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  • MIL-OSI Australia: Interview with Nadia Mitsopoulos, Perth Mornings, ABC Radio

    Source: Australian Treasurer

    NADIA MITSOPOULOS:

    Well, we have spoken a lot about that fee you are charged when you use your debit card. Put simply, you hate it and it feels particularly unfair when you are forced to use that card by a business which is no longer taking cash. Well, the federal government is finally listening and it looks like it will get rid of these charges. How far will it go? When will this happen, if it does? Let’s get more from Stephen Jones, who is the Assistant Treasurer. Good morning and thank you for joining me.

    STEPHEN JONES:

    Nadia, good to be back with you.

    MITSOPOULOS:

    First of all, these fees, how much are they costing Australians every year?

    JONES:

    Look, industry sources say as much as $4 billion a year is being charged in one fee or another. All of that ends up with the consumer in one way or another. So, that’s a lot of money. We’re particularly concerned about debit card fees. That’s the one where you get charged a surcharge to access your own money to pay for a cup of coffee. Consumers are rightly had enough of it. As you said in your introduction, they feel like it’s harder and harder to get cash, harder and harder to use it, and then you’re getting whacked with a surcharge fee when you’re paying with a tap‑and‑go everywhere from a coffee shop to a restaurant to a hotel, and we’ve had a look at it, the practice has got to stop. Consumers are being ripped off. It’s time to end the rip‑off.

    MITSOPOULOS:

    Ok, I’ll talk more about ending the rip‑off in a moment. But who pockets it? Is it the bank, the business or the merchant?

    JONES:

    Really good question. The one we’re pretty certain it’s not is the small business. And if you look at the fees that are being charged small businesses, sometimes they’re being charged twice the fee that a large retailer like a Coles or a Woolworths would be charged to use those electronic payment methods. So, it’s definitely not the small business. They’re passing on a cost which is imposed on them by the bank, by the payment service providers and by the card provider. So, that’s your Visa cards, your Mastercards, your EFTPOS’. Then there’s the system that nobody knows about, which is the payments network, which transmits all the payments traffic around the country from bank to bank and from system to system. And the banks are in there as well. They’re at the front end of all of it. So, there’s at least 3 different players here, very opaque about the way the costs are charged. They all end up at a consumer. They look like a small charge, but they all add up and they punch a big hole in the wallet of the consumer in the takings of a small business.

    MITSOPOULOS:

    Do you agree that, well, first of all, these charges have been creeping up, but it’s more than the cost of doing that transaction. What consumers are being charged?

    JONES:

    Well, for the small business, they’re passing on, in most instances, some, but not all of the cost. Some small businesses say that they’ll just lose market share if they’re passing on the entire cost of using those charging mechanisms that they don’t. Many of them do if they’re able to. So, it’s not the cost of the small business. But if you’re asking me, are the banks or the card providers or the payment system providers making a healthy profit out of all of this, the answer is absolutely.

    MITSOPOULOS:

    Okay, so what’s your plan? What do you plan to do?

    JONES:

    We want to do this in a smart way. We want to ensure that whatever we do, particularly around banning of debit charge surcharges, debit card surcharges, we don’t just whack the small business. So, you stop the small business charging it, but they’re still copying that fee from the bank and the payment system providers. So, we’ve got to ensure that we get all ends of this sorted out so that we don’t save the consumer a dollar, but that just gets passed on in another way by the small business. So, we’ve got the Reserve Bank having a look at it using its powers over the next couple of months. They’ll hand us a report by the end of the year. We’ll look at the proposals in the first few months of next year. But we’re sending a very clear message to the market, to the operators, the banks, the card providers, the payment system providers, a very clear message to all of them – this has got to stop. And we are willing to impose a ban on it by the beginning of 2026 at the latest if these guys do not get their act together.

    MITSOPOULOS:

    And so you would then be banning the banks and the merchants from charging this fee because the concern is the small business could still be charged the fee and then can’t pass it on.

    JONES:

    Yeah, and you’ve got to the heart of it. That’s what we’re adamant we don’t want to do. We don’t want to create an elusive benefit for consumers, but the small business cops it in the neck. So, we’re not going to do that. We’ve got to ensure that we protect the position of the small business and the consumer. And somebody somewhere further up the chain, they’re going to have to review their pricing mechanisms. A lot of really opaque and tricky things have gone on over the last year or so in this area. Things like blended pricing, where they’re charging the same for a credit card transaction as they are for a debit card transaction when they’re completely different. So, a bunch of these things we’re going to get to the bottom of. But the thing that your listeners can be absolutely certain of, we’re going to protect the interests of small business. We’re going to protect the interests of consumers.

    MITSOPOULOS:

    Stephen Jones, the Assistant Treasurer, is my guest this morning. So, this will only apply if you go down this path, will only apply to debit cards, not credit cards.

    JONES:

    That’s where the biggest problem is, and they are very different transactions. As your listeners and all know, when you’re using a debit card, you’re accessing your own money to pay for something. It’s the modern form of cash.

    MITSOPOULOS:

    It’s the tap‑and‑go.

    JONES:

    It’s the tap‑and‑go, and it’s the modern form of cash, particularly for young people. Increasingly, young people won’t have a credit card, but they will have a debit card, or they might have some other form of buy now, pay later, but most of their transactions will go on a debit card for good reasons. They don’t want to rack up an interest bill. They also don’t want to rack up all the charges that they’re getting through these opaque surcharges. So, that’s why we’re focusing on this. It’s the biggest part of the big problem.

    MITSOPOULOS:

    Minister, why can’t you do this now? Why do you have to wait till 2026?

    JONES:

    Because we don’t want to do something that looks popular but actually ends up hitting small business in the neck. We want to ensure that we do this in a way that protects the interests of small business and gets the benefit for consumers. That’s why we’ve got to work through these things, and we’ll probably have to use a couple of different levers. Nothing is stopping the banks and the payment system providers getting ahead of the game by the way.

    MITSOPOULOS:

    And when we look at retail transactions, only about 12 per cent of those are now made using cash. Is using a card a cheaper way of doing business? I mean, again, we’re being charged for it, but is that cheaper than moving cash around?

    JONES:

    Certainly cheaper for the banks. It’s certainly cheaper for the big retailers and probably a lot of the smaller ones as well. If you think of it like – there’s always been a cost involved in using cash. It’s just not very transparent. When somebody’s got to go to the bank, get the money out to put the float in the till, somebody’s then got to add all of that up at the end of the day and take the bags of money back to the bank for safekeeping. There’s a cost involved in all of that and it’s just embedded in the price of the goods. The difference between the cost involved in money and the cost involved in electronic transactions is that they are very, very transparent from a consumer point of view because you can see them on your bill. We need to ensure that all of it’s transparent all the way upstream so that all the payment providers, the banks, the card providers are being very clear about what they’re charging and for what, and then we get a better deal for consumers.

    MITSOPOULOS:

    But a ban, are you certain that a ban is on the cards?

    JONES:

    Absolutely.

    MITSOPOULOS:

    You’ve just got to work out how to do it.

    JONES:

    Best way of doing it. That’s exactly right.

    MITSOPOULOS:

    When we look at bank profits, the feeling is they could probably absorb this charge. Do you agree?

    JONES:

    I agree that between the banks, the payment system providers, the card providers, all of these are participants in the scheme. It’s not always obvious to consumers. They just think it’s the bank. But there’s actually 3 or 4 different players in there and there is people in all up the stream who are clipping the ticket. The consumers are paying and it’s got to stop.

    MITSOPOULOS:

    I’ll leave it there. Appreciate your time. Thank you.

    JONES:

    Good to be with you.

    MIL OSI News –

  • MIL-OSI New Zealand: Arrest made following number of dishonesty offences

    Source: New Zealand Police (National News)

    Police have today arrested a 56-year-old woman in relation to a number of dishonesty-related offending targeting retailers in the Hamilton area.

    She appeared in the Hamilton District Court today, Tuesday 15 October facing 64 charges ranging from shoplifting and burglary to obtaining by deception, and has been remanded in custody until her next appearance tomorrow, Wednesday 16 October.

    Police acknowledge the strain this type of offending has on local businesses, and we appreciate the assistances of businesses providing footage to assist our enquiries.

    This behaviour will not be tolerated by Police, and we encourage retailers to continue to report suspicious activity.

    CCTV footage provided through Auror will be followed up by the team of Police dedicated to investigating and preventing offending against retailers.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI: Atos appoints Philippe Salle Chairman of the Board of Directors with effect from October 14, 2024 and Chairman and Chief Executive Officer from February 01, 2025

    Source: GlobeNewswire (MIL-OSI)

                                                                                                                                                                                                                                      Press release

    Atos appoints Philippe Salle Chairman of the Board of Directors with effect from October 14, 2024

    and Chairman and Chief Executive Officer from February 01, 2025

    Paris, France, 15 October 2024 – Atos today announces the appointment of Philippe Salle as Chairman of the Board of Directors of the Company with immediate effect and as Chairman and Chief Executive Officer with effect from February 01, 2025.

    In the context of the Group’s financial restructuring, the Nominations and Governance Committee chaired by Lead Independent Director Elizabeth Tinkham, conducted a rigorous selection process with the support of an internationally renowned recruitment firm and in consultation with selected Company creditors.

    At its meeting on October 14, 2024, the Board of Directors approved unanimously, on the recommendation of the Nominations and Governance Committee:

    • the co-optation of Philippe Salle as a Director, subject to ratification by shareholders at the next Annual General Meeting;
    • his appointment as Chairman of the Board of Directors with immediate effect; and
    • his appointment as Chairman and Chief Executive Officer with effect from 1st February 2025.

    With extensive experience as CEO, notably in listed companies, Philippe Salle will bring invaluable skills and insights to support the deployment of the business plan and the restructuring of the Group.

    Jean-Pierre Mustier will act as Chief Executive Officer of the Company until January 31, 2025, and remain a member of the Board of Directors, ensuring an orderly, constructive and effective transition. In particular, he will be responsible for monitoring and ensuring the proper implementation of the accelerated safeguard plan, which is essential for the Group.

    The Board meeting of October 14, 2024 also noted Philippe Salle’s intention to participate in the financial restructuring of the Company by investing a total amount of at least €9 million in the Company. This investment would take the form of a subscription to the right issue with preferential subscription rights, decided in the context of the accelerated safeguard plan, if the conditions for completion so permit, or subsequently directly on the market.

    Jean-Pierre Mustier, Chief Executive Officer of Atos, said: ” I am delighted to welcome Philippe Salle to the Board. Philippe Salle is a highly experienced executive whose qualities and expertise in leading blue-chip companies will be a crucial asset as Atos looks to the future. He has also an extensive track record in creating shareholders value. We will work closely together to ensure a smooth transition and the effective deployment of the Group’s business and restructuring plan, in the interests of all stakeholders.”

    Philippe Salle, Chairman of the Board of Directors of Atos, said: “It is with great enthusiasm and conviction that I join the Atos Group. I am aware of the challenges that lie ahead, but also of the Group’s strengths, from the quality of its services to the ongoing commitment of its employees, which will enable us, together, to open a new chapter in the Group’s history.”

    About Philippe Salle

    Philippe Salle began his career with Total in Indonesia in 1988. He then joined Accenture in 1990 where he was promoted to senior consultant. He joined McKinsey in 1995 and became senior manager in 1998. He joined the Vedior group in 1999 (now Randstad, a company listed on Euronext Amsterdam), and became Chairman and CEO of Vedior France in 2002. He became a member of the Executive Board in 2003 and was appointed Head of Southern Europe in 2006. In 2007, he joined the Geoservices group (sold to Schlumberger in 2010), a technology company in the oil sector and under LBO, first as Deputy CEO and then as Chairman and CEO. In June 2011, Philippe Salle was appointed Chairman and CEO of Altran Group (a company listed on Euronext Paris), an engineering consultancy and world leader in innovation. In April 2015, Philippe Salle was appointed Chairman and Chief Executive Officer of the Elior Group (a company listed on Euronext Paris), a world leader in catering and services. In December 2017, Philippe Salle was appointed Chief Executive Officer of Emeria (a company under LBO), the world’s leading provider of real estate services and technologies.

    Philippe Salle has also served as Chairman of the Board of Directors of Viridien (formerly CGG) since 26 April 2018, and as a member of the Board of Directors of Banque Transatlantique since 2010.

    Philippe Salle is a graduate of the Ecole des Mines de Paris and holds an MBA from the Kellogg Graduate School of Management, Northwestern University (Chicago, USA). He is a Chevalier de l’ordre national du Mérite, Chevalier de la Légion d’honneur and Commandeur de l’ordre du Mérite de la République italienne.

    ***

    About Atos

    Atos is an international leader in digital transformation with around 92,000 employees and annual revenues of €10 billion. The European leader in cloud computing, cybersecurity and supercomputing, the Group provides integrated solutions to all sectors, in 69 countries. A pioneer in decarbonisation services and products, Atos is committed to delivering secure, decarbonised digital solutions to its customers. Atos is an SE (Société Européenne) listed on Euronext Paris.

    Atos’ raison d’être is to help shape the information space. With its skills and services, the Group supports the development of knowledge, education and research in a multicultural approach and contributes to the development of scientific and technological excellence. Everywhere in the world, Atos enables its customers and employees, and more generally the greatest number of people, to live, work and progress sustainably and with complete confidence in the information space.

    Contacts

    Investor Relations: David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

    Individual shareholders: 0805 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    The MIL Network –

  • MIL-OSI: Sampo plc’s share buybacks 14 October 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 15 October 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 14 October 2024

    On 14 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      4,387 41.34 AQEU        
      35,540 41.34 CEUX
      883 41.36 TQEX
      49,980 41.34 XHEL
    TOTAL 90,790 41.34  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 8,591,383 Sampo A shares representing 1.56 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    The principal media
    FIN-FSA
    DEN-FSA
    http://www.sampo.com

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: Public alerted to fake websites

    Source: Hong Kong Information Services

    The Transport Department today alerted the public to fraudulent websites’ addresses which pretend to be HKeToll and seek to deceive users into making payments to obtain their credit card information.

    The two fraudulent websites’ addresses are “https://hketoll[.]shop/hk” and “https://hketollo[.]cc/hk”.

    Vehicle owners wishing to pay an outstanding toll online must log in to the HKeToll website or mobile app.

    While the case has been referred to Police for investigation, the department urges the public to stay alert when receiving unidentified messages.

    For enquiries about HKeToll, call 3853 7333.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Policy to boost cotton industry in Xinjiang

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

    The Ministry of Agriculture and Rural Affairs has pledged more support to help the Xinjiang Uygur autonomous region reclaim its vast areas of infertile land and expand its competitive edge in growing long-staple cotton — a crop that underpins a sprawling supply chain that stretches from textile production in Guangdong province to the fashion industry in Shanghai.

    Minister Han Jun had a meeting with regional government officials on Saturday, during which he announced that his administration would enhance policy measures to support Xinjiang in increasing its comprehensive crop production capacity, including for long-staple cotton, according to a media release on the ministry’s website.

    The support will be provided in areas such as treating saline-alkali land, promoting water-efficient irrigation technologies, and sponsoring the research, development and dissemination of homegrown cotton-picking machines.

    “Continued efforts will be made to promote the development of high-quality long-staple cotton,” the release quoted the minister as saying.

    Home to more than 90 percent of China’s annual cotton output, Xinjiang has remained the top provincial-level jurisdiction in terms of both cotton output and productivity for the past three decades.

    The use of machines in cotton harvesting in the region has also soared in recent decades to over 85 percent, with domestic branded machines emerging as the predominant choice in the industry, Xinhua News Agency has reported.

    As part of a national campaign to raise China’s crop output and self-sufficiency, Xinjiang launched a program earlier this year to boost cotton productivity through initiatives such as promoting higher-yielding varieties.

    Data published earlier this month by local authorities revealed significant progress.

    Output has surpassed 11.5 metric tons per hectare in an experimental field spanning approximately 7 hectares, with over 8.4 tons achieved in a demonstration zone covering about 670 hectares.

    These figures represent a substantial improvement compared to the mainstream cotton varieties planted across Xinjiang, which typically yield from 6 to 7.5 tons per hectare.

    More importantly, the increased yield had not affected the quality of the harvest, local authorities stressed.

    In some areas, including Kashgar, a major cotton-growing region, AI-powered breeding techniques have been deployed to develop cotton varieties endowed with traits such as drought tolerance and pest resistance.

    The next-generation varieties, coupled with smart farming management that has minimized the use of fertilizers and pesticides, have improved productivity to almost 8 tons per hectare at a local experimental field.

    The ministry’s announcement coincided with an increased effort to utilize otherwise infertile areas for crop production as China aims to expand planting areas and ensure self-sufficiency for key materials amid vulnerable global supply chains and more frequent extreme weather events.

    At a meeting in July last year, central authorities emphasized the need to tap the potential of saline-alkali land and increase overall agricultural production capacity.

    They called for better use of abandoned and nonconventional farmland, and more funding for related research. They also highlighted the significance of development model innovations in overcoming the natural constraints of farmland scarcity.

    Efforts to enhance the cotton industry in Xinjiang, once home to some of the nation’s most entrenched poverty, are also part of a national rural vitalization initiative.

    Erkin Tuniyaz, chairman of the region, said at the meeting that efforts will be made to vigorously increase the production of important agricultural products, including cotton, and strengthen the development of high-standard farmland that is more resilient to extreme weather.

    He said the government will spare no effort in promoting the prosperity and stable income growth of agricultural and pastoral areas, and make more contributions to ensure national food security and the supply of important agricultural products.

    With an aim to improve the added value of cotton production, Liang Yong, a national political adviser and director of Xinjiang’s cotton industry development leading group office, told China Daily that there is a need to further bolster the development of Xinjiang’s cotton-textile-apparel industry chain.

    “This entails facilitating more cotton-related manufacturing in Xinjiang relocated from the eastern regions, and driving forward the convergence of the cotton and petrochemical industries,” he said.

    MIL OSI China News –

  • MIL-OSI Submissions: Property transfer statistics update

    Source: Statistics New Zealand

    Property transfer statistics update – Stats NZ will stop producing quarterly property transfer statistics. Property transfer statistics: June 2024 quarter is the final release in the series. We have removed future editions from the release calendar.  

    At Stats NZ we are committed to delivering value efficiently and sustainably in our changing operating environment. We’ve recognised the need to do things differently and we are modernising and evolving the way we collect, process, and produce official data and statistics.  

    We are committed to working closely with our customers, partners and stakeholders to fully understand the opportunities and challenges, and we will retain the option of starting production of these statistics again if needed.  

    MIL OSI –

  • MIL-OSI New Zealand: WATER SAFETY – Key initiatives funded around the country to help reduce harm on the water – UPDATED

    Source: Maritime New Zealand

    Just under three quarters of a million dollars has been allocated to 29 programmes supporting safer boating up and down New Zealand. 
    Tragically, on average 18 people a year lose their lives in recreational craft incidents. This winter has been a stark reminder of the dangers on the water, with eight people losing their lives in four separate incidents since mid-July.
    Maritime NZ Director, Kirstie Hewlett says “getting out on the water is a key part of life in New Zealand, and the recreational craft sector want people to not only enjoy the water, but be well informed about the risks, understand what can go wrong, and to come home safe.”
    Approximately 1.7 million people in Aotearoa undertake activities on the water each year. Through the grant funding Maritime NZ looks to work with partners who can reach these recreational craft users, particularly high risk users, and deliver initiatives that can have a real impact on reducing harm on the water. A key requirement of the funding this year was that applicants could demonstrate how their initiatives delivered the outcomes in the Recreational Craft Strategy, developed by the Safer Boating Forum.
    “The recreational sector is broad, from stand up paddle boards to high powered motorboats. This funding goes to organisations right across the sector who have highly skilled and talented people that want to improve the knowledge of those who enjoy being out in the water,” she says.
    Funding will go to a range of different regional councils as well as national bodies. Some of the larger grants have gone towards supporting Coastguard.
    Among the initiatives that have secured funding are Coastguard’s Old4New lifejacket upgrade programme, as well as its bar crossing seminars; Waka Ama NZ, to build on the culture of water safety for waka ama; and Northland Regional Council’s Nobody’s Stronger Than Tangaroa campaign. Tasman District Council has received funding to appoint an Iwi Launch Warden in a remote region of Golden Bay, where there is an increased presence of recreational craft users in the holiday period.
    From spring through to Easter, many people in New Zealand enjoy the good weather out on the water. The team at Maritime NZ and its partners hope they will check out the programmes and initiatives on offer to improve their knowledge and safety skills on the water. 
    Successful recipients:
    Council / Organisation: Bay of Plenty Regional Council Programme: Kia marutau ki te wai Description: Continuation of Safer Boating Education to Maori and Pasifika to address harm and reduce fatalities by giving them access to boating education. Funding Approved: $15,000
    Council / Organisation: Bay of Plenty Regional Council Programme: Safety is our Wai Description: Continuation of on water and boat ramp education Funding Approved: $60,000
    Council / Organisation: Buller District Council Programme: Understand – Monitor – Inform Description: New Programme to deliver a West Coast regional wide safer boating education and interaction programme. Funding Approved: $7,356
    Council / Organisation: Canoe Racing New Zealand Programme: Try-Learn-Explore Description: A programme specifically focussed on safe paddling practises, and increasing knowledge and awareness of conditions. Funding Approved: $15,000
    Council / Organisation: Coastguard New Zealand Tautiaki Moana Aotearoa Programme: Old4New Lifejacket Upgrade Campaign Description: Continuation of the Old4New Lifejacket Upgrade campaign offering discounted lifejackets and PFD’s to those who upgrade their old or damaged lifejackets across NZ. Funding Approved: $80,000
    Council / Organisation: Coastguard NZ Programme: Ko Tangata Moana Description: Continuation of programme to provide education and skills to recreational craft users of Māori, Pasifika and Asian descent. Funding Approved: $90,000
    Council / Organisation: Environment Canterbury Programme: Canterbury Safe Boating Programme Description: Continuation of programme to educate safer boating on-water and at boat ramps. Funding Approved: $45,000
    Council / Organisation: Environment Southland Programme: Environment Southland Boating Safety Program Description: Continuation of existing programme to deliver consistent boating safety education to recreational boating operators on water and on boat ramps. Funding Approved: $15,000
    Council / Organisation: Gisborne District Council Programme: Tairāwhiti Haumaru Moana Description: Continuation of promoting safer boating throughout the region, particularly in more isolated and remote coastal communities in partnership with Māori Wardens. Funding Approved: $32,000
    Council / Organisation: Greater Wellington Regional Council Programme: Be Responsibility (for actions/for safety) Description: Continuation of nationally consistent safe boating messages with a strong education push and basic messaging. Funding Approved: $30,000
    Council / Organisation: Hawke’s Bay Regional Council Programme: Hawke’s Bay Safer Boating Programme Description: Continuation of education program of delivering Safer Boating Education to high risk communities. Funding Approved: $10,500
    Council / Organisation: Kiwi Association of Sea Kayakers (KASK) Programme: KayakSafe NZ Description: Continuation of delivery of key kayaking safety messages through a variety of channels. Funding Approved: $7,000
    Council / Organisation: Marlborough District Council Programme: Marlborough Boating Safety Workshop Description: Continuing of educating theory and practical boat safety to recreational craft users. Funding Approved: $15,000
    Council / Organisation: Nelson City Council Programme: Maritime Safety Internship Description: Continuation of increasing safety education and compliance for Nelson waters Funding Approved: $16,265
    Council / Organisation: Nelson City Council/Tasman District Council Programme: Sup Water Safety Course Description: Continuation of programme to educate SUP users on safety and help develop skills about informed decision making in dynamic environments. Funding Approved: $5,920
    Council / Organisation: New Zealand Stand Up Paddling Inc. (NZSUP) Programme: SUP SAFE Description: Continuation of campaign targeted at stand up paddle boarders to increase safety behaviours. Funding Approved: $16,600
    Council / Organisation: New Zealand Sport Fishing Council Inc. Programme: Coasters and Conversations – Introducing water safety to seasoned fishos and the next generation Description: New initiative that implements targeted messages that promote water safety. Funding Approved: $10,000
    Council / Organisation: New Zealand Underwater Association Programme: Fly the Flag Description: New initiative to enable boaties to access free boat dive flags & float flags. Funding Approved: $3,613
    Council / Organisation: Northland Regional Council Programme: Nobody’s stronger then Tangaroa Description: Continuation of engaging with remote communities with specific messaging and face to face engagement, and deliver lifejacket hubs. Funding Approved: $80,000
    Council / Organisation: Otago Regional Council Programme: Otago Recreational Safer Boating Campaign Description: New programme to expand community’s understanding of safety in Otago waterways. Funding Approved: $20,000
    Council / Organisation: Queenstown Lakes District Council Programme: QLDC Waterways Skipper Responsibility Campaign Description: Increased public messaging to promote skipper responsibility of waterways within region. Funding Approved: $7,000
    Council / Organisation: Surfing New Zealand Programme: Surfers Rescue 24/7 Description: New programme to encourage and develop water rescue techniques. Funding Approved: $12,500
    Council / Organisation: Tasman District Council Programme: Summer Student 2024/2025 Description: New programme to employ student to support safer boating messaging across the Tasman region. Funding Approved: $14,790
    Council / Organisation: Tasman District Council Programme: Iwi Launch Warden Description: New programme to appoint an Iwi Launch Warden in Golden Bay to increase safety awareness in remote area of the region. Funding Approved: $6,000
    Council / Organisation: Waikato Regional Council Programme: Operation Neptune Description: Continuation of on-water education engagement and enforcement while delivering safety messages Funding Approved: $40,000
    Council / Organisation: Waka Ama NZ Programme: Building a culture of water safety for Waka Ama NZ Description: Continuation of building a culture of water safety for Waka Ama NZ by CBE Waka Ama Safety Courses and Social Media campaigns. Funding Approved: $23,500
    Council / Organisation: Watersafe Auckland Inc.(Drowning Prevention Auckland) Programme: WaiWise for Safer Boating for Pacific Peoples, and Asian Communities Description: Continuation of programme to provide specific drowning prevention education for the three at-risk communities in Tāmaki Makaurau. Funding Approved: $19,482
    Council / Organisation: Watersafe Auckland Inc.(Drowning Prevention Auckland) Programme: Expansion of Lifejacket Hubs Description: Continuation to provide hubs where people can access lifejackets and support the establishment of further hubs. Funding Approved: $40,000
    Council / Organisation: Yachting New Zealand Programme: Yachting New Zealand Coastal Personal Safety Course Description: A new programme to deliver a coastal yacht personal safety course. Funding Approved: $5,500
    Total Funding Approved: $743,026

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Inquiries – Auditor General inquiry into Oranga Tamariki welcomed, but must go wider – PSA

    Source: PSA

    The Auditor General’s inquiry into Oranga Tamariki’s cuts to funding community services must go further with the axe hanging over social service providers funded by other government agencies.
    “The inquiry is welcome as this was a botched and heartless process which impacted critical support for children, flying in the face of the Government’s promise that its cuts would not hit the frontline,” said Melissa Woolley, Assistant Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
    “Oranga Tamariki was blind to the damage inflicted on tamariki, rangatahi and whānau from this rushed cut to contracts. In many cases there was no evidence to justify contracts being axed or funding being reduced.
    “Oranga Tamariki failed to communicate with providers, many of which had built up services over many years. There was little warning, and they had salt rubbed into their wounds by the Minister for Children, claiming many were abusing the funds, labelling Oranga Tamariki a ‘cash cow’ for them. They deserved better.”
    The sudden and deep cuts left many of those providing the services scrambling to make ends meet, resulting in job losses and the loss of critical support for many.
    “Many of our members including social workers now face losing their jobs, or hours being cut, and at a time of a cost-of-living crisis, many were already struggling to make ends meet.
    “These workers take pride in the difference they make to lives of the young every day. They care deeply about the children and whānau in their care. They too deserved better.
    “The Government’s drive to cut spending is impacting the whole funded sector – other community providers supporting various social services receive funding from agencies like the Ministry of Social Development and the Ministry of Health. We know many are facing cuts which we believe are poorly thought through just like Oranga Tamariki.
    “The PSA urges the Auditor General to expand the scope if his inquiry before more damage is inflicted on providers and their workers who are doing the mahi to improve the health and wellbeing of so many in our community.
    “The blame must ultimately be sheeted home to the Government which has embarked on this cost cutting campaign with little regard to the consequences,” said Melissa Woolley.
    Other recent PSA releases on this issue:
    The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

    MIL OSI New Zealand News –

  • MIL-OSI Banking: Human-centered Design Improves Transport in Ulaanbaatar’s Ger Areas

    Source: Asia Development Bank

    ADB used human-centered design for the Improving Transport Services in Ger Areas project. Prior to the start of the project, ADB conducted a detailed needs assessment, engaging residents in Ulaanbaatar’s ger areas to understand what improving transport meant for community members instead of defaulting to usual problem statements and solutions. The project conducted focus group discussions with residents including persons with disabilities, older people, school children, women and other community members. 

    The team then engaged closely with four community representatives—a person with disability, an elderly woman, a young girl, and a mother with three young children—to deeply understand their experiences through visual journey maps.  

    Using body cameras, the residents went through their daily travels to show pain points and issues they encountered along their journeys. The project addressed the identified challenges of accessibility and usability, personal safety and security, and road safety through system-wide interventions.  

    At the end of the project, the residents visually mapped their journeys again, but this time, they tried out the improved infrastructure and systems that they wanted addressed at the project’s start.  Ramps, low-floor buses, bus announcement speakers, better located stairs and crossings responded to accessibility issues. Bus driver training, security cameras, crime-prevention through environmental design, public communication on harassment, and feedback mechanisms responded to concerns about personal safety. Pedestrian crossings, lane demarcation, clear signage, footpaths, speed bumps, and better designed bus shelters with relevant information on routes, schedules and other transport information addressed road safety concerns.  

    The project was supported by the Municipality of Ulaanbaatar, the Public Transport Department, JFPR and EAPKF.

    Watch the other videos on the individual stories of the person with disability, mother with young children, young girl and an elderly woman, and how their inputs influenced the project’s technical design:

    Transcript

    Stories helped design this project. Partnerships built it.

    The project, Improving Transport Services in Ger Areas used human-centered design to understand user needs and design appropriate interventions.

    Byambadorj’s story filmed before the project started told us that designs cannot ignore those who travel differently.  

    The slope is very steep. 

    To go down, I have to go inch by inch, like this.

    I can only go up this steep ramp with someone else’s assistance.  

    Curb ramps should be done according to standards.

    For a person on a wheelchair, boarding a bus is a miracle.  

    It would be better if buses have ramps.

    Using Byambadorj’s story, discussions with other users, and technical review, we built new ramps in strategic places for safety and access.  

    The Public Transport Department ensured accessible low-floor buses with ramps would be used on the Chingeltei corridor to aid in mobility.

    Before the project started, Tserenbadam’s stories and stakeholder consultations emphasized that commuters deserve safer driving practices, accurate information, and a way to easily report incidents.

    Sometimes there is a long wait for the bus.

    Those with better legs would run to the bus stop.

    Bus drivers talk on the phone a lot while on the road.

    One bus is racing with another bus.

    They often race with each other to get more passengers.  

    From Tserenbadam’s stories and other user insights, we developed a customer feedback system for commuters to report issues.  

    Bus schedules and other information are visibly displayed in new bus stops.    

    Bus drivers were trained in safe driving and customer service. CCTV cameras inside buses monitor driver and passenger behavior for improved commuting experiences.

    Uzmee’s stories highlighted that infrastructure must accommodate the needs of vulnerable road users across seasons.

    There should be barriers on roadsides because children have high risk of running onto the road.

    We should analyze the frequently used exits and entrances, then put stairs where necessary.  

    A proper bus shelter would be a refuge from the cold for children.

    These stories, with road safety auditing and information from the traffic police, helped identify key areas to add speed bumps, pedestrian crossings, and stairs.

    We installed bus shelters for weather protection, comfort and information.  

    Infrastructure design removed blind spots, enforce security and prevent crime.    

    Throughout the project, we engaged with civil society and established a community council for sustainable change.  

    Infrastructure built.  

    Systems installed.  

    Enforcement in place.  

    Driver behavior improved.  

    Community mobilized.

    Stories helped design this project.

    Partnerships built it.  

    With ADB, JFPR and EAPKF support, the local government and community are taking ownership of people’s safe, and inclusive mobility. 

    MIL OSI Global Banks –

  • MIL-OSI Banking: Disasters Trigger More Displacements than Conflicts, Says New ADB-IDMC Report

    Source: Asia Development Bank

    MANILA, PHILIPPINES (15 October 2024) — Global disasters accounted for more displacements in 2023 than conflict and violence, and governments and multilateral development banks must invest more to prevent and manage these crises, according to a new report jointly authored by the Asian Development Bank (ADB) and the Internal Displacement Monitoring Centre (IDMC).

    The report found that last year, 26.4 million internal displacements—or forced movements within one’s country—were caused by disasters, compared to 20.5 million caused by conflict and violence.

    The report, Harnessing Development Financing for Solutions to Displacement in the Context of Disasters and Climate Change in Asia and the Pacific, found most of the disaster displacement recorded globally in the past 10 years occurred in Asia and the Pacific, with 177 million internal displacements reported during 2014−2023. ADB’s developing member countries (DMCs) accounted for 95% of that total—more than 168 million displacements. The report warns that the effects of climate change will likely increase the scale, duration, and severity of displaced persons globally.

    “Addressing displacement in the context of climate change and disasters is a significant challenge for the region,” said ADB Vice-President Fatima Yasmin. “However, we know what needs to be done and how to do it. Development and adaptation finance channeled through multilateral development banks, such as ADB, can support member countries in addressing the root causes of displacement through sector investments, technical assistance, and cofinancing.”

    “Disaster displacement can upend lives, cost countries billions of dollars, and set back development efforts by years, but it doesn’t have to be this way,” said IDMC Director Alexandra Bilak. “Investments in disaster risk reduction and climate adaptation plans can reduce the scale and negative impacts of displacement. The payoff could be huge.”

    The report outlines several ways development finance can be used to prevent and respond to displacement. Multilateral development banks can support and encourage displacement-inclusive policies and investments, better national data systems, and raise awareness for countries to include displacement in their development strategies.

    The report says governments also need to better reflect their priorities to reduce displacement through specific and concrete measures in the national development plans, adaptation and disaster risk reduction plans, and nationally determined contributions, and to better recognize the complexity of displacement occurring in the context of climate change.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Global Banks –

  • MIL-OSI Banking: ADB Invests $12.5 Million in Khan Bank’s Milestone Green Bonds, a First in Mongolia

    Source: Asia Development Bank

    ULAANBAATAR, MONGOLIA (15 October 2024) — The Asian Development Bank (ADB) has invested $12.5 million in a green bond issued by Khan Bank JSC under the first green thematic bond program on the Mongolian Stock Exchange. The proceeds from the three-year bonds will be used to provide green sub-loans, with a strong focus on supporting small and medium-sized enterprises (SMEs) and microenterprises, particularly those owned or managed by women.

    The European Bank for Reconstruction and Development (EBRD) has invested an equal amount in the Khan Bank bond, together ADB and the EBRD as strategic investors, fully subscribed to the entire United States dollar tranche. An additional $5 million tranche denominated in togrog was offered to local retail investors.

    “This landmark green bond offering deepens Mongolia’s green finance market while enabling inclusive investments to support small businesses, including those run by women, and improve the livelihoods of smallholder farmers,” said ADB’s Director General for the Private Sector Operations Department Suzanne Gaboury. “ADB is pleased to support Khan Bank in this milestone green bond issuance, which sets a precedent for future inclusive green financing in Mongolia.”

    In 2019, the Financial Stability Council of Mongolia approved a green taxonomy to help identify and classify investments based on their environmental sustainability. The banking sector has committed to achieving a green loan target of 10% by 2030. So far only a few banks are funding green investments, and their green loan book is nascent at only 3.2% of loans outstanding as of June 2024.

    “This placement of a United States dollar-denominated green bond in Mongolia highlights Khan Bank’s ability to attract new international funds in its capital market. This is through an innovative asset class while demonstrating the confidence that international investors have in Khan Bank,” said Khan Bank Chief Executive Officer Munkhtuya Rentsenbat. “This issuance aligns with our strategy to become the leading provider of green finance in the country while supporting our clients on their journey towards transition and adopting green and sustainable practices while contributing to the country’s climate goals.” 

    Khan Bank is Mongolia’s largest bank, serving over half a million borrowers, including low-income small and microenterprise, and self-employed farmholders and livestock herders. More than half of Khan Bank’s customers come from rural regions, and over half of SME borrowers are women

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Global Banks –

  • MIL-Evening Report: Banning debit card surcharges could save $500 million a year – if traders don’t claw back the money in other ways

    Source: The Conversation (Au and NZ) – By Angel Zhong, Associate Professor of Finance, RMIT University

    Galdric PS/Shutterstock

    In a move that could reshape how Australians pay for everyday purchases, the federal government is preparing to ban businesses from slapping surcharges on debit card transactions.

    This plan, pending a review by the Reserve Bank of Australia (RBA), promises to put money back into consumers’ pockets.

    The RBA, which is accepting submissions until December, released its first consultation paper on Tuesday to coincide with Prime Minister Anthony Albanese and Treasurer Jim Chalmers’ joint announcement.

    But as with any significant policy shift, it’s worth taking a closer look to see what it really means for all of us.

    How much are we really saving?

    Based on RBA data, the potential savings are huge – up to $500 million a year if surcharges on debit cards are banned.

    And if the government goes one step further and includes credit card transaction fees in the ban, those savings could hit a massive $1 billion annually.

    While these figures sound impressive, when you break it down, the savings per cardholder would amount to around $140 annually.

    It’s not a life-changing amount, but for frequent shoppers or anyone making larger purchases, it could add up.

    Of course, not everyone will benefit equally. Those who shop less might not notice the difference.

    How does Australia stack up globally?

    RBA data shows Australians are paying more in merchant service fees than people in Europe, but less than consumers in the United States.

    These fees are what businesses pay to accept card payments, and they get passed on to us in the form of surcharges.

    The proposed ban on debit card surcharges occupies a middle ground in the global regulatory landscape. The European Union, United Kingdom and Malaysia have implemented comprehensive bans on surcharges for most debit and credit card transactions.

    But in the US and Canada, businesses can still charge you for using a credit card, though debit card surcharges aren’t allowed.

    The merchant’s perspective

    While the surcharge ban seems like a clear win for consumers, it’s essential to consider the impact on merchants, especially small businesses. The reality is not all merchants are created equal when it comes to card payment fees.

    In Australia, there’s a significant disparity between the fees paid by large and small merchants. In fact, RBA data shows small businesses pay fees about three times higher than what larger businesses pay.

    It all comes down to bargaining power. Bigger businesses can negotiate better deals on fees. This difference is primarily driven by the ability of larger merchants to thrash out favourable wholesale fees for processing card transactions.

    For small businesses, the cost of accepting cards can range from under 1% to more than 2% of the transaction value, which can eat into profits, especially for those working with tight margins.

    While the ban may sound like good news for consumers, there’s still a need to fix the bigger issues in the payment system. Innovations like “least-cost routing”, which allows businesses to process transactions at the lowest possible cost, could potentially help level the playing field.

    How businesses might exploit the loopholes?

    If payment costs are entirely passed on to merchants, they might find ways to recover those expenses through other means. We’ve seen this happen in other countries that abolished surcharges. Some potential strategies include

    • slightly raising overall prices to cover lost surcharge revenue
    • implementing or increasing minimum purchase requirements for card payments
    • introducing new “service” or “convenience” fees for all transactions, or increasing weekend and holiday surcharges.

    Most of these tactics have been around for a while. The challenge for regulators will be to monitor and address any new practices that emerge in response to the new rules.

    Credit cards: the elephant in the room

    While the ban on debit card surcharges is a step in the right direction, it raises an obvious question: why not extend it to credit cards?

    The option to ban credit card surcharges along with debit cards is proposed in the RBA’s review consultation paper. The answer lies in the complex web of interchange fees and merchant costs associated with credit card transactions.

    Credit card transactions cost merchants more to process because of additional services and rewards programs offered by credit card issuers.

    Banning surcharges on these could potentially lead to merchants increasing their base prices to cover these costs. This could effectively result in users of lower-cost payment methods subsidising those opting for premium cards.

    The absence of surcharges could also reduce the competitive pressure on card networks to keep their fees in check, potentially leading to higher costs in the long run.

    Some countries have managed to ban surcharges on credit cards, but they usually have stricter regulations around interchange fees than we do in Australia.

    As policymakers grapple with this complex issue, they must weigh the benefits of consumer simplicity against the risk of distorting market signals and potentially increasing costs for both merchants and consumers alike.

    Angel Zhong 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. Banning debit card surcharges could save $500 million a year – if traders don’t claw back the money in other ways – https://theconversation.com/banning-debit-card-surcharges-could-save-500-million-a-year-if-traders-dont-claw-back-the-money-in-other-ways-241354

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: ING completes share buyback programme

    Source: GlobeNewswire (MIL-OSI)

    ING completes share buyback programme

    ING announced today that it has completed the share buyback programme which was announced on 2 May 2024. The total number of ordinary shares repurchased under the programme is 155,990,753 at an average price of €15.94 for a total consideration of €2,486,329,696.95.

    During the last week of the programme, from 7 October 2024 up to and including 11 October 2024, 11,348,429 shares were purchased. These shares were repurchased at an average price of €15.78 for a total amount of €179,022,796.36.

    As previously announced, we will give an update on our capital planning with the presentation of our third quarter 2024 results, which is scheduled for 31 October 2024.

    For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at https://www.ing.com/Investor-relations/Share-information/Share-buyback-programme.htm .

    Note for editors

    For more on ING, please visit http://www.ing.com. Frequent news updates can be found in the Newsroom or via X @ING_news feed. Photos of ING operations, buildings and its executives are available for download at Flickr.

    ING PROFILE
    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. ING’s sustainability efforts have been recognised externally by environmental, social and governance (ESG) rating agencies and other benchmarks. In 2023, Sustainalytics assessed our management of ESG material risk as ‘strong’. In August 2024, ING’s ESG rating by MSCI was reconfirmed as ‘AA’. ING’s shares are included in the sustainability indices of Euronext, STOXX, FTSE Russell and Morningstar. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. Follow our progress on ing.com/climate.

    Important legal information

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non-compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change and ESG-related matters, including data gathering and reporting (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on http://www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    The MIL Network –

  • MIL-OSI: Šiaulių Bankas has successfully placed EUR 50 million note issue on the international market

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER, INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF AKCINĖ BENDROVĖ ŠIAULIŲ BANKAS.

    Šiaulių Bankas has successfully placed EUR 50 million issue of Fixed Rate Reset Perpetual Additional Tier 1 Temporary Write Down Notes.

    The annual fixed rate coupon on the notes up to the reset date will be 8.75 %. The nearest reset date is set after 5 years. Settlement will take place on 17 October 2024. It is intended to list the notes on the Global Exchange Market multilateral trading facility operated by Euronext Dublin.

    The notes have been allocated to almost 20 institutional and professional investors, mostly from UK.

    “We have made another significant step for both the bank and the Lithuanian capital market being the first issuer in the country to issue AT1 notes. We are grateful to our international investors, who consistently show confidence in the bank’s prospects.

    This issue strengthens and optimises capital structure of the bank, allowing us to continue to grow rapidly and sustainably and to implement our new dividend policy. We strive to ensure high returns for shareholders and to increase the bank’s attractiveness to investors,” says Tomas Varenbergas, Board Member, Head of Investment Management Division of Šiaulių Bankas.

    The proceeds of the notes will be used for general corporate purposes, including to strengthen funding structure of Šiaulių Bankas, meet existing and future minimum own funds and eligible liabilities (MREL) targets, and improve its capital position.

    The notes are rated Ba3 by the international rating agency Moody’s.

    Relevant stabilisation regulations including FCA/ICMA will apply.

    Šiaulių Bankas mandated Goldman Sachs Bank Europe SE as Lead Manager.

    Šiaulių Bankas as the issuer was advised on legal matters by Dentons UK and Middle East LLP and TGS Baltic as lead issuer’s legal counsel. The Lead Manager was advised by Linklaters LLP and Sorainen on legal issues.

    This communication is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

    Additional information:

    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Maria Niiniharju appointed as VP Private Business and member of management team

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc: Maria Niiniharju appointed as VP Private Business and member of management team

    Siili Solutions Plc Stock exchange release 15 October 2024 at 8:45 EEST

    Siili Solutions Plc (“Siili” or “company”) makes changes in its management team and has appointed Maria Niiniharju as Siili’s VP, Private Business and member of Siili’s management team as of 1 November 2024.

    Prior to her new role at Siili, Niinharju has worked at Futurice, where she has been responsible for new business development and client management for private sector clients. At Siili Niiniharju will be leading the company’s Private Business, that will include Siili’s Finance, Industry and Services business units. Her expertise will strengthen Siili’s position as an expert in leveraging AI among private sector clients.

    “I am happy to welcome Maria to Siili. She brings us strong experience in business development as well as valuable data and AI expertise, which is perfect fit to accelerate Siili’s strategy execution,” says Siili’s CEO Tomi Pienimäki.

    “I am excited about my new role at Siili. I look forward to starting the work to implement the renewed strategy together with the business unit teams. Siili’s strong industry focus and deep customer relationships create an excellent basis for building genuine impact with data and AI,” says Maria Niiniharju.

    Further information:
    CEO Tomi Pienimäki
    Phone: +358 40 834 1399, email: tomi.pienimaki(at)siili.com 

    Distribution:
    Nasdaq Helsinki Oy
    Major media
    http://www.siili.com

    Siili Solutions in brief:
    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. http://www.siili.com/en

    The MIL Network –

  • MIL-OSI Asia-Pac: Lands Department extends coverage of 3D Digital Maps

    Source: Hong Kong Government special administrative region

    Lands Department extends coverage of 3D Digital Maps
    Lands Department extends coverage of 3D Digital Maps
    ****************************************************

         The Lands Department (LandsD) today (October 15) launched a 3D Visualisation Map of Kowloon West and New Territories Northwest, and a 3D Indoor Map of Kowloon West.           The 3D Visualisation Map of Kowloon West and New Territories Northwest covers around 63 600 buildings and about 770 infrastructure facilities, including flyovers, footbridges and subways. The 3D Indoor Map of Kowloon West covers around 70 buildings, including government and private buildings and community facilities, and provides information on floors, units and points-of-interest for promoting innovative indoor data applications, such as location-based services, tourism and indoor navigation.           Moreover, the coverage of the “Streetscape 360” function of the 3D Visualisation Map, which offers 360-degree street-level panoramic images, has been extended from Kowloon East and Kowloon Central to Kowloon West, Lantau and New Territories Northwest.           The datasets of the abovementioned 3D Digital Maps, relevant Application Programming Interface and sample codes are available on the Common Spatial Data Infrastructure Portal (portal.csdi.gov.hk) and the online application platform “Open3Dhk” (3d.map.gov.hk) for free download by the public to facilitate the development of web services and smart applications by the innovation and technology sector and academia.           To promote smart city development, the LandsD will continue to develop and release 3D Digital Maps for other districts.

     
    Ends/Tuesday, October 15, 2024Issued at HKT 14:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI NGOs: Yemen: UN and NGOs renew their call for the immediate release of detained personnel

    Source: Oxfam –

    Principals of Affected United Nations entities and International Non-Governmental Organizations renew their call for the immediate release of detained personnel

    Saturday, 12 October 2024 – We are extremely concerned about the reported referral to “criminal prosecution” by the Houthi de facto authorities of a significant number of arbitrarily detained colleagues, including three United Nations personnel—two from UNESCO and one from the UN Human Rights Office (OHCHR)—who were detained in 2021 and 2023.

    At a time when we were hoping for the release of our colleagues, we are deeply distressed by this reported development. The potential laying of “charges” against our colleagues is unacceptable and further compounds the lengthy incommunicado detention they have already endured.

    Such a decision further raises serious concerns about the safety and security of our staff and their families, and will further impede our ability to reach millions of Yemenis who need humanitarian aid and protection, with detrimental consequences for their well-being and status.

    We, the Principals of the affected United Nations entities and International Non-Governmental Organizations (NGOs), renew our urgent call for the immediate and unconditional release of all personnel from UN entities, international and national non-governmental organizations, civil society organizations, and diplomatic missions arbitrarily detained in Yemen by the de facto authorities.

    The targeting of humanitarians in Yemen—including arbitrary detention, intimidation, mistreatment, and false allegations—must stop, and all those detained must be released immediately.

    The United Nations, INGOs, and partners are working through all possible channels and with multiple governments to secure the immediate release of those detained.

    Signed by:

    • Achim Steiner, Administrator, United Nations Development Programme, UNDP
    • Amitabh Behar, Executive Director, OXFAM International
    • Audrey Azoulay, Director-General, UNESCO
    • Catherine Russell, Executive Director, UNICEF
    • Cindy McCain, Executive Director, WFP
    • Dr Tedros Adhanom Ghebreyesus, WHO Director-General
    • Hans Grundberg, Special Envoy of the UN Secretary-General for Yemen
    • Inger Ashing, Chief Executive Officer, Save the Children International
    • Reintje van Haeringen, CEO, CARE Nederland and Executive Committee Chair, CARE International
    • Volker Türk, High Commissioner for Human Rights

    MIL OSI NGO –

  • MIL-OSI Security: Myrtle Beach Man Sentenced to Federal Prison for Unlawful Possession of a Firearm

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

    FLORENCE, S.C. — Joshua Levon West, 39, of Myrtle Beach was sentenced to nearly three years in federal prison after pleading guilty to being a felon in possession of a firearm.

    Evidence presented to the court showed that on March 9, 2023, following a traffic stop, officers with the Myrtle Beach Police Department discovered West in possession of a loaded, stolen firearm.  West is prohibited from possessing a firearm based on his prior convictions for armed robbery, strong arm robbery, attempted strong arm robbery, and possession of a weapon during commission of a violent crime.  

    United States District Judge Joseph Dawson, III sentenced West to 30 months imprisonment, to be followed by a three-year term of court-ordered supervision.  There is no parole in the federal system.

    This case was prosecuted as part of the joint federal, state, and local Project Safe Neighborhoods (PSN) Program, the centerpiece of the Department of Justice’s violent crime reduction efforts.  PSN is an evidence-based program proven to be effective at reducing violent crime. Through PSN, a broad spectrum of stakeholders work together to identify the most pressing violent crime problems in the community and develop comprehensive solutions to address them. As part of this strategy, PSN focuses enforcement efforts on the most violent offenders and partners with locally based prevention and reentry programs for lasting reductions in crime.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and the Myrtle Beach Police Department. Assistant U.S. Attorney Lauren Hummel is prosecuting the case.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Repeat Felon Sentenced to Over Seven Years in Prison for Possession of Firearm

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

    MINNEAPOLIS – An Oakdale man has been sentenced to 90 months in prison followed by three years of supervised release for illegally possessing a firearm as a felon, announced United States Attorney Andrew M. Luger.

    According to court documents, on February 13, 2023, an officer from the New Hope Police Department initiated a traffic stop after observing a maroon Chevy Suburban commit several traffic violations. The officer noticed the smell of marijuana as he approached the vehicle and saw drug paraphernalia in the center console. Officers subsequently searched the vehicle and found a Glock model 17 GEN5 9mm caliber pistol equipped with a switch and a large capacity magazine hidden in a compartment underneath the cupholders. They also found a second large capacity magazine and additional ammunition on the driver’s side of the vehicle. DNA from the firearm’s textured grip and slide serrations matched the driver, Detroit Davis-Riley, 35. It was also later discovered that the firearm had previously been reported as stolen.

    Because Davis-Riley has multiple prior felony convictions in Hennepin County, he is prohibited under federal law from possessing firearms or ammunition at any time.

    On March 14, 2024, Davis-Riley pleaded guilty to one count of possession of a firearm as a felon. He was sentenced on October 9, 2024, in U.S. District Court by Judge Michael J. Davis.

    This case was the result of an investigation conducted by the New Hope Police Department, Crystal Police Department, Hennepin County Sheriff’s Office, the Minnesota Bureau of Criminal Apprehension, and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

    Assistant U.S. Attorney Mary S. Riverso prosecuted the case.

    MIL Security OSI –

  • MIL-OSI China: Extensive renewable energy collaboration foreseen

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

    China and Africa are poised for extensive collaboration in the realm of renewable energy, as the continent’s abundant resources align with China’s advanced expertise in wind and solar power technologies, said experts recently.

    This partnership not only guarantees energy security but also propels Africa toward green, low-carbon practices and sustainable development, yielding a host of mutually beneficial outcomes, they said.

    Currently, the African economy is undergoing sustained growth with a continuous rise in energy demand. According to the Continental Power System Masterplan currently being developed by the African Union Development Agency, Africa’s electricity consumption may reach 3,842 terawatt-hours by 2040.

    The International Renewable Energy Agency predicts that by 2030, nearly a quarter of Africa’s energy demand can be met by new energy sources.

    While Chinese companies have implemented hundreds of renewable energy projects in Africa, aiding African nations in mitigating energy shortages and achieving sustainable development, experts said that the localization of technology and production, as well as green finance and talent development can further deepen and broaden China-Africa renewable energy cooperation.

    Lu Junling, chief economist at China’s National Energy Administration, said that energy cooperation between China and Africa aligns with the mutual interests of both parties, offering a solid foundation and promising prospects. He advocated for enhanced practical cooperation facilitation for future China-Africa energy projects, emphasizing the importance of exchanging energy project information, creating collaboration opportunities and maximizing the role of energy think tanks to realize more cooperative outcomes.

    “Now is an opportune moment for clean energy collaboration between China and Africa. Further efforts are needed to advance the cooperation mechanisms between the two regions, help with planning research and policy alignment, foster deeper technological innovation cooperation, and explore tailored green projects that benefit communities,” said Li Sheng, head of the China Renewable Energy Engineering Institute.

    A recent report on China-Africa renewable energy cooperation, jointly prepared by the CREEI and the New Partnership for Africa’s Development, an economic program of the African Union, underscores Africa’s significant potential in renewable energy development, while highlighting the need for improvements in production and consumption levels. In 2022, renewable energy accounted for a modest 9.67 percent of its total energy consumption.

    Regarding production, Africa’s total installed power generation capacity reached 252.8 gigawatts in 2023, with fossil fuels remaining the primary electricity source, constituting about three-quarters of total installed capacity. Among renewable energy sources, hydropower (excluding pumped storage) had an installed capacity of 37.1 GW, representing 3 percent of global hydropower capacity, while wind and solar power capacities were 8.7 GW and 13.5 GW, respectively, each accounting for less than 1 percent globally.

    However, over the past five years, Africa’s total installed capacity of renewable energy, excluding pumped storage, has grown by 23.2 percent, a substantial 16.8 percentage points higher than the growth rate of fossil fuel power generation capacity (6.4 percent) during the same period.

    MIL OSI China News –

  • MIL-OSI China: China, Vietnam agree to manage maritime differences through talks

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

    HANOI, Oct. 14 — China and Vietnam conducted an in-depth and candid exchange of views on maritime issues, stressing the need to better manage and actively resolve maritime differences and maintain peace and stability in the South China Sea and the region, said a joint statement on Monday.

    The two sides agreed to properly manage differences through friendly consultation, actively seek a basic and long-term resolution which is mutually acceptable and conforms to the agreement on the basic principles guiding the settlement of sea-related matters between China and Vietnam as well as international law including the United Nations Convention on the Law of the Sea (UNCLOS), said the statement.

    They agreed to refrain from actions that could complicate the situation or escalate disputes to jointly safeguard maritime stability.

    The two sides also agreed to continue the comprehensive and effective implementation of the Declaration on the Conduct of Parties in the South China Sea, and to conclude a substantive and effective Code of Conduct in the South China Sea that is consistent with international law, including UNCLOS, at an early date based on consensus through consultation.

    MIL OSI China News –

  • MIL-OSI New Zealand: Road closed following vehicle fire, State Highway 16, Whenuapai

    Source: New Zealand Police (District News)

    Motorists are advised to expect delays travelling westbound on State Highway 16 in the Whenuapai area, following an incident this evening.

    Emergency services attended after receiving a report at 6.50pm of a vehicle on fire on the road. The fire has been extinguished and no injuries are reported.

    The westbound lane is closed and traffic management is in place, thankyou for your patience while the vehicle is towed and the roadway is cleared.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI China: Autumn view of Ejina Banner of Alxa League, N China’s Inner Mongolia

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

    Autumn view of Ejina Banner of Alxa League, N China’s Inner Mongolia

    Updated: October 15, 2024 14:16 Xinhua
    Tourists visit the Strange Forest scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    Tourists visit the Strange Forest scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    A tourist takes photos of a bird at the Juyanhai scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    An aerial drone photo shows tourists taking a boat for sightseeing at the Juyanhai scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    An aerial drone photo shows birds flying over the Juyanhai scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    Tourists visit the Strange Forest scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    Tourists visit the Strange Forest scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    An aerial drone photo shows tourists taking a boat for sightseeing at the Juyanhai scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]
    An aerial drone photo shows tourists visiting the Strange Forest scenic spot in Ejina Banner of Alxa League, north China’s Inner Mongolia Autonomous Region, Oct. 14, 2024. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: ​SpongeBob makes hilarious return to Chinese movie screens

    Source: China State Council Information Office 3

    The new animated movie “Saving Bikini Bottom: The Sandy Cheeks Movie” will be released in Chinese theaters on Oct. 18, marking the return of the beloved SpongeBob and his friends to the big screen in China after nine years.

    A poster for “Saving Bikini Bottom: The Sandy Cheeks Movie.” [Image courtesy of Shanghai Huahua Culture Media Co., Ltd.]

    Directed by Liza Johnson and featuring familiar voice actors Tom Kenny, Carolyn Lawrence and Bill Fagerbakke, the film tells the story of when Bikini Bottom is suddenly scooped out of the ocean and held hostage in a Texas laboratory. Sandy Cheeks and SpongeBob journey to Sandy’s home state of Texas, where they meet her family and must save Bikini Bottom from an evil CEO who plans to transform the inhabitants into a mass-manufactured line of cuddly toys.

    The fun-filled “Saving Bikini Bottom: The Sandy Cheeks Movie,” which focuses on the character Sandy Cheeks, is the first in a series of spinoffs and the fourth film in the franchise. This hilarious hybrid project combines CG animation with live-action footage, rendering the characters in 3D, simulating real-world textures and shadows.

    The release of “Saving Bikini Bottom: The Sandy Cheeks Movie” coincides with the 25th anniversary of the “SpongeBob SquarePants” TV show, which debuted on Nickelodeon in 1999 and is based on the creation of former marine biologist and animator Stephen Hillenburg. It also marks the 20 years since the release of “The SpongeBob SquarePants Movie” (2004), the first film in the series. However, this is the first SpongeBob movie to not receive a theatrical release; instead, it was shown on various streaming platforms around the world such as Netflix, until China decided to release it in theaters.

    The China premiere of “Saving Bikini Bottom: The Sandy Cheeks Movie” was met with cheers from small children, their parents and grandparents at a theater in Beijing on Oct. 13. Two actors dressed in SpongeBob and Patrick costumes also came out to greet the audience. An ensuing Q&A session was highlighted by excited and nostalgic speeches from several audience members.

    Patrick and SpongeBob performers pose with the audience at the China premiere of “Saving Bikini Bottom: The Sandy Cheeks Movie,” Oct. 13, 2024. [Image courtesy of Shanghai Huahua Culture Media Co., Ltd.]

    The previous installment, “The SpongeBob Movie: Sponge Out of Water,” which was screened in China in 2015, was considered a hit among movies targeting young children, grossing a total of 56.67 million yuan across the country.

    MIL OSI China News –

  • MIL-OSI China: China releases space science development program for 2024-2050

    Source: China State Council Information Office 2

    China unveiled a national mid and long-term development program for space science on Tuesday, which will guide the country’s planning of space science missions and space research from 2024 to 2050.
    The program, the first of its kind at the national level, was jointly released by the Chinese Academy of Sciences (CAS), the China National Space Administration and the China Manned Space Agency at a press conference held by the State Council Information Office.
    The program outlines the development goals of China’s space science, including 17 priority areas under five key scientific themes, as well as a three-phase roadmap.
    The five key scientific themes include the extreme universe, space-time ripples, panoramic view of Sun-Earth, habitable planets, and biological and physical sciences in space, Ding Chibiao, vice president of the CAS, said at the press conference.
    The theme of extreme universe focuses on exploring the origin and evolution of the universe, revealing the physical laws under extreme cosmic conditions. The priority areas range from dark matter and extreme universe to the universe’s origin and evolution, as well as the detection of cosmic baryonic matter, according to the program.
    The theme of space-time ripples centers on detecting medium to low-frequency gravitational waves and primordial gravitational waves, with the goal of uncovering the nature of gravity and space-time. The priority area within this theme is space-based gravitational wave detection, Ding said.
    The Sun-Earth panoramic view theme involves the exploration of the sun, the Earth, and the heliosphere to unravel the physical processes and laws governing the complex interactions within the Sun-Earth system. Priority areas include Earth’s cycle systems, comprehensive observations of the Earth-Moon, space weather observation, three-dimensional solar exploration, and heliosphere exploration, according to the program.
    Scientists will also explore the habitability of celestial bodies in the solar system and exoplanets, as well as search for extraterrestrial life. Key areas in the subject cover sustainable development, the origin and evolution of the solar system, characterization of planetary atmospheres, the search for extraterrestrial life, and exoplanet detection.
    The theme of biological and physical sciences in space seeks to reveal the laws of matter movement and life activities under space conditions to deepen the understanding of fundamental physics, such as quantum mechanics and general relativity. Priority areas encompass microgravity science, quantum mechanics and general relativity, and space life sciences, Ding added.
    The program also outlines a roadmap for the development of space science in China through 2050.
    In the first phase, leading up to 2027, China will focus on the space station operation, implementing the manned lunar exploration project, and the fourth phase of its lunar exploration program as well as the planetary exploration project. Five to eight space science satellite missions will be approved during the period, according to the program.
    The international lunar research station initiated by China will be constructed during the second phase from 2028 to 2035, and approximately 15 scientific satellite missions will be carried out during this period.
    In the third phase from 2036 to 2050, China will launch over 30 space science missions. 

    MIL OSI China News –

  • MIL-OSI China: Global sci-tech experts to address sustainability at annual forum

    Source: China State Council Information Office 2

    The sixth World Science and Technology Development Forum will be held in Beijing from Oct. 22 to 24, the organizer announced Thursday.
    This year’s session, themed “Science and Technology for the Future,” will focus on six key ideas: intelligence, interdisciplinary, infrastructures, innovation, interaction, and integration.
    Since its initiation in 2019 by the China Association for Science and Technology, the annual forum has addressed various sustainability challenges. Previous sessions have covered topics ranging from food security to disaster prevention.
    At the inaugural session, Vania G. Zuin Zeidler, professor of green chemistry and sustainable chemistry at the Federal University of São Carlos in Brazil and visiting professor at the Green Chemistry Center of Excellence at the University of York, U.K., said about 1.3 billion tons of food is wasted annually. She discussed how the farm-to-table model can prevent food waste and how São Paulo produces healthy food through sustainable agricultural systems.
    At a previous subforum on food security during the fourth session, Deng Xingwang, a member of the U.S. National Academy of Sciences and dean of the School of Advanced Agricultural Sciences of Peking University, discussed the advantages of third-generation hybrid rice breeding technology. He emphasized that this internationally leading technology is cost-effective and safe, making it easier to apply. It has already been successfully validated and commercialized in China.
    At a subforum on carbon reduction during the fourth session, Lei Xianzhang, a member of the German National Academy of Science and Engineering, introduced electric-hydrogen coupling technology. This technology supports carbon peaking and neutrality by enabling efficient conversion between hydrogen and electricity, using clean energy sources like wind, solar and hydropower to produce hydrogen or hydrogen-based energy. 
    At the NexTus SDGs Youth Innovators’ Assembly during the fourth session, Yan Luhui, founder of Carbonstop, introduced a carbon management SaaS platform. Yan explained how big data and artificial intelligence can visualize carbon, analyze data and help companies improve carbon reduction efficiency.
    At a subforum on disaster prevention and mitigation at the fourth session, Ge Yonggang, director of the Science and Technology Division at the Institute of Mountain Hazards and Environment of the Chinese Academy of Sciences, detailed how Sichuan province combines weather monitoring with tracking mountain floods and debris flows. This innovative approach aims to create a more precise early warning system. The research, currently focused on Liangshan, is set to expand to Chengdu and Mianyang.
    Cui Peng, an academician of the Chinese Academy of Sciences, described a new platform for predicting mountain disasters. He explained how the platform includes a risk baseline database, physical parameter library and risk analysis system. With these tools, the platform can forecast mountain disasters every hour in real-time, pinpoint specific disaster locations and their features, and provide precise early warnings. Cui also suggested combining disaster management with efforts to restore nature and develop eco-friendly industries.
    The U.N. General Assembly adopted a resolution in August 2023 declaring 2024-2033 the “International Decade of Sciences for Sustainable Development.” The upcoming forum will be held during the first year of this decade. 
    The organizer said the event will continue to gather global expertise to promote high-quality development and enhance international scientific and cultural exchanges.

    MIL OSI China News –

  • MIL-OSI Europe: Press release – EU aid worth €2.7 million to support 365 dismissed retail workers in Belgium

    Source: European Parliament 3

    365 employees of the retail chain Match-Smatch who lost their jobs following store closures and layoffs should receive €2.7 million in EU aid.

    On Monday, the Committee on Budgets approved Belgium’s request for €2.7 million in EU aid through the European Globalisation Adjustment Fund for Displaced Workers (EGF). The aid will support 365 former Match-Smatch employees, who lost their jobs following the company’s prolonged financial difficulties that lead to store closures and restructuring across Belgium, primarily in the Walloon region. MEPs noted that almost half of the Match-Smatch redundant workers (46 %) are aged fifty or older, an age group that faces more barriers to employment.

    In 2022, Match-Smatch attempted to achieve financial stability by divesting two-thirds of its stores. However, unsold stores and the company’s head office were forced to lay off workers. Consequently, Belgium applied for EGF support on behalf of the affected Walloon workers. The funding will provide vocational, digital, and language skills training, as well as advisory services and job search assistance. Additionally, former Match-Smatch employees interested in starting their own businesses will receive start-up guidance and grants of up to €15,000.

    The total estimated cost of these support measures is €3.1 million, with 85% (€2.7 million) funded by the EGF and the remaining 15% (€469,688) covered by the Walloon regional authorities.


    Next steps

    The draft report by rapporteur Michalis Hadjipantela (EPP, Cyprus) recommending that Parliament approve the aid was approved by 28 votes, 3 against and 1 abstention. Approval by plenary is expected during the upcoming 21-24 October plenary session in Strasbourg.


    Background

    Under the EGF regulation 2021-2027, the Fund supports displaced workers and self-employed people who have lost their activity due to unexpected major restructuring events. Since 2007, the EGF has allocated €696 million in 180 cases, providing help to more than 169,000 people in 20 Member States. EGF-supported measures complement national active labour market measures.

    MIL OSI Europe News –

  • MIL-OSI China: MOFA sincerely thanks international community for taking concrete actions to support Taiwan’s UN participation

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    October 4, 2024
    No. 058

    The General Debate of the 79th session of the United Nations General Assembly (UNGA) concluded on September 30. The Ministry of Foreign Affairs (MOFA) sincerely thanks the diplomatic allies, like-minded countries, and friends from around the world who expressed support for Taiwan’s participation in the UN and refuted China’s deliberate misrepresentation of UNGA Resolution 2758 in various ways, both in the chamber and on the sidelines of the event. 

    High-level government officials from Taiwan’s diplomatic allies Paraguay, the Marshall Islands, Palau, Saint Vincent and the Grenadines, Eswatini, Tuvalu, Saint Christopher and Nevis, Saint Lucia, and Belize spoke up for Taiwan at the UN General Debate and Summit of the Future. Officials from the Marshall Islands, Palau, Tuvalu, and Saint Lucia explicitly pointed out that UNGA Resolution 2758 did not preclude Taiwan’s participation in the UN system. Following similar remarks in 2022, US President Joe Biden again used his speech to the UN General Debate to spell out the United States’ commitment to maintaining peace and stability across the Taiwan Strait. Australia mentioned the Taiwan Strait for the first time at the UN General Debate, with Minister for Foreign Affairs Penny Wong stating that Australia had consistently pressed China on peace and stability in the Taiwan Strait.  

    At a US House of Representatives Committee on Foreign Affairs hearing held a few days before the UN General Debate, US Deputy Secretary of State Kurt Campbell criticized China for using UNGA Resolution 2758 as a diplomatic tool to suppress Taiwan’s status. In response to a question in parliament, Dutch Minister of Foreign Affairs Caspar Veldkamp openly acknowledged that the resolution had nothing to do with Taiwan. Following a meeting on the sidelines of the UNGA held by the Group of Seven (G7) foreign ministers and the European Union high representative for foreign affairs and security policy, the chair of the meeting released a statement reaffirming the importance of cross-strait peace and stability to international security and prosperity as well as supporting Taiwan’s international participation. 

    Joint statements expressing a high regard for cross-strait peace and stability were issued after other recent high-level meetings, including the Quad leaders’ summit, the seventh high-level meeting of the EU-US Dialogue on China, the US-Japan summit meeting, the UK-US Strategic Dialogue, the Japan-Australia Foreign and Defence Ministerial Consultations, the Republic of Korea-New Zealand bilateral meeting, and the Lithuania-US Strategic Dialogue on the Indo-Pacific.

    In terms of legislative branches, the Inter-Parliamentary Alliance on China passed a model resolution on UNGA Resolution 2758 on July 30 for its members’ reference. The Australian Senate, the Dutch House of Representatives, and the Guatemalan Congress have since adopted motions in support of Taiwan based on the model resolution. The Foreign Affairs Committee of the Italian Chamber of Deputies also approved a resolution backing Taiwan’s international participation, demonstrating staunch support for Taiwan.

    Speaking for the first time on the sidelines of the UNGA at the annual summit of the New York-based nonprofit organization Concordia through prerecorded remarks, President Lai Ching-te told the UN family that Taiwan would strive to maintain regional peace and stability and urged the international community to support Taiwan’s participation.  Ambassador Alexander Tah-ray Yui, Representative to the United States, held a discussion with former US Under Secretary of State for Economic Growth, Energy, and the Environment Keith Krach on cross-strait peace and security and Taiwan’s campaign to participate in the UN. During the UNGA, Taiwan cohosted a seminar in New York with the United States, Japan, Australia, and Canada under the Global Cooperation and Training Framework. The event underscored Taiwan’s resolve to contribute to the global community.

    MOFA also appreciates the unwavering support of the Legislative Yuan. A cross-party delegation of legislators—including Ngalim Tiunn, Wu Tsung-hsien, and Wu Chun-cheng—visited New York during the UNGA to provide guidance and take part in related activities. The group powerfully conveyed the strong desire of the Taiwanese people to be part of the UN system.

    Through an international publicity and new media campaign, the government effectively communicated Taiwan’s demands for UN participation to all quarters. An op-ed by Minister of Foreign Affairs Lin Chia-lung, letters to the editor from Taiwan’s overseas missions, and interviews with Taiwanese ambassadors and representatives appeared 455 times in mainstream international media outlets. These included the Diplomat, the Hill, the Washington Times, National Review, and the New York Sun in the United States; Modern Diplomacy and the European Business Review in the European Union; the National Post in Canada; Le Figaro in France; Norrbottens-Kuriren in Sweden; La Razón in Spain; De Telegraaf and Nederlands Dagblad in the Netherlands; Euractiv in Greece; Rzeczpospolita in Poland; La Verità and Le Formiche in Italy; the Sankei Shimbun in Japan; the Chosun Ilbo in the Republic of Korea; the Philippine Star in the Philippines; the Hindustan Times and the Tribune in India; the Jerusalem Post in Israel; La Razón in Peru; the Eswatini Observer in Eswatini; La Nación in Paraguay; O Tempo in Brazil; Jelen in Hungary; and the Daily News in Thailand. 

    The short promotional film IC You received more than 25.4 million views—again breaking the record for Taiwan’s annual campaign. During the UNGA, MOFA and its overseas missions released 2,922 posts about Taiwan’s bid on social media platforms including Facebook, X, Instagram, and Threads. The posts were seen over 48.378 million times and received an unprecedentedly warm response. A short animation video, UNity through Peace: Chip in with Taiwan, was shown on a large billboard in New York City’s iconic Times Square. The advertisement featured elements including semiconductor circuits and Taiwan’s contributions to achieving the UN Sustainable Development Goals (SDGs). The video conveyed Taiwan’s strengths in IC technology, highlighted its image as a responsible member of the global community, and broadened worldwide recognition and support for Taiwan’s call for international participation.

    MOFA reiterates that UNGA Resolution 2758 does not mention Taiwan. The resolution therefore has nothing to do with Taiwan and cannot serve as the basis for precluding Taiwan from the UN system and other international organizations. Taiwan is determined, willing, and able to contribute to the global community. Continuing to exclude Taiwan from multilateral endeavors will not only be a loss to humanity but also detrimental to realizing the SDGs. To uphold the UN principle of leaving no one behind, MOFA again calls on the UN to stop bowing to pressure from China and swiftly allow Taiwan’s full participation. (E)

    MIL OSI China News –

  • MIL-OSI China: MOFA response to false claims by China’s foreign ministry regarding Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to false claims by China’s foreign ministry regarding Taiwan

    October 10, 2024 

    At a regular press conference held on the afternoon of October 10, China’s foreign ministry falsely claimed that Taiwan had “no so-called sovereignty” and urged “the few foreign politicians who visit Taiwan to correct their wrong words and deeds.” 

     

    President Lai Ching-te clearly stated in his National Day address on October 10 that neither the Republic of China (Taiwan) nor the People’s Republic of China was subordinate to the other. He also emphasized that Taiwan was willing to work with China to address climate change, combat communicable diseases, and maintain regional security in the pursuit of peace and mutual prosperity for the well-being of both peoples.

     

    The Ministry of Foreign Affairs (MOFA) reiterates that ideological narratives or threats will neither alter the fact that Taiwan is a democratic country with 23 million peace- and freedom-loving people nor hinder Taiwan from forging closer connections and interactions with the international community.

     

    MOFA calls on China to recognize the goodwill that President Lai expressed in his National Day address and squarely face the reality of the situation across the Taiwan Strait. Instead of continuing to cause apprehension and disturbances in the surrounding region, China should attempt to once again align with the rules-based international order so as to contribute to regional peace, stability, prosperity, and positive cross-strait development.

    MIL OSI China News –