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  • MIL-OSI New Zealand: Select committee hearings on banking inquiry to start next week

    Source: New Zealand Parliament

    Media release

    Organisation: Finance and Expenditure Committee

    For release: 17 October 2024

    Select committee hearings on banking inquiry to start next week

    The Finance and Expenditure Committee has released its plans for the parliamentary inquiry into banking competition, along with the written submissions received on the inquiry so far.

    Public hearings on the inquiry are set to kick off next week on Wednesday, 23 October.

    The committee has hearings scheduled with all the major banks—including the Australian-owned “Big 4” and the main New Zealand-owned banks—over the remainder of 2024. The schedule of hearings is appended to this media release as Appendix 1. Please note that the schedule is subject to change at short notice, particularly if the House of Representatives sits under urgency. Up to date information for the week ahead can be found on the Parliament website (see links at end).

    The committee received over 140 written submissions in response to its call for public submissions. Written submissions have been published online and are available on the Parliament website (see links at end). Over 60 submitters have asked to speak to the committee at public hearings.

    The committee intends to progress hearings with all submitters—including organisations and individual members of the public—in 2024. Submitters will be contacted in the coming weeks to schedule their time with the committee. We intend to organise one hearing focused particularly on rural communities and agricultural lending. Once the schedule of hearings has been finalised, we intend to publish the schedule via a further media release.

    The committee has invited members of the Primary Production Committee to attend all hearings. The Primary Production Committee has a particular interest in the relationship between rural bank lending and banking competition. We look forward to working with our colleagues from that committee over the course of our inquiry.

    The committee intends to consider the overall timetable for completing the inquiry once hearings have been completed. The committee also intends to consider whether it is necessary to invite targeted written cross-submissions once hearings have been completed.

    LINKS
    ENDS

    For media enquiries contact:
    Clerk of Committee
    Finance and Expenditure Committee
    Finance.Expenditure@parliament.govt.nz 

    Appendix 1—Schedule of confirmed hearings as at Wednesday, 16 October 2024
    Inquiry into banking competition

    Weds 16 Oct Weds 23 Oct Wed 30 Oct Weds 6 Nov Weds 13 Nov Weds 20 Nov Weds 27 Nov 2 – 6 Dec Weds 11 Dec Weds 18 Dec
    House sitting House sitting House not sitting House sitting House sitting House sitting  House not sitting Scrutiny week House sitting House sitting
      ANZ
    9.00am –
    9.45am    		   Rabobank
    9.00am –
    9.45am    		 ASB
    9.00am –
    9.45am    		 Westpac
    9.00am –
    9.45am    		     BNZ
    8.00am –
    8.45am
    TSB
    8.45am –
    9.05am    		 Kiwibank
    9.00am –
    9.30am
    Heartland
    9.30am
    9.50am
    Cooperative
    Bank
    10.00am –
    10.20am
    SBS
    10.20am –
    10.40am

    MIL OSI

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Search and Rescue Success

    Source: Northern Territory Police and Fire Services

    On Monday this week, Northern Territory Police Search and Rescue Section conducted a search operation north of Adelaide River following reports of a missing 73-year-old man.

    John had not been seen since 10pm Sunday night with the alarm being raised with police early Monday morning prompting a search by Adelaide River Police members with the assistance of John’s carer.

    It was quickly escalated to the Search and Rescue Section (SRS) as temperatures reached 34°c and John was known to suffer from late-stage dementia as well as type 2 diabetes.

    A large-scale response was deployed including one Longranger helicopters with TRG air observers, 3 members from the mounted unit, 4 motorcycles and one ATV, 3 Australian Search and Rescue K9’s, 7 SRS members and one drone.

    Just before 5pm that evening, a police search team located John approximately 800 meters from his residence on a vacant property.

    He was found in a disoriented state and was transported to the local medical clinic for assessment and treatment before being safely returned to his carer.

    Acting Sergeant Chris Grotherr said, “The report of a missing person who suffers from dementia is always concerning, particularly considering the high temperatures in the area.

    “We would like to extend a huge thank you to everyone involved in this rescue.

    “Without the support of each responder, this successful outcome wouldn’t have been possible.”

    MIL OSI News –

  • MIL-OSI Australia: Ensuring First Nations children in New South Wales are school ready

    Source: Australian Executive Government Ministers

    The Australian Government is expanding the Connected Beginnings program, helping more First Nations children thrive in the crucial early years. 

    Minister for Early Childhood Education Dr Anne Aly today announced $1.8 million for Dalaigur Pre-School and Children’s Services Aboriginal Corporation to deliver Connected Beginnings program in Kempsey.

    The program connects First Nations children aged zero to five with a range of early childhood education, health and family support services – helping children meet the learning and development milestones necessary to achieve a positive transition to school.

    The new site will support around 700 local First Nations children. The Kempsey site joins 47 other locations across the country supporting more than 23,700 First Nations children.

    The community-led program is a key contributor to the early childhood Closing the Gap targets, driving an increase in preschool enrolments and improvements to developmental outcomes.

    The Government partners with SNAICC – National Voice for our Children and the National Aboriginal Community Controlled Health Organisation to deliver the program.

    The new Kempsey site is part of an investment of $81.8 million from the Australian Government to expand the program to 50 sites nationally. Once all 50 sites are established, the program has the potential to support up to 20 per cent of all First Nations children aged zero to five.

    Other Connected Beginnings sites in New South Wales include Bourke, Broken Hill, Doonside, Dubbo, Gosford, Mount Druitt, Taree, Wagga Wagga and Wyong.

    Once all New South Wales sites are up and running, the program will support around 6,900 First Nations children across the state.

    Learn more about the Connected Beginnings program at: https://www.education.gov.au/early-childhood/community-child-care-fund/connected-beginnings.

    Quotes attributable to Minister for Early Childhood Education Dr Anne Aly:

    “All children, no matter their background or where they live, should be able to access the transformational benefits of quality early childhood education and care.

    “Connected Beginnings is delivering significant positive results for First Nations children right across the country, helping to Close the Gap by improving developmental outcomes.

    “The Connected Beginnings program is empowering communities to design and deliver the program in a way which supports their individual needs and aspirations.”

    Quotes attributable to Assistant Minister for Indigenous Health Ged Kearney:

    “Labor is committed to closing the health gap that leads to a significantly lower life expectancy for First Nations people.

    “Connected Beginnings is all about centring the voices of First Nations Australian and a community-led approach.

    “From child care, to pre-school, to primary school, Connected Beginnings is setting First Nations kids up for best start in life.”

    Quotes attributable to SNAICC Chief Executive Catherine Liddle:

    “SNAICC is very proud to be the Community Partner in the Connected Beginnings program, that is expanding access to culturally-centred early education and care to many more children and families around the country.

    “This is helping to drive positive outcomes in early childhood for Aboriginal and Torres Strait children by increasing participation in early education activities and increasing school readiness.

    “The benefits of Connected Beginnings extend to the entire community, as we know closing the gap starts with our children.”

    Quotes attributable to Dalaigur Pre-School and Children’s Services Aboriginal Corporation Chairperson Fred Kelly:

    “It is essential that all our Aboriginal children have a sense of their culture and in particular a strong cultural identity. Dalaigur Pre-School and Children’s Services Aboriginal Corporation provide this through language and culture educators working with both preschools.

    “Connected Beginnings is an exciting new program that will provide the resources and services for this solid foundation to be further expanded upon by providing the opportunity to draw upon the experience of existing and new connections and accessing the extensive knowledge from our local community to increase the support for the varied needs of our children.”

    MIL OSI News –

  • MIL-OSI USA: NDDOT Receives $20 Million to Improve Safety with Freight Reliability, Preservation on US 52 Route

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)

    ***Click here for audio.***

    BISMARCK, N.D. – The North Dakota Department of Transportation (NDDOT) received a $20,000,000 award through the Infrastructure for Rebuilding America (INFRA) grant program. This funding will help NDDOT enhance the US 52 route by adding railroad bypass lanes, improving safety, and increasing the efficiency of passenger and freight transportation across the state.

    Specifically, this project will rehabilitate approximately 45 miles of existing asphalt pavement from west of Drake to Fessenden, consolidate access points at the intersection of US 52 and North Dakota Highway 3 in Harvey, and add acceleration and deceleration lanes at existing at-grade railroad crossings. It will also add turn lanes at intersections from seven miles south of Portal to Carrington.

    “As we say, North Dakota feeds and fuels the world, and Highway 52 is an essential artery for the flow of many of our goods getting to markets,” said U.S. Senator Kevin Cramer (R-ND), Ranking Member of the Senate Environment and Public Works (EPW) Subcommittee on Transportation and Infrastructure. “This grant will help expand this really important transportation corridor and then at the same time, improves the safety for producers and the traveling public.”

    In May, the North Dakota delegation sent a letter in support of NDDOT’s Multimodal Project Discretionary Grant application. Cramer led an amendment to the Surface Transportation Reauthorization Act which passed the Senate EPW Committee in 2021, requiring the Secretary of Transportation to prioritize states which have never received an INFRA grant. After Cramer’s efforts, North Dakota received its first INFRA grant the same year. This is North Dakota’s second INFRA award since the passage of Cramer’s amendment to the Surface Transportation Reauthorization Act.

    MIL OSI USA News –

  • MIL-OSI China: Final of China International College Students’ Innovation Competition 2024 held in Shanghai

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

    Final of China International College Students’ Innovation Competition 2024 held in Shanghai

    Updated: October 17, 2024 09:31 Xinhua
    The project of Xidian University is introduced during the final of the China International College Students’ Innovation Competition 2024 in Shanghai, east China, Oct. 15, 2024. The final of the China International College Students’ Innovation Competition 2024 was held in Shanghai on Tuesday, during which six teams from home and abroad competed for the champion. The project of the Shanghai Jiao Tong University won the champion. Since this May, altogether 5.14 million projects from 5,406 colleges of 153 countries and regions have been registered to take part in the competition. [Photo/Xinhua]
    Representatives of contestants are seen during the final of the China International College Students’ Innovation Competition 2024 in Shanghai, east China, Oct. 15, 2024. [Photo/Xinhua]
    The project of Shanghai Jiao Tong University is introduced during the final of the China International College Students’ Innovation Competition 2024 in Shanghai, east China, Oct. 15, 2024. [Photo/Xinhua]
    Representatives of contestants are seen during the final of the China International College Students’ Innovation Competition 2024 in Shanghai, east China, Oct. 15, 2024. [Photo/Xinhua]
    The project of Shanghai Jiao Tong University is displayed during a college students’ innovation achievements exhibition in Shanghai, east China, Oct. 14, 2024. [Photo/Xinhua]
    A college students’ innovation achievements exhibition is held in Shanghai, east China, Oct. 14, 2024. [Photo/Xinhua]
    A model of the project of Wuhan University is displayed during a college students’ innovation achievements exhibition in Shanghai, east China, Oct. 14, 2024. [Photo/Xinhua]
    The representative of the project of the University College London is questioned during the final of the China International College Students’ Innovation Competition 2024 in Shanghai, east China, Oct. 15, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Salt harvested at Nanpu salt field in Tangshan, Hebei

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

    Salt harvested at Nanpu salt field in Tangshan, Hebei

    Updated: October 17, 2024 08:57 Xinhua
    An aerial drone photo taken on Oct. 16, 2024 shows a worker operating a machinery harvesting salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows workers transporting harvested salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows a worker operating a machinery harvesting salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial panoramic photo taken on Oct. 16, 2024 shows a view of the Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows workers transporting harvested salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows a view of the Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows a worker operating a machinery harvesting salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows a worker operating a machinery harvesting salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows workers transporting harvested salt at Nanpu salt field in Caofeidian District of Tangshan, north China’s Hebei Province. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Chinese modernization fuels shared prosperity of developing nations

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

    BEIJING, Oct. 16 — China is forging its own path to modernization, offering not only inspiration to other developing countries but also tangible opportunities for growth amid a sluggish global economy.

    Amid rising trade protectionism, China, the world’s largest developing nation, remains committed to advancing high-level opening up and serving as a reliable partner for developing countries on the path to modernization.

    On the domestic front, China is prioritizing institutional openness, unlocking vast market potential and creating abundant opportunities for foreign businesses. Measures like lifting foreign investment restrictions in manufacturing and enhancing intellectual property protection are making China an increasingly attractive destination for global enterprises.

    On the global stage, the China-proposed Belt and Road Initiative (BRI), which now encompasses over three quarters of the world’s countries, exemplifies China’s commitment to collaborative progress. Projects once deemed unattainable have become realities, significantly improving the lives of millions.

    As Belt and Road cooperation has entered its second decade, new opportunities are emerging, with plans to break new ground through enhanced collaboration with partner countries. In July, a resolution was adopted during the third plenum of the 20th Communist Party of China Central Committee. It calls for efforts to improve the integrated framework for land, sea, air and cyberspace connectivity and build a multidimensional network to connect countries along the Belt and Road.

    Cooperation within the BRI framework will be strengthened in key areas such as green development, the digital economy, artificial intelligence, finance, and disaster mitigation. As China rapidly advances in digital communications, it is well-positioned to assist partner countries in developing their digital economies and bridging the digital divide.

    In the realm of technological innovation, China has consistently embraced a spirit of collaboration. Its belief that science should benefit all humanity is not mere rhetoric; it is reflected in concrete actions.

    China has established scientific and technological cooperation ties with over 160 countries and regions, and signed 118 intergovernmental agreements on such cooperation. China also issued the International Science and Technology Cooperation Initiative, featuring open, fair, equitable and non-discriminatory international science and technology cooperation.

    A prime example of such cooperation is the establishment of 10 overseas science and education centers by the Chinese Academy of Sciences in Africa, Central Asia, South Asia, Southeast Asia, South America and beyond. More than 100 scientific and technological projects have been launched, training nearly 5,000 high-level professionals from these regions.

    China has provided the international community with abundant public goods, including the annual China International Import Expo and regional initiatives like the China-ASEAN Expo. These influential platforms are set to evolve into concrete cooperation projects that deliver tangible benefits to the people of participating countries. Committed to offering even more global public goods to support peace and prosperity, China aims to achieve more win-win outcomes through its reform and opening up while collaborating with other nations on modernization.

    The effectiveness of these efforts is evident. Following its pledge in July to further open its doors to the world’s least developed countries, China announced in early September that it would grant zero-tariff treatment on 100 percent of tariff lines to all the least developed countries that have established diplomatic relations with China. This makes China the first major developing nation and the first significant economy to take such a step.

    Cooperation between China and other developing nations is expected to accelerate in the future, especially in green transition efforts aimed at tackling climate change. China’s strengths in clean energy equipment and electric vehicles have already been translated into successful cooperation programs in relevant sectors across developing countries.

    Modernization is a shared aspiration for humanity. Chinese modernization dispels the misconception that modernization equates to Westernization. Rather than pursuing isolated success or creating a model that hinders others, China is dedicated to partnering with other nations to jointly advance modernization.

    As the world’s second-largest economy, China has contributed more than 30 percent of global economic growth over the past years. The widening door of opportunity being opened by Chinese modernization welcomes all, particularly Global South countries.

    MIL OSI China News –

  • MIL-OSI China: Peng Liyuan extends congratulations to UNESCO award ceremony for girls’, women’s education

    Source: China State Council Information Office

    Peng Liyuan, wife of Chinese President Xi Jinping and UNESCO special envoy for the advancement of girls’ and women’s education, sent a congratulatory message to the 2024 United Nations Educational, Scientific and Cultural Organization (UNESCO) Prize for Girls’ and Women’s Education award ceremony held on Wednesday in Paris, France.

    In her message, Peng paid high tribute and extended best wishes to the award-winning organizations from Uganda and Zambia, saying that girls’ and women’s education has a bearing on their growth and development, the well-being of numerous families and the world’s future.

    She expressed the hope for every quarter to strongly support health education and digital education among girls and women, develop and gear science education more toward them, and help them attain better health conditions, digital skills and scientific literacy, particularly the competence to innovate and start up business, so as to contribute to advancing women’s education and development in the new era.

    Peng said that China has always attached great importance to the cause of girls’ and women’s education, actively pushing forward the global cause of women’s education while continuously improving the educational environment for women in China.

    Peng said that as a UNESCO special envoy for the advancement of girls’ and women’s education, she is ready to work with every party in pooling efforts to achieve gender equality and advance the global women’s cause.

    The UNESCO Prize for Girls’ and Women’s Education, established by China in cooperation with UNESCO, is the organization’s only prize for promoting girls’ and women’s education. It plays a vital role in publicizing the concept of gender equality in education and related good practices and in implementing gender equality as a global priority.

    MIL OSI China News –

  • MIL-OSI China: Green transition key for agri-food sector

    Source: China State Council Information Office 2

    The venue of the 2024 World Agri-food Innovation Conference (WAFI 2024) is seen in Beijing, capital of China, Oct 11, 2024. [Photo/Xinhua]
    A global panel of agrarians has called for the innovation-driven green transition of the world’s agri-food system, as part of efforts to curb carbon emissions and mitigate the impact of climate change on food production.
    While some food-producing regions have initially benefited from warmer weather, the substantial uncertainties caused by global warming are disrupting agriculture across Asia, Africa and South America, the experts said.
    They made the remarks on the sidelines of the 2024 World Agri-Food Innovation Conference, held in Beijing earlier this month. The event was organized by China Agricultural University.
    Sun Qixin, president of China Agricultural University and an academician at the Chinese Academy of Engineering, told China Daily that mainstream models indicate a 6 to 8 percent decrease in food production for every 1 C increase in global temperatures, unless technological innovations are introduced to alleviate these effects.
    “However, the impact of a warmer climate is not uniform across the globe,” he said.
    Despite instances of warmer and wetter climate boosting food production in some areas that were previously cold and prone to drought, the sudden and extreme shifts in weather patterns are causing widespread disruptions in food production globally, Sun noted.
    Given that the green transition necessitates a substantial reduction in agricultural inputs such as fertilizers, it is crucial to invest in research and technological innovations to ensure that these reforms do not result in decreased output, Sun said.
    “We must proceed in this direction despite the challenges,” he added.
    An estimate by the Intergovernmental Panel on Climate Change, the United Nations body for evaluating climate science, showed that the agri-food sector, covering the entire cycle from food cultivation to consumption, contributes one-third of global greenhouse gas emissions.
    Fu Wenge, a professor at China Agricultural University, said that innovations facilitating green transition do not always require groundbreaking scientific discoveries, adding that sometimes, minor and cost-effective reforms in management models and other fields can bring significant changes.
    Fu cited the university’s Science and Technology Backyard project, which encourages students to live and work alongside smallholding farmers in rural areas as part of their education programs. The arrangement aims to help promote high-yield crop varieties and environmentally friendly farming practices among rural farming communities. “This model has been implemented in Africa and other regions,” he said.
    Ismahane Elouafi, executive managing director of the Consultative Group on International Agricultural Research, or CGIAR, a global partnership that unites research groups for a food-secure future, said that the green transition could be achieved through innovations that span technological, policy and institutional levels and include models for countries to work together.
    “The impact of climate change is multiplying every day, and the only way forward for us is to adopt innovation in its broad sense to really transform the agriculture system,” she said.
    The experts also called for greater awareness of increasing food production with reduced carbon footprint and more care for the environment.
    Patrick Caron, vice-chair of the CGIAR system board, said that humans have managed to increase food production throughout history, as living conditions improved and consumption patterns changed.
    “However, at the moment, we are looking at the increase of production with a different angle,” he said, referring to greater care to avoid climate change and degradations of land, water and biodiversity.
    Makers of food policy point to China as a source of hope amid the gloomy outlook of increasing food insecurity worldwide, citing the country’s ambitious goal to boost its annual food production capacity to approximately 700 million metric tons by 2030, up from the 695 million tons in 2023.
    Elouafi, the CGIAR executive managing director, said, “I think China really is a bright spot in the global picture, and not only in increasing productivity in a very smart way, but also in reducing poverty and hunger.”
    Despite a recent reversal in global progress, the world made significant strides in alleviating hunger and poverty between 2000 and 2017, largely because of China’s efforts, she said.
    Elouafi noted that China’s adoption of technologies and innovations in the agri-food sector, along with its initiatives to enhance rural incomes, played a pivotal role in the success.
    Wednesday marked World Food Day, which has been celebrated annually on Oct 16 since 1981 to raise awareness and promote action for fighting hunger and ensuring food security for all.
    At a news conference on Wednesday, Foreign Ministry spokeswoman Mao Ning said that as the world’s largest food producer, China attaches great importance to global food security.
    “China has provided more funding and experts and undertaken more projects than any other developing country under the framework of the Food and Agriculture Organization’s South-South Cooperation Programme,” she said.
    Mao added that China is willing to continue strengthening cooperation on food security with all parties to strive for a world free of hunger.

    MIL OSI China News –

  • MIL-OSI Australia: Allens advises lenders on reaching financial close for BCI Minerals’ $981m Mardie Project financing

    Source: Allens Insights

    Allens has advised the lenders on the successful financial close of BCI Minerals’ $981 million financing for the Mardie Salt Project (the Mardie Project), marking a significant milestone in the development of Australia’s first large-scale salt project in decades.

    The syndicate of lenders includes Northern Australia Infrastructure Facility, Export Finance Australia, Export Development Canada, Westpac Banking Corporation, and Industrial and Commercial Bank of China Limited.

    The financing package comprises $830 million for construction loans, $70 million for bank guarantees, and $81 million for potential cost overruns. The Mardie Project has been accredited as a Green Loan aligned with the Green Financing Framework.

    ‘We are proud to have played a key role in this significant financing deal for the Mardie Project,’ said lead Partner Ben Farnsworth.

    ‘This not only represents a major investment but also highlights the growing importance of sustainable financing in the global market. The Green Loan accreditation underscores the project’s commitment to environmental sustainability and economic growth.’

    Financial close was reached on 4 October. Allens continues to work with Lenders and BCI on satisfying the further conditions to the first drawdown of the construction loan facilities.

    Allens legal team

    Banking & Finance

    Ben Farnsworth (Partner), Louise Barbato (Senior Associate), Madeleine Ninkov (Associate), Megan Lee (Associate), Mariella Panegyres (Lawyer)

    Real Estate & Development

    Naomi Bergman (Partner), Layth Zumot (Associate)

    Projects

    Jodi Reinmuth (Partner), Lewis Pope (Associate)

    MIL OSI News –

  • MIL-OSI Banking: World’s Largest Debt Conversion for Conservation of a River and its Watershed Completed in El Salvador

    Source: CAF Development Bank of Latin America

    All savings generated by the transaction will be applied over time to support conservation, water security, and ecosystem restoration in the Lempa River (Rio Lempa) watershed. JPMorgan Chase Bank, N.A. acted as sole arranger and lender for the loan and J.P. Morgan Securities LLC acted as dealer manager in the tender offer for El Salvador’s bonds.

    DFC, the U.S. Government’s international development bank, is providing $1 billion in political risk insurance (PRI) while CAF is providing a $200 million standby letter of credit (SBLC). The combination of the DFC PRI and the CAF SBLC will provide integral credit enhancements that support the transaction, which in turn catalyzes the additional investment in El Salvador’s conservation and ecosystem restoration efforts in the Rio Lempa watershed. ArtCap Strategies acted as financial advisor and global coordinator for the transaction.

    The Rio Lempa watershed is one of the longest rivers in Central America and plays an important role in the well-being of cities, communities and the economy in El Salvador by providing drinking water, as well as supporting industry and hydropower generation, and irrigation. It also supports diverse ecosystems that represent a large portion of the country’s environmental heritage. Projects funded by the savings from the transaction are expected to enhance water quality, quantity, and reliability; strengthen climate resilience; protect the watershed’s natural ecosystem; and mitigate water security risk in the region.

    Through this transaction, the Government of El Salvador will realize more than $352 million in lifetime savings through a combination of immediate notional debt savings and material reductions in debt service costs. $350 million of these savings will be applied to the Rio Lempa Conservation and Restoration Program (the “Program”) over the next 20 years in support of the country’s commitment to watershed conservation in the Rio Lempa basin. Specifically, $200 million, or an average of $9.75 million annually over 20 years, will fund the Program directly, while $150 million, or approximately $7 million per year, will fund an endowment. The funds in the endowment will be invested and are intended to become a source of ongoing funding for the Program beyond 2044. This $350 million allocation represents the largest funding commitment a country has ever made for conservation in a debt conversion transaction.

    CRS and FIAES will jointly manage the Program and will collaborate with key government water and environmental agencies to enhance water security and watershed health, promote biodiversity, stimulate economic development through regenerative agriculture, and strengthen planning and management capacities in the Rio Lempa watershed. The Program will make grants to non-governmental organizations operating in El Salvador in support of these goals, with initial grants set to disburse in 2025.The Program will be governed by a seven-member Board of Directors that includes one representative from the Government of El Salvador, one representative from the U.S. Agency for International Development (USAID), and five non-governmental representatives.

    In addition, the Government of El Salvador has committed to: (i) establish a zonal organization to oversee conservation and restoration of the Rio Lempa watershed; (ii) approve a National Integrated Water Resources Plan; (iii) establish a water resources data monitoring system for the Rio Lempa watershed; (iv) develop protocols for issuing water use permits; (v) establish a public feedback and complaint mechanism for violations of the National Water Resources Law and Environmental Law; (vi) contribute to the decision-making process by developing standards for calculating costs related to drinking water and sanitation services; and (vii) declare 75,000 hectares of protected aquifer recharge zones throughout the watershed by 2044.

    White & Case LLP acted as legal adviser to the Republic.

    “This debt conversion represents the most ambitious and impactful environmental action in El Salvador’s history. It not only reaffirms this government’s commitment to economic growth, it also enables us to achieve this growth while preserving one of our most precious natural resources: the Lempa River watershed. With support from international parties, we are executing the largest debt conversion transaction of its kind to date. This debt conversion project promotes sustainable development for our communities, strengthens our water security, and protects our ecosystems to secure the well-being of this generation and those to come. With this debt conversion, we aim to transform the environmental and economic future of El Salvador,” said Nayib Bukele, President of El Salvador.

    “Since its inception, DFC has been a pioneer in the field of debt conversions. Today’s announcement presents the world’s first-ever debt conversion for watershed conservation and water security. This transaction will protect critical resources while helping unburden the Salvadoran economy and promoting the growth of a vibrant private sector that will create more opportunities for Salvadoreans to find employment in their communities. DFC is committed to continuing to leverage our unique financial tools in innovative ways in pursuit of our developmental priorities around the world,” said DFC CEO Scott Nathan. 

    “At CAF, we are committed to becoming the green bank of Latin America and the Caribbean. Therefore, we are investing $25 billion by 2026 to finance environmental, climate change, and biodiversity initiatives, such as the one we are announcing today in partnership with the Government of El Salvador, DFC, CRS, and FIAES. This historic financing demonstrates that, through joint efforts, we can advance innovative financial mechanisms that accelerate sustainable development,” said Sergio Díaz-Granados, Executive President of CAF. 

    “CRS is excited to be part of this transformative program in El Salvador, which sets a new standard for the scale and long-term funding needed to restore and protect critical water resources for current and future generations. This program came together because of bold leadership and collective action by a dynamic and diverse team,” said Carla Fajardo, Regional Director for Latin America and the Caribbean, Catholic Relief Services.

    “FIAES is pleased to participate in the Rio Lempa Conservation and Restoration Program, acting as a strategic partner of the Government of El Salvador and the Government of the United States of America, as a fund administrator and program co-manager. The Río Lempa watershed is a valuable natural resource for our country since it covers 49 percent of the territory and supplies 68 percent of the national water needs; therefore, its preservation is essential to guarantee the sustainability of its ecosystem services”, said Jorge Oviedo, Executive Director of FIAES. 

    “ArtCap is proud to have spearheaded the coordination of this landmark transaction, uniting public and private stakeholders to help develop a comprehensive financial and conservation strategy. This program will deliver an important source of long-term funding for projects focused on the Rio Lempa watershed.  By acting as a private sector catalyst, ArtCap was able to set a new precedent for collaboration among public and private stakeholders that helped to achieve a program with an impressive scale. We hope the success of this transaction will encourage further innovation in conservation finance,” said Antonio Navarro, Managing Partner, ArtCap Strategies. 

    About DFC:

    The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

    About CAF:

    CAF – Development Bank of Latin American and Caribbean – has the mission to promote sustainable development and regional integration by financing public and private sector projects, providing technical cooperation, and offering other specialized services. Established in 1970 and currently composed of 21 countries – 19 from Latin America and the Caribbean, along with Spain and Portugal – and 13 private banks, it is one of the main sources of multilateral financing and a significant knowledge generator for the region. 

     

    About Catholic Relief Services:

     Catholic Relief Services is the official international humanitarian agency of the Catholic community in the United States. The agency alleviates suffering and provides assistance to people in need in more than 100 countries, without regard to race, religion or nationality. CRS works at the nexus of sustainable agriculture, watershed management, and water supply to support governments, partners, communities, and all stakeholders to provide truly sustainable solutions that increase crop production, improve water for human health, and mitigate climate change. CRS has worked in El Salvador for over 50 years, supporting a network of local partners.

     

    About FIAES:

     FIAES was launched in 1993 as a Conservation Trust Fund as a result of a debt-for-nature swap between the Government of the United States of America and the Government of El Salvador to support the restoration and conservation of natural resources in El Salvador. FIAES manages multiple funds including several debt-for-nature swaps, environmental compensation funds from the Government of El Salvador, and several conservation grants from international organizations. Over the past 31 years, FIAES has invested more than $90 million in conservation and restoration of coastal marine and terrestrial ecosystems.

     

    About ArtCap Strategies:

    ArtCap Strategies is a private credit fund and a leading financial advisory firm specializing in innovative, sustainable financing solutions for public and private sector clients (among other strategies). With a focus on structuring and investing in deals that address global challenges such as climate resilience, water security, and sustainable development, ArtCap works closely with governments, multilateral institutions, and private investors to create impactful financial strategies. ArtCap’s expertise lies in coordinating complex transactions that not only generate economic value, but also drive environmental and social progress, setting new standards in responsible finance.  

    This announcement may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. These statements are based on El Salvador’s current plans, estimates, assumptions, and projections. Therefore, you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and El Salvador undertakes no obligation to update them in light of new information or future events. This announcement is not an offer to purchase or the solicitation of an offer to sell any securities. This announcement is not for release, publication or distribution in or into, or to any person located or resident in, any jurisdiction where it is unlawful to release, publish or distribute such announcement.

    MIL OSI Global Banks –

  • MIL-OSI New Zealand: Following in father’s footsteps at EIT sets student up for career in mechanical engineering | EIT Hawke’s Bay and Tairāwhiti

    Source: Eastern Institute of Technology – Tairāwhiti

    35 seconds ago

    Braydon Gregory is enrolled in the NZ Certificate in Mechanical Engineering (Level 3).

    Following in his father’s footsteps by studying at EIT, is setting a student up for a career in mechanical engineering.

    Braydon Gregory, 17, is currently doing his apprenticeship and is enrolled in the NZ Certificate in Mechanical Engineering (Level 3) at EIT – the same programme his father Aaron completed in the early 2000s.

    Braydon left Napier Boys’ High halfway through Year 13 this year with a very clear plan of enrolling in Mechanical Engineering (Level 3) and doing his apprenticeship at his father’s company, Gregory Innovations Limited.

    He says that he is a third generation product of Napier Boys’, but that mechanical engineering has also been a part of his life since he was young.

    “I’ve pretty much been doing it since I was ten, and then I got top of engineering two years in a row at school.”

    “It was then that I decided that I would get a head start by leaving school early and starting the EIT programme. Dad then offered me an apprenticeship opportunity.”

    As part of this apprenticeship, Braydon is working with his father on contract work for Dennis Glenn Logging.

    “The work we are doing is working on big diggers, big loaders and trucks. It is a wide variety of work.”

    It is a busy time for Braydon, whose family has a farm in Puketapu. Not only does he work as a part-time shepherd (he has his own dog) for a neighbour, but he also works at Pan Pac Forest Products outside Napier on a Sunday.

    Braydon says that his career path has been planned from the beginning, including studying at EIT.

    “My father said that it’s a really good place to learn all the basic skills that you’ll carry on for the rest of your life, like sharpening a drill bit.”

    “He said that if you went into industry straight away, they would just overlook it and not teach you. At EIT, you weld for as long as you want to get it right before going out into the industry.”

    The aim after he has studied is to eventually take over the family business. However, before then, he plans to go on an OE.

    “With my engineering qualifications I will probably travel with engineering, so either go to Australia for the big shutdowns or over to America where they do big pipelines. But the aim is definitely to take over the family business and carry that on.”

    Asked what he enjoyed about EIT, Braydon said that the tutors made all the difference.

    “It is more than a job for them, they really enjoy engineering and passing that knowledge on to us.”

    He has no hesitation in recommending EIT as a place to study.

    EIT’s Head of the School of Trades and Technology said: “The engineering industry are a big supporter of EIT’s Mechanical Engineering programme and provide excellent graduate pathways, it is fantastic to see one of our graduates pathway into the industry.”

    MIL OSI New Zealand News –

  • MIL-Evening Report: Thou Shalt Not Steal: new Stan series is a perversely funny road trip through Central Australia

    Source: The Conversation (Au and NZ) – By Kelly McWilliam, Associate Professor of Communication and Media, University of Southern Queensland

    Stan/Ian Routledge

    Stan Original’s newest series is coming to smaller screens, having premiered its first three episodes in September at the Toronto International Film Festival.

    Thou Shalt Not Steal follows Aboriginal teen Robyn (played by the immensely talented Sherry-Lee Watson). She escapes juvenile detention and embarks on a defiant road trip from Alice Springs to Adelaide to uncover a long-held family secret.

    Fellow outsider Gidge (Will McDonald) comes along for the ride. He has run away from his dodgy preacher dad Robert (Noah Taylor, clearly enjoying his character’s exaggerated grossness, from a perpetually stained singlet to overflowing ashtrays).

    In hot pursuit are two incongruous duos. First come detectives Burke and Wills (Shari Sebbens and Darren Gilshenan). Then Robert teams up with the decidely crooked Maxine (played menacingly by Miranda Otto). Where Robert’s deceits are lazily self-serving, Maxine is an outback madam who poses very real dangers to the young people.

    ‘Some bastards have it coming …’

    Thou shalt never go to Coober Pedy

    Each episode begins with a tongue-in-cheek lesson from Robyn’s past. These range from the eponymous “thou shalt not steal” to “thou shalt never go to Coober Pedy”.

    This deadpan humour cleverly introduces significant issues. There are the inordinate rates of incarceration of Indigenous youth, alcoholism, assault, toxic masculinity, bullying and weaponised religion, among others.

    These themes are particularly pertinent in the Northern Territory, where Thou Shalt Not Steal was both set and shot. Earlier this year the NT city of Alice Springs initiated a youth curfew and the territory has now reportedly lifted its ban on using “spit hoods” on young people.

    This context means some of the laughs in the series are uncomfortable. But comedy is a well-established vehicle for social justice and the show remains focused on the heroes’ journey, albeit within an important socio-political context.

    Over the first six of its eight short episodes, Thou Shalt Not Steal maintains a balance between acerbic comedy and perilous road trip. Its final episodes revel in a series of over-the-top scenarios that nevertheless tie up narrative loose ends in an enjoyable way.

    Indeed the shift to outright absurdity reveals the show’s gentler message: about finding a chosen family.

    Miranda Otto and Noah Taylor’s characters are dangerous for different reasons.
    Stan

    Alice Springs (Mparntwe)

    If the tone and topic of the show – described elsewhere as “End of the F…ing World meets Fargo” – sound familiar, it’s because it draws from director, co-writer and co-creator Dylan Rivers’ earlier multi-award-winning Robbie Hood (2019).

    In that show, the Robin Hood mythology falls to 13-year-old Alice Springs’ local, Robbie (Pedrea Jackson). The same desert-dry humour articulates the charming teen’s well-intentioned misadventures through a variety of legal and familial landscapes.

    Alice Springs (Mparntwe) is not just a recurrent muse for Rivers; it is also where he grew up, as the son of award-winning filmmakers Penelope McDonald and Warwick Thornton. Rivers has noted that, while his family actively supports each other, they are also “competitive”, pushing each other to produce their best work.

    The series is set in Central and Southern Australia in the winter of 1980.
    Stan/Ian Routledge

    Slick and self-aware

    Having worked previously with his parents on multiple productions, Thou Shalt Not Steal is also something of a family affair. Co-created and co-written with cousin Tanith Glynn-Maloney, who also serves as executive producer, Thou Shalt Not Steal was developed during COVID lockdowns. The duo slowly developed the premise and the first two episodes over two years, before securing investment and support.

    The result is a slick, well-made series with terrific attention to detail. The gorgeous landscapes contrast with the dank, grimy spaces occupied by the antagonists. The soundtrack is its own treasure trove, ranging from Slim Dusty to the Yamma Family and the Warumpi Band, and always in perfect alignment to the scenes. The chorus of “almost the end, almost the end!” is a highlight in the last episode.

    Rivers says he tried not to

    […] shy away from being a bit cheesy, being a bit self-aware, and being over the top at times. Hopefully there’s twists and turns that people don’t expect. But it was very consciously, like, let’s have fun.

    Thou Shalt Not Steal is most definitely a fun ride.

    Thou Shalt Not Steal is streaming on Stan from today.

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

    – ref. Thou Shalt Not Steal: new Stan series is a perversely funny road trip through Central Australia – https://theconversation.com/thou-shalt-not-steal-new-stan-series-is-a-perversely-funny-road-trip-through-central-australia-241353

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: With reports Kamala might join Joe Rogan for a chat, the US election is showing the power of podcasting

    Source: The Conversation (Au and NZ) – By Lea Redfern, Lecturer, Discipline of Media and Communications, University of Sydney

    Call Her Daddy/YouTube

    It was big news in the podcasting world when US Vice-President Kamala Harris recently sat down with Alex Cooper’s Call Her Daddy for an extended interview. This was not just because it was one of the few times Harris has opened herself up to direct media scrutiny, but also because it signalled podcasting’s coming of age.

    Now there are fresh reports she could sit down with Joe Rogan for his top-rated show. Former president Donald Trump has also said he’ll record with Rogan before election day.

    High-stakes interviews are no longer solely the domain of legacy media. Politicians, like celebrities with a story to tell or a film to sell, can pop onto a podcast with a hopefully sympathetic host to reach vast and potentially new audiences. (That said, Harris also did interviews with CBS News, 60 Minutes, The View and CBS’s The Late Show with Stephen Colbert the same week.)

    So for the VP and Democratic presidential candidate, is this about finding new audiences or answering to a different, perhaps softer style of interview?

    Call her who?

    If you haven’t heard of Call Her Daddy, note the show’s emphasis is on sex and female empowerment. Cooper’s listeners are 70% women and 76% of them are aged under 35. It is often compared to the Joe Rogan Experience, a comparison Cooper hates. Cooper has also been called the Oprah Winfrey of her generation, which may say something about her interviewing skills or her market value.

    The comparisons to Rogan are hard to avoid. Call Her Daddy has been running since 2018. In 2020, Cooper split with her co-host and took the program to Spotify, also home to the Joe Rogan Experience. There, Call Her Daddy rose to be the second most-listened-to podcast globally, behind Rogan, with an average of 5 million weekly listeners. Spotify gave Cooper US$60 million to Rogan’s rumoured $250 million. This particular gender pay gap was recently reduced when Cooper took the podcast to SiriusXM for $125 million.

    A Harris appearance on Rogan’s podcast could give her a larger audience than Cooper’s and parallel access to young male listeners.

    ‘Here’s the thing …’

    Soft or smart?

    Harris’ decision to be interviewed on a podcast aimed at young women brought criticism from those who saw it as the “soft option”, as well as those who don’t rate young women or approve of talk of sex.

    The same commentators seem to have overlooked that for the last year, Trump has been wooing the “manosphere” and has called in to friendly bro-casts such as This Past Weekend with Theo Von. In other podcasts like Full Send, Trump has had scope for friendly freewheeling banter on topics from Ice Spice to golf.

    Cooper says she also invited the former president onto her show to discuss women’s rights.

    In the journalistic tradition of podcasts since Serial, Cooper revealed her process and opened her interview with Harris by sharing the reasoning behind her line of questioning. “Let’s be real, I’m probably not the one to be having the fracking conversation,” she deadpanned.

    Harris said she went on the podcast “to be real, you know, and to talk about the things that people really care about”. There were moments of genuine emotion, such as anger and compassion at the death of a young woman, Amber Thurman, in Georgia in the wake of the US’s newly restrictive abortion laws. Yet at times Harris still sounded rehearsed, in the manner of people in the public eye required to repeatedly answer similar questions and give similar speeches.

    The risk to a politician is that the authenticity and intimacy for which podcasting is known could just as well work against them – a lack of “realness” becomes amplified through headphones, straight into the listeners’ ears.

    While Harris’ cadence sounded like familiar speechifying near the end, perhaps her anecdotes were new to sections of Cooper’s audience. For all the claims that a focus on the concerns of women made for a “soft interview”, it was also a timely reminder of the centrality of reproductive freedom to women’s lives and the election.

    The risks of the interview were more Cooper’s, who hinted at the prospect of losing listeners by interviewing a politician while wanting Call Her Daddy to be “a place where everyone feels comfortable tuning in”. This is a pertinent concern for her as much of the program’s initial popularity was built on Barstool, a media company known for its conservative leanings.

    A different listener

    The question remains: is appearing on extremely popular podcasts with young audiences a good political strategy for Harris? The positives of appearing on Call Her Daddy were clear, given Cooper’s main audience of young women is generally more politically engaged and motivated to vote than young men.

    Rogan’s audience is 81% male with 34% aged 18–35. Making a connection with young men could prove trickier for Harris within the “bro-ey”, jokey framework of the Joe Rogan Experience than it was with Cooper.

    A lot will depend on Harris’ interaction with the host, but Rogan is not known for hostile interviewing and Harris is experienced in connecting with people from a range of backgrounds. And her recent spot on shock jock Howard Stern’s radio show gave her a chance to share her love of car racing.

    In a tight election, which could come down to swing voters in six or seven states, such skills, showcased in the podcasting space, could impact the election. The potential gains seem worth any risks.

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

    – ref. With reports Kamala might join Joe Rogan for a chat, the US election is showing the power of podcasting – https://theconversation.com/with-reports-kamala-might-join-joe-rogan-for-a-chat-the-us-election-is-showing-the-power-of-podcasting-241462

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Economics: Kazakhstan’s Resource Economy: Diversification Through Global Value Chains

    Source: Asia Development Bank

    The report details how mining and metals made up over 80% of Kazakhstan’s gross exports in 2021 and explains the need for the country to develop secondary and tertiary sectors. It outlines the steps Kazakhstan could take to invest in infrastructure and human capital, reform its financial systems, and finetune trade agreements to help boost its global competitiveness and reduce its exposure to external shocks.

    MIL OSI Economics –

  • MIL-OSI: Anthem Citizen Real Estate Development Trust Files Initial Public Offering Final Prospectus and Sets Closing Date for Offering

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    The final long form prospectus is accessible through SEDAR+

    VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) — Anthem Citizen Real Estate Development Trust (the “REDT”) announced today that it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of C$82 million and has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a final prospectus (the “Prospectus”) for an initial public offering of its trust units (the “Offering”).

    It is expected that the Offering will close on October 29, 2024.

    The REDT is a newly created, unincorporated investment trust and was established for the primary purpose of indirectly owning an interest in a mixed-use, transit-oriented development project (the “Project”) located in Burnaby, British Columbia. The Project comprises 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space. The Project is currently beneficially owned by a subsidiary of Anthem Developments (Canada) Ltd. and its non-managing, co-investment partner.

    CIBC World Markets Inc. (the “Agent”) is the sole agent for the Offering.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the REDT in the United States, nor shall there be any sale of the securities of the REDT in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

    This Offering is only being made to the public by prospectus. Access to the Prospectus and any amendment to the Prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. The Prospectus is accessible on SEDAR+ at http://www.sedarplus.com. An electronic or paper copy of the Prospectus and any amendment to the Prospectus may be obtained, without charge, from CIBC World Markets Inc. by telephone at 1-416-956-6378 or by email at mailbox.canadianprospectus@cibc.com, by providing such contact with an email address or address, as applicable. Investors should read the prospectus before making an investment decision.

    Anthem Citizen Real Estate Development Trust

    Anthem Citizen Real Estate Development Trust was formed for the primary purpose of indirectly owning an interest in the development of a mixed-used, transit-oriented development project in Burnaby, British Columbia expected to develop and operate a building containing 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space.

    Forward-Looking Statements

    This news release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of the REDT regarding future events, including statements concerning commitments and expressions of interest in connection with the Offering, the use of proceeds of the Offering, the timing of closing of the Offering, and expectations with respect to the development of the Project. In some cases, forward-looking statements can be identified by terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “forecast”, “potential”, “continue”, “likely”, “schedule”, or the negative thereof or other similar expressions concerning matters that are not historical facts.

    Material factors and assumptions used by management of the REDT to develop the forward-looking information include, but are not limited to, the REDT’s current expectations about: real property ownership and revenues; construction and development risk; obtaining necessary building permits for the Project; the realization of property value appreciation and timing thereof; the inventory of mixed-use properties; competition from developers of mixed-use properties; the Burnaby, British Columbia real estate market; government legal and regulatory changes; property encumbrances relating to the Project; significant fixed expenditures and fees in connection with the maintenance, operation and administration of the Project; closing and other transaction costs in connection with the acquisition and disposition of the Project; the availability of financing and current interest rates; revenue shortfalls; assumptions about rental growth rates, hotel occupancy and average daily rates in the Canadian mixed-use real estate market; demographic trends; fluctuations in interest rates; litigation risks; the relative illiquidity of real property investments; the Canadian economic environment; the geographic concentration of the REDT’s business; natural disasters and severe weather; demand levels for mixed-use properties in the metro Vancouver area and local economic conditions; negative geopolitical events; public health crises; the capital structure of the REDT; distributions; capital depletion; potential conflicts of interest; reliance on the good faith and ability of the Project’s project manager to manage and operate the Project; reliance on property management companies; the limited operating history of the REDT; the limited experience of management of the REDT with respect to managing a reporting issuer; the limited liquidity of the Class A Units and Class F Units; and tax laws. While management of the REDT considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

    Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the REDT’s internal projections, expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities may not be achieved. A variety of factors, many of which are beyond the REDT’s control, could cause actual results in future periods to differ materially from current expectations of estimated or anticipated events or results expressed or implied by such forward-looking statements. Such factors include the risks identified in the Prospectus, including under the heading “Risk Factors” therein. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REDT undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    Additional information regarding Anthem Citizen Real Estate Development Trust is available at http://www.citizenbyanthemdevtrust.com and on http://www.sedarplus.com.

    About Anthem Properties

    Anthem is a real estate development, investment and management company that strives, solves and evolves to create better spaces and stronger communities, with more than 385 residential, commercial, and retail projects. Founded in 1991, Anthem is a team of 800 people, with a diverse portfolio consisting of 41,700 homes, 11.5 million square feet of retail, industrial and office space and has developed more than 60 communities across 9,800 acres of land across in Alberta, British Columbia, Ontario and California. We are Growing Places.

    Contact:

    Elisha McCallum
    Vice President, Communications
    Phone: 604.488.3612 Mobile: 778.668.0185
    Email: emccallum@anthemproperties.com

    The MIL Network –

  • MIL-OSI Security: Brighton Man Sentenced To 90 Months In Connection With Gun Incident That Injured Bystander At Gaylord Hotel

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    DENVER – The United States Attorney’s Office for the District of Colorado announces that Sonny Perez, age 33, of Brighton, was sentenced to 90 months in prison, and four years of supervised release after pleading guilty to one count of possession with intent to distribute 40 grams and more of a mixture and substance containing fentanyl and one count of possession of ammunition by a convicted felon.

    According to the plea agreement, on May 29, 2023, Perez was at the Gaylord Hotel in Aurora to sell methamphetamine. According to security footage, when Perez exited the hotel, he had his right hand in his pants pocket. Individuals outside the hotel reported hearing a loud sound and seeing a bystander with blood dripping down his leg. That person received medical treatment for a gunshot wound to the leg. Investigators traced Perez to his home, where they found narcotics, evidence of drug distribution, and ammunition. Perez has a prior felony conviction and is prohibited from possessing ammunition.

    “Felons should be on notice—they will face long sentences if they continue to arm themselves,” said Acting United States Attorney for the District of Colorado Matt Kirsch. “I thank our partners for joining us in the fight to keep guns and ammunition out of the hands of felons and drugs off our streets.”

    “Violent, illegally-armed, drug-trafficking felons present a persistent and serious danger to innocent citizens everywhere,” said ATF Special Agent in Charge Brent Beavers. “ATF, in close partnership with the Aurora Police Department and the RAVEN Task Force, relentlessly pursue these violent criminals every day with the full force of local, state, and federal law enforcement resources.”

    “I am grateful for the swift actions of our officers and detectives that led to the arrest of the suspect just two days after the initial shooting,” said Aurora Police Investigations Divisions Chief Mark Hildebrand. “This outcome reflects our agency’s commitment to public safety and our determination to hold those who endanger our community accountable.”

    “This case exemplifies the commitment of the RAVEN Task Force, it’s member agencies, and the U.S. Attorney’s Office to hold those who commit gun violence accountable. RAVEN is at work every day to protect our communities,” said Lieutenant DJ Tisdale, RAVEN Task Force Commander.

    Judge Regina M. Rodriguez presided over the sentencing. The ATF, the RAVEN Task Force, and the Aurora Police Department handled the investigation. Assistant United States Attorneys Celeste Rangel and Brian Dunn handled the prosecution.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    Case Number: 1:23-cr-00334-RMR-1

     

    MIL Security OSI –

  • MIL-OSI New Zealand: Changes to Migrant Exploitation Protection Work Visa

    Source: New Zealand Government

    The Government is continuing to stabilise the immigration system by tightening the Migrant Exploitation Protection Work Visa (MEPV).

    “Despite New Zealand being internationally regarded as a safe, fair and highly attractive place to work, we are not immune to migrant exploitation. This is unacceptable,” Immigration Minister Erica Stanford says.

    “The MEPV supports migrants to leave exploitative situations quickly while remaining lawfully in New Zealand. It also provides them the chance to find new work. However, the current criteria is too broad and risks prolonging the time migrants remain in a vulnerable position.

    “These settings need to be balanced to ensure they provide the ability for migrants to leave exploitative employment.”

    From 31 October, the visa will:

    • Continue to provide open work rights provided for a six-month duration
    • Update the definition of migrant exploitation to specify exploitation must be linked to a genuine employment relationship
    • Exclude lawful employment terminations, redundancies, and non-payment of final wages due to liquidation, except in cases where this has occurred alongside other exploitative behaviour or has not followed legal process

    The ability to apply for a second MEPV for a further six months will also be removed. A two-week transitional period will allow those currently holding an MEPV expiring on or before 30 November to be granted a second MEPV if they wish to do so.

    “This ensures migrants have adequate time to find further work or arrange their affairs and depart New Zealand. They also reduce the prospect of migrants being in financially precarious and vulnerable situations, and the risk of future exploitation.

    “This alongside introducing an English language requirement and a minimum skills or experience threshold to the Accredited Employer Work Visa (AEWV), signals this Government’s commitment to reducing the opportunity for migrant exploitation,” Ms Stanford says.

    MIL OSI New Zealand News –

  • MIL-OSI USA: ICYMI: The Wall Street Journal Sounds the Alarm on Harris-Biden Administration For $5 Billion Election Year Prescription Drug Bribe

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    “Democrats failed to appreciate that there’s no such thing as a free entitlement expansion.”
    Washington, D.C. – The Wall Street Journal’s Editorial Board recently published a piece titled, “A Medicare Election Bribe for Seniors.” In the piece, the Editorial Board exposes a new Harris-Biden Administration subsidy for large insurance companies as a deficit-busting, cynical attempt at influencing American seniors ahead of the November election. 

    You may click HERE or on the image above to read the Editorial Board’s take on this Harris-Biden Administration policy.
    Topline takeaways from the article: 

    The Biden-Harris Administration “announced lower Medicare prescription drug premiums, which will naturally be paid for by taxpayers.”
    “The political irony is that Biden officials are increasing subsidies to insurers they otherwise vilify to mitigate pre-election harm from the Inflation Reduction Act.”
    “CMS uses a complicated formula to subsidize premiums, but healthcare analysts projected that premiums would rise by hundreds of dollars.”
    “Insurers projected that Part D premiums would balloon next year, when the $2,000 cap and other freebies kick in. Providing basic Part D benefits next year is estimated to cost $179.45 a month on average, up from $64.28 this year and $34.71 in 2023, according to CMS.”
    “Some insurers warned they might exit the market to avoid losing money. Seniors are notified of the premium spikes before open enrollment begins in mid-October. Talk about a surprise bill.”

    The nonpartisan Congressional Budget Office (CBO) estimates this plan would cost taxpayers an extra $5 billion next year alone. You may click HERE to read CBO’s analysis of this policy.

    MIL OSI USA News –

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Minister for Digital Development and Information and Minister-in-charge of Smart Nation and Cybersecurity of Singapore over breakfast

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, had a breakfast meeting with H.E. Josephine Teo, Minister for Digital Development and Information and Minister-in-charge of Smart Nation and Cybersecurity of Singapore and the host of the 9th ASEAN Ministerial Conference on Cybersecurity. They exchanged views on the ASEAN Digital economy and digital transformation agenda, including key initiatives on cybersecurity, among others.

    The post Secretary-General of ASEAN meets with the Minister for Digital Development and Information and Minister-in-charge of Smart Nation and Cybersecurity of Singapore over breakfast appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Security: Bienville Parish Man Sentenced for Illegal Possession of Crack Cocaine and a Firearm and Ammunition

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    SHREVEPORT, La. – United States Attorney Brandon B. Brown announced that Martino Antwion Hill, 42, of Ringgold, Louisiana, was sentenced today for illegal possession of narcotics and a firearm and ammunition.  United States District Judge S. Maurice Hicks, Jr. sentenced Hill to 156 months (13 years) in prison, followed by 3 years of supervised release for possession with intent to distribute crack cocaine and being a convicted felon in possession of a firearm. 

    On February 25, 2022, deputies with the Bienville Parish Sheriff’s Office observed Hill and another individual standing outside of a vehicle which they believed had been driven by Hill. Deputies were aware that Hill had several active felony warrants and approached the vehicle. As law enforcement officers approached, Hill began to walk away from the vehicle and refused to follow the commands of officers to stop as they approached. Hill resisted arrest and the officers took him into custody. They searched his person and discovered over $5,000 in cash and approximately 11.32 grams of crack cocaine. A search of his vehicle was conducted, and officers discovered a Ruger model 5.7, caliber 5.728 firearm and ammunition on the rear seat of the vehicle.

    Hill has previous felony convictions for possession with intent to distribute a controlled dangerous substance on two occasions and possession of a firearm by a felon. He admitted that he was a convicted felon at the time of this offense and knew he was prohibited from possessing any firearm or ammunition. 

    The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and Bienville Parish Sheriff’s Office and prosecuted by Assistant United States Attorney Robert F. Moody.

    # # #

    MIL Security OSI –

  • MIL-OSI USA: Shaheen Presents Stone on Behalf of President Biden at the Cathedral of the Pines Peace Memorial

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Rindge, NH) – U.S. Senator Jeanne Shaheen (D-NH) delivered remarks and read a letter from President Joe Biden before presenting a stone from the President’s home state of Delaware to the Cathedral of the Pines. The Cathedral of the Pines is an interfaith memorial dedicated to the memory and honor of all Americans who serve the nation in search of peace. Photos from today’s event can be found here.

    “Including stones representing nearly every president going back to Harry Truman, the Cathedral of the Pines’ Altar of the Nation is a powerful memorial to those who have died fighting for peace,” said Senator Shaheen. “Today in Rindge, I was delighted to help keep this special tradition going by presenting a stone on behalf of President Biden from his home state of Delaware.”

    In May of 2016, Shaheen presented a stone from Pearl Harbor on behalf of former President Barack Obama to the memorial. It is a longstanding tradition for stones to be placed in the Altar of the Nation, a Congressionally recognized memorial to all American war dead, which includes stones from nearly every president going back to Harry Truman.

    MIL OSI USA News –

  • MIL-OSI Security: Ex-Mexican Secretary of Public Security Genaro Garcia Luna Sentenced to Over 38 Years’ Imprisonment

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Former Highest Ranking Law Enforcement Official in Mexico Took Millions of Dollars in Bribes from the Sinaloa Cartel and Enabled Transportation of More Than One Million Kilograms of Cocaine to the United States

    Genaro Garcia Luna, the former Secretary of Public Security in Mexico from 2006 to 2012, was sentenced today by United States District Judge Brian M. Cogan to 460 months’ imprisonment and a $2 million fine for his decade-long assistance to the Sinaloa Cartel in exchange for millions of dollars in bribes.  Following a four-week trial in February 2023, Garcia Luna was convicted by a jury of engaging in a continuing criminal enterprise, international cocaine distribution conspiracy, conspiracy to distribute and possess with intent to distribute cocaine, conspiracy to import cocaine and making false statements.

    Breon Peace, United States Attorney for the Eastern District of New York, Anne Milgram, Administrator, U.S. Drug Enforcement Administration (DEA), and Katrina W. Berger, Executive Associate Director, Homeland Security Investigations (HSI), announced the verdict.

    “Today’s sentencing of Genaro Garcia Luna is a critical step in upholding justice and the rule of law.  His betrayal of the public trust and the people he was sworn to protect resulted in more than one million kilograms of lethal narcotics imported into our communities and unleashed untold violence here and in Mexico. This sentence sends a strong message that no one, regardless of their position or influence, is above the law.” stated United States Attorney Peace.  “After years of destructive narcotrafficking and deceit, Garcia Luna will spend nearly 40 years where he belongs: federal prison.”

    “Today’s sentencing of Mexico’s former Secretary of Public Security, Genaro Garcia Luna, sends a clear message to corrupt leaders around the world who use their positions of power to help the cartels: no amount of power will shield you from justice,” said DEA Administrator Anne Milgram. “Garcia Luna accepted millions of dollars in bribes from the Sinaloa Cartel to allow millions of kilograms of cocaine to flood the streets of the United States.  Instead of protecting the citizens of Mexico, Garcia Luna was protecting drug cartels.  The DEA will continue to relentlessly pursue drug trafficking organizations and those who protect them.”

    “Today’s sentencing sends a powerful message that no one is above the law,” said HSI Executive Associate Director Katrina W. Berger. “HSI continues its partnered commitment to disrupting and dismantling the criminal networks responsible for bringing deadly narcotics into the U.S.”

    As proven at trial, from 2006 to 2012, Garcia Luna was Mexico’s top law enforcement official, serving as Secretary of Public Security and, in that capacity, controlled Mexico’s Federal Police Force.  Previously, from 2001 to 2005, the defendant was the head of Mexico’s Federal Investigative Agency (AFI).  The defendant used his official positions to assist the violent Sinaloa Cartel (the Cartel) in exchange for millions of dollars in bribes.  Garcia Luna’s conduct included facilitating safe passage of the Cartel’s drug shipments, providing sensitive law enforcement information about investigations into the Cartel and helping the Cartel attack rival drug cartels, thereby facilitating the importation of multi‑ton quantities of cocaine and other drugs into the United States.

    In exchange for bribes, the defendant’s Federal Police Force acted as bodyguards and escorts for the Cartel, allowing Cartel members to wear police uniforms and badges and helping to unload shipments of cocaine from planes at Mexico City’s airport, then delivering the cocaine to the Cartel. The defendant was paid in U.S. currency, stuffed variously in suitcases, briefcases and duffel bags.  The bribe amounts increased over the years as the Sinaloa Cartel grew in size and power through the assistance of the defendant.   Former members of the Cartel testified that bribe money was handed off to the defendant in a variety of locations, including at a “safe house” located in Mexico City where large amounts of cash were hidden in a false wall, at a car wash in Guadalajara and at a French restaurant in Mexico City across the street from the U.S. Embassy.  Further, in exchange for the millions of dollars in bribes, the defendant’s Federal Police Force leaked sensitive information that enabled the Cartel to evade detection by law enforcement or use the information in attacks on rival traffickers.  Finally, after moving to the United States in 2012, Garcia Luna submitted an application for naturalization in 2018, in which he lied about his past criminal conduct on behalf of the Cartel in an attempt to become a U.S. citizen.

    In connection with post-trial proceedings, the Court also found that, while he was awaiting sentencing, Garcia Luna obstructed justice when he sought to bribe fellow inmates to provide false testimony in an attempt to overturn the jury’s verdict.

    The investigation was led by the New York Strike Force, a crime-fighting unit comprising federal, state and local law enforcement agencies supported by the Organized Crime Drug Enforcement Task Force and the New York/New Jersey High Intensity Drug Trafficking Area.  The Strike Force is based at the DEA’s New York Division and includes agents and officers of the DEA, New York City Police Department, New York State Police, Homeland Security Investigations, U.S. Internal Revenue Service Criminal Investigation Division, Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Customs and Border Protection, U.S. Secret Service, United States Marshals Service, New York National Guard, Clarkstown Police Department, U.S. Coast Guard, Port Washington Police Department and New York State Department of Corrections and Community Supervision.

    HSI New York’s El Dorado Task Force (EDTF) played an important role in this investigation. The EDTF is comprised of more than 200 law enforcement personnel representing approximately thirty-five (35) federal, state, and local law enforcement and regulatory agencies, including the DEA.

    The government’s case is being handled by the Office’s International Narcotics and Money Laundering Section.  Assistant U.S. Attorneys Saritha Komatireddy, Erin Reid, Ryan C. Harris, Philip Pilmar and Adam Amir are in charge of the prosecution, with the assistance of Paralegal Specialists Huda Abouchaer and Melissa Bennett.

    The Defendant:

    GENARO GARCIA LUNA
    Age:  56
    Miami, Florida

    E.D.N.Y. Docket No. 19-CR-576 (S-1) (BMC)

    MIL Security OSI –

  • MIL-OSI USA: Rosen Secures Additional Direct Flight to Las Vegas, Boosting Local Tourism Economy

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    LAS VEGAS, NV – Today, U.S. Senator Jacky Rosen (D-NV) announced that she has secured a new direct flight to Las Vegas, helping bring more visitors and boost the local tourism economy. Following a Rosen-led letter of support, the Department of Transportation has awarded Southwest Airlines a direct flight between Ronald Reagan National Airport (DCA) and Harry Reid International Airport (LAS).
    “Travel and tourism are critical for the Las Vegas economy, which is why I’ve been working to increase transportation options and bring more visitors to our city. I’m proud to announce that I helped secure a new direct flight route to Las Vegas from Ronald Reagan National Airport,” said Senator Rosen. “The addition of this flight will bolster Nevada’s travel and tourism economy that sustains thousands of good-paying jobs.”
    Senator Rosen has been a leader in working across party lines to support Nevada’s travel and tourism industry. Last year, she officially announced $3 billion in funding she secured for the historic Brightline West high-speed rail project that will serve Las Vegas and Southern California. As a lead author of the airports section of the Bipartisan Infrastructure Law, Senator Rosen helped create the Airport Terminal Program to provide funding to help airports expand and rebuild their terminals. Earlier this year, Senator Rosen and Senator Cortez Masto announced nearly $28 million from the Bipartisan Infrastructure Law for improvements at Harry Reid International Airport. 

    MIL OSI USA News –

  • MIL-OSI China: Full Text: Remarks by Chinese Premier Li Qiang at the 23rd Meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization

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

    Full Text: Remarks by Chinese Premier Li Qiang at the 23rd Meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization

    ISLAMABAD, Oct. 17 — Chinese Premier Li Qiang on Wednesday delivered a speech at the 23rd Meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization.

    The following is the full text of the speech:

    Remarks by H.E. Li Qiang

    Premier of the State Council of the People’s Republic of China

    At the 23rd Meeting of the Council of Heads of Government of

    Member States of the Shanghai Cooperation Organization

    Islamabad, October 16, 2024

    Your Excellency Prime Minister Shehbaz Sharif,

    Colleagues,

    It is a great pleasure to meet you in Islamabad, the beautiful “city of gardens.” At the outset, I wish to express my appreciation to Prime Minister Shehbaz Sharif and the government of Pakistan for your meticulous preparations and thoughtful arrangements for this meeting. I welcome Prime Minister Roman Golovchenko of Belarus, a new member state of the Shanghai Cooperation Organization (SCO).

    Over the past year, governments of the member states of the SCO have actively responded to and implemented the common understandings of the Council of Heads of State, carried out solid cooperation in such areas as economy, trade, security and people-to-people exchanges, reached dozens of cooperation documents, and formulated more than 10 reform measures. Fruitful outcomes have been achieved. The member states have forged ahead steadily and side by side on a collective journey to promote security and development. Unlike most international organizations, the SCO has both a Council of Heads of State and a Council of Heads of Government. As it happens, the specific institutional design, with the Council of Heads of State drawing up the blueprint and the Council of Heads of Government focusing on implementation, has been effective, practical and efficient, and has made the SCO an important platform for maintaining peace and stability in the region and promoting development and prosperity of nations.

    At the Astana Summit held last July, President Xi Jinping and fellow leaders of member states reached important understandings on jointly building a common home of the SCO featuring solidarity and mutual trust, peace and tranquility, prosperity and development, good-neighborliness and friendship, and fairness and justice. This endeavor to build a common home is driven by the values we all share; it focuses on the tough issues we all face, and will help create a future we all desire. In my view, this common vision entails efforts in the following five aspects:

    First, efforts to build an even more solid political foundation. The fundamental reason why the SCO has stayed vibrant since its inception is that we have upheld the Shanghai Spirit, a vital political consensus, and endeavored to be trustworthy and reliable partners for each other. No matter how the international landscape may evolve, SCO cooperation in various fields will move forward steadily as long as the Shanghai Spirit remains entrenched.

    Second, efforts to provide more reliable security safeguards. As we speak, geopolitical conflicts, power politics and acts of bullying continue to undermine regional peace and stability, while on such fronts as cyber security and biosecurity, new threats and new challenges continue to emerge. No country is immune, and the only true security is security for all. Only by further improving the mechanisms and tools to tackle threats and challenges can we provide better safeguards for common development.

    Third, efforts to foster closer economic bonds. The SCO’s continuous expansion of membership in recent years has created more notable economic complementarity among member states. By deepening our economic ties, resisting external attempts of pulling us apart, and tapping into and pooling our respective strengths in resources, market and industries, we will be able to foster even stronger synergy for development.

    Fourth, efforts to cultivate stronger emotional bonds. Our region is home to diverse and splendid civilizations, where different nations and cultures have interacted and converged with each other throughout the course of history and coexisted in harmony. This has been the source of popular support for cooperation among SCO member states. We need to further promote mutual learning among civilizations and cultural exchanges so as to enhance mutual understanding and friendship between the people of SCO member states.

    Fifth, efforts to boost coordination in multilateral fora. Embracing 26 countries from three continents, the SCO family is a constructive force that carries important global influence. With our commitment to the purposes and principles of the U.N. Charter, and our enhanced communication and coordinated actions, SCO member states will better rally the developing world in promoting a more just and equitable global order.

    As president of the SCO for 2024-2025, China has introduced “Upholding the Shanghai Spirit: SCO on the Move” as our slogan. The goal is to engender effective actions among ourselves to deliver on the agreement of our heads of state and realize the vision of building a common home featuring solidarity and mutual trust, peace and tranquility, prosperity and development, good-neighborliness and friendship, and fairness and justice. In this connection, China proposes the following four points.

    First, enhancing strategic synergy for our shared purpose. Pursuing peaceful development is the abiding purpose of the SCO. We should stay grounded in the fundamental and long-term interests of the region, bear in mind the big picture and keep external disruptions at bay. Our best efforts must be directed toward mapping out the SCO’s development strategy for the next decade and drawing up roadmaps for cooperation in various areas. Member states should step up strategic communication, bridge differences and boost mutual trust through dialogue, and pool strengths for unity.

    Second, expanding practical cooperation in line with development needs. The year 2025 will be the SCO Year of Sustainable Development. China stands ready to deepen cooperation with all sides in poverty reduction, digital economy and green development, to generate sustained momentum for development. We should continue to draw impetus from openness and cooperation, boost the region’s trade and investment facilitation and connectivity, and maintain stable and smooth industrial and supply chains. Active efforts should be made to establish an SCO development bank in order to provide financing support for countries in their pursuit of development.

    Third, proactively addressing major risks. Our region continues to face grave security issues. The fight against terrorism, separatism and extremism remains a long-term, arduous task, and various challenges lie ahead in such areas as safeguarding information security and combating transnational organized crime. China stands ready to work with all sides to strengthen intelligence sharing and joint operations, move faster to build a universal center to address the challenges and threats to the security of SCO member states and the Anti-Drug Center, and strive for major outcomes at next year’s summit, so that we can put in place new platforms and a new architecture for regional security cooperation.

    Fourth, expanding people-to-people exchange to meet popular expectations. We should fully leverage the role of the SCO Committee on Good-Neighborliness, Friendship and Cooperation, develop an effective SCO digital education alliance, organize excellent events under our flagship programs such as the Forum on People-to-People Friendship and the Forum on Friendship Cities, the Forum on Women, and the Art Exhibition of Young Artists, and increase our peoples’ participation and sense of fulfillment, to keep people-to-people friendship strong for generations to come.

    Colleagues,

    As an ancient Chinese saying goes, “Those who take real actions are more likely to succeed, and those who hit the road are more likely to reach the destination.” Let’s continue to carry forward the Shanghai Spirit, pull together, and take practical and determined steps. Let’s get on the move to deliver on our responsibility, build prosperity and usher in a better future for our common home.

    Thank you.

    MIL OSI China News –

  • MIL-OSI China: 2024 China Toy Expo kicks off in Shanghai

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

    2024 China Toy Expo kicks off in Shanghai

    Updated: October 17, 2024 10:15 Xinhua
    Staff of an exhibitor promote their products through live-streaming during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. The three-day 2024 China Toy Expo kicked off at Shanghai New International Expo Centre Wednesday, attracting more than 2,500 companies of the toy industry from home and abroad. [Photo/Xinhua]
    A visitor walks past a car model display cabinet during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]
    Visitors are seen at the exhibition booth of a jigsaw enterprise during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]
    A staff member (2nd R) of an exhibitor introduces their products to customers during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]
    Visitors are seen at the exhibition booth of a wood toy enterprise during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]
    A visitor touches a stuffed squirrel toy during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]
    Visitors play an educational board game during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]
    Visitors look at miniatures displayed during the 2024 China Toy Expo in east China’s Shanghai, Oct. 16, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Autumn harvest in Linhe District of Bayannur, N China

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

    Autumn harvest in Linhe District of Bayannur, N China

    Updated: October 17, 2024 10:12 Xinhua
    A farmer drives a harvester to harvest sunflower seeds in a field in Linhe District of Bayannur, north China’s Inner Mongolia Autonomous Region, Oct. 15, 2024.  [Photo/Xinhua]
    A farmer airs chili peppers in a field in Urad Front Banner of Bayannur, north China’s Inner Mongolia Autonomous Region, Oct. 16, 2024. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 15, 2024 shows farmers airing chili peppers in a field in Linhe District of Bayannur, north China’s Inner Mongolia Autonomous Region. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows farmers airing chili peppers in a field in Urad Front Banner of Bayannur, north China’s Inner Mongolia Autonomous Region. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows a farmer harvesting corns in a field in Urad Front Banner of Bayannur, north China’s Inner Mongolia Autonomous Region. [Photo/Xinhua]
    Farmers air chili peppers in a field in Linhe District of Bayannur, north China’s Inner Mongolia Autonomous Region, Oct. 15, 2024. [Photo/Xinhua]
    Farmers air chili peppers in a field in Linhe District of Bayannur, north China’s Inner Mongolia Autonomous Region, Oct. 15, 2024. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 16, 2024 shows farmers airing chili peppers in a field in Urad Front Banner of Bayannur, north China’s Inner Mongolia Autonomous Region. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Chinese agricultural scientists win FAO Achievement Award

    Source: China State Council Information Office

    Qu Dongyu (R), director-general of the Food and Agriculture Organization of the United Nations (FAO), presents the FAO Achievement Award to the Institute of Plant Protection of the Chinese Academy of Agricultural Sciences (IPPCAAS) at a ceremony to mark the World Food Day in Rome, Italy, on Oct. 16, 2024. [Photo/Xinhua]

    The Institute of Plant Protection of the Chinese Academy of Agricultural Sciences (IPPCAAS) was awarded the Food and Agriculture Organization of the United Nations (FAO) Achievement Award Wednesday at a ceremony held by the FAO to mark the 44th World Food Day in Rome, Italy.

    FAO Director-General Qu Dongyu presented the prestigious FAO Achievement Award to the IPPCAAS and described their groundbreaking work in combating the Fall Armyworm as having a profound impact in China, across Asia, and globally, making significant strides in protecting crops and securing food supplies.

    This year’s World Food Day, with the theme “Right to foods for a better life and a better future,” aims to raise global awareness about the right to foods and advocates for transforming agrifood systems to support peaceful, resilient, and inclusive livelihoods for all.

    According to the FAO, around 730 million people are currently facing hunger, and over 2.8 billion people cannot afford a healthy diet. This means that even if their calorie intake is sufficient, they may not be receiving the necessary nutrients and dietary diversity to maintain good health.

    In his address, Qu called for renewed “commitment to building more efficient, inclusive, resilient, and sustainable agrifood systems that can nourish the world,” saying, “There is no time to lose; we must take immediate action.”

    In a video message, UN Secretary-General Antonio Guterres said that a zero-hunger world was possible, but “food systems need a massive transformation,” to become more efficient, inclusive, resilient and sustainable.

    As part of the World Food Day celebrations, a World Food Forum event is being held at FAO headquarters from Oct. 14 to 18.

    The FAO Award for Achievement is awarded every two years to honor an entity or individual for outstanding technical cooperation or humanitarian work in the fields of sustainable agriculture, rural development, or food security at the country level.

    MIL OSI China News –

  • MIL-OSI China: Nearly 400 Palestinians killed, 1,500 injured in Gaza in one week

    Source: China State Council Information Office

    Palestinians mourn over victims killed by the Israeli army in the refugee camp of Jabalia, at a hospital in Gaza City, on Oct. 11, 2024. [Photo/Xinhua]

    In just one week, nearly 400 Palestinians have reportedly been killed and almost 1,500 injured in Gaza, said Joyce Msuya, the UN acting under-secretary-general for humanitarian affairs and emergency relief coordinator, on Wednesday.

    Briefing the UN Security Council on the humanitarian situation in Gaza, Msuya said the people of Gaza have suffered multiple mass casualty incidents due to Israeli airstrikes since her last briefing on Oct. 9.

    “The world has seen the images of patients and displaced persons, sheltering near Al Aqsa hospital, burning alive,” she said, adding that scores of others, including women and children, are suffering the excruciating pain of severe lifechanging burns.

    “If such horror does not awaken our sense of humanity and propel us to action, what will?” Msuya asked.

    She said Israel’s military offensive is intensifying in the north, and since the beginning of October, it’s estimated that over 55,000 people have been displaced from the Jabaliya area, while others remain stranded in their homes with water and food running out.

    “For the 155,000 pregnant and breastfeeding women in Gaza, it is an exhausting and traumatizing experience, not knowing where and how to give birth, or whether their child will survive,” said Msuya.

    She noted that from Oct. 2 to 15, no food aid entered northern Gaza with “a trickle” allowed in, and all essential supplies for survival are running out.

    “Given the abject conditions and intolerable suffering in north Gaza, the fact that humanitarian access is nearly non-existent is unconscionable,” she said.

    Msuya said that during the first two weeks of October, just one out of 54 coordinated movements to the north via the Al Rashid checkpoint was facilitated by Israeli authorities, while another four were impeded but eventually accomplished. Eighty-five percent of the movements were denied, and the rest were impeded or canceled, due to security or logistical issues.

    “Every time a mission is impeded, the lives of people in need and humanitarians on the ground are put at even greater risk,” she said.

    “The level of suffering in Gaza defies our ability to capture it in words, or even to comprehend its scale,” said the senior UN official, adding that “international humanitarian law must be respected and this council, and all member states, must exert all their influence to ensure it.”

    The representative of Algeria, who requested the meeting, expressed alarm about the catastrophic humanitarian situation in Gaza.

    He noted that a few trucks of aid were distributed in northern Gaza on Tuesday, but failed to reach Jabalia, which remains under siege. “Let me be crystal clear: a military siege that deprives civilians of essential means of survival is not just unacceptable. It is a war crime,” he stated.

    Riyad Mansour, the permanent observer for the State of Palestine to the United Nations, said that in the face of the “monstrosity” unfolding in northern Gaza, “silence and inaction are not an option.”

    Noting that the Palestinian and Lebanese people are paying the price for Israel’s impunity, he said that in northern Gaza, 400,000 besieged, starved, and bombed Palestinians are being subjected to the so-called General Plan, according to which any Palestinian remaining in the north is considered a legitimate military target. “That is not war. These are crimes. They must be stopped. And they must be stopped now.”

    Mansour called on the Security Council to “fight back with the tools provided by the (UN) Charter and by the law to combat those who are obliterating the Charter and the law,” stressing, “It is time to act. Anything else is complicity and surrender.”

    In his remarks, Israel’s representative detailed recent attacks against his country. He said that although “101 human beings have been tormented by Hamas terrorists in their terror dungeons,” Security Council members barely mentioned the hostages or did so as an afterthought.

    He asserted that Israel and its humanitarian partners have “flooded” Gaza with humanitarian aid, and Hamas has “hijacked” aid and “weaponized” the humanitarian situation.

    MIL OSI China News –

  • MIL-OSI New Zealand: Raumati rebuild coming for State Highway 1

    Source: New Zealand Transport Agency

    The state highway summer maintenance season will be making its mark on the Kāpiti Coast next month.

    The Raumati Straights on State Highway 1, north of Mackays crossing, will undergo significant improvements from Sunday, 3 November, until early December.

    The work is funded from a $278 million investment in Wellington’s state highways in the 2024-27 National Land Transport Programme. $162 million will be invested in maintaining state highway assets, and another $116 million is ringfenced for state highway pothole prevention.

    Roxanne Hilliard, Wellington Transport Alliance Manager, says the Raumati Straights rebuild is critical, given this section of the highway carries over 20,000 vehicles daily.

    “The road is in poor condition and needs attention. We will rebuild two kilometres of the left northbound lane. This will make people’s journeys smoother and safer.”

    Ms Hilliard says a rebuild of this size and duration means some traffic delays are likely.

    “However, the investment we are making now will mean less maintenance and fewer repairs in the future.”

    Ms Hilliard says road crews will do their best to minimise disruption as much as possible.

    “This is why we are doing the work at night when traffic volumes are lower and will keep a single northbound lane open. Southbound lanes will be open as normal.”

    “During the day, both northbound lanes will be open but under a temporary speed limit. This protects the road work site, keeps drivers safe, and prevents vehicle damage. So, drivers must obey the speed limits and traffic management in place,” Ms Hilliard says.

    Works schedule and location:

    • Sunday, 3 November to Thursday, 6 December. Sunday to Thursday nights, 9 pm to 4:30 am (these works are weather-dependent, and schedules may change)
    • SH1 Raumati Straights between the Paekākāriki interchange and Raumati South
    • Northbound will be down to one lane at night under a temporary speed limit
    • During the day, both northbound lanes will be open under a temporary speed limit.
    • The southbound lanes will be open at all times
    • Traffic management will be set up from 8pm, so drivers may experience delays from then. Two lanes will be open again by 5.30am

    MIL OSI New Zealand News –