Daily Archives: January 15, 2020

Trip.com Group collaborate with British Airways and Iberia on NDC Standard

Successful launch of Short Haul and Long Haul Additional Price Points Available for British Airways and Iberia Flights on Trip.com

British Airways

British Airways

SHANGHAI, China, Jan. 15, 2020 (GLOBE NEWSWIRE) — Trip.com Group have strengthened their partnership with British Airways and Iberia by connecting to the New Distribution Capability (NDC) and look forward to more win-win NDC collaborations in 2020.

The NDC partnership facilitates priority access to a richer and a more complete inventory from the airline as well as transparency of the shopping experience on Trip.com. It offers the travelers better content on both British Airways and Iberia flights with additional fare options on Long Haul and Short Haul Additional Price Points (LHAPP and SHAPP).

Since the partnership launch mid-2019, Trip.com has expanded the product offering, adding premium cabins and ancillaries. The first six months generated over GBP2.5million bookings on the API alone.

Trip.com Group, a leading one-stop travel service provider focuses on offering high-quality services and providing innovative solutions. Trip.com Group has gathered experience and technology, working on NDC projects since 2016, and its pioneering experiences in the industry can provide partners an up-to-date analysis and tailored solutions.

Trip.com Group has launched travel services on its Trip.com platform in 19 languages, and its far-reaching flight network has over 2 million individual flight routes connecting more than 5,000 cities around the globe. The NDC partnership enriches customer choices of air ticketing among the utilised services on the platform for overseas users, including rail ticketing, hotel reservations, car rentals and the in-destination services.

Ooi Chee Teong, Senior Director of Flight Ticket Business at Trip.com: said “We are delighted to be collaborating with British Airways and Iberia on the NDC program, and looking forward to working with them going into 2020 as our roadmap brings new features and improvements within the NDC channel. Features such as branded fares, shopping improvements and post booking support.”

“British Airways, Iberia and IAG are investing into NDC solutions and we are excited to be partners on this journey.” Senior Director Ooi added.

Rogier van Enk, British Airways’ Head of Distribution, said: “We are delighted to join forces with Trip.com signifying yet another milestone in our journey to enhancing and improving our distribution offering for customers. At the end of 2019, British Airways and Iberia achieved the International Air Transport Association (IATA) NDC Certification NDC @Scale status. The partnership is a testament to our commitment to driving mass NDC adoption and proves that the BA solution works, and is robust and scalable.”

Cliff Trotta, Iberia’s Head of Commercial Distribution and Planning commented: “Our connection with Trip.com has been built on NDC from the ground up and it has been a success from the very first day with a growing number of segments month after month. It is further proof that our exclusive NDC products are in demand and that our NDC infrastructure can scale perfectly.”

About Trip.com Group:
Trip.com Group is a leading one-stop travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through the aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003, Trip.com Group has become one of the best-known travel brands in the world, with the mission of ‘making every trip the perfect trip’.

About Trip.com:
Trip.com is a leading international online one-stop travel service provider, available in 19 languages across 23 countries and regions. Our platform combines over 1.2 million hotels in 200 countries and regions, 2 million flights connecting more than 5000 cities, and world-class 24/7 English language customer service as well as additional centers in Edinburgh, Tokyo and Seoul, ‘making every trip the perfect trip’ for our millions of customers worldwide.

About British Airways:
British Airways is the UK’s largest international airline offering more than 45 million customers a year quality, choice and convenience. Its principal place of business is London, with a significant presence at Heathrow, Gatwick and London City airports.

British Airways’ main home at Heathrow is Terminal 5, regularly voted the world’s best airport terminal in international passenger surveys.

Operating one of the most extensive international scheduled airline route networks together with its joint business agreement, codeshare and franchise partners, British Airways flies to more than 200 destinations in almost 80 countries on a fleet of around 300 aircraft. The airline is investing £6.5bn over the next five years in new aircraft, new cabins, new lounges, new food and new technology – including industry-leading WiFi.

British Airways is a founding member of the airline alliance oneworld, which serves some 1,000 destinations across the globe.

About Iberia:
Iberia is the main Spanish airline and the leading carrier on routes between Europe and Latin America. It flies to 135 destinations in 47 countries in Europe, the Americas, Africa, Middle East and Asia. Together with its subsidiary Iberia Express and its franchise partner Iberia Regional/Air Nostrum, it operates about 600 flights each day with a fleet of some 140 aircraft. It offers easy and convenient connections at its hub in T4 in Madrid-Barajas airport.

Since 2014 it ranked among the five most punctual airlines in the world, and the most the world’s most punctual airline in 2016 and 2017 according to FlightGlobal Incorporating FlightStats, while it was awarded its 4th Skytrax star in 2017.

The airline is a member of the oneworld alliance.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4595967-7fc6-47f9-8dec-06c01b4fba85

For further information, please contact:
Trip.com Group PR pr@ctrip.com

Sundance Energy Inc. Announces Increase in Borrowing Base to $210 million

DENVER, Jan. 14, 2020 (GLOBE NEWSWIRE) — Sundance Energy Inc. (NASDAQ: SNDE) (“Sundance” or the “Company”) today announced that the Company’s bank group has completed its scheduled fall borrowing base redetermination under the Company’s senior secured revolving credit facility, resulting in unanimous approval for a borrowing base increase to $210 million with an elected commitment of $190 million presently available, and an increase in the facility’s maximum credit amount to $500 million. The Company also announced TD Securities as the new administrative agent under the revolving credit facility.

Fall 2019 Redetermination Highlights Include:

  • Maximum Credit Amount increase from $250 million to $500 million.
  • Borrowing Base increase of ~24% from $170 million to $210 million, with a $190 million elected commitment presently available.
  • Revision of maximum leverage ratio to 3.5 to 1.0, and revision of minimum interest rate coverage ratio to 1.5 to 1.0.
  • Appointment of TD Securities as Administrative Agent.

Sundance’s Chief Executive Officer, Eric McCrady, commented “We believe that receiving a significant borrowing base increase under such difficult credit market conditions is a strong vote of confidence from our bank group reflecting the quality of our premier asset base and strong balance sheet, as well as our team’s continued success in delivering outstanding well results. This borrowing base increase, in addition to our pre-existing liquidity, should provide Sundance with a considerable cushion and ability for strategic flexibility as a newly redomiciled US public company.”

About Sundance Energy Inc.

Sundance Energy Inc. (“Sundance” or the “Company”) is an independent energy exploration company located in Denver, Colorado. The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford.  A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.   These statements are identified by the use of the words “project,” “believe,” “estimate,” “expect,” “anticipate,” “intend,” “contemplate,” “foresee,” “would,” “could,” “plan,” and similar expressions that are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effect on Sundance. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Sundance will be those that are anticipated. Sundance’s forward-looking statements involve significant risks and uncertainties (some of which are beyond Sundance’s control) and assumptions that could cause actual results to differ materially from Sundance’s historical experience and present expectations or projections. These include, but are not limited to, risks or uncertainties associated  with our previously completed redomiciliation (including the ability to recognize any benefits therefrom), the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. You are cautioned not to place undue reliance on forward-looking statements contained in this press release, which speak only as of the date of this press release. Forward-looking statements also are affected by the risk factors described in Sundance’s Annual Report on Form 20-F for the fiscal year ended December 31, 2018, and those set forth from time-to-time in other filings with the SEC. Sundance undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

For more information, please contact:

John Roberts
VP Finance & Investor Relations
Tel: (720) 638-2400
Eric McCrady
Chief Executive Officer
Tel: (303) 543-5703

MALAYSIA SHOWCASES VM2020 CAMPAIGN AT ASEAN TOURISM FORUM (ATF) 2020

BANDAR SERI BEGAWAN, Malaysia kick started Visit Malaysia Campaign 2020 (VM2020) by participating in the ASEAN Tourism Forum (ATF) 2020 in Bandar Seri Begawan, Brunei Darussalam from 12 to 16 January 2020. The Malaysian delegation was led by YB Minister of Tourism, Arts and Culture, Datuk Mohamaddin bin Ketapi, accompanied by the Secretary General, Ministry of Tourism, Arts and Culture, Dato’ Dr. Noor Zari bin Hamat and Director General, Tourism Malaysia, Datuk Musa bin Haji Yusof.

This year marks the 39th anniversary of the event with the slogan “Together Towards a Next Generation of Travel”. During the forum, a series of meetings among ASEAN Tourism Ministers and Senior Officials are held from 12 to 16 January 2020. A joint media statement by the ASEAN Ministers of Tourism will be issued on 16 January 2020 to state resolutions and relevant decisions in developing the tourism industry in the ASEAN region as decided during the bilateral meetings.

In addition to attending the bilateral meetings, Malaysia also participated in ATF 2020 TRAVEX exhibition to engage with Malaysian tourism industry players and organizations which received tremendous support from buyers and media at Tourism Malaysia’s booth. This particular year, ATF witnessed participation from 160 international buyers and 109 international and local media.

A total of 37 delegates from 22 Malaysian tourism industry players including hotels, tour operators, tourism organizations and airlines participated in ATF 2020 TRAVEX. Tourism Malaysia set up a 54-square-foot pavilion to facilitate Malaysian sellers to hold discussions with buyers and provided updates on tourism products and other tourism-related information in Malaysia.

To further enhance VM2020 promotional activities, the Minister of Tourism, Arts and Culture, Malaysia had launched the campaign on 15 January 2020 with the objective to cultivate the enthusiasm and interest of tourists from ASEAN countries especially Brunei to travel to Malaysia in 2020.

Malaysia’s participation in the ATF 2020 is expected to attract more international tourists to Malaysia in order to achieve the campaign targets of 30 million tourists and USD 24.44 billion (RM100 billion).

As a member state of ASEAN, Malaysia is looking forward to the next decade of a more prosperous and relevant ASEAN and will continue to collectively innovate and seek meaningful initiatives to increase tourism growth in the region by incorporating the digitalization tourism while retaining the heritage, tradition and identity that make ASEAN unique for future generations.

Apart from participating in ATF 2020, Tourism Malaysia, in collaboration with Horizon Restaurant, Brunei is also organizing the Malaysian Food and Culture Festival for a week from 13 to 21 January 2020. The festival gives opportunity for local citizens, international expatriates and foreign tourists to witness Malaysian cultural performances and savour Malaysian food during the event.

Source: Malaysia Tourism Promotion Board

Malaysia Showcases VM2020 Campaign At ASEAN Tourism Forum (ATF) 2020

BANDAR SERI BEGAWAN, Malaysia kick started Visit Malaysia Campaign 2020 (VM2020) by participating in the ASEAN Tourism Forum (ATF) 2020 in Bandar Seri Begawan, Brunei Darussalam from 12 to 16 January 2020. The Malaysian delegation was led by YB Minister of Tourism, Arts & Culture, Datuk Mohamaddin bin Ketapi, accompanied by the Secretary General, Ministry of Tourism, Arts & Culture, Dato’ Dr. Noor Zari bin Hamat and Director General, Tourism Malaysia, Datuk Musa bin Haji Yusof.

This year marks the 39th anniversary of the event with the slogan Together Towards a Next Generation of Travel. During the forum, a series of meetings among ASEAN Tourism Ministers and Senior Officials are held from 12 to 16 January 2020. A joint media statement by the ASEAN Ministers of Tourism will be issued on 16 January 2020 to state resolutions and relevant decisions in developing the tourism industry in the ASEAN region as decided during the bilateral meetings.

Source: NAM NEWS NETWORK

Prosecutors Present ‘Evidence’ as Trial of Cambodia Opposition Leader Kem Sokha Underway

The treason trial of Cambodia’s opposition leader Kem Sokha got underway Wednesday with prosecutors presenting evidence of a conspiracy with foreign powers that his lawyer said lacked context and could not be used to convict him.

Kem Sokha’s attorney, Meng Sopheary, told RFA’s Khmer Service that prosecutors at the Phnom Penh Municipal Court showed a two-minute clip of a video they say is proof that the Cambodia National Rescue Party (CNRP) president colluded with the U.S. to try to overthrow Cambodia’s government.

After watching the short video of Kem Sokha speaking during the trial, we can confirm that it was authentic, but it was edited and the original context is missing, she said.

[Kem Sokha] wants his original version of the video to be examined, which is about one hour long.

The video cited as evidence by the court was recorded in 2013 and shows Kem Sokha discussing a strategy to win power at the ballot box with the help of U.S. experts�though the U.S. Embassy had rejected any suggestion that Washington was interfering in Cambodian politics at the time of his arrest in 2017.

Meng Sopheary said that the court had accepted Kem Sokha’s video and will review it at some point during the trial, adding that she was given no indication of when the trial might end.

She said that the court had yet to question anyone summoned to give testimony in the case, but feels confident the witnesses will speak the truth.

In recent weeks, prosecutors have called nine witnesses ahead of Kem Sokha’s trial who observers say are either irrelevant to his case or part of a bid to undermine his character, including a land activist, the victim of a land dispute, activists from the CNRP, a ruling Cambodian People’s Party (CPP) spokesman, and an environmental campaigner.

Meng Sopheary said Kem Sokha continues to maintain his innocence and that her own study of his case shows there is no evidence to convict my client. The CNRP chief faces up to 30 years in prison if found guilty.

Government lawyer Ky Tech told RFA that there had been heated exchanges during Wednesday’s trial�where a total of 30 seats were largely reserved for diplomats, relatives, and CNRP members�but refused to provide details of what was discussed for reasons of professionalism.

He said that in addition to the U.S., Australia, Indonesia, Canada, the European Union, Taiwan, India, Yugoslavia, and Serbia are involved in the accusations against Kem Sokha, and that he has tons of evidence against the opposition leader. Ky Tech did not specify whether the court plans to summon representatives of those countries to appear at the trial.

Kem Sokha, 66, was arrested in September 2017 and charged with treason over the video. He maintains his innocence and his lawyers have said that prosecutors lack evidence to convict.

Two months after Kem Sokha’s arrest, Cambodia’s Supreme Court dissolved the CNRP for its role in the alleged plot and banned 118 of its officials from political activities.

The move to dissolve the CNRP was part of a wider crackdown by Prime Minister Hun Sen on the political opposition, NGOs, and the independent media that paved the way for his CPP to win all 125 seats in parliament in the country’s July 2018 general election.

Innocence maintained

Following Wednesday’s proceedings, Kem Sokha posted a message to his Facebook account in which he said he categorically den[ies] the charge of ‘conspiracy with foreign powers’ which was brought against me.

He said he had not engaged with foreign state actors to conduct hostility or [an] invasion against Cambodia, and that he did not commit anything of which I am accused�particularly acts that would be detrimental to the national interest.

All of my activities were focused on human rights and democracy, carried out in peaceful and non-violent manners in accordance with the Constitution of the Kingdom of Cambodia, he wrote, adding that his political activities were focused on the participation in free, fair, and just elections that truly reflect the will of the Cambodian people.

I continue to demand that the court permanently drop the charge against me so that I can fully exercise my political freedom in participation in serving and defending the interests of the country and the people, the message concluded.

Speaking to RFA on Wednesday, Am Sam Ath, senior investigator for local rights group Licadho, expressed frustration that nongovernmental organizations were not allowed into the courtroom, while only a few reporters were granted access, adding that authorities should have provided a live broadcast feed of the trial for members of the public to view.

NGOs and the media want to monitor the case so they can see the evidence against [Kem Sokha] and listen to the debate to decide for themselves whether the court will provide justice or not, he said.

Rong Chhun, a union leader and former member of Cambodia’s National Election Commission (NEC), told RFA he had traveled to the courthouse on Wednesday to monitor the trial but was forced to stand outside.

This trial is just for show�we all know that this is a politically motivated case against Kem Sokha, he said, calling on the court to drop the charges against the CNRP leader and for the reinstatement of the opposition party.

CNRP acting president Sam Rainsy also took to Facebook on Wednesday to call the trial a farce and accuse the court of acting as Hun Sen’s puppet.

All democrats must condemn Hun Sen to show that the charges against Kem Sokha are groundless, he wrote from self-imposed exile in Paris, France, where he has lived in 2015 to avoid a string of charges and convictions he says are politically motivated.

There is only one solution: The court must drop charges against Kem Sokha. We don’t need the King [Norodom Sihamoni] to pardon him.

‘Farcical trial’

The first day of Kem Sokha’s trial, which resumes Thursday, came as the ASEAN Parliamentarians for Human Rights (APHR) issued a statement calling on Cambodian authorities to immediately and unconditionally drop the charges against him and restore his rights to movement and political participation.

This farcical trial should be brought to an immediate end and the charges against him dropped, Tom Villarin, former Member of the House of Representatives of the Philippines and APHR member, said in a statement, adding that Kem Sokha should be provided access to justice and reparations for his unlawful detention.

Kem Sokha’s arrest and detention have been part of a much broader and sustained assault on the political opposition of Cambodia. This trial is a warning and reminder from the government to millions more politicians, activists, journalists and ordinary Cambodians that there is no space for human rights in today’s Cambodia.

Villarin said that Cambodia’s courts routinely demonstrate that they act according to Hun Sen’s interests, rather than based on the facts and evidence presented to them.

This lack of independence of the Cambodian judiciary and last minute restrictions placed by the court on trial monitors should raise serious concerns regarding Kem Sokha’s right to a fair trial, he said.

APHR’s statement followed ones issued on the eve of the trial by New York-based Human Rights Watch and London-based Amnesty International, who said Cambodia should immediately drop bogus charges against Kem Sokha and suggested a conviction would ensure that Western governments sanction the country as part of a response to Hun Sen’s rollbacks on democracy and human rights.

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