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  • MIL-OSI: The Mahjong Portal for Seniors. SharpMind Games, a gaming company from Christchurch, is announcing the launch of a new gaming portal.

    Source: GlobeNewswire (MIL-OSI)

    CHRISTCHURCH, New Zealand, Oct. 11, 2024 (GLOBE NEWSWIRE) — Christchurch gaming industry news

    New Zealand has its own online gaming portal for seniors with this new Mahjong portal designed primarily for elderly players aged 65+. The goal of this project was to create the best Mahjong game tailored to the specific needs of our senior audience, helping them easily interact with the game elements.

    According to the latest studies, Mahjong solitaire and other similar puzzle games, when played regularly, can help prevent neurological conditions associated with cognitive decline and may even enhance cognitive function. For instance, a study published in Frontiers in Neurology by the National Institute of Health demonstrated that playing Mahjong for 12 weeks improved executive function in elderly individuals with mild cognitive impairment (Zhang et al., 2020).

    The senior audience can significantly benefit from playing online puzzle games like Mahjong. However, many seniors find it difficult, or even impossible, to play modern browser games due to various challenges such as vision problems and limited hand or finger mobility. For example, vision problems can make it hard to distinguish game elements on the screen. Or it can be difficult, and sometimes even painful, to click mouse buttons due to limited finger mobility. In response, SharpMind created a web-site to allow the largest number of senior players to enjoy the game comfortably.

    The main factors considered during the development of the new product were the following:

    • Availability of special high-contrast modes for people with vision impairments,
    • Ability to scale elements and customize the interface to personal preferences,
    • Brightness and contrast adjustment options for UI and game board elements,
    • High-quality customer support, recognizing that elderly users may be less familiar with modern technical environments and may need patient, friendly assistance,
    • Additional features such as special tile layouts, relaxing music, and more.

    As a result, TheMahjong.com addresses all these needs, providing senior players with a highly comfortable Mahjong online gaming experience.

    TheMahjong.com is another great game for seniors joining alongside TheJigsawPuzzles.com in its home of New Zealand.

    According to Quantcast, their site TheJigsawPuzzles.com is the most popular entertainment website in the U.S. for people aged 65+, and it ranks among the top five overall websites in the U.S. for a senior audience.

    Contact information: yurilukas@shaprmind.com or call +64 21 157 6470

    A photo accompanying this announcement is available at 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4def66fc-5c87-43eb-aedd-7940440d03d5

    The MIL Network

  • MIL-OSI USA: CHIPS National Advanced Packaging Manufacturing Program (NAPMP) Proposer’s Day

    Source: US Government research organizations

    Purpose

    The Proposer’s Day is intended to familiarize potential applicants with the objectives and structure of the NAPMP Advanced Packaging Research and Development Notice of Intent (NOI), published on July 19, 2024. It will bring potential applicants together in a collaborative atmosphere to network and support partnerships among the community. 

    Who should attend

    On July 19, 2024, CHIPS R&D released a Notice of Intent (NOI) to invest up to $1.55 billion for funding across the five research and development areas (RDAs) outlined in the NAPMP vision paper. CHIPS R&D expects to issue a Notice of Funding Opportunity (NOFO) to solicit proposals for activities that will establish and accelerate domestic advanced packaging through investments in five RDAs: (1) Equipment, Tools, Processes, and Process Integration; (2) Power Delivery and Thermal Management; (3) Connector Technology, including Photonics and Radio Frequency (RF); (4) Chiplets Ecosystem; and (5) Co-design/Electronic Design Automation (EDA). 

    Audience

    For industry representatives, technical experts, researchers, and semiconductor industry alliances. CHIPS R&D expects eligible lead applicants and subrecipients will include for-profit organizations; non-profit organizations; accredited institutions of higher education, including community and technical colleges and minority serving institutions; and state, local, territorial, and Tribal government. It is expected that the NOFO will require that applicants must be domestic entities, meaning entities incorporated in the United States (including U.S. territories) with their principal place of business in the United States, including U.S. territories, and will potentially be subject to other eligibility requirements. 

    MIL OSI USA News

  • MIL-OSI New Zealand: Auckland Council appoints Watercare board chair

    Source: Auckland Council

    Auckland Council’s Performance and Appointments Committee today appointed Geoff Hunt to be the chair of the Watercare Services Limited Board with effect from 12 October 2024.

    A ‘revisited’ appointment

    The council revisited its process to appoint the chair following a judicial review of the process undertaken for the appointment earlier this year. The outcome of that process was that the High Court set aside the appointment of the chair made on 25 June 2024.

    The judgment did not direct concern toward the appointment itself, but rather the process that was followed to complete the appointment.

    “Ensuring the appropriate appointment practices are in place, and carried out, to deliver well-governed council-controlled organisations is a priority for us and we have adjusted our processes accordingly,” says Alastair Cameron, the council’s Manager CCO/External Partnerships team.

    The Performance and Appointments Committee is responsible for all appointments to the boards of council-controlled organisations, in accordance with the council’s Appointment and Remuneration Policy for Board Members and the Local Government Act.

    About Geoff Hunt

    Geoff’s career has been mainly in construction, operation, and maintenance of critical infrastructure. Over a 27-year period he has been CEO of four successful New Zealand-based companies operating in these areas. He has worked in the UK and the USA and has been involved in project delivery and infrastructure maintenance services in Australia, the Pacific, Melanesia, and SE Asia.

    Geoff has worked in and held governance roles in both the government and private sectors and in industry bodies. He is currently a New Zealand Infrastructure Commission board member and director of two privately owned business providing materials to the construction sector. Through Geoff Hunt Consulting Ltd he advises on business performance improvement, staff relations and development, construction project delivery, and construction sector dispute resolution.

    Geoff has a master’s degree in engineering, is an Engineering New Zealand Distinguished Fellow and a member of the Institute of Directors.

    MIL OSI New Zealand News

  • MIL-Evening Report: The government’s social media ban for kids will exempt ‘low-risk’ platforms. What does that mean?

    Source: The Conversation (Au and NZ) – By Lisa M. Given, Professor of Information Sciences & Director, Social Change Enabling Impact Platform, RMIT University

    BAZA Production/Shutterstock

    In a speech to the New South Wales and South Australian government social media summit today, Federal Minister for Communications Michelle Rowland announced more details of how the federal government’s proposed social media ban would actually work.

    The government first announced the ban last month, shortly after SA said it will ban children under 14 from social media. But experts have heavily criticised the idea, and this week more than 120 experts from Australia and overseas wrote an open letter to Prime Minister Anthony Albanese and state and territory premiers urging a rethink.

    Despite this, the government appears to be ploughing ahead with the proposed ban. The details Rowland announced today do not meaningfully address many of the criticisms made over the past few weeks.

    In fact, they actually raise new problems.

    What are the details of the social media ban?

    In her speech, Rowland said the government will amend the Online Safety Act to “place the onus on platforms, not parents or young people” to enforce the proposed social media ban.

    The changes will be implemented over 12 months to give industry and the regulator time to implement key processes.

    The government says it “will set parameters to guide platforms in designing social media that allows connections, but not harms, to flourish”. These parameters could address some of the “addictive” features of these platforms, for instance by limiting potential harms by prioritising content feeds from accounts people follow, or making age-appropriate versions of their apps.

    The government is also considering an:

    exemption framework to accommodate access for social media services that demonstrate a low risk of harm to children.

    The problem with “low risk”

    But allowing young people to access social media platforms that have a demonstrated “low risk of harm” is fraught with issues.

    Risk is difficult to define – especially when it comes to social media.

    As I explained earlier this year around potential harms of artificial intelligence, risk “sits on a spectrum and is not absolute”. Risk cannot be determined simply by considering a social media platform itself, or by knowing the age of the person using it. What’s risky for one person may not be risky for someone else.

    How, then, will the government determine which social media platforms have a “low risk of harm”?

    Simply focusing on technical changes to social media platform design in determining what constitutes “low risk” will not address key areas of potential harm. This may give parents a false sense of security when it comes to the “low-risk” solutions technology companies offer.

    Let’s assume for a moment that Meta’s new “teen-friendly” Instagram accounts qualify as having a “low risk of harm” and young people would still be allowed to use them.

    The teen version of Instagram will be set to private by default and have stronger content restrictions in place than regular accounts. It will also allow parents to see the categories of content children are accessing, and the accounts they follow, but will still require parental oversight.

    But this doesn’t solve the risk problem.

    There will still be harmful content on social media. And young people will still be exposed to it when they are old enough to have an unrestricted account, potentially without the support and guidance they need to safely engage with it. If children don’t gain necessary skills for navigating social media at an early age, potential harms may be deferred, rather than addressed and safely negotiated with parental support.

    A better approach

    The harmful content on social media platforms doesn’t just pose a risk to young people. It poses a risk to everybody – adults included. For this reason, the government’s heavy focus on encouraging platforms to demonstrate a “low risk of harm” only to young people seems a little misguided.

    A better approach would be to strive to ensure social media platforms are safe for all users, regardless of their age. Ensuring platforms have mechanisms for users to report potentially harmful content – and for platforms to remove inappropriate content – is crucial for keeping people safe.

    Platforms should also ensure users can block accounts, such as when a person is being bullied or harassed, with consequences for account holders found to engage in such harmful behaviour.

    It is important that government requirements for “low-risk” accounts include these and other mechanisms to identify and limit harmful content at source. Tough penalties for tech companies that fail to comply with legislation are also needed.

    The federal government could also provide extra resources for parents and children, to help them to navigate social media content safely.

    A report released this week by the New South Wales government showed 91% of parents with children aged 5–17 believe “more should be done to teach young people and their parents about the possible harms of social media”.

    The SA government appears to be heeding this message. Today it also announced a plan for more social media education in schools.

    Providing more proactive support like this, rather than pursuing social media bans, would go a long way to protecting young Australians while also ensuring they have access to helpful and supportive social media content.

    Lisa M. Given receives funding from the Australian Research Council. She is a Fellow of the Academy of the Social Sciences in Australia and a former President of the Association of Information Science and Technology.

    ref. The government’s social media ban for kids will exempt ‘low-risk’ platforms. What does that mean? – https://theconversation.com/the-governments-social-media-ban-for-kids-will-exempt-low-risk-platforms-what-does-that-mean-241120

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: School Closures, Shelter Use, and Learning Outcomes in the Philippines: Evidence from 2019 TIMSS

    Source: Asia Development Bank

    In many parts of the world, schools are often used as temporary shelters before, during, and after disasters that may prolong calamity-induced school closures. We combined student assessment data from the Philippine round of the 2019 Trends in International Mathematics and Science Study with school administrative records and area-level typhoon warnings to assess the impact of short school closures on learning outcomes. Results show that one school closure day induced by school-as-shelter use reduces student achievement by 12% to 14% of a standard deviation, equivalent to roughly half to a full year’s worth of learning. This is likely driven by a decline in student interest, rather than by a contraction in the breadth of topics covered in class or by poorer teaching quality. These findings highlight potential hidden disasters from seemingly benign but frequent hazards. 

    WORKING PAPER 1487

    MIL OSI Economics

  • MIL-OSI Economics: Foreign Investment and Gender Equality in India: Competitive Pressures or Technology Transfer?

    Source: Asia Development Bank

    We examine the relationship between foreign direct investment (FDI) inflows into a large, emerging economy and advances in gender equality. Several studies have examined how competitive FDI pressures might lower gender inequality by reducing an employer’s ability to practice taste-based discrimination. Other studies examine how FDI-induced technology transfer reduces gender employment and gender wage gaps in developing countries. To the best of our knowledge, we are the first to consider the possibility that foreign investment both places strong competitive pressures on domestic industries and also allows for technology adoption. These ideas are particularly important in service-oriented sectors, where the highest values of foreign investments flow and the largest shares of women are employed. We expect increased competition associated with foreign investment to reduce gender inequality in occupations that suffer most from discrimination, while technology transfer serves to further reduce gender gaps in occupations for which automation reduces the demand for tasks. We use worker-level data from India to examine the differential effects on women relative to men of horizontal (measuring competition) and vertical (measuring technology transfer) FDI across occupational categories. Our findings suggest that competitive pressures associated with horizontal FDI narrow the gender employment gap in nonroutine cognitive occupations, while the technology transfer associated with vertical FDI supports increases in the relative demand for women in routine-manual occupations.

    WORKING PAPER 1486

    MIL OSI Economics

  • MIL-OSI Security: Under Secretary of Defense for Acquisition and Sustainment Chairs Inaugural Plenary Meeting of Partnership for Indo-Pacific Industrial Resilience

    Source: United States INDO PACIFIC COMMAND

    On October 7-8, 2024, Under Secretary of Defense for Acquisition and Sustainment William LaPlante chaired the inaugural plenary meeting of the Partnership for Indo-Pacific Industrial Resilience (PIPIR) in Honolulu, HI. National Armament Directors, and similarly positioned senior leaders, joined him from all PIPIR member nations in both the Indo-Pacific and Euro-Atlantic regions. The engagement was hosted by the Daniel K. Inouye Asia-Pacific Center for Security Studies and the United States Indo-Pacific Command (INDOPACOM).

    PIPIR is a multi-lateral forum of allies and partners aimed at strengthening defense industrial resilience to promote continued regional security, economic security, and prosperity in the Indo-Pacific region. It serves as a platform to accelerate defense industrial base (DIB) cooperation by reducing barriers to production, creating new sustainment hubs, and addressing supply chain constraints.

    “From day one, Secretary Austin has driven success through teamwork,” Dr. LaPlante said. “Today’s security environment demands closer collaboration with our allies and partners. PIPIR will help strengthen our collective ability to produce and sustain warfighting capability in the Indo-Pacific, and the National Armaments Directors are uniquely positioned to drive action in these areas.”

    During this inaugural plenary meeting, participants adopted a Core Vision Statement, which establishes strategic principles to guide collaboration on defense industrial resilience. The agreement of a Core Vision Statement builds upon the Statement of Principles for Indo-Pacific Defense Industrial Base Collaboration endorsed by 13 nations, including by U.S. Secretary of Defense Lloyd Austin at the Shangri-La Dialogue held in May 2024.

    Members also announced the creation of workstreams, each tasked with identifying key projects appointed leadership for each, and discussed plans to operationalize project activities. The four workstreams are Sustainment, Production, Supply Chain Resilience, and Policy and Optimization. Participants underscored the need to deliver material solutions that enhance shared defense industrial resilience. They also emphasized the importance of forging closer partnerships with industry and committed to creating a standing industrial advisory board with whom to consult. PIPIR will include other advisors as necessary to address the complexity and challenges of the DIB.

    The day prior to the plenary session, INDOPACOM hosted the PIPIR delegation at Camp Smith to provide the command’s regional perspective and discuss the implications and role of multi-lateral industrial partnerships for their mission.

    The establishment of PIPIR directly supports DoD’s implementation of the National Defense Industrial Strategy and Regional Sustainment Framework, which emphasize the importance of strengthening international defense production and sustainment relationships.

    MIL Security OSI

  • MIL-OSI Australia: ​​New guidance on assessing the delivery confidence of digital projects​

    Source: Australia Digital Transformation Agency

    Assurance plays a key role in keeping decision-makers informed of the status of digital projects and helping focus attention where it is needed most. In partnership with the University of Sydney’s John Grill Institute for Project Leadership, new guidance to support more effective assurance of digital projects is being released. 

    MIL OSI News

  • MIL-OSI New Zealand: Energy Resources Aotearoa welcomes pragmatic approach in Electricity GPS

    Source: Energy Resources Aotearoa

    Energy Resources Aotearoa welcomes the refreshing pragmatism in the Government’s Policy Statement (GPS) to the Electricity Authority.
    The GPS says mitigating climate change is not the job of the Electricity Authority, and Minister Brown has made it clear that the Authority should take a “fuel agnostic” approach to the electricity sector.
    Chief Executive John Carnegie says, “This is a welcome dose of pragmatism and the direction we need as we transition to a low-carbon electrified economy.
    This winter highlighted that we still need thermal generation to ensure a secure energy system.
    “We must keep our options open with facilities like Genesis’ Huntly Power Station, which can generate energy from domestic gas, coal, and biomass” Carnegie says.
    The GPS also says that the Government will not intervene in the wholesale market as this “can undermine incentives on market participants to manage their risks properly, chilling hedging and new investment leading to increased scarcity, more periods of high prices and reduced security. We couldn’t agree more”.
    The statement clarifies that the Electricity Authority must refrain from favouring one form of fuel or technology over another, something we have consistently advocated for over the last five years. Carnegie says it is great to see the government agree with Energy Resources’ Aotearoa’s long-standing position on fuel and technology agnosticism. 
    If thermal generation is cheaper than renewable alternatives, we should use it. It also says that the Emissions Trading Scheme with carbon pricing should be the mechanism for addressing climate change.
    Carnegie says, “This is a welcome departure from ideologically driven policy, which contorted our largely renewable energy system into a vehicle for reducing emissions. Right now, thermal generation is a necessary part of our generation mix, and it is great that the government acknowledges this. 
    “Now we need the right regulatory and market conditions to encourage the development of gas-fired peaking plants and the fuel we so badly need to keep the lights on.” 

    MIL OSI New Zealand News

  • MIL-OSI China: China ready to join EU for stable, positive ties: Premier Li

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

    VIENTIANE, Oct. 11 — Chinese Premier Li Qiang said China is ready to work with the EU to further consolidate the momentum of stable and positive relations between both sides, enhance strategic mutual trust and strengthen mutually beneficial cooperation.

    Li made the remarks on Friday during his meeting with European Council President Charles Michel on the sidelines of the leaders’ meetings on East Asia cooperation held in Vientiane.

    Calling next year’s 50th anniversary of China-EU diplomatic ties an important node of connecting the past with the future, Li said China also stands ready to make greater contributions to improving the well-being of people of the two sides and advancing the cause of global peace and development with the EU.

    MIL OSI China News

  • MIL-OSI Global: High skills, low protection: the legal hurdles for foreign workers in Indonesia

    Source: The Conversation – Indonesia – By Wayne Palmer, Senior Research Fellow, Bielefeld University

    ilikeyellow/Shutterstock

    Developing countries like Indonesia use foreign high-skilled and high-wage workers to drive economic growth and innovation. However, protection of their legal rights is often neglected, affecting these workers’ productivity and well-being and Indonesia’s reputation as a destination country for employment.

    My research delves into the flaws of Indonesia’s labour market institutions, such as the national labour dispute settlement system, revealing that current mechanisms are inadequate in protecting the rights of high-skilled foreign workers.

    The study

    My findings show the national dispute settlement system exhibits significant systemic shortcomings, such as processing cases slowly and siding with employers, which limit its capacity to protect all workers effectively. But disputes involving foreign workers are further complicated by the fact that immigration law allows employers to cancel residence permits, meaning that the government requires the workers to leave the country even though the workers may have been unfairly dismissed.

    Foreign workers are mainly from Northeast Asia (China, Japan and Korea), and their use on investment-tied projects coupled with Indonesia’s downstreaming programme will ensure their numbers continue to grow. In 2023, the Indonesian government issued 168,048 permits for foreigners to work in Indonesia with the top three destinations being Central Sulawesi (18,678), Jakarta (13,862) and West Java (10,807). By July 2024, the government had already issued more than 14% more permits than by the same time the previous year.

    My study examined 92 labour disputes involving foreign workers between 2006 (when the new national dispute settlement system was implemented) and 2022, which were settled by the Industrial Relations Court. One additional dispute was filed in 2023, but the Industrial Relations Court has not yet published the settlement despite a legal requirement to do so.

    I complemented these court settlements with 98 qualitative interviews with other stakeholders, including policymakers, labour rights activists, legal professionals, and other foreign workers, such as foreign spouses, remote workers and digital nomads.

    As in other countries too, the number of registered labour disputes is only the tip of the iceberg, as workers tend to cut their losses and move on rather than invest time, energy and limited financial resources in challenging their better-resourced employers.

    Employers were all Indonesian companies, so no foreign workers who filed a lawsuit worked for a multinational company, and those who did so had at least 20 nationalities.


    CC BY

    In terms of geographical distribution, the studied disputes were settled in 13 local jurisdictions, and were mostly lodged by workers rather than employers.

    The nature of the disputes mostly involved claims that an employment contract had been terminated prematurely (87 cases), while a much smaller number involved resignation (4 cases) or were unknown (1 case). Of the 92 claims, 83 were initiated by workers, and eight by an employer. In one case, the lodging party was not recorded in the final decision.

    Hiring a private lawyer

    Employers used the Immigration Law to undermine the protective role of the Manpower Law – as it stands foreign workers are only entitled to employment protection if they hold a valid residence permit, which employers can and do shorten. Doing so shows that the Indonesian government prioritizes the flexibility of employers at the expense of employment protection for foreign workers.

    In at least 92% cases, foreign workers used paid assistance of a private lawyer to represent themselves at formal meetings and hearings required by the Disputes Settlement Law, the cost of which could be hefty.

    As one foreign worker explained:

    It’s always in the back of your mind, to do whatever to make employers happy if you want to stay. No matter what the work permit and contract say, they can ask immigration to kick us out within a week!“

    A retired government official responsible for designing policy regarding foreign workers was surprised when he heard this, explaining that:

    I thought they could look after themselves because they earn such high wages. Well, higher than the average Indonesian worker, that is.

    Hiring a private lawyer is the only way to represent themselves throughout the dispute resolution process because they need to leave Indonesia once they are fired. Not having the legal right to remain in Indonesia makes it very difficult – even impossible – to do it without them.

    Addressing institutional failures

    Engaging a private lawyer served as an ‘institutional fix’ that enabled most foreign workers to engage with Indonesia’s labour dispute settlement system by attending formal meetings and hearings, as well as filling out required paperwork and sending essential letters and replies.

    Addressing this institutional failure requires a shift in law and policy. Firstly, legal reforms are essential to ensure that immigration and employment laws are integrated to enable foreign workers to have access to legal processes intended to help protect labour rights. At a minimum, this would involve amending policy to prevent employers from cancelling residence permits so that foreign workers need to leave the country prematurely.

    Alternatively, the Directorate-General of Immigration could still permit employers to do so, but then provide the affected foreign workers with a limited-stay visa so that they can remain in Indonesia to engage with the legal process. The Hong Kong Immigration Department does this for Indonesian migrant workers.

    Secondly, there is a need for enhanced support systems that provide immediate and effective assistance to foreign workers. Government agencies tasked with settling labour disputes, such as local manpower offices and the Industrial Relations Court, should be equipped with adequate resources and trained personnel to handle migrant labour issues. Doing so would decrease the reliance of foreign workers on private lawyers.

    Failure to protect the employment rights of foreign workers has the potential to damage Indonesia’s reputation as a destination country for employment. Such damage could undermine Indonesia’s ambitious plans to build a new capital city (Ibu Kota Nusantara) with the assistance of foreign workers, and undermine the government’s downstreaming programme, which helps Indonesia earn more from the export of raw minerals.

    Wayne Palmer has received research funding from the International Labour Organization, the Freedom Fund, and the Australian Research Council.

    ref. High skills, low protection: the legal hurdles for foreign workers in Indonesia – https://theconversation.com/high-skills-low-protection-the-legal-hurdles-for-foreign-workers-in-indonesia-230795

    MIL OSI – Global Reports

  • MIL-OSI Banking: Results of Underwriting Auctions Conducted on October 11, 2024

    Source: Reserve Bank of India

    In the underwriting auctions conducted on October 11, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    (₹ crore)
    Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
    (paise per ₹100)
    7.04% GS 2029 14,000 7,014 6,986 14,000 0.04
    7.34% GS 2064 15,000 7,518 7,482 15,000 0.09
    Auction for the sale of securities will be held on October 11, 2024.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1268

    MIL OSI Global Banks

  • MIL-OSI Australia: Appointment of CFA CEO – Greg Leach AFSM

    Source: Victoria Country Fire Authority

    I am delighted to announce that following an extensive search Greg Leach AFSM has been appointed by the Victorian Government as the new Chief Executive Officer for CFA.

    Greg brings deep emergency management expertise to the role, with a career spanning more than three decades working across senior leadership roles in four emergency services agencies in both Victoria and Queensland (Ambulance Victoria, Melbourne Metropolitan Fire Brigade, Queensland Fire and Emergency Services and Victoria State Emergency Service). 

    Greg is a current member of the Board of the Australasian Fire and Emergency Services Council (AFAC).

    Greg started his service with CFA as a volunteer in 1978, before commencing in 1988 in a staff position in Bendigo. During his time with CFA, he performed various operational roles including Operations Manager (Regional Officer) and Manager, Structural Fire Planning. 

    From these very early days Greg has had a passion for supporting volunteers in the vital work they do in protecting the community. 

    Since October 2023, Greg Leach has served as the Chief Executive Officer of the VICSES.  In this capacity, he has been instrumental in championing a significant health, safety, and wellbeing program to support the mental and physical health of SES volunteers and staff as well as overseeing a review of the VICSES Operating Model.

    I know that Greg is very excited by the prospect of returning to CFA to continue the ongoing program of work to ensure CFA is a great place to volunteer and work, and a contemporary, progressive emergency service.

    On behalf of the Board, I would also like to acknowledge and thank Robyn Harris for so ably fulfilling the role of Interim CEO since 1 August while the search for the substantive CEO was undertaken.

    It has been a great pleasure to work closely with her during this time and I am very grateful to her, Chief Officer Jason Heffernan and the full executive team for their ongoing professionalism and dedication which has supported a smooth transition.

    Greg will commence in the role on 18 November 2024.

    Jo Plummer
    CFA Chair

    Submitted by CFA media

    MIL OSI News

  • MIL-OSI Economics: 19th East Asia Summit reviews cooperation and future direction

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the 19th East Asia Summit (EAS), held in Vientiane, Lao PDR. The 19th EAS was attended by Heads of State/Government and High Representatives of the EAS participating countries, the Secretary-General of ASEAN and Timor-Leste as Observer. The President of the European Council and the Secretary-General of the Shanghai Cooperation Organisation attended the Open Session and briefed the Meeting on enhancing connectivity and on economic integration.

    The Leaders reaffirmed their commitment to further strengthening the EAS as the premier Leaders-led forum for dialogue and cooperation on broad strategic, political and economic issues of common interest and concern.

    The post 19th East Asia Summit reviews cooperation and future direction appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung’s AI-Powered Home Appliances Are Becoming More Secure With Knox Matrix

    Source: Samsung

    Samsung Electronics is taking protection to the next level with Samsung Knox, the proprietary security platform safeguarding its AI home appliances, alongside additional solutions. The company aims to strengthen the security of not only individual products but also interconnected devices, providing users with peace of mind when using AI home appliances.
     
    At Samsung Developer Conference 2024 (SDC24), Samsung announced plans to extend Knox Matrix from mobile devices and TVs to home appliances following Samsung Knox’s expansion. Knox Matrix provides integrated protection for interconnected devices, allowing them to mutually monitor for security threats and notify users of threat-blocking measures.
     
    ▲ Jong-Hee Han, Vice Chairman, CEO and Head of Device eXperience (DX) Division at Samsung Electronics, delivers the SDC24 keynote address.
     
    In addition, Samsung plans to introduce mobile biometric authentication to its home appliances next year — eliminating the need to enter IDs and passwords and preventing login information from being exposed.
     
     
    Detecting Security Threats and Notifying Users
    All Samsung smart home appliances1 are safeguarded by Samsung Knox, a holistic and multi-defense security platform that protects users’ data from external threats including malicious software. Nonetheless, Samsung set out to build a secure environment for interconnected devices since strong connectivity between devices creates an improved user experience and protection against data exposure in the age of AI home appliances.
     
    Knox Matrix is a security solution that comprehensively protects connected devices and networks using private blockchain technology. The system consists of Trust Chain, Cross Platform and Credential Sync.
     
    ▲ Knox Matrix is comprised of three main technical elements.
     
    Based on blockchain technology, Trust Chain allows connected devices to monitor each other for security threats and notifies users of threat-blocking measures if there is a problem with the security status. Cross Platform ensures consistent security standards are applied to connected devices, even if they run on different operating systems (OS) and platforms. Credential Sync encrypts data shared between devices and synchronizes credentials to maintain security.
     
    First introduced to the 2024 Bespoke 4-Door Refrigerator with AI Family Hub , Credential Sync uses end-to-end encryption (E2EE) technology to share data between devices on the server. Information can be safely shared between connected devices, and existing user data can be restored when a new product is purchased.
     
    Samsung plans to expand the application of Knox Matrix’s Trust Chain, Cross Platform and Credential Sync to major products such as the refrigerator with AI Family Hub beginning next year.
     
     
    Introducing Biometric Authentication
    At SDC24, Samsung also announced that Passkey will be introduced next year to the refrigerator with AI Family Hub as well as home appliances equipped with the 7-inch AI Home LCD screen. Part of Credential Sync, Passkey is a digital credential that allows users to log in to home appliance apps and websites2 using biometrics such as fingerprints on their smartphones.
     
    With the increasing use of apps and web services, the risk of password leaks is on the rise. Passkey alleviates this concern and eliminates the inconvenience of having to remember passwords for each login.
     
    Furthermore, Samsung is planning to apply Knox Vault to its AI home appliances starting next year to further improve hardware-based security. Samsung home appliances equipped with Knox Vault will store sensitive personal information such as passwords and biometric data on a separate hardware security chip — protecting sensitive information from OS-based security breaches or physical hacks.
     
     
    Expanding Recognition From Top-Tier Organizations
    Samsung is committed to improving the reliability of its AI home appliances by expanding security verification from authorized organizations. In February, the Bespoke 4-Door Flex Refrigerator with AI Family Hub + became the first in the global home appliance industry to receive the highest rating of Diamond in the IoT Security Rating conducted by leading certification company UL Solutions. Now, five products including the Bespoke AI Laundry Combo and the Bespoke Jet Bot Combo AI have received the same rating — setting an industry record.3
     
    ▲ The Bespoke AI Laundry Combo received the Diamond security rating from UL Solutions.
     
    UL Solutions’ IoT Security Rating uses a five-level rating system based on rigorous testing of hacking risks and the security capabilities of smart home appliances. The Diamond rating requires passing stringent evaluations including detecting malicious software tampering, preventing illegal access attempts and anonymizing user data. Samsung plans to expand Diamond certification to even more of its AI home appliances.
     
    Additionally, Samsung conducts internal cyberattack simulations at least once a quarter to verify the security of its AI home appliances. The company’s software developers perform these hacking tests on products and services to identify vulnerabilities and create updates to address any security flaws.
     
    “As the connected ecosystem of AI home appliances expands, the importance of security is growing exponentially,” said Miyoung Yoo, EVP and Head of the Software Development Team, Digital Appliances Business at Samsung Electronics. “Samsung will continue to develop security solutions and achieve new certifications to ensure that users can experience peace of mind when using AI home appliances and services in Samsung’s ecosystem.”
     
     
    1 Samsung Knox is applied to select appliances launched in 2018 and later.2 Available on websites that support the international Fast Identity Online (FIDO) standard.3 As of August 2024.

    MIL OSI Economics

  • MIL-OSI Submissions: Australia – Surgeons call for pause on “risky” fast-tracking of overseas specialists

    Source: Royal Australasian College of Surgeons (RACS)

    The Royal Australasian College of Surgeons (RACS) has added its voice to growing calls for a pause on proposed fast-tracking of overseas-trained doctors saying the plan is risky and won’t increase workforce supply where it’s needed most.

    The College says there is a real need to grow the surgical workforce in rural and regional parts of Australia particularly but says the Australian Health Practitioner Regulation Agency’s (AHPRA) plan lacks the nuance to fix the issue in a safe and effective way.

    RACS has joined other Australian medical colleges in writing to the Federal Health Minister on Friday 11 October asking for a rethink of the proposal.

    RACS President Associate Professor Kerin Fielding says the College has long been advocating for targeted reforms to address healthcare shortages but says these need to be done in a way that prioritise areas most in need, including rural locations, and uphold patient safety. The College’s concerns particularly centre on the proposal to reduce supervision time for Specialist International Medical Graduates (SIMGs) and their lack of targeted measures to retain a rural/regional workforce.

    “The proposals in their current form present significant risks to patients and may result in a lack of consistency of surgical standards across Australia. The lack of clear supervision requirements and inadequate support systems for SIMGs, especially in rural areas, could compromise standards of care.

    “We need to ensure that SIMGs entering Australia are properly trained, supported, and retained in the areas where they are most needed. This is about ensuring every Australian, no matter where they live, has access to safe, high-quality surgical care,” Associate Professor Fielding says.

    RACS has raised the following key concerns with AHPRA’s proposed pathways:

    • Inadequate supervision – The shortened six-month supervision period proposed by AHPRA may not be sufficient to identify performance issues or ensure that SIMGs are adequately prepared to practice safely in Australia’s healthcare system, especially for procedural specialties like surgery.
    • Lack of rural support – SIMGs placed in isolated rural areas may lack the necessary supervision and support, potentially lowering the standard of care for patients in those regions.
    • Undermining surgical standards – The expedited pathways risk creating a two-tier surgical workforce, undermining the rigorous training and accreditation processes currently in place.
    • Retention and distribution concerns – The proposal lacks targeted measures to ensure SIMGs remain in rural and regional areas, which could result in ongoing workforce shortages in underserved regions.

    RACS is advocating for a more strategic and transparent approach, calling on AHPRA to:

    • Pause the implementation of the expedited pathways until further consultation and review can occur.
    • Introduce specific measures to recruit and retain surgeons in areas of critical need, both geographically and by specialty.
    • Ensure transparency around qualification criteria, supervision models, and assessment processes.

    RACS remains committed to working collaboratively with AHPRA, the Medical Board of Australia, and other stakeholders to develop a solution that addresses workforce shortages while upholding the high standards of surgical practice and training in Australia.

    About the Royal Australasian College of Surgeons (RACS)

    RACS is the leading advocate for surgical standards, professionalism and surgical education in Australia and Aotearoa New Zealand. The College is a not-for-profit organisation that represents more than 8000 surgeons and 1300 surgical trainees and Specialist International Medical Graduates. RACS also supports healthcare and surgical education in the Asia-Pacific region and is a substantial funder of surgical research. There are nine surgical specialties in Australasia being: Cardiothoracic Surgery, General Surgery, Neurosurgery, Orthopaedic Surgery, Otolaryngology Head and Neck Surgery, Paediatric Surgery, Plastic and Reconstructive Surgery, Urology and Vascular Surgery. http://www.surgeons.org

    MIL OSI – Submitted News

  • MIL-OSI Economics: RBI to conduct 3-day Variable Rate Reverse Repo (VRRR) auction under LAF on October 11, 2024

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on October 11, 2024, Friday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor
    (day)
    Window Timing Date of Reversal
    1 75,000 3 11:30 AM to 12:00 Noon October 14, 2024
    (Monday)

    2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1269

    MIL OSI Economics

  • MIL-OSI Economics: AIIB and AMRO Sign MOU to Strengthen Cooperation for Regional Economic Resilience and Sustainable Development 

    Source: Asia Infrastructure Investment Bank

    The Asian Infrastructure Investment Bank (AIIB) and the ASEAN+3 Macroeconomic Research Office (AMRO) signed a memorandum of understanding (MOU) to enhance cooperation aimed at fostering regional macroeconomic resilience and sustainable development. This strategic partnership will leverage joint research, knowledge sharing, capacity building and staff exchanges to create a more robust economic landscape for the region.

    AMRO Director Kouqing Li and AIIB President Jin Liqun signed the three-year agreement in Vientiane, Lao PDR this week on the sidelines of the 2024 ASEAN Summit, marking a significant step forward in the two organizations’ shared commitment to addressing pressing economic challenges for their respective member economies.

    “Amid rising global uncertainty and increasing geoeconomic fragmentation, forging strategic partnerships is paramount to deepen our understanding of the challenges faced by the ASEAN+3 region,” Li said. “I am confident AMRO’s collaboration with AIIB will unlock synergies as we work toward securing the macroeconomic and financial resilience and stability of the region.”

    “This partnership reflects our shared vision of fostering sustainable, resilient growth in Southeast Asia,” Jin said. “AIIB is committed to financing Infrastructure for Tomorrow, underpinned by rigorous analysis of local conditions and strong cooperation with local and regional partners. By strengthening joint efforts with AMRO, we are building a solid foundation for a more prosperous and inclusive future for all.”

    The new partnership signifies both organizations’ commitment to enhancing their collaborative initiatives to generate enduring economic benefits for their respective member economies and to navigate the challenges of an evolving global economy.

    About AIIB

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity. 

    About AMRO

    AMRO is an international organization comprising the 10 members of the Association of Southeast Asian Nations (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam) and China; Hong Kong, China; Japan; and Korea. AMRO’s mandate is to conduct macroeconomic surveillance, support regional financial arrangements, and provide technical assistance to the members. In addition, AMRO also serves as a regional knowledge hub and provides support to ASEAN+3 financial cooperation.

    MIL OSI Economics

  • MIL-OSI USA: Department of Homeland Security Secretary’s Awards in the National Capitol Region, October 15

    Source: US Department of Homeland Security

    Headline: Department of Homeland Security Secretary’s Awards in the National Capitol Region, October 15

    Department of Homeland Security Secretary’s Awards in the National Capitol Region, October 15
    aunica.brockel

    On October 15, Secretary of Homeland Security Alejandro N. Mayorkas hosts the second of three awards ceremonies in the National Capitol Region to present the DHS Secretary’s Awards to employees for their outstanding contributions and recognize workforce achievements.

    Watch on YouTube

    MIL OSI USA News

  • MIL-OSI Australia: (WIP) New cyber incident response obligations for Australian organisations

    Source: Allens Insights

    The rationale for mandatory reporting is the Government’s limited visibility over threats to the private sector and the current underreporting of ransomware payments.

    A ransomware reporting regime has previously been supported by both major parties so we expect this reporting regime will receive bipartisan support.

    Two key elements of the Government’s proposal are:

    • reporting obligations will be triggered on payment of a ransom, rather than on awareness of an extortion attempt, or commencement of negotiations with threat actors; and
    • the reporting obligations extend to cyber theft extortion (holding data hostage), not just ransomware (locking functionality).
    Restrictions on use of ransomware payment reports

    Importantly, the Cyber Bill makes clear that ransomware payment reports may only be used or disclosed by the designated federal body or a secondary entity (if such reports are disclosed by the designated federal body), in limited circumstances. Relevantly, the designated federal body must not use or disclose the relevant information it obtains for the purposes of investigating or enforcing any contravention by the reporting business entity of a federal, state or territory law (other than a law that imposes a penalty for a criminal offence).

    To the extent that payment of a ransom is an offence under a criminal sanctions, terrorism financing or other financial crime law, federal or state bodies will be permitted to record, use or disclose the information.

    Admissibility in proceedings

    The Cyber Bill clarifies that information in ransomware payment reports is inadmissible in a broad range of proceedings—including for certain criminal proceedings, civil proceedings for contraventions of civil penalties and proceedings for breaches of any federal, state or territory laws (including the common law). Whilst this provision does not amount to safe harbour from all criminal liability, it does provide broad comfort that information (which is not subject to LPP) may not be admitted in legal proceedings.

    Importantly, because this protection is specifically expressed to attach to information provided by the reporting entity, careful consideration will need to be given in circumstances where a group of companies has suffered an incident.

    Claims of legal professional privilege

    The Cyber Bill also expressly states that information provided in a ransomware payment report does not affect a claim of LPP that anyone may make in relation to information in any proceedings. The express LPP carveout is important as statutory provisions that abrogate legal professional privilege must do so expressly and unambiguously.2 However, the position as to whether and when provision of information the subject of LPP to government agencies constitutes a waiver of LPP is far from settled.3 Further, the protections in respect of LPP are not as broad or far reaching as those in respect of the admissibility of evidence (see below). Accordingly, careful consideration will need to be given prior to the disclosure of any material to which LPP may apply.

    MIL OSI News

  • MIL-OSI Russia: 90% of Moscow’s 2025 budget expenditures will go toward implementing state programs

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The Moscow government approved the draft city law “On the budget of the city of Moscow for 2025 and the planning period of 2026 and 2027”. The budget was formed based on strategic plans for the development of the economy, infrastructure and social sphere of the capital until 2030, the expected results of the 2024 budget execution and the base scenario of the forecast of the socio-economic development of Moscow for the next three years.

    In 2022–2023, the capital’s economy as a whole went through a period of adaptation to unprecedented sanctions pressure from unfriendly countries and is now on a balanced growth trajectory. Active implementation of domestic technological developments, reduced dependence on imported equipment and components, substitution of products from unfriendly countries, and a high level of employment allow us to predict its further progressive development in the next three years.

    In 2025, the costs of implementing 13 state programs of Moscow will make up 90 percent of the budget expenditure. Among them are the development of healthcare, education, the transport system, the cultural and tourist environment, the preservation of cultural heritage and social support for residents.

    Expenditures on the implementation of state programs of the city of Moscow in the draft budget for 2025 and the planning period of 2026 and 2027 (in billions of rubles)

    Program

    2025 year

    Over three years (2025–2027)

    1

    2

    3

    Expenditures on the implementation of state programs, total

    Taking into account compulsory medical insurance funds

    5 013,5

    5 499,1

    15 229,8

    16 799

    Including:

    Development of the transport system

    1084.9

    3192.8

    Social support for residents

    737.1

    2 237,7

    Development of education

    649.6

    2121.2

    Healthcare development

    610.7

    1828.6

    Taking into account compulsory medical insurance funds

    1096.3

    3397.8

    Housing

    567.6

    1843.7

    Development of public utility infrastructure and energy saving

    131.7

    416.6

    Development of the digital environment and innovations

    204.3

    640.3

    Development of the urban environment

    262.8

    834.4

    Development of the cultural and tourist environment and preservation of cultural heritage

    241.7

    698.8

    Economic development and investment attractiveness

    206.8

    490.1

    Moscow Sports

    106.1

    298.4

    Safe City

    106.6

    333.2

    Urban development policy

    103.5

    293.8

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11880050/

    MIL OSI Russia News

  • MIL-OSI China: The Ninth Round of China-ASEAN FTA 3.0 Negotiations was Held in Bangkok, Thailand

    Source: People’s Republic of China Ministry of Commerce

    The Ninth Round of China-ASEAN FTA 3.0 Negotiations was Held in Bangkok, Thailand

    From August 30 to September 3, 2024, the ninth round of China-ASEAN FTA 3.0 negotiations was held in Bangkok, Thailand, joined by nearly 200 officials from competent authorities of China, ten ASEAN countries and the ASEAN Secretariat. Both sides implemented the consensus of Chinese and ASEAN leaders and accelerated the negotiations with positive progress.

    The China-ASEAN FTA 3.0 Upgrade Negotiations were launched in November 2022 by Chinese and ASEAN leaders. The upgrade will expand and deepen economic and trade cooperation between China and ASEAN, adding new substance to the China-ASEAN comprehensive strategic partnership.

    (All information published on this website is authentic in Chinese. English is provided for reference only.)

    MIL OSI China News

  • MIL-OSI: NBPE Announces September Monthly NAV Estimate

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces September Monthly NAV Estimate

    11 October 2024

    NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 September 2024 monthly NAV estimate.

    NAV Highlights (30 September 2024)

    • NAV per share was $27.37 (£20.40), a total return of (0.3%) in the month
    • Year to date NAV TR of 0.9%
    • $73 million invested in new and follow on investments year to date
    • $391 million of available liquidity at 30 September 2024
    As of 30 September 2024 YTD 1 Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised
    0.9% 4.3% (2.8%)
    (1.0%)
    70.9%
    11.3%
    172.2%
    10.5%
    MSCI World TR (USD)*
    Annualised
    19.3% 33.0% 30.7%
    9.3%
    89.1%
    13.6%
    175.2%
    10.7%
    Share price TR (GBP)*
    Annualised
    0.8% 6.4% 14.1%
    4.5%
    76.0%
    12.0%
    245.2%
    13.2%
    FTSE All-Share TR (GBP)*
    Annualised
    9.9% 13.4% 23.9%
    7.4%
    32.2%
    5.7%
    83.6%
    6.3%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 30 September 2024

    NAV performance during the month driven by:

    • 0.2% NAV increase ($2 million) from the receipt of private company valuation information
    • 0.2% NAV increase ($3 million) from positive FX movements
    • 0.3% NAV decrease ($4 million) from the value of quoted holdings (which now constitute 6% of portfolio fair value)
    • 0.4% NAV decrease ($5 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability

    Realisations from the portfolio continue in 2024

    • $160 million of realisations received year to date, driven by Action, Cotiviti and previously announced sales of Melissa & Doug, FV Hospital and Safefleet as well as sales of public stock and continued realisations from the legacy income investment portfolio

    $391 million of total liquidity at 30 September 2024

    • $181 million of cash and liquid investments with $210 million of undrawn credit line available

    $73 million invested in 2024 in new and follow-on investments

    • $25 million invested in FDH Aero, a leading parts distributor to the aerospace and defense industry
    • $38 million invested into two U.S. healthcare businesses, Benecon and Zeus
    • $10 million of additional new and follow on investments

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 30 September 2024 was based on the following information:

    • 6% of the portfolio was valued as of 30 September 2024
      • 6% in public securities
    • 94% of the portfolio was valued as of 30 June 2024
      • 93% in private direct investments
      • 1% in private funds

    For further information, please contact:

    NBPE Investor Relations         +44 (0) 20 3214 9002
    Luke Mason                              NBPrivateMarketsIR@nb.com 

    Kaso Legg Communications   +44 (0)20 3882 6644

    Charles Gorman                        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 30 September 2024)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer                        68.9 5.4%
    Osaic 2019 Reverence Capital Financial Services                        62.7 4.9%
    Solenis 2021 Platinum Equity Industrials                        58.2 4.6%
    BeyondTrust 2018 Francisco Partners Technology / IT                        42.0 3.3%
    Branded Cities Network 2017 Shamrock Capital Communications / Media                        40.1 3.2%
    Monroe Engineering 2021 AEA Investors Industrials                        38.3 3.0%
    Business Services Company* 2017 Not Disclosed Business Services                        37.1 2.9%
    True Potential 2022 Cinven Financial Services                        35.8 2.8%
    Kroll 2020 Further Global / Stone Point Financial Services                        31.4 2.5%
    Constellation Automotive 2019 TDR Capital Business Services                        30.9 2.4%
    Marquee Brands 2014 Neuberger Berman Consumer                        30.8 2.4%
    Staples 2017 Sycamore Partners Business Services                        30.7 2.4%
    GFL (NYSE: GFL) 2018 BC Partners Business Services                        30.5 2.4%
    Fortna 2017 THL Industrials                        28.7 2.3%
    Viant 2018 JLL Partners Healthcare                        27.2 2.1%
    Stubhub 2020 Neuberger Berman Consumer                        26.6 2.1%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT                        25.8 2.0%
    FDH Aero 2024 Audax Group Industrials                        25.3 2.0%
    Agiliti 2019 THL Healthcare                        25.3 2.0%
    Benecon 2024 TA Associates Healthcare                        25.2 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT                        24.4 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services                        23.8 1.9%
    USI 2017 KKR Financial Services                        23.2 1.8%
    Auctane 2021 Thoma Bravo Technology / IT                        22.5 1.8%
    Excelitas 2022 AEA Investors Industrials                        21.9 1.7%
    Qpark 2017 KKR Transportation                        21.5 1.7%
    AutoStore (OB.AUTO) 2019 THL Industrials                        21.3 1.7%
    Exact 2019 KKR Technology / IT                        20.1 1.6%
    Renaissance Learning 2018 Francisco Partners Technology / IT                        19.4 1.5%
    Bylight 2017 Sagewind Partners Technology / IT                        18.7 1.5%
    Total Top 30 Investments                            $938.5 73.8%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 76%
    Europe 23%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 20%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 12%
    Healthcare 9%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 11%
    2017 19%
    2018 16%
    2019 14%
    2020 12%
    2021 16%
    2022 5%
    2023 2%
    2024 5%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $481 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit http://www.nb.com for more information. Data as of June 30, 2024.


    1Based on net asset value.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    Attachment

    The MIL Network

  • MIL-OSI: Ageas announces exclusive negotiations to strengthen its partnership with UK over 50s specialist Saga

    Source: GlobeNewswire (MIL-OSI)

    Ageas announces that it has entered into exclusive negotiations with Saga plc, the UK specialist provider of products and services to people aged over 50, to establish a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers. Alongside this, Ageas would also acquire Saga’s Insurance Underwriting business, AICL (Acromas Insurance Company Limited), which together form the Proposed Transaction.

    The Proposed Transaction aligns perfectly with Ageas’s recently unveiled Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already has real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK, adding scale to a core European market of the Group. By combining Saga’s insights with Ageas UK’s personal lines insurance expertise particularly in this customer segment, the partnership offers a unique competitive advantage in the expanding over 50s market.

    Under the Proposed Transaction, Ageas UK, a subsidiary of Ageas, would enter into a 20-year Affinity Partnership with SSL, Saga’s Insurance Broking business, which distributed in excess of GBP 479 million in Gross Written Premiums (GWP) in the 12-month period ended 31 July 2024 across its motor and home insurance products. The Proposed Transaction represents a total cash payment of GBP 147.5 million, subject to customary completion adjustments, with a potential additional contingent consideration of up to GBP 60 million, subject to meeting agreed policy volumes and profitability targets. Completion of the AICL transaction remains conditional on the signing of definitive transaction documentation and regulatory approvals. As of January 2024, AICL’s Own Funds (Unrestricted Tier1) and Solvency Capital Requirement stand at GBP 83 million and GBP 54 million, respectively.

    Based on the initial consideration and including capital synergies, the estimated impact on the Ageas Group Solvency is – 5%.

    The Proposed Transaction will not affect the Group’s current share buyback programme.

    Background on Saga

    Saga, created over 70 years ago, is a specialist in the provision of products and services for people over 50. The Saga brand is one of the most recognised and trusted in the UK. Saga is known for its high level of customer service and its high-quality, award-winning products and services including cruises and travel, insurance, personal finance and media. (http://www.saga.co.uk)

    Hans De Cuyper, CEO of Ageas said: “We eagerly anticipate further strengthening our partnership with Saga, a well-known brand in the UK. This proposed deal aligns seamlessly with the Ageas Group recently launched Elevate27 strategy, which aims to leverage our strong European presence in Non-Life, add scale to our business, and benefit from material capital diversification. This transaction allows us to grow in a market where we already have real strength and expertise. Ageas has a longstanding tradition of successful partnerships, and we are confident that this collaboration with Saga will open new avenues for creating and accelerating profitable growth.”

    Ant Middle, CEO of Ageas UK said: “This proposed deal with Saga aligns perfectly with our strategy to profitably grow in UK personal lines and in creating powerful partnerships to the benefit of our customers. Deepening our relationship with Saga unlocks even more opportunity to increase our competitiveness in a rapidly expanding over 50s customer segment; an area where we already have real strength and expertise. It also draws on our strengths of technical and operational excellence, and customer care, providing more potential for us to leverage the significant investments made in our business over the last three years and offer our expertise in meeting the unique needs of Saga’s customers.”

    Mike Hazell, CEO of Saga plc said: “We are hugely excited at the opportunity to grow our home and motor Insurance business through this proposed partnership with Ageas. The coming together of Saga’s fantastic brand and Ageas’s unrivalled expertise in operating successful affinity insurance partnerships, would create a winning combination. Our joint reputation for delivering exceptional products and services to people over 50 means this partnership would allow us to serve even more customers with great products at excellent value. Saga is a unique business with a long heritage, great people and loyal customers. We have been clear for some time that developing a partnership approach is the right strategy, providing us with a capital-light route to growth and the ability to reduce debt, leading to the creation of long-term sustainable value for all our stakeholders.”

    Whilst Ageas and Saga are in exclusive negotiations, the Proposed Transaction remains subject to the parties agreeing binding documentation as well as regulatory approvals, and therefore there is currently no certainty that it will occur. A further announcement will be made in due course, as appropriate.

    Proposed terms

    Affinity Partnership

    • The Affinity Partnership would be for a 20-year term, with the ambition to ‘go live’ by the end of 2025.
    • Ageas UK would pay Saga an upfront consideration of GBP 80 million payable at or around the ‘go live’ date.
    • Additionally, Saga may receive contingent consideration of up to GBP 30 million in 2026 and up to GBP 30 million in 2032, subject to certain policy volume and profitability targets being met.
    • SSL would receive commission on the GWP generated over the term of the Affinity Partnership representing the value that SSL will continue to provide through the Partnership.

    Ageas acquisition of AICL

    • Ageas UK would acquire AICL for a total consideration of GBP 67.5 million, subject to customary completion adjustments.
    • Completion of the AICL transaction is targeted in Q2 2025 and is conditional on the signing of definitive transaction documentation and certain regulatory approvals.

    Ageas is a listed international insurance Group with a heritage spanning almost 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 44,000 people and reported annual inflows of more than EUR 17 billion in 2023.

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    The MIL Network

  • MIL-OSI New Zealand: Luxon wraps up East Asia Summit

    Source: New Zealand Government

    The annual East Asia Summit (EAS) held in Laos this week underscored the critical role that the Association of Southeast Asian Nations (ASEAN) plays in ensuring a peaceful, stable and prosperous Indo-Pacific, Prime Minister Christopher Luxon says.

    “My first participation in an EAS has been a valuable opportunity to engage with leaders on complex issues facing our region, from geopolitical tensions to expanding trade. In my statement, I emphasised the importance of regional security to our collective economic prosperity,” Mr Luxon says.

    Mr Luxon confirmed New Zealand will hold an ASEAN-New Zealand Commemorative Leaders’ Summit in Malaysia in November 2025. 

    “This will be a fitting way to mark 50 years of New Zealand-ASEAN dialogue relations next year,” Mr Luxon says.

    “My Government is lifting the energy New Zealand brings to our relationships across Southeast Asia and we continue to deepen our ties with ASEAN. This includes work to upgrade to a New Zealand-ASEAN Comprehensive Strategic Partnership.”

    Mr Luxon held bilateral talks with the leaders of Cambodia, India, the Philippines, Viet Nam and Thailand. He also delivered a speech to the ASEAN Business and Investment Summit.

    “I had a lengthy and warm bilateral with Prime Minister Modi, who invited me to visit India in the new year. We discussed the many connections between India and New Zealand, how we could grow the relationship further, and the contribution the 300,000 India diaspora make to New Zealand both culturally and economically.

    “I also sat with Prime Minister Modi at the Leaders’ Gala dinner where we continued our conversation. We will look at finding a mutually agreeable time to visit India early in 2025.”

    Prime Minister Luxon also met with the Prime Ministers of Canada and Australia in Laos. Prime Ministers Trudeau, Albanese and Luxon traversed common interests such as their work together on the troubling situation in the Middle East, CPTPP, and the Commonwealth.

    Mr Luxon arrives back in New Zealand on Saturday.

    MIL OSI New Zealand News

  • MIL-OSI: Tryg A/S – Interim report Q3 2024 and Q1-Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    Tryg’s Supervisory Board has today approved the Q3 and Q1-Q3 2024 interim report.

    Tryg reported an insurance service result of DKK 2,130m (DKK 1,513m) and a combined ratio of 78.2% (83.8%) in Q3 2024. The insurance service result was supported by significantly lower weather and large claims compared to the corresponding period in 2023. The underlying claims ratio for the Group improved by 30 basis points driven by continued profitability initiatives. The underlying claims ratio for the Private segment deteriorated by 20 basis points while it deteriorated 40 basis points in Q2 2024. Tryg reported a top-line growth of 3.9% (4.4%) in Q3 2024. The top-line development was mainly driven by price adjustments across all segments to offset inflationary pressure, whilst there was a continued and expected drop in the Corporate business following higher churn in the first part of the year and in line with Tryg’s re-balancing strategy. Synergies from the RSA Scandinavia acquisition were DKK 58m in the quarter reaching DKK 864m accumulated. The investment result was DKK 444m (DKK 265m) driven by positive returns across all asset classes. Pre-tax profit was DKK 2,134m (DKK 1,225m) and profit after tax was DKK 1,611m. Quarterly dividend of DKK 1.95 (DKK 1.85) per share increased by more than 5%, and a solvency ratio of 202% supportive of future shareholders’ remuneration.

    Financial highlights Q3 2024

    • Insurance revenue growth of 3.9% in local currencies (4.4%)
    • Insurance service result of DKK 2,130m (DKK 1,513m)
    • Combined ratio of 78.2% (83.8%)
    • Expense ratio of 13.3% (13.3%)
    • Investment result of DKK 444m (DKK 265m)
    • Profit before tax of DKK 2,134m (DKK 1,225m)
    • Quarterly ordinary dividend of DKK 1.95 (DKK 1.85) per share and solvency ratio of 202%

    Financial highlights Q1-Q3 2024

    • Insurance revenue growth of 4.2% in local currencies (4.3%)
    • Insurance service result of DKK 5,617m (DKK 4,745m)
    • Combined ratio of 80.5% (82.9%)
    • Expense ratio of 13.5% (13.3%)
    • Investment result of DKK 908m (DKK 485m)
    • Profit before tax of DKK 5,270m (DKK 3,640m)
    • Dividend per share of DKK 5.85 (DKK 5.55) per share

    Customer highlights Q3 2024

    • Customer satisfaction score of 86 (86)

    Statement by Group CEO Johan Kirstein Brammer:
    We have delivered a solid insurance service result in the third quarter, once again highlighting our strength as a full-scale insurance operator in Denmark, Norway and Sweden. Today’s results are the last before we present our new strategy, and the numbers underpin our expectation of achieving our financial goals for the strategy period. These goals include an insurance service result of between DKK 7.2 and 7.6 billion and a combined ratio at or below 82% by the end of 2024,” says Johan Kirstein Brammer, CEO of Tryg.

    Conference call
    Tryg hosts a conference call today at 10:00 CET. CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen, CTO Mikael Kärrsten and Head of IR, SVP Gianandrea Roberti will present the results in brief followed by Q&As.

    The conference call will be held in English. An on-demand version will be available shortly after the conference call has ended.

    Conference call details:
    Danish participants:              +45 78 76 84 90
    UK participants:                    +44 203 769 6819
    US participants:                    +1 646 787 0157
    PIN: 560768

    The interim report material can be downloaded on http://www.tryg.com/downloads-2024 shortly after the time of release.
    Contact information:

    Visit tryg.com for more information. 

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    The MIL Network

  • MIL-OSI: Sampo plc’s share buybacks 10 October 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 11 October 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 10 October 2024

    On 10 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      4,228 40.86 AQEU        
      36,970 40.85 CEUX
      919 40.87 TQEX
      50,217 40.85 XHEL
    TOTAL 92,334 40.85  

    *rounded to two decimals                

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

    After the disclosed transactions, the company owns in total 8,408,617 Sampo A shares representing 1.53 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

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

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

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

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

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    The MIL Network

  • MIL-OSI Australia: NT Government urged not to lower age of criminal responsibility

    Source: Australian Human Rights Commission

    The National Children’s Commissioner, Anne Hollonds, and the Aboriginal and Torres Strait Islander Social Commissioner, Katie Kiss, have urged the Northern Territory Government to reverse its plan next week to introduce a new law to lower the age of criminal responsibility from 12 to ten years. 

    The Commissioners have again warned that a ‘tough on crime’ approach will in fact contribute to an increase in criminal activity, rather than address the root issues of offending by children by focusing on education, healthcare and family support.  

    National Children’s Commissioner Anne Hollonds said: “We all want to live in safe communities, but this plan by the NT Government goes against what all the evidence has shown we need to do to achieve that. It is absolutely critical that they reconsider. 

    “The younger a child comes into contact with the criminal justice system, the more likely they will go on to commit more serious and violent crimes. Lowering the age of criminal responsibility to 10 years will not make communities safer, it will only see rates of child offending increase. These are primary school age children, and harsh, punitive responses are not the answer. 

    “The fact that this new law will be brought to the NT Parliament clearly shows its government has misunderstood the problem and solutions based on evidence. It also shows the other systems meant to help children with complex needs, and their families, such as health and education, have failed.  

    “I urge the NT government to read our landmark report tabled in the Australian Parliament last month, ‘Help Way Earlier!’ How Australia can transform child justice to improve safety and wellbeing. Our 24 recommendations offer a roadmap for reform that increases community safety and keeps our kids out of prison. Prevention and early intervention to address the drivers of offending by children is the only way we can achieve better outcomes for all.” 

    Social Justice Commissioner Katie Kiss said: ​“Lowering the age of criminal responsibility condemns First Nations children to a lifetime of abuse, deprivation and disadvantage. Our children are disproportionately affected by the failing ‘tough on crime’ approach, which only serves to perpetuate racial profiling and negative stereotyping. 

    “The NT’s proposed laws, which will combine reducing the age of criminal responsibility with the reintroduction of ‘nuisance’ public drinking measures, will have a significant impact on First Nations children in the child justice system and their families. It also undermines the NT Government’s commitments under the national Closing the Gap agreement.  

    “Instead of finding positive solutions, we are instead criminalising First Nations children, and children with disabilities, learning problems and mental health issues. The consequences for us all if this practice continues is dire.  

    “Recent tragedies and deaths in custody and the child protection system clearly show that current approaches are not working. Kids need care, love and support so they can shake off generational disadvantage, have hope for their futures and feel they are valued and belong.  

    “I hope the NT Government heeds our call, listens to the experts and puts the futures of our children front of mind.  We stand ready to offer our support in any way.” 

    ENDS | Media contact: media@humanrights.gov.au or 0457 281 897  

    MIL OSI News

  • MIL-OSI China: Festival celebrates renowned playwright

    Source: China State Council Information Office 3

    The Lao She Theater Festival, an annual cultural event in Beijing, celebrates renowned Chinese playwright and novelist Lao She (1899-1966).

    Named after the famous writer, whose works explore social issues in modern China with wit and humanism, the festival features performances of Lao She’s plays and other contemporary theatrical works, with a highlight on the connection between theatrical productions and literary works.

    On Sept 27, the eighth edition of the festival was announced at the Beijing Tianqiao Performing Arts Center. In the following three months, 35 theatrical productions will be staged in the capital with 90 performances divided into seven sections. The festival showcases a variety of theatrical performances not just by Lao She but also new plays by contemporary playwrights from China and beyond.

    These productions explore themes relevant to modern audiences, including social issues, cultural identity and human nature, according to Yang Cheng, president of the Beijing Artists Management Corp, the festival organizer.

    “Literature can evoke deep emotions through the reader’s imagination and connection to the written word, while theater amplifies this emotional impact by presenting stories live. The immediacy and presence of actors onstage allow audiences to feel the tension, humor or sorrow in real-time, making the emotional engagement more direct,” he says.

    Last year, the festival commissioned director Fang Xu to adapt Lao She’s classic novel Rickshaw Boy into a play. Featuring an all-male cast, the play has been staged in over 20 shows across the country. On Sunday and Monday, it was staged again at the Beijing Tianqiao Performing Arts Center.

    Fang says that while literature is often the product of a single author’s vision, theatrical productions are highly collaborative. The process of staging a play involves writers, directors, actors, set designers and more, contributing their skills to interpret the original text. This collaboration can lead to multiple layers of meaning beyond what is present in the original literary work.

    This year, the festival announced its second commission for the event. Chinese director Zhang Xiao will adapt Chinese writer Du Liang’s popular novel Peking in Flames into a play, which will premiere on Dec 12 with shows running till Dec 15.

    The novel is a historical drama set in Beijing (formerly Beiping) during the late stages of the War of Liberation (1946-49), specifically in 1948, just before the founding of the People’s Republic of China in 1949. The novel was turned into a hit TV drama in 2009 featuring actor Liu Peiqi playing the lead role of Wen San’er, who makes a living by pulling a rickshaw and is depicted as clever, street-smart and knows how to navigate the complex political landscape of Beiping.

    “The novel focuses on the lives of various characters from different social classes caught up in the political and military struggles of the time. Du Liang is known for his detailed and immersive storytelling, bringing historical events to life with rich characterizations and dramatic tension,” says Zhang. “The writer uses the setting of Beiping to symbolize the broader transformation of Chinese society during this period. The character Wen San’er is vivid and, despite his petty, streetwise demeanor, possesses a trait that shines brightly. This trait carries a resilient vitality.”

    On Dec 7 and 8, the festival will stage The Family by the Jiangsu Performing Arts Group adapted from Chinese writer Ba Jin’s novel of the same title. Depicting the oppressive effect of traditional feudal families upon younger generations, the novel is Ba Jin’s most famous and influential work, which has been adapted into different art forms.

    Over the years, the Lao She Theater Festival has expanded to include collaborations with international theater groups, bringing diverse theatrical styles and influences to the event. This has helped position it as a platform for cross-cultural exchange.

    The Armazem Theatre Company from Brazil will debut in Beijing by staging its production Posthumous Memoirs of Bras Cubas from Oct 31 to Nov 3. Adapted from the book by Brazil’s celebrated writer Machado de Assis, the production, directed by Paulo de Moraes, sold out when it was staged during the 10th edition of the Wuzhen Theater Festival — an annual theater event in the ancient water town of Wuzhen, Zhejiang province.

    The Song of the Goat Theatre from Poland will return with its theatrical experiment Hamlet — A Commentary, featuring actors interpreting the characters, events and emotions through sounds. The text is given a melody and the dialogue is presented as musical harmonies. The words and music reflect the characters’ and family’s emotions. In 2019, the theater company staged its production Songs of Lear, an interpretation of Shakespeare’s tragedy King Lear, during the third edition of the Lao She Theater Festival.

    Other highlights of the ongoing festival will include a new section for dance productions. Chinese filmmaker Lu Chuan will present the dance drama Tian Gong Kai Wu, or The Exploitation of the Works of Nature, inspired by the science classic of the same title by Song Yingxing, a scientist who lived in the late Ming (1368-1644) and early Qing (1644-1911) dynasties. First published in 1637, the book offers a summary of ancient China’s manufacturing and farming techniques, earning recognition as an encyclopedia of science and technology. The eponymous drama, coproduced by the Jiangxi Cultural Performance Group and the Beijing Dance Academy, revolves around Song’s quest, portraying his journey to gather the techniques and tools and emphasizing the craftsmanship of ancient Chinese laborers.

    Since its launch in 2017, the festival has supported young theater lovers from various universities. Eighteen theatrical productions by students of Chinese universities will be staged during the festival, selected among 60 productions from 33 universities.

    MIL OSI China News

  • MIL-OSI China: Exhibition on seal carving to go on national tour

    Source: China State Council Information Office 3

    An exhibition on seal carving centered around Beijing’s Central Axis, which opened at the China Millennium Monument’s art museum in Beijing this July, is scheduled to go on a national tour.

    The exhibition is guided by the Beijing Cultural Heritage Bureau and the Beijing Municipal Office for Conservation and Management of Beijing Central Axis, and hosted by Beijing Central Axis Protection Foundation and Beijing Gehua Cultural Development Group, along with more than 70 academic institutions and organizations.

    With over 300 seal-carving works inspired by the Beijing Central Axis and its heritage components, the exhibition presented the traditional seal-carving craftsmanship, while showcasing the latest techniques and innovative forms.

    The exhibition will begin its tour at the Beijing Yintai Center, before going to Beijing’s various districts, as well as other provinces including Hubei and Yunnan.

    Along with the exhibition, two books on seal carving were published, including an exhibition catalog presenting around 260 exhibits, and a guide to the craft.

    At the tour’s opening ceremony, the books’ publishing houses and the Beijing Central Axis Protection Foundation gifted the books to more than 20 museums and educational organizations in Beijing.

    A total of 76 organizations and 82 individuals were awarded with honorary certificates for their contribution to the exhibition.

    MIL OSI China News