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Breaking News: Jopie Ong, Metro big boss has just passed away.
- Thread starter soikee
- Start date
Wat for? Toyota corolla driver standard zaizai one = no standard. Give u 80% also no use. 1 year buy 1 item not more than $10
Another richie rich. Enjoyed the life of a king all his life. Lucky bastard.
58 years ago, I saw you sweeping your store front five-foot way at High Street, Singapore. That was how you started back then. Time, indeed flies. Whatever path we take leads to the same ending. RIP Joop.
This guy was a big time gambler in the past.
He owned his own gambling ship Sun Cruises (got burnt down).
Very colorful character goes around town in his Bentley.
SINGAPORE: Mr Jopie Ong, the group managing director of property and retail giant Metro and the son of its founder Ong Tjoe Kim, died on Tuesday night (Feb 2).
Mr Ong, who was in his 70s, had helmed Metro Holdings since 1973 and was also a member of the Nominating and Investment Committees.
According to Metro Holdings' website, Mr Ong joined Metro in 1964 and was responsible for growing the retail division. He introduced key luxury brands such as Cartier and Piaget into Singapore, and guided Metro to its listing in 1973.
Mr Ong was also previously the chairman of Transmarco Limited, as well as a director of Metrojaya Berhad, a company listed on the Kuala Lumpur Stock Exchange, according to Metro Holdings.
He had also held board positions in the retail, property development, construction, hotel and leisure industries.
Metro
Founded 1953 in Surabaya, Indonesia
1991, reopened in Jakarta, Indonesia
Founder Ong Tjoe Kim
Headquarters Singapore, Singapore
Area served
Singapore
Indonesia
Key people
Winston Choo Wee Leong (Chairman)
Jopie Ong Hie Koan (Managing Director)
Owner Metro Holdings Limited
Website www.metro.com.sg
www.metroindonesia.com
Metro is a Singapore and Indonesia based chain department store selling cosmetics, apparel and fashion accessories. Founded by Ong Tjoe Kim in 1953, Metro currently has 13 outlets located across Singapore and Indonesia.
wake at 11 Bishopgate family home ?
JO's father ong tjoe kim passed away about 6 years ago at aged 98
Casino hopefuls spend millions just to bid - Saturday 12th of March 2005
EVEN before the first dice are thrown, the bidders for the proposed Singapore casino could have spent
about $20 million on their proposals
One local bidder is said to have spent more than US$1 million (about $1.63 million) on his proposal, say sources.
This includes not only his time, but those of architects, draughtsmen and the scale models that were submitted with the bid.
'Being serious bidders, we have to hire architects, draughtsmen, experts and others to stand out from the crowd. These things don't come cheap. Just the scale model will set you back a couple of hundred thousand grand,' said a local bidder.
Other bidders are also likely to have spent around that amount each, added the sources.
With 19 bids said to have been submitted at the end of last month, the money spent so far could add up to $20 million.
'And this is money that has to be spent regardless of whether we win or not. If we are unsuccessful, the money just goes,' added the local bidder.
Among the bidders are some of the world's biggest casino and resort operators.
The Government will decide on 18 Apr whether to allow an integrated resort that includes a casino on either Marina Bay or Sentosa Island.
There is some speculation that it might even approve casinos on both sites.
Most operators appear to prefer the Marina site as its mainland location makes access much easier.
Among those believed to have submitted proposals are:
Las Vegas' Harrah's Entertainment which has put in two bids with Keppel Land
Singapore's CapitaLand in partnership with MGM Mirage and South Africa's Kerzner International for
different sites
Eighth Wonder, Malaysia's Genting International and Star Cruises
Melco International with Publishing and Broadcasting Ltd
New Century Group
Sun International, Tabcorp and Wynn Resorts.
There is also talk that Malaysian tycoon Quek Leng Chan has put in a bid for the Marina parcel and that Metro Holdings chief Jopie Ong submitted a bid with hotelier Ong Beng Seng.
The two unrelated Ongs once jointly owned a casino in Queensland.
The Metro boss also used to run casino cruise ships through the Metro subsidiary, Sun Cruises, from Singapore. The cruise ship venture ceased after its flagship, Sun Vista, sank in the Malacca Straits, 50 nautical miles south of Penang, in 1999.
SEVERAL BIDDERS
Each of the bids is said to involve an investment of at least US$500 million with several bidders said to be willing to splurge up to US$2 billion for an integrated resort facility including hotels and conference halls.
This despite various restrictions, including an entry fee of $100 each time or $2,000 a year for Singaporeans. The casinos also have to ensure that at least half their income are derived from non-gaming operations.
Harrah's, now completing the purchase of Caesars Entertainment, has said that if it wins the bid, its Singapore venture will be its largest ever investment.
Its buyout of Caesars will make it the world's largest casino operator.
Its Singapore proposal is said to be worth some US$2 billion.
The Business Times reported that South Africa-based hotel and gaming company Peermont Global also submitted a bid and that it was looking at investing more than US$2 billion if its proposed plan is accepted.
That amount will be spent solely on the Marina site, which Peermont is looking at.
That these contenders are willing to spend such huge amounts points to the enormous returns that casino operators hope to realise.
American investment banking giant Merrill Lynch has estimated that a mega resort here will bring in $3.4 billion a year in revenue, add $1.4 billion to the Government's coffers in taxes annually, and provide an immediate stimulus for the construction and tourism sectors.
There is also talk that Malaysian tycoon Quek Leng Chan has put in a bid for the Marina parcel and that Metro Holdings chief Jopie Ong submitted a bid with hotelier Ong Beng Seng.
The two unrelated Ongs once jointly owned a casino in Queensland.
The Metro boss also used to run casino cruise ships through the Metro subsidiary, Sun Cruises, from Singapore. The cruise ship venture ceased after its flagship, Sun Vista, sank in the Malacca Straits, 50 nautical miles south of Penang, in 1999.
Metro Holdings group MD, Jopie Ong, dies
Mr Ong joined Metro in 1964 and helped to grow the retail division, introducing luxury brands into Singapore.
The group managing director of retailer and property firm Metro Holdings, Mr Jopie Ong Hie Koan, died last night.
Mr Ong, who was in his 70s, had helmed Metro Holdings since 1973.
He was the son of the late Ong Tjoe Kim, who founded the Metro chain of department stores. He was also a member of the nominating and investment committees.
When contacted by The Straits Times, Metro Holdings confirmed that Mr Ong had died yesterday.
Mr Ong joined Metro in 1964 and helped to grow the retail division, introducing into Singapore luxury brands such as Cartier and Piaget, and guiding Metro to its listing in 1973.
He had also held board positions in the retail, property development, construction, hotel and leisure industries.
Under Mr Ong's leadership, Metro Holdings, founded in 1957 by his father as a textile store, has grown to become a property development and investment group.
The firm has a turnover of $145.8 million and net assets of $1.4 billion as at March 31 last year.
Mr Ong was instrumental in the setting up of Transmarco, a group that dealt in luxury brands, watches and computers, and was previously its chairman.
He also acted as director of Metrojaya, which operated the Metro retail arm in Malaysia, prior to its divestment.
What the fuck does this has to do with everybody? Everyday there are people dying.
This i also agree haha.
But since human life is measure by money, if the person is richie rich, any media will keep harping on it.
This i also agree haha.
But since human life is measure by money, if the person is richie rich, any media will keep harping on it.
finally, you exhibit some intellect from your mouth!
This i also agree haha.
But since human life is measure by money, if the person is richie rich, any media will keep harping on it.
Nobody cares when a peasant dies.
The PAP does. They want to HOTA your organs & if possible keep your CPF funds.
casino junkets love him .
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