Business News Releases

IPA and CMA Sri Lanka sign mutual recognition agreement

THE Institute of Public Accountants (IPA) is pleased to announce the signing of a mutual recognition agreement with the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) commencing May 24, 2019.

CMA Sri Lanka is a full member body of the International Federation of Accountants (IFAC), the South Asian Federation of Accountants (SAFA) and the Confederation of Asian and Pacific Accountants (CAPA). 

“We will provide CMA Sri Lanka technical and educational resources to build their capacity and professional development,” IPA Group chief executive officer, Andrew Conway said.

“This agreement will also lead to the transfer of knowledge and sharing of experiences between both Institutes,” Mr Conway said.

IPA members who are interested in applying for CMA Sri Lanka membership can contact This email address is being protected from spambots. You need JavaScript enabled to view it. and refer to CMA Sri Lanka website at www.cma-srilanka.org for more information.

About the Institute of Public Accountants

The IPA, formed in 1923, is one of Australia’s three legally recognised professional accounting bodies.  In late 2014, the IPA acquired the Institute of Financial Accountants in the UK and formed the IPA Group, with more than 36,000 members and students in over 80 countries.  The IPA Group is the largest SME focused accountancy organisation in the world. The IPA is a member of the International Federation of Accountants, the Accounting Professional and Ethical Standards Board and the Confederation of Asian and Pacific Accountants. 

publicaccountants.org.au

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New Monash Campaign Council chair extends commitment in support of World Mosquito Program

TODAY, Monash University announces the future expansion of Monash University’s World Mosquito Program (WMP), a not-for-profit initiative that works to protect the global community from mosquito-borne diseases such as dengue, Zika, chikungunya and yellow fever, enabled by a transformational donation from the Gillespie Family Foundation.

Currently reaching three million people across 12 countries around the world, the generous donation will help the program to expand its operations to 16 of the top endemic countries for these diseases by 2023 , reduce the ability of mosquitoes to transmit harmful viruses through the WMP’s self-sustaining Wolbachia method, and ultimately help eliminate these mosquito-borne diseases.

Since 2014, the Gillespie Family Foundation has committed their time, passion and financial support to the WMP, which has contributed to eliminating the transmission of dengue in areas of Far North Queensland and the global scale-up of the program.  

WMP director at Monash University’s Institute of Vector-Borne Disease, Professor Scott O’Neill, said, “We are extremely pleased at the program’s success in halting dengue in release areas across Queensland’s Far North, and deeply grateful for the continued support and extraordinary generosity that has been provided by the Gillespie family to the WMP. It will enable the program’s further global expansion and research into natural methods to combat transmission of mosquito-borne diseases.”

The Gillespie Family joins other donors and supporters to the Program who together are enabling the protection of more and more people.

Co-founder of the foundation and one of Melbourne’s leading entrepreneurs and philanthropists, Roger Gillespie OAM, has also been appointed campaign council chair of the largest philanthropic fundraising campaign in Monash University's history, Change It. For Good.

Lesley Gillespie OAM is chair of the World Mosquito Program Philanthropy Advisory Council and Roger Gillespie is a member.

The Change It. For Good. campaign has achieved incredible results so far, reaching the halfway mark of each of its three goals, including $370 million raised towards the goal of $500m, over 26,000 of the 50,000 donor target and the confirmation of more than 100 new bequests.

Professor Margaret Gardner AO, president and vice-chancellor of Monash University, said Mr Gillespie would provide essential leadership in taking these impressive achievements to the next level.

“Roger has a deep understanding of the transformative power of philanthropy," Prof.Gardner said. "For many years, he has been a strong advocate for how we can collectively create positive change. I look forward to Roger’s leadership in driving Monash towards achieving our Campaign goals.”

Roger Gillespie is co-founder of Bakers Delight with his wife and Monash alumna, Lesley Gillespie. Roger and Lesley, along with their children Aaron and Elise and their spouses, Meghan Gillespie and David Christie, founded the Gillespie Family Foundation, which is committed to working for the good of the wider community, through philanthropy, action and advocacy.

www.monash.edu.au

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Hilton celebrates 100th anniversary with 'Acts of Hospitality', a new Foundation and a dynamic launch into its next century

HILTON, the world's first global hotel company and one of the fastest growing in Asia Pacific, celebrates its milestone 100th anniversary on May 31, in the midst of the most dynamic year in the company's storied history.

To mark the occasion, hundreds of hotels around the world, including throughout Asia Pacific, are extending Hilton hospitality beyond their doors by taking 'Acts of Hospitality' to their communities -- everywhere from Sydney to Shanghai and Delhi to Tokyo.

As it looks ahead to its next century, Hilton also announced today the creation of the Hilton Effect Foundation, which will help create a better world to travel by investing in both organisations and people having a positive impact on the communities Hilton serves.

The Foundation is launching this week with 15 grants to organisations that will support 20 communities around the world. These initial grants will support programmes around the globe that are creating opportunities for youth, aiding in disaster recovery, and supporting water stewardship and sustainability.

The Foundation builds on the impact already driven by Hilton through its Travel with Purpose strategy, which seeks to double the company's investment in social impact while cutting Hilton's environmental footprint in half by 2030. Since the inception of Travel with Purpose in 2011, Hilton's team members have performed more than 1.3 million hours of volunteer service and the company has invested tens of millions of dollars in the communities it serves.

As Hilton's primary international philanthropic arm, the Foundation will channel all of the company's financial and in-kind resources to further amplify the Hilton Effect around the world.

Celebrating its 100th anniversary with hospitality and a global Foundation speaks to Hilton's founding vision.

"One hundred years ago, Conrad Hilton had a noble idea that travel can make the world a better place," said Chris Nassetta, president and CEO of Hilton. "That deep-rooted sense of purpose has fueled our transformative impact all across the globe, as we have welcomed 3 billion guests, employed 10 million team members and contributed US$1 trillion in economic impact. And in the years to come, we will do even more to positively change the world through our Hilton Effect Foundation."

Past and Present

Founded in 1919 in the tiny town of Cisco, Texas, Hilton has pioneered the travel industry for decades, introducing room service, air-conditioned lobbies, in-room televisions, airport hotels, the mini-bar, the computerized reservation system, and Connected Room -- the first hotel room allowing guests to unlock their doors and control their lights, thermostat and TV with a smartphone app. Hilton properties even invented the brownie and the pina colada.

Hilton now offers 17 distinctive brands across 113 countries and territories, with more than 5,700 properties and continues to grow with a new hotel opening somewhere in the world every day.

Hilton first entered Asia Pacific in 1963, with the opening of Hilton Tokyo, and recently opened its 300th trading hotel, having grown fivefold in the last decade alone.

Looking Ahead

With one of the industry's fastest-growing pipelines, Hilton plans to expand to more than 20 additional countries by 2020, with more than 2,300 hotels in Hilton's construction pipeline. In Asia Pacific, the company has more than 500 hotels under development across nine different brands and nearly one in every four hotels under construction in the region carries a Hilton flag.

The company's legacy of driving innovations that change the hospitality industry will also continue in 2019 and beyond with the ongoing expansion of the first mobile-centric Connected Room.

As Hilton continues to grow, the communities in which it operates are integral to the guest experience, from team members to local suppliers. Asia itself is home to 60 percent of the world's youth and in recognition that many underprivileged youth may not have the right opportunities, the Hilton Effect Foundation will provide five grants to youth development projects across the region. This includes partnerships with the China Foundation for Poverty Alleviation and the Sichuan Tourism University; the Smith Family in Australia; Playground of Hope in Japan; Magic Bus in India; and the Youth Career Initiative in Vietnam.

The launch of the Hilton Effect Foundation continues Hilton's commitment to Travel With Purpose. Hilton is the first major hotel chain to institute science-based targets for carbon reduction as part of its ambitious 2030 goals, which are aligned with the United Nations' Sustainable Development Goals. Hilton also partners with several soap recycling partners across Asia Pacific, and has sent nearly 10 million bars of soap to communities in need all over the globe as part of its commitment to send zero soap to landfill. These efforts and more led to Hilton being named to the 2018 Fortune 'Change the World' list.

In addition to the Foundation, the hospitality giant has also launched a grassroots service initiative called 'Acts of Hospitality'. Team members throughout Hilton locations around the world are conducting meaningful, simple gestures for others that extend Hilton's hospitality beyond the doors of its hotels and into local communities.

Some of these gestures include; providing fresh bottled water to transport workers in China; creating memorable weekend experiences for families in need in Australia; providing refreshments to volunteer fire response teams in India; building new playgrounds in Japan; plus delivering treats to street cleaners in Indonesia and police volunteers in Malaysia.

Alan Watts, area president, Asia Pacific at Hilton, said, "Our Team Members have been delivering the light and warmth of hospitality in Asia Pacific for more than half a century, displaying that same pioneering spirit that saw the company born a century ago. As we celebrate this remarkable milestone, it's inspiring to see the positive impact we continue to have and the opportunity to shape the next 100 years of travel in the world's fastest growing hospitality market."

From the beginning, the source of Hilton's innovation, purpose and growth has been its team members and leadership. Hilton has been recognized for its exceptional workplace culture and is the first hospitality company in history to achieve the number one ranking on Asia's best multinational workplace, recognized by Great Place to Work.

"Our first century of hospitality has been tremendously meaningful, but I truly believe that now is our time," global CEO Mr Nassetta said. "Hilton is as strong as it has ever been, and our potential to positively change the world grows with each hotel we open and every guest we serve.

"Our 100th year of hospitality is an opportunity to reflect on how far we've come and put a stake in the ground for our future. Conrad Hilton charted an ambitious course for Hilton in 1919, and I think he'd be proud of what we've accomplished so far. In my view, the world's a better place because Hilton was born 100 years ago, and if we do our job right, the world will be a better place because Hilton's in it for the next 100 years."

www.hilton.com

 

About Hilton

Hilton (NYSE: HLT) is a global hospitality company with a portfolio of 17 world-class brands comprising more than 5,700 properties with more than 923,000 rooms, in 113 countries and territories. Dedicated to fulfilling its mission to be the world's most hospitable company, Hilton earned a spot on the 2018 world's best workplaces list, and has welcomed more than 3 billion guests in its 100-year history. Through the award-winning guest loyalty program Hilton Honors, more than 89 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Connect with Hilton on Facebook, TwitterLinkedInInstagram and YouTube

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Four Bs replace 3Rs at school tech-fest at Alexandra Hills near Brisbane

IT WILL BE Bunsen burners, beakers and bots to the fore at Alexandra Hills State High School today when the school hosts students from Holland Park and Kingston state high schools. 

The 60 students will be taking part in a workshop run by the Queensland Minerals and Energy Academy (QMEA), which will test their problem solving and encourage collaboration and complex design thinking. 

“These are the skills needed for the workforce of the future,” said Glencore Coal’s Anthony Exelby, Senior HR Coordinator. 

“Glencore Coal is a proud supporter of QMEA, which encourages students to continue with high-level science technology engineering and maths (STEM) subjects at school so that they enjoy a wider choice of careers in the future,” he said. 

“It’s critical for students to experience the practical application of their classroom studies, while learning about the range of exciting career opportunities that STEM-related subjects can lead to in mining,” said James Palmer, asset president of BHP Mitsubishi Alliance. 

"Our sector is at the pointy end of technology and innovation so it’s important for us to ensure that we have high-calibre people seeking careers with us.”

Alexandra Hills SHS principal Gail Armstrong said she was delighted to welcome the Holland Park and Kingston students to its school.  

“As the location for the QMEA/Alexandra Hills SHS Centre of Excellence in Automation and Robotics, we can offer students special opportunities to explore careers in the resources sector,” Ms Armstrong said. 

“Our students benefit from cutting-edge resources and unique learning opportunities made possible through this schools/industry partnership.” 

The QMEA is a partnership between the Queensland Resources Council and the Queensland Government under its Gateway to Industry Schools program. It has 60 schools throughout Queensland. 

www.qrc.org.au

www.qmea.org.au

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Detached house approvals at lowest ebb since 2013

APPROVALS for new detached houses across Australia have sagged to their lowest level since June 2013, according to  Master Builders Australia chief economist Shane Garrett. 

“Building approvals in April 2019 indicate that the number of approvals for all categories of new dwelling fell by 4.7 percent during the month," Mr Garrett said. "New detached house approvals dropped by 2.9 percent while the volume of approvals for apartments/units saw a 7.2 percent fall. Total approvals are now down by 24.2 percent over the past year.

“Since the beginning of the new home building downturn in late 2017, the bulk of the pain has been concentrated in the high density segment of the market,” Mr Garrett said. 

“With today’s figures now showing detached house approvals at a six-year low, it is ominous that the weakness in new home building is spreading to those parts of the market which are traditionally more resilient during downturns.

“Obviously, these figures relate to the month immediately prior to the federal election and the political uncertainty which was then at play has contributed to the weaker results for April,” Mr Garrett said. 

“Now that there has been a clear conclusion to the federal election, a real opportunity exists to push home building activity back in the right direction. 

“Many significant infrastructure projects have been announced by government over the past year. Speedily converting these announcements into real, visible activity on the ground would provide a major boost to the building industry, the wider economy and confidence more generally,” he said. 

During April 2019, the number of approvals for new home rose in Queensland (+11.3%), followed by the ACT (+7.7%) and New South Wales (4.8%). 

The largest drop in new dwelling approvals affected Tasmania (-19.1%) followed by Victoria (-16.1%). There were also falls in new home approvals in Western Australia (-6.7%), South Australia (-3.3%) and the Northern Territory (-2.0%).   

www.masterbuilders.com.au

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