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  • MIL-OSI: Himax Technologies, Inc. Schedules Third Quarter 2024 Financial Results Conference Call on Thursday, November 7 at 8:00 AM EST

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, Oct. 08, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, November 7 at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time to discuss the Company’s third quarter 2024 financial results.

    HIMAX TECHNOLOGIES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL
    DATE: Thursday, November 7, 2024
    TIME: U.S. 8:00 a.m. EST  
      Taiwan 9:00 p.m.  
     
    Live Webcast (Video and Audio): http://www.zucast.com/webcast/naEJkyEo
    Toll Free Dial-in Number (Audio Only):
      Hong Kong 2112-1444
      Taiwan 0080-119-6666
      Australia 1-800-015-763
      Canada 1-877-252-8508
      China (1) 4008-423-888
      China (2) 4006-786-286
      Singapore 800-492-2072
      UK 0800-068-8186
      United States (1) 1-800-811-0860
      United States (2) 1-866-212-5567
    Dial-in Number (Audio Only):
      Taiwan Domestic Access 02-3396-1191
      International Access +886-2-3396-1191
         
    Participant PIN Code: 1407507 #
       

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 1407507 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on http://www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where the webcast can be accessed through November 7, 2025.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,683 patents granted and 390 patents pending approval worldwide as of September 30, 2024.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Company Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    http://www.himax.com.tw

    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    http://www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    http://www.mzgroup.us

    The MIL Network

  • MIL-OSI United Kingdom: Early years education too important to be left to chance

    Source: United Kingdom – Executive Government & Departments

    Ofsted has today published the final part in its series of Best start in life research reviews relating to early years education.

    Today’s report focuses on what progress looks like for pre-school aged children in the 4 specific areas of learning – literacy, mathematics, understanding the world, and expressive arts and design.

    The research is clear: early education is too important to be left to chance. A high-quality early years curriculum is particularly important as not all children get the same start in life – for example, due to differences in the level of help they receive at home.

    Today’s report highlights how the 4 specific areas of learning give breadth and richness to the early years curriculum, and show how early learning is connected.

    A strong foundation in literacy and mathematics gives children lifelong benefits and is crucial to their future success. Early literacy development helps with children’s language and vocabulary and can support their emotional understanding. Equally, effective early mathematical learning and encouraging positive attitudes to numbers and maths are crucial to children’s later achievement. Expressive arts provide children with opportunities to learn new skills and be creative. Understanding the world is a broad area and, for babies and young children, learning needs to be connected so they can build on their pre-existing knowledge to learn new ideas in the familiar contexts around them.

    To deliver a high-quality early years curriculum, practitioners need to understand how children develop and learn, so they can plan the next steps in their learning. Teaching in the specific areas should also offer children opportunities to develop their executive function skills, which are one of the best predictors of a child’s later success.

    Today’s report draws together all the findings from the research series and suggests the key indicators of an effective early years education include:

    • interactions between children and adults that are high-quality, including both caring interactions and those promoting children’s thinking. Finding out what children know and can do is more useful than standing back and observing
    • carefully considering what we teach our youngest children so that adults can make the best use of available time and ensure all children learn important knowledge, concepts and ideas
    • helping children to learn new things by making links with things that they already know
    • making sure that what children learn is sequenced appropriately for each area of learning. For example, in mathematics children need to build understanding of concepts in a clear hierarchy, but in other areas a different approach to sequencing might be better
    • developing a child’s executive function, such as a child’s ability to hold information in their working memory and work with that information, is not left to chance. These skills are crucial and do not just develop of their own accord
    • ensuring practitioners avoid making tasks too complicated, so that children’s working memory isn’t overwhelmed
    • setting out activities that children might experience is not enough. Practitioners ensure that learning is not left to chance and that all children have the support and guidance they need

    Sir Martyn Oliver, His Majesty’s Chief Inspector, said:

    A high-quality early education benefits all children, particularly the most vulnerable, and is far too important to be left to chance. Learning in the early years is fundamental to providing children with the tools they need to thrive throughout their education, and beyond. That is all the more important for children from disadvantaged backgrounds. If we get early education right for our most vulnerable children, we’ll get it right for all children.

    Early years practitioners deserve our gratitude for their hard work in making sure that every child gets off to the best start in life. I hope that this research series helps them to consider what an excellent early years curriculum for all children might look like.

    Today’s report builds on the findings of part 1 and part 2. The series of early years reviews aims to help practitioners raise the quality of early years education.

    Press office

    8.30am to 6pm Monday to Friday 0300 013 0415

    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: A strong foundation in Reception and key stage 1 sets children up for success

    Source: United Kingdom – Executive Government & Departments

    Ofsted has today published a report looking at how schools support children to develop the foundational knowledge and skills they need by the end of key stage 1, to give them the best chance of educational success later on.

    • Not all children are finishing key stage 1 with the foundational skills and knowledge they need – particularly the most vulnerable and disadvantaged.
    • Evidence that teaching of early reading is improving, but weaknesses remain in some schools’ English curriculums.
    • Strong curriculum and teaching have greatest impact on children who begin school with the lowest starting points.

    Schools continue to face significant challenges in dealing with the impact of the COVID-19 pandemic on the behaviour and social skills of children currently in Reception and key stage 1. Today’s report identifies areas it might be particularly important for schools to focus on.

    While all schools recognise the importance of the earliest years of a child’s education, the report finds that disadvantaged children who need the most help to secure strong learning aren’t always finishing key stage 1 with the foundational knowledge and skills they will need throughout the rest of their education – the ability to communicate, read, write and calculate as well as strong physical, emotional and social development. This is making it harder for these children to learn in later key stages.

    The report highlights that the teaching of early reading is improving but notes that, beyond the teaching of phonics, schools’ English curriculums are often not effective. Inspectors found that too often children are asked to complete complex reading and writing tasks before they have been taught and practised the knowledge and skills needed to be successful.

    The report also makes clear that strong curriculum and teaching have the greatest impact on children who begin school with the lowest starting points. As a result, any weaknesses in curriculum, teaching or assessment are widening the gaps that already exist between these children, particularly those with special educational needs, and their peers.

    Inspectors found that one of the main barriers to children’s learning in Reception and key stage 1 is where the foundational knowledge they need to know is not clearly identified in the curriculum. This often leaves teachers unsure about what to prioritise in their teaching and assessment.

    The report also notes that chosen teaching methods are not always helping children learn what they need to know, and assessment sometimes fails to help teachers understand what children are able to do. For example, children may be expected to write a story before they have been taught how to form letters and spell the words they want to write.

    Ofsted identifies several examples of good practice. For example, some schools have adapted their curriculum to emphasise language development in response to an increasing number of children joining Reception with speech, language and communication difficulties.

    The report makes a series of recommendations for schools to ensure children build the foundational knowledge and skills they need by the end of key stage 1, including:

    • making sure that the foundational knowledge and skills that children will need for later learning are clearly set out in the curriculum
    • providing children with sufficient opportunities to practise using their foundational knowledge and skills so they become fully embedded
    • making sure that teaching methods are suited to the subject being taught and what children already know
    • ensuring that assessment can pick up children’s misunderstandings quickly so that teachers are able to support those who need extra help at the earliest possible stage
    • making sure that end of key stage assessments do not disproportionately influence decisions about curriculum and teaching methods

    Sir Martyn Oliver, His Majesty’s Chief Inspector, said:

    A child’s first few years at school are vitally important to their future learning and development. We know that by providing children with an excellent early education, we can set them up with the tools they need to flourish throughout the later stage of their education.

    It’s encouraging that there has been some good progress in improving the teaching of early reading and mathematics in primary schools. But schools are still having to navigate the impact of the pandemic, and many children are still catching up on lost learning. It is those children who are most vulnerable who benefit most from a strong start to their education. I hope this report helps teachers and school leaders in developing a curriculum that provides all children with the knowledge and skills that they need.

    Notes to editors

    1. The report draws on evidence from Ofsted’s previous publications as well as 20 visits by His Majesty’s Inspectors (HMI) to schools.
    2. In light of this report’s findings, Ofsted will be reviewing and updating guidance for inspectors to ensure they focus more on how well curriculum, teaching and assessment is enabling children in Reception and key stage 1 to learn foundational knowledge.

    Press office

    8.30am to 6pm Monday to Friday 0300 013 0415

    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Trump Tax: private jet levy could raise £250k every time former President visits Scotland

    Source: Scottish Greens

    The super wealthy are doing terrible damage to our planet.

    A private jet tax could raise £250,000 every time former US President Donald Trump visits Scotland, says Scottish Greens finance spokesperson, Ross Greer.

    The levy would be based on the application of a new ‘super rate’ of Air Departure Tax for private jet passengers. This would be set at 10 times the current top rate of the tax, proportionate to the massively increased level of pollution for private air travel versus regular commercial flights. 

    The distance between Scotland and Trump’s Mar A Lago home in Florida puts it in Band B for Air Passenger Duty, currently set at £581 per passenger at the ‘Higher’ rate. A new Super Rate which reflects the huge damage private jets do to the climate could be set at £5,800. With Trump’s Boeing 757 capable of carrying 43 passengers, a flight to Scotland at this rate would result in a £249,400 fee at the point of departure back to the US.

    All parties agreed to devolve Air Passenger Duty during the Smith Commission ten years ago and an Act of the Scottish Parliament was passed in 2017 to replace it with a Scottish Air Departure Tax. However, this has not yet commenced due to the UK Government’s refusal to allow the exemption for lifeline island flights to continue. Were this to be resolved, the Scottish Government would immediately have the power to implement a super-tax on private jets.

    Ross Greer MSP said: “Most people are trying to play our part in tackling the climate crisis. Our individual efforts are important, but they are totally undermined by the super-rich flying across the world in private jets which are ten times more polluting than regular flights and fifty times worse than trains. It’s time these elites were taxed in line with the massive damage their lifestyle is doing to the planet.

    “Whether it’s Trump jetting between his golf courses, CEOs visiting their yachts or Rishi Sunak flying between parts of the UK with perfectly good rail lines, there’s no justification for it when we can all see the effects of climate breakdown as they devastate communities across the planet.

    “A billionaire uses 820 times as much CO2 as the average person in the UK. They do more damage to the planet before lunch than you do in a whole year. 

    “A private jet tax would raise money for our public services but its real aim would be to keep the super-rich and their destructive toys on the ground. It would of course have the added bonus of keeping the notoriously tight and cash-strapped Donald J Trump out of Scotland. That’s a gift you couldn’t even begin to put a price tag on.”

    NOTES

    Below table is current Air Passenger Duty as set UK-wide, with a new theoretical Super rate which would be applied to private aircraft above a certain size/weight. This Super rate is just ten times the Higher rate, roughly equal to the increased level of emissions per passenger relative to those on regular commercial flights.

    The distance between Orlando (closest major airport to Mar A Lago) and Edinburgh is just under 5,000 miles, so would be band B at £5,800. Trump’s 757 has a capacity of 43 people, so 43 x £5,800 = £249,400.

    Destination

    Reduced Rate

    Standard

    Higher

    New ‘Super’ Rate

    Domestic

    £7

    £14

    £78

    £780

    Band A
    (0 – 2,000 miles)

    £13

    £26

    £78

    £1000

    Band B 

    (2,001 – 5,500 miles)

    £88

    £194

    £581

    £5,800

    Band C

    (5,501 miles and above)

    £92

    £202

    £607

    £6,000

    MIL OSI United Kingdom

  • MIL-OSI Europe: #synod24 – Fourth Session of the Circuli minores – Module II of the Instrumentum laboris – Presentation of His Eminence Cardinal Jean-Claude Hollerich, S.J., general rapporteur of the Second Session of the 16th Ordinary General Assembly of the Synod of Bishops

    Source: The Holy See

    #synod24 – Fourth Session of the Circuli minores – Module II of the Instrumentum laboris – Presentation of His Eminence Cardinal Jean-Claude Hollerich, S.J., general rapporteur of the Second Session of the 16th Ordinary General Assembly of the Synod of Bishops, 07.10.2024
    The following is the presentation of Module II of the Instrumentum laboris dedicated to “Relations”, delivered by His Eminence Cardinal Jean-Claude Hollerich, S.J., general rapporteur of the Synod, during the Fourth Session of the Circuli minores of the 16th Ordinary General Assembly of the Synod of Bishops:

    Presentation of His Eminence Cardinal Jean-Claude Hollerich, S.J.
    Good morning and welcome back, after a Sunday that directed our gaze and our heart on the blood-soaked world in which we live, through the prayer of the Holy Rosary for peace in the Basilica of Saint Mary Major under the guidance of the Holy Father. Our intercession continues today too, through the ancient and traditional practice of fasting, as the Secretary General has already reminded us. I too join in his good wishes for the new members of the College of Cardinals, especially those present here.
    It seems to me that the prayer for peace may help us to put into the right perspective the work we are undertaking taking on the Section of the Instrumentum laboris dedicated to “Relations”: may the yearning for peace be the horizon of our reflection and our exchanges, and may the Lord show us the way to become workers for peace, in the service of all humanity.
    In a practical sense, this Second Module will have the same structure as last week’s, but with more time for plenary work: a good nine hours, corresponding to three General Congregations. In any case, I have asked the Special Secretary, Fr. Giacomo Costa, S.J., to help us refocus on the dynamics of the Module at the end of my introduction.
    At this time, I would like to emphasize the different nature of the Sections we are considering in this module and in the subsequent two compared to the one dedicated to Foundations, which we considered last week. This latter had the purpose of outlining the framework of reference within which our reflection must be located and rooted. Many of the interventions proposed last week contributed to bringing it into sharper focus, to specifying and completing it.
    From now on, we will address three Parts of the Instrumentum laboris – “Relations”, “Pathways” and “Places” – closely intertwined with each other, which “illuminate the missionary synodal life of the Church from different perspectives” (IL2, Introduction). In other words, starting out from the synodal process and above all the fruits of the First Session, gathered together in the Synthesis Report, and in the subsequent consultation of the Local Churches, they endeavour to outline pathways that allow the Foundations to be embodied in the daily life and practices of Christian communities, making them tangible and therefore practicable by the People of God.
    In particular, the session we are considering takes “the perspective of the Relationships – with the Lord, between brothers and sisters and between Churches – which sustain the vitality of the Church in ways more profound than the merely structural”. This network of relationships, which offers points of reference and guidance to people and communities, is multifaceted and crosses through a multiplicity of levels. The text is therefore divided into four paragraphs, each of which focuses on a precise aspect:
    – the paragraph “In Christ and in the Spirit: Christian initiation” considers the foundational relationship with God the Father, in Jesus Christ and in the Holy Spirit, expressed sacramentally in the journey of Christian initiation;
    – the paragraph “For the People of God: charisms and ministries” reflects on the relations between those who have received the gift of Baptism, becoming members of the People of God; the Holy Spirit gives each one of them the capacity to proclaim the Gospel, in the most diverse ways, for the good of all;
    – the paragraph “With ordained ministers: at the service of harmony” focuses on the relationships that safeguard and promote harmony, communion and reciprocity between baptismal priesthood and ministerial priesthood;
    – the paragraph “Between the Churches and in the world: the concreteness of communion” considers the relationships and exchanges of gifts among the many Churches within the single Church.
    The challenge for our work in the coming days is to tune in to the movement that inspires the Instrumentum laboris, capable of holding together the various levels and spheres, and thus reachig out to the concrete life and practices of our communities. It would be easy to remain on a general level and limit ourselves to reiterating the importance of relationships for the development of persons and communities. Christian anthropology offers us endless suggestions in this regard. But I fear it would risk being less than fruitful. The People of God are waiting for indications and suggestions from us on how to make that vision concretely livable: “What is the Holy Spirit inviting us to do to make relationships within our Churches more transparent and more harmonious, so that our witness may be more credible?” Or, with an example more concrete and adherent to the text we are considering: “What does the Holy Spirit invite us to do in order to move “from a pyramidal way of exercising authority to a synodal way’?” (IL2, no. 36). As I think you are guessing, by addressing the Section on “Relations” we are seeking steps to operationalize today the ecclesiological perspective outlined by the Council.
    Finally, I wish to emphasize that the Instrumentum laboris, in this Part as in the following ones, has also endeavoured to gather from the Synthesis Report a series of proposals on which we had reached a consensus last year, but without arriving at a complete definition. The Instrumentum laboris re-proposes them to us, but in an as yet unfinished form. This is a deliberate choice, to let this Assembly take the final step: the work we began a year ago is now waiting to be completed.
    The challenge of the coming days will be to maintain the delicate balance that keeps away the risk of falling into an excess of abstraction on the one hand, or an excess of pragmatism on the other. In the group work as well as in the plenary sessions, we will therefore try to give adequate space both to the plan of inspiration, in connection with what is outlined in the Fundamentals, and to that of practices, without renouncing either of them and without being afraid to draw the outline of concrete proposals that the individual Churches will then be called upon to adapt to the different circumstances.
    As Fr. Giacomo Costa will now remind us, our method is flexible and offers us the space to do so. Thank you for your attention and good work.

    MIL OSI Europe News

  • MIL-OSI USA: Reeling In Marine Energy Data with Expanded Analysis Tools

    Source: US National Renewable Energy Laboratory

    Software Pinpoints Way To Generate Maximum Electricity From Waves, Tides, and Currents


    Marine energy devices have the potential to deliver gigantic amounts of power―if they can survive the ocean’s punishing conditions. Innovative system designs are needed to convert wave movements into electricity, but the sea is vast and complex, and deployment in these remote locations is expensive.

    Created by the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL), Pacific Northwest National Laboratory (PNNL), and Sandia National Laboratories (Sandia), the Marine and Hydrokinetic Toolkit (MHKiT) can save time and money in the assessment of breakthrough technologies in marine renewable energy (MRE) and their performance under a wide range of aquatic conditions.

    [embedded content]

    NREL research involving MHKiT and other tools is helping maximize the amount of renewable marine energy captured from the ocean and other bodies of water. Video by NREL. Text version

    How can researchers and developers overcome obstacles and harness the full potential of MRE, a small fraction of which could provide enough electricity to power approximately 22 million U.S. homes? Part of the solution lies with the measurement of waves and ocean currents, as well as power production, using real-world and modeled data. MHKiT supplies the data validation and standardized analysis tools needed to make informed decisions and maximize the potential clean power generated from this abundant supply.

    Recent updates to the version of MHKiT built for the MATLAB programming platform (MHKiT-MATLAB), which is used extensively by industry engineers and university researchers, allow users to model extreme sea states and visualize theoretical river flow and turbulence. Parallel updates to the version of MHKiT built for the Python programming platform (MHKiT-Python) include additional support for multidimensional data commonly generated by authorities such as the Coastal Data Information Program (CDIP) and the National Oceanic and Atmospheric Administration (NOAA).

    A wave energy converter device preparing for ocean deployment at the Coastal Studies Institute, East Carolina University Outer Banks Campus. Photo by Andrew Simms, NREL

    “New functionality in MHKiT-MATLAB gives more developers the ability to standardize their measurement data, which not only can tell us the amount of energy and turbulence found at each site,” MHKiT-MATLAB Developer and NREL Data Scientist Andrew Simms said. “It also lets us explore site conditions in more in-depth ways, hopefully leading to tidal turbines that can operate reliably for a long time into the future.”

    Both versions of the toolkit provide code needed to maximize the potential of MRE systems. One set of features helps researchers model severe ocean conditions, such as unusually strong and large waves and swells. Other modules make it possible to analyze river and tidal flow data based on acoustic Doppler current profiler measurements. The software helps researchers analyze how new technologies stack up against power performance, power quality, mechanical load, and resource specifications of the International Electrotechnical Commission, as well as the demands of specific marine sites and conditions.

    MHKiT’s reproducible code examples guide users at every stage, from raw measurements to standardized analysis. The free, open-source suite of software gives users full access to MHKiT tools, allowing developers to process their data in a standardized way while gaining a comprehensive understanding of each step of analysis and contributing feedback along the way.

    Going With the Flow of Two Major Programming Platforms

    With recent updates to the toolkit, the large number of researchers, designers, and developers who work in MATLAB-based environments can now use MHKiT to support more areas of their MRE modeling and analysis efforts, as well as contribute to ongoing tool refinement. New MHKiT-MATLAB (v0.5.0) features provide support for modeling extreme ocean conditions and generating river turbine visualizations with Delft3D modeling.

    More extensive enhancements and additions to MHKiT-Python (v0.8.2) offer improved identification and analysis of significant wave events, including crests and crossings, as well as calculations of individual wave heights. The Doppler Oceanography Library for pYthoN (DOLfYN) module adds altimeter support, better handling of data collected on the Nortek software that is standard for CDIP and NOAA, and more robust support for raw data interface (RDI) files. Other updates augment the processing and analysis of dimensional data (NetCDF) while streamlining the overall Python-based development process.

    Lifting Performance With a Rising Tide of Collaboration

    Developers of this hydraulic and electric reverse osmosis wave energy converter are using MHKiT to perform standardized power performance calculations from data collected in the ocean off Nags Head, North Carolina. Photo by Andrew Simms, NREL

    “Yes, MHKiT is a powerful tool, with standardized, validated code, software, and data that make it possible to control analysis quality,” NREL MHKiT-MATLAB Developer Chris Ivanov said. “But its real strengths lie in ongoing contributions of the collaborative community. Partners across the country and around the world help identify areas for future functionality and put modules through their paces in exploring new scenarios and ever-evolving system designs.”

    Since the launch of MHKiT in 2020, the toolkit has been downloaded more than 29,000 times, with more than 30 collaborators contributing features and documentation to shape its functionality. Recently, this extended team has focused on unit testing, continuous integration, and code reviews to keep the software up to date while maintaining its effectiveness and reliability.

    Unit testing ensures that each component of the toolkit functions correctly, while continuous integration automatically evaluates and integrates changes. Regular code reviews help identify and address issues, improving overall code quality.

    Scanning the Horizon for the Next Wave

    Funded by DOE’s Water Power Technologies Office, MHKiT data and software tools are supplemented with clear and comprehensive examples of how to perform many different analysis tasks. In future Python and MATLAB versions, MHKiT developers plan to expand and improve these example notebooks, as well as build modules for acoustic monitoring and continue to refine overall functionality and performance. 

    “Before, most MRE developers were forced to build their own tools for data processing and analysis,” Simms said. “Now, MHKiT gives everyone a head start on data analysis. If we can make analysis as easy and painless as possible, developers can spend more of their time building better devices.”

    Learn more about MHKiT, NREL’s marine energy research and tools, and the laboratory’s leadership in powering the blue economy. And subscribe to the NREL water power newsletter, The Current, for the latest news on NREL’s water power research.

    MIL OSI USA News

  • MIL-OSI Video: Deputy Minister Mr Alvin Botes, delivers a public lecture at at the University of KwaZulu Natal

    Source: Republic of South Africa (video statements-2)

    The Deputy Minister of International Relations and Cooperation Mr Alvin Botes, delivers a public lecture at the University of KwaZulu Natal, Durban, The Public Lecture will focus on a review of South Africa’s role in the world after 30 years of democracy, including challenges and opportunities.

    https://www.youtube.com/watch?v=gU3TdSWafvg

    MIL OSI Video

  • MIL-OSI Economics: By Investing in Technical Training, a Brighter Future Beckons for the Youth of Bhutan

    Source: Asia Development Bank

    Photo Essay | 08 October 2024

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    The Asian Development Bank is ramping up investment in technical and vocational education and training in Bhutan, which is helping to train thousands of students in critical skills that can be applied toward a range of potential careers.

    SHARE THIS PAGE

    MIL OSI Economics

  • MIL-OSI Economics: Result of the 3-day Variable Rate Reverse Repo (VRRR) auction held on October 08, 2024

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 50,000
    Total amount of offers received (in ₹ crore) 9,398
    Amount accepted (in ₹ crore) 9,398
    Cut off Rate (%) 6.49
    Weighted Average Rate (%) 6.49
    Partial Acceptance Percentage of offers received at cut off rate NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1246

    MIL OSI Economics

  • MIL-OSI: Share buybacks in Spar Nord Bank – transactions in week 40

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 61
     

    In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024.

    The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”).

    In last week the following transactions were made under the share buyback programme.

      Number of shares Average purchase price (DKK) Transaction value (DKK)
    Accumulated from last announcement 2,477,097   310,753,175
    30 September 2024 16,400 127.65 2,093,460
    1 October 2024 16,400 126.22 2,070,008
    2 October 2024 16,500 125.32 2,067,780
    3 October 2024 17,000 124.83 2,122,110
    4 October 2024 17,000 125.62 2,135,540
    Total week 40 83,300   10,488,898
    Total accumulated 2,560,397    321,242,073

    Following the above transactions. Spar Nord holds a total of 2,667,970 treasury shares equal to 2.27 % of the Bank’s share capital.

    Please direct any questions regarding this release to Rune Brandt
    Børglum, Head of Investor Relations on tel. + 45 96 34 42 36.

    Rune Brandt Børglum
    Head of Investor Relation

    Attachment

    The MIL Network

  • MIL-OSI: Avenir LNG and Eni sign agreement for the multi-year charter of the Avenir Aspiration

    Source: GlobeNewswire (MIL-OSI)

    London, 08 October 2024, Avenir LNG Limited (NOTC: AVENIR or the “Company”) announces it has signed a Time Charter Party (“TCP”) with LNG Shipping S.p.A., a 100% subsidiary of Eni S.p.A.(“Eni”) for one of the Company’s 7,500cbm LNG Bunker Vessels, the Avenir Aspiration. The multi-year time charter to Eni will commence from delivery in Europe in 2025.

    This agreement further establishes Avenir as the leading provider for modern LNG bunker vessels, both as an owner and operator. With this announcement, the Company continues to deliver on its chartering strategy which has successfully concluded four new term charter agreements over the past 12 months across its fleet of 5 vessels on the water and 2 under construction.

    This charter increases the Company’s third-party charter revenue backlog, including options, to over $285 million, securing additional long term sustainable cashflow for the Group and shareholders over the next decade.

    The Avenir Aspiration currently trades alongside the Avenir Ascension in the Northwest Europe performing small-scale supply services and ship-to-ship bunkering operations as part of Avenir’s physical LNG trading division, Avenir Supply and Trading.

    Mr. Jonathan Quinn, Managing Director of Avenir LNG, commented:

    “We are excited to be working with Eni to support their expansion into the LNG Bunkering market. This transaction further solidifies Avenir as the trusted partner for modern and efficient small-scale LNG vessels as well as delivering on our strategy to facilitate the growth of LNG as a marine fuel globally. We look forward to embarking on this long-term relationship with Eni whom we will serve with the highest safety and operational standards which Avenir has come to be known for.”

    About Avenir LNG Limited

    Avenir is a leading midstream LNG & BioLNG company focused on serving small scale demand for the maritime sector, industrial consumers, and power generation. Avenir owns and operates a fleet of 5 modern LNG bunker and supply vessels with 2 vessels under construction.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI USA: FACT SHEET: Biden-⁠ Harris Administration Announces Over 250 Organizations Made Voluntary Commitments to White  House Challenge to Save Lives from  Overdose

    US Senate News:

    Source: The White House
    Today, the Biden-Harris Administration is announcing that over 250 organizations, businesses, and stakeholders across the country have made voluntary commitments to the White House Challenge to Save Lives from Overdose.
    The Challenge, launched earlier this year, is a nationwide call-to-action to stakeholders across all sectors to increase training on, and access to, life-saving opioid overdose reversal medications like naloxone. The voluntary commitments highlighted today build on progress made under President Biden and Vice President Harris’s Unity Agenda, which calls on all Americans, in red states, blue states¸ and everywhere in between, to come together and help address the nation’s overdose epidemic.
    Under President Biden and Vice President Harris’s leadership, the Biden-Harris Administration has taken historic action and made unprecedented investments to reduce overdose deaths. The Administration removed decades-long barriers to treatment for substance use disorder and expanded access to life-saving overdose reversal medications like naloxone.  The Administration also acted to make naloxone available over-the-counter at groceries and pharmacies for the first time in history. Today, the nation is now seeing the largest decrease in overdose deaths on record.
    The White House received commitments to the Challenge from private and public entities, spanning entertainment and hospitality, professional sports leagues, health care providers, trade associations, schools and universities, technology companies, transportation partners, faith groups, private businesses, and more. A number of organizations and businesses made new voluntary commitments as part of the White House Challenge to Save Lives from Overdose, including:
    Amazon is equipping its North American operations facilities with naloxone and bolstering its emergency response procedures with comprehensive training for employees on how to recognize signs of an opioid overdose and properly administer naloxone. Amazon is rolling out its naloxone program in two phases, starting with its most densely populated fulfillment centers. By early 2025, the program will expand to all of Amazon’s operations sites in the U.S., covering over 500,000 employees at hundreds of sites nationwide.
    American Federation of State, County and Municipal Employees (AFSCME) commits to train its members and staff on proper use of opioid overdose reversal medications. They also commit to including opioid overdose medications in all first aid kits.
    The Association of Flight Attendants-CWA (AFA) is working with the Federal Aviation Administration (FAA) to implement naloxone on flights, including trainings. They previously worked with the FAA to require that Emergency Medical Kits (EMK) carried by passenger airlines include naloxone.
    Atlanta Public Schools (APS) is implementing a district-wide training available to all school staff to recognize and reverse overdose. Currently, 136 APS health and security personnel have completed naloxone training. APS stocks naloxone in every elementary, middle, and high school in the district, serving nearly 50,000 students and 8,000 employees, and has opioid educational posters and brochures to increase school community awareness.
    Butler University formed the Butler Overdose Action Team, comprised of faculty, staff, and student leaders, in response to the White House Challenge to Save Lives from Overdose. The team is leading campus-wide initiatives to increase awareness, training, and access to lifesaving opioid overdose reversal medication, and collaborating with local health organizations in Indianapolis to promote education on opioid use disorder on campus. Butler also recently placed naloxone in all 58 Emergency Kits across campus, and plans are underway for comprehensive naloxone training for students and employees.
    Charleston County School District (CCSD) commits to working with their community and local substance use agencies to provide educational programs on and promote the use of opioid overdose reversal medications (OORM). CCSD’s substance use program commits to educate students, staff, and parents/caregivers about the dangers of illicit fentanyl and how OORM can save lives. In addition, CCSD works closely with district nursing staff on the use and availability of OORM in CCSD’s 83 schools that serve approximately 49,000 students.
    The Dallas Area Rapid Transit Police Department commits to train and equip all of its Police Officers with naloxone. The Department supports a regional transit agency in the Dallas/Fort Worth metroplex, covering six counties and thirteen cities.
    Deloitte LLP will equip U.S.-based Deloitte Offices with naloxone by December 2024. Naloxone will be placed in Automated External Defibrillator (AED) cabinets at its offices across the U.S. Further, Deloitte will train select office personnel to recognize and help treat overdose.
    Keystone Contractors Association (KCA) is recommending to its members that every construction jobsite and contractor’s office have naloxone available on-site. This builds upon KCA’s work in prior years in launching the Pennsylvania Construction Opioid Awareness Week to get resources and training to construction employers to provide to their workers.
    Laborers International Union of North America (LIUNA) commits to reach its 500,000+ members, their families, and LIUNA affiliates with education on the importance of naloxone on jobsites, training on how to use the medication, and information on where and how to get it. This work is in addition to developing and promoting comprehensive safety and health information on opioid use.
    The National Hockey League (NHL) commits to working with its clubs and staff to make life-saving medication readily available across NHL offices and in arenas. NHL is helping clubs make naloxone available at home games with their first aid units, and ensuring on-site personnel are trained to administer it on game nights. NHL is also advising clubs to include naloxone in their travel medical kits, and encouraging its availability in the visiting team’s emergency bags.
    San Diego Metropolitan Transit System (SDMTS) now trains every newly hired Code Compliance Inspector (CCI) from the Transit Security and Passenger Safety Department in the recognition of opioid overdose and issues naloxone as required equipment for staff. In 2024, CCIs administered naloxone nearly 200 times, and the SDMTS Bus Division Road Supervisors also started carrying naloxone. SDMTS started training CCIs to carry and administer naloxone in July 2021 in response to the overdose crisis.
    Commitments from these entities build upon steps taken in recent years by other organizations that joined the White House Challenge to Save Lives from Overdose to address the overdose epidemic. Examples of these actions from organizations include:
    American Heart Association and Opioid Response Network are partnering on the EmPOWERED to End Opioid Misuse and Stimulant Use Disorder Initiative that aims to address opioid and stimulant usage within Black and Hispanic communities. They have partnered with Black and Hispanic churches to implement community trainings and disseminate educational tools to facilitate open and honest conversations with a wide range of people on the stigmatization of people experiencing opioid and substance use disorders.
    International Union of Painters & Allied Trades (IUPAT) District Council 35 prioritizes support for and awareness of mental health and substance use, and provides overdose education and training on naloxone to its members and apprentices. IUPAT also distributes naloxone to its members, apprentices, and jobsites. IUPAT is part of a broader effort by the Massachusetts Building Trades Recovery Council, which has distributed more than 11,000 doses of naloxone to 14 building trades unions across Massachusetts for distribution to their membership. The Recovery Council receives naloxone from Massachusetts’ Bureau of Substance Abuse Services’ Community Naloxone Program.
    The Jacksonville Transportation Authority (JTA) in Florida has developed overdose rescue training for operations, safety, and security staff, and implemented a ‘bus marshal’ program, where naloxone-equipped security officers ride strategically-targeted routes. This led to saving the life of a bus passenger who was experiencing overdose. JTA also launched ‘Safety on the Move’, delivering free overdose prevention and rescue training and naloxone kits to at-risk communities in partnership with Drug Free Duval, Community Coalition Alliance, Centers for Disease Control and Prevention (CDC) Foundation, and North Florida High Intensity Drug Trafficking Area (HIDTA) Overdose Response Strategy.
    The North Carolina Council of Churches (NCCC) hosts a Partners in Health and Wholeness initiative that works to bridge the issues of faith, health, and justice. This includes the Overdose Response program that offers opioid workshops to faith communities that seek to learn more about the opioid crisis and how they can help with response, and incorporates naloxone distribution upon request. They also received grant funding to provide local churches with resources for opioid-related initiatives for their members. 
    The Restaurant Association Metropolitan Washington (RAMW) has more than 1,400 businesses in its membership, including restaurants, food and hospitality vendors, and allied businesses that work within the food industry in DC, Northern Virginia, and Suburban Maryland. RAMW began partnering with the DC Department of Behavioral Health (DBH) to provide overdose education and naloxone distribution to restaurants in DC, including large trainings for business improvement districts. Restaurants can order a kit to receive by mail from RAMW’s website.
    The San Francisco Entertainment Commission is partnering with the San Francisco Department of Public Health to raise awareness about the presence of illicit fentanyl at and around nightlife spaces, and increase the entertainment industry’s access to life-saving naloxone. To date, they have led in-person trainings for staff at 18 nightlife businesses in San Francisco, distributed 300+ doses of naloxone at outreach events, and reached approximately 900 nightlife attendees through on-stage overdose prevention trainings before performances and other events.
    This Must Be the Place is a nonprofit providing free naloxone to attendees at music venues and festivals across the country. They committed to passing out over 60,000 free kits of naloxone at places like Lollapalooza, Bonnaroo, Austin City Limits, and Dreamville. Seventy percent of the population they reach are receiving naloxone for the first time.
    United Airlines equips each of its enhanced medical kits on every aircraft and station across the network with opioid overdose reversal medications. All of United’s 28,000+ flight attendants are annually trained in the proper use of these life-saving medications. Over the past five years, United has purchased nearly 1,200 units annually, ensuring greater safety for both passengers and crew, including flight attendants and pilots.
    The University of Rhode Island (URI), through its Cooperative Extension program, established the Community First Responder Program (CFRP). CFRP provides more than 50,000 kits annually. CFRP offers in-person and online educational trainings for the public at schools and town halls, and to healthcare providers, first responders, police, and more. They also distribute naloxone and safer-use kits at events in partnership with CVS Health and the U.S. Postal Service. CFRP has expanded services to rural regions of five other New England states through a grant from the Substance Abuse and Mental Health Services Administration (SAMHSA). CFRP is expanding its regional rural overdose education via collaborations with New Hampshire Cooperative Extension, Husson University School of Pharmacy (Maine), University of Maine Cooperative Extension, Western New England University College of Pharmacy (Massachusetts), and University of Vermont Cooperative Extension. As naloxone is often inaccessible to New England’s rural regions, CFRP offers to mail no-cost naloxone to participants completing its online interactive module, “Become a Community First Responder.”
    Additional voluntary commitments can be found here.
    In support of President Biden and Vice President Harris’ whole-of-government approach to address the overdose epidemic, federal agencies are working to help expand access to life-saving opioid overdose reversal medications like naloxone and save even more lives. These efforts also align with updated Guidelines for Safety Station Programs in Federal Facilitiesreleased in December 2023:
    The United States Department of Agriculture (USDA) has authorized first responders in its Office of Safety, Security and Personnel and throughout the U.S. Forest Service who are equipped and trained in the administration of opioid overdose reversal medications (OORM).  Additionally, USDA’s Center for Faith-Based and Neighborhood Partnerships has provided OORM trainings to over 40 community partners across 15 states as part of its Rural and Farming Communities Mental Health and Suicide Prevention work. USDA remains committed to continuing and expanding the reach of these trainings.
    The Department of Commerce‘s Office of Export Enforcement (OEE) is training Special Agents in the use of opioid overdose reversal medications (OORM) in October 2024, allowing OEE Special Agents to safely and effectively deploy them. OEE will have OORM accessible during all preplanned enforcement operations by January 2025. 
    The Department of Defense (DoD) is committed to opioid safety and prevention of overdose. To strengthen DoD’s emergency response protocols, naloxone is available across installations in the Continental United States and training programs have been expanded, ensuring first responders are equipped and trained. The DoD remains committed to the safety and prevention of overdose by continuing its efforts to provide naloxone access to DoD first responders and investigators and to provide associated trainings beyond DoD first responders.
    The U.S. Department of Health & Human Services (HHS) is increasing training on and access to naloxone. The Indian Health Service (IHS) now mandates annual overdose response training for all IHS employees, contractors, students, and volunteers. Further, before 2025, naloxone training and a guide on procuring naloxone (i.e., using state standing orders, city and county public health departments, etc.) will be available to all U.S. Public Health Service Commissioned Corps officers, and naloxone will be available in safety stations at all HHS regional offices. Substance Abuse and Mental Health Services Administration (SAMHSA), in partnership with the Program Support Center (PSC) and the Office of the Assistant Secretary of Health (OASH), will equip all AED stations in its headquarters with naloxone, and SAMHSA hosted an annual naloxone training for all staff as part of its International Overdose Awareness Day recognition. Additionally, naloxone training will be added to the HHS Learning Management System available to all HHS personnel, including volunteer Federal Civilian Responders.
    The Department of Homeland Security (DHS) issued, and recently updated, a policy regarding the Administration of Naloxone by Non-Healthcare Providers. This policy directs DHS agencies and offices to identify their workforce populations at higher risk of exposure and develop a program to equip them with both naloxone and the training to use it.  The DHS Office of Health Security (OHS) developed virtual and in-person training modules that DHS agencies and offices can use to train their non-healthcare providers or as the basis for developing their own workforce-specific training. DHS continues to work to operationalize formal programs that equip non-healthcare providers with Component-procured naloxone.
    The Department of the Interior (DOI) has issued guidance on the training, carrying, and use of naloxone by DOI employees who may come into contact with persons suspected of opioid overdose during their normal course of duties. The guidance allows critical first responders – including emergency medical responders and emergency medical technicians (EMR/EMT), firefighter EMTs, and law enforcement officers – to have access to opioid overdose reversal medications at various sites nationwide, including national parks and tribal lands. As DOI components continue to conduct risk assessments to identify high-risk areas and appropriate personnel to be trained, the Department is poised to implement vital resources efficiently to preserve life and protect the public.
    The Department of Justice (DOJ) has enacted policies so employees most likely to encounter overdose victims have access to opioid overdose reversal medications (OORM) and the training to safely and effectively deploy them. Pursuant to these policies, its law enforcement agencies – Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), Drug Enforcement Administration (DEA), Federal Bureau of Investigation (FBI), and U.S. Marshals Service – will have OORM accessible during all preplanned enforcement operations; all Federal Bureau of Prisons staff at all sites will have access to OORM 24 hours a day; and all DOJ public-facing facilities and law enforcement facilities will have safety stations equipped with OORM.
    The United States Postal Service (USPS) has trained 59,000 employees in 1,318 facilities in U.S. counties facing high numbers of overdose deaths in response to the White House Challenge to Save Lives from Overdose. Also, USPS has procured and distributed naloxone to first aid kits in these facilities. As the USPS continues it communication activities on overdose prevention, it expects to reach over 500,000 employees, many of whom have public-facing roles as part of the Postal Service’s ubiquitous footprint across the United States. 
    The Department of Veterans Affairs (VA) is working to make training available to all employees by December 2024 and will develop and issue a policy statement to support naloxone implementation by March 2025. VA also pledges to ensure opioid overdose reversal medications are available in all high-risk Veterans Health Administration health care areas, including at VA Medical Centers and outpatient clinics, and in all Vet Centers by the end of 2025.
    Read more on the White House Challenge to Save Lives from Overdose HERE.
    Read more on the Biden-Harris Administration actions to address the overdose epidemic HERE.

    MIL OSI USA News

  • MIL-OSI USA: FACT SHEET: Biden-⁠ Harris Administration Holds Workforce Hub Convening in Milwaukee, Announces Commitments to Expand Pathways into Good-Paying  Jobs

    US Senate News:

    Source: The White House
    Today, President Biden announced new actions from his Investing in America agenda to connect Milwaukee, Wisconsin residents to good-paying jobs, including replacing lead pipes and upgrading infrastructure through the Milwaukee Workforce Hub. The city’s Hub is one of nine Investing in America Workforce Hubs launched by the Biden-Harris Administration to ensure all Americans —including women, people of color, veterans, and other that have been historically left behind–have access to job opportunities, and the training needed to fill them. This announcement comes during President Biden’s visit to Milwaukee, where he announced EPA’s final rule to replace lead pipes within a decade and announced $2.6 billion in new funding to deliver clean drinking water nationwide. Thanks to funding from President Biden’s Bipartisan Infrastructure Law, infrastructure projects totaling nearly $100 million are in the works across the City of Milwaukee. As part of these investments, the city has begun replacing 100 percent of its lead service lines, reducing the timeline for replacement from 60 years to 10 years in alignment with the President’s goal. The Biden-Harris Administration will create thousands of jobs for Milwaukee residents through these investments, and will continue to collaborate with local organizations, ensuring the city is training the skilled workers needed to accomplish these projects. The City of Milwaukee and the Milwaukee Metropolitan Sewerage District are leading the charge in creating workforce opportunities for the community. Today, collaborators in the Milwaukee Workforce Hub are announcing commitments that will expand pathways into these good-paying jobs to meet the President’s goal. Scaling Up and Expanding Apprenticeships Registered apprenticeships are the gold-standard model for training a new generation of workers in the skilled trades and provide pathways to high-quality jobs for women and other historically underrepresented groups. Since taking office, the Biden-Harris Administration has invested more than $730 million to expand Registered Apprenticeships and pre-apprenticeships nationwide, leading to the hiring of more than 1 million apprentices. In Milwaukee, local organizations are taking steps to use more apprentices on public projects and prioritize graduates of local pre-apprenticeship programs which serve underrepresented populations. These steps build on the city’s existing program, which puts residents on a path to a journey-level position in a skilled trade.    In total, these actions will create opportunities for hundreds of new apprentices and help to grow certified pre-apprenticeship programs serving underrepresented populations, including high school students from Milwaukee Public Schools. These opportunities include:
    The City of Milwaukee’s Department of Public Works and Milwaukee Water Works will run a pilot from 2025 to 2027 and require that 10 percent of all labor hours within each craft go to apprentices—half of whom must come from certified pre-apprenticeship programs that serve residents of Milwaukee who are currently underrepresented in apprenticeships. The new requirement would apply to multiple major road construction bids totaling $102 million, including a $36 million Reconnecting Communities project to reconnect communities divided by a road that prioritizes vehicle traffic over bikers and pedestrians, and a $24.3 million RAISE project to make complete streets improvements along one and a half miles of Villard Ave, including raised bike lanes, signal improvements, and curb extensions. The pilot will apply to all contracts replacing at least 300 lead service lines, creating 175 apprentice jobs and covering an estimated $82 million of lead service line replacement funding from President Biden’s Bipartisan Infrastructure Law.
    Milwaukee Metropolitan Sewerage District (MMSD) will also change their procurement policies to require apprenticeships for all crafts working on all their projects, helping to bring new workers into specialized crafts like pipefitting and operating engineers. For 2025, this policy would apply to construction bids totaling approximately $90 million for the reclamation facilities, the conveyance system, and flood management projects. This policy is estimated to create at least 80 apprentice jobs, 40 percent of whom will be required to come from certified pre-apprentice programs serving traditionally-underrepresented residents of Milwaukee.  
    The Wisconsin Department of Transportation (WisDOT) continues its efforts to develop a local workforce to build state highways. Currently, WisDOT has implemented a Federal Highway Administration pilot on a $65 million freeway project which sets incentives for local residency workforce and apprentice requirements as part of federally funded highway projects. The department will consider the use of the special provisions in future projects to grow this effort in the Milwaukee area.
    Milwaukee area unions and postsecondary providers have committed to increase their apprenticeship classes as demand for apprentices on public contracts increases—projecting to increase classes by at least 200 apprentices. Specific union level increases include 50 new apprentices from the Laborers’ International Union of North America, 70 from the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers, 75 from the United Brotherhood of Carpenters and Joiners of America, and 20 from International Brotherhood of Electrical Workers.
    The City of Milwaukee’s Environmental Collaboration Office will also implement a Community Benefits Agreement as it builds a new public Electric Vehicle (EV) charging network in the city through a nearly $15 million federal grant from US Department of Transportation. This Community Benefits Agreement will require electrician apprentices on each EV charging installation and include local hire requirements consistent with the City of Milwaukee’s Resident Preference Program.  At least 40 percent of the chargers will be put in historically disadvantaged communities.
    Expanding Pipelines into Apprenticeship
    These expanded registered apprenticeship slots will create new opportunities for hundreds of workers in the Milwaukee area. The Milwaukee Workforce Hub will work to ensure every resident has access to these opportunities, by investing in pre-apprenticeship programs that offer disadvantaged communities a chance to develop the skills and work experience needed to succeed in these apprenticeships. As a result of the Milwaukee Workforce Hub, dedicated funding for pre-apprenticeships in the area will grow by at least $650,000.
    The Wisconsin Regional Training Partnership/Building Industry Group & Skilled Trades Employment Program (WRTP | BIG STEP) currently serves 1,000 individuals every year and has been a leader in the Milwaukee construction sector for decades. In the coming months and years, WRTP | BIG STEP will lead the workforce hub’s construction sector coordination and job training, convening industry partners to develop workforce programs that provide Milwaukee residents access to good-paying and union job in the skilled trades. New investments include:
    MMSD will invest $350,000 in WRTP | BIG STEP for certified pre-apprenticeship programs, including transportation assistance, stipends while participants are in training, and on-going placement and retention for first-year apprentices.
    Employ Milwaukee and philanthropic organizations will invest up to $400,000 in additional funding for WRTP | BIG STEP, including capacity building to increase participation in apprenticeship-readiness initiatives. Employ Milwaukee, the workforce board for Milwaukee, will use formula funds from the U.S. Department of Labor to support innovative customized training cohorts in to meet the needs of the local construction industry with a goal of training 60-80 workers.
    Unions in the Milwaukee region will expand their investment in WRTP | BIG STEP. Unions have been investing about $625,000 per year in this pre-apprenticeship program, which trained over 1,000 people in 2023. Over the next two years, regional trades are striving to increase their investments in WRTP | BIG STEP to at least 3 cents per hour of member work on regional mega projects, including a $3.3 billion data center being built by Microsoft in Southeast Wisconsin. Unions will also partner with Milwaukee Public Schools to prepare students for pre-apprenticeship programs.
    Providing Supportive Services
    The Milwaukee Workforce Hub will also support residents as they begin working in these growing fields, by helping residents with supportive services, including career navigation services and stipends. These investments will help ensure that workers have the resources and skills they need for continued success in the industry.
    The Wisconsin Department of Transportation will invest $507,000 in workforce development through the Highway Construction Skills Training (HCST) program. WRTP | BIG STEP receives $143,800 in funding from WisDOT to run HCST. This year, WisDOT used grant funding from US DOT to lead a pilot to expand stipends and supportive services for job training participants in HCST. Lessons learned from the pilot, will be used to look at where stipends and higher supportive services help increase graduates in the program. 
    MMSD is partnering with Employ Milwaukee and Milwaukee Community Services Corps to provide career navigation services and paid work experience for 64 participants in water sector careers with $1 million from the U.S. Department of Labor. The funding also supports the development of water industry career pathways and competency maps in partnership with the Council for Adult & Experiential Learning.
    Additional Federal Support for Workforce Development
    In addition to commitments from partners, the Biden-Harris Administration is making millions in direct investments in Milwaukee to support job training and upskilling to meet the need for these historic investments.
    EPA’s Great Lakes Restoration Initiative will incorporate key workforce development and labor best practices into the estimated $320 million in Bipartisan Infrastructure Law and other funding to clean up the Milwaukee Estuary Area of Concern. EPA will, for the first time, incorporate Project Labor Agreements into contract task orders with an estimated $275 million in Bipartisan Infrastructure Law funding. This initiative will support local and regional jobs cleaning up contaminated sediments in the Milwaukee Estuary Area of Concern. In addition, EPA is collaborating with local organizations to support local workforce development as part of the estimated $45 million in activities to restore important habitats across Milwaukee.
    The City of Milwaukee Water Works is partnering with Employ Milwaukee to upskill at least 60 city of Milwaukee workers in occupations to support the replacement of lead service lines. Employ Milwaukee is using $500,000 from the U.S. Department of Labor Community Project Funding to fund this partnership.
    Employ Milwaukee also received a $5 million Building Pathways to Infrastructure Grant from the U.S. Department of Labor that will prepare more than 480 unemployed and underemployed individuals for high-demand infrastructure jobs, including advanced manufacturing, information technology, and professional, scientific, and technical service occupations that support the growing sectors of renewable energy, transportation, and broadband infrastructure. Over $900,000 from this grant is going to the Milwaukee Area Technical College to assist underrepresented populations in accessing academic and non-academic support to enter civil engineering and drafting occupations that will support transportation and water investments from the Biden-Harris Administration. Other partners in the grant include Waukesha Area Technical College, Wisconsin Department of Workforce Development Bureau of Apprenticeship Standards, WOW Workforce Board, MKE Tech Hub, City of Milwaukee, and a variety of employers.
    The City of Milwaukee is investing more than $25 million in American Rescue Plan (ARP) funding to remediate lead paint. To help meet that demand, the City provided $3 million for Employ Milwaukee’s Healthy Homes Construction Careers Program, which is designed to connect trained workers with lead abatement certifications to contractors who are paid by the City of Milwaukee Health Department to remediate high lead risk homes. The training is free to the student, including the cost of training, certification, exam fees, stipends, incentives, and wages during work experience. To date, 344 workers had been enrolled in training so far.
    The Wisconsin Biohealth Tech Hub received nearly $50 million through President Biden’s CHIPS and Science Act to establish the region as a leader in personalized medicine. Biden-Harris Administration funding for the Wisconsin Tech Hub will create inclusive talent pipelines that can help develop and deploy cutting edge medical technologies; addressing workforce challenges that often face new industries.

    MIL OSI USA News

  • MIL-OSI USA: FACT SHEET: Biden-⁠ Harris Administration Issues Final Rule to Replace Lead Pipes Within a Decade, Announces New Funding to Deliver Clean Drinking  Water

    US Senate News:

    Source: The White House
    Since President Biden Took Office, Over 367,000 Lead Pipes Have Been Replaced Nationwide, Benefitting 918,000 People
    President Biden and Vice President Harris are fighting to ensure a future where every community has access to clean, safe water. Since Day One, the Biden-Harris Administration has worked to ensure that every American can turn on their tap and drink clean water without fear of lead and other toxic chemicals. As part of this historic commitment to clean water and environmental justice, President Biden committed to replace every lead pipe in the country within 10 years, issuing a comprehensive Lead Pipe and Paint Action Plan to achieve that goal.
    Today, to deliver on this promise, President Biden is traveling to Milwaukee, Wisconsin, to announce that the Environmental Protection Agency is issuing a final rule that will require drinking water systems nationwide to replace lead service lines within 10 years. EPA is also investing an additional $2.6 billion for drinking water upgrades and lead pipe replacements, funded by President Biden’s landmark Bipartisan Infrastructure Law.  This announcement comes as part of the President’s commitment to spend his remaining months in office “sprinting to the finish” and delivering on his historic Investing in America agenda, which is improving the lives of Americans and planting the seeds for a better, more prosperous future for decades to come.
    In its first year, the Biden-Harris Administration announced that it would develop this new rule, known as the Lead and Copper Rule Improvements, to establish the first-ever national requirement to replace all lead service lines. Since then, President Biden secured a historic $15 billion in dedicated funding for lead pipe replacement, and hundreds of thousands of Americans have already had their lead pipes replaced. Because of the President’s actions today, millions more will benefit from lead-free infrastructure in the years to come.
    Lead poisoning can cause serious health effects, especially in children. It can cause irreversible damage to cognitive development, damage the kidneys, slow learning, and cause cardiovascular disease. Lead exposure can also impact pregnancies, increasing the risk of low birthweights or even miscarriage. No level of lead exposure is safe. Yet, due to decades of inequitable infrastructure development and underinvestment, lead poisoning disproportionately affects low-income communities and communities of color.
    Today’s announcement will help protect Americans in communities across the country from these harms – the EPA estimates that every year, this final rule will prevent up to 900,000 infants from being born with low birthweight, stop up to 200,000 IQ points lost in children, and reduce up to 1,500 cases of premature death from heart disease.
    To build on these commitments, today, the Department of Housing and Urban Development is investing over $416 million in new grants, prioritizing lead hazard reduction to protect children, alongside efforts to improve home health, energy efficiency, and community safety. HUD will provide funding to address lead-based paints in homes, develop training and partnerships to identify and control lead-based paint hazards, coordinate home inspections and more.
    Replacing Lead Pipes in Milwaukee
    Lead pipe replacement is actively underway in Milwaukee through a $30 million investment provided by President Biden’s Bipartisan Infrastructure Law. Bipartisan Infrastructure Law funding has accelerated Milwaukee’s lead replacement timeline from 60 years down to 10 years. Milwaukee is replacing lead pipes using union labor and prioritizing replacements in disadvantaged communities with the most need. The city is now a leader in the region, partnering with cities like Detroit in the Great Lakes Lead Pipes Partnership to accelerate lead pipe replacement across the Midwest.
    Progress Replacing Lead Pipes Across America
    Beyond Milwaukee, the Biden-Harris Administration is taking action to accelerate lead pipe replacement nationwide. President Biden secured a historic $15 billion in dedicated funding through the Bipartisan Infrastructure Law for lead pipe replacement, and an additional $11.7 billion that can be used for both drinking water projects and lead pipe replacement. Nearly half of this funding is required to flow to disadvantaged communities, including in neighborhoods and communities that shoulder most of the burden of lead poisoning. In addition to providing clean drinking water for millions, this effort is also creating good-paying jobs, many of them union jobs, in replacing lead pipes and delivering clean water to households. This effort also advances the President’s Justice40 Initiative, which sets the goal that 40% of the overall benefits of certain federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
    These actions from the Administration have already put cities across the country on track to meet the President’s goal of replacing every lead pipe within a decade:
    Detroit, Michigan, has received $90 million from this Administration for lead pipe replacement, which has allowed the city to accelerate from replacing 700 lead pipes per year to replacing over 8,000 this year. Detroit is now on track to replace all 80,000 lead pipes within 10 years.
    Pittsburgh, Pennsylvania, has received $98 million from the Bipartisan Infrastructure Law and American Rescue Plan to replace lead pipes, and is on track to replace every lead pipe by 2026. The city is already over halfway done with this work.
    St. Paul, Minnesota, received $16 million from the American Rescue Plan to enable the city’s Lead-Free St. Paul program to target the replacement of all lead pipes by 2032.
    Denver, Colorado has accelerated its efforts through $76 million from the Bipartisan Infrastructure Law, allowing the city to be on track to replace all lead pipes within a decade.
    Akron, Ohio is now on track to replace all lead service lines by 2027 thanks to $9 million in funding through the American Rescue Plan.
    And some communities have already finished replacing lead pipes. Following a lead-in-water crisis, Benton Harbor, Michigan, successfully replaced all its lead pipes within just two years, fueled by $18 million in funding from the President’s American Rescue Plan. And Edgerton, WI has replaced 100% of its known lead pipes after receiving funding from the Bipartisan Infrastructure Law.
    Delivering Clean Water
    The Bipartisan Infrastructure Law includes more than $50 billion to help ensure every community has access to clean water – the largest investment in clean water in American history. Combined with new protections against toxic chemicals and over 42 million acres of lands and waters protected under President Biden, the Biden-Harris Administration has embarked on the most ambitious conservation and clean water agenda in the nation’s history, making historic progress to secure clean water for all. Highlights of this ambitious agenda include:
    Combatting toxic “forever chemicals” in drinking water and wastewater. The Bipartisan Infrastructure Law invests $10 billion to address harmful PFAS pollution in drinking water and wastewater. The EPA has also finalized the first-ever national standard to address these “forever chemicals” in drinking water, which will protect 100 million Americans from PFAS exposure, safeguarding public health and advancing environmental justice.
    Protecting freshwater at the source. Our rivers, lakes, streams, and wetlands are the sources of clean drinking water that flows into our homes and economic drivers for many communities. Through the America the Beautiful Freshwater Challenge, the Administration has launched a nationwide initiative to protect, restore, and reconnect 8 million acres of wetlands and 100,000 miles of our nation’s rivers and streams by 2030. Over 200 states, Tribes, local governments, and businesses have joined the effort to meet these goals.
    Investing in clean water for Tribes. The Biden-Harris Administration has announced historic Tribal water infrastructure investments totaling over $5 billion through the Bipartisan Infrastructure Law. This funding will help bring clean water to Tribal Nations, where half of Tribal households lack access to basic clean drinking water or adequate sanitation. The Administration has launched 900 Tribal clean water infrastructure projects to date through these investments.
    Investing in Wisconsin
    Today’s announcement builds on a record of investment in the state of Wisconsin over the course of the President’s term in office. In addition to the President delivering on lead pipe replacement, the President’s Investing in America agenda has deployed $7.2 billion in public sector clean energy, manufacturing, and infrastructure investments, which have catalyzed an additional $8 billion from the private sector.
    These investments include:
    $1.7 billion in funding to provide affordable, reliable high-speed internet to everyone in Wisconsin, with 72,000 homes and small businesses already connected.
    $4.1 billion for transportation – to rebuild our roads and bridges, expand our transit and rail, modernize our ports and airports, and more. This includes $1 billion in funding that the Biden-Harris Administration announced earlier this year to replace the Blatnik Bridge, an important route for people and freight in the Twin Ports area.
    1.3 million seniors and Medicare beneficiaries who can receive free vaccines, $35 insulin, and, starting in January, a $2,000 cap on out-of-pocket costs.
    $3.3 billion from Microsoft to bring a new data center that will create over 4,000 jobs to Racine, Wisconsin on the site of a proposed investment from Foxconn in the prior Administration that never materialized.

    MIL OSI USA News

  • MIL-OSI USA: White  House Press Call by Deputy Chief of Staff Natalie Quillian, EPA Administrator Michael Regan, and a Senior Administration Official Previewing the President Trip to  Wisconsin

    US Senate News:

    Source: The White House
    Via Teleconference
    11:34 A.M. EDT
    MR. FERNÁNDEZ HERNÁNDEZ:  Hi.  Good morning, everyone.
    Thank you for joining today’s press call to preview President Biden’s trip to Wisconsin and the Biden-Harris administration’s efforts to ensure every community has access to clean, safe drinking water.
    Today’s call will begin with on-the-record remarks from White House Deputy Chief of Staff Natalie Quillian and EPA Administrator Michael Regan.  After their remarks, we will have a question-and-answer period, which will be on background and attributable to “senior administration officials.”
    As a reminder, the contents of this call and the written materials you received over email are embargoed until tomorrow, October 8th at 5:00 a.m. Eastern.
    With that, I will turn it over to Natalie.  
    MS. QUILLIAN:  Great.  Thank you.  And thank you all for joining us today. 
    I’d like to begin with the big picture.  So, since day one, the president and the vice president have been clear that all Americans, no matter where they come from, should have access to their most basic needs, including being able to turn on the tap and drink clean drinking water without fear.
    We know that there is no safe level of lead exposure.  Lead service lines pose a severe health risk, especially in our children, damaging the brain and kidneys.
    That’s why the president committed to replace every lead pipe in the country within a decade.
    But he didn’t stop there.  He secured over $50 billion to deliver clean water through his Bipartisan Infrastructure Law, including $15 billion in dedicated funding for lead pipe replacement.
    Since then, Americans have had their lead pli- — pipes replaced, especially in disadvantaged communities, many of which are communities of color that shoulder most of the burden of lead poisoning.
    And tomorrow, the president is furthering his commitments to provide clean, lead-free water nationwide. 
    He’ll be traveling to Milwaukee, Wisconsin, to announce EPA’s final rule that will require water systems nationwide to replace lead service lines within 10 years.  He will also announce an additional $2.6 billion from his Bipartisan Infrastructure Law for drinking water upgrades and lead pipe replacements.
    This funding not only provides clean drinking water, but this effort is also creating good-paying jobs, many of them union jobs, in replacing lead pipes and delivering clean water.
    This investment will accelerate lead pipe replacement, helping to deliver clean water to families, kids, and communities across the nation.
    And in Wisconsin, we’re already seeing the results.  Wisconsin has an estimated 340,000 lead pipes, the 10th most lead pipes of any state.  And because of the president’s Bipartisan Infrastructure funding, Milwaukee’s lead pipe replacement timeline has accelerated from 60 years just down to 10 years.
    And Milwaukee is now actively replacing lead pipes, using union labor, prioritizing replacements in disadvantaged communities with the most need.
    And this announcement comes as part of the president’s commitment to spend his remaining months in office sprinting to the finish and delivering on his historic Investing in America agenda, which is improving the lives of Americans and planting the seeds for a better, more prosperous future for decades to come.
    And now I’d like to turn it over to an amazing leader who is helping make this all possible, Administrator Regan. 
    Administrator.
    ADMINISTRATOR REGAN:  Well, good morning, everyone.  And thank you all for joining this call.
    (Inaudible) in implementing President Biden and Vice President Harris’s Investing in America agenda.  Your partnership is helping EPA (inaudible). 
    Since the earliest days of this administration, and even before, President Biden had a vision to build a 100 percent (inaudible).
    (Inaudible) understands the urgency of getting the lead out of communities, because he and Vice President Harris know that ensuring everyone has access to clean water is a moral imperative.
    We know that over 9 million legacy lead pipes continue to deliver water to homes across the country.  But the science has been clear for decades: There is no safe level of lead in our drinking water. 
    In children, lead can severely harm mental and physical development, slow down learning, and irreversibly damage the brain.  In adults, lead can cause (inaudible) and even cancer.
    But thanks to President Biden and Vice President Harris, we are moving farther and faster than ever before to address this critical issue.
    PARTICIPANT:  Do we have an audio issue, Angelo?
    MR. FERNÁNDEZ HERNÁNDEZ:  Yep.  Can we try your connection one more time?
    PARTICIPANT:  Hold on one second.  We’re troubleshooting.  Sorry, everybody.  Hold on one second.
    We — anything — is this better, Angelo?  This is Nick with Administrator Regan.
    MR. FERNÁNDEZ HERNÁNDEZ:  Yep, that is better.
    PARTICIPANT:  Okay.  Should we start from the top or is there a certain point we should pick up at?
    MR. FERNÁNDEZ HERNÁNDEZ:  Let’s start at the top.  Thank you.
    PARTICIPANT:  Okay.  Thank you.
    ADMINISTRATOR REGAN:  Well, good morning, everyone.  And thank you all for joining today’s call. 
    And I’d like to start by thanking the president’s deputy chief of staff, Natalie Quillian.  Natalie, I’m so grateful for your leadership in implementing President Biden and Vice President Harris’s Investing in America agenda.  Your partnership is helping EPA to make a lasting, tangible difference in communities all across the country. 
    Since the earliest days of this administration and even before, President Biden had a vision to build a 100 percent lead-free future.
    The president understands the urgency of getting the lead out of communities because he and Vice President Harris know that ensuring everyone has access to clean water is a moral imperative.
    We know that over 9 million legacy lead pipes continue to deliver water to homes across our country.  But the science has been clear for decades: There is no safe level of lead in our drinking water.  In children, lead can severely harm mental and physical development, slow down learning, and irreversibly damage the brain.  In adults, lead can cause increased blood pressure, heart disease, decreased kidney function, and cancer.
    But thanks to President Biden and Vice President Harris, we are moving farther and faster than ever before to address this critical issue, and EPA is at the center of the solution. 
    I am very proud to announce that today, EPA has taken another historic step forward to ensure safe, clean drinking water for every child and every person in our nation.  Today, my agency is issuing a final rule requiring drinking water systems across the country to identify and replace lead pipes within 10 years.  The rule also requires increased rigorous drinking water testing and a lower threshold for communities to act on and protect people from lead in drinking water. 
    And these actions will help protect millions across this country.  In fact, our new rule will protect up to 900,000 infants from having low birth weight, reduce up to 1,500 cases of premature death from heart disease, prevent up to 200,000 IQ points lost in children, and help close the water equity gap every single year.  But these benefits not only protect public health, they can also reduce health care costs, improve school performance, and boost economic productivity. 
    In addition to finalizing this historic rule today, EPA is also announcing $2.6 billion in new funding under the president’s Bipartisan Infrastructure Law to help cities and states fund infrastructure upgrades to accelerate the removal of lead pipes. 
    Folks, there has never been more federal funding available to remove lead pipes.  And let me just add that investing in our water infrastructure is not only an investment in public health, it’s an investment in local economies.  For every $1 billion invested in water infrastructure, we create approximately 15,500 jobs. 
    President Biden is the president who is finally putting an end to this generational public health crisis, and, folks, delivering a lead-free America is President Biden’s legacy.
    This is a matter of public health, a matter of environmental justice, a matter of basic human rights, and it is finally being met with the urgency it demands.  President Biden has kept his promises, and he is fighting every single day for a cleaner, safer, and healthy America. 
    I’m truly grateful to everyone who helped us reach this moment, particularly those in EPA’s Office of Water, who worked tirelessly to finalize this rule. 
    With today’s announcement, we have more than enough reason to be optimistic about what’s possible for the future of our country and the future of our planet. 
    Now, with that, I’m happy to take a few questions.  Thank you.
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you, Administrator, and thank you, Natalie.  With that, we will move to the question-and-answer portion of the call.  As a reminder, this will be on background and attributable to “senior administration officials” as they identify themselves.  Comments from Natalie and the administrator will be attributable to them specifically.
    As some of you have done, please use the “raise hand” function on Zoom, and we will take a few of your questions.
    Okay.  As you’re called upon, please identify yourself and your outlet.  We will start with Aamer. You should be unmuted now.
    Q    Hi.  Thank — thank all three of you for doing this.  Two questions.  One, can you just give us a little bit of a preview of, in Wisconsin, where the president will be visiting and sort of how he will be highlighting this announcement?
    And then, secondly, is there any disappointment in the president — considering the significance of this announcement — that Senator Baldwin won’t be taking part?  Thanks.
    MS. QUILLIAN:  I can — this is Natalie.  I can answer that.  I don’t think we have any specifics yet on exactly — to share where he will be visiting, but as soon as we do, we’ll make sure you have those.  And I think it’s fair to say he will highlight the historic investments that we have made so far, including an additional $2.6 billion that he’ll be — he will be announcing tomorrow, as well as highlighting the stories of Americans whose lead pipes in Wisconsin are being replaced or have been replaced and the impact that’s had on their families and their children. 
    And then we’re — you know, Senator Baldwin is a — an amazing partner of this administration and leading the charge in the Bipartisan Infrastructure Law.  So, we are just pleased to have such a great partner like her in Wisconsin.
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you, Natalie. 
    We will go to Rachel next.  You should be unmuted now. 
    Q    Great.  Thank you, guys, for doing this and for taking my question.  I recall in the proposed rule, there had been some concerns raised about exemptions that could leave some places with lead pipes for significantly longer.  I recall Chicago being one of them — having lead pipes possibly for 40 or 50 years, even with these — this rule.  Is this still the case in the final rule?  And could you also send us a copy of the final rule on embargo?
    ADMINISTRATOR REGAN:  Well, Rachel, thank you for that question.  And let me just say that the final rule is significantly more stringent than the proposal was.  Some of those numbers that you raised just here and now, those numbers have been slashed significantly.  So, what I would like to say is we are very sure that 99 percent of these cities will meet the deadline, and we’re still taking a look at those that fit in that 1 percent category. 
    But let me be very clear:  Those that may fit in that 1 percent category, we will aggressively pursue a timeline that stays in line with the president’s vision. 
    Q    Could you give us some idea of, you know — you said those numbers have been slashed.  Can you give us an example and how much it’s been slashed by? 
    SENIOR ADMINISTRATION OFFICIAL:  Well, I’ll just say — and then I’ll turn it over to — to [senior administration official], who is the expert in our water office.  But, you know, the stringency — the off-ramp, if you will — is a significantly much higher hurdle to obtain, first and foremost.  We have really whittled down the flexibility in this rule. 
    And, you know, secondly, this rule is a significant, significant step forward.  But we can’t forget — forget the resources from the Bipartisan Infrastructure Law and other programs in the water office that will help these cities achieve the president’s vision. 
    [Senior administration official], I don’t know if you want to add anything to that. 
    SENIOR ADMINISTRATION OFFICIAL:  Thank you, [senior administration official].  I would just add only that, as you know, Rachel, the numbers associated with number of lead service lines that exist in places like Chicago at this point are estimates.  And as we get more information about what number of lead service lines exist, then, through the inventories that will be created — the first one is due October 16th, for example — we’ll be in a better position to determine whether communities actually need more time.  And we’ll go through a process for that.
    I will add to that that in communities like Chicago, we’re not only looking at and tracking where — how many lead service lines or whether they need extension, but we’re working extensively to ensure that they receive financing to tackle some of those lead service line issues. 
    For example, recently, we announced a $336 million loan to the city of Chicago for replacing lead service lines.  And I know that Chicago is working with other cities in the Midwest and the Great Lakes regions to share best practices to accelerate the removal of lead service lines. 
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you.  We will go to Annie next.  You should be unmuted now.
    Q    Hi.  Annie Snider from Politico.  I have two questions.  First of all, I hope you can speak to the vice president’s involvement in this.  If I recall correctly, her office briefed the proposed rule, and my understanding is that she played an important role in the regulatory use of this. 
    And then, second of all, this rule is coming out well within the Congressional Review Act window.  Are you concerned at all about this rule getting targeted if Republicans take control of Congress and the White House next year?
    SENIOR ADMINISTRATION OFFICIAL:  Well, let me just say that the vice president, as you have stated, has been a significant partner to EPA as we have traveled the country and really highlighted the president’s vision, which is a 100 percent lead-free future, as well as helping the public understand the implications of lead exposure. 
    And so, the vice president has been very, very involved.  We have had a number of good, solid policy discussions.  And that engagement with the vice president, under the president’s leadership, has led to a very, very strong rule, as well as a very strong strategy for how we deploy these resources in the cities and towns that need it the most. 
    So, we’re very, very proud of our partnership with the vice president. 
    MR. FERNÁNDEZ HERNÁNDEZ:  Okay.  We will go to Emma next.  You should be unmuted now.  (Inaudible.)
    Q    Hi.  This is Emma Gardner for Inside EPA at Inside Washington Publishers.  Thank you so much for doing this.  I just have a couple of questions. 
    One, I’d be interested if you could give us a specific action level threshold in terms of parts per billion in the new rule.  And, secondly, I would love to know how the new rule approaches lead service lines that run underneath private land and if there are any incentives for landowners to replace them — the — those pipes themselves.
    SENIOR ADMINISTRATION OFFICIAL:  Emma, I’ll take a stab at answering your two-part question.  The first question was, if I heard you correctly: What — what’s the action level in the new Lead and Copper Rule improvements?  It’s 10 parts per billion.  That’s the action level, which, as you know, previously was 15 parts per billion. 
    Just one thing to note: In terms of private side, our rule requires that for full li- — full lead service line replacement where systems have access to the full lead service line.  And we know that there are a variety of rules and laws out there that may influence whether or not a community have — has access to that or requires permission for a local entity to — to enter into private property.
    In the event that there’s private property that needs to be entered into and permission needs to be granted, the rule requires that systems ask the member of the — the owner of the property four different times about — for permission to replace that lead service line in two wholly different ways.  So, we’re trying to ensure that water systems around the country, where they do have lead service lines that are in private property, have a persistent way to get in touch with the landowner to get permission to replace them.
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you.  We will go to Jacob next.  You should be unmuted now. 
    Q    Hey, folks.  Thanks so much for doing this.  I also have a two-part question.  Firstly, just trying to follow up on a question from a previous reporter that I don’t think was totally answered, but could you just speak a little bit to the degree to which you’re concerned about, you know, efforts to overturn this rule through CRA efforts in Congress in, you know, a future Republican-led Congress? 
    And, secondly, can you speak to what conversations you had with stakeholders, particularly water service providers, and — and thinking about possible legal challenges that this rule might face, especially as the Supreme Court has, you know, limited the ability of the government to — to issue these sorts of regulations moving forward.  Thanks.  
    ADMINISTRATOR REGAN:  Well, thank you, Jacob, for that question.  I’ll take the first part, and [senior administration official] can follow. 
    Listen, this rule is grounded in science and within the four corners of our statutory authority.  And we have measured a number of times.  We’ve measured twice and we’re cutting once here.  We believe that it’s on solid legal footing, supported by the science. 
    And listen, the outcomes are undeniable.  If you look at protecting up to 900,000 infants from being born with low birth weight or the reducing of 1,500 cases of premature death from heart disease, the cost benefits are at a 13-to-1 ratio. 
    This is an opportunity to reduce lead exposure to millions of families all across the country, and we believe we’ve done it in a very strategic way, a legally sound way, supported by the science.  And the health benefits of this rule are undeniable.
    SENIOR ADMINISTRATION OFFICIAL:  Mr. Administrator, the second part of the question was regarding conversations with stakeholders.  And I would just say that we had repeated conversations with stakeholders throughout this process. 
    We also received over 200,000 comments on the proposed rule.  The vast majority of them were supportive of the rule.  We met with stakeholders throughout this process.  We visited the cities where lead service lines are currently being replaced.
    And we know that, as the administrator mentioned at the beginning, that this rule is built on actions that have already been taken and already underway both in states and communities across this country.  There are four states that already have requirements to replace lead service lines in 10 years — from Illinois to Michigan to Rhode Island to New Jersey.  There are communities throughout this country that, before this rule was in — put in place, where they’ve already been engaged in removing lead service lines — from Milwaukee to Detroit to Cincinnati to Pittsburgh. 
    All across the country, communities are supportive and engaged in this effort today.
    MS. QUILLIAN:  Angelo, can I just — this is Natalie.  Can I just jump in on the first question, too, to add to what Administrator Regan said?
    Look, I think that we believe and hope that ending the poisoning of our kids from lead water should and could be a bipartisan priority.  And, indeed, we’ve seen many Republicans vote for the Bipartisan Infrastructure Law that made this possible. 
    Now Wiscon- — Wisconsin’s other senator, Ron Johnson, did not vote for it, but we do think that this should be a bipartisan priority.  And I hope that all of our — our members of Congress would vote for keeping our water clean rather than continuing to have lead in the water.
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you, Natalie.  We will have time for two more questions. 
    Let’s go to Michael.  You should be unmuted now.
    Q    Hey.  Thank you for this.  Appreciate the time, as always.  Just two kind of follow-up questions to some of the other questions that have been asked here.  Can you confirm that the 10 percent action level is not intended to be an individual homes action level? 
    And then, secondly, how does the final rule deal with if — if a — if a water system exceeds the 90 percent of — you know, tests above 10 parts per billion, are — is that water system required to provide free filters to its citizens?
    SENIOR ADMINISTRATION OFFICIAL:  Mr. Administrator, let me take a stab at answering that question. 
    Thank you, Mr. Hawthorne, for your question. 
    I can confirm that the 10 percent action level is throughout the system, as you indicated.  It’s not just on an individual home.  But any individual who has an action level exceedance — it’s the 90th percentile, as you know, Mr.  Hawthorne.  But any individual household that has an exceedance of the action level will be required to be communicated with, get their test results, and be able to take action immediately. 
    In addition to that, if the action level is exceeded on a repeated basis — four times in a five-year period, for example — then the community will be required to make filters available to all of the residents in the community, not merely the residents where the action level was repeated — reported.
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you. 
    And our final question will come from Miranda.  You should be unmuted now.
    Q    Hi.  Thanks for taking our questions. 
    What are you hearing from water providers about progress they’ve made on their inventories?  And any — you know, do — do you expect them to, you know, meet the — the October 16th deadline?  Or could there — could there be some — are you hearing about any challenges so far on that front?  Thank you. 
    ADMINISTRATOR REGAN:  Well, thank you for the question, Miranda.  And we fully believe, as [senior administration official] has indicated, that these systems are, in many cases, moving forward already. 
    I think it’s important for us to note that we know through conversations that these systems can step up and they can meet the challenge.  We have designed a very durable, strong rule that is grounded in the science, grounded in the law.  And we expect these water systems to step up and meet this rule, because under no circumstances do we want our children exposed to lead poison in their drinking water. 
    And as Natalie indicated, this is a bipartisan effort here.  There have been folks on both sides of the aisle for a number of years who have been calling for the removal of lead service lines, which are the largest source of lead exposure in this country. 
    And so, we fully believe that everyone can step up in a very cost-effective way and comply with this rule, and that is our expectation. 
    MR. FERNÁNDEZ HERNÁNDEZ:  Thank you, Administrator.  And that’s all the time that we have today.
    As a reminder, the contents of this call and the materials you received over email are embargoed until 5:00 a.m. Eastern tomorrow. 
    If you have any questions, please feel free to follow up with us, and thank you again for joining you.
    12:00 P.M. EDT

    MIL OSI USA News

  • MIL-OSI Russia: New 5000 ruble banknotes: signs of authenticity

    MILES AXLE Translation. Region: Russian Federation –

    Source: Bank “RUSSIA” Russia Bank –

    Press Releases and Events

    10/08/2024

    New 5000 ruble banknotes: signs of authenticity

    The Bank of Russia has launched modernized 5,000 ruble banknotes into circulation.

    The updated banknotes have a modern design and have an enhanced security system.

    The new banknote is dedicated to Yekaterinburg and the Ural Federal District. The main image on the front side is the “Europe-Asia” stele, while the back side features the “Tale of the Urals” monument in Chelyabinsk and the “66th Parallel” (Arctic Circle) stele in Salekhard.

    Banknotes of 5,000 rubles of the new type are legal tender in cash on the territory of the Russian Federation and are obligatory for acceptance at face value when paying for any types of goods and services without restrictions. The modernized banknotes will be gradually put into circulation and will circulate on par with the banknotes of the 1997 type.

    We invite you to familiarize yourself with the design and main signs of authenticity of the banknote in the infographics of the Bank of Russia.

    Back to list

    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.

    http://abr.ru/about/nevs/13710/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI United Kingdom: New job evaluation process to be introduced at Sheffield City Council  A new job evaluation process is to be introduced for all Sheffield City Council employees. Equal pay concerns around the Council’s current job evaluation scheme were raised by the GMB Union in Autumn 2023.    08 October 2024

    Source: City of Sheffield

    A new job evaluation process is to be introduced for all Sheffield City Council employees.  

    Equal pay concerns around the Council’s current job evaluation scheme were raised by the GMB Union in Autumn 2023.   

    Since then, a comprehensive, independent, external review has been undertaken to look into the Council’s scheme, its processes and its data, and to identify where changes should be made.   

    The Council has been working jointly and proactively with the GMB, Unison and Unite unions to confirm a new process for the future.  

    A job evaluation scheme is the process used to assess a role’s level and grade within an organisation’s structure. Large organisations across the country adopt such schemes, including local authorities. The scheme considers a range of factors, depending on the organisation and the processes they adopt, such as level of responsibility and the skills and experience required.  

    Sheffield City Council currently uses the GLPC job evaluation scheme. The independent review found there were no issues with the GLPC scheme, which is used by organisations across the country to evaluate job roles. However, it identified that the way Sheffield City Council had implemented the scheme may have led to disparities in job evaluation.   

    As a result of the independent review, a programme of work known as the Sheffield Role Review Programme, has been established to develop a new system and policy in partnership with trade unions.   

    To ensure these potential disparities are addressed and make the process better for the future, the Council is taking a proactive and comprehensive approach by introducing a new job evaluation process, through the commonly used NJC scheme.   

    Part of the new job evaluation process will require every role in the Council, including senior leaders and directors, to be reassessed to ensure every member of staff is graded appropriately.   

    Employees have been informed about the new job evaluation process this week and will receive regular updates about the progress.  

    Councillor Tom Hunt, Leader of Sheffield City Council, said:

    “Job evaluation and equal pay are complex areas, and we are taking this matter very seriously.   

    “We’ve looked at this proactively and in depth and have worked positively with our union partners to come up with a solution that is fit for the future. We firmly believe in equity, and we can say with no hesitation that introducing a new job evaluation process is the right thing to do.”   

    GMB, Unison and Unite said in a joint statement:

    “The Council’s decision to introduce the Sheffield Role Review Programme is a welcome one. GMB, Unite and Unison have collectively been working in partnership with the Council to find a way forward and we have agreed to implement a new scheme. We will continue to hold the Council to account on equal pay and we are assured that they are listening to, and acting on, our concerns. Our priority is to ensure that there is a fair and equal scheme for employees in the future, and that anyone who has not been paid equally gets that rectified. We will continue to work with the Council to make sure that happens.”  

    Claire Taylor, Chief Operating Officer, added:

    “We are updating the job evaluation process in partnership with local trade unions. This will take some time, and we know there will be a period of uncertainty for employees.  

    “We’ve taken confident steps to tackle this work. By taking action we are creating a clearer and more improved system for the organisation and our employees. Our priority is supporting them while this comprehensive evaluation takes place.”   

    A report on this matter will be brought to the relevant Council Committee in due course.   

    MIL OSI United Kingdom

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Timor-Leste’s Minister of Foreign Affairs and Cooperation

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with H.E. Bendito dos Santos Freitas, Minister of Foreign Affairs and Cooperation of Timor-Leste, on the sidelines of the 44th and 45th ASEAN Summits and Related Summits. Both sides discussed, among others, the progress of implementation of the Roadmap for Timor-Leste’s Full Membership in ASEAN.

    The post Secretary-General of ASEAN meets with Timor-Leste’s Minister of Foreign Affairs and Cooperation appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI: Terecircuits Unveils New Bonding Material for Next-Generation Advanced Packaging

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Terecircuits Corporation, a venture-backed startup in advanced materials for the semiconductor industry, today introduced Terefilm®, a patented material designed for temporary bonding and debonding applications in advanced packaging.

    According to Boston Consulting Group1, “The next generation of industry-leading organizations will be those that realize value creation is migrating towards companies that can design and integrate complex, system-level chip solutions using concepts like advanced packaging.” As components become smaller and more complex, the need for advanced temporary bonding materials, like Terefilm®, becomes paramount to enable emerging applications, including thin wafer handling and the transfer of fragile components.

    Terefilm® meets these requirements, offering unparalleled advantages including rapid release, precise patterning, and clean decomposition without solvents. The material can be used in processing up to 230ºC, giving customers a wide process window for bond-debond with clean decomposition.

    “Our focus with Terefilm® is squarely on innovating a novel material that will enable faster and more accurate semiconductor advanced packaging and related manufacturing processes,” said Wayne Rickard, CEO of Terecircuits. “Its benefits for bonding and debonding in semiconductor advanced packaging are compelling, offering ultra-clean, ultra-fast and residue-free release that eliminates traditional cleaning requirements and accelerates production. At the same time, its ability to enable selective material removal at nanoscale positions it for use in such diverse applications as enabling the parallel transfer of micro-LEDs and a photoresist for direct-write lithography. This flexibility makes Terefilm® a valuable solution for the challenges faced in advanced packaging today as well as emerging ones across a wide range of electronics manufacturing requirements.”

    The properties of Terefilm® make it highly effective for several critical applications:

    • Clean Decomposition: Unlike conventional materials, Terefilm® undergoes a remarkably clean decomposition process when activated, leaving no residue. This ensures ultra-clean surfaces, which are essential for successful hybrid bonding and other high-precision applications.
    • Rapid Release: Traditional heat and UV-sensitive films can take several minutes to release. Terefilm®, however, releases in microseconds. This near-instantaneous decomposition significantly enhances manufacturing efficiency.
    • Precise Patterning: Similar to lithographic photoresists, the material can be patterned to enable selection of specific regions. This allows for the targeted release of individual chips or subsets of chips, replacing the traditional pick-and-place process. This capability enables the parallel transfer of multiple components, dramatically increasing production speed and precision.

    To learn more about Terefilm® and its wide range of applications, please visit https://terecircuits.com/products/. To get more product information, contact Michele Fromel at mfromel@terecircuits.com.

    About Terecircuits Corporation
    Terecircuits Corporation is a venture-backed startup offering a truly groundbreaking core technology that will enable products requiring micron-scale circuit fabrication and assembly to be built faster and with greater accuracy than is achievable with today’s best practices. “Instrumenting the world” as envisioned by Industry 4.0 and IoT will require fundamental changes to advanced manufacturing to handle the sheer scale of production at reasonable costs, and Terecircuits meets these challenges with new and inventive materials and processes. Terecircuits democratizes advanced electronics manufacturing for displays, wearables, smart vehicles, virtual reality and medical devices through processes requiring less energy and capital equipment. For more information, visit http://www.terecircuits.com.

    MEDIA CONTACT:
    Kiterocket
    Stephanie Quinn, +1 480 316 8370, squinn@kiterocket.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4516ec23-fa55-432a-9574-e2e9bb4698ee


    1 https://www.bcg.com/publications/2024/advanced-packaging-is-reshaping-the-chip-industry

    The MIL Network

  • MIL-OSI: Vice Admiral (Ret.) TJ White Joins Synergy ECP Board of Advisors

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 08, 2024 (GLOBE NEWSWIRE) —  Synergy ECP, a leading provider of mission critical, highly technical solutions for the Defense and Intelligence Communities, is excited to announce the appointment of Vice Admiral (Ret.) TJ White to its Board of Advisors. Synergy ECP is a portfolio company of Falfurrias Management Partners.

    Vice Admiral TJ White brings decades of experience and leadership to Synergy ECP, having served with distinction in the United States Navy for 33 years. His extensive background in cyber operations includes command of U.S. Fleet Cyber Command/U.S. 10th Fleet and the Cyber National Mission Force. Additionally, Vice Admiral White filled key leadership roles within the cyber and intelligence communities as Deputy Director, Tailored Access Operations, NSA and Director for Intelligence, J2, U.S. IndoPacific Command, among many other relevant experiences.

    “We are thrilled to welcome Vice Admiral White to our Board of Advisors,” said Bruce Howard, CEO of Synergy ECP. “His expertise aligns perfectly with our mission to deliver impactful solutions in capability areas such as cyber operations, critical infrastructure security, and signals intelligence. We look forward to his contributions, insight, and deep understanding of what our national security customers need given his experience leading numerous joint military formations and combined Intelligence Community organizations.”

    “I am honored to join the Board of Advisors at Synergy ECP,” said Vice Admiral White. “As cyber threats continue to evolve in complexity and scale, it is imperative to have businesses like Synergy ECP committed to solving the toughest technical challenges within the cybersecurity domain. Synergy ECP’s highly skilled workforce and deep intimacy across the cyber landscape made joining the Advisory Board a clear choice to continue to support the nation’s cybersecurity and intelligence efforts.”

    About Synergy ECP
    Founded in 2007 and headquartered in Columbia, Maryland, Synergy ECP is a leading provider of cybersecurity, software and systems engineering and IT services to the U.S. intelligence and defense communities. The company leverages its expertise in data transport solutions, software and systems engineering, and other solutions to deliver critical and innovative capabilities to high-level decision makers that enhance our nation’s security. For more information, visit http://www.synergyecp.com.

    The MIL Network

  • MIL-OSI: NowCM and White & Case established for Haniel the world’s first fully digital, end-to-end automated commercial paper programme

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg/Frankfurt/Duisburg, 8 October 2024 –

    NowCM, global technology leader in digital and automated bond issuance, and leading international law firm White & Case have teamed up to provide breakthrough technology and legal advice to the dated and manual commercial paper (CP) market by creating the NextGenCP for corporates and other CP issuers. Family-owned investment holding Franz Haniel & Cie. GmbH (Haniel) has led the way together with NowCM and White & Case in implementing this programme.

    As a long-term, purpose-driven investor, Haniel aims to create value for generations. Led by Dr. Axel Gros, treasurer of Haniel, and Birgit Sommer, head of CP at Haniel, creating the NextGenCP reinforces Haniel’s commitment to digital transformation, marking a significant step in modernizing the CP market.

    The new set-up includes several wide-reaching innovations in technology and law:

    • Fast set-up: NowCM has automated the setup of the NextGenCP based on White & Case’s state-of-the-art legal work. This innovation significantly reduces costs and allows for the establishment of NextGenCP in a matter of days, rather than the traditional months-long process.
    • High-volume facility: NextGenCP offers issuers the ability to conduct transactions with no volume limitations, for example Haniel aiming to reach three transactions per week. This supports high-frequency issuance, even several issuances in parallel, providing a streamlined and efficient process for managing large-scale CP programmes.
    • Arranger-less set-up: The NextGenCP setup requires no arranger bank, addressing a problem in market structure where banks are often reluctant to engage in lengthy, burdensome processes with low or no fees. Instead, NowCM Luxembourg, as a regulated entity, acts as the arranger with support from White & Case, enabling deployment without the need for an arranger bank. This allows issuers and banks to focus on their core businesses while simplifying the process.
    • Multi-dealer capability: Even though no arranger bank is needed, the NextGenCP operates in a traditional intermediated manner with dealer banks. It allows dealer banks to participate either in specific transactions or at the programme level, providing flexibility while maintaining the benefits of traditional market structures.
    • Fully automated: The NextGenCP is fully automated in its operation, allowing dealer banks to simply email their trade confirmation to NowCM. All subsequent steps, including life cycle events such as settlement and repayment, are executed without human intervention, streamlining the entire process for maximum efficiency.
    • Touchless: In the issuance process, there is no need for drafting or sending any documents. Everything is handled seamlessly through NowCM’s cloud-based platform. If the issuer wants, an additional approval step before the issuance can be implemented, adding flexibility without complicating the process.
    • Entirely digital: The CP, like all securities on NowCM’s platform, is represented by a full digital twin in a machine-readable and structured format. This digital twin contains all relevant information about the CP, its lifecycle, and other metadata, which were previously only available in unstructured formats such as PDFs and Word documents.
    • Golden source: NowCM’s structured data and document repository serves as the golden source for all data related to the CP, enabling seamless integration with other stakeholders and IT infrastructure. This ensures error-free data transmission and supports digital issuance, including under the German Electronic Securities Act, further enhancing efficiency and compliance in the issuance process.
    • AI-enabled: The process developed by NowCM incorporates the latest in AI technology, enabling fully automated, real-time handling of data.
    • STEP compliant and ECB eligible: Like traditional CP, NextGenCP is STEP compliant and, consequently, ECB eligible making it suitable for collateral. By using NextGenCP issuers not only future proof their CP issuance but also ensure that all data required under the new ECB “Single Collateral Management Rulebook for Europe” (SCoRE) is readily available in machine-readable form.
    • CP primary marketplace: NowCM operates the world’s first and only fully regulated primary marketplace. The Paris-based multilateral trading facility (MTF), comparable to a German exchange Freiverkehr or the EuroMTF in Luxembourg, offers the possibility to digitalise the only remaining manual step in the value chain. Instead of negotiating trades via phone or chat, issuers and dealers can directly negotiate and transact on the NowCM MTF simplifying the issuance of CP to the push of a button.
    • Optional – use of regulated issuance vehicle: For issuers looking to avoid all the hassle of managing the entire value chain of CP issuance, NowCM offers the use of its fully regulated issuance vehicle in Luxembourg, where NowCM takes over the entire issuance process.

    Haniel is the first issuer making use of NextGenCP and has already transacted several tens of millions in various transactions since the recent go-live using NowCM’s issuance vehicleunder the name “Haniel enkelfaehig”.

    Dr. Axel Gros, treasurer of Haniel, states: “We are very pleased with the implementation of this state-of-the-art CP programme. Leveraging NowCM’s advanced technology and White & Case outstanding legal expertise, NextGenCP offers a process flow beyond straight-through process (STP), ensuring seamless execution from issuance to settlement to repayment, thereby helping us to efficiently manage our liquidity needs”.

    Karsten Woeckener, Head of Germany of White & Case and its DCM practice group leader, adds: “As a global law-firm that is supporting the latest technology we were delighted to support this project and to help unlock the German CP market. We certainly hope that the combination of our legal expertise, Haniel invaluable insights and NowCM’s technology to create NextGenCP will attract many followers and usher a new age of funding in the money markets”.

    NowCM’s founder and CEO, Robert Koller, says: “We are delighted to have brought NextGenCP to life with our exceptional partners at White & Case and the incredible support and innovation leadership of Haniel and, not to forget, the many dealer banks involved. The simplicity of using NextGenCP is based on more than a decade of research and development, a data model of thousands of variables and business rules, a highly secure cloud platform and above all the interaction with our clients who contributed countless hours and ideas. We will see further announcements soon on bringing the funding business into the 21st century.”

    Thanks to the successful collaboration between Haniel, White & Case, and NowCM, the implementation of NextGenCP sets a new benchmark for digital innovation in the industry. As the first of its kind, the touchless NextGenCP is poised to revolutionize the issuance and management of commercial paper and money markets, paving the way for more advanced and efficient funding processes and liquidity management. NextGenCP is also available for CP issuers with an existing programme that want to convert their issuance into a fully digital experience.

    About Franz Haniel & Cie. GmbH

    Franz Haniel & Cie. GmbH is 100 percent family-owned and has been based in Duisburg since the company was founded in 1756. It manages a portfolio of independent companies with the goal to create value for generations as a leading purpose-driven investor.

    To this end, we align our portfolio strictly “enkelfähig,” that means: along clear performance and sustainability criteria. Currently, the Haniel portfolio comprises ten investments: BauWatch, BekaertDeslee, CWS Cleanrooms, CWS Fire Safety, CWS Hygiene, CWS Workwear, Emma – The Sleep Company, KMK kinderzimmer, ROVEMA and TAKKT. In addition, Haniel manages a financial stake in CECONOMY and minority stakes in high-growth start-ups.

    In 2023, the Haniel Group employed nearly 22,000 people and generated sales of EUR 4.4 billion.

    About White & Case

    White & Case is one of the leading international law firms and is present in the world’s key economic centres at 44 locations in 30 countries. In Germany, around 250 lawyers, tax advisors and notaries work in Berlin, Düsseldorf, Frankfurt am Main and Hamburg (http://www.whitecase.com).

    About NowCM

    NowCM is the leading market infrastructure and issuance provider within the primary debt capital markets. It offers an unparalleled, highly secure, cloud-native data platform for creating, negotiating, and managing debt, along with an end-to-end digital workflow platform. These tools enable all participants in the primary bond and CP markets to collaborate in real-time, fostering an open and cooperative environment. NowCM facilitate access to primary markets for inaugural and infrequent issuers through its Treasury-as-a-Service (TaaS) facility. This entity is regulated by the CSSF in Luxembourg and operates as a “funding subsidiary” using standardised yet flexible documentation and fully automated digital workflows. NowCM’s 360-degree suite of services is completed by a multi-lateral trading facility (MTF) that NowCM owns and operates. It stands as the world’s first and only regulated primary marketplace, subject to the supervision of the ACPR and AMF in France.

    Connect with:

    Franz Haniel & Cie. GmbH:
    Website: http://www.haniel.de   
    LinkedIn: http://www.linkedin.com/company/franz-haniel-&-cie–gmbh     

    White & Case:
    Website: http://www.whitecase.com  
    LinkedIn: http://www.linkedin.com/company/white-&-case  

    Media Contact:
    Nils Repke
    Senior Manager, Communications – Germany
    Phone: +49 69 29994-1310
    Email: nils.repke@whitecase.com
                                       
    NowCM:
    Website: http://www.nowcm.eu
    LinkedIn: http://www.linkedin.com/company/nowcm    
    X (former Twitter): http://www.twitter.com/NowCM_EU    

    Media Contact:
    Kristina Kuzmina,
    Chief Communications and Marketing Officer
    Phone: +351 93247 8202 (PT)
    or +44 7490 373030 (UK)
    Email: kk@nowcm.eu    

    The MIL Network

  • MIL-OSI China: Beijing’s Dongcheng district invigorates historical architecture

    Source: China State Council Information Office 2

    Beijing’s Dongcheng district has intensified efforts to protect and revitalize its historical architecture in recent years, local officials said at a recent press conference.
    These efforts include restoring historical buildings along the Central Axis, improving the hutong environment, and transforming historical spaces into art and performing venues, as well as cultural destinations.
    Specifically, the district has relocated and upgraded 21 local markets. Thirteen hutongs, or traditional alleys, have been recognized as Beijing’s most beautiful streets, and 45 hutongs have been made parking-free, the highest number in the city.
    The district is now home to 37 museums, 40 theaters, and 190 bookstores, with residents able to enjoy over 5,000 performances year-round.
    As one of China’s first national demonstrative zones of cultural and financial cooperation, Dongcheng pioneered the white list mechanism for financing cultural companies and launched the country’s first online marketplace for cultural financial products, helping businesses in overcoming financing challenges.
    Its cultural industry generates an annual revenue of over 100 billion yuan (US$14.16 billion), and last year, five companies were recognized among the top 30 national cultural companies.
    Currently, Dongcheng is focusing on developing a “cultural triangle” formed by the Palace Museum, Wangfujing, and Longfu Temple, aiming to add new landmarks to boost cultural spending, the officials said.

    MIL OSI China News

  • MIL-OSI Asia-Pac: SFST’s opening remarks at press conference on Hong Kong FinTech Week 2024 (English only)

    Source: Hong Kong Government special administrative region

    SFST’s opening remarks at press conference on Hong Kong FinTech Week 2024 (English only)
    SFST’s opening remarks at press conference on Hong Kong FinTech Week 2024 (English only)
    ****************************************************************************************

         Following are the opening remarks by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the press conference on Hong Kong FinTech Week 2024 today (October 8):  Alpha (Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau), distinguished guests, ladies and gentlemen,       Good afternoon and thank you for joining us today. It gives me great pleasure to unveil the official details of this year’s much-anticipated Hong Kong FinTech Week, carrying the theme “Illuminating New Pathways in Fintech”.       This year marks the ninth edition of our flagship event, standing at the vanguard of the global fintech revolution. I have had the good fortune to witness the remarkable growth and evolution of our Hong Kong FinTech Week over the years. The conference this year further encapsulates the global paradigm shift, with emerging technologies driving the spirit of change.      I have made it a tradition to announce a new policy statement and new initiatives during the FinTech Week, sharing with our global audience the Government’s vision and mission in taking forward market development together with the industry. In 2022 we announced the groundbreaking Policy Statement on Development of Virtual Assets in Hong Kong, and last year we shared the plan to develop a new integrated fund platform for our market. This year is no exception, and we are set to announce a policy statement for responsible use of artificial intelligence (AI) in our financial services sector. This will be another important announcement from us elaborating our policy stance on this topic of global importance and interest.       Hong Kong FinTech Week welcomes top technology leaders, policymakers, and investors from around the world for insightful discussions on the fintech landscape. We are set to showcase the individuals, rising stars, and innovations propelling advancements in efficiency, scalability, and sustainability worldwide. During the event, we will explore how entrepreneurs and corporations are leveraging frontier technologies like AI, tokenisation, and Web3 to craft innovative business models and capitalise on Asia’s economic ascension.       Hong Kong always shows resilience and strength during challenging times. Our city has recently been ranked third in the latest Global Financial Centres Index around the globe and first in the Asia Pacific Region. In terms of fintech, Hong Kong rose five places to ninth, putting it among the top 10 fintech hubs globally. This reflects the concerted efforts of the Government, financial regulators, and industry players to promote fintech development in Hong Kong. Over the past few months, we have introduced various initiatives to further cultivate a vibrant ecosystem for fintech innovation, including expanding the cross-boundary e-CNY pilot in Hong Kong, launching the new Generative AI Sandbox, as well as commencing phase 2 of the e-HKD Pilot Programme, just to name a few.       With its strategic location and robust financial infrastructure, Hong Kong emerges as a “super connector” and “super value-adder” for fintech. Hong Kong is primed to lead this transformative journey to uncover the pathways to opportunities. Notably, we’ve witnessed strong interest from the Mainland’s big tech companies showcasing their latest innovations, underscoring how Chinese technology is shaping global finance’s future through cross-border collaborations and cutting-edge technology integration.       The Mainland aside, Southeast Asia’s rising stars will be present to showcase their tailored solutions for the region’s unique markets, sharing success stories of fintech solutions crafted to meet the region’s distinctive market needs. These vibrant discussions will highlight Southeast Asia’s growing influence in the global fintech arena. The Middle East will also bring a wealth of strategic insights to the table, fostering innovation collaborations between Hong Kong and the region.       Hong Kong FinTech Week 2024 promises to be a melting pot of ideas, innovations, and collaborations for global communities. Attendees will have the opportunity to explore how frontiers like AI, tokenisation, blockchain, and green tech are tackling real-world challenges nowadays.       Another standout feature of the week is the Greater Bay Area day visit, an exclusive tour inviting international financial leaders, investors, and tech founders to explore the innovation ecosystems across Guangzhou, Shenzhen, and Hong Kong. This excursion will facilitate collaboration, knowledge sharing, exploration of investment prospects, and meaningful dialogues, fostering a day of productive networking.       Through various initiatives aimed at attracting and retaining strategic companies and talent, we are ready for positive results from the FinTech Week. The event this year will pave the way for connected, efficient, and sustainable global economic growth from fintech offerings. I therefore extend a very warm welcome to all of you to join us. Thank you.  

     
    Ends/Tuesday, October 8, 2024Issued at HKT 16:35

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: Polytechnic University donated books to libraries of Donetsk People’s Republic

    MILES AXLE Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The Polytechnic University donated literature on socially significant topics, including specialized publications on construction, architecture and transport, to replenish and form new library collections in the city of Yenakiyevo in the Donetsk People’s Republic.

    The interaction of the Polytechnic University with new regions is not limited to the exchange of experience and the implementation of joint educational programs. An important aspect of cooperation has become the transfer of educational and scientific resources.

    Today, library collections in new territories are experiencing a significant shortage of high-quality specialized literature in Russian, noted Lyudmila Pankova, Vice-Rector for Educational Activities at SPbPU.

    Polytechnic University collected more than 150 textbooks and teaching aids. The authors of many publications are teachers of our university. Representatives of the Institute of Mechanical Engineering, Materials and Transport, the Institute of Physics and Mathematics, the Civil Engineering Institute, as well as the Information and Library Complex of SPbPU took an active part in collecting books.

    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.spbstu.ru/media/nevs/student_life/polytechnic-donated-books-to-the-libraries-of-the-Donetsk-people’s-republic/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Policing protests in London

    Source: Mayor of London

    Policing protests and large-scale events in the capital is putting increased strain on the Metropolitan Police Service, with the Met describing the increased protests since October 2023 as the “greatest period of sustained pressure since the Olympics in 2012”.1

    This coincides with budgetary pressures in the Met, and reduced staffing and officer numbers.2 Officers from local neighbourhood teams are often redeployed to deal with protest and public order activity at short notice, impacting on local services.

    Tomorrow, the London Assembly Police and Crime Committee will hold the first meeting of its investigation into public order policing in London.

    The meeting will explore the challenges the Met is facing with policing large events and protests, as well as the recent Notting Hill Carnival, where police made 334 arrests.3

    The Committee will also look into the impact of new legislation and whether the right balance is being struck between preventing excessive disruption and the right to protest.

    Guests include:

    Panel 1: 10:00am – 11:30am

    • Matt Parr, former Inspector, HMICFRS 
    • Lord Walney, Government Independent Adviser on Political Violence and Disruption
    • Kirsty Brimelow KC, Barrister, Doughty Street Chambers 

    Panel 2: 11:35am – 1:00pm

    • Jodie Beck, Policy and Campaigns Officer, Liberty
    • Professor Geoff Pearson, Professor of Law at the University of Manchester and Academic Director of the N8 Policing Research Partnership
    • Tom Southerden, Programme Director, Law & Human Rights, Amnesty International
    • David Spencer, Head of Crime and Justice, Policy Exchange

    The meeting will take place on Wednesday 9 October 2024 from 10am in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK Sea Fisheries Statistics: Unscheduled Corrections

    Source: United Kingdom – Executive Government & Departments

    The Marine Management Organisation has published corrections to the UK Sea Fisheries Statistics.

    The Marine Management Organisation (MMO) has today (Tuesday 8 October) published corrections to the UK Sea Fisheries Statistics.

    This follows an investigation into the fisheries landing data MMO manages for England and reports for the UK Fisheries Authorities as part of the annual UK Sea Fisheries Statistics after discrepancies were recently discovered in the dataset. Specifically, this related to missing landing records from between 2018 and 2023.

    MMO’s comprehensive investigation, conducted in partnership with Cefas and other UK Fishing Authorities, confirmed the overall impact was small and within an accepted level of tolerance for operational data. However, the missing records mean that final landing weight and values published by MMO since 2018 have been underreported.

    The amended data published by MMO, known as an ‘unscheduled correction’ (a revision of data outside the usual publishing schedule), addresses two key aspects:

    • Landing records submitted correctly by fishers but were not represented in the final processed dataset.
    • An issue with the exchange rates used to convert sales made in non-sterling (GBP) currency.

    MMO’s Chief Statistician Rebekah Paul explained: “Landing data forms an essential part of the marine and fisheries evidence base. It provides information of the amount of sea fish landed by the UK fleet, including the weight of sea fish landed and the value of landings at first point of sale. This data is key to informing activity and policy related to fisheries, including quota negotiations and management, policy development and assessing the economic contribution of the sector. Importantly, this is only one part of any assessment as additional checks are in place to ensure that the data used is as accurate and representative as possible.”

    The amended dataset includes several key revisions:

    • The quantity of landings, as measured by live weight, has been adjusted upwards by an average of 1.0% for each year between 2018 and 2022.
    • The reported value of landings by UK vessels has been adjusted upwards by average of 2.4% in each year between 2018 and 2022.
    • There are adjustments to landing quantity and value by vessel size, gear type and area of capture. These changes are in line with other findings or represent a re-distribution of previously reported landings.

    Notably, these adjustments reflect revisions to earlier reported information. They do not reflect changes in industry or economic conditions, and do not reflect any direct impact on the fishing industry, as the actual quantity of landings, or the value received for any sale, has not changed.

    Rebekah Paul added: “The underlying issues that caused both the underreporting of landing records and the incorrect currency conversion have been resolved, and we have introduced additional checks and processes to ensure there will be no recurrence of these specific issues. MMO and UK Fisheries Authorities are committed to continuous improvement of our statistical products and hold ourselves to the highest standards. As part of this investigation, MMO has identified areas for future development and improvement, and we will continue to offer full transparency of further changes.”

    The full revised dataset and summary of changes can be found on Gov.uk here. Following these amendments, the next annual UK Sea Fisheries Statistics will now be published on 5 December 2024.

    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Submissions: Asia Pacific – Poverty is rising and inequality widening in Asia and the Pacific, new UN report reveals – UN ESCAP

    Source: United Nations ESCAP

    More than 260 million people in the Asia-Pacific region could be pushed into poverty in the next decade unless governments step up with robust social protection schemes, according to a new United Nations report released today.

    The findings in Protecting our Future Today: Social Protection in Asia and the Pacific report reveal that poverty, both in monetary and non-monetary forms, is rising while inequalities in income and wealth are widening across the region. The number of people in vulnerable situations in the region is expected to rise, as negative shocks continue to hit amid prevailing inequalities. Access to basic opportunities and services also remains too often a distant goal for many.

    Most concerning, 45 per cent of people in the region have no social protection coverage at all. Millions of people living just above the national poverty line are vulnerable to shocks. Without stronger social protection systems, 266 million people could be pushed into poverty in 2040 under a worst-case scenario.

    The report was released at the eighth session of the Committee on Social Development, which opened today and brings together senior government officials, top experts and key stakeholders to explore building inclusive and comprehensive social protection systems that are future proof in view of key megatrends including demographic trends, climate change and digitalization.

    “Megatrends bring both challenges and opportunities. However, we need policy action to maximize the benefits of these megatrends while minimizing their costs,” said United Nations Under-Secretary-General and Executive Secretary of Economic and Social Commission for Asia and the Pacific (ESCAP) Armida Salsiah Alisjahbana.

    She added, “When done right, social protection and inclusive policies with a gender- and disability lens can enhance people’s resilience, facilitate adaptation and reduce the negative impacts of climate change. Acting today rather than tomorrow is not only more cost-effective but also crucial for intergenerational solidarity and ensuring that no one is left behind.”

    In his keynote address, Jomo Kwame Sundaram, Senior Adviser, Khazanah Research Institute, underscored, “A whole of government and a whole of society approach is needed at the national level to resolve the socio-economic and environmental challenges countries of our region are facing especially given the limited resources available for social spending.”

    The ESCAP report provides a blueprint on how governments can improve social protection systems across the region. Leveraging strategic foresight methodology, the report offers policy recommendations to meet changing conditions and argues that the price of inaction today far exceeds the cost of requisite action.

    “Recent years have shown us how fragile our progress has been in the region. We have heard how poverty is on the rise for the first time in decades. Unless we build the resilience of our people and planet, we cannot achieve sustained peace and prosperity in the region,” said H.E. Maliki Achmad, Deputy Minister of National Development Planning of Indonesia, who was also elected as Chair of the Committee.

    “The recent pledges in the ‘Pact for the Future’ made by our fellow nations, underscore our collective resolve, urgency and responsibility to shape a brighter tomorrow for future generations. This is a critical moment for reflection and action. It is time for us, as a region, to assess our progress and determine how we can come together to create a better future,” said H.E. Anukul Peedkaew, Permanent Secretary, Ministry of Social Development and Human Security of Thailand.

    Over the next three days, the bi-annual Committee will also review social and economic challenges and opportunities associated with slower population growth and related changes in population age structures, as well as strengthening disability-inclusive development.

    Read the full report: https://socialoutlook.unescap.org/

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Energy Tech – 1MW community-owned battery could generate up to $250K/ year revenues in Australia

    Source: GridBeyond

    Energy battery storage are critical for the decarbonisation of the electricity grid and the transition from a centralised generation model to a decentralised one, allowing the integration of more renewables in the energy system. In the Australian Energy Markets, community-owned batteries offer a sustainable and cost-effective solution that not only benefits the community but also the environment.

    According to The Australian Energy Market Operator (AEMO) if consumer batteries are efficiently coordinated, AEMO estimates that they could help reduce costs for all consumers by offsetting the need for an additional $4.1B in grid-scale investments. But in addition a 1MW community owned battery enrolled in an FCAS (Frequency Control Ancillary Services)  programme could generate $250K/year revenues for its community owners, according to the latest GridBeyond White Paper: Community Battery 101 – Australia. Community-scale storage could also achieve significant net value through stacking multiple services, earning the operators a valuable income stream and realising attractive payback and return on investment opportunities.

    Against rising electricity costs, community batteries provide a solution by empowering communities to take control of their energy. Community batteries can reduce energy costs, by storing excess energy when it’s cheap and using it during peak hours. They can make community less reliant on traditional energy providers and they are also more sustainable as they maximise the use of renewable energy sources like solar and wind and can provide a reliable source of energy even during grid outages.

    But for community batteries to be commercially viable, an intelligent energy storage management system (ESMS) platform must be interoperable between a grid operator’s system, grid edge control layer, and energy market interfaces. The ESMS must be able to co-optimise across value streams to deliver benefits across the entire energy stakeholder ecosystem.

    “It’s exciting to see the Australian Government supporting the rolling out community batteries to lower power bills and boost electricity reliability. Community batteries are a great opportunity for everyone as everyone can benefit from those. Energy storage batteries can help the government to reach its decarbonisation goal, they generate savings and can help communities to even benefiting financially through an intelligent energy storage management system” said Scott Berrie, Asset Development Director at GridBeyond.

    About GridBeyond 

    GridBeyond began commercially trading in 2010 and is home to the world’s first hybrid battery and demand network. Now a global player in the energy transition, GridBeyond provides a powerful combination of technological excellence, consultative approach and unrivalled expertise that enables its partners and clients have future-proof access to energy services, while supporting the wider electricity grid integrate more volatile renewables and make the leap to a greener future. All without impacting operations.

    GridBeyond delivers energy services, new revenues, enhanced savings, strengthened operations and sustainability to over 900 I&C sites worldwide, including some of the planet’s best-loved brands.

    MIL OSI – Submitted News

  • MIL-OSI Security: Appeal for information on a man following inappropriate behaviour in public in south London

    Source: United Kingdom London Metropolitan Police

    Police investigating reports of a man exposing and touching himself on a bus near Croydon are appealing for the public’s help to identify him.

    The man was sitting on the upper deck of the SL7 bus from Heathrow to Croydon between approximately 08:15am and 09:00am on Wednesday, 31 July when he committed the offence.

    The man is said to have a long, grey beard, be around 50 years old and was wearing a white t-shirt with a blue turban.

    The case has been linked to another incident on Tuesday, 6 August at approximately 18:55pm when it’s alleged the same man was walking along East Avenue in Southall assaulting women as he walked past them. He was thought to be wearing an orange turban at the time.

    No injuries have been reported in either incident.

    If you recognise this man or if you have any information which could help, please report it to police online or call 101 quoting 1063/01AUG24.

    Alternatively this can be reported to the independent charity Crimestoppers anonymously on 0800 555 111.

    MIL Security OSI

  • MIL-OSI New Zealand: Holding careless builders accountable

    Source: New Zealand Government

    The Government is looking at strengthening requirements for building professionals, including penalties, to ensure Kiwis have confidence in their biggest asset, Building and Construction Minister Chris Penk says

    “The Government is taking decisive action to make building easier and more affordable. If we want to tackle our chronic undersupply of houses that is slowing the economy down and locking families out of home ownership, we must do things differently. 

    “Reforming the way we consent homes and removing barriers to overseas building products will strip out delays and drive down costs so we can get more homes built at a more affordable price. However, for this to succeed we must ensure that we have qualified tradespeople doing the work, standing by it and being accountable if things go wrong. 

    “The trade-off for reducing oversight for low-risk work like granny flats is that we have adequate safeguards in place to hold careless or incompetent individuals to account. 

    “The current registration and licensing regimes are not working as well as they could and while the vast majority of tradespeople are competent, highly skilled professionals, a small minority are holding the sector back.  

    “Building consent authorities have told me that the penalties in the Building Act for tradespeople who knowingly cut corners are not enough to deter that behaviour and are not proportionate to the cost of remediating defected work for the consumer who is left out of pocket. 

    “This lack of robust requirements also has an enormous flow on effect which means councils are more likely to be overly risk-averse out of fear that their ratepayers will be liable for paying the bill as the last man standing. 

    “For Kiwis to have confidence in building work we need to ensure the oversight of building professionals is fit for purpose and fair. That’s why the Government is looking at strengthening registration and licensing regimes with a focus on: 

    • Lifting the competence and accountability requirements for building professionals
    • Improving consumer protection measures in the Building Act to provide the right support for consumers
    • Ensuring regulators have the right powers to hold people to account with a focus on licensing, complaints, and disciplinary processes
    • Introducing new penalties to deter bad behaviour. The Government is currently consulting on creating a new offence in the Building Act for deliberately hiding non-compliant building work in the context of remote inspections. 

    “These changes will be critical in supporting the Government’s agenda to make it easier and more affordable to build, and is particularly important when we place more trust in qualified individuals and reduce oversight from third parties as we have done through our NZ First-National commitment to allow granny flats and other small structures up to 60sqm to be built without a building consent.  

    “Lifting the competence of building professionals will also help support the ACT-National commitment to explore allowing builders to opt out of a building consent if they have insurance as this is one of the enablers for insurance companies to have confidence in taking on building work. 

    “This is all part of the Government’s plan to rebuild the economy and go for housing growth so Kiwis can get ahead.”

    Notes to editors 

    • As part of the consultation on increasing the use of remote inspections the Government is consulting on creating a new offence to deter deceptive behaviour during a remote inspection with a penalty of $50,000 for individuals and $150,000 for businesses.
    • This work to strengthen requirements for building professionals complements work currently underway by the Government to combat phoenixing which is a particular problem in the Building Industry. 

    MIL OSI New Zealand News