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  • MIL-OSI Economics: Samsung Opens Its Largest Experience Store in Gurugram at DLF CyberHub, Redefining Customer Engagement with Next-Gen Technology

    Source: Samsung

     
    Samsung, India’s leading consumer electronics brand, has announced the launch of its largest Experience Store in Gurugram, located at DLF CyberHub—a centre known for its diverse mix of entertainment, lifestyle, and commerce. This sprawling 3,000 sq. ft. space is where consumers can immerse themselves in Samsung’s most advanced mobile and connected technology offerings.
     
    Located in one of Gurugram’s busiest and most accessible areas, the store is designed to cater to the city’s tech-savvy and innovation-driven community. Visitors can experience hands-on interaction with Samsung’s flagship smartphones, wearables, audio devices, and the SmartThings ecosystem in thoughtfully curated immersive zones.
     
    In addition, the store emphasizes personalized customer engagement, with dedicated experts available to guide visitors through Samsung’s latest products, helping them discover tailored solutions that meet their lifestyle needs.
     
    “Our new Experience Store at DLF CyberHub marks a significant step in Samsung’s journey to bring innovative, seamlessly-integrated technology closer to consumers. This store is more than a retail space, it offers a glimpse into the future of connected living, where our SmartThings ecosystem and mobile experiences converge to improve everyday life. Building on the success of our existing experience stores nationwide, the CyberHub location is set to elevate customer engagement through hands-on demonstrations, personalized consultations, and immersive zones that highlight our latest innovations. We invite consumers to explore and experience the cutting-edge technology that is shaping the future of how we live, work, and connect,” said Sumit Walia, Vice President, D2C Business, Samsung India.
     
    Samsung’s new Experience Store is a careful blend of the physical and digital worlds. With a full omni-channel experience, customers can transition effortlessly between browsing in-store and purchasing online through Samsung’s Store+ platform. Whether in-store or online, consumers have access to over 1,200 Samsung products, ranging across Mobiles, Smart TVs, Refrigerators and beyond, all available for home delivery.
     
    Samsung is also taking customer engagement a step further with its ‘Learn @ Samsung’ initiative, offering workshops designed for AI education. This includes topics that focus on consumer passion points and interests such as doodling, photography, fitness and productivity. The new Samsung Experience store will also be providing after-sales service for smartphones and the convenience of booking home service calls for all consumer electronics needs.
     
    To mark the opening, Samsung is rolling out special offers for early visitors, including the Galaxy Fit3 at INR 1,999 on select Galaxy purchases and double SmartClub points on all transactions. These exclusive deals add even more value to the immersive experience awaiting customers at DLF CyberHub.
     
    Samsung invites all tech enthusiasts, shoppers, and innovators to visit the new Experience Store and explore the best in mobile technology, connected solutions, and personalized services—all designed to deliver a premium, future-forward experience.

    MIL OSI Economics –

    January 26, 2025
  • MIL-Evening Report: Crossbenchers cancel their membership of airlines’ elite lounges

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Crossbench independents Allegra Spender, Helen Haines and Kate Chaney have declared they are pulling out of the elite lounges run by Qantas and Virgin, amid the ongoing spotlight on privileges politicians receive from the airlines.

    Allegra Spender, the member for the Sydney seat of Wentworth, also said she’d write to ask Qantas and Virgin not to give free upgrades to parliamentarians. It was “time to end the upgrades”.

    She said all sides of politics enjoyed the perks, and both major parties had blocked greater competition from Qatar Airways.

    Airlines operated under government policy and ministerial decisions, she said. “The public is understandably losing trust in politicians to make those decisions impartially when they’re being given free upgrades from the companies they’re supposed to regulate.”

    Spender urged a review of the ministerial code of conduct. Tighter rules were needed about what politicians could accept. The code should also be extended to shadow ministers. There should as well be much more transparency over the diaries of ministers, she said.

    “This is the only way to deal with the perception – and potential reality – of decisions being influenced by perks.”

    But Labor MP Luke Gosling, from the Darwin seat of Solomon, accused her of grandstanding. “It’s a bit rich from the people with harbour views who either drive or have less than a one-hour flight,” he told the ABC.

    Haines, from the Victorian regional seat of Indi, said she was quitting the lounges because she wanted “to remove any possibility of an actual or perceived conflict of interest” in her work as an MP.

    “The reality that airlines offer these kinds of perks because ultimately they want to get something in return does not sit well with me and I want to continue to contribute to creating a culture of transparency and accountability through my actions as well as my words.”

    Haines said she wanted “to see more rigorous rules around MP disclosures of upgrades and I think a ban on soliciting free flight upgrades is more than reasonable”.

    Chaney, who holds the Western Australian seat of Curtin, said with the media attention on the issue “we need to do everything we can to rebuild trust in politicians making decisions in the public interest”.

    Another crossbencher, Monique Ryan, from the Melbourne seat of Kooyong, who dropped her Qantas chairman’s lounge membership last year on integrity grounds, said she welcomed the discussion about the impact of corporate largesse on MPs’ decision-making.

    “I am deeply concerned about lobbying and its potential to impact government decision making. Free upgrades and airline hospitality are lobbying practices that we have taken for granted for a long time, and it is important that we re-examine them — especially given public concerns about conflicts of interest.”

    Meanwhile there is no indication of when opposition transport spokeswoman Bridget McKenzie, who was leading the charge against the prime minister over his upgrades, will produce a list of her own. She has said she has written to three airlines to check what upgrades she has had.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Crossbenchers cancel their membership of airlines’ elite lounges – https://theconversation.com/crossbenchers-cancel-their-membership-of-airlines-elite-lounges-242782

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
  • MIL-OSI China: China sees progress in green transition, climate response

    Source: China State Council Information Office 2

    China has scored remarkable achievements in green and low-carbon development in recent years, accelerating its green transition on multiple fronts while actively contributing to global actions against climate change.
    Green transition
    Wen Hua, an official with the National Development and Reform Commission, said that China’s progress in green development was manifested in several aspects, citing the policy framework for carbon peaking and neutrality, an optimized industrial structure, and higher resource utilization efficiency, among others.
    China has established a “1+N” policy framework for carbon peaking and neutrality, which includes two overarching documents as top-level design, 12 implementation plans targeting specific sectors and industries, and supporting plans covering sectors such as science, technology and finance, Wen said.
    The industrial structure has also been upgraded. While improving energy efficiency and reducing carbon emissions from existing projects, China has set strict energy and environmental standards for new projects.
    In particular, Wen underscored the positive impacts of the large-scale equipment upgrades and trade-ins of consumer goods programs implemented since the start of the year.
    The scheme serves not only as a robust measure to boost investment and consumption, but also a crucial climate policy. By promoting the application of advanced and energy-saving products and equipment, the program has helped reduce energy and carbon intensities across society, Wen said.
    Dong Wancheng, an official with the National Energy Administration, highlighted the country’s intensified efforts in energy transition. Dong said that China has boosted the development of clean energy, with the share of clean energy in total energy use increasing 10.9 percentage points over the past decade.
    Global contribution
    While speeding up its transition towards green and low-carbon growth, China has also played an active role in global climate change mitigation.
    China’s energy transition is making an increasing contribution to the world, said Dong, adding that the country has been sharing high-quality clean energy products with other countries, contributing to the world’s energy transition and carbon reduction.
    For instance, China’s wind power and photovoltaic product exports helped other countries reduce carbon dioxide emissions by about 810 million tonnes in 2023, according to the white paper issued by China’s State Council Information Office in August this year.
    Xia Yingxian, an official with the Ministry of Ecology and Environment, said that China has placed great importance on tackling climate change and has made new strides in this regard.
    According to Xia, China’s carbon dioxide emissions per unit of GDP have logged a sustained decline, and its carbon market mechanism has been further strengthened. He emphasized that the country will steadily expand its national carbon trading market and strive to ensure its healthy and stable operation.
    Noting that the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change is approaching, Xia said that China will continue to play a positive and constructive role in negotiations.
    Azerbaijan has been selected as the Presidency of the COP29, to be hosted in Baku this November.
    Xia said that China will work with all other parties to support Azerbaijan’s Presidency in achieving positive outcomes from the COP29. 

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI China: China creates 2.45 million jobs through work-relief programs

    Source: China State Council Information Office 2

    China has promoted the implementation of work-relief programs by local governments in key projects as well as agricultural and rural infrastructure projects to boost employment, the country’s top economic planning body said Monday.
    In the first three quarters of 2024, these programs created a total of 2.45 million jobs for low-income workers, a year-on-year increase of 30.2 percent, and distributed 31 billion yuan (about 4.35 billion U.S. dollars) in wages, up 22.7 percent from a year earlier, according to the National Development and Reform Commission.
    These work-relief programs are aimed at people in need of employment, especially rural residents who have been lifted out of poverty, vulnerable individuals prone to returning to poverty, and migrant workers who have gone back to their hometowns.
    The commission will continue to give full play to the role of these programs in creating jobs for low-income workers and increasing their incomes, it said. 

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI Asia-Pac: DoJ strongly condemns violent and illegal acts of attempting to attack magistrate

    Source: Hong Kong Government special administrative region

    DoJ strongly condemns violent and illegal acts of attempting to attack magistrate
    DoJ strongly condemns violent and illegal acts of attempting to attack magistrate
    *********************************************************************************

         The Department of Justice (DoJ) strongly condemned the attempt to attack a magistrate involving the use of a knife, threatening his personal safety, at the Kowloon City Magistrates’ Courts this morning (November 4). The Hong Kong Special Administrative Region (HKSAR) Government will not tolerate any illegal or violent acts, and the Police will thoroughly investigate the case, strictly enforce the law and bring any offender to account.     Article 85 of the Basic Law clearly states that the courts of the HKSAR shall exercise judicial power independently, free from any interference. Judges should handle cases in accordance with law and evidence. Intimidation, in particular violence of any form against judges who are performing judicial duties, will never be tolerated. Such illegal acts not only disregard the law but also undermine the rule of law. The Police will follow up on the matter seriously. The DoJ appeals to the public to respect the rule of law and not to break the law.

     
    Ends/Monday, November 4, 2024Issued at HKT 14:56

    NNNN

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: Land Registry releases statistics for October

    Source: Hong Kong Government special administrative region

         The Land Registry today (November 4) released its statistics for October 2024.
     
    Land registration    
    ——————- 
    *   The number of sale and purchase agreements for all building units received for registration in October was 5 857 (+52.4 per cent compared with September 2024 and +99.4 per cent compared with October 2023)
     
    *   The 12-month moving average for October was 5 173 (4.9 per cent above the 12-month moving average for September 2024 and 7.0 per cent above that for October 2023)
     
    *   The total consideration for sale and purchase agreements of building units in October was $41.7 billion (+50.6 per cent compared with September 2024 and +43.6 per cent compared with October 2023)
     
    *   Among the sale and purchase agreements, 4 697 were for residential units (+64.9 per cent compared with September 2024 and +121.2 per cent compared with October 2023)
     
    *   The total consideration for sale and purchase agreements in respect of residential units was $37.3 billion (+78.9 per cent compared with September 2024 and +52.2 per cent compared with October 2023)
     
         Statistics on sales of residential units do not include sale and purchase agreements relating to sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme, the Tenants Purchase Scheme, etc, unless the premium of the unit concerned has been paid after the sale restriction period.
          
         Figures on sale and purchase agreements received for the past 12 months, the year-on-year rate of change and breakdown figures on residential sales have also been released.
          
         As deeds may not be lodged with the Land Registry until up to 30 days after the transaction, these statistics generally relate to land transactions in the previous month.
     
    Land search    
    ————– 
    *   The number of searches of land registers made by the public in October was 394 484 (+11.1 per cent compared with September 2024 and +7.9 per cent compared with October 2023)
     
         The statistics cover searches made at the counter, through the self-service terminals and via the Integrated Registration Information System Online Services.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: The warmest October

    Source: Hong Kong Government special administrative region

    The warmest October
    The warmest October
    *******************

         Mainly attributable to the weaker northeast monsoon over southern China, October 2024 was much warmer than usual in Hong Kong. The monthly mean maximum temperature of 30.3 degrees, monthly mean temperature of 27.3 degrees and monthly mean minimum temperature of 25.4 degrees were 2.2 degrees, 1.6 degrees and 1.5 degrees respectively above their corresponding normals and all of them were the highest on record for October. There were three very hot days in the month, one of the highest on record for October. The month was also much drier than usual with a total rainfall of 11.3 millimetres, only about 9 per cent of the normal figure of 120.3 millimetres. The accumulated rainfall this year up to October was 2 115.6 millimetres, about 10 per cent lower than the normal figure of 2 363.1 millimetres for the same period.      Super Typhoon Krathon over the northeastern part of the South China Sea moved slowly towards the southern part of Taiwan on October 1 and 2. It weakened into a typhoon and made landfall over the coast of Gaoxiong on the afternoon of October 3. Krathon rapidly weakened into an area of low pressure over the southern part of Taiwan the next morning. Under the influence of the outer subsiding air of Krathon, it was mainly fine and very hot in Hong Kong on the first day of the month. The temperatures at the Observatory soared to a maximum of 34.2 degrees on that afternoon, the highest of the month and also the third-highest absolute maximum temperature for October. Moreover, the daily mean temperature of 30.9 degrees on the same day was the highest on record for October.      Meanwhile, a strong northeast monsoon gradually affected the coast of Guangdong on October 1, and local winds strengthened from the north in the afternoon. Under the influence of the monsoon, it was slightly cooler in the morning of October 2 and 3, and the weather was mainly fine and dry during the day. The weather remained mainly fine and dry during the day from October 4 to 8. With a band of clouds covering the coastal areas of Guangdong, the weather turned cloudier with a few light rain patches on October 9. While it was dry with sunny periods during the day on October 10, an easterly airstream set in at night and brought rainy weather to Hong Kong that night and the next morning. The rain was heavier on the morning of October 11, and more than 20 millimetres of rainfall were recorded over the eastern part of the territory. The weather turned dry with sunny intervals in the afternoon.      Under the influence of a dry easterly airstream, apart from a few rain patches on the morning of October 12, the weather was mainly fine and dry during the day from October 12 to 15. Affected by upper-air disturbances, the weather turned cloudier with a few showers from October 16 to 18. It was mainly fine with some haze on October 19. With light winds and plenty of sunshine, the maximum temperature recorded at the Observatory in the afternoon was 33.7 degrees, making it the latest very hot day of a year on record. Affected by an easterly airstream, there were a few light rain patches in the morning and sunny intervals during the day on October 20 and 21. With the moderation of the easterly airstream, the weather turned mainly fine and dry on October 22.      Meanwhile, an area of low pressure over the seas east of the Philippines intensified into a tropical depression on October 21 and was later named Trami. It tracked northwestwards towards Luzon and intensified gradually on October 22 and 23. After moving across Luzon, Trami moved generally westwards across the central and northern parts of the South China Sea on October 25 and 26. It made landfall over the central part of Vietnam on the morning of October 27 and progressively weakened into an area of low pressure over the inland areas the next day.       Under the influence of a dry northeast monsoon, it was mainly fine and dry on October 23. With the strengthening of the monsoon, it was slightly cooler the next morning and the temperatures at the Observatory dropped to a minimum of 22.0 degrees, the lowest of the month. The weather was mainly fine and very dry during the day with the relative humidity over most parts of the territory once falling to about 30 per cent. While it was still mainly fine during the day on October 25, the weather turned cloudy at night with the approach of Trami. Under the combined effect of the northeast monsoon and Trami, the weather of Hong Kong was mainly cloudy with a few showers on October 26. Strong winds were also recorded over many places of the territory on that day. With Trami departing from Hong Kong, local winds moderated gradually at night and the next morning. With a band of clouds covering the coast of Guangdong, the weather remained mainly cloudy with a few light rain patches in the morning from October 27 to 29. Affected by a dry northeast monsoon, the weather turned fine and dry on the last two days of the month.      Five tropical cyclones occurred over the South China Sea and the western North Pacific in October 2024.     Details of issuance and cancellation of various warnings/signals in the month are summarised in Table 1. Monthly meteorological figures and departures from normal for October are tabulated in Table 2.

     
    Ends/Monday, November 4, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI United Kingdom: New tool to make it easier and faster for public to access essential government services online

    Source: United Kingdom – Executive Government & Departments

    GOV.UK Forms, a new tool for faster, more accessible online government forms, will be rolled out nationwide after successful trials showed major time savings and improved efficiency.

    • GOV.UK Forms to be rolled out across government, making it faster and easier for the public to fill out forms such as applying for emergency travel documents 
    • Tool has already helped over 20,000 armed forces personal apply for veteran badges and victims of the Horizon scandal apply for compensation
    • With 87 forms live and used by over 1,200 civil servants, GOV.UK Forms marks a key step in the UK government’s digital transformation

    People across the country will be able to complete government forms online more quickly and easily, boosting efficiency and speeding up access to support. 

    The new tool, GOV.UK Forms, has already been used to speed up registration for redress for more than 300 sub-postmasters affected by the Horizon IT scandal by removing the need for lengthy paperwork, print-outs and administrative hurdles – with forms taking less than five minutes to complete. 

    It’s also been used by the public to register XL Bully dogs and recruit over 400 new volunteer coastguards, with the tool already saving an estimated two years in processing time. 

    GOV.UK Forms will transform how the public fill out applications and forms on GOV.UK by offering them an online platform to fill in their details instead – meaning they no longer have to rely on clunky PDFs or lengthy paperwork, which is inefficient and less accessible.

    The tool will now be rolled out across all government departments after a successful trial and provide civil servants with a digital platform that allows them to create and manage secure, accessible forms online. 

    Harnessing the power of technology will be crucial to support the government in achieving its mission of making public services work for working people, grow the economy, and make everyone across the country better off.     

    Minister for AI and Digital Government Feryal Clark will unveil the full rollout of GOV.UK Forms at the Digital Nations Ministerial Summit in Copenhagen, Denmark today. 

    Speaking on the platform’s success, Minister Clark said:

    We’re enabling citizens to access essential government services more easily and securely, whether it’s applying for long overdue compensation or to become a volunteer.

    Not only will this modernise how the public interacts with us, but it allows departments to focus resources on improving public services – rather than administrative tasks.

    This early success marks the start of our ongoing mission to refine digital tools, building trust and ensuring government works for everyone, everywhere.

    Following successful private beta and early access phases, GOV.UK Forms will now enter a ‘public beta’ testing phase, which will mean it is applied more widely where citizens need to share information with the government.  

    To date, 87 forms have been published, with over 1,200 government users adopting the platform, saving more than two years in processing time. 

    Christine Bellamy, CEO of the Government Digital Service (GDS) said:  

    GOV.UK Forms enables people running government services to create online forms in minutes, without the need for coding or design skills.

    By enabling teams to replace paper-based forms with digital alternatives that are quicker to process, more secure and more accessible, we’re helping to realise a more modern digital government that helps to give people their time back.

    The platform complies with government standards on accessibility and cyber security, enabling all users, including those with access needs, to use the forms easily and securely. It also meets accessibility standards and regularly tests new features to keep the forms easy to use for everyone.  

    GOV.UK Forms is part of a wide range of initiatives in the government’s digital transformation, enhancing efficiency, security, and accessibility for citizens across the UK. 

    Minister Clark’s announcement at the summit will mark a pivotal step forward for GOV.UK Forms as it becomes an essential tool in modernising public engagement with government services.

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    Published 4 November 2024

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI Asia-Pac: President Lai meets Czech national baseball team  

    Source: Republic of China Taiwan

    President Lai meets Czech national baseball team  
    2024-11-01

    On the afternoon of November 1, President Lai Ching-te met with the national baseball team of the Czech Republic. In remarks, President Lai thanked the Czech Republic for supporting Taiwan, and noted that the Czech national baseball team had come to Taiwan to take part in two exhibition games, not only for the sake of learning from one another, but also to further cultivate friendship between Taiwan and the Czech Republic. He also stated that the Czech Republic is an important democratic ally of Taiwan in Europe. He stated that the opening of the Czech Centre Taipei this past June shows that our two countries continue to enhance our partnership, and expressed confidence that even greater advances will be achieved in culture and many other fields moving forward.
    A translation of President Lai’s remarks follows:
    The World Baseball Softball Confederation Premier12 tournament is scheduled to start on November 10, with Group B opening round games to be played in Taiwan. I would like to thank Chinese Professional Baseball League Commissioner Tsai Chi-chang (蔡其昌) for inviting the Czech national baseball team to play two exhibition games in Taiwan, not only for the sake of learning from one another, but also to further cultivate friendship between Taiwan and the Czech Republic.
    As a long-time baseball fan, I am very pleased to meet with the Czech national baseball team here at the Presidential Office. Many team members are actually part-timers whose principal occupations are in such fields as firefighting, teaching, medicine, financial analysis, and real estate brokerage, to name just a few. Everyone’s passion for the sport has earned the team a ranking of number 15 in the world and placed them among the top three in Europe. Indeed, in last year’s World Baseball Classic (WBC), the team scored a come-from-behind win over China to take the Czech Republic’s first-ever victory in the WBC tournament. It was an admirable win and an exciting game, and Taiwanese fans were thrilled.
    The Czech Republic is an important democratic ally of Taiwan in Europe. Representative of the Czech Economic and Cultural Office David Steinke is here, so I would like to give special thanks to the Czech Republic for supporting Taiwan. Three years ago, in the midst of the COVID-19 pandemic, the Czech Republic generously donated 30,000 vaccine doses to Taiwan, and when Hualien was hit by a severe earthquake earlier this year, the Czech Republic donated US$150,000 to support reconstruction efforts. On behalf of the people of Taiwan, I want to express our deepest appreciation.
    The opening of the Czech Centre Taipei this past June signifies that our two countries continue to enhance our partnership, and I am confident that even greater advances will be achieved in culture and many other fields moving forward.
    Today is the Czech national baseball team’s second day in Taiwan, so I want to wish everyone a happy and fruitful visit, and I look forward to both teams playing their best in the exhibition games scheduled for tomorrow and the day after.
    Also in attendance was Czech Baseball Association President Petr Ditrich.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI: Aktsiaselts Infortar Unaudited Consolidated Interim Report for third quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar (Infortar) will organize a webinar for introducing third quarter 2024 results today. Please join the webinar via the following links:

    4. November at 12.00 (EET) Estonian webinar

    4. November at 14.00 (EET) English webinar

    Following the acquisition of a majority stake in Aktsiaselts Tallink Grupp (Tallink), Infortar’s total assets have reached €2.5 billion. For the first nine months of this year, the company’s consolidated revenue amounted to €926 million, net profit reached €187 million, and investments totaled €138 million.

    “We’ve grown into Estonia’s largest investment company in the third quarter—our consolidated asset volume has increased by €1 billion within just nine months. Infortar’s structure and outlook have transformed significantly over a short period; we’re literally fuelled by growth,” remarked Ain Hanschmidt, Chairman of Infortar’s Management Board.

    “Infortar actively seeks and invests in growth across various sectors and beyond borders. When we went public last year, we committed to invest €110 million from 2023 to 2025, yet we have already invested €138 million in the current year alone,” said Hanschmidt.

    In the third quarter of 2024, Infortar increased its shareholding in Tallink to 68.5% through a public share offering. Alongside with other investors, Infortar envisions a strong and stable future for Tallink. The voluntary takeover offer attracted those who wished to exit the region for various reasons.

    In the third quarter of 2024, Tallink transported a total of 1,715,496 passengers, with the company’s ships completing 1,840 departures. Compared to the same period last year, Tallink´s unaudited sales revenue decreased by 3.7%, totalling €231.9 million, with a net profit of €36.8 million.

    AS Eesti Gaas, the largest private energy company in the Finnish and Baltic region, increased its sales volume of natural gas and electricity by 27% year-on-year, reaching 13.9 TWh and a market share of 25.7%. Operating under the Elenger brand in foreign markets, the company is focused on expanding its energy business in Poland and Germany and establishing access to the wholesale gas market in the Netherlands and Belgium.

    The construction of Rimi’s logistics centre and the new Pärnu bridge are going according to the schedule. In July, the bridge arch was installed, introducing new engineering solutions to Estonia.

    At the end of the third quarter, Infortar announced plans to acquire Tallinna Raamatutrükikoda, in addition to the printing houses Printon and Vaba Maa. This acquisition aims to enhance synergies and bolster the company’s extensive experience in the printing sector.

    KEY FIGURES

    9 months 2024 9 months 2023 Q3 2024 Q3 2023
    Revenue (in thousands of EUR) 925 607 746 892 349 468 186 540
    Gross profit (in thousands of EUR) 93 758 107 238 40 669 18 887
    EBITDA (in thousands of EUR) 117 384 105 865 41 874 19 294
    EBITDA margin % 12,7% 14,2% 12,0% 10,3%
    Operating profit (in thousands of EUR) 83 817 94 661 20 422 14 234
    Net profit (in thousands of EUR) 187 339 269 624 114 322 185 941
    Profit attributable to the owners of the parent company (in thousands of EUR) 184 122 269 546 111 105 185 658
    Earnings per share (EUR)* 9,1 13,3 5,5 9,2
             
    Total equity (in thousands of EUR) 1 223 058 771 700    
    Total liabilities (in thousands of EUR) 961 419 480 816    

    * For the period ending 30.09.2024, earnings per share (EPS) in euros have been calculated using a share count of 21,166,239, with company´s own shares deducted for comparability.

    Revenue

    During the first nine months of 2024, Infortar’s consolidated revenue increased by €178.7 million, reaching €925.6 million, compared to €746.9 million in the same period in 2023. This growth was significantly impacted by the line-by-line consolidation of Tallink results into Infortar’s financial statements.

    EBITDA and Segment Reporting

    The acquisition of a majority stake in Tallink does not significantly impact segment reporting; Infortar’s management continues to monitor business segments using existing principles.

    Energy Segment: Nine-month EBITDA for 2024 was €79.5 million, down from €99.1 million in 2023.

    Maritime transportation segment: nine-month EBITDA for 2024 was €149,5 million, compared to €177.7 million in 2023. Until 31.07.24, Infortar consolidated Tallink results by the equity method according to its ownership percentage, switching to line-by-line reporting as of 01.08.24.

    Real Estate Segment: EBITDA for real estate in the first nine months of 2024 reached €12 million, up from €11 million in the same period of 2023.

    Net Profit

    Consolidated net profit for the first nine months of 2024 was €187.3 million, compared to €269.6 million for the same period in 2023. The previous year’s results included a one-time profit from the AS Gaso acquisition.

    Financing

    Loan and lease obligations totalled €961.4 million for the first nine months of 2024, up from €480.8 million in 2023 due to the consolidation of Tallink liabilities. The net debt-to-EBITDA ratio, considering Tallink’s full-year EBITDA for 2024, stands at 2.4.

    Income statement, in thousands of EUR Q3
    2024
    Q3
    2023
    9 months 2024 9 months 2023
    Sales Revenue 349 468 186 540 925 607 746 892
    Cost of Sales -308 803 -169 764 -831 796 -634 815
    Impairment of Receivables 4 2 111 -53 -4 839
    Gross Profit 40 669 18 887 93 758 107 238
    Marketing Expenses -7 789 -394 -8 627 -1 109
    General Administrative Expenses -13 423 -3 975 -27 679 -12 563
    Profit (Loss) from Biological Assets 44 0 17 0
    Loss on Changes in Fair Value of Investment Properties -3 047 0 -2 891 0
    Profit (Loss) from Derivative Instruments 52 380 24 574 1 067
    Other Operating Income 4 368 308 5 449 1 065
    Other Operating Expenses -452 -972 -784 -1 037
    Operating Profit 20 422 14 234 83 817 94 661
    Profit from Investments Accounted for Using the Equity Method 3 243 22 254 22 128 37 701
    Financial Income and Expenses        
    Income from Financial Investments 69 782 -34 72 520 -58
    Interest Expense -11 340 -5 520 -24 466 -14 004
    Interest Income 1 215 467 4 219 2 300
    Profit (Loss) from Foreign Exchange Rate Changes 160 -23 156 -160
    Other Financial Income and Expenses -393 159 216 -395 159 216
    Total Financial Income and Expenses 59 424 154 106 52 034 147 294
    Profit Before Tax 83 089 190 594 157 979 279 656
    Corporate Income Tax 31 233 -4 653 29 360 -10 032
    Profit (Loss) for the Reporting Period 114 322 185 941 187 339 269 624
    Including:        
    Profit (Loss) Attributable to Owners of the Parent Company 111 105 185 658 184 122 269 546
    Profit (Loss) Attributable to Non-controlling Interests 3 217 283 3 217 78
    Other Comprehensive Income for the Reporting Period     -33 463 -60 195
    Total Comprehensive income for the Reporting Period     153 876 209 429
    Including:        
    Comprehensive Income (Loss) Attributable to Owners of the Parent Company     150 659 209 351
    Comprehensive Income (Loss) Attributable to Non-controlling Interests     3 217 78
    Basic Earnings per Share     9,11 13,20
    Diluted Earnings per Share     8,78 12,80

    * The non-cash revaluations of derivative instruments in comprehensive income do not affect the profitability or cash flow generating ability of AS Eesti Gaas or Infortar’s core business operations.

    Balance sheet, in thousands of EUR

    ASSETS     30.09.24   30.09.23   31.12.2023
    CURRENT ASSETS              
    Cash     95 863   90 456   87 115
    Short-term Financial Investments     1   1   0
    Short-term Derivative Instruments     2 246   21 216   28 728
    Receivables from Realized Derivative Instruments     2 773   1 279   5 958
    Receivables from Customers     115 992   91 071   162 575
    Tax Prepayments     4 161   1 192   925
    Other Receivables and Prepayments     31 098   20 228   20 185
    Prepayments for Inventories     2 885   29 354   3 493
    Inventories     221 174   177 824   146 884
    Biological Assets     420   0   0
    Total Current Assets     476 613   432 621   455 863
    NON-CURRENT ASSETS              
    Investments in Associates     15 756   341 490   346 014
    Long-term Derivative Instruments     1 451   3 485   1 125
    Long-term Loans and Other Receivables     29 668   9 771    
    Investment Properties     67 791   171 046   9 072
    Property, Plant, and Equipment     1 816 338   449 014   176 024
    Intangible Assets     39 276   13 474   446 748
    Right-of-use Assets     47 548   10 421   14 366
    Biological Assets     2 840   0   11 300
                   
    Total non-current assets     2 020 668   998 701   1 004 649
    TOTAL ASSETS     2 497 281   1 431 322   1 460 512
                   
    EQUITY AND LIABILITIES              
    CURRENT LIABILITIES              
    Loan Liabilities     199 247   204 468   184 259
    Lease Liabilities     8 499   956   1 766
    Payables to Suppliers     136 017   60 687   74 751
    Tax Liabilities     35 702   17 341   32 822
    Customer Prepayments     34 741   3 171   3 099
    Realized Derivative Instruments     222   3 395   1 463
    Other Short-term Liabilities     53 351   21 374   10 851
    Short-term Derivative Instruments     11 680   226   3 659
    Total Current Liabilities     479 459   311 618   312 670
    NON-CURRENT LIABILITIES              
    Long-term Provisions     9 208   7 255   8 399
    Deferred Income Tax Liability     2 391   34 920   33 233
    Other Long-term Liabilities     28 612   30 426   30 679
    Long-term Derivative Instruments     880   11   186
    Loan liabilities     713 212   265 805   246 410
    Lease liabilities     40 461   9 587   8 725
    TOTAL NON-CURRENT LIABILITIES     794 764   348 004   327 632
    TOTAL LIABILITIES     1 274 223   659 622   640 302
    EQUITY              
    Share Capital     2 117   1 985   2 105
    Treasury Shares     -95   -95   -95
    Share Premium     32 484   0   29 344
    Statutory Reserve     212   205   205
    Option Reserve     7 647   3 068   3 864
    Hedging Reserve*     20 725   22 084   24 118
    Unrealized Exchange Differences     1 114   32   -39
    Reserve for Post-employment Benefit Obligations     -44   0   -44
    Retained Earnings     728 559   474 015   466 140
    Profit for the Reporting Period     184 122   269 546   293 778
    Equity Attributable to Owners of the Parent Company     976 841   770 840   819 376
                   
    Non-controlling Interests     246 217   860   834
    TOTAL EQUITY     1 223 058   771 700   820 210
    TOTAL EQUITY AND LIABILITIES     2 497 281   1 431 322   1 460 512

    * This represents the change in the accounting hedging position, which affects the comprehensive income result.        

    Cash flow statement, in thousands of EUR 9
    months
    2024
      9
    months 2023
      2023
    Cash Flows from Operating Activities          
    Profit for the Reporting Period 187 339   269 624   293 830
    Adjustments          
    Depreciation and Impairment of Fixed Assets 30 676   11 204   15 581
    Change in Value of Investment Properties 2 891   0   4 074
    Profit/Loss from Equity Investments -156 017   -37 701   -39 639
    Change in Value of Derivative Instruments 26 156   59 284   54 122
    Other Financial Income/Expenses -66   -161 433   -161 965
    Accrued Interest Expenses 24 466   14 004   22 573
    Profit/Loss from Disposal of Fixed Assets -301   -76   -91
    Income from Targeted Financing Recognized in Revenue -319   -347   784
    Accrued Income Tax Expense -29 360   10 032   8 610
    Income Tax Paid -1 482   0   -267
    Change in Receivables and Prepayments Related to Operating Activities 79 126   130 325   54 540
    Change in Inventories -22 986   -118 715   -61 914
    Change in Liabilities Related to Operating Activities 35 968   -24 650   -406
    Change in Biological Assets 112   0   0
    Total Cash Flows from Operating Activities 176 203   151 551   189 832
               
    Cash Flows from investing activities          
    Payments for Purchase of Associates 0   -7 728   -10 314
    Payments for Purchase of Subsidiaries -67 810*   -103 410   -103 414
    Dividends paid 20 862   0   0
    Repayments of Loans Granted 2 057   5 966   6 652
    Interest Received 4 019   2 301   2 691
    Payments for Acquisition of Investment Properties -10 566   -10 506   -18 304
    Payments for Acquisition of Property, Plant and other assets -17 042   -13 972   -18 143
    Proceeds from Sale of Investment Properties and Fixed Assets 707   78   -252
    Total cash Flows from investing activities -67 773   -127 271   -141 084
    Cash Flows from Financing Activities          
    Change in Overdraft -30 457   30 546   14 348
    Loans Received 106 303   148 955   287 606
    Repayments of Loans Received -114 706   -150 790   -312 846
    Repayments of Principal Portion of Lease Liabilities -8 674   -1 562   -2 233
    Interest Paid -24 968   -13 100   -22 224
    Dividends Paid -30 332   -7 875   -15 750
    Proceeds from Issuance of Shares 3 152   0   29 464
    Total Cash Flows from Financing Activities -99 682   6 174   -21 635
               
    Total cash flows 8 748   30 454   27 113
               
    Cash and Cash Equivalents at Beginning of Period 87 115   60 002   60 002
    Cash and Cash Equivalents at End of Period 95 863   90 456   87 115
    Change in Cash and Cash Equivalents 8 748   30 454   27 113

    Aktsiaselts Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Aktsiaselts Infortar owns a 68.47% stake in Aktsiaselts Tallink Grupp, a 100% stake in AS Eesti Gaas and a versatile and modern real estate portfolio of approx. 116,000 m2. In addition to the three main areas of activity, Aktsiaselts Infortar also operates in construction and mineral resources, agriculture, printing, taxi business and other areas. A total of 105 companies belong to the Aktsiaselts Infortar group: 96 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Aktsiaselts Infortar employs 6,108 people.

    Additional information:
    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    • Q3 ENG(report)
    • Q3 ENG(presentation)

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Atos Sustainable Workplace research finds device lifespan can double while still delighting users

    Source: GlobeNewswire (MIL-OSI)

                                                                    Press Release

    Atos Sustainable Workplace research finds device lifespan can double while still delighting users

    Research unveils data-driven, condition-based device refresh approach, supported by remanufacturing, can achieve an 8-10 year lifespan versus a standard 3-5 year device lifespan on a fixed refresh cycle without compromising user experience

    Research also demonstrates employees’ engagement: 75% are happy to keep their device for longer if they understand the environmental benefits of doing so

    Paris, France – November 4, 2024 – Atos today releases its research on digital workplace sustainability, providing valuable insights to help organizations enhance their IT decision-making and corporate social responsibility (CSR) strategies. The report, “Increasing digital workplace sustainability: Data-driven strategy to accelerate progress together,” highlights high levels of waste endemic across the IT industry and also identifies a series of actions all can take to turn this around.

    Since 79% of a laptop’s carbon footprint is produced during manufacturing, with each new device creating roughly 338kg CO2eq of carbon before use, life cycle extension can have a huge impact. The report initially points out that device lifecycles can be extended without compromising user satisfaction. For instance, by doing nothing but adjusting the standard refresh cycle from three to four years, enterprises can gain a 25% reduction in related emissions without downgrading device performance or user experience. Further, data-driven, condition-based device refresh combined with remanufacturing can achieve an 8-10 year lifespan.

    Atos research reveals that 76% of large organizations’ laptops can be remanufactured. The remaining 24% of devices could be refurbished or recycled to contribute to the circular economy.

    Atos’ study showcases the key role employees could play in IT sustainability. 75% of employees indicated they would be willing to keep their devices longer if they were aware of the environmental benefits. Nonetheless, 16% of devices are left running continuously without being turned off, emphasizing the need for better employee awareness on energy-saving practices. Additionally, carbon intensity can fluctuate up to 2.3 times during the day, indicating that informing users about the best times to use the electrical grid and switching to battery power could improve energy efficiency.

    Data indicate that 57% of the ICT sector’s carbon emissions originate from devices and workplace environments. Atos, as a global leader in digital workplace, was able to analyze 28.5 million devices used by medium to large organizations, with the help of its partners Nexthink, Tier1 and Circular Computing, to offer crucial recommendations for boosting IT sustainability.

    Leon Gilbert, Senior Vice President Digital Workplace, Atos said: “We wanted to leverage the vast quantities of data available to Atos and our partners to challenge convention and pinpoint new opportunities for enterprises and their IT service providers. Some findings surprised even our experts. We can now see how the financial, environmental and social value of every device can be increased while still delighting users”.

    David Welling, IT Sustainability Governance Lead, National Grid said: “Within our own organization, we are looking at using the data from this study to drive strategic changes in behavior. Today, very few of us would consider using our laptops to impact the demand variability of the grid. Yet nobody would think twice about charging their electric vehicle overnight when demand is lower and energy is greener. If we can connect that kind of demand flexibility with ICT, we have a real opportunity to fundamentally change the greenhouse gas emissions of entire energy systems for entire countries”.

    In summary, Atos research highlights that implementing sustainable management, processes and practices in the workplace doesn’t have to be lengthy or costly. Conversely, organizations may experience swift benefits from the insights provided in the study. Additionally, Atos asserts that “what we can measure, we can change” – which underlines the importance of comprehensive and real-time data to progress toward environmental objectives.

    Atos teams provide end-to-end employee experience solutions through digital collaboration and productivity tools, as well as intelligent customer care services. Atos’ sustainable digital workplace suite includes more than 20 “Tech for Good” services and solutions, encompassing social value and accessibility criteria as well as data analytics and user interfaces. In March 2024, Gartner positioned Atos as a Leader in its 2024 Magic Quadrant for Outsourced Digital Workplace Services (ODWS) for the eighth consecutive year.

    ***

    About Tech Foundations

    Tech Foundations is the Atos Group business line leading in managed services, focusing on hybrid cloud infrastructure, employee experience and technology services, through decarbonized, automated and AI-enabled solutions. Its 41,000 employees advance what matters to the world’s businesses, institutions and communities. It is present in 69 countries, with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 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.

    Press contact

    Isabelle Grangé | isabelle.grange@atos.net | +33 (0) 6 64 56 74 88

    Attachment

    • PR – Atos publishes new Digital Workplace research

    The MIL Network –

    January 26, 2025
  • MIL-OSI Economics: Asian Development Blog: Empowering Women with Disabilities: Key Actions for Inclusive Sports in the Pacific

    Source: Asia Development Bank

    Inclusive sports can empower women with disabilities, and foster accessibility, social integration, and gender equality in the Pacific. Recent Paralympic milestones and policy examples illustrate the ongoing need for supportive infrastructures and greater representation to create equitable opportunities in sports.

    The importance of sport for women with disabilities cannot be overstated. It provides a platform for empowerment, fostering physical and mental well-being, and breaking societal barriers related to gender and disability. Participation in sports helps build confidence, resilience, and a sense of community.

    The Paralympic Games have been instrumental in setting standards for inclusion, showcasing the incredible talents and achievements of athletes with disabilities on a global stage. By promoting gender equality and providing equal opportunities, the Paralympics inspire change and highlight the importance of accessibility and inclusivity in sports.

    This year’s Paralympic Games in Paris marked a historic milestone with a record 1,983 women, or 45% of participants, across 549 medal events in 22 sports, making it the most gender-inclusive Paralympics ever. It was also a historic moment for the Pacific region, as it sent its largest contingent of athletes to the Paralympic Games.

    Thirteen athletes, comprising seven women and six men, represented six countries to compete in para-athletics and para-taekwondo: Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, and Vanuatu. According to the Oceania Paralympic Committee, the Pacific athletes “not only represent their nations but also the aspirations of the entire Pacific region.”

    Among the remarkable athletes was Tongan discus thrower Meleane Vasitai Leaaepeni Falemaka, known as Vasi, who competed in the Paralympic Games for the first time. She is making her mark on the global stage as Tonga’s sole representative in the Paralympic Games where she competed in the women’s F37 discus throw event. Prior to the Paralympics, Vasi achieved her personal best throw at the World Para Athletics Grand Prix April 2024 held in Marrakech, Morocco.

    Women with disabilities outnumber men with disabilities in most Pacific countries, largely due to longer life expectancy and the increased likelihood of acquiring disabilities in old age. Persons with disabilities are overrepresented among the poorest of the poor across the region and face economic and social exclusion, violence, and accessibility challenges.

    Despite this, women with disabilities often do not get to make decisions that affect them. Evidence from 19 countries shows that only 2.3% of women with disabilities held a position as a legislator, senior official, or manager.  Only four out of 18 countries in the region had a “woman with disability” in parliament.

    Sports provide a powerful platform for empowering women with disabilities, fostering inclusion, and challenging societal barriers.

    The following actions are needed to increase the inclusion of women with disabilities in sports:

    Enhance policy and financing for gender and disability inclusive sport. Governments must enact robust legislation to eliminate accessibility barriers in multiple areas such as transport, housing, services, education, and sport. For example, Brazil passed the “Inclusion of People with Disabilities Act” before the Rio 2016 Paralympics that aimed to enhance the lives of the nearly 50 million people with impairments in Brazil. This Act increased the amount allocated to para-sports from the gross revenues of the federal lotteries, from around $26 million to $49 million per year.

    Promote accessibility and inclusivity of sport. The Paralympics have made strides in accommodating athletes with disabilities through modified rules and regular reassessments by classifiers. Classification varies across sports, for example, swimming has up to 10 eligible impairment types, and classifications depend on how much an impairment affects performance.

    In wheelchair basketball, players are rated from 1.0 to 4.5 based on their disability level with a maximum point total allowed per team to ensure competitive balance. This approach enhances fairness and integrity in competitions, creating a more equitable environment for all Paralympic athletes.

    Include women with disabilities in stakeholder consultations. This can be done through partnerships with local organizations and women’s groups where women with disabilities take on leadership and decision-making roles. Mapping stakeholders supporting people with disabilities is crucial in creating awareness among all stakeholders and policymakers in sport on the needs of women athletes with disabilities.

    Ensuring that sports facilities are accessible and safe for women with disabilities. Sports facilities must be designed within the lens of gender and disability. This not only promotes physical health but also enhances social integration and economic opportunities for people with disabilities.

    Governments and development partners’ financial commitments to accessibility improvements are essential. For instance, prior to the 2008 Paralympic Games in Beijing, the People’s Republic of China invested over $150 million to make 14,000 facilities accessible across the country. Similarly, for the Rio 2016 Games, nearly $1 million was allocated to enhance access to major tourist attractions and sports arenas.

    Promoting media representation to change perceptions. Media coverage can significantly change societal perceptions. For example, UK’s Channel 4 won various awards for its coverage of the London 2012 Paralympics, which included presenters with disabilities.

    The channel spent $1.2 million searching for, recruiting, training and developing the skills of media professionals to ensure that half of the on-screen talent during the Games consisted of persons with disabilities. The channel’s “Meet the Superhumans” commercial combined powerful imagery of athletes with their extraordinary stories creating a compelling narrative that resonated widely and likely changed attitudes towards Paralympic sports.

    Encouraging women with disabilities to take up sports. Sport enables women with disabilities to develop social skills and independence. Families and carers can help foster the love for sport by initiating play and developing interest, which can also serve as a shared activity. Sport can also be a transformative tool for women to demonstrate their abilities, which can help reduce the longstanding negative perceptions and gender stereotypes associated with women with disabilities.

    By addressing these issues, we can create an environment where athletes like Vasi can thrive, inspiring future generations and contributing to a more inclusive and equitable society in the Pacific.

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN

    Source: ASEAN

    As part of the activities to commemorate the 35th Anniversary of ASEAN-ROK Dialogue Relations this year, Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Hyundai Motor Manufacturing Indonesia, in Bekasi Regency, West Java, where he participated in the EV delivery ceremony. Hyundai EV was handed over by the Mission of the Republic of Korea (ROK) to ASEAN to the ASEAN Secretariat as part of the EV project funded by the ASEAN-ROK Cooperation Fund (AKCF). Following the handover ceremony, Dr. Kao also participated in the Roundtable on the Development of EV Ecosystem in ASEAN. The event, which highlighted the trends in the EV industries of ASEAN Member States and the ROK was organised by the Mission of ROK to ASEAN and participated by Ambassador of ROK to ASEAN Lee Jang-keun, members of the Committee of Permanent of Representatives to ASEAN, staff of the ASEAN Secretariat and that of the ROK Mission, EV experts, along with other invited guests.

    The post Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Banking: Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN

    Source: ASEAN

    As part of the activities to commemorate the 35th Anniversary of ASEAN-ROK Dialogue Relations this year, Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Hyundai Motor Manufacturing Indonesia, in Bekasi Regency, West Java, where he participated in the EV delivery ceremony. Hyundai EV was handed over by the Mission of the Republic of Korea (ROK) to ASEAN to the ASEAN Secretariat as part of the EV project funded by the ASEAN-ROK Cooperation Fund (AKCF). Following the handover ceremony, Dr. Kao also participated in the Roundtable on the Development of EV Ecosystem in ASEAN. The event, which highlighted the trends in the EV industries of ASEAN Member States and the ROK was organised by the Mission of ROK to ASEAN and participated by Ambassador of ROK to ASEAN Lee Jang-keun, members of the Committee of Permanent of Representatives to ASEAN, staff of the ASEAN Secretariat and that of the ROK Mission, EV experts, along with other invited guests.

    The post Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    January 26, 2025
  • MIL-OSI Russia: Festive week: National Unity Day at the State University of Management

    Translation. Region: Russian Federation –

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

    The beginning of November in our country has been celebrated in an atmosphere of national unity for many centuries. The famous events of 1612 in Tsarist Russia were remembered on the day of the Kazan Icon of the Mother of God, in the USSR the anniversary of the Great October Revolution was celebrated during these days, and since 2004 the new Russia has returned to celebrating the end of the Time of Troubles and the restoration of firm state power.

    Today this holiday is extremely relevant. The state and the people are uniting again in the face of external threats, moving together to achieve technological sovereignty and leadership, defending their own traditional values and showing other countries an example of a fair social order.

    The State University of Management congratulates all Russians on National Unity Day and wishes to live in harmony and mutual understanding, support each other regardless of nationality and religion, remember not only the glorious pages of our country’s history, but also the dark times that strengthened us and brought us to a new stage of development.

    This year, the State University of Management celebrates National Unity Day the entire work week after the holiday. As part of the Friendship Without Borders project, we will host the following events: — November 5 — Interethnic Sports Games in the Sports Complex (starts at 10:30); — November 6 — the Improvisation show in the atrium of the Information Technology Center (starts at 14:00); — November 7 — a discussion called Our Values in the Information Technology Center (room 211, starts at 15:00); — November 8 — Interuniversity Interethnic Game Guess the Melody in the atrium of the Information Technology Center (starts at 14:00).

    Students from Moscow universities are invited to participate in the events. Up-to-date information on registration for the events is posted on the project’s Telegram channel: https://t.me/drujbaguu.

    Subscribe to the TG channel “Our GUU” Date of publication: 11/4/2024

    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 –

    January 26, 2025
  • MIL-OSI: The road ahead – Terranet’s product development plan for BlincVision 2025

    Source: GlobeNewswire (MIL-OSI)

    Terranet presents its updated product development plan for BlincVision, an advanced driver assistance system, with clear goals set for 2025. Customer projects have been initiated, and the goal for the first half of the year is to develop an MVP (Minimum Viable Product) to pave the way for volume agreements and meet market demand.

    BlincVision sets a new standard for anti-collision solutions by combining patented event camera technology with AI-trained software. The system uses minimal data processing, making the technology faster than any other solution on the market. It enables real-time decision-making and raises the bar for safety in the automotive industry.

    BlincVision’s functionality has been demonstrated through a prototype, which has been crucial in bringing the product closer to potential customers, such as automakers or their major suppliers. The next step is to work together with these stakeholders to adapt and integrate the product into the vehicle’s existing safety systems, enhancing safety and improving the driving experience.

    Terranet is following its product development plan and communicates the progress frequently. After many years of research and development, a prototype of BlincVision was showcased at the beginning of 2024, first in a lab environment and later outdoors on a moving vehicle. In the fall of 2024, the system was also tested on an accredited test track, where BlincVision performed a full autonomous braking.

    BlincVision is an anti-collision solution designed to improve or replace other safety systems in a more cost-effective way, increasing safety and saving more lives. With stricter safety requirements in the automotive industry, systems like BlincVision will be crucial for both driver-operated and autonomous vehicles in the future.

    Terranet is now in a product development phase where all employees are focused on optimizing the prototype with valuable feedback from vehicle manufacturers and major suppliers. This work will lead to an MVP (a first version of the product that can be tested on the market), a product that can be widely offered to vehicle manufacturers and suppliers. Once the MVP is fully integrated into a vehicle, work towards volume production can begin.

    Key milestones in BlincVision’s product development for 2025 are as follows:

    • Q1:
      Proof of Concept results with a partner via MobilityXlab and initiate the next customer project.
    • Q2:
      Further development of the existing prototype into an MVP (Minimum Viable Product)
    • Q3-4:
      Verification of the MVP in customer vehicle and adjustments based on market demands.
      A partnership agreement is signed, initiating dialogue on volume production.

    ”We are in an incredibly exciting phase in Terranet’s history as we now integrate BlincVision into vehicles from car manufacturers and their suppliers to strengthen safety systems. Autonomous vehicles represent a significant market and are a crucial part of the vision of zero traffic deaths,” says Magnus Andersson, CEO of Terranet, on behalf of Terranet Management.
      
    For more information, please contact:        
    Magnus Andersson, VD
    E-mail: magnus.andersson@terranet.se

    About Terranet AB (publ)
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.

    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: www.terranet.se

    Attachment

    • 241104_Terranet_PM_Roadmap_ENG

    The MIL Network –

    January 26, 2025
  • MIL-OSI China: Global forum celebrates Hehe Culture in historic city

    Source: China State Council Information Office 2

    The 2024 Global Forum on Hehe Culture is held in Taizhou, eastern China’s Zhejiang province, on Nov. 2, 2024. [Photo/China.org.cn]
    The 2024 Global Forum on Hehe Culture convened Saturday in Taizhou, an eastern Chinese city in Zhejiang province, where this philosophy originated.
    The forum, themed “Hehe Culture and New Model for Human Progress,” brought together participants from home and abroad, including politicians, think tank experts, and youth leaders.
    The ancient Chinese concept of Hehe Culture represents dual meanings of harmony: The first “He” symbolizes peace and balance, while the second represents unity and cooperation, according to “Keywords to Understand Hehe Culture,” a book released at a previous session of the Global Forum on Hehe Culture.
    Zhu Yongxin, vice chairperson of the National Committee of the Chinese People’s Political Consultative Conference and executive vice chairperson of the Central Committee of the China Association for Promoting Democracy, delivered a speech at the opening ceremony of the forum.
    In his address, Zhu emphasized the importance of promoting Chinese culture while maintaining a people-centered approach. He called for strengthening cultural confidence, deepening cultural exchanges and promoting the progress of civilizations. He also advocated adhering to the philosophy of harmony and unity, and promoting the building of a global community of shared future.
    Wang Wenxu, a member of the Standing Committee of the Zhejiang Provincial Committee of the Communist Party of China (CPC), said in a speech that while Hehe Culture originates in China, it belongs to the world. Amid the ongoing transformations unseen in a century, Hehe should serve as an approach to addressing issues such as development imbalances, governance challenges, and geopolitical conflicts.
    “We must look to Hehe as a philosophy facilitating inclusive cultural exchange, a way of pursuing mutual benefits for all countries and parties, and a solution to global security and governance challenges,” he highlighted.
    Essam Sharaf, former prime minister of Egypt and winner of the inaugural Orchid Awards, delivered a speech at the forum. He expounded on the concept of a global community of shared future, saying that “[it] means all countries have equal sovereignty – none can intervene in the internal affairs of others; that countries should jointly manage global affairs democratically, rather than through the dictates of the most powerful states; that countries should engage in ‘win-win cooperation’ to ‘build a world of common prosperity.’”
    “Hehe Culture can play an important role in guiding the efforts aiming at building a community of a shared future where everyone can enjoy a prosperous future,” he added.
    Yu Tao, vice president of China International Communications Group (CICG), also shared his insights in a speech. He said Hehe Culture is one of the valuable assets of Chinese wisdom and a shared achievement of global civilization. With its enduring relevance, Hehe Culture has gained renewed vitality. It fosters strength for safeguarding peace and stability, advancing cooperation and promoting mutual learning among civilizations.
    “Looking to the future, we should advocate peaceful coexistence to develop a new global security perspective grounded in mutual respect and dialogue, promote win-win cooperation to build open, inclusive, and universally beneficial dynamics for global development, and encourage diversity and harmony to create a vibrant, mutually enriching global civilization,” Yu said.
    Li Yueqi, secretary of the CPC Taizhou Municipal Committee, echoed the idea that Hehe Culture is a brilliant gem within the tapestry of traditional Chinese culture. It is woven into the daily lives of Taizhou people and permeates all aspects of the city’s development, serving as an important foundation of its cultural identity.
    In his speech, Li expressed hope that the forum would foster deeper and broader cooperation and exchange regarding Hehe Culture.
    The event featured five parallel sessions that addressed sister city partnerships, Sinology studies, youth programs, academic research, and family traditions.
    Forum organizers named new cultural ambassadors and launched an initiative to strengthen ties among sister cities. Officials also unveiled a new collection of poems titled “Cold Hill’s Poetry.”
    In addition, participants toured local historic sites showcasing Hehe Culture heritage.
    The forum, established in 2021, has emerged as a significant platform for international cultural dialogue.

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI China: China’s commerce minister urges active role from France in reaching EV trade solution

    Source: China State Council Information Office 3

    China’s Commerce Minister Wang Wentao has called on France, as a key European Union (EU) member, to play an active role in pushing the European Commission to show sincerity and meet the Chinese side halfway to secure a solution concerning the EU’s anti-subsidy probe into Chinese electric vehicles (EVs).

    Wang made the remarks during a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, attached to the Minister for Europe and Foreign Affairs, Sophie Primas, in Shanghai on Sunday, according to the Ministry of Commerce. Wang and Primas met ahead of the seventh China International Import Expo (CIIE), which starts this week.

    The EU’s anti-subsidy probe into China-made EVs has severely hindered cooperation between EU and Chinese auto industries, currently a critical concern for industries on both sides, Wang said, noting that technical teams from China and the EU are presently engaged in a second round of consultations.

    Wang reiterated China’s commitment to addressing China-EU trade friction through dialogue and consultation — based on respect for facts and compliance with WTO rules.

    Wang said that unlike the EU’s anti-subsidy probe initiated without industry applications, China’s trade remedy investigations targeting certain EU goods, such as brandy, pork and dairy products, were launched at the request of domestic industries in full compliance with WTO rules and Chinese laws and regulations.

    He stressed that China would continue to handle these investigations in accordance with laws and regulations, safeguard the legal rights of enterprises from EU member states, including France, and base its rulings on evidence and facts.

    China is ready to work with the European Commission to seek a proper solution in this respect, Wang added.

    Noting that this year marks the 60th anniversary of the establishment of China-France diplomatic relations, with France featuring as a guest country of honor at the CIIE again, Wang said that over 100 French companies are set to participate in the expo this year — the highest number among EU countries, highlighting French companies’ strong interest in the Chinese market.

    Primas affirmed France’s firm commitment to deepening economic and trade relations with China and expressed her pleasure at France’s role as a guest country of honor at the expo again this year.

    With agricultural and food products being vital elements of France’s trade with China, she conveyed France’s significant concern over China’s investigations aimed at EU products, including brandy.

    France does not wish to see further escalation of current EU-China trade tensions and hopes both sides will resolve trade disputes through consultation, Primas said.

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI China: China’s Shenzhou-18 astronauts return to Earth

    Source: People’s Republic of China – State Council News

    Another awe-inspiring moment in space exploration! China’s Shenzhou-18 crew has safely returned, touching down just hours ago. Join Xinhua’s on-site correspondent for an unforgettable night as the astronaut trio comes home and a new chapter in space exploration begins.

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI Asia-Pac: HK a unique gateway: SJ

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam

    The Hong Kong Legal Week is an annual flagship event of the Department of Justice. Since its inception in 2019, the Hong Kong Legal Week has served as a dynamic forum where legal professionals, scholars, judges and experts come together to discuss critical legal issues that resonate not only within Hong Kong but (also) throughout the wider Asia-Pacific region and beyond.

    The theme of this year is “Hong Kong Common Law System: World-Class Springboard to China & Beyond”. It emphasises Hong Kong’s unique role as a gateway between China, the Asia Pacific and the world. Under the “one country, two systems” principle, Hong Kong is the only common law jurisdiction within China. Our strong legal foundation, coupled with our close ties with and support from the Mainland, positions us as a critical hub for legal and economic collaboration across the region and beyond.

    Private law summit

    We begin this week with today’s Asia-Pacific International Private Law Summit 2024. Building on the success of the inaugural summit in 2022, the Department of Justice once again partners with the International Institute for the Unification of Private Law (UNIDROIT) to organise this summit under the theme “Springboard to Opportunities: Utilising International Private Law & Technology to Facilitate Access to Credit, Investment, & Sustainable Development in the Asia-Pacific Region”.

    The Asia-Pacific region is home to enormous economic potential and encompasses a diverse array of legal systems. While this diversity enriches our legal and cultural landscape, it also introduces complexities and uncertainties for businesses navigating cross-border transactions. To unlock the region’s full economic potential and ensure long-term sustainable growth, harmonisation and modernisation of private law across the region is essential.

    Recognising this need, today’s summit gathers leading legal minds from across the Asia Pacific, together with experts from UNIDROIT, to explore how the unification and co-ordination of various areas of private law can support economic growth and facilitate smoother cross-border interactions throughout the region. We will be hearing from them on how international private law and emerging technologies can unlock new opportunities for sustainable economic growth across the region, and how Hong Kong may contribute in this regard.

    Collaboration with UNIDROIT

    In the past few years, the Department of Justice has closely collaborated with UNIDROIT to promote the development, implementation, and deeper understanding of private international law and international commercial law across the Asia-Pacific region.

    In addition to these collaborative efforts, we are grateful for UNIDROIT’s strong support to the Department of Justice’s secondment programme, offering Hong Kong’s legal professionals from both the public and private sectors the valuable opportunity to work at the UNIDROIT Secretariat in Rome. This experience not only deepens their expertise in international legal issues, but also bolsters Hong Kong’s capacity in foreign-related legal matters.

    I am very pleased to note that one of our former secondees will be moderating a panel later this morning, which testifies to the success of the secondment programme.

    Capacity building

    The secondment programme is one of the Department of Justice’s many policy initiatives providing professional development opportunities to our legal talents. To further strengthen Hong Kong’s position as a leading international legal and dispute resolution services centre in the Asia-Pacific region, the Department of Justice places great importance on nurturing legal talents with a global perspective and proficiency in foreign-related legal affairs. We are committed to establishing Hong Kong as a leading centre for capacity building in international law.

    As outlined in our Chief Executive’s 2023 and 2024 Policy Address, the Department of Justice is setting up the Hong Kong International Legal Talents Training Academy. The academy will regularly organise practical training courses, seminars, international exchange programmes and more to promote exchanges among talent in regions along the Belt & Road. It will also provide training for talent in the practice of foreign-related legal affairs for the country, and nurture legal talent conversant with international law, common law, civil law and the country’s legal system.

    A dedicated office and an expert committee have already been set up to facilitate the establishment of the academy. We are grateful to have Prof Tirado (International Institute for the Unification of Private Law Secretary-General) as a member of the expert committee, and I am pleased to see many of our committee members participating in today’s summit.

    To officially mark this new initiative, I am excited to announce that the launch ceremony for the academy will take place on the final day of the Hong Kong Legal Week. I warmly invite all of you to join us for this significant occasion.

    Other events

    I also warmly welcome you to participate in an array of other events this week. Tomorrow, we will have the Second Legal Forum on Interconnectivity & Development co-organised with the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region. At the legal forum, we are very pleased to have the General Counsel of the Asian Infrastructure Investment Bank deliver a keynote address on promoting good governance and high-quality development under international law. Legal experts will also share their insights on Hong Kong’s role in China’s institutional opening up, and rule of law as a risk management mechanism to safeguard sustainable development.

    On Wednesday, we will host events under the theme “Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong”. The day will explore three topical issues – the role of mediation in promoting a culture of mutual respect, harmony and inclusiveness, use of artificial intelligence in alternative dispute resolution, as well as the resolution of sports disputes. There will also be the 2024 Hong Kong Mediation Lecture in the evening, exploring the unique challenges and opportunities involved in the use of mediation in deals relating to natural resources.

    Thursday’s programme will focus on strengthening the rule of law in the Greater Bay Area. We will hear from experts on the proof of Hong Kong law and foreign law in the Mainland, the arrangement on mutual legal assistance in civil and commercial matters between the Mainland and Hong Kong, as well as legal services and juridical relations to facilitate and protect trade and social interactions between the Mainland and Hong Kong. The day will also feature a mock mediation session led by mediators from Mainland China, Hong Kong, and Macau, and a discussion on the Greater Bay Area mediation platform.

    On Friday, apart from the launching ceremony of the academy in the afternoon that I have just mentioned, we will explore how the rule of law in Hong Kong, together with different components of Hong Kong’s legal and judicial system, are essential to provide the best business environment from the perspectives of our legal services profession and our enterprises, and how our legal professionals can play an important role along the Belt & Road.

    Alongside this week’s discussions, we are also featuring a special exhibition on the achievements in the construction of the rule of law of the People’s Republic of China in the modern era, co-organised by the Ministry of Justice of China and the Department of Justice, in celebration of the 75th anniversary of the founding of People’s Republic of China. The exhibition highlights key milestones in China’s legal evolution, both domestically and in foreign-related areas, over the past 75 years.

    Conclusion

    Ladies and gentlemen, as we look ahead to the discussions that will follow, I hope today’s summit will inspire all of us to explore new ideas and opportunities. Let’s make the most of this moment to engage in meaningful exchanges and drive forward the future of international law.

    On this note, I wish today’s summit every success and extend my sincere appreciation to all of you for joining us, whether online or in person.

    Secretary for Justice Paul Lam gave these remarks at the Asia-Pacific International Private Law Summit 2024, part of Hong Kong Legal Week 2024, on November 4.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: Property sales rise 52.4%

    Source: Hong Kong Information Services

    The Land Registry logged 5,857 sale and purchase agreements for all building units received for registration in October, up 52.4% compared with September and up 99.4% year-on-year.

    The total consideration for such agreements in September rose 50.6% from September, to $41.7 billion, representing a 43.6% year-on-year growth.

    Of the agreements, 4,697 were for residential units, amounting to a 64.9% increase from September and a 121.2% surge from a year ago.

    The total consideration for residential units was $37.3 billion, up 78.9% compared with September and up 52.2% year-on-year.

    There were 394,484 land register searches last month.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Australia: Sydney Airport Traffic Performance July 2023

    Source: Sydney Airport

    Tuesday 4 November 2024

    In an Australian first, Sydney Airport and Melbourne Airport have joined forces to launch a public awareness campaign to fight human trafficking.  

    The country’s two largest international airports have partnered with anti-human trafficking organisation, A21, to run the “Can You See Me?” campaign, with guidance and input from the Australian Federal Police (AFP).  

    This initiative will educate people on how to recognise and report the signs of human trafficking.   

    From today, digital screens and billboards at both airports will display images and messages, stating that slavery still exists and urging people: “If you suspect it, report it.” QR codes also link to videos and information on how to identify and stop these crimes. Digital screens in key areas will display these messages, including check-in counters, gates and baggage carousels.  

    Combined, Sydney and Melbourne airports cater for 68% of Australia’s total international passenger traffic. While the “Can You See Me?” campaign runs over the next month, close to 7 million passengers are expected to pass through both the domestic and international terminals at the two airports.  

    A21 has rolled out this program in high-profile spaces worldwide—from Times Square billboards, screens at Heathrow Airport, train stations in Thailand to inflatable screens in vulnerable Cambodian communities—reaching an impressive 3.4 billion people globally.  

    Modern slavery is a growing issue in Australia, with the AFP receiving 382 reports in 2023/2024 financial year, a 12 per cent increase on the previous year. Cases include trafficking, forced marriage, sexual exploitation, domestic servitude, debt bondage, forced labour, deceptive recruitment and organ trafficking. The Global Slavery Index estimates 41,000 people in Australia live under conditions of modern slavery.  

    A united response to human trafficking  

    Scott Charlton, Sydney Airport CEO said: “Every person who steps through our airport deserves to travel safely, without fear of exploitation.”   

    “We deeply value the AFP’s dedication to catching and prosecuting traffickers and the A21 ‘Can You See Me?’ campaign will amplify their efforts by raising critical public awareness and support.  

    “Sydney Airport is proud to join forces with Melbourne Airport, united in our mission to tackle the scourge of modern slavery.”  

    Lorie Argus, Melbourne Airport CEO said: “This partnership goes beyond just airports—it’s about people’s lives.”  

    “By joining forces with Sydney Airport, the AFP, and A21, we’re taking a stand against modern slavery, a hidden crime that destroys people’s futures.  

    “Knowing that human trafficking is a real and daily threat, we feel a deep responsibility to protect our passengers.”  

    Acting Commander Human Exploitation Frank Rayner from the Australian Federal Police (AFP) said: “The increase in reported cases of human trafficking and slavery in Australia highlights the urgent need for action.”

    “Airports are key environments where traffickers seek to move victims across borders. It is important to remember that traffickers have many ways of controlling a person and a person can be exploited without physical restraint or abuse.

    “Engaging travellers and frontline airport staff to recognise the signs and report suspected cases will help disrupt these crimes and protect vulnerable people.”

    Nick Caine, A21 CEO, said: “Everyone has a role to play in the fight against human trafficking. Awareness is the first step, and we believe that through this campaign, more victims will be recognised and rescued.  

    “The ‘Can You See Me?’ campaign has already changed lives across the world, and we are grateful to Sydney and Melbourne airports for bringing this powerful message to Australia.”  

    Christian Elliott, Director of “Can You See Me?” said:  “As the director of the Can You See Me? campaign, I have witnessed firsthand the transformative power of awareness.”  

    “This initiative goes beyond just sharing information—it equips every individual who passes through Sydney and Melbourne airports to become a part of the solution.  

    “Human trafficking hides in plain sight, but through this campaign, we are making the invisible visible, empowering travellers, staff, and the public to take action. With just one report, one moment of recognition, a life can be saved. Together, we can stop the traffickers and protect the most vulnerable among us.”  

    The Rotary Clubs of Botany Randwick and Marrickville have announced that all cash collected from 11 donation boxes across Sydney Airport over the next month will be donated to A21 to support survivors of human trafficking.  

    Airport-specific signs & indicators of human trafficking  

    • Avoids eye contact and social interaction 
    • Is not in control of own passport/documentation 
    • Language barrier with their travelling companions 
    • Unusually submissive
    • Unaware of their destination  
    • Clothing is not appropriate/does not fit the route of travel  

    More details: Human trafficking and exploitation – AFP  

    How to make a report

    If you, or someone you know, are in immediate danger, call 000 for help.    

    The Australian Federal Police (AFP) protect people who are victims of modern slavery and can help keep you safe. If you suspect someone is at risk, you can:  

    • Make an anonymous report through Crime Stoppers 1800 333 000  
    • Call 131 AFP  
    • Report online  

    MIL OSI News –

    January 26, 2025
  • MIL-OSI Security: Appeal following fatal collision in Enfield

    Source: United Kingdom London Metropolitan Police

    Detectives are appealing for witnesses following a fatal collision in Enfield.

    Police were called at about 14:05hrs on Monday, 28 October to reports of a collision involving a white Ford box van and a blue motorbike on Meridian Way close to the junction with Morson Road.

    Officers and the London Ambulance Service attended. Despite the efforts of emergency services, sadly the rider, aged in his late 20s, died at the scene.

    His next of kin has been informed and are being supported by specialist officers.

    Detectives from the Roads and Transport Policing Command are investigating. They would like to speak with anyone who witnessed the collision or captured it on dash cam.

    Anyone with information is asked to call the Serious Collision Investigation Unit on 020 8246 9820 or via 101 reference CAD 4097/28Oct.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI: 18th Global Citizenship Conference to be held in Singapore

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Nov. 04, 2024 (GLOBE NEWSWIRE) — More than 400 delegates from over 50 countries are expected to attend the 18th annual Global Citizenship Conference, which takes place 27–29 November in Singapore.

    Hosted by world-leading international citizenship and residence advisory firm Henley & Partners, this annual event has become the world’s largest and most significant conference on investment migration, bringing together presidents and prime ministers, other senior government ministers and officials, and leading academics, as well as top-tier private client advisors and wealth management professionals, and financial and business media.

    The 2024 conference program features sophisticated content on the dynamics shaping the mobility options of wealthy families today. The conference will explore legal and economic developments and their implications, societal impacts relevant to global citizens, and trends in investment and wealth migration, along with regulatory and tax changes and the evolving concept of citizenship. Delegates will have the opportunity to engage with some of the world’s finest minds and latest ideas around global citizenship and interconnectivity and discover how to harness the power of global mobility.

    Dr. Christian H. Kalin, Group Chairman of Henley & Partners, emphasizes the timely relevance of connecting across borders as global citizens. “The Great Wealth Migration, as we call it, reflects a global trend fueled by geopolitical instability, economic uncertainty, the climate crisis, and technological disruption. Wealthy individuals are increasingly recognizing that, in an interconnected world, relying solely on any one nation as a place of residence or citizenship — even a prosperous, democratic one — can be a risk they are no longer willing to take. As they consider their options, however, there is a crucial opportunity to reflect on the broader implications of their decisions. How can wealth be used not only for personal advantage but also to create positive social impact? Global citizenship, at its core, is the belief that we have responsibilities that extend beyond our own borders — to our communities and to the world as a whole. This conference seeks to broaden our perspectives through shared global learning, empowering us to drive meaningful change on both a local and a global scale.”

    Notable key speakers at the conference include the Hon. Dickon Mitchell, Prime Minister of Grenada, and the Hon. Dr. Terrance Drew, Prime Minister of St. Kitts and Nevis. The Hon. Mohamed Nasheed, former President of the Maldives and current Secretary-General of the Climate Vulnerable Forum, will also share his insights along with senior government officials from Indonesia, Montenegro, and the South Pacific.

    Legendary global investor and best-selling author, Jim Rogers, will offer his perspective on global financial trends. Other distinguished speakers include Dr. Parag Khanna, Founder and CEO of Climate Alpha, Prof. Mehari Taddele Maru of the European University Institute and John Hopkins University, Irene Mia, Senior Fellow at the International Institute for Strategic Studies, and Balaji Srinivasan, American tech entrepreneur, investor, and author of The Network State.

    A conference highlight will be the 2024 Global Citizen Award Dinner on 28 November, where a remarkable individual working to advance one of the global challenges affecting humanity today, will be honored. This year’s laureate will be announced at the gala event hosted in collaboration with the Swiss non-profit humanitarian organization Andan Foundation, which focuses on promoting the self-reliance of refugees through education, entrepreneurship, and employment, and to which the net proceeds of the evening will be donated.

    For further information and media accreditation to attend the 18th annual Global Residence and Citizenship Conference, please contact:

    Sarah Nicklin
    Group Head of Public Relations
    sarah.nicklin@henleyglobal.com

    The MIL Network –

    January 26, 2025
  • MIL-OSI: 4BIO Capital Strengthens Investment Team

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    LONDON, 4 November 2024 – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm focused solely on the advanced and emerging therapies sector, announces today the appointments of Dr. Therese (Thera) Liechtenstein as an Investment Director based in Munich and Tay Salimullah as a Venture Partner based in Chicago.

    Dmitry Kuzmin, Managing Partner at 4BIO Capital, said: “Thera and Tay’s extensive experience and innovative perspectives will be invaluable to 4BIO as we continue to drive forward our mission of investing in transformative therapies. We are always keen on the diversity of thought and expertise that strengthens 4BIO’s unique edge as the leading advanced and emerging therapies investor. We are very excited to see where their thesis and experience take them and look forward to their contribution to our portfolio and investments.

    Thera Liechtenstein, newly appointed Investment Director commented: “I am thrilled to join 4BIO Capital and contribute to the firm’s mission of fostering advanced and emerging therapies. I look forward to playing a role in bringing transformative treatments to patients with significant unmet needs.”

    Tay Salimullah, newly appointed Venture Partner added: “This is a remarkable opportunity to work with a team dedicated to advancing transformative therapies. I look forward to leveraging my experience to support innovative companies that are poised to make a significant impact on healthcare and patient outcomes.”

    Thera Liechtenstein joins 4BIO Capital from M Ventures, the corporate venture arm of Merck KGaA, where she was a Senior Investment Director in the Biotechnology team. At M Ventures, Thera led company creations, new investments in Seed and Series A rounds, as well as follow-on investments in companies across Europe and North America, and supported these companies as a member of the board of directors. Previously Thera managed strategic projects for the Healthcare business of Merck. Prior to Merck, Thera was a client relationship manager in the field of wealth preservation, at Industrie- & Finanzkontor Ets. She has a strong academic background having received her PhD in Immuno-Oncology from University College London, an MSc in Biomedical Sciences from the University of Amsterdam, and a BA in Biology and Business studies from New York University.

    Tay Salimullah has over 20 years of leadership experience in the rare disease and MedTech sectors, with a proven track record in incubating and scaling innovative, high-value technologies, including cell and gene therapies. He spent over a decade at Novartis in a series of leadership roles. As an Executive Committee member at Novartis Gene Therapies, Tay executed a new commercial model for Zolgensma® and Kymriah®, securing approvals in more than 55 countries, helping to treat over 4,000 patients, and generating more than $5 billion in revenue. Prior to his roles at Novartis, Tay spent over ten years working in a variety of investment and healthcare roles, including a decade at Pfizer where he held several strategic and commercial roles. His expertise spans drug development, pricing science, market access, and operational excellence in high-value healthcare solutions. Tay holds a BSc in Management Sciences from the University of Brunel, London. 

    – Ends –

    Contacts

                                                    

    About 4BIO Capital

    4BIO Capital (‘4BIO’) is an international venture capital firm headquartered in London, focused solely on the advanced and emerging therapies sector. The 4BIO team, which has an unrivalled network within the advanced therapy sector, comprises leading advanced therapy scientists and experienced life science investors.

    The firm maintains a global footprint across the US, Europe and Asia with an objective to create, invest in, support, and grow early-stage companies. Its ultimate goal is ensuring access to potentially curative therapies for all patients, with a specific focus on viable, high-quality opportunities in cell and gene therapy, RNA-based therapy, targeted therapies, and the microbiome.

    4BIO is currently investing out of its Fund III, having secured support from prominent global institutional investors, including the Children’s Minnesota, UPMC, Development Bank of Japan, Kyowa Kirin, Exor, and many other endowments and foundations. For more information, connect with us on LinkedIn and X (@4biocapital) and visit www.4biocapital.com.

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Municipality Finance issues EUR 20 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    4 November 2024 at 10:00 am (EET)

    Municipality Finance issues EUR 20 million notes under its MTN programme

    Municipality Finance Plc issues EUR 20 million notes on 5 November 2024. The maturity date of the notes is 5 November 2035. MuniFin has a right, but no obligation, to redeem the notes early on 5 November 2025. The notes bear interest at a fixed rate of 3.87% per annum until 5 November 2025, after which the interest is paid at 3.00% per annum, unless MuniFin redeems the notes early.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 5 November 2024.

    UBS Europe SE acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
    The Group’s balance sheet totals over EUR 50 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Nokia signs 5G deal extension with Taiwan Mobile

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs 5G deal extension with Taiwan Mobile

    • Nokia to modernize Taiwan Mobile’s 5G network and upgrade existing 4G infrastructure with equipment from industry-leading AirScale portfolio.
    • Deal to enhance experience for customers in both urban and rural environments with premium capacity and coverage.
    • Taiwan Mobile targeting sustainability goals with Nokia’s energy-efficient portfolio.

    4 November 2024
    Espoo, Finland – Nokia has signed a one-year 5G contract extension with Taiwan Mobile to boost the performance and capacity of Taiwan Mobile’s 5G network as well as upgrade its 4G/LTE network. This will add capacity and coverage and provide a better end-user experience for TWM’s customer base of approximately 10 million including in rural areas. The move comes following the merger of Taiwan Mobile and Taiwan Star last year and will help prepare Taiwan Mobile’s network for the 5G-Advanced era.

    Under the deal, Nokia will supply equipment from its industry-leading 5G AirScale portfolio for the first time in Taiwan. This includes Nokia’s next-generation, modular, high-capacity AirScale baseband solutions, Habrok 32 and Osprey 32 Massive MIMO radios and Remote Radio Head products. These are all powered by its energy-efficient ReefShark System-on-Chip technology and combine to provide superior coverage and capacity. The project will see thousands of existing LTE sites modernized for better energy efficiency supporting Taiwan Mobile’s sustainability targets. Taiwan Mobile will also install Nokia’s IPAA+ solution helping them to add additional antennas in constricted urban environments.

    Additionally, Taiwan Mobile will implement Nokia’s industry-leading Carrier Aggregation technology to its network. This combines radio spectrum to significantly boost the data rates offering customers better throughput, capacity, and performance.

    Nokia has partnered with Taiwan Mobile for over 20 years and has previously provided 2G, 3G, and 4G mobile networks covering RAN, mobile core, and voice core. Nokia has most recently supported Taiwan Mobile in the deployment of its nationwide 5G infrastructure including over 3,000 new cell sites.

    Jamie Lin, President at Taiwan Mobile, said: “This expanded partnership with Nokia marks a significant step forward in our commitment to providing our 10 million customers with the best possible 5G experience, while also supporting the growing needs of over 1 million IoT devices across our network. By leveraging Nokia’s cutting-edge AirScale portfolio, we are not only enhancing network performance and capacity but also reinforcing our dedication to sustainability and advancing our Telco+Tech strategies. This collaboration will enable us to deliver superior connectivity to both urban and rural areas, ensuring that all our customers can enjoy the full benefits of the 5G era.”

    Tommi Uitto, President of Mobile Networks at Nokia, said: “Nokia is partnering with Taiwan Mobile to modernize their 5G and 4G networks to deliver enhanced performance and coverage and better customer experience. We are deploying the latest equipment from our energy-efficient AirScale portfolio, which will enable a greener network with reduced environmental impact, contributing to the operator’s sustainability goals.”

    Resources and additional information
    Webpage: Nokia 5G
    Product page: AirScale Radio Access
    Product page: MantaRay Network Management
    Webpage: Nokia 5G Core
    Webpage: Nokia Voice Core

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
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    The MIL Network –

    January 26, 2025
  • MIL-OSI: Share buyback programme – week 44

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    Euronext Dublin
    London Stock Exchange
    Other stakeholders

    Date        4 November 2024

    Share buyback programme – week 44

    The share buyback programme runs in the period 1 February 2024 up to and including 27 January 2025, see company announcement of 31 January 2024. Part I of the programme, for DKK 750 million, was completed on 27 June 2024, see company announcement of 28 June 2024. Part II of the programme, for DKK 775 million and a maximum of 1,550,000 shares, is for execution in the period 28 June 2024 – 27 January 2025.

    The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” rules.

    The following transactions have been made under the programme:

    Date Number of shares Average purchase price (DKK) Total purchased under the pro-gramme (DKK)
    Total in accordance with the last announcement 414,607 1,109.27 459,912,348
    28 October 2024 4,700 1,135.10 5,334,970
    29 October 2024 4,500 1,123.11 5,053,995
    30 October 2024 4,500 1,118.99 5,035,455
    31 October 2024 4,500 1,127.30 5,072,850
    1 November 2024 4,500 1,136.21 5,112,945
    Total under the share buyback programme, part II 437,307 1,110.26 485,522,563
           
    Bought back under share buyback programme part I executed in the period 1 February 2024 – 27 June 2024 631,900 1,186.82 749,953,400
    Total bought back 1,069,207 1,155.51 1,235,475,963

    With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:

    • 1,069,207 shares under the above share buyback programme corresponding to 4.0 % of the bank’s share capital.

    In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.

    Yours sincerely

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Detailed summary of the transactions on the above reporting days

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    7 1137 XCSE 20241028 10:07:20.272000
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    Attachment

    • UK Aktieopkøbsprogram 2024 – week 44

    The MIL Network –

    January 26, 2025
  • MIL-OSI Economics: Asian Impact Webinar: Asian Development Outlook September 2024 Launch

    Source: Asia Development Bank

    Video | 04 November 2024

    SHARE THIS PAGE

    Developing Asia’s outlook remains solid, driven by strong domestic demand and continued recovery in exports. But risks remain, including a possible rise in protectionism that could occur depending on the outcome of the United States presidential election, worsening geopolitical tensions, a fragile PRC property market, and adverse weather conditions. Asian Development Outlook September 2024 sheds light on these.

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    Developing Asia’s outlook remains solid, driven by strong domestic demand and continued recovery in exports. But risks remain, including a possible rise in protectionism that could occur depending on the outcome of the United States presidential election, worsening geopolitical tensions, a fragile PRC property market, and adverse weather conditions. Asian Development Outlook September 2024 sheds light on these.

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    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Asia-Pac: Provisional statistics of restaurant receipts and purchases for third quarter of 2024

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest provisional figures on restaurant receipts and purchases today (November 4).
     
         The value of total receipts of the restaurants sector in the third quarter of 2024, provisionally estimated at $26.7 billion, decreased by 1.3% over a year earlier. Over the same period, the provisional estimate of the value of total purchases by restaurants decreased by 0.1% to $8.8 billion.
     
         After netting out the effect of price changes over the same period, the provisional estimate of the volume of total restaurant receipts decreased by 3.3% in the third quarter of 2024 compared with a year earlier.
     
         Analysed by type of restaurant and comparing the third quarter of 2024 with the third quarter of 2023, total receipts of Chinese restaurants decreased by 7.7% in value and 9.8% in volume. Total receipts of non-Chinese restaurants decreased by 0.6% in value and 1.5% in volume. Total receipts of fast food shops increased by 8.5% in value and 5.7% in volume. Total receipts of bars decreased by 6.3% in value and 10.1% in volume. As for miscellaneous eating and drinking places, total receipts increased by 0.3% in value, but decreased by 2.8% in volume.
     
         Based on the seasonally adjusted series, the provisional estimate of total restaurant receipts increased by 2.0% in value, but decreased by 3.3% in volume in the third quarter of 2024 compared with the preceding quarter.
     
         Comparing the first three quarters of 2024 with the same period in 2023, total restaurant receipts decreased by 0.3% in value and 2.9% in volume.
     
         To facilitate further understanding of the short-term business performance of the restaurants sector, statistics in respect of the restaurant receipts and purchases in individual months of the reference quarter are also compiled.
     
         Analysed by month, it was provisionally estimated that the value of total receipts of the restaurants sector decreased by 4.2%, decreased by 2.3% and increased by 2.8% respectively in July, August and September 2024, compared with the corresponding months in 2023.
     
         After discounting the effect of price changes, it was provisionally estimated that the volume of total restaurant receipts decreased by 6.4%, decreased by 4.3% and increased by 1.1% respectively in July, August and September 2024, compared with the corresponding months in 2023.
     
    Commentary
     
         A Government spokesman said that the value of total restaurant receipts recorded a narrowed year-on-year decline of 1.3% in the third quarter of 2024. The business performance of restaurants improved through the quarter, with their total receipts resuming a year-on-year increase of 2.8% in September. Compared with the preceding quarter, the value of total restaurant receipts increased by 2.0% in the third quarter after adjusting for seasonal factors.
     
         Looking ahead, the changing consumption patterns of visitors and residents will continue to affect the business performance of restaurants. Nevertheless, an improved outlook for the Mainland economy following the recent introduction of a wide range of stimulus measures, and the commencement of the US interest rate cut, would render support to catering spending. The SAR Government’s various initiatives to boost market sentiment and increasing employment earnings would also benefit the sector.
     
    Further information
     
         Table 1 presents the revised figures of restaurant receipts by type of restaurant and total purchases by the restaurants sector for the second quarter of 2024 as well as the provisional figures for the third quarter of 2024.
     
         Table 2 and Table 3 present the revised value and volume indices respectively of restaurant receipts by type of restaurant for the second quarter of 2024 and the provisional indices for the third quarter of 2024.
     
         Table 4 presents the year-on-year rate of change in total restaurant receipts in value and volume terms based on the original quarterly series, as well as the quarter-to-quarter rate of change based on the seasonally adjusted series.
     
         The revised figures on restaurant receipts and purchases for the third quarter of 2024 (with breakdown by month) will be released through the website of C&SD (www.censtatd.gov.hk/en/scode540.html) and relevant publications of the Department from December 20, 2024.
     
         The classification of restaurants follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
     
         More detailed statistics are given in the “Report on Quarterly Survey of Restaurant Receipts and Purchases”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080002&scode=540).
     
         Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel: 3903 7401; e-mail: qsr@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

    January 26, 2025
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