NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Blog

  • MIL-OSI: NBPE Announces Appointment of Oak Group as Guernsey Adminstrator

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces Appointment of Oak Group as Guernsey Adminstrator

    1 November 2024

    NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces the appointment of Oak Fund Services (Guernsey) Limited as NBPE’s Guernsey Administrator and Company Secretary. The appointment is with effect from 1 November 2024.

    Effective as of 1 November 2024, NBPE’s registered address will be changed to:

    NB Private Equity Partners Limited
    Oak House,
    Hirzel Street,
    St Peter Port,
    Guernsey
    GY1 2NP

    For further information, please contact:

    NBPE Investor Relations         +44 (0) 20 3214 9002
    Luke Mason                              NBPrivateMarketsIR@nb.com 

    Kaso Legg Communications   +44 (0)20 3882 6644

    Charles Gorman                        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $509 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of September 30, 2024.

    1Based on net asset value.

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Aktsiaselts Infortar subsidiary AS Eesti Gaas acquires a 100% shareholding in EWE Polska

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar subsidiary AS Eesti Gaas acquires a 100% shareholding in EWE Polska

    AS Eesti Gaas, a wholly owned subsidiary of Aktsiaselts Infortar (Infortar) and the German energy group EWE AG have entered into an agreement on the 31st of October 2024, under which EWE AG will sell 100% of the shares of its wholly owned subsidiary EWE Polska sp. z o.o. (EWE Polska) which operates in Poland. EWE Polska has two wholly owned subsidiaries, EWE Energia sp. z o.o. and EWE Przesył sp. z o.o. (altogether EWE Polska group).
    Chairman of the Management Board of Infortar Ain Hanschmidt:
    “Our ambition is to expand beyond the Baltic-Finnish region into Central and Western Europe, implementing our proven model and experience as a gas supplier and network operator Poland, thereby delivering the best service to consumers. The acquisition of an energy company in Poland provides us with the necessary momentum in this large and important growing gas market, while also ensuring an additional steady cash flow for the company’s shareholders.”

    The fields of activity of EWE Polska group include a natural gas distribution network in Western Poland and all business lines of energy sales (including gas and electricity sales).

    The completion of the transaction requires approval from the Polish Competition Authority (Polish: Urząd Ochrony Konkurencji i Konsumentów), as well as corporate approval by the EWE AG Supervisory Board (German: Aufsichtsrat).

    The acquisition of shares in EWE Polska constitutes a significant transaction under Nasdaq Tallinn Stock Exchange Rules and Regulations. Therefore, the Stock Exchange Release includes comprehensive information on the transaction’s circumstances and EWE Polska’s financial results.

    EWE Polska is the second-largest privately-owned network operator in Poland. The company operates a natural gas distribution network of 2,316 km in western Poland, mainly around Poznan, serving over 25,000 clients. In addition to infrastructure management, the company sells natural gas and electricity, with energy sales totaling 1.2 TWh last year.

    The aim of the transaction is to significantly expand Infortar’s energy business in the Polish market, with the impact on the Infortar’s consolidation group being adding estimated revenues of more than 100 million euros.
    The acquisition of EWE Polska group increases our market presence in this large and important growing gas market, while also ensuring steady cash flow from regulated assets to our shareholders.

          1.   Terms of payment of purchase price for the shares of EWE Polska
    The purchase price for shares of EWE Polska is 120 000 000 euros payable as monetary payment.
    The purchase price will be paid at the completion of the transaction after being adjusted based on accrued interest and occurred leakage (if any).

          2.   EWE Polska’s financial results
    EWE Polska group total revenues in year 2023 amounted to 141.1 mEUR (2022: 133.2 mEUR and 2021: 76.4 mEUR) which is 6% higher than the year before and 85% higher than in year 2021. In 2023, earnings before interest, taxes, depreciation, and amortization (EBITDA) was -2.2 mEUR, compared to 15.6 mEUR in 2022 and 15.0 mEUR in 2021. In 2023, the consolidated net profit was -3.7 mEUR, compared to net profit of 10.5 m EUR and 10.0 mEUR in years 2022 and 2021 respectively.

    EWE Polska group total assets in 2023 were 170.0 mEUR (2022: 182.4 mEUR and 2021: 156.5mEUR) including total fixed assets 115.8 mEUR that is 68% from total assets (2022: 63% and 2021: 69%). Total current assets in 2023 were 54.2 mEUR, including cash and equivalents 22.9 m EUR. In 2022 respective numbers were 66.7 mEUR and 20.7 mEUR. In 2021 the numbers were 48.1 mEUR and 16.2 mEUR.

    Total Equity in 2023 was 115.5 mEUR (in 2022 total equity was 121.5 mEUR and in 2021 114.6 mEUR).
    For more detailed information, please see appendix.

    Based on the additional information provided to Infortar, there have been no adverse changes in the business operations of the EWE Polska group since the close of the 2023 financial year. Unaudited consolidated figures for the first eight months of 2024 have been presented to Infortar, showing consolidated sales of 74.6 mEUR (2023 8 months: 94.2 mEUR), an EBITDA of 15.2 mEUR (2023 8 months: 5.9 mEUR), and a net profit of 12.3 mEUR (2023 8 months: -2.6 mEUR).

          3.   Overview of the loans undertaken by EWE Polska
    EWE Polska group has no outstanding loans in its consolidated balance sheet.

          4.   The structure of shareholders of EWE Polska
    EWE Polska is 100% owned by EWE AG. Upon completion of the transaction 100% of EWE Polska shares will be acquired by Infortar’s wholly owned subsidiary AS Eesti Gaas.

          5.   Information on significant court or arbitration proceedings involving EWE Polska
    According to information provided to Infortar, the companies within the EWE Polska group are not engaged in any significant court or arbitration proceedings. While certain legal proceedings related to their regular business activities are ongoing, Infortar has grounds to believe that the outcomes of these proceedings are unlikely to have a material impact on the business activities of EWE Polska group companies.

          6.   Information on valid contracts between Infortar and EWE Polska
    Currently there are no valid contracts between Infortar and EWE Polska group.

          7.   The composition of managing bodies of EWE Polska
    The Management Board of EWE Polska currently consists of Mr. Krzysztof Noga and Ms. Agnieszka Bielewicz. The Supervisory Board has not been formed.

    The contemplated transaction is not a transaction between related parties and the members of the Supervisory Board and the Management Board of Aktsiaselts Infortar have no personal interest in the transaction in any other way.

    Aktsiaselts Infortar operates in seven countries, the company’s main fields of activity are energy, maritime transport, 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. 113,000 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 104 companies belong to the Aktsiaselts Infortar group: 95 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Aktsiaselts Infortar employs 6,625 people.

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

    Appendix Balance Sheet and Profit and Loss Statements of EWE Polska group

    BALANCE SHEET      
    Amounts in millions of euros
    FX rate of 4.35 has been used for conversion
    31.12.2021 31.12.2022 31.12.2023
    Cash and equivalents 16,2 20,7 22,9
    Derivatives 14,3 16,3 6,0
    Receivables 14,7 24,7 15,1
    Inventories 2,5 4,8 4,3
    Other current assets 0,4 0,3 6,0
    Total current assets 48,1 66,7 54,2
    Total fixed assets 108,5 115,7 115,8
    TOTAL ASSETS 156,5 182,4 170,0
           
    Trade payables 14,4 23,0 16,0
    Derivatives 8,8 9,9 7,3
    Tax Liabilities 1,3 2,1 3,4
    Advances Received 1,8 7,1 6,2
    Connection fees 0,1 0,1 0,1
    Other current liabilities 2,6 3,4 6,4
    Total current liabilities 29,0 45,6 39,5
    Derivatives 0,0 0,2 0,2
    Other non-current liabilities 1,5 3,3 2,8
    Connection fees 11,4 11,8 12,1
    Total long-term liabilities 12,9 15,3 15,1
    Total Equity 114,6 121,5 115,5
    of which share capital 105,1 104,9 105,8
    TOTAL EQUITY AND LIABILITIES 156,5 182,4 170,0
    PROFIT AND LOSS STATEMENT    
    Amounts in millions of euros 2021 2022 2023
    Sales revenues 76,0 132,9 139,3
    Other revenues 0,4 0,3 1,7
    TOTAL REVENUES 76,4 133,2 141,1
    Cost of goods sold -55,1 -104,3 -117,4
    Staff costs -4,6 -5,7 -6,4
    Other operating costs -6,5 -7,6 -8,1
    Other costs -1,9 -1,1 -1,4
    Derivatives 6,6 1,2 -9,9
    EBITDA 15,0 15,6 -2,2
    Depreciation and Amortisation -2,5 -2,6 -3,1
    EBIT 12,5 13,0 -5,2
    Financial costs and revenues 0,1 0,5 0,7
    Income tax -2,6 -3,0 0,8
    NET PROFIT 10,0 10,5 -3,7

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Prospera Energy Commences Restructure Initiatives at the Board Level to Attain PEI Potential

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Nov. 01, 2024 (GLOBE NEWSWIRE) — Prospera Energy Inc. (PEI: TSX-V; OF6B: FRA) (“Prospera” or the “Corporation“)

    Prospera announces the opportunistic appointment of Mr. Shubham Garg as Chairman of the Board of Directors. Previous Chairman, Mr. Mel Clifford has stepped down from the Board of Directors for personal reasons, effective October 31, 2024. The Board and Prospera express their sincere gratitude to Mr. Clifford for his dedication and contributions to PEI’s restructuring efforts out of bankruptcy.

    The board and the principal investors of Prospera have unanimously approved Mr. Garg as the Chairman of the Board, recognizing his extensive knowledge of the public oil & gas market, his influential connections within financial industry, and his sound understanding of oil and gas operations, especially in Saskatchewan’s heavy oil fields.

    The recent medium-light oil drills have been completed, and production flow is beginning to reach the anticipated levels. Ongoing efforts, including SK heavy oil well automation, battery maintenance and upgrades, pipeline modifications, water injection realignment, and ensuring sufficient fuel gas supply, are enhancing well runtime and optimizing production to support the horizontal transformation volumes as outlined in the structured development phases. Prospera will continue developing its assets and diversifying the heavy-to-light oil ratio to enhance its margins.

    About Prospera
    Prospera is a publicly traded energy company based in Western Canada, specializing in the exploration, development, and production of crude oil and natural gas. Prospera is primarily focused on optimizing hydrocarbon recovery from legacy fields through environmentally safe and efficient reservoir development methods and production practices. Prospera was restructured in the first quarter of 2021 to become profitable and in compliance with regulatory, environmental, municipal, landowner, and service stakeholders.

    The company is in the midst of a three-stage restructuring process aimed at prioritizing cost effective operations while appreciating production capacity and reducing liabilities. Prospera has completed the first phase by optimizing low hanging opportunities, attaining free cash flow, while bringing operation to safe operating condition, all while remaining compliant. Currently, Prospera is executing phase II of the restructuring process, the horizontal transformation intended to accelerate growth and capture the significant oil in place (400 million bbls). These horizontal wells allow PEI to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path. Phase III of Prospera’s corporate redevelopment strategy is to optimize recovery through EOR applications. Furthermore, Prospera will pursue its acquisition strategy to diversify its product mix and expand its core area. Its goal is to attain 50% light oil, 40% heavy oil and 10% gas.

    The Corporation continues to apply efforts to minimize its environmental footprint. Also, efforts to reduce and eventually eliminate emissions, alongside pursuing innovative ESG methods to enhance API quality, thereby achieving higher margins and eliminating the need for diluents.

    For Further Information:
    Shawn Mehler, PR
    Email: investors@prosperaenergy.com
    Website: www.prosperaenergy.com

    FORWARD-LOOKING STATEMENTS

    This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    The MIL Network –

    January 26, 2025
  • MIL-Evening Report: Philippine Supreme Court orders ‘temporary protection’ for abducted environmental activist

    By Jairo Bolledo in Manila

    The Philippine Supreme Court has granted temporary protection to an environmental activist abducted in Pangasinan earlier this year.

    In its resolution dated September 9 — but only made public this week — the court granted Francisco “Eco” Dangla III’s petition for temporary protection, and prohibited the respondents, including high-ranking soldiers and police officers, to be near the activist’s location.

    “Furthermore, you, respondents, and all persons and entities acting and operating under your directions, instructions, and orders are PROHIBITED from entering within a radius of one kilometer of the person, places of residence, work, and present locations of petitioner and his immediate family,” the resolution read.

    The respondents are:

    • Philippine Army chief Lieutenant General Roy Galido
    • Philippine National Police (PNP) chief Police General Rommel Francisco Marbil
    • Brigadier General Gulliver Señires (in his capacity as 702nd Brigade commanding general Brigadier)
    • Ilocos Region police chief Police Brigadier General Lou Evangelista
    • Police Colonel Jeff Fanged (in his capacity as Pangasinan police chief)

    Aside from giving Dangla temporary protection, the court also granted his petition for writs of amparo and habeas data. A writ of amparo is a legal remedy, which is usually a protection order in the form of a restraining order.

    The writ of habeas data compels the government to destroy information that could cause harm.

    These extraordinary writs are usually invoked by activists and progressives in the Philippines as they face intimidation from the government and its forces.

    Dangla’s abduction
    Dangla and another activist, Joxelle Tiong, were abducted in Pangasinan last March 24.

    According to witnesses, they saw two men who were forced to board a vehicle in Barangay Polo, San Carlos City.

    The two activists, who who had been red-tagged for their advocacies, were serving as convenors of the Pangasinan People’s Strike for the Environment.

    They “vocally defended the people and ecosystems of Pangasinan against the harms of coal-fired power plants, nuclear power plants, incinerator plants, and offshore mining in Lingayen Gulf,” at the time of their abduction.

    Three days later, several groups announced that Dangla and Tiong were found safe, but that the two had gone through a “harrowing ordeal.”

    “Bruised but alive” . . . the environmental activists abducted in Pangasinan but found safe, Francisco ‘Eco’ Dangla III (left) and Joxelle ‘Jak’ Tiong. Image: Rappler

    The reality
    The protection given to Dangla is only temporary as the Court of Appeals still needs to conduct hearings on the petition. In other words, the Supreme Court only granted the writ, but the power to whether grant or deny Dangla the privilege of the writs of amparo and habeas data lies with the Court of Appeals.

    There have been instances where the appellate court granted activists the privilege of writ of amparo, like in the case of labour activists Loi Magbanua and Ador Juat, where the court issued permanent protection orders for them and their immediate families.

    Unfortunately, this was not the case for other activists, such as young environmentalists Jhed Tamano and Jonila Castro.

    The two were first reported missing by activist groups. Security forces later said they were “safe and sound” and that they had allegedly “voluntarily surrendered” to the military.

    However, Tamano and Castro went off-script during a press conference organised by the anti-insurgency task force and revealed that they were actually abducted.

    In February, the High Court granted the two temporary protection and their writs of amparo and habeas data petitions. However, the appellate court in August denied the protection order for Tamano and Castro.

    Associate Justice Emily San Gaspar-Gito fully dissented in the decision and said: “It would be uncharacteristic for the courts, especially this court, to simply fold their arms and ignore the palpable threats to petitioners’ life, liberty and security and just wait for the irreversible to happen to them.”

    Republished with permission from Rappler.

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025
  • MIL-OSI Video: President Ramaphosa attends Bilateral meeting between National Cabinet and Limpopo Executive

    Source: Republic of South Africa (video statements)

    President Ramaphosa attends Bilateral meeting between National Cabinet and Limpopo Executive Council

    https://www.youtube.com/watch?v=eKWzn7ZkVJY

    MIL OSI Video –

    January 26, 2025
  • MIL-OSI Australia: Urban Agriculture Month in Yarra: Celebrate local food, green spaces and community connections

    Source: State of Victoria Local Government 2

    Friday 01 November 2024

    Now in its fourth year, November’s Urban Agriculture Month continues to blossom with a growing number of participants, venues and food-growing showcases across Australia.

    This year, Yarra City Council is proud to feature a calendar of events where residents can learn about and celebrate local food production and the many ways it benefits both people and our local ecosystems. 

    Throughout November, you’ll find a variety of activities across Yarra, from thought-provoking panel discussions to hands-on workshops, all aimed at enhancing our understanding and appreciation of urban agriculture. Check out the details below and take part in these exciting events! 

    Featured events 

    Public Housing Community Gardens Tour – Rollickin’ Richmond  
    Tuesday 12 November, 11am to 12.30pm  
    Lennox Street Community Garden, Cnr Lennox St and Butler St, North Richmond 

    Want to know more about what is growing in our community gardens in North Richmond? Join us for a tour of the Lennox and Highett community gardens! Whether you’re keen to learn about the story behind the plants being grown, or the traditional gardening techniques that are used, this tour is for you. 

    Garden Party and Food Recycling Depot Opening 
    Monday 18 November, 10.30am to 3pm 
    Finbar Neighbourhood House, 143 Kent Street, Richmond 

    Join the celebration of Finbar Neighbourhood House’s newly refurbished Food Recycling Depot! Discover how to recycle your food scraps and learn about composting techniques to enhance your garden. Kath Jones will also host a workshop, “Why Grow Organic?” exploring the benefits and tackling some of the myths surrounding organic gardening. 

    What is the Future of Urban Agriculture in Naarm? 
    Thursday 21 November, 6.30pm to 8pm 
    Bargoonga Nganjin, North Fitzroy Library, 182 St Georges Road, North Fitzroy 

    Join Yarra’s My Smart Garden program and Yarra Libraries for a lively panel discussion led by journalist Sally Warhaft. Hear from local growers at Cultivating Community and the green infrastructure team from the City of Melbourne as they explore the future of urban agriculture in our city. 

    Fitzroy Urban Agriculture Walk 
    Wednesday 27 November, 2.15pm to 3.30pm 
    Fitzroy Learning Network, 198 Napier St, Fitzroy 

    Discover Fitzroy’s vibrant urban agriculture initiatives with Yarra’s My Smart Garden program. Join us for an engaging walk through community gardens, composting sites, and urban farms while meeting the dedicated growers and educators who make it all possible. 

    Organic Pest and Disease Management Workshop 
    Saturday 23 November, 1pm to 2pm 
    Rushall Garden, Rushall Cres, Fitzroy North 

    Explore organic methods for minimising garden pests and disease with Cultivating Community. Learn why chemical fertilizers and insecticides often cause more harm than good and discover simple, eco-friendly solutions you can apply at home. 

    For a complete list of events and activities in and around Yarra, visit the Urban Agriculture Month website. You can even still register to host your own event, whether it’s a garden tour, skill share, crop swap, or communal feast! 

    Learn more about urban agriculture initiatives in Yarra 

    Now in its fourth year, November’s Urban Agriculture Month continues to blossom with a growing number of participants, venues and food-growing showcases across Australia.

    This year, Yarra City Council is proud to feature a calendar of events where residents can learn about and celebrate local food production and the many ways it benefits both people and our local ecosystems. 

    Throughout November, you’ll find a variety of activities across Yarra, from thought-provoking panel discussions to hands-on workshops, all aimed at enhancing our understanding and appreciation of urban agriculture. Check out the details below and take part in these exciting events! 

    Featured events 

    Public Housing Community Gardens Tour – Rollickin’ Richmond  
    Tuesday 12 November, 11am to 12.30pm  
    Lennox Street Community Garden, Cnr Lennox St and Butler St, North Richmond 

    Want to know more about what is growing in our community gardens in North Richmond? Join us for a tour of the Lennox and Highett community gardens! Whether you’re keen to learn about the story behind the plants being grown, or the traditional gardening techniques that are used, this tour is for you. 

    Garden Party and Food Recycling Depot Opening 
    Monday 18 November, 10.30am to 3pm 
    Finbar Neighbourhood House, 143 Kent Street, Richmond 

    Join the celebration of Finbar Neighbourhood House’s newly refurbished Food Recycling Depot! Discover how to recycle your food scraps and learn about composting techniques to enhance your garden. Kath Jones will also host a workshop, “Why Grow Organic?” exploring the benefits and tackling some of the myths surrounding organic gardening. 

    What is the Future of Urban Agriculture in Naarm? 
    Thursday 21 November, 6.30pm to 8pm 
    Bargoonga Nganjin, North Fitzroy Library, 182 St Georges Road, North Fitzroy 

    Join Yarra’s My Smart Garden program and Yarra Libraries for a lively panel discussion led by journalist Sally Warhaft. Hear from local growers at Cultivating Community and the green infrastructure team from the City of Melbourne as they explore the future of urban agriculture in our city. 

    Fitzroy Urban Agriculture Walk 
    Wednesday 27 November, 2.15pm to 3.30pm 
    Fitzroy Learning Network, 198 Napier St, Fitzroy 

    Discover Fitzroy’s vibrant urban agriculture initiatives with Yarra’s My Smart Garden program. Join us for an engaging walk through community gardens, composting sites, and urban farms while meeting the dedicated growers and educators who make it all possible. 

    Organic Pest and Disease Management Workshop 
    Saturday 23 November, 1pm to 2pm 
    Rushall Garden, Rushall Cres, Fitzroy North 

    Explore organic methods for minimising garden pests and disease with Cultivating Community. Learn why chemical fertilizers and insecticides often cause more harm than good and discover simple, eco-friendly solutions you can apply at home. 

    For a complete list of events and activities in and around Yarra, visit the Urban Agriculture Month website. You can even still register to host your own event, whether it’s a garden tour, skill share, crop swap, or communal feast! 

    Learn more about urban agriculture initiatives in Yarra 

    MIL OSI News –

    January 26, 2025
  • MIL-OSI Australia: Arrest – Domestic violence – Darwin

    Source: Northern Territory Police and Fire Services

    Northern Territory Police have arrested a man in relation to domestic violence related offences that occurred this month.

    Around 8:30am, officers from the Territory Safety Division arrested a 24-year-old man at an address on Smith Street, Darwin, after multiple alleged assaults against his partner.

    The man remains in police custody and is expected to be charged with Aggravated assault, Armed with an offensive weapon and Possess/carry/used a controlled weapon.

    Acting Senior Sergeant Alex Noonan said, “Domestic violence will not be tolerated, and we are committed to bringing these offenders before the courts.

    “If you or anyone you know is experiencing domestic or family violence, please reach out on 131 444 or in an emergency call 000. You can also anonymously report through Crime Stoppers on 1800 333 000.”

    MIL OSI News –

    January 26, 2025
  • MIL-OSI Europe: Swiss Consumer Price Index in October 2024 – Consumer prices fell by 0.1% in October

    Source: Switzerland – Department of Home Affairs

    The consumer price index (CPI) fell by 0.1% in October 2024 compared with the previous month to 107.1 points (December 2020 = 100). Inflation was +0.6% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

    MIL OSI Europe News –

    January 26, 2025
  • MIL-OSI Europe: Swiss retail trade turnover rose by 1.0% in September 2024

    Source: Switzerland – Department of Home Affairs

    Turnover adjusted for sales days and holidays rose in the retail sector by 1.0% in nominal terms in September 2024 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.5% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

    MIL OSI Europe News –

    January 26, 2025
  • MIL-OSI Economics: northunion.io: BaFin warns consumers about website

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The website operator is simply referred to as “NorthUnion”, and there is no information regarding its legal form. They give business addresses in Zurich, Switzerland, London, United Kingdom, Graz, Austria, and Madrid, Spain.

    BaFin has recently become aware of a number of websites with almost identical content and has also warned consumers about them. In each case, the website’s homepage displays the phrase: “Step Up Your Trading with [name of operator]“.

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

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

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

    MIL OSI Economics –

    January 26, 2025
  • MIL-OSI Russia: All about digital twins: Polytech and Gazprom Neft held an inter-industry conference

    Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Peter the Great St. Petersburg Polytechnic University and Gazprom Neft held an inter-industry conference, Digital Twins 2024. For two days, the Technopolis Polytech research building became a platform for exchanging experiences, discussing innovations, and developing solutions to existing problems. The event was attended by over 150 IT, systems analysis, and engineering specialists from 30 companies and organizations.

    The plenary sessions were moderated by Kirill Vasiliev, head of the Gazpromneft-ITO department, Polytechnic University graduate and ambassador. The experts presented over 20 reports on such topical issues as the use of artificial intelligence, HR policy, import substitution and the use of digital twins in complex industrial systems.

    Opening the conference, Gazprom Neft Science Director Mars Khasanov noted: It is important to understand the difference between a model and a digital twin. If a model describes only part of an object or system and does not “live” on its own, then a digital twin must adapt, adjust to changes in the environment, change as new data arrives, and learn. This means that a full-fledged digital twin must have intelligence to some extent — artificial intelligence. If artificial intelligence is used purposefully, understanding its key advantages, and “landing” it on engineering soil, then it will be a very useful tool, and digital twins will not be able to work without it. Meetings like our conference today are needed to form the correct understanding of digital twins.

    Vice-Rector for Research at SPbPU Yuri Fomin welcomed the participants by saying that the topic of digital twins is now coming to the forefront: The Polytechnic University is characterized by the speed of introducing products to the industry. The current situation in the country and the world, on the one hand, contributes to the acceleration of this process, on the other hand, it introduces restrictions. In these conditions, we decided that digital twins are a strategic direction for us, in conjunction with our partners. We have accumulated competencies in the field of digital twins, it is gratifying that we make a serious contribution to this matter, and we need to find a common language with the industry.

    The need for collaboration among all participants in the digital twin market was repeatedly emphasized during the discussions. The participants of the meeting not only presented their own business experience, shared achievements and problems, but also discussed how universities and companies can communicate more productively and bring mutual benefit.

    Director of Product Development Programs at Gazprom Neft, Evgeny Yudin, believes that building such interaction is one of the most pressing tasks today.

    The digital transformation stage is clear, we need to take the next step — to more intelligent management based on artificial intelligence, digital twins, — Evgeny Viktorovich is sure. — We need to coordinate efforts from the point of view of a single conceptual base. There is a GOST that defines what digital twins are, there are concepts that businesses use. We need to start agreeing on the same language. And secondly, we need to share experience in using digital twins, artificial intelligence to optimize the management process. This is important because the goals are quite ambitious, and we understand that this goal cannot be achieved by one company alone, we need to coordinate, share experience, create consortiums, associations, and do joint projects. This is more effective in terms of getting an increment on the way to this goal. And the goal, I repeat, is the transition towards intelligent management. We are open to cooperation and interaction.

    On the first day, the experience of the Polytechnic University in creating technologies for developing digital twins of products in industry was shared with the conference participants by the Vice-Rector for Digital Transformation of SPbPU, Head of the Advanced Engineering School “Digital Engineering” Alexey Borovkov. Also, from the speeches of representatives of leading companies and scientific organizations, the audience learned about various aspects of digital transformation in the oil and gas sector, aircraft and helicopter manufacturing, and other industries. Solutions were proposed for optimizing processes using digital models, accelerating hydrodynamic modeling using machine learning methods, hybrid modeling, and integrating artificial intelligence into control systems.

    At the end of the first day of the conference, Evgeny Yudin and the head of well modeling and ground facilities at Gazprom Neft, Alexander Vinokurov, held a round table discussion on “Artificial Intelligence for Optimizing Business Processes.”

    On the second day, Dmitry Mikhalyuk, CEO of JSC Tsifra and a graduate of the Physics and Mechanics Department of the Polytechnic University, covered the topic of digital twins of production systems as a synergy of information technology and modeling of physical processes. Dmitry Sokolov, Solution Architect at Kaspersky Lab, taught how to safely update and enrich a digital twin with industrial data. Maxim Simonov, Head of the Competence Center for the Development of Integrated Asset Modeling at Gazprom Neft, spoke about the company’s HR policy: how interaction with universities occurs, what internal training is, what helps a young specialist go from a student to an expert, etc. The conference participants also learned about the tools and best practices for using neural network approaches, discussed the problems of switching to domestic software, data in digital twins, and management processes.

    The conference concluded with a panel discussion on the topic “Digital Twins: Development Prospects in Industry”. Experts exchanged opinions on what problems of implementing digital twins are coming to the forefront today – technological, personnel, import substitution or legal regulation; where government assistance is needed; how well universities are coping with training engineers of the future, etc.

    We are delving quite deeply into the topic of digital twins of physical, physical and chemical systems. But if we want to move to new management principles, then large companies have other objects that need to build digital twins, for example, the external environment, the same markets, – believes the head of the digital technologies and artificial intelligence department of Gazprom Neft Mikhail Korolkov. – Problems will begin when the twins of external systems need to be connected and integrated with the twins of physical systems. And the second barrier that will at some point stand in the way of the widespread use of digital twins is a possible change in the business models of companies.

    Assessing the prospects for the development of domestic digital technologies in the next 5-10 years, Alexey Zaslavsky, CEO of Vaizteco (Aiteko Group of Companies), noted: We can certainly achieve priorities in certain specific things. The main thing is to choose them correctly and concentrate on them. We must not forget that our Motherland launched a man into space 16 years after the end of World War II.

    Our country has a unique way of mobilizing itself in very difficult periods, agreed Maxim Simonov. We are now seeing that in two or three years, many software solutions have appeared that, although they do not yet allow us to meet all business needs, already provide the opportunity to work with domestic solutions. In some ways, they are already ahead of previously used software products.

    The most important thing is to use these technological breakthroughs in the formation of a new system of international cooperation, – says Andrey Dobrynin, Director of the Center for Geospatial Economic Analysis at Lomonosov Moscow State University. – Yes, the circle of partners has changed. But I would not say that the market has narrowed. We need to be able to position ourselves correctly there, offer the right solutions. If we can build a chain of development of artificial intelligence and digital twins and move in this direction, we will be able to set the tone, create standards, promote our projects and gain a foothold in key positions in the global market.

    Andrey Dobrynin also highly praised the level of the meeting of specialists. It was a wonderful conference. The Polytechnic University has a great deal of groundwork in the field of digital twins, and Gazprom Neft is a leading company that comes up with initiatives before others. And joining efforts will allow us to move forward. But what was even more impressive was how the topics were discussed. The participants represented different industries, not even related ones, which gave an additional impetus to the discussion. Everyone contributed to understanding the issue, which, in my opinion, serves as a good basis for further cooperation.

    Mikhail Korolkov summed up the conference: There were two very interesting, eventful days, with excellent reports, lively discussions, exchange of ideas, impressions, and experience. Digital twins are a topic that is becoming advanced and breakthrough in all important industries for the country. We are coming to new issues that were not even raised a year or two ago: integration of digital twins, the role of artificial intelligence in digital twins. The main problem of import substitution was also touched upon. The discussion was comprehensive, not only the reports are important, but also the exchange of opinions, and the audience, the speakers will only benefit from this, they will find ways to overcome barriers. I hope that this event will become permanent, and in some time we will discuss new trends and ideas at a new level.

    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 Australia: THE SPRINGS ROAD, GLENCOE (Grass Fire)

    Source: Country Fire Service – South Australia

    Advice – Reduced Threat

    We will issue a Reduced Threat message when the threat to the community has reduced.

    All bushfire incidents that have had an Advice, Watch and Act or Emergency Warning message issued will be finalised with an Advice – Reduced Threat message.

    MIL OSI News –

    January 26, 2025
  • MIL-OSI Australia: FRADD EAST ROAD, MUNNO PARA WEST (Building Fire)

    Source: Country Fire Service – South Australia

    Advice – Reduced Threat

    We will issue a Reduced Threat message when the threat to the community has reduced.

    All bushfire incidents that have had an Advice, Watch and Act or Emergency Warning message issued will be finalised with an Advice – Reduced Threat message.

    MIL OSI News –

    January 26, 2025
  • MIL-OSI United Kingdom: Celebrating our university students this Care Leavers Week

    Source: City of Plymouth

    We currently have 17 Care Leavers aged 18 to 23 who are at university. 10 of our young people are studying here in Plymouth at one of our local institutions but the rest are attending universities across the country including Bristol, Liverpool, Bath, Greenwich, Manchester and West London.

    What is it like being a care experienced university student?

    James is a 19 year old university student who is studying Economics at the University of the West of England (UWE).

    Reflecting on when he moved to university, he said: “I was very well supported by the Care Leavers team. The team paid and organised the moving van for me, which honestly helped me a lot!

    James also completed work experience at Plymouth City Council, he said: “The week helped me develop my understanding of local economic development and also presented, to me, the sheer number of functions that the council has to keep the city working.

    “Especially coming from a care leaver background, it really helps me build up my employment skills and allowed me to explore future career options, such as local government.”

    Steeve, 23, has graduated his Foundation Degree in Science in Culinary Arts Management this summer from the University of West London. Steeve has always had high educational aspirations and has worked hard to achieve this goal, in fact after graduating he has gone on to further study in this subject.

    Steeve provided some lovely feedback about his Personal Advisor: “I just wanted to say thank you to you personally and to Plymouth City Council for supporting me for years”.

    Councillor Jemima Laing, Deputy Leader of the Council and Cabinet Member for Children’s Social Care, said: “It is excellent to see how many of our care experienced young people have moved on to university and higher education, I am so proud of them all and the amazing things that they are all doing.

    “We know that the journey to higher education is exciting, but it can be challenging.

    “Our staff have done an amazing job in supporting each care experienced young person.

    “I hope the achievements we are celebrating here serve as real inspiration for the younger children in our care to think as ambitiously as possible about their own futures.”

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI United Kingdom: City of Wolverhampton prepares to remember war dead

    Source: City of Wolverhampton

    The parade steps off from Wulfruna Street at 10.30am and the public are encouraged to line the route.

    Led by the Pipe Band of West Midlands Fire Service, the parade will make its way into Princes Square, right in Lichfield Street, right into Exchange Street and into St Peter’s Square.

    Once assembled in the square, the parade will be joined by civic dignitaries for an outdoor Service of Remembrance which is open to the public to watch.

    A 2 minute silence will take place at 11am before the laying of wreaths at the city’s cenotaph.

    This will be followed by a service of remembrance inside St Peter’s Church.

    Mayor of Wolverhampton, Councillor Linda Leach, said that she hoped as many people as possible will turn out to watch and participate in this year’s event and remember those who made the ultimate sacrifice.

    She added: “At a time when our world often feels unstable and frightening, people value our armed forces more than ever.

    “Remembrance Sunday is a way for us all to show our appreciation for those who have laid down their lives fighting for our freedom and to remember their valour and service.

    “Wolverhampton has a proud tradition of coming together on this sacred day to honour the fallen and I know that once again people will come out in their thousands to line the parade route and observe the service.

    “I will be wearing my poppy with pride and I would urge everyone to do the same and show their support for the work of the Royal British Legion.”

    The public are advised city centre road closures will be in place on the morning of November 10 to enable the parade to take place.

    Wulfruna Street will be closed from 8.30am until 11am. The rest of the parade route will be closed to all traffic from 10.30am to allow the parade to march through safely and will reopen at approximately 10.50am.

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI United Kingdom: Appeal to trace relatives of the late Christopher Woolley

    Source: City of Wolverhampton

    Christopher Woolley, who was 42, was living in the Wednesfield area of Wolverhampton and previously lived in Essington. 

    Anyone who is related to Mr Woolley or has any information which may help trace his relatives is asked to please call Protection and Funerals Officer Diane Washbrook on 07967 769826 or email her via diane.washbrook@wolverhampton.gov.uk.

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI United Kingdom: UK Industrial Fusion Solutions stands-up to deliver STEP

    Source: United Kingdom – Government Statements

    The UK’s prototype fusion energy powerplant programme will be led by UK Industrial Fusion Solutions Ltd.

    Professor Sir Ian Chapman and Paul Methven – Image credit: UK Industrial Fusion Solutions Ltd.

    In a milestone moment on the journey to deliver the UK’s first prototype fusion energy plant, leadership of the STEP (Spherical Tokamak for Energy Production) programme today transitions to UK Industrial Fusion Solutions Ltd (UKIFS).

    UKIFS is a wholly owned subsidiary of UK Atomic Energy Authority (UKAEA) Group and has been established to lead a public-private partnership that will design, build and operate the STEP prototype plant at the West Burton site in Nottinghamshire.

    UKAEA will continue to be STEP’s fusion partner, working alongside two industry partners – one in engineering and one in construction – to spearhead the development of a UK-led fusion industry.

    A major procurement exercise is currently underway to select STEP’s strategic, long-term industry partners, with the shortlist expected to be announced by the end of the year.

    Paul Methven, CEO of UK Industrial Fusion Solutions and Senior Responsible Owner for STEP, said: “The launch of UK Industrial Fusion Solutions demonstrates significant progress and commitment to developing fusion as a viable clean energy source, and also to creating a UK-led fusion industry.

    “STEP is a national endeavour with global impact, and we will continue to work closely with public and private sector partners to ensure the UK remains at the forefront of a revolutionary sustainable new energy source that will drive economic growth.”

    STEP aims to pave the way for the commercial viability of fusion by demonstrating net energy, fuel self-sufficiency and a viable route to plant maintenance. The programme’s holistic approach was recently published in a special edition of Royal Society Journal, Philosophical Transactions A.

    Professor Sir Ian Chapman, CEO of UKAEA Group, said: “UKIFS brings together an experienced team dedicated to translating decades of fusion research into a functioning prototype plant that will be capable of supplying low-carbon, safe, and sustainable energy to the grid.  

    “UKIFS will integrate partners in a national endeavour to build STEP as well as focussing on delivering enormous social and economic benefits to the UK, especially for the East Midlands region where the plant will be built.”

    The West Burton site in Nottinghamshire was chosen as the home for STEP due to its infrastructure, proximity to skilled workforces, and community support for innovative energy solutions.

    For the latest updates about UK Industrial Fusion Solutions and the STEP programme, visit the newly launched website step.ukaea.uk or follow social channels @STEPtoFusion.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 1 November 2024

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI United Kingdom: Ofsted praise for children’s services following focused visit

    Source: City of Wolverhampton

    Those are the findings of the recent week long focused inspection of Children’s Social Care Services by Ofsted. Inspectors Gareth Dakin and Sophie Wales looked at the city’s arrangements for children in need or subject to a child protection plan, with a primary focus on services provided to children in need.

    And they concluded that the needs of children and families ‘are understood’ and that areas of improvement identified at the previous inspection in 2022 have been advanced, with practice ‘strengthened as a result’.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, said: “I am very proud of the fantastic work that our practitioners do, day in, day out, for vulnerable children, young people and families, and this brilliant report recognises this.

    “It is great that we had the opportunity to showcase our good practice through the focused inspection, and that Ofsted has confirmed that we are continuing to make excellent progress as we transform children’s social care services here in Wolverhampton.”

    Alison Hinds, Director of Children’s Services, added: “This is such a positive, reassuring report regarding our strong child focussed practice in the midst of what is a massive change programme in children’s social care, and I would like to thank everyone who was involved in the inspection in any way.”

    In their report published today (Friday 1 November, 2024), the inspectors found children receive an ‘effective and timely response’ when they are referred to the Children’s Assessment Team, with ‘comprehensive family help discussions and plans’ providing a clear and focused analysis of their needs.

    Thresholds are ‘well understood and consistently applied’, with most children receiving ‘a consistent and effective service’ from ‘skilled and committed practitioners who show patience, kindness and understanding’.

    Rigorous and detailed management oversight is described as a strength by inspectors, who say it ‘provides clear rationale, direction and decision making’ which ‘ensures that children do not need to wait for interventions to commence’.

    A new Family Help Service has been introduced and is ensuring that most children and their families are ‘provided with the right level and type of support at the right time’. There is ‘a strong recognition and consideration’ around the needs of children and families and, where risks and other needs are identified, these are responded to in a timely way.

    Children who present as homeless receive a ‘timely and proportionate response’, safe and appropriate accommodation, and care and support in line with their needs. When children go missing, skilled practitioners respond in a ‘proportionate and considered way’ to safeguard children and mitigate risk.

    Managers are supported by clear systems and processes, and collaborate with practitioners to ensure that ‘informed and timely decisions’ are made for children and families, with interventions appropriately escalated and de-escalated in a timely way.

    Inspectors also reported ‘strong relationships across the council and with safeguarding partners’ and a collaborative and coordinated approach to working with children and families’ which ensure that most children access ‘the right services at the right time’.

    Meanwhile, practitioners told inspectors that they ‘feel positive and proud to work for Wolverhampton’ and are having an impact on the lives of children and families. Senior leaders, managers and practitioners are ‘strengthening the practice culture in Wolverhampton so that it is shared and understood by all’ which is ‘reflected in the strength of work with children and families in Wolverhampton.’

    Ofsted will consider the findings from the focused inspection when it is planning future inspections or visits.

    MIL OSI United Kingdom –

    January 26, 2025
  • MIL-OSI Russia: They’ve done some chemistry! The Polytechnic University staged a bright scientific show

    Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The large auditorium of the SPbPU Chemistry Building hosted the immersive theatrical show “Discovering the World of Experiments,” organized by activists of the student chemistry association ChemTeam.

    The chemical show was organized with funds from a Polytech Project grant. In 2023, the project won funding, and its ideological inspiration was Mikhail Udovichenko, head of the student chemical association ChemTeam.

    A large team of activists of the association prepared for the show, who worked hard to make it exciting and amazing for the audience. Everyone was able to immerse themselves in the atmosphere of the chemical laboratory and get imbued with the story of the main characters, – said Mikhail.

    The project is designed to popularize science among young people. The show itself was held in the format of a bright theatrical production, where student actors presented the audience with an improvised story about the love of science.

    Actors of the performance: Mikhail Udovichenko (4th year IMMiT), Irina Karaman (2nd year IBSiB), Artem Gorshkov (4th year Physics and Mechanics), Artyom Tereshkov (2nd year IMMiT), Liza Tararina (2nd year IBSiB), Natalia Bolsunovskaya (2nd year IMMiT) , Anastasia Dykova (4th year Phys.Mech).

    Responsible for design and PR: Anastasia Zolotova (3rd year IBSiB), Anastasia Temryazanskaya (2nd year IMSiB), Polina Sorokina (2nd year IBSiB), Artem Guselnikov (3rd year IPMEiT).

    Responsible for the equipment and experiments: Dmitry Mukhin (1st year master’s degree student at IPPT) and Anton Zhukov (4th year student at IMMIT).

    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 China: China rolls out plan to promote nuclear technology application industry

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

    BEIJING, Nov. 1 — China aims to see the annual direct economic output value of its nuclear technology application industry hit 400 billion yuan (about 56 billion U.S. dollars) by 2026.

    The target was set in an action plan, recently jointly released by China Atomic Energy Authority, the National Development and Reform Commission and other departments, which aims to support the development of the nuclear technology application industry over the next three years.

    According to the plan, the development of nuclear technology application industry is an inevitable trend to promote the high-quality development of the nuclear industry, as well as an important means of supporting the transformation and upgrading of the national economy.

    By 2026, the independent innovation capability of China’s nuclear technology application industry will be significantly enhanced, and the industrial field will be further expanded, said the plan.

    Over the next three years, breakthroughs will be made in a number of key technologies, a number of innovation platforms will be built, and new enterprises will be cultivated, focusing on the application of nuclear technology in the fields such as medical diagnosis and treatment, agricultural breeding, food processing, safety and security, it added.

    MIL OSI China News –

    January 26, 2025
  • MIL-OSI Asia-Pac: HK to host Olympics body meeting

    Source: Hong Kong Information Services

    The 2024 General Assembly of the Association of National Olympic Committees (ANOC) announced yesterday the successful bid of Hong Kong, China to host the 2026 ANOC General Assembly.

    The ANOC comprises 206 National Olympic Committees (NOCs) and is responsible for protecting and advancing the interests of the world’s NOCs and supporting their mission of promoting Olympic values worldwide. The general assembly is the supreme governing body of the ANOC and a significant international sports event.

    Secretary for Culture, Sports & Tourism Kevin Yeung said the successful bid shows international confidence in Hong Kong’s ability to host major sports events. 

    The Hong Kong Special Administrative Region Government will fully support and guide the Sports Federation & Olympic Committee of Hong Kong, China in hosting this important international meeting, co-ordinating close co-operation between relevant government departments and various sectors including tourism and business, with a view to demonstrating the synergy between sports, convention and exhibition as well as tourism, giving full play to Hong Kong’s strengths in connecting with the world and telling good stories of Hong Kong.

    Under the arrangements of the Ministry of Culture of the Government of Portugal, Mr Yeung visited the Palácio Nacional da Ajuda yesterday morning and exchanged views with its curator on ways to promote culture exchanges through museums.

    Mr Yeung also met Secretary of State for Sport of the Government of Portugal Pedro Dias the day before to discuss the work and vision of the promotion of sports development in Hong Kong and Portugal.

    The sports chief then visited the Portuguese Football Federation’s Cidade do Futebol (Football City) in Lisbon, where he spoke to the federation’s president Fernando Gomes on exploring co-operation opportunities between the two places in promoting football development.

    He also toured Football City’s various facilities, including training and competition venues as well as ancillary facilities for sports medicine and science.

    Mr Yeung left Portugal for Hong Kong today.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Security: Detectives investigating a violent watch robbery in Greenwich are appealing for witnesses

    Source: United Kingdom London Metropolitan Police

    Detectives investigating a high value watch robbery in SE10 are appealing for witnesses or anyone with footage to come forward.

    At around 22:30hrs on Sunday, 27 October, three men, aged 20s, were walking on Millennium Way, Greenwich, when they were attacked from behind by a man armed with a heavy object – possibly a gas cannister.

    Two of the victims suffered head injuries while the third managed to escape unharmed and called police.

    A Rolex watch was stolen from one of the victims.

    The attacker is described as a white man with a beard. At the time of the attack he was wearing a white Nike T-shirt.

    Anyone who witnessed this incident or has information or footage should call police on 101 or post on X @MetCC quoting 8042/27OCT.

    To remain 100 per cent anonymous call the independent charity Crimestoppers on 0800 555 111 or visit Crimestoppers-uk.org.

    MIL Security OSI –

    January 26, 2025
  • MIL-OSI: HSBC Bank PLC: Post Stabilisation Notice

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) —

    Aercap Sukuk Limited

     Post Stabilisation Notice

    HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

    Issuer: Aercap Sukuk Limited
    Obligor (if any): International Lease Finance Corporation
    Initial Guarantors (if any): AerCap Holdings N.V., AerCap Global Aviation Trust, AerCap Aviation Solutions B.V., AerCap Ireland Limited, AerCap Ireland Capital Designated Activity Company and AerCap U.S. Global Aviation LLC
    Aggregate nominal amount: USD 500,000,000                   
    Description: 4.50% due 3rd October 2029     
    Offer price: 99.338                                        
    Stabilising Manager: HSBC Bank plc
       

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Bybit Web3 Introduces SpaceS: The First Meme-Fueled Fly-to-Earn Game on Telegram

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Nov. 01, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce that Bybit Web3 has launched SpaceS, a groundbreaking new game on Telegram that brings the popular phrase “to the moon” into a chaotic, meme-packed reality. In this first-of-its-kind fly-to-earn experience, players pilot through an unpredictable cosmic world filled with classic and new internet memes, delivering an irreverent twist on space exploration.

    “Blockchain gaming on Telegram introduces a new, approachable way for users to experience Web3,” said Emily Bao, Head of Spot and Web3 at Bybit. “SpaceS is a perfect game for those who want a break from the ordinary. It is a celebration of meme culture and a gateway to the next generation of Web3 interaction. We’re excited to see players explore this outlandish universe and connect over the shared internet culture.

    “We are excited about what the out-of-this-world spacefaring will bring, and trust the collective creativity will inspire the next Web3 gem at Bybit.”

    Reimagining Space, One Meme at a Time

    SpaceS turns the cold vastness of space into an internet-fueled playground. Players must dodge meme-inspired “asteroids” like Ghost Doges, Pumpkin-head Crying Jordans, and Vampire Pikachus, navigating a neon cosmos where the internet’s most iconic faces and figures replace cosmic debris. Each flight is a chaotic, laugh-out-loud journey through a universe as wild as the internet itself.

    A New Spin on Fly-to-Earn Gaming

    Combining the simplicity of retro mobile games with the culture of Web3, SpaceS is designed for meme lovers and gamers who crave something fresh. The game’s unique twist on classic fly-to-earn mechanics ensures that every run offers unpredictable encounters, with each narrowly avoided asteroid serving up a new meme moment to laugh—or cringe—at.

    Fly, Earn, and Laugh With Friends

    With an intuitive gameplay design that brings players straight into the action, SpaceS also emphasizes social interaction. Users can invite friends to form fleets, teaming up to survive the meme-laden cosmic madness together. Perfect for the Halloween season, SpaceS offers a nostalgic, meme-fueled adventure, turning space travel into a virtual trick-or-treating experience for crypto and meme enthusiasts alike.

    SpaceS is now available on Telegram for users looking for the most meme-packed adventure ever launched into the cosmos.

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3

    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.  

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

    Users can join the revolution now and open the door to your Web3 future with Bybit.

    For more details about Bybit Web3, users can visit Bybit Web3.

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    The MIL Network –

    January 26, 2025
  • MIL-OSI: Offentliggørelse af prospekter, Investeringsforeningen Maj Invest

    Source: GlobeNewswire (MIL-OSI)

    I forlængelse af gårsdagens børsmeddelelse vedrørende foreningens indgåelse af en ny hoveddistributionsaftale med Fondsmæglerselskabet Maj Invest A/S, offentliggøres hermed opdaterede prospekter for alle foreningens afdelinger.

    Prospekterne er blevet opdateret med nye estimerede løbende omkostningssatser samt en ændring i honoraret for Fondsmæglerselskabet Maj Invest A/S’ varetagelse af opgaven som hoveddistributør. 

    Prospekterne er vedhæftet denne meddelelse og kan ligeledes tilgås via foreningens hjemmeside.

    For eventuelle spørgsmål kontakt Lise Bøgelund Jensen, direktør i foreningens investeringsforvaltningsselskab, på telefon 33 28 28 28.

    Med venlig hilsen 

    Investeringsforeningen Maj Invest

    Attachments

    The MIL Network –

    January 26, 2025
  • MIL-OSI Asia-Pac: Appointments to Programme and Development Committee

    Source: Hong Kong Government special administrative region

    Appointments to Programme and Development Committee
    Appointments to Programme and Development Committee
    ***************************************************

         The Culture, Sports and Tourism Bureau announced today (November 1) appointments to the Programme and Development Committee (PDC) and its six Art Form Sub-committees (AFSCs), namely Music, Dance and Multi-Arts, Theatre, Chinese Traditional Performing Arts, Community and Festivals. All appointments are for a two-year term up to October 31, 2026.     The PDC and its six AFSCs comprise members of different backgrounds with a great wealth of professional expertise and relevant experience. The PDC and its six AFSCs advise the Leisure and Cultural Services Department (LCSD) on programme (including local, Mainland and overseas) strategies, plans, resource allocations and the support of budding and small-scale performing arts groups.     A spokesman for the Culture, Sports and Tourism Bureau thanked the Chairperson and members of the PDC and its AFSCs for their ardent support and invaluable contributions in the past years, including the outgoing Community Sub-committee Chairperson, Professor Winton Au Wing-tung, two outgoing PDC members, namely Ms Icy Lai Yin-ting and Mr Hanjin Tan, and 21 outgoing AFSCs co-opted members, namely Dr Au Yi-man, Mr Chan Wing-chuen, Mr Leo Cheung Kwok-wing, Ms Pewan Chow Pui-wan, Ms May Fung Mei-wah, Mr Nick Ho Lik-ko, Mr Ip Sai-hung, Ms Monica Kwok Kit-ling, Dr William Lai Chi-fu, Dr Linda Lai Chiu-han, Mr Maurice Lai Yu-man, Ms Eliza Li Pui-yan, Professor Lui Yu-hon, Ms Susan Pau Suk-hang, Ms Tang Mi-ling, Professor Wong Chuen-fung, Mr Kevin Wong Kin-wang, Ms Wong Tin-yee, Mr Johnny Yim Lai-hang, Mr Jacky Yu Yan-wah and Professor Nancy Yuen Miu-fun. He looked forward to receiving the valuable advice of the new PDC and its AFSCs on the performing arts programme plans and their implementation.     The membership list and terms of reference of the PDC are as follows:ChairpersonMr Tam Wing-pong MembersMr Chan Ching-kanMr Terence Chang Thomp-kwanMs Jessica Cheng*Ms Amanda CheungMs Margaret Cheung Kwok-wingMr Chiu Tsang-heiMr Ethan Kwok Chiu-lam*Ms Stella Lau Yin-lingMs Andrea Leung Tsui-shan*Ms Anna Lo Yee-kwan*Professor Johnny Poon Ming-lunMr Seto YokMr Tsang Man-tungMr Desmond Yip Koon-shingMs Karen Yu*Mr Chris Ip Ngo-tung (Ex-officio Member, Chairperson of Committee on Venue Partnership)Representative of the Culture, Sports and Tourism Bureau (Official Member)Representative of the Leisure and Cultural Services Department (Official Member) *Newly appointed membersTerms of reference     To advise the Director of Leisure and Cultural Services on the strategies on performing arts programmes: 

    the consideration of long-term programme presentation strategies such as

           – Art Form Sub-committee’s proposals on development strategies in support of budding and small-scale performing arts groups;       – proportion of local and visiting programmes; and       – venue-based programming and decentralisation of programmes;

    the consideration and endorsement of the LCSD’s annual programme strategies/directions, resource allocation and programme plans;
    the review progress of the implementation of the annual programme plans; and
    the interface with the Committee on Venue Partnership.

         The membership lists and terms of reference of the six AFSCs are in the Annex.

     
    Ends/Friday, November 1, 2024Issued at HKT 16:18

    NNNN

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: Online registration for free tickets to LCSD’s Cantonese Opera Day 2024 to start on November 6

    Source: Hong Kong Government special administrative region

         The annual Cantonese Opera Day, presented by the Leisure and Cultural Services Department (LCSD), will be held on November 24 (Sunday) afternoon at the Ko Shan Theatre and Ko Shan Theatre New Wing for the first time. The 22nd edition of the event, themed “Fun with Cantonese Opera, Joy at Ko Shan Theatre”, will feature a wide array of exciting performances and activities, which include Cantonese opera excerpt performances, demonstration sessions, workshops, a trial performance playground, talks, booth games, guided tours, autograph sessions and an exhibition. Members of the public are invited to join for free. Tickets are required for some of the performances and activities, which will be available through online registration starting November 6 (Wednesday) on a first-come, first-served basis. A small quantity of tickets will be reserved for walk-in participants while stocks last. The event is one of the programmes of the 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival.     Exciting programmes of this year’s Cantonese Opera Day include two Cantonese opera excerpt performances, namely “Up and Coming New Forces in Cantonese Opera” and “Child Cantonese Opera Stars Showcase”, featuring local talented young and child Cantonese opera performers respectively to showcase their learning outcomes. Audience members may also have the opportunity to sing classic Cantonese opera songs with veteran Cantonese opera stars and up-and-coming talent on the spot. Winners of primary and secondary school groups in the Hong Kong Schools Music Festival Cantonese Opera Competition and young Cantonese opera students will gather at the Ko Shan Culture Tea & Coffee for “Cantonese Operatic Songs Unplugged” and share their experience in learning Cantonese opera.     To enable participants to learn more about Cantonese opera, a world intangible cultural heritage item, from multiple perspectives, a number of workshops and demonstration sessions will be held on that day, covering stylised movements and postures, make-up, costume dressing, as well as miniature mask production. This year, the “Cantonese Opera Trial Performance Playground” is a newly added activity in which a Cantonese opera instructor will teach parents and their children to collaborate in performing a short segment of Cantonese opera, allowing them to experience the joy of acting and singing. The “Laugh and Craft: Cantonese Opera Playgroups” will feature a variety of family-friendly booth games such as quiz competitions and handicraft workshops to let members of the public have a taste of Cantonese opera culture. Talks on Cantonese opera culture and behind-the-scenes happenings, as well as guided tours of the Cantonese Education and Information Centre will also be arranged for participants. The Cantonese Opera Day features many fascinating programmes, and participants can redeem a souvenir by collecting stamps at designated locations while stocks last.     In addition, this year’s Cantonese Opera Day will once again feature the popular “Autograph Session” with Cantonese opera virtuosos such as Loong Koon-tin, Tang Mi-ling, Wan Fai-yin, Lau Wai-ming, Leung Siu-ming and Cheng Wing-mui. The “Cantonese Opera Art Exhibition”, which is co-ordinated by the Hong Kong Heritage Museum, will also be held at the Exhibition Gallery of the New Wing from November 19 to 24.      Tickets are required for some of the performances and activities on a first-come, first-served basis. Members of the public can collect free admission tickets through the following methods:Online registration ———————–     Online registration will be open from 10am on November 6 (Wednesday) at www.lcsd.gov.hk/CE/CulturalService/Programme/en/chinese_opera/programs_1799.html#tab_13_0. For “Up and Coming New Forces in Cantonese Opera” youth Cantonese opera excerpt performances and the “Child Cantonese Opera Stars Showcase” child Cantonese opera excerpts performances, each person is entitled to register for one of the performances only and obtain a maximum of two tickets with free seating. For workshops, demonstration sessions, talks and the “Cantonese Opera Trial Performance Playground”, each person is entitled to register for two of the activities only and obtain a maximum of two tickets for each activity with free seating. Ticket availability will be on a first-come, first-served basis while stocks last. On-site ticket distribution —————————      Tickets for the child Cantonese opera excerpt performances “Child Cantonese Opera Stars Showcase” and the youth Cantonese opera excerpt performances “Up and Coming New Forces in Cantonese Opera” will be distributed at the Foyer areas of Ko Shan Theatre and New Wing respectively from 1.45pm on the event day (November 24). Tickets for workshops, demonstration sessions, talks and the “Cantonese Opera Trial Performance Playground” will be distributed at the entrance of individual venues 15 minutes before the commencement of the activities. Each person is entitled to one ticket with free seating, distributed on a first-come, first-served basis while stocks last.     Limited seats are available at the “Cantonese Operatic Songs Unplugged” on a first-come, first-served basis. Admission is free and no admission ticket is required for the “Autograph Session”, “Laugh and Craft: Cantonese Opera Playgroups” game booths and the “Cantonese Opera Art Exhibition”. Members of the public are welcome to join on the spot.     For venues and time of the performances and activities of Cantonese Opera Day 2024, please see the Annex. For related event and ticketing information, please visit www.lcsd.gov.hk/CE/CulturalService/Programme/en/chinese_opera/programs_1799.html or call 2268 7325.     In support of Cantonese Opera Day 2024, the “Your Memories with the Timeless Theatre” interactive exhibition, organised by the Yau Ma Tei Theatre of the LCSD, is being held at the Red Brick Building, 8 Waterloo Road, Kowloon. An online version of the exhibition is also available. Please visit the above-mentioned website for the relevant programmes and web links.     Hong Kong is the host city of the Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival for the first time. It organises and co-ordinates over 260 performances and exchange activities to be held across the “9+2” cities of the Greater Bay Area. The festival aims to showcase the vibrant and diverse cultural richness of the region and foster cultural exchanges and co-operation among the cities. For detailed information about the festival, please visit www.gbacxlo.gov.hk.

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: Provisional statistics of retail sales for September 2024

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest figures on retail sales today (November 1).     The value of total retail sales in September 2024, provisionally estimated at $29.6 billion, decreased by 6.9% compared with the same month in 2023. The revised estimate of the value of total retail sales in August 2024 decreased by 10.0% compared with a year earlier. For the first 9 months of 2024 taken together, it was provisionally estimated that the value of total retail sales decreased by 7.6% compared with the same period in 2023.     Of the total retail sales value in September 2024, online sales accounted for 10.4%. The value of online retail sales in that month, provisionally estimated at $3.1 billion, decreased by 11.8% compared with the same month in 2023. The revised estimate of online retail sales in August 2024 decreased by 0.7% compared with a year earlier. For the first 9 months of 2024 taken together, it was provisionally estimated that the value of online retail sales decreased by 2.0% compared with the same period in 2023.     After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in September 2024 decreased by 8.7% compared with a year earlier. The revised estimate of the volume of total retail sales in August 2024 decreased by 11.7% compared with a year earlier. For the first 9 months of 2024 taken together, the provisional estimate of the total retail sales decreased by 9.2% in volume compared with the same period in 2023.     Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing September 2024 with September 2023, the value of sales of commodities in supermarkets decreased by 1.1%. This was followed by sales of electrical goods and other consumer durable goods not elsewhere classified (-7.6% in value); jewellery, watches and clocks, and valuable gifts (-17.9%); food, alcoholic drinks and tobacco (-3.2%); wearing apparel (-8.7%); medicines and cosmetics (-2.5%); commodities in department stores (-11.4%); motor vehicles and parts (-26.7%); fuels (-8.6%); furniture and fixtures (-14.4%); footwear, allied products and other clothing accessories (-3.8%); Chinese drugs and herbs (-17.7%); and optical shops (-10.6%).     On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 2.9% in September 2024 over a year earlier. This was followed by sales of books, newspapers, stationery and gifts (+20.3% in value).     Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales decreased by 1.0% in the third quarter of 2024 compared with the preceding quarter, while the provisional estimate of the volume of total retail sales decreased by 2.0%.Commentary     A government spokesman said that the value of total retail sales continued to decline in September from a year earlier, but the rate of decline narrowed. On a seasonally adjusted month-to-month comparison, the value of total retail sales recorded an increase.     Looking ahead, the spokesman said that the near-term performance of the retail sector would continue to be affected by the change in consumption patterns of residents and visitors. Nevertheless, an improved outlook for the Mainland economy following the recent introduction of a wide range of stimulus measures, and a possible easing of the Hong Kong dollar alongside the US dollar with the commencement of the US interest rate cut, would be conducive to boosting sentiment and supporting spending. In addition, the Central Government’s various measures benefitting Hong Kong, the SAR Government’s various initiatives to boost market sentiment and increasing employment earnings would also benefit the retail sector.     The spokesman added that the Policy Address this year includes various measures that would benefit the retail sector, such as developing new tourist hotspots, relaxing visa application criteria for some ASEAN countries, and boosting “silver consumption”. The Policy Address has also launched a series of measures to assist small and medium enterprises (SMEs), including those in the retail sector, in addressing the challenges encountered in the process of economic restructuring. These include relaunching the principal moratorium under the SME Financing Guarantee Scheme to ease the repayment pressure of enterprises, expanding the geographical coverage of E-commerce Easy to the 10 ASEAN countries, and relaunching the Hong Kong Shopping Festival in the next two years to help SMEs develop e-commerce business to expand their markets. These measures would help the retail sector in transitioning through the economic restructuring period and improve its prospects.Further information     Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for August 2024 as well as the provisional figures for September 2024. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first 9 months of 2024 taken together are also shown.     Table 2 presents the revised figures on value of online retail sales for August 2024 as well as the provisional figures for September 2024. The provisional figures on year-on-year changes for the first 9 months of 2024 taken together are also shown.     Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for August 2024 as well as the provisional figures for September 2024. The provisional figures on year-on-year changes for the first 9 months of 2024 taken together are also shown.     Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.     The classification of retail establishments 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.     These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.     The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.     Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.     More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).     Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel. : 3903 7400; E-mail : mrs@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: Licence applicants to provide verified e-contact means to TD starting from November 18 (with photos)

    Source: Hong Kong Government special administrative region

    Licence applicants to provide verified e-contact means to TD starting from November 18 (with photos)
    Licence applicants to provide verified e-contact means to TD starting from November 18 (with photos)
    ******************************************************************************************

         The Transport Department (TD) today (November 1) reminded members of the public that, from November 18, 2024, applicants for the new issue or renewal of 21 driving and vehicle licences must provide and verify a Hong Kong mobile phone number or email address as an e-contact means (ECM) for receiving electronic messages issued by the Hong Kong Police Force and the TD in future, in preparation for the Traffic e-Enforcement System to be implemented gradually in the first half of 2025.     Starting from November 18: 

    “Online applications, instant verification”: The TD encourages the public to submit licence applications online, so that they can provide and instantly verify the ECM using a one-time password (OTP) during the application process, thereby saving time and enjoying convenience;
    “Applications in paper form, verification via designated platform”: If a paper application is necessary, the applicant must provide and verify the ECM via OTP on the TD’s designated online platform within three months prior to application submission, and provide the same verified ECM in the application form before submission. The designated online platform will be launched at 10am on November 4;
    The verified ECM will only be updated in the applicant’s records of driving licence and/or all vehicle(s) registered under his/her name after the application concerned has been approved to ensure that it is accurately updated;
    If an ECM cannot be provided or verified, or if the ECM provided is inconsistent with the verification record, the application cannot be processed;
    For any change of ECM, the applicant must notify the TD within 72 hours of the change through the online services in GovHK or by submitting form TD559;
    Holders of licences that have not yet expired do not need to rush to provide and verify the ECM early; and
    Driving licence holders who have not provided an ECM to the TD before are also welcome to provide and verify their ECM through the online services in GovHK or by submitting form TD559.

         A spokesman for the TD said, “Providing a frequently used and verified ECM is of utmost importance. If the Hong Kong mobile phone number or email address is incorrect or not frequently used, the licence holder will not be able to receive notifications issued by the Police and the TD, which may result in e-Tickets and tunnel tolls not being paid timely, and may need to bear the legal responsibilities such as penalties or surcharges. Applicants must ensure that their Hong Kong mobile phone number or email address is correct. If different ECMs are provided or verified at different times, the latest record will replace the old one, rendering the original ECM invalid.”     Applicants providing a Hong Kong mobile phone number as their ECM should note that the TD has participated in the SMS Sender Registration Scheme under the Office of the Communications Authority. SMS messages issued by the TD will bear the ID “#TDeContact” with the prefix “#” for easy authentication. The TD will not send SMS messages or emails with hyperlinks.     From September 2024, the TD has held over 10 briefings for the transport sector, including the goods vehicle, taxi, public light bus and non-franchised bus trades, as well as stakeholders covering driving schools, vehicle dealers and financial institutions, which handle first registration of new vehicles and application for vehicle licences for their clients, to brief them on the new legal requirements regarding provision and verification of ECM. The TD will issue letters in batches to holders whose licences will soon expire, informing them of the detailed steps for providing and verifying an ECM. The TD will also deploy service ambassadors at its four Licensing Offices and the Cross Boundary Unit from November 4 to assist the public in submitting applications and verifying their ECM.     The passage of the Electronic Traffic Enforcement (Miscellaneous Amendments) Bill 2023 by the Legislative Council on June 19, 2024, provides a legal basis for the Police to serve fixed penalty notices against traffic offences or contraventions by electronic means; it also requires registered owners of vehicles, holders of various types of licences and permits, and holders of driving licences to provide the TD with their ECM in their applications. The Government then published in the Gazette that relevant provisions on collecting ECM would be implemented on November 18.     The public may refer to the TD’s thematic webpage, HKeMobility mobile application and Agent T Facebook page (www.facebook.com/AgentT.hk), or call the hotline at 2804 2600 for details.

     
    Ends/Friday, November 1, 2024Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

    January 26, 2025
  • MIL-OSI Asia-Pac: The Ministry of Economic Affairs Invites Offshore Wind Developers to Discuss Prompt Grid Connection at the agreed-upon schedule

    Source: Republic Of China Taiwan 2

    To ensure prompt grid connection of wind farms and adequate supply of green electricity, the Ministry of Economic Affairs (MOEA) held a symposium on September 23rd, with offshore wind farm developers to discuss issues encountered in achieving timely grid connection. Industry representatives raised topics such as follow-up actions for the Industrial Relevance Policy, geological survey regulations, and state-owned banks’ participation in financing.

    The MOEA stated that it is currently in consultation with the EU under the WTO framework. Adhering to the principle of mutual trust, the consultation results need to be kept confidential, thus no detailed information can be disclosed at the moment. Nonetheless, the atmosphere of the consultations is positive, with efforts being made towards settling, and the MOEA is planning to loosen up the Industrial Relevance Policy. The MOEA explained that as long as the wind farms are completed on time and connected to the grid in compliance with public interest and relevant laws, the administrative departments will assist developers in overcoming related obstacles. Regarding the Industrial Relevance Policy involving force majeure or unattributable reasons, the Industrial Development Administration of the MOEA will follow general principles and adopt a case-by-case review approach, aiming to complete relevant reference models by the end of September to help developers complete wind farm installations on schedule.

    In response to the industry’s proposal for state-owned banks to participate in the offshore wind farm financing, the MOEA also mentioned that it had arranged for representatives from the National Development Council, the Ministry of Finance, the Financial Supervisory Commission, and state-owned banks, to visit offshore wind farms by the end of September, where they exchanged views on offshore wind farm financing issues, provided practical experience to banking industry representatives, and establish trust for the fiance of offshore wind farms, thereby creating a healthy financing environment.

    The MOEA emphasized that domestic corporate users have a significant and competitive demand for green electricity for exports (such as RE100) and that advanced manufacturing processes require higher proportions of green energy. Increasing the proportion of green electricity in Taiwan’s manufacturing by 2030 has become a priority. The MOEA will continue cooperating with offshore wind power developers to provide sufficient green electricity and enhance the international competitiveness of Taiwan’s industries.

    Spokesperson for Energy Administration, Ministry of Economic Affairs: Deputy Director General, Chun-Li Lee
    Phone: 02-2775-7700, 0936-250-838
    Email: chunlee@moeaea.gov.tw

    Business Contact: Director, Chung-Hsien Chen
    Phone: 02-2775-7770, 0919-998-339
    Email: ctchen2@moeaea.gov.tw

    MIL OSI Asia Pacific News –

    January 26, 2025
←Previous Page
1 … 4,977 4,978 4,979 4,980 4,981 … 5,934
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress