4 May

Russia: Corvette Boiky Undergoes Sea Trials

first_img View post tag: Boiky View post tag: News by topic Training & Education View post tag: Navy Russia: Corvette Boiky Undergoes Sea Trials View post tag: trials View post tag: Undergoes View post tag: Corvettecenter_img Back to overview,Home naval-today Russia: Corvette Boiky Undergoes Sea Trials October 12, 2012 View post tag: sea The new Project 20380 corvette Boiky built by JSC Severnaya Verf shipyard for Baltic Fleet (BF) is passing sea trials in the fleet’s test ranges…[mappress]Source: Russian Navy, October 12, 2012; Image: Flot View post tag: Naval Share this articlelast_img read more

20 Dec

Panama Seizes Record Amounts of Cocaine

first_imgBy Dialogo September 28, 2010 After a tip from Colombian armed forces, Panamanian police seized three tons of cocaine in operation “Belen 2010” on Panama’s Atlantic coast on September 23. The anti-drug operation took place in Colon when police detected a suspicious speedboat and pursued it, reported Xinhua news agency. Panama’s National Police Deputy Director Edward Serracin announced to the press that after a police shoot out, police managed to intercept the vessel at the mouth of the Concepcion River, but the suspects escaped, reported EFE news agency. The 120 bags of cocaine represented a record amount for Panama’s seizures in 2010, said news sources. But on September 25, authorities from the National Aeronaval Service (Senan) captured another four tons of the drug at a hideout along the country’s Caribbean coast, said EFE. The second seizure, called “Harvest 2010,” was a continuation of “Belen” a day before and took place at the mouth of the Belen River, also near Colon, said Senan spokesman Vladimir Rodriguez to the press. Like in the first case, Rodriguez also announced no one was detained during the second operation. “Senan alone has seized 19 tons of drugs with the last quarter of 2010 still to come, and has already exceeded the 17 tons confiscated last year,” Rodriguez said to reporters. Operations Belen and Harvest together represent the largest seizures in Panama so far in 2010, raising the total amount of seized drugs to 79 tons, reported EFE.last_img read more

29 Sep

Joseph Mariathasan: China’s evolving ESG standards

first_imgCredit: Peggy and Marco Lachmann-AnkeAir pollution in Shanghai, ChinaThe major changes started in 2016 when China signed the Paris Accord. The 18th National Party Congress also made the “establishment of an ecological society” a strategic development goal, and laws were passed regarding energy conservation, water management and environmental protection.By 2020, all public companies in China will be subject to a “disclose or explain” requirement for environmentally related information and a carbon market is expected to launch in the same year.One point that Li emphasised was that decision making in China was driven from the top – for better or worse.Companies are given very little time to prepare for what could be drastic changes to their regulatory environment. As environment-related policies are introduced and anti-pollution initiatives are implemented by the central government, companies with pre-emptive practices and corporate strategies tend to be better prepared for transitional risks. There is certainly far to go as currently 86% of A-shares companies rated by MSCI fall below BBB, the mid-point for MSCI’s ESG ratings.Improving standardsThere are a number of challenges that investors face when it comes to improving ESG scores. The scope and quality of ESG-related information disclosure among Chinese-listed companies is sub-par. However, it appears that regulators are in the process of providing a standard framework for company disclosures.Company awareness of sustainability issues is also low, but getting better. Many public companies, Li said, have indicated an interest to learn more and improve on their corporate sustainability. China and the concept of environmental, social and corporate governance (ESG) conscious investing seem at first to have nothing in common.Air pollution in cities such as Beijing and Shanghai has been in the headlines for decades, while social and corporate governance issues are not what investors would assume Chinese companies would prioritise.However, interest and developments in ESG themes in China has, over the past few years, experienced a step change in importance. Robert Li, who heads the ESG team at China Asset Management Company (China AMC), one of the leading managers in China, gave a fascinating description of the developments at IPE’s annual conference in Dublin last week.What has driven interest in ESG in China, he argued, has been rising living standards. As Chinese GDP per capita approaches $10,000 (€8,823), environmental protection has become a critical way of improving quality of life, as income levels in top-tier Chinese cities approach those of their developed market peers. Beijing’s smog has been obvious to all for many years, but there have been significant improvements in air quality and water stress metrics in recent years due to social and government attention. center_img Source: Patrick FrostRobert Li of China Asset Management addresses last week’s conference, with Joseph Mariathasan, IPE, and Yan Hu, member of Vermilion Partners’ advisory boardA major problem that China AMC has found with external ESG ratings in China is that the quality of the information used in ratings can be poor. ESG rating agencies are regularly working with outdated information, while senior management often never receive emails as contact information is outdated. Getting accurate data for Chinese companies will require in-depth research beyond superficial scorecards.Li also argues that, due to a variety of historical and cultural reasons, the concept of a ‘stewardship code’ has yet to proliferate in China.Environmental issuesOn the positive side, the top-down drive to improve quality of life in China is driving companies to take environmental issues more seriously.Li said ESG improvements would likely come from two areas: enhancing information disclosure, which can quickly help companies improve ESG scores (the low-hanging fruit); and fund managers such as China AMC engaging with companies on ESG issues. This includes corporate governance, which he said would help to establish sustainable corporate strategies and practices that enhance profitability and support valuations.As China’s equity markets become a more important part of international portfolios, it is incumbent on investors to work alongside domestic Chinese fund managers such as China AMC to actively engage with companies to improve sustainable business practices. The fact that so much progress has been made bodes well for the future – even if there is still a long journey ahead.last_img read more

17 Sep

Zone-buster Nicky Galasso looks to continue high-volume scoring in NCAA tournament

first_imgIt’s all been well-documented. The standout freshman season at North Carolina, the injuries, the senior season resurgence.Nicky Galasso’s path through college lacrosse is interwoven in success, frustration and relief. But with no more than four games left in his career, the storylines have thinned. It’s tunnel vision for the fifth-year midfielder looking to avenge his team’s early exit in last season’s NCAA tournament.“Last year we lost in the first round and that’s pretty unheard of with Syracuse,” he said. “We’re just excited to get Marist.”Galasso is riding a three-game streak with three or more goals, the longest such run of his five-year journey in college. As opposing defenses have recently slowed the Orange down with zones early in games, it’s been Galasso to come in from the midfield and find the seams to exploit those zones.And starting on Sunday night, especially if the Red Foxes come out without a man-to-man, Galasso will rely on his recent effectiveness to jumpstart second-seeded SU (12-2, 2-2 Atlantic Coast) against Marist (14-3, 6-0 Metro Atlantic Athletic) in the second round of the NCAA tournament.AdvertisementThis is placeholder text“Nicky’s a great player and he’s been doing that all season,” fifth-year midfielder Henry Schoonmaker said. “…so I think it was pretty easy for him to pick apart the defense and get the shots that he always gets.”Against North Carolina in the ACC tournament semifinals, Galasso kept Syracuse afloat with three of the team’s five first-half goals while the Tar Heels slowed down the rest of the Orange with a zone. Facing Colgate last weekend, it was Galasso who overcame the Raiders zoning SU’s first-line midfield to score the game’s final two goals in a 9-7 win.He found an opening from 10 yards out in between two defenders and slotted the ball top right. Then to give SU its first cushion of the day with minutes remaining, he put the ball in the same spot in between two defenders again from distance.“He’s a great shooter and he has an awesome feel for the game,” Kevin Rice said.In last year’s first-round loss to Bryant, Galasso scored two goals but the Bulldogs stifled SU with a zone and slowed down the pace of the game. Marist zoned Bryant in its play-in game on Wednesday, but SU head coach John Desko said the Red Foxes have done a good job varying their defensive sets this year.If the Orange does see a zone on Sunday, the formula to beat it isn’t too complicated now that the Orange is fresh off knowing what it takes to beat one.“I think just patience and finding the holes,” Schoonmaker said. “I think those are two main things that we have to do a little better, just figuring out where the holes in the defense are and then being patient and waiting for those to pop up.”It’s something Galasso has done effectively, and something that may be the key to finally putting one of Syracuse’s worst tournament losses ever in the past 364 days after the fact.But before the Orange can move onto the quarterfinals of the NCAA tournament, it may have to execute against a defensive scheme that has at times been a weakness as of late.“Once we put that first goal in, that’s when things are going to start flowing for us,” Galasso said. “We just have to listen to the schemes and everything that’s going on with the coaches.“They’re setting us up for greatness.” Comments Published on May 10, 2015 at 9:08 am Contact Matt: [email protected] | @matt_schneidman Facebook Twitter Google+last_img read more