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  • MIL-OSI USA: 2024-41 ATTORNEY GENERAL LOPEZ APPLAUDS HAWAIʻI SUPREME COURT DECISION UPHOLDING PROHIBITION OF SHORT-TERM VACATION RENTALS ON AGRICULTURAL LANDS

    Source: US State of Hawaii

    2024-41 ATTORNEY GENERAL LOPEZ APPLAUDS HAWAIʻI SUPREME COURT DECISION UPHOLDING PROHIBITION OF SHORT-TERM VACATION RENTALS ON AGRICULTURAL LANDS

    Posted on Sep 25, 2024 in Latest Department News, Newsroom

    DEPARTMENT OF THE ATTORNEY GENERAL

    KA ʻOIHANA O KA LOIO KUHINA

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

    ANNE LOPEZ

    ATTORNEY GENERAL

    LOIO KUHINA

    News Release 2024-41

     

    ATTORNEY GENERAL LOPEZ APPLAUDS HAWAIʻI SUPREME COURT DECISION UPHOLDING PROHIBITION OF SHORT-TERM VACATION RENTALS ON AGRICULTURAL LANDS

     

    FOR IMMEDIATE RELEASE

    September 25, 2024

     

    HONOLULU – Attorney General Anne Lopez applauds the Hawaiʻi Supreme Court’s unanimous decision of Rosehill v. State of Hawaiʻi, Land Use Commission, where the court held that farm dwellings in the agricultural district cannot be used as short-term vacation rentals under Hawaiʻi law. In making its decision, the Hawaiʻi Supreme Court further held that courts must generally defer to agencies when interpreting ambiguous laws, expressly disagreeing with a controversial 2024 U.S. Supreme Court case that overruled the 40-year-old case of Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc.

     

    The County of Hawaiʻi has an ordinance that generally prohibits short-term vacation rentals in the agricultural district. In 2020, both the County of Hawaiʻi and certain owners of land in the agricultural district of the County of Hawaiʻi petitioned the state Land Use Commission (LUC) for declaratory orders regarding the legality of this prohibition under state law. The LUC held that a short-term vacation rental is not a permitted use of a farm dwelling in the agricultural district.

     

    On appeal, the Hawaiʻi Supreme Court agreed with the LUC, holding that a farm dwelling may not be used as short-term vacation rentals because “short-term vacation rentals undermine” agricultural purposes.

     

    In making this decision, the Hawaiʻi Supreme Court expressly deferred to the LUC’s interpretation of ambiguous Hawaiʻi law, stating: “In Hawaiʻi, we defer to those agencies with the naʻauao (knowledge/wisdom) on particular subject matters to get complex issues right.” In making this decision, the court expressly disagreed with the reasoning of the U.S. Supreme Court’s 2024 decision of Loper Bright Enterprises v. Raimondo, which overruled longstanding principles of federal judicial deference to agency interpretation of statutes.

     

    State leaders praised the Hawaiʻi Supreme Court’s decision.

     

    “Using agricultural lands for genuine agricultural purposes and ensuring that housing is allocated for our residents are two of the most crucial issues facing our state today,” said Governor Josh Green, M.D. “I commend that Hawaiʻi Supreme Court for making the right decision for the people of Hawaiʻi.”

     

    “Today’s decision makes clear that deference to administrative agencies is a principle with continued vitality in Hawaiʻi,” said Attorney General Lopez. “This decision reaffirms the importance of agency expertise under Hawaiʻi law.”

     

    “This was a win for preserving agricultural lands in Hawaiʻi. Short-term vacation rentals are transient accommodations effectively for vacation or tourist use and do not belong in the agricultural district. That was the LUC’s finding when a dozen Hawaiʻi island landowners applied to rent out their farm dwellings as short-term vacation rentals,” said Special Deputy Attorney General Doug Chin, a former Attorney General of Hawaiʻi and current partner at Starn O’Toole Marcus & Fisher who argued the case before the Hawaiʻi Supreme Court. “The Hawaiʻi Supreme Court unanimously upheld the LUC’s thoughtful and well-reasoned decision.”

     

    ###

     

    Media Contacts:

    Dave Day

    Special Assistant to the Attorney General

    Office: 808-586-1284                                                  

    Email: [email protected]        

    Web: http://ag.hawaii.gov

     

    Toni Schwartz
    Public Information Officer
    Hawai‘i Department of the Attorney General
    Office: 808-586-1252
    Cell: 808-379-9249
    Email:
    [email protected] 

    Web: http://ag.hawaii.gov

    MIL OSI USA News

  • MIL-OSI USA: DLNR News Release – ADAPTIVE MANAGEMENT MEASURES FOR HUNTING ON HAWAIʻI ISLAND, Sept. 25, 2024

    Source: US State of Hawaii

    DLNR News Release – ADAPTIVE MANAGEMENT MEASURES FOR HUNTING ON HAWAIʻI ISLAND, Sept. 25, 2024

    Posted on Sep 25, 2024 in Latest Department News, Newsroom

     

    DEPARTMENT OF LAND AND NATURAL RESOURCES

     

    JOSH GREEN, M.D.
    GOVERNOR

     

    DAWN CHANG
    CHAIRPERSON

     

     

    FOR IMMEDIATE RELEASE

    September 25, 2024

     

    ADAPTIVE MANAGEMENT MEASURES IN EFFECT FOR HUNTING ON

    HAWAIʻI ISLAND

      

    (HILO, HAWAIʻI) – A temporary rule change will go into effect this Saturday, Sept. 27, 2024 for hunting at Puʻu Waʻawaʻa Forest Reserve (Unit F) and Puʻu Anahulu Game Management Area (Unit E) on Hawaiʻi Island. The rule change coincides with the opening of the hunting season for muzzleloaders and shotguns (with slug) and pertains to the makai areas of these hunting units.

    The temporary rules were approved by the Board of Land and Natural Resources in March 2024. Per the new rules, the daily bag limits for goats will be three, with no requirement for tags. Open hunting days will be Fridays, Saturdays, Sundays and Mondays throughout the season. Vehicular access to the two hunting areas may change each week, according to management actions in the area.

    Details on updated seasons and bag limits can be found in the Adaptive Rules Management summary on the DLNR Division of Forestry and Wildlife (DOFAW) website.

     

    For more information, contact DOFAW’s Hilo office at: 808-974-4221.

     

    # # #

     

    RESOURCES 

    (All images/video courtesy: DLNR) 

     

    HD Video – Puʻuwaʻawaʻa Forest Reserve (Dec. 2021):

    [embedded content]

     

    Photographs – Puʻu Anahulu aerials (March 2016):

    https://www.dropbox.com/scl/fo/zrvmbefvqsk3gyjz6l83c/ALthM0XKozQ1buq1XC4iPx0?rlkey=apj4wnwdeh2r8eu6p7db11zcu&st=hqmaa75o&dl=0

     

     

    Media Contact: 

    Ryan Aguilar

    Communications Specialist

    Hawaiʻi Dept. of Land and Natural Resources

    808-587-0396

    [email protected]

    MIL OSI USA News

  • MIL-OSI USA: DCR News Release – Dedication ceremony for the Women’s Community Correctional Center Expansion Project

    Source: US State of Hawaii

    DCR News Release – Dedication ceremony for the Women’s Community Correctional Center Expansion Project

    Posted on Sep 25, 2024 in Latest Department News, Newsroom

    DEPARTMENT OF CORRECTIONS AND REHABILITATION

    KA ‘OIHANA HOʻOMALU KALAIMA A HOʻOPONOPONO OLA

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

     

    TOMMY JOHNSON

    DIRECTOR

    KA LUNA HO‘OKELE

     

     

     

    FOR IMMEDIATE RELEASE

    Sept. 25, 2024

     

    Dedication ceremony for the Women’s Community Correctional Center Expansion Project

     

    HONOLULU — Dozens of guests attended a dedication ceremony at the Women’s Community Correctional Center (WCCC) Wednesday, Sept. 25, 2024, to commemorate the facility’s expansion project.

     

    The $63 million project that broke ground in July 2021, comprises three new buildings —Administration, Housing and Intake/Visitation — and is the Department of Corrections and Rehabilitation’s (DCR) largest capital improvement project to date.

     

    WCCC also hosted the ceremony to celebrate the newly renovated Ho‘okipa Cottage, a $6 million project that include a new multi-purpose building and a renovated structure with a bed capacity of 58 beds for work furlough inmates.

     

    All three new structures and Hoʻokipa are slated to be operational by the end of the year.

     

    Distinguished guests that attended the event include Lt. Gov. Sylvia Luke, Department of Corrections and Rehabilitation (DCR) Director Tommy Johnson, Deputy Director Pamela Sturz of the Correctional Institutions Division, Deputy Director Sanna Muñoz of the Rehabilitation Services and Programs Division and Deputy Director Melanie Martin of the Administration Division.

     

    Wardens, administrators, lawmakers, stakeholders, community organizations and more also attended.

     

    Contractors, architects and consultants involved in the expansion project were recognized for their dedication and hard work.

     

    Lt. Gov. Luke, ceremony guest speaker and staunch supporter of criminal justice reform for female inmates, said, “It takes a commitment from the individuals here and it also takes a commitment from the outside community, the community as a whole, to support these women who have gone through many troubles in their lives.”

     

    DCR Director Tommy Johnson, who also addressed attendees at the ceremony, said the changes to WCCC represent “our sincere efforts to provide a positive rehabilitative environment, hope and return dignity to the women housed here while simultaneously improving the working conditions of our staff.”

     

    Johnson also thanked the Women’s Prison Project and many community groups for their unwavering support to better the lives of inmates and prepare them for reentry into the community.

     

    Kahu Pohālelo Loko‘olu Quintero and ‘Ihilani Chu of the Hawaiian Church of Hawaiʻi Nei and Chaplain Tammy Turcios conducted the blessing. Seven inmates of the facility’s hula halau, Halau Hulu Kamaluokukui, also performed.

     

    Providing space for programs and easing overcrowding at the Oʻahu Community Correctional Center (OCCC) were among DCR’s goals for this expansion project. WCCC, the only correctional facility for women in Hawaiʻi, will serve as a hybrid prison and jail facility for female inmates on Oʻahu.

     

    The prison population will be in the new Housing building which has a 176-bed capacity — 64 in each of the two dorm units and 48 in the restrictive housing unit. Pre-trial detainees, sentenced misdemeanants, sentenced felons, sentenced felony probationers and parole violators will be housed at other existing buildings at WCCC.

     

    WCCC Warden Ione “Noni” Guillonta said, “Our aim is not merely to house individuals but to offer them an opportunity for transformation. The facility will be a place where the focus extends beyond punishment to encompass education vocational training, mental health support and reentry preparation.”

     

    “We are dedicated to addressing the unique needs of women who face different challenges and required tailored support to rebuild their lives and reintegrate into society successfully,” Guillonta added.

     

    The ceremony itself served as training for seven inmates who have been training with staff from ‘Ōlelo Community Media and given the opportunity to film and conduct interviews at the event under the guidance of ‘Ōlelo.

     

    WCCC is preparing to transfer approximately 120 female inmates from the Oʻahu Community Correctional Center (OCCC) in Kalihi to the women’s facility in Kailua. The transfer is expected to take up to eight weeks to complete with approximately 10 to 15 inmates to be transferred at a time. The current population at WCCC is nearly 200 as of Sept. 16, 2024.

     

    The newly renovated Ho‘okipa Cottage and construction of an adjacent multi-purpose building will provide a new living environment that will emphasize rehabilitation and provide life skills for a successful transition into the community. Work furlough inmates eligible to be released within one to two years will be housed at Hoʻokipa.

     

    A fact sheet on the WCCC expansion project is attached. Ceremony photos are also available at the following link: https://drive.google.com/drive/folders/1R7wqRNMByyAAfKbjmT8i-v9k7rhWPFb1?usp=sharing.

     

     

    ###

     

     

    Media Contact:

    Rosemarie Bernardo

    Public Information Officer

    Hawai‘i Department of Corrections and Rehabilitation

    Office: 808-587-1358

    Cell: 808-683-5507

    Email: [email protected]

    Website: https://dcr.hawaii.gov

    MIL OSI USA News

  • MIL-OSI USA: 2024-42 AG NEWS RELEASE – STATE OF HAWAIʻI FILES LEGAL ACTION AGAINST NORTH SHORE HOMEOWNER AFTER PART OF HOME COLLAPSES INTO THE OCEAN

    Source: US State of Hawaii

    2024-42 AG NEWS RELEASE – STATE OF HAWAIʻI FILES LEGAL ACTION AGAINST NORTH SHORE HOMEOWNER AFTER PART OF HOME COLLAPSES INTO THE OCEAN

    Posted on Sep 25, 2024 in Latest Department News, Newsroom

    DEPARTMENT OF THE ATTORNEY GENERAL

    KA ʻOIHANA O KA LOIO KUHINA

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

    ANNE LOPEZ

    ATTORNEY GENERAL

    LOIO KUHINA

    News Release 2024-42

    STATE OF HAWAIʻI FILES LEGAL ACTION AGAINST NORTH SHORE HOMEOWNER AFTER PART OF HOME COLLAPSES INTO THE OCEAN

    FOR IMMEDIATE RELEASE

    September 25, 2024

     

    HONOLULU The state of Hawaiʻi filed a complaint for declaratory and injunctive relief in the Circuit Court of the First Circuit on O‘ahu and is pursuing a temporary restraining order against a North Shore property owner after part of a beachfront home collapsed onto state land and into the ocean.

     

    According to the complaint, on or about September 24, 2024, the Department of Land and Natural Resources’ (DLNR) Office of Conservation and Coastal Lands (OCCL) received reports that a dwelling located in Hale‘iwa was being destroyed by the ocean swell and solid material fell from the property onto the state land. DLNR’s Division of Conservation and Resource Enforcement officers responded and observed large parts of the structure on state land, as well as debris washing into the ocean.

    The DLNR has jurisdiction over land makai of the shoreline. The subject property is located in the state conservation district. The state owns the land up to the highest wash of the waves.

     

    The complaint details the state’s request for injunctive relief to have all unauthorized solid materials including unauthorized erosion control devices and debris removed from the state land. It also requests an order from the Court that provides the state owns the land clear of interest or claim by the defendant and requests a permanent injunction preventing the defendant from allowing any structures, solid materials, or debris of any kind on state property. The complaint also asks that the Court award damages to the state for repairing the natural resources affected by the defendants’ illegal actions.

     

    “The state has a duty to protect the environment, prevent further degradation of state conservation land, and ensure shoreline and beach preservation for future generations,” said Attorney General Anne Lopez.

     

    “Private landowners take a risk when they allow structures to be so close to the shoreline,” said Deputy Attorney General Danica Swenson, who is the lead attorney for the state on the case. “The people of Hawai‘i are now confronted with the consequences of property owners’ failures to take heed of the ocean’s warning signs of erosion.”

     

    DLNR’s OCCL Administrator Michael Cain says, “The Office of Conservation and Coastal Lands is coordinating with the City and County Department of Parks and Recreation to remove the debris from the shoreline.”

     

    A copy of Complaint for Declaratory and Injunctive Relief can be found here.

     

    ###

     

    Media Contacts:

    Dave Day

    Special Assistant to the Attorney General

    Office: 808-586-1284                                                  

    Email: [email protected]        

    Web: http://ag.hawaii.gov

     

    Toni Schwartz
    Public Information Officer
    Hawai‘i Department of the Attorney General
    Office:
    808-586-1252
    Cell:
    808-379-9249
    Email: [email protected] 

    Web: http://ag.hawaii.gov

    MIL OSI USA News

  • MIL-OSI USA: DLNR News Release – KAULUNANI PARTNERS CELEBRATE COMMUNITY FORESTRY, Sept. 24, 2024

    Source: US State of Hawaii

    DLNR News Release – KAULUNANI PARTNERS CELEBRATE COMMUNITY FORESTRY, Sept. 24, 2024

    Posted on Sep 25, 2024 in Latest Department News, Newsroom

     

    DEPARTMENT OF LAND AND NATURAL RESOURCES

     

     

    JOSH GREEN, M.D.
    GOVERNOR

    DAWN CHANG
    CHAIRPERSON

    NEWS RELEASE

    FOR IMMEDIATE RELEASE

    Sept. 24, 2024

    KAULUNANI PARTNERS GATHER TO CELEBRATE COMMUNITY FORESTRY

     

    (HONOLULU) – Community forestry efforts brought the DLNR Division of Forestry and Wildlife (DOFAW) Kaulunani program together with partnering educators, nonprofits, agency representatives, cultural practitioners and students at the UH West Oʻahu campus for an empowering, role-celebrating event.

     

    The September 20 occasion started with gentle and cooling nāulu rains and an ānuenue (rainbow) that arched over the space just as people were arriving, setting the stage for a special time. The multi-generational group representing multifaceted programs across the state were in attendance to strengthen each other’s roles in this space, learn from each other, deepen their relationship to ‘āina, and have fun. Participants shared their passion for trees, communities and the environment through art, culture, sustainable practices, and lessons learned in their work. 

     

    “Today is about celebrating our partners and the amazing work that they’re doing around growing trees, growing canopy, but also growing the wellbeing of our communities together,” said Heather McMillen, Kaulunani’s program coordinator. 

     

    Topics covered at the event included project purpose and evaluation, nurturing partnerships, ritualizing tree planting and care and preventing the spread of invasive species. Artists and cultural practitioners included Nalu Andrade, Emma Broderick and Jesse Mikasobe-Kealiinohomoku, who shared their skills with bamboo stamping (ʻOhe kāpala), weaving (Ulana), and coconut shell cup (ʻApu) making. 

     

    “This gathering of many different folks with plenty mana (power) and responsibility is really special,” said Mikasobe-Kealiinohomoku. He explained that this ʻaha (meeting) is not a conference but more a place to come together and be present. “It’s a time to be vulnerable, a time to share your work. It’s a time to also learn and listen.” 

     

    Kaulunani’s purpose is to support community collaboration in efforts to establish, manage and protect trees, forests and green spaces across Hawaiʻi. This event was an example of how it’s about much more. McMillen added, “This work is not only about trees. We think about trees as an entry point, not an end point. It’s an entry point to be able to engage aroundissues of community well-being, education, transportation, health and culture.” 

    # # #

     

    RESOURCES

    HD Video – Kaulunani Celebration – media clips (Sept. 20, 2024):

    https://vimeo.com/1011514371

    Photographs – Kaulunani Celebration (Sept. 20, 2024):

    https://www.dropbox.com/scl/fo/i40tii8a18suq688p9gyw/ACEOJlvIfADtlJbDLQzJoQM?rlkey=sco2eyxd20x724q9ndc6noxr2&st=831b9hl4&dl=0

    Kaulunani website:

    https://dlnr.hawaii.gov/forestry/lap/kaulunani/

     

     

    Media Contacts:

    Ryan Aguilar

    Communications Specialist

    Hawai‘i Dept. of Land and Natural Resources

    [email protected]

    808-587-0396

    MIL OSI USA News

  • MIL-OSI USA: The United States and Partners Mobilize $517 Million to Support Democratic Openings Around the World

    Source: USAID

    Today, USAID Administrator Samantha Power, in partnership with the Ford Foundation, convened bilateral partners, democratic reformist government leaders, philanthropic partners, and civil society to collectively announce over $517 million to support countries experiencing democratic openings globally.

    On the sidelines of the United Nations General Assembly, the U.S. government deepened its commitment to supporting democratic “bright spots” by working with Congress to announce over $73 million towards USAID’s Democracy Delivers Initiative. Administrator Power also announced that Guatemala will join the Initiative, following Fiji’s entry in June, as both countries experience historic windows of democratic opportunity. With this announcement, the Democracy Delivers Initiative now supports Armenia, Dominican Republic, Ecuador, Fiji, Guatemala, Malawi, Maldives, Moldova, Nepal, Tanzania, and Zambia. Leaders from these countries joined the event to highlight their countries’ democratic progress and to welcome new investments and collaborations furthering democratic resilience.

    As part of the U.S. commitment, the U.S. International Development Finance Corporation (DFC) announced over $348 million in newly committed transactions in Moldova, Tanzania, and Zambia, bringing their total investment to over $2.38 billion for projects in Democracy Delivers countries since 2022. The Inter-American Foundation also announced $3.3 million in new investments in the Dominican Republic, Ecuador, and Guatemala.

    Administrator Power announced that like-minded partners – including Australia, Canada, Denmark, Estonia, Finland, Germany, Ireland, New Zealand, Norway, Spain, Sweden, Switzerland, and the United Kingdom – jointly committed to supporting democratic openings throughout their development and diplomatic agendas and to bolstering information resilience. 

    Expanding the Democracy Delivers Commitment to Action launched at UNGA in 2023, philanthropic partners announced new commitments totaling up to $92.4 million to support Democracy Delivers countries and objectives. As an anchor partner and host for the 2024 event, Ford Foundation announced $8 million to support democratic opportunity, including in Guatemala. The following foundations also made commitments: The Rockefeller Foundation, Chandler Foundation, Focus Central America, Hilton Foundation, Luis von Ahn Foundation, Rockefeller Brothers Fund, Skoll Foundation, Tinker Foundation, Vodafone Foundation, and WINGS.

    Secretary of State Antony Blinken and Administrator Power launched the Democracy Delivers Initiative in 2022 to bring together a multi-stakeholder coalition of partners and surge resources to countries undergoing moments of democratic renewal to help deliver tangible, lasting progress for citizens. By prioritizing responsiveness to citizen needs and enhancing transparency and accountability, these commitments will strengthen government reform efforts and facilitate improvements to public services. 

    Continuing the momentum of the Summit for Democracy process and building upon previous Democracy Delivers events, the gathering underscored the United States’ continued commitment to convening the world’s democracies in order to galvanize sustained collective action and ensure that democracy delivers opportunity and dignity for all.

    We encourage all organizations to join us.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Samantha Power at the Democracy Delivers Event

    Source: USAID

    ADMINISTRATOR SAMANTHA POWER: Thank you. It is wonderful to be here with so many friends and co-conspirators and people who stand for dignity and democracy every day. I feel incredibly privileged, honestly, to be a part of this initiative. 

    I could have no better partner in Darren Walker, our incomparable anchor partner in the Democracy Delivers Initiative – the co-host for the second year in a row. Some of you know that Darren will be departing from his leadership role at Ford [Foundation]. None of us can imagine the thought of him not performing this role. He is such a giant in supporting civil society, in supporting human dignity, individual dignity around the world. But, we were thrilled, Darren, to think of what you will do next and the difference you will make in whatever walk of life you pursue. You are a walking catalyst for change, and we feel incredibly grateful to you and to the Ford Foundation for all that you do everyday. So, thank you. 

    Thanks to everybody here who’s joining, as well as all of those online. This is a club that we wish more people wanted to be a member of – a gathering of nations who are pursuing really tough political reforms and who are doing so in the face of even tougher economic headwinds often.

    Two years ago, we first brought this group together amidst a wave of very familiar pessimism, talk of authoritarians emboldened, and democracies under attack. And, honestly, in looking back, too often this pessimism over recent years has overshadowed the bright spots of democratic progress springing up in many places around the world. And, they will always spring up because citizens will never relent when their dignity is denied and when they lack agency over their futures. So, we have seen it: citizens standing up, demanding change, and electing leaders who they were trusting to deliver on that promise. 

    Of course, if we did not focus on these movements – as I think traditionally, we really had not sufficiently – we weren’t focusing on them as movements and as reform engines. Then, it was also very unlikely we were going to focus our support on them in an intentional way. And, that, as we have seen, is a critical mistake. Because often democratic reformers come into office facing really, really significant challenges: entrenched corruption, weak institutions, often debt burdens that prevent them from making the investments that their people need and that their people expect. For reformers to have a fighting chance of delivering on the change that their people demand, they need allies. And, that is fundamentally what this network is about. 

    So, Secretary [Antony] Blinken and I, on behalf of President [Joe] Biden, launched the Democracy Delivers Initiative to help provide the support these reformers need. Secretary Blinken today, unfortunately, just got pulled into an urgent obligation with President Biden and is sorry to be missing us today. But, he – and we – take note of the fact that since 2022, in the short time this Democracy Delivers Initiative has been underway, USAID alone has increased our funding for the original cohort of nine Democracy Delivers countries by over $300 million. That is an increase of over 38 percent.

    At the same time, we knew all along that the true power of this initiative would be bringing others on board to surge support to these democratic bright spots as well. Because the beauty of democratic progress is that it creates opportunity for all. So, at this event, back in 2022, we rallied companies to invest in countries experiencing democratic openings, knowing that improvements in the rule of law, increased transparency, and unleashed innovation make democracies ideal places for private investment.  

    At this event, then a year later and a year ago, in 2023, we rallied philanthropies, many represented here today, to focus their giving, their investments in these places as well, knowing that democratic openings create opportunities to drive change that endures – in partnership with leaders who are not standing in the way of progress they see as somehow threatening, but instead championing and seeking to scale good ideas. 

    This year, the third of these meetings, we are pleased to be joined by other bilateral government partners who, like us, see the opportunity that democratic openings create and are committed to supporting them in their own foreign policy and in their own assistance. I am pleased to announce that today we are releasing a joint statement endorsed by 12 countries so far: Australia, Estonia, Canada, Denmark, Germany, Ireland, Finland, New Zealand, Sweden, Switzerland, Spain, and the United Kingdom. Most of these partners are here with us today, committing all of us in this statement to elevating attention to democratic renewal around the world, and committing to look at the ways in which they can increase support across sectors as we work together to make these openings not just moments but movements. 

    This approach is particularly important now as we continue to see new, promising democratic bright spots emerge. 

    And so, just this past June, we welcomed Fiji to the Democracy Delivers Initiative, following on the heels of the first peaceful transfer of power in Fiji’s history which occurred nearly two years ago. And, today, I’m thrilled as well now to announce that Guatemala will be the newest country joining the cohort. 

    Earlier this year, I traveled to Guatemala for the inauguration of President [Bernardo] Arévalo who’s joining us here today. The anti-democratic forces who had been working for months to prevent the president-elect from taking power tried every procedural maneuver that they could to deny the will of the Guatemalan people, delaying the inauguration for nearly ten hours – was it ten hours? But who was counting? And casting into doubt – genuinely casting into doubt – the peaceful transfer of power. But, the people of Guatemala insisted that their will be respected, and they prevailed. After midnight, technically, the day after the inauguration was supposed to occur, President Arévalo finally took the oath of office to an electric crowd chanting, “sí se pudo” – yes, we did.

    Now, as president Arévalo attempts to overcome those same undemocratic forces to deliver on the change that he promised, many of our partners are already surging support. Just to name a few – and you’ll get to hear from others later on – the Inter-American Foundation is helping Guatemala invest in providing the economic opportunities and security that citizens need to build their futures at home. The Tinker Foundation is investing in Guatemala’s education system. The Rockefeller Brothers Fund and Focus Central America are each investing in Guatemalan civil society organizations advancing democracy and justice. 

    Today, we are going to hear from President Arévalo and other leaders who are taking on extraordinary odds to deliver change for their people. And, we are going to hear commitments that partners around the world are making to support this progress. We have many partners with us. So, to make sure we stay on time and can hear from everyone, our timekeeper, Jacob, will help us stay on track – including helping me stay on track. 

    And, to kick us off, I am pleased to announce that USAID will commit an additional $73 million to support democratic development in Democracy Delivers partner countries. This is on top of our programming that we are doing across sectors that many of you are familiar with. But, this new funding is going to support priorities like energy security in Armenia; job growth in Guatemala and Tanzania; public service delivery in Ecuador, Malawi, and Zambia; and democratic governance and anti-corruption efforts in the Dominican Republic, the Maldives, Moldova, and Nepal. And, in recent months, we’ve announced nearly $6 million to support inclusive democratic systems, sustainable local food production, and climate adaptation in Fiji.

    And now, I would like to introduce the President of Fiji, President [Wiliame] Katonivere. Last year, I had the chance, sir, to visit Fiji and to officially establish USAID’s Mission there on the ground. Next week, USAID Deputy Administrator Isabel Coleman, will be leading an interagency delegation to Fiji and other Pacific Islands to continue strengthening our collaboration.

    Let me officially welcome you and the people of Fiji to this Democracy Delivers Initiative. The floor is yours.

    MIL OSI USA News

  • MIL-OSI United Kingdom: New Interim Director of Housing Transformation

    Source: City of Salford

    Salford City Council has announced the appointment of Alan Caddick to the post of Interim Director of Housing Transformation. 

    Alan joins the council having held a similar role at a local authority in the North East. Previously in his career, he served as the Director of Housing for two of the London authorities and was the Director of Housing and Residential Growth at Manchester City Council. It is also a welcome return for Alan who worked for the council some years ago in the role of Lead Officer for the Charlestown and Lower Kersal New Deal for Communities. 

    Councillor Tracy Kelly, Deputy City Mayor and Lead Member for Housing and Anti-Poverty said “Alan brings with him an incredible wealth of knowledge and experience of the housing sector, within local authorities, so I’m looking forward to working with him to deliver the quality affordable housing our residents and communities deserve.

    Alan said “I am really pleased to be rejoining Salford City Council. Salford is a vibrant and dynamic place to live, work and visit, so I am looking forward to being a part of the team that helps to transform our communities and provide a range of housing opportunities for all of our residents”.

    “Across the city the demand for suitable housing remains one of our main priorities and I am looking forward to the challenges, and the opportunities that we will encounter as the renaissance of our communities continues.”

    Share this


    Date published
    Thursday 26 September 2024

    Press and media enquiries

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Joint Statement on the situation between Lebanon and Israel

    Source: United Kingdom – Executive Government & Departments

    Joint Statement by the United States, Australia, Canada, the European Union, France, Germany, Italy, Japan, Saudi Arabia, United Arab Emirates, the United Kingdom, and Qatar.

    The situation between Lebanon and Israel since October 8th, 2023 is intolerable and presents an unacceptable risk of a broader regional escalation. This is in nobody’s interest, neither of the people of Israel nor of the people of Lebanon.  

    It is time to conclude a diplomatic settlement that enables civilians on both sides of the border to return to their homes in safety.

    Diplomacy however cannot succeed amid an escalation of this conflict.  

    Thus we call for an immediate 21 day ceasefire across the Lebanon-Israel border to provide space for diplomacy towards the conclusion of a diplomatic settlement consistent with UNSCR 1701, and the implementation of UNSCR 2735 regarding a ceasefire in Gaza

    We call on all parties, including the Governments of Israel and Lebanon, to endorse the temporary ceasefire immediately consistent with UNSCR 1701 during this period, and to give a real chance to a diplomatic settlement.  

    We are then prepared to fully support all diplomatic efforts to conclude an agreement between Lebanon and Israel within this period, building on efforts over the last months, that ends this crisis altogether.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Tereos fined for failure to comply with CMA merger procedures

    Source: United Kingdom – Executive Government & Departments

    The CMA has found that Tereos failed to comply with a requirement to produce information in connection with its recent investigation into Tereos’ deal with T&L Sugars.

    The Competition and Markets Authority (CMA) has imposed a fine of £25,000 on Tereos SCA and Tereos United Kingdom and Ireland Limited (together Tereos) for failing to provide relevant information in relation to the T&L Sugars/Tereos merger inquiry.  

    As part of the CMA’s phase 2 investigation, a notice was sent to Tereos under section 109 of Enterprise Act 2002 (the Act) requiring the production of certain minutes and internal documents in relation to its board and corporate governance. Tereos responded to the notice, however, following further enquires by the CMA it was found that Tereos failed, without reasonable excuse, to provide a full response.  

    In particular, the CMA Inquiry Group found that Tereos’ interpretation of the scope of the notice was unjustifiably narrow and untenable when viewed in the context of the object of the merger inquiry and that the failure was capable of having an adverse impact on the CMA’s investigation.    

    In order to reach sound decisions that benefit consumers and the UK economy as efficiently as possible, it is essential that the CMA is able to gather all the evidence it requires. Parties must therefore comply, on time and in full, with requests for information from the CMA during an investigation.

    Richard Feasey, Chair of the independent inquiry group which led the investigation, said: 

    It’s important that firms respect the UK merger review process – which includes providing all the information we need to promptly progress our investigation.  

    Firms and their advisers must not apply their own narrow, artificial interpretation of our formal information gathering requirements– as Tereos has done so here. Had they responded properly then Tereos could have avoided this fine altogether.

    Currently, where there is a failure to comply, without reasonable excuse, with a requirement of a notice under section 109 of the Act, the maximum fixed penalty the CMA is able to impose is £30,000. This is due to increase to 1% of the total value of a business’s worldwide turnover once amendments introduced by the Digital Markets, Competition and Consumers Act 2024 (DMCCA) come into force.  

    For more information, visit the T&L Sugars / Tereos merger inquiry page.

    Notes to editors:   

    1. A copy of the full notice is available via the case page. 

    2. Tereos was represented in the CMA’s investigation by its solicitors, Squire Patton Boggs.  

    3. The CMA received and considered the documents relevant to the notice under section 109 of the Act from Tereos in advance of clearing the merger on 3 September 2024.  

    4. Where a party fails, without reasonable excuse, to comply with investigatory requirements such as a notice requiring the production of documents, the CMA may impose an administrative penalty on that party. The CMA has published guidance Administrative penalties: Statement of Policy on the CMA’s approach (CMA4) on the CMA’s approach and powers in relation to imposing administrative penalties. A draft version of an updated version of the guidance, incorporating changes by the DMCCA was recently consulted on and the CMA is currently analysing feedback following the consultation closing on 23 August 2024. 

    5. The DMCCA received Royal Assent on 24 May 2024. It is currently anticipated that the relevant parts (Part 2, section 143(1) and Schedule 10 paragraph 17) of the DMCCA which relate to the amount of a penalty that can be imposed by the CMA under section 111 of the Act will enter into force in December 2024 or January 2025. These amendments to the Act increase the maximum penalty amount that can be imposed on a business for not complying, without reasonable excuse, with a notice under section 109 from £30,000 to 1% of the annual worldwide turnover in the case of a fixed penalty and from £15,000 to 5% of the daily worldwide turnover of the business in the case of a daily amount.  

    6. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Immediate measures to step up safeguards against African swine fever from Europe

    Source: United Kingdom – Executive Government & Departments

    The mitigation measures will help to prevent the spread of ASF across the border, protecting the pig sector worth over £8 billion to the UK economy 

    Immediate measures have been introduced to protect pig farmers and industry from an African swine fever (ASF) outbreak. 

    ASF is a highly contagious and deadly disease in pigs and wild boar that can be transmitted through infected meat, but poses no risk to human health. The new safeguarding rules will help protect UK livestock by mitigating its spread across the border to the UK.  

    To safeguard the UK’s pig and farming industries, personal imports of pork and pork products from the EEA (European Economic Area), the Faroe Islands, Greenland and Switzerland will be banned from tomorrow (Friday 27th September), unless such products are manufactured and packaged to EU commercial standards and weigh less than a maximum of 2kg. 

    An outbreak of ASF could have a significant impact on the UK’s £8 billion pig industry, as well as its annual pork and pork product exports worth £600 million. It is estimated that an outbreak could cost the UK between £10 million to £100 million.  

    Biosecurity Minister Baroness Hayman said:  

    African swine fever is a deadly disease wreaking havoc in Europe.   

    These new measures will protect British pig farmers and pork products, preventing infected meat from being brought over the border and threatening our biosecurity.

    The UK has never had an outbreak ASF, and commercial meat imports are routinely checked at the border to ensure infected goods do not reach UK shores. 

    Preventing an outbreak of ASF in the UK remains one of Defra’s key biosecurity priorities, and it keeps policy on personal meat and dairy imports under constant review, as well as works closely with devolved governments on contingency planning and preventing an incursion from infected goods. 

    Those found to bring pork or pork products illegally may be fined up to £5,000 in England. Products will be seized and destroyed on arrival.  

    Defra is investing £3.1 million to Dover Port Health Authority for 2024/25 to help Border Force tackle illegal meat imports and keep African Swine Fever out of Great Britain.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI Economics: Monetary developments in the euro area: August 2024

    Source: European Central Bank

    26 September 2024

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 2.9% in August 2024 from 2.3% in July, averaging 2.5% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -2.1% in August, compared with -3.1% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 10.6% in August from 11.4% in July. The annual growth rate of marketable instruments (M3-M2) increased to 22.0% in August from 21.4% in July.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed -1.4 percentage points (up from -2.1 percentage points in July), short-term deposits other than overnight deposits (M2-M1) contributed 3.0 percentage points (down from 3.2 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.2 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households increased to 2.3% in August from 2.1% in July, while the annual growth rate of deposits placed by non-financial corporations stood at 1.8% in August, compared with 1.7% in July. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 11.7% in August from 6.3% in July.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in August 2024, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 4.0 percentage points (up from 3.8 percentage points in July), claims on the private sector contributed 1.2 percentage points (up from 0.9 percentage points), claims on general government contributed -0.4 percentage points (as in the previous month), longer-term liabilities contributed -1.8 percentage points (up from -1.9 percentage points), and the remaining counterparts of M3 contributed 0.0 percentage points (up from -0.1 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents increased to 0.6% in August 2024 from 0.3% in the previous month. The annual growth rate of claims on general government stood at -1.1% in August, unchanged from the previous month, while the annual growth rate of claims on the private sector increased to 1.2% in August from 0.9% in July.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 1.6% in August from 1.3% in July. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 0.6% in August, compared with 0.5% in July, while the annual growth rate of adjusted loans to non-financial corporations increased to 0.8% in August from 0.6% in July.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Economics

  • MIL-OSI: UXLINK Now Listed on the Crypto.com

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) —  UXLINK is excited to announce that $UXLINK is now officially listed on the Crypto.com App, one of the leading cryptocurrency platforms in the world. Users can now seamlessly purchase $UXLINK with USD, EUR, and over 20 additional fiat currencies, making it easier than ever to trade and invest in this innovative asset.

    With millions of users globally, Crypto.com provides a secure, user-friendly experience for buying, selling, and managing cryptocurrencies. The addition of $UXLINK to the platform enhances accessibility for both new and experienced traders alike.

    Download the Crypto.com App to trade $UXLINK today:
    crypto.onelink.me/ADTi/d39hnmqo

    For more information on this listing, please visit:
    crypto.com/product-news

    Follow us on Twitter for the latest updates:
    @UXLINKofficial

    Overview of UXLINK:

    UXLINK stands at the forefront of Web3 social platforms and infrastructure, offering a comprehensive ecosystem that integrates social networking with blockchain technology. With over 100 ecosystem partners, UXLINK is dedicated to providing innovative solutions that drive user engagement and growth. The introduction of the SLP system underscores UXLINK’s commitment to fostering a vibrant and dynamic community, enhancing the value of $UXLINK tokens, and setting new standards in the social infrastructure space.

    About UXLINK:

    UXLINK is the world’s largest Web3 social platform and infrastructure provider, connecting a wide array of ecosystem partners and users through a seamless and interactive digital experience. By leveraging blockchain technology, UXLINK aims to redefine social networking, ensuring a secure, transparent, and rewarding environment for its global community.

    Contact Details:
    UXLINK Web: https://www.uxlink.io/
    UXLINK Twitter : https://twitter.com/UXLINKofficial
    UXLINK Telegram: https://t.me/uxlinkofficial

    Contact Information:

    UXLINK
    admin@uxlink.io

    Media Contact:
    Rachita Chettri
    MediaX Agency
    contact@mediax.agency

    Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/552cec76-e9fb-40f6-abb6-5c35ac91e7dc

    The MIL Network

  • MIL-OSI: Bitget Wallet Integrates Unizen DEX Aggregator, Broadening Trading and Liquidity Features

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, announces the integration of Unizen, a multi-chain DEX aggregator, into its Swap feature on mobile and browser extensions. This integration enhances trading options and expands liquidity access, adding Unizen’s capabilities across 13 blockchains and 197 liquidity pools.

    The Swap function in Bitget Wallet aggregates hundreds of DEXs and cross-chain bridges, enabling users to perform token swaps, limit orders, and cross-chain services across 50+ blockchains. With the addition of Unizen, users can benefit from a broader selection of trading routes and deeper liquidity pools, which can make decentralized trading more seamless and efficient.

    To further improve the user experience, Bitget Wallet offers advanced features such as real-time market trends, trending token rankings, gas-free trading, automatic slippage adjustments, and Smart Money tracking, allowing users to follow expert traders’ moves. Lightning-fast transaction modes also ensure minimal delays for active traders.

    The integration with Unizen aligns with Bitget Wallet’s vision of providing a unified Web3 trading environment where users can manage, trade, and grow their assets across multiple chains. “We are constantly striving to bring more liquidity and trading options to our users,” said Alvin Kan, COO of Bitget Wallet. “The integration of Unizen supports our goal of creating a multi-chain trading experience, allowing users broader access to the DeFi ecosystem with greater efficiency and transparency.”

    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 poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a strong 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 a leading option for asset discovery and Web3 exploration.

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

    For media inquiries, readers can please contact media.web3@bitget.com

    About Unizen
    Unizen is a leading DEX aggregator, enabling cross-chain swaps and DeFi access to UTXO assets like native Bitcoin and Dogecoin. Utilizing its in-house trade splitting and routing algorithm, Unizen aims to minimize slippage and reduce gas costs, offering advantages over other DEX aggregators.

    Additionally, Unizen aggregates interoperability providers to offer fast and cost-efficient access to liquidity across multiple blockchains, with the goal of optimizing trading outcomes and enhancing user experience.

    In addition to aggregation, Unizen is expanding its ecosystem with the launch of ZenChain, a Layer-1 blockchain that will utilize ZCX, the native token, for gas fees. ZenChain is a foundational part of the evolving Unizen ecosystem, which also includes diverse components such as decentralized governance, the Earn 2.0 staking program, and more.

    Unizen is committed to continually advancing the decentralized financial space, providing fast, more cost-efficient solutions while enhancing the overall DeFi experience.

    Readers can learn more here: Unizen X I ZenChain X I Discord I Telegram I Website I Application I CMC

    Contact

    PR team
    media.web3@bitget.com

    The MIL Network

  • MIL-OSI: Key Carbon & Marex Group Announce Carbon Financing and Investment

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Key Carbon and Marex Group Plc (“Marex”) today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects.

    Key Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and operational support to ensure its projects are held to the highest quality and integrity standards. The funding from Marex will predominantly be used to help finance the production and distribution of low-emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key Carbon’s joint venture with BURN Manufacturing (“BURN”). To date, Key Carbon has provided US$45 million in funding to Global Cookstoves to expand the roll out of critical projects across eight African countries.

    This partnership will allow Marex to gain access to a wider carbon client base as well as streams of carbon credits, as it seeks to grow its environmental business and support clients as they transition to a low carbon economy.

    Inclusive of this latest funding from Marex, Key Carbon will have funded over 1.5 million biomass-fuelled cookstoves across 8 countries in Africa, improving the lives of an estimated 7.5 million people. These highly efficient cookstoves, along with other projects funded by Key Carbon, are expected to avoid or remove more than 46 million tonnes of carbon dioxide (“CO2”) or CO2 equivalent.

    Luke Leslie, Co-Founder and CEO of Key Carbon, said: “This latest partnership is a powerful endorsement of our approach to investing in the VCM and demonstrates our ongoing ability to attract meaningful funding in a challenging market through our robust approach to sourcing and governance. Partnerships like this will be critical to accelerating climate action and delivering tangible benefits to vulnerable communities.”

    Bastien Declercq, Head of Environmental at Marex, said: “This partnership will allow us to further diversify our emissions offering and give us access to a new range of market participants that we can service through our comprehensive platform. Reliable access to trustworthy sources of carbon credits has held the market back in the last few years. By moving up the value chain we can play a more relevant role for our clients in helping them to transition to a greener future.”

    About Key Carbon

    Founded in 2021, Key Carbon is a permanent capital vehicle, building a large, diversified portfolio of high-integrity carbon credit streams and royalties for corporates and other organisations on their journey to Net Zero. Since incorporation, the Company has financed several critical projects including the planting of 3.75 million trees and the distribution of clean cookstoves to an estimated 7.5 million people across Africa. The company’s mission is to help combat climate change, improve local biodiversity, soil health and water quality, and benefit some of the world’s most vulnerable communities. For further information, please visit our website at http://www.key-carbon.com.

    About Marex
    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

    The MIL Network

  • MIL-OSI: Virtu Financial Congratulates Women in Finance Award Recipients Leah Goldsberry and Trish McMenamin

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, is proud to announce that Trish McMenamin, Chief Compliance Officer, and Leah Goldsberry, EMEA Head of Analytics Client Coverage, have both been recognized at Markets Media’s European Women in Finance Awards.

    Trish McMenamin received the Excellence in Legal and Compliance award for her leadership in transforming Virtu’s Dublin-based regulatory program and her collaboration efforts across the global platform and global teams. With over a decade of experience, Trish has consistently demonstrated integrity and a commitment to compliance excellence.

    Leah Goldsberry was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu’s EMEA analytics team. Leah’s adaptability, leadership, and client-oriented approach have made her a driving force within the firm’s international growth.

    “Trish and Leah exemplify Virtu’s commitment to excellence, innovation, and teamwork,” said Rob Boardman, EMEA CEO of Execution Services at Virtu Financial. “Their well-deserved recognition is a testament to their hard work and dedication, and we are very proud of their achievements.”

    The firm extends its thanks and appreciation to Leah and Trish for the examples they set at Virtu and the financial services industry.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    investor_relations@virtu.com
    media@virtu.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Xtract One Technologies Teams Up with UBS Arena, Home of the NHL’s New York Islanders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced that its SmartGateway screening solution was selected to secure UBS Arena in New York. This contract is enabled through the Company’s partnership with Oak View Group (OVG), a global sports and entertainment company. UBS Arena, an 18,000-seat capacity venue located in New York’s historic Belmont Park, is home to the National Hockey League’s (NHL) New York Islanders.

    Xtract One will provide fast and frictionless fan screening to optimize UBS Arena’s patron experience while bolstering safety and security. The SmartGateway will secure key entrances for sports games, concerts, family shows and other live events held at UBS Arena. Together with Oak View Group, Xtract One is working towards providing high-quality experiences for customers while enhancing the comfortability and safety they feel when attending high capacity events.

    “We are pleased to have been selected by UBS Arena and the New York Islanders to secure their premises, another noteworthy accomplishment after recently achieving DHS certification,” said Peter Evans, CEO of Xtract One. “We are in active communication with many NHL teams and are excited by the rapid increase in interest that the DHS award has helped facilitate. This latest deployment, expected to be completed in the current quarter, perfectly blends the historic backdrop of the venue with our next-generation SmartGateway AI technology. Xtract One’s advanced systems will enhance and strengthen UBS Arena’s mission to provide safe, entertaining events for millions – giving patrons the best time possible. We’re excited to have them as a client and look forward to continue revolutionizing the customer experience.”

    Xtract One’s SmartGateway system leverages AI-powered sensors to detect threats without invading guest privacy and comfort, making the screening process for high throughput venues more efficient without compromising accuracy. The SmartGateway scans patrons for weapons and other prohibited items as they enter the space in a discreet manner, enhancing patron experience by reducing security line wait times while still prioritizing their safety.

    “At UBS Arena, guest experience is always paramount. We want our guests to have a best in class experience every time they walk through our doors,” said Mike Sciortino, General Manager of UBS Arena. “For your safety and the safety of others, our screening process is now frictionless using Xtract One technology. There is no need to remove any items, including small bags and coats. Guests will be able to walk directly through the screening system for an expedited security process.”

    To learn more, visit http://www.xtractone.com.

    About Xtract One
    Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities, and receive valuable intelligence for optimizing operations. For more information, visit http://www.xtractone.com or connect on LinkedIn, X, and Facebook.

    About UBS Arena
    UBS Arena is made for music and built for hockey. New York’s newest premier entertainment and sports venue and proud home of the New York Islanders is developed in partnership with Oak View Group, the New York Islanders, and Jeff Wilpon. The state of the art arena has welcomed top artists from around the globe since opening in November 2021 including Billy Joel, Bruce Springsteen, Chris Stapleton, Dua Lipa, Drake, Harry Styles, Marc Anthony and Suga. The venue delivers an unmatched live entertainment experience for guests including clear sightlines and premier acoustics.

    UBS Arena is at the forefront of sustainability, recently achieving Zero Waste TRUE Silver certification in May 2024 in addition to its LEED Green Building Certification and carbon neutrality for operations.

    Located on the historic grounds of Belmont Park, UBS Arena is located just 30 minutes by LIRR from Grand Central or Penn Station and is easily accessible from across the region via mass transit or car. To plan your trip, please visit UBSArena.com/plan-your-trip.

    For additional information, please visit UBSArena.com or @UBSArena on Facebook, Instagram and Twitter.

    About Oak View Group
    Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports, live entertainment, and hospitality industries and currently has eight divisions across five global offices (Los Angeles, New York, London, Philadelphia, and Toronto). OVG oversees the operations of Climate Pledge Arena at Seattle Center, UBS Arena in Belmont Park, NY, and Moody Center in Austin, TX as well as arena development projects for Acrisure Arena in Palm Springs, CA; Co-op Live in Manchester, UK; and projects for Arena São Paulo in São Paulo, BZ; Baltimore Arena in Baltimore, MD; FirstOntario Centre Arena in Hamilton, ON; a New Arena and entertainment district in Las Vegas, NV; and a New Arena in Cardiff, Wales. More information at OakViewGroup.com, and follow OVG on Facebook, Instagram, Twitter, and LinkedIn.

    Forward Looking Statements
    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

    For further information, please contact:
    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645
    UBS Arena inquiries: press@ubsarena.com

    The MIL Network

  • MIL-OSI: Tomorrow Street Selects Nile to Join its Scaleup X Programme with Vodafone

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. and LUXEMBOURG, Sept. 26, 2024 (GLOBE NEWSWIRE) — Nile, a pioneer in an entirely new generation of wired and wireless LAN solutions for the enterprise, and Tomorrow Street, a joint venture between Vodafone and Luxembourg’s national technology incubator, Technoport, today announced that Nile has joined Tomorrow Street’s Scaleup X programme, which is designed to help bring the next generation of strategic suppliers into Vodafone through an accelerated selection process.

    Tomorrow Street selected Nile for its potential to give Vodafone’s enterprise customers a new generation wired and wireless Local Area Network (LAN) delivered as a service, with complete zero-trust network access security, zero up-front expense, and the industry’s only performance guarantees for coverage, capacity, and uptime. Nile’s innovative approach to AI-driven network automation also dramatically reduces the burden of network operations for service providers’ managed services teams and enterprise IT customers.

    “In evaluating new solutions to be included in our 2024 cohort of scaleup companies, the Nile Access Service stood out for its innovative approach to providing connectivity for today’s enterprises,” said Neil Cocker, a Tomorrow Street company director and Head of Scouting. “Nile’s fresh take on automation, security, operational intelligence, and billing make for an intriguing proposition.”

    Tomorrow Street provides access to relevant fast-growing scaleups with innovative commercialised solutions that have the potential to scale across large corporations. Scaleup partners are selected in close co-operation with Vodafone experts and senior stakeholders to offer an established range of technology solutions that accelerate digital transformation and create new revenue opportunities for businesses like Nile and its customers.

    “We’re thrilled to partner with Tomorrow Street to deliver a new vision of the enterprise network,” said Pankaj Patel, Nile’s CEO and co-founder. “The Nile Access Service is ideal for service providers like Vodafone, as it provides a complete wired and wireless LAN offering that enables service providers to strengthen their relationships with their enterprise customers but doesn’t add to their operational burden.”

    Nile is participating in two events being held by Tomorrow Street in October 2024. The first is in Luxembourg on 16-17 October 2024 and will include Procurement leaders and decision-makers from Vodafone Procurement & Connectivity Co. The second will occur in London at Vodafone’s HQ on 24 October 2024, with key stakeholders and technology leaders from Vodafone Group.

    About the Nile Access Service
    The Nile Access Service is powered by a new approach for securing enterprise networks that combines built-in zero-trust security for the campus, cloud native software delivery, AI, and automation with a high-performance wired and wireless LAN in an “as-a-Service” offering. The Nile Access Service was built from the ground up to prevent lateral movement cyber attacks while completely automating the network lifecycle management process. This complete service offering is a comprehensive package including hardware and software components, 24/7 support, and zero upfront capital expense, all of which are backed by the industry’s only performance guarantees for availability, coverage, and capacity.

    To learn more about the Nile Access Service, visit https://nilesecure.com/solutions/nile-access-service

    About Nile
    Nile is disrupting the enterprise network market by building natively secure connectivity that modernises IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, the Nile Access Service integrates zero-trust security and offers performance guarantees for connectivity, coverage, and availability. With Nile, IT organisations close the gap between their digital aspirations and legacy realities with superior connectivity that reduces the burden on critical IT resources. For more information, visit nilesecure.com/solutions/nile-access-service.

    About Tomorrow Street
    Tomorrow Street is an innovation centre that accelerates leading-edge technology through scaling late-stage startups. Tomorrow Street is a joint venture between Vodafone and Luxembourg’s technology incubator, Technoport. Its innovation centre hosts and supports the next generation of strategic suppliers to Vodafone and is a technology hub that attracts entrepreneurs and talent to the fast-growing tech sector in Luxembourg.
    Tomorrow Street’s latest programme Scaleup X is designed to connect Vodafone with fast-growing post-series A scaleups and select the next generation of strategic suppliers enabling new customer propositions and accelerating digital transformation.

    For further information, visit http://www.tomorrowstreet.co.

    Media Contacts:
    Nichols Communications for Nile
    Jay Nichols
    +1 408-772-1551
    jay@nicholscomm.com

    The MIL Network

  • MIL-OSI: Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    GREAT NECK, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on July 29, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

    The MIL Network

  • MIL-OSI: Viva Gold to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Viva Gold Corp (TSXV: VAU, OTCQB: VAUCF) (“Viva”), with operations in Nevada, focused on gold mining development, today announced that Jim Hesketh, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st & 2nd 2024.

    DATE: October 1st
    TIME: 10:00 AM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: October 1st to 4th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at http://www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Viva will be resuming drilling activities at its Tonopah Gold Project in Nevada
    • Baseline study work to continue to prepare for project permitting
    • An updated resource and preliminary economic study is due after completion of the upcoming drill program

    About Viva Gold Corp

    Viva’s Tonopah gold project sits in the middle of gold mining country and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown its resources since 2017 and has commenced a new, fully funded drill program to further define and grow the current resource base. The Company plans to update the resource model and initiate Preliminary Economic Analysis Study in late 2024, both of which are major catalysts and value creation events for shareholders.

    Viva Gold is led by CEO Jim Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. Jim has surrounded himself with equally experienced mining professionals both on the management team and the board.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Viva Gold
    Name: Jim Hesketh
    Title: CEO
    Phone: (720) 291-1775
    Email: jhesketh@vivagoldcorp.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network

  • MIL-OSI: Westhaven Receives Commitment for Strategic Investment from Rob McEwen of C$1.5 Million as Part of Previously Announced Brokered Private Placement Offering

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce, further to its press release dated September 25, 2024 announcing a $5,000,000 brokered best efforts offering (the “ Marketed Offering”) with Red Cloud Securities Inc. (the “Agent”) acting as agent, the Agent has received overnight a commitment from Rob McEwen for participation in the Marketed Offering as a subscriber.

    As previously announced, the Company entered into on September 25, 2024, an agreement with the Agent to act as sole agent and bookrunner in connection with the Marketed Offering to raise gross proceeds of C$5,000,0000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Rob McEwen has agreed to make a strategic investment of C$1.5 million in Offered Securities, through his private holding company Evanachan Ltd. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Offered Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

    The Agent was granted the option, exercisable in full or in part, up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an amended offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this amended offering document before making an investment decision.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the proposed participation by Mr. McEwen and the size of that participation; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI: Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

    Effective September 26th, the following changes have been implemented:

    • Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
    • Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
    • Defiance R2000 Enhanced Options Income ETF (Ticker: IWMY) has been renamed to Defiance R2000 Enhanced Options & 0DTE Income ETF.

    Revised Income Strategy: Targeting Weekly Distributions

    Each Fund has revised its principal investment strategy to target weekly distributions rather than monthly. This shift is designed to better align with the income generation opportunities provided by the daily options strategy.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs has emerged as a leading ETF issuer dedicated to income and thematic investing. Defiance’s actively managed options ETFs are designed to potentially enhance income for investors, with distributions now targeted on a weekly basis.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). JEPY, QQQY, and IWMY are distributed by Foreside Fund Services, LLC.

    “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.”

    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.

    The Distribution Rate is the annual yield 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.

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

    QQQY 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.

    JEPY 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.

    JEPY 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.

    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.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network

  • MIL-OSI Asia-Pac: MHI participated in ‘Swachhta Hi Seva 2024’ Campaign and Tree plantation campaign under #एक_पेड़_माँ_के_नाम and #Plant4Mother

    Source: Government of India

    MHI participated in ‘Swachhta Hi Seva 2024’ Campaign and Tree plantation campaign under #एक_पेड़_माँ_के_नाम and #Plant4Mother

    More than 100 sites have been selected as Cleanliness Target Units (CTUs) with an objective to transform these into clean and healthy spaces.

    A Tree plantation drive was led by Union Minister of Heavy Industries & Steel at Cement Corporation of India Ltd

    Posted On: 26 SEP 2024 1:40PM by PIB Delhi

    The Ministry of Heavy Industries (MHI) alongwith its Central Public Sector Enterprises (CPSEs) / Autonomous Bodies (ABs) is actively participating in ‘Swachhta Hi Seva 2024’ with the support of Ministry of Housing and Urban Affairs and Ministry of Jal Shakti for the cleanliness and sanitation. The campaign aims to facilitate large-scale advocacy and citizen participation for swachhata, mega cleanliness drives with focus on clearing of dirty and difficult garbage spots (black spots), recognize the contribution of sanitation workers, celebrate the achievements over the past decade, and also reaffirm nation’s commitment to ‘Sampoorna Swachhata’. 

    Keeping in view the theme of the Campaign ‘Swabhav Swachchata, Sanskar Swachchata’, more than 200 activities have been identified during the initial stage of the campaign setting the groundwork for this nationwide effort and more than 100 sites have been selected as Cleanliness Target Units (CTUs) with an objective to transform these neglected / challenging locations, often referred to as black spots, into clean and healthy spaces.

     

               

    Cleanliness drive by Bridge & Roof Co. (I) Ltd. at Santragachi Railway Station, West Bengal (Identified as CTU)

     

              

    Cleanliness drive by Bridge & Roof Co. (I) Ltd at Rudraprayag Project Site, Uttarakhand

    (Identified as CTU)

    The Tree plantation campaign #एक_पेड़_माँ_के_नाम and #Plant4Mother was launched by Prime Minister, Shri Narendra Modi, on 5thJune, 2024, on the occasion of World Environment Day. The campaign aims to halt and reverse land degradation, build drought resistance, and prevent desertification. The goal is to plant 80 crore trees by September 2024 and 140 crore trees by March 2025 by engaging all stakeholders across society.

    In a stride towards achieving this goal under the visionary leadership of Prime Minister, a tree plantation drive was led by Minister (HI & Steel), Shri H. D. Kumaraswamy, at Cement Corporation of India Ltd. Residential Township, Bokajan, Assam on 21st September, 2024.

     

    Tree plantation drive by Hon’ble Minister (HI & Steel), Shri H. D. Kumaraswamy

     

    Furthermore, the tree plantation drive is in full swing in the CPSEs and ABs under MHI resulting in plantation of more than Ninety-Two Thousand trees so far.

      

    Tree Plantation drive by CISF at Bhopal Unit, BHEL Tree Plantation drive by Engineering Projects (India) Limited at Delhi

     

          

    Tree plantation by CCI at Rajban, Himachal Pradesh  Tree plantation by NATRAX at Dhar, Madhya Pradesh

     ******

    MG/PD

    (Release ID: 2058938) Visitor Counter : 45

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Secretary for Health commences visit to Beijing (with photos)

    Source: Hong Kong Government special administrative region

    Secretary for Health commences visit to Beijing (with photos)
    Secretary for Health commences visit to Beijing (with photos)
    *************************************************************

         The Secretary for Health, Professor Lo Chung-mau, led a delegation to begin their visit to Beijing today (September 26) and called on the National Health Commission (NHC), the National Administration of Traditional Chinese Medicine (NATCM) and the General Administration of Customs of the People’s Republic of China (GACC) to introduce to the Mainland officials the latest developments of various healthcare reforms in Hong Kong to keep deepening synergistic collaboration on healthcare-related areas with the Mainland.     During the meeting with Vice-minister of the NHC Mr Yu Xuejun, Professor Lo engaged in an in-depth discussion on how to further deepen cross-boundary collaboration on health and medical innovation between the Mainland and the Hong Kong Special Administrative Region (HKSAR). Professor Lo also actively put forward to the NHC multiple proposals on measures for promoting cross-boundary flow of innovation elements (including entry and exit of human genetic resources) in the Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (Development Plan for Shenzhen Park) promulgated by the State Council, with a view to supporting and encouraging innovative application of advanced biomedicine technologies with full effort.      Professor Lo said that the Development Plan for Shenzhen Park emphasises co-ordinated development of Shenzhen and Hong Kong through the establishment of an internationally competitive base for industrial pilot-scale testing and transformation in Hetao to support the innovative application of advanced biomedicine technologies. “The Chief Executive’s 2023 Policy Address” also proposed the development of Hong Kong into an international health and medical innovation hub. To this end, the Health Bureau (HHB) strives to push forward with multiple key initiatives as follows: (1) To reform Hong Kong’s evaluation, approval and registration mechanism for drugs and medical devices and prepare for the establishment of the Hong Kong Centre for Medical Products Regulation, with a view to progressing towards the “primary evaluation” approach; (2) To join forces with the Shenzhen Municipal Government to set up in the Hetao Area an international clinical trial collaboration platform for the Guangdong-Hong Kong-Macao Greater Bay Area under the “one zone, two parks” model in expectation of simultaneous commencement of operation in the fourth quarter of this year;(3) To promote cross-boundary real-world data research; and(4) To introduce world-leading enterprises of advanced therapeutic products as well as innovative drugs and medical devices.     He continued, “The development of innovative drugs and medical devices not only enhances healthcare standards but also transforms the industry, thus realising the vision of introducing good drugs for use in Hong Kong, bringing benefits to citizens with research and development, fostering transformation of innovation and technology, and driving the development of the industry. The healthcare system of Hong Kong must keep abreast of times and pursue transformation with innovation. With the staunch support of national policies in various areas, the HHB will certainly make greater efforts to motivate the local healthcare and medical sector to actively integrate into the overall national development by fully utilising the unique advantages of the HKSAR and playing an active role in the country’s comprehensive deepening of reforms, thereby serving the nation’s needs with the strengths of Hong Kong.”      Professor Lo and the delegation today also met with the Commissioner of the NATCM, Professor Yu Yanhong, and discussed issues related to the promotion of the development of Chinese medicine (CM). He said, “The HKSAR Government expresses sincere gratitude to the NATCM for its robust support for the development of CM in Hong Kong, particularly with regard to the establishment of the first Chinese Medicine Hospital of Hong Kong and the Government Chinese Medicines Testing Institute as well as collaboration on rolling out the Hong Kong Chinese Medicine Talent Training Programme, etc. The HKSAR Government will continue to press ahead with the high-quality development of CM in Hong Kong on all fronts by giving full play to the characteristics of CM in Hong Kong and the city’s strengths in areas such as service delivery, standard-setting, international connectivity and clinical research in a bid to foster the better integration of Hong Kong into the construction of CM highlands in the Guangdong-Hong Kong-Macao Greater Bay Area as well as the overall development of the country, thereby assisting our nation to propel CM to go global.”     Separately, at the meeting with the Head of the Department of Political Affairs of the GACC, Ms Lyu Weihong, Professor Lo said that, since the signing of the Co-operation Arrangement for Entry-exit Health Inspection and Quarantine between the GACC and the Health Bureau of the Hong Kong Special Administrative Region Government by the HHB and the GACC in November last year, the HKSAR Government has been maintaining close co-operation with the entry-exit health inspection and quarantine authorities of the Mainland as well as strengthening the joint efforts in disease prevention and control in terms of entry-exit health inspection and quarantine between the Mainland and Hong Kong, with a view to safeguarding the wellbeing and safety of residents and travellers of the two places. The two parties also exchanged views on the promotion of cross-boundary flow of innovation elements as mentioned in the Development Plan for Shenzhen Park.           Members of the delegation include the Director of Health, Dr Ronald Lam; Deputy Secretary for Health Mr Sam Hui; the Chairman of the Hospital Authority (HA), Mr Henry Fan; and the Chief Executive of the HA, Dr Tony Ko. The delegation will call on the Hong Kong and Macao Affairs Office of the State Council and the National Medical Products Administration tomorrow (September 27) before departing for Hong Kong in the evening.

     
    Ends/Thursday, September 26, 2024Issued at HKT 19:12

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  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 83rd CSIR Foundation Day Celebrations at the NASC Complex, New Delhi

    Source: Government of India (2)

    Posted On: 26 SEP 2024 3:06PM by PIB Delhi

    Good morning, all of you. 

    It could not have been more delightful for me, everyone present in this room is a role model for me. Your contributions are spinal, your contributions in silence are resonating with the last man in the last row, your efforts are changing Bharat. A great occasion for me to be here, this is a very distinguished premium platinum category that is defining the growth history of Bharat, home to one-sixth of humanity. 

    Professor Ajay K. Sood, rightly honoured with the civilian distinction of Padma Shri, Principal Scientific Advisor to the Government of India, his address though brief on account of constraints of time, was illuminating. He indicated synergetic stance being generated with all stakeholders to ensure sustainability of the rise of Bharat. 

    Dr. K. Radhakrishnan his lecture will be a feast to intellect, team excellence, team itself in hears excellence, team is something which is harmonious. Harmony doesn’t mean keeping your point of view to yourself, harmony means having enough space to voice the other’s point of view. It is heard with respect, not rejected by drop of a hat. Team excellence is the ultimate sublime evolution of it, then, Indian Space Odyssey and your life lessons.

    I have instructed my team to record it, I will have a look at it, as will millions, through our platform in Rajya Sabha and Parliament. 

    Dr. N. Kalaiselvi, Director General, CSIR, normally we say, the man is always in the move, gone are those days, she is always on the move, always in action, with passion, mission, and execution. 

    I very fondly remember the visit I had where she was there, I had the occasion to see for myself how the aviation landscape of skilling will be changed by what her team has created. I had the occasion to visit Dehradun and another institute in her absence, we are proud of her because she sacrificingly gives credit to everyone except herself. I was greatly touched by this reflection of Indian civilisational ethos.

    Dr. G. Mahesh he is a Chairperson of the CSIR Foundation Day Celebration, we are gratified and honoured by the presence of those who laid the firm foundations of CSIR who headed it as DGs Dr. Mashelkar is present here. 

    Dr. Samir Brahmachari  is amongst us but science is all about finding out. Everyone present here, particularly in the front row, is to be respected by us. Because like education, education never ends when you leave an institution, education is life long learning same they may have left legally CSIR but their bond continues. 

    I must mention the Central Electronics Limited chairperson, Mr. Jain, for one reason, the honourable minister, who is very passionate about this sector, he wanted to come, I dissuaded him please won’t, he was preoccupied unavoidably.

    Distinguished scientists, researchers, staff, and esteemed audience, my greetings to the entire scientific community in the country, we are beholden to this category for the contributions they have made to make a Viksit Bharat which is before us today. This day is a special day, not just for CSIR alone. This is a very special day for the nation because if we go into our historical perspective, we will find that ages ago, our Bharat had scientific prowess. We were global leaders, we were the centre of the globe when it came to scientific knowledge, the kind of discoveries and inventions that were made by us made the world proud, we lost our way somewhere, we are regaining that way. 

    It is your foundation day, but it is integrally connected with the firm foundations of Bharat, you are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and this rise is unstoppable, the rise is incremental, and the destination of a developed nation by 2047 will be realised, if not earlier.

    What I see here is your activities and activities of your sister’s concerns.  It is an endorsement that we are on the way to regaining our past pristine glory in the world of science. As I said, your contributions are in silence, I am using the word “silos” in a positive sense, your activities are in silos, but they physically, positively, and affirmatively impact the lives of 1.4 billion people.

    CSIR can be defined as a catalyst scientifically and imaginatively for Ras. C for catalyst, S for scientifically, I for imaginatively, and R for rashtra. 

    Distinguished audience, it is my great honour and privilege, and it will forever be etched in my memory, that I am associating with the 83rd Foundation Day of CSIR. This is an occasion to commemorate and commend the past achievements, and also to look ahead, unfold a roadmap to be more significantly involved with the nation’s rise and global rise, because Bharat stands for Vasudev Kutumbakam.

    A journey that started in 1960, when I was in class four, and where we have come, is a recognition of the hard work you all have done. I am fully aware of the headwinds you face, the air pockets you endure, the difficult terrain you negotiate, and, on occasions, the lack of due recognition therefore an ecosystem existed earlier where you were contributing, but recognition was not forthcoming in the right form. Soothing to note that, in the last few years, recognition for the scientific community has increased. It has increased in several ways, including the government’s serious focus on it. The Prime Minister’s heart and soul are deeply connected to the scientific community. His belief in your power, prowess, and capacity to generate, at global level, those aspects of science which matter to humanity is evident. I am sure, therefore, that we are in good times.

    Now, there is an ecosystem in place where our scientists can fully exploit and expand their energy, exploit their talent, and contribute to the nation by unleashing their innovative skills. I was not surprised, because that was my expectation, but I was in disbelief when I went through the thematic exhibition, amazing things are happening. Imagine if, from bamboo, you can have wooden flooring. Imagine if, from bamboo, you can have something which far superior or equivalent to sagon teak wood and sagon teak wood life is 4 decades or so. It helps the farmer, and it creates wealth. I am making a reference only to only one, there were many such things, I was greatly touched. 

    These developments reaffirm my confidence, and the confidence of the nation, that Bharat is a factor to reckon with globally. Your tremendous accomplishments have emboldened me to assert that, in research and development, it is matter of time when we will be having our due share at the moment, we are on way to it., much remains to be done. Several energies have to converge, they have to converge diligently, they have to work togetherness and in tandem, there has to be the right amount of fiscal input.

    I am so glad that the Principal Scientific Advisor that is uppermost in his mind, you may not be aware, and it may not have been covered in the media, but he is your star batsman when it comes to securing everything for your scientific community. 

    Let me make a brief reference to the Union Budget 2024-25. He must have put his foot down, I am sure of it when the budget is formed, there are always too many claimants. He fought for your segment, got the due, and it can only be incremental henceforth. It emphasises the budget. Innovation, Research and Development, and Anusandhan – the National Research Foundation has been started. I leave it at that; you know it when a beginning is made, even by a toddler, it takes shape over the years, unstoppably. My congratulations to him, for being your advocate with the government, you are an able advocate. I am so glad. 

    The growth engine of the nation, any nation in the world, is driven by science and technology and this is fuelled by research and development, this makes the focus on research and development of paramount importance. I call upon you from this platform to come forward and generously invest in research and development. I look forward to the day when our corporates will figure in the top 20 global corporates that invest in research and development at the moment, there is none, that doesn’t mean our corporates are not doing enough, they are doing enough. In automobile and in information technology, much is being done but looking at our nation’s size, its potential, its position, and the growth trajectory on which it is, our corporates need to come forward to engage in research and development.

    The investment in research and development is lasting and this, distinguished audience, please note, has another cutting edge: soft diplomacy, if you get something, nations flock to you. We have that power, research and development is so integrated with security these days therefore, investment is for the nation. Investment is for growth. Investment is for sustainability. 

    I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR, the sample size was 3,000. We must not do lip service to research and development, our contribution has to be substantial, the result has to be substantial, not cosmetic or superficial. We cannot just take pride in saying so much for research and development. The one doing research or development in academic institutions should not be in pursuit only of academic information. Research is not a simulation. Research is research, and I therefore appeal to everyone concerned to have SOP for it. Invest in that human resource or institution that can authentically engage in research and development. The two are separate, when I went to one of the IITs – all IITs are doing well, I am not naming the IIT for that reason – I was amazed that research and development were excellent, it was being done by professors and students. So, we will have to be on guard that merely because physical resources are committed, we cannot take pride, saying, “Oh, I have spent so much for research and development.”

    Investment in research and development, distinguished audience, has to be correlated to tangible outcomes and there are people in the front row who can evaluate what is a tangible outcome. 

    Friends, there is enough to say, but I will conclude by focusing on the state of the nation, state of the nation today is beyond my dreams. I never imagined it. I did not conceive of the earth as it is today, I did not have that contemplation. I am referring to 1989, when I was elected to the Lok Sabha. In 1990, I was a union minister. I will focus on four aspects. 

    One, we went to Jammu and Kashmir, Srinagar, as a member of the Council of Ministers. We stayed at a hotel near Dal Lake, everything was dull, not even twenty souls could be seen on the road, a state of dejection and hopelessness and it was declared in the Rajya Sabha, which I preside as chairman, that last year, two crore tourists went to Jammu and Kashmir. Where is the figure of twenty? Two crores, article 370, a temporary article of the constitution – the only article labelled as temporary was taken by some people, including those who had taken oath under the constitution to be permanent. It is no longer there.

    Second, I suffered the pain because, as a student, हमें पढ़ाया गया था कि भारत सोने की चिड़िया है। As a minister, I had the occasion to see our gold physically airlifted, to be placed in two Swiss banks to sustain our fiscal credibility, because our foreign exchange was around one billion US dollars. Now it is more than six hundred billion US dollars, mind you. We are getting things back rather than giving. I suffered the pain then when the World Bank and IMF would give us not advisories or advice, but peremptorily direct us: “Do this, otherwise…”  and now the same institutions, IMF says, India is a favourite global destination of investment and opportunity. World Bank says, digitisation of India and its penetration that happened in six years is otherwise not achievable in four decades or more. We are a role model, according to the World Bank, of digitisation, that happened there.

    Another aspect was that we had a system where corruption was rampant in power corridors, nothing could catalyse without a middleman, your pedigree was a password to opportunity and a job or a contract. Now power corridors are fully sanitised, the middleman has disappeared from the one-sixth of humanity, at least. Do we see middlemen around? No. All transactions are taking place digitally, without human interface. That is the change I never imagined. This change I am seeing myself. We were living in an era where there was privilege pedigree.some thought law was not for them, they were immune to law. They were not accountable to law, it was a concept not known to them but now, the privileged pedigree is feeling the heat of law and why not? Equality before the law is an inalienable facet of democracy. How can we call a nation a democratic nation if some people pass away more equal than others? That is the benefit to young minds and as a result of that, our youth are energised.

    The fourth point I wish to make is about the economy. I can’t even tell you the size of the Indian economy in 1990 was smaller than the city of London or Paris. Imagine. A decade ago, we were counted amongst the fragile five nations. A cliff hanging economy, a concern to the global community. Now we are a robust economy, we are amongst the five great economies of the world, we are the fifth largest, on the way to becoming the third, ahead of Japan and Germany, in two years. Our economic rise is like a plateau, affecting everyone. 

    In all this, the contribution of science is there, technology is there, corruption would have been there, Transparent, accountable governance would not have been there unless there was technology. Digitisation and penetration would not have happened but for democracy. People are adept at technology, they may not be very literate, but they know how to use the internet, how to avail themselves of services. This means the Great Marathon March for Viksit Bharat@2047. You are the major stakeholders. You may not be that visible on the screen, but you are the driving force of it. You will have to be contributing 24X7. 

    My best wishes to you, CSIR exemplifies excellence, academic brilliance and cutting-edge research. In the near future, we will doubtlessly see Bharat emerging as a global pioneer in the domains of science and technology that will help us script a new chapter in our growth story.

    Thank you so much.

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    JK/RC/SM

    (Release ID: 2058962) Visitor Counter : 5

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  • MIL-OSI Asia-Pac: Voter Turnout – 57.03% as of 11:45 PM for Phase-2 of J&K Assembly elections

    Source: Government of India

    Posted On: 26 SEP 2024 6:40AM by PIB Delhi

    Polling in the Phase-2 of General Elections to the Legislative Assembly of J&K recorded an approximate voter turnout of 57.03% as of 11:45 pm. The same shall continue to be updated by the field level officers as the remaining polling parties keep returning and updated figures will be available AC and district wise live at Voter Turnout App.

    The district wise approximate voter turnout at 11:45 pm is as below:

     

    Sl. No.

    District

    No. ACs

    Approximate Voter Turnout %

    1

    Budgam

    5

    62.98

    2

    Ganderbal

    2

    62.51

    3

    Poonch

    3

    73.80

    4

    Rajouri

    5

    70.95

    5

    Reasi

    3

    74.70

    6

    Srinagar

    8

    29.81

    Above 6 Districts

    26

    57.03

    Data displayed here is as per the information being filled in the systems by the field officer. This is an approximate trend, as data from some polling stations (PS) takes time and this trend does not include Postal Ballot. Final actual account of votes recorded for each PS is shared in Form 17 C with Polling agents at close of polls.

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    PK/RP

    (Release ID: 2058854) Visitor Counter : 58

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  • MIL-OSI Asia-Pac: Appointment of Over 15000 Youth in First 100 Days of Modi 3.0 by Central Ministries and Departments Paving the Path to VIKSIT BHARAT

    Source: Government of India

    Posted On: 25 SEP 2024 10:28PM by PIB Delhi

    The Prime Minister Narendra Modi has always accorded the highest priority to generation of employment opportunities and empowerment of youth in the country. The Prime Minister has always held that our demographic dividend is one of the biggest strengths of our country and the Government of India is according the highest priority to ensure the talent of the youth is fully utilized in the nation building to achieve the goal of Viksit Bharat.

    First 100 days of the third term of the present Government have been marked by several key initiatives and decisions which have positively impacted the lives of people and laid a strong foundation for Vikshit Bharat@2047. The citizen-centric decisions have been driven by the vision of the Prime Minister to enhance ease of living and make life better for the poor & middle class, dalit, vanchit, adivasis, Nari shakti and Yuva shakti.

    During the period of 100 days, appointment letters have been issued to over 15000 youth for government jobs by Central Ministries and Departments. The new appointments comprised of various ranks, posts and groups, including the following:

    Ministry of Home Affairs- Inspector, Assistant Sub Inspector, Constable, Head Constable, Sub Inspector, Carpenter, Store, Driver, Constable (Executive) in Delhi Police etc.

    Ministry of Coal– Surveyor (Mining), Senior Medical officer, Medical Specialist, Executive Trainee, Dumper Operator etc.

    Ministry of Health and Family Welfare – Doctor, Nursing Officer, Professor, Assistant Professor, Medical Specialist, Pharmacist, MTS, Lower Division Clerk, Radiographer, and Library Clerk, Laboratory Attendant.

    Department of Higher EducationAssistant Professor, Registrar, Multi-Tasking Staff, Private Secretary, Controller of Examination, Technical Officer, Sports Officer, Executive Engineer, Counselor, Law Officer.

     

    Department of Revenue –Inspector, Examiner, Preventive Officer, Tax Assistant, Multi -Tasking Staff etc.

     

    Ministry of Power- Engineer (Trainee), Manager, Dy. Manager etc.

    Ministry of Defence (Civilian)– Scientist, Multi-Tasking Staff (MTS), Tradesman, Civilian Motor Driver, Clerk, etc.

    The newly inducted appointees will also be getting an opportunity to train themselves through “Karmayogi Prarambh”, an e-learning module on iGOT Karmayogi portal, where more than 1200 high quality e-learning courses have been made available for ‘anywhere any device’ learning format. More than 43 Lakh Karmayogis have so far been onboarded onto the portal Mission Karmayogi, launched in September 2020, aiming at promoting citizen-centric governance.

    The new appointees will be able to serve the Nation by joining their services in various roles and will be witness to India@2047 and are expected to play a significant role in nation building. They will be, inter alia, involved in the task of strengthening Industrial, Economic and Social Infrastructure of the nation thereby building New India with their innovative ideas, cutting edge technology and public participation in governance. The momentum of transformative change continues to shape the nation’s rise at the global stage.

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    AG

    (Release ID: 2058859) Visitor Counter : 31

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  • MIL-OSI Asia-Pac: 7th Rashtriya Poshan Maah

    Source: Government of India (2)

    7th Rashtriya Poshan Maah

    Empowering Women through Nutrition

    Posted On: 26 SEP 2024 10:18AM by PIB Delhi

    Click here for more detail:- 7th Rashtriya Poshan Maah

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    Santosh Kumar/ Sheetal Angral/ Madiha Iqbal/Kamna Lakaria

    (Release ID: 2058870) Visitor Counter : 31

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  • MIL-OSI Asia-Pac: BCCL’s Strategic Moves Boost Domestic Coking Coal Consumption

    Source: Government of India (2)

    Posted On: 26 SEP 2024 11:06AM by PIB Delhi

    Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL) and India’s largest producer of coking coal, has made significant strides in reducing the country’s reliance on imported coal through its active role in the “Mission Coking Coal” initiative under the Aatmnirbhar Bharat vision.

    The import of coking coal puts a burden on India’s valuable foreign reserve, and to cutting down on these imports, BCCL has undertaken substantial reforms to make its coking coal auction processes more flexible, transparent, and attractive for the country’s steel producers.

    One of BCCL’s major efforts came after the Tranche VI auction, where none of the offered coal was booked. In response, BCCL reassessed its strategy and made several improvements. Key among them was the introduction of consortium bidding, which allowed smaller consumers to collaborate and participate collectively in the auction, broadening the pool of bidders and making the process more accessible.

    In a bid to attract more participants, BCCL proposed amendments to the eligibility norms for linkage auction bidders. The proposal was approved at the Functional Directors’ Meeting of BCCL and subsequently forwarded to CIL for further consideration. This proposal included the participation of consortiums comprising steel plants, existing or new coking coal washeries, and other plants capable of consuming the power coal by-products of washeries. CIL quickly embraced this idea, leading to the development of a new Scheme Document for Tranche VII of the Linkage Auction for the steel sub-sector.

    Before the official notification of the Scheme Document and to ensure broad engagement, BCCL and CIL hosted a Consumer Meet in Delhi, gathering feedback from steel producers and industry associations. This effort, also coupled with continuous follow-up with potential bidders and proactive engagement, regular communication significantly improved participation in the auction process.

    As a result of these initiatives, BCCL achieved record-breaking success in the recently concluded long-term linkage e-auction (Tranche VII) for the steel sub-sector. Of the 3.36 MT of coking coal offered, 2.40 MT was successfully booked, setting a new benchmark in coal bookings.

    These efforts by BCCL are poised to significantly enhance the use of domestic coking coal, reduce reliance on imports, and strengthen the steel industry in India. The successful implementation of consortium bidding and clear communication regarding the auction process has ensured higher participation, benefiting both consumers and the country’s broader goal of import substitution under the vision of Aatmnirbhar Bharat.

    Expressing satisfaction with the success of Tranche VII, CMD, BCCL, Shri Samiran Dutta, said the concerted efforts to make the auction process more inclusive and transparent have paid off significantly. The successful bookings are a testament to commitment to boosting domestic coking coal production and reducing import dependency.

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    ST

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  • MIL-OSI Asia-Pac: Secretary, Dr. Devesh Chaturvedi chairs a review meeting of United Nations World Food Programme- Country Programme Advisory Committee

    Source: Government of India

    Posted On: 26 SEP 2024 11:38AM by PIB Delhi

    Secretary, Department of Agriculture & Farmers Welfare (DA&FW), Dr. Devesh Chaturvedi chaired a meeting of the Country Programme Advisory Committee (CPAC) to review the implementation of the Country Strategic Plan (CSP) 2023-2027 with representatives of the United Nations World Food Programme (UN WFP) and members from concerned Ministries/Departments.

    To address the national priorities in food security and nutrition through capacity building and technical support, a Memorandum of Understanding (MoU) was signed between the Department of Agriculture & Farmers Welfare and the United Nations World Food Programme. Under the MoU, the CSP 2023-27 addresses four strategic outcomes which includes (i) more effective and efficient national food-based social protection systems; (ii) increasing consumption of diverse, nutritious, and fortified foods; (iii) enhancing the social and financial mobility of women; and (iv) strengthening the adaptive capacity to build climate-resilient livelihoods and food systems.

    To coordinate and review the progress on initiatives under Country Strategic Plan, a Country Programme Advisory Committee has been constituted under the chairperson of Dr. Devesh Chaturvedi and Joint Secretaries of concerned Ministries and NITI Aayog as its members. The committee meets at least annually.  This was the first meeting of CPAC under CSP 2023-27 to review and discuss the progress and accomplishments of the ongoing Country Strategic Plan (CSP).

    The Country Director of WFP Ms Elizabeth Faure informed the committee about the status of various targeted outcomes of the CSP. WFP informed about various ongoing initiatives which includetransforming agriculture and enhancing food security for smallholder farmers in states like Assam, Odisha, Tamil Nadu and Andhra Pradesh; nationwide efforts for mainstreaming millets; building resilience in fishing communities through the ‘Secure Fishing’ App; initiative for optimizing the Public Distribution System (PDS); Annapurti initiative provides grain ATMs; school nutri-gardens; andrice fortification etc.

    Dr. Devesh Chaturvedi highlighted that the department and WFP have maintained a long-standing partnership, driven by shared goal of achieving food and nutrition security. He suggested the officers toidentify the scalable interventions and initiatives and prepare mechanism for including the same in ongoing programmes of ministries/departments. He further advised WFP to organise a one-day workshop to present and discuss the important initiatives and pilots exclusively in the Agriculture Sector with officers of the department. He also emphasised that while accessing the nutritional outcomes of the programmes we should also look at the standards on nutrition applicable for Indian population. Along with ongoing fortified varieties of different cereals, existing local varieties of red and black rice and millet, which are nutritious, should also be popularised. He also advised exploring the possibilities of bringing the Farmer Producer Organizations (FPO) intodifferent initiatives.  

    The meeting was also attended by officers and representatives from D/o Food & Public Distribution, M/o Women and Child Development, D/o Rural Development, M/o Environment, Forestry and Climate Change, D/o School Education & Literacy, M/o External Affairs, National Disaster Management Authority, India Meteorological Department and M/o Earth Sciences.

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    SS

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