing meetings about this,” used to study here.” team that Macau Black Bear with Macau’s Grupo Desportivo in the team roster. admitted Peng, “it was more like But it is also due to a general was about to face, Mono Vam- Chong Son, leading to another “Knowing this we knew that we just finding a way to relate to lack of options in Macau. pire Basketball from Thailand, name change to “Chong Son could still be competitive even Macau somehow.” “We had considered different which counted six U.S. players Kung Fu,” which they used from with Macau players.” Without “Then one of our staff said, options to play closer to the city out of the 12 that composed the November 2017 until the end of any prejudice, he explained that ‘hey, we have this bear ‘Bobo’ - [center] but so far we haven’t team. the 2017-2018 season. thu 14.03.2019

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BASKETBALL | BLACK BEARS Guangdong squad relocates to Macau, shows what it means to be a local team

Last season and still under sional sports team in Macau, the name of Chong Son Kung so the dream of becoming a Fu, the team finished with its professional basketball player best record in the ABL (15 vic- has never been possible for the tories and 5 losses) and a per- kids of this city.” fect home record, losing only “The Macau Black Bears pro- in the semifinals against Thai- vide an opportunity [to achie- land’s Mono Vampire Baske- ve] that dream and instantly MARQUES RENATO BY PHOTOS tball. make it a reality for some of The team that year boasted the nation’s top players. They the league’s Coach of the Year, never had the opportunity to Charles Dube-Brais, Most be part of a professional team Valuable Player (MVP) - Wor- in a professional league, and ld Import, Anthony Tucker the Macau Black Bears playing and MVP-Heritage Import, in the ABL makes that possi- Mikh McKinney. ble.” At the time of the Macau The strengthening of the relocation, general manager team’s local component is Lukas Peng told ABL that he a priority for Peng, who re- hoped the move would “crea- marked that as they work te opportunities for Macau towards “building a successful Basketball and inspire the franchise” in Macau, one of youth. […] As Macau’s first their goals is to have a Macau- professional sports team, the born head coach to lead the Black Bears will fight for the team. respect and admiration of For the time being, the team Macau people in its inaugural is coached by China’s Mu Jian- season.” xin, who has a long history of Building on that earlier sta- heading Macau’s youth teams tement, Peng yesterday said and who most recently coa- they moved to Macau “becau- ched Macau’s Under-16 Team, se it’s a city that really needs a which competed for the first professional basketball team.” time in the 2018 FIBA U16 Lukas Peng “There hasn’t been a profes- Asian Championships.

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FORUM MDT/Macauhub HONG KONG Macau youth HKD5.3m in annual wages visit Brazil to promote for two GBA commissioners entrepreneurship

OLLOWING the pro- delegation of representatives Fmulgation of the Outline A of youth associations, five hi- Development Plan for the gher education institutions and BLOOMBERG Guangdong-Hong Kong-Ma- various youth entrepreneurs from cau Greater Bay Area (GBA), Macau visited two cities in Bra- the Constitutional and Main- zil, according to the government’s land Affairs Bureau of Hong Economic Bureau. Kong has proposed the estab- The visit, which took the 30 or so lishment of a Greater Bay Area representatives to Rio de Janeiro Development Office and the and São Paulo, was focused on ex- appointment of two Commis- change with public services, youth sioners for the Development entrepreneurship incubators and of the GBA to implement rele- local industrial and commercial vant works. associations, as well as discus- It is hoped that these two sions on the direction of future commissioners will enhance cooperation. liaisons with and coordina- The statement from the Econo- tion between the Hong Kong HKD260,600. In addition, it tted to Hong Kong’s Panel on an annual total of HKD12.4 mic Bureau also said the visit was and mainland municipalities, has also been proposed that an Commerce and Industry, the million. part of the construction of the and formulate and coordinate assistant commissioner posi- two posts are effective for a pe- Overall, the Hong Kong GBA Centre for Exchange of Innovation the Hong Kong government’s tion be established with a mon- riod of four years. office will have an annual and Entrepreneurship for Young participation in drafting stra- thly salary of HKD187,150. Moreover, in 2019 and 2020, salary expense of HKD17.7 People in China and Portuguese- tegies for the development of The Hong Kong authority the office will also set up 17 million a year. Speaking Countries. the GBA. estimates that the two com- posts, all effective for four Previously, the Financial Se- In addition to visits to the con- The Hong Kong office pro- missioners will have a combi- years, to support the work of cretary of Hong Kong, Chan sulates-general of the People’s Re- poses to establish a directo- ned annual salary of HKD5.3 the two commissioners. Mo-po, announced that Hong public of China in Rio de Janeiro rate post in the office, with million. The combined proposed Kong would set aside HKD111 and São Paulo, members of the de- this commissioner receiving According to the office’s do- salary for the remaining 17 million for the establishment legation visited the governments a projected monthly salary of cuments, which were submi- appointments has been set at of the GBA office.JZ of the states of Rio de Janeiro and São Paulo, the Centre for Science, Technology and Innovation of the University of São Paulo and several ONG Kong’s institutions accelerating entrepre- Hde facto central neurship and incubation centers. bank intervened to HK peg defense activated The Director of Economic Bu- defend the local cur- reau, Tai Kin Ip, took advantage rency’s peg against of these meetings to present the the dollar for the se- as weakness persists economic development of Ma- cond time in days. cau, especially the content of the The Hong Kong Mo- move will reduce the rates will remain low weigh on the city’s Ltd. The currency has “Planning Guidelines for the De- netary Authority bou- aggregate balance, a in the near term due economy. The aggre- traded near the weak velopment of the Guangdong- ght HKD3.925 billion measure of interbank to an increase in fo- gate balance stood at end of its band for -Hong Kong-Macau Greater Bay,” (USD500 million) of liquidity, to HKD70.9 reign capital flows about HKD180 billion weeks. providing more information about local currency, accor- billion on March 14. and the city’s large just 11 months ago. HKMA Deputy Chief the role and position of Macau as ding to its page on Continued interven- money base. Traders will conti- Executive Howard a Service Platform for Trade Coo- Bloomberg, after the tion could see local Rising local bor- nue to sell the Hong Lee on Saturday at- peration between China and Por- Hong Kong dollar fell borrowing costs rise rowing costs, which Kong dollar against tributed the gap to tuguese-Speaking Countries. to the weak end of its at a faster pace if the have lagged U.S. rates the greenback, as the abundant liquidity in Tai Kin Ip also referred to the HKD7.75-HKD7.85 aggregate balance despite the currency additional yield to be the currency market, support that has been provided by trading band. It also falls below HKD20 peg, would intensi- gained is attractive, weak demand for Macau in the construction of the purchased $192 billion, said Carie fy pressure on home said Binay Chandgo- loans and a lack of Centre for Exchange of Innovation million worth at the Li, an economist at values in the world’s thia, portfolio mana- large-scale initial pu- and Entrepreneurship for Young end of last week, it OCBC Wing Hang most expensive pro- ger at Principal Glo- blic offerings in Hong People in China and Portuguese- said Saturday. The Bank Ltd, noting that perty market, and bal Investors (HK) Kong. MDT/Bloomberg Speaking Countries. ad thu 14.03.2019

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macau’s leading newspaper 分析 BUSINESS 9

Scott Deveau & Christopher Palmeri GAMING AESARS Entertain- ment Corp. gave Carl Icahn three seats on its board, putting the Caesars gives Carl Icahn three Cbillionaire in position to in- fluence the choice of a new chief executive officer and push har- der for a sale of the gambling seats on company board giant. The Icahn-backed candidates, Golden Nugget owner Tilman Keith Cozza, Courtney Mather Fertitta proposed merging his and James Nelson, will replace restaurant and casino empire BLOOMBERG three existing board members with the company last year, an effective immediately, Caesars offer that was rejected by Cae- said in a statement Friday. sars. He is said to be still inte- Icahn has the right to appoint rested in a deal. a fourth member if a CEO ame- Eldorado Resorts Inc., a much nable to the new directors isn’t smaller casino operator, consi- chosen within 45 days. dered making a bid for Caesars “The best path forward for last year, according to a people Caesars requires a thorough familiar with the company’s strategic process to sell or mer- thinking. ge the company to further deve- On a conference call with in- lop its already strong regional vestors yesterday, Eldorado presence,” Icahn, whose group CEO Tom Reeg said his com- holds a 9.8 percent stake in the pany continues to look at deals casino company, said in the sta- in the industry, without com- tement. menting on Caesars specifically. Caesars, the largest owner of The Icahn appointment move casinos in the U.S., is under is similar to one that MGM Re- pressure from shareholders to sorts International, another ca- boost returns or find a buyer. sino operator, made in January, In recent weeks, investors in- giving a board seat to Corvex cluding Icahn, Canyon Partners Management’s Keith Meister. and Oppenheimer Funds have He is also participating in a all urged the company to consi- strategic review at the board der a sale. CEO Mark Frissora the Harrah’s chain, is still co- new board members and sha- and Williams Capital Group’s level. Meister used to work for is slated to step down at the end ping with the fallout of a 2008 reholders, including distressed- Christopher Williams. Icahn. of April and the company has leveraged buyout led by Apollo debt investors. The shares rose 4.1 percent to Icahn sold a casino business, been searching for his replace- Global Management and TPG The three members leaving USD8.97 in New York trading Tropicana Entertainment Inc., ment. that left it with a mountain of the board are former Ameristar Friday. They have climbed 32 to Eldorado last year. He began The Las Vegas-based com- debt. The company engineered Casinos Inc. CEO John Boushy, percent this year, more than building his stake in Caesars pany, whose properties include a bankruptcy of its largest unit former Franklin Mutual Ad- twice the gain in the S&P 500 this year, according to a public the flagship Caesars Palace and two years ago that brought in visers’ analyst Matthew Ferko Index. filing.Bloomberg

sent themselves.” While he did note that Less than two years ago, Cathay competes with low- Cathay does a U-Turn on budget shortly after Asia’s big- cost carriers on different gest international carrier routes and needed to have a embarked on a three-year proposition that price-sen- carrier with HK Express talks transformation program sitive travelers would find to stem losses, Chief Exe- attractive, the executive ATHAY Pacific reporter asked Chairman said last week that it was in “We never said never on cutive Officer Rupert Hogg said Cathay planned to fo- CAirways Ltd. is having John Slosar why the pre- “active discussions” on an that. In aviation you can ne- had ruled out starting a cus on better services such a change of heart about the mium airline was looking acquisition involving Hong ver say never,” Slosar said. budget business. “Broadly as wi-fi on board planes budget-airline business. to the low-cost carrier bu- Kong Express Airways Ltd., “You have to be willing to speaking, we have no plans and more dining options At an earnings briefing siness now after spurning the city’s only budget airli- change when events chan- to start a low-cost airline,” to nurse the carrier back to in Hong Kong yesterday, a that model earlier. Cathay ne. ge, when opportunities pre- Hogg said in August 2017. financial health.Bloomberg corporate bits privé launches good france menu In celebration of the global conrad announces festive offerings Conrad Macao, Cotai Central ‘ ’ “Good France” event, Privé at So- has announced its festive offe- fitel Macau at Ponte 16 is introdu- rings for this spring, featuring an cing the “Good France” set menu Easter-themed afternoon tea, a from March 19 to 23. buffet with festive activities and With “socially responsible cui- a spring spa treatment offer. sine focusing on environmental Guests who stay at Conrad protection” as the main theme, Macao from April 19 will recei- Chef Bob of Privé has designed ve a collectable limited-edition a five-course menu that serves bear and duck as a complimen- organic vegetables from local tary gift on their day of arrival, suppliers and hormone-free sea- the hotel announced in a state- food from sustainable fisheries, ment. the hotel announced in a state- Those looking for an exclu- ment. sive gift can also purchase a “Good France” is held worldwide 30cm Easter Bear presented every March to celebrate French in a gift box from the hotel Gift gastronomy and last year attrac- Shop. ted participation from over 2,000 Between April 19 to 22, restaurants in 150 countries. the hotel’s lobby lounge is The main course of “Good Fran- offering a classic Easter af- ce” is salmon fillet, complemen- ternoon tea set featuring a ted by truffle mashed potatoes. variety of sweet and savoury To finish off the meal, guests are treats, along with a choice of treated to a gluten-free “The Pave tea or coffee or two special Chocolate Cake.” Easter cocktails or mocktails. 14.03.2019 thu

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10 CHINA 中國 www.macaudailytimes.com.mo

WH official: BLOOMBERG US, China in ‘final weeks’ of trade talks

Christopher Rugaber, Washington

HE top U.S. trade nego- Ttiator suggests that the U.S. and China are nearing an agreement that would end their trade conflict, but woul- dn’t commit to a specific time frame. “Our hope is that we are in the final weeks of having an agreement,” U.S. Trade Re- presentative Robert Lighthi- zer told the Senate Finance Committee yesterday (Macau time). ECONOMY But there are still major is- sues that need to be resolved, he said. “I can’t predict suc- cess at this point.” Data dump to show investment Lighthizer also said the agreement would have to in- clude an enforcement pro- recovery continuing in 2019 vision that would enable the U.S. to restore tariffs on HINA’S first batch of major led a record amount of tax cuts, cent in December. Retail sales a deal but still no certainty for Chinese imports if it violated Cofficial indicators this year increased support for smaller expanded 8.2 percent, unchan- companies about if or when ta- provisions of the pact. That is are forecast to show that an in- firms and also reiterated that a ged from December’s growth. riffs might be lifted. While top seen as a major sticking point vestment recovery that began debt-fueled investment boom is Fixed-asset investment in ur- negotiators discussed key ques- for Chinese officials. in mid-2018 is set to continue, not on agenda. ban areas rose 6.1 percent from tions over wording of trade do- “We are going to have an en- but the economic slowdown and There was no January data as a year earlier, higher than the cuments and arranged for the forceable agreement, or the trade war are still undermining the National Bureau of Statis- 5.9 percent pace in the whole of next stage of talks in a Tuesday president won’t agree to the factory output and consumption. tics combines readings for the 2018. The jobless rate, which ho- call, later in the day U.S. Trade agreement,” Lighthizer said. Official releases due today first two months of each year to vered around 5 percent in 2018, Representative Robert Lighthi- There have been conflicting will show that measures since smooth out volatility from the will also be released. zer declined to say whether the signals from the administra- last year to boost infrastructu- Lunar New Year holiday, when The nation’s economic grow- administration would roll back tion about progress in the ne- re constructions have probably factories and businesses across th is in a long-term slowdown U.S. tariffs if a deal was reached. gotiations. President Trump started having an effect, with a the country shut down. and is forecast to expand 6.2 Even so, bets on a positive out- said Friday he was confident slight strengthening seen in in- “Investors will have a better percent this year, after 6.6 per- come have fueled investor senti- that U.S. could reach a deal vestment. idea on the economy in 2019” cent growth the previous year. ment, with the yuan now Asia’s with China, which would pre- However industrial output after the release, Larry Hu, head That’s within the government’s second best-performing curren- sumably remove all or most of growth is forecast to have slowed of China economics at Macqua- target range of 6 to 6.5 percent. cy this year and the benchmark the tariffs on USD250 billion in the first two months of this rie Securities Ltd. in Hong Kong, The trade war and a global slow- Shanghai Composite Index up of Chinese imports that the year versus the December pace, wrote in a note. “It’s too early for down have hit trade performan- more than 20 percent this year. Trump administration impo- while retail sales remained stab- policy makers to escalate stimu- ce, with exports dropping almost That market confidence was sed last year. China retaliated le, according to economists sur- lus at this stage.” 5 percent in the first two months the main factor in the pickup by slapping duties on about veyed by Bloomberg. Here’s what today’s data will from the same period last year, seen in Bloomberg Economi- $110 billion of U.S. goods. The data will be released show, according to those sur- and shipments to the U.S. down cs’ aggregated reading of early But Trump also said Friday, during the final days of the an- veyed: almost 15 percent over the same indicators, although the official “If this isn’t a great deal, I nual national legislature mee- Industrial output rose 5.6 per- period. purchasing manager gauge of won’t make a deal.” ting, at which the government cent from a year earlier in the There’s signs that the two na- factories contracted further in Sen. Robert Portman, Re- lowered its growth target, unvei- first two months, versus 5.7 per- tions are making progress on February. Bloomberg publican from Ohio, asked Lighthizer if a deal would be reached by the end of this month. Chinese president Xi Jingping is scheduled to travel to Europe at that time Dongzheng Automotive Finance and officials have hinted that he could tack on a trip to Trump’s Florida resort, Mar- seeks USD428m in Hong Kong IPO a-Lago, to sign a pact by the end of March. Crystal Tse tong Auto Services Hol- tive is entering a rela- million, the data show. tory filing. Lighthizer said, “I don’t dings Ltd. is offering tively quiet Hong Kong Most of the proceeds Dongzheng Automo- know when it is going to ha- HANGHAI Don- 533.3 million shares at market for first-time will be used to fund tive, founded in 2015, ppen.” The timetable is up to Sgzheng Automoti- HKD4.20 to HKD6.30 share sales. Deals in retail loans to custo- provides financing for President Trump, he added, ve Finance Co., which apiece, according to the city have raised $1.4 mers, including tho- brands including Pors- and China. specializes in loans for terms for the deal obtai- billion this year, about se who buy cars from che, BMW, Mercedes- Lighthizer also told the se- luxury cars, is seeking ned by Bloomberg. The half of the total volume Zhengtong Auto Ser- Benz and Jaguar, the nators that he and Treasury to raise as much as Chinese firm expects to during the same period vices, the terms show. filing shows. China Secretary Steven Mnuchin USD428 million in a price the offering Mar- in 2018, data compiled The company distribu- International Capital spoke with Chinese officials Hong Kong initial pu- ch 19 and begin trading by Bloomberg show. ted 6.1 billion yuan of Corp. and Credit Suis- Monday night on the pho- blic offering. March 26, the terms The biggest share sale, retail loans for luxury se Group AG are joint ne. The two sides regularly The financing unit of show. from CStone Pharma- car purchases in 2018, sponsors of the offe- exchange drafts of a 110-120 car dealer China Zheng- Dongzheng Automo- ceuticals, raised $285 according to a regula- ring. Bloomberg page agreement, he said. AP thu 14.03.2019

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macau’s leading newspaper 中國 CHINA 11

HE new U.S. ambas- sador to Australia said yesterday that he’s concerned about the New US ambassador warns of Tway China lends money to de- veloping Pacific nations in what he describes as “payday loan di- plomacy.” China’s ‘payday loan diplomacy’ Arthur Culvahouse Jr. told re- porters in Canberra that it was up to U.S. allies and Western liberal democracies to educa- te people about the dangers of AP PHOTO such loans. U.S. Vice President Mike Pen- ce previously warned of China deploying “debt traps” against developing Pacific nations. “I would use stronger langua- ge. I would use payday loan di- plomacy,” Culvahouse said. He said “the money looks at- tractive and easy upfront, but you better read the fine print.” China categorically rejects accusations that it uses loans, grants and other financial indu- cements to extend its diploma- tic and political reach, saying it is merely acting in the best interests of both sides in such transactions. It is especially sensitive to “debt trap” claims related to projects under its gargantuan “belt and road” infrastructure initiative, a signature policy of President Xi Jinping. U.S. Ambassador to Australia, Arthur Culvahouse Jr. Yet, China has largely ignored criticism of its dealings with Sri Lanka, where that country was se developing countries, and do to robust global standards, without delivering benefits. forced to hand over a port, air- those things that are conducive China employing the local workfor- While China is a major cus- port and land for development to the countries’ long-term de- ce, and avoiding unsustainable tomer for Australian products after it was unable to repay velopment, rather than stirring categorically debt burdens. from iron ore to higher edu- billions of dollars in Chinese up trouble out of nothing,” Lu In November, Australia an- cation, frictions have arisen loans, and has sought to blunt said. rejects nounced a USD1.4 billion Aus- between them over Canberra’s criticism from Malaysia and The U.S. and Australia have accusations tralian Infrastructure Finan- treaty ties with Washington others over the terms of projec- their own infrastructure invest- cing Facility for the Pacific to and accusations of Chinese me- ts backed by Chinese loans. ment projects in the region. that it uses provide grants and long-term ddling in Australian politics. At a daily briefing in Beijing, Last July, the U.S. Overseas loans for investments in tele- Culvahouse dampened expec- foreign ministry spokesman Lu Private Investment Corp., the loans, grants communications, energy, trans- tations that President Donald Kang said China had noticed Japan Bank for Investment and other port and water infrastructure. Trump might visit Australia any that “some U.S. officials keep Cooperation and the Australian China protested in January time soon, saying he’d talked to picking on the mutually benefi- government announced a part- financial last year when then Austra- the White House before he’d cial cooperation between China nership to invest in Asia-Pacific lian Minister for International left and while a presidential and other countries, including infrastructure. inducements Development and the Pacific visit remained a possibility, the South-South cooperation The partners said in a joint Concetta Fierravanti-Wells said Trump had “a busy schedule.” with Pacific island countries.” statement at the time that to extend its Chinese aid programs in poor “I do expect a number of very “I hope that they will correct good investments stem from diplomatic and Pacific island countries were senior administration officials their attitude, keep in mind transparency, open competi- creating “white elephants” that with whom I met to visit Aus- the long-term interests of tho- tion, sustainability, adhering political reach threatened economic stability tralia this year,” he added. AP

proposal to host the mee- to Beijing since President ting. Another person said Tsai Ing-wen was elected Taiwan is said to court bank to the Ministry of Finance in 2016. was close to deciding whe- Finance Minister Su ther to officially submit its Jain-rong represen- loosen Beijing’s diplomatic squeeze bid but is uncertain whe- ts Taiwan on the bank’s ther Taiwan can muster board. A spokesman for Miaojung Lin & Samson Ellis ding to the people, who ponse from China, which its allies in the region, sufficient support among Taiwan’s finance ministry asked not to be identified has increased pressure on including Cuba and Pa- the other members. A declined to comment. AIWAN is studying a because the details ha- countries and multinatio- nama, to block the bid, bid would also need to be Taiwan, along with the Tbid to host a top mee- ven’t been made public. nal companies to avoid any according to people with agreed to by Taiwan’s pre- likes of Argentina, Me- ting of Central America’s The bank is one of the few actions that could imply knowledge of the matter. sident and premier. xico and Spain, is one main regional bank, ac- international organiza- sovereign status for the is- China is also in talks with Latin American and Ca- of six members of the cording to people with tions of which Taiwan is a land. While Taiwan has its members of CABEI to join ribbean nations have long bank from outside Cen- knowledge of the matter, full member under its offi- own democratically elected the organization, with one been a stronghold of diplo- tral America and its only in the self-ruled island’s cial name, the Republic of government, China’s Com- of its main conditions that matic support for Taiwan, Asian member. Taipei latest effort to break Chi- China (Taiwan). The len- munist Party views the is- the bank drop its recogni- favoring official ties with last hosted a board mee- na’s diplomatic squeeze. der is scheduled to deci- land as part of its territory tion of Taiwan as a separa- the island over mainland ting in 1995. The CABEI Taiwan is considering de on the 2020 host at its and routinely blocks its te nation, the people said. China. While four of the is one of the supranatio- applying to host the 60th board meeting in Argenti- participation in most inter- Taiwan, which holds a 10 bank’s 13 other members nal institutions able to annual board meeting na next month. national organizations. percent stake in the bank, officially recognize Taiwan, issue bonds in Taiwan. of the Central American A decision to host the China has learned of needs members holding at El Salvador, the Domini- Since 2014, it has issued Bank for Economic Inte- board meeting in Taiwan Taiwan’s wish to host the least two-thirds of the len- can Republic and Panama approximately USD1.1 gration next year, accor- could prompt an angry res- meeting and is lobbying der’s shares to support its have switched recognition billion of notes. Bloomberg 14.03.2019 thu

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12 ASIA-PACIFIC 亞太版 www.macaudailytimes.com.mo

ANALYSIS REUNIFICATION The economy has always been at the heart of commu- nism. A planned economy Why North Korean prosperity is what set countries like the Soviet Union, Cuba, and Vietnam apart from capita- list democracies. For com- would be the ruin of Kim Jong Un munist leaders like Vladimir Lenin and Fidel Castro, it’s what made them superior. Plenty of communist gover-

AP PHOTO nments have managed to mix some free-market capitalism into their socialist econo- mies without endangering the Communist Party’s mo- nopoly on power – Vietnam, Cuba and China top among them. The transition toward ca- pitalism in those countries has come at the cost of social inequalities. Freer markets have created a growing class of wealthy entrepreneurs, while some more marginal populations have remained excluded from these new ri- ches. Still, vastly improved living conditions have actually boosted the legitimacy of communist governments in Vietnam, Cuba and China. East Germany and Nor- th Korea differ from these examples. They are halves of a whole. The planned economy doesn’t just inform their po- litical system – it is the sole reason for their existence. East Germany and North Korea were born to offer an Thomas Adam, THE COMMUNIST sula along the 38th parallel, Walter Ulbricht began re- economic alternative from University of Texas Arlington DIVIDE with the Soviets occupying laxing the government’s grip their capitalist compatriots. As a historian, I disagree the North and the Americans on the economy. Managers If these countries cease to IETNAM seemed like the with Trump’s view that Viet- occupying the South. of state-run enterprises were present a clear economic al- Vperfect place for Donald nam is the blueprint for North This split deepened in June given decision-making power ternative that distinguishes Trump and North Korean dic- Korea. 1950, when the communist over what goods to produce, them from their capitalist tator Kim Jong Un to meet in I am currently writing a North tried to unify the coun- a role previously retained by brother-country, history late February for their latest college textbook on the his- try under its rule, invading the government, and allowed shows, they are absorbed by summit on denuclearization. At tory of Germany, my country the South. Korea’s civil war to keep some of their profits. them. Hanoi’s posh Metropole Hotel, of birth. The Vietnam sum- turned into a proxy Cold War Banks got permission to ex- My research suggests that Trump hoped to convince Kim mit came while I was focu- as communist China aided tend loans to the businesses denuclearization, the lifting to abandon nuclear weapons in sed on the chapter about East North Korea and the U.S. sent of their choice, helping them of U.S. sanctions and a tran- exchange for lifting U.S. sanc- Germany’s transition, in the troops to defend the South grow and invest. sition into market socialism tions against North Korea, whi- 1990s, from a Soviet-style Koreans. A 1953 armistice has Even though productivity, would trigger an East Ger- ch would spur needed economic socialist economy to a more divided the Korean peninsula wages and availability of con- many-style existential crisis development in that country. free-market economy. ever since. sumer goods all increased, for North Korea. That’s be- North Korea’s economy has In my assessment, North Like Korea, Germany was East Germany abruptly aban- cause a prospering economy been in dire straits since the Korea is much more similar to also split into two competing doned these reforms in the would eliminate the very Soviet Union – which had pro- Cold War-era East Germany states. Capitalist West Ger- early 1970s. reason for North Korean pped up its communist regime than it is to modern Vietnam. many and communist East It was not because they did existence, obviating the ra- – collapsed in the early 1990s. Both North Korea and East Germany existed side by side, not work. Rather, according to tionale for Kim’s totalitarian Starvation remains common in Germany were separated by divided by the Berlin Wall, my research and the historian policies, anti-American rhe- North Korea, where 10.5 of its communism from the other from 1945 to 1990. Joerg Roesler, East Germany toric and isolation. 25 million people are under- half of their once-unified na- Initially, East Germany’s began to fear that its liberal For North Korea’s all- nourished. tion. They are countries fou- centralized, planned economy economy was starting to make -powerful leader, a failing Meanwhile, Vietnam – once nded entirely on the rejection was quite successful in rebuil- it look dangerously similar to centralized economy and a one of the world’s poorest of their capitalist brothers. ding the country after the war. West Germany. grip on power that’s guaran- countries – has prospered. Its The Korean peninsula has But by the mid-1960s, econo- In 1968, the Soviets had teed by the threat of nuclear communist government intro- been split in two since 1945, mic growth had slowed, resul- invaded neighboring Cze- warfare is better than a vi- duced free-market reforms in when Soviet and American ting in a shortage of consumer choslovakia, terminating its brant capitalist economy. the late 1980s after the failure troops liberated it from Japan and industrial products. experimentation with both Kim promised North Ko- of its Soviet-style planned eco- at the end of World War II. To reinvigorate the eco- economic and political libe- reans better living condi- nomy, permitting the private The Allies divided the penin- nomy, East German leader ralization. The East German tions after succeeding his ownership of businesses and government worried that its father, dictator Kim Jong Il, farms after years of controlling economy had become a little in 2011. But what he really all markets. Denuclearization, the lifting of too liberal, too. needs are economic reforms Referencing Vietnam’s eco- East Germany’s attempt to that boost the economy wi- nomic success story, President US sanctions and a transition into preserve communist rule by thout threatening the com- Trump wrote on Twitter on maintaining authority over its munist character of North February 8: “With complete market socialism would trigger faltering economy proved fu- Korea’s economy. Denuclearization, North Korea tile. On Oct. 3, 1990, Germany No post-Cold War country will rapidly become an Econo- an East Germany-style existential was reunified under West has managed it yet. mic Powerhouse” too. crisis for North Korea German control. The Conversation thu 14.03.2019

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macau’s leading newspaper 亞太版 ASIA-PACIFIC 13

Viriya Singgih, Arys Aditya & Karlis Salna HINESE and Russian Indonesia says election targeted hackers are attacking Indonesia’s voter data base in a bid to disrupt Cthe country’s upcoming presiden- by Chinese, Russian hackers tial election, according to a senior election commission official. Russian interference in the 2016 FAKE NEWS As Indonesia prepares for simul- U.S. presidential election, which Communications Minister taneous presidential and legislati- was won by Donald Trump. Rudiantara, who uses only one BLOOMBERG ve polls on April 17, authorities are Russia rejected the allegation of name, said last year there was facing a wave of cyber incursions cyber attacks in Indonesia as “ba- evidence that Widodo was being they say may be aimed at discredi- seless,” with Kremlin spokesman targeted by false claims aimed at ting the polling process. The head Dmitry Peskov saying the country discrediting him, with some of of Indonesia’s General Elections doesn’t meddle. Russia “has no in- the attacks originating overseas. Commission, Arief Budiman, said tention of interfering in any affairs The election commission has also some of the attacks originated in of other states, especially in electo- recently met with representatives Russia and China, and include at- ral processes. We don’t like it when from Facebook Inc., Twitter Inc. tempts to “manipulate or modify” it’s done to us and we never do it and Alphabet Inc.’s Google to try content as well as to create so-cal- ourselves,” Peskov told reporters to ensure social media platforms led ghost voters, or fake voter iden- yesterday. were not used to spread hoaxes tities. The Chinese Ministry of Foreign and manipulate the political pro- “They try to hack our system,” Affairs did not immediately res- pits Prabowo, a former special for- there was a “massive number of cess. Budiman said in an interview in pond to a fax seeking comment. A ces general, against the incumbent other anomalies.” Budiman said the commission Jakarta on Tuesday. “Not only spokesman for the Widodo cam- in Joko Widodo. The latest allegations of voter would ensure a transparent and every day. Almost every hour,” he paign declined to comment on The probe, which is expected to fraud follow similar complaints fair election. International obser- said, adding it was unclear whe- allegations of attempted hacking be completed this week, will exa- made last year regarding the exis- vers have been invited to monitor ther the motive was “to disrupt In- of the KPU database, as well alle- mine whether 17.5 million names tence 25 million ghost voters. An the vote, he said. donesia” or to help one of the can- gations of voter fraud brought by have been fraudulently added to investigation later showed that With about four weeks to go in didates win. “Voter behavior can the campaign team for presiden- the electoral role. It comes after a there were some 700,000 poten- the campaign, polls show Widodo be changed by de-legitimizing the tial candidate Prabowo Subianto. meeting on Monday between the tial fake voters, Budiman said. holding a lead of about 20 points organizer of the election,” he said, election commission and Hashim There were also allegations of over Prabowo. Still, the gap has referring to the General Elections FRAUD PROBE Djojohadikusumo, Prabowo’s bro- voter fraud made by the Prabowo narrowed and Prabowo has cam- Commission, known as KPU. The commission also started an ther and the media and communi- camp following the 2014 presi- paigned aggressively, prompting The latest developments come in investigation into separate alle- cations director for his campaign. dential election, which the former suggestions he could spring a the wake of a crackdown in Indo- gations of voter fraud raised by “We’ve discovered 17.5 million general lost to Widodo. A lawsuit “Mahathir-like” upset and follow nesia on so-called fake news and the campaign team for Subianto, dubious names on the official vo- challenging the result of the elec- Malaysia’s Prime Minister Maha- the use of social media to influence more commonly known as Pra- ter role,” Djojohadikusumo said tion was rejected by the Constitu- thir Mohamad in winning an un- voters. And it follows allegations of bowo, Budiman said. The election Tuesday in a text message. He said tional Court. likely victory. Bloomberg

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popular aircraft from the skies and does not intend to issue new recommendations about the air- Ethiopia to send plane’s black craft to customers. Boeing’s CEO Dennis Mui- lenburg also spoke with Presi- dent Donald Trump and reite- box abroad as grief grows rated that the 737 Max 8 is safe, the company said. Its technical Elias Meseret & team, meanwhile, joined Ame- rican, Israeli, Kenyan and other

Yidnek Kirubel, Hejere AP PHOTO aviation experts in the investi- HE black box from the gation led by Ethiopian autho- Boeing jet that crashed rities. and killed all 157 peo- The Federal Aviation Admi- ple on board will be nistration also backed the jet’s Tsent overseas for analysis but airworthiness and said it was re- no country has been chosen, an viewing all available data. “Thus Ethiopian Airlines spokesman far, our review shows no sys- said yesterday as much of the temic performance issues and world grounded or barred the provides no basis to order grou- plane model and grieving fami- nding the aircraft,” acting FAA lies arrived at the disaster site. Administrator Daniel K. Elwell In an interview with The As- said in a statement. “Nor have sociated Press, Asrat Begashaw other civil aviation authorities said the airline has “a range of provided data to us that would options” for the data and voice warrant action.” records of the flight’s last mo- Some aviation experts have ments. “What we can say is we warned that finding answers in don’t have the capability to pro- this crash could take months. be it here in Ethiopia,” he said. An Ethiopian pilot who saw the An airline official has said one crash site minutes after the di- recorder was partially damaged. saster told the AP that the plane The Boeing 737 Max 8 aircraft appeared to have “slid directly crashed six minutes after takeoff into the ground.” Sunday, killing all 157 people on Asrat, the Ethiopian Airlines board. The disaster is the second spokesman, told the AP that the with a Max 8 plane in just five remains of victims recovered so months. far were in freezers and that fo- While some aviation experts as Africa’s best-managed airline, the Lion Air crash in Indonesia ned the operation of the aircraft. rensic DNA work for identifica- have warned against drawing grounded its remaining four 737 that killed 189 people last year. Thailand ordered budget airline tions had not yet begun. conclusions until more informa- Max 8s. Others took action yester- Thai Lion Air to suspend flying The dead came from 35 coun- tion on the latest crash emerges, That leaves the United States as day. Lebanon and Kosovo bar- the planes for risk assessments. tries. The airline has identifying much of the world, including one of the few remaining opera- red the Boeing 737 Max 8 from Lion Air confirmed reports it has them should take five days. the entire European Union, has tors of the plane. their airspace, and Norwegian put on hold the scheduled deli- More devastated families arri- grounded the Boeing jetliner or “Similar causes may have con- Air Shuttles said it would seek very of four of the jets. ved at the crash site yesterday, banned it from their airspace. tributed to both events,” Euro- compensation from Boeing after The U.S.-based Boeing has some supported by loved ones Ethiopian Airlines, widely seen pean regulators said, referring to grounding its fleet. Egypt ban- said it has no reason to pull the and wailing. AP

students’ answers. On Wednesday, a Silicon USA Some parents spent Valley hedge fund annou- hundreds of thousands of nced that it is replacing its dollars and some as much head after he became ens- CEO steps down as dozens ensnared as USD6.5 million to gua- nared in the scandal. rantee their children’s ad- Manuel Henriquez, who in college admissions scam mission, officials said. was also the top executive “These parents are a ca- investment giant PIMCO talog of wealth and privile- until 2016, will be repla- college admissions ge,” U.S. Attorney Andrew ced as CEO and chairman scandal moved from Lelling said. of Hercules Capital in Palo

A AP PHOTO bombshell indictments At least nine athletic coa- Alto, California. Henri- to guilty pleas in a mat- ches and 33 parents were quez was arrested in New ter of hours, yet the full charged. Dozens, inclu- York City and released on fallout from the federal ding Huffman, the Emmy- $500,000 bail. Shares of case against the rich and -winning star of ABC’s the hedge fund plunged 9 famous could take months “Desperate Housewives,” percent. or more to unfold. were arrested by midday Hercules said that Hen- Big names such as actres- Tuesday. Huffman posted riquez will still hold a seat ses Felicity Huffman and a $250,000 bond after on the board and will serve Lori Loughlin headline an appearance in federal as an adviser. the list of some 50 peo- court in Los Angeles. Her The coaches worked at ple charged in documents husband, actor William H. schools such as Yale, Stan- released yesterday [Ma- Macy, has not been char- ford, Georgetown, Wake cau time] that describe a ged, though an FBI agent Forest, the University of scheme to cheat the ad- stated in an affidavit that Texas, the University of missions process at eight he was in the room when Southern California and sought-after schools. The William “Rick” Singer founder of the Edge College & Career Network Huffman first heard the the University of Califor- parents bribed college coa- pitch from a scam insider. nia at Los Angeles. ches and other insiders to Edge College & Ca- “remorseful and contrite make their children look It was unclear when the Stanford’s sailing coach get their children into se- reer Network of Newport and wants to move on with like star athletes to boost “Full House” star Lou- John Vandemoer pleaded lective schools, authorities Beach, California, autho- his life.” their chances of getting ac- ghlin would turn herself guilty yesterday in Boston. said. rities said. Singer pleaded Prosecutors said that pa- cepted. The consultant also in. Loughlin’s husband, A former Yale soccer coach At the center of the sche- guilty and his lawyer, Do- rents paid Singer big money hired ringers to take college fashion designer Mossimo pleaded guilty before the me was admissions con- nald Heller, said his client from 2011 up until just last entrance exams for studen- Giannulli, was released in documents went public sultant William “Rick” intends to cooperate fully month to bribe coaches and ts, and paid off insiders at Los Angeles after posting a and helped build the case Singer, founder of the with prosecutors and is administrators to falsely testing centers to correct $1 million bond. against others. AP 14.03.2019 thu

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16 INFOTAINMENT 資訊／娛樂 www.macaudailytimes.com.mo

what’s ON ... TV canal macau this day in history Masterpieces of Russian Art from the 13:00 TDM News (Repetição) State Tretyakov Gallery 13:30 Telejornal RTPi (Diferido) Time: 10am-7pm (last admission 6:30pm; 15:00 Água de Mar closed on Mondays) 15:50 Zig Zag Until: April 22, 2019 16:05 Conversa da Treta enue V : Macau Museum of Art 16:35 Quem Quer Ser Milionário Admission: Free 17:30 Palcos Agora Enquiries: (853) 8791 9814 18:00 Ministério do Tempo Oneness: Calligraphy by Professor Jao 19:00 TDM Entrevista (Repetição) Tsung-I 19:35 Os Nossos Dias Sr.2 Time: 10am-6pm (No admission after 5:30pm, 20:30 Telejornal closed on Mondays) 21:15 Montra do Lilau Until: September 30, 2019 21:50 O Último Reino Sr.1 - Fim Venue: Jao Tsung-I Academy Admission: Free 22:40 LiteraturAqui Enquiries: (853) 2852 2523 23:15 TDM News 23:50 Resumo Liga dos Campeões 2018/2019 Biomimicry – Inspired by Nature 00:10 5 Para a Meia-Noite - Estreia ime T : 10am-6pm (closed on Thursdays) 01:50 Telejornal (Repetição) Until: March 31, 2019 02:35 RTPi Directo Venue: Gallery 2, Exhibition Center, Macau Science Center Admission: MOP25 Enquiries: (853) 2888 0822

Exhibition of New Works in MAM cinema 1964 Jack Ruby sentenced Collection - Che Ho cineteatro to death Time: 10am-7pm (last admission 6:30pm; 14 - 20 Mar closed on Mondays) Until: April 14, 2019 Jack Ruby has been sentenced to death after being found Venue: Macau Museum of Art guilty of the murder of Lee Harvey Oswald, the alleged assassin Admission: Free of President John F Kennedy. Ruby’s defence team is to launch an appeal after the jury nquiries E : (853) 8791 9814 in the Dallas court returned the guilty verdict and decided he should die in the electric chair. No Where There – Works by Tang Jing The jury of eight men and four women deliberated for two Time: 11am-1pm & 2pm-6pm (closed on hours and 19 minutes. Sundays) Oswald, who was accused of firing the gun that killed the president, was shot two days later by Ruby in the basement of Until: March 16, 2019 CAPTAIN MARVEL the Dallas police headquarters. enue V : 1844 Macau Photography Art Space room 1 There was uproar in court and Ruby’s defence said the verdict Admission: Free 2:30, 4:45, 7:15, 9:30 pm was “a victory for bigotry”. Enquiries: (853) 6311 1390 Director: Anna Boden, Ryan Fleck Melvin Belli, chief defence counsel, said: “This was a kanga- Starring: Brie Larson, Samuel L. Jackson, Ben Mendelsohn roo court, a railroad court and everyone knew it.” Language: English (Chinese) At 1223 local time, Judge Brown read out the verdict: “We the rd acau rintmaking riennial 3 M P T Duration: 124min jury find the defendant guilty of murder with malice as charged Time: 10am-7pm (no admittance after 6:30pm, in the indictment and assess his punishment as death.” closed on Monday) When the judge asked if this was a unanimous decision, all Venue: Macau Contemporary Art Center - the jurors raised their right hand to signal that it was. They were Navy Yard No.1 then discharged. Ruby, who pleaded not guilty to the murder charge, was qui- Exhibitions Gallery and Nostalgic ckly led away to prison, where he will remain as his appeal gets House of the Taipa Houses under way. Until: March 16, 2019 The district attorney said after the trial that he thought the jury Venue: 1844 Macau Photography Art Space had been persuaded by Dallas police officers who reported Admission: Free that Ruby had planned to kill Oswald for two days and had meant to shoot him three times instead of once. Enquiries: (853) 2836 6866 ESCAPE ROOM The jury had been asked to consider its verdict after hearing room 2 more than five hours of summing up by prosecuting and de- 2:30, 4:30, 7:30, 9:30pm fence barristers. Director: Adam Robitel Prosecutors argued that Ruby should die in the electric chair Starring: Taylor Russell, Logan Miller, Jay Ellis “because he mocked American justice while the spotlight was Language: English (Chinese) on Dallas”. Duration: 99min Defence lawyers had suggested that the prosecution wanted Ruby to go to the electric chair to compensate for their frustra- tions due to their inability to try Lee Harvey Oswald. They also argued that there was medical evidence to suggest that Ruby suffered from epilepsy and was subject to seizures and mental blackouts. Offbeat Courtesy BBC News Harry Potter publisher Arthur A Levine leaves longtime job The man who helped introduce J.K. Rowling’s “Harry Potter” books to U.S. audiences is leaving his longtime job at Scholastic DRAGON BALL SUPER BROLY In context and starting his own publishing house. room 3 2:30, 7:30pm Yesterday (Macau time), Scholastic announced the departure Lee Harvey Oswald was arrested after John F Kennedy was assassinated Director: Tatsuya Nagamine in Dallas, Texas, in 1963, but he was murdered before facing trial. of Arthur A. Levine, who since 1996 had headed an eponymous Starring: Masako Nozawa, Aya Hisakawa, Ryô Horikawa imprint at the children’s publishing company. Besides Rowling, Following Jack Ruby’s trial for killing Oswald, three psychiatrists recom- Language: Japanese (Chinese & English) mended that he should have a “sanity hearing” amid reports that he was he also was an early champion of Phillip Pullman and his ac- Duration: 100min mentally ill. claimed novel “The Golden Compass.” In a statement issued In an appeal to the Texas Supreme Court, Ruby’s lawyers argued that he through Scholastic, Levine said that it was an ideal time for a KAMEN RIDER HEISEI GENERATIONS FPREVER could not have received a fair trial in Dallas due to the excessive publicity. small publisher “to thrive.” room 3 The court agreed and ruled that his motion for a change of venue before Levine first heard of Rowling at a 1997 book fair in Bologna, 4:30, 9:30pm the original trial court should have been granted, and so Ruby’s conviction Italy, where he was showed a manuscript of her first Potter novel Director: Kyohei Yamaguchi and death sentence was overturned. by a representative of her British publisher, Bloomsbury. Scho- Starring: Eiji Akaso, Shunsuke Daitô, Nayuta Fukuzaki While awaiting a new trial, Ruby died of a pulmonary embolism in hospi- lastic published all seven U.S. editions of Rowling’s mega-selling Language: Japanese (Chinese & English) tal on 3 January, 1967. fantasy series. Duration: 100min thu 14.03.2019 th Anniversary

macau’s leading newspaper 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 should be the first person to Time is going to be playing a few speak up when something isn’t tricks on you today—its elastic right today. Make it known that nature will fool you and keep you you do not align yourself with guessing. At the beginning of the people who use cheap tricks or lies day, you will feel as though you to get what they want. have lots of free time.

Gemini Cancer

May 21-Jun. 21 Jun. 22-Jul. 22 Today you may find yourself With all the thoughts and plans talking to someone you wouldn’t you’ve been juggling in your mind have considered talking to before— lately, your brain might start and enjoying it immensely. Your moving at a much faster pace natural curiosity will be piqued by than your good judgment—so this person... beware. SUDOKU WEATHER Leo Virgo MIN MAX CONDITION Jul. 23-Aug. 22 Aug. 23-Sept. 22 CHINA A brainstorming session could lead You can easily avoid any type of Easy Easy+ to some interesting invitations of argument today simply by avoiding the romantic kind—keep your cool combative people, but is that the Beijing 2 15 clear/cloudy when someone asks you something way you want to handle things? Harbin cloudy that you’ve been dying to be asked Right now, it would be better to -10 3 for a while now. face conflict head on. Tianjin 4 16 clear/cloudy Urumqi 0 clear Libra Scorpio -5 Xi’an 4 19 cloudy Sep.23-Oct. 22 Oct. 23 - Nov. 21 Lhasa 1 18 cloudy It can be tough to be out of sync Your thinking is going to be even Chengdu 11 18 clear with your close friends—especially clearer than usual, and you’ll find if they’re in romantic relationships that organizing any disorder you Chongqing 13 18 overcast/cloudy and you’re not (or vice versa). Of encounter is very rewarding. So it’s Kunming 8 20 clear course, any conflicts you’re feeling a great day to tackle some complex now are not just about relationships. tasks. Nanjing 9 19 overcast/cloudy Shanghai 8 12 drizzle Sagittarius Capricorn Wuhan 9 22 drizzle/cloudy Medium Hard Nov. 22-Dec. 21 Dec. 22-Jan. 19 Hangzhou 8 13 drizzle Getting in touch with your inner You don’t have to turn Taipei 16 21 cloudy/drizzle child involves more than just the conversation into an Guangzhou shower goofing off and turning away from interrogation—keep it light and 16 22 your current responsibilities. friendly. This person will, in Hong Kong 17 20 drizzle/moderaterain It’s also about remembering that fact, be flattered by your intense feeling of possibility. interest.

Aquarius Pisces WORLD

Jan. 20-Feb. 18 Feb.19-Mar. 20 Moscow -5 1 sleet/cloudy Every day brings the potential Playing hide and seek with your Frankfurt 3 12 drizzle for your environment to change affections is not a fun game—for drastically—but today, big changes you or for the object of your desire. Paris 5 13 drizzle are almost a sure thing. So do not So if you have special warm and London 5 14 drizzle get too comfortable with the way fuzzy feelings for someone, you things are right now. need to fess up! New York 5 9 cloudy

CROSSWORDS ACROSS: 1- Adjective-forming suffix; 5- Caustic substances; 9- Car bomb?; 14- USEFUL TELEPHONE NUMBERS “Roots” author Haley; 15- Clue; 16- Kentucky college; 17- Manner of walking; 18- Actress Heche; 19- Hubert’s successor; 20- Tara family; 22- Sleep disorder; 24- Motorists’ org.; 25- Morning; 29- Fosse; 32- Female servant; 34- Skier’s Emergency calls 999 Taxi 28 939 939 / 2828 3283 transport; 35- Hose shade; 36- Chinese menu phrase; 37- Actress Suvari; 38- Oktoberfest order; 39- Join forces; 40- Goddess and sister of Ares in Greek Fire department 28 572 222 Water Supply – Report 2822 0088 mythology; 41- E.g., e.g.; 42- Melodies; 43- Evening, informally; 44- Arias, usually; 45- From the U.S.; 46- Remains; 47- Accomplish; 49- Ewe said it; 50- Flip PJ (Open line) 993 Telephone – Report 1000 over; 52- Fireball; 56- ___-Saxon; 59- Ike’s ex; 61- A party to; 62- Song of praise; 63- Blue dye; 64- Area; 65- Musical drama, usually sung in Italian; 66- Lounge; PJ (Picket) 28 557 775 Electricity – Report 28 339 922 67- Decorative pitcher; PSP 28 573 333 Macau Daily Times 28 716 081 DOWN: 1- “Othello” villain; 2- Boring, so to speak; 3- Sci-fi princess; 4- Like afterschool activities; 5- Capital of Tibet; Customs 28 559 944 6- Yang’s partner; 7- Sicilian resort; 8- Yesterday’s solution Fairy tale meanie; 9- “Barnaby Jones” S. J. Hospital 28 313 731 star; 10- Divide up; 11- ___ Lanka; 12- Auction ending; 13- Philosopher ___-tzu; 21- That’s the spot!; 23- Pokes Crossword puzzles provided by BestCrosswords.com Kiang Wu Hospital 28 371 333 gently; 26- Spain and Portugal; 27- Soundness of judgment; 28- Rubs out; Commission Against 29- Lower in value; 30- Refrigerator; 31- Bass’s counterpart; 32- Overwhelming; Corruption (CCAC) 28326 300 33- Nitrogen compound; 36- Nod involuntarily; 46- ___ Paulo; 48- Once IACM 28 387 333 ___ time...; 49- Hoops; 51- Rat Pack nickname; 53- ___ pronounce you...; 54- Tourism 28 333 000 Completed; 55- Steven Chu’s cabinet dept.; 56- GI mail drop; 57- Forty winks; Airport 59 888 88 58- Fancy that!; 60- It’s nothing;

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FOOTBALL | CHAMPIONS LEAGUE Schalke 7-0 to progress 10-2 on aggregate. Juventus thought it had taken the lead less than three minutes into the game but VAR confir- Ronaldo nets hat trick to send med that Ronaldo had fouled Atletico goalkeeper Jan Oblak before Giorgio Chiellini fired in Juventus into CL quarters the rebound. Italy forward Federico Ber- nardeschi was handed a start Daniella Matar, Turi instead of Paulo Dybala for Ju- ventus, and he responded by JUVENTUS 3, ATLETICO 0 AP PHOTO putting in a cross from the left for Ronaldo to head in at the far RISTIANO Ronal- post in the 27th minute. Bernar- do made a mockery of deschi also had several chances Atletico Madrid’s vaun- to extend Juve’s lead — nota- ted defense, and then bly with an audacious overhead Cmocked its coach as well. kick in the 35th minute which Ronaldo scored a hat trick flew narrowly over. against the normally resilient Spanish side to send Juven- tus into the Champions League It was quarterfinals with a 3-0 win yesterday [Macau time] as the Ronaldo’s Bianconeri fought back from a two-goal first-leg defeat. eighth hat The former Real Madrid player trick in the outjumped Atletico’s defenders to score a header in each half Champions and then converted a late pe- nalty for his first hat trick since League joining Juventus in the summer — and just when they needed it Ronaldo’s flight to the first goal Ronaldo went close again most. shortly before halftime when he He celebrated at the final again outjumped everyone but whistle by mimicking the obsce- trating why Juventus paid Real last five seasons. Without him, Wanda Metropolitano Stadium headed Leonardo Spinazzola’s ne gesture Atletico coach Diego Madrid 112 million euros (then Madrid was eliminated by Ajax — and more pain caused by Ro- cross wide of the right post. Simeone made after the Spanish $131.5 million) for the Portu- last week. naldo. While at Madrid, Ronal- Ronaldo did get the second side’s second goal in the first leg gal star who has dominated the However, Ronaldo had only do helped beat Atletico in two goal three minutes after the — having the final say against a competition in recent years. scored one goal in the compe- Champions League finals. break. Joao Cancelo put in a rival he so often defeated as a It was the first time Juventus tition for Juventus until yester- He has also now scored 25 cross from the right and althou- Real Madrid player. came back from a two-goal de- day. goals against Atletico in his ca- gh Oblak clawed Ronaldo’s hea- Simeone was fined 20,000 feat in the first leg. “It would have been strange reer. der out from under his crossbar, euros (USD22,500) by UEFA “Maybe that’s why Juventus if Ronaldo’s Champions Lea- “He’s the best in the world,” Si- goal-line technology confirmed for improper conduct and it re- signed me,” Ronaldo said. “To gue season ended with only one meone said. “We suffered, as ha- the ball had crossed the line. mains to be seen whether Ro- help it do things that it had ne- goal,” Juventus coach Massimi- ppened to them in the first leg. Juventus went all out attack naldo will face a similar punish- ver done before. This result is a liano Allegri said. “Juventus sig- They’re through and that’s right. and got the decisive third goal ment. great push for the future, we’re ned him for nights like this and They deserved it [...] Maybe I di- four minutes from time. Bernar- It was Ronaldo’s eighth hat strong and we showed it.” tonight he made the difference.” dn’t manage to transmit to my deschi was nudged over in the trick in the Champions League, The 34-year-old Ronaldo has For Atletico, it was more hear- players what we needed.” penalty area and Ronaldo con- moving him level with Barcelo- won the Champions League five tache in the competition in the Manchester City is also throu- verted the resulting spot kick to na’s Lionel Messi and demons- times, including in four of the year the final is being held in its gh to the final eight after routing send the home fans wild. AP

FOOTBALL | CHAMPIONS LEAGUE Man City routs Schalke, into AP PHOTO Champions League quarters

MAN CITY 7, SCHALKE, 0 ver Guardiola might be verpool, Juventus, who still has it all to do against saying in public. have how many? Six, se- Lyon on Wednesday, with record-tying victory in Even if history is not on ven, eight?” Guardiola the teams locked at 0-0 af- Athe last 16 and a quar- their side — Guardiola said. “It is why when the ter the first leg. terfinal lineup lacking at recently called City a “tee- people say, ‘You have to There is no denying it least three of Europe’s top nage” side that is “still not win, you have to win,’ has opened up for City. teams suggests this just ready to fight for the latter when you are out in the Certainly Schalke was in might be Manchester Ci- stages” — the form of his quarterfinals it is a disas- no shape to stop Guardio- ty’s year in the Champions players certainly is. ter. It is not fair.” la’s side. League. Make that 61 goals in 18 But City and Guardio- This season’s round of No matter how much games in 2019, with only la, the man brought in at 16 has featured some me- Pep Guardiola protests to eight conceded. Perhaps huge expense so the Abu morable comebacks so Manchester City’s Phil Foden celebrates after scoring his side’s sixth goal the contrary. more extraordinarily, it Dhabi-backed club can fi- far — notably from Ajax With a 7-0 thrashing of was the seventh time that nally conquer Europe, are and Manchester United Aguero doubled the lead for City against the de- Schalke yesterday that City has scored six or running out of excuses. last week — but Schalke’s three minutes later after moralized visitors from completed a 10-2 aggrega- more goals in a game this City has arguably its dee- chances of overturning running onto Raheem Germany. te victory, City eased into season. pest and most talented a 3-2 first-leg deficit vir- Sterling’s deft backheel, The win equaled the 7-0s the last eight of European “This club, the best suc- squad ever. Paris Saint- tually disappeared when Leroy Sane stroked in recorded by Bayern Mu- soccer’s most prestigious cess in the history [in the Germain and titleholder Sergio Aguero chipped another goal before half- nich against Basel (2012) competition for the third Champions League] is Real Madrid are already home a 35th-minute pe- time, before Sterling, and Shakhtar Donetsk time in four seasons and a semifinal, compared out. One of Bayern Mu- nalty to make it 1-0 in the Bernardo Silva, Phil Fo- (2015). The latter was confirmed its status as one to Real Madrid with 13 nich and Liverpool will second leg at Etihad Sta- den and Gabriel Jesus achieved when Guardiola of the favorites — whate- [titles]. Or Barcelona, Li- be eliminated. Barcelona dium. added second-half goals was coach at Bayern. AP THE Woman forgets child at airport, Station Air quality BUZZ forces plane to make U-turn Roadside 45-65 Moderate A forgetful — and frenzied — mother demanded When the Saudia pilot was alerted of the on-board the plane she had taken off in return to the airport emergency, he contacted an air traffic controller: High after realizing she had left her baby girl in the airport “May God be with us. Can we come back or what?” Density 60-80 terminal, reported Gulf News yesterday. he asks. Residental The unidentified woman had just departed Je- The pilot confirms the purpose behind the return: Moderate ddah, Saudi Arabia, en route to Kuala Lumpur, “I told you, a passenger has left her baby in the ter- Area opinion during a weekend flight, when she came to the hor- minal and she is refusing to continue the flight.” rible realization that her child wasn’t accompanying The air traffic controller then gives him the green Ambient 60-80 her. light to return to King Abdulaziz Airport. Moderate World Views DSMG SOURCE: Mark Gilbert, Bloomberg UK lawmakers seek to WORLD BRIEFS Asset managers are leading britain’s Brexit exodus stop no-deal Brexit as AP PHOTO The prospect of leaving the European Union has forced Britain’s financial community to make expen- sive preparations for life outside of the trading bloc. EU warnings grow Whatever happens on March 29 – a no-deal Brexit, s military- a delay to the departure or some kind of agreement THAILAND’ installed prime minister – the U.K. faces a slow but steady erosion to its po- has crooned a love sition as the European center of looking after other song and boasted people’s money. of his government’s London-based think tank New Financial said in a achievements during report published this week that it identified 269 U.K.- an official visit to the -based financial firms that have reacted to Brexit by country’s northeast ahead setting up new hubs, moving staff or rebasing assets of the March 24 election. elsewhere in the EU. The moves are real, not theo- Prayuth Chan-ocha led retical; the firms can’t afford to wait and see whether a 2014 coup ousting an Brexit actually happens. “The days of `contingency elected government and planning’ are long gone,” as New Financial puts it. he appeared yesterday Asset managers have been the most proactive in before a crowd of establishing non-U.K. offices from which to do busi- thousands on a trip that ness, the report says. Moreover, the greatest number was nominally part of his have chosen Dublin for their base in the bloc. Banks official duties. that have secured new EU licenses have overwhel- mingly opted to locate their hubs in Frankfurt. ’s government New Financial says that it identified 65 billion pou- MALAYSIA has ordered 34 schools nds (USD85.2 billion) of portfolio funds that have May Theresa May survive the crisis? in southern Johor state been transferred out of the U.K. so far. But that’s to close after toxic waste based on publicly available information, which the plans for the Irish border af- the no-deal arrangements illegally dumped into a think tank reckons underestimates the potential Jill Lawless river sickened scores of flows from the asset management community, as & Raf Casert, London ter Brexit, saying it wouldn’t would be “a sledgehammer students and teachers. well as from banks. “We think the final numbers will impose new checks, duties for our economy.” Education Minister be much larger,” the study says. RITAIN and the Euro- or controls on goods coming A weakened May, her au- Maszlee Malek said in The European Securities Market Association and pean Union braced today from EU member Ireland thority shredded by succes- B a statement that the the Financial Conduct Authority have acted sensi- for a chaotic, cliff-edge Brexit into Northern Ireland. It also sive Brexit defeats in Parlia- shutdown was necessary bly in minimizing the potential disturbance Brexit will after U.K. lawmakers rejec- said it wouldn’t slap tariffs ment, said her Conservative because the situation had cause and ensuring the continuation of so-called ted the divorce deal that the on most goods coming into lawmakers could vote We- turned critical. delegation rights that allow funds to be marketed two sides had agreed upon. Britain from the EU — thou- dnesday according to their and sold in one country and managed from another. Britain’s Parliament was to gh there would be new levies conscience, rather than ha- AFGHANISTAN Many Last month, EU and U.K. regulators agreed to two hold votes later that aimed on imports of some items in- ving to follow a party line. cooperation agreements to coordinate oversight of Afghans are taking to to rule out or postpone a dis- cluding meat and cars. If a no-deal Brexit is ruled investment funds, in case Britain leaves the bloc wi- social media, demanding thout a deal. ruptive no-deal departure out, Parliament will vote harsh punishment for But what the asset management industry has se- for Britain from the bloc. Thursday on whether to ask two men arrested in the kidnapping and killing of cured so far are “temporary fixes, not permanent But top EU officials warned Both Britain the EU to delay Britain’s de- solutions,” according to Sean Tuffy, the head of the prospect could not be eli- parture. a little girl in Kabul, a case that has shaken the city’s market and regulatory intelligence for Citigroup Inc. minated unless the U.K. Par- “The government needs to and the EU residents. The police said in Dublin. Most of the agreements have a two-year liament approved some type seek an extension of [Brexit- yesterday that the men shelf life; the EU is likely to revisit how to create a have ramped of exit deal. -triggering] Article 50 so that confessed to their crime. third-country regime at its next review of regulations “The risk of a no-deal has we can have a bit more time governing the sale and management of mutual up planning never been higher,” chief EU to sort things out because, BRAZIL Two young funds across borders, which would threaten those negotiator Michel Barnier to be honest, we are in such delegation rights. for a ‘no-deal’ men, wearing hoods and It’s not so much the jobs that move directly be- said. a mess,” opposition Labour carrying several weapons, cause of Brexit that will do the long-term damage “I urge you please not to Brexit Party lawmaker Yvette Coo- opened fired at a school to London’s role as Europe’s leading financial cen- underestimate the risk or its per said. in southern Brazil, killing ter. More important are the future roles that aren’t consequences,” he told Eu- The British government The EU — openly exaspe- eight people before taking created in the U.K. that will slowly erode the capital’s ropean lawmakers in Stras- said 87 percent of imports rated by Britain’s continuing their own lives. Yesterday’s shooting happened in a status as other cities develop the pools of talent and bourg, France. by value would be tariff-free, Brexit crisis — warned that public school in Suzano, the regulatory and legal architecture that the industry a “modest liberalization” Britain would need to pre- British lawmakers rejec- a suburb of Sao Paulo. depends on. ted Prime Minister The- compared with current tra- sent a strong reason for any And make no mistake: Dublin, Frankfurt, Paris and The two attackers were resa May’s Brexit deal for de rules. A mixture of tari- extension. believed to be between 20 Luxembourg are keen to seize this one-time oppor- a second time yesterday, ffs and quotas would apply The EU Parliament’s Brexit tunity to win lucrative market share wherever they and 25 years old. throwing it out by a 391- to beef, lamb, pork, poultry group was meeting yester- can. For example, London’s rivals are targeting the primacy of English law in financial contracts as a way 242 vote. With Brexit set and some dairy “to support day to assess the situation in of taking business away from the U.K., as my collea- for March 29, just 16 days farmers and producers who Strasbourg, France, before gue Lionel Laurent detailed earlier this week. away, Parliament will vote have historically been pro- a plenary debate on the im- AP PHOTO Moreover, as the head of one of Britain’s largest later Wednesday on whether tected through high EU ta- passe. asset managers told me last week, Brexit has for- to rule out leaving the EU on riffs.” “I am against every exten- ced the nation’s financial firms to spend money that date without a deal. The tariffs, intended to be sion — whether an extension building new capabilities to create and distribute Both Britain and the EU temporary, wouldn’t apply to of one day, one week, even products from countries elsewhere in the EU. That’s have ramped up planning goods crossing from Ireland 24 hours — if it’s not based a sunk cost, an expense that firms wouldn’t have VATICAN Pope Francis for a “no-deal” Brexit, which to Northern Ireland, raising on a clear opinion of the marked his sixth undertaken if Brexit hadn’t forced them to shell out would rip up decades of rules fears the plan would spark a House of Commons for so- on new offices and alternative legal and regulatory anniversary as pontiff in arrangements. for travel and trade between rise in smuggling across that mething,” said the European prayer yesterday, attending So when decisions arise in the future about which Britain and the EU. Econo- border. Parliament’s chief Brexit a weeklong spiritual location should create and market an investment mists say it could cause huge U.K. Brexit Secretary Ste- official, Guy Verhofstadt. retreat with his closest product, that new infrastructure will compete directly upheaval, with customs che- phen Barclay told the BBC “Please make up your minds advisers. Elsewhere in with the existing setup at the U.K. head office for the cks causing gridlock at U.K. the government was well in London, because this un- the world, one of his cardinals, George Pell, was new business and the associated headcount – and ports, new tariffs triggering prepared but “no-deal is certainty cannot continue.” sentenced for sex abuse will win at least some of the time initially, and likely sudden price hikes and red going to be very disruptive Barnier said “again the with increasing frequency over time. However Brexit and a new poll found tape for everyone from tru- for the economy.” House of Commons says American Catholics are plays out, the U.K. fund management industry will be ckers to tourists. Carolyn Fairbairn, direc- what it does not want. Now a long-term loser from the fallout. increasingly questioning On Wednesday, the U.K. tor-general of the Confedera- this impasse can only be sol- their faith because of the government announced its tion of British Industry, said ved in the U.K.” AP scandal.