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  • MIL-OSI China: ‘Stories of CPC’ briefing to highlight NE China’s achievements

    Source: China State Council Information Office 2

    A press conference was held Sunday in Changchun, Northeast China’s Jilin province, to introduce the upcoming “Stories of the Communist Party of China (CPC) — Achievements of Northeast China in Practicing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era” briefing.
    Hu Zhaoming, spokesperson for the International Department of the CPC Central Committee (IDCPC), presented details of the briefing scheduled for Monday.
    The briefing, themed “Striving for New Breakthroughs in the Full Revitalization of Northeast China,” will be jointly hosted by the IDCPC and Party committees of Inner Mongolia autonomous region and Liaoning, Jilin and Heilongjiang provinces.
    This 18th edition of the “Stories of CPC” briefings will include bilateral meetings, a main briefing, economic and trade promotion meetings, and field visits for foreign guests. It aims to introduce Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era to the international community, especially CPC Central Committee General Secretary Xi Jinping’s important ideas on regional coordinated development, with the full revitalization of Northeast China as an example.
    More than 200 leaders of political parties from over 50 countries, foreign envoys in China and foreign business representatives are expected to attend.
    China’s northeastern region comprises Liaoning, Jilin and Heilongjiang provinces and part of Inner Mongolia autonomous region.
    The IDCPC initiated the “Stories of CPC” briefings in 2017 to share China’s development in the new era and the Party’s governance.

    MIL OSI China News

  • MIL-OSI: ALM. BRAND TIER-1 BONDS

    Source: GlobeNewswire (MIL-OSI)

    FIXING OF COUPON FROM October 14 2024

    Interest coupon for the period 14.10.2024 – 14.01.2025:

    DK0030497953, (RT1), 3 months CIBOR +3.40%: 6.53% p.a.

    Contact

    Please direct any questions regarding this announcement to:

    Investors and equity analysts:                 

    Direktør, IR Rating og ESG Rapportering
    Mads Lerche Thinggaard
    Mobile no. +45 2025 5469
            

    Attachment

    The MIL Network

  • MIL-OSI: Municipality Finance will redeem early notes issued under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    14 October 2024 at 11:00 am (EEST)

    Municipality Finance will redeem early notes issued under its MTN programme

    Municipality Finance Plc will exercise its right to redeem in whole its USD 150 million notes (ISIN XS2548900146) on 28 October 2024.

    The notes are admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. MuniFin has today filed an application to remove the notes from trading.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over to EUR 50 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: http://www.kuntarahoitus.fi/en

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: Danske Bank share buy-back programme: Transactions in week 41

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 45 2024   Group Communications
    Bernstorffsgade 40
    DK-1577 København V
    Tel. +45 45 14 00 00

    14 October 2024

    Danske Bank share buy-back programme: Transactions in week 41

    On 2 February 2024, Danske Bank A/S announced a share buy-back programme for a total of DKK 5.5 billion, with a maximum of 70 million shares, in the period from 5 February 2024 to 31 January 2025, at the latest, as described in company announcement no. 2 2024.

    The programme is being carried out under Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016, also referred to as the Safe Harbour Rules.

    The following transactions were made under the share buy-back programme in week 41:

      Number
    of shares
    VWAP
    DKK
    Gross value
    DKK
    Accumulated, last announcement 19,623,768 202.0885 3,965,737,313
    07/10/2024 160,000 194.3999 31,103,984
    08/10/2024 110,000 196.3523 21,598,753
    09/10/2024 146,256 195.1451 28,541,142
    10/10/2024 97,607 197.3579 19,263,513
    11/10/2024 78,782 198.5271 15,640,362
    Total accumulated over week 41 592,645 195.9820 116,147,753
    Total accumulated during the share buyback programme 20,216,413 201.9095 4,081,885,067

    With the transactions stated above the total accumulated number of own shares under the share buy-back programme corresponds to 2.34% of Danske Bank A/S’ share capital.

    We enclose share buy-back transaction data in detailed form of each transaction in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016.

    Danske Bank

    Contact: Stefan Singh Kailay, Group Press Officer, tel. +45 45 14 14 00

    Attachments

    The MIL Network

  • MIL-OSI Europe: EU statement on recent attacks against UNIFIL

    Source: Government of Sweden

    EU statement on recent attacks against UNIFIL – Government.se

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    Published

    Statement by the High Representative on behalf of the European Union on recent attacks against UNIFIL.

    The European Union expresses its grave concern about the recent escalation along the Blue Line. The EU condemns all attacks against UN missions. It expresses particularly grave concern regarding the attacks by the Israeli Defence Forces (IDF) against the United Nations Interim Force in Lebanon (UNIFIL), which left several peacekeepers wounded. Such attacks against UN peacekeepers constitute a grave violation of international law and are totally unacceptable. These attacks must stop immediately.

    All actors have an obligation to take necessary measures to ensure the safety and security of UN personnel and property and to respect the inviolability of UN premises at all times. We urgently await explanations and a thorough investigation from the Israeli authorities about the attacks against UNIFIL, which plays a fundamental role in the stability of South Lebanon.

    We urge all parties to fully uphold their obligations to guarantee the safety and security of UNIFIL personnel at all times, and to allow UNIFIL to continue to implement its mandate.

    The troops and other personnel of UNIFIL, to which sixteen EU Member States currently contribute, are working under difficult conditions in the defence of international peace and security. The EU pays tribute to their professionalism and renews its unwavering support to UNIFIL’s role.

    We are also deeply concerned by Hezbollah’s continued launch of rockets into Israel that has to stop, and by IDF strikes in densely populated areas of Lebanon, causing a heavy toll on civilians and the displacement of many. We urge all parties to respect International Humanitarian Law, in all circumstances.

    The EU reiterates its call for an immediate ceasefire in Lebanon, and for all parties to commit and work towards the full implementation of Security Council Resolution 1701.

    MIL OSI Europe News

  • MIL-OSI Europe: Swedish and Belgian Prime Ministers to attend memorial on anniversary of 2023 Brussels terrorist attack

    Source: Government of Sweden

    Swedish and Belgian Prime Ministers to attend memorial on anniversary of 2023 Brussels terrorist attack – Government.se

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    Press release from Prime Minister’s Office

    Published

    Wednesday, 16 October marks the one-year anniversary of the terrorist attack in Brussels, in which two Swedish football fans were killed and a third injured. Prime Minister Ulf Kristersson and Belgium’s Prime Minister Alexander de Croo will take part in a joint wreath-laying ceremony at the site where the attack took place.

    Photo media interested in covering the ceremony are invited to contact Press Secretary Tom Samuelsson for more information.

    Press contact

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: Funding Scheme on Promotion of Family Education 2024-25 opens for application from today

    Source: Hong Kong Government special administrative region

         The Home and Youth Affairs Bureau and the Family Council have launched a new five-year Funding Scheme on the Promotion of Family Education today (October 14) and invite a 2024-25 round of applications. The deadline for applications is November 22.
          
         The Scheme seeks to subsidise non-profit-making community family education projects to raise public awareness of family education and its importance, and further promote family values to enhance family well-being and social harmony.
                                         
         The Scheme covers various family-related themes such as education for new parents, parent-child education, maintenance of family relationships, strengthening of family cohesion and solidarity, inheritance of good family values and traditional virtues, and other marriage-related subjects, etc to meet the needs of different families. Apart from the above-mentioned themes, applicant organisations may apply for funding to organise suitable projects with other family-related themes having regard to the concern or needs of the community. A proposed project may feature more than one theme provided that they are family-related. The funding cap for each 12-month and 18-month project is $800,000 and $1,200,000 respectively.
          
         Details of the Scheme, including the application guide and application form, are available on the website of the Scheme (www.pfe.gov.hk). Interested eligible bodies and non-governmental organisations may submit applications.
     

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Update on postal services to United States

    Source: Hong Kong Government special administrative region

         Hongkong Post announced today (October 14) that, as advised by the postal administration of the United States, due to the impact of hurricane, mail delivery services to areas with postcodes 006–009, 214–268, 300–352, 354–399, 700, 701, 703–708, 710–714, 716–729 and 801–851 are subject to delay.

    MIL OSI Asia Pacific News

  • MIL-OSI New Zealand: Government Appointments – PSA looks forward to working with new Public Service Commissioner

    Source: PSA

    The PSA hopes the new Public Service Commissioner Sir Brian Roche will be a good advocate for the value of the public service in supporting the health and wellbeing of New Zealanders.
    The PSA congratulates Sir Brian on his appointment. He has taken on this role at a very challenging time when the public service has been eroded by the Government through spending cuts and job losses.
    The PSA looks forward to having a constructive relationship with Sir Brian to ensure the public service is recognised for the great work it does.
    Through his long and distinguished service in many roles, he knows the value public service workers bring to issues. He has worked with governments in the past which have continued to build the public service so it can meet our challenges as a nation.
    We hope he brings to the role the courage to remind Ministers of the critical role that the public service plays.
    Te Kawa Mataaho, the Public Service Commission, has provided valuable leadership in recent years in building a public service that has provided rewarding career paths and one that has driven a consistent reduction in gender pay gaps, well ahead of the private sector.
    The PSA urges Sir Brian to weigh the progress that has been made when he takes on the role next month so he can provide quality advice to the Government that helps it better understand how the public service is helping us progress as a nation. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Weather News – Clear skies and colder temperatures on the way – MetService

    Source: MetService

    Covering period of Monday 14 – Thursday 17 October – While showers and wind gusts of up to 90km/h, and possibly also thunderstorms and hail affect northern and central Aotearoa New Zealand today (Monday), MetService is forecasting clear skies for much of the working week.

    A low-pressure system west of Taranaki resulted in a wet and windy start to the week for much of the country, with especially persistent and heavy rain for the south coast of the North Island. MetService’s Kelburn weather station recorded its fifth wettest 9am-9am period for October, measuring 70.2mm of rain, with records there tracing back to 1927. While this persistent rain is on its way out this afternoon, further showers and gusty winds are expected for the North Island as the low begins to traverse the country.

    MetService meteorologist Ngaire Wotherspoon says, “The passage of the low brings a risk of thunderstorms and hail for much of the North Island, with the risk mainly inland for areas south of the Bay of Plenty. Auckland and Northland could see strong wind gusts of 90 km/h this evening.”

    Down south it’s a fine day, but an approaching cold front brings rain with snow to 800 metres over the Deep South tonight. As the front sweeps northwards over the country on Tuesday, colder temperatures will be noticeable, alongside a period of rain for eastern areas.

    Behind the front, skies clear and winds ease, though the cold air lingers. Frosts are in store for the South Island and interior North Island, and daytime temperatures in the east are expected to be 4 – 6°C below their October averages.

    “We expect this fine weather to stick around for much of the working week, before taking a wetter turn over the upper South Island on Friday,” adds Wotherspoon.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Kings Quarry extension declined consent under COVID-19 Fast-track Act

    Source: Environmental Protection Authority

    An independent panel has declined resource consent to expand a quarry in Wainui, Auckland.
    Kings Quarry Limited applied for resource consent under the COVID-19 Recovery (Fast-track Consenting) Act 2020.
    The project involved expanding an existing quarry at Pebble Brook Road in Wainui, Auckland.
    The decision comes 196 working days after the application was lodged with the Environmental Protection Authority.
    The Environmental Protection Authority is not involved in the decision-making. We provide procedural advice and administrative support to the panel convenor, Judge Laurie Newhook, and the expert consenting panel he appoints.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Health Investigation – Commissioner initiated investigation into informed consent finds systems weaknesses

    Source: Health and Disability Commissioner

    A Commissioner initiated investigation into patient consent for the involvement of junior medical staff, students and other trainees at North Shore Hospital has found systems weaknesses but no breach of the Code of Health and Disability Services Consumers’ Rights (the Code).
    The Health and Disability Commissioner, Morag McDowell, initiated the investigation following a complaint from a registered nurse who was concerned that trainee doctors and medical students had provided services and received teaching in obstetric and gynaecology services, without patient consent.
    The Commissioner’s opinion considers how consent processes apply to teaching and clinical care situations, having regard to the qualifications and experience of the medical staff providing care.
    In particular, the Commissioner noted the distinction between medical students (who are not qualified as doctors), and trainees (qualified doctors undertaking specialist training – some of whom may be at the start of their careers and others who are very advanced but not yet qualified as a specialist in their chosen field). A critical issue for the investigation was to consider in what circumstances a patient’s participation in teaching needed to be specifically consented to.
    In the course of the investigation, it was identified that informed consent practices, policies and procedures were significantly inconsistent across Aotearoa New Zealand. There was also a lack of clarity about the application of the Code, which clearly requires that teaching involving patients must be undertaken only with their knowledge and consent.
    “Consumers cannot be involved in teaching without giving informed consent, and providers of health and disability services must ensure they have a robust system and culture for obtaining that consent,” said Ms McDowell.
    Ms McDowell found weaknesses in Health NZ Waitemata’s system – including its consent forms – noting the processes minimised student or trainee clinician’s involvement, and didn’t prompt introductions for explanations of the role, involvement or degree of supervision of the trainee. Where verbal discussions may have been held about teaching, they were not adequately documented, she said.
    In relation to the involvement of medical students, Ms McDowell said “Clinicians must be mindful that informed consent is more than just a tick box exercise, and they must be alive to individual patient circumstances. The wording of Health NZ’s 2018 consent form and apparent reliance on it to justify all medical student involvement beyond observation, was a significant weakness in Health NZ’s consent practices.”
    In relation to trainees, who are qualified doctors, there is more complexity when it comes to consent processes. While all medical student involvement in patient care represents teaching, trainees are not always providing care in situations where teaching is taking place, and therefore specific consent about teaching is not required. Each case will turn on its own facts.
    Ms McDowell’s adverse comment addressed consent and policy forms, medical students in theatres, trainees who are part of the team, sensitive examinations, and procedures under general anaesthesia.
    “Basic courtesy and respect for patients apply and, wherever practicable, consumers should know who is to be providing their care and what they will be doing. This is information that a reasonable consumer can expect to receive,” said Ms McDowell. She emphasised the particular importance of sharing this information when consumers are undergoing sensitive or intimate examinations.
    Ms McDowell commended the nurse for raising her concerns, first to Health NZ and then to HDC, noting her complaint offered an opportunity to address significant inconsistencies in approaches to informed consent and knowledge of the Code. She also commended Health NZ for its efforts in undertaking a careful, ongoing review and improvement of its informed consent policy and practice.
    She made a range of recommendations including that Health NZ Waitematā develop patient information about clinical teaching to ensure it is easy to understand and emphasises patient choice. She has also asked Health NZ to report back on progress on its national policy on informed consent. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Health Investigation – Woman’s rights breached when pharmacist dispenses incorrect medication

    Source: Health and Disability Commissioner
    A woman’s rights under the Code of Health and Disability Consumers’ Rights were breached by a pharmacist when she dispensed incorrect medication, the Deputy Health and Disability Commissioner has found.
    Dr Vanessa Caldwell said the pharmacist failed to provide services which complied with legal, professional, ethical and other relevant standards as a result, in a decision released today.
    The case centres on the incorrect dispensation of Salazopyrin instead of Pentasa for management of the woman’s gastrointestinal issues by the pharmacist. The woman took the Salazopyrin for seven weeks, assuming it was a substitute, but started feeling very unwell after four weeks. She immediately felt better when she received her correct prescription for Pentasa after returning to the pharmacy where the error was discovered.
    “The Pharmacy Competence Standards state that a pharmacist must maintain a logical, safe, and disciplined dispensing procedure. In this case the pharmacist did not comply with this standard as she failed to double check that the correct medication had been dispensed,” said Dr Caldwell.
    She added that the same standards states that “a pharmacist should monitor the dispensing process for potential errors and act promptly to mitigate them. In this case, the pharmacist did not comply with this standard, as she was not aware of her mistake for approximately seven weeks when she was alerted to the error….”
    The pharmacist agreed to a breach of Right 4(2) of the Code proposed by Dr Caldwell who said she had demonstrated a willingness to achieve a speedy resolution and make changes. She also noted there was the potential for a more restorative approach to managing the issue given the pharmacy is the woman’s long-term provider.
    Dr Caldwell made an adverse comment against the pharmacy for not keeping relevant standard operating procedures up to date. However, she commended the pharmacy’s manager for promptly making changes to prevent the error from happening again.
    Dr Caldwell recommended the pharmacist, and pharmacy, formally apologise to the woman and for the pharmacy to rewrite its relevant dispensing standard operating procedures, and audit and evaluate the effectiveness of the new policies and processes and report back to HDC on the results and corrective actions taken. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Health Investigation – Hato Hone St John and call handler breach man’s rights in management of 111 call

    Source: Health and Disability Commissioner

    A man’s rights under the Code of Health and Disability Services Consumers’ Rights were breached by Hato Hone St John, and a call handler, said the Deputy Health and Disability Commissioner Deborah James, in a decision released today.
    The decision centres on the management of a 111 call from a woman who described symptoms indicating a heart attack being experienced by her husband. An ambulance service took the initial call and then transferred it to St John. The call was prioritised as ‘serious but not immediately life threatening.’
    Approximately 30 mins later, a dispatcher launched an initial assignment tool to identify which ambulances were available. The tool indicated a 27-minute wait for an ambulance and suggested the use of a first response team (Fire and Emergency NZ), which was available to respond. The dispatcher decided this was unnecessary as the patient was alert, breathing easily and had no cardiac history.
    Thirty minutes after her first call, the woman called 111 again because her husband’s condition had deteriorated. Another call handler picked up this call and advised her that an ambulance had not been assigned due to demand, but she did not re-triage the call. The woman told the call handler she would drive her husband to the hospital. The call handler then closed off the incident. Sadly, the man had a heart attack three minutes from the hospital and could not be revived.
    Deborah James found the call handler (Ms B) had deviated from St John’s standard operating procedure (SOP). “…the St John incident review identified that when Mrs A advised Ms B that she would take Mr A to hospital herself, there was a need for Ms B to advise that it might be a good idea to continue waiting for the ambulance response. I note that Ms B’s failure to re-triage Mrs A’s second 111 call may have affected her decision not to advise Mrs A to wait for the ambulance to arrive.”
    Unfortunately, despite the man’s wife telling the call handler that her husband’s condition had worsened, the call handler did not ask for any further information about his symptoms. As a result, Ms James found the call handler had breached the Code by not providing services that complied with professional standards.
    Deborah James found St John had also failed the man by not meeting expected wait times when there was a 30-minute delay in using the initial assignment tool, nor was a welfare check undertaken.
    “There will undoubtedly be times where ambulances are unavailable to respond to incidents immediately. However, it is St John’s responsibility to find ways to mitigate the risks associated with unavailable ambulances. In my view, conducting welfare checks every 30 minutes (as outlined in St John’s SOP) is an appropriate tool in mitigating such risk.”
    She also found St John breached the Code by not providing the man (through his wife) with information he could have expected to receive under the circumstances. This included not conducting a welfare check and not advising the woman about delays in dispatching an ambulance, or for her to wait for an ambulance response.
    Ms James made an adverse comment about the St John dispatcher who launched the initial assignment tool noting her concerns about the delay, despite the busyness at the time, saying it was a useful safety netting tool that should have been deployed. Ms James was also critical that the dispatcher did not document his reasons for not dispatching the first response unit.
    Ms James has recommended the call handler formally apologise to the woman. Further recommendations include that St John provide additional training for call handling and dispatch staff, on the importance of welfare checks and to update its dispatching guides to be clearer about how to use the initial assignment tool.
    St John has made a range of changes since the event which are outlined in the decision. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Health Investigation – Woman’s rights to appropriate care for diabetes breached by Health NZ Te Tai Tokerau

    Source: Health and Disability Commissioner

    A woman’s rights to receive an appropriate standard of care were breached over a two month period, which included several admissions to Kaitaia Hospital, said Deputy Commissioner Rose Wall in a report published today.
    The woman’s rights under the Code of Health and Disability Services Consumers’ Rights (the Code) were breached by Health New Zealand Te Tai Tokerau (previously Te Whatu Ora) for care by multiple staff.
    The woman suffered from multiple complications from Type 2 diabetes. On several occasions she presented, or was admitted, to Kaitaia Hospital for treatment. Following a deterioration in her symptoms, and subsequent hospital admission, she underwent a toe amputation, followed by a below-knee amputation and further surgery. Sadly, she died from a bacterial infection in her right groin.
    Ms Wall Found Health NZ Te Tai Tokerau breached the Code for failing to provide services to the woman with reasonable care and skill.
    “Health NZ Te Te Tokerau was the group provider with overall responsibility for ensuring that the woman received timely intervention to try to avert the profound difficulties she ultimately experienced,” Ms Wall said.
    During the woman’s two-week hospital admission, the clinicians failed to assess and consider the cause of her ulcers adequately, Ms Wall said.
    In addition, she was seen on multiple occasions over two months and despite a clear need, was not referred to the vascular service or the diabetes clinic. “In my view this was a failing of multiple staff over the course of her care,” Ms Wall said.
    Ms Wall also made an adverse comment about the registered nurse at the medical centre who assessed the woman’s foot and incorrectly classified the extent of disease present. This led to an inappropriate referral to the community podiatry service, rather than the diabetes clinic.
    Ms Wall acknowledged, however, that the nurse was working within a system where guidance and terminology were confusing, which enhanced the likelihood of an error.
    In relation to the community podiatrist who returned the referral to the system administrator, Ms Wall made an educational comment. The community podiatrist correctly identified that the referral should go to the diabetes clinic but did not provide adequate clarity in her explanation for her referral rejection. Ms Wall acknowledged issues with the referral system that did not have a default requirement to leave a note of explanation. 
    In addition to the investigation into the care provided to the woman, Ms Wall also investigated whether the Primary Health Organisation contracted by Northland District Health Board to deliver community podiatry services in Northland (PHO 1) provided an appropriate standard of care to multiple consumers from July 2017 to June 2020.
    Considering the overall community podiatry services in Northland, Ms Wall made an adverse comment about PHO1.
    “I am critical that PHO 1 did not provide an adequate community podiatry referral system and processes, which affected multiple consumers,” Ms Wall concluded.
    While noting that PHO 1 was removed from the Companies Register in March 2022 and no longer has legal status, Ms Wall wrote to Manatū Hauora|Ministry of Health and the Health NZ National Office highlighting her concerns.
    Since the events, a number of changes have been made by Health NZ, with further recommendations outlined by Ms Wall in her report.

    MIL OSI New Zealand News

  • MIL-OSI Submissions: Adjustment to early childhood education in the consumers price index

    Source: Statistics New Zealand

    Adjustment to early childhood education in the consumers price index – The FamilyBoost early childhood education (ECE) rebate scheme began on 1 July 2024. The September 2024 quarter consumers price index (CPI), to be released on Wednesday, 16 October at 10:45am, will include an adjustment to reflect the introduction of the rebate scheme.

    An adjustment has been made to the ECE subgroup in the CPI to reflect the rebate households will receive through the FamilyBoost scheme.

    Inland Revenue has provided data about the anticipated fall in household expenditure on ECE in 2024/25 due to FamilyBoost. A fall of about $174 million is expected in CPI expenditure on ECE.

    The movement for the ECE subgroup in the September 2024 quarter will incorporate the regular price changes for ECE, and this adjustment.

    MIL OSI

  • MIL-OSI Global: Fall of Khrushchev: 60 years since the ‘most democratic coup’ in Soviet history, how Comrade Nikita was toppled

    Source: The Conversation – UK – By Tomas Sniegon, Associate Professor, Department of European Studies, Lund University

    The overthrow of Nikita Khrushchev from the posts of first secretary of the Soviet Communist Party and the leader of the Soviet state in October 1964 was an unprecedented event in the history of the Soviet Union.

    The old leader was deposed by the opposition without violence. He was not imprisoned or killed after losing power. While his predecessors Lenin and Stalin and successors Brezhnev, Andropov and Chernenko all died in power, Khrushchev was sent into retirement, where he lived under supervision for another seven years.

    Unlike the era of the last Soviet leader, Mikhail Gorbachev, the Soviet Union did not disintegrate when its leader had to relinquish power. Six decades have now passed since what has become known as the “most democratic coup” in Soviet history – sometimes referred to as the “little October revolution”.

    Khrushchev, who rose to power on the death of Josef Stalin in 1953, actually came close to being overthrown as early as 1957. At that time, Stalin’s former collaborators and close comrades, including Georgy Malenkov and Vyacheslav Molotov, opposed him. They even gained an upper hand in the party’s highest body, the presidium. But Khrushchev was saved by the support of the army leadership, the KGB political police and the wider party leadership, the central committee.

    Seven years later, however, he was brought down by politicians from the next generation – men who largely owed their powerful positions to him.

    Strongest among them was Leonid Brezhnev, who duly took Khrushchev’s place as first secretary (shortly afterwards renaming his position general secretary, the same title as Stalin). Next in line was Alexander Shelepin, the powerful secretary of the party’s central committee who had run the KGB from 1958 to 1961.

    The role of the KGB, which in October 1964 was headed by Shelepin’s successor Vladimir Semichastny, was crucial in ensuring Khrushchev’s downfall, as its ninth directorate – which was responsible for the protection of state officials – not only protected but also constantly monitored them.

    Semichastny not only knew about the revolt against Khrushchev but was actively involved in it. Had he informed the leader about the plotting, pretty much what he was in the job to do, Khrushchev would more than likely have averted the palace coup this time as well.

    In his memoirs, Semichastny even mentioned the fact that Brezhnev raised the possibility of Khrushchev’s assassination during one conversation with him. But this plan was never put into action. In the event the plot to remove the Soviet leader was completed by non-violent means.

    Reforming leader

    Khrushchev has gone down in history as a reformer who wanted to make Soviet communism less brutal. He strongly criticised Stalin for his abuse of power but, at the same time, he gradually increased his own powers.

    His efforts at political and economic reforms stopped when they posed a threat to maintaining the monopoly of communist power. Despite paying lip service to the idea of less heavy-handed domination of the Soviet bloc from Moscow, he became known for his bloody suppression of the Hungarian revolt in 1956. During the Cuban missile crisis in 1962, he then brought the world to the brink of nuclear war.

    New kind of leadership: Kruschev meeting US president John F Kennedy in Vienna in 1961.

    His initially positive reforms improved the living standards) of the people in his country, but later became chaotic and led to social unrest, including the massacre of workers in Novocherkassk in 1962 and the need to buy grain from the west, which he had previously wanted to ideologically “bury”.

    Also, the rift between the Soviet Union and China at the turn of the 1950s and 1960s caused a certain resentment in Moscow. Khrushchev’s moves towards liberalisation had not caused the rift, which was more due to China’s increased authoritarianism under Mao Zedong during that era. This was exacerbated by border disputes between the two countries as well as disagreements over international relations. But Khrushchev’s critics felt he could – and should – have handled relations more skilfully.

    Fall and legacy

    Having faced down a coup attempt in 1957, by October 1964 Khrushchev found himself politically isolated and without support in either the presidium or in the central committee. His opponents forced him to return prematurely from his vacation in the Georgian report town of Pitsunda to Moscow where he was confronted by his political opponents, led by Brezhnev with the support of other powerful politicians, including Shelepin, Alexei Kosygin and Mikhail Suslov.

    Realising his supporters in the presidium were in the minority and that to retain power would mean involving the army or KGB, which he was not confident would back him, Khruschev resigned.

    Reflecting on how his leadership had rejected Stalinism, he is reported to have said: “I am glad that, finally, the party has matured and can control any individual.”

    But Brezhnev, who manoeuvred himself into power in Khrushchev’s stead, learned from the fall of his predecessor and tightened his grip on the levers of power. Yet the Soviet Union – thanks in large part to Khrushchev – never returned the state terror and mass murder of Stalinism.

    The Soviet Union was to experience another coup attempt against a leader in 1991, when conservative opponents tried to overthrow another reformer, Mikhail Gorbachev. But this attempt, much less prepared and elaborate and lacking the necessary wider support, failed. The Soviet Union collapsed and was formally disbanded just a few months later.

    But for many people, it’s Khrushchev whose reforms and governing style began the gradual disintegration of the Soviet Union as far back as the 1950s, partly thanks to his efforts to impose more democratisation. It is not surprising that the current Russian president, Vladimir Putin, disdains him – especially since Khrushchev, according to Putin, “senselessly donated” Crimea to Ukraine in 1954.

    At least Khrushchev himself was able to live to focus on the positives. He would recall in his memoir how he freed his country from the suffocating fear of Stalinism and was able to raise a generation of younger politicians who were finally not afraid to stand up to him. Sadly, this is no longer a hallmark under the current leadership.

    Tomas Sniegon 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. Fall of Khrushchev: 60 years since the ‘most democratic coup’ in Soviet history, how Comrade Nikita was toppled – https://theconversation.com/fall-of-khrushchev-60-years-since-the-most-democratic-coup-in-soviet-history-how-comrade-nikita-was-toppled-241053

    MIL OSI – Global Reports

  • MIL-OSI Submissions: Africa – ATIDI Announces Election of New Board Leadership

    Source: African Trade & Investment Development Insurance

    ·       At its recently concluded Board Meeting, Professor Kelly Mua Kingsley was elected as the new Chair of the Board and Ms. Christina Westholm- Schröder was elected as the new Vice Chair of the Board.

    ·       ATIDI was recently upgraded by Moody’s from A3/Positive to A2/Stable – while S&P affirmed its A/Stable rating, reflecting the organization’s strong financial management and strategic direction.

    Nairobi, 14 October 2024 — At its 101st meeting held on 5 October 2024, the Board of Directors of African Trade & Investment Development Insurance – ATIDI (commonly known as the African Trade Insurance Agency), announced the election of Professor Kelly Mua Kingsly as the new Chair of the Board. He is deputized by Ms. Christina Westholm- Schröder.

    The election of the new Board leadership follows the appointment of new Board Members by ATIDI’s Annual General Meeting in line with ATIDI’s continued commitment to strong corporate governance.

    The new Board, which includes ATIDI’s first Independent Director, will play a critical role in steering the organization’s strategic direction and governance, further enhancing the organization’s efforts to foster sustainable growth across the continent.

    Professor Kelly is the Director of Finance Operations at the Ministry of Finance’s Directorate General of Treasury in Cameroon. In this capacity, he has been instrumental in designing and implementing strategies for monitoring public revenue and expenditure, preparing comprehensive financial reviews and spearheading public finance reforms.

    In addition to his role at the Ministry of Finance, Professor Kelly serves as the Censor at the Central Bank of Central African States (BEAC) and represents Cameroon at the Regional Advisory Commission on Financial Markets (COSUMAF). His recent appointment as Cameroon’s designated representative with the United Nations Development Program and the European Investment Bank for GEF projects underscores his commitment to managing climate finance and enhancing regional debt resilience.

    Accepting his appointment, Prof. Kelly said his vision is to support best corporate governance practices within ATIDI and drive economic growth that benefits the continent by working closely with ATIDI’s leadership.

    “I aim to expand ATIDI’s outreach and visibility across Africa. I encourage all the Central African Economic and Monetary Community (CEMAC) countries to consider applying for membership in ATIDI, as this will further strengthen regional cooperation and open new avenues for economic collaboration,” prof. Kelly said.

    Prof. Kelly’s election as the first Cameroonian Board Chair has a significant impact on fostering relationships and networks within the CEMAC and the broader West African region. His role is set to facilitate collaboration among member states, enhance trade relations and promote regional integration. For more information on the membership process, visit  

    https://www.atidi.africa/investorrelations/membership-process/  

    Prof. Kelly succeeds Dr. Yohannes Ayalew Birru who has diligently served for two consecutive terms of three years. He was deputised by Ms. Hope Murera, the Managing Director of Zep-Re. During their leadership, ATIDI’s member states increased from 14 to 24 (current member states include Kenya, Cameroon, Nigeria, Ethiopia, Ghana, Malawi, South Sudan, Tanzania, Zimbabwe, Uganda, Zambia, Rwanda, Burundi, Côte d’Ivoire, Benin, Mali, Democratic Republic of Congo, Chad, Senegal, Togo, Madagascar, Niger, Burkina Faso, and Angola).  Similarly, gross exposure increased from USD 4.8 million to USD9.6 billion, profits from USD12 million to USD69.1 million and assets from USD419 million to USD837 million.

    “I take this opportunity to express my deep appreciation to the outgoing Board Chairman and his team for their outstanding leadership in bringing ATIDI to such a level of performance,” prof. Kelly said.

    The new Vice Chairperson, Ms. Westholm-Schröder is Sovereign’s Chief Underwriter and Senior Vice President, with more than 35 years of experience in the political risk insurance industry. She is responsible for all aspects of Sovereign’s transactional underwriting and also leads Sovereign’s successful cooperation with multilaterals and export credit agencies.

    Welcoming the new Board of Directors, ATIDI CEO Manuel Moses the new board’s vision and leadership would be instrumental in guiding ATIDI’s future.

    “With the Board’s diverse expertise, we expect that we will drive impactful initiatives that foster sustainable trade and investment across Africa. This new leadership team will further enhance our outreach efforts and engage our stakeholders more effectively, creating a stronger and more connected community. Together, we are poised to make a significant difference in the economic landscape of the continent,” Mr. Manuel said.  

    Rating upgrade

    ATIDI was recently upgraded by Moody’s from A3/Positive to A2/Stable – while S&P affirmed its A/Stable rating, reflecting the organization’s strong financial management and strategic direction. This positive assessment positions ATIDI well as it implements its 2024-2027 strategy, which aims to expand its footprint and strengthen its impact across the region. The Board’s support will be crucial in navigating this ambitious strategy, ensuring that ATIDI leverages its strengths and address challenges effectively. Their insights and networks will be vital ATIDI seeks to build new partnerships and enhance its investment initiatives.

    MIL OSI – Submitted News

  • MIL-OSI Banking: Whispers from the Dark Web Cave. Cyberthreats in the Middle East

    Source: Securelist – Kaspersky

    Headline: Whispers from the Dark Web Cave. Cyberthreats in the Middle East

    The Kaspersky Digital Footprint Intelligence team analyzed cybersecurity threats coming from dark web cybercriminals who targeted businesses and governments in the Middle East in H1 2024. Our research highlights the most severe and pervasive threats, and identifies potential risks and consequences as well as defensive strategies.

    The report covers threats that targeted entities in the following countries and territories:

    • Bahrain;
    • Egypt;
    • Iraq;
    • Jordan;
    • Kuwait;
    • Lebanon;
    • Oman;
    • Palestine;
    • Qatar;
    • Saudi Arabia;
    • Syria;
    • United Arab Emirates.

    The five prevalent cybersecurity threats in the Middle East covered in the report are related to:

    • The activities of ideological pirates, or hacktivists. The region has seen exponential growth in these due to the current geopolitical situation, and they are getting ever more destructive.
    • The shadow jewelry fair, or the initial access broker market. Initial access brokers deal in attack entry points for corporate networks, which attract hackers and cybercrime gangs.
    • Deadly sandworms, or ransomware gangs. At least 19 gangs were active in the Middle East in H1 2024, conducting multiple ransomware attacks that typically led to devastating consequences.
    • The ubiquity of malicious whistleblowers, or information stealers. They provide adversaries with up-to-date data for future attacks, especially valid credentials for corporate systems. Almost 10 million lines of stolen credentials belonging to Middle Eastern entities were published on the dark web in H1 2024 alone. The figure includes 4.4 million lines of access information stolen from key government agencies.
    • Cave raiders who steal sensitive data from corporations and other targets and distribute it among cybercriminals. A quarter of all data breaches affect various government organizations.

    Staying aware of all possible risks coming from the dark web helps organizations and governments to be one step ahead of cybercriminals and thus, to prevent attacks or fraud that could compromise their network infrastructure or operational integrity.

    Out report will be beneficial for:

    • C-level managers;
    • Corporate security employees;
    • Risk management professionals;
    • Cyberthreat Intelligence (CTI) and SOC analysts;
    • Incident response professionals;
    • OSINT and darknet researchers.

    The full version of the report is available on Kaspersky Digital Footprint Intelligence website.

    MIL OSI Global Banks

  • MIL-OSI Economics: Whispers from the Dark Web Cave. Cyberthreats in the Middle East

    Source: Securelist – Kaspersky

    Headline: Whispers from the Dark Web Cave. Cyberthreats in the Middle East

    The Kaspersky Digital Footprint Intelligence team analyzed cybersecurity threats coming from dark web cybercriminals who targeted businesses and governments in the Middle East in H1 2024. Our research highlights the most severe and pervasive threats, and identifies potential risks and consequences as well as defensive strategies.

    The report covers threats that targeted entities in the following countries and territories:

    • Bahrain;
    • Egypt;
    • Iraq;
    • Jordan;
    • Kuwait;
    • Lebanon;
    • Oman;
    • Palestine;
    • Qatar;
    • Saudi Arabia;
    • Syria;
    • United Arab Emirates.

    The five prevalent cybersecurity threats in the Middle East covered in the report are related to:

    • The activities of ideological pirates, or hacktivists. The region has seen exponential growth in these due to the current geopolitical situation, and they are getting ever more destructive.
    • The shadow jewelry fair, or the initial access broker market. Initial access brokers deal in attack entry points for corporate networks, which attract hackers and cybercrime gangs.
    • Deadly sandworms, or ransomware gangs. At least 19 gangs were active in the Middle East in H1 2024, conducting multiple ransomware attacks that typically led to devastating consequences.
    • The ubiquity of malicious whistleblowers, or information stealers. They provide adversaries with up-to-date data for future attacks, especially valid credentials for corporate systems. Almost 10 million lines of stolen credentials belonging to Middle Eastern entities were published on the dark web in H1 2024 alone. The figure includes 4.4 million lines of access information stolen from key government agencies.
    • Cave raiders who steal sensitive data from corporations and other targets and distribute it among cybercriminals. A quarter of all data breaches affect various government organizations.

    Staying aware of all possible risks coming from the dark web helps organizations and governments to be one step ahead of cybercriminals and thus, to prevent attacks or fraud that could compromise their network infrastructure or operational integrity.

    Out report will be beneficial for:

    • C-level managers;
    • Corporate security employees;
    • Risk management professionals;
    • Cyberthreat Intelligence (CTI) and SOC analysts;
    • Incident response professionals;
    • OSINT and darknet researchers.

    The full version of the report is available on Kaspersky Digital Footprint Intelligence website.

    MIL OSI Economics

  • MIL-OSI Economics: Identity fraud using the name of Blockchain Consulting GmbH

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about services purportedly offered by the company Blockchain Consulting GmbH, based in Munich. Unknown perpetrators are using the company’s name without permission and are contacting consumers via telephone and e-mail. They are suspected of providing payment services.

    The perpetrators offer to enable purported trading profits to be paid out or to compensate for losses that have previously been incurred through investments on fraudulent trading platforms. In doing so, they attempt to persuade consumers to make payments for “taxes” or “fees” that are to be paid in advance. Based on the information currently available to BaFin, this is attempted fraud.

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

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

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

    MIL OSI Economics

  • MIL-OSI China: Remains of late Chinese leader Wu Bangguo cremated in Beijing

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

    BEIJING, Oct. 14 — The remains of Wu Bangguo, former chairman of the National People’s Congress Standing Committee, China’s top legislature, were cremated in Beijing on Monday.

    Xi Jinping, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, Li Xi, Han Zheng and other leaders paid their final respects to Wu at the Babaoshan Revolutionary Cemetery. Hu Jintao sent a wreath to express his condolences over Wu’s passing.

    Wu died of illness in Beijing on Oct. 8 at the age of 84.

    MIL OSI China News

  • MIL-OSI Australia: Remarks to launch of Sean Turnell’s Lowy Institute paper, ‘Best Laid Plans’

    Source: Australian Government – Minister of Foreign Affairs

    Even with my highest hopes, when I became Foreign Minister I would not have imagined in little more than two years I would be here with Sean, at his book launch.

    One of the very first tasks on my desk when I first became Foreign Minister was to get Sean out of prison in Myanmar.

    It was perfectly clear how difficult this would be. We all know how brutal and oppressive the regime in Myanmar is.

    We know the escalating conflict and worsening humanitarian crisis in Myanmar.

    We are all appalled by the reports of widespread human rights abuses and atrocities.

    According to a recent report of the United Nations High Commissioner for Human Rights on the situation in Myanmar, at least 5,350 civilians have been killed.

    And half of the population is living below the poverty line, primarily due to the military violence since the 2021 coup.

    And of course Sean had spent years working to improve the lives of the people of Myanmar.

    Working as an adviser to Aung San Suu Kyi, at the invitation of the elected government of the day, to serve the people of Myanmar, and help them realise their hopes for their country.

    His work reinforcing the catastrophic failure of the junta.

    And so there was not a lot of cause for optimism about Sean’s release.

    Sean’s return was an extraordinary moment of relief for all of his family, friends and supporters, as well as the Australian Government, our regional partners and ASEAN members. Each of whom played important roles in securing Sean’s release.

    The multifaceted nature of the work behind Sean’s release was one factor in my decision to ask my department to review its approach to supporting Australians detained in complex circumstances overseas.

    That review included consulting with partners, stakeholders, and former detainees to ensure our methods are fit for purpose.

    We have deeply appreciated our engagement with Sean as part of these efforts.

    We are now better equipped to manage these complex and often highly distressing cases, which we handle on a case-by-case basis to ensure the safety and protection of the individual.

    We don’t ever want to jeopardise the welfare or safety of an Australian overseas.

    We also recognise that a level of public understanding and in some cases, public pressure, can contribute to better outcomes.

    In my position, I have to make a judgment about the best way to balance these options, always with their welfare front of mind.

    Always considering the best way to deploy the full range of resources at Australia’s disposal when pushing to secure their release, and to support families back home.

    And always seeking ways to refine and improve on this work.

    I look to the Senate’s Inquiry into the wrongful detention of Australian citizens overseas to provide suggestions that are both constructive and principled.

    I note we are also joined tonight by Cheng Lei and Kylie Moore-Gilbert, who went through their own terrible experiences.

    And while there are certainly aspects in common, the approach in each case is different, uniquely tailored to the circumstances and the country in which they were detained.

    Sean, we are so grateful to have you back in the country and with us tonight, and of course to see you resume your work as a world-leading expert on Myanmar’s economy.

    Which brings me to this important book.

    ‘Best Laid Plans’ documents Sean’s work in Myanmar, and his efforts to help reform Myanmar’s economy in that brief period of democracy between 2015 and 2021.

    It illustrates the sheer scale and ambition of Sean’s work with so many dedicated reformers in Myanmar.

    And it reinforces the tragedy of the country’s trajectory since the military coup in 2021.

    That coup was the latest setback for Myanmar and its people, who had seen their hopes for their country supressed yet again, following attempts before 1962 and again in 1988 to forge a more democratic and inclusive future.

    The regime’s actions in 2021 reversed years of political, economic and development gains.

    It has created the largest and most complex crisis in the Indo-Pacific; with humanitarian, economic, political and security dimensions.

    And it has caused enormous suffering for the people of Myanmar.

    The UN estimates approximately a third of the population – some 18.6 million people – are in need of humanitarian assistance and more than 3.4 million are internally displaced.

    Today, I announce Australia will provide a further $9 million through the Australian Humanitarian Partnership, to support communities and conflict affected populations in Myanmar.

    This will aid the delivery of life-saving food, water and shelter, as well as essential protection, education and health services for those most in need, including women, girls and people with disabilities.

    In his book, Sean also reflects on the atrocities in Rakhine state, which precipitated so much of the continuing violence against and the ongoing targeting of Rohingyas who live there, by the regime and other actors.

    The plight of the Rohingya people deserves greater focus in our region – which is why I visited Cox’s Bazar in May this year to talk with community leaders and humanitarian workers who have experienced the consequences of the regime’s actions.

    The Rohingya crisis is Australia’s largest humanitarian response.

    With my announcement today, successive governments–both Labor and Coalition–will have contributed some $880 million in assistance for Rohingya, their host communities in Bangladesh and people across Myanmar since 2017.

    We support the rights of Rohingyas to live safely as citizens in Myanmar.

    We want to see conditions put in place that would allow Rohingyas to return in a voluntary, safe, dignified and sustainable way.

    And until such time as a safe and dignified return is possible, Australia will continue to support displaced Rohingyas in Bangladesh. 

    The Australian people are decent and want to help.

    We are generous with our humanitarian aid – but it is not a long-term answer.

    Reform is desperately needed to drive growth.

    As Sean shows us in this book, Myanmar’s economy continues to face a range of constraints.

    The World Bank forecasts GDP growth of one per cent in 2024-25 financial year, a revision from 2023 projection of 2 percent growth.

    Businesses face operational difficulties as a result of foreign currency, labour and electricity shortages and rapidly rising prices.

    And conflict has enabled illicit economic activities to thrive, including narcotics production, scam centres and human trafficking.

    The regime is losing ground, but there is no sign its position is softening.

    Despite territorial losses and a bleak economic outlook, the regime has not changed its approach.

    And opposition groups are divided.

    As a result, Myanmar is at risk of further fragmentation.

    The current trajectory is not sustainable for the regime or for the region.

    We want the regime to take a different path–to fulfil its commitment under ASEAN’s Five Point Consensus, and engage meaningfully and positively with ASEAN representatives.

    There must be much more safe access for humanitarian assistance across the country, so that all those who are in need can receive support.

    There must be an end to the violence, including the targeting of civilians.

    The regime’s violent repression of its people is why the Albanese Government has applied sanctions on key members of the regime responsible for atrocities, as well as on commercial entities with direct links to the Myanmar military regime and why we will continue to keep our targeted sanctions towards Myanmar under review.

    But sanctions can only achieve so much.

    Genuine, inclusive dialogue is vital to any political resolution – as out of reach as that seems now.

    Ultimately, a political resolution in Myanmar will require dialogue between all the actors, including the regime, and a genuine willingness for a legitimate return to civilian-led democratic government.

    I have said before that we can’t only deal with those who share our views if we are to effect change.

    That was our approach in engaging with the Myanmar regime to secure Sean’s release.

    Which is why in 2022, ahead of Sean’s release, I spoke twice directly with the regime’s then-Foreign Minister, U Wunna Maung Lwin.

    Not just to argue for a positive outcome for Sean, but so I could directly register Australia’s objections to the regime’s actions.

    I also met earlier this year with the National Unity Government’s Minister for Foreign Affairs, Madam Zin Mar Aung.

    Peace requires dialogue, which is why Australia will continue to engage with and listen to the many groups and voices working for democracy in Myanmar, including but not limited to the NUG. And why we will continue to support inclusive dialogues that lay the groundwork for future political transitions.

    Australia stands ready to work with ASEAN and other partners to find pathways that may encourage dialogue between all players, to lend our voice to messages to the regime to take a different path, and to bring to the table any support that will help make a difference. 

    We are also supporting efforts to strengthen civil society and build resilience, along with local-level governance initiatives for communities in areas outside regime control.

    We do all this because as Sean so powerfully reminds us, the people of Myanmar have not lost hope for their country – so we must not lose hope in them.

    We must remain resolute in our support for the people of Myanmar. They have demonstrated their courage and commitment to democracy in decades’ long struggles, with determined resilience in the face of the most horrific adversity.

    Tonight we celebrate not just Sean’s contribution, but all those in Myanmar who continue to work for change.

    We stand with them, and share their ambitions for a better future.

    Sean, congratulations on this achievement.

    We admire your dedication and ongoing commitment to the people of Myanmar.

    It is my pleasure to officially launch your book.

    MIL OSI News

  • MIL-OSI China: Beijing’s payment facilitation services benefit international visitors

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

    BEIJING, Oct. 14 — Starting from the second half of this year, a series of payment facilitation services in Beijing have greatly benefited daily transportation, shopping and sightseeing of foreigners in the city.

    On Sept. 13, the Chinese capital took the lead in the Chinese mainland to support the use of foreign bank cards for its subway travel. Without the need to purchase tickets or download any mobile apps, foreign visitors can swipe their overseas issued MasterCard or Visa cards to ride on the city’s all urban rail lines and its suburban railway S2 line.

    Over the past month, the cumulative number of entries using foreign cards for subway access has reached 31,400, with 1,046 such individual passengers on average per day, according to the city’s railway authorities.

    On July 31, the city introduced the Beijing Pass — a multi-purpose card designed to enhance convenience for international visitors by simplifying payments for transportation, tourist sites and shopping centers.

    As of now, 12,979 Beijing Pass cards have been issued since its trial launch, including 6,031 physical cards and 6,948 mobile NFC cards activated online through the “SilkPass” app. The cumulative number of transactions via the Beijing Pass has reached 117,000, with the highest frequency of use recorded in public transportation scenarios.

    Besides, Beijing now has 24 stations along 11 rail transit lines equipped with translation devices as part of a pilot program. Station staff also regularly undergo foreign language oral training to provide foreign passengers with more accurate and comprehensive information.

    The city’s public bus routes now provide bilingual reminders in both Chinese and English. Its major ride-hailing service providers have launched English versions of their apps, which support international payment means like MasterCard and Visa.

    In the near future, Beijing’s rail transit is expected to introduce an international version of its app that allows registration with foreign mobile numbers and supports QR code scanning for entry and exit. Public buses and taxis in the city will also continue to refine their services for foreign passengers, offering a richer and more diverse range of travel options, said local authorities.

    As one of China’s top tourist destinations, Beijing received more than 1.65 million inbound tourists in the first half of this year, up 245.6 percent year on year, according to official data.

    MIL OSI China News

  • MIL-OSI Russia: Mongolia: Concluding Statement of the 2024 IMF Staff Visit

    Source: IMF – News in Russian

    October 14, 2024

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    • A critical priority for the new coalition government is to manage the current commodity boom prudently to effectively implement its ambitious reform and investment agenda.
    • Building external and fiscal buffers will help create the necessary policy space to implement the ambitious investment program and other reforms in line with the economy’s absorptive capacity while maintaining external and internal balance. In the current situation, achieving these goals requires fiscal policy tightening, adherence to fiscal rules, tight monetary and macroprudential policies, and enhanced financial supervision.
    • Progress on soft infrastructure related to legislative, regulatory, and institutional frameworks is just as important as building hard infrastructure, to strengthen the business climate and governance. Priorities include upgrading important regulations, ensuring regulatory coherence, and boosting central bank operational independence. The introduction of a nominal debt ceiling with strong deterrence is a major and welcome step forward. So will be the planned and overdue energy tariff reforms, which will be essential to ensure reliable national energy supply. Infrastructure projects should be well prioritized and effectively implemented with proper feasibility studies, strengthened medium-term fiscal planning and sound public investment management.

    The economy: A commodity boom

    A booming mining sector, record high coal exports, and strong household and government spending have led to buoyant economic activity despite a large contraction in agriculture due to the severe winter. The large and permanent wage and pension increases in the 2023−2024 budgets, large dividend payouts by Erdenes Tavan Tolgoi, government support programs, and a minimum wage hike helped raise household incomes and salary‑backed consumer credit, boosting consumption and imports. Strong revenue collection and backloaded capex registration have contributed to a budget surplus despite significant public spending increases. Public debt declined to 47 percent of GDP at end-2023, consistent with IMF staff estimates of the appropriate debt anchor for Mongolia.

    Headline inflation has eased and lies within the BOM’s 6±2 target band. The decline is largely due to softer import prices, supported by a small exchange rate (ER) appreciation, and has led to policy rate cuts. However, core inflation remains sticky and has ticked up to the upper limit of the target band in August. Moreover, credit growth in the bank and non-bank financial (NBFI) sectors, especially consumer loans, has been rapid, exceeding long-term trends and has prompted the BOM to tighten reserve requirements and debt service to income (DSTI) limits for consumer loans. Household debt is rising rapidly, especially for some segments of borrowers.

    External vulnerabilities declined despite a marked deterioration in the current account deficit due to strong imports and softer coal export prices. FDI and other financing inflows have helped support gross international reserves (GIR) which remains broadly at end-2023 levels (US$4.7 billion at end-August, 3.3 months of imports or 96 percent of the ARA metric). Well-executed external debt refinancing and the BOM’s repayment of half of the outstanding PBOC swap line have reduced external debt risks, resulting in a sovereign credit ratings upgrade.

    Outlook: Continuing commodity boom, robust growth, but rising imbalances

    Growth is expected to remain robust in 2024−25 reflecting strong mining sector growth, bolstered by the increased production of higher‑grade copper and stronger coal exports to China, and the expansionary, and procyclical 2024 supplementary and draft 2025 budgets. Assuming the government’s spending plans on mega projects[1] is gradually phased in in line with external financing, fiscal deficits are expected to rise through 2029, raising gross financing needs, public debt, and fiscal risks. The output gap is estimated to remain positive through 2028.

    Expansionary fiscal policies are likely to widen Mongolia’s external and internal imbalances. Inflation is expected to continue to rise in 2024H2 and remain above target till 2026 due to the lagged effects of the substantial fiscal stimulus in the pipeline, additional stimulus from the 2024 supplementary and 2025 budgets, energy tariff increases, and strong credit growth. Current account deficits are expected to persist due to the high import intensity of investment projects, reducing GIR buffers, despite FDI and new external borrowing. 

    The forecasts are subject to considerable uncertainty related to the implementation pace, financing, and private sector participation in mega projects, which is still under discussion. The greater the reliance on domestic financing, the larger the impact on GIR, ER, and inflation given the high import intensity of capex. However, procuring external financing to the tune of 67 percent of 2024 GDP within 4−5 years will be difficult. Realistically, therefore, investments are likely to proceed gradually, as implementation runs into capacity and financing constraints, thereby improving macroeconomic outcomes relative to current forecasts.

    The outlook is also subject to downside risks stemming from commodity price volatility, uncertainty related to Chinese demand for coal, disruptions in fuel imports from Russia, and delays at China’s Tianjin port, a major transit point for Mongolia’s imports. Potential production and export delays in copper due to regulatory and procedural barriers pose risks. Natural disasters and geopolitical developments add uncertainty. On the upside, commodity prices or exports to China could be stronger than expected, especially in the near term. Moreover, new mining production could come onstream over the medium-term, boosting exports.

    Policies: Prudent commodity boom management to sustain growth momentum

    A. Fiscal tightening and adherence to fiscal rules: the top policy priority

    Fiscal policy tightening is necessary to ensure external and internal balance, build buffers during the current boom and to reduce the burden on monetary policy in confronting inflationary risks. To achieve fiscal consolidation while boosting investment, additional measures are needed to reduce current spending and boost non-mining revenues, such as containing the wage bill, targeting social assistance, increasing progressivity in personal income taxes, reducing tax exemptions, and tax and customs administration reforms (IMF 2023 Report).

    Reorienting spending toward infrastructure investment could enhance productivity, provided it is well managed and aligned with the economy’s absorptive capacity. The government should proceed cautiously given Mongolia’s external vulnerabilities, import dependence, limited domestic financing capacity, tighter global financing conditions, and weaknesses in public investment management (PIM). Building buffers during the boom helps create the fiscal space for a gradual, more effective implementation of critical public investment priorities. A more effective Medium-Term Fiscal Framework (MTFF) including capital expenditures is needed to guide capital spending and anchor fiscal and external risks. Investments should be well-prioritized based on proper feasibility studies, with sound implementation of PIM and PPP legislative frameworks to avoid corruption and unproductive projects.

    The adoption of a nominal debt ceiling of 60 percent of GDP is a major step forward in strengthening Mongolia’s fiscal rules, as it boosts transparency and accountability, and includes strong deterrence measures. Retaining the structural deficit ceiling helps contain excessive deteriorations in fiscal balances. Nevertheless, neither rule will be able to constrain spending sufficiently in the near term since the debt limit is not binding at present. The procyclicality of the new expenditure rules helps support spending when the economy is booming, and requires spending cuts when it is not, thereby aggravating economic cycles. The rules will need to place some constraints on total spending, which would also preempt potential spending misclassifications (IMF staff stand ready to assist the government in developing appropriate total spending constraints that could allow the government to undertake spending related to its reform and investment plans). Frequent changes in fiscal rules should be avoided as they undermine the effectiveness of the rules as a policy anchor.

    B. Ensuring tighter domestic financial conditions

    Monetary and macroprudential policies should continue to ensure that domestic financial conditions remain tight. Given the expected rise in inflation in the absence of fiscal consolidation, the BOM should ensure real policy rates remain high until there is greater certainty regarding the stabilization of inflation within the target band. In this regard, maintaining an unchanged monetary policy stance in September 2024 would have been better aligned with the BOM’s assessment of the inflationary outlook. The tightening of DSTI limits and reserve requirements to slow excessive credit growth in the banking sector, on the other hand, were timely and appropriate measures, though more maybe needed (below). The government’s plans to resume domestic debt issuances to establish a yield curve should help improve monetary policy transmission.

    C. Building external buffers to strengthen resilience, increase policy space for reforms

    External buffers should be increased to strengthen resilience to external shocks and create the room for an effective implementation of the government’s reform priorities. The BOM should allow greater ER flexibility to help absorb external shocks. The government should use its ability to monitor export contracts to better enforce SOE repatriation and the currency settlement law and undertake reforms to attract new FDI and external private financing (below). The newly established BOM-MOF-MOED working group to align the pace of investments with external stability considerations, is an excellent initiative and should help inform the government’s investment plans and the MTFF.

    D. Ensuring a sound financial sector

    Financial sector supervision should remain vigilant about emerging risks, notably credit risk, given the exceptionally strong credit growth across the financial sector. Enhanced financial soundness indicators during periods of strong economic and rapid credit growth can mask underlying vulnerabilities. It would be important to align the planned reduction in DSTI limits for NBFIs with the lower bank DSTI limits rapidly to prevent regulatory arbitrage to contain explosive consumer credit growth. Supervisors should ensure that DSTI limits are being effectively enforced, accelerate the use of FICO credit scoring, and discourage over‑leveraged consumers from additional borrowing by improving financial literacy. Adherence to NBFI regulations and a rapid approval of the upgraded NBFI regulatory framework would help reduce risks. BOM and FRC supervisors should identify and reduce interlinkages between banks and NBFIs to pre-emptively reduce financial sector vulnerabilities and systemic risks including through targeted onsite supervisions and special provisioning requirements, if necessary. The BOM Governor should be allowed to exercise powers granted by the Central Bank Law to nominate key personnel responsible for financial sector supervisory oversight immediately to facilitate financial sector risk management and reforms.

    The financial sector’s ability to lend to credit worthy entities should be strengthened through broader reforms. Insolvency and creditor rights must be improved to assist financial sector institutions address poor asset quality expeditiously. To keep banking sector reforms on track to meet the new end-2026 deadline, the BOM should continue to monitor the development of time-bound plans for shareholder diversification. Shareholder limits should be increased to ensure the effective management and operation of banks, including by allowing selected IFIs to invest in multiple banks.

    E. Strengthening soft infrastructure is just as important for sustainable growth

    Improving Mongolia’s business climate and governance is critical for strong and sustainable growth. Key priorities for soft infrastructure reform are—a strengthened Investment Law to cut red tape; accelerated overhaul of the Minerals Law; and approval of amendments to the SOE, Insolvency and the draft Whistleblower Laws. Effective enforcement of SOE governance reforms, and a strong judiciary is also necessary, as is ensuring the operational independence of BOM. The planned energy tariff reform is long overdue and necessary to secure energy supply to households and businesses while boosting long-term growth. Tariff increases should be well communicated, appropriately paced, and supported by targeted but temporary assistance to poor households to alleviate transition costs. Ensuring regulatory coherence with tax laws and effective tax dispute resolution processes would facilitate the operation of existing FDI projects and attract new FDI. The new Sovereign Wealth Fund is welcome but a strong governance framework for its sub-funds should be quickly established.

    An IMF team visited Ulaanbaatar to conduct the discussions during September 25–October 1, 2024. The IMF mission would like to thank the Mongolian authorities for frank and constructive discussions and their kind hospitality.

    Table 1. Mongolia: Selected Economic and Financial Indicators, 2021−29

     

    2021

    2022

    2023

     

    2024

    2025

    2026

    2027

    2028

    2029

    Actual

    Projections

           

    (In percent of GDP, unless otherwise indicated)

     

    National Accounts

           

       Nominal GDP (in USD million)

    15,286

    17,146

    20,315

    23,669

    27,242

    29,120

    31,569

    34,024

    36,400

       Real GDP growth (percent change)

    1.6

    5.0

    7.4

    5.5

    7.0

    6.0

    5.5

    5.5

    5.0

       Contributions to Real GDP (ppts)

           

          Domestic Demand

    17.6

    11.4

    5.6

     

    20.2

    8.3

    7.6

    10.0

    8.8

    7.2

             Exports of G&S

    -7.5

    13.9

    17.9

     

    1.6

    7.3

    6.5

    0.9

    2.8

    4.5

             Imports of G&S

    -8.5

    -20.3

    -16.2

     

    -16.4

    -8.6

    -8.2

    -5.4

    -6.1

    -6.6

             

       Consumption

    67.9

    65.8

    57.5

     

    61.5

    60.4

    61.5

    63.0

    63.6

    63.2

    Private

    53.0

    51.9

    44.5

     

    46.7

    45.8

    47.1

    48.7

    49.4

    48.9

    Public

    14.9

    13.9

    13.0

     

    14.7

    14.6

    14.4

    14.3

    14.2

    14.2

       Gross Capital Formation

    36.7

    42.3

    33.9

     

    35.9

    35.4

    35.3

    35.5

    35.8

    36.0

     Gross Fixed Capital Formation

    26.8

    29.8

    25.3

     

    26.6

    28.4

    29.3

    29.3

    29.6

    29.8

    Public

    6.8

    7.1

    7.4

     

    9.9

    10.3

    10.0

    10.0

    10.0

    10.0

    FDI

    13.5

    14.2

    10.7

     

    8.6

    9.3

    10.3

    9.9

    9.4

    9.1

    Domestic Private (including SOEs)

    6.5

    8.6

    7.3

     

    8.1

    8.8

    9.0

    9.4

    10.2

    10.6

       Gross national saving

    22.9

    28.9

    34.5

     

    29.0

    27.7

    27.0

    26.3

    26.2

    26.7

                         

    Prices

                       

       Consumer Prices (Avg; percent change) 1/

    7.4

    15.2

    10.3

     

    6.5

    9.0

    8.3

    7.6

    7.2

    6.7

       Consumer Prices (EoP; percent change) 1/

    13.9

    13.2

    7.9

     

    7.5

    9.5

    7.6

    7.5

    6.8

    6.5

       Copper prices (US$ per ton)

    9317

    8829

    8491

     

    9298

    9450

    9550

    9584

    9584

    9584

       Coal prices (US$ per ton)

    150

    123

    131

     

    115

    105

    105

    105

    105

    105

       GDP deflator (percent change)

    14.4

    17.7

    21.8

    10.0

    8.9

    6.7

    8.1

    7.1

    6.6

    General government accounts

       Primary balance (IMF definition)

    9.7

    2.2

    4.3

    1.8

    0.3

    0.3

    -0.3

    -0.4

    -0.1

       Total revenue and grants

    32.8

    34.4

    34.6

    37.6

    36.5

    35.6

    34.7

    34.4

    34.8

       Primary expenditure and net lending

    23.2

    32.2

    30.3

    35.9

    36.2

    35.4

    35.0

    34.9

    34.9

       Interest

    1.9

    1.5

    1.6

    1.4

    1.3

    1.3

    1.5

    1.5

    1.6

       Overall balance (IMF definition)

    7.8

    0.7

    2.7

    0.4

    -1.0

    -1.1

    -1.8

    -2.0

    -1.7

    Non-mineral primary balance (in percent of GDP)

    2.0

    -6.3

    -5.7

    -10.3

    -11.1

    -10.6

    -10.4

    -10.2

    -9.9

       Gross financing needs

    2.5

    3.8

    15.3

    5.2

    4.1

    10.1

    7.1

    7.8

    7.0

       General government debt 2/

    67.7

    64.5

    46.8

    42.4

    40.0

    40.7

    42.4

    44.8

    47.3

          Domestic

    3.2

    4.4

    3.4

    3.6

    3.0

    3.3

    3.5

    3.8

    4.0

          External

    64.6

    60.1

    43.4

    38.7

    37.0

    37.5

    38.9

    41.0

    43.3

    Monetary sector

    Broad money growth (percent change)

    13.8

    6.5

    26.8

    20.0

    15.9

    11.9

    12.3

    11.8

    14.2

    Reserve money growth (percent change)

    6.5

    39.9

    7.4

    20.1

    13.7

    11.9

    12.3

    11.8

    12.1

    Credit growth (percent change)

    18.1

    8.6

    22.0

    24.0

    16.0

    14.2

    13.5

    13.5

    13.5

    Balance of payments

    Current account balance

    -13.8

    -13.4

    0.6

    -6.9

    -7.7

    -8.3

    -9.2

    -9.5

    -9.3

    Exports of goods 3/

    53.2

    57.5

    68.5

    62.7

    60.0

    58.9

    55.1

    53.1

    53.3

    Imports of goods

    44.3

    50.3

    46.1

    48.8

    45.4

    45.4

    43.7

    43.7

    43.7

    Gross official reserves (in USD million) 4/

    4366

    3400

    4921

    5027

    5140

    5828

    6736

    7159

    7580

          (In months of imports)

    4.3

    3.0

    3.7

     

    3.6

    3.4

    3.7

    4.0

    4.0

    4.0

    Net International Reserves (NIR) 7/

    779.1

    -796.6

    570.3

     

    (net of bank’s FX deposits held at the BOM)

    3612

    1949

    3612

     

    Net international reserves (NIR) 5/

    779

    -797

    720

                 

    Exchange rate

                       

    Togrog per U.S. dollar (eop)

    2849

    3445

    3411

     

                         

    Sources: Mongolian authorities; and IMF staff projections.                                                                                                                                      

       

    1/ Will be revised to reflect planned energy subsidy removal.

    2/ Excludes BOM liabilities to PBOC. Domestic debt includes government’s liabilities to BOM related to the TDB settlement with regard to Erdenet as well as DBM’s domestic FX borrowing and DBM’s borrowing from BOM.

    3/ The projections assume coal export volumes for 2024 and 2025 in line with the 2025 medium-term fiscal framework (75 and 80 million tons, respectively), gradually rising to 95 million tons by 2029, reflecting higher coal demand from China and better coal transportation services; Oyu Tolgoi’s revised medium-term copper production and FDI plans; and updated information on SOE off-take contracts.

    4/ Gross official reserves includes drawings from the PBOC swap line and IMF SDR allocation in 2021.

    5/ NIR is defined as GIR excl. commercial banks’ and government’s US$ deposits held at the BOM, the PBOC swap line, and liabilities to the IMF.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/14/mcs-mongolia-concluding-statement-of-the-2024-imf-staff-visit

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Hate Crime Awareness Week

    Source: City of Coventry

    This week is Hate Crime Awareness Week and it’s important we all understand this issue.

    A hate crime is a criminal offence that is motivated by hostility and prejudice towards somebody because of their:

    •  Transgender identity
    •  Sexual orientation
    •  Disability
    •  Race
    •  Religion or belief

    Hate crimes can include verbal abuse, physical assault, online abuse and damage to property.

    Anyone can be a victim of hate. These crimes can also take place anywhere – at home, out in public, online, at work or at school.

    If you have experienced a hate crime or incident, you can:

    • Call 999 if you are in danger, threats have been made against you or if a crime is in progress
    •  For non-emergencies, call 101
    •  Webchat with the police at http://www.westmidlands.police.uk
    •  Visit your local police station

    It’s incredibly important that hate crimes are reported. If you’ve been a victim and are uncomfortable reporting the incident to the police, then you can visit our Family Hubs and Libraries who will be able to assist.

    To help people get a greater understanding of Hate Crime, West Midlands Police have produced this short video. 

    Published: Monday, 14th October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council support for Recycle Week 2024

    Source: Northern Ireland City of Armagh

    Armagh City, Banbridge and Craigavon (ABC) Borough Council is delighted to join this year’s Recycle Week (14 – 20 October) to celebrate the efforts of our residents and help save five packaging heroes from the rubbish bin.

    Now in its twenty-first year, Recycle Week (organised by Recycle Now) is the biggest celebration of recycling, shining a light on the nation’s recycling habits through activities happening across the country.

    For Recycle Week 2024, ABC Council is joining the crusade to save five packaging heroes from being rubbished and keeping them out of the bin and living the circular life, through recycling.

    The latest Recycle Now research shows that while we’re a nation of recyclers – nine out of ten people regularly recycle – nearly eight out of ten of us (79%) put one or more items into the bin that could have been recycled.

    Recycle Now has created a team of five characters to bring the campaign to life and is asking everyone to Rescue Me – Recycle.

    The condemned containers include Dee Dee the deodorant, Rey the plastic trigger spray, Yogi the yoghurt pot, Fitz the perfume bottle and humble Hube – the toilet roll tube.

    Through a series of online social media posts, ABC Council will be encouraging residents/customers to keep these five characters in circulation by recycling. Our recycling officers will also be holding a ‘Plastic Free/Alternative to Plastic Event’ in Tesco, Lurgan on Friday 18 October from 10am – 1pm, where they will offer lots of helpful tips and advice to help you recycle more effectively.

    Lord Mayor of ABC Borough, Cllr Sarah Duffy, gave her support to the campaign. She said: “Recycle Week is an opportunity to focus on the many positive benefits of recycling. As a council we are committed to sustainability and recycling is an important way of protecting our environment as well as combating climate change.”

    Craig Stephens, Senior Campaign Manager for Recycle Now, said: “Keeping these materials circulating means we can reduce emissions linked with our weekly shop. Every aerosol, every trigger spray bottle, every plastic pot, perfume bottle and toilet roll tube. Rescue – recycle!”

    To get involved in the campaign, follow ABC Council’s social media channels and you can also use the hashtag #RescueMeRecycle and #RecycleWeek. Find out more about Recycle Week: http://www.recyclenow.com/RecycleWeek

    MIL OSI United Kingdom

  • MIL-OSI: Sydbank share buyback programme: transactions in week 41

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 48/2024

    Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk

    14 October 2024  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 41
    On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    2,336,000

     

    830,116,180.00

    07 October 2024
    08 October 2024
    09 October 2024
    10 October 2024
    11 October 2024
    17,000
    17,000
    17,000
    16,000
    16,000
    325.14
    324.75
    323.67
    327.10
    330.06
    5,527,380.00
    5,520,750.00
    5,502,390.00
    5,233,600.00
    5,280,960.00
    Total over week 41 83,000   27,065,080.00
    Total accumulated during the
    share buyback programme

    2,419,000

     

    857,181,260.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 2,418,890 own shares, equal to til 4.43% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network

  • MIL-OSI Asia-Pac: Family-focused scheme launches

    Source: Hong Kong Information Services

    The Home & Youth Affairs Bureau and the Family Council today launched a new five-year “Funding Scheme on the Promotion of Family Education”, and invited applications to it for 2024-25.

    The scheme seeks to subsidise non-profit-making family education projects in the community, thereby promoting family values and enhancing family well-being and social harmony.

    The funding cap for each 12-month projects is $800,000. while the cap for an 18-month project is $1.2million.

    The scheme covers various family-related themes, including education for new parents, parent-child education, maintenance of family relationships, strengthening of family cohesion and solidarity, inheritance of good family values and traditional virtues, and marriage-related subjects.

    Applicants may also apply for funding to organise projects with other family-related themes as required.

    The deadline for 2024-25 applications is November 22.

    Click here for details.

    MIL OSI Asia Pacific News

  • MIL-OSI Video: UK Watch live: Science Minister Lord Vallance of Balham speaks to the Science and Technology Committee

    Source: United Kingdom UK House of Lords (video statements)

    The House of Lords Science and Technology Committee questions Sir Patrick Vallance, now Lord Vallance of Balham, on his general responsibilities as Minister for Science and issues related to its ongoing inquiry into engineering biology. Watch live from 10:15am on Tuesday 15 October.

    Find out more about the inquiry https://committees.parliament.uk/event/21940/formal-meeting-oral-evidence-session/

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • Twitter: https://twitter.com/UKHouseofLords
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament #StateOpening

    https://www.youtube.com/watch?v=Ilw6RTPUsSs

    MIL OSI Video