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  • MIL-OSI Australia: Call for information – Assault with intent to steal – Katherine

    Source: Northern Territory Police and Fire Services

    Northern Territory Police are calling for information after an assault with intent to steal in Katherine overnight.

    Around 10:45pm, police received reports that five unknown males allegedly smashed the passenger window of a vehicle parked at McDonalds on First street and threatened the occupants with an edged weapon.

    The victims were able to drive away and avoid further confrontation.

    Police urge anyone with information or who witnessed the incident to make contact on 131 444 and reference NTP2400104863.

    Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    MIL OSI News –

  • MIL-OSI Australia: UTAS Inveresk precinct complete with the opening of The Shed

    Source: Australian Ministers for Education

    The University of Tasmania (UTAS) today celebrated the opening of its latest facilities, penning a new chapter in the life of one of Australia’s oldest universities – supported by funding from all three levels of government.

    The Shed, the last of three new buildings at UTAS’s redeveloped Inveresk campus at Launceston, is set to receive students from semester one next year.

    Centrally located opposite City Park, The Shed is the largest of UTAS’s three new facilities, and includes a variety of specialised allied health clinics, science labs and nursing simulation facilities.

    The facility will host community health education programs, professional development workshops, sports science testing and wellbeing initiatives, as well as a range of community activities and events.

    The $97 million project was delivered as part of the $304 million relocation and redevelopment of UTAS’s main Launceston campus from Newnham to Inveresk – which is expected to increase student numbers to 10,000 by 2032.

    This transformation was jointly funded, with $130 million from the Australian Government, $108.6 million from UTAS, $60 million from the Tasmanian Government and $5.4 million from the City of Launceston – as part of the $609.4 million Launceston City Deal.

    Quotes attributable to Federal Minister for Education, Jason Clare MP:

    “Congratulations to the Vice-Chancellor, staff and students on the opening of The Shed right here in the heart of Launceston.

    “This new building will help train more nurses and health workers and support more people in Northern Tasmania to get a crack at going to uni.”

    Quotes attributable to Federal Minister for Regional Development and Local Government, Kristy McBain MP:

    “As someone that had to leave home to attend university, I know how important it is to have education opportunities locally, especially in our regions – because postcodes shouldn’t be a barrier for your future.

    “Having toured this campus last year, I know its central location and high-quality facilities will boost attendance numbers – with 2,400 students already moving to the Inveresk precinct, and around 4,000 students expected from early next year.”

    Quotes attributable to Tasmanian Minister for Education, Jo Palmer:

    “The Shed is an important piece of infrastructure, but it’s what will occur within its walls and upon this new campus that is most important.

    “This project provides exciting opportunities for our young people embarking on their journey of lifelong learning and also for the wider community.

    “Being able to stay in Tasmania and study new courses such as speech pathology, physiotherapy and occupational therapy is so important for our young people.”

    Quotes attributable to Tasmanian Minister for Business, Industry and Resources, Eric Abetz MP:

    “The completion of The Shed is a significant milestone in the Northern Transformation Project. This state-of-the-art facility is a testament to what can be achieved when all levels of government, the University of Tasmania, and the local community work in unison for a common goal.

    “This transformation project is not just about new buildings, it’s about creating an environment that fosters innovation, learning, and growth, with benefits extending well beyond the university’s walls and into the community.

    “It is exciting to see the tangible outcomes of this investment driving significant economic activity across the region—creating jobs, supporting local industries, and delivering long-term benefits to the Tasmanian economy.”

    Quotes attributable to Federal Labor Senator for Tasmania, Helen Polley:

    “We continue to deliver the projects that people in Launceston and across Northern Tasmania deserve – with this transformative campus to ensure people can study in-demand qualifications at home.

    “With the expected influx of new students into Launceston in the coming years, our investment in the University’s presence at Inveresk will support new jobs and stimulate our local economy long into the future.”

    Quotes attributable to City of Launceston Mayor Matthew Garwood:

    “The completion of UTAS’s campus is an amazing milestone for the city and region.

    “Launceston’s CBD has been transformed by the relocation of UTAS’s campus to Inveresk into a vibrant and dynamic precinct.

    “We have seen how the relocation has given confidence to nearby investments in the city, including our own redevelopment of the iconic Albert Hall.

    “Inveresk has now become a really colourful and contemporary part of Launceston, with its links to QVMAG, UTAS Stadium and our CBD.”
     

    MIL OSI News –

  • MIL-OSI Security: Elements of the 15th MEU Return Home from Deployment Aboard USS Harpers Ferry

    Source: United States INDO PACIFIC COMMAND

    CAMP PENDLETON, Calif.  –  

    More than 300 Marines and Sailors with the 15th Marine Expeditionary Unit, embarked aboard USS Harpers Ferry (LSD 49), returned home to San Diego Oct. 16 after completing a seven-month deployment in the U.S. 7th and 3rd Fleet areas of operation.

    The deployment, which began on March 19, marked a milestone as it included the first operational use of the Marine Corps’ new amphibious combat vehicles. The experience and insights gained by the ACV Platoon and Battalion Landing Team 1/5 during this deployment have laid the groundwork for refining tactics, logistics, and maintenance practices for future expeditionary operations.

    “Our team aboard Harpers Ferry made lasting contributions in the Indo-Pacific, conducting training while integrated with our allies, in both the Philippines and South Korea,” said Col. Sean Dynan, commanding officer of the 15th MEU. “They accomplished so much during these seven months while taking on the unique responsibility of employing ACVs on their first deployment. The lessons they learned and the procedures they developed with their Navy counterparts will inform future operations for years to come.”

    Elements of the 15th MEU aboard Harpers Ferry included Marines and Sailors from the Command Element, BLT 1/5, and Combat Logistics Battalion 15.

    During the deployment, 15th MEU forces aboard Harpers Ferry engaged in three major exercises. In the U.S. 7th Fleet area of operations, Marines and Sailors joined other elements of the 15th MEU assigned to the amphibious transport dock USS Somerset (LPD 25) in the Philippines for Exercise Balikatan 24. This bilateral exercise, conducted with the Armed Forces of the Philippines, focused on securing key maritime terrain, conducting simulated long-range precision strikes, and enhancing missile defense capabilities.

    During Balikatan, the ACV Platoon conducted a live-fire waterborne gunnery exercise in Oyster Bay, marking the first overseas employment of ACVs. Using their automated remote weapons systems, the ACVs engaged simulated targets afloat and on shore.

    After the conclusion of Balikatan, the 15th MEU’s force aboard Harpers Ferry remained in the Philippines to participate in Archipelagic Coastal Defense Continuum (ACDC) from May 13-24. ACDC included bilateral training with the Philippine Marine Corps’ 3rd Marine Brigade (3MBDE) to bolster coastal defense strategies. The 15th MEU and 3MBDE conducted large-scale coastal defense rehearsals and completed the largest military convoy to date on Palawan Island, moving forces rapidly to simulate a coastal defense scenario.

    ACDC also featured numerous subject matter expert exchanges between BLT 1/5 and CLB-15 with their Philippine counterparts on various topics, such as weapons employment, unmanned aircraft systems integration, tactical combat casualty care, and motorized operations. These exchanges strengthened U.S.-Philippine bilateral military proficiency and improved mutual understanding of defense tactics in the Philippines.

    Following ACDC in the Philippines, the 15th MEU embarked aboard Harpers Ferry and traveled to Okinawa, Japan. On June 24, Alpha Company, BLT 1/5, and the ACV Platoon conducted a ship-to-shore movement, with the ACVs splashing into the waters off White Beach Naval Facility after Alpha Company’s Marines practiced troop egress and transfer procedures. This marked the ACVs’ first time ashore in a foreign country.

    In August, the 15th MEU’s forces aboard the USS Harpers Ferry arrived in South Korea to conduct two weeks of unit-level training (ULT) alongside the Republic of Korea Marine Corps’ 7th Brigade. During this period, the Marines demonstrated the off-road mobility and automated crew-served weapons capabilities of the new ACVs in a series of live-fire exercises.

    The highlight of their month-long stay was Exercise Ssang Yong 24, where Alpha Company embarked the ACVs for a large-scale amphibious landing at Hwajin-ri Beach near Pohang. Meaning “twin dragons,” Ssang Yong featured the first overseas amphibious assault conducted with ACVs, as U.S. and Korean forces landed together, strengthening the ROK-U.S. Alliance and the capability to defend the Korean Peninsula.

    “Working with our allies in South Korea one-on-one at the tactical level was extremely rewarding for both our Marines and the ROK Marines,” said Capt. Erik Lindskog, the Alpha Company commander. “Through the combined training, both live fire and information exchanges, we learned a lot from each other. In South Korea and in the Philippines, we arrived as training partners, worked through language barriers, and we left as friends.”

    Throughout the deployment, the ACVs demonstrated their versatility, maneuverability, and firepower in various scenarios, ranging from beach assaults to coordinated live-fire defense operations. The data and lessons learned from these exercises will help shape the future use of ACVs in amphibious operations and ensure the Marine Corps continues to refine the tactics and procedures necessary for employing this new platform.

    “The work our Marines and Sailors aboard Harpers Ferry have completed over the past seven months, both strengthening alliances and advancing new Marine Corps capabilities, has been simply outstanding,” said Lt. Col. Nicholas Freeman, the commanding officer of BLT 1/5. “Our ACV Platoon and the rest of Alpha Company have been literally writing the book on employing this platform, albeit with tremendous support from leaders and experts from across our Service. I’m grateful for all the dedication that got us to this deployment, and I’m proud of how this team has done everything they can to help lead the modernization of the assault amphibian community.”

    The 15th MEU’s Marines and Sailors aboard Harpers Ferry played a critical role in advancing U.S. military capabilities in the Indo-Pacific, enhancing regional security by strengthening relationships with key allies, and shaping future deployments of the amphibious combat vehicle in expeditionary environments.

    MIL Security OSI –

  • MIL-OSI Australia: Cyber Security is Everyone’s Business

    Source: Northern Territory Police and Fire Services

    This October is Cyber Security Awareness Month and Northern Territory Police are urging Territorians to take a moment to ensure you’re being Cyber Secure.

    There are still bookings available in both Alice Springs and Darwin for free information sessions for seniors next week.

    Cyber Security is everyone’s business and following the below simple steps can greatly reduce the likelihood you fall victim to cyber criminals.

    Senior Constable Nadine Caulfield with the NT CyberCrime Investigations Unit (CIU) said “Northern Territory Police regularly receive reports where victims have suffered financial loss, or have become a victim of identity theft, and in many cases we investigate, a stronger password or the presence of Multi-Factor Authentication could have prevented it.

    “Those two simple tools remain one of the best defences against cybercrime.  We hear the messaging all the time – update your password, set up multi-factor authentication or two-step verification, and there’s a reason for it –it works. 

    “Last year, the NT CIU was made aware that 39 Australians, from every state and Territory across the country, reported to police that they were victims of online fraud.  Two offenders were identified in the NT.  Both were arrested and charged with 39 counts each of Obtain a Benefit by Deception.  The matter remains before Darwin Local Court with their next appearance is on 18 November 2024.

    “Throughout our investigations, it became apparent that there was likely to be at least another 200 victims of the same online fraud syndicate.  Many people may be ashamed to report that they have been the victim of a scam, but proper reporting gives police the information needed to tackle these offenders head on.

    “NT Police will be jointly presenting in free Cyber Safety Sessions lead by the NT Government in partnership with the Council of Aging NT.”

    The Alice Springs sessions will be held on Wednesday 23 October – the Seniors event at 10am to 11:30am, and the Business event at 1pm to 2.30pm at the Alice Springs Convention Centre.

    The Darwin Seniors session will be held on Friday 25 October at 1pm to 2:30pm at the Council of the Ageing, Spillett House.

    Bookings are essential so register HERE.

    Cybercrime across Australia remains grossly underreported. NT Police encourage all Territorians to make a report if you have been a victim of cybercrime, even if you did not suffer financial loss.

    Reporting has never been more simple by going straight to Cyber Report.

    For more information go to https://becybersmart.nt.gov.au/. 

    MIL OSI News –

  • MIL-OSI Australia: Interview with 4CA AM Murray Jones

    Source: Australian Ministers for Education

    MURRAY JONES [HOST]: Well, having lived in the regions for quite a few years, thankfully I had the opportunity to go to university, studied law actually, many, many years ago. But I remember hearing a statistic in recent times; of the people you may walk past, if you’re walking down Circular Quay in Sydney, one in two of the people that you pass, at least one in two, have a university degree or at least some form of tertiary education. You go further out, further out to the regions, the numbers get down to just one in five with a university degree or some form of tertiary education. It may even be even lower in some areas. So, particularly in the regional areas, getting further education facilities and opportunities, life changing for Australians. My special guest this morning, Assistant Minister for Education, also Assistant Minister for Regional Development, Agriculture, Fisheries and Forestry. He’s got quite the portfolio. Senator Anthony Chisholm joins me from Innisfail. Good morning, Anthony. How are you today?

    ANTHONY CHISHOLM [ASSISTANT MINISTER]: Good, Murray, good to be with you again. And, yeah, a really telling introduction there as well about the challenges that many people in regional Australia face.

    JONES: Yes, certainly when it comes to education. Look, you know, when we talk about, you know, obviously with the Queensland election, a lot of issues of crime, a lot of issues with respect to dysfunction that have come up, the better education, the better you are involved in society and doing things regardless of your age, you’re more likely to be staying off the street, not committing crime, and of course, negotiating this world when it comes to misinformation, disinformation, you know, a good education makes such a difference. So, the reason why you’re here and the reason why we’re talking to you, pretty exciting stuff, actually. Cassowary Coast Innisfail, the Cassowary Coast University Centre, has just been opened. The Innisfail facility, part of twelve new regional university study hubs that have been rolled out, Anthony.

    CHISHOLM: Yeah, really exciting and real pleasure for me to be here today to help open the hub. It’s already got 30 students who are studying here and for me that’s 30 people who might not have taken on a higher education degree if they didn’t have access to the support that these regional university study hubs provide. So, full credit to the Cassowary Coast Council for having the vision. They’ve got a partner in Vocational Partnerships Group who are working with them to make this hub a reality and I’m expecting that it will achieve outstanding results. And those young people growing up in Innisfail who aspire to a higher education degree, what this hub means is that they don’t have to leave town to achieve it. They can stay in their local community, they can have their support network around them of family and friends. And the exciting thing is that the next nurse or teacher that we desperately need in this part of the world can stay and study locally, which is fantastic.

    JONES: Now, it’s not a satellite university as such, I believe it’s not necessarily aligned with any particular university, but at the same time, it’s kind of aligned with all of them I understand.

    CHISHOLM: Yeah, that’s correct. So, this is led by council and obviously they’ve got the partnership with the Vocational Partnerships Group as well. But the beauty of these hubs is they’ve been established around the country and there’s more than 40 operating around regional Australia at the moment, is you can walk into them, you can meet students and they’ll be studying at universities all across the country. And what they get from the hub is that support, that mentoring, that help in navigating, and a high percentage of these people studying are first in family. As you know, Murray, universities can quite often be daunting places when you first turn up or you first engage.

    JONES: Sure.

    CHISHOLM: So, having those people there to support, provide that network to ensure they can navigate and achieve their best results is really important. And that’s what these regional university study hubs are providing around the country. And it’s exciting that that’ll now be an opportunity for students from around the Innisfail area.

    JONES: And look, I understand the statistics, more than 20 per cent of the Innisfail population identifying as First Nations people. So, I guess a great opportunity also for First Nations people to get involved in this particular hub.

    CHISHOLM: That’s right. And one of the things that these hubs have been really successful at is getting out and attending the local high schools and talking to those younger students to give them that hope and ambition that they can actually study at university. It doesn’t mean you’ve got to move away from home. And I think it just opens those eyes and gives people a real incentive to know that they can do – they can study, they can achieve, but they can do it locally. And that, I think particularly with the cost of living at the moment and the challenge that it would be for someone moving away from home, I think having that opportunity to do that locally is tremendous.

    JONES: Yeah, it certainly is. And look, you know, we’ve heard it many times over the years, some of the biggest issues certainly for Australians when it comes to elections, the things that they consider – education opportunities and obviously health, climate change, but particularly education, so important there. And look, you know, from a personal perspective, when it comes to identifying misinformation, disinformation and having an objective view on the world, I think education is just so important. And I’m sure I’ve mentioned to you before, my other half, she’s actually a schoolteacher as well. Can we touch on something? Even though you’re the Federal Assistant Minister for Education, there’s been a lot of talk about school lunches as part of the packages that have been put forward by various political parties. So, there’s been a bit of discussion there. Just in general terms, what do you think, particularly for primary school, for schools to actually be providing school lunches for students?

    CHISHOLM: Yeah, it’s interesting, Murray, and I – as you’re aware, I’m Assistant Minister for Education, so I get to regularly engage with the schooling system around the country. My brother is actually a groundsman at a state school closer to Brisbane as well –

    JONES: Okay.

    CHISHOLM: – so I regularly get updates from him about what he’s up to. But the thing that I’ve noticed is that so many schools around the country are already doing this type of thing, whether it be breakfast programs, whether it be lunch for children. And I think it’s just reflective of the times that we’re in around people doing it tough. Parents are really busy, and there often are schools that are fitting the bridge. So, I can understand why the state thinks that this is a good program to implement across the country and make it more universal and accessible so that all schools have the opportunity to do it. But I think it would be fair to say, and I’m sure you’d get this if you talk to other primary schools, that there’s already something similar being offered across breakfast and lunch for most schools. So, extending that and operating it universally and making sure it’s accessible to everyone, I think is a good announcement by the state government.

    JONES: And, you know, I often do hear it from my partner, you know, just basic things of having food for lunch, even having food the night before, having a clean uniform, all the textbooks, all the facilities and bits and pieces. Maybe not textbook these days, but I guess having those education facilities, you know, having them sorted out for kids is just so important so they can take that step and actually be very much involved in education. So, I’m sure when it comes to those lunches, that’s something we’ll be hearing about a lot more. Great to talk to you about this particular one. It’s the Cassowary Coast University Centre in Innisfail. Nice for you to be spending some time in the region and thank you so much for your time this morning, Anthony Chisholm. Cheers.

    CHISHOLM: Thanks, Murray. Good to be with you again.

    MIL OSI News –

  • MIL-OSI Australia: University of Tasmania ‘The Shed’ opening

    Source: Australian Ministers for Education

    I begin by acknowledging the Traditional Owners of the land on which we are meeting and pay my respects to elders past and present. 

    I also acknowledge: 

    • Tasmanian Minister for Education, Jo Palmer
    • Launceston Mayor, Councillor Matthew Garwood
    • Vice Chancellor Professor Rufus Black
    • My good friend, Senator Helen Polley

    It is wonderful to be here today to open The Shed. I’ve got to say it is the most impressive shed I’ve ever seen. 

    I was here not too long ago when it was still being built.

    It really is fantastic to see it come to life and from next year offering degrees in everything from science, nursing, pharmacy, allied health, medicine and physiotherapy. 

    When I think about the best universities in Australia, I don’t look at rankings. 

    I look at what they do.

    And when I do that, I see universities like you.

    Universities that are the real deal when it comes to fairness and opening the doors of opportunity. 

    When it comes to helping more people from poor families and the regions to get a crack.

    Things that are important to me.

    Last year, 16 per cent of university students were from disadvantaged backgrounds. 

    Here at University of Tasmania it was 25 per cent.

    That sort of university doesn’t just change the lives of the students you teach. 

    It ricochets through generations. 

    It transforms communities. 

    That’s the power of education. 

    That’s why the deal that Jo and I, and the Prime Minister and Premier Rockliff, signed a few weeks ago is so important. 

    Properly funding our schools and tying it to reforms to help young Tasmanians catch up, keep up and boosting the number of children finishing high school.

    Building that bridge to get here. 

    But it’s not just about the number of people who go to university or the number who finish school or go to early education and care.

    It’s even more basic than that. 

    It’s the number of years you are likely to live. 

    Last time I was here, Rufus and I talked exactly about that.

    In Newstead – 2.5 km down the road – the average life expectancy is 85.

    In Grindelwald – 18 km north of here – it is 74.

    11 years less. 

    The average person in Grindelwald lives 11 years less than the average person in Newstead.

    About 25 minutes apart on a good day. 

    And it’s the same if you look in the Hobart region. 

    In Bridgewater, the life expectancy is 67 and in Sandy Bay it’s 86. That’s 19 years less.

    In fact, for every kilometre you travel north away from Sandy Bay, you lose a year of life expectancy. 

    That’s what inequity really looks like in its most awful form. 

    Education can’t change everything. 

    But it is the most powerful change-maker in this country.

    It’s why the reforms I am driving in higher education are about giving more people a crack at university. 

    About breaking down the barrier that stops a lot of people from the outer suburbs and regions getting a look in. 

    It’s why places like this are so important. 

    This is more than just a building, it’s a beacon.

    It shows you know, like I do, that education is the most powerful cause for good in this country. 

    UTAS describes itself as “an agent for change”.

    That’s what education is. 

    It’s the greatest tool we have to build a country where your chances in life don’t depend on who your parents are, where you live or the colour of your skin. 

    A country that the Prime Minister describes as a place where no one is held back and no one is left behind. 

    We can be that country.

    And our education system can make it real. 

    But that means serious reform. 

    The sort we are doing now. 

    And more.

    And it will be better because of what you have built right here in Northern Tasmania. 

    It’s an honour to be here and share this moment with you today.

    MIL OSI News –

  • MIL-OSI New Zealand: Release: Labour supports continuing fight for dairy access

    Source: New Zealand Labour Party

    Labour welcomes the National Government’s decision to further pursue our access to the Canadian dairy market under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

    “This latest decision is a continuation of steps taken by Labour in government to enforce the hard won and valuable concessions negotiated in the 2018 CPTPP trade agreement,” Labour trade spokesperson Damien O’Connor said.

    “Both our countries’ economies could suffer over time if Canada refuses to abide by the terms of the agreement and the rules of international trade.

    “Trade is critical to both Canada and New Zealand, and rules protect both our economies,” said Damien O’Connor.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Release: Job losses devastating for Timaru

    Source: New Zealand Labour Party

    Confirmed news that the Smithfield meatworks will close is devastating for the hundreds of people who work there, Timaru and the wider region.

    “Our worst fear has been confirmed, this closure will leave up to 600 people out of work. Sometimes several members of the same family work in this plant – and this is distressing news for all of them and our community,” Labour MP based in Rangitata Jo Luxton said.

    “These workers contribute to the local economy and businesses, and many have family nearby. Now many of them will have potentially have to leave our community in search of work,” Jo Luxton said.

    This is the latest major employer to close in New Zealand, following hundreds of other manufacturing job losses in the North Island.

    “We are seeing rising unemployment as the government ignores the plight of workers,” Labour workplace relations and safety spokesperson Camilla Belich said.

    “Even through the global economic shock of the pandemic, Labour supported workers and businesses to keep people in jobs. Now, unemployment rises while the government sits on its hands.

    “The Government has chosen to lay off 6000 public servants, has not done anything to help hundreds of workers in the manufacturing sector, and has cancelled Jobs for Nature and reduced funding for Apprenticeship Boost – programmes that help create jobs in our regions.

    “The Government needs to stand up for workers and see the value in keeping people in work,” Camilla Belich said.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X.

    MIL OSI New Zealand News –

  • MIL-OSI: XTOOLOnline Launches the XTOOL D5, D5S, D6, D6S, and IP500 OBD2 Scanner: Trusted Automotive Diagnostic Tools Backed by Industry-Leading Innovation

    Source: GlobeNewswire (MIL-OSI)

    SANTA ANA, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) — XtoolOnline, a leader in advanced automotive diagnostics, has unveiled eight new tools, marking a significant milestone in the brand’s evolution. Jim Jin, CEO of XtoolOnline, stated, “This launch features a comprehensive product matrix, including single-model, four-system, and full-system tools. We developed these offerings to address gaps in our current product line at this price point, cater to diverse consumer needs, and further enhance our brand visibility.”

    XtoolOnline’s newly launched eight tools feature a fresh design, portable size, and robust capabilities. This lineup includes the four-system XTOOL D5 and D5S, the full-system XTOOL D6 and D6S, as well as the four single-model diagnostic tools IP500. The intuitive interface makes them accessible to both novice users and seasoned professionals, ensuring seamless operation and enhanced efficiency.

    D5/D5S: Four-System Diagnostic Tool

    The XTOOL D5/D5S is designed for automotive technicians and DIY enthusiasts looking for reliable diagnostics at an entry-level price. Developed with an in-depth understanding of our customers’ diverse daily diagnostic needs, this tool provides basic diagnostics for four systems, along with complete OBD2 functionality. The D5 includes 9 special functions, while the D5S enhances your capabilities with 15 special functions, making it an excellent choice for those starting in vehicle diagnostics.

    D6/D6S: All-System Diagnostic Tool

    For professionals seeking advanced diagnostic solutions, the XTOOL D6/D6S offers extensive vehicle coverage and comprehensive OBD2 functionality. The D6 includes 15 special functions, while the D6S boasts an impressive 30 special functions. This series is ideal for daily repair tasks, delivering exceptional performance and outstanding value as a cost-effective solution for both seasoned professionals and automotive enthusiasts. The D6 series represents an upgrade from the D5 series, catering to users who require more advanced diagnostic capabilities.

    IP500: All-System, Full-Function Diagnostic Tool for Specific Vehicle Models: IP500-TLS, IP500-BMR, IP500-BCC, and IP500-DJC

    The XTOOL IP500 series is tailored for specific vehicle models such as BMW, Toyota, Buick, and Dodge. These diagnostic tools provide comprehensive full-system and full-function diagnostics, supporting a range of functions, including active tests, calibration, resets, and coding. Ideal for specialized technicians and workshops, the IP500 series delivers precise diagnostics for those working with specific brands.

    XtoolOnline’s newly launched range of these eight products comes with lifetime free updates. XtoolOnline aims for these tools to be your long-term companions, ensuring the safety and optimal performance of your vehicle.

    For more information, please visit http://www.xtoolonline.com

    For Purchase, please visit http://www.xtoolglobal.com

    ABOUT XTOOLONLINE

    Established in 2011, XTOOLonline is the extension of XTOOL, offering a comprehensive range of automotive tools tailored to meet the diverse needs of our global customers. XTOOLonline specializes in delivering top-of-the-line products, we cover a wide spectrum, including cars, trucks, electric vehicle scanners, key programming tools, and code readers.

    XTOOLONLINE Make Repairs Easier-Online Series of XTOOL.

    Media Contact:
    Full company name: XTOOLONLINE
    Company website: http://www.xtoolonline.com
    Name: Jason Lin
    Email id: marketing@xtoolonline.com

    SOURCE Xtoolonline Technology Co, Ltd

    Disclaimer: This content is provided by the sponsor. The statements, views, and opinions expressed in this column are solely those of the content provider. The information shared in this press release is not a solicitation for investment, nor is it intended as investment, financial, or trading advice. It is strongly recommended that you conduct thorough research and consult with a professional financial advisor before making any investment or trading decisions. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc1b5c0d-b496-488a-b45f-58240c5d4b9f

    The MIL Network –

  • MIL-OSI Asia-Pac: HKMA introduces multiple measures to support SMEs’ development, upgrade and transformation

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:
     
         The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced multiple measures today (October 18) to further support, through financing as well as banking products and services, the continuous development of small and medium-sized enterprises (SMEs) and assist them in expanding new businesses and markets.
          
         Since the launch of the nine SME support measures by the HKMA and the Banking Sector SME Lending Coordination Mechanism (Mechanism) in March this year, a total of around 20 000 SMEs have benefitted from the measures, involving an aggregate credit limit of over HK$44 billion. The HKMA has also been deepening its understanding of the challenges and needs faced by SMEs of different sectors through various channels and platforms, including the Taskforce on SME Lending (Taskforce) which was established in August this year, and engagement sessions with over 50 trade associations and their members from different industry sectors.
          
         While Hong Kong is currently undergoing economic transformation, the HKMA and the banking sector are aware of the needs of SMEs to strive for change and adapt to changes in the market and business operating environment. Taking into account the views of the commercial sector, the HKMA and the banking sector will roll out the following five measures to assist SMEs’ continuous development, upgrade and transformation, and enhance their competitiveness and productivity to cope with new operational challenges:
     
         1. Release of bank capital to facilitate the financing needs of SMEs: The HKMA lowered the countercyclical capital buffer (CCyB) ratio from 1 per cent to 0.5 per cent, and will allow banks to early adopt the preferential treatments for SME exposures under the Basel III capital framework. These policies will release bank capital and thereby enable banks to make use of the additional capital to facilitate the financing needs of SMEs. 

         2. Set aside dedicated funds to support SMEs: The 16 banks that are active in SME lending have set aside a total of over HK$370 billion of dedicated funds for SMEs in their loan portfolio. The funds will allow SME customers to access necessary financing for coping with the evolving business environment. The banks will regularly review and consider scaling up the size of their dedicated funds in response to SMEs’ needs and development. 
         â€‹
         3. Launch more credit products and services to assist SMEs’ transformation: Banks will launch more credit products and services to meet the transformation needs of SMEs. Examples include pre-approved credit limits, unsecured loans, cross-border loans, and loans with flexible repayment periods.
     

    On digital transformation, banks will offer e-commerce financing and electronic payment services to enable SMEs in different sectors such as retail, catering and trading to better utilise data and adopt innovative business solutions, so that SMEs can strengthen their marketing and promotion, streamline business processes and save operating costs. 

    On green transformation, banks will actively consider launching relevant advisory services. Through collaboration with green certification agencies, banks can alleviate the costs for SMEs to apply for green certification, thereby supporting their low-carbon transition. Banks will also provide green loans to assist SMEs in purchasing and adopting low-carbon equipment, so as to reduce the SMEs’ own carbon emissions and transform into green suppliers. 

         4. Increase the partial principal repayment options: When an orderly exit from the banking sector’s Pre-approved Principal Payment Holiday Scheme commenced in July 2023, the Mechanism introduced enhanced measures to assist corporates’ gradual return to normal repayment. Since some customers’ partial principal repayment arrangements will expire in early 2025, banks will be accommodative and consider offering more flexible repayment arrangements to help these customers to address challenges encountered during economic transformation. Such arrangements include, for instance, extending the duration of partial principal repayment, offering more options on the proportion and duration of partial principal repayment, or even offering principal moratorium, subject to prudent risk-management principles. The above-mentioned arrangements are also applicable to taxi loans, public light bus loans and commercial vehicle loans taken out by personal customers.

         5. Devote sufficient manpower and resources to implement the enhancements to SME Financing Guarantee Scheme as soon as possible: Banks will allocate adequate resources to process applications and work closely with HKMC Insurance Limited to implement as soon as possible the principal moratorium and other enhanced measures under the SME Financing Guarantee Scheme.

         The HKMA will continue to understand the SME-related business strategies of banks, and maintain close communication with the commercial sectors through the Mechanism and the Taskforce. Seminars and other activities will be organised to promote the SME services, products and schemes offered by the banking sector in the concerted efforts to assist the continuous development, upgrade and transformation of SMEs.
     
    Background
     
    The Banking Sector SME Lending Coordination Mechanism

         The Banking Sector SME Lending Coordination Mechanism was established by the HKMA in October 2019. Participants include 11 banks (Note 1) that are most active in SME lending, the Hong Kong Association of Banks (HKAB) and the HKMC Insurance Limited. During the pandemic, the Mechanism rolled out several rounds of relief measures for corporates, including the Pre-approved Principal Payment Holiday Scheme. In March 2024, the HKMA, together with the Mechanism, launched nine measures to assist SMEs in obtaining bank financing and to support their continuous development.
     
    The Taskforce on SME Lending

         The Taskforce on SME Lending was jointly established by the HKMA and HKAB in August 2024. Participants include representatives of the HKMA, HKAB and 16 banks (Note 2) that are active in SME lending. The Taskforce aims to further strengthen the related work for supporting SMEs in obtaining bank financing at both the individual case and the industry levels. Participating banks of the Taskforce have stated that they would ensure the ongoing effective implementation of the nine SME support measures that were launched previously, and indicated that they had not changed and would not change their risk appetite towards SME financing and related credit approval standards. The participating banks would also strive to treat customers fairly and communicate with customers in an accommodative manner.
     
    Note 1: Bank of China (Hong Kong), Bank of East Asia, China Construction Bank (Asia), Citibank, Dah Sing Bank, DBS Bank (Hong Kong), Hang Seng Bank, The Hongkong and Shanghai Banking Corporation, Industrial and Commercial Bank of China (Asia), OCBC Bank (Hong Kong), and Standard Chartered Bank (Hong Kong).

    Note 2: Including the 11 banks participating in the Mechanism, and Bank of Communications (Hong Kong), China CITIC International, Fusion Bank, Nanyang Commercial Bank and PAO Bank.

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: 222-2024: Australian Fumigation Accreditation Scheme: treatment provider suspended – Cargo Quarantine Lanka Company (AEI: LK0004MB)

    Source: Australia Government Statements – Agriculture

    18 October 2024

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following identification of critical non-compliance, we have suspended Cargo Quarantine Lanka Company (AEI: LK0004MB) from the…

    MIL OSI News –

  • MIL-OSI New Zealand: Shoplifter arrested following assault, Gisborne

    Source: New Zealand Police (National News)

    Attributable to Acting Senior Sergeant Warren Sangster, Gisborne Response Manager:

    One person has been arrested after allegedley assaulting supermarket staff while attempting to steal gorceries from a Gisborne Supermarket.

    Around 4:45pm yesterday, Thursday 17 October, Police responded to the Wainui Road address where an alleged shoplifter had assaulted staff while stealing items.

    Thanks to CCTV and information from staff at the supermarket Police located the shoplifter later that night at her home address.

    A 44-year-old woman is due to appear in the Gisborne District Court Wednesday 23 October on charges of assault and shoplifting.

    It is absolutely unacceptable for staff just trying to go about their daily jobs to be assaulted or verbally abused. We will not tolerate violence in our community.

    Police will continue our work to identify locate and apprehend those who put others in harm’s way. 

    If you witness any unlawful activity please contact Police on 111 if it’s happening now as soon as possible with as much information as possible.

    ENDS

    Issued by Police Media Centre 
     

    MIL OSI New Zealand News –

  • MIL-OSI USA: Readout of Chairman of the Joint Chiefs of Staff Gen. CQ Brown, Jr.’s Meeting with Singapore’s Chief of Defence Force Vice Adm. Aaron Beng

    Source: US Defense Joint Chiefs of Staff

    Headline: Readout of Chairman of the Joint Chiefs of Staff Gen. CQ Brown, Jr.’s Meeting with Singapore’s Chief of Defence Force Vice Adm. Aaron Beng

    Chairman of the Joint Chiefs of Staff Gen. CQ Brown, Jr., met with Singapore’s Chief of Defence Force Vice Adm. Aaron Beng yesterday at the Pentagon.

    Gen. Brown and Vice Adm. Beng discussed current threats in the Indo-Pacific region and opportunities for interoperability between militaries. As part of his formal counterpart visit, Vice Adm. Beng also participated in an Armed Forces Full Honor Arrival ceremony hosted by Gen. Brown at Joint Base Myer-Henderson Hall.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Monetary Authority announces countercyclical capital buffer ratio for Hong Kong

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:
         
         The Monetary Authority announced today (October 18) that the countercyclical capital buffer (CCyB) ratio for Hong Kong is reduced from 1 per cent to 0.5 per cent with immediate effect.
          
         The Monetary Authority, Mr Eddie Yue, said, “While the local economy has continued to recover, the risk of economic overheating is well contained as suggested by the quantitative indicators. Facing changes in the market landscape, certain sectors in the domestic economy, in particular the SMEs, are nevertheless still seeing challenges in their business operations amid uncertainties in the external and local economic environment. It is therefore appropriate to reduce the CCyB moderately to allow banks to be more supportive to Hong Kong’s economy. Together with the other measures already introduced by the HKMA to support SMEs, we expect banks to make use of the additional leeway provided by the lower CCyB to further facilitate the financing needs of local SMEs. A gradual increase in the CCyB for Hong Kong will only be considered in the future when data suggest that there is more broad-based growth in the domestic economy and when the credit and property market conditions suggest a higher CCyB is warranted.”
          
         Further details of the decision may be found in the Announcement of the CCyB to Authorized Institutions on the HKMA website.
          
    Background

         In setting the CCyB ratio the Monetary Authority considered a series of quantitative indicators and qualitative information including an “indicative buffer guide” (which is a metric providing a guide for CCyB ratio based on the gap between the ratio of credit to GDP and its long term trend, and between the ratio of residential property prices to rentals and its long term trend). The latest indicative buffer guide calculated based on 2024Q2 data and the Positive Neutral CCyB (Note) according to the revised formula, signals a CCyB of 1 per cent. The projection based on all available data suggests that the indicative buffer guide would likely signal a CCyB of 1 per cent when all relevant 2024Q3 data become available.
          
         The indicative buffer guide, as its name suggests, provides only a “guide” for CCyB decisions, and the determination of the jurisdictional CCyB ratio for Hong Kong is not a mechanical exercise. In addition to the indicative buffer guide, the Monetary Authority also reviewed other relevant information. While the local economy has continued to recover, the risk of economic overheating is well contained as suggested by quantitative indicators. Facing changes in the market landscape, certain sectors in the domestic economy, in particular the SMEs, are nevertheless still seeing challenges in their business operations amid uncertainties in the external and local economic environment. Together with the other measures already introduced by the HKMA to support SMEs, a lower CCyB will provide banks with additional leeway to further facilitate the financing needs of local SMEs.
          
         The CCyB is an integral part of the Basel III regulatory capital framework and is being implemented in parallel by Basel Committee member jurisdictions worldwide. The CCyB has been designed by the Basel Committee to increase the resilience of the banking sector against system-wide risks. The banking sector can then act as a “shock absorber” in times of stress, rather than as an amplifier of risk to the broader economy.
          
         The power to implement the CCyB in Hong Kong is provided by the Banking (Capital) Rules, which enable the Monetary Authority to announce a CCyB ratio for Hong Kong. The specific CCyB requirement applicable to a given Authorized Institution (AI) is expressed as a percentage of its CET1 capital to its total risk-weighted assets (RWA). Each AI’s CCyB requirement may vary depending on the geographic mix of its private sector credit exposures and the CCyB applicable in each jurisdiction where it has such exposures.

    Note: Under the Positive Neutral CCyB approach, authorities aim for a positive CCyB when risks are judged to be neither subdued nor elevated. Please refer to http://www.bis.org/publ/bcbs_nl30.htm for more information.

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: 18 October 2024 Customers advised about potential issue with home heater In a precautionary move, Kāinga Ora is advising customers with a Goldair 2kW Hi-Wall heater (model GCW220) installed in their home not to use them for now.

    Source: New Zealand Government Kainga Ora

    Nick Maling, General Manager National Services, says some of our customers have reported issues with the heaters sparking and the plastic casing being damaged by heat.

    “We are asking customers with this model of heater in their home to stop using them.

    “We have also informed WorkSafe New Zealand and the product supplier, who has advised the manufacturer. As the regulator, WorkSafe will determine the next steps.

    “If customers have not yet heard from us and they have one of these heaters in their home, we ask that they not use the heater until further notice.”

    If customers have any questions or concerns, they can call Kāinga Ora on 0800 801 601 and one of the team will be able to help them.

    The Goldair Hi-Wall heater (model GCW220) looks like this.

    Page updated: 18 October 2024

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Kinglake Fire Brigade reflect on 80 years

    Source: Victoria Country Fire Authority

    CFA Board Member Tony Peake with Captain Paul Buck

    It was a celebratory weekend for Kinglake Fire Brigade members, who marked their 80 years of service alongside their families and friends at Lawsons Restaurant on Saturday, 12 October.

    Having missed their 75th milestone during COVID years, the occasion was highly anticipated and one that allowed for many reflections.

    Newly appointed Captain Paul Buck said although they have a dinner every year with Service Awards presented, the evening involved a great deal of reminiscing.

    “It was a great night to all get together and touch on the highs and lows the brigade has been through over the years,” Paul said.

    “We had a photo slideshow that led to many conversations from the long-serving members who fondly recounted the memories on screen.”

    Paul said it has been interesting to navigate the aftermath of the 2009 Black Saturday bushfires which saw severe devastation in the township, claiming 120 lives in the area.

    “The response and loss have had such a long-lasting effect on the community, and the brigade, and it will continue to do so. It’s something that is always talked about – you can’t forget what happened,” Paul said.

    “You see the members that drifted away initially, then those that were here at the time start to get on in age or slowly take a step back, or worse, pass away.”

    When powerful winds brought down powerlines in Kilmore East on the morning of 7 February 2009, the afternoon saw it spread right through to Kinglake National Park before merging into the most significant fire – the Kinglake Fire Complex.

    “We’re very mindful of the long-drought conditions that lead into that year and although we’re not in that situation now, we do talk about it in our preparations for the upcoming fire season.

    “We do stay green a lot longer up here than other parts of Victoria, so we do face challenges when preparing the community for fire.

    “Although the northern part of our district like Yea and Seymour dry out a lot earlier, it’s hard for us to tell people to prepare when they’re still cutting green grass rather than bailing hay.

    “By the time we’re drying out, we’re in the middle of the Christmas period and into January.”

    Over the last 18 months, the brigade has embarked on a recruitment drive, leading to five new operational firefighters who have just completed their general firefighter training.

    “We’re in that rebuilding phase, which was kicked off by the previous Captain who recently moved out of the area, so we picked it up and kept running with it,” Paul said.

    “We’ve got a couple of 17-year-olds in the mix, one who has come over with his mum and dad. Plus, an 18-year-old and two more locals who have just gone through their expression of interest. We’ll aim to have up and running by fire season.

    “We’re hoping with more numbers this season we can really start to engage more with the community to get us all prepared for the season.”

    While they currently reside in a co-located station with SES that was opened in 2012 following the fires, interestingly the old untouched rusty tin shed that was once the original fire station sits just 50m away.

    “There’s also an intermediate station that is next to the pub that is still standing,” Paul said.

    “It’s pretty special to have three sheds all so close together that represent the history of the brigade from beginning to current day.”

    Submitted by Lucy Bishop

    MIL OSI News –

  • MIL-OSI Australia: Hats in the air for new PSOs

    Source: South Australia Police

    Weeks of comprehensive training have paid off for 11 new Police Security Officers (PSO) who today graduated from the South Australia Police (SAPOL) Academy.

    Ranging in age from 19 to 39, 10 men and one woman have been welcomed into the blue family and share a desire to help the community.

    Course 3 graduates bring a variety of work experience to the role, including in retail, fitness, healthcare, labour, HR, customer service, and childcare.

    Former flight attendant, Marcio, was living in Dubai when his journey towards a new SAPOL career began.

    “I was working as a flight attendant for an airline up to June 2023. I met my wife, who is from Adelaide, in 2014 while doing our flight attendant training course,” he said.

    “We got married and welcomed our baby boy in 2022 and decided that it was time to retire our wings and the nonstop flight attendant lifestyle to give full attention to our growing family.

    “I feel very lucky to have travelled the whole world and met so many people of diverse cultures and backgrounds.”

    Australia is the fourth continent Marcio has lived in during the past 14 years.

    “I lived in Dublin, Ireland in 2010/11. I was back in Brazil in 2012/13, and from 2014 to 2023 I was in Dubai and now Australia for the foreseeable future,” he explained.

    “Throughout my time at SAPOL’s academy I have become more aware of things happening around me and more situationally aware now. My active listening skills have improved.

    “I am really excited to graduate and start doing the job I have been training so hard for. I will likely be posted to the Police Security Services Branch where I will work across many important government sites and on metro patrols.”

    Fellow graduate, Libby, was working as a childcare educator and playing SANFLW before joining SAPOL.

    “Learning to communicate with children and their families has helped my communication skills throughout the academy,” she said.

    “I’m excited to work in the variety of roles the Police Security Services Branch has to offer, including custody management, school patrols, and getting to communicate with the community daily.

    “Throughout my time at the academy, participating in the Operational Safety Training Exercises (OSTT) was one of the most memorable experiences.”

    Libby plans to undertake SAPOL’s Constable Development Program in the future, after seeing how far she can go in the PSO role.

    Both graduates encouraged anyone thinking about a new career to consider joining SAPOL.

    “It’s like joining a tight-knit family,” Marcio said.

    “I really get that welcoming feeling every time I bump into a PSO in the corridors of the police academy.”

    Libby similarly felt accepted and supported throughout her training.

    “Everyone in our course had their strengths and weaknesses and as a group we were able to work together to help everyone graduate, backed by our mentors,” she added.

    If you’re looking for job security, career progression pathways and a chance to make a real difference in local communities visit Achievemore – Join Us (police.sa.gov.au)

    Marcio and Libby are among 11 new Police Security Officers to graduate today from the South Australia Police Academy.

    MIL OSI News –

  • MIL-OSI China: China’s major lenders lower deposit interest rates

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

    BEIJING, Oct. 18 — China’s major state-owned commercial banks announced Friday reductions in deposit interest rates.

    The one-year fixed-term deposit interest rate was cut by 25 basis points to 1.1 percent, according to the official deposit interest rates released by Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China and Bank of Communications.

    After the reductions, the deposit interest rates with terms of 2, 3 and 5 years are 1.2 percent, 1.5 percent and 1.55 percent, respectively.

    This was the second deposit interest rate cut for state-owned big banks in 2024, with previous cut implemented in July.

    China’s central bank announced a raft of monetary stimulus at a press conference last month, calling for efforts to create a sound monetary and financial environment for stable economic growth and high-quality development.

    MIL OSI China News –

  • MIL-OSI China: Chinese vice premier urges efforts to ensure full-year bumper harvest

    Source: China State Council Information Office 2

    Chinese Vice Premier Liu Guozhong has called for effective efforts in agriculture, farmer support and rural development to secure a bumper grain harvest for the whole of 2024.
    Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an investigation and research tour of southwest China’s Chongqing Municipality and central China’s Hubei Province from Monday to Thursday.
    During the tour, Liu underscored the importance of advancing the autumn harvest, calling for the adequate supply of agricultural materials and steady cultivation of high-quality farmland.
    It is also crucial to better connect farm produce production and sales in rural areas, and develop rural industries tailored to local conditions to help farmers increase incomes, he said.
    Liu also visited the Three Gorges project, observing its operations and learning about local geological disaster prevention efforts in the reservoir area. He urged relevant authorities to integrate digital and smart technologies into their management to maximize the project’s roles in flood prevention, power generation, shipping and water conservancy.
    Work should also be done to identify geological risks and leverage modern monitoring technologies to ensure the safe and sound operations of the project, Liu added.

    MIL OSI China News –

  • MIL-OSI China: Ringing through time: Sightseeing on a Beijing ‘dangdang’ bus

    Source: China State Council Information Office 2

    A century ago, Beijing’s first tram service started operation with copper bells that produced clear and crisp rings to signal its arrival and caution pedestrians of its approach. This distinctive “dang” sound become familiar to local residents and eventually earned the tram service’s vehicles the affectionate name of “dangdang” buses. Today, “dangdang” buses can be seen around the capital’s tourist hot spots and still resembling these early trams.
    On Oct. 15, journalists from various media outlets hopped on a few of these old-fashion buses for a cultural heritage excursion along Beijing’s Central Axis. Starting at Qianmen Street, a popular commercial street located along the axis, the excursion was part of “High-Quality Development Research Trip” interview activities and visited 15 cultural heritage sites. From the moment they stepped onto the buses, participants were fully immersed in the capital’s profound historical heritage.

    A modern “dangdang” bus with a vintage appearance similar to the original “dangdang” buses in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Wang Yu, a talkative tour guide on this sightseeing activity, told countless stories about the historic and cultural scenic spots along the journey’s route, included Zhengyangmen, Yongdingmen, the Temple of Heaven, Tiananmen Square, the Forbidden City, and Jingshan Park .

    The vintage-style decorations inside a modern “dangdang” bus in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Sightseers on the bus all praised Wang’s vivid and interesting explanations. “We not only admired the beautiful scenery along the central axis but also learned a lot of interesting historical stories,” said Li Jiayue, a journalist for China News Service who participant in this interview activity.

    The view of Tiananmen Square from a “dangdang” bus during its route along the capital’s Central Axis in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Besides conveying historical information, Wang also enthusiastically shared that the Great Beijing Central Axis sightseeing bus tour not only attracts local Beijingers who want to reminisce about the old days but also domestic and foreign tourists who come to Beijing for its reputation.
    Since its launch in August, the Great Beijing Central Axis sightseeing bus tour has seen an average of 4,000 passengers daily on their 41 “dangdang” buses, according to Yun Haibing, the director of the Beijing Tourism Distribution Center’s market management department. Yun also said that during the recent National Day holiday demand for bus tickets surged, with approximately 98,000 tourists in total going on guided bus tours.
    In addition to listening to explanations full of Beijing flavor, passengers also sampled some traditional culinary treats, such as Peking Duck, as well as got a taste of local intangible cultural heritage. Through lively allegro performances, participants enjoyed classic stories related to the Central Axis.

    A China allegro performance on a “dangdang” bus as it travels along the Central Axis in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Considered the spine of Beijing’s urban layout, the Central Axis was added to the World Heritage List on July 27, 2024. After receiving this honor, the already well-known scenic spots along the Central Axis saw a rise in their popularity. A month later, eight sightseeing bus routes, such as the Great Beijing Central Axis sightseeing bus tour, were launched, offering more options for tourists to experience Beijing’s rich cultural heritage and boosting the city’s sightseeing bus tourism.

    MIL OSI China News –

  • MIL-OSI USA: Schatz Statement On Defense Department Correcting Discharges For Service Members Unfairly Discharged Under ‘Don’t Ask, Don’t Tell’

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    Schatz Has Led Bipartisan Efforts in the Senate to Correct Records, Reinstate Benefits for Impacted Veterans

    WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) released the following statement after the Department of Defense announced that more than 800 service members who were unfairly discharged from the military under ‘Don’t Ask, Don’t Tell’ will be upgraded to an honorable discharge.

    “It’s long past time that LGBTQ+ veterans who bravely served our country received the honorable service records they deserve and the benefits that go with it,” said Senator Schatz. “While these record corrections are welcome relief for hundreds of service members, it’s essential that the Department of Defense continues its efforts to ensure they receive the full benefits they are entitled to and any veterans not included in this review receive upgrades as quickly as possible.”

    Schatz has led bipartisan efforts in the Senate through the Restore Honor to Service Members Act to correct the military records of service members unjustly discharged on the basis of their sexual orientation under ‘Don’t Ask, Don’t Tell’ and support access to the benefits they have earned.

    MIL OSI USA News –

  • MIL-OSI USA: Schatz Statement On Death Of Hamas Leader Yahya Sinwar

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i), a member of the Senate Foreign Relations Committee, released the following statement on the death of Hamas leader Yahya Sinwar.

    “As the leader of Hamas and the mastermind of the October 7th attack in Israel, Yahya Sinwar is responsible for the murders of thousands of innocent civilians, including Americans. His death is welcome news, and we hope it will provide a measure of justice and comfort to the families of victims and hostages terrorized by Hamas. At the same time, this news should set the stage for an end to this cycle of violence and bloodshed, the return of all remaining hostages, and lasting stability and peace in the region.”

    MIL OSI USA News –

  • MIL-OSI USA: Schatz Statement On FTC Click-To-Cancel Rule

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON –U.S. Senator Brian Schatz (D- Hawai‘i) today released the following statement after the Federal Trade Commission (FTC) announced its final “click-to-cancel” rule that would help customers more easily get out of unwanted subscriptions.

    “Free trials should be free, but instead some companies have used that model to lure and trap customers into subscriptions with costly monthly charges they never meant to make. That’s why I introduced a bill to stop those kinds of deceptive business practices. While this FTC action is a good step in the right direction, we also need to pass the Unsubscribe Act to provide consumers with more transparency and protections.”

    Senator Schatz previously introduced the Unsubscribe Act, bipartisan legislation that would require companies to be more transparent about subscription-based business models and make it easier for consumers to cancel their subscriptions once their free or reduced price trial period has ended.

    MIL OSI USA News –

  • MIL-OSI USA: Cassidy Tours Bayou Bend Health and Wellness Center

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    LAFAYETTE – Today, U.S. Senator Bill Cassidy, M.D. (R-LA) toured the Bayou Bend Health and Wellness Center, which has served patients in St. Mary Parish since 1953 and provides many of the same services a patient can find at hospitals in large cities.

    “As a doctor, I know that good health care is important for the individual, the family, and the community,” said Dr. Cassidy. “Families will move to a community based upon the quality of their health care. Bayou Bend is meeting those needs and then some.”
    Last July, Cassidy reintroduced the bipartisan Treat and Reduce Obesity Act, which would expand coverage of chronic weight management medications and specialists within Medicare. 
    Additionally, Cassidy has introduced legislation to support rural health care and the communities they serve. That includes the Protecting Access to Ground Ambulance Medical Services Act to support rural ambulance services, the PEERS in Medicare Act to encourage peer counseling for senior citizens, and the CONNECT for Health Act to support telehealth through Medicare. The announcement by Cassidy and Governor Jeff Landry in August of $1.35 billion from the Infrastructure Investment and Jobs Act (IIJA) for rural broadband will help provide the foundation necessary to expand telehealth throughout Louisiana.

    Bayou Bend provides numerous medical services to its patients, including respiratory therapy, radiology, pain management and rehabilitation, maternity and newborn nursery services, and surgical care. Their Wellness Center features a fitness center with an indoor walking track, group exercise studios and a place for cycling, as well as space for wellness testing and expanded therapy. Cassidy toured both the hospital and wellness center and was led by Ms. Stephanie Guidry, CEO of Bayou Bend.
    “We are so thankful that Senator Cassidy took some time out of his schedule for a tour,” said Ms. Guidry. “We had wonderful discussions about Bayou Bend’s growth and strategy to transition from treating illness to creating wellness in the communities we serve. During the tour of our Wellness Center, we share some patient success stories that illustrate our efforts to combat diseases like hypertension and diabetes through wellness initiatives. We also shared that in just our first year open, we’ve had over 100,000 check-ins to the facility, and members have recorded almost 10 million calories burned! Our team has done a tremendous job of providing a place that is ‘more than just a gym,’ and I think our community is better off because of it.”

    Later, Cassidy visited local leaders in Morgan City, including the Mayors of Morgan City and Franklin and the Executive Director of the Morgan City Harbor and Terminal District. He led a discussion on improving St. Mary Parish’s infrastructure, among other topics. Cassidy’s IIJA has delivered millions of dollars throughout the parish, including nearly $20 million to the U.S. Army Corps of Engineers in 2022 for construction, damage repairs, and levee surfacing replacements along the Atchafalaya Basin, and $10 million that October to expand the Port of Morgan City’s dock. Additionally, in a separate appropriation for Fiscal Year 2024, Cassidy secured $2.3 million to upgrade the emergency operations center at the port.

    Along with mayors and other officials, Cassidy met with Mr. Evan Boudreaux, Director of Economic Development, Policy and Government Affairs for the parish.
    “A critical factor in cultivating long-lasting economic growth in any community is having all of your partners come to the table to move the needle on addressing local challenges,” said Mr. Boudreaux. “Senator Cassidy is one of the best friends St. Mary Parish has. Without the leadership of Senator Cassidy on legislation such as the Bipartisan Infrastructure Law, St. Mary would not have been able to access or compete for funding to address some of our greatest hindrances to creating a more vibrant community.”

    MIL OSI USA News –

  • MIL-OSI New Zealand: Health and Employment – Nursing students rally across the country

    Source: New Zealand Nurses Organisation

    Kindly note the Wellington rally has been moved to North City, Porirua, Top Carpark by Food Court.
    On Saturday (tomorrow), New Zealand Nurses Organisation Tōpūtanga Tapuhi Kaitiaki o Aotearoa (NZNO) nursing students take their struggle to the streets calling on the Government to invest in their futures with paid training.
    Students are given no additional financial help during clinical placements which sees them working full time without pay for up to 12 weeks – and often away from their hometown.
    Existing student allowances aren’t enough to cover even the most basic necessities.
    Rallies take place at nine centres across the country.
    • Whangārei, 10am-12pm, Tarewa Park, 92 Otaika Road, Raumanga
    • Auckland, 10am-12pm, Lumsden Green, corner of Broadway and Khyber Pass Rd, Newmarket
    • Hamilton, 10am-12pm, The Base intersection of Te Rapa Rd and Kawera Place
    • Mt. Maunganui, 10am-12pm, ‘Te Papa o Ngā manu Porotakataka’ town square
    • Napier, 10am-12pm, Napier Sound Shell, Marine Parade
    • New Plymouth, 10am-12pm, Huatoki Plaza
    • Palmerston North, 10am-12pm, Te Awe Awe Quadrant, The Square
    • Wellington, 11.30-1.30pm, North City, Porirua, Top Carpark by Food Court
    • Nelson, 10am, Trafalgar St Church steps.

    MIL OSI New Zealand News –

  • MIL-OSI Economics: Lufthansa Cargo appoints Elodie Berthonneau as Vice President Asia Pacific

    Source: Lufthansa Group

    As of 1 October 2024, Elodie Berthonneau will take over the position of Vice President Asia-Pacific at Lufthansa Cargo in Singapore. She will head the sales and handling organization in one of the most important markets for Lufthansa Cargo. This includes among others the regions China, Japan, South Korea, Thailand, Vietnam, Singapore, Malaysia, Indonesia, Philippines and Oceania. Berthonneau joins Lufthansa Cargo from Qatar Cargo where she was Vice President Network Planning and Strategic Partnership.

    With more than 25 years of experience in the aviation industry, Berthonneau has held various management positions in sales, pricing, profit management and strategic planning at Qatar Airways and Air France KLM. Her previous roles have included building start-ups, restructuring organizations, network redesign, major strategic partnerships and people management. Having worked in Europe, the Middle East and Asia, she also has broad international experience.

    “We are happy to welcome Elodie Berthonneau as Head of Asia Pacific. The Asian region is one of our most important markets and is expected to become even more relevant in the coming years. Combining her expertise and experience within the industry and the Lufthansa Cargo brand and knowledge, she will set new accents in our Asia Pacific organization and in the dialogue with our customers,” explains Anand Kulkarni, Head of Global Markets at Lufthansa Cargo

    About Lufthansa Cargo

    With revenue of 3.0 billion euros and a transport performance of 7.5 billion freight ton kilometers in 2023, Lufthansa Cargo is one of the world’s leading companies in the transport of airfreight. The company currently employs around 4,150 people worldwide. Lufthansa Cargo’s focus is on the airport-to-airport business. The route network covers around 300 destinations in more than 100 countries, using both freighter aircraft and cargo capacity from passenger aircraft operated by Lufthansa, Austrian Airlines, Brussels Airlines, Discover Airlines and SunExpress, as well as trucks. The majority of the cargo business is handled via Frankfurt Airport. 

    MIL OSI Economics –

  • MIL-OSI Economics: Money Market Operations as on October 17, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 556,222.72 6.29 0.01-6.50
         I. Call Money 8,226.89 6.43 5.10-6.50
         II. Triparty Repo 406,519.90 6.28 6.16-6.40
         III. Market Repo 140,522.93 6.31 0.01-6.50
         IV. Repo in Corporate Bond 953.00 6.41 6.39-6.50
    B. Term Segment      
         I. Notice Money** 122.10 6.30 6.10-6.45
         II. Term Money@@ 380.00 – 6.75-6.90
         III. Triparty Repo 231.00 6.45 6.35-6.45
         IV. Market Repo 98.04 6.55 6.55-6.55
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Thu, 17/10/2024 1 Fri, 18/10/2024 40,385.00 6.49
    3. MSF# Thu, 17/10/2024 1 Fri, 18/10/2024 5,717.00 6.75
    4. SDFΔ# Thu, 17/10/2024 1 Fri, 18/10/2024 82,925.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -117,593.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Fri, 04/10/2024 14 Fri, 18/10/2024 44,275.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Mon, 14/10/2024 4 Fri, 18/10/2024 24,070.00 6.49
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,222.87  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -57,582.13  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -175,175.13  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on October 17, 2024 984,522.44  
         (ii) Average daily cash reserve requirement for the fortnight ending October 18, 2024 1,001,756.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 17, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on September 20, 2024 418,318.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1328

    MIL OSI Economics –

  • MIL-OSI USA: Warren’s JROTC Reforms in Action: Defense Department Puts Key Protections in Place to Protect Students

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    October 17, 2024
    Key reforms Sen. Warren secured in FY 2024 NDAA to protect JROTC students from sexual misconduct by instructors are now being implemented by DoD
    “I fought hard to get these provisions into the NDAA because it’s critical that we protect JROTC students from harm.”
    Boston, MA — In its response to a July letter led by Senator Elizabeth Warren (D-Mass.), Chair of the Senate Armed Services Subcommittee on Personnel, the Department of Defense (DoD) confirmed that it is implementing key reforms that Senator Warren secured in the fiscal year (FY) FY 2024 National Defense Authorization Act (NDAA) to protect Junior Reserve Officers’ Training Corps (JROTC) students from sexual misconduct by instructors and forced enrollment. The reforms include a standardized memorandum of agreement (MOA) to hold schools and instructors accountable, a student code of conduct and parent/guardian consent form  to provide resources and support for students and families, and prohibitions on forced enrollment, requirements for schools to quickly report allegations of instructor misconduct to DoD. 
    “It’s unthinkable that students who have joined JROTC to develop leadership skills and learn about military service have been abused by their instructors — adults they’re supposed to be able to trust,” said Senator Warren. “I fought hard to get these provisions into the NDAA because it’s critical that we protect JROTC students from harm. I’m glad to see the Department of Defense taking important steps to implement these reforms, and I’ll keep working to make sure they’re put into action as effectively as possible.”
    In July, Senator Warren led Senators Richard Blumenthal (D-Conn.) and Mazie Hirono (D-Hawaii), members of the Senate Armed Services Committee, and Senator Bernie Sanders (I-Vt.), Chair of the Senate Health, Education, Labor, and Pensions Committee, in urging the Department of Defense to fully implement FY 2024 NDAA provisions from the Junior Reserve Officers’ Training Corps (JROTC) Safety Act of 2023. The letter followed a Warren-led Senate investigation revealing that between 2012 and 2022, DoD had received 114 allegations of violence, including sexual abuse and sexual harassment of JROTC students by instructors. The investigation was conducted after a 2022 New York Times report that exposed an alarming pattern of sexual assault and harassment in the program. In many cases, reports of sexual harassment or assault went nowhere and instructors who were reported would escape without consequence.
    Key provisions being implemented as a direct result of Senator Warren’s provisions from the JROTC Safety Act in the FY 2024 NDAA and her ongoing advocacy include:
    Holding schools and instructors accountable: DoD has standardized a MOA to use with institutions with JROTC programs. The addendums specific to each military service are being finalized and expect to be fully used this academic year. DoD developed the JROTC Instructor Prohibited Activities Acknowledgement form, which JROTC Instructors must review and acknowledge annually. DoD is also requiring a 1:30 ratio of oversight personnel to JROTC units for annual in-person inspections.
    Supporting students and families: DoD has established a JROTC student code of conduct and parent/guardian consent form  to provide resources for students to report instructor misconduct. Parents, guardians and students will need to acknowledge it annually, and it has been “translated into Spanish to minimize language barriers.” In addition to identifying the school’s Title IX coordinator, it provides them military service points of contact so that parents and guardians and students can reach out to DoD directly with concerns about instructor conduct. 
    Prohibiting forced enrollment: Under the new JROTC student code of conduct and parent/guardian consent form, the student and their parent or guardian must explicitly acknowledge that the program is voluntary. The new standardized MOAs also require the school district or local education activity to also acknowledge that JROTC is a voluntary program. 
    Timely reporting requirements for schools and DoD: Under the new MOA, schools must “report to the Military Service point of contact, within 1 business day, any disciplinary or administrative action levied upon a JROTC instructor…the initiation of any investigation into alleged JROTC instructor misconduct…and any changes in the employment status of a JROTC instructor.” DoD has also created procedures to “ensure that such reports are quickly communicated” to the Office of the Secretary of Defense, and has implemented a memorandum of understanding (MOU) with the Department of Education (ED) to share information about possible Title IX violations.
    Improving communication between DoD and ED: DoD and ED have established an MOU to formalize and improve information sharing on possible Title IX violations.
    New data on JROTC Title IX violations in academic year 2022-2023: In response to a reporting requirement from Congress, DoD reported 21 alleged Title IX violations in the 2022-2023 academic year, including for sexual misconduct, harassment, and discrimination. The report also provides a list of actions DoD took during the 2022-2023 academic year to mitigate sexual misconduct and harassment in JROTC.
    As Chair of the Armed Services Subcommittee on Personnel, Senator Warren has led efforts to hold the Department of Defense and the Department of Education accountable for their management of the JROTC program:
    In May 2023, Senators Elizabeth Warren (D-Mass.) and Mazie Hirono (D-Hawaii), along with Representatives Jamie Raskin (D-Md.), Robert Garcia (D-Calif.), Stephen F. Lynch (D-Mass.), Sylvia Garcia (D-Texas), and Chrissy M. Houlahan (D-Pa.), applauded the Government Accountability Office (GAO) for launching a review of the JROTC program following a letter from the lawmakers requesting such a review.
    In March 2023, chairing her first hearing of the Senate Armed Services Subcommittee on Personnel, Senator Warren highlighted the importance of addressing existing failures in the Junior Reserve Officers’ Training Corps (JROTC).
    In February 2023, Senators Warren, Hirono, Ron Wyden (D-Ore.), and Bernie Sanders (I-Vt.), sent a letter to the Department of Defense (DoD) and the Department of Education (ED) amid reports of students being forced to join the JROTC program.
    In September 2022, during a hearing of the Senate Armed Services Committee, Senator Warrenquestioned top DoD personnel officials on disturbing reports of widespread patterns of sexual misconduct by instructors in the JROTC program, where they admitted DoD’s lack of adequate oversight to prevent sexual misconduct by instructors and ensure the safety of students.
    In September 2022, Senator Warren, along with Senators Gillibrand (D-N.Y.), Blumenthal (D-Conn.), and Hirono (D-Hawaii), opened an investigation into the JROTC program, following reports of widespread patterns of sexual misconduct by instructors in the program.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: SFST’s speech at HKQAA 35th Anniversary Forum (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the HKQAA 35th Anniversary Forum today (October 18):

    Chairman Ho (Chairman of the Hong Kong Quality Assurance Agency, Mr Ho Chi-shing), distinguished guests, ladies and gentlemen,

         Good afternoon. It is my great pleasure to join you today as we celebrate the 35th anniversary of the Hong Kong Quality Assurance Agency (HKQAA). First, let me extend my warmest congratulations to the HKQAA on this remarkable milestone, and my sincere thanks for the invitation to speak at today’s forum.

         Today’s topic – Sustainable Finance, ESG, and Climate Resilience – could not be more timely or critical, as it highlights the directions we must take to secure the future of not just our economy and financial markets, but our society and planet. I would like to focus on Hong Kong’s role and achievements in this area, which I believe can be summed up by a three-A framework: accessibility to capital, availability of opportunity, and accountability to global standards.

    Accessibility to capital

         Sustainable finance is not just a passing trend. It represents a transformative movement, aligning financial systems with the larger goals of sustainable, inclusive growth. Hong Kong has embraced this vision, emerging as a leading international hub for green finance. In 2023 alone, the total issuance of green and sustainable debt in Hong Kong exceeded US$50 billion, including both bonds and loans, with green and sustainable bonds arranged here accounting for 37 per cent of all such bonds issued across Asia.

         This growing accessibility to green capital is not just about numbers. It shows that Hong Kong is well-positioned to channel investments into projects that positively impact the environment and society. We are actively working to expand our green investment product offerings and attract more international issuers to use Hong Kong’s green financing market.

         By June of this year, the Securities and Futures Commission had authorised over 230 ESG (environmental, social and governance) funds, with total assets under management exceeding HK$1.3 trillion. This represents year-on-year growth of 19 per cent in the number of funds and 8 per cent in assets under management. These investments are not only generating financial returns for investors but also contributing to the well-being of our communities, proving that profitability and purpose can indeed go hand in hand.

    Availability of opportunity

         As we look to the future, it is vital that we continue to unlock new investment opportunities and encourage innovation in green and sustainable finance. Collaboration across sectors – between government, businesses, and the community – is essential in driving this progress.

         One recent example of innovation is Core Climate, a marketplace launched by the Hong Kong Exchanges and Clearing Limited (HKEX) in 2022. Core Climate connects capital with climate-related products and opportunities across Hong Kong, Mainland China, Asia, and beyond. In August this year, the HKEX further enhanced this platform by introducing Gold Standard’s Verified Emission Reductions, offering users a seamless, integrated experience.

         Hong Kong has also demonstrated its leadership in combining the bond market, green finance, and fintech. In February this year, we successfully issued HK$6 billion worth of tokenised green bonds, denominated in multiple currencies – Hong Kong dollar, Renminbi, US dollar, and euro. This marks our second tokenised bond issuance, following the first in February 2022, and is the world’s first multi-currency digitally native green bond.

         The success of these initiatives reflects the strength of Hong Kong’s green fintech ecosystem, which continues to evolve. By leveraging new technologies, we can amplify efforts to support sustainable development, not only in our local community but across the entire region.

    Accountability to global standards

         As a global green finance hub, Hong Kong recognises the importance of maintaining accountability and transparency in sustainability efforts. This is why aligning with international standards, notably as the International Sustainability Standards Board (ISSB), is a key priority. We are committed to ensuring that our local sustainability disclosure requirements are aligned with the ISSB Standards, which will significantly enhance Hong Kong’s competitiveness in the global sustainable finance arena.

         By adopting these internationally recognised standards, we will strengthen our position as a trusted green finance hub while also improving the resilience of our local communities. This alignment will not only foster greater investor confidence but also ensure that our financial sector is well-equipped to meet the challenges of an increasingly sustainability-driven world.

    HKQAA’s contributions

         I would also like to take this opportunity to commend the HKQAA for its significant contributions to Hong Kong’s sustainable finance journey. Over the past 35 years, the HKQAA has been a steadfast partner, providing critical quality assurance and helping to uphold rigorous standards for green and sustainable finance. Since the launch of the Government Green Bond Programme in 2019, the HKQAA has played a pivotal role by providing external reviews for each bond issuance, ensuring the credibility and integrity of these instruments.

         In addition, the HKQAA has introduced a number of certification schemes, further enhancing stakeholder confidence in green finance products. Their dedication to upholding high standards has been instrumental in positioning Hong Kong as a global leader in this space. Looking ahead, we will continue to count on the HKQAA’s expertise as we strive to meet the evolving challenges of sustainable development.

    Conclusion

         In closing, I would like to emphasise that the future of finance is sustainable finance. As we work towards building a more resilient and sustainable future for Hong Kong and beyond, we must remain committed to the principles of ESG and climate resilience.

         Thank you for your attention and your unwavering commitment to sustainable development. Together, we can create a brighter, greener future for generations to come.

    MIL OSI Asia Pacific News –