This year’s Meeting & Incentive Forums will be held in Šibenik

November 18, 2020 0 Comments

first_imgLocated in the heart of Dalmatia, Šibenik is a combination of history, architecture, beaches and a relaxed Mediterranean way of life. Participants will have the opportunity to experience the city center of Šibenik, the natural beauty of the Krka National Park and sail to nearby islands such as Zlarin. Participants will get to know the natural beauties of Šibenik by visiting the Dalmatian ethno village, the Barone Fortress and the En Vogue beach. The organizers have announced that they will announce the main dates for the events that will take place in Šibenik next year. Amadria Park Šibenik After the success of last year’s conference in Dubrovnik, “Meeting & Incentive Forums” is bringing its network of experts to Croatia again. The world-famous conference will be held from 19 to 22 June 2019, in Šibenik’s Amadria Park hotels. The gathering will be held in the newly opened Convention Center Šibenik Amadria Park Hotel, whose largest hall can accommodate up to 1.500 people. Amadria Park hotels are located near the airports of Zadar and Split and are surrounded by beaches with a total length of four kilometers. M&I Forums will bring together over 220 European clients who will have the opportunity to meet 180 leading global suppliers in individual meetings and participate in various business activities during the three days of the conference. The organization of the “M&I Forum” in Amadria Park is a unique opportunity to promote Šibenik, the oldest Croatian city on the Adriatic. Eleven congress halls of the Convention Center Šibenik are located on 6 thousand square meters, and in addition to congress tourism, Amadria Park with its five hotels in Šibenik, and almost 1.500 rooms, provides tourist, experiential and business experience. RELATED NEWS: “M&I Forums” has been gathering a network of experts since 2006 and encourages cooperation in the congress industry. Their networking program, which comprises more than 130 forums around the world, has positioned them as world leaders in the field of organizing B2B meetings in the MICE (Meetings, Incentives, Conferences and Exhibitions) industry, which we commonly call the Congress. CONVENTION CENTER ŠIBENIK RECEIVED CERTIFICATE OF PRESTIGIOUS BRITISH PLATFORM HEALTHCARE VENUESlast_img read more

IASB mulls targeted project to tackle IAS 19 treatment of hybrid plans

September 29, 2020 0 Comments

first_imgThe International Accounting Standards Board (IASB) has tentatively signalled plans to launch a research project to investigate the chances of developing a fix for the ‘accounting mismatch’ problem produced by so-called hybrid pension plans.This effort will fall far short of a wholesale reconsideration of its employee benefits standard, International Accounting Standard, IAS 19.Instead, IASB members said they would prefer to put their efforts into developing an accounting model to address plans where the benefit promise varies with the level of returns on specified assets.Eric Steedman from consultants Willis Towers Watson welcomed the move. “This workstream makes no pretence of being a complete fix to problems the IASB first took up 12 years ago but has potential to mitigate one of the most troubling inconsistencies that can arise,” he said. Aon Hewitt consultant actuary Simon Robinson added: “Previous attempts such as IFRIC D9 have failed because they highlight that a fundamental review of IAS 19 would be required.“My initial take on this announcement is that it makes a certain amount of sense to make it quite a narrow scope change in this area. It seems like a pragmatic way to deal with a very specific issue.“I would guess it is aimed at countries like Switzerland rather than the UK, and might well just clarify that the typical Swiss approach used currently is a reasonable interpretation of the standard.”A total of nine board members supported the proposal to mount a limited scope research effort into pensions.A poll of board members showed no support for a broader look at pensions accounting issues.Staff will now approach the IASB’s IFRS Advisory Council for comments ahead of finalising their work plan.If the project goes ahead, the work could start in 2017, staff said.The staff recommended against any further research on other aspects of accounting for post-employment benefits.The decision comes in the wake of the board’s formal agenda consultation exercise.Driving the demand for action among constituents is the concern that numbers produced under IAS 19 are unreliable.Staff explained that actuaries have been qualifying their IAS 19 valuation reports on the basis that they believe the resultant values are grossly misleading.For example, the South African Institute of Chartered Accountants argued that IAS 19 produces bigger deficits than economically exist.IOSCO is concerned “recent developments in employee benefit promises do not fit well within the existing accounting requirements”.Board members, however, were muted in their support for the move.Mary Tokar said: “We should do nothing rather than pursue the alternative you identified. We have tried several times to have a surgical approach on only hybrid plans. We have not succeeded. We should just cut our losses.“As soon as we start talking about the accounting mismatch between [the] obligation and [the] discount rate, we’ll get people who are not in hybrid plans saying, ‘Well, we have an accounting mismatch, too’.”Her colleague Stephen Cooper added: “It would be completely unacceptable for us to do nothing on this. This has been a problem for so many years. [For] the jurisdictions it does affect, this really annoys them. It is a problem with IAS 19.“It is illogical to compound at one rate and discount at a different rate, and you get a stupid answer. I don’t think we can defend IAS 19 and say it is the right answer.”Cooper added: “I didn’t like this capped-return model when it was first suggested because it ignores the time value of the options. I accept it solves one problem, which is to get the cashflows consistent with the discount rate.“And it solves the problem of the liability’s being overstated at the moment as a result of that incorrect discount rate.”Separately, it emerged that staff have no plan to carry out a post-implementation review of the 2011 changes to IAS 19.Meanwhile, as to the board’s likely work on discount efforts, IASB director Peter Clark said: “A further question is whether we would do either a general project or … any targeted project.“Our general assumption is the board is unlikely to want to take on standard-setting projects at this stage solely on discount rates.”last_img read more

Cape Town’s tourist harbor now shipwreck graveyard

September 27, 2020 0 Comments

first_imgA famous Cape Town tourism hot spot has become somewhat of a sunken graveyard for ships as wrecks begin to pile in the busy harbour. Hout Bay Harbour is one of Cape Town’s tourism jewels and thousands come each year to soak up the seaside atmosphere or take a leisurely trip on a ferry. Its big attraction is seal island which is inhabited by thousands of cape fur seals and is a big hit with tourists but unfortunately Hout Bay has seen better days. Thats because the around 17 ships are wrecked inside the habour,some half submerged others fully,all though a potential dangerThe wrecks are clear to see and some are scattered around busy passage ways in the harbor,others seem to face the same fate in the near future. They been building up over the years,some even on top of each other,some have fallen victim to bad weather but most to crime“The wrecks are a bad thing because they are,apart from being unsightly they a navigation hazard,specifically a pollution hazard,they always leak various fluids into the sea and most of the tourists come here to see the wildlife and obviously if wildlife is affected,tourism will drop off.” Robert King, Skipper/Nauticat ChartersHout Bay harbor’s wrecks may be a sight for soar eyes but they could also harm the local economy,if the nearby seal pollution if affected.For now though,wildlife continues to make Hout Bay a big tourism draw card and with the peak holiday season fast approaching,the wrecks are for the time being seen,as just a minor inconvenience.last_img read more

Bailey: Syracuse, Pittsburgh carry underperforming ACC early in conference play

September 17, 2020 0 Comments

first_img Published on January 17, 2014 at 4:34 am Jim Boeheim, Jamie Dixon and Mike Brey shared an exchange while traveling together this summer.The three Big East coaches who would lead their respective programs into the highly touted Atlantic Coast Conference — the same one Duke head coach Mike Krzyzewski said could be the best of all time — planned to send a message in their first season.They were going to be competitive and consistent.“There’s probably a little bit of pride getting in the league and kind of establishing yourself right away,” Brey said during the ACC coaches’ teleconference on Monday. “I know for us personally, that’s something we talked about all summer.”So far, No. 2 Syracuse (17-0, 4-0 ACC) and No. 22 Pittsburgh (16-1, 4-0) have lived up to that pact, while Brey’s Notre Dame has been crippled by the loss of leading scorer Jerian Grant due to an academic issue. On Saturday at 4 p.m., the Orange will host the Panthers in a matchup of the ACC’s only two teams still unbeaten in conference play.AdvertisementThis is placeholder textThey’ve throttled their competition early, as the traditional ACC powers — No. 23 Duke and North Carolina — have fallen 10 times, including seven to unranked opponents. The Orange and Panthers have barely had any close calls, with none of their wins coming by fewer than five-point margins. The Blue Devils and Tar Heels have combined for just one double-digit win in conference play.“When the ACC went out to add teams, I think their mission was to get the best basketball teams they could,” Dixon said during the teleconference. “And Syracuse and us, I think we were one in the last 10 years by a pretty good margin and they were, too.”Only two weeks into the ACC season, the two Big East transplants are doing all they can to save the group from being atrociously bad. Still, it’s just the fifth-best conference in the nation by Ratings Percentage Index, and is 11-21 against the Associated Press Top 25 teams this season.If the Blue Devils weren’t the Blue Devils, they wouldn’t even be ranked. And a one-dimensional North Carolina team that came into the Carrier Dome last weekend will have trouble going anywhere shooting 30.6 percent from the 3.“Over time, Duke and North Carolina have been pretty doggone good and have stood the test of time,” said UNC head coach Roy Williams during the teleconference. “Whether this is a bad year or a bad month or a bad week or two bad games, who knows?”Syracuse has relied on a balanced offense and an increasingly stingy 2-3 zone. The strong backcourt play from Tyler Ennis and Trevor Cooney has exceeded expectations, and C.J. Fair has been as reliable as any player in the country in crunch time.From Baylor to St. John’s to Miami to Boston College, every time an opponent has challenged the Orange, it’s protected the target on its back.Even when it doesn’t come easily, Fair said, SU has found a way — like against the Eagles. “You don’t want to force anything because your back’s against the wall, but you don’t want to play desperate,” Fair said after Monday’s game. “We found a way and we got stops when we needed it.”Pittsburgh hasn’t dealt with quite as many nail-biters. The Panthers have not faced a ranked team, and their closest margin of victory came in their 81-74 win over Georgia Tech on Tuesday.Still, despite a strong schedule outside the top 100, Pitt has leaned on uber-efficient forward Lamar Patterson. The senior has the highest raw offensive efficiency among players who are used in at least 24 percent of possessions, according to KenPom.com.The senior has slimmed down and padded his patience, and is a large reason why Pitt leads the ACC with 48.8-percent shooting as a team.“It’s been constant since his freshman year,” Dixon said. “The body wasn’t where it needed to be, and we finally reached it. You wish you could do it overnight and have a chance his freshman year, but he’s seeing the results, we’re seeing the results and he’s a good example for younger players.”Together, the Orange and the Panthers are keeping the ACC afloat in a deep national landscape.The start of the ACC schedule is comparable to Jim Halpert’s start in Stamford, Conn., on “The Office.”After a heartbreaking departure from a long and valued relationship, Jim moves in to the new office, quickly gets the best looking girl there and casually becomes the boss’ favorite employee. Fellow salesman Andy Bernard watches as the new guy in town takes his non-squeaking chair. His rage gradually builds up to the point of unleashing an angry tantrum and punching a hole through a wall.Syracuse and Pitt are Halpert. The rest of the ACC is Andy Bernard. Comments Facebook Twitter Google+last_img read more