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The World According to Xi

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The World According to Xi FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo FRIDAY T. 18º/ 22º Air Quality Bad MOP 8.00 3726 “ THE TIMES THEY ARE A-CHANGIN’ ” N.º 05 Mar 2021 HKD 10.00 MACAU AND HONG KONG WERE DROPPED FROM THE INDEX OF ECONOMIC FREEDOM 2021 THE DEADLIEST AS THE REPORT STATED THAT ITS ECONOMIC POLICIES ARE CONTROLLED BY BEIJING DAY IN MYANMAR P8 P3 AP PHOTO AP PHOTO North Korea may be trying to extract plutonium to make more nuclear weapons at THE WORLD its main atomic complex, recent satellite photos indicated, weeks after leader Kim Jong Un vowed to expand his nuclear arsenal. The 38 North website, which ACCORDING specializes in North Korea studies, cited the imagery as indicating that a coal-fired steam plant at the North’s Yongbyon nuclear complex is in operation after about a two-year hiatus. TO XI South Korea’s first known transgender soldier, who protested the military’s decision last year to discharge her for undergoing gender reassignment surgery, was found dead at her home. Shin Jeong-hwan, a fire department official in the central city of Cheongju, said rescue workers visited the home of Byun Hui-su after local mental health counselors reported that she had been out of contact for days. AP PHOTO Thailand’s Prime Minister China’s legislature begins its Prayuth Chan-ocha says he annual meeting today with has assigned the Royal Thai Army to investigate after economic growth, climate, patriots Facebook Inc. removed 185 accounts and groups and Xi’s new mantra of tech self- allegedly engaged in an P6-7 information-influencing sufficiency on the agenda operation in Thailand run by the military. That followed Facebook’s announcement a day earlier that it had deleted 77 accounts, 72 pages, 18 groups and 18 Instagram accounts for violating its policy against government interference. BLOOMBERG Afghanistan At least seven civilians were shot and IFT killed by unknown gunmen overnight in the country’s achieves east, a provincial security official said yesterday. Gen. Juma Gul Hemat, high provincial police chief in Nangarhar province said the victims of the brutal attack scores in were workers at a plaster factory in the Sorkh Rod university district. Police arrested four suspects, he added. SJM: Pansy Ho coming home rankings More on backpage P2 P5 page 2 www.macaudailytimes.com.mo MACAU 澳門 05.03.2021 fri MACAU’S LEADING NEWSPAPER RENATO MARQUES GAMING HE co-chairperson and executive Tdirector of gaming operator MGM China Holdings Ltd [MGM], Pansy Ho, Pansy Ho is coming home is getting ready to return “home” and take the helm of another gaming ope- rating officer, Hubert Wang, could be rator, SJM Holdings Ltd. a contender,” adding that it would be The pending scenario was confir- “politically unwise” for the company to med to the Times by the managing appoint an American national. partner of IGamiX Management & Ho sold another 1.45 million shares Consulting, Ben Lee. of MGM Resorts International yester- Questioned by the Times as to whe- day, worth a total of USD56.7 million ther yet another sale of shares by Ho (MOP460.3 million), further reducing could represent an intention of redu- her participation in the company after cing her position as a stakeholder at selling of another USD35.6 million (MOP MGM even further before leaving the 284.5 million) worth of shares from the post to run SJM, Lee said, “Yes, that same company on February 24. has always been our belief that Pansy Before the initial transaction, Ho [Ho] will leave MGM to go take over had just over 8.2 million shares. Her the helm at SJM once the concessions stake is now reduced to about 6.7 have been settled. MGM made it wor- million shares, a filing with Stock Ex- th her while to help them get [her] over change of Hong Kong (HKEX), where the line.” the parent company MGM China is Lee believes that Ho’s move to SJM listed, notes. should happen soon after the new According to a different filling lo- concessions tender is finished, aiming dged with the HKEX two days later, to secure a more comfortable position which reports the annual results of the for MGM since SJM’s concession is not company in 2020, Ho still currently considered to be at risk in any way. holds as much as a 22.49% share of When asked who could be in an MGM China. advantageous position to assume the Last year, MGM China saw reve- helm of MGM in this scenario, Lee nue fall by 78% to approximately said, “The [president and] chief ope- HKD5.1billion GAMING Questioned by the Ti- company believes would mes as to whether the involve significant capi- money gathered arising tal investment. from the sales of the pro- On Wednesday, LVS LVS property sale could be related to perties in Las Vegas could announced that it has be used, as Goldstein had entered into definitive hinted at, on further in- agreements to sell its Macau concession tender: expert vestments in Macau and Las Vegas real property Singapore, Lee said, “I and operations, inclu- RENATO MARQUES don’t think it does. The- ding The Venetian Resort re’s not much to invest Las Vegas and the Sands HE sale of two pro- in Singapore and Macau Expo and Convention Tperties by Las Vegas WEBB SCOTT that can’t be done with Center, for an aggregate Sands Corp. (LVS) on We- debt financing. [This me- purchase price of appro- dnesday might be rela- thod] would be more effi- ximately USD6.25 billion ted to the company’s bid cient and probably safer (about MOP50 billion). for the tender of the new risk-wise.” J.P. Morgan’s gaming gaming concessions in In the statement from industry analyst, Joseph Macau by 2022, the ma- LVS, Goldstein noted that Greff, said that LVS made naging partner of IGamiX Asia remains the “ba- a very good deal on the Management & Consul- ckbone” of the company sale. ting, Ben Lee, has told and that its developmen- “From our perspecti- the Times. ts in Macau and Singapo- ve, this is a great price, “It’s either [related to] re remain the “center of higher than the USD3.7 their cutting all overt ties attention.” billion of the value we with the U.S. to improve “This company is fo- ascribe [and] […] would their chances of getting cused on growth, and we add USD2.5 billion, or a new concession or a see meaningful oppor- USD3.31 of incremental prelude to a total cashing tunities on a variety of equity value per share,” out by the family now fronts. […] We will always Greff indicated in a re- that the patriarch is no look for ways to reinvest port. longer at the helm,” Lee in our properties and The USD6.25 billion said. those communities,” he valuation of the Nevada The gaming industry said, adding that there assets represented al- expert also refuted the the company’s added fo- cluding Macau and Sin- CEO Robert Goldstein are also potential deve- most 13-fold the com- idea that the sale in the cus and investment in gapore, hinted at by the in a statement from the lopment opportunities pany’s 2019 property U.S. could be related to the Asian operations, in- company’s chairman and company. domestically, which the EBITDA value. www.macaudailytimes.com.mo EDITOR-IN-CHIEF (DIRECTOR)_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION ASSISTANT EDITOR_Lynzy Valles SENIOR WRITER_Honey Tsang CONTRIBUTING EDITORS_Leanda Lee, Severo Portela, Sheyla Zandonai ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER Kowie Geldenhuys [email protected] NEWSROOM AND CONTRIBUTORS_Albano Martins, Annabel Jackson, Anthony Lam, Daniel Beitler, Emilie Tran, OFFICE MANAGER Juliana Cheang [email protected] REACHING OUT! Irene Sam, Ivo Carneiro de Sousa, Jacky I.F. Cheong, Jenny Lao-Phillips, João Palla Martins, Joseph Cheung, Julie ADDRESS Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, Zhu, Juliet Risdon, Linda Kennedy, 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] +20,000 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 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 www.macaudailytimes.com.mo page 3 fri 05.03.2021 澳門 MACAU MACAU’S LEADING NEWSPAPER ECONOMIC FREEDOM INDEX SARs excluded from rankings as policies ‘ultimately controlled from Beijing’ LYNZY VALLES The congress is expected to un- veil further measures designed to ACAU and Hong bring Hong Kong’s pro-democra- Kong were dropped BLOOMBERG cy movement to heel. from an economic Meanwhile, Hong Kong’s Fi- freedom index as nance Secretary Paul Chan pushed Mthe Heritage Foundation noted back against the think tank’s de- that their economic policies are cision to remove Hong Kong’s controlled by Beijing. standalone ranking. “When they The Heritage Foundation’s In- arrived at that decision, they must dex of Economic Freedom 2021 have been clouded by their ideo- has removed Hong Kong from a logical inclination and political list that it topped for 25 years until bias,” Chan said during an online 2019. conference, according to Radio Hong Kong and Singapore tra- Television Hong Kong. ded places in the 2020 index for For So, the effect of being remo- the first time ever in its 26-year ved from the rankings is more evi- history, primarily due to a decline dent for Hong Kong than Macau, in the investment freedom score Political and social scien- mal action against them less than to [apply] pressure to see if China as there is more financial business for Hong Kong.
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