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Cooperation Fund to Be Headquartered LI KEQIANG CONFIDENT CASINO LEADERS BACK LAS The Premier of China left to LOCAL VEGAS STADIUM PROPOSAL Beijing saying that Macau FITNESS Steve Wynn and Jim Murren gave will play an increasing role INDUSTRY speeches to Nevada lawmakers in connecting China and the GROWING arguing for a proposed NFL stadium Portuguese-speaking countries and a convention center expansion P5 P7 MDT REPORT P9 THU.13 Oct 2016 T. 21º/ 28º C H. 70/ 95% facebook.com/mdtimes + 11,000 MOP 7.50 2662 N.º HKD 9.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo “ THE TIMES THEY ARE A-CHANGIN’ ” MINISTERIAL CONFERENCE Cooperation Fund to be headquartered in Macau P2,3,5 WORLD BRIEFS LAJES AIR BASE, AZORES AP PHOTO JAPAN Toyota Motor Corp. recalls 340,000 gas- electric hybrid Prius cars around the world, 212,000 of them in Japan and 94,000 in North America, for a defect in their parking brakes. Toyota acknowledged receiving reports of crashes, injuries and deaths. More on p9 AP PHOTO HONG KONG A swearing- in ceremony to kick off the legislative session descends into farce as newly elected pro- democracy lawmakers intentionally mangled their oaths in a show of defiance against Beijing. The new crop of lawmakers, elected last month amid swelling anti- China sentiment, object to the oath’s requirement to pledge allegiance to the “Special Administrative Region” and its Basic Law constitution. More on p11 PHILIPPINES The Philippine president says he has instructed his defense chief not to prepare for joint exercises China plans to expand its with the U.S. military next year as he moved to realize his threat to remove the highest-profile P10 symbol of his country’s global reach to Azores treaty alliance with Washington. More on p11 More on backpage 13.10.2016 thu th Anniversary 2 MACAU 澳聞 WWW.MACAUDAILYTIMES.COM.MO RENATO MARQUES RENATO Group photo Jackson Chang MINISTERIAL CONFERENCE and the Chinese company Chi- na Three Gorges Corporation, adding that the country will fo- cus on the tourism sector going New role: A platform for forward. In June 2017, a new direct air route between Beijing and Lisbon will open, linking Shanghai and Portugal in a de- financial cooperation velopment that is expected to influence international com- merce. Renato Marques to invest in Chinese territory, authorities in Portuguese or The Portuguese government including Macau, through a Chinese, like here in Macau,” reaffirmed its interest in the HE final event of yester- Macau can Cooperation Fund. In addi- said Pereira adding that “this field of startups and new tech- Tday’s Fifth Ministerial Con- tion, trade is expected to im- city represents the intersection nologies, with Cabral highli- ference of the Forum for the assume the prove due to the creation of between west and east being ghting the “Web Summit” that Economic and Trade Coopera- the “Three Centers” that will characterized like a synthesis of will take place at Lisbon this tion between China and Portu- role of the support small- and medium- values and ideals.” November and in the coming guese-speaking countries was clearing house sized enterprises, food product The Brazilian official also three years. an entrepreneur conference fo- distribution, and the Exhibition remarked that with this new The minister added that the cused on financial transactions for transactions and Convention sector. path drawn by the Forum, the “global scale event will count between China and the Portu- Speaking about the agreement previous situation of “misre- approximately 5,000 partici- guese-speaking countries. made in RMB that officially launched the presentation [of Brazil] in the pants from across the world.” In the keynote speech during China-Portuguese-Speaking international commerce” wou- The President of the Portugal’s the morning session at the Ma- between Countries’ Federation of Entre- ld be replaced by the current Global Trade Investment Agen- cau Tower Convention Centre, China and the preneurs – the signing of whi- “clear signs that we will actively cy (AICEP), Miguel Frasquilho, President of the Macao Trade ch also took place during the and decisively search for new also highlighted Macau’s ability and Investment Promotion Ins- Portuguese- morning session – Chang said, markets.” to train “quality talent” in its well titute (IPIM) Jackson Chang “I trust that this initiative will He explained that this change -known Portuguese universities. highlighted the new role Macau speaking further reinforce the mutual would be accomplished by pro- In his speech, Frasquilho fo- has to play as a well-known pla- cooperation and exchanges, moting a significant decrease in cused on the need to establish tform. countries. and bring new business oppor- regulations and bureaucracy, partnerships at different levels, tunities.” which are requirements of Bra- and announced that the new “In the future, cooperation JACKSON CHANG in financial matters will be an IPIM PRESIDENT The region’s unique status zilian international commerce. Portuguese Consulate in Guan- important component of the re- was eloquently expressed in During the session, the Minis- gzhou will have an office from lationship between China and tween China and the Portugue- the speech of the Minister of ter of Economy from Portugal, AICEP (like Macau) to provide the Portuguese-speaking coun- se-speaking countries”, an idea Industry, Trade and Services Manuel Caldeira Cabral, recal- proximity support to entrepre- tries,” Chang said. put forth during the first day of of Brazil, Marcos Pereira. He led the success of several measu- neurs and potential investors. The IPIM president also recal- the Forum. highlighted the ease of access res implemented by the Portu- Another major moment in led that in the past decade, the According to Chang, RMB to legal consultancy services in guese government in the last few the extensive session was the territory has developed several transactions yielded turnover both Portuguese and Chinese years, namely the “gold visas” signing of several agreemen- services related to transactions of RMB7.6 billion in 2015, whi- languages, remarking on the that grant non-European Union ts, specifically the unveiling of in the Chinese Yuan (RMB). ch represented year-on-year region’s capabilities as a “mee- residents a point of access to the a plaque to commemorate the This history led him to remark growth of 15 percent. ting point”. country via investment. official establishment of the that “Macau can assume the These new financial services “I have no knowledge of ano- He also mentioned the part- China-Portuguese-Speaking role of the clearing house for enable companies from the ther place in the world where nerships between the Portu- Countries Federation of Entre- transactions made in RMB be- Portuguese-speaking countries we can petition to the judiciary guese electric company (EDP) preneurs. www.macaudailytimes.com.mo DIRECTOR AND EDITOR-IN-CHIEF_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION MANAGING EDITOR_Paulo Barbosa [email protected] CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER + 4 Million page views Kowie Geldenhuys [email protected] DESIGN EDITOR_João Jorge Magalhães [email protected] | NEWSROOM AND CONTRIBUTORS_ SECRETARY Denise Lo [email protected] PER MONTH Albano Martins, Annabel Jackson, Daniel Beitler, Emilie Tran, Grace Yu, Irene Sam, Ivo Carneiro de Sousa, Jacky I.F. Cheong, ADDRESS Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, Jenny Lao-Phillips, João Palla Martins, Joseph Cheung, Julie Zhu, Juliet Risdon, Lynzy Valles, Renato Marques, Richard MACAU SAR Telephones: +853 287 160 81/2 Fax: +853 287 160 84 Whitfield, Rodrigo de Matos (cartoonist), Ruan Du Toit Bester, Sandra Norte (designer), Viviana Seguí | ASSOCIATE Advertisement [email protected] Thank You! CONTRIBUTORS_JML Property, MacauHR, MdME Lawyers, PokerStars | NEWS AGENCIES_ Associated Press, For subscription and general issues: [email protected] | Printed at Welfare Printing Ltd +11,000 like us on facebook.com/mdtimes Bloomberg, MacauHub, MacauNews, Xinhua | SECRETARY_Yang Dongxiao [email protected] SEND NEWSWORTHY INFORMATION AND PRESS RELEASES TO: [email protected] WEBSITE: WWW.MACAUDAILYTIMES.COM.MO thu 13.10.2016 th Anniversary MACAU’S LEADING NEWSPAPER 澳聞 MACAU 3 MINISTERIAL CONFERENCE Development and Cooperation Fund headquarters relocated to Macau Renato Marques on a possible timeline for reloca- closer proximity with potential sector,” he said. tion. users. In response to questions about HE Fund for Develop- The secretary noted that the re- The secretary also noted that whether the territory could pro- ment Cooperation be- location means that Macau has the Macau platform will have a vide sufficiently qualified labor tween China and the MARQUES RENATO been entrusted with a very im- new role in the financial services to face a possible increase in de- Portuguese-speaking portant role in connecting entre- sector. The platform will facilita- mand within the finance sector, TCountries – officially set up in preneurs with the fund. This con- te the conversion and clearance Secretary Leong remarked that 2013 with USD1 billion in fun- tact is currently dependent on a of RMB currency exchanges, and the transition would rely on the ding – will move its headquar- mediator provided by the Macao the transactions will be assigned successful initiation
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