NewzIntel.com

Blog

  • MIL-OSI China: China provides vibrant digital trade cooperation platform

    Source: China State Council Information Office 3

    Sales staff promote African products via livestreaming during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    The third Global Digital Trade Expo (GDTE), concluding on Sunday, has been a vibrant platform for fostering global partnerships in digital commerce and thus sustainable growth.

    Held in Hangzhou, a city known for blending ancient charm and modern innovation, the expo featured more than 1,500 enterprises, including over 300 international companies.

    Attendees experienced cutting-edge innovations like AI-driven robots and hydrogen-powered drones and were presented with over 400 new products and technologies.

    Valuable experience

    Kazakh Minister of Digital Development, Innovation, and Aerospace Industry Zhaslan Madiyev highlighted China’s role as a global leader in e-commerce and digital technologies, noting that China is accelerating the digital transformation of markets worldwide.

    In a written interview with Xinhua, Madiyev said China’s experience offers valuable insights for countries in the early stages of developing their digital markets, aiding global growth and helping reduce digital inequality. He cited Kazakhstan’s efforts to improve telecommunications and cybersecurity by learning from China.

    In addition to cutting-edge technologies, China’s experience in e-commerce also set an example for countries seeking to capitalize on the rapid growth of digital trade.

    Kilimall, an e-commerce platform founded by Chinese entrepreneurs in Africa in 2014, has become one of the most popular shopping websites among Africans. It has generated about 10,000 local jobs in logistics, courier services, customer support and regional sales.

    The cooperation between China and Africa in digital economy “represents a new model of economic cooperation that creates tangible value for businesses and people on both sides” said Ugandan Ambassador to China Oliver Wonekha.

    Digitalization is a technological leap and a key driver of future development for countries and businesses, said Jean Louis Robinson, ambassador of Madagascar to China. “We are eager to work closely with Chinese companies to learn from China’s advanced experience in digital economy and promote sustainable development in Madagascar,” he added.

    Robots perform dance at a booth during the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    Vast opportunities

    China’s advanced digital economy and vast market scale are creating immense opportunities for the world, said experts and attendees at the expo.

    “For us, China is not just a sales market,” said Lyu Feng, division head of public relations at Yokogawa China, a Japanese electric firm. He highlighted China’s vast emerging industries, strong market demand, and numerous high-tech companies.

    Lyu added that the company emphasizes collaborating with Chinese enterprises to explore new opportunities, particularly in digital transformation and carbon emissions management in the manufacturing sector.

    Zhu Lili, vice president of AstraZeneca China, expressed that the pharmaceutical giant is “highly confident” in the Chinese market and its innovation ecosystem. She emphasized the company’s goal to partner with more local firms to explore the application of digital technologies in healthcare, driving sustainable and high-quality growth for both the healthcare industry and the broader economy.

    In the first half of 2024, China’s cross-border e-commerce imports and exports reached 1.22 trillion yuan (about 170 billion U.S. dollars), an increase of 10.5 percent year over year, according to customs data.

    Kazakhstan has opened national pavilions on Chinese e-commerce platforms like Alibaba and JD.com to promote products such as powdered milk, safflower oil, and honey, boosting bilateral e-commerce ties, Serik Korzhumbayev, editor-in-chief of Delovoy Kazakhstan, told Xinhua.

    Yao Hongchun, vice president of the Thai Chinese New Generation Business Association, emphasized its potential for collaboration with China, mainly through advanced e-commerce technologies tailored to Thai consumers.

    A foreign merchant consults about a small intelligent translation device at the third Global Digital Trade Expo in Hangzhou, east China’s Zhejiang Province, Sept. 25, 2024. [Photo/Xinhua]

    Cooperation platform

    “E-commerce can be successful and further developed in the long run if everyone can find their way in it, if it is based on close international cooperation, if it is diversified and if as many countries as possible are involved on both the manufacturer and the buyer side,” Hungarian National Assembly’s Deputy Speaker Lajos Olah said at the opening ceremony of the expo.

    By July 2024, China has signed e-commerce cooperation memorandums of understanding with 33 countries spanning five continents.

    Additionally, China has been involved in digital economy collaborations through multilateral frameworks like the Shanghai Cooperation Organization, BRICS, the APEC Economic Leaders’ Meeting, and the G20, according to an e-commerce development report released by China’s Ministry of Commerce during the expo.

    Beyond exhibitions, this year’s GDTE also featured multiple forums, meetings, and seminars, providing officials and industry leaders with platforms to exchange views and discuss prospects for international collaboration.

    Through participating in the expo, Thailand is ready to work with partners in trade, investment, research, and development to expand its digital products and services, aiming to integrate into key global supply chains, Thailand’s Deputy Permanent Secretary of the Ministry of Commerce, Ekachat Seetavorarat told Xinhua on the sidelines of the expo.

    Madiyev also highlighted the GDTE as a unique opportunity to exchange experiences with leading global players in the digital economy and expand economic ties with other countries, particularly China.

    MIL OSI China News –

  • MIL-OSI Economics: ADB Approves $30 Million Financing to Strengthen Climate Resilience in Nepal

    Source: Asia Development Bank

    MANILA, PHILIPPINES (30 September 2024) — The Asian Development Bank (ADB) has approved a $30 million financing package to improve climate resilience, water resources management, and livelihoods of communities in Karnali and Sudurpashchim provinces in Nepal.

    “Nepal is increasingly at risk from the devastating impacts of climate change, as extreme weather events become more frequent. The Karnali and Sudurpashchim provinces are assessed to be the most vulnerable regions to climate change, largely owing to the poor communities’ low coping capacity” said ADB Environment Specialist Sumit Pokhrel. “This project will help communities in the targeted project areas to be more climate-resilient, build their capacity to preserve and manage their natural resources, and expand nature-based livelihood opportunities that will boost the local economy.”

    The package comprises a $10 million concessional loan and a $20 million grant from the Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries.

    The Climate-Resilient Landscapes and Livelihoods Project will help communities in 24 municipalities prepare catchment management plans to ensure effective water resources management and water security. The project will support the construction of small-scale drinking water systems and gravity-fed irrigation facilities. It will introduce water and soil conservation measures to protect landscapes from adverse effects of climate change. This includes the construction of soil erosion, surface runoff control, and infiltration structures; slope and stream bank stabilization; and land cover improvements such as nurseries, restoration of barren lands, and agroforestry.    

    ADB will provide grants to support nature-based livelihood investments such as the cultivation of medicinal and aromatic plants, non-timber forestry products, and indigenous crops. This will improve income opportunities of farmers and small and medium-sized enterprises, including women entrepreneurs. The project will also promote ecotourism in the region to diversify local communities’ income sources.  

    The project will build the capacity of federal, provincial and local governments to effectively plan, manage, and monitor water infrastructure, watersheds, and livelihood projects. At the local level, the project will train and inform communities on land and water preservation and conservation, and on nature-based livelihood opportunities.  

    ADB will administer an additional $2 million grant financed by the Community Resilience Partnership Program Trust Fund (CRPPTF) under the Community Resilience Financing Partnership Facility, which is dedicated to financing women-led small and medium enterprises. An additional $1.25 million grant from ADB’s Technical Assistance Special Fund and $500,000 from the CRPPTF is allocated for capacity building towards livelihood enhancement, ecotourism promotion, geographical indication, and independent project monitoring.

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

    MIL OSI Economics –

  • MIL-OSI Economics: Additional ADB Financing to Expand Water Supply, Sanitation Coverage in Kyrgyz Republic

    Source: Asia Development Bank

    MANILA, PHILIPPINES (30 September 2024) — The Asian Development Bank (ADB) has approved $32.35 million of additional financing for a rural water supply and sanitation development program in northern Kyrgyz Republic that is already performing well.

    The additional financing will empower the government to continue rolling out its water program under the Kyrgyz Republic’s National Development Strategy, 2018–2040—which aims to provide drinking water to 95% of the country’s settlements and extend centralized water supply to more than 2 million rural residents.

    Using a results-based approach, the additional financing will help to scale up the successful intervention in centrally located Naryn Province—raising the initial target of 64,000 people reached to 100,000. The funding also enables an increase in the number of education and health facilities that have separate toilets for women and men from 21 to 37.

    “When the project team visits the sites, we are met with overwhelming gratitude from the villagers,” said ADB Principal Urban Development Specialist Heeyoung Hong. “The elderly and children no longer have to trek miles and endure long waits for water, especially in the freezing cold of winter. The success of the ongoing program shows the profoundly positive impact that well-targeted development financing, perfectly aligned with the government’s program, can have on people.”

    Climate change considerations are integrated throughout the program’s design and targets. This includes piloting household sanitation solutions that are resilient to climate change and disasters. The program will fund climate risk assessments of potential potable water sources and deploy campaigns to help raise awareness among local residents on the importance of saving water.

    “While the Kyrgyz Republic has abundant water, it is not distributed evenly—especially to villages across Naryn province,” said ADB Director General for Central and West Asia Yevgeniy Zhukov. “With climate change accelerating the pace of glacial melt, the availability of water in the glacier-dependent province faces a serious threat. This additional support will help build infrastructure that can withstand the impacts of climate change—ensuring that the Kyrgyz people in these low-income and rural areas have access to safe and reliable water and sanitation services.”

    The financing comprises a $27 million concessional loan and a $5.35 million grant from the Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries. The Government of the Kyrgyz Republic is also contributing another $6.45 million in this round of financing.

    This year marks the 30th anniversary of the partnership between ADB and the Kyrgyz Republic—a cooperation spanning more than 217 projects and technical assistance in key economic sectors. Since the Kyrgyz Republic joined ADB in 1994, the bank has committed public sector loans, grants, and technical assistance totaling $2.6 billion to the country.

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

    MIL OSI Economics –

  • MIL-OSI: Bitget Wallet Launches OmniConnect Dev Kit, Bridging A Billion Telegram Users to Multichain Web3 Ecosystems

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 30, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has announced the launch of OmniConnect, a software development kit that enables developers to seamlessly connect Telegram Mini-Apps to multichain ecosystems across over 500 blockchains including mainnets like Solana, TON and all EVM-compatible chains. The integration allows Telegram Mini-Apps to utilize Bitget Wallet for signing and conducting transactions across multiple blockchain networks. The future plans of OmniConnect go beyond supporting Telegram Mini-Apps, aiming to expand to plugins, mobile apps, and web platforms, allowing seamless interactions across any blockchain.

    This release signifies a major leap in the integration of Web3 ecosystems with Telegram, offering over a billion Telegram users and developers a simplified, efficient way to interact with multiple blockchains. By integrating with Bitget Wallet, Telegram transforms into a comprehensive gateway to Web3, facilitating a smoother transition from Web2. The Telegram Mini-Apps play a crucial role in onboarding new users to Web3, offering an accessible entry point for individuals who have not previously interacted with decentralized technologies. This aligns with Bitget Wallet’s vision to connect a billion users from social platforms to the entire Web3 world, forming a core part of the broader Bitget Onchain Layer strategy.

    Alvin Kan, COO of Bitget Wallet, highlighted the importance of this development, stating, “Previously, Telegram Mini-Apps could only interact with the TON network, making it difficult to engage with other public chains. Bitget Wallet’s OmniConnect aims to bridge this gap, enabling seamless multi-chain interaction via Bitget Wallet. We’re excited for more developers and blockchain ecosystems to join us in building a more open and thriving Web3 environment on Telegram.” Additionally, Bitget Wallet is set to announce further initiatives aimed at empowering the broader Mini-App ecosystem and deepening integration with Telegram, which are expected to enhance the capabilities and reach of both platforms and benefit the wider builder community.

    Bitget Wallet has already established deep integration within the Telegram and TON ecosystems, partnering with major projects like Tomarket, Catizen, and Yescoin. It was the first to extend MPC keyless wallet to the TON mainnet, developed trading bots for Telegram, and provided multi-chain trading, zero-gas fee experiences on TON DApps, and access to popular project airdrops. Through these efforts, Bitget Wallet has positioned itself as a crucial infrastructure in the Telegram ecosystem. In August 2024 alone, Bitget Wallet saw nearly 2 million downloads, making it the most downloaded wallet globally according to App Store and Google Play data.

    With over 30 million global users, Bitget Wallet is committed to driving mass adoption of Web3 by simplifying access through its MPC keyless wallet, which enables secure logins using familiar methods like email, Apple ID, Google accounts, and Telegram. As an all-in-one platform wallet, Bitget Wallet continues expanding its features in directions like “Wallet+Trading,” allowing users to trade directly within their wallets, and “Wallet+Social,” which integrates social functionalities and connects with Telegram and multi-chain ecosystems. Alvin Kan added, “Our goal is to be the gateway for mass Web3 adoption, making it easy for even non-Web3 users to access DeFi, blockchain games, and the broader crypto ecosystem.”

    Go to OmniConnect Dev Kit: https://web3.bitget.com/en/docs/dapp/telegram-webapps-wc.html

    About Bitget Wallet

    Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.

    For more information, visit: Website | Twitter | Telegram | Discord

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4de495e5-b690-43d6-9e5a-4c551ce65302

    The MIL Network –

  • MIL-OSI: Defiance ETFs Announces Monthly Distributions on $QQQY (65.47%) $JEPY (49.19%) $IWMY (72.57%) $SPYT (20.02%) $USOY (48.25%) $QQQT (20.02%)

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 30, 2024 (GLOBE NEWSWIRE) —

    09-30-2024 Distributions
    Ex & Record Date 10/1/2024. Payable on 10/3/2024.

    • QQQY – Nasdaq 100 Enhanced Options & 0DTE Income ETF. 65.47% distribution rate.* $1.9935/share.
    • WDTE (formerly JEPY) – S&P 500 Enhanced Options & 0DTE Income ETF. 49.19% distribution rate. $1.8085/share.
    • IWMY – R2000 Enhanced Options & 0DTE Income ETF. 72.57% distribution rate. $2.2389/share.
    • SPYT – S&P 500 Income Target ETF. 20.02% distribution rate. $0.3338/share.
    • USOY – Oil Enhanced Options Income ETF. 48.25% distribution rate. $0.6106/share.
    • QQQT – Nasdaq 100 Income Target ETF. 20.02% distribution rate. $0.3220/share.

    As of 08/31/2024 The 30-Day SEC Yield** for QQQY is 3.80%, JEPY is 3.91%, IWMY is 3.81%, SPYT is 0.51%, USOY is 4.30%, and QQQT is -0.13%

    New Income Strategy: Weekly Distributions

    We’re excited to announce that QQQY, WDTE (formerly JEPY), and IWMY now target weekly distributions. The first weekly declaration for these funds will occur on 10/9/2024. The full distribution schedule can be found on each fund page of the http://www.defianceetfs.com website.

    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling 833.333.9383.

    QQQY Inception Date: 9/13/2023. Click here for QQQY Standardized Performance. WDTE Inception Date: 9/18/2023. Click here for WDTE Standardized Performance. IWMY Inception Date: 10/30/2023. Click here for IWMY Standardized Performance. SPYT Inception Date: 03/07/2024. Click here for SPYT Standardized Performance. USOY Inception Date: 05/09/2024. Click here for USOY Standardized Performance. QQQT Inception Date: 06/20/2024. Click here for QQQT Standardized Performance.

    Distributions from the ETFs include the following estimated return of capital per the 9/5/2024 19-a1 Notice: Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF, ticker QQQY 59.83%; Defiance S&P 500 Enhanced Options & 0DTE Income ETF, ticker WDTE 48.27%; Defiance R2000 Enhanced Options & 0DTE Income ETF, ticker IWMY 77.80%; Defiance S&P 500 Income Target ETF, ticker SPYT 87.66%; Defiance Oil Enhanced Options Income ETF, ticker USOY 91.06%; Defiance Nasdaq 100 Income Target ETF, ticker QQQT 100.00%

    Defiance Shifts to Weekly Distributions and Name Changes for the 0DTE Income ETF Suite, effective Sept 26th, 2024. Also effective Sept 26th is JEPY ticker change to WDTE. Read more here.

    The Gross Expense Ratio for QQQT is 1.05%, QQQY, WDTE, IWMY, and USOY is 0.99%, and SPYT is 0.94%.

    Click here for the QQQY Prospectus.
    Click here for the WDTE Prospectus.
    Click here for the IWMY Prospectus.
    Click here for the SPYT Prospectus.
    Click here for the USOY Prospectus.
    Click here for the QQQT Prospectus.

    * The Distribution Rate is the estimated payout an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    ** The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.

    IMPORTANT RISK INFORMATION

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    QQQY and QQQT Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    WDTE & SPYT Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    WDTE Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    ​IWMY Indirect Investment Risk: The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    An Investment in the Fund is not an investment in the Index, nor is the Fund an investment in a traditional passively managed index fund.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Fixed Income Securities Risk: The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. Generally fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, and longer-term and lower rated securities are more volatile than shorter- term and higher rated securities.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”).

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”).

    Defiance ETFs are distributed by Foreside Fund Services, LLC.

    David Hanono
    Defiance ETFs
    +1 833-333-9383

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e034b5c1-e346-4c0c-ab39-ee49a8ded830

    The MIL Network –

  • MIL-OSI Asia-Pac: Appointments to Endangered Species Advisory Committee

    Source: Hong Kong Government special administrative region

    Appointments to Endangered Species Advisory Committee
    Appointments to Endangered Species Advisory Committee
    *****************************************************

         ​The Government today (September 30) announced the appointments to the Endangered Species Advisory Committee (ESAC) for the period from October 1, 2024, to September 30, 2026.     The ESAC was established in accordance with the Protection of Endangered Species of Animals and Plants Ordinance (Cap. 586) to advise the Director of Agriculture, Fisheries and Conservation on the administration of the Ordinance.     The following members will serve in the new term:Professor Wong Kam-bo (Chairman)Mr Chan Chun-pangMs Angela Chan Nga-chi Dr Tommy Hui Tin-yanMs Rose Ko Lai-fong Ms Elaine Shiu Yin-ningDr Simon Sin Yung-wa Ms Cammy So On-manMr Stanley Wong Cho-hangMs Josephine Wong Lai-meiMr Yang JianhuanMr Henry Yau Yik-chungMs Fanny Yeung Shuk-fun Director of Agriculture, Fisheries and Conservation with Deputy Director of Agriculture, Fisheries and Conservation as alternate memberCommissioner of Customs and Excise with Assistant Commissioner of Customs and Excise (Boundary and Ports) as alternate memberPrincipal Assistant Secretary for Environment and Ecology (Nature Conservation) with Assistant Secretary for Environment and Ecology (Nature Conservation) 2 as alternate MemberAssistant Director of Agriculture, Fisheries and Conservation (Conservation)     The Agriculture, Fisheries and Conservation Department expresses its gratitude for the service and valuable contributions of the outgoing members Ms Chiang Mei-ling, Dr David Lau Tai-wai, Dr Michelle Law Man-suet, Dr Xoni Ma Kwan-ki, Dr Sung Yik-hei, and Mr Matthew Wong Yin-shun.

     
    Ends/Monday, September 30, 2024Issued at HKT 12:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Lane blocked, Remutaka Hill

    Source: New Zealand Police (District News)

    Motorists heading over the Remutaka Hill are advised that a bus has broken-down in the westbound lane, just west of the summit.

    Police were notified about 4:20pm.

    There are no injuries but traffic is building up on both sides.

    Motorists are asked to expect delays and delay their travel if possible.

    ENDS

    MIL OSI New Zealand News –

  • MIL-OSI China: Chinese FM outlines China’s vision for addressing global challenges

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

    UNITED NATIONS, Sept. 29 — Chinese Foreign Minister Wang Yi on Saturday outlined China’s vision for tackling the world’s most urgent challenges, reaffirming the country’s role as a proactive force in global governance and cooperation.

    “As the world faces increasingly serious challenges, China has never opted to be an indifferent spectator. Instead, we have been playing a bigger part in global governance than ever before,” said Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, in his speech at the general debate of the 79th session of the United Nations General Assembly.

    Wang referenced the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative proposed by President Xi Jinping as examples of China’s leadership in proposing solutions to the difficult issues facing humanity.

    “They carry China’s wisdom for resolving various difficult issues confronting humanity, and bring impetus from China for improving global governance,” he said.

    In the face of uneven and inadequate global development, China’s proposal is to put development at the top of the global agenda, focus on delivering the Sustainable Development Goals of the U.N. 2030 Agenda, increase input in development, and help developing countries better respond to different risks and challenges, said Wang.

    At the recent Beijing Summit of the Forum on China-Africa Cooperation, Xi outlined 10 partnership actions to be taken together with Africa to advance modernization, and announced the decision to give over 40 least developed countries (LDCs), including those in Africa, zero-tariff treatment for 100 percent tariff lines.

    “China is the first major developing country and the first major economy to take such a significant step,” Wang said.

    He pointed out that in the face of unilateral, bullying acts such as sanctions and blockade, China firmly supports countries in defending their legitimate rights, upholding the equity and openness of the international system, making global development more coordinated and beneficial for all, and jointly opposing technology blockade and rejecting decoupling or severing supply chains.

    “Sanctions and pressure will not bring monopolistic advantages. Suppressing and containing others will not solve problems at home. The right of people of all countries to pursue a better life should not be taken away. Here, we once again urge the United States to completely lift its blockade, sanctions and terrorism-related designation against Cuba,” said Wang.

    In the face of aggravating ecological challenges, Wang said, China is firmly committed to a path of green, low-carbon and sustainable development.

    “We will move from carbon peaking to carbon neutrality in the shortest time span in world history, contributing China’s efforts to harmonious coexistence between humanity and nature,” he said.

    At the global level, the principle of common but differentiated responsibilities must be upheld, and the Paris Agreement must be implemented in earnest, he added.

    “Developed countries should assist developing countries in building their capacity to cope with climate change. Touting the need of climate response while suppressing the green industries of others will only hold back global progress in green transition,” said Wang.

    Addressing the rapid rise of artificial intelligence (AI), Wang stressed China is committed to taking a people-centered approach, developing AI for good, and putting equal emphasis on development and security.

    “We are working to explore and establish widely-recognized international rules and standards,” he said, adding China supports the U.N.’s role as the main channel for global AI governance and is committed to strengthening international cooperation on AI capacity-building.

    “China has put forth the AI Capacity-Building Action Plan for Good and for All, and is ready to make more contributions to the sound, orderly, fair and inclusive development of AI,” said Wang.

    On human rights protection, Wang reiterated China’s stance that all countries should have the right to independently choose their path of human rights development. He rejected external interference in others’ internal affairs citing human rights as an excuse, asserting that no country should impose its own will on others.

    “In human rights protection, China is committed to putting people first and promoting the free and well-rounded development of the people. We have found a path of human rights development that suits China’s national conditions,” he said. “China is ready to engage in dialogue and exchanges with all countries and UN human rights bodies on an equal footing, and jointly promote the sound development of the global human rights cause.”

    MIL OSI China News –

  • MIL-OSI Australia: Woman charged with high range drink driving following Kings Meadows crash

    Source: Tasmania Police

    Woman charged with high range drink driving following Kings Meadows crash

    Monday, 30 September 2024 – 2:23 pm.

    A 45-year-old woman from Nunamara has been charged with drink driving following a crash at Kings Meadows on Saturday.
    Inspector Craig Fox said police and other emergency services were called to the scene on Kings Meadows Link about 2pm, arriving to find the woman nearby the crashed vehicle.
    “The woman later returned a breath analysis reading of 0.314, over six times the legal limit,” he said.
    “She was arrested and charged with exceeding the prescribed alcohol limit, driving whist disqualified, breaching bail, and other related offences.”
    “Her vehicle was also seized and police will apply for it to be forfeited.”
    “Police would like to thank those members of the public who contacted police and provided information about the crash.”
    The woman is due to appear in the St Helens Magistrates Court on 2 October.
    Anyone with further information is asked to contact police on 131 444 or Crime Stoppers on 1800 333 000 or at crimestopperstas.com.au. Information can be provided anonymously.

    MIL OSI News –

  • MIL-OSI New Zealand: Foreign Minister completes successful week of international engagements

    Source: New Zealand Government

    Foreign Minister Winston Peters today wrapped up a week of high-level engagements at the United Nations in New York and in Papeete, French Polynesia.

    “Our visit to New York was about demonstrating New Zealand’s unwavering support for an international system based on rules and respect for the UN Charter, as articulated by then Prime Minister Peter Fraser at the UN’s founding on behalf of New Zealand people,” Mr Peters says.

    “The UN Security Council remains at the centre of the international peace and security system. Our bid for a seat on the Security Council for the 2039-40 term is both important and necessary. As a small state and country of the Pacific, we look forward to again bringing a constructive voice to the top table.”

    While in New York, Mr Peters also engaged in several high-level meetings and held talks with a range of counterparts, including from Iceland, Italy, Jordan, Egypt, Netherlands, Costa Rica, Sweden, Kiribati, Maldives, Palestinian Authority, and the Gulf Cooperation Council.

    “Our talks in Papeete today with President Moetai Brotherson, French High Commissioner Dominique Sorain, former Presidents Édouard Fritch and Oscar Temaru, Members of Parliament, and business leaders reinforced the warm and enduring relationships between New Zealand, French Polynesia and France”, Mr Peters says.

    Mr Peters is aiming to visit all 17 other Pacific Islands Forum countries in 2024. French Polynesia was the 15th he visited, leaving only New Caledonia and Kiribati to go. 

    Mr Peters returns to New Zealand later today.

    MIL OSI New Zealand News –

  • MIL-OSI Security: United States Coast Guard, Republic of Palau deepen partnership at Joint Committee Meeting in Peleliu

    Source: United States Coast Guard

     

    09/30/2024 12:28 AM EDT

    PELELIU, Republic of Palau — The Republic of Palau and the United States reaffirmed their longstanding partnership and shared history at the Joint Committee Meeting (JCM) held from September 13 to 18, 2024, in Peleliu, with participation from U.S. Coast Guard Forces Micronesia/Sector Guam. The meeting followed the 80th Anniversary Commemoration of the Battle of Peleliu, a pivotal World War II event symbolizing the enduring bonds of friendship and cooperation between the two nations. It highlighted the commitment of the U.S. Coast Guard to regional security and support for Palau’s maritime initiatives. Distinguished delegates from both nations, including Palauan President Surangel Whipps Jr., U.S. Ambassador to Palau Joel Ehrendreich, Rear Adm. Gregory Huffman, commander of Joint Task Force-Micronesia, and Capt. Robert Kistner, Forces Micronesia Sector Guam commander, representing the U.S. Coast Guard, gathered to discuss ongoing initiatives and future collaboration to enhance regional security, economic development, and community resilience. The JCM, a keystone of the Compact of Free Association, provides a platform to address mutual priorities and challenges.

    For breaking news follow us on twitter @USCGHawaiiPac

    MIL Security OSI –

  • MIL-OSI Translation: 28.09.2024 2,400 volunteers start estudio con in four military academies in their first year. More than 1,300 took the oath today

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    2,400 volunteers begin their first-year studies at four military universities. Over 1,300 took the oath today 28.09.2024– In the oath, you say, swearing allegiance to the homeland, that you will not spare your health, and if necessary, your lives. Bromear great mission, bromear great service, bromear great cause. Poland is a great cause, and there is no Polish cause without your involvement. On behalf of the Republic of Poland, I would like to thank you all for joining the armed forces, the Polish Army, for taking today’s oath. Poland is proud of you and is very grateful to you. You have already completed basic training, some of you have just received awards, but all of you are distinguished by the opportunity to wear the uniform of a soldier of the Polish Army, with a white and red flag on your niu. Take care of your honor, the honor of the Polish Army, the honor of each of you, the banners that stand and wave proudly among you today. Take care of each other, because you also create a great community of a 200,000-strong army that is growing – said Deputy Prime Minister Władysław Kosiniak-Kamysz during the military oath in Warsaw.

    On Saturday, September 28, at the Military University of Technology, Deputy Prime Minister W. Kosiniak-Kamysz and Deputy Minister Stanisław Wziątek took part in the ceremonial military oath of volunteers starting their studies at four universities. – You start your service and your studies at military universities. You will combine this, this great effort and sacrifice. Today, there are over 1,300 cadets among us who have taken their oath. Another 600 are taking the oath in Wrocław at the same time. Some of those who started their studies, una broma que in total in the first year of all universities over 2,400 cadets. We have increased recruitment by 400 places this year, we are developing military universities – the head of the Ministry of National Defense emphasized during the ceremony. The oath in Warsaw was taken by 1,320 soldiers of voluntary basic military service from the Military University of Technology, the Air Force Academy, the Land Forces Academy (educated at the Military Medical College of the Medical University of Łódź) and the Naval Academy. In accordance with the Ministry of National Defense limit for the academic year 2024/2025 – many more than those taking the oaths today will start their studies at the four universities, because in total over 2,400 soldiers. A large group of those accepted for studies had already taken the military oath. At the ceremony, the head of the Ministry of National Defense presented awards to volunteers who achieved high results during basic training. The Deputy Prime Minister thanked the cadets of military universities for their involvement in the flood control operation in the south-west of the country. – Almost 8,200 soldier-cadets at all military universities will start another academic year this year. Para bromear a huge part of the Polish Army, which proves itself in action, not only in preparation. At this point I would like to sincerely thank a group of a thousand cadets from the Military University of Technology, the Land Forces Academy, the Naval Academy and the Air Force Academy for the fact that at the moment of trial, when support was needed, when Lower Silesia and the Opole region needed soldiers of the Polish Army, you also showed up to strengthen the embankments, to help those affected by the flood. Bromear your mission and this bromear practical test of your skills, this bromear helping others, these are the non-military activities of the Polish Army that are extremely important in modern times – noted the Deputy Prime Minister. * * *Students admitted to military studies in the academic year 2024/2025 will begin their military service on the principles introduced by the Act on the Defense of the Homeland. They will pursue education in the first year of studies as soldiers of voluntary basic military service, and from the second year they will gain the status of professional soldiers.

    Photos (4)

    MILES AXIS

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

    MIL Translation OSI

  • MIL-OSI Translation: 28/09/2024 Varsovia Informe on flood-related activities and changes in the budget

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    The Prime Minister called a special government meeting on Saturday to adopt changes to the draft budget for 2025 and discuss actions related to removing the effects of the flood. The heads of the State Fire Service, Police and General Staff were also invited to participate – the first part of the meeting was a staff briefing. In the second part, the Council of Ministers adopted changes to the draft budget for 2025, which will provide funds for the reconstruction of flooded areas. Coordinated actions and emergency aid

    The actions of the government and services in connection with the flood situation include record involvement of firefighters and police officers as well as cooperation with the army, including the establishment of a joint helicopter center.

    As for the reconstruction, the assessment is ongoing. Of course, at this point the most important thing is to remove the immediate damage, pump out the water, and pay benefits, but from what the governors told us yesterday, it is progressing very dynamically.

    – The Minister said of Internal Affairs and Administration. Within two weeks, benefits were given to almost 37 thousand families, and over 622 million zlotys were allocated to remove the effects of the flood. The Minister assured that the actions are coordinated and the threat is under control, thanks to constant monitoring of the situation and ongoing cooperation between the services and local and central authorities.

    Nearly 200 reasons to be happy

    In the face of dramatic weather conditions, aviation played a key role in rescue operations, saving 199 people who were in immediate danger. Thanks to determined pilots and specialized rescue units, almost 5,000 people could be evacuated from flood-prone areas. The pair testifies to the enormous strength and effectiveness of the services that have been and continue to provide help in the most difficult moments.

    It is good that the public has heard these words about the direct effect of the work of, for example, our pilots in rescue operations using helicopters – 199 people are alive only because these determined, brave people were on duty all the time and ready to help.

    -Prime Minister Donald Tusk said. The situation in West Pomerania remains serious, water levels exceed alarm levels. We must remain vigilant and cautious, because the flood wave not only poses a challenge to the embankments, but also requires additional precautions and coordination of actions. Due to heavy rainfall, Podkarpacie now requires special attention, also taking into account the terrain conditions. Local events may have serious consequences there, which is why it is necessary for the services to focus on monitoring the situation.

    The government is mobilizing forces for reconstruction after the flood

    Minister Marcin Kierwiński, the government’s plenipotentiary for the reconstruction of flood-affected areas, shared the latest information on the situation after the disaster. The process of estimating the damage is ongoing, and even at this stage the numbers are shocking. It is already known that the flood destroyed over 17 thousand residential buildings and almost 8.5 thousand economic facilities. The list also includes about 1150 public buildings, including 141 schools and 41 bridges. In the flood-affected areas, the governors, supported by the army, are involved in cleaning up and rebuilding key infrastructure. This refers not only to roads and bridges, but also to ensuring access to electricity, water and unclogging the sewage system.

    In the face of the devastation caused by the flood, the government is taking urgent action to restore normalcy to residents. Our priority is not only to clean up, but also to rebuild key infrastructure that is essential for the life and functioning of local communities

    – said the government’s plenipotentiary for the reconstruction of flood-affected areas. In the face of such enormous challenges, the government plans to establish priorities in order to restore normalcy to residents as soon as possible. El Ministro M. Kierwiński promised to keep the situation and progress in reconstruction up to date. Immediately after his speech, he went to the flood-affected areas.

    Military actions in response to flood

    The Polish Armed Forces have been actively responding to the flood since the beginning. 13,646 operational soldiers and 3,261 Territorial Defense soldiers are participating in the action. The army is involved in rescue operations and support for local communities affected by the disaster.

    The army carries out all the tasks we set from the very beginning, from receiving the first information and putting it on alert. Operational troops bear the burden of flood damage repair operations

    – said the Minister of National Defense. As part of Operation Feniks, the army is also involved in clearing communication, disinfecting apartments and delivering meals. El primer minister Kosiniak-Kamysz drew attention to the need for cooperation with other institutions and the need to monitor flooded areas.

    False alarms and their consequences

    Since the beginning of the flood crisis, the government has been working with the police and prosecutors to ensure the safety of residents of flood-affected areas. The Prime Minister noted the seriousness of any crimes, such as false alarms, which can divert the attention of services from real threats.

    It’s not much different from false bomb threats. These are things that mean that somewhere else someone could be in real danger, because the police, fire department, or the military will follow the false signal.

    – emphasized the head of government. Various conspiracy theories and disinformation activities also contribute to the damage and undermine trust in the state. Therefore, Donald Tusk thanked the police and prosecutors for their quick and effective actions, which accelerate the court proceedings against criminals.

    Help for households and entrepreneurs

    The government is introducing various forms of support for entrepreneurs and households affected by the flood. Among the available funds is emergency aid in the form of a flood allowance, which amounts to PLN 8,000 for households and an additional PLN 2,000 for people in a particularly difficult situation. “Emergency aid in the form of a flood allowance has already reached approximately 40,000 families in the Lower Silesian Voivodeship. We are monitoring this process to ensure that support is provided efficiently and in accordance with simplified procedures,” said the Minister of Family, Labor and Social Policy. In a special so-called flood act, the government has also introduced one-off aid in the amount of PLN 1,000 – it is to alleviate the effects of the need to dry flats and houses. Renovation aid is also planned, which is intended to support people who have damaged buildings, including those used for business activities. Owners of small businesses, such as hairdressing salons, can also apply for aid. Detailed information can be found on the website.

    Changes to the budget for 2025 – financial support for reconstruction after flooding

    The Council of Ministers has adopted changes to the draft budget act for 2025, which are a response to the exceptional flood situation in the country. The government gives priority to helping the victims, which is reflected, among others, in the increase in funds for counteracting the effects of natural disasters to the amount of PLN 3 million 191 million. The budget amendment proposal also assumes an increase in spending on housing by PLN 420.2 million and on research by PLN 50 million, which emphasizes the government’s commitment to the social and economic development of the country. Detailed information on the draft amendment to the budget act for 2025. Additionally, the government recommended to the Sejm to reduce the budgets of entities such as the Supreme Court, the National Broadcasting Council, the Institute of National Remembrance and the Chancellery of the President by a total of PLN 200 million.

    We are analysing that the budgets of entities such as the Supreme Court, the National Broadcasting Council, the Institute of National Remembrance and the Chancellery of the President could be reduced by an amount of no less than PLN 200 million, and this could be allocated to helping people affected by the flooding.

    – The Minister of Finance reported. In the budget for 2024, the government has secured PLN 2 billion for now without the need to amend it. Analyses regarding the need and possibilities of increasing these funds are ongoing.

    MILES AXIS

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

    MIL Translation OSI

  • MIL-OSI Translation: 28/09/2024 The Council of Ministers adopted the Public Finance Sector Debt Management Strategy for 2025–2028, submitted by the Minister of Finance

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    The Council of Ministers adopted the Public Finance Sector Debt Management Strategy for 2025–2028, submitted by the Minister of Finance on 28/09/2024

    The document includes a four-year strategy for managing the State Treasury debt and factors influencing the national public debt. The strategy is prepared annually. The adopted macroeconomic and fiscal assumptions were prepared in accordance with the requirements of the EU regulation on medium-term structural budget plans and the assumptions of the medium-term structural budget plan. Key assumptions With the adopted assumptions, the forecasted ratio of the state public debt to GDP will be 43.3% in 2024 and 47.1% in 2025, then it will increase to 48.6% in 2027, and in the last year of the forecast it will decrease to 48.3%. Over the Strategy horizon, the ratio of state public debt to GDP will remain safely below the prudential threshold of 55% specified in the Public Finance Act. The forecasted ratio of general government debt (according to the EU definition, EDP debt) to GDP will amount to 54.6% in 2024 and 58.4% in 2025, then increase to 61.3% in 2027, and in 2028 it will decrease to 61.2%. The EDP debt to GDP reference value of 60% will be exceeded in 2026. Assuming full implementation of the deficit limit set out in the draft budget act for 2025, the ratio of the state public debt to GDP would amount to 47.9% in 2025, and the general government debt to GDP would amount to 59.8% of GDP. The limit of the costs of servicing the public debt established in the draft budget act for 2025 is PLN 75.5 billion, i.e. 1.9% of GDP. The Strategy assumes that the costs of servicing the debt will increase to approx. 2.3% of GDP con fijación 2027-2028. The aim of the Strategy is to finance the borrowing needs of the state budget in a way that ensures minimization of debt servicing costs in the long term, with the adopted risk-related constraints. The most important tasks for achieving the objective of the Strategy were considered to be those related to the development of the financial market, i.e. ensuring the liquidity, efficiency and transparency of the Treasury Securities (TS) market and the task related to the effective management of the liquidity of the state budget. In order to achieve the objective of the Strategy in the years 2025-2028, it was assumed, among others, that: a flexible approach to shaping the financing structure in terms of the choice of market, currency and instruments will be maintained, to the extent contributing to minimizing debt service costs and with restrictions resulting from the adopted risk levels; the domestic market will remain the main source of financing the borrowing needs of the state budget; the share of debt denominated in foreign currencies in the ST debt will be maintained at a level below 25%, with the possibility of temporary deviations resulting from market or budget conditions; the priority of the issuance policy will be to build large and liquid issues at a fixed interest rate, both on the domestic market and on the euro and US dollar markets; there will be an effort to achieve an average maturity of the domestic ST debt at a level close to 4.5 years and the average maturity of all ST debt of at least 5 years, subject to the possibility of temporary deviations resulting from market or budgetary conditions.

    MILES AXIS

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

    MIL Translation OSI

  • MIL-OSI Translation: 28/09/2024 The Council of Ministers adopted changes to the draft budget act for 2025

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    The exceptional situation related to the flood has led to the need to introduce changes to the draft budget act for 2025. Helping those affected by the flood is one of the government’s priorities and has been reflected in the new draft budget. We have increased funds for counteracting and removing the effects of natural disasters to the amount of PLN 3.191 million. The budget for 2025 provides funds to support citizens, security and economic development of Poland. On September 28, 2024, the Council of Ministers adopted changes to the draft budget act for 2025. The new draft assumes that state budget revenues will increase by PLN 230 million compared to the original draft, to PLN 632.848.2 billion. The total amount of state budget expenditure will remain unchanged, at PLN 921.618.2 billion. The deficit of PLN 230 million in the initial project will amount to PLN 288 million. Higher budget revenuesThe changes in the budget revenue plan for 2025 result primarily from the fact that the new project takes into account the effects of the regulation of the Minister of Finance of September 19, 2024, which extended the advance payments for certain taxes to 2025 for entities affected by floods. The amount of planned budget revenues is also affected by changes in the draft act amending the excise duty act and certain other acts. Budget expenditureOn the expenditure side, transfers have been made that allow for an increase in the state budget funds for counteracting and removing the effects of natural disasters for 2025. The earmarked reserve in item 4 has been increased from PLN 997 million (including PLN 786,176 million for the implementation of the “Flood Protection Project in the Odra and Vistula River Basins” and the “Project for Building Resilience to Climate Change in Water”) to the amount of PLN 3.191 million (including PLN 786.176 million for flood protection projects), i.e. by PLN 2.194 million. For this purpose, the reserve plan has been reduced where possible. Among other things, the reserve for State Treasury liabilities has been reduced (by PLN 400 million) and the general reserve (by PLN 279 million). The general reserve is used to respond to emergency situations that require immediate financial support. Support from this reserve is intended in particular for unforeseen events, the effects of which could not be planned in the mode of preparing the draft budget for the following year. The current flood situation authorizes the transfer of funds from the general reserve already at the planning stage to the flood reserve. As part of the changes to the draft budget act for 2025, the Minister of Justice reduced the expenses of common courts by PLN 321 million, postponing, among other things, the implementation of some construction and IT investments to the next budget year. The Minister of Finance – in agreement with BGK – reduced the demand for state budget funds for possible payments from BGK guarantee programs by PLN 211 million. The Minister of Finance also updated the demand for budget funds in special-purpose reserves in connection with new information that influenced the revision of forecasts. This concerns, among others, tasks currently financed from the Aid Fund, the financial projection of which ends in September 2025. The current implementation of some tasks indicates that the funds will be sufficient until the end of the year. This freed up the needs for the following months. The new draft budget act for 2025 also included auto-corrections of the budgets of non-governmental entities adjusting the increase in salaries to the level of 5% and in connection with the announcement of the average salary in the second quarter of 2024 by the President of the Central Statistical Office, on which the remuneration of judges is dependent. Increased expenditure on housing and science There was a further increase in expenditure on housing – item 39 of the special-purpose reserves for “Supplementation of expenditure on tasks in the area of ​​housing” was increased by PLN 420.2 million to supplement the non-repayable support for social and municipal housing in connection with the planned change in the regulations on financial support for certain housing projects. The financing of the tasks of the National Science Centre was increased by PLN 50 million. The Centre is one of the most important institutions in the country financing basic research (grants). Investing in scientific research is crucial for the development of society, improving the quality of life and strengthening Poland’s position in the international arena.

    MILES AXIS

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

    MIL Translation OSI

  • MIL-OSI Asia-Pac: REMARKS BY THE ACTING PRIME MINISTER, HON. TUALA TEVAGA IOSEFO PONIFASIO ON THE OCCASION OF THE CROWNING OF THE MISS UNIVERSE SAMOA – MS. HAYLANI PEARL KURUPPU

    Source: Government of Western Samoa

    Share this:

    (20TH SEPTEMBER 2024, ORATOR HOTEL AT 4:30PM)

    Ladies and gentlemen,

    Today marks the dawn of a new chapter in the history of pageantry for our nation. We gather here to celebrate and crown our Miss Universe Samoa, who will have the honor of representing our beautiful country at the 73rd Miss Universe competition, to be held in Mexico City on November 16, 2024.

    The Miss Universe competition is globally recognized as one of the top three international pageants. With its empowering motto, “Beautifully Confident,” the Miss Universe pageant aims to provide a platform where adult women from around the world can challenge themselves, express their voices, and be heard on the global stage. It is a movement that advocates for a future shaped by women—women with the courage to defy limits, curiosity to make groundbreaking discoveries, and audacity to continuously push the boundaries of possibility. These women become advocates for social causes, shouldering the responsibility of serving as role models with integrity and purpose.

    For over 30 years, Samoa has been absent from the Miss Universe platform. Today, it is time for our talented, intelligent, and vibrant ‘Tama’ita’i Samoa to once again shine on the global stage. As we continue our efforts to promote Samoa as a premier tourist destination, this pageant is yet another significant initiative driven by our dynamic private sector.

    The government of Samoa is fully committed to promoting the important role of women in our society. This commitment is not just words but is demonstrated through our policies and actions. We actively support women’s involvement at all levels, including in Parliament and high-level leadership roles. By doing so, we affirm our dedication to the principles of equality and inclusion. We believe in the invaluable contributions of women to the progress and development of our society, and this commitment is woven into the fabric of our national vision for the future. “Pathway to the development of Samoa.

    I would like to extend my sincere congratulations to Manaia Events for spearheading this effort. It takes vision, dedication, and courage to bring Samoa back onto the world stage, and your hard work and commitment are truly commendable. This is a testament to the power of partnerships between the private sector, local organizations, and national efforts to elevate Samoa’s presence globally.

    Special recognition goes to Ms. Haylani Pearl Kuruppu, our Miss Universe Samoa. Ms. Kuruppu has already made us proud on the international stage, having represented Samoa and the Pacific at the Miss Global Pageant in Cambodia in 2023. We all shared in the pride and excitement when Samoa was announced as one of the top two finalists. Millions around the world cheered for you then, and millions more will stand behind you as you step onto the Miss Universe stage. Your journey is not just one of personal achievement, but one that inspires hope and pride in the hearts of Samoans everywhere.

    As you prepare to compete in Mexico, remember that you carry with you not only the dreams of young Samoan women but also the rich cultural heritage of our nation. You embody the grace, strength, and resilience of our people. Through your presence on the Miss Universe stage, you are representing more than beauty; you are representing the values of courage, determination, and unity that define Samoa.

    Your dedication and service to Samoa have been commendable, and we pray for God’s continued protection and guidance as you undertake this momentous journey. We trust that you will inspire not only those in Samoa but also women around the world, showing them that no matter where they come from, their voices can be heard, their talents recognized, and their dreams realized.

    Once again, I extend my sincere thanks to Manaia Events, Vodafone Samoa, Fiji Airways, and everyone who has played a role in preparing our Miss Universe Samoa, Ms. Haylani Pearl Kuruppu, for her upcoming competition in Mexico City.

    God bless Haylanni and the Team Miss Universe Samoa.

    Fa’afetai tele lava. Thank you.

    Share this:

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MEDIA RELEASE – Samoa Police members visit Australia to boost capability ahead of CHOGM

    Source: Government of Western Samoa

    Share this:

    This is a joint media release between the AFP and Samoa Police, Prisons and Corrections Services (Samoa Police).

    (20th September 2024)- Officers from Samoa Police have undertaken specialist police tactical group training with the Australian Federal Police in Canberra last month, as Samoa continues to ramp up its operational readiness ahead of the 2024 Commonwealth Heads of Government Meeting (CHOGM) being held in the Pacific nation in October.

    The Samoa Police Tactical Operations Section (TOS) worked closely with members of the AFP’s Tactical Response Team (TRT) on specialist first response training to address operational risks ahead of CHOGM and to build capacity and capability.

    The training was delivered under the Samoa Australia Police Partnership (SAPP) which this year celebrates 15 years of partnership between the AFP and Samoa Police. Ten TOS officers participated in a range of training drills and scenarios focused on the tactical resolution of high-risk incidents ahead of the major Commonwealth event.

    The Samoan officers were provided with insights into the valuable role the AFP TRT plays in major events both in Australia and internationally, along with how the AFP strategically prepares and trains to ensure members deliver a safe and secure high-profile event.

    The most recent training opportunity between AFP and the Samoa Police is the latest in the nation’s preparations for CHOGM, with AFP working closely with Samoa over the past two years in preparation of the event. The tactical training complements the tactical communications training collaboration in April this year.

    CHOGM is the Commonwealth’s primary political meeting, which is held every two years and where leaders discuss global economic, environmental and security challenges and how to work together to overcome them.

    AFP Detective Superintendent Daniel Evans said the training provided by the AFP’s Tactical Response Team would support interoperability and capability of the Samoa Police ahead of CHOGM.

    “The valuable skills and insights members of Samoa’s Police’s Tactical Operations Section have gained while in Australia will ensure they are equipped and ready for any scenario ahead of CHOGM,” Detective Superintendent Evans said.

    “The AFP is committed to providing ongoing support to the Samoa Police and Samoa Government ahead of CHOGM by providing advice, funding and access to AFP capability and training.

    “We look forward to working alongside our Samoa Police colleagues to deliver a safe and successful event.”

    Samoa Police Commissioner Auapaau Logoitino Filipo said the training continued to enhance Samoa Police’s capability ahead of CHOGM.

    “This training also reflects the 15 years of partnership with the AFP that has grown and strengthened into what it is today,” Commissioner Filipo said.

    “The advancement in tactical policing ahead of CHOGM improves our ability to deliver the event but also safety and security to the people and communities of Samoa on a daily basis.”

    While in Canberra, TOS officers and AFP members visited the National Police Memorial where they laid a wreath in memory of Samoa Police Senior Sergeant Peniamina Perite who was killed in the line of duty last month.

    Media enquiries:

    AFP Media: (02) 5126 9297

    Connect with us:

    Follow our Facebook, Twitter, LinkedIn, Instagram and YouTube pages to learn more about what the AFP does to keep Australia safe.

    Share this:

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: PRESS RELEASE – SIGNING OF THE MEMORANDUM OF UNDERSTANDING BETWEEN THE MINISTRY OF NATURAL RESOURCES AND ENVIRONMENT & THE UNIVERSITY OF NEW CASTLE AUSTRALIA

    Source: Government of Western Samoa

    Share this:

    September 23, 2024, Tui Atua Tupua Tamasese Efi (TATTE) Building Level 3.

    The Ministry of Natural Resources and Environment (MNRE) and the University of New Castle Australia have signed a Memorandum of Understanding (MOU) to initiate their partnership in promoting scientific, socio-economic and educational international engagement including capability development and research activities on renewable energy for the benefit of both Samoa and Australia.

    The signing of this MOU open doors to a wide range of collaborative efforts. It will promote technical support, knowledge exchange, and capacity-building initiatives that are essential to the sustainable management of our natural resources. Specifically, the partnership will enhance our capacity to design, implement, and monitor joint research projects, with a focus on the development of policies, research design, and educational materials.

    The signing ceremony, held on September 23, 2024 marks a significant milestone in Samoa’s ongoing efforts to transition towards a renewable energy and reduce reliance on fossil fuels. As part of this MOU, both parties will work together to

    (i) establish scientific cooperation in areas of mutual exchange of scientific information including in the publications and policies, research design and the development of educational materials;

    (ii) the design, development and implementation of joint research, capability development and pilot projects and programmes;

    (iii) joint training of MNRE staff through joint Australian-Samoan management of Masters research and PhD programmes.

    “This MOU is more than a formal agreement; it is the beginning of an exciting journey. By combining our resources, expertise and passion, we will address critical environmental challenges, improves capacity in both countries and develop solutions that can make a real difference”, said Lealaisalanoa Frances Brown Reupena.

    Professor Zee Upton, Deputy Vice-Chancellor from the University of New Castle also highlighted the importance of the collaboration, “we are honored to partner with Samoa on this crucial mission to advance renewable energy research. Our joint efforts will contribute to addressing global energy challenges, particularly for small island nations that face disproportionate risks from climate change.”

    The Ministry acknowledges with much appreciation the University of Newcastle Australia and Professor Alan Broadfoot for his leadership and dedication to fostering this partnership.

    END.

    SOURCE – Ministry of Natural Resources and Environment Samoa

    Share this:

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Celebrating Mithun Da’s journey of hope, perseverance and pursuit of dream to reach the pinnacle of Indian Cinema

    Source: Government of India (2)

    Celebrating Mithun Da’s journey of hope, perseverance and pursuit of dream to reach the pinnacle of Indian Cinema

    Dadasaheb Phalke Lifetime Achievement Award for 2022 to be conferred on eminent actor Mithun Chakraborty

    Actors’s cinematic journey profoundly remarkable & inspiring; His dedication and hard work have made him a role model for aspiring actors and artists: Sh Ashwini Vaishnaw

    Legendary actor will inspire generations through his cinematic contributions and work in philanthropy & public service, leaving a lasting legacy of excellence and compassion

    Posted On: 30 SEP 2024 9:58AM by PIB Delhi

    Legendary actor Mr. Mithun Chakraborty will be honoured with the Dadasaheb Phalke Lifetime Achievement Award for the year 2022. Union Minister of Information and Broadcasting, Railways and Electronics & Information Technology, Shri Ashwini Vaishnaw announced the award today in recognition of his remarkable contributions to Indian cinema. The Minister conveyed immense joy and pride in honouring one of the most cherished and iconic figures in the film industry who is known for his versatile performances and charismatic screen presence.

    Remarkable journey of Mithun Da

    Mithun Chakraborty, also known as Mithun Da, is an iconic Indian actor, producer, and politician, recognized for his versatile roles and distinctive dancing style. He has taken on a diverse range of roles in his movies, showcasing action-packed characters to poignant dramatic performances.

    The Minister stated that Mithun Chakraborty’s journey from a young man with humble beginnings to a celebrated film icon, embodies the spirit of hope and perseverance, proving that with passion and dedication, one can achieve even the most ambitious dreams. His dedication and hard work have made him a role model for aspiring actors and artists.

    Born Gourang Chakraborty on June 16, 1950, in Kolkata, West Bengal, he earned the National Film Award for Best Actor in his very first film, “Mrigayaa” (1976). An alumnus of the prestigious Film and Television Institute of India (FTII),  Mithun Chakraborty honed his craft and laid the foundation for his illustrious career in cinema.

    His portrayal of a Santhal rebel in the Mrinal Sen’s film earned him the national accolade. Mithun gained significant popularity in the 1980s with his role in “Disco Dancer” (1982), a film that became a major success both in India and internationally, establishing him as a dancing sensation. He became a household name with his iconic role in Disco Dancer (1982), a film that not only showcased his exceptional dancing skills but also popularized disco music in Indian cinema. His performance in Agneepath also won him the Filmfare Award for Best Supporting Actor in 1990.

    Later, he won two more National Film Awards for his roles in Tahader Katha (1992) and Swami Vivekananda (1998). Over his extensive career, Mithun has acted in more than 350 films across various Indian languages, including Hindi, Bengali, Odia, Bhojpuri, and Telugu. He is known for his diverse performances, ranging from action to drama and comedy, and has won several awards, including three National Film Awards for Best Actor.

    Dual legacy of Mithun Da

    The Union Minister emphasized that Mithun Da is not only celebrated for his cinematic achievements but also for his dedication to social causes. He has been actively involved in various charitable initiatives aimed at education, healthcare, and supporting underprivileged communities, reflecting his commitment to giving back to society. He has also served as a Member of Parliament, demonstrating his commitment to public service and governance.

    In a career spanning nearly five decades, Mithun Chakraborty has received numerous awards and accolades throughout his career, recognizing his significant contributions to Indian cinema. He was recently conferred with the prestigious Padma Bhushan award also for his outstanding contributions to Indian cinema. With a filmography that includes classics such as “Disco Dancer,” and “Ghar Ek Mandir,” he has not only entertained millions but has also shaped the landscape of Bollywood and regional cinema. His influence extends beyond the silver screen, as he continues to inspire generations through his work in film and philanthropy.

    The award will be presented during the 70th National Film awards ceremony scheduled to be held on Tuesday, the 8th October 2024. The following members were part of the Dadasaheb Phalke Award Selection Committee:

    1. Ms. Asha Parekh
    2. Ms. Khushbu Sundar
    3. Mr. Vipul Amrutlal Shah

     

    The prestigious Dadasaheb Phalke Lifetime Achievement Award not only recognizes Mithun Chakraborty’s artistic prowess but also his enduring legacy as a compassionate and dedicated individual who has made a difference in the lives of many.

     

    *****

    Dharmendra Tewari/Kshitij Singha

    (Release ID: 2060183) Visitor Counter : 53

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCSD to hold jazz lecture series

    Source: Hong Kong Information Services

    The Leisure & Cultural Services Department will present a jazz music lecture and demonstration series on five consecutive Wednesdays starting from October 30. The series will feature members of the local emerging jazz group Fountain de Chopin as speakers and demonstrators.

    The lectures will be held on October 30, November 6, November 13, November 20 and November 27, and will cover the fundamentals, origins, evolution and distinctive characteristics of jazz music in an easy-to-understand manner.

    In the final lecture, the speakers will explain different types of jazz music and their features through improvisational performances.

    The lectures will be conducted in Cantonese and will start at 7.30pm in the Space Museum. Tickets are now available at URBTIX. Call 3166 1288 for telephone bookings.

    Click here for details.

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Yet again, ACT drives change in quarterly plan

    Source: ACT Party

    “ACT’s contribution to the Coalition Government’s fourth quarterly plan shows how we’re driving the real change Kiwis voted for,” says ACT Leader David Seymour.

    “The document is a clear demonstration of how ACT in Government makes New Zealanders’ lives better. We’re unleashing builders and growers by cutting red tape, empowering families with choice in education, delivering consequences for crime, and more.

    “For the fourth plan in a row, ACT voters have made a disproportionate impact – more than half of the plan’s action points reflect our contribution.

    “Every day in Government, we’re taking great ideas and turning them into action to secure a freer, more prosperous future for New Zealanders.”

    Of the 43 actions listed, 22 are led by ACT ministers, advance ACT coalition commitments, or reflect ACT policies. These actions include:

    • Pass the first Resource Management Amendment Bill to reduce the regulatory burden on farmers and the primary sector.
      – ACT coalition commitment
    • Introduce the government’s second RMA reform Bill to Parliament to cut red tape holding back growth in the infrastructure, energy, housing, and farming sectors.
      – ACT coalition commitment
    • Establish the National Infrastructure Agency.
      – ACT policy
    • Take Cabinet decisions on funding and financing tools to get more housing built.
      – ACT coalition commitment
    • Introduce legislation to make it easier to build offshore wind farms.
      – ACT policy
    • Take Cabinet decisions on allowing greater use of road tolling to support the delivery of transport infrastructure.
      – ACT coalition commitment
    • Finalise the development of farm-level emissions measurement methodology.
      – ACT coalition commitment
    • Pass legislation to complete the removal of agriculture from the Emissions Trading Scheme.
      – ACT coalition commitment
    • Take Cabinet decisions to streamline regulations around food safety export exemptions.
      – ACT Minister
    • Pass legislation to reverse the ban on oil and gas exploration.
      – ACT coalition commitment
    • Take Cabinet decisions on the form of the Regulatory Standards Bill.
      – ACT Minister & coalition commitment
    • Initiate a third regulatory sector review to identify and remove unnecessary red tape.
      – ACT Minister & coalition commitment
    • Pass legislation extending deadlines for earthquake prone buildings to enable a review of the current settings.
      – ACT policy
    • Pass legislation to allow lotteries for non-commercial purposes to operate online, cutting red tape to make fundraising more effective.
      – ACT Minister
    • Take final design decisions for an online casino gambling regulator.
      – ACT Minister
    • Introduce legislation to remove the GE ban and enable the safe use of gene technology in agriculture, health science and other sectors.
      – ACT coalition commitment
    • Introduce legislation to enable stronger consequences for serious youth offending.
      – ACT Minister
    • Publish the second action plan on family and sexual violence.
      – ACT Minister
    • Begin delivery of new cancer treatments.
      – ACT Minister (through Pharmac)
    • Commence a review of the funding formula for independent schools.
      – ACT coalition commitment & ACT Minister
    • Negotiate contracts with, and announce, the first charter schools.
      – ACT coalition commitment & ACT Minister
    • Introduce legislation to expand the Traffic Light System to include additional consequences for beneficiaries who do not meet their obligations.
      – ACT coalition commitment

    MIL OSI New Zealand News –

  • MIL-OSI Submissions: Australia – CBA cautions small business against “too good to be true” investment opportunities

    Source: Commonwealth Bank of Australia (CBA)

    With more than half of the money Aussie small businesses lose to scams going to fake investments, CBA Executive General Manager Rebecca Warren provides top tips on how to spot a fake investment opportunity.

    Nearly 90 per cent of all scams reported by CommBank’s business customers in FY24 came from small business, with more than half of their losses going to investment scams, according to new data released by CommBank.

    The data, which looks at the number and types of scams reported by CommBank small businesses in the last financial year shows investment scams, phishing, and business email compromise continue to be the most prevalent scams targeting Aussie small business.

    Investment scams offer fake money-making opportunities, often with the promise of unrealistically high or above-market returns and seemingly coming from legitimate sources.

    Business owners and leaders may be at higher risk of being targeted for investment scams because they’re more likely to have disposable funds to invest.

    CommBank Executive General Manager Small Business Banking Rebecca Warren said, while it is encouraging to see CBA customer scam loss decreasing overall, small businesses remain a prime target and the impact could be severe.

    “If a business owner or leader falls victim to an investment scam, it’s not just the business that could be compromised, but also the jobs of the people who work there”.

    “We can see through our data that small businesses lose around $30,000 on average to investment scams, which can have a devastating impact, both financially and emotionally. When they make an investment into what they think is a term deposit with a great interest rate, they tend to put in most of the money they have available, to maximise their returns.

    “We know running a small business is tough, and our priority is to help protect our customers from scams. Our focus is on early detection and prevention of scams through fraud prevention and monitoring activity, industry-leading features and education,” Ms Warren said.

    CommBank’s NameCheck feature prompts customers if the account details on a first-time payment don’t look right based on available payment information1. CallerCheck allows customers to verify whether a caller claiming to be from CommBank is legitimate, by triggering a security message in the CommBank app. CommBank may also use CustomerCheck to identify our customers in branch or over the phone by sending a message to the CommBank app.

    CBA has invested more than $800 million to help protect customers against fraud, scams, financial and cybercrime, but as Ms Warren points out, scams are least effective when people stop and check, and then reject.

    “While the Bank’s technology is designed to help detect and prevent fraudulent activities, it is crucial for customers to take proactive steps to protect themselves. It is imperative that they know what to look out for.”

    Ms Warren shares top tips for small business owners on protecting their business from scams.

    Know what to look out for

    Be suspicious of investment opportunities that sound too good to be true, because they probably are, according to Ms Warren. Scammers tend to contact prospective victims via phone, social media or sponsored ads.

    “Investment opportunities that offer high returns with little or no risk are likely fake and coming from a scammer. Be wary of any unsolicited online contact, including people reaching out via social media, sponsored ads or any opportunities endorsed by public figures and popular TV programs,” Ms Warren added.

    Scammers also use AI technology to impersonate well-known public figures who may appear to endorse a particular investment opportunity, and these may be used to give a false sense of legitimacy.

    Customers are advised to sense-check investment opportunities with friends and family before committing to anything, as they may help identify warning signs.

    “You can also research and check reviews by searching the investment name with the word ‘scam’ and consult ASIC’s list of companies you should not deal with by using the ASIC search portal,” Ms Warren said.

    Customers can also understand how to check if a company or a person is licensed on MoneySmart.

    Train and educate your staff

    Making sure business owners and their staff are on top of the latest scam and cyber threats is imperative.

    “When it comes to any scam, people are the first and very important line of defence, so it’s important to ensure you encourage staff to question and escalate payment requests,” Ms Warren said.

    It’s important that small business owners and staff have basic cyber hygiene such as strong passwords, multi-factor authentication and awareness of phishing scams.

    The Cyber Wardens program, which was created in partnership between CBA, Telstra and the Council of Small Business Organisations Australia (COSBOA), is specifically designed to help SMEs respond to the risks and support them to build an effective culture of cyber security.

    Put the right processes in place

    According to Ms Warren, processes play an important role in helping reduce the impact of scams.

    “You should check with the beneficiary the details of any large payments in person or by calling a verified number and especially if the beneficiary is requesting to amend their banking details. No single person should be responsible for making payments, so adopt strict separation of duties, using multiple authorities to make and approve payments but also to change beneficiary details,” she said.

    Businesses are also advised to restrict how much information they reveal about their suppliers and staff on public websites and social media.

    Take advantage of technology

    While scammers use increasingly sophisticated tactics to target unsuspecting small businesses, technology can also play an important role in preventing attacks.

    Leveraging technology does not have to be complex but it can be very effective in preventing scams and cyber-attacks, according to Ms Warren.

    “Promptly installing software updates, enabling software auto-updates and installing a reputable antivirus program can help reduce the impact of malicious software designed to tamper with online banking payments,” she added.

    1 For CommBiz transactions, NameCheck is currently available for payments to a first-time payee using direct credit, priority payment, fast payment and bulk payments for up to 50 payees only.

    MIL OSI – Submitted News –

  • MIL-OSI NGOs: MSF has and continues to treat more than two victims of sexual violence per hour in DRC

    Source: Médecins Sans Frontières –

    • New data reveals that MSF teams treated more than two victims and survivors of sexual violence every hour in Democratic Republic of Congo (DRC) during 2023.
    • The alarming numbers have continued, with teams having treated nearly 70 per cent of the numbers across all of 2023 in just the first five months of 2024.
    • MSF is calling on international and national stakeholders to invest in to address sexual violence.

    Amsterdam/Barcelona/Brussels/Geneva/Paris – In a new retrospective report, Médecins Sans Frontières (MSF) reveals that – together with the Ministry of Health – we had treated an unprecedented number of victims and survivors of sexual violence in Democratic Republic of Congo in 2023. This upward trend has continued in the first months of 2024. MSF is calling on all national and international stakeholders to take urgent action to better prevent this crisis and improve care for survivors.

    In 2023, MSF teams in Democratic Republic of Congo (DRC) helped treat 25,166 victims and survivors of sexual violence across the country. That’s more than two every hour.

    This figure is by far the highest number ever recorded by MSF in DRC. It is based on data from 17 projects set up by MSF, in support of the Ministry of Health, in five Congolese provinces – North Kivu, South Kivu, Ituri, Maniema and Central Kasai. In previous years (2020, 2021, 2022), our teams treated an average of 10,000 victims per year in the country. The year 2023 therefore marks a massive increase in admissions. 

    ‘We are calling for help’: Sexual violence in DRC pdf — 2.9 MB Download

    This trend accelerated in the first months of 2024. In North Kivu province alone, 17,363 victims and survivors were treated with MSF assistance between January and May. Not even halfway through the year, this already represented 69 per cent of the total number of victims treated in 2023 in the five provinces mentioned above.   

    Displaced women are the first victims

    Analysed and verified over several months, the 2023 data presented in the report, We are calling for help, show that 91 per cent of victims treated with MSF assistance in DRC were admitted in North Kivu province. Clashes between the M23 group, the Congolese army and their respective allies have been raging in the province since late 2021, forcing hundreds of thousands of people to flee.

    The vast majority of victims (17,829) were treated in displacement sites around Goma, North Kivu’s capital. The number of displacement sites continued to grow throughout 2023.  

    “According to the testimonies of patients, two-thirds of them were attacked at gunpoint,” says Christopher Mambula, head of MSF’s programmes in DRC. “These attacks took place on the sites themselves, but also in the surrounding area when women and girls – who accounted for 98 per cent of the victims treated by MSF in DRC in 2023 – went out to collect wood or water, or to work in the fields.”

    A view of a refugee camp in Goma, where thousands of people have been displaced due to ongoing fighting in North Kivu. 
    Marion Molinari/MSF

    While the massive presence of armed men in and around displacement sites explains this explosion in sexual violence, the inadequacy of the humanitarian response and the inhumane living conditions in these sites fuel the phenomenon. The lack of food, water and income-generating activities exacerbates the vulnerable situation of women and girls (1 in 10 victims treated by MSF in 2023 were minors), who are forced to go to neighbouring hills and fields where there are many armed men. The lack of sanitation and safe shelter for women and girls leaves them vulnerable to attack. Others are victims of sexual exploitation to support their families.

    “On paper, there seem to be many programmes to prevent and respond to the needs of victims of sexual violence,” says Christopher Mambula. “But on the ground in displacement sites, our teams struggle every day to refer victims who need help.”

    “The few programmes that do exist are always too short-lived and grossly under-resourced,” says Mambula. “Much more is needed to protect women and meet the urgent needs of victims.”

    Urgent calls for action

    Based on the needs expressed by the victims, and building on previous work to solve this long-standing problem in the country, the report lists some 20 urgent actions to be taken by the parties to the conflict, the Congolese authorities – national, provincial and local – as well as international donors and the humanitarian sector. For MSF, there are three main areas of urgent action.

    Firstly, we call on all parties to the conflict to ensure respect for international humanitarian law. In particular, we call for the absolute prohibition of acts of sexual violence, but also respect for the civilian nature of displacement sites. The protection of people caught up in the fighting must be a priority. The call to protect civilians from abuse is also addressed to those involved in humanitarian programmes.

    Second, MSF calls for the improvement of living conditions in sites for internally displaced people. Access must be improved to meet basic needs – food, water, income-generating activities – as well as improving safe and well-lit sanitation and shelter. These investments must also be accompanied by increased efforts to raise awareness of sexual violence. While humanitarian funding must be sufficiently flexible to respond to emerging and urgent needs, implementing partners must also demonstrate accountability in delivering interventions.

    A woman stands in front of the camps of Bulengo and Lushagala.
    MSF/Alexandre Marcou

    Finally, we call for specific investment in better medical, social, legal and psychological care for victims of sexual violence. This requires long-term funding to improve medical training, the supply of post-rape kits to care facilities, legal support, as well as the provision of shelters for survivors. Funding is also needed for awareness-raising activities to prevent stigmatisation or marginalisation of victims, which sometimes prevents them from seeking help. Given the high number of requests for abortion from victims, MSF is also calling for the adaptation of the national legal framework to guarantee access to comprehensive medical abortion care.

    Sexual violence is a major medical and humanitarian emergency in DRC. According to the latest Gender-Based Violence Area of Responsibility DRC informationhttps://reliefweb.int/report/democratic-republic-congo/republique-democratique-du-congo-bulletin-dinformation-du-gbv-aor-avril-juin-t2-2024-aout-2024, which compiles data from various humanitarian organisations offering gender-based violence care services in 12 provinces of DRC, 55,500 survivors of sexual violence received medical care in the second quarter of 2024.

    MIL OSI NGO –

  • MIL-OSI: Sp Mortgage Bank Plc: CEO of the Savings Banks Union Karri Alameri resigns

    Source: GlobeNewswire (MIL-OSI)

    Central Bank of Savings Banks Finland Plc  

    Stock Exchange Release  

    30th September 2024 at 8 am (CET +1)  

    The CEO of the Savings Banks Union, Karri Alameri, resigned from his position on 29th September 2024 and will pursue new challenges outside the Savings Banks Group. In the interim, the acting CEO will be chief strategy and development officer Kai Koskela. The recruitment process for a new CEO will begin immediately.  

    SP MORTGAGE BANK PLC  

    Additional information:  

    Kai Koskela, acting CEO, chief strategy and development officer 

    +358 40 549 0430  

    kai.koskela@saastopankki.fi 

    The MIL Network –

  • MIL-OSI: Central Bank of Savings Banks Finland Plc: CEO of the Savings Banks Union Karri Alameri resigns

    Source: GlobeNewswire (MIL-OSI)

    Central Bank of Savings Banks Finland Plc  

    Stock Exchange Release  

    30th September 2024 at 8 am (CET +1)  

    The CEO of the Savings Banks Union, Karri Alameri, resigned from his position on 29th September 2024 and will pursue new challenges outside the Savings Banks Group. In the interim, the acting CEO will be chief strategy and development officer Kai Koskela. The recruitment process for a new CEO will begin immediately. 

    CENTRAL BANK OF SAVINGS BANKS FINLAND PLC   

    Additional information:  

    Kai Koskela, acting CEO, chief strategy and development officer 

    +358 40 549 0430  

    kai.koskela@saastopankki.fi 

    The MIL Network –

  • MIL-OSI: Establishment of a subsidiary and construction of the ICONFIT production and warehouse on the property purchased from the RESTATE group

    Source: GlobeNewswire (MIL-OSI)

    On 27.09.2024 EfTEN Paemurru OÜ, a subsidiary of the EfTEN Real Estate Fund AS, signed a contract under law of obligation with Teearu Arenduse OÜ, a member of the RESTATE group, for the acquisition of a property located on Paemurru tee 3, Laabi village, Harju County, Harku Municipality, near Tallinn.   

    In cooperation with Eventus Ehitus OÜ, the fund will construct an ICONFIT production, trade and warehouse building on the property. Eventus Ehitus OÜ started construction in July 2024, and completion of the building is planned by the end of April 2025. The investment is financed from the fund’s equity and from the loan agreement to be signed with AS SEB Pank. Completion of the purchase transaction is planned by the end of this year at the latest. Total investment of the fund will be 5.9 million euros plus VAT. 
      
    The tenant of the property is ICONFIT (European Foods OÜ), the leading sports, diet and healthy food manufacturer in the Baltic States, who will after the completion of the building use the entire building under a long-term (10-year) lease. 
      
    EfTEN Paemurru OÜ is a 100% subsidiary of EfTEN Real Estate Fund AS. It is established in the Republic of Estonia with the share capital of 2,500 euros. Viljar Arakas and Tõnu Uustalu are members of the management board of the private limited company. The company does not have a supervisory board. The establishment of a subsidiary cannot be considered as the acquisition of a significant share within the meaning of the Tallinn Stock Exchange regulations. The members of the fund’s supervisory board and management board have no personal economic interest in the transaction in any other way. 
      
      
    Viljar Arakas 
    Member of the Management Board 
    Phone 655 9515 
    E-mail: viljar.arakas@eften.ee 

    The MIL Network –

  • MIL-OSI Australia: Operation Eclipse targets crime related to illicit tobacco trade

    Source: South Australia Police

    Police are conducting an operation to investigate serious criminal offending associated with illicit tobacco in South Australia.

    Operation Eclipse has been focussed for some time and is investigating offences including arson, assaults and money laundering linked to the illegal activity that was first identified by police in May.

    Detective Superintendent Shane Addison, Officer in Charge, Serious and Organised Crime Branch said police have been working proactively to identify the criminal networks involved in the trade of the illicit tobacco and working with other agencies to disrupt their criminal activities.

    “Operation Eclipse has established strong working relationships with Victoria Police and other law enforcement agencies and we are sharing intelligence,’’ he said.

    “We will not tolerate criminal behaviour that poses a risk to the community and have already made several arrests as part of the operation.’’
    Police have so far linked seven arson attacks in the metropolitan area to the illicit tobacco industry. They have involved vehicles, restaurants and tobacco retailers. Numerous other incidents including assaults and standovers, have also been identified.

    Serious and Organised Crime Branch detectives conducting Operation Eclipse have also identified another 15 persons of interest in the activity.

    Besides the two arrests made so far for money laundering and serious criminal trespass, detectives have seized thousands of dollars in cash.

    Operation Eclipse is working in partnership with CBS Tobacco Investigations, who are responsible for the regulation of tobacco in SA.

    The seven arson incidents include:

    • 19 July – car fire at Glenelg North
    • 30 August – restaurant fire at Henley Beach Road, Torrensville
    • 7 September – restaurant fire Main North Road, Enfield
    • 9 September – vehicle fire Walkley Heights
    • 11 September – vehicle fire Mawson Lakes
    • 14 September – business broken into and arson attack Port Road, Hindmarsh
    • 30 September – business at Henley Beach Road, Brooklyn Park

    MIL OSI News –

  • MIL-OSI New Zealand: Environment – Greenpeace says Freshwater protections up sh-t creek without a paddle under Luxon’s Government

    Source: Greenpeace

    Greenpeace Aotearoa is concerned that freshwater protections are ‘up sh-t creek without a paddle’ after the Government’s latest report back on the Resource Management (Freshwater and Other Matters) Amendment Bill.
    Greenpeace Aotearoa freshwater campaigner Will Appelbe says, “The health of fresh water has been in decline for decades, but by stripping away critical protections, the Luxon Government is completely ignoring that reality in favour of polluting industries.”
    Among the changes proposed in the Bill is the stripping of Te Mana O Te Wai and the hierarchy of obligations from resource consent applications, which prioritises the health of freshwater ecosystems and access to safe drinking water ahead of polluting industries like intensive dairy.
    “Regardless of whether the Government continues with this regressive Bill, our priority will still be stopping the pollution of fresh water and drinking water at source. That means fewer cows and less synthetic nitrogen fertiliser, especially in Canterbury,” says Appelbe.
    Greenpeace will be in Canterbury next month offering free drop-in drinking water testing events for nitrate contamination in Amberley and Oxford on the 18th and 20th of October.
    “In April, we found that three town supplies in North Canterbury were testing above 5 mg/L of nitrate – the level at which the NZ College of Midwives warns can increase the risk of pre-term birth for pregnant people who drink this water.
    “Prior Greenpeace testing has revealed that this is an experience shared by several other Canterbury towns. Yet despite these risks, Luxon’s Government still wants to dismantle the few freshwater protections we have. We’ll continue to test drinking water for nitrates, because we’ll continue to back those impacted communities, even if Luxon won’t.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Insurance Sector – ICNZ calls on RMA changes to stop building in dumb places

    Source: Insurance Council of NZ

    The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) is urging the Government to ensure that its proposed Resource Management Act (RMA) changes help protect local communities by avoiding building in dumb places.
    The Government has outlined plans to replace the RMA, with Phase 2 to introduce a package of national direction which councils must implement. The changes include the development of a National Direction for natural hazards and provide the ability to decline land use consents, or attach conditions, where there are significant risks from natural hazards.
    “We support enabling growth where natural hazard risk is well managed. However, if we allow development in high-risk locations, we risk putting people in harm’s way and ultimately worse outcomes for New Zealanders,” ICNZ chief executive Kris Faafoi said.
    “We know the country faces the prospect of more frequent and severe weather events. The impact of the extreme North Island weather events in early 2023 on lives, property and the economy were significant, with over $3.8 billion paid out in claims alone and billions more in damaged roads and other infrastructure networks.
    “The development of a National Direction will provide consistency in identifying and managing natural hazards and help ensure we build in the right places. This is turn will strengthen the country’s economic and community resilience and provide certainty to homeowners and businesses that insurance will be there when they need it.
    “New Zealand is particularly vulnerable to natural hazards risks. The Climate Change Commission’s reported around 750,000 people and 461,000 buildings are at risk of coastal inundation or inland flooding, involving many billions of dollars in assets.
    “New Zealand needs to take a long-term perspective that fosters the broad availability of insurance. This entails prudent land-use planning that avoids new developments in high-risk areas susceptible to natural hazards.
    “Where the risk becomes too high, insurance may not be affordable or available which has an impact on property values and the housing market and puts pressure on the government to invest in protection or compensate owners.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Transport Sector – Transporting New Zealand opposes tolling on Manawatū Tararua Highway

    Source: Ia Ara Aotearoa Transporting New Zealand

    National road freight association Ia Ara Aotearoa Transporting New Zealand has opposed NZ Transport Agency Waka Kotahi’s plan to toll the 11.5km Manawatū Tararua Highway, saying the proposal doesn’t stack up and comes far too late in the project.
    Te Ahu a Turanga – Manawatū Tararua Highway is a new road being built over the Ruahine Range, providing a safe and resilient route between Woodville and Ashhurst after a major slip in April 2017 made SH3 through the Manawatū Gorge impassable. It is due to open in 2025.
    NZTA is consulting on a proposal to toll the route, with light vehicles paying $4.30 and heavy vehicles $8.60.
    Transporting New Zealand Interim Chief Executive Dom Kalasih says that the road freight body is supportive of tolling appropriate routes to relieve pressure on the National Land Transport Fund, but the Manawatū Tararua Highway isn’t a suitable project.
    “Tolling the road is going to divert over 3,000 vehicles per day, including a significant number of trucks, over the existing Saddle Road route. Saddle Road is unsafe and not fit for purpose. The relatively low numbers of expected users (10,902) are also only narrowly within NZTA’s 10,000 vehicle per day tolling test, and we’ve seen local push-back over that modelling.
    “This is in the context of the proposed toll covering about 28 percent of construction costs over 35 years. Road freight companies using the route will have no choice but to pass that cost onto their freight customers, with the toll ultimately being paid by consumers.”
    “The road is also due to open next year, so getting buy-in from the affected communities at such a late stage is proving incredibly difficult. Particularly after all they’ve gone through following the major slip in 2017.”
    “We accept that NZTA are in a tough spot here – they’re responding to a clear expectation from the Government to consider tolling on all new roads. However, we don’t want to see the benefits of a safer, more efficient, resilient piece of modern roading undermined. This road isn’t a nice-to-have, it’s an essential regional link.”
    Kalasih says that Transporting New Zealand is still supportive of tolling on appropriate projects, and was awaiting further information and meetings with NZTA on the Ōtaki to north of Levin Highway and Takitimu North Link before finalising their position on those proposals. 
    About Ia Ara Aotearoa Transporting New Zealand 
    Ia Ara Aotearoa Transporting New Zealand is a national membership association representing the road freight transport industry. Their members operate urban, rural and inter- regional commercial freight transport services throughout the country.
     Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4,700 businesses, with an annual turnover of $6 billion.

    MIL OSI New Zealand News –