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  • MIL-OSI Asia-Pac: 87th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

    Source: Government of India

    87th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

    NPG evaluates Metro, RRTS, Road and Airport Projects

    Posted On: 12 FEB 2025 1:41PM by PIB Delhi

    The 87th meeting of the Network Planning Group (NPG) evaluated five projects (1 Metro, 1 RRTS, 2 Road, and 1 Airport) for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and intermodal coordination. These initiatives are expected to boost logistical efficiency, reduce travel times, and deliver significant socio-economic benefits across regions.

    The meeting chaired by Shri E. Srinivas, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), was convened to evaluate infrastructure projects in the Metro, RRTS, Road, and Airport sectors and focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

    The evaluation and anticipated impacts of these projects are detailed below:

    Delhi – Panipat – Karnal Namo Bharat Project (RRTS Corridor)

    The Delhi – Panipat – Karnal Namo Bharat Project, proposed by the Ministry of Housing and Urban Affairs and implemented by the National Capital Region Transport Corporation (NCRTC), is a greenfield initiative spanning approximately 136.30 km between Sarai Kale Khan in Delhi and Karnal in Haryana. The corridor is designed to operate at an average speed of 90 kmph, offering a significantly faster transit option compared to the existing modes of transport. The project is expected to reduce travel time from the current 3.5–4 hours to approximately 90 minutes, thereby enhancing connectivity between Delhi and key centers in Haryana.

    It is designed to be interoperable with other Namo Bharat corridors, ensuring seamless multimodal integration at key hubs such as the common Namo Bharat station at Sarai Kale Khan. In addition, the project will integrate multiple modes of transport by linking with major railway, metro, bus, and airport networks, providing seamless connectivity to people.

    Pune Metro Line 4: Kharadi – Khadakwasla with spur line of Nal Stop – Warje – Manik Baug

    The Pune Metro Line 4: Kharadi – Hadapsar – Swargate – Khadakwasla, with a spur line from Nal Stop – Warje – Manik Baug is proposed by the Ministry of Housing and Urban Affairs and implemented by the Maharashtra Metro Rail Corporation Ltd., the project spans approximately 31.64 km. Currently at the DPR stage, the integrated design, which includes interchanges with operational and proposed metro lines as well as feeder routes, is anticipated to boost overall ridership and facilitate seamless multimodal connectivity.

    Mahabubnagar Economic Corridor

    The “Development of Four Laning of Gudebellur – Marikal – Hasnapur/Potulamadugu section of NH-167” is a brownfield highway project under the Ministry of Road Transport & Highways, executed by the National Highways Authority of India. Located in Telangana’s Narayanpet and Mahabubnagar districts, the project aims to upgrade and realign the existing NH-167 corridor—including bypasses around major towns—to a four-lane configuration over a design length of 90.37 km. As a key component of the Hyderabad–Panaji Economic Corridor, this initiative will improve inter-state connectivity between Hyderabad and Raichur.

    Mungiakami-Champaknagar (NH-08 corridor)

    The project, proposed by the Ministry of Road Transport & Highways and implemented by the National Highways Infrastructure & Development Corporation Limited (NHIDCL), aims to improve and widen the existing NH-08 corridor from Mungiakami to Champaknagar in Tripura. Covering a design length of 25.45 km, the project involves upgrading the current road into a four-lane highway with necessary bypasses and realignments to decongest built-up areas. The project is expected to enhance connectivity across West Tripura and Khowai districts, thereby integrating key economic and social nodes and supporting regional inter-state connectivity.

    Development of “Maharishi Valmiki International Airport, Ayodhyadham” (Phase-II)

    The Phase-II expansion of the Maharishi Valmiki International Airport, Ayodhya, aims to meet the growing demand for air travel in the region. The existing terminal has a capacity of 674 passengers during peak hours and an annual capacity of 1 million. To address the anticipated surge in passenger traffic, a new Integrated Terminal Building will be constructed. The new terminal will be designed to handle 4,000 peak hour passengers and accommodate 6 million passengers annually, by 2046-47. The project also includes strengthening and extending the runway, constructing additional parking bays, a multi-level car park, fire station, ATC tower and improved city-side access.

    ***

    Abhishek Dayal/Abhijith Narayanan/Asmitabha Manna

    (Release ID: 2102188) Visitor Counter : 61

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Coal Ministry Issues Letters of Award to Selected Applicants under Categories II of the Financial Incentive Scheme for Coal Gasification

    Source: Government of India (2)

    Posted On: 12 FEB 2025 12:58PM by PIB Delhi

    The Ministry of Coal has made a significant stride in India’s ambitious Coal Gasification Initiative with the issuance of Letters of Award (LOAs) to selected applicants under Category II of the ₹8,500 crore Coal Gasification Incentive Scheme.

    The LOAs were presented by Shri Vikram Dev Dutt, Secretary, Ministry of Coal, in the august presence of Additional Secretary, Ms. Vismita Tej, and OSD (Technical), Shri Asheesh Kumar and Director (Technical), Shri BK Thakur, Ministry of Coal.

    Awardees under the Scheme:

    Category II: Private Sector/ Government PSUs (For allocation of Rs 1,000 crore per project or 15% of capex, whichever is lower)

    • Jindal Steel and Power Limited: The 2MMTPA coal gasification project in Angul, Odisha, has been awarded ₹569.05 crore in financial incentives. The ₹3,793 crore project will convert coal into Direct Reduced Iron (DRI) through coal gasification while also setting up a carbon capture and utilization plant designed to capture 30 TPD of CO2 for conversion into valuable products.
    • New Era Cleantech Solution Private Limited: A financial incentive of ₹1,000 crore has been granted for New Era Cleantech’s coal gasification project in Bhadravati, Chandrapur, Maharashtra. With a total project cost of ₹6,976 crore, it aims to produce 0.33 MMTPA of Ammonium Nitrate and 0.1 MMTPA of Hydrogen. Additionally, the project will implement Carbon Capture, Utilization, and Storage (CCUS) technology, where captured CO2 will be utilized for methanol production. The proposed CO2-to-methanol plant will have a capacity of 3,000 TPD (1.0 MMTPA).
    • Greta Energy Limited: The Greta Energy Limited has been awarded ₹414.01 crore of financial incentive for its coal gasification project at MIDC Bhadravati, Chandrapur, Maharashtra. With a total investment of ₹2,763 crore, the project aims to produce 0.5 MTPA of Direct Reduced Iron (DRI).

    The Coal Gasification Incentive Scheme plays a pivotal role in India’s ambitious target of reaching 100 million tonnes of coal gasification by 2030. This initiative is designed to accelerate technological advancements in coal gasification, significantly reduce carbon emissions, bolster energy security, and create a foundation for a more sustainable energy landscape.

    ****

    Shuhaib T

    (Release ID: 2102157) Visitor Counter : 81

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ13: Lantau Tomorrow Vision

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Paul Tse and a written reply by the Secretary for Development, Ms Bernadette Linn, in the Legislative Council today (February 12):Question:     It is learnt that the Government has yet to confirm the commencement date of the reclamation project for the Kau Yi Chau Artificial Islands under the Lantau Tomorrow Vision. According to a paper submitted by the Government to the Panel on Development of this Council on December ‍29, 2022, the Government’s target was to commence the reclamation works for the Artificial Islands at the end of 2025. The Government subsequently indicated that the reclamation works “would be slightly deferred”. At the meeting of the Panel on Development of this Council on October 22 last year, the Secretary for Development advised that hopefully the reclamation works could commence within the current term of the Government (i.e. by June 30, 2027). On the 7th of last month, the Secretary for Development remarked that at present there was no need to fix a date for the commencement of the reclamation works; while a commentary article “The Lantau Tomorrow Vision is yesterday’s dream” published on the Ta Kung Wen Wei website on the same day pointed out that the Government had no choice but to slow down the pace of creating artificial land by reclamation under the Lantau Tomorrow Vision or even shelve the development plan, highlighting that the Lantau Tomorrow Vision has become “a thing of the past”. In this connection, will the Government inform this Council:(1) as there are views that the Government has been procrastinating on the commencement date of the works for the Lantau Tomorrow Vision, and the subsequent remark made by the Secretary for Development that at present there is no need to fix a date for the commencement of the reclamation works is entirely different from the remark in the commentary article “The Lantau Tomorrow Vision is yesterday’s dream” on the Ta Kung Wen Wei website, of the latest update of the project;      (2) whether the principal officials in charge of the Lantau Tomorrow Vision will formally and publicly give an account of the retention or otherwise of the project; and(3) given that the aforesaid commentary article has highlighted that “the Lantau Tomorrow Vision has become a thing of the past”, of the detailed expenditures incurred by the Government to date on the preliminary studies, design and consultancy work relating to the Lantau Tomorrow Vision; whether the Government will immediately suspend or freeze such work in order to minimise unnecessary expenditures; if so, of the estimated amount of expenditures that can be saved; if not, the reasons for that?Reply:President,     According to the findings of the study “Hong Kong 2030+: Towards a Planning Vision and Strategy Transcending 2030”, the target for supply of developed land in the 30 years from 2019 to 2048 is about 7 000 hectares, of which 1 000 hectares of land will come from the proposed Kau Yi Chau Artificial Islands (KYCAI) project. This 1 000 hectares of newly reclaimed land, geographically located at a strategical position, will expand the scope and capacity of the development of Hong Kong and provide transport infrastructures connecting the Northern Metropolis and Lantau Island. It helps to support Hong Kong’s sustainable development in the medium to long term.     The replies to various parts of Hon Paul Tse’s questions are as follows:(1) The article cited in this question was contributed by an individual to the relevant media. It is understood that it does not represent the position of the media, let alone the position of the Government.(2) The KYCAI is a project necessary for Hong Kong’s long-term development. The Government is taking forward the project in a steady and prudent manner, and will formulate the project implementation strategy in light of the progress of various studies of the project, as well as the priority and overall deployment of the Government’s various land creation and infrastructure projects.     The Civil Engineering and Development Department (CEDD) submitted the Environmental Impact Assessment (EIA) report for the reclamation part to the Environmental Protection Department on December 31 last year, with the target of completing the approval work within 2025. In addition to the EIA report for the reclamation part, the CEDD still needs to complete a series of tasks, including completing the EIA for the strategic roads and land development, and progressively commencing a series of detailed engineering studies (including formulating specific design and construction requirements for key infrastructure projects, and conducting relevant financial studies and analysis). The Government announced its forecast for the supply of developed land in the next 10 years in October last year, including 300 hectares of reclaimed land from the KYCAI project. At that time, it was expected that such land would only become available in the later stage of the decade. For such large-scale land development project, the current priority is to prudently complete the necessary preparatory work in the study and planning stages so that construction work can commence as quickly as possible at the appropriate time in the future.     The Government has reiterated the above position in the 2024 Policy Address, the Legislative Council’s Panel on Development’s Policy Address briefing, media interviews for the Secretary for Development, social media, and the KYCAI project’s dedicated website. When we applied for the block vote funding from the Legislative Council’s Public Works Subcommittee in January this year, we also explained the contents of the detailed engineering studies to Members.      (3) At its meeting on December 4, 2020, the Legislative Council’s Finance Committee approved a funding of $550.4 million for the ongoing planning and engineering study on the KYCAI (i.e. PWP Item No. 768CL “Studies related to artificial islands in the Central Waters”) to engage a consultant to carry out the relevant study and related site investigation works for KYCAI. By the end of the 2024/2025 financial year, the CEDD projects an expenditure of about $400 million. As explained in the reply in Part (2) above, the Government is taking forward the project in a steady and prudent manner, including continuing with the statutory EIA work and necessary studies.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ22: Work safety on bamboo scaffolding

    Source: Hong Kong Government special administrative region

    LCQ22: Work safety on bamboo scaffolding
    LCQ22: Work safety on bamboo scaffolding
    ****************************************

         Following is a question by the Hon Lam Chun-sing and a written reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (February 12): Question:      The revised Code of Practice for Bamboo Scaffolding Safety (the Code), which officially took effect on October 19 last year, aims to enhance the safety of bamboo scaffolding works. In this connection, will the Government inform this Council:(1) of the number of industrial accidents involving bamboo scaffolding works recorded by the authorities in each of the years from 2018 to October 18 last year, and since the implementation of the Code on ‍October 19 last year, together with the number of casualties involved in such accidents, and set out in Table 1 a breakdown by nature of works (i.e. (i) new works and (ii) repair, maintenance, alteration and addition works), type of works (i.e. (I) public works and (II) ‍non-‍public works) and type of cases (i.e. (a) fatal cases (the‍ number of fatalities) and (b) non-fatal cases (the number of injuries)); Table 1

    Date
    (i)
    (ii)

    (I)
    (II)
    (I)
    (II)

    (a)
    (b)
    (a)
    (b)
    (a)
    (b)
    (a)
    (b)

    2018
     
     
     
     
     
     
     
     

    ……
     
     
     
     
     
     
     
     

    From January 1 to October 18, 2024
     
     
     
     
     
     
     
     

    Since October 19, 2024
     
     
     
     
     
     
     
     

    Total
     
     
     
     
     
     
     
     

    (2) of the respective numbers of (i) workplaces inspected by the Government for bamboo scaffolding works, as well as (ii)‍ improvement notices (together with their compliance rates) and (iii) suspension notices (together with their compliance rates) issued by the Government to contractors involved in non-compliances in relation to bamboo scaffolding works, in each of the years from 2018 to ‍October 18 last year, and since the implementation of the Code on ‍October 19 last year, and set out in Table 2 a breakdown by nature of works (i.e. (a) new works and (b) repair, maintenance, alteration and addition works) and type of works (i.e. (I) public works and (II) ‍non-‍public works); Table 2

    Date
    (i)
    (ii)
    (iii)

    (I)
    (II)
    (I)
    (II)
    (I)
    (II)

    (a)
    (b)
    (a)
    (b)
    (a)
    (b)
    (a)
    (b)
    (a)
    (b)
    (a)
    (b)

    2018
     
     
     
     
     
     
     
     
     
     
     
     

    ……
     
     
     
     
     
     
     
     
     
     
     
     

    From January 1 toOctober 18, 2024
     
     
     
     
     
     
     
     
     
     
     
     

    Since October 19, 2024
     
     
     
     
     
     
     
     
     
     
     
     

    Total
     
     
     
     
     
     
     
     
     
     
     
     

     (3) in respect of the improvement notices issued by the Government as mentioned in (2)(ii), of (a) the non-compliances primarily involved and (b) the average time taken by contractors to remedy non-‍compliances or cease illegal acts, and set out in Table 3 a breakdown by nature of works (i.e. (i) new works and (ii) repair, maintenance, alteration and addition works); Table 3

    Date
    (i)
    (ii)

    (a)
    (b)
    (a)
    (b)

    2018
     
     
     
     

     
     
     
     

    ……
     
     
     
     

     
     
     
     

    From January 1 toOctober 18, 2024
     
     
     
     

     
     
     
     

    Since October 19, 2024
     
     
     
     

     
     
     
     

     (4) in respect of the suspension notices issued by the Government as mentioned in (2)(iii), of (a) the non-compliances primarily involved by contractors and (b) the average time taken for such notices getting revoked by the authorities, and set out in Table 4 a breakdown by nature of works (i.e. (i) new works and (ii) repair, maintenance, alteration and addition works); Table 4

    Date
    (i)
    (ii)

    (a)
    (b)
    (a)
    (b)

    2018
     
     
     
     

     
     
     
     

    ……
     
     
     
     

     
     
     
     

    From January 1 to October 18, 2024
     
     
     
     

     
     
     
     

    Since October 19, 2024
     
     
     
     

     
     
     
     

     (5) of the respective numbers of prosecutions instituted by the authorities and convictions for non-compliances in respect of bamboo scaffolding works involving contractors, in each of the years from 2018 to October 18 last year, and since the implementation of the Code on October 19 last year, as well as the major non-compliances involved and the average sentences imposed; (6) whether it has compiled statistics on the number of employers who, in each of the past seven years and this year to date, have failed to take out employees’ compensation insurance (commonly known as labour insurance) as required under the Employees’ Compensation Ordinance (Cap. 282) for workers involved in the industrial accidents mentioned in (1), and on the number of employers prosecuted as a result; among such prosecution cases, of the number of convicted cases and the average sentences imposed; (7) of the number of applications for taking out labour insurance received and approved by the Employees’ Compensation Insurance Residual Scheme Bureau from employers in the bamboo scaffolding industry in each of the past seven years and this year to date; what measures the Government has put in place to strengthen assistance for the construction industry in taking out labour insurance for workers engaged in bamboo scaffolding works in order to enhance the protection for these workers; (8) given that at the meeting of the Panel on Manpower of this Council on March 16, 2021, the authorities proposed amending the Construction Sites (Safety) Regulations (Cap. 59I) to include small-‍scale construction works involving higher risks (including truss-out scaffolding works) within the scope of mandatory notification to facilitate the Labour Department in arranging targeted inspections, of the latest progress and the specific timetable for the relevant legislative amendment work; and (9) how the Government will strengthen its promotion of the enhanced application of technology in the industry to enhance the occupational safety and health of frontline workers working on bamboo scaffolds?Reply: President,      The Government attaches great importance to workplace safety. Pursuant to the risk-based principle and keeping close tabs on the occupational safety and health (OSH) risk levels and trends of various industries (in particular the construction industry), the Labour Department (LD) has been formulating and adjusting the strategies of inspection and enforcement, publicity and promotion, as well as education and training in a timely manner to raise the OSH level in Hong Kong.     With the objective of enhancing scaffolding safety, the Government held a meeting on “Enhancement of Scaffolding Safety” on January 24, 2025 with relevant organisations and stakeholders. The LD is considering carefully the opinions of the trade representatives and will continue to work closely with relevant organisations and stakeholders to explore ways to enhance the safe use of scaffolds.      My reply to the Hon Lam Chun-sing is as follows:(1) The numbers of fatal cases and fatalities of industrial accidents (Note 1) involving bamboo scaffolds on construction sites from 2018 to 2025 (as at January 26) are tabulated below. These cases did not involve Public Works Projects (Note 2). 

    Year
    Industrial accidents involving bamboo scaffolds

    (i) New Works (Note 3)
    (ii) Repair, Maintenance, Alteration, and Addition Works (Note 4)

    Number of fatal cases (number of fatalities)
    Number of fatal cases (number of fatalities)

    2018
    1 (1)
    4 (4)

    2019
    3 (3)
    1 (1)

    2020
    1 (1)
    1 (1)

    2021
    –
    4 (4)

    2022
    –
    4 (4)

    2023
    –
    –

    2024 (Note 5)(January 1, 2024 – October 18, 2024)
    1 (2)
    2 (2)

    2024 (Note 5)(October 19, 2024 – December 31, 2024)
    –
    –

    2025 (Note 5)
    –
    –

    Note 1: Industrial accidents refer to injuries and deaths arising from industrial activities in industrial undertakings in Hong Kong as defined under the Factories and Industrial Undertakings Ordinance.Note 2: Public Works Projects refer to construction sites under the Architectural Services Department, Drainage Services Department, Electrical and Mechanical Services Department, Highways Department, Water Supplies Department, and Civil Engineering and Development Department.Note 3: New Works refer to construction sites where new development or re-development works take place. Such works include building, piling, demolition, site formation and civil engineering works.Note 4: Repair, Maintenance, Alteration, and Addition Works refer to minor works such as minor alterations, repairs, maintenance and interior decoration of existing buildings, term maintenance or repair contracts (such as roads, water and drainage works).Note 5: The numbers of fatal cases of industrial accidents of 2024 and 2025 are recorded as at January 26, 2025.     The LD does not keep the numbers of injury cases and injuries of industrial accidents involving bamboo scaffolds on construction sites. (2) to (5) The enforcement figures related to construction sites by the LD from 2018 to 2024 are tabulated below.(i) The number of inspections conducted and enforcement figures of new works construction sites from 2018 to 2024

     
    2018
    2019
    2020
    2021
    2022
    2023
    2024(Jan – Oct)
    2024(Nov – Dec)

    Inspections
    27 709
    35 202
    23 419
    29 525
    26 664
    26 788
    25 024
    4 781

    Prosecutions taken
    1 435
    1 453
    1 101
    1 095
    1 171
    1 494
    1 277
    272

    Improvement notices
    1 264
    1 954
    1 340
    2 433
    2 103
    2 985
    2 631
    368

    Suspension notices
    246
    124
    116
    153
    351
    131
    81
    31

    (ii) The number of inspections conducted and enforcement figures of repair, maintenance, alteration and addition works sites from 2018 to 2024

     
    2018
    2019
    2020
    2021
    2022
    2023
    2024(Jan – Oct)
    2024(Nov – Dec)

    Inspections
    42 928
    52 466
    34 616
    41 538
    38 907
    44 447
    36 965
    7 640

    Prosecutions taken
    1 077
    848
    910
    774
    838
    828
    685
    97

    Improvement notices
    835
    1 051
    762
    851
    956
    1 158
    1 018
    240

    Suspension notices
    353
    353
    204
    284
    270
    157
    132
    64

         The LD does not keep the numbers of safety inspections, enforcement figures and convictions breakdown by the bamboo scaffolding trade or works category.      The LD will assess the severity and consequences of the violation of law and take different enforcement means in accordance with the established guidelines and procedures, including the issuance of improvement notices or suspension notices to duty holders, if violation is detected during inspection of construction site.     The LD does not keep the statistics of the time required for revoking improvement notices or suspension notices. In general, the LD will take follow up actions in a timely manner in accordance with the established procedures after the notice has been issued. The notice would be revoked when the LD is satisfied that measures have been taken by the duty holders to abate the relevant risks. There is no specified timeframe for revoking a notice, which will be dependent on the attitude of the duty holders and the complexities of the actual work to abate the relevant risks. (6) Among the 22 fatal cases of industrial accidents provided in part (1), five employers were prosecuted by the LD for failing to take out the employees’ compensation insurance (EC insurance) policies at the time of the accidents. Relevant prosecution figures are tabulated below: 

    Year of accidents
    Number of summonses heard
    Number of summonses convicted
    Fine imposed

    2018
    1
    1
    $25,000

    2019
    1
    1
    $8,000

    2020
    1
    1
    $5,000 (Note)

    2021
    1
    1
    $3,000

    2022
    1
    1
    $6,000

    Note: In addition to the fine of $5,000, the employer was concurrently sentenced to 14 days’ imprisonment, suspended for 18 months.(7) The Employees’ Compensation Insurance Residual Scheme (ECIRS) serves as a market of last resort to assist employers who cannot procure EC insurance in the market, with a view to ensuring that employers can acquire EC insurance. Relevant figures pertaining to the applications by employers in scaffolding industry received and approved by the Employees’ Compensation Insurance Residual Scheme Bureau (ECIRSB) from 2018 to January 2025 are as follows: 

    Year
    Number of applications received from the employers(a)
    Number of applications approved and provided cover by ECIRSB(b)

    2018
    15
    15

    2019
    12
    12

    2020
    14
    13 (Note 1)

    2021
    15
    15

    2022
    19
    31 (Note 2)

    2023
    24
    23 (Note 1)

    2024
    25
    25

    2025(as at January)
    3
    2 (Note 3)

    Note 1: The figures in column (b) are lower than that in column (a) of the above table as the employers have either taken out EC insurance directly through ECIRS’s member insurers or they did not take out EC insurance through ECIRS eventually.Note 2: In exercise of its authority under section 35(2)(b) of the Insurance Ordinance, the Insurance Authority appointed Managers to take full control of the affairs, business and property of Target Insurance Company Limited (Target) in 2022. As a participating member of ECIRS, Target jointly underwrote the EC insurance policies issued under ECIRS. Due to Target’s inability to continue operations because of insolvency, ECIRS had to reissue the affected insurance policies to the insured in 2022, including 12 policies specific to the scaffolding industry.Note 3: One application is under processing.     The Government is deeply concerned about the procurement of EC insurance by employers in the scaffolding sector. ECIRSB has been offering premium discounts to the employers in the scaffolding sector and implemented flexible arrangements, including short-term EC insurance policies, tailored to the circumstances of the scaffolding industry. The Government will continue to maintain close communication with ECIRSB to assist employers in the scaffolding sector who have implemented enhanced occupational safety measures in qualifying for higher premium discounts, thus ensuring compliance with the requirement to procure EC insurance.(8) The LD is studying the refinement of statutory notification mechanism for construction works and its feasibility.      At the same time, to enhance the bamboo scaffolding safety, the LD updated the Code of Practice for Bamboo Scaffolding Safety last year, strengthening the regulation against truss-out bamboo scaffold (TOS). This includes requiring workers engaged in TOS works to hold valid certificates issued by the Construction Industry Council (CIC) to bolster safeguards for workers.      In addition, the LD has been actively collaborating with the scaffolding and insurance industries as well as other stakeholders in recent years to improve the occupational safety of bamboo scaffolding industry through various measures. This aims to reduce related insurance premiums, enabling employers in the bamboo scaffolding industry to take out employees’ compensation insurance at relatively reasonable prices, so as to form a virtuous cycle uplifting the overall safety standards of the industry to further lower the premium for labour insurance. (9) The Government supports the construction industry in using innovative technologies to improve site safety. The LD has been working closely with the Development Bureau (DEVB), relevant government departments and organisations to promote the industry to effectively use innovative technologies and expand their scope of application to enhance site safety.      The LD is collaborating with the DEVB to promote the implementation of the Smart Site Safety System (4S) in more construction projects to enhance monitoring and risk management of construction sites, and further improve the overall site safety standards. The LD has also actively participated in the work of the Task Force on Smart Site Safety System Standardisation set up by CIC, and will continue to keep in view the development of various advanced technology and encourage the industry to adopt appropriate technological equipment for preventing accidents.      In addition, the LD, in collaboration with the Occupational Safety and Health Council, organised the first OSH Innovation and Technology Expo in March 2024 to introduce and showcase innovative solutions, products and technologies in the field of OSH for promoting innovative developments in this area. Meanwhile, the LD will provide advice on OSH legislation for technology products developed by industries to facilitate the introduction and application of more such products.      At the meeting of “Enhancement of Scaffolding Safety” on January 24, 2025, the LD has discussed with the industry and other relevant stakeholders to explore measures from various aspects (including the application of technology) to enhance the bamboo scaffolding safety.      However, we must point out that technology is merely an auxiliary tool. It is more important to address the issue at the root by enhancing the overall OSH culture in the construction industry, as well as raising workers’ safety awareness. The Government will continue to strive for promoting OSH culture through the adoption of multi-pronged strategies, including promotion, education and training, inspections and enforcement as well as the application of technologies, to help reduce accidents.

     
    Ends/Wednesday, February 12, 2025Issued at HKT 15:25

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: PM Surya Ghar: Muft Bijli Yojana Turns One

    Source: Government of India

    PM Surya Ghar: Muft Bijli Yojana Turns One

    Powering India’s Solar Revolution

    Posted On: 12 FEB 2025 12:48PM by PIB Delhi

    Introduction

    On February 13, 2025, the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY) will mark its first anniversary, celebrating a year of empowering households with affordable solar energy and accelerating India’s transition to a sustainable future. Launched by Prime Minister Narendra Modi on February 13, 2024, this groundbreaking initiative aims to provide free electricity to households by facilitating the installation of rooftop solar panels. The PMSGMBY, the world’s largest domestic rooftop solar initiative, is reshaping India’s energy landscape with a bold vision to supply solar power to one crore households by March 2027.

    As of January 27, 2025, the scheme has already benefitted 8.46 lakh households through rooftop solar installations. The rapid adoption of solar energy is evident in the tenfold increase in monthly installation rates, which now stand at around 70,000 installations per month, significantly surpassing pre-scheme levels. The scheme offers a subsidy of up to 40%, making renewable energy more affordable and accessible. So far, ₹4,308.66 crore has been disbursed as Central Financial Assistance (CFA) to 5.54 lakh residential consumers, with an average subsidy of ₹77,800 per household. Additionally, an estimated 45% of the beneficiaries are now receiving zero electricity bills, depending on their solar power generation and consumption patterns.

    Top 5 states with the highest number of households benefiting under the PM Surya Ghar: Muft Bijli Yojana.

     

    Key Benefits

    The PM Surya Ghar: Muft Bijli Yojana offers several significant benefits to participating households:

    • Free Electricity for Households: The scheme provides households with free electricity through the installation of subsidized rooftop solar panels, significantly reducing their energy costs.

     

    • Reduced Electricity Costs for the Government: By promoting the widespread use of solar power, the scheme is expected to save the government an estimated ₹75,000 crore annually in electricity costs.

     

    • Increased Use of Renewable Energy: The scheme encourages the adoption of renewable energy sources, contributing to a more sustainable and environmentally friendly energy mix in India.

     

    • Reduced Carbon Emissions: The transition to solar energy under this scheme will help lower carbon emissions, supporting India’s commitment to reducing its carbon footprint.

    Subsidy Details

    The subsidy provided under the scheme varies based on the household’s average monthly electricity consumption and the corresponding suitable rooftop solar plant capacity:

    Average Monthly Electricity Consumption (units)

    Suitable Rooftop Solar Plant Capacity

    Subsidy Support

     

    0-150

    1-2 kW

    ₹ 30,000/- to ₹ 60,000/-

    150-300

    2-3 kW

    ₹ 60,000/- to ₹ 78,000/-

    > 300

    Above 3 kW

    ₹ 78,000/-

     

    Subsidy Application and Vendor Selection: Households can apply for the subsidy through the National Portal, where they can also select a suitable vendor for installing rooftop solar. The National Portal will assist in decision-making by providing information on appropriate system sizes, a benefits calculator, vendor ratings, and other relevant details. With all credentials are entered correctly on the National Portal, the average time taken in processing the CFA is around 15 days after redemption request made by the consumer.

     

    Collateral-Free Loans: Households will have access to collateral-free, low-interest loans at around 7% interest for the installation of residential rooftop solar (RTS) systems up to 3 kW.

    Eligibility

    Application Process

    The application process involves following nine specific steps to ensure a smooth and efficient submission and approval of solar panel installation.

    Impact

    The   PM Surya Ghar: Muft Bijli Yojana is expected to have far-reaching outcomes, both for individual households and the nation as a whole:

    • Household Savings and Income Generation: Households will benefit from significant savings on their electricity bills. Additionally, they will have the opportunity to earn extra income by selling surplus power generated by their rooftop solar systems to DISCOMs. For instance, a 3-kW system can generate over 300 units per month on average, providing a reliable source of energy and potential revenue.

     

    • Expansion of Solar Capacity: The scheme is projected to add 30 GW of solar capacity through rooftop installations in the residential sector, significantly contributing to India’s renewable energy goals.

     

    • Environmental Benefits: Over the 25-year lifetime of these rooftop systems, it is estimated that the scheme will generate 1000 BUs of electricity while reducing CO2 emissions by 720 million tonnes, making a substantial positive impact on the environment.

     

    • Job Creation: The scheme is also expected to create approximately 17 lakh direct jobs across various sectors, including manufacturing, logistics, supply chain, sales, installation, operations and maintenance (O&M), and other services, thereby boosting employment and economic growth in the country.

     

    Model Solar Village

    Under the “Model Solar Village” component of the scheme, the focus is on establishing one Model Solar Village per district throughout India. This initiative aims to promote solar energy adoption and empower village communities to achieve energy self-reliance. An allocation of ₹800 crore has been designated for this component, with ₹1 crore provided to each selected Model Solar Village.

    To qualify as a candidate village, it must be a revenue village with a population of over 5,000 (or 2,000 in special category states). Villages are selected through a competitive process, evaluated on their overall distributed renewable energy (RE) capacity six months after being identified by the District Level Committee (DLC).

    The village in each district with the highest RE capacity will receive a central financial assistance grant of ₹1 crore. The State/UT Renewable Energy Development Agency, under the supervision of the DLC, will oversee the implementation, ensuring these model villages successfully transition to solar energy and set a benchmark for others across the country.

    Conclusion

    In conclusion, the PM Surya Ghar: Muft Bijli Yojana is set to significantly reshape India’s energy landscape by empowering millions of households with solar power. By March 2025, installations are expected to exceed 10 lakh, doubling to 20 lakh by October 2025, reaching 40 lakh by March 2026, and ultimately achieving the ambitious one crore target by March 2027. This transformative initiative is set to save the government ₹75,000 crores annually in electricity costs, reinforcing India’s leadership in clean energy innovation. Through substantial subsidies, accessible financing options, and a focus on renewable energy, the initiative will not only provide free electricity to households but also contribute to significant savings for the government, reduced carbon emissions, and job creation.

    The Model Solar Village initiative further supports rural areas in becoming energy self-reliant, underscoring the government’s commitment to sustainable development. This ambitious programme sets India on a path toward a greener, more energy-efficient future, reinforcing its leadership in renewable energy.

    References:

    v https://pib.gov.in/PressReleasePage.aspx?PRID=2005596

    v https://www.myscheme.gov.in/schemes/pmsgmb

    v https://www.pmsuryaghar.gov.in/whatIsNew

    v https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2024/08/2024080998431910.pdf

    v https://pib.gov.in/PressReleasePage.aspx?PRID=2080833

    v https://sansad.in/getFile/annex/266/AU945_gOv3Tm.pdf?source=pqars

    Kindly find the pdf file 

    ****

    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

    (Release ID: 2102149) Visitor Counter : 38

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Prime Minister applauds Neeraj Chopra’s efforts to promote fitness and fight obesity

    Source: Government of India

    Posted On: 12 FEB 2025 12:41PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi has applauded Olympic Gold Medalist Neeraj Chopra’s efforts to promote fitness and fight obesity. Shri Modi emphasized the need to combat obesity and maintain a healthy lifestyle.

    In response to an article by Olympic Gold Medalist Neeraj Chopra on the importance of collective efforts for a Fit India, Shri Modi said in a post on X;

    “An insightful and motivating piece by Neeraj Chopra, which reiterates the need to fight obesity and remain healthy. @Neeraj_chopra1”

    ***

    MJPS/ST/SKS

    (Release ID: 2102146) Visitor Counter : 70

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Six arrested in international investment fraud operation

    Source: Europol

    The operation, which took place in the early hours of 27 January 2025, was carried out by law enforcement authorities in France, Spain and Israel, with support from Europol and judicial authorities.International fraud schemeThe investigation began after a French citizen was deceived between April and May 2022, believing he was making substantial investments in renewable energy contracts. The suspects maintained…

    MIL Security OSI –

  • MIL-OSI: Royalty Pharma Announces R&D Funding Collaboration With Biogen

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced that it has entered into an agreement with Biogen to provide research and development (R&D) funding of up to $250 million for litifilimab, a first-in-class investigational drug candidate in Phase 3 with demonstrated proof-of-concept in both systemic lupus erythematosus (SLE) and cutaneous lupus erythematosus (CLE).

    “We are excited to collaborate with Biogen on litifilimab,” said Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer. “Royalty Pharma offers tailored, win-win funding solutions for promising therapies in areas of high unmet medical need. Litifilimab has the potential to significantly improve treatment outcomes for patients living with lupus, and we are excited to support its Phase 3 development through this funding collaboration.”

    “This agreement highlights Biogen’s growing lupus portfolio and the potential of litifilimab, with its distinct mechanism of action, to address SLE and CLE – two forms of lupus where there are currently insufficient treatment options,” said Priya Singhal, M.D., M.P.H., Head of Development at Biogen. “We know patients are waiting, and this investment further supports the advancement of this promising investigational treatment through critical development stages.”

    Litifilimab is currently in Phase 3 trials for both SLE and CLE with results expected between 2026 and 2027. With a differentiated mechanism of action, litifilimab demonstrated proof of concept and a generally well-tolerated safety profile in SLE and CLE with results published in the New England Journal of Medicine1. Importantly, SLE is estimated to affect greater than 3 million patients worldwide. There are no targeted biologics specifically approved for CLE where litifilimab has the potential to be a first-in-disease medicine for these patients.

    Transaction Terms

    Royalty Pharma will provide up to $250 million over six quarters to Biogen to support the development of litifilimab in exchange for regulatory milestones and mid-single digit royalties on annual worldwide sales.

    Advisors

    Goodwin Procter, Dechert and Maiwald acted as legal advisors to Royalty Pharma.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 15 development-stage product candidates.

    Forward-Looking Statements

    The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this document unless stated otherwise, and neither the delivery of this document at any time, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof. This document contains statements that constitute “forward-looking statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995, including statements that express the company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results, in contrast with statements that reflect historical facts. Examples include discussion of Royalty Pharma’s strategies, financing plans, growth opportunities, market growth, and plans for capital deployment. In some cases, you can identify such forward-looking statements by terminology such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “target,” “forecast,” “guidance,” “goal,” “predicts,” “project,” “potential” or “continue,” the negative of these terms or similar expressions. Forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to the company. However, these forward-looking statements are not a guarantee of Royalty Pharma’s performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances, and other factors. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of Royalty Pharma’s control and could cause its actual results to differ materially from those it thought would occur. The forward-looking statements included in this document are made only as of the date hereof. Royalty Pharma does not undertake, and specifically declines, any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect future events or developments, except as required by law. For further information, please reference Royalty Pharma’s reports and documents filed with the U.S. Securities and Exchange Commission (“SEC”) by visiting EDGAR on the SEC’s website at www.sec.gov.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    _______________________
    1Trial of Anti-BDCA2 Antibody Litifilimab for Systemic Lupus Erythematosus, New England Journal of Medicine, 9/7/2022; Trial of Anti-BDCA2 Antibody Litifilimab for Cutaneous Lupus Erythematosus, New England Journal of Medicine, 7/27/2022

    The MIL Network –

  • MIL-OSI: Hyperscale Data Announces 32 Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Cumulative Redeemable Perpetual Preferred Stock

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Feb. 12, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it has successfully paid 32 consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”). Dividends on the Series D Preferred Stock are cumulative and are payable out of amounts legally available therefor at a rate equal to 13.00% per annum per $25.00 of stated liquidation preference per share, or $0.2708333 per share of Series D Preferred Stock per month.

    Milton “Todd” Ault III, Founder and Executive Chairman of the Company, stated, “The Company continues to reaffirm its commitment to enhancing its overall credit profile and making timely dividend payments on the Series D Preferred Stock. I want to highlight to all stockholders that the current yield on the Series D Preferred Stock is 21.05% based upon a closing price of $15.44 on February 11, 2025. I am confident in the long-term nature of the Series D Preferred Stock and am very proud of the Company’s track record with respect to the Series D Preferred Stock.”

    Link to NYSE quote for the Company’s 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock: https://www.nyse.com/quote/XASE:GPUSpD

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; Hyperscale Data, Inc.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Bitget Wallet Integrates Mantra Mainnet, Enabling Access to RWA Tokenization

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 12, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has announced full support for the Mantra Mainnet, a Layer 1 blockchain focused on the tokenization of real-world assets (RWA). With this integration, Bitget Wallet users can easily access Mantra’s network to transfer and receive $OM tokens, participate in cross-chain transactions, and explore staking opportunities through Mantra’s DApp.

    The Mantra Mainnet is designed to enable the onchain representation of real-world assets, bridging the gap between traditional finance and blockchain ecosystems. Through tokenization, Mantra aims to provide a scalable and flexible foundation for integrating RWAs within decentralized finance (DeFi). By offering a compliant-ready framework, it positions itself as a key player in unlocking RWA potential.

    Bitget Wallet’s integration with Mantra highlights its commitment to expanding user access to emerging on-chain asset ecosystems. Users can interact seamlessly with Mantra’s DApp, which offers $OM token staking, cross-chain functions, and official rewards programs. This integration aligns with the growing trend of bringing real-world asset exposure to the decentralized world.

    Looking ahead, Bitget Wallet plans to deepen its collaboration with Mantra through upcoming reward programs designed to encourage user participation in the evolving RWA ecosystem. “As real-world assets move on-chain, wallets become gateways to a new era of finance,” said Alvin Kan, COO of Bitget Wallet. “Our partnership with Mantra accelerates this shift by providing users with direct access to tokenized assets, reshaping how value is stored, transferred, and grown in the digital world.”

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.
    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook
    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b1b3321-b108-40cb-94a7-2d49171cac93

    The MIL Network –

  • MIL-OSI Economics: Singapore Airlines’ advertising campaigns focus on KrisWorld entertainment to elevate in-flight experience, reveals GlobalData

    Source: GlobalData

    Singapore Airlines’ advertising campaigns focus on KrisWorld entertainment to elevate in-flight experience, reveals GlobalData

    Posted in Business Fundamentals

    Singapore Airlines’ advertising campaigns between November 2024 and January 2025 effectively showcased its premium service offerings and entertainment capabilities, positioning the airline as an example of luxury travel and passenger experience. Through a series of targeted campaigns, the airline successfully highlighted its KrisWorld entertainment platform, exclusive partnerships, and commitment to exceptional service. This multifaceted campaigns were aimed at reinforcing Singapore Airlines’ commitment to deliver enhanced service and create memorable travel journeys, according to the Global Ads Platform of GlobalData, a leading data and analytics company

    Satya Prasad Nayak, Ads Analyst at GlobalData, comments: “Singapore Airlines has masterfully balanced the promotion of its entertainment offerings with its premium service excellence. By showcasing the extensive capabilities of KrisWorld alongside luxury partnerships like Charles Heidsieck champagne, Singapore Airlines demonstrates its commitment to elevating the entire travel experience. This strategic approach reinforces Singapore Airlines’ position as a premium carrier.”

    Below are the key focus areas of Singapore Airlines advertisements, revealed by GlobalData’s Global Ads Platform:

    Seamless digital entertainment experience: Singapore Airlines offers a “theatre in the sky” through KrisWorld Digital, featuring new releases, documentaries, TV shows, and live sports. Passengers can browse and plan their in-flight entertainment pre-flight via the KrisWorld platform. With integrated mobile apps and QR code accessibility, the airline blends digital innovation with personalized service for a seamless travel experience.

    Premium partnerships: Singapore Airlines’ collaboration with luxury brands, particularly through its partnership with Charles Heidsieck champagne, reinforces its premium positioning. The airline’s exclusive offerings in its first-class suites showcases its efforts to provide unique, high-end experiences. These partnerships extend to entertainment collaborations, including a special offer of Apple TV+ trials for passengers.

    Service excellence: The airline’s advertisements consistently emphasize the warmth and attentiveness of its cabin crew, particularly evident in campaigns featuring family travel experiences. This focus on personal service highlights Singapore Airlines’ commitment to creating memorable journeys for passengers of all ages, from children to elderly travellers, demonstrating the airline’s ability to cater to diverse passenger needs with equal care and attention.

    MIL OSI Economics –

  • MIL-OSI Economics: Supply chain drives M&A deal activity to record 5% YoY value growth in 2024, reveals GlobalData

    Source: GlobalData

    Supply chain drives M&A deal activity to record 5% YoY value growth in 2024, reveals GlobalData

    Posted in Strategic Intelligence

    Helped by a steady fall in interest rates and modest economic growth, global mergers and acquisition (M&A) deal activity surged during 2024, with a 5% increase in total deal value year-over-year (YoY). Supply chain resilience was a key theme that drove this momentum, with $160 billion in supply chain-related transactions across 22 deals, covering sectors like healthcare and industrials, reveals GlobalData, a leading data and analytics company.

    GlobalData’s latest Strategic Intelligence report, “Global M&A Deals in 2024 – Top Themes by Sector – Strategic Intelligence,” reveals that in terms of deal volume, there was a 0.3% decrease from 2023 to record 31,952 deals in 2024.

    Priya Toppo, Analyst, Strategic Intelligence at GlobalData, comments: “Rising geopolitical tensions, shifting demographics, heightened ESG regulations, ongoing labor shortages, and accelerated digital transformation have further intensified the focus on supply chain-related M&A deals. Companies are increasingly prioritizing resilient, localized, and technology-driven supply chains to mitigate risks and enhance operational efficiency. This was especially true in the healthcare, industrials, energy, and real estate sectors.”

    The biggest supply chain deal was Novo Holdings’ acquisition of Catalent for $17 billion. This deal was also the biggest in the industrials sector in 2024. It was followed by China First Heavy Industries’ merger with China Shipbuilding for $16 billion and Johnson & Johnson’s acquisition of Shockwave Medical for $13 billion.

    Toppo continues: “An ongoing trend is the dominance of North America in M&A deal activity, accounting for 12,571 deals worth $1.3 trillion during 2024. However, China, South America, and the Middle East and Africa saw a YoY decline in deal value.”

    Toppo concludes: “The M&A outlook for 2025 is cautiously optimistic, as potential rate cuts in certain markets and an improving global economic environment could drive deal activity. However, mega-deals may continue to face challenges, particularly in the US, where antitrust scrutiny remains a key focus for regulators.”

    MIL OSI Economics –

  • MIL-OSI Economics: AI, big data and cloud prominent technology themes in hiring in 2024, reveals GlobalData

    Source: GlobalData

    AI, big data and cloud prominent technology themes in hiring in 2024, reveals GlobalData

    Posted in Business Fundamentals

    • Active job index experiences a 1.4% YoY growth
    • India top country in terms of growth
    • Retail sector trends with high growth and postings

    The global job market dynamics in 2024 revealed a positive year-over-year (YoY) trend, despite companies continuing optimization efforts, with over 500 companies announcing layoffs. The retail sector experienced a rise in postings, driven by companies such as Amazon and Walgreens. The technology and communications sector, with major recruiters including Accenture, Reliance Jio, and Microsoft, also saw a rise in postings. Key technology themes driving hiring trends include artificial intelligence (AI), cloud, big data, cybersecurity, and batteries, reveals the Job Analytics Database of GlobalData, a leading data and analytics company.

    GlobalData’s latest report, Global Hiring Activity Trends & Signals – 2024, reveals that the new job postings for 2024 were driven by roles for AI/ML Engineers, Cloud Architects, and Generative AI Solution Architects.

    Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “The AI theme has experienced a notable 61% increase in job postings, driven by the need for AI/ML Engineers, Cloud Architects, and Generative AI Solution Architects in 2024. There is a growing demand for professionals skilled in ChatGPT and Copilot, reflecting a heightened focus on GenAI, AI Agents, and Agentic AI roles.”

    Countries such as China, Brazil, India, and Australia had a growth in job postings compared to the previous year. The US companies increased their hiring exposure to India while scaling back in China. The North American job onshoring declined in favor of postings in European and APAC nations.

    Meanwhile, Infrastructure-as-a-Service (IaaS) gained traction, driven by Cloud Infra Leads, Infra Security Engineers, and Data Center InfraOps Managers. Additionally, office productivity applications and enterprise resource planning applications were trending in 2024.

    Sriprada concludes: “2024 marks a pivotal year for the global job market, with tech themes driving much of the hiring activity. On the other hand, it is important to note that the shift towards onshoring in regions like India, coupled with reduced hiring in China, underscores the broader geopolitical and economic trends influencing talent acquisition strategies. This dynamic landscape presents both opportunities and challenges for organizations as they navigate the complexities of a rapidly evolving global workforce.”

    MIL OSI Economics –

  • MIL-OSI Economics: Stryker’s US spinal implants business sale to benefit competitors in spinal fusion, says GlobalData

    Source: GlobalData

    Stryker’s US spinal implants business sale to benefit competitors in spinal fusion, says GlobalData

    Posted in Medical Devices

    Stryker has recently agreed to sell its US spinal implants business to the Viscogliosi Brothers and the newly formed company will be VB Spine. This move is expected to enable its major competitors to strengthen their position in the US spinal fusion market, which was worth an estimated $5.7 billion in 2024 and is expected to reach $6.7 billion in 2034 with a compound annual growth rate (CAGR) of 1.64%, according to GlobalData, a leading data and analytics company.

    Stryker occupies a relatively small portion of the US spinal fusion market, making up approximately 9.1%, and has experienced relatively slow growth since its entry into the market. Conversely, major players such as Medtronic and Globus Medical cover 37.5% and 23.9%, respectively.

    Aidan Robertson, Medical Analyst at GlobalData, comments: “The sale decision appears to be the logical next step when considering Stryker’s performance in this market, and in the long term, it may prove beneficial for the company as it continues to focus on interventional spine products.   While Stryker does not cover a large section of the market, its competitors are expected to use this opportunity to grow their influence towards what was previously Stryker’s section of the space, which could pose challenges for VB Spine going forward.”

    The spinal fusion market is expected to continue to grow due to increasing incidences of spinal disorders in combination with advancements in surgical navigation and imaging technologies, which allow for better surgical precision and better patient outcomes. Additionally, the potential patient pool for these types of procedures will likely increase because of the aging population. The limiting factor to the growth is the high cost of treatment; however, as advancements continue in this field, that may become less of a barrier.

    Robertson concludes: “As the spinal fusion market continues to expand, Stryker’s latest sale of the US spinal implants business poses a significant growth opportunity for the other major players, and we may see certain moves by those companies as they attempt to strengthen their positions in the future.”

    MIL OSI Economics –

  • MIL-OSI Economics: Involmo: BaFin warns about website involmo.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website involmo.com. According to information available to BaFin, the operator Involmo is providing financial and investment services on this website without the required authorisation. The operator claims to be licensed in the United Kingdom. This is not the case.

    Anyone providing financial and investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics –

  • MIL-OSI NGOs: Haiti: Children suffering gang recruitment, attacks and sexual violence amid escalating crisis – new report

    Source: Amnesty International –

    • Multiple gangs responsible for human rights abuses against children
    • Extreme violence and intimidation rife in Port-au-Prince and surrounding areas
    • “The lives of far too many children in Haiti are being wrecked” – Agnès Callamard

    The relentless gang violence in Port-au-Prince and surrounding areas has resulted in a brutal attack on childhood in Haiti, Amnesty International said in a new report.

    “I’m a child, why did this happen to me?”: Gangs’ assault on childhood in Haiti, documents how children are being subjected to a litany of human rights abuses including recruitment into gangs, rape and other forms of sexual violence, abductions, killings and injuries. The disproportionate impact on children with disabilities is also documented.

    Since the assassination of President Jovenel Moïse in July 2021, violence by armed gangs has escalated significantly in Haiti, claiming an estimated 5,600 lives last year. Gangs control the majority of the capital Port-au-Prince, while more than 5.5 million people require urgent humanitarian assistance.

    Gangs have caused widespread distress in Haiti… Haiti needs urgent assistance to protect children and to prevent further cycles of violence.

    Agnès Callamard, Amnesty International’s Secretary General

    “Gangs have caused widespread distress in Haiti. They threaten, beat, rape and kill children. They have committed multiple abuses of children’s rights, including the rights to life, to education, and to freedom of movement,” said Agnès Callamard, Amnesty International’s Secretary General.

    “The lives of far too many children in Haiti are being wrecked, and they have nowhere to go for protection or justice. They are chased and at times killed by self-defence groups, while the authorities arbitrarily detain them. Childhood is being stolen.

    “It is time for Haitian authorities and the international community, including donors, to step up their efforts. Empty expressions of concern are not enough. Children’s bodies, minds and hearts are violated every day. Haiti needs urgent assistance to protect children and to prevent further cycles of violence.”

    More than 1 million children are estimated to be living in areas controlled by or under the influence of gangs. Researchers interviewed 112 people and visited Port-au-Prince in September 2024. Interviewees included children, government officials, Haitian and international aid workers and UN staff members. The research covered violations and abuses in eight communes of the West Department.

    In December 2024, Amnesty International wrote to the office of Prime Minister Alix Didier Fils-Aimé, presenting a summary of the findings. At the time of publication, no response had been received.

    MIL OSI NGO –

  • MIL-OSI Europe: Romanian firms as likely as others in EU to tackle impacts of weather and reduce carbon emissions, EIB Investment Survey shows

    Source: European Investment Bank

    • Around three in 10 Romanian firms reported innovation activity, in line with EU average.
    • Romanian businesses are also on par with other EU-based companies in use of digital technologies.
    • Romanian firms perform better than counterparts elsewhere in EU in gender balance

    Most Romanian firms – 90% – have acted to reduce greenhouse gas emissions, in line with companies elsewhere in Europe, according to a European Investment Bank (EIB) Group survey. Companies in Romania have taken steps such as curbing waste, recycling, saving energy and embracing cleaner technologies, new country results from the EIB Group Investment Survey (EIBIS) show.

    Romanian firms are more likely than other EU-based businesses to have limited waste, recycled and invested in less-polluting technologies but less likely to have pursued energy efficiency, according to the national data.

    EIBIS is an annual report based on polling of approximately 13,000 firms in all EU Member States plus a sample from the United States. Its main results were released in October 2024, showing that EU businesses lead way in investments in climate mitigation and adaptation.

    The detailed country reports for individual member states were released today. Key takeaways for Romania include:

    • Investments stand at 27% above pre-pandemic levels.
    • The share of investing firms is 70%, below an EU average of 87%.
    • The share of innovative firms in Romanian is like the EU average, with three in ten reporting innovation activity.
    • Uncertainty about the future, energy costs and an insufficiency of skilled staff remain key concerns for businesses in Romania.

    “Romanian businesses are demonstrating resilience and optimism, even amid global economic uncertainties,” said EIB Vice-President Ioannis Tsakiris. “The EIB Group remains committed to supporting the country’s investment ambitions, ensuring that local businesses on the ground in Romania have access to the financing they need to thrive in a competitive global landscape.”

    The full country report about Romania is available here.

    Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg.

    The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe’s policies, including industrial decarbonisation, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe.

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    MIL OSI Europe News –

  • MIL-OSI Europe: Slovenian businesses among EU’s climate-action leaders, EIB Investment survey shows

    Source: European Investment Bank

    • Almost all companies in Slovenia – 97% – have taken steps to cut emissions, according to annual survey commissioned by EIB.
    • Share of Slovenian businesses moving to reduce carbon footprint is second highest in EU.
    • Slovenian firms also have done more than most in EU in embracing digital technologies.

    Nearly all Slovenian companies – 97% – have taken steps to reduce greenhouse gas emissions, the second-highest share in Europe behind only Finland, according to a European Investment Bank (EIB) Group survey. In addition, four in five Slovenian businesses have embraced advanced digital technologies compared with a European Union average of 74%, new country results from the EIB Group Investment Survey (EIBIS) show.

    EIBIS is an annual report based on polling of approximately 13,000 firms in all EU Member States plus a sample from the United States. Its main results were released in October 2024, showing that EU businesses lead the way in investments in climate mitigation and adaptation.

    The detailed reports for individual EU countries were published today. Key takeaways for Slovenia include:

    • The share of Slovenian companies that have moved to reduce greenhouse gas emissions trails only Finland’s 99% in the EU, where the average is 91%.
    • Slovenian businesses are more likely than counterparts elsewhere in the EU to invest in less-polluting technologies and sustainable practices.
    • Slovenian firms are more likely than EU firms to have adopted automation via robotics, Internet of Things and big data/AI.
    • Green strategies by firms in Slovenia include saving energy, curbing waste and recycling.
    • Regarding investment barriers, Slovenian companies express concerns about political, regulatory and economic factors and an insufficiency of skilled staff is the most common obstacle cited.

    “Slovenian firms are leading the way in green and digital investments, showing strong commitment to sustainability and innovation,” said EIB Vice-President Kyriacos Kakouris. “However, challenges such as regulatory uncertainty and workforce availability must be addressed to unlock further growth. The EIB Group is committed to continue supporting Slovenian businesses to overcome these challenges and boost their competitiveness.” 

    The full country report about Slovenia is available here.

    Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg.  

    The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe’s policies, including industrial decarbonisation, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe. 

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – Structured dialogue with Commissioner Hadja Lahbib – Committee on Women’s Rights and Gender Equality

    Source: European Parliament

    On Tuesday, 18 February 2025, the FEMM Committee invited Commissioner for Equality, Hadja Lahbib, to debate on the cooperation in the upcoming legislative period.

    The FEMM Committee welcomes Commissioner for Equality Hadja Lahbib for a structured dialogue, with a view to seeking a common understanding of the legislative work and Commission initiatives in the area of equality for the 10th legislative term.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Circularity requirements for vehicle design and management of end-of-life vehicles – 12-02-2025

    Source: European Parliament

    The EU’s automotive sector is resource-intensive. There are 286 million motor vehicles on the road in the EU, and every year around 6.5 million vehicles become waste. If improperly managed, these vehicles may cause environmental damage and the economy may lose millions of tonnes of materials. In July 2023, the European Commission presented a proposal for a regulation addressing the whole life cycle of vehicles, from design to end-of-life, aimed at improving design and end-of-life management of vehicles for a more resource-efficient automotive sector. It would set circularity requirements on vehicle design and production concerning reusability, recyclability, recoverability and the use of recycled content. It would also lay down requirements on information and labelling of parts, components and materials in vehicles. In addition, the proposed regulation would establish requirements on extended producer responsibility, collection and treatment of end-of-life vehicles, and on the export of used vehicles from the EU to third countries. The proposal is now in the hands of the co-legislators. In the European Parliament, the Committees on Environment, Public Health and Food Safety (ENVI) and Internal Market and Consumer Protection (IMCO) are jointly responsible for the file. The joint committee vote is scheduled for June 2025. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB Investment Survey shows Belgium investments have returned above pre-COVID levels.

    Source: European Investment Bank

    • Investments in Belgium last year were 4% higher than pre-COVID levels.
    • Businesses in Belgium are ahead of overall European levels in terms of innovation and adoption of advanced digital technologies.
    • Share of Belgian firms prioritising development or introduction of new products and services is far above the bloc’s average.

    A very high percentage of Belgian firms (90%) reported having adopted digital technologies, the second highest percentage of all EU-countries and far above the bloc’s average, according to the European Investment Bank (EIB) Group Investment Survey country results released today. The survey results for Belgium also show that Belgian businesses are far ahead in using Internet of Things (IoT) in their firms. In this field Belgium is far ahead of other EU countries, with an adoption rate of around 65%.

    The EIB Group Investment Survey (EIBIS), is an annual report based on polling of approximately 13,000 firms across all EU member states, with an additional sample from the United States. Its main results were released in October, showing that EU businesses lead way in investments in climate mitigation and adaptation.

    The detailed country reports for individual member states are released today

     When it comes to Belgium, key takeaways include:

    • Together with the Netherlands, Belgium leads the way in terms of the share of businesses’ investments devoted to intangible assets like software, data and website activities.
    • Belgium shows a strong focus on investments in new products and services (39% vs. EU average of 25%).
    • Around six out of every ten Belgian businesses (58%) invested in energy efficiency improvements.

    “European companies are making significant progress in tackling climate change and embracing digital transformation across the board,” remarked EIB Chief Economist Debora Revoltella. “However, enhancing EU investment necessitates a more cohesive and integrated single market.”

    The full country report about Belgium is available here.

    Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg.  

    The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe’s policies, including industrial decarbonization, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe. 

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    In 2024, the EIB Group reached a funding volume of just over €2 billion in Belgium, focusing on energy, innovation, SMEs and climate.

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB Investment Survey 2024: Investment in Portugal remains strong, yet companies face regulatory and financial challenges above the EU average

    Source: European Investment Bank

    • Investment in Portugal continues to grow, standing 14% above pre-pandemic levels.
    • Compliance with new regulations and logistical challenges are the main barriers to business activity.
    • Financial constraints are increasing, with more Portuguese companies facing financing restrictions above the EU average.
    • Regulation and bureaucracy hinder investment, posing greater obstacles in Portugal than in the rest of Europe.

    Investment in Portugal is nearly 14% above pre-pandemic levels in real terms, continuing to grow despite some volatility in the first half of 2024. The percentage of companies planning to increase investment remains stable (20%) and above the EU average.

    The EIB Group Investment Survey (EIBIS), is an annual report based on polling of approximately 13,000 companies across all EU member states, with an additional sample from the United States. Its main results released in October, indicate, among other findings, that many businesses in EU remain optimistic about investment over the past three years.

    The detailed country reports are available today, with key takeaways for Portugal including:

    • Regulatory and logistical challenges weigh on Portuguese businesses – Compliance with new regulations, standards, and certifications, as well as logistical challenges, are the main obstacles to business activity. Compared to EU companies, Portuguese businesses express greater concern over access to raw materials and components.
    • Financial constraints are increasing and exceed the EU average – The percentage of Portuguese companies struggling to access financing has risen significantly and is now above the European average, due to loan rejections, difficulties in securing sufficient financing, and high credit costs.
    • Key barriers to investment – Portuguese companies identify the main obstacles to expansion as uncertainty about the future, lack of skilled labor, regulation, and energy costs. Bureaucracy and business regulations remain more significant challenges in Portugal than in the rest of the EU.

    “Portugal’s strong investment performance, despite financial and regulatory pressures, demonstrates the resilience of its businesses”, said EIB Chief Economist Debora Revoltella. “While compliance costs, bureaucracy, and financing difficulties remain key challenges, Portuguese companies continue to adapt and innovate. As the EU bank, the EIB will continue to support investments that enhance resilience, sustainability, and long-term growth.”

    The full country report about Portugal is available here.

    Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg. 

    The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe’s policies, including industrial decarbonisation, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe.

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    In 2024, the EIB Group reached a funding volume of €2.1 billion in Portugal, focusing on energy transition and support for SMEs and midcaps, the backbone of the Portuguese economy.

    MIL OSI Europe News –

  • MIL-OSI Europe: Most Estonian businesses have taken steps to reduce emissions, EIB Investment Survey shows

    Source: European Investment Bank

    • Vast majority of Estonian firms has acted to reduce greenhouse gas emissions, aligning with efforts across the EU.
    • Estonian businesses are generally satisfied with their investment levels over the past three years.
    • Uncertainty about the future, insufficiency of skilled staff and energy costs are top three investment obstacles for companies in Estonia.

    Almost nine in 10 Estonian firms – 87% – have acted to reduce greenhouse gas emissions, in line with a 91% average in Europe, according to a European Investment Bank (EIB) Group survey. Estonian businesses are more likely than companies elsewhere in the European Union to promote cleaner technologies and business areas while being less likely to focus on energy efficiency, new country results from the EIB Group Investment Survey (EIBIS) show.

    EIBIS is an annual report based on polling of approximately 13,000 firms across all EU Member States plus a sample from the United States. Its main results were released in October 2024, showing that EU businesses lead way in investments in climate mitigation and adaptation.

    The detailed reports for individual EU countries were published today. Key takeaways for Estonia include:

    • Most Estonian firms –  73% – are satisfied with their investment levels over the past three years.
    • The business environment remains a concern for Estonia-based companies, with uncertainty about the future, an insufficiency of skilled staff and energy costs being the top three investment obstacles.
    • Compared with the EU average, Estonia has a higher share of companies with 40% or more women in senior management and a similar share where 50% or more of the company owners are women.
    • Almost three-quarters of Estonian firms – 74% – are integrated into global trade compared with an average in the EU of 63%.

    “Estonian firms are demonstrating a strong commitment to sustainability by taking actions to reduce greenhouse gas emissions,” said EIB Vice-President Thomas Östros. “Their investments in new, less-polluting technologies highlight Estonia’s proactive approach to addressing climate change and fostering green growth.”

    The full country report about Estonia is available here .

    Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg.  

    The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe’s policies, including industrial decarbonisation, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe. 

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.    

    In 2024, Estonia received €498 million in financing from the EIB Group, fuelling business innovation and green growth.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: New Season of Drama at The Guild Lounge

    Source: City of Preston

    A line-up of great drama productions to continue the Guild Lounge tradition

    The Guild Lounge is set to captivate audiences with an exciting new season of drama events, featuring a diverse lineup of theatrical performances. This season promises gripping storytelling, offering something for every theatre enthusiast.

    The upcoming programme includes:

    Truly Jack The Ripper

    A thrilling theatrical retelling of the infamous Whitechapel murders, delving deep into the mystery and horror of history’s most notorious serial killer. In this theatrical shocker, award-winning actor Jonathan Goodwin plays different characters and explores the murders and the myths of the infamous Jack the Ripper.

    Sherlock Strikes Back

    The world’s greatest detective returns in an original adventure, blending intrigue, wit, and deduction to challenge audiences at every turn. Be puzzled by the mysterious Red-Headed League, then join Holmes as he matches wits with the nefarious Professor Moriarty and Colonel Moran.

    Guy Fawkes’ Mother

    One woman has a story to tell, she’s the mother of the most famous terrorist in England. A dramatic exploration of the Gunpowder Plot through the eyes of Edith Fawkes, shedding new light on one of Britain’s most famous conspiracies.

    The 39 Steps

    A fast-paced and inventive adaptation of the classic spy thriller, bringing humour, suspense, and action to the stage in a uniquely engaging performance.

    The Guild Lounge continues its tradition of hosting high-quality theatrical productions, providing audiences with an intimate and atmospheric venue to enjoy live drama. This season’s lineup showcases a mix of historical and original storytelling, ensuring an exciting experience for all.

    Tickets for upcoming events are now on sale.

    For more information about The Guild Lounge, please visit The Guild Hall – Guild Lounge.

    You can also follow The Guild Hall on their socials at: Facebook – The Guild Hall Preston, Instagram – The Guild Hall Preston, X – The Guild Hall Preston.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Tatyana Golikova: All-Russian Occupational Safety Week 2025 will be held from September 15 to 18 at Sirius

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Tatyana Golikova held a meeting of the organizing committee for the preparation and holding of the 10th All-Russian Occupational Safety and Health Week (VNOT-2025) in 2025. On the left is the Minister of Labor and Social Protection Anton Kotyakov

    February 12, 2025

    Tatyana Golikova held a meeting of the organizing committee for the preparation and holding of the 10th All-Russian Occupational Safety and Health Week (VNOT-2025) in 2025

    February 12, 2025

    Tatyana Golikova held a meeting of the organizing committee for the preparation and holding of the 10th All-Russian Occupational Safety and Health Week (VNOT-2025) in 2025

    February 12, 2025

    Previous news Next news

    Tatyana Golikova held a meeting of the organizing committee for the preparation and holding of the 10th All-Russian Occupational Safety and Health Week (VNOT-2025) in 2025. On the left is the Minister of Labor and Social Protection Anton Kotyakov

    The 10th All-Russian Occupational Safety Week will be held from September 15 to 18, 2025, in Sirius. This decision was made at a meeting of the organizing committee for the preparation and holding of the 10th All-Russian Occupational Safety Week (VNOT-2025) in 2025, which was chaired by Deputy Prime Minister Tatyana Golikova.

    The following took part in the work of the organizing committee: Advisor to the President of Russia Anton Kobyakov, Minister of Labor Anton Kotyakov, Head of the Federal Medical and Biological Agency Veronika Skvortsova, President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, as well as representatives of the Administration of the President of Russia, the Government of Russia, federal and regional ministries and departments, the Roscongress Foundation, Rostec, Rosatom, Gazprom, the FNPR and the Russian Union of Industrialists and Entrepreneurs.

    As noted by Deputy Prime Minister, Chairperson of the Organizing Committee for the All-Russian Week of Labor Protection Tatyana Golikova, the All-Russian Week of Labor Protection plays a vital role in drawing attention to modern challenges in the social and labor sphere and popularizing safety at work. Within the framework of the All-Russian Week of Labor Protection, specialists in the field of labor protection and industrial safety have the opportunity to exchange best practices in promising solutions, new technologies and developments aimed at preserving the life and health of workers. “In today’s conditions, when we feel a shortage of labor, we began to implement the national project “Personnel” from January 1, 2025, we are rebooting the education system so that it corresponds to the training of personnel that the economy needs, labor protection issues are becoming one of the most important. Therefore, holding the All-Russian Week of Labor Protection is more relevant than ever. In 2025, the anniversary 10th All-Russian Week of Labor Protection will be held from September 15 to 18 in the federal territory “Sirius”. At the same time, the scale of this event is expanding every year, and this year it is also planned to hold satellite events in St. Petersburg and Krasnoyarsk,” said Tatyana Golikova.

    Adviser to the President of Russia Anton Kobyakov noted in his speech that the agenda of the event is becoming more ambitious every year and raises issues not only of labor protection, but also of a broad range of social security issues for citizens. “Over the years of its existence, the All-Russian Labor Protection Week has evolved from a conference into the country’s main forum on social protection, labor protection, industrial safety and other issues of supporting working people. The agenda of the Week is becoming more ambitious every year, and its international component is growing from year to year. About 10 thousand participants are expected at the anniversary forum, and it is planned to increase the number of foreign guests, manufacturing, consulting companies and participants in the exhibition of personal protective equipment manufacturers. It is also proposed to supplement the VNOT program with international format events with friendly countries, including BRICS countries. In addition, in the year of the 80th anniversary of Victory in the Great Patriotic War, its special role will be reflected in the VNOT-2025 program and at the forum site,” Anton Kobyakov emphasized.

    The main strategic theme of the VNOT 2025 business program will be “Population conservation – a guarantee of sustainable development”.

    “In 2025, the All-Russian Occupational Safety Week celebrates its anniversary – 10 years since the first event. During this time, the forum has become an integral part of the personnel agenda, and has taken its rightful place among the key business events of the country. One of the most important goals of the national development of the Russian Federation for the period up to 2030 and for the future up to 2036 is to preserve the population, meet the needs of the labor market, as well as realize the potential of each person and develop their talents. Taking this into account, the theme of VNOT-2025 will be “Population conservation – a guarantee of sustainable development”. The program of the event is expanding annually, new interesting tracks appear. Within the framework of VNOT-2025, work will continue on the international track, including in terms of the labor protection network of the BRICS countries,” said Anton Kotyakov, head of the Ministry of Labor.

    Also, on the sidelines of the All-Russian National Exhibition of Labour and Employment, a meeting of the Advisory Council on Labour, Employment and Social Protection of the Population of the Member States of the Commonwealth of Independent States will traditionally be held.

    At the anniversary VNOT, the exhibition exposition will be expanded: stands will be added dedicated to industrial robotics and the development of innovations in the field of safe work in production. Particular attention will be paid to the rehabilitation and restoration of workers’ health, as well as the adaptation and employment of veterans of the SVO.

    With the support of Delovaya Rossiya and Opora Rossii, it is planned to create and launch a special track of the business program of the All-Russian Occupational Safety Week, aimed at small and medium-sized businesses.

    Traditionally, the VNOT-2025 will include a Youth Day with the participation of HR specialists from the largest enterprises, and the results of the professional excellence competition in the field of social services and labor protection competitions will be summed up. Satellite events of the VNOT-2025 will be held in April in St. Petersburg and in June in Krasnoyarsk.

    The organizer of the All-Russian Occupational Safety Week is the Ministry of Labor and Social Protection, the operator is the Roscongress Foundation. Last year, VNOT was held from September 10 to 13 in Sirius. Official website of VNOT: HTTP: // Rruusafetesk.kom.

    The key topic of the plenary session in 2024 is the formation of a culture of safe work. Traditionally, the VNOT platform hosted conferences, round tables, all-Russian industry seminars and meetings and international meetings, including a meeting of the BRICS Ministers of Labor and Employment. The business program, which consisted of more than 150 events, was attended by more than 8 thousand people from 89 regions of Russia and 27 countries, 200 foreign delegates and representatives of more than 1.7 thousand companies.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI United Nations: Bangladesh protests probe reveals top leaders led brutal repression

    Source: United Nations MIL OSI b

    Peace and Security

    The repression of mass protests in Bangladesh last year that toppled the country’s president left as many as 1,400 people dead in just 46 days – the vast majority shot by security forces, UN human rights chief Volker Türk said on Wednesday.

    In addition to those killed by the former government’s security and intelligence services alongside Awami League party associates, the OHCHR report into the alleged crimes indicated that thousands were injured, including one youngster who was shot in the hand at point-blank range for throwing stones.

    “There are reasonable grounds to believe that officials of the former government, its security and intelligence apparatus, together with violent elements associated with the former ruling party, committed serious and systematic human rights violations,” the High Commissioner for Human Rights said.

    Speaking in Geneva, Mr. Türk highlighted that some of the gravest violations detailed in the report may constitute international crimes that could be heard by the International Criminal Court (ICC), as Bangladesh is a State party to the Rome Statute which created the tribunal in The Hague. The ICC’s foundational Statute gives it jurisdiction over genocide, crimes against humanity, war crimes and the crime of aggression (following an amendment in 2010).

    Read our ICC explainer here.

    Alleged crimes in Bangladesh against the student-led protest included “hundreds of extrajudicial killings, extensive arbitrary arrest and detention and torture, and ill treatment, including of children, as well as gender based violence”, the UN rights chief said.

    Iron grip on power

    Furthermore, these violations “were carried out with the knowledge, coordination and direction of the former political leadership and senior security officials, with a specific goal of suppressing the protests and keep the former government’s grip on power”.

    According to the OHCHR report, as many as 12 to 13 per cent of those killed were children. Bangladesh Police also reported that 44 of its officers were killed between 1 July and 15 August 2024.

    Last summer’s protests that led Prime Minister Sheikh Hasina to step down after 15 years in power were triggered by the High Court’s decision to reinstate a deeply unpopular quota system in public service jobs. But broader grievances were already entrenched, arising from “destructive and corrupt politics and governance” that had entrenched inequalities, the UN human rights office report maintained.

    Soundcloud

    “I went to one of the hospitals in in Bangladesh when I visited, and I could talk to some of the survivors and some of them will be disabled for their lives. Especially young people…some of them were children,” Mr. Türk told journalists in Geneva, recounting his visit to Dhaka in September.

    State killings

    “The brutal response was a calculated and well-coordinated strategy by the former Government to hold onto power in the face of mass opposition,” insisted UN Human Rights Chief Volker Turk.

    “The testimonies and evidence we gathered paint a disturbing picture of rampant State violence and targeted killings, that are amongst the most serious violations of human rights, and which may also constitute international crimes. Accountability and justice are essential for national healing and for the future of Bangladesh,” he added.

    The UN human rights office probe mission started work in Bangladesh on 16 of September 2024 with a team that included a forensic physician, a weapons expert, a gender expert and an open-source analyst. The investigators visited protest hotspots including universities and hospitals. Their work was complemented by more than 900 witness testimonies.

    Soundcloud

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Facing the heat: How the Arab Region is tackling rising temperatures

    Source: UNISDR Disaster Risk Reduction

    Kuwait City, 12 February 2025 – Extreme heat is no longer a distant threat – it is a present reality. Across the Arab region, temperatures are reaching record highs, with some areas exceeding 50°C in recent years. Heatwaves, once described as the “silent killer,” are growing in intensity, duration, and frequency, posing severe risks to human health, economies, and ecosystems.

    At the Sixth Arab Regional Platform for Disaster Risk Reduction, a special session on extreme heat shed light on the urgency of this escalating crisis and the actions needed to strengthen resilience. The discussion aligned with the United Nations Secretary-General’s Call to Action on Extreme Heat, which urges global efforts to protect vulnerable populations, safeguard workers, enhance economic and societal resilience, and accelerate climate action.

    Climate projections paint a concerning picture for the Arab region. By 2041-2060, many areas will experience over 100 days per year where temperatures exceed 40°C, with some reaching 175 days annually. Coastal cities, where most of the region’s population resides, are particularly vulnerable, as the urban heat island effect compounds the crisis. Rising temperatures are a public health issue and a major challenge for food security, water resources, and economic stability.

    Extreme heat events are already taking a toll on livelihoods. Outdoor workers, such as those in construction and agriculture, face heightened risks of heat-related illnesses, while agricultural productivity declines due to drought, crop failures, and desertification. Even marine ecosystems are feeling the impact, with coral bleaching and declining oxygen levels in the Red Sea and Arabian Sea.

    The special session emphasized that while heatwaves are intensifying, they do not have to lead to catastrophe. Proactive planning, effective governance, and public awareness can help reduce risks and protect lives. Key approaches discussed included:

    • Improving heatwave forecasting and early warning systems to ensure communities receive timely alerts and can take protective measures.
    • Strengthening heat governance frameworks by recognizing heatwaves as disasters in national and local policies, enabling more effective responses.
    • Developing heat action plans tailored to cities and regions, integrating measures such as cooling centers, heat-adaptive infrastructure, and public awareness campaigns.
    • Ensuring cross-sectoral coordination, particularly between disaster risk management agencies and health services, to improve response strategies and preparedness.

    The session also underscored the need for greater investment in climate adaptation, particularly in solutions that cool urban environments, such as increasing green spaces and rethinking city planning to reduce heat absorption.

    A call for collective action

    As temperatures continue to rise, addressing extreme heat must become a priority for policymakers, scientists, and communities alike. The discussions at the Sixth Arab Regional Platform for DRR highlighted that while the challenge is immense, solutions exist – and with the right investments and policies, the region can become more heat-resilient.

    Extreme heat is a climate issue, a development challenge, a health emergency, and a humanitarian concern. Strengthening resilience will require bold action, innovation, and collaboration at all levels. As the world races to limit global temperature rise to 1.5°C, the Arab region’s approach to extreme heat will be a crucial test of its ability to adapt to a rapidly changing climate.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: WRRC Webinar: Paving the Way: Optimizing Governance Mechanisms for Resilient Recovery

    Source: UNISDR Disaster Risk Reduction

    Venue

    Online participation via Zoom

    This webinar, held in the lead-up to the World Resilient Recovery Conference (WRRC), will examine the instrumental role in strengthening governance systems for effective and inclusive disaster recovery. When governance structures are prepared in advance—with clear mandates, strong institutional frameworks, and well-coordinated leadership—they enable faster, more effective recovery while reducing long-term vulnerabilities. The session will highlight key governance challenges and opportunities, focusing on how readiness can drive better coordination, resource allocation, and decision-making in post-disaster contexts.

    The discussion will draw on lessons from past disaster recoveries, showcasing how different governance models have shaped recovery outcomes. Key themes include cross-sectoral coordination, institutional capacity, financing mechanisms, and strategies for ensuring inclusive decision-making. Insights from global case studies will inform practical approaches to strengthening governance for resilient recovery, aligning with Sendai Framework Priority 4 and the Global Call to Action for Investing in Readiness for Resilient Recovery.

    This webinar is jointly organized by the United Nations Office for Disaster Risk Reduction (UNDRR), the United Nations Development Programme (UNDP), the Asian Disaster Preparedness Center and the World Health Organization (WHO).

    Session objectives

    This session will explore the role of governance systems in recovery, highlighting how pre-established institutional frameworks, policy arrangements, coordination mechanisms, and stakeholder engagement contribute to effectively manage recovery efforts, including from complex crisis. By examining different governance models, the discussion will emphasize how clear mandates, inclusive decision making, and well-coordinated response structures can enhance recovery readiness and long-term 

    The outcomes of this session will directly contribute to the implementation of the Global Call to Action for Investing in Readiness for Resilient Recovery and inform the broader agenda of the World Resilient Recovery Conference (WRRC). By focusing on governance, this discussion will inspire global efforts to prioritize readiness and resilience in recovery strategies.

    This session further aims to:

    1. Examine Governance Approaches: Analyze different governance models for disaster recovery, focusing on institutional arrangements, policies and coordination mechanisms that contribute to effective recovery processes and highlight the importance of defining these beforehand. 
    2. Examine the key components of a ‘ready’ governance mechanisms that is capable of driving resilient recovery
    3. Identify Success Factors for effective governance to drive : Highlight successful governance models from global recovery efforts, with lessons on what worked and what did not. Highlight essential components of effective governance, such as clear mandates, cross-sectoral coordination, clear financing mechanisms, and community engagement, that enable resilient and inclusive recovery.
    4. Identify actionable strategies for strengthening inclusivity, transparency, and efficiency in recovery governance.
    5. Generate Actionable Recommendations and Establish Governance Benchmarks:  Develop practical guidance and benchmarks for policymakers, practitioners, and development partners to strengthen governance systems, ensuring that pre-disaster institutional arrangements are in place to facilitate rapid and effective recovery efforts.

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  • MIL-OSI United Nations: WRRC Webinar: Unlocking Financial Potential: Scalable Solutions for Resilient Recovery

    Source: UNISDR Disaster Risk Reduction

    Venue

    Online participation via Zoom

    This session aims to recognize the main barriers and potential solutions to that countries and international organizations face in terms of design and implementation of recovery finance strategies. Real cases will help showcase actionable solutions that can be applied by governments, the private sector and community organizations to achieve more inclusive and comprehensive financial coverage for recovery efforts.

    This webinar is jointly organized by the Asian Development Bank (ADB), the Development Bank of Latin America and the Caribbean (CAF), the United Nations Capital Development Fund (UNCDF), and the United Nations University – Institute for Environment and Human Security (UNU-EHS).

    Objectives

    The session will serve as a precursor to the technical session at the World Resilient Recovery Conference (WRRC), gathering feedback on key recovery finance topics and elements identified. It will explore the challenges countries face when tackling finance recovery readiness, identifying key barriers to effective recovery. It will share successful strategies and tools for financing recovery processes. Interested stakeholders will be engaged in the WRRC, fostering collaboration and broadening participation. Groundwork will be conducted for ensuring meaningful discussions at the WRRC, setting the foundation for impactful conversations moving forward.

    The webinar further aims to:

    1. Highlight the role of different finance recovery stakeholders.
    2. Highlight key challenges and lessons learned from past disasters.
    3. Formulate concrete challenges countries and international partners face in recovery financing.
    4. Set the stage for in-depth discussions at the WRRC technical session.

    How to register:

    Online (Zoom), 15 April, 2-3.30 pm CET:

     

    MIL OSI United Nations News –

  • MIL-OSI United Nations: WRRC Webinar: Driving Resilience: The Critical Role of Private Sector’s Readiness for Recovery

    Source: UNISDR Disaster Risk Reduction

    Venue

    Online participation via Zoom

    This webinar aims to address the critical role of private sector resilience in disaster recovery, highlighting the economic and social impacts of disasters on business operations. The session will explore lessons from past disasters, the links between climate change and operational resilience, and public-private collaboration in building resilience. Through expert insights and interactive discussions, it will highlight practical strategies for disaster adaptation and recovery, featuring contributions from key resilience networks. The discussion will also initiate dialogue on principles for private sector engagement in Disaster Risk Management (DRM) and emergency response, assessing their business case and gathering stakeholder feedback. Participants will gain actionable insights to strengthen organizational resilience and contribute to shaping emerging guidelines for private sector involvement in DRM.

    This webinar is co-organized by the Corporate Chief Resilience Officers (CCRO) Network, ARISE Private Sector Alliance for Disaster Resilient Societies, Asian Disaster Preparedness Center (ADPC), and the United Nations Office for Disaster Risk Reduction (UNDRR).

    Background

    Disasters disrupt communities and private sector operations, which form the backbone of economies and livelihoods. With businesses accounting for 70-80% of economic activity in most countries, their resilience is vital for recovery and stability. However, disasters often expose weaknesses in operational readiness, leading to financial losses, supply chain disruptions and prolonged recovery periods, affecting both businesses and national economies.

    Recent events such as Hurricane Katrina, the 2011 Great East Japan Earthquake, and the COVID-19 pandemic have demonstrated the severe impact disasters can have on private sector continuity. Climate change further intensifies these risks, with rising sea levels, extreme weather and resource scarcity threatening business sustainability, particularly in vulnerable regions. Strengthening private sector preparedness is essential to mitigate these cascading effects and ensure resilient recovery.

    Objectives

    This webinar will serve as a precursor to the technical session at the World Resilient Recovery Conference (WRRC), focusing on enhancing the operational readiness of private sector actors for resilient recovery. It will explore key challenges and data gaps related to private sector resilience, including operational continuity, financial preparedness, climate change impacts, and public-private collaboration. It will identify good practices for business resilience, outline potential strategies to address these challenges, and highlight areas for further discussion at the WRRC Technical Session. The session will also emphasize enhanced collaboration between businesses, governments, NGOs, and financial institutions to foster resilience and drive sustainable recovery efforts.

    The session further aims to:

    1. To synthesize good practices in operational readiness across diverse business scales, from large corporations to MSMEs, drawing on case studies and lessons learned from past events.
    2. To discuss a framework for climate-resilient business operations, examining the unique challenges posed by increasingly frequent and severe climate-driven disasters.
    3. To forge consensus on a standardized framework for declaring public-private partnerships in disaster resilience, identifying concrete opportunities to enhance collaboration in preparedness and recovery efforts in alignment with Sendai Framework Priority 4.  

    How to register:

    Online (Zoom) 10 April, 2-3.30 pm CET:

    MIL OSI United Nations News –