NewzIntel.com

Blog

  • MIL-OSI: WISe.ART Announces “MINDREAMER” Exhibition from Ylan Anoufa

    Source: GlobeNewswire (MIL-OSI)

    WISe.ART Announces “MINDREAMER” Exhibition from Ylan Anoufa

    Exhibition accompanied by Ylan Anoufa art sales benefiting foundation for childhood education

    Geneva, Switzerland – November 5, 2024: WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that its subsidiary WISe.ART is proud to support Ylan Anoufa’s upcoming “MINDREAMER’ exhibition and new collection of twin phygital art packages. The exhibition is set to premiere November 13 at Geneva-based gallery Gallery Re Source. Proceeds from sale of the packages will benefit Ylan’s foundation for childhood education.

    “MINDREAMER” at Gallery Re Source

    Internationally renowned French contemporary artist Ylan Anoufa captivates the art world with his bold and socially engaged works. For the first time in Switzerland, his creations, including his famous AnoufaBear, will be showcased in the groundbreaking exhibition “MINDREAMER”.

    An Immersive and Interactive Exhibition

    After conquering cities such as New York, Tokyo, Hong Kong, Nice, Marbella, Monaco, and Paris, Ylan Anoufa will unveil “MINDREAMER” in Geneva’s Old Town from November 13, 2024, to February 10, 2025.

    The exhibition will feature several editions of his iconic AnoufaBear, a symbol of unity and strength, alongside a selection of ultra-dynamic and powerful urban and pop art pieces. By pushing the boundaries of traditional art, Ylan invites the public to dive into a universe oscillating between vulnerability and collective strength, while addressing contemporary issues and celebrating the beauty of human diversity.

    Performances, Digital Art, and Education

    As part of the exhibition, Ylan Anoufa will present a live art performance titled “REALOVE,” offering the audience a unique and captivating experience that combines emotion and interaction.

    Additionally, he will unveil his digital creativity through a series of NFT artworks. To further explore the digital realm, Gallery Re Source and WISe.ART will host two conferences dedicated to blockchain and NFTs during the exhibition.

    Committed to passing on his knowledge, Ylan also plans to lead AnoufaBear creation workshops for children at the Gallery, fostering artistic expression and creativity from an early age. “MINDREAMER” promises to be a participatory experience.

    AnoufaBears & The Digital Revolution
    In collaboration with WISeKey subsidiaries WISe.ART and SEALSQ, AnoufaBears are part of an exciting project set to embrace the digital realm of art. Through incorporation of the SEALSQ VaultIC155 semiconductor, a contactless solution designed to ward off counterfeiting, AnoufaBears will boast features like Open Detection and Privacy mode.

    WISe.ART’s CEO Carlos Moreira, commented “We believe in a future where digital assets are as valuable, if not more so, than physical ones. Our mission at WISe.ART is to ensure that this future is authentic, secure, and accessible to all.”

    Ylan Anoufa – An Artist on the Rise

    Ylan Anoufa’s talent continues to make waves in the contemporary art world. In January 2024, he was named Artist of the Year at the WISe.ART Excellence Awards during the prestigious World Economic Forum week in Davos. This accolade comes in addition to being named NFT Artist of the Year, cementing his status as a major player in the digital art world.

    His works, now fetching record prices at auctions, reflect growing interest from collectors and art enthusiasts worldwide. His unique approach and commitment to social causes have earned him increasing international recognition, making him one of the most influential emerging artists of our time.

    Ylan Anoufa is set to participate in several upcoming major international events, including Art Together at the Tel Aviv Museum of Art on November 18, the Telethon on November 30, and Art Basel Miami from December 2 to 15.

    About Gallery Re Source
    Nestled in Geneva’s Old Town, Gallery Re Source is a space dedicated to contemporary art and design, regularly hosting artistic, cultural, and holistic events. The “MINDREAMER” exhibition, enriched with workshops, performances, and conferences, aligns with the co-founders’ vision to make art a living and accessible experience for all.

    Stay connected with Gallery Re Source on social media to follow the latest updates and discover upcoming surprises.

    About Ylan Anoufa: The Maestro Behind AnoufaBears
    Ylan, born in 1980, is an embodiment of perpetual evolution. His art, found across global cities from Paris to Hong Kong, beams with modernity, humour, and a thought-provoking narrative. With a heart that radiates positivity, Ylan’s artwork becomes a vibrant fusion of colour, harmony, space, and form. Combining his stylistic finesse in painting and sculpture, Ylan’s graphics are a testament to his poetic inspiration. His collaborations with music legends like Lenny Kavitz and the Rolling Stones, as well as commercial endorsements with brands such as Porsche and Barbie, further enhance his global statue.

    About WISeKey
    WISeKey is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

    WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

    About WISe.ART

    Established in September 2020, our marketplace is a forward-thinking digital art platform pioneering the intersection of blockchain technology and artistic and/or visionary creativity. With a strong commitment to democratizing access and ownership to unique innovative products, WISe.ART provides a vibrant marketplace for buying, selling, preserving, and discovering original digital creations. By embracing blockchain and NFT technology, WISe.ART ensures provenance, artist recognition, heritage preservation and secure, transparent transactions.

    WISe.ART platform leverages WISeKey’s strong cybersecurity expertise, digital identity technology. As a part of our mission to empower creators and collectors, the launch of the WISe.ART token marks a significant milestone in our journey. By creating a unique digital currency, we aim to foster an inclusive, engaging, and rewarding ecosystem that transcends traditional boundaries of the art world.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US)
    Contact: The Equity Group Inc.

    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    Katie Murphy

    Tel: +1 212 836-9612 / kmurphy@equityny.com

    		 Gallery Re Source
    Véronika Saporta Tel: +41 78 227 32 70
    Stéphanie Jacob Tel: +41 76 508 03 99
    Instagram.com/lagalleryresource
    lagallery.ch
    info@lagallery.ch
    Gallery Re Source – rue Etienne-Dumont, 5 – 1204 Geneva, Switzerland

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    The MIL Network –

  • MIL-OSI China: Hehe Culture ambassadors honored for promoting cultural exchange

    Source: China State Council Information Office 2

    The 2024 Global Forum on Hehe Culture was held in Taizhou, Zhejiang province, on Saturday. 

    Essam Sharaf (C), former Egyptian prime minister and Orchid Awards recipient, Erik Solheim (R), former U.N. under-secretary-general, and Piet Steel (L), honorary chairman of the Europe-Asia Center and a member of the Board of Directors of Special Olympics, are honored ambassadors of Hehe Culture during a forum in Taizhou, Zhejiang province, on Nov. 2, 2024. [Photo/China.org.cn]
    To honor the contributions of those in promoting Chinese cultural values and facilitating cultural exchange, the forum’s organizing committee named three distinguished global figures as ambassadors of Hehe Culture. They were Essam Sharaf, former Egyptian prime minister and Orchid Awards recipient, Erik Solheim, former U.N. under-secretary-general, and Piet Steel, honorary chairman of the Europe-Asia Center and a member of the Board of Directors of the Special Olympics .
    Launched at the 2023 Global Forum on Hehe Culture, the Cultural Ambassadors of Hehe Culture program is a joint initiative by China International Communications Group, the Publicity Department of the Communist Party of China (CPC) Zhejiang Provincial Committee, the CPC Taizhou Municipal Committee, and the Taizhou municipal government, as part of their efforts to implement the Global Civilization Initiative. Every year, the program honors individuals who champion Chinese traditional culture, foster cultural exchange, and contribute to the building of a community with a shared future for mankind.

    MIL OSI China News –

  • MIL-OSI USA: Statement from President Joe  Biden on the Contract Between the International Association of Machinists and  Boeing

    US Senate News:

    Source: The White House
    I congratulate the International Association of Machinists and Boeing for coming to an agreement that reflects the hard work and sacrifices of 33,000 Machinist workers. This contract provides a 38% wage increase over four years, improves workers’ ability to retire with dignity, and supports fairness at the workplace. This contract is also important for Boeing’s future as a critical part of America’s aerospace sector. And it was achieved with the support of my economic team, including Acting Labor Secretary Julie Su and National Economic Advisor Lael Brainard.
    Over the last four years, we’ve shown collective bargaining works. Good contracts benefit workers, businesses, and consumers—and are key to growing the American economy from the middle out and the bottom up.

    MIL OSI USA News –

  • MIL-OSI China: ‘Feel China’ cultural days open in Mongolia

    Source: China State Council Information Office 3

    A series of cultural events promoting northern China’s Inner Mongolia Autonomous Region officially kicked off in Ulan Bator, capital of Mongolia, on Monday.

    The “Feel China” cultural days, co-organized by the Chinese Embassy in Mongolia, the Ministry of Culture, Sports, Tourism, and Youth of Mongolia, and the Information Office of the People’s Government of Inner Mongolia, aim to deepen people-to-people and cultural exchanges between China and Mongolia, enhance their longstanding friendship, and celebrate the 75th anniversary of diplomatic relations.

    The opening ceremony was attended by Jiang Xinhui, director of the Information Office of the People’s Government of Inner Mongolia, Zhang Muxing, acting ambassador and minister counselor of the Chinese Embassy in Mongolia, Adiyasuren Davaajargal, state secretary of the Ministry of Culture, Sports, Tourism, and Youth of Mongolia, as well as other officials and representatives from both countries.

    Davaajargal said he hopes that the series of events will further enhance cultural relations between China and Mongolia and promote cross-border tourism.

    Jiang said that, as a neighboring region, the Inner Mongolia Autonomous Region has leveraged its geographical proximity and cultural affinity to serve as a crucial bridge for cooperation between China and Mongolia across various fields, including economic and trade exchanges, cultural collaborations, medical and health care, and ecological conservation.

    “With our joint efforts, the ‘Feel China’ event has been successfully held in Mongolia for many consecutive years. We have consistently adhered to our mission of promoting people-to-people exchanges and strengthening friendship, allowing Mongolian friends to better understand China and Inner Mongolia,” he said.

    The five-day series of events includes Shaolin martial arts performances, the inauguration of a Chinese book reading classroom at a Mongolian university, free health check-ups, and screenings of Chinese movies on Mongolian television and in cinemas, among other activities.

    MIL OSI China News –

  • MIL-OSI China: New virtual project introduces a bee’s perspective

    Source: China State Council Information Office 3

    X Virtual Gathering: Honey, a new project of X Museum’s digital art platform X Virtual, was launched on Thursday in Beijing with an exhibition and a video game featuring commissions of multiple creatives from home and abroad.

    Upon entering the exhibition, visitors are first grabbed by the electronic music laced with a buzzing noise playing in the game, the interface of which is projected on the wall. They are invited to pick up the controller to start the game, becoming a bee busy gathering honey.

    As the worker bee, depicted in a futuristic, robotic and metallic style, flies through various apocalyptic landscapes, including a mysterious jungle and an erupting volcano, eight music pieces, which each represents a specific event, are triggered as it moves through different levels within the game, immersing the player in an adventure with a bee’s perspective.

    On view is also an installation by London-based artist Zhang Ling, better known as 00 Zhang, who designed the video game and its visual art. The audience can also enjoy the eight music works, individually displayed and each paired with a music video. Ranging from experimental electronic and dance music to free jazz and ambient, the intentionally diverse music tracks were composed by eight musicians, including 33EMYBW, Gooooose, Jana Rush, and Hyph11E.

    “As an abstract medium, music alters and challenges the participant’s senses, urging them to rethink ecological justice and species justice,” said Wu Dongxue, X Museum’s chief curator, who co-curated the show with 33EMYBW, a Shanghai-based producer and artist.

    According to the curators, this project explores the vast, interconnected world of bees and how it influences ideas around ecology, human civilization, and capitalism. It is an urgent response to crises such as resource depletion and a net loss of biodiversity that we humans are faced with, as well as the slowly widening division between civilization and nature through technological revolutions.

    “Once viewed with reverence, nature is now often exploited, stripped of its mystery and spirituality. Inorganic structures replace organic ones, pushing a capitalist narrative that centers on consumption and production,” Wu said.

    The game Honey will be available for download through X Museum’s online platform. At the end of 2024, the project will also release an eponymous vinyl record, which will be distributed globally.

    Launched by X Museum in 2019, X Virtual fosters new artistic 3D spaces within virtual worlds by commissioning artists to create new digital works and organizing online and offline exhibitions, workshops, and talks. X Virtual aims to promote new thoughts, discussions, and interdisciplinary practices in relation to emerging Web3-centered technologies, including XR, AI, and game engines.

    MIL OSI China News –

  • MIL-OSI China: Books explore ancient Greek influences on Asia and emerging Silk Road

    Source: China State Council Information Office 3

    Some 2,100 to 1,800 years ago in what is today’s northwestern Pakistan, the Gandharan civilization produced sculptures of Buddha and other Buddhist figures with the features of Greek gods wrapped in aristocratic robes.

    The Gandhara art persisted until the 7th century and had some influence on the Buddhist sculptures seen in China and other East Asian countries.

    “The Buddhist art of Gandhara has amazed and puzzled modern observers since its rediscovery in the 19th century, for the artists of Gandhara … took imagery and styles that ultimately originated in ancient Greece, and they made them Buddhist and Asian, and thereby introduced them into the later traditions of Chinese Buddhist art,” says Peter Stewart, professor of ancient art and director of the Classical Art Research Centre at the University of Oxford.

    “They, and that story (of Gandhara), are emblematic of the fascinating filaments that run through all the periods and places explored in this publication,” Stewart says, speaking of the six-volume publication of From Mediterranean to the Yellow River: Hellenistic Civilization and the Silk Road, via video during the book’s signing ceremony for the production of an English version at this year’s Frankfurt Book Fair in October.

    Stewart is coeditor of the fourth volume, From Apollo to Buddha: Hellenistic Art and the Silk Road Arts, which deals with the dissemination and fusion of art, and which according to him, “traces Western classical art traditions from its Greek origins, looking at how it was disseminated and transformed in the Hellenistic world, how it became the heritage of the Roman Empire, and how it eventually became deeply embedded in the cultures of Central Asia and the steppe”.

    Stewart is among the 40-odd researchers and contributors from across the world, who spent almost 10 years finishing the interdisciplinary studies, which were published by the Zhonghua Book Company as a series of books containing around 1,500 pictures.

    “The project was vast, but at its heart was a simple proposition — that two distinct areas (the Hellenistic civilization and the Silk Road) of study were intimately connected and could usefully be researched and explained alongside each other,” Stewart says.

    “Hellenistic civilization and the Silk Road seem to be two unrelated research fields, but in fact, there is an intrinsic logical relationship between them,” says Yang Juping, the book’s chief editor and a leading professor of Hellenism at Nankai University.

    Yang says that the vast empire established by Alexander the Great, and the Hellenistic world he created that extended from the Mediterranean to Central Asia and the borders of India, laid the foundation for the opening of the Silk Road later on. Meanwhile, the ambitions of the Han Dynasty (206 BC-AD 220) rulers to manage the western regions of their territory and the “exploration” of Central Asia by Zhang Qian ushered in a new era of cultural exchange and mutual learning between the Chinese and Hellenistic civilizations.

    “The series is one of the first comprehensive studies of the relationship between the Hellenistic civilization and the Silk Road in China and abroad,” Yang says, adding that the perspective the book brings opens up a new field of research, and has allowed the voices of Chinese scholars to be heard on a global stage on matters that were little known or long disputed.

    Each volume has a specific theme, but they are interconnected, and examine the general picture, the historical background, the cities, the currencies and the economic overview of the two areas, along with the Hellenistic heritage in China and along the Silk Road.

    The publishing group Springer Nature will serve as an amplifier of these voices by bringing the series to a wider international audience with an English version.

    “Today, we are not just releasing a book series, but also launching a dialogue that spans continents and centuries,” says Niels Peter Thomas, Springer Nature’s managing director for books.

    Zhang Jihai, deputy editor-in-chief of the Zhonghua Book Company, believes that the series will provide valuable historical references for the Belt and Road Initiative, and be a delight to general readers, providing a glimpse of the overall picture of ancient cultural exchanges between China and the West.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Satellite payload items go on display

    Source: Hong Kong Information Services

    The Security Bureau, together with the disciplined services and auxiliary forces under its umbrella, will hold an exhibition to showcase the cultural and creative items carried by the Shijian-19 satellite during a recent mission.

    This six-day exhibition, due to commence tomorrow at the Space Museum foyer, aims to enhance citizens’ sense of national pride and deepen their understanding of the disciplined and auxiliary services.

    The items selected by the bureau include a national security-themed comic, a Security Bear plush toy, and promotional items featuring the cultural characteristics of Sha Tau Kok.

    Meanwhile, other items sent into space that were selected by the disciplined and auxiliary services comprise mascots of different services, samples of a Hong Kong Special Administrative Region passport and identity card, as well as departmental souvenirs.

    Secretary for Security Tang Ping-keung earlier officiated at an unboxing ceremony, during which he presented the items and space payload certificates to the heads of the respective services.

    Apart from noting that the space programme involved China’s first reusable and returnable test satellite, which successfully accomplished its return mission, Mr Tang highlighted that the programme marks a significant breakthrough in aerospace technologies, demonstrating the nation’s remarkable progress in space exploration.

    The payloads also symbolised the spirit of the disciplined services in embracing the pursuit of dreams and innovation, he added.

    The Shijian-19 satellite was launched on September 27 and returned safely on October 11.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Sun Dong begins Canada visit

    Source: Hong Kong Information Services

    Secretary for Innovation, Technology & Industry Prof Sun Dong began his visit to Toronto, Canada, by touring an innovation hub, the University of Toronto and a startup.

    In the morning of November 4, Prof Sun visited MaRS Discovery District and met its Chief Executive Officer Alison Nankivell to receive a briefing on the innovation hub’s successful experience in nurturing an innovation and technology (I&T) ecosystem.

    Located close to major universities and hospitals in downtown Toronto, MaRS focuses on nourishing deep technology industries including clean technology and life science.

    It is also the largest urban innovation centre in North America, which supports 1,200 enterprises and renders direct assistance to enterprises, with a view to building communities of innovators and promoting the adoption of new solutions.

    Prof Sun then visited the University of Toronto and toured the Centre for Analytics & Artificial Intelligence Engineering of the Faculty of Applied Science & Engineering.

    He met Faculty Dean Prof Christopher Yip and Acting Associate Vice-President International Partnerships Prof David Wolfe, and was briefed on the centre’s latest developments and research and development (R&D) achievements.

    The centre brings together universities and industries to translate the latest advances of artificial intelligence and data analytics into technologies in areas ranging from advanced manufacturing to human health.

    Its team also delivers ongoing guidance for advanced analytics projects in industry settings.

    Prof Sun encouraged the university to co-operate with universities in Hong Kong to participate in the InnoHK research clusters to strengthen global R&D collaboration.

    In the afternoon, the technology chief visited a startup that provides storage and delivery services in North America.

    Apart from adopting a smart platform that automatically processes orders and updates inventory levels in real time, the startup also utilises robotic shuttles to manage inventories automatically, thereby reducing the overall cost for logistics and delivery services.

    In the evening, Prof Sun attended a networking dinner organised by the Hong Kong-Canada Business Association (Toronto Chapter), where he had an exchange with Hong Kong young people studying and working in Toronto to learn more about their studies and work life.

    Prof Sun shared with them Hong Kong’s efforts to develop as an international I&T centre and build an international hub for high-calibre talent.

    He noted that it is of paramount importance to enlarge the talent pool for Hong Kong’s I&T development, adding that the city is an ideal destination for young people to develop their careers.

    He also encouraged Hong Kong youngsters to seize the myriad opportunities.

    Prof Sun will proceed to Ottawa and continue his visit.

    MIL OSI Asia Pacific News –

  • MIL-OSI: International Petroleum Corporation Announces Third Quarter 2024 Financial and Operational Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2024.

    William Lundin, IPC’s President and Chief Executive Officer, comments: “We are pleased to announce another positive quarter of operational performance. IPC achieved average net daily production during the third quarter of 45,000 barrels of oil equivalent per day (boepd), following planned maintenance shutdowns during the quarter. We also continue to purchase IPC common shares under the normal course issuer bid (NCIB). We have now almost completed the 2023/2024 NCIB, reducing the outstanding number of common shares by over 6% since the beginning of December 2023. We intend to seek Toronto Stock Exchange approval to renew the NCIB in December 2024. We are also pleased to report on the progress achieved at the Blackrod Phase 1 development in Canada, which remains on schedule and on budget.”

    Q3 2024 Business Highlights

    • Average net production of approximately 45,000 boepd for Q3 2024, in line with guidance (49% heavy crude oil, 17% light and medium crude oil and 34% natural gas).(1)
    • Successful completion of planned maintenance shutdowns at Onion Lake Thermal (OLT) in Canada and the Bertam field in Malaysia.
    • Drilling activity at the Suffield area in Canada continued with four wells drilled in Q3 2024 and completed by October 2024.
    • Development activities on Phase 1 of the Blackrod project continue to progress on schedule and on budget, with forecast first oil in late 2026.
    • 2.6 million IPC common shares purchased and cancelled during Q3 2024 under IPC’s normal course issuer bid (NCIB), on track to complete the 2023/2024 NCIB during November 2024.
    • IPC plans to seek Toronto Stock Exchange approval for the renewal of the NCIB in December 2024.

    Q3 2024 Financial Highlights

    • Operating costs per boe of USD 17.9 for Q3 2024, below guidance.(3)
    • Operating cash flow (OCF) and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of MUSD 73 and MUSD 68 respectively in line with guidance for Q3 2024.(3)
    • Capital and decommissioning expenditures of MUSD 102 for Q3 2024, in line with guidance.
    • Free cash flow (FCF) for Q3 2024 amounted to MUSD -38 (MUSD 44 pre-Blackrod Phase 1 project funding).(3)
    • Gross cash of MUSD 299 and net debt of MUSD 157 as at September 30, 2024.(3)
    • Net result of MUSD 23 for Q3 2024.

    Reserves and Resources

    • Total 2P reserves as at December 31, 2023 of 468 MMboe, with a reserves life index (RLI) of 27 years.(1)(2)
    • Contingent resources (best estimate, unrisked) as at December 31, 2023 of 1,145 MMboe.(1)(2)

    2024 Annual Guidance

    • Full year 2024 average net production guidance range maintained at 46,000 to 48,000 boepd.(1)
    • Full year 2024 operating costs guidance revised to below USD 18 per boe.(3)
    • Full year 2024 OCF guidance estimated at between MUSD 335 and 342, assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)
    • Full year 2024 capital and decommissioning expenditures guidance forecast maintained at MUSD 437.
    • Full year 2024 FCF guidance estimated at between MUSD -140 and -133 (between MUSD 222 and 229 pre-Blackrod Phase 1 project funding), assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)
      Three months ended
    September 30    		   Nine months ended
    September 30
    USD Thousands 2024   2023     2024   2023  
    Revenue 173,200   257,366     598,659   655,446  
    Gross profit 39,505   93,429     167,397   210,559  
    Net result 22,875   71,681     101,804   143,269  
    Operating cash flow (3) 72,589   119,142     263,831   279,414  
    Free cash flow (3) (38,269 ) 34,703     (74,021 ) 67,379  
    EBITDA (3) 68,313   123,054     259,304   284,334  
    Net cash/(debt) (3) (157,228 ) 83,097     (157,228 ) 83,097  
                       

    Oil prices softened in the third quarter with Brent prices averaging USD 80 per barrel compared with USD 85 per barrel in the second quarter. Volatility during the quarter was high with Brent prices ranging from USD 89 per barrel in July to USD 70 per barrel in September. Notwithstanding the volatility in prices, the crude market was in a deficit through the third quarter, aided by the proactive supply management by the OPEC+ group. The continued conflicts in the Middle East and Ukraine led to increased oil prices, though these were partially offset by concerns over global oil demand growth, in particular consumer and industrial demand in China. Despite some of these negative factors, the physical market remains tight with OECD crude stock levels below the five-year average, with oil demand expected to be at an all-time high in 2024 and continue to grow in 2025. Approximately 50% of IPC’s forecast 2024 oil production is hedged at USD 80 per barrel WTI or USD 85 per barrel Dated Brent through to the end of 2024.

    The third quarter 2024 WTI to Western Canadian Select (WCS) price differentials averaged just under USD 14 per barrel, in line with the second quarter and approximately USD 5 per barrel lower than the first quarter differential average of USD 19 per barrel. The Trans Mountain expansion (TMX) pipeline continues to support tighter differentials with the Western Canadian Sedimentary Basin (WCSB) now having excess spare pipeline capacity for the first time in more than a decade. Crude exports from the new TMX pipeline are flowing off the coast of British Columbia, with deliveries to the US West Coast and Asia creating new end destinations for Canadian heavy oil. Around 70% of our forecast 2024 Canadian WCS production volumes are hedged at a WTI/WCS differential of USD 15 per barrel.

    Natural gas prices in Canada remained suppressed in the third quarter, with AECO pricing averaging CAD 0.67 per Mcf during the period, compared to CAD 1.17 per Mcf average for the second quarter. This has led to some Canadian natural gas producers curtailing production as western Canada gas storage levels continue to sit above the five-year range. IPC implemented hedges during the third quarter for approximately 14,500 Mcf per day at CAD 1.57 per Mcf from August to year end 2024.

    Third Quarter 2024 Highlights and Full Year 2024 Guidance

    IPC delivered average daily production rates of 45,000 boepd for the third quarter. The average daily production for the first nine months of 2024 was 47,400 boepd and the full year Capital Markets Day (CMD) production guidance of 46,000 to 48,000 boepd is maintained. During the third quarter, planned maintenance shutdowns at the Onion Lake Thermal (OLT) asset in Canada and at the Bertam field in Malaysia were successfully completed. High uptimes were achieved across all major producing assets in our portfolio during the quarter and the business benefited from the oil wells drilled within our Southern Alberta assets and the new wells brought on stream from sustaining Pad L at the OLT asset.(1)

    Operating costs in the third quarter of 2024 were below forecast at USD 17.9 per boe. The lower costs were largely driven by lower energy input costs within our Canadian asset base. Full year 2024 operating costs guidance is revised to less than USD 18 per boe, below the CMD guidance range of USD 18 to 19 per boe.(3)

    Operating cash flow (OCF) for the third quarter of 2024 was USD 73 million in line with forecast. Full year 2024 OCF guidance is revised to USD 335 to 342 million (assuming Brent USD 70 to 80 per barrel for the remainder of 2024).(3)

    Capital and decommissioning expenditure for the third quarter was in line with plan at USD 102 million. Our full year 2024 capital and decommissioning expenditure guidance is unchanged at USD 437 million.

    Free cash flow (FCF) was USD -38 million (or USD 44 million pre-Blackrod Phase 1 development funding) during the third quarter of 2024. Full year 2024 FCF guidance is revised to USD -140 to -133 million (or USD 222 to 229 million pre-Blackrod Phase 1 development funding) assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)

    Net debt was increased during the third quarter of 2024 by approximately USD 69 million to USD 157 million.(3) This is due to the growth capital expenditure at the Blackrod Phase 1 project and continued funding of the normal course issuer bid (NCIB) share repurchase program. The gross cash position as at September 30, 2024 was USD 299 million. In the third quarter, IPC enhanced its financing position by entering into a letter of credit facility in Canada to cover all of its existing operational letters of credit, giving full availability under IPC’s undrawn CAD 180 million Revolving Credit Facility.

    With a robust balance sheet and strong cashflow generation from the producing assets, IPC is strongly positioned to deliver on our three strategic pillars of organic growth, shareholder returns and pursue value-adding M&A.

    Blackrod Phase 1 Project

    The Blackrod asset is 100% owned by IPC and hosts the largest booked reserves and contingent resources within the IPC portfolio. After more than a decade of pilot operations, subsurface delineation and commercial engineering studies, IPC sanctioned the Phase 1 development in the first quarter of 2023. The Phase 1 development targets 218 MMboe of 2P reserves, with a multi-year forecast capital expenditure of USD 850 million to first oil planned in late 2026. The Phase 1 development is planned for plateau production of 30,000 bopd which is expected by early 2028.(1)(2)

    2024 marks a peak investment year at the Blackrod Phase 1 project for IPC, with USD 362 million planned to be spent in the year. Project progress has advanced according to plan, with approximately USD 245 million spent through the first nine months of 2024. All major third-party contracts have been executed, including but not limited to, the engineering, procurement and construction (EPC) agreements for the central processing facility (CPF) and well pad facilities, midstream agreements for the input fuel gas, diluent and oil blend pipelines, and drilling rig and stakeholder agreements. All major long lead items have been procured and pre-operations onboarding continues as the asset undergoes rapid change from a pilot steam assisted gravity drainage (SAGD) operation to a commercial SAGD operation. IPC’s core operational philosophy is to responsibly develop and commission projects with the staff that are going to manage and operate the asset to ensure the seamless transition from development to operations.

    As at the end of the third quarter of 2024, over half of the Blackrod Phase 1 development capital had been spent since the project sanction in early 2023. All major work streams are progressing as planned and the focus continues to be on executing the detailed sequencing of events as facility modules are safely delivered and installed at site. The total Phase 1 project guidance of USD 850 million capital expenditure to first oil in late 2026 is unchanged. IPC intends to fund the remaining Blackrod Phase 1 development costs with forecast cash flow generated by its operations and cash on hand.

    Stakeholder Returns: Normal Course Issuer Bid

    Under the current 2023/2024 NCIB, IPC has the ability to repurchase up to approximately 8.3 million common shares over the period of December 5, 2023 to December 4, 2024. IPC repurchased and cancelled approximately 7.5 million common shares up to the end of September 2024. The average price of common shares purchased under the 2023/2024 NCIB was SEK 132 / CAD 17 per share. IPC expects to complete the 2023/2024 NCIB during November 2024, resulting in the cancellation of 6.5% of the total number of common shares outstanding as at the beginning of December 2023.

    As at September 30, 2024, IPC had a total of 120,751,038 common shares issued and outstanding and IPC held 30,000 common shares in treasury. As at October 31, 2024, IPC had a total of 120,244,638 common shares issued and outstanding and IPC held 44,400 common shares in treasury.

    The IPC Board of Directors has approved, subject to acceptance by the Toronto Stock Exchange (TSX), the renewal of IPC’s NCIB for a further twelve months from December 2024 to December 2025. We expect that the 2024/2025 NCIB will permit IPC to purchase on the TSX and/or Nasdaq Stockholm, and cancel, up to a further approximately 7.5 million common shares, representing approximately 6.2% of the total outstanding common shares (or 10% of IPC’s “public float” under applicable TSX rules) following completion of the current 2023/2024 NCIB. IPC continues to believe that reducing the number of common shares outstanding while in parallel investing in material production growth at the Blackrod project will prove to be a winning formula for our stakeholders.

    Environmental, Social and Governance (ESG) Performance

    As part of IPC’s commitment to operational excellence and responsible development, its objective is to reduce risk and eliminate hazards to prevent occurrence of accidents, ill health, and environmental damage, as these are essential to the success of our business operations. During the third quarter of 2024, IPC recorded no material safety or environmental incidents.

    As previously announced, IPC targets a reduction of our net GHG emissions intensity by the end of 2025 to 50% of IPC’s 2019 baseline and IPC remains on track to achieve this reduction. During the first quarter of 2024, IPC announced the commitment to remain at end 2025 levels of 20 kg CO2/boe through to the end of 2028.(4)

    Notes:

    (1) See “Supplemental Information regarding Product Types” in “Reserves and Resources Advisory” below. See also the annual information form for the year ended December 31, 2023 (AIF) available on IPC’s website at www.international-petroleum.com and under IPC’s profile on SEDAR+ at www.sedarplus.ca.
    (2) See “Reserves and Resources Advisory“ below. Further information with respect to IPC’s reserves, contingent resources and estimates of future net revenue, including assumptions relating to the calculation of NPV, are described in the AIF.
    (3) Non-IFRS measures, see “Non-IFRS Measures” below and in the MD&A.
    (4) Emissions intensity is the ratio between oil and gas production and the associated carbon emissions, and net emissions intensity reflects gross emissions less operational emission reductions and carbon offsets.

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50    		       Or       Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15
             

    This information is information that International Petroleum Corporation is required to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07:30 CET on November 5, 2024. The Corporation’s unaudited interim condensed consolidated financial statements (Financial Statements) and management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2024 have been filed on SEDAR+ (www.sedarplus.ca) and are also available on the Corporation’s website (www.international-petroleum.com).

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

    Forward-looking statements include, but are not limited to, statements with respect to:

    • 2024 production ranges (including total daily average production), production composition, cash flows, operating costs and capital and decommissioning expenditure estimates;
    • Estimates of future production, cash flows, operating costs and capital expenditures that are based on IPC’s current business plans and assumptions regarding the business environment, which are subject to change;
    • IPC’s financial and operational flexibility to continue to react to recent events and navigate the Corporation through periods of volatile commodity prices;
    • The ability to fully fund future expenditures from cash flows and current borrowing capacity;
    • IPC’s intention and ability to continue to implement strategies to build long-term shareholder value;
    • The ability of IPC’s portfolio of assets to provide a solid foundation for organic and inorganic growth;
    • The continued facility uptime and reservoir performance in IPC’s areas of operation;
    • Development of the Blackrod project in Canada, including estimates of resource volumes, future production, timing, regulatory approvals, third party commercial arrangements, breakeven prices and net present value;
    • Current and future production performance, operations and development potential of the Onion Lake Thermal, Suffield, Brooks, Ferguson and Mooney operations, including the timing and success of future oil and gas drilling and optimization programs;
    • The potential improvement in the Canadian oil egress situation and IPC’s ability to benefit from any such improvements;
    • The ability to maintain current and forecast production in France and Malaysia;
    • The intention and ability of IPC to acquire further common shares under the NCIB, including the timing of any such purchases;
    • The ability of IPC to renew the NCIB and the number of common shares which may be purchased under a renewed NCIB;
    • The return of value to IPC’s shareholders as a result of the NCIB;
    • The ability of IPC to implement further shareholder distributions in addition to the NCIB;
    • IPC’s ability to implement its greenhouse gas (GHG) emissions intensity and climate strategies and to achieve its net GHG emissions intensity reduction targets;
    • IPC’s ability to implement projects to reduce net emissions intensity, including potential carbon capture and storage;
    • Estimates of reserves and contingent resources;
    • The ability to generate free cash flows and use that cash to repay debt;
    • IPC’s continued access to its existing credit facilities, including current financial headroom, on terms acceptable to the Corporation;
    • IPC’s ability to maintain operations, production and business in light of any future pandemics and the restrictions and disruptions related thereto, including risks related to production delays and interruptions, changes in laws and regulations and reliance on third-party operators and infrastructure;
    • IPC’s ability to identify and complete future acquisitions;
    • Expectations regarding the oil and gas industry in Canada, Malaysia and France, including assumptions regarding future royalty rates, regulatory approvals, legislative changes, and ongoing projects and their expected completion; and
    • Future drilling and other exploration and development activities.

    Statements relating to “reserves” and “contingent resources” are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and that the reserves and resources can be profitably produced in the future. Ultimate recovery of reserves or resources is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

    Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

    These include, but are not limited to general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to our systems, including our costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including the war between Ukraine and Russia and the conflict in the Middle East, and their potential impact on, among other things, global market conditions; and changes in legislation, including but not limited to tax laws, royalties, environmental and abandonment regulations.

    Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in the MD&A (See “Risk Factors”, “Cautionary Statement Regarding Forward-Looking Information” and “Reserves and Resources Advisory” therein), the Corporation’s Annual Information Form (AIF) for the year ended December 31, 2023, (See “Cautionary Statement Regarding Forward-Looking Information”, “Reserves and Resources Advisory” and “Risk Factors”) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management’s discussion and analysis and material change reports, which may be accessed through the SEDAR+ website (www.sedarplus.ca) or IPC’s website (www.international-petroleum.com).

    Management of IPC approved the production, operating costs, operating cash flow, capital and decommissioning expenditures and free cash flow guidance and estimates contained herein as of the date of this press release. The purpose of these guidance and estimates is to assist readers in understanding IPC’s expected and targeted financial results, and this information may not be appropriate for other purposes.

    Non-IFRS Measures
    References are made in this press release to “operating cash flow” (OCF), “free cash flow” (FCF), “Earnings Before Interest, Tax, Depreciation and Amortization” (EBITDA), “operating costs” and “net debt”/”net cash”, which are not generally accepted accounting measures under International Financial Reporting Standards (IFRS) and do not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with similar measures presented by other public companies. Non-IFRS measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

    The definition of each non-IFRS measure is presented in IPC’s MD&A (See “Non-IFRS Measures” therein).

    Operating cash flow
    The following table sets out how operating cash flow is calculated from figures shown in the Financial Statements:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Revenue 173,200   257,366     598,659   655,446  
    Production costs (100,984 ) (130,765 )   (328,110 ) (364,889 )
    Current tax 373   (7,459 )   (6,718 ) (16,045 )
    Operating cash flow 72,589   119,142     263,831   274,512  
                       

    The operating cash flow for the nine months ended September 30, 2023 including the operating cash flow contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 279,414 thousand.

    Free cash flow
    The following table sets out how free cash flow is calculated from figures shown in the Financial Statements:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Operating cash flow – see above 72,589   119,142     263,831   274,512  
    Capital expenditures (99,100 ) (76,844 )   (308,457 ) (183,904 )
    Abandonment and farm-in expenditures1 (2,575 ) (2,755 )   (4,938 ) (7,683 )
    General, administration and depreciation expenses before depreciation2 (3,903 ) (3,547 )   (11,245 ) (11,124 )
    Cash financial items3 (5,280 ) (1,293 )   (13,212 ) (3,593 )
    Free cash flow (38,269 ) 34,703     (74,021 ) 68,208  

    1 See note 16 to the Financial Statements
    2 Depreciation is not specifically disclosed in the Financial Statements
    3 See notes 4 and 5 to the Financial Statements

    The free cash flow for the nine months ended September 30, 2023 including the free cash flow contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 67,379 thousand.

    EBITDA
    The following table sets out the reconciliation from net result from the consolidated statement of operations to EBITDA:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Net result 22,875   71,681     101,804   143,269  
    Net financial items 4,124   4,257     23,942   16,227  
    Income tax 8,257   25,451     29,473   50,671  
    Depletion and decommissioning costs 30,491   31,687     96,305   71,488  
    Depreciation of other tangible fixed assets 2,023   1,509     6,503   6,503  
    Exploration and business development costs 197   (24 )   344   2,007  
    Depreciation included in general, administration and depreciation expenses 1 346   405     933   1,180  
    Sale of Assets –   (11,912 )   –   (11,912 )
    EBITDA 68,313   123,054     259,304   279,433  

    1 Item is not shown in the Financial Statements

    The EBITDA for the nine months ended September 30, 2023 including the EBITDA contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 284,334 thousand.

    Operating costs
    The following table sets out how operating costs is calculated:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Production costs 100,984   130,765     328,110   364,889  
    Cost of blending (29,818 ) (39,836 )   (116,699 ) (128,523 )
    Change in inventory position 2,755   (8,067 )   3,160   2,228  
    Operating costs 73,921   82,862     214,571   238,594  

    The operating costs for the nine months ended September 30, 2023 including the operating costs contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 245,395 thousand.

    Net cash/(debt)
    The following table sets out how net cash/(debt) is calculated:

    USD Thousands September 30, 2024   December 31, 2023  
    Bank loans (6,431 ) (9,031 )
    Bonds1 (450,000 ) (450,000 )
    Cash and cash equivalents 299,203   517,074  
    Net cash/(debt) (157,228 ) 58,043  

    1 The bond amount represents the redeemable value at maturity (February 2027).

    Reserves and Resources Advisory
    This press release contains references to estimates of gross and net reserves and resources attributed to the Corporation’s oil and gas assets. For additional information with respect to such reserves and resources, refer to “Reserves and Resources Advisory” in the MD&A. Light, medium and heavy crude oil reserves/resources disclosed in this press release include solution gas and other by-products. Also see “Supplemental Information regarding Product Types” below.

    Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in Canada are effective as of December 31, 2023, and are included in the reports prepared by Sproule Associates Limited (Sproule), an independent qualified reserves evaluator, in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) and the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) and using Sproule’s December 31, 2023 price forecasts.

    Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in France and Malaysia are effective as of December 31, 2023, and are included in the report prepared by ERC Equipoise Ltd. (ERCE), an independent qualified reserves auditor, in accordance with NI 51-101 and the COGE Handbook, and using Sproule’s December 31, 2023 price forecasts.

    The price forecasts used in the Sproule and ERCE reports are available on the website of Sproule (sproule.com) and are contained in the AIF. These price forecasts are as at December 31, 2023 and may not be reflective of current and future forecast commodity prices.

    The reserve life index (RLI) is calculated by dividing the 2P reserves of 468 MMboe as at December 31, 2023 by the mid-point of the 2024 CMD production guidance of 46,000 to 48,000 boepd.

    IPC uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). A BOE conversion ratio of 6:1 is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a 6:1 conversion basis may be misleading as an indication of value.

    Supplemental Information regarding Product Types

    The following table is intended to provide supplemental information about the product type composition of IPC’s net average daily production figures provided in this press release:

      Heavy Crude Oil
    (Mbopd)    		 Light and Medium Crude Oil (Mbopd) Conventional Natural Gas (per day) Total
    (Mboepd)
    Three months ended        
    September 30, 2024 21.9 7.8 91.9 MMcf
    (15.3 Mboe)    		 45.0
    September 30, 2023 25.8 7.1 103.4 MMcf
    (17.3 Mboe)    		 50.2
    Nine months ended        
    September 30, 2024 23.7 7.9 94.8 MMcf
    (15.8 Mboe)    		 47.4
    September 30, 2023 25.9 8.6 102.4 MMcf
    (17.1 Mboe)    		 51.6
    Year ended        
    December 31, 2023 25.8 8.1 102.8 MMcf
    (17.1 Mboe)    		 51.1
             

    This press release also makes reference to IPC’s forecast total average daily production of 46,000 to 48,000 boepd for 2024. IPC estimates that approximately 50% of that production will be comprised of heavy oil, approximately 16% will be comprised of light and medium crude oil and approximately 34% will be comprised of conventional natural gas.

    Currency
    All dollar amounts in this press release are expressed in United States dollars, except where otherwise noted. References herein to USD mean United States dollars and to MUSD mean millions of United States dollars. References herein to CAD mean Canadian dollars.

    The MIL Network –

  • MIL-OSI: Sampo plc’s share buybacks 4 November 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 5 November 2024 at 8:30 am EET

    Sampo plc’s share buybacks 4 November 2024

    On 4 November 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      3,246 41.34 AQEU        
      37,786 41.36 CEUX
      1,804 41.33 TQEX
      48,472 41.35 XHEL
    TOTAL 91,308 41.35  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 9,963,604 Sampo A shares representing 1.81 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    The principal media
    FIN-FSA
    DEN-FSA
    www.sampo.com

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN visits the Royal Thai Police

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Royal Thai Police as part of his working visit to Thailand, where he met with high-ranking officials led by Acting Deputy Commissioner General of the Royal Thai Police, Pol Lt Gen Prachuap Wongsuk, to discuss the current trends and challenges of transnational crime in Thailand and its contribution to regional efforts undertaken by the ASEAN Ministerial Meeting on Transnational Crime (AMMTC) in addressing these threats. Dr. Kao commended Thailand’s proactive role as the ASEAN Senior Officials’ Meeting on Transnational Crime (SOMTC) Voluntary Lead Shepherd for illicit drug trafficking and illicit trafficking of wildlife and timber (ITWT) priority areas. Both sides also exchanged views on the rising threats of cybercrime, among others.

    The post Secretary-General of ASEAN visits the Royal Thai Police appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Africa: Secretary-General’s video message to COP29 Religious Leaders’ Summit

    Source: United Nations – English

    strong>Download the video: https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+1+Nov+24/3298308_MSG+SG+COP29+RELIGIOUS+LEADERS+SUMMIT+01+NOV+24.mp4

    Excellencies, dear friends,

    I want to thank you for coming together across faiths to help push for a successful outcome at COP29 in Baku.

    Our climate is in crisis — extreme temperatures, raging fires, droughts, and epic floods.

    No country is spared.

    And the poorest and most vulnerable are hardest hit.

    As faith leaders, your voices are essential to drive climate action and climate justice. 

    Action to ensure countries produce — by next year — new national climate action plans aligned with the imperative to limit global warming to 1.5 degrees.

    And justice so all countries have the resources to adapt to our changing planet and can transition — fast and fairly — to a sustainable and renewable future.

    This includes a much stronger flow of financial resources to developing countries, and a well-funded Loss and Damage Fund that supports those hardest hit by disasters.

    By standing together, you’re standing up for the future of the world we share.

    Thank you for being part of this vital effort for people and planet.
     

    MIL OSI Africa –

  • MIL-OSI Africa: Secretary-General’s message on World Tsunami Awareness Day [scroll down for French version]

    Source: United Nations – English

    his year marks the 20th anniversary of the Indian Ocean Tsunami – one of the deadliest disasters in recent history.  More than 230,000 people lost their lives.   

    On this World Tsunami Awareness Day, we honour the victims and recommit to protecting the 700 million people around the world who are at risk from tsunamis.

    The best way to do so is by all partners delivering on the United Nations Early Warnings for All initiative that helps ensure every person on Earth is alerted when tsunamis and other disasters are on the way.

    Education is vital to saving lives, and as this year’s theme reminds us, the participation of children and young people is critical. I urge governments and partners in coastal communities to raise awareness, so children and young people know how and where to evacuate to higher ground.

    Together, let’s ensure people’s futures are not swept away by tsunamis.  Let’s build resilience – now. 

    ***

    Cette année marque le vingtième anniversaire du tsunami survenu dans l’océan Indien, l’une des catastrophes les plus meurtrières de l’histoire récente, qui a coûté la vie à plus de 230 000 personnes.

    En cette Journée mondiale de sensibilisation aux tsunamis, nous honorons la mémoire des victimes et nous renouvelons notre engagement à protéger les 700 millions de personnes dans le monde qui sont menacées par les tsunamis.

    Le meilleur moyen d’y parvenir est que tous les partenaires mettent en œuvre l’initiative « Alertes précoces pour tous » des Nations Unies, qui permet d’alerter chaque personne sur Terre à l’approche de tsunamis ou d’autres catastrophes.

    L’éducation est essentielle pour sauver des vies et, comme le rappelle le thème de cette année, la participation des enfants et des jeunes est cruciale. J’invite les gouvernements et les partenaires dans les zones côtières à sensibiliser les populations, afin que les enfants et les jeunes sachent comment procéder, en cas d’évacuation, pour regagner des zones plus élevées.

    Ensemble, agissons pour que l’avenir de nos semblables ne soit pas balayé par les tsunamis. Renforçons la résilience, maintenant !
     

    MIL OSI Africa –

  • MIL-OSI Australia: DUBOIS ROAD, WUDINNA (Grass Fire)

    Source: Country Fire Service – South Australia

    WUDINNA

    Pinkawillinie fire

    Issued for north of WUDINNA.

    The CFS is responding to a bushfire near Wudinna in the Pinkawillinie Conservation Park on the Eyre Peninsula, South Australia.

    CFS and Department for Environment and Water (DEW) firefighters are currently working in difficult terrain contain this fire and will remain on scene for some time. Observational aircraft have assisted with monitoring the spread of this fire.

    Smoke from the fire can be seen overhead and smoke may be impacting other roads in the area, and visibility may be reduced.

    This fire is believed to be caused by the lightning event which has caused a number of fires across the district. If you spot an unattended fire please report it to 000.

    Message ID 0007832

    MIL OSI News –

  • MIL-OSI: Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million

    Paris, France – November 5, 2024 – Following its press release dated June 11, 2024, Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces that it has signed a Share & Asset Purchase Agreement with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for an enterprise value of €270 million.

    Worldgrid provides consulting and engineering services to energy and utility companies. The business currently employs close to 1,100 employees and, in 2023, it generated revenue of circa €170 million from a diverse and longstanding client base.

    ALTEN is a well-recognized IT and engineering player with expertise and product offerings in the energy and utilities industry. The contemplated transaction would ensure full continuity of service for Worldgrid’s strategic clients and employees.

    Relevant social processes with employee representative bodies are completed and approvals from regulators have been received. The transaction is expected to close before the end of 2024.

    ***

    About Atos

    Atos is a global leader in digital transformation with circa 82,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:
    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: 0805 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    The MIL Network –

  • MIL-OSI China: US election day voting begins with first ballots cast in New Hampshire

    Source: China State Council Information Office

    Voters in Dixville Notch, New Hampshire, went to the polls early Tuesday morning, marking the official start of Election Day voting for the 2024 U.S. presidential election.

    Six registered voters of the tiny town in northeastern United States cast their ballots at midnight, following a tradition that dates back decades ago.

    Amid heightened security for fears of violence and chaos, the vast majority of polling stations across the country open on Tuesday morning and will remain open until the evening.

    Prior to this, tens of millions of voters across the country have already cast their ballots early, either by voting in person at polling stations or by mail. According to data from the University of Florida’s Election Lab, as of Monday night, more than 82 million voters had already cast their ballots.

    This election is widely regarded as one of the most divisive in American history. Democratic presidential candidate Kamala Harris and Republican candidate Donald Trump have repeatedly warned against potentially catastrophic consequences inflicted on the country if the other is elected. Voters hold vastly different views on key issues such as the economy, immigration, and abortion rights.

    According to an annual survey conducted by the American Psychological Association, 77 percent of U.S. adults said the future of the nation was a significant source of stress in their lives. Additionally, 74 percent said they were worried that the election results could lead to violence.

    “I would hope that whoever wins the presidential election will handle it gracefully, and whoever doesn’t win, likewise, will handle it gracefully,” Annmarie Pintal, one of the just six voters registered to vote in Dixville Notch, told Xinhua.

    “We need unity. We need to come together on the common ground, and, be willing to set aside our differences,” said Scott Maxwell, another voter in the small town. 

    MIL OSI China News –

  • MIL-OSI United Kingdom: UK to create world-first ‘early warning system’ for pandemics

    Source: United Kingdom – Executive Government & Departments

    The government is set to partner with Oxford Nanopore, which uses technology to rapidly diagnose a range of cancers, along with rare and infectious diseases

    • New partnership with cutting-edge life sciences company Oxford Nanopore will lead to better scientific research and could create tests and treatments for patients, saving lives

    • Patients suspected of having severe acute respiratory infections will be diagnosed within 6 hours, supporting the establishment of a new diagnostic system

    • Technology will allow potential outbreaks of bacterial or viral diseases to be monitored alongside antimicrobial resistance, shifting NHS from analogue to digital as part of 10-Year Health Plan

    The UK will create the world’s first real-time surveillance system to monitor the threat of future pandemics, prevent disease, and protect the public.

    Plans have been announced to form a new partnership between the government, Genomics England, UK Biobank, NHS England, and Oxford Nanopore – a UK-headquartered, world-leading life sciences company. 

    Oxford Nanopore uses long read sequencing technology to analyse genes and pathogens to rapidly diagnose a range of cancers, along with rare and infectious diseases. The technology can sequence long strands of DNA or RNA in one go, without breaking it up into smaller fragments.

    In infectious diseases, Oxford Nanopore’s technology will help to create an early warning system for future pandemics and potential biological threats, both preventing disease and protecting the public.

    It will be used in the expansion of NHS England’s Respiratory Metagenomics programme, being led by Guy’s and St Thomas’ NHS Foundation Trust (GSTT). It uses samples from patients with severe respiratory infections and rapid genetic testing to match those patients with the right treatments within 6 hours.

    This novel and world-leading application, developed in partnership with the NHS, will allow potential outbreaks of bacterial or viral diseases to be monitored alongside antimicrobial resistance across the country. 

    Following an initial successful pilot at St Thomas’ Hospital, the technology will now be rolled out from 10 to up to 30 NHS sites to address the current time lag between new pathogens emerging in the UK and action being taken to both treat affected patients and to prevent their spread, which will benefit people everywhere.

    Health and Social Care Secretary Wes Streeting said:

    If we fail to prepare, we should prepare to fail. Our NHS was already on its knees when the pandemic struck, and it was hit harder than any other comparable healthcare system.

    We cannot let history repeat itself. That’s why this historic partnership with Oxford Nanopore will ensure our world-leading scientists have the latest information on emerging threats at their fingertips.

    As we embrace the technological revolution, our 10-Year Health Plan will shift the NHS away from analogue to digital, saving countless more lives.

    Science and Technology Secretary Peter Kyle said:

    During the Covid pandemic, we saw the power of the UK life sciences sector very clearly, from the Oxford-Astra Zeneca vaccine that saved so many lives, through to operating one of the world’s most effective Covid surveillance systems, which spotted several emerging variants of the disease.

    This partnership will build on that expertise to monitor emerging diseases as they arise, putting our scientists and decision-makers one-step ahead and providing the information they need to make informed decisions.

    Together with the ability to better diagnose cancers and rare diseases, we are leveraging UK life sciences to protect the public and ultimately save lives.

    Professor Susan Hopkins, Chief Medical Advisor at UK Health Security Agency, said:

    Early detection is absolutely crucial in enabling us to respond effectively to any emerging pathogen. The UK already has a wealth of expertise in genomic surveillance, and this programme will build on that expertise and enable us to bring our resources and capability to tackle developing threats at greater speed. Enhancing the capacity for the NHS to determine new and emerging pathogens causing severe acute respiratory infections will improve the detection and emergence of infections.

    As part of the 100 days mission, this will enable the development of effective diagnostics for novel pathogens and enhance our pandemic preparedness.

    Oxford Nanopore CEO Gordon Sanghera said:

    The UK has a remarkable life science ecosystem, and we are delighted to be working more closely with the UK government and the NHS in this collaboration.

    The world-renowned Genomics England and UK Biobank have led the way in scaling genomics discovery and translating these advances into patient impact.

    By working alongside our partners on shared goals of improved patient outcomes – whether in cancer, genetic disease or infectious disease – and pandemic preparedness, we believe we can deploy our unique DNA sequencing technology in ways that are most impactful for the people of the UK.

    Professor Ian Abbs, chief executive of Guy’s and St Thomas’ NHS Foundation Trust, said:

    We’ve been working on the respiratory metagenomics programme for over 4 years and have clearly seen the benefit to our patients. It’s a momentous day now that we can ensure other hospitals, and more patients, can also benefit from faster and more accurate treatment for severe respiratory conditions thanks to new genomic technology.

    As part of the expansion to the metagenomics programme, the data gathered using Oxford Nanopore’s technology will be provided to the UK Health and Security Agency, allowing quicker detection and action on emerging infectious diseases to be taken.

    The collaboration between the government and Oxford Nanopore – which will also join up Genomics England and UK Biobank with NHS England – is another key vote of confidence in the UK’s life sciences sector, which will help kickstart economic growth and support the 10-Year Health Plan’s ambition to shift the health service from analogue to digital and from sickness to prevention, helping keep patients out of hospital. 

    Genomics England will work strategically with Oxford Nanopore to further insights from the data they hold, including on cancer and rare diseases, to enable future breakthroughs in identifying genomic mutations that may be treatable and preventing these devastating conditions. UK Biobank will also continue to work with Oxford Nanopore and the government to improve the insights from their data and translate these into impact for NHS patients.

    Along with the vast benefits to patients, this work will drive economic growth, supporting the expansion of one of our most promising life sciences companies. 

    This partnership comes hot on the heels of the Budget, where the government announced investment of £40m over 5 years in a Proof of Concept Fund for spinouts, companies formed based on academic research generated within and owned by a university. 

    This will build on the excellent example set by Oxford Nanopore, one of the UK’s most successful spinout companies, having been founded at Oxford University in 2005. This fund could help to unleash a raft of innovative new spinouts like Oxford Nanopore, helping to drive job creation and economic growth.

    Updates to this page

    Published 5 November 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: CMA provisionally finds Vodafone / Three could address competition concerns through network investment and customer protections

    Source: United Kingdom – Executive Government & Departments

    CMA inquiry group investigating Vodafone / Three merger publishes Remedies Working Paper.

    iStock

    • CMA inquiry group investigating Vodafone / Three merger publishes Remedies Working Paper.  

    • Merger could proceed if appropriate remedies are implemented. 

    • CMA to seek feedback before making a final decision by 7 December. 

    The Competition and Markets Authority (CMA) has provisionally found that a multi-billion-pound commitment to upgrade the merged company’s network across the UK, including the roll-out of 5G, combined with short-term customer protections could solve competition concerns identified in September and allow the merger to go ahead. 

    The CMA investigation – led by an independent inquiry group – provisionally found in September that the merger could lead to higher prices for customers and harm the position of mobile virtual network operators, such as Sky Mobile, Lyca, Lebara and iD Mobile. The CMA also consulted on potential solutions to address its concerns – known as remedies. 

    The CMA has today set out a Remedies Working Paper to seek views on the effectiveness of a proposed remedy package.  

    It provisionally finds that a legally binding commitment to undertake the network integration and investment programme proposed by Vodafone and Three would significantly improve the quality of the merged company’s mobile network, boosting competition between mobile network operators in the long term and benefiting millions of people who rely on mobile services.  

    The CMA also found that short term protections would be needed to ensure that retail consumers and mobile virtual network operators can continue to secure good deals during the initial years of network integration and investment roll-out. 

    The remedies proposed today would require Vodafone and Three to:  

    • deliver their joint network plan – which sets out the network upgrade and improvements they will make through significant levels of investment over the next 8 years across the UK. This would be a legal obligation overseen by both Ofcom – the telecoms regulator – and the CMA

    • commit to retain certain existing mobile tariffs and data plans for at least 3 years, protecting millions of current and future Vodafone / Three customers (including customers on their sub-brands) from short-term price rises in the early years of the network plan 

    • commit to pre-agreed prices and contract terms to ensure that Mobile Virtual Network Operators can obtain competitive wholesale deals

    Stuart McIntosh, chair of the inquiry group leading the investigation, said:  

    We believe this deal has the potential to be pro-competitive for the UK mobile sector if our concerns are addressed.  

    Our provisional view is that binding commitments combined with short-term protections for consumers and wholesale providers would address our concerns while preserving the benefits of this merger.  

    A legally binding network commitment would boost competition in the longer term and the additional measures would protect consumers and wholesale customers while the network upgrades are being rolled out.

    Today’s announcement is provisional, with a final decision due before the 7 December statutory deadline. The inquiry group is inviting feedback on today’s announcement by 5pm on 12 November.  

    More information can be found on the  Vodafone / CK Hutchison JV case page and on  the detailed guidance page. 

    Notes to editors

    1. The CMA’s guidance explains that the Remedies Working Paper may be published on the CMA website if the CMA deems wider consultation to be necessary. In this case, the CMA considers the publication of the Remedies Working Paper is appropriate for third parties to understand its provisional decision and provide any further views before the final decision.  

    2. The inquiry group’s decision set out in the Remedies Working Paper published today on the appropriate remedy to address the competition concerns identified in the provisional findings is provisional. Following consultation on the Remedies Working Paper, the Group will take its final decision on both the competition issues and any remedies by 7 December 2024. 

    3. Vodafone UK (which is owned by Vodafone Group Plc) and Three UK (which is owned by CK Hutchison Holdings Limited) are two major providers of mobile telecommunication services in the UK. Last year both businesses announced a joint venture agreement which would bring their 27 million customers under a new, single network operator. 

    4. The 4 mobile network operators in the UK are Vodafone UK, Three UK, BTEE and Virgin Media O2. 

    5. ‘Virtual’ network operators – such as Sky Mobile, Tesco Mobile, Lebara, Lyca Mobile and iD Mobile – do not own their own networks and rely on access to a mobile network operator’s network to supply mobile services to their customers. 

    6. Part way through the Phase 2 investigation, Vodafone and Three entered into an agreement with VMO2 (Beacon 4.1) which involves, among other things, the divestment of spectrum to VMO2 (conditional on CMA approval for the merger). The CMA has considered the impact of this as part of its assessment.

    Updates to this page

    Published 5 November 2024

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: SFST promotes HK in Zurich

    Source: Hong Kong Information Services

    Secretary for Financial Services & the Treasury Christopher Hui yesterday began a visit to Switzerland, where he is promoting Hong Kong’s status as an international centre for asset, wealth and risk management.

    In Zurich, Mr Hui met Swiss Re Group’s Chief Executive Officer, Corporate Solutions Ivan Gonzalez, and Chairman of the Board of Zurich Insurance Group Michel M Liès, giving them an update on initiatives announced in the 2024 Policy Address to strengthen Hong Kong’s position as a global risk management centre.

    These initiatives include reviewing the risk-based capital regime implemented in July and examining capital requirements for infrastructure investment in order to enrich insurance companies’ asset allocations for risk diversification and drive investment in infrastructure. The Hong Kong Special Administrative Region Government will also continue to invite Mainland and overseas enterprises to establish captive insurers in Hong Kong.

    Mr Hui also had a lunch meeting with the Swiss-Hong Kong Business Association, a member of the Federation of Hong Kong Business Associations. He briefed the association on investment opportunities in Hong Kong’s asset and wealth management sectors, stressing that the city welcomes investors and family offices from around the world.

    At another gathering, with leaders of a multinational financial service provider, Mr Hui spoke of the enhancements proposed in the Policy Address to strengthen Hong Kong’s status as an asset and wealth management hub.

    The industry is to be consulted on increasing the types of transactions, by funds and family offices, that are eligible for tax concessions. It is proposed that emission derivatives and allowances, virtual assets, insurance-linked securities, loans and private credit investments, and more, be made eligible.

    Mr Hui added that the Hong Kong Special Administrative Region Government’s issuance of green bonds is attracting strong interest from local and international investors, with $220 billion in government green bonds having been issued so far.

    The treasury chief also met the Swiss National Bank’s Head of Bilateral Cooperation of Lena Lee Andresen to discuss issues of mutual concern such as global trends in monetary policy.

    In addition, Mr Hui visited the headquarters of Gategroup, a market-leading inflight caterer with a global presence and operations in Hong Kong, and met its Chief Financial Officer Urs Schwendinger.

    Highlighting that Hong Kong is an international aviation hub and that development of its Airport City is ongoing, he invited Gategroup to expand its operations in the SAR.

    Mr Hui’s visit to Switzerland will continue today in Geneva. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Import of poultry meat and products from areas in US and Canada suspended

    Source: Hong Kong Government special administrative region

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (November 5) that in view of notifications from the World Organisation for Animal Health (WOAH) about outbreaks of highly pathogenic H5N1 avian influenza in Clackamas County of the State of Oregon, Kings County of the State of California and Cache County of the State of Utah in the United States (US) and Rural Municipality of Willner No. 253 of Saskatchewan Province in Canada, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the above-mentioned areas with immediate effect to protect public health in Hong Kong.

         A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about about 63 470 tonnes of chilled and frozen poultry meat and about 17.2 million poultry eggs from the US, and about 370 tonnes of frozen poultry meat from Canada in the first nine months of this year.

         “The CFS has contacted the American and Canadian authorities over the issues and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreaks. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin visits jointly constructed neonatal building of San Juan de Dios Hospital and joins Guatemalan Foreign Minister Martínez in celebrating 90th anniversary of bilateral ties

    Source: Republic of China Taiwan 3

    Foreign Minister Lin visits jointly constructed neonatal building of San Juan de Dios Hospital and joins Guatemalan Foreign Minister Martínez in celebrating 90th anniversary of bilateral ties

    Date：2024-10-27
    Data Source：Department of Latin American and Caribbean Affairs

    October 27, 2024  
    No. 371  

    On October 25, during his visit to Guatemala, Minister of Foreign Affairs Lin Chia-lung met with President Bernardo Arévalo, Foreign Minister Carlos Martínez, and other senior officials. He also toured the neonatal building of San Juan de Dios Hospital, which finished construction this year with assistance from Taiwan. While at the new building, Minister Lin interacted with families that benefited from the joint endeavor, giving him the opportunity to better understand the fruits of Taiwan-Guatemala collaboration. 
     
    Hospital Director Erika Pérez and Pediatrics Department Chief Juan Carlos Reyes introduced the facilities and functions of the building to Minister Lin when he toured the neonatal building in the morning. Accompanied by Guatemalan Minister of Public Health and Social Assistance Joaquín Barnoya, Minister Lin attended a traditional Taiwanese ceremony to bless infants and gave gifts to the attending families. 
     
    In his remarks at San Juan de Dios Hospital, Minister Lin stated that, in addition to the joint construction of the hospital’s neonatal building, Taiwan’s technical mission and Guatemala are working on a program to promote maternal and neonatal health care. The initiative will assist in training medical professionals at hospitals and birth centers in Guatemala City to enhance their ability to give women clinical care before, during, and after childbirth and reduce premature birth and infant mortality risks, benefiting 70,000 people each year. It will also arrange for related personnel from Guatemala to travel to Taiwan for training. Over 450 health care professionals are expected to receive training, thereby raising the quality of services available to women and children in Guatemala. It took just 12 months for Taiwan and Guatemala to complete the planning and construction of the neonatal building of San Juan de Dios Hospital, which has helped improve maternal and neonatal care. The important project has been met with wide approval from the government and civil society of Guatemala. 
     
    In the afternoon, Minister Lin called at Guatemala’s Ministry of Foreign Affairs to meet with Minister Martínez, who invited him to view bamboo planted by Taiwan’s technical mission in the square outside the building. The plants commemorate 90 years of friendship and diplomatic relations between Taiwan and Guatemala. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin leads delegation to Saint Vincent and the Grenadines as presidential envoy to attend 45th independence anniversary celebrations

    Source: Republic of China Taiwan 3

    Foreign Minister Lin leads delegation to Saint Vincent and the Grenadines as presidential envoy to attend 45th independence anniversary celebrations

    Date：2024-10-28
    Data Source：Department of Latin American and Caribbean Affairs

    October 28, 2024 
    No. 375 

    Minister of Foreign Affairs Lin Chia-lung, serving as President Lai Ching-te’s special envoy, led a delegation to Caribbean ally Saint Vincent and the Grenadines on October 26. He participated in a ceremony and other celebrations marking the 45th anniversary of the independence of Saint Vincent and the Grenadines. In addition, he met with Governor-General Susan Dougan, held bilateral talks with Prime Minister Ralph Gonsalves, attended a welcome reception hosted by the government, and took part in other official events.
     
    Minister Lin joined Prime Minister Gonsalves in presiding over the groundbreaking ceremony for the Arnos Vale Acute Care Hospital. He also attended the official opening of a farmers training room and a cold storage facility built at Orange Hill Farm with Taiwan’s support; a plaque unveiling for a new livestock facility at the Rabacca National Breeding Station; and an October fair celebrating the national days of both countries. Minister Lin reaffirmed President Lai’s staunch commitment to deepening relations with Saint Vincent and the Grenadines and, together with local residents, witnessed the results of Taiwan’s international development programs.
     
    Speaking at the groundbreaking ceremony for the Arnos Vale Acute Care Hospital, Minister Lin said that the important project highlighted the close partnership between the two countries. He expressed confidence that it would not only contribute to medical care modernization but also create job opportunities in Saint Vincent and the Grenadines. He stated that in addition to building the hospital, Taiwan had also promoted other infrastructure projects, including the modernization of Kingstown Port, road renovation, and the construction of the House of Assembly and courthouse buildings.
     
    During the event at Orange Hill Farm, Minister Lin noted that bilateral cooperation in agricultural technology had yielded significant results. He commended the establishment of Orange Hill Biotechnology Center, which had long served as a key pillar for agricultural advancement and modernization of the sector in Saint Vincent and the Grenadines. He also spoke about the launch of a new agricultural cooperation program in 2025 focusing on the introduction of smart agricultural technologies to improve productivity and bolster young people’s engagement in agriculture.
     
    The Republic of China (Taiwan) and Saint Vincent and the Grenadines established diplomatic relations in 1981. Over the past 43 years, bilateral cooperation projects have produced remarkable achievements. The two countries enjoy a cordial and solid partnership; share the core values of democracy, freedom, and human rights; and engage in close collaboration in such domains as agriculture, food security, infrastructure, medical care, public health, ICT, and women’s empowerment. Both nations will continue to build on the existing robust foundation to strengthen cooperation and deepen their partnership based on shared prosperity and mutual benefit. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI: Valeura Energy Inc.: Completion of Internal Restructuring

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Nov. 05, 2024 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to announce the completion of an internal restructuring of its Thailand subsidiary companies. 

    Valeura’s working interests in all its Thai III fiscal contracts, covering the Nong Yao, Manora and Wassana fields, are now held by Valeura Energy (Thailand) Ltd, a wholly owned subsidiary of Valeura, which previously had only held an interest in the Wassana asset.  The Company anticipates that the new structure offers the potential to optimise various operational and financial aspects of these assets.  In particular, the Company anticipates realising efficiencies through ongoing contracting and procurement, as well as the pooling of future costs and historical tax loss carry-forwards associated with these assets.  As of September 30, 2024, the cumulative tax loss carry-forwards are estimated at US$397 million(1).  

    Dr. Sean Guest, President and CEO commented:

    “Today marks a milestone in delivering value for our shareholders, and completes the integration work we started after our Gulf of Thailand acquisitions in 2022 and 2023.  Early on, we identified the potential for greater efficiency by bringing our Thai III assets together through a re-organisation; our team recognised that together, these assets are worth more than the sum of their parts. 

    Pursuing this type of synergy strengthens our ability to re-invest in the business for the benefit of all stakeholders.  We intend to continue investing directly into the many organic growth opportunities inherent in our Thailand portfolio, and also seeking new ways to provide further value, including through acquisition-led growth.”

    Under Thailand’s income tax provisions, from today forward, petroleum income tax for the three subject assets will be assessed as a single entity. Tax obligations relating to the previous subsidiary company arrangement are required to be assessed immediately and settled within the next 30 days. Taxation arrangements for the Jasmine field, which is governed by a different vintage of fiscal terms (known as Thai I), and held in a separate subsidiary entity, will continue unchanged. 

    (1) Unaudited internal management estimate based on Thai baht exchange rate as of November 1, 2024, subject to review by tax advisors and auditors.

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)  +65 6373 6940
    Sean Guest, President and CEO  
    Yacine Ben-Meriem, CFO  
    Contact@valeuraenergy.com  
       
    Valeura Energy Inc. (Investor and Media Enquiries)  +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations  
    IR@valeuraenergy.com  
       

    Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

    About Valeura

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this news release includes, but is not limited to: the potential to optimise various operational and financial aspects, relating to such matters as ongoing contracting and procurement, as well as the pooling of future costs and historical tax loss carry-forwards associated with these assets and statements with respect to the growth opportunities inherent in the Company’s Thailand portfolio and the Company seeking new ways to provide further value.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: the ability of the Company to obtain the anticipated benefits from the internal restructuring; political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; ability to attract a partner to participate in its tight gas exploration/appraisal play in Türkiye; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    The forward-looking information contained in this new release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this new release is expressly qualified by this cautionary statement.

    This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

  • MIL-OSI: Progress on share buyback programme

    Source: GlobeNewswire (MIL-OSI)

    Progress on share buyback programme

    ING announced today that, as part of our €2.0 billion share buyback programme announced on 31 October 2024, in total 4,016,274 shares were repurchased during the week of 31 October 2024 up to and including 1 November 2024.

    In line with the purpose of the programme to reduce the share capital of ING, the ordinary shares were repurchased at an average price of €15.64 for a total consideration of €62,798,086.93. To date approximately 3.14% of the maximum total value of the share buyback programme has been completed.

    For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.

    Note for editors

    For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via X @ING_news feed. Photos of ING operations, buildings and its executives are available for download at Flickr.

    ING PROFILE
    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell.

    Important legal information

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non-compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change and ESG-related matters, including data gathering and reporting (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    The MIL Network –

  • MIL-OSI: Karolinska Development’s portfolio company BOOST Pharma successfully completes pre-IND meeting with FDA and receives second tranche of investment

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN, November 5 2024. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company BOOST Pharma has succesfully completed a pre-IND meeting with the U.S. Food and Drug Administration, FDA, for its cell therapy aiming to treat children with the rare bone disease Osteogenesis Imperfecta (OI). The positive outcome from the meeting will trigger the second tranche of Karolinska Development’s investment in BOOST Pharma.

    BOOST Pharma has completed a pre-IND meeting with the FDA where the company received positive response of the proposed clinical development plan for its allogeneic cell therapy as a treatment of the rare bone disease Osteogenesis Imperfecta (OI). The primary objective of the meeting was to present results from the phase 1/2 clinical trial BOOSTB4 and to seek concurrence on the development plan and the design of a phase 3 clinical trial to be qualified as a registration trial. BOOST Pharma received positive and constructive feedback from the FDA and will now start preparations for the phase 3 clinical program to be executed in U.S. and Europe, which includes submission of an IND containing the full phase 3 trial protocol to the FDA.

    The positive outcome from the pre-IND meeting will trigger the second tranche of Karolinska Developments investment in BOOST Pharma according to the agreement concluded earlier this year.

    “The successful pre-IND meeting marks an important milestone for our portfolio company BOOST Pharma in the ongoing development of a potentially groundbreaking treatment for an agonizing disease. Following this important advancement, Karolinska Development is delighted to increase its ownership in this exciting and mature project, which is rapidly approaching phase 3.” says Viktor Drvota, CEO of Karolinska Development.

    BOOST Pharma is developing a first-in-class and potentially groundbreaking cell-based treatment for the congenital disease osteogenesis imperfecta (OI), a condition characterized by fragile bones, constant fractures and deformities of bones. The treatment is based on novel cell therapy, using human stem cells, with especially high bone-forming capabilities. The company is the first to develop a treatment to be administered directly upon diagnosis, either before or right after birth, providing a possible treatment advantage in the early years of life, when most fractures occur.

    BOOST Pharma’s cell therapy has received Rare Pediatric Disease designation in the U.S. and Orphan Drug Designation in the U.S. and EU.

    Karolinska Development’s ownership in BOOST Pharma will amount to 10% following this second tranche.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com 

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About BOOST Pharma ApS
    BOOST Pharma ApS is a Danish company founded based on research from Karolinska Institutet, focusing on novel cell therapy treatments for osteogenesis imperfecta, OI. The company’s treatment has a unique position on the market since it targets the underlying condition causing fractures and bone deformities, unlike any other product under development.

    About Karolinska Development AB
    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com

    Attachment

    The MIL Network –

  • MIL-OSI China: Foreign Minister Lin visits jointly constructed neonatal building of San Juan de Dios Hospital and joins Guatemalan Foreign Minister Martínez in celebrating 90th anniversary of bilateral ties

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin visits jointly constructed neonatal building of San Juan de Dios Hospital and joins Guatemalan Foreign Minister Martínez in celebrating 90th anniversary of bilateral ties

    • Date：2024-10-27
    • Data Source：Department of Latin American and Caribbean Affairs

    October 27, 2024  

    No. 371  

    On October 25, during his visit to Guatemala, Minister of Foreign Affairs Lin Chia-lung met with President Bernardo Arévalo, Foreign Minister Carlos Martínez, and other senior officials. He also toured the neonatal building of San Juan de Dios Hospital, which finished construction this year with assistance from Taiwan. While at the new building, Minister Lin interacted with families that benefited from the joint endeavor, giving him the opportunity to better understand the fruits of Taiwan-Guatemala collaboration. 

     

    Hospital Director Erika Pérez and Pediatrics Department Chief Juan Carlos Reyes introduced the facilities and functions of the building to Minister Lin when he toured the neonatal building in the morning. Accompanied by Guatemalan Minister of Public Health and Social Assistance Joaquín Barnoya, Minister Lin attended a traditional Taiwanese ceremony to bless infants and gave gifts to the attending families. 

     

    In his remarks at San Juan de Dios Hospital, Minister Lin stated that, in addition to the joint construction of the hospital’s neonatal building, Taiwan’s technical mission and Guatemala are working on a program to promote maternal and neonatal health care. The initiative will assist in training medical professionals at hospitals and birth centers in Guatemala City to enhance their ability to give women clinical care before, during, and after childbirth and reduce premature birth and infant mortality risks, benefiting 70,000 people each year. It will also arrange for related personnel from Guatemala to travel to Taiwan for training. Over 450 health care professionals are expected to receive training, thereby raising the quality of services available to women and children in Guatemala. It took just 12 months for Taiwan and Guatemala to complete the planning and construction of the neonatal building of San Juan de Dios Hospital, which has helped improve maternal and neonatal care. The important project has been met with wide approval from the government and civil society of Guatemala. 

     

    In the afternoon, Minister Lin called at Guatemala’s Ministry of Foreign Affairs to meet with Minister Martínez, who invited him to view bamboo planted by Taiwan’s technical mission in the square outside the building. The plants commemorate 90 years of friendship and diplomatic relations between Taiwan and Guatemala. (E)

    MIL OSI China News –

  • MIL-OSI China: Foreign Minister Lin leads delegation to Saint Vincent and the Grenadines as presidential envoy to attend 45th independence anniversary celebrations

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin leads delegation to Saint Vincent and the Grenadines as presidential envoy to attend 45th independence anniversary celebrations

    • Date：2024-10-28
    • Data Source：Department of Latin American and Caribbean Affairs

    October 28, 2024 

    No. 375 

    Minister of Foreign Affairs Lin Chia-lung, serving as President Lai Ching-te’s special envoy, led a delegation to Caribbean ally Saint Vincent and the Grenadines on October 26. He participated in a ceremony and other celebrations marking the 45th anniversary of the independence of Saint Vincent and the Grenadines. In addition, he met with Governor-General Susan Dougan, held bilateral talks with Prime Minister Ralph Gonsalves, attended a welcome reception hosted by the government, and took part in other official events.

     

    Minister Lin joined Prime Minister Gonsalves in presiding over the groundbreaking ceremony for the Arnos Vale Acute Care Hospital. He also attended the official opening of a farmers training room and a cold storage facility built at Orange Hill Farm with Taiwan’s support; a plaque unveiling for a new livestock facility at the Rabacca National Breeding Station; and an October fair celebrating the national days of both countries. Minister Lin reaffirmed President Lai’s staunch commitment to deepening relations with Saint Vincent and the Grenadines and, together with local residents, witnessed the results of Taiwan’s international development programs.

     

    Speaking at the groundbreaking ceremony for the Arnos Vale Acute Care Hospital, Minister Lin said that the important project highlighted the close partnership between the two countries. He expressed confidence that it would not only contribute to medical care modernization but also create job opportunities in Saint Vincent and the Grenadines. He stated that in addition to building the hospital, Taiwan had also promoted other infrastructure projects, including the modernization of Kingstown Port, road renovation, and the construction of the House of Assembly and courthouse buildings.

     

    During the event at Orange Hill Farm, Minister Lin noted that bilateral cooperation in agricultural technology had yielded significant results. He commended the establishment of Orange Hill Biotechnology Center, which had long served as a key pillar for agricultural advancement and modernization of the sector in Saint Vincent and the Grenadines. He also spoke about the launch of a new agricultural cooperation program in 2025 focusing on the introduction of smart agricultural technologies to improve productivity and bolster young people’s engagement in agriculture.

     

    The Republic of China (Taiwan) and Saint Vincent and the Grenadines established diplomatic relations in 1981. Over the past 43 years, bilateral cooperation projects have produced remarkable achievements. The two countries enjoy a cordial and solid partnership; share the core values of democracy, freedom, and human rights; and engage in close collaboration in such domains as agriculture, food security, infrastructure, medical care, public health, ICT, and women’s empowerment. Both nations will continue to build on the existing robust foundation to strengthen cooperation and deepen their partnership based on shared prosperity and mutual benefit. (E)

    MIL OSI China News –

  • MIL-OSI Europe: Wage agreements for 2024 in the context of collective labour agreements (CLA) – Real and minimum wages increase in 2024 by 2.1% and 2% respectively

    Source: Switzerland – Department of Home Affairs

    The social partners signatory to Switzerland’s main collective labour agreements (CLA) agreed a nominal rise in real wages of 2.1% and a nominal rise in minimum wages of 2% for 2024. The average real wage increase (+2,1%) comprises a 0.4% increase at individual level and a 1.7% increase at collective level. These are the some of the results of the wage agreements survey carried out by the Federal Statistical Office (FSO).

    MIL OSI Europe News –

  • MIL-OSI Russia: Internship of Russian specialists in China has started

    Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    On November 4, a group of Russian specialists – graduates of the Presidential Program, led by the Director of the Federal Resource Center Alexey Bunkin, arrived in the People’s Republic of China in Beijing to undergo an overseas internship in the areas of “Economic Cooperation in Mechanical Engineering” and “General Economic Cooperation”. 50 representatives of Russian business from 20 regions of the Russian Federation will undergo an intensive internship in the largest organizations in Beijing and Shanghai for a week.

    The rector of the State University of Management Vladimir Stroyev is taking part in the Russian business mission. Let us recall that the State University of Management has been the operator of the program for training Russian specialists abroad for the third year in a row, which is conducted for graduates of the Presidential Program for Training Management Personnel for Organizations of the National Economy of the Russian Federation.

    The business program of internship of Russian specialists in Beijing was opened by the director of the Federal State Budgetary Institution “FRC” Alexey Bunkin, emphasizing that the internship opens up great opportunities for business representatives to establish business contacts, get acquainted with the peculiarities of the organization and management of enterprises, and study the experience of high-tech production.

    Then, the rector of the State University of Management Vladimir Stroyev made a welcoming speech, noting that the program for training specialists abroad is a kind of driver for the development of trade and economic relations between the Russian Federation and other countries, providing participants with the opportunity to establish business contacts for the development of mutually beneficial economic ties and their own business, meet foreign partners, study the equipment and technologies offered, and negotiate with potential partners in specific areas and types of activities. Vladimir Stroyev also emphasized that internships are highly effective in terms of building horizontal ties and partnerships among Russian specialists. The rector of the State University of Management expressed confidence that the implementation of such projects will help form a new generation of entrepreneurs operating on the basis of specially formed competencies and practical skills in building international economic cooperation.

    After the completion of the official opening of the program, representatives of the Trade Mission of the Russian Federation in the People’s Republic of China, the Representative Office of the Ministry of Economic Development of the Russian Federation in the People’s Republic of China, and the Russian House in Beijing made presentations.

    The speakers talked about how to find a Chinese counterparty and start exporting your products to China, about the financial aspects of entering the Chinese market and checking the reliability of Chinese companies. The reports caused a lively discussion and a large block of questions.

    Representatives of Russian departments in China wished the interns fruitful work and successful completion of the program and once again emphasized their readiness to provide assistance and support in the implementation of business projects for the benefit of the interests of Russian-Chinese trade and economic relations.

    The first day’s program ended with an organizational meeting with the working group of the State University of Management under the leadership of Vice-Rector Dmitry Bryukhanov, during which they discussed in detail the upcoming events of the program, the specifics of representing Russian companies at meetings with representatives of the Chinese business community in terms of intercultural communication and the specifics of conducting negotiations with potential partners at B2B and individual meetings.

    Subscribe to the TG channel “Our GUU” Date of publication: 11/5/2024

    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 China: ​New initiative digs into literature for cinematic inspiration

    Source: China State Council Information Office 3

    The inaugural Neutron Star Fiction Monthly Film & TV Adaptation Value Potential List was unveiled on Nov. 1, awarding 10 works that could be adapted into either films or TV series. Taking place in Beijing, the event also promoted the close connection between literature and film.

    Renowned screenwriter Chen Yu, chairman of Neutron Star Films, speaks at the Neutron Star Fiction Monthly Film & TV Adaptation Value Potential List release ceremony in Beijing, Nov. 1, 2024. [Photo courtesy of Neutron Star Films]

    Neutron Star Films, Yida Media alongside Baihua Literature and Art Publishing House jointly announced the list to forge stronger connections between distinguished authors and film and TV producers. 

    According to organizers, the initiative seeks to display literary works’ potential to become film and TV adaptations. This provides a more diverse variety of compelling storytelling blueprints for film and TV creation, thereby fostering reciprocity and co-prosperous development between sectors of the media and entertainment industry.

    Organizers spent a year gathering over 370 literary works from issues of Fiction Monthly, and its various versions, as well as Science Fiction Cube. All publications are distributed by Baihua Literature and Art Publishing House. After three rounds of evaluations by experts and industry leaders, five short stories and five novellas were chosen. The final 10 works were selected based on having the highest potential for film and TV adaptation.

    For best short stories, the five works selected were “Night Wanderer,” “Birds Fly into the Forest,” “The Case of the Missing Shepherd,” “1993” and “Going to the Future for Shopping.” For best novellas “Land of No Name,” “Architecture Ethics,” “Remain Silent,” “Mutual Hunt” and “High Building in the Northwest” were chosen as potential source material for film and TV adaptions. The selected works cover topics such as romance, martial arts and contemporary urban life. Among them, “Night Wanderer” and “Land of No Name” were the highest-voted works in the short story and novella categories, respectively.

    The organizers promised that they will deliver these literary works to production companies within the film and TV industry. This initiative aims to fully meet the market’s demand for a diverse range of film and TV content while also addressing the various needs of streaming platforms and their audiences.

    Organizers of the event pose with the shortlisted works’ writers for a photo at the Neutron Star Fiction Monthly Film & TV Adaptation Value Potential List release ceremony in Beijing, Nov. 1, 2024. [Photo courtesy of Neutron Star Films]

    “The profound expression of classic literature is still needed in the fragmented viewing atmosphere of the short video era, thus adaptations of classic literature into films and television series have ‘essential’ value in this age,” veteran screenwriter Chen Yu pointed out during the event to announce the 10 literary works.

    Chen Yu, also a professor at Peking University and a famed director, is responsible for several blockbusters that were directed by China’s prominent filmmaker Zhang Yimou, such as “Under the Light” and “Full River Red.” Chen Yu founded Neutron Star Films and has served as its chairman since last year.

    He noted that the film and TV industry’s lack of original content makes the search for excellent stories urgent. For the 10 shortlisted works, Chen Yu not only highlighted their textual values but also offered guidance on potential methods to develop them into film and TV projects, providing project references and discussing their relevance to contemporary values.

    Speakers pose for a photo on stage after a forum themed “How film and TV works draw nutrients from literature,” held following the Neutron Star Fiction Monthly Film & TV Adaptation Value Potential List release ceremony in Beijing, Nov. 1, 2024. [Photo courtesy of Neutron Star Films]

    A forum themed “How film and TV works draw nutrients from literature” was held following the announcement of the list, with six heavyweight speakers joining the panel to share their insight and experiences. 

    During the session, Chen Yan (no relation to Chen Yu), vice chairman of the Chinese Writers Association and the China Theatre Association, emphasized that even short literary works should convey a grand theme and delve into the finer details of life, focusing primarily on a rich depiction of human nature. Regarding cinematic adaptations, he noted that while film and TV versions of literary works should respect the original work’s intent, scriptwriters should also have the freedom for creative interpretation.

    Chen Yu believes that to determine whether a novel is worth adapting into a film or TV drama several criteria should be considered, including whether the work possesses contemporary relevance and originality as well as features distinctive characters and character relationships.

    MIL OSI China News –