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  • MIL-OSI New Zealand: Assessments – New Zealand, UK, and Australia lead global list of economies engaging in sustainable trade best practices

    Source: Hinrich-IMD Sustainable Trade Index 2024

    New Zealand has topped the Hinrich-IMD Sustainable Trade Index (STI) 2024 for the third consecutive year, with the United Kingdom (UK) following in second place and Australia securing third. 

    The Index measures how well trade contributes to mutually beneficial and balanced economic, social, and environmental outcomes among 30 trading economies. (ref. https://www.hinrichfoundation.com/research/wp/sustainable/sustainable-trade-index-2024 )

    New Zealand (first) retains its top spot for the third consecutive edition and leads the environmental dataset.

    The UK is second for the third edition in a row. However, it does perform worse than in 2023 in the economic dataset.

    Australia (third) has risen two positions since last year. Its greatest progress is in the environmental dataset.

    Crucially, building “workforce resilience” is becoming a major goal of governments and the private sector worldwide, the report signals. This means having a healthy, educated, and unexploited workforce, which allows economies to better withstand shocks and seize emerging opportunities. “National resilience” and “environmental resilience” are also key concerns.

    “Workforce resilience” is part of a broader trend to encourage “societal resilience,” the authors say. Societal resilience is the effect of investments that foster both economic and social stability. New Zealand, Canada, Australia, Taiwan, and Singapore do best here.

    The Index is a joint project between the Hinrich Foundation and the International Institute for Management Development (IMD) and is in its third year.

    It measures 30 economies, including members and applicants of major trade alliances, such as the Asia-Pacific Economic Cooperation (APEC), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP).

    “The STI allows us to track how effectively trading economies are meeting the three pillars of sustainability: economic growth, societal advancement, and environmental stewardship. Achieving balanced outcomes between the three pillars is essential for resilience,” said Kathryn Dioth, CEO of the Hinrich Foundation.

    “By investing in human capital, countries can build adaptable workforces capable of thriving amid economic fluctuations and global challenges,” said Christos Cabolis, Chief Economist of the IMD World Competitiveness Center, which led the research for IMD.

    Other major findings include:

    ·         Global trade is increasingly shaped by protectionist regulations, where economies favor policies that strengthen domestic industries and secure supply chains. This shift toward industrial policy, aimed at building economic resilience, marks a long-term trend, resulting in the fragmentation of the global trading system.

    ·         Addressing climate resilience is complex because tackling climate change often requires regulatory interventions, whereas global trade flourishes with fewer barriers. The emergence of climate and trade agreements that promote trade in environmental goods and services could balance the dual objectives of open trade while addressing climate change. 

    ·         A few mid-ranking economies have shown consistent progress or stability over the last three years (2022-2024). Amongst them, Thailand gained three spots in the STI from 2022 to reach 12th place this year, Vietnam recorded a six-place rise, and Chile held a steady position at 11th across the three years.

    The Index measures 72 data points, categorized into three “pillars”: economic, societal, and environmental, considered by the researchers to be the main axes of sustainable trade. They represent economic growth, societal well-being, and environmental stewardship, respectively.

    A new indicator measuring universal health coverage (UHC) from the WHO’s Global Health Observatory (GHO) was introduced to the societal pillar in this edition.

    About the Hinrich Foundation

    The Hinrich Foundation is an Asia-based philanthropic organization that works to advance mutually beneficial and sustainable global trade. We believe sustainable global trade strengthens relationships between nations and improves people’s lives. We support original research and education programs that build understanding and leadership in global trade. Our approach is independent, fact-based, and objective. We are an authoritative source of knowledge, sharp analysis, and fresh thinking for policymakers, business, media, and scholars engaged in global trade.

    hinrichfoundation.com

    MIL OSI New Zealand News –

  • MIL-OSI USA: LaLota Hosts Leaders from Suffolk Veterans’ Community

    Source: United States House of Representatives – Representative Nick LaLota (NY-01)

    ROCKY POINT, NY – Rep. Nick LaLota (R-Suffolk County), a Navy Veteran, held a Veterans Roundtable at the Rocky Point VFW with key stakeholders and subject-matter experts to discuss the numerous issues facing Long Island’s Veteran community.

    “As a Navy veteran, I deeply appreciate everyone who joined our roundtable in Rocky Point. Hearing directly from those on the front lines of veterans’ issues is crucial in tackling the challenges our service members face every day,” said LaLota. “I am fully committed to ensuring that those who served our great country receive the care and support they’ve earned. By working closely with local leaders and advocates, we can enhance the quality of care for veterans and make sure no one who wore the uniform is left behind.”

    Background:

    The roundtable discussed the following issues:

    • Veteran mental health, including LaLota’s Joseph P. Dwyer Peer Support Program Act;
    • Improving healthcare options for Veterans, including increasing VA access and LaLota’s Liver Fluke Cancer Study Act;
    • Housing for Veterans, including the lack of affordable housing options and the high number of homeless Veterans including LaLota’s Supporting Veteran Families in Need Act;
    • Issues at the Northport VA, including ongoing construction updates and hospital conditions, and
    • State Veterans Homes issues, including the high cost of medications and the need for more specialty care.

    The following individuals took part in LaLota’s Veterans Roundtable:

    • Suffolk County Legislature Majority Leader and Legislator Nick Caracappa, Chairman, Veterans Committee
    • Marcelle Leis, Director, Suffolk County VSA
    • Tom Ronayne, Former Director, Suffolk County VSA
    • Fred Sganga, Director, Long Island State Veterans Home
    • Francis Amalfitano, President & CEO, United Veterans Beacon House
    • Bill Hughes, Commander, Suffolk County VFW, District 11
    • Kenneth Dolan, Legislative Chair, Suffolk County American Legion
    • Mel Cohen, Vietnam Veterans of America
    • Rich Dellasso, Economic Opportunity Council of Suffolk – Veterans Affairs
    • Nancy Tappin, Joseph P. Dwyer Veterans Peer Support Project
    • Joe Cognitore, Commander of the Rocky Point VFW Post 6249
    • Several staff members of the House Veterans Affairs Committee

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Tenney Hosts Vietnam Veteran Pinning Ceremony in Wayne County

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Victor, New York—Congresswoman Claudia Tenney (NY-24) today honored 40 Vietnam veterans from the Finger Lakes Region during a Vietnam War Commemorative Pinning Ceremony at the Veterans of Foreign Wars Memorial Post in Lyons. 

    Tenney was joined at the event by New York State Senator Pam Helming, Assemblywoman Marjorie Byrnes, Assemblyman Brian Manktelow, and Assemblyman Jeff Gallahan. 

    Tenney awarded each veteran a commemorative Vietnam Veteran Lapel Pin, symbolizing the nation’s heartfelt gratitude for their service. This pin, an emblem of honor, is part of a national initiative to acknowledge and thank veterans who served during the Vietnam War. In August, Tenney honored 30 Vietnam veterans at a similar ceremony in Oswego County as part of her ongoing initiative to pay tribute to the brave men and women who served during the Vietnam War and their families for their selfless sacrifice. 

    “For many Vietnam veterans, the service and the struggles they endured went unrecognized for far too long. Today, we strove to right that wrong, by showing them the respect, honor, and appreciation they have always deserved. By hosting these commemorative pining events, I hope to convey our deep appreciation for the courage and resilience of these veterans. It was an honor to present these 40 Vietnam veterans from our community with a small token of our nation’s gratitude for their selfless sacrifice. Thank you to these individuals and their families for their profound sacrifice and unwavering dedication to our great nation,” said Congresswoman Tenney.

    “For many of our Vietnam veterans, coming home meant quietly putting away memories of service. But today, as you stand together, I hope you feel the strength of connection, with fellow veterans, your families, and all of us who honor you. It’s never too late to celebrate and recognize our veterans as heroes. Our younger generations need your stories, your wisdom, and your example,” said Senator Helming. 

    “This is a great opportunity to show our Vietnam veterans the respect and appreciation that they deserve. When I think about the heroes welcome that these brave men and women didn’t receive 40 years ago, I am beyond heartbroken. I applaud Congresswoman Tenney for her actions to ensure that every Vietnam Veteran receives the recognition and support that they deserve. Today is just one of many days that we honor and recognize their bravery and heroism,” said Assemblyman Manktelow.

    “I would like to thank Congresswoman Tenney for bringing us all together to honor the brave men and women who put their lives on the line in service to our country. As a representative for New York’s Finger Lakes region, I have always been proud to recognize our Veterans and thank them for their courage and willingness to make the ultimate sacrifice for the freedoms we all so deeply cherish. Unfortunately, many of our Vietnam Veterans did not receive the hero’s welcome home they deserved. The goal of this commemorative pinning ceremony is to give these Veterans that formal ‘welcome home’ and I could not be happier to be a part of such a special event,” Assemblyman Gallahan. 

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    MIL OSI USA News –

  • MIL-OSI USA: Amid Funding Shortfall, Rep. Pettersen, Local Leaders Visit Edgewater Elementary School Kitchen, Call for Robust Federal Funding for School Nutrition Programs

    Source: United States House of Representatives – Representative Brittany Pettersen (Colorado 7th District)

    Amid Funding Shortfall, Rep. Pettersen, Local Leaders Visit Edgewater Elementary School Kitchen, Call for Robust Federal Funding for School Nutrition Programs

    Edgewater, October 17, 2024

    EDGEWATER – U.S. Representative Brittany Pettersen (CO-07) visited Edgewater Elementary School with leaders from Nourish Colorado and local school nutrition officials to tour the kitchen and advocate for increased federal support for school nutrition programs.

    As a state legislator, Pettersen sponsored the referred measure that voters passed to create the Healthy School Meals for All (HSMA) program, which provides funding to schools like Edgewater Elementary to offer free breakfast and lunch to all students in public schools. Currently, HSMA is projected to face a funding shortfall this school year. This also comes as recent federal policy proposals outlined devastating cuts to federal nutrition programs, jeopardizing children’s access to free school meals. During the visit, Pettersen discussed the School Meals Expansion Act, legislation she supports to allow more schools to provide meals to students and ensure schools can continue to provide nutritious meals to Colorado children. 

    “Having access to healthy, nutritious meals is the foundation for any child to focus on learning and to thrive in the classroom,” said Pettersen. “I’m proud to have sponsored the referred measure that voters passed to create the Healthy School Meals for All program, which has been a lifeline for families across Colorado – but we must work together across all levels of government to ensure programs like this can be successful. In Congress, I am working to support robust federal funding for school nutrition programs, so no child goes hungry in our schools.” 

    MIL OSI USA News –

  • MIL-OSI USA: Sorensen Demands Answers from Deere & Company Regarding Layoffs

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    ROCK ISLAND, IL – Today, Congressman Eric Sorensen (IL-17) sent a letter to Deere & Company’s leadership demanding answers regarding their recently announced round of layoffs.  

    “I write to express my deep concern with the continued rounds of layoffs that have impacted more than 2,000 workers this year alone,” Sorensen wrote in the letter. “These losses hit our Quad Cities community hard. With declining sales, I recognize the challenging business climate you must operate within. However, I remain concerned that Deere & Company has not been forthcoming with your employees and the community about your plans.” 

    Read the full letter to Deere & Company CEO John C. May below. 

    John C. May  

    Chief Executive Officer  

    Deere & Company 

    One John Deere Place  

    Moline, IL 61265  

    Dear Mr. May:  

    I write to express my deep concern with the continued rounds of layoffs that have impacted more than 2,000 workers this year alone. These losses hit our Quad Cities community hard. With declining sales, I recognize the challenging business climate you must operate within. However, I remain concerned that Deere & Company has not been forthcoming with your employees and the community about your plans. 

    As a Quad Citizen, I have always been proud to share a hometown with John Deere. Every time I fly back over the corn and soybean fields of western Illinois, I look down at the landscape dotted with green John Deere tractors. On my Congressional trips around the world, I see the same. Our region feeds and fuels the world, from the men and women at Harvester Works who assemble the machines to the family farmers who drive them. This is a special place with a special way of life.   

    In my position on the House Agriculture Committee, I have done everything within my power to create favorable market conditions for our U.S. agricultural manufacturing sector, our family farmers, and our workers. I understand that times are tough with a global production slowdown, declining grain prices, and rising input costs. I know that Deere & Company must make tough decisions in a competitive market environment. At the same time, your company reported $1.3 billion in profit last quarter. As CEO, you took home $26.7 million last year, 284 times more than the average worker, and a $6 million increase over the previous year. That isn’t fair to the workers whose efforts made Deere’s profits — and your generous executive compensation package — possible.   

    I request a detailed understanding of your plans to avoid future layoffs. 

    1. What steps is Deere & Company taking to prevent future layoffs?  
    1. Understanding that the business climate demands cost-cutting measures and sacrifice, what salary and bonus adjustments does Deere & Company plan to make at the executive level?   
    1. What steps are you taking to keep jobs – both salaried and production – here in the Quad Cities?  
    1. What steps will you take to help laid off employees find new employment?  
    1. Will you commit to keeping employees and the community fully apprised of your plans moving forward? 

    I am committed to ensuring our world class workers receive the opportunities and respect they deserve. I look forward to your prompt response.  

    Congressman Eric Sorensen serves on the House Committee on Agriculture and the House Committee on Science, Space, and Technology. Prior to serving in Congress, Sorensen was a local meteorologist in Rockford and the Quad Cities for nearly 20 years. His district includes Illinois’ Quad Cities, Rockford, Peoria, and Bloomington-Normal.

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    MIL OSI USA News –

  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement with Tanzania on the Fourth Review of the Extended Credit Facility and the First Review of the Resilience and Sustainability Facility

    Source: IMF – News in Russian

    October 17, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Tanzanian authorities and the IMF have reached staff-level agreement on the fourth review under the Extended Credit Facility (ECF) and the first review under the Resilience and Sustainability Facility (RSF).
    • Economic growth momentum is picking up in 2024 with improved external and fiscal balances and low inflation. Policy priorities continue to be focused on enhancing exchange rate flexibility, strengthening the monetary policy framework, continuing to implement growth-friendly fiscal consolidation, enhancing domestic revenue mobilization, and expediting structural reform implementation.
    • The RSF is supporting the authorities’ efforts to advance structural reforms and investments in adaptation and mitigation to address risks and challenges associated with climate change.

    Washington, DC: A staff team from the International Monetary Fund (IMF) led by Mr. Charalambos Tsangarides, IMF mission chief for Tanzania, visited Dodoma and Dar es Salaam from October 2 to 17, 2024, to hold discussions with the authorities on the fourth review under the Extended Credit Facility (ECF) and the first review under the Resilience and Sustainability Facility (RSF). Subject to approval by the IMF Executive Board,  the review will make available SDR198.61 million (about US$265.78 million), bringing the total IMF financial support under the ECF arrangement to SDR568.84 million (about US$758.11 million), and SDR85.24 million (about US$114.07 million) under the RSF.

    At the conclusion of the mission, Mr. Tsangarides issued the following statement:

    “I am pleased to announce that the IMF team and the Tanzanian authorities have reached a staff-level agreement on the policies needed to complete the fourth review under Tanzania’s ECF-supported program, and the first review of the RSF arrangement. The IMF’s Executive Board will discuss these requests in the coming weeks.

    “The momentum in Tanzania’s economy is continuing in 2024 with economic activity growing at about 5.4 percent in the first half of 2024 after an annual growth of 5.1 percent in 2023. Inflation in September remained stable at 3.1 percent (yoy), well within the Bank of Tanzania (BoT) target. Earlier headwinds to the economy have subsided, and improved liquidity in the foreign exchange market has alleviated some of the shortage in the formal market, although pressures remain. The outlook is favorable, with growth expected to pick up to 5.4 percent in 2024; however, risks are tilted to the downside as intensification of regional conflicts, increased commodity price volatility, a global slowdown, reemergence of FX pressures in the first half of 2025, and climate related disasters, could weigh negatively on the economy.

    “The current account deficit improved markedly to about 3.1 percent of GDP in FY2023/24 from 6.5 percent of GDP the previous year, on the back of strong service exports growth and a slowdown in imports of goods and services helped by lower commodity prices. Improvements in the current account balance year-on-year, a 13 percent exchange rate depreciation over the same period, and the seasonal inflows of dollars in the second half of the year have helped ease some of the foreign exchange market pressures. The BoT remains committed to continue to allow exchange rate flexibility to ensure a market determined exchange rate, while limiting FX interventions to avoid disorderly market conditions, in line with its intervention policy. Maintaining a moderately tight monetary policy stance will complement efforts to ease pressures in the FX market, while preserving price stability.

    “Fiscal consolidation in FY2023/24 was achieved through improvements in tax revenue collections and adjustments in current spending. The FY2024/25 budget envisages continued growth-friendly consolidation, supported by tax policy and revenue administration efforts. The government is committed to increase priority social spending to protect the most vulnerable. The authorities’ structural reform agenda aims to support a resilient, sustainable, and inclusive growth through improving the business environment and strengthening governance.

    “At its meeting in October, the BoT Monetary Policy Committee maintained the policy rate, the Central Bank Rate, at 6 percent, to contain emerging inflationary pressures. The BoT will continue to calibrate its monetary policy to maintain low and stable prices, while safeguarding the recovery of economic activities from the impacts of global economic shocks and unfavorable weather conditions.

    “Supported by the RSF, the authorities are implementing their climate reform agenda to address climate policy challenges and enhance the resilience and sustainability of the Tanzanian economy. Efforts are underway to clearly define the institutional framework for climate change related policies and strengthen public investment management in line with climate impacts and risks. Progress on the implementation of the RSF reforms continues, and the authorities are mobilizing technical and financial assistance from development partners.

    “The mission met with Minister of Finance, Dr. Mwigulu Nchemba, Bank of Tanzania Governor, Mr. Emmanuel Tutuba, other senior officials, development partners, and private sector representatives. The IMF team would like to thank the Tanzanian authorities and other counterparts for their hospitality, and the candid and productive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/17/pr-24378-tanzania-imf-reaches-staff-level-agreement-on-the-4th-rev-of-ecf-and-1st-rev-of-rsf

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Australia: $150 million in grant funding to ease financial pressures for Aussies doing it tough

    Source: Ministers for Social Services

    The Albanese Labor Government has committed around $150 million each year to supporting Australians experiencing financial hardship with the opening of multiple grant rounds today for Financial Wellbeing and Capability programs.

    From 1 July 2025, the new 5-year grants will ensure a range of financial wellbeing services are available for vulnerable individuals and families, from pre-crisis and early supports, to financial crisis response, recovery and resilience supports.

    In addition to supporting the financial wellbeing of Australians, these grant rounds continue to deliver on the Government’s commitment for longer term grant agreements, where they are appropriate, to provide certainty for service providers delivering these critical services. They will also allow the sector to plan, collaborate and innovate.

    Applications are now open for the following grant programs:

    • Emergency Relief
    • Food Relief (and Material Aid)
    • Commonwealth Financial Counselling and Financial Capability
    • Financial Counselling for Gambling
    • Financial Wellbeing Hubs.

    Closed grant processes will follow for the National Debt Helpline, No Interest Loans Scheme (NILS), NILS for Vehicles, Saver Plus and Financial Counselling and Capability Sector Support programs.

    Minister for Social Services, Amanda Rishworth said that the opening of the grant rounds is a demonstration of the Government’s long-term commitment to improving services for Australians doing it tough, and to supporting community organisations across the country.

    “The Albanese Labor Government understands that financial wellbeing providers such as Emergency Relief and Food Relief organisations play an essential role in the supply of frontline support services and are critical to the ongoing support for communities across Australia,” Minister Rishworth said.

    “It is clear now more than ever, during this cost-of-living crisis, that the Government continues to do all that we can to help out the most vulnerable members of our community. This is a commitment that we are taking very seriously, which is why this funding is designed to provide financial counselling services, or access to fair and safe no interest loans, or food relief for those in need.

    Since 2022, the Australia Government has committed an additional $170.9 million through the Financial Wellbeing and Capability Activity, with these grant rounds building on recent investments.

    “We want to cover all bases, and ensure our grants respond to client and community demand, have national coverage including in regional, remote, and rural areas but also have a focus on pre-crisis supports to build long-term financial capability and resilience.”

    Ongoing funding has increased to around $150 million each year representing the highest investment by government in financial wellbeing programs. 

    Minister Rishworth said this latest grant funding will allow providers to provide immediate and targeted support to people in financial crisis, including from unexpected life events or financial shocks, cost-of-living pressures and natural disasters.

    “Our government recognises the growing demand for financial wellbeing services throughout the nation, and these grants represent our continuous and growing approaches to support the organisations that support you.”

    Organisations can apply for grant rounds by visiting the GrantConnect website at http://www.grants.gov.au.

    Current Financial Wellbeing and Capability services continue to be available now for individuals and communities. Details and locations of nearby funded providers are available on the Department Of Social Services website.
     

    MIL OSI News –

  • MIL-OSI: EBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan Events

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), in partnership with DiNapoli Experts, is proud to host ‘Harnessing the Power of DiNapoli Indicators to Conquer Black Swan Events,’ an exclusive gathering that brought together financial experts, traders, investors, and economic strategists to explore key strategies for navigating volatile markets. This event, part of EBC’s broader commitment to thought leadership in finance, offered critical insights not only for traders but for those seeking a deeper understanding of global financial trends, including the impacts of geopolitical tensions, inflation, and the evolving role of technology in market prediction.

    Operating across global financial hubs such as London, Hong Kong, Tokyo, Singapore, and Sydney, EBC Financial Group is regulated by major international bodies, including the UK’s FCA, CIMA in the Cayman Islands, and ASIC in Australia. These credentials underscore the Group’s mission to deliver sound, ethical, and transparent financial services across key markets.

    With markets facing challenges from geopolitical instability, rising inflation, and shifting monetary policies, EBC’s commitment to investor empowerment and education stands firm. The discussions provided participants with exclusive insights into managing risk and seizing opportunities in global markets, and attendees engaged with some of the industry’s top experts, gaining hands-on insights into critical factors influencing today’s global markets.

    Building on the momentum from the successful signing ceremony in Thailand, where EBC Financial Group solidified its partnership with DiNapoli’s Leading Indicators, the Taiwan event marks a key milestone in EBC’s ongoing mission. Through this collaboration, EBC is empowering traders with advanced tools to navigate Black Swan events.

    Global Instabilities Threaten Market Stability: Insights from David Barrett
    David Barrett, CEO of EBC Financial Group (UK) Ltd, issued a stark warning about the growing economic fragility facing global markets. Speaking to an audience of financial professionals, Barrett highlighted that the Federal Reserve’s recent rate cuts have unsettled bond markets, exposing deep vulnerabilities in the global financial system. While the U.S. equity market has enjoyed a brief rally, Germany’s economic downturn threatens to spiral into a wider Eurozone crisis, Barrett explained.

    Barrett emphasised that the risks extend far beyond economics. Geopolitical conflicts—from the ongoing war in Ukraine to instability in the Middle East—are now global flashpoints, disrupting energy supplies and pushing commodity markets toward dangerous levels of volatility. According to Barrett, this combination of factors could drag the global economy into deeper, more unpredictable volatility, leaving even experienced investors facing unprecedented uncertainty.

    As part of the Group’s mission to help investors navigate these turbulent markets, Barrett reiterated EBC’s focus on providing cutting-edge trading tools and educational initiatives. EBC’s partnership with DiNapoli Indicators is instrumental in equipping traders with the tools necessary to interpret market movements, especially in unpredictable environments. By combining advanced predictive tools like DiNapoli Indicators with real-time market analysis, EBC is ensuring that traders are not only informed but prepared to respond to global financial shifts.

    EBC’s expansion into emerging markets and its commitment to establishing regulated entities in new jurisdictions also reflect the Group’s dedication to offering clients access to global trading opportunities. With its rapidly growing footprint, EBC continues to lead with integrity and transparency, providing traders worldwide with the tools to manage risk effectively.

    As the U.S. presidential election approaches, Barrett warned that this divisive political battle could be another major destabilising factor for markets, as investors brace for shifting economic policies and potential political upheaval.

    “We are not just seeing market volatility; we are looking at a perfect storm where geopolitical tensions, inflation, and monetary policies are converging like never before,” Barrett cautioned. He urged investors and traders to take urgent action, adapting to this new reality with precision, foresight, and advanced tools like DiNapoli Indicators to help navigate through the uncertainty. Without this, Barrett stated, market participants risk being left behind in a financial environment that demands data-driven decision-making and the ability to manage complex risks.

    Capturing Trading Opportunities: Jason Zeng on DiNapoli Indicators
    At the event, Jason Zeng, General Manager of Fibonacci Investment Consulting, LLC, presented the critical role that DiNapoli Indicators play in helping investors identify key market retracement points and timing trades effectively. Zeng, a long-standing expert in DiNapoli-Levels trading, explained how these indicators are not just tools for predicting price movements, but vital systems for managing risk and profitability in highly volatile markets.

    Zeng focused on how the Fibonacci-based DiNapoli Levels have been successfully applied to forecast market retracements in a range of asset classes, including equities, commodities, and currencies. He cited recent examples where DiNapoli Indicators enabled traders to accurately pinpoint entry and exit points, even in the face of significant market fluctuations caused by geopolitical instability and central bank policy shifts.

    “Traders who rely on these indicators can enhance their risk management and improve trade execution,” Zeng said. He highlighted the use of real-world case studies, showing how DiNapoli’s approach has repeatedly outperformed traditional technical analysis by offering actionable insights during times of heightened uncertainty.

    Zeng stressed that in today’s fast-moving financial markets, timing is everything, and DiNapoli Indicators offer the precision necessary to navigate the complexities of modern trading environments. According to Zeng, these indicators are essential for traders and financial professionals aiming to capture opportunities while minimising exposure to unpredictable market swings.

    As EBC continues to expand its operations across emerging markets, it remains committed to providing global traders with tailored tools and educational resources, ensuring that they are equipped to navigate both local and international market dynamics.

    Capital Markets Under Pressure: Dr. Hua-Shen Pan on Geopolitical Risks and Economic Countermeasures
    Dr. Hua-Shen Pan, an esteemed economic analyst and columnist, delivered a pointed examination of the global geopolitical risks that are currently shaping capital flows and investment strategies. Addressing the audience, Dr. Pan highlighted how geopolitical volatility has become a primary driver of market instability, overshadowing traditional economic indicators.

    Dr. Pan drew attention to China’s economic trajectory, which he identified as a critical factor influencing the global financial system. As the Chinese government introduces new stimulus measures, the global financial community is watching closely to gauge the effectiveness of these policies in stabilising the world’s second-largest economy.

    He further explained how geopolitical flashpoints, including the ongoing conflict in Ukraine and instability in the Middle East, are exacerbating energy price shocks and complicating efforts by central banks to control inflation. Dr. Pan highlighted the growing disconnect between economic fundamentals and market reactions, pointing out that traditional models of economic forecasting are struggling to account for the disruptive influence of geopolitical events.

    Dr. Pan argued that while geopolitical tensions will continue to be a source of market volatility, investors must adapt by focusing on risk management and long-term strategies that account for unpredictable economic shifts. He highlighted the importance of understanding how global policy responses—from Federal Reserve actions to China’s economic policy—will shape the investment landscape in the years to come.

    “Markets are no longer simply reacting to economic data,” Dr. Pan observed. “We are now in an era where geopolitical conflicts are driving capital decisions, and this requires a new strategic approach.”

    Navigating Post-Fed Market Reactions: Joseph AuXano’s Key Insights
    Joseph AuXano, Director of the DiNapoli Online Course (DAP), addressed one of the most pressing concerns for market participants—the aftermath of Federal Reserve rate cuts and their impact on market dynamics. AuXano demonstrated how DiNapoli Indicators can be used to accurately assess market reactions following Fed decisions, offering traders a powerful tool to anticipate volatility and make informed decisions.

    Through a detailed analysis of recent FOMC meetings, AuXano illustrated how major stocks, including Tesla and Nvidia, responded to rate cuts. He demonstrated how the MACD Predictor and DiNapoli Expansion tools provide crucial early signals, enabling traders to identify high-probability trades by spotting key support and resistance levels in advance.

    AuXano emphasised the importance of using multi-timeframe analysis, highlighting that relying solely on short-term trends leaves traders vulnerable to unpredictable market swings. By incorporating the DiNapoli Indicators, investors are better equipped to navigate both short-term fluctuations and long-term trends.

    “After each Fed decision, markets are often thrown into chaos, with unpredictable movements. But by using these tools, traders can stay one step ahead, reading market signals more effectively,” AuXano explained.

    He added, “Today’s economic forum has provided valuable insights into the various factors impacting markets, reading the markets by observing how price interacts with DiNapoli Indicators gives traders and investors an additional edge when seeking to navigate market volatility. It’s about staying disciplined and structured, especially in today’s economic and political climate, where interest rate changes and central bank policies play a key role.”

    Mitigating Algorithmic Trading Risks: Insights from Rich Wang
    Rich Wang, CTO of Provider Space, delved into the growing reliance on algorithmic trading and the risks that come with automated systems in today’s financial markets. Wang’s presentation centred on the need for robust risk management strategies that ensure consistent profitability, even as markets become increasingly volatile.

    Wang highlighted the advantages and dangers of algorithmic trading, explaining that while automation can enhance trading efficiency and speed, it also exposes traders to greater risk if not properly managed. He shared real-world examples of how market volatility can trigger automated systems to make rapid, high-stakes trades that can spiral into significant losses without adequate safeguards in place.

    Wang stressed the importance of incorporating stop-loss mechanisms and conducting thorough backtesting of algorithms to prevent systems from failing during market disruptions. He underscored that risk management needs to evolve alongside trading technology, particularly as markets become more sensitive to geopolitical events and central bank policy shifts.

    “Automation can give traders an edge, but only when combined with solid risk management frameworks,” Wang said. He demonstrated how the latest risk mitigation strategies can be integrated into automated trading systems, allowing traders to maintain control and reduce their exposure to sudden market shocks.

    Wrapping Up the Event
    The event provided a wealth of strategic insights, equipping market participants with the tools and knowledge necessary to navigate today’s volatile financial landscape. From geopolitical risks to algorithmic trading and Fed rate-cut reactions, the symposium underscored the importance of using advanced technical indicators, like DiNapoli Levels, to manage risk and seize market opportunities.

    As the global economic outlook remains uncertain, EBC Financial Group continues to lead the conversation around financial resilience, offering investors and traders the necessary foresight to adapt to these evolving challenges.

    For more information, high-resolution images, or speaker materials, please contact:

    Media Contact:
    Angela Wu
    Global Public Relations (Taiwan)
    angela.wu@ebc.com

    Chyna Elvina
    Global Public Relations Manager (APAC, LATAM)
    chyna.elvina@ebc.com

    Douglas Chew
    Global Public Relations Lead
    douglas.chew@ebc.com

    About EBC Financial Group
    Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

    Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

    At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

    EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

    https://www.ebc.com/

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/564383fa-f7de-4825-8a3d-d644cd768c51
    https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1d9d72-b653-4979-ba30-f35bb4ed4402
    https://www.globenewswire.com/NewsRoom/AttachmentNg/f89d66ee-0f78-44df-8b49-fe8f8d96d3aa

    The MIL Network –

  • MIL-OSI USA: Feenstra Urges Iowans Impacted by Summer Floods to Apply for Relief before October 22nd Deadline

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    HULL, IOWA – Today, U.S. Rep. Randy Feenstra (R-Hull) released the following statement urging Iowa homeowners and renters impacted by the floods from June 16th through July 23rd to apply for disaster relief through FEMA before the October 22nd deadline:

    “Tuesday October 22nd is the last day that Iowans impacted by this summer’s devastating floods can apply for disaster assistance through the federal government. Resources are available to help families and homeowners rebuild their homes and replace damaged and destroyed personal property. I encourage anyone in need of support to visit DisasterAssistance.gov or call 1-800-621-3362 before the October 22nd deadline. Iowans can also go to my website at Feenstra.House.Gov and visit my Natural Disaster Resource Center for more information about recovery assistance.”

    ###

    MIL OSI USA News –

  • MIL-OSI: Transaction in own shares

    Source: GlobeNewswire (MIL-OSI)

    OSB GROUP PLC                                        
    ISIN: GB00BLDRH360
    22 October 2024

    LEI number: 213800ZBKL9BHSL2K459

    OSB GROUP PLC (the “Company”)
    Transaction in Own Shares

    The Company announces that on 21 October 2024 it had purchased a total of 255,244 of its ordinary shares of £0.01 each (the “ordinary shares“) on the London Stock Exchange, through the Company’s broker Citigroup Global Markets Limited as detailed below. The repurchased ordinary shares will be cancelled.

      London Stock Exchange CBOE BXE CBOE CXE
    Number of ordinary shares purchased 156,244 70,000 29,000
    Highest price paid (per ordinary share) 392.00p 381.00p 381.00p
    Lowest price paid (per ordinary share) 378.20p 378.80p 378.80p
    Volume weighted average price paid (per ordinary share) 384.09p 380.29p 380.12p

    The purchases form part of the Company’s share buyback programme announced on 05 September 2024.

    Following settlement of the above purchases and cancellation of the purchased ordinary shares, the Company’s total number of ordinary shares in issue shall be 377,402,773 ordinary shares.

    No ordinary shares are held in treasury. Therefore, the total number of voting rights in the Company is 377,402,773.

    In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as incorporated into and implemented under English law (including by virtue of the European Union (Withdrawal) Act 2018), the detailed breakdown of individual trades made by Citigroup Global Markets Limited on behalf of the Company as part of the share buyback programme is set out below.

    This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

    Schedule of Purchases – Individual Transactions

    Issuer Name OSB GROUP PLC
    LEI 213800ZBKL9BHSL2K459
    ISIN GB00BLDRH360
    Intermediary Name Citigroup Global Markets Limited
    Intermediary Code SBILGB2L
    Timezone GMT + 1
    Currency GBP
    Transaction Date Trade Time Currency Volume Price Trading Venue Transaction ID
    21/10/2024 16:28:54 GBp 613 379.80 XLON xHaNOzHefeC
    21/10/2024 16:28:50 GBp 576 380.00 XLON xHaNOzHefnu
    21/10/2024 16:28:49 GBp 122 380.00 XLON xHaNOzHefmg
    21/10/2024 16:28:49 GBp 492 380.00 XLON xHaNOzHefmp
    21/10/2024 16:28:49 GBp 417 380.00 XLON xHaNOzHefmr
    21/10/2024 16:28:49 GBp 176 380.00 XLON xHaNOzHefmw
    21/10/2024 16:28:49 GBp 260 380.00 XLON xHaNOzHefmy
    21/10/2024 16:28:46 GBp 1,040 380.00 XLON xHaNOzHefoo
    21/10/2024 16:28:46 GBp 507 380.00 XLON xHaNOzHefot
    21/10/2024 16:28:46 GBp 801 380.20 CHIX xHaNOzHefoH
    21/10/2024 16:28:46 GBp 43 380.20 CHIX xHaNOzHefoJ
    21/10/2024 16:28:46 GBp 45 380.20 CHIX xHaNOzHefoL
    21/10/2024 16:28:45 GBp 622 380.00 XLON xHaNOzHefza
    21/10/2024 16:28:45 GBp 47 380.00 XLON xHaNOzHefzc
    21/10/2024 16:28:45 GBp 435 380.00 XLON xHaNOzHefzm
    21/10/2024 16:28:45 GBp 790 380.00 XLON xHaNOzHefzo
    21/10/2024 16:28:45 GBp 300 380.20 CHIX xHaNOzHefzt
    21/10/2024 16:28:45 GBp 788 380.20 CHIX xHaNOzHefzv
    21/10/2024 16:28:45 GBp 47 380.20 CHIX xHaNOzHefzx
    21/10/2024 16:28:45 GBp 260 380.00 CHIX xHaNOzHefzz
    21/10/2024 16:28:45 GBp 41 380.20 CHIX xHaNOzHefz7
    21/10/2024 16:28:45 GBp 330 380.20 CHIX xHaNOzHefz9
    21/10/2024 16:28:44 GBp 1,591 380.20 BATE xHaNOzHefy1
    21/10/2024 16:28:44 GBp 489 380.20 XLON xHaNOzHefy5
    21/10/2024 16:28:44 GBp 532 380.20 XLON xHaNOzHefy7
    21/10/2024 16:28:44 GBp 600 380.20 CHIX xHaNOzHefyA
    21/10/2024 16:28:44 GBp 600 380.20 CHIX xHaNOzHefyC
    21/10/2024 16:28:44 GBp 44 380.20 CHIX xHaNOzHefyE
    21/10/2024 16:28:44 GBp 23 380.20 CHIX xHaNOzHefyG
    21/10/2024 16:28:41 GBp 855 380.40 BATE xHaNOzHefvD
    21/10/2024 16:28:41 GBp 75 380.40 BATE xHaNOzHefvF
    21/10/2024 16:28:41 GBp 22 380.40 BATE xHaNOzHefvH
    21/10/2024 16:28:41 GBp 809 380.20 BATE xHaNOzHefvO
    21/10/2024 16:28:41 GBp 59 380.40 BATE xHaNOzHefvT
    21/10/2024 16:28:40 GBp 75 380.40 BATE xHaNOzHefw0
    21/10/2024 16:28:40 GBp 75 380.40 BATE xHaNOzHefwM
    21/10/2024 16:28:40 GBp 75 380.40 BATE xHaNOzHef5a
    21/10/2024 16:28:40 GBp 75 380.40 BATE xHaNOzHef5o
    21/10/2024 16:28:40 GBp 1,572 380.40 BATE xHaNOzHef5u
    21/10/2024 16:28:40 GBp 1,897 380.40 BATE xHaNOzHef51
    21/10/2024 16:28:40 GBp 26 380.40 BATE xHaNOzHef53
    21/10/2024 16:28:40 GBp 1,850 380.40 BATE xHaNOzHef58
    21/10/2024 16:28:40 GBp 330 380.40 BATE xHaNOzHef5A
    21/10/2024 16:28:40 GBp 75 380.40 BATE xHaNOzHef5C
    21/10/2024 16:28:38 GBp 581 380.40 BATE xHaNOzHef47
    21/10/2024 16:28:38 GBp 300 380.40 BATE xHaNOzHef4R
    21/10/2024 16:28:38 GBp 600 380.40 BATE xHaNOzHef4T
    21/10/2024 16:28:38 GBp 632 380.20 XLON xHaNOzHef7d
    21/10/2024 16:28:38 GBp 1,920 380.40 BATE xHaNOzHef7l
    21/10/2024 16:28:38 GBp 32 380.20 CHIX xHaNOzHef7v
    21/10/2024 16:28:38 GBp 600 380.20 CHIX xHaNOzHef7x
    21/10/2024 16:28:38 GBp 1,378 380.20 BATE xHaNOzHef72
    21/10/2024 16:28:38 GBp 946 380.40 BATE xHaNOzHef77
    21/10/2024 16:28:15 GBp 2,324 380.00 BATE xHaNOzHefMi
    21/10/2024 16:28:15 GBp 1,975 380.00 CHIX xHaNOzHefMk
    21/10/2024 16:28:07 GBp 75 379.60 BATE xHaNOzHefTX
    21/10/2024 16:28:07 GBp 22 379.60 BATE xHaNOzHefTZ
    21/10/2024 16:28:07 GBp 103 379.60 BATE xHaNOzHefTd
    21/10/2024 16:26:16 GBp 1,025 379.40 XLON xHaNOzHeNW@
    21/10/2024 16:22:43 GBp 390 379.40 XLON xHaNOzHeLPX
    21/10/2024 16:22:25 GBp 527 379.60 XLON xHaNOzHeIm6
    21/10/2024 16:22:25 GBp 45 379.60 CHIX xHaNOzHeIpd
    21/10/2024 16:22:25 GBp 336 379.60 CHIX xHaNOzHeIpf
    21/10/2024 16:22:25 GBp 364 379.60 BATE xHaNOzHeIpY
    21/10/2024 16:22:25 GBp 1,025 379.60 XLON xHaNOzHeIpn
    21/10/2024 16:22:25 GBp 1,025 379.60 BATE xHaNOzHeIpp
    21/10/2024 16:22:25 GBp 257 379.60 CHIX xHaNOzHeIpr
    21/10/2024 16:22:24 GBp 768 379.60 CHIX xHaNOzHeIpy
    21/10/2024 16:21:40 GBp 106 379.80 XLON xHaNOzHeJdk
    21/10/2024 16:21:40 GBp 46 379.80 CHIX xHaNOzHeJdq
    21/10/2024 16:21:40 GBp 51 379.80 CHIX xHaNOzHeJds
    21/10/2024 16:21:40 GBp 336 379.80 CHIX xHaNOzHeJdy
    21/10/2024 16:21:40 GBp 45 379.80 CHIX xHaNOzHeJd@
    21/10/2024 16:21:40 GBp 221 379.60 XLON xHaNOzHeJd5
    21/10/2024 16:21:40 GBp 68 379.60 BATE xHaNOzHeJd7
    21/10/2024 16:21:40 GBp 340 379.60 BATE xHaNOzHeJdD
    21/10/2024 16:21:37 GBp 232 379.80 XLON xHaNOzHeJWn
    21/10/2024 16:21:37 GBp 943 379.80 XLON xHaNOzHeJWt
    21/10/2024 16:21:37 GBp 374 380.00 CHIX xHaNOzHeJWu
    21/10/2024 16:21:37 GBp 272 380.00 CHIX xHaNOzHeJWw
    21/10/2024 16:21:37 GBp 47 380.00 CHIX xHaNOzHeJWU
    21/10/2024 16:21:37 GBp 197 380.00 CHIX xHaNOzHeJWP
    21/10/2024 16:21:37 GBp 23 380.00 CHIX xHaNOzHeJWR
    21/10/2024 16:21:37 GBp 274 380.00 CHIX xHaNOzHeJWT
    21/10/2024 16:21:37 GBp 82 379.80 XLON xHaNOzHeJZc
    21/10/2024 16:21:37 GBp 1,025 379.80 CHIX xHaNOzHeJZe
    21/10/2024 16:21:37 GBp 1,025 379.80 BATE xHaNOzHeJZg
    21/10/2024 16:20:12 GBp 565 379.80 XLON xHaNOzHeGzX
    21/10/2024 16:15:58 GBp 289 379.60 BATE xHaNOzHeScS
    21/10/2024 16:15:58 GBp 340 379.60 XLON xHaNOzHeScQ
    21/10/2024 16:15:56 GBp 580 379.60 BATE xHaNOzHeSXF
    21/10/2024 16:15:55 GBp 285 380.00 BATE xHaNOzHeSWl
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSWC
    21/10/2024 16:15:55 GBp 364 380.00 BATE xHaNOzHeSZX
    21/10/2024 16:15:55 GBp 423 380.00 BATE xHaNOzHeSZp
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSZv
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSZ3
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSZC
    21/10/2024 16:15:55 GBp 691 380.00 BATE xHaNOzHeSZP
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSZR
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSYX
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSYY
    21/10/2024 16:15:55 GBp 918 380.00 BATE xHaNOzHeSYg
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSYi
    21/10/2024 16:15:55 GBp 600 380.00 BATE xHaNOzHeSYr
    21/10/2024 16:15:55 GBp 900 380.00 BATE xHaNOzHeSYt
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSYv
    21/10/2024 16:15:55 GBp 1,751 380.00 BATE xHaNOzHeSY$
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSY1
    21/10/2024 16:15:55 GBp 232 379.80 XLON xHaNOzHeSY4
    21/10/2024 16:15:55 GBp 1,180 380.00 BATE xHaNOzHeSYL
    21/10/2024 16:15:55 GBp 330 380.00 BATE xHaNOzHeSYN
    21/10/2024 16:15:55 GBp 469 380.00 BATE xHaNOzHeSYP
    21/10/2024 16:15:55 GBp 75 380.00 BATE xHaNOzHeSYR
    21/10/2024 16:15:55 GBp 17 380.00 BATE xHaNOzHeSYV
    21/10/2024 16:15:55 GBp 18 380.00 BATE xHaNOzHeSYT
    21/10/2024 16:15:55 GBp 1,025 379.80 XLON xHaNOzHeSjc
    21/10/2024 16:15:55 GBp 1,025 379.80 BATE xHaNOzHeSje
    21/10/2024 16:15:55 GBp 961 379.80 CHIX xHaNOzHeSjg
    21/10/2024 16:14:46 GBp 177 379.80 XLON xHaNOzHeTWd
    21/10/2024 16:11:55 GBp 95 379.80 CHIX xHaNOzHeRiI
    21/10/2024 16:08:44 GBp 950 380.00 XLON xHaNOzHePsv
    21/10/2024 16:08:44 GBp 93 380.00 XLON xHaNOzHePsx
    21/10/2024 16:08:44 GBp 1 380.00 XLON xHaNOzHePsz
    21/10/2024 16:08:44 GBp 89 380.00 XLON xHaNOzHePst
    21/10/2024 16:08:44 GBp 447 380.00 XLON xHaNOzHePsA
    21/10/2024 16:08:44 GBp 449 379.80 XLON xHaNOzHePsK
    21/10/2024 16:08:44 GBp 300 379.80 CHIX xHaNOzHePsM
    21/10/2024 16:08:44 GBp 201 379.80 BATE xHaNOzHePsO
    21/10/2024 16:08:44 GBp 248 379.80 BATE xHaNOzHePsQ
    21/10/2024 16:08:44 GBp 1,025 380.00 XLON xHaNOzHePsS
    21/10/2024 16:08:44 GBp 686 380.00 CHIX xHaNOzHePsU
    21/10/2024 16:08:44 GBp 1,025 380.00 BATE xHaNOzHePnW
    21/10/2024 16:08:04 GBp 110 380.00 CHIX xHaNOzHePP0
    21/10/2024 16:07:11 GBp 320 380.00 XLON xHaNOzHe66D
    21/10/2024 16:06:29 GBp 169 380.00 CHIX xHaNOzHe7lX
    21/10/2024 16:06:25 GBp 232 380.20 CHIX xHaNOzHe7fc
    21/10/2024 16:06:25 GBp 92 380.20 BATE xHaNOzHe7fj
    21/10/2024 16:06:25 GBp 1,044 380.20 BATE xHaNOzHe7fl
    21/10/2024 16:06:25 GBp 614 380.20 CHIX xHaNOzHe7fn
    21/10/2024 16:06:25 GBp 1,025 380.20 XLON xHaNOzHe7fp
    21/10/2024 16:05:36 GBp 553 380.20 XLON xHaNOzHe7AZ
    21/10/2024 16:05:34 GBp 4,790 380.60 XLON xHaNOzHe7HW
    21/10/2024 16:05:34 GBp 3,102 380.60 XLON xHaNOzHe7MU
    21/10/2024 16:05:34 GBp 600 380.60 XLON xHaNOzHe7HY
    21/10/2024 16:05:34 GBp 198 380.60 XLON xHaNOzHe7Ha
    21/10/2024 16:05:34 GBp 440 380.60 XLON xHaNOzHe7Hc
    21/10/2024 16:05:34 GBp 220 380.60 XLON xHaNOzHe7He
    21/10/2024 16:05:32 GBp 178 380.60 XLON xHaNOzHe7Gk
    21/10/2024 16:05:32 GBp 600 380.60 XLON xHaNOzHe7Gm
    21/10/2024 16:05:32 GBp 600 380.60 XLON xHaNOzHe7Go
    21/10/2024 16:05:32 GBp 102 380.60 XLON xHaNOzHe7Gq
    21/10/2024 16:05:32 GBp 413 380.60 XLON xHaNOzHe7Gs
    21/10/2024 16:05:32 GBp 546 380.60 XLON xHaNOzHe7Gu
    21/10/2024 16:05:32 GBp 1,190 380.40 XLON xHaNOzHe7G$
    21/10/2024 16:05:32 GBp 456 380.40 BATE xHaNOzHe7G1
    21/10/2024 16:05:32 GBp 7 380.40 CHIX xHaNOzHe7G3
    21/10/2024 16:05:32 GBp 391 380.40 CHIX xHaNOzHe7G5
    21/10/2024 16:05:30 GBp 391 380.60 BATE xHaNOzHe7Ir
    21/10/2024 16:05:30 GBp 391 380.60 CHIX xHaNOzHe7It
    21/10/2024 16:05:28 GBp 153 381.00 CHIX xHaNOzHe7Va
    21/10/2024 16:05:28 GBp 169 381.00 CHIX xHaNOzHe7Vc
    21/10/2024 16:05:28 GBp 889 381.00 CHIX xHaNOzHe7Ve
    21/10/2024 16:05:28 GBp 84 381.00 CHIX xHaNOzHe7Vg
    21/10/2024 16:05:28 GBp 270 381.00 CHIX xHaNOzHe7Vi
    21/10/2024 16:05:28 GBp 1,423 381.00 BATE xHaNOzHe7UZ
    21/10/2024 16:05:28 GBp 497 381.00 BATE xHaNOzHe7Ub
    21/10/2024 16:05:28 GBp 75 381.00 BATE xHaNOzHe7Ud
    21/10/2024 16:05:28 GBp 18 381.00 BATE xHaNOzHe7Uf
    21/10/2024 16:05:28 GBp 449 380.60 BATE xHaNOzHe7Ur
    21/10/2024 16:05:28 GBp 449 380.60 XLON xHaNOzHe7Ut
    21/10/2024 16:05:28 GBp 1,025 380.80 XLON xHaNOzHe7Uv
    21/10/2024 16:05:28 GBp 1,025 380.80 BATE xHaNOzHe7Ux
    21/10/2024 16:05:28 GBp 893 380.80 CHIX xHaNOzHe7Uz
    21/10/2024 16:03:53 GBp 753 380.20 XLON xHaNOzHe5ZK
    21/10/2024 16:02:43 GBp 393 380.60 XLON xHaNOzHe2bN
    21/10/2024 16:02:43 GBp 129 380.60 XLON xHaNOzHe2bP
    21/10/2024 16:02:43 GBp 127 380.60 XLON xHaNOzHe2ak
    21/10/2024 16:02:43 GBp 97 380.60 XLON xHaNOzHe2am
    21/10/2024 16:02:43 GBp 592 380.40 XLON xHaNOzHe2ar
    21/10/2024 16:02:43 GBp 400 380.20 CHIX xHaNOzHe2au
    21/10/2024 16:02:43 GBp 772 380.60 CHIX xHaNOzHe2a@
    21/10/2024 16:02:43 GBp 45 380.60 CHIX xHaNOzHe2a0
    21/10/2024 16:02:43 GBp 1,235 380.40 XLON xHaNOzHe2a7
    21/10/2024 16:02:43 GBp 25 380.40 BATE xHaNOzHe2a9
    21/10/2024 16:02:43 GBp 233 380.40 CHIX xHaNOzHe2aB
    21/10/2024 16:02:43 GBp 681 380.40 CHIX xHaNOzHe2aD
    21/10/2024 16:02:43 GBp 1,486 380.40 BATE xHaNOzHe2aF
    21/10/2024 16:02:43 GBp 20,271 380.80 BATE xHaNOzHe2aG
    21/10/2024 16:02:43 GBp 300 380.80 BATE xHaNOzHe2aI
    21/10/2024 16:02:43 GBp 600 380.80 BATE xHaNOzHe2aK
    21/10/2024 16:02:43 GBp 600 380.80 BATE xHaNOzHe2aM
    21/10/2024 16:02:43 GBp 18 380.80 BATE xHaNOzHe2aO
    21/10/2024 16:02:43 GBp 124 380.60 XLON xHaNOzHe2aV
    21/10/2024 16:02:43 GBp 384 380.60 XLON xHaNOzHe2dX
    21/10/2024 16:02:43 GBp 232 380.60 BATE xHaNOzHe2dZ
    21/10/2024 16:02:41 GBp 609 380.80 XLON xHaNOzHe2cU
    21/10/2024 16:02:41 GBp 68 380.80 BATE xHaNOzHe2Xf
    21/10/2024 16:02:41 GBp 194 380.80 BATE xHaNOzHe2Xh
    21/10/2024 16:02:41 GBp 985 380.60 CHIX xHaNOzHe2Xk
    21/10/2024 16:00:45 GBp 617 380.20 XLON xHaNOzHe3xq
    21/10/2024 15:55:26 GBp 610 380.20 XLON xHaNOzHeFD8
    21/10/2024 15:55:26 GBp 430 380.20 XLON xHaNOzHeFDA
    21/10/2024 15:55:26 GBp 91 380.20 XLON xHaNOzHeFDC
    21/10/2024 15:55:26 GBp 89 380.20 XLON xHaNOzHeFDE
    21/10/2024 15:55:26 GBp 99 380.20 XLON xHaNOzHeFDG
    21/10/2024 15:55:26 GBp 177 380.20 XLON xHaNOzHeFDI
    21/10/2024 15:55:26 GBp 203 380.20 XLON xHaNOzHeFDK
    21/10/2024 15:55:21 GBp 981 379.40 BATE xHaNOzHeFBh
    21/10/2024 15:55:21 GBp 955 379.40 XLON xHaNOzHeFB7
    21/10/2024 15:55:21 GBp 788 379.40 XLON xHaNOzHeFB9
    21/10/2024 15:55:15 GBp 424 379.80 XLON xHaNOzHeFTH
    21/10/2024 15:55:15 GBp 158 379.80 XLON xHaNOzHeFTJ
    21/10/2024 15:55:15 GBp 255 379.60 BATE xHaNOzHeFSW
    21/10/2024 15:55:15 GBp 182 379.80 XLON xHaNOzHeFSY
    21/10/2024 15:55:15 GBp 404 379.80 XLON xHaNOzHeFSh
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    21/10/2024 11:10:33 GBp 182 388.00 XLON xHaNOzHhLR8
    21/10/2024 11:10:33 GBp 410 388.20 XLON xHaNOzHhLRA
    21/10/2024 11:07:38 GBp 410 387.80 XLON xHaNOzHhJ4e
    21/10/2024 10:57:57 GBp 189 387.80 XLON xHaNOzHhSeE
    21/10/2024 10:57:57 GBp 68 387.80 XLON xHaNOzHhSeG
    21/10/2024 10:55:59 GBp 281 387.80 XLON xHaNOzHhTZ5
    21/10/2024 10:55:58 GBp 63 387.80 XLON xHaNOzHhTZ7
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    21/10/2024 10:55:57 GBp 470 388.20 XLON xHaNOzHhTYo
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    21/10/2024 10:30:16 GBp 215 387.80 XLON xHaNOzHh0O@
    21/10/2024 10:30:15 GBp 358 388.00 XLON xHaNOzHh1bS
    21/10/2024 10:30:15 GBp 241 388.20 XLON xHaNOzHh1dd
    21/10/2024 10:30:14 GBp 45 388.20 XLON xHaNOzHh1c5
    21/10/2024 10:30:14 GBp 356 388.40 XLON xHaNOzHh1cA
    21/10/2024 10:30:14 GBp 60 388.40 XLON xHaNOzHh1Xg
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    21/10/2024 10:30:13 GBp 410 388.40 XLON xHaNOzHh1Ye
    21/10/2024 10:30:13 GBp 286 388.40 XLON xHaNOzHh1Yq
    21/10/2024 10:30:12 GBp 141 388.60 XLON xHaNOzHh1f$
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    21/10/2024 10:16:59 GBp 370 389.00 XLON xHaNOzHhBXi
    21/10/2024 10:16:59 GBp 40 389.00 XLON xHaNOzHhBXk
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    21/10/2024 10:10:48 GBp 322 389.40 XLON xHaNOzHh92B
    21/10/2024 10:03:56 GBp 42 389.60 XLON xHaNOzHaqLb
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    21/10/2024 10:03:55 GBp 377 390.00 XLON xHaNOzHaqLQ
    21/10/2024 10:03:55 GBp 200 390.00 XLON xHaNOzHaqLS
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    21/10/2024 09:57:07 GBp 142 391.40 XLON xHaNOzHapJx
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    21/10/2024 09:07:09 GBp 202 391.80 XLON xHaNOzHaeGh
    21/10/2024 09:07:09 GBp 95 391.80 XLON xHaNOzHaeGj
    21/10/2024 09:07:09 GBp 107 391.80 XLON xHaNOzHaeGl
    21/10/2024 09:07:09 GBp 321 391.80 XLON xHaNOzHaeGn
    21/10/2024 09:07:09 GBp 273 391.80 XLON xHaNOzHaeG$
    21/10/2024 09:07:09 GBp 286 391.40 XLON xHaNOzHaeG6
    21/10/2024 09:07:09 GBp 410 391.60 XLON xHaNOzHaeG8
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    21/10/2024 08:59:57 GBp 90 391.40 XLON xHaNOzHaK7N
    21/10/2024 08:59:57 GBp 196 391.40 XLON xHaNOzHaK7P
    21/10/2024 08:59:57 GBp 410 391.60 XLON xHaNOzHaK7R
    21/10/2024 08:59:57 GBp 286 391.40 XLON xHaNOzHaK6e
    21/10/2024 08:59:57 GBp 272 391.60 XLON xHaNOzHaK6g
    21/10/2024 08:59:57 GBp 138 391.60 XLON xHaNOzHaK6i
    21/10/2024 08:52:12 GBp 129 391.80 XLON xHaNOzHaGyW
    21/10/2024 08:52:12 GBp 281 391.80 XLON xHaNOzHaGyY
    21/10/2024 08:50:54 GBp 436 391.80 XLON xHaNOzHaHbS
    21/10/2024 08:44:00 GBp 410 392.00 XLON xHaNOzHaS1c
    21/10/2024 08:35:22 GBp 208 391.60 XLON xHaNOzHaPkB
    21/10/2024 08:35:08 GBp 260 391.80 XLON xHaNOzHaPsb
    21/10/2024 08:35:08 GBp 436 392.00 XLON xHaNOzHaPsc
    21/10/2024 08:32:41 GBp 410 391.00 XLON xHaNOzHa6EU
    21/10/2024 08:32:37 GBp 286 391.40 XLON xHaNOzHa6B$
    21/10/2024 08:32:37 GBp 410 391.60 XLON xHaNOzHa6B1
    21/10/2024 08:26:35 GBp 410 389.80 XLON xHaNOzHa50N

    The MIL Network –

  • MIL-OSI USA: Ezell Presents Congressional Award Gold Medal to Petal Native

    Source: United States House of Representatives – Congressman Mike Ezell (Mississippi 4th District)

    Today, Congressman Mike Ezell (MS-04) presented Colt Bergman with a Congressional Award Gold Medal, the highest Congressional honor for America’s youth. Bergman completed 400 hours of voluntary public service, 200 hours of personal development, 200 hours of physical fitness, and a 5-day, 4-night trip over the span of 24 months to complete the Congressional Award program.

    “The Congressional Award program is the highest honor Congress gives to young Americans, recognizing their commitment to personal development, physical fitness, and community service,” Ezell said. “Through hard work and perseverance, Colt has earned this award, proudly representing Mississippi. The Congressional Award encourages participants to set and achieve challenging goals, building valuable skills and a spirit of volunteerism. I am proud to support the program and congratulate Colt on his outstanding achievement. Together, let’s continue to support our future leaders who make a positive impact in their communities and beyond!”

    Additional background on the Congressional Award:

    The United States Congress established the Congressional Award in 1979 (Public Law 96-114) to recognize initiative, service, and achievement in young people. It began as a bipartisan effort in both the United States Senate and the House of Representatives. The original bill was sponsored by Senator Malcolm Wallop of Wyoming and Congressman James Howard of New Jersey.

    The Congressional Award provides a structure for young Americans to learn the value of service, personal development, fitness, and citizenship through character-forming experiences that shape tomorrow’s leaders and our country’s future.

    The Congressional Award program is promoted throughout America by Members of Congress who share this unique opportunity with their constituents, providing today’s youth with the tools they need to thrive as adults.

    MIL OSI USA News –

  • MIL-OSI: Volta Finance Limited Annual Financial Report and Notice of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA/VTAS)
    Legal Entity Identification Code: 2138004N6QDNAZ2V3W80

    Publication of the Annual Report and Audited Financial Statements
    (the “Accounts”) for the financial year ended 31 July 2024 and
    Notice of the Annual General Meeting

    NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO
    THE UNITED STATES

    *****

    Guernsey, 22 October 2024

    Volta Finance Limited has published its results for the financial year ended 31 July 2024. The 2024 Accounts are attached to this release and will be available on the Volta Finance Limited website (http://www.voltafinance.com).

    Notice of the Annual General Meeting of Volta Finance Limited on Thursday 5 December 2024 may be found at pages 86 and 87 of the Accounts.

    For further information, please contact:

    Company Secretary and Portfolio Administrator
    BNP Paribas S.A., Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Financial plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    For the Investment Manager
    AXA Investment Managers Paris
    François Touati

    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,850 professionals and €844 billion in assets under management as of the end of December 2023.

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    Attachment

    The MIL Network –

  • MIL-OSI: Innofactor Plc: Cancellation of treasury shares

    Source: GlobeNewswire (MIL-OSI)

    Innofactor Plc Total number of voting rights and capital, on October 22, 2024, at 9:00 Finnish time

    The Board of Directors of Innofactor Plc has decided to cancel a total of 554,372 Innofactor shares currently owned by the Company. The treasury shares to be cancelled were acquired within the Company’s acquisition of own shares announced by the Company on July 20, 2023.

    The cancellation will be entered in the trade register maintained by the Finnish Patent and Registration Office approximately by the end of November. Prior to the cancellation of the own shares, there are in total 36,343,691 registered shares in Innofactor. After the cancellation has been registered in the trade register, the total number of shares in Innofactor is 35,789,319 and the total number of votes attached to the shares is 35,789,319.

    After the cancellation, Innofactor Plc doesn’t hold any shares in the Company. The cancellation of the shares has no effect on the share capital of Innofactor Plc.

    Espoo, October 22, 2024

    INNOFACTOR PLC

    Board of Directors 

    Additional information:
    Sami Ensio, CEO
    Innofactor Plc
    Tel. +358 50 584 2029
    sami.ensio@innofactor.com

    Distribution:
    NASDAQ Helsinki
    Main media
    http://www.innofactor.com

    Innofactor
    Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. http://www.innofactor.com #ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou

    The MIL Network –

  • MIL-OSI: Agillic releases Q3 2024 financial report with 8% decrease in ARR from Subscriptions YoY, EBITDA of DKK 1.8 million and DKK 6.7 million in cash flow from operations

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 07 2024

    Copenhagen – 22 October 2024 – Agillic A/S

    ARR from subscriptions YTD decreased 8% primarily due to clients’ technology consolidations in Q1 2024. ARR from subscriptions increased modestly by 2% in Q3 2024 vs. Q2 2024. Agillic maintains its 2024 guidance due to expected growth from both existing clients and new sales in Q4 2024. Cash flow from operations was DKK 6.7 million in Q3 2024, an increase of DKK 12.6 million YoY.

    Key financial and SaaS highlights
    (DKK million)

    Income statement YTD 2024 YTD 2023 Change Q3 2024 Q3 2023 Change  
    Revenue Subscriptions 37.0 40.2 -8% 12.1 13.6 -11%  
    Revenue Transactions 7.4 9.1 -19% 2.7 3.0 -10%  
    Other revenue 0.0 0.0 n/a 0.0 0.0 n/a  
    Total revenue 44.4 49.3 -10% 14.8 16.6 -11%  
    Gross profit  36.1 39.6 -9% 11.7 13.4 -13%  
    Gross margin 81% 80% – 79% 81% –  
    Other operating income 0.6 0.5 20% 0.2 0.2 0%  
    Employee costs -23.7 -26.0 9% -7.1 -7.9 10%  
    Operational costs -11.2 -10.6 -6% -3.6 -3.2 -13%  
    EBITDA 1.8 3.5 -49% 1.2 2.5 -52%  
    Net profit 1.2 -5.1 n/a -2.4 -0.4 -500%  
                   
    Financial position              
    Cash 3.7 11.5 -68% 3.7 11.5 -68%  
                 
    ARR development            
    ARR Subscriptions 52.5 56.8 -8% 52.5 56.8 -8%
    ARR Transactions 10.6 12.1 -12% 10.6 12.1 -12%
    Total ARR 63.1 68.9 -8% 63.1 68.9 -8%
    Change in ARR -5.8 2.5 – 1.4 2.5 –
    Change in ARR % -8% 4% – 2% 4% –

    Reclassification between other operating income, employee costs, and operational costs is updated in 2023 figures.

    ARR
    ARR from subscriptions decreased 8% YoY which was related to clients’ business and technology consolidation and in line with our expectations. ARR from transactions decreased 12% YoY as a consequence of lower volumes due to geopolitical factors. The decline in ARR mainly happened in Q1 2024, while ARR increased modestly in Q3, and we expect both ARR from subscriptions and ARR from transactions to increase further in Q4 2024.

    Revenue
    Total Revenue decreased 10% YoY related to the decrease in ARR. Total Revenue is expected to increase in Q4 2024.

    EBITDA
    EBITDA YTD was negatively impacted by the decrease in revenue and by an increase in operational costs related to a one-time cost of DKK 1.0 million for consultancy services. However, with an increase in the gross margin from 80% to 81% YTD, and a decrease in employee costs, we delivered a positive EBITDA in Q3 2024 YTD of DKK 1.8 million.

    Cash
    At the end of Q3, at the cash position was DKK 3.7 million in line with expectations. This was primarily a result of an increase in cashflow from operations to DKK 6.7 million (Q3 2023: DKK -5.9 million).

    Financial guidance 2024 (unchanged)

    Revenue DKK million 62 to 66
    EBITDA – 0 to 2
    ARR Subscriptions – 56 to 60
    ARR Transactions – 10 to 14
    Total ARR – 66 to 74

    For further information, please contact:
    Emre Gürsoy, CEO
    +45 30 78 42 00
    emre.gursoy@agillic.com

    Claus Boysen, CFO
    +45 28 49 18 46
    claus.boysen@agillic.com

    Certified Adviser
    John Norden, Norden CEF A/S

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk, which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create. automate and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark, with teams in Germany, Norway, and Romania.
    For further information, please visit http://www.agillic.com  

    Appendix: Financial development per quarter

     DKK million   2024   2023   2022
                                     
    INCOME STATEMENT   Q3 Q2 Q1   FY Q4 Q3 Q2 Q1   FY Q4 Q3 Q2 Q1
    Revenue Subscriptions   12.1 12.3 12.6   52.4 12.2 13.6 13.5 13.1   49.9 13.5 13.1 12.2 11.1
    Revenue Transactions   2.7 2.5 2.2   12.0 2.9 3.0 2.9 3.2   16.7 6.0 4.8 3.3 2.6
    Other revenue   0.0 0.0 0.0   0.3 0.3 0.0 0.0 0.0   0.4 0.0 0.0 0.1 0.3
    Total revenue   14.8 14.8 14.8   64.7 15.4 16.6 16.4 16.3   67.0 19.5 17.9 15.6 14.0
    Gross profit    11.7 12.1 12.3   52.2 12.6 13.4 13.2 13.0   49.6 15.5 11.4 11.7 11.0
    Gross margin   79% 82% 83%   81% 82% 81% 80% 80%   74% 80% 63% 75% 78%
    Other operating income   0.2 0.2 0.2   0.6 0.1 0.2 0.2 0.1   0.3 0.3 0.0 0.0 0.0
    Employee costs   -7.1 -8.0 -8.6   -36.8 -10.8 -7.9 -9.4 -8.7   -32.5 -9.2 -7.3 -8.0 -8.0
    Operational costs   -3.6 -4.3 -3.3   -14.1 -3.5 -3.2 -3.0 -4.4   -16.3 -5.1 -2.7 -3.7 -4.8
    EBITDA   1.2 0.0 0.6   1.9 -1.6 2.5 1.0 0.0   1.1 1.5 1.4 0.0 -1.8
    Net profit   -2.4 7.0 -3.4   -27.5 -22.4 -0.4 -1.8 -2.9   -10.6 -2.0 -1.2 -2.7 -4.7
     

    BALANCE SHEET

    		                
    Cash   3.7 4.4 7.2   9.8 9.8 11.5 18.3 26.9   7.4 7.4 1.8 12.6 7.5
    Total assets   42.8 45.8 51.5   47.1 47.1 64.9 69.0 75.8   52.8 52.8 54.0 58.7 55.4
    Equity   -17.8 -16.0 -23.6   -20.2 -20.2 1.5 1.8 3.4   -15.0 -15.0 -13.2 -12.0 -9.6
    Borrowings   19.1 21.4 24.3   23.7 23.7 23.0 24.2 25.7   24.3 24.3 23.7 26.1 26.4
    CASH FLOW                
    Cash flow from operations   4.1 2.6 0.0   -6.5 -0.6 -2.8 -4.3 1.2   3.1 7.3 -4.9 9.0 -8.3
    Cash flow from investments   -2.6 -2.7 -3.0   -11.7 -2.1 -3.1 -3.2 -3.3   -13.5 -3.3 -3.3 -3.7 -3.2
    Cash flow from financing   -2.2 -2.7 0.4   20.6 1.0 -0.9 -1.1 21.6   -2.8 1.6 -2.5 -0.2 -1.6
    Net cash flow   -0.7 -2.8 -2.6   2.4 -1.7 -6.8 -8.6 19.5   -13.2 5.6 -10.8 5.1 -13.1
    EMPLOYEES & CLIENTS                
    Employees end of period   40 39 41   50 50 50 50 46   48 48 47 51 47
    Clients end of period   114 113 116   122 122 120 120 118   118 118 111 108 105
     

    ARR & SAAS METRICS

    		                
    ARR Subscriptions   52.5 51.7 52.2   57.8 57.8 56.8 54.9 54.2   54.1 54.1 50.3 49.6 48.5
    ARR Transactions   10.6 10.0 8.9   12.3 12.3 12.1 11.5 17.3   22.6 22.6 19.6 14.6 10.3
    Total ARR   63.1 61.7 61.1   70.1 70.1 68.9 66.4 72   76.7 76.7 69.9 64.2 58.8
    Change in ARR (DKK)   1.4 0.6 -9.0   -6.6 1.2 2.5 -5.1 -5.2   21.0 6.8 5.7 5.4 3.1
    Change in ARR %   2% 1% -13%   -9% 2% 4% -7% -7%   38% 10% 9% 9% 6%
    Average ARR   0.6 0.5 0.5   0.6 0.6 0.6 0.6 0.6   0.6 0.6 0.6 0.6 0.6
    Yearly CAC   – – –   0.2  – – – –   0.1 – – – –
    Months to recover CAC   – – –   6 – – – –   3 – – – –

    Definitions

    • Cash is defined as available funds less bank overdraft withdrawals.
    • ARR: the annualised value of subscription agreements and transactions at the end of the actual reporting period.
    • Average ARR: the average Total ARR per client.
    • Customer Acquisition Costs (CAC): the sales and marketing cost (inclusive salaries, commissions, direct and share of costs of office) divided by the number of new clients. CAC is calculated end of year.
    • Months to recover CAC: the period in months it takes to generate sufficient gross profit from a client to cover the acquisition cost.

    Published on 22 October 2024

    Attachment

    The MIL Network –

  • MIL-OSI Australia: CCC review of police powers to search places for high-risk missing persons

    Source: Crime and Corruption Commission – Queensland

    Date published: 22 October 2024 | Last modified: 22 October 2024 | Last reviewed: 22 October 2024

    The Crime and Corruption Commission (CCC) has published its review of the powers available to police to search places for high-risk missing persons.

    The missing person search powers are set out in Chapter 7, Part 3A of the Police Powers and Responsibilities Act 2000 (Qld).

    The powers came into effect in 2018 to enable the Queensland Police Service to conduct searches where a person is missing and at high risk of harm if not found as quickly as possible, and the occupier of the location will or cannot give consent to the search. The introduction of these provisions addressed a small but significant gap in police powers.

    The CCC’s review identified that the missing person search powers were used rarely, but when used, they proved to be a useful and valuable tool to progress investigations.

    The CCC made two recommendations related to approval requirements and to recordkeeping.

    The CCC was required to conduct this review by section 879 of the Act. As set out in that section, the CCC consulted with the Minister for Police and Community Safety in the course of preparing the report.

    You can read the report “Searching places for high-risk missing persons” here.

    The CCC is an independent agency combating major crime and reducing corruption for the benefit of the Queensland community.

    ENDS

    MIL OSI News –

  • MIL-OSI China: MOFA affirms stance taken by US, Japan, Australia, India, and ROK at ASEAN summits underlining importance of peace and stability in South China Sea

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA affirms stance taken by US, Japan, Australia, India, and ROK at ASEAN summits underlining importance of peace and stability in South China Sea

    • Date：2024-10-12
    • Data Source：Department of East Asian and Pacific Affairs

    October 12, 2024
    No. 351

    The 44th and 45th summits of the Association of Southeast Asian Nations (ASEAN) took place in Vientiane, the capital of Laos, from October 6 to 11. During the meetings, the United States, Japan, Australia, India, the Republic of Korea, and other like-minded countries expressed concern about the situation in the South China Sea and underlined the importance of peace and stability in the region. The Ministry of Foreign Affairs (MOFA) welcomes and affirms these statements.

    A chorus of parties at the summits highlighted recent tensions in the South China Sea. US Secretary of State Antony Blinken, Australian Prime Minister Anthony Albanese, and Japanese Prime Minister Shigeru Ishiba voiced concern about escalating militarization and unlawful coercion in the region. They also pledged to work on maintaining freedom of navigation and overflight in the South China Sea. The joint statement from the ROK-ASEAN summit called on all parties to respect international law and settle disputes in accordance with the 1982 United Nations Convention on the Law of the Sea (UNCLOS). In his remarks, Indian Prime Minister Narendra Modi emphasized that peace, security, and stability were in line with the general interests of the Indo-Pacific region. MOFA affirms the positions of the above parties, which correspond with the policy that Taiwan has consistently promoted with regard to the South China Sea.

    Based on integrated diplomacy, Taiwan will continue to work with like-minded partners to uphold democracy, freedom, human rights, and other shared values. Taiwan urges all parties to abide by international law, UNCLOS, and related instruments to jointly defend the rules-based international order and advance peace, stability, and prosperity in the Indo-Pacific region. (E)

    MIL OSI China News –

  • MIL-OSI China: ROC (Taiwan) government donates US$800,000 to assist US with reconstruction efforts following Hurricane Helene

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    ROC (Taiwan) government donates US$800,000 to assist US with reconstruction efforts following Hurricane Helene

    • Date：2024-10-12
    • Data Source：Public Diplomacy Coordination Council

    October 12, 2024

    No. 350

    On the evening of September 26, category 4 Hurricane Helene hit Florida and continued on to ravage many other southeastern states in the United States, causing over 230 deaths and US$30 billion in damages thus far. The ROC (Taiwan) government is donating US$800,000 to assist local governments and residents with the recovery efforts, with US$300,000 earmarked for Florida and North Carolina each and US$200,000 for Georgia. It is hoped that these funds will help victims return to normal life as soon as possible. 

    As Taiwan is typically struck by typhoons every year in summer and fall, the people and government of Taiwan empathize with the people of the southeastern US regarding the great loss in life and property caused by Hurricane Helene. To promptly extend a helping hand, Taiwan’s offices in Miami and Atlanta will consult with related US agencies so that the funds will be publicly donated to special accounts dedicated to assisting local residents in reconstructing their homes. (E) 

    MIL OSI China News –

  • MIL-OSI China: Visit by Tuvalu Prime Minister Teo and Madame Teo concludes following National Day celebrations, successfully deepens staunch diplomatic alliance

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Visit by Tuvalu Prime Minister Teo and Madame Teo concludes following National Day celebrations, successfully deepens staunch diplomatic alliance

    • Date：2024-10-13
    • Data Source：Department of East Asian and Pacific Affairs

    October 13, 2024
    No. 352

    A visit to Taiwan by Tuvalu Prime Minister Feleti Penitala Teo and Madame Tausaga Teo concluded as their delegation departed on the evening of October 12. Ministry of Foreign Affairs (MOFA) Department of East Asian and Pacific Affairs Director General Peter Sha-li Lan was present at the airport to bid farewell to the delegation on behalf of the government of Taiwan.

    In addition to meeting with President Lai Ching-te and attending a banquet hosted by Minister of Foreign Affairs Lin Chia-lung, Prime Minister Teo was a guest of honor at Taiwan’s National Day celebrations and associated functions.

    In his meeting with President Lai, Prime Minister Teo emphasized that Tuvalu cherished its 45-year alliance with Taiwan. He said that Tuvalu would continue to staunchly support Taiwan in expanding its international participation and speak up for Taiwan in the international arena, demonstrating the Tuvaluan government’s true friendship with Taiwan.

    Given the close cooperation on fisheries between Taiwan and Tuvalu and Prime Minister Teo’s many years of service in posts at international fisheries organizations, MOFA also organized a special itinerary that took Prime Minister Teo and his delegation south to Kaohsiung, Taiwan’s deep-sea fishing center. Prime Minister Teo met with Kaohsiung Mayor Chen Chi-mai to discuss a sister-city agreement between Kaohsiung and Funafuti, Tuvalu’s capital city, and attended a reception to interact with representatives from Taiwan’s deep-sea fisheries sector. The event successfully advanced connections between high-level Tuvaluan officials and Taiwan’s fisheries industry, laying a solid foundation for the deepening of bilateral fisheries cooperation going forward.

    As Tainan continues to celebrate its 400th anniversary of establishment throughout 2024, MOFA also arranged for Prime Minister Teo to visit the city once again. Deputy Mayor Yeh Tse-shan was present to welcome Prime Minister Teo and his delegation. During their stay in Tainan, the group paid a visit to Anping Old Fort, where Taiwan’s rich history and culture and the warm hospitality of the people of Tainan left a deep impression on the visitors.

    Tuvalu is a key ally of Taiwan in the Pacific. This visit—Prime Minister Teo’s second trip to Taiwan since taking office in February—proved to be greatly significant in terms of strengthening bilateral ties. Based on their solid existing foundation of cooperation in such areas as information and communication security, climate change adaptation, medicine and healthcare, women’s empowerment, and offshore fisheries, the two countries will continue to work together to advance the well-being of their peoples and jointly promote prosperity and development in the Indo-Pacific region. (E)

    MIL OSI China News –

  • MIL-OSI China: Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    • Date：2024-10-17
    • Data Source：Department of North American Affairs

    October 17, 2024 

    No. 355

    At the invitation of the Global Taiwan Institute (GTI), a think tank based in Washington, DC, Minister of Foreign Affairs Lin Chia-lung delivered a keynote address via a prerecorded video at its annual symposium held on October 16. He discussed the grave challenges authoritarian coalitions and expansionism pose to the international order and commended the United States for creating a strong and mutually reinforcing latticework of alliances. He said that Taiwan, as an indispensable member of the international community, hoped to promote integrated diplomacy and work with the United States to respond to a variety of challenges. 

     

    Minister Lin explained how China was ramping up military intimidation against Taiwan, in addition to legal, public opinion, and cognitive warfare. He indicated that China was deliberately using gray-zone tactics in an attempt to create a new normal across the Taiwan Strait, which seriously jeopardized peace and stability across the Taiwan Strait and the region. Minister Lin thanked the United States for its staunch commitment to supporting Taiwan’s security, as reflected in such assistance as foreign military financing and presidential drawdown authority in recent years. He affirmed that Taiwan had also been steadily increasing its defense budget as well as whole-of-society defense resilience and defense capabilities. 

     

    Minister Lin stated that the core of integrated diplomacy was the promotion of economic and trade partnerships based on mutual prosperity. He anticipated that through the Economic Prosperity Partnership Dialogue and other platforms Taiwan and the United States would continue to increase supply chain resilience and cooperation in critical areas. He noted that in line with the one plus one equals three concept, Taiwan and the United States could jointly facilitate development in third countries. He added that under the Global Cooperation and Training Framework cooperation with other nations could be expanded to respond to global issues and challenges, paving the way for Taiwan’s policy shift from consolidating diplomatic ties to bolstering the prosperity of diplomatic allies. Emphasizing that Taiwan needed the world and the world needed Taiwan, Minister Lin said that Taiwan would continue to work closely with the United States, allies, and partners to implement integrated diplomacy and expand Taiwan’s international presence. 

     

    GTI was the first think tank in Washington, DC, to focus on Taiwan-related research. The theme of this year’s symposium was “US-Taiwan Relations: An Ironclad Partnership in a Period of Global Disruption.” It explored Taiwan-US defense and security cooperation, the US elections, China’s gray-zone threats, and geopolitical security issues. (E)

    MIL OSI China News –

  • MIL-OSI China: Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    • Date：2024-10-17
    • Data Source：Department of East Asian and Pacific Affairs

    October 17, 2024 

    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.

     

    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.

     

    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 

     

    TECC in Mumbai contact information: 

    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India

    Telephone: +91-22-48943005 / +91-22-48943006

    Emergency hotline: +91-8850842243

    Email: bom@mofa.gov.tw

    MIL OSI China News –

  • MIL-OSI China: MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    October 14, 2024  

    Commenting on China’s joint military drills around Taiwan during an interview with the press on October 14, Japanese Prime Minister Shigeru Ishiba pointed out that peace and security in and around the Taiwan Strait were an extremely important issue to the region. He stated that Japan would carefully monitor the situation and prepare to respond to any development.

     

    The Ministry of Foreign Affairs (MOFA) affirms and appreciates Prime Minister Ishiba’s public expression of great concern and support for peace and stability across the Taiwan Strait immediately after China launched military drills around Taiwan.

     

    Also on October 14, Japanese Minister for Foreign Affairs Takeshi Iwaya and Minister of Defense Gen Nakatani stressed the importance of cross-strait peace to regional security and stability and stated that they would closely monitor the situation and remain vigilant concerning related developments.

     

    Maintaining cross-strait peace and stability is a matter of international consensus. China’s repeated use of pretexts to suppress and intimidate Taiwan has undermined peace and stability across the Taiwan Strait and in the Indo-Pacific. MOFA again urges China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. For its part, Taiwan will continue to enhance its self-defense capabilities and work with the United States, Japan, and other like-minded partners to safeguard the rules-based international order.

    MIL OSI China News –

  • MIL-OSI China: MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    October 14, 2024  

    Following China’s announcement on October 14 of the launch of the Joint Sword-2024B military drills, the spokesperson of the European External Action Service (EEAS) issued a statement later that day pointing out that China’s military activities around Taiwan had further increased cross-strait tensions. The statement reiterated that peace and stability in the Taiwan Strait were of strategic importance to regional and global security and prosperity. It also reaffirmed the European Union’s direct interest in the preservation of the status quo in the Taiwan Strait and opposition to any unilateral attempts to change the status quo by force or coercion. In addition, the European Union called on all parties to exercise restraint and avoid any actions that might further escalate cross-strait tensions and to resolve disputes through dialogue.

     

    The Ministry of Foreign Affairs strongly appreciates that the European Union has continued to pay close attention to Taiwan Strait developments and that it issued a statement reaffirming staunch support for cross-strait peace and stability immediately after China announced the launch of military drills. As a force for good in the world, Taiwan will continue to bolster cooperation and exchanges with European countries and other like-minded partners so as to jointly safeguard the values of freedom and democracy and uphold the rules-based international order, demonstrating to the world Taiwan’s determination to defend democracy. 

    MIL OSI China News –

  • MIL-OSI China: MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    October 14, 2024   

    The US State Department issued a press statement on October 13 stating that the United States was seriously concerned by the People’s Liberation Army (PLA) joint military drills in the Taiwan Strait and around Taiwan, and that the People’s Republic of China (PRC) responding with military provocations to a routine annual speech was unwarranted and risked escalation. In the statement, the United States called on the PRC to act with restraint and to avoid any further actions that may undermine peace and stability across the Taiwan Strait and the region. The statement added that the United States would continue to monitor China’s activities and coordinate with allies and partners regarding their shared concerns.

     

    US Secretary of State Antony Blinken last week publicly emphasized that Taiwan’s National Day address was a routine activity and that China should not use the event as a pretext for engaging in any provocative actions. The Ministry of Foreign Affairs (MOFA) conveys its sincere appreciation to the United States for expressing its serious concerns and reaffirming its security commitments to Taiwan, and for once again focusing attention on the PLA as it uses a routine speech to justify launching military acts of harassment against Taiwan.

     

    MOFA emphasizes that China’s use of President Lai Ching-te’s National Day address as a pretext for applying military pressure on Taiwan and issuing a slew of threatening remarks is a grave violation of the fundamental spirit of the United Nations Charter. Such actions will not only fail to gain the endorsement of the international community, but rather prompt countries to express heightened concern over China’s provocative behavior that disrupts the status quo. MOFA calls on like-minded allies and partners to jointly press China to exercise self-restraint and to cease its intimidation of Taiwan and all activities that undermine peace and stability across the Taiwan Strait and throughout the region.

    MIL OSI China News –

  • MIL-OSI China: MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    October 15, 2024  

    The UK Foreign, Commonwealth and Development Office issued a press statement on October 14 expressing concern over China’s military exercises around Taiwan and adding that these exercises increased tensions and risked dangerous escalation in the Taiwan Strait. In the statement, the United Kingdom reaffirmed its interest in peace and stability in the Taiwan Strait, which it said was of critical importance to global prosperity. The statement reiterated that the Taiwan issue should be settled by people on both sides of the Taiwan Strait through dialogue, without the threat or use of force or coercion. It further said that the United Kingdom did not support any unilateral attempts to change the status quo and called for restraint and the avoidance of any actions that might undermine peace and stability.

     

    The Ministry of Foreign Affairs sincerely appreciates that the UK government has continued to pay close attention to developments across the Taiwan Strait and clearly spelled out the importance of cross-strait peace and stability to global affairs. As a responsible member of the international community, Taiwan will continue to work with like-minded partners to jointly safeguard the rules-based international order. It also hopes that democracies around the world will stand together in urging China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. 

    MIL OSI China News –

  • MIL-OSI China: MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    October 16, 2024

    In response to a question from the media on October 16, a spokesperson for the Australian Department of Foreign Affairs and Trade said that Australia was deeply concerned that China had commenced large-scale military exercises around Taiwan and that Australia urged China to refrain from actions that increased the risk of accident and potential escalation. The spokesperson added that differences should be resolved through dialogue, not the threat of force or coercion, and that peace and stability across the Taiwan Strait were in the interests of all parties. 

    The Ministry of Foreign Affairs (MOFA) sincerely thanks the government of Australia for paying close attention to the Taiwan Strait situation, calling on China to show restraint, and underscoring the importance of cross-strait peace and stability. Taiwan will continue to work with Australia and other like-minded partners to uphold the rules-based international order and advance regional peace, stability, and prosperity.

    MIL OSI China News –

  • MIL-OSI USA: Connolly Leads Bipartisan Letter Urging the Administration to Take Action on Double Taxation with Taiwan

    Source: United States House of Representatives – Representative Gerry Connolly (D-Va)

    Congressman Gerry Connolly (D-VA), a senior member of the House Committee on Foreign Affairs, co-Chair of the Congressional Taiwan Caucus, and the author of the Taiwan Tax Agreement Act of 2023, led four of his colleagues in writing to Secretary of State Antony Blinken and Secretary of the Treasury Janet Yellen to urge the Administration to take action on the issue of double taxation with Taiwan.

    In addition to Connolly, the letter was signed by Congressman Greg Meeks (D-NY), the Ranking Member of the House Committee on Foreign Affairs; Congressman Joe Wilson (R-SC), the Chairman of the House Subcommittee on the Middle East, North Africa, and Central Asia; Congressman Ami Bera (D-CA), the Ranking Member of the House Subcommittee on the Indo-Pacific and a co-Chair of the Congressional Taiwan Caucus; and Congressman Greg Stanton (D-AZ), a member of the House Committee on Foreign Affairs.

    “As supporters of strong commercial ties between the U.S. and Taiwan, we write to urge you to take action to remedy double taxation burdens as we await the Senate passage of Taiwan-related provisions in the Tax Relief for American Families and Workers Act of 2024,” wrote the Members.

    “While we continue to believe legislative action in the Senate, namely the authorization included in the Tax Relief for American Families and Workers Act of 2024, is needed to conclude a double taxation agreement, we welcome the Administration’s desire to begin negotiations between the American Institute in Taiwan and the Taiwan Economic and Cultural Representative Office on said agreement,” the Members continued. “We urge that such negotiations begin in earnest and that the Departments of State and Treasury use existing statutory authority to lower these barriers to trade in order to facilitate investment, protect against tax evasion, and shield businesses and individuals in the U.S. and Taiwan from the strain that double taxation causes.”

    “Taiwan has grown to be an economic juggernaut in the Indo-Pacific and around the world. We must ensure that companies from the U.S. and Taiwan are not disadvantaged in conducting bilateral investment. Curing double taxation will be a clear reassertion of our support for a strong and prosperous Taiwan, for its own sake and as a bulwark against an increasingly aggressive China,” the Members concluded.

    Full text of the letter is available here and below.

    Dear Secretary Blinken and Secretary Yellen:

    As supporters of strong commercial ties between the U.S. and Taiwan, we write to urge you to take action to remedy double taxation burdens as we await the Senate passage of Taiwan-related provisions in the Tax Relief for American Families and Workers Act of 2024.

    While we continue to believe legislative action in the Senate, namely the authorization included in the Tax Relief for American Families and Workers Act of 2024, is needed to conclude a double taxation agreement, we welcome the Administration’s desire to begin negotiations between the American Institute in Taiwan and the Taiwan Economic and Cultural Representative Office on said agreement. We urge that such negotiations begin in earnest and that the Departments of State and Treasury use existing statutory authority to lower these barriers to trade in order to facilitate investment, protect against tax evasion, and shield businesses and individuals in the U.S. and Taiwan from the strain that double taxation causes.

    As one of the world’s largest economies and a major regional player, Taiwan is a critical economic partner for the United States. Taiwan is the United States’ seventh-largest merchandise trading partner, with $128 billion in total goods trade. The U.S., meanwhile, is Taiwan’s second-largest trading partner. In 2023 alone, U.S. direct investment stock in Taiwan grew to $19.3 billion, with Taiwan’s direct investment stock in the United States reaching $15.6 billion, a testament to our ever-growing bilateral economic partnership.

    We must do all we can to strengthen that partnership – including by implementing a tax agreement that removes unnecessary barriers and benefits businesses in both the U.S. and Taiwan. As we await Senate action on Taiwan-related provisions in the bipartisan Tax Relief for American Families and Workers Act, including an authorization for the American Institute in Taiwan and Taiwan Economic and Cultural Representative Office to negotiate a tax agreement, we urge you to take interim steps to allow businesses on either side to invest without the burden of double taxation.

    Taiwan has grown to be an economic juggernaut in the Indo-Pacific and around the world. We must ensure that companies from the U.S. and Taiwan are not disadvantaged in conducting bilateral investment. Curing double taxation will be a clear reassertion of our support for a strong and prosperous Taiwan, for its own sake and as a bulwark against an increasingly aggressive China.

    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Pappas Demands Action on Broken Surveillance Cameras at Southern Border

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Following NBC News report that 30% of the cameras in Border Patrol’s main surveillance system are broken, Pappas demanded action from DHS to urgently address this issue to ensure border security

    Following NBC News’s reporting that 30% of the cameras in Border Patrol’s main surveillance system are broken, Congressman Chris Pappas (NH-01) demanded that U.S. Department of Homeland Security (DHS) Secretary Alejandro Mayorkas immediately address this security lapse to restore real-time border monitoring and ensure border security. 

    A recently circulated Customs and Border Protection’s (CBP) internal memo indicated that nearly one-third, approximately 150 out of 500, of its Remote Video Surveillance Systems cameras are not functioning.

    In the letter, Pappas expressed significant concerns about the delay in addressing CBP’s broken cameras, writing, “If left unresolved, this issue could undermine CBP’s ability to safeguard our borders, impede efforts to interdict fentanyl and other illicit substances, and endanger the safety and security of communities along our borders.”

    He continued, “It is unacceptable that such a significant portion of CBP’s surveillance infrastructure is offline, and worse, that the agency is unaware of how long this situation has persisted. These gaps in surveillance create blind spots that could be exploited by terrorists, drug and human traffickers, and other threats to national security.”

    Noting Republican leadership’s refusal to allow a vote on the Senate’s bipartisan border security bill that would support CBP personnel, Pappas wrote, “Despite the urgency of the situation at the border, Republican leadership has refused to allow a vote on the Senate’s bipartisan border security bill to address the issues along the southern border, which would provide much needed resources to our border patrol personnel and support their work to restore order and address security.”

    Concluding, he demanded action from DHS, “I request a briefing within the next two weeks to discuss CBP’s internal memo, its procedures for monitoring and addressing security gaps, how these lapses are assessed for national security risks, and the agency’s plans and timeline for restoring full camera functionality.”

    Read the full letter here. 

    Background:

    Pappas has been an ardent supporter of bipartisan efforts to address America’s northern and southern border and has called on House Republican leadership to stop blocking the consideration of legislation to restore order and fix the U.S.’s immigration system that has been broken for decades. 

    Pappas is a cosponsor of the Dignity Act, which is comprehensive, bipartisan legislation to address security and infrastructure challenges at the border, hire additional border patrol personnel, establish new pathways for asylum seekers, and create a path to citizenship.

    In March, Pappas helped launch a new border security task force to focus on the need for comprehensive, bipartisan solutions to address the border and fix the broken immigration system. Later that month, Pappas helped to pass the fiscal year 2024 government funding package, which included a $3.2 billion increase in funding for Customs and Border Patrol (CPB), providing for a record 22,000 agents, including 150 counter-fentanyl officers, and needed investments in fentanyl detection equipment.

    In September 2023, Pappas called on House leadership to advance a supplemental appropriations package that expands fentanyl interdiction capacity and improves border security across the country, including along our northern border.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Plastic-free culture established: CE

    Source: Hong Kong Information Services

    (To watch the full media session with sign language interpretation, click here.)

    Chief Executive John Lee said today that the six-month adaptation period for the regulation of disposable plastic tableware and other plastic products has gone smoothly and that a plastic-free culture in the city has been built.

    Prior to attending an Executive Council meeting this morning, Mr Lee elaborated on arrangements concerning the regulation, stating that the sale of various items of disposable plastic tableware will be prohibited in the next phase.

    He said: “This plastic-free culture we want to build – we have already finished the first phase, which was the six-month adaptation period for the first phase of plastic products to be first of all no longer provided, and also not to be offered for sale. I think this six-month adaptation period has gone on smoothly. Generally, I think the culture has been built.”

    The Chief Executive highlighted that the Government will try to help businesses go through the transition. He stressed that before any enforcement action are taken against firms, the Environmental Protection Department will give them 10 days to correct any infringements in their operations.

    “If no correction is taken after 10 days, then enforcement action will be taken,” he added.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    October 14, 2024  

    Commenting on China’s joint military drills around Taiwan during an interview with the press on October 14, Japanese Prime Minister Shigeru Ishiba pointed out that peace and security in and around the Taiwan Strait were an extremely important issue to the region. He stated that Japan would carefully monitor the situation and prepare to respond to any development.
     
    The Ministry of Foreign Affairs (MOFA) affirms and appreciates Prime Minister Ishiba’s public expression of great concern and support for peace and stability across the Taiwan Strait immediately after China launched military drills around Taiwan.
     
    Also on October 14, Japanese Minister for Foreign Affairs Takeshi Iwaya and Minister of Defense Gen Nakatani stressed the importance of cross-strait peace to regional security and stability and stated that they would closely monitor the situation and remain vigilant concerning related developments.
     
    Maintaining cross-strait peace and stability is a matter of international consensus. China’s repeated use of pretexts to suppress and intimidate Taiwan has undermined peace and stability across the Taiwan Strait and in the Indo-Pacific. MOFA again urges China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. For its part, Taiwan will continue to enhance its self-defense capabilities and work with the United States, Japan, and other like-minded partners to safeguard the rules-based international order.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    October 14, 2024  

    Following China’s announcement on October 14 of the launch of the Joint Sword-2024B military drills, the spokesperson of the European External Action Service (EEAS) issued a statement later that day pointing out that China’s military activities around Taiwan had further increased cross-strait tensions. The statement reiterated that peace and stability in the Taiwan Strait were of strategic importance to regional and global security and prosperity. It also reaffirmed the European Union’s direct interest in the preservation of the status quo in the Taiwan Strait and opposition to any unilateral attempts to change the status quo by force or coercion. In addition, the European Union called on all parties to exercise restraint and avoid any actions that might further escalate cross-strait tensions and to resolve disputes through dialogue.
     
    The Ministry of Foreign Affairs strongly appreciates that the European Union has continued to pay close attention to Taiwan Strait developments and that it issued a statement reaffirming staunch support for cross-strait peace and stability immediately after China announced the launch of military drills. As a force for good in the world, Taiwan will continue to bolster cooperation and exchanges with European countries and other like-minded partners so as to jointly safeguard the values of freedom and democracy and uphold the rules-based international order, demonstrating to the world Taiwan’s determination to defend democracy. 

    MIL OSI Asia Pacific News –