ICAO Conflict Zone Task Force Winds up Opening Discussions

​MONTRÉAL, 15 August 2014 – The International Civil Aviation Organization (ICAO) concluded today the first two‐day meeting of its rapidly‐assembled Task Force on Risks to Civil Aviation arising from Conflict Zones (TF RCZ). The special group was convened in the aftermath of the downing of Malaysia Airlines Flight MH17 to refine the roles and procedures relating to the mitigation of conflict zone risk in civilian airspace.

 

Day one of the meeting was opened by ICAO’s Council President, Dr. Olumuyiwa Benard Aliu, who highlighted the global context of the MH17 accident and the unique challenges it set out for the Task Force’s State and industry participants.

 

The first day of meetings also saw the Flight Safety Foundation’s David McMillan elected as Task Force Chairman, who subsequently guided more specific discussions on the target outcomes to be pursued.

 

“We’re looking for urgent, practical measures to address these new risks,” McMillan stressed.

 

Some of the practical measures under discussion included possible methods whereby States could both refine and share the various types of information needed to support more comprehensive conflict zone risk assessments. Proposals for the consideration of industry players included the development of more detailed requirements relating to conflict zone warning criteria.

 

“Aviation’s first priority is always the safety of the passengers and crew who count on our global network to carry them rapidly and reliably, anywhere in the world,” stressed ICAO Council President Aliu. “While the circumstances of the loss of MH17 present some very complex challenges, for States particularly but also for airlines, airports and air navigation services providers, I have been very encouraged by the range of ideas presented and am confident that the ICAO Council will be reviewing some mature Task Force proposals when it reconvenes later this year.”

 

The TF RCZ will be meeting again on 25‐26 August for its second round of talks and ICAO is aiming to deliver the group’s preliminary findings to the 203rd Session of the UN body’s 36‐State Governing Council in October 2014.

 

 

Resources for editors:

 

ICAO, IATA, ACI, CANSO 29 July Joint Statement on Risks to Aviation arising from conflict Zones.

Applicable releases and 29 July press conference video in the ICAO Newsroom.

The Top 5 Rules of Social Media Etiquette

NEW YORK, Aug. 16, 2014 /PRNewswire/ — Social media is quickly becoming a direct means of driving company revenue, but the ways that brands can earn attention authentically on these platforms is still largely misunderstood. Even as social e…

RICS Supports Adopting Thermal Technologies for Tree Inspection

Put an end to tragic cases of fallen trees wounding citizens

HONG KONG, Aug. 15, 2014 /PRNewswire/ — The Royal Institution of Chartered Surveyors (RICS) is aware of trees falling and causing significant injury or even casualties in Hong Kong, and suggests speeding up the adoption of thermal technology for the inspection of trees to protect public safety.

The existing tree inspection procedures involves normal visual inspection first, and if a problem is spotted by the eye, to proceed with sonar detectors or micro-drilling resistance tests. However, these measures are not able to fully measure internal problems of diseased trees, which in turn can lead to trees falling and causing tragedy once again. RICS proposes adopting a tree inspection method used in the U.K. which uses thermal imaging to identify if there is imbalanced heat emissions from the tree. The thermo image upon interpretation by experts would then signify that the tree may be unhealthy from within. Thermal imaging can work at a reasonable distance and can effectively examine trees high above the ground, and ultimately compensate for deficiencies in the existing visual inspection method.

Cheng Wai Pun, Chairman of the RICS Hong Kong Geomatics Professional Group Committee mentioned, “In recent years, several cases of fallen trees in Hong Kong have led to casualties. The government should accelerate the adoption of effective new technologies in tree inspection procedures and solutions. Not only will this help prevent tragedies from happening again, but also strengthen the overall management and maintenance of trees, which then ensures healthy trees and a safer Hong Kong for the public.”

About RICS & RICS Asia

RICS is the world’s leading qualification when it comes to professional standards in land, property and construction.

In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism.

Over 118,000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members.

RICS is an independent professional body originally established in the UK by Royal Charter. Since 1868, RICS has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.

The RICS Asia supports a network of over 18,000 individual professionals across the Asia Pacific region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members.

The RICS Asia region covers national associations and local groups locating in Brunei, Japan, Malaysia, Singapore, Thailand, The People’s Republic of China and the Hong Kong SAR. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Kiribati, Laos PDR, Macao SAR, Mongolia, Nepal, North Korea, South Korea, Taiwan, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit: www.ricsasia.org.

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BAIOO Family Interactive Limited Releases Supplement Information for 2014 Interim Results

HONG KONG, Aug. 15, 2014 /PRNewswire/ — BAIOO Family Interactive Limited (“BAIOO” or the “Company”; stock code: 2100), China’s largest online entertainment destination designed for children, provided the following explanation about the impact on its 2014 First Half Results of the existence of its convertible redeemable preferred shares until April 10, 2014.

In its Announcement published on August 14, 2014, the Company, under IFRS accounting standards, reported a fair value loss of RMB327.7 million on its convertible redeemable preferred shares for the six months ended 30 June 2014 due to the continued increase in the equity value of the Company.

After the Company’s IPO on April 10, 2014, the convertible redeemable preferred shares were converted into common shares of the Company and ceased to exist.

As a result, from this date on, the need to record adjustments for gain(s) or loss(es) in fair value has ceased to exist and no such adjustment will impact the Company’s results for the second half of 2014.

This is why the Company has chosen to focus on its adjusted net profit (up 20.7% year over year) as management believes it better reflects the fundamental performance of the business, currently and going forward.

Fair value Loss of convertible redeemable preferred shares does not result in any forms of cash payment or payable to any parties.

About BAIOO

The Company operates the largest online entertainment destination designed for children as measured by revenue in 2013. Its web portal page, 100bt.com, is a centralized platform for interactive children’s content through which users can access all six of its virtual worlds and entertainment, e-learning and other products and services using one registered account. Representing its core brand values of “Dreams, Friendship and Development,” BAIOO’s virtual worlds and their characters have gained strong awareness among children and parents in China. As the leading provider of interactive online content for children in China, the Company has accumulated an extensive knowledge base and deep understanding of children’s behavior and needs with respect to online activity and consumption. Through BAIOO’s commitment to create a safe and fun environment with age-appropriate content and its understanding of children’s needs, the Company’s products and services have gained the trust of parents and regulators. Leveraging the Company’s competitive strengths, BAIOO plans to pursue a variety of growth strategies, including increasing its addressable market, expanding its online product offerings, strengthening its brand, and continuing to execute its mobile strategy. The Company also intends to leverage its strong brand recognition, expertise in the industry and unique product development and operating model to expand into new international markets over time and is committed to maximizing shareholder value over time.

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