NewzIntel.com

Blog

  • MIL-OSI Economics: Interest rate drop on private customers’ deposit accounts

    Source: Danmarks Nationalbank

    Banking and mortgage credit

    Statistics period: August 2024

    In June, the majority of Danish banks announced interest rate changes on select deposit accounts. This happened in continuation of Danmarks Nationalbank’s interest rate cut on the 7th of June. The effect can now be seen in the interest rate on private customers’ record-breaking deposits. In August they experienced the largest interest rate drop in a single month since January 2021, when the deposit rate became negative for the first time. The interest rate thus fell by 0.10 percentage points to an average annual interest rate of 1.49 percent in August. This is still marginally higher than the level at the turn of the year. If you compare it with the banks’ lending rates to private individuals, they have fallen on average by 0.34 percentage points since the turn of the year to currently 5.59 percent. After Danmarks Nationalbank cut interest rates again with effect from the 13th of September, several banks have announced further interest rate reductions on private customers’ deposit accounts. These will take effect in the coming months.

    Biggest monthly interest rate drop on deposits since January 2021

    Note:

    The figure shows the average interest rate p.a. on Danish private customers’ (employees, pensioners, etc.) interest-bearing deposits in Danish kroner in banks. In the figure, the observations for February 2020 and 2024 are corrected for the effect of leap years, which data for the interest statistics published in the Statbank do not take into account. Find chart data in the Statbank here.

    MIL OSI Economics –

  • MIL-OSI: AFL : First half-year 2024: Business continued to grow at a sustained pace, delivering positive earnings

    Source: GlobeNewswire (MIL-OSI)

    First half-year 2024:
    Business continued to grow at a sustained pace, delivering positive earnings

    The AFL Group has unveiled its earnings for H1 2024. Highlights include:

    • New memberships expressed as pledged capital are up €21.5 million in H1 2024 – as much as during the full year in 2023.
    • Credit origination hit a new record high after growing 18% in H1 2024 compared to H1 2023.
    • Half-year earnings, excluding non-recurring items, rose 16% between 2023 and 2024.
    • Changes to local authority risk weightings, down from 20% to 0%, allow the debt securities issued by AFL to be classified as HQLA1 (decision by ACPR in June 2024).

    Consolidated earnings – key figures at June 30, 2024:

    Member local authorities: 878 (+102 local authorities vs. 31/12/2023)

    Pledged capital: 315 million euros (+21.5 million vs. 31/12/2023)

    Loan production: 622 billion euros (+18% vs. 30/06/2023)

    Funds raised in the market: 1,400 million euros (part of a 2,500-million-euro programme) with a 39-basis point margin over the OAT yield curve.

    Net interest margin: 11.6 billion euros (-10.5% vs. 30/06/2023)

    Gross operating income: 2.9 billion euros (-25% vs. June 30, 2023)

    Net income after tax: 1.96 billion euros (-31% vs. June 30, 2023)

    Cost/income ratio: 73.1% (vs. 67.4% as of December 31, 2023)

    Solvency ratio: 77.7% (vs. 13.23% as of December 31, 2023)

    Leverage ratio for public development lending institutions: 9.69% (vs. 8.86% as of December 31, 2023)

    Banking leverage ratio1: 2.42% (vs. 2.24% as of December 31, 2023)

    Record increase in lending activity and in the number of new local authority memberships

    Record credit origination

    During H1 2024, AFL granted loans of 622 million euros to its local authority members, 18% more than as of June 2023. This trend is being observed as demand for debt remains high, fuelled by the need to fund mid-term projects and address major challenges posed by the environmental and climate transition.

    Over 100 new local authority members

    Buoyed by this lending momentum and its increasingly strong reputation, AFL registered 102 new local authority memberships, thereby bringing its total members to 878 at 30 June, 2024.

    These new members are: 3 departments, 5 unions, 2 communities of communes, 5 urban communities and 87 municipalities of various sizes. Overall, AFL Group members include a total of 6 regions, 17 French departments, 669 municipalities and 186 EPCIs (groupings of municipalities) including 15 cities and 50 unions.

    This represents an additional capital commitment of 21.5 million euros, voted in H1 2024, bringing the total to 315 million euros.

    Efficient refinancing that stands out for the continued diversification of issuances

    In H1 2024, AFL raised 1.4 billion euros in the bond market with a weighted average maturity of 7.8 years:

    • A syndicated bond issue of 750 million euros with a 10-year maturity;
    • The first syndicated issuance in Swiss francs for a total 110 million, with a 10-year maturity;
    • A new 3-year syndicated bond issuance in sterling for a total 250 million;
    • Several Euro-denominated private placements including six “callable” deals (pre-determined term) for a total 221 million euros.

    The weighted average spread on these issues was 39-basis points over the Obligations Assimilables du Trésor (OAT) curve, a substantial improvement compared to the previous financial year (average of 49 basis points over OAT in 2023).

    Financial results are aligned with the business plan

    Robust earnings (consolidated earnings under IFRS)

    At June 30, 2024, the AFL Group has generated the income needed to pursue its growth:

    • Net banking income (NBI) came in at €10,785 thousand (€12,179 thousand as of 30/06/2023).
    • Net interest margin for the AFL Group stood at €11,586 thousand (€12,940 thousand of 30/06/2024). This decline stems from the exceptional results recorded in the first half of 2023, boosted notably by the substantial drop in cash carrying costs after the ECB raised its deposit rate.
    • The gross operating income stood at €2,901 thousand (€3,868 thousand as of 30/06/2023).
    • Excluding non-recurring items (i.e. excluding income from capital gains on disposals of securities and hedge accounting), gross operating income was €4,015 thousand (€3,452 thousand in H2 2023).
    • Operating costs during the period came to €7,336 thousand as of June 30, 2024 (€7,857 thousand as of 30/06/2023), reflecting AFL’s disciplined management and the end of the contribution to the Single Resolution Fund.  
    • Net income as of June 30, 2024, stood at €1,954 thousand (€2,840 thousand as of June 30, 2024).

    Earnings that meet our expectations and confirm the resilience of AFL’s model

    “The AFL Group’s results at the end of the first half of 2024 are in positive territory for the long term. They are in line with the forecast included in the budget for the year 2024 and the multi-annual business plan. They reflect the sustained growth of the bank’s core business: an accelerating rate of membership and historic credit production. With the 0% risk weighting of local authorities, the quality of the AFL signature in capital markets improves further and will allow it to strengthen its competitiveness in financing local public investment”, states Yves Millardet, Chairman of the Executive Board of AFL.

    The cost of risk is intrinsically low in AFL’s model

    AFL’s cost of risk is intrinsically limited due to its model as a public development credit institution, the company’s prudent management and the excellent solvency of local authorities. As an example, AFL has zero exposure to stage 3 (default status) assets.

    At June 30, 2024, the cost of risk relating to ex-ante impairment for expected losses on financial assets under IFRS 9 was a charge of €255 thousand (compared with a charge of €71 thousand at 30/06/2023).

    This rise in the cost of risk is mainly attributable to higher asset volumes, and to a lesser extent, to revisions made to the assumptions used for determining the economic scenarios by asset class, to account for the deterioration of macroeconomic and geo-strategic risks.

    The operating income stands at €2,645 thousand (€3,797 thousand as of June 30, 2023). This led to a rise in the cost/income ratio to 73.1% (68.2% as of June 30, 2023). Relative to credit volumes, operating expenses account for 19 basis points; this is a 1 basis-point improvement compared to December 31, 2023, confirming the efficiency of our model.

    Financial strength

    The highlight event for AFL during the period was the ACPR (Supervision and Resolution Authority)’s decision on June 21, 2024 (and published on July 3, 2024) to change the credit risk weighting of exposures to French local authorities from 20% to 0%. This decision is applicable to municipalities, departments, regions and EPCI (with specific tax status), and has generated a significant facial increase for the AFL Group’s solvency ratio.

    Furthermore, following its decision on June 21, 2024, the ACPR supervisory college announced that the debt issued by AFL would qualify as HQLA1 if the percentage of the credit granted by AFL to local authorities with 0% weightings is above 90% of its outstanding credit. Exposure to French local authorities with 0% weightings stands at 94.9% as of June 30, 2024 – which is largely above the minimum threshold of 90%.

    • The CET1 solvency ratio (consolidated) stands at 77.7% (13.23% at 31/12/2023);
    • The leverage ratio, calculated using the methodology applicable to public development credit institutions, was 9.69% (compared to 8.86% as of 31/12/2023 and for a regulatory limit of 3%);
    • The banking leverage ratio stands at 2.42% (2.24% as of 31/12/2023);
    • The liquidity coverage ratio (LCR) stands at 622%, above the regulatory limit of 100%;
    • The net stable funding ratio (NSFR) stands at 171%, above the regulatory threshold of 100%;
    • The 12-month internal liquidity ratio (NCRR) came to 98% at 30 June 2024, corresponding to a liquidity reserve of €2.1 billion. This will allow AFL to meet all its needs for almost 12 months without having to turn to the market.  

    Post-closing events

    • Since the end of H1 2024, on July 18, 2024, AFL tapped its bond maturing on March 20, 2034, by €250 million with a narrower margin of 23 basis points over the OAT rate. This narrower margin stems from the HQLA1 classification of the debt issued by AFL (cf. ACPR decision explained above).
    • As of August 31, 2024, AFL’s medium- and long-term loan production was €831 million, confirming its steady and solid growth.
    • A further capital increase was carried out by the Board of Directors of AFL-ST on September 25, 2024, to allow new local authorities to gain membership.
    • On September 4, 2024, AFL published the credit ratings assigned by Fitch Ratings: AA- (stable outlook) for mid-and long-term debt and F1+ (stable outlook) for short-term debt. At the same time, for purposes of methodology, Moody’s was asked to delete all ratings and assessments it had completed on AFL.
    • To continue to support the growth momentum of its loan portfolio and to address demand from its members, while maintaining high levels of equity capital, AFL is looking into the possibility of issuing super subordinated debt in the near future, market conditions permitting.

    AFL credit rating at 25 September, 2024

      Fitch Ratings Standard & Poor’s
    Long-term rating AA- AA-
    Outlook Stable Stable
    Short-term rating F1+ A-1+

    AFL’s Management Board signed off on AFL’s interim financial statements2for the first half of 2024 on September 10, 2024. At its meeting on September 25, 2024, chaired by Sacha Briand, AFL’s Supervisory Board approved AFL’s interim financial statements.
    At its meeting on September 25, 2024, chaired by Marie Ducamin, the Board of Directors of AFL-ST, the Société Territoriale (parent company), approved AFL Group’s consolidated interim financial statements.

    The Statutory Auditors conducted a limited review of the concise interim parent company and consolidated financial statements for the period from January 1, 2024 to June 30, 2024, and their reports are available at:
    http://www.agence-france-locale.fr

    This press release contains certain forward-looking statements. Although AFL Group believes that these statements are based on reasonable assumptions as of the date of this press release, they are inherently subject to risks and uncertainties, relating in particular to the impacts of the war in Ukraine and the resulting economic crisis, which may cause actual results to differ from those indicated or implied in these statements.

    AFL Group’s financial information for the first half of the year consists of this press release and the report available on the website:

    https://www.agence-france-locale.fr/actualite/first-half-year-2024-results/

    About Agence France Locale

    “Embody responsible finance and empower local authorities to respond to the present and future needs of their inhabitants.”
    “By creating the first bank that we wholly own and manage, we, the French local authorities, have taken a strong political step toward decentralization. Agence France Locale is unlike any other financial institution. Created by and for local authorities, it acts in a local context to strengthen our freedom, our ability to develop projects and our responsibility as public actors. Its culture of prudence safeguards us against the potential dangers posed by the complexity and depth of its governance and conflicts of interest. Its fundamental objective is to offer local authorities access to resources on the best terms and with complete transparency. We are guided by the principles of solidarity and equity. Convinced that we will go further together, we wanted an agile institution that would appeal to all authorities, from the largest regions to the smallest municipalities. We see profit as a way to optimize public spending, not an end in itself. Through AFL, we support a local environment committed to addressing social, economic and environmental challenges. AFL strengthens our power to act, to carry out projects locally, for today and tomorrow, for the good of the people who live there. We are proud to have a bank that expresses growth as we see it, ever more responsible and sustainable. We are Agence France Locale.”

    More information can be found on http://www.afl-banque.fr         

    1The decree of July 15, 2024 amending the Code Général des Collectivités Territoriales (French Law for Regional and Local Authorities) states that local authorities wishing to become members of AFL must ensure that the risk appetite framework set by the banking institution includes a minimum equity capital threshold of at least 1.7 % of total exposure.
    2 During the first half of 2024, AFL purchased office space through its subsidiary Agence France Locale Foncière. This property will house AFL’s headquarters from 2027.

    Attachment

    The MIL Network –

  • MIL-OSI: Virtune AB (Publ) announces its expansion into France through the listing of Virtune Staked Solana ETP on Euronext Paris

    Source: GlobeNewswire (MIL-OSI)

    Paris, 26th of September 2024 — Virtune, a Swedish regulated digital asset manager and issuer of crypto Exchange Traded Products (ETPs) based in Stockholm, Sweden, announces its expansion into France through the listing of its Virtune Staked Solana ETP on Euronext Paris.

    With strong traction and consistent inflows in the Nordic regions driven by increasing interest and crypto adoption, expanding into France is a strategic milestone for Virtune. Virtune has since its inception in May 2023 been growing rapidly in the Nordics where it has listed a total of 12 products and reached more than 31 000 investors in its products in just about one year.

    The key success factors have been an educational focus, a transparent market approach and through its regulated status. This move not only addresses growing investor enthusiasm but also enhances our market presence across Europe.

    Christopher Kock, CEO of Virtune, stated:

    “We are thrilled to expand into France with the introduction of our Staked Solana ETP to the French investor community after its successful launch in the Nordic markets. Since our inception in May 2023, we have worked tirelessly to drive crypto adoption through educational efforts in the Nordics and we are excited to extend these efforts to the French financial market. This ETP provides investors with enhanced exposure to Solana, one of the leading and most influential blockchains globally, while also offering additional returns through included staking.”

    About Virtune Staked Solana ETP
    Virtune Staked Solana ETP provides exposure to Solana combined with the benefits of staking. With staking incorporated, the ETP offers an additional annual return of approximately 3% on the investment made in the ETP, while at the same time offering an attractive annual fee of 0.95%.

    Like all of Virtune’s ETPs, Virtune Staked Solana ETP is 100% physically backed and fully collateralized, is denominated in EUR for the French audience and is available on brokerage platforms. Virtune uses Coinbase as the crypto custodian where the underlying SOL tokens are being stored with highest institutional grade security in cold-storage. The underlying SOL tokens are being staked directly from cold-storage and the staking rewards are being reflected in the daily price of the ETP.

    Key Product Information:

    Exposure to Solana with approximately 3% annual return through staking
    100% physically backed by SOL
    0.95% annual management fee
    Non-custodial staking

    Virtune Staked Solana ETP:

    Trading Currency: EUR
    First Day of Trading: Tuesday, 17th of September 2024
    Euronext Exchange Ticker: VRTS
    Bloomberg Ticker: VIRSOL
    ISIN: SE0021309754
    Exchanges: Euronext Paris, Euronext Amsterdam, Nasdaq Stockholm

    About Virtune AB (Publ)
    Virtune is a registered financial institution with the Swedish Financial Supervisory Authority (FSA) for trading and managing digital assets and has an approved EU Base Prospectus, renewed with the Swedish FSA on April 5, 2024 which has enabled Virtune’s strategy of listing ETPs on regulated European exchanges. Virtune’s mission is to provide seamless access to crypto assets for both institutional and retail investors through innovative ETPs, transparency, and education.

    Virtune has a wide offering of crypto ETPs that includes Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune Crypto Top 10 Index ETP, Virtune XRP ETP, Virtune Chainlink ETP, Virtune Avalanche ETP, Virtune Staked Polkadot ETP, Virtune Staked Polygon ETP, Virtune Arbitrum ETP and Virtune Staked Cardano ETP.

    About Solana
    Solana is a high-performance blockchain platform designed to offer fast and scalable decentralized application operations and cryptocurrency transactions. By using a unique consensus mechanism known as Proof of History (PoH) along with Proof of Stake (PoS), Solana can handle thousands of transactions per second with low transaction costs, which is a significant improvement over older blockchains like Bitcoin and Ethereum. This combination of technologies not only allows for instant transaction verification but also a significant increase in network throughput without compromising security or decentralization.

    About staking
    Staking enables crypto asset owners to earn passive income by participating in the validation and confirmation of transactions on a blockchain through a process known as Proof of Stake. This mechanism is a fundamental component of Proof of Stake blockchains, like Ethereum and Solana, and plays a vital role in ensuring the security and authenticity of blockchain transactions. To facilitate a transaction on the blockchain securely and accurately, a validator must stake a certain amount of crypto asset as a guarantee of the transaction’s legitimacy.

    The validator aims to stake as much crypto assets as possible to increase the likelihood of receiving rewards, which are paid out in the same type of crypto asset that was staked. For instance, if you stake Solana, you receive additional SOL tokens as a reward. The annual reward percentage for staking can vary and may range from 0-14% or higher for some blockchains. Most crypto asset holders cannot act as validators themselves, as it requires significant amounts of crypto assets. Therefore, many choose to stake their assets through an established and trusted validator. Virtune includes staking rewards in its products that have ‘staked’ included in their names.

    Flow Traders will act as the market maker for the ETP, ensuring that French investors can access the product easily and efficiently during Euronext market hours.

    Stockholm, 26th of September 2024

    For further inquiries, please contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Email: hello@virtune.com

    About Virtune AB (Publ)
    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.

    With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at http://www.virtune.com.

    The MIL Network –

  • MIL-OSI Translation: OCE Profiles – September 2024

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    Are you looking for a tourism specialist? Check out the profiles of these three experienced candidates:
    With nearly 20 years of professional experience in the business travel sector, this expert has proven herself within large groups. Throughout her career, her recognized organizational skills have enabled her to establish lasting and qualitative collaborations with both her clients and her business partners.
    Key skills

    Complete coordination of business travel for over 100 employees (visa applications, transportation tickets, accommodations, transfers, etc.) Negotiation and maintenance of numerous annual contracts with local and international travel partners to improve the quality of services and save on overall travel expenses Management of the review and approval process for all travel expense reimbursement requests Collection and analysis of company travel data for ad hoc, quarterly and annual business travel reports

    Trainings

    December 2023: Certificate in Corporate Travel Execution (CCTE), Online Course, Global Business Travel Association (GBTA) October 2023: Certificate in Advanced Principles of Corporate Travel Management, Online Course, Global Business Travel Association (GBTA)

    LANGUAGES

    Russian: mother tongue English: excellent knowledge French: good knowledge

    Fascinated by travel since childhood, this travel advisor with 25 years of experience in this sector has visited more than 35 countries throughout her career! She wishes to continue to make her solid knowledge and skills available by advising a clientele with a desire for escape and discoveries that are both varied and atypical.
    Key skills

    Informed and tailor-made advice to a diverse and demanding clientele, preparation of quotes and administrative follow-up in its entirety Creation of precise and useful “travel diaries” (electronic and paper) for travelers Effective management of unforeseen events, rapid research and proposals for alternative solutions Achievement of quantified objectives and active participation in the development and visibility of the agency/company during promotional events

    Trainings

    1998: GDS Galileo certificate, IATA, Geneva 1996-1997: IATA travel agent diploma, Geneva

    LANGUAGES

    French: mother tongue English: good knowledge Italian: excellent knowledge

    With 10 years of experience in the travel industry, this professional prioritizes high-quality listening and communication with her clients in order to satisfy them beyond their expectations. Creative and determined, resistant to pressure, she excels at quickly finding realistic and effective solutions.
    Key skills

    Rapid identification of customer needs and delivery of advice or solutions tailored to their desires and budget Complete and personalized operational management for all types of travel (air, rail, car and hotels). Monitoring of travelers throughout their trip Identification and proposal of price optimizations. Interface with suppliers or service providers Handling of disputes and complaints to the satisfaction of all parties

    Trainings

    2017 – various training courses: Baggage Services Training / Branding

    LANGUAGES

    Spanish: mother tongue English: bilingual French: perfect knowledge Are you interested in one of these candidate profiles? Would you like to discover others? Contact the OCE Employers Department:oce.de@etat.ge.ch

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

    MIL Translation OSI

  • MIL-OSI Asia-Pac: Postal services to Cayman Islands subject to delay

    Source: Hong Kong Government special administrative region

    Postal services to Cayman Islands subject to delay
    Postal services to Cayman Islands subject to delay
    **************************************************

         Hongkong Post announced today (September 26) that, as advised by the postal administration of Cayman Islands, due to the impact of severe weather, mail delivery services to the Cayman Islands are subject to delay.

     
    Ends/Thursday, September 26, 2024Issued at HKT 14:35

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Enhanced scrutiny, tech help protect cultural relics

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

    China’s continued efforts in safeguarding its cultural relics have achieved fruitful results, thanks to coordinated measures adopted by various departments.

    In the past two years, the country has successfully solved over 1,200 cases of cultural heritage crimes and apprehended more than 3,500 criminal suspects, according to a news conference held on Wednesday by the State Council Information Office.

    More than 3,100 “precious cultural relics” — those rated as national first-, second- and third-grade relics — and over 470,000 other cultural relics have been recovered during the same period, it said.

    Guan Qiang, deputy director of the National Cultural Heritage Administration, said a special action plan to combat and prevent cultural heritage crimes was implemented in September 2022 following the National Interministerial Joint Meeting on the Safety of Cultural Relics. The action plan is effective for three years.

    “We will further intensify scrutiny on crimes involving cultural relics by taking decisive action against major instances of such violations and safety incidents, reinforcing disciplinary accountability, and encouraging local authorities to effectively fulfill their obligations,” he said.

    Remote-sensing satellites, big data analysis and other advanced technologies will be more widely used to promptly detect illegal activities, thereby ensuring the effective preservation of cultural relics, Guan said.

    For example, remote-sensing satellites have been used this year to monitor all UNESCO World Heritage Sites and national-level cultural heritage sites under key protection in China.

    China is home to 767,000 immovable cultural relics, such as ancient architecture, historical monuments and archaeological sites, and about 108 million State-owned movable cultural relics such as artifacts curated by museums, according to the third national census on cultural relics, which was completed in 2011.

    Guan said the fourth national census, which started in November, has rechecked about one-third of these registered immovable relics, and as of last week, around 18,000 such relics have been newly discovered.

    More than 5,000 well-equipped teams comprising 45,000 well-trained personnel have been mobilized to ensure the accuracy and reliability of the census. “Various academic programs can be launched thanks to this large-scale investigation,” Guan said.

    As heritage architecture makes up about 53 percent of China’s immovable cultural relics, Deng Chao, director of the heritage administration’s department of cultural relics and historical sites, said that meticulous preservation of such architecture is among the priorities in the ongoing endeavor to safeguard cultural relics.

    The huge number and rich variety of heritage architecture in China presents challenges for conservators.

    Deng said that improving the surrounding environment is an essential step in conservation efforts, as it enhances the high-quality development of local communities and contributes to rural vitalization.

    Concerted efforts have been made in recent years to establish a system to prevent and mitigate the impact of natural disasters on heritage architecture.

    Since 2012, the fiscal expenditure of the central government has been used for the renovation of about 1,000 heritage structures that were registered as national-level cultural heritage sites under key protection.

    In addition, special public welfare funds and bonds, among other measures, have been initiated by the central government to ensure upkeep of heritage structures with lower protection levels.

    MIL OSI China News –

  • MIL-OSI Economics: AIIB’s Global Membership Grows to 110

    Source: Asia Infrastructure Investment Bank

    The Asian Infrastructure Investment Bank (AIIB) has grown to 110 approved Members after its Board of Governors voted in support of the application of the Republic of Nauru during the Bank’s 2024 Annual Meeting.

    “The addition of Nauru as a regional Member strengthens the AIIB community and supports our collective mission to finance Infrastructure for Tomorrow,” said Jin Liqun, AIIB President and Chair of the Board of Directors. “AIIB is committed to our Members’ sustainable development and together we will work on priority projects within our clearly defined thematic priorities to drive long-term sustainable growth.”

    About AIIB

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

    MIL OSI Economics –

  • MIL-OSI: Rising Star of 2049: WEEX’s Journey from Bear Market Origins to $5 Billion Daily Trades

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — TOKEN2049 Singapore kicked off in full swing at the iconic Marina Bay Sands in Singapore. Just 3 minutes walk away from the TOKEN 2049 event venue. Attendees relished complimentary beverages and engaged in networking. Among them were influential figures poised to shape the destiny of multibillion-dollar ventures.

    What unfolded was the Crypto Millionaire Gala orchestrated by WEEX, an event where influencers, blockchain entrepreneurs, and crypto enthusiasts like ⓧ Cyphereus Prime, Crypto Banter and Chiitancoin came together to forge connections and network and explore wealth-building opportunities in 2024. WEEX served as a platform linking different resources, showcasing its growing reputation as a rising star in the crypto world.

    Celebrating WEEX’s Impressive Journey

    “At WEEX, the slogan ‘Where new wealth is made’ is not just words – it is exactly what WEEX doing.” said Andrew Weine, WEEX’s VP, during the gala. Since WEEX’s birth in 2018 , which was a significant year of bear market. WEEX has made significant progress.

    By 2022, the daily trading volumes of WEEX reached $5 billion, serving over 500,000 users globally, registering a monthly growth rate of 100%, and securing critical licenses, including U.S. MSB License, SVG FSA License and Canada MSB License.

    Today, WEEX safeguards 5 million portfolios, offers 400+ futures trading pairs, and has grown exponentially during tough market conditions. 88% of the population of the world are now able to use WEEX’s platform to make financial opportunities accessible to all.

    What Strives the Growth of WEEX?

    WEEX’s rise in six years is due to various factors, especially its platform token, WXT, which transforms traditional trading.

    WXT not only reduces trading fees but also includes the Protection Fund, Team Incentives, Brand Promotion, Partner Ecosystem Fund, and User Acquisition Campaign.

    Holders of WXT enjoy perks like free airdrops on WE-Launch with an impressive 88.71% APY. Holding WXT unlocks benefits such as 0% futures trading fees and increased profit sharing. WEEX ensures WXT’s value through regular buybacks and burns, reflecting our commitment to transparency and sustainable growth.

    Fostering Innovation through Partnerships

    At WEEX, it’s more than just an exchange; it’s about fostering innovation and growth for partners. Strategic partnerships are vital in advancing the mission. By providing project listing budgets, fostering a collaborative environment through community, and offering comprehensive promotion strategies, the success and visibility of projects listed on the platform are ensured.

    Embracing a Bright Future Together

    The Crypto Millionaire Gala marks a milestone in the development of the WEEX Exchange Empire. As the journey continues, building partnerships and creating wealth for users, the future of WEEX looks brighter than ever. WEEX is more than a platform; it’s a community of innovators, traders, and visionaries. With a commitment to growth, transparency, and partnership, lives are being changed globally by opening doors to financial opportunities.

    Whether a project owner, a seasoned trader, or someone aspiring to be a crypto success story, WEEX is here to support on this transformative journey. Together, the landscape of wealth creation is being reshaped.

    About WEEX

    Founded in the bustling metropolis of Singapore back in 2018, WEEX Exchange has emerged as a leading global cryptocurrency platform. In just half a dozen years, WEEX has cultivated a thriving user base surpassing 5 million and boasts a daily trading volume exceeding $200 million. Offering over 400 trading pairs and trailblazing zero trading fees for new token launches, WEEX has rightfully earned acclaim across the industry for its innovative approach and unwavering commitment to excellence.

    For more information:
    Website: https://www.weex.com/
    Media Inquiries: market@weexglobal.com
    Customer Support: support@weex.com
    WEEX Exchange WE-Launch: https://www.weex.com/WE-Launch

    Disclaimer: This content is provided by WEEX. 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.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/dc93c429-4e65-4249-9f4c-634c02b9d34d
    https://www.globenewswire.com/NewsRoom/AttachmentNg/aca6bf0d-4001-4b04-a048-161c99e57dd3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/37e8b1bf-b084-4067-b5a3-52dfcc044c72

    The MIL Network –

  • MIL-OSI Translation: Government announcement of 26 September 2024

    MIL OSI Translation. Region: Italy –

    Source: Switzerland – Canton Government of Grisons in Italian

    The government has granted the Chur Unihockey and Piranha Chur associations a cantonal contribution from the special sports funding of up to CHF 135,000 per year for the three-year pilot project for the professionalization of large clubs in Graubünden. The project is based on the desired professionalization of the two National League A floorball associations in the course of the planned merger of the associations. Specifically, this is to be achieved through the appointment of a director or sports manager. The establishment of the new large association is planned for autumn 2024. The decision to contribute to this pilot project is subject to the approval of the merger by both existing associations.

    The management of large sports associations in Graubünden and throughout Switzerland is predominantly undertaken by voluntary board members. They are often supported by a secretariat that performs purely administrative tasks and is managed on a subsidiary basis. However, in addition to professional and family obligations, the large commitment to the associations usually leads to a more or less significant overload of the board members. This does not lead to significant progress in the development of the association. Such inefficient management and the scarcity of resources jeopardize the function of large associations as models, places of social cohesion, training centers and performance centers. However, professional operational management does not compete with volunteering, but rather strengthens it. The pilot project aims to gather valuable experience to test whether investments in a more efficient management can be refinanced through increased revenue and whether improved management of the association pays off from a sporting and organizational point of view for members and employees. The findings should pave the way for optimizing structures within other sports associations, so that volunteer work becomes attractive again in terms of content and feasible in terms of time. According to the submitted project, the total costs for the three-year pilot phase amount to 960,000 francs.

    Chur Unihockey and Piranha Chur on the occasion of the 2023 association day held together / © Chur Unihockey

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

    MIL Translation OSI

  • MIL-OSI Australia: Council of Academic Public Health Institutions Australasia 2024 Preventing Violence Hackathon

    Source: Australian Ministers for Social Services

    *Check against delivery*

    Good afternoon everyone and thank you for having me here today.

    I begin by acknowledging the Traditional Owners of the land on which we meet and acknowledge their custodianship.

    I pay my respects to the Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples here today.

    I would also like to take this opportunity to acknowledge anyone here who has lived or living experience with family, domestic, and sexual violence.

    The voices of victim-survivors are central to all our efforts, and I offer my deepest thanks to those who share their experiences as a platform for change.

    I would also like to recognise here with us today:

    • Holly Donaldson, CAPHIA Executive Director and the CAPHIA Board of Directors
    • Lisa Hall, Sheelagh Lawler, Rebecca Johnson and the University of Queensland Public Health team
    • Associate Professor Courtney Ryder, Injury Prevention Discipline Lead at Flinders University and CAPHIA Board Member and Director
    • Jack Feng, Chief Student Entrepreneur, University of Queensland, Mindmuse.care Co-Founder, and
    • Damian Topp, Challenge DV Board Member, Chief Executive Officer PA Research Foundation.

    As we all know, family, domestic and sexual violence is an issue that remains pervasive within our society.

    It has long term and far-reaching impacts – affecting children, families, friends, work colleagues, communities and society as a whole.

    Ending violence requires sustained and collective efforts across all parts of society.

    The Commonwealth, State and Territory Governments in Australia have committed to these efforts through the National Plan to End Violence against Women and Children.

    This is our national policy framework which seeks to end violence against women and children within a generation.

    Within the National Plan, family, domestic and sexual violence is called out as a health issue.

    Victim-survivors may experience physical injuries including lifelong disability and increased pain, as well as mental health issues such as anxiety, depression, fear.

    These issues will no doubt continue to affect them throughout their lives.

    Viewing family, domestic and sexual violence through a public health lens presents the opportunity to understand its multifaceted nature.

    It also helps us to better understand the significant and often lifelong health and wellbeing impacts for victim-survivors, family members and communities.

    Family, domestic and sexual violence is preventable when addressed within a systemic framework.

    In 2022, the Albanese Labor Government appointed the first federal Domestic, Family and Sexual Violence Commissioner, Micaela Cronin.

    Commissioner Cronin just last month tabled her first yearly report to Parliament. The report noted that of workforces that respond to domestic, family and sexual violence, 90 per cent are medical professionals and allied health workers.

    Health services which are person-centred, trauma informed and coordinated across public health services with other support services can enable effective support and treatment while ensuring safety is a priority.

    And importantly at this conference, we can consider what can be done to enhance healthcare workers’ knowledge of family, domestic and sexual violence.

    Because we know that primary health care professionals are often a first point of contact, and therefore play a vital role in prevention, early identification and responding to family, domestic and sexual violence.

    It’s vital to look across all service support systems and how they interact to support those that need help.

    As I stand here at a university, it would be remiss of me not to mention the important role universities play when it comes to ending gender-based violence.

    As with all workplaces, universities also have an important role in reducing, preventing and responding appropriately to sexual harassment and violence.

    The Albanese Government recently introduced legislation to establish an independent National Student Ombudsman to investigate student complaints and resolve disputes with universities, including in relation to sexual assault and sexual harassment.

    A National Higher Education Code to Prevent and Respond to Gender-based Violence will also be established.

    Universities also have a critical part to play in furthering the research and evidence we need.

    Everyone across our community has a part to play and I commend the students and judges participating in these Hackathon pitches, and all of you here today – students, academics and educators – for your work and your interest in this important issue.

    I encourage you all to think broadly about how we can prevent gender-based violence, knowing that where a person interacts with a service – be it a GP, a counsellor, or a police officer – might be one of the only opportunities we have to help them.

    I look forward to getting feedback from these pitches, and hope you enjoy the rest of the forum.

    Thank you.

    MIL OSI News –

  • MIL-OSI Australia: Invasive animals removed to protect Barrington Tops World Heritage Area

    Source: New South Wales Environment and Heritage

    The park will reopen on Friday 27 September following the removal of invasive animals including pigs, rabbits, hares and horses from critical areas of the park through aerial and ground shooting operations.

    Part of the park has been closed for 4 weeks during the operation, with public alerts on the NPWS website, onsite signage and standard notifications in place.

    Barrington Tops National Park is a world heritage listed area. Invasive animals are one of the major threats to its unique plants and animals.

    These animals have been damaging fragile sub-alpine areas across Barrington Tops, leading to the destruction of native plants, soil erosion and degradation of habitat for endangered species such as the broad-toothed rat and endangered orchid species.

    There have also been risks to the public, including incursions into campgrounds and popular walking areas.

    The operation focussed on areas of the park where invasive animals pose the greatest risk to world heritage and other values. This included aerial shooting in and around the sensitive Phytophthora quarantine area to reduce the potential spread of this soil-borne pathogen.

    The recent program follows NPWS’ efforts throughout the year to remove invasive animals such as pigs, foxes, wild dogs, deer, cats, rabbits and hares from the national park by methods such as ground trapping, baiting and ground and aerial shooting.

    NPWS will seek interest from individuals and organisations interested in rehoming horses from the park and, subject to interest, will undertake trapping for rehoming in 2025.

    Visitors can keep up to date with the most recent update in all lands managed by NPWS: Alerts for NSW National Parks.

    MIL OSI News –

  • MIL-OSI Australia: Government boosts access to the contraceptive pill at pharmacies across NSW

    Source: New South Wales Premiere

    Published: 26 September 2024

    Released by: The Premier, Minister for Health, Minister for Women

    Thousands of women across NSW will have easier, more affordable access to the oral contraceptive pill as a 12-month trial is made permanent by the Minns Labor Government.

    Since the oral contraceptive pill trial began in September 2023, more than 500 pharmacies have delivered over 2,000 consultations to women in NSW.

    From Saturday 28 September 2024, NSW pharmacists who have completed the required training and work in pharmacies with suitable facilities will be able to offer this service as part of their usual business.

    Women who have been using these contraceptive options continuously for the last two years, as prescribed by a doctor (GP) or nurse practitioner, and require a refill of their script, will be able to access extended supply for up to 12 months without having to visit their doctor for a prescription.

    The NSW Government will make the existing service more accessible by expanding patient age eligibility criteria from 18-35 years to 18-49 years. Women aged 40-49 will now be able to access extended supply for up to three months without having to visit their doctor for a prescription, subject to meeting eligibility criteria.

    The announcement follows the successful implementation of the first phase of the NSW Pharmacy Trial in May 2024, which saw more than 3,300 NSW pharmacists provide more than 18,000 consultations to women aged 18 to 65 with symptoms of uncomplicated urinary tract infection (UTI).  The UTI service transitioned to usual pharmacy care from 1 June 2024.

    The third and final phase of the trial allowing pharmacists to manage common minor skin conditions is underway and will be running until early 2025.

    A detailed evaluation of all three phases of the NSW Pharmacy Trial will be provided to NSW Health in 2025 and will inform future expansion of services.

    The NSW Government is committed to expanding the role of community pharmacists outside the trial framework, and is working with NSW universities to develop formal training courses for pharmacists to manage a range of common conditions where clinically appropriate. 

    Quotes attributable to Premier Chris Minns:

    “We know that people across NSW are doing it tough right now, even cutting back on essential healthcare because of affordability.

    “This trial has been a huge success, and now we’ll make it permanent – women who are eligible will be able to go to their pharmacist to renew an existing script.

    “At a time when seeing a GP can be difficult, we hope that this service will make it a little bit easier for women to access affordable healthcare, where and when they need it.”

    Quotes attributable to Minister for Health Ryan Park:

    “I am excited to announce that women in NSW will now have easier ongoing access to continue their chosen contraceptive option as a result of the oral contraceptive pill trial service becoming usual business for community pharmacies in NSW.

    “It has been amazing to see over a thousand pharmacists across the state sign up to take part in each of the trial’s three phases so far, and this has prompted us to look at more ways they can help our communities.

    “Earlier this month, the NSW Government announced thousands of people across NSW will in the near future be able to access treatment for ear infections, wound management, gastro, acne, muscle and joint pain at their local pharmacy, boosting access to fast, convenient healthcare across NSW.

    “By empowering pharmacists to undertake consultations for these common conditions and medications, we can help improve access to primary care services which will relieve the pressure on the state’s busy GPs and our hospital system.

    “We are working with the Pharmacy Guild of Australia and Pharmaceutical Society of Australia to ensure pharmacists have the support they need to continue delivering best practice and connected primary care.”

    Quotes attributable to Minister for Women Jodie Harrison

    “Women’s timely access to quality health services, their health needs and sexual and reproductive health is a priority for the NSW Government.

    “Making the trial permanent is a real win for women in NSW, who, if eligible, can now access the contraceptive pill at their local pharmacy. It not only increases accessibility, it saves time and GP costs, for busy women in our state.”

    Quotes attributable to Catherine Bronger, Senior Vice of President of the Pharmacy Guild of Australia, NSW Branch:

    “With our GPs stretched, community pharmacists have provided thousands of women with repeat prescriptions of the oral contraceptive pill under the NSW Government’s trial.

    “Making the availability of the pill at community pharmacies is the right thing for women and our communities.”

    Quotes attributable to Pharmaceutical Society of Australia New South Wales President Luke Kelly:

    “Pharmacists across New South Wales continue to show that we can do more to support our patients. Giving our patients the option to access contraception through skilled community pharmacists is an important step in making reproductive care more accessible to women across the state.

    “I congratulate the Minister on solidifying the role of pharmacists in the continuous supply of oral contraceptives as a permanent part of the New South Wales health care system.”

    MIL OSI News –

  • MIL-OSI Australia: NSW Government delivers funding to support all recreational fishers

    Source: New South Wales Premiere

    Published: 26 September 2024

    Released by: Minister for Agriculture, Minister for Regional NSW

    The Minns Labor Government has today announced funding of $1.8 million for grants to improve recreational fishing as part of the 2024/2025 Recreational Fishing Trust grants program.

    The NSW Government is committed to supporting recreational fishing and making it more accessible to everyone across the state.

    This is demonstrated in funding for 21 projects that will contribute to the delivery of the Government’s election commitment to make fishing more welcoming to people with disabilities.

    Some of the newly funded projects enabling better access include:

    • $375,000 in the Shoalhaven to repair, refurbish and upgrade five fishing platforms with improved accessibility
    • $98,300 in Hay to allow better and safer access to a local fishing platform and boat ramp
    • $11,035 in Davistown to replace ageing platform and build a pedestrian bridge with disabled access
    • $26,210 in Tumbulgum to provide local fiish cleaning facilities next to the jetty with disabled access
    • $79,500 in Port Macquarie/Hastings for multiple fish cleaning facilities
    • $10,000 for Fishing4All to introduce people with intellectual impairment to fishing 

    In total, 24 projects from external applicants will receive $1.8 million in funding, as recommended by the Recreational Fishing

    NSW Advisory Council. The areas receiving funding cover the following:

    • $717,612 – fishing access and facilities
    • $85,000 – recreational fishing enhancement
    • $552,000 – recreational fishing education
    • $444,000 – aquatic habitat protection and rehabilitation

    The next funding round for Recreational Fishing Trust Grants will open on 6 November and will open up for applications the Government’s new $2 million recreational fishing small infrastructure grant program.

    This new program will make it easier for fishing clubs, community groups and other organisations to apply for funding for grassroots projects.

    As part of the next round, the Government will boost communications with all fishers and clubs so that they know when and how to apply for grants to improve their local areas.

    Minister for Agriculture and Regional NSW, Tara Moriarty said:

    “Fishing licence fees have been put to work to improve the state’s recreational fishing facilities, fishing habitats and opening up fishing to more people.

    “I am pleased to see some significant new facilities being funded to welcome people with a disability into fishing around our state, both inland or along the coast.

    “There are some big and small projects that will benefit many people, including Morisset High School receiving funding for students with disabilities to engage with fishing, to a fly-fishing day for people who have experienced breast cancer in the New England region.

    “The NSW Government is committed to supporting the recreational fishing community and seeing it contribute to regional tourism where it is creating jobs and generating income.”

    MIL OSI News –

  • MIL-OSI Australia: Commissioners appointed to lead consultation with Aboriginal people on agreement making

    Source: New South Wales Premiere

    Published: 26 September 2024

    Released by: Minister for Aboriginal Affairs and Treaty

    The NSW Government is delivering on its election commitment to consult with Aboriginal people about their desire for a treaty process, with the appointment of three commissioners to lead a process with Aboriginal people and communities across NSW.

    The commissioners will lead a 12-month consultation to hear from Aboriginal people. This will include asking whether Aboriginal communities want an agreement-making process with government, and if so, what form that process could take.

    NSW is home to the largest Aboriginal population in Australia. The commissioners will engage with Aboriginal communities across metropolitan, rural, regional and remote parts of NSW, before delivering a report on their findings to the Government.

    The appointees bring with them experience, expertise and connections to Aboriginal people and communities.

    The Government has appointed former senator Aden Ridgeway, academic Todd Fernando and Koori Mail newspaper CEO Naomi Moran to the roles.

    The commissioners have been appointed for a fixed term of two years following an open, competitive process led by an independent Aboriginal advisory panel.

    Consultation about agreement making aligns directly with NSW’s bipartisan commitment to the 2020 Closing the Gap National Agreement signed by then prime minister Scott Morrison and then premier Gladys Berejiklian.

    The Closing the Gap Agreement includes a commitment to formal partnerships and shared decision-making with Aboriginal people to help close the gap faster in areas such as life expectancy, health and education.

    Aboriginal people and communities hold answers to issues they face. When Aboriginal people have a direct say in these issues, the whole community gets better outcomes.

    Over coming months, the commissioners will develop a detailed consultation plan, with consultations to commence in 2025.

    Interstate treaty and agreement-making processes have not been simple nor fast. This is the first step in work that could drive improved outcomes for Aboriginal people, and all NSW taxpayers, so the NSW Government will not be rushing.

    The NSW Government allocated $5 million for this work in the September 2023 budget.

    Find out more about the consultation

    Minister for Aboriginal Affairs and Treaty David Harris said:

    “The appointment of the treaty commissioners is central to the process of listening to Aboriginal people on treaty and agreement-making.

    “The commissioners have been appointed following a rigorous process that attracted strong candidates.

    “We get better outcomes when we listen to the needs of Aboriginal people and communities. We must ensure Aboriginal people have a direct say on matters that affect them.”

    MIL OSI News –

  • MIL-OSI Australia: Condobolin upgrades completed through Roads to Home

    Source: New South Wales Premiere

    Published: 26 September 2024

    Released by: Minister for Aboriginal Affairs and Treaty, Minister for Lands and Property

    Aboriginal communities in  Condobolin are celebrating completion of $2.8 million in essential infrastructure upgrades funded by the NSW Government to support social, economic and employment benefits for the area.

    The Roads to Home program in the Department of Planning, Housing and Infrastructure (DPHI) has funded Condobolin Local Aboriginal Land Council to upgrade infrastructure at the Willow Bend village in Condobolin.

    Infrastructure improvements have included upgraded roads and guttering, footpaths, an amenities block, stormwater drainage and sewerage infrastructure, new streetlighting, new house fencing, upgrades to the community basketball and tennis courts and public gardens, landscaping, a community yarning circle, and a new village entrance sign.

    Upgrades have also occurred to a levee bank at the village which has been reinforced in sections and new flood gates and drainage flaps installed to help control flooding from the nearby Lachlan River.

    The delivery of infrastructure upgrades to normal standards enhances quality of life for residents and improves access to services, including household waste collection, postal delivery, emergency vehicles and community transport.

    A key feature of Roads to Home projects is ensuring there are employment and training opportunities for local Aboriginal communities. The Condobolin project provided training for 10 residents and work for 8.

    The Minns Labor Government has so far committed a total of $173.8 million through the Roads to Home program to enable upgrades in 34 discrete Aboriginal communities.

    Minister for Lands and Property Steve Kamper said:

    “It’s fantastic to see these upgrades delivered to bring infrastructure up to acceptable standards to benefit the residents of the Willow Bend village in Condobolin.

    “Infrastructure upgrades such as these are very important for Aboriginal communities as they improve quality of life and empower residents by supporting better health and safety and facilitating improved access to community services.”

    Minister for Aboriginal Affairs and Treaty David Harris said:

    “The Roads to Home program is correcting an historic injustice where Aboriginal communities on former missions and reserves across NSW were left to fend for themselves without the types of infrastructure and services that communities in the rest of the state take for granted.

    “It is a unique program that takes a partnership approach to empower Aboriginal landowners to make decisions about essential infrastructure upgrades in their communities to improve social outcomes while providing training and employment opportunities.

    “We know there are better Closing the Gap outcomes when local Aboriginal communities and people drive shared decision-making and self-determination.”

    Member for Barwon Roy Butler said:

    “Its always great to see investment in Barwon communities.

    “Things like reinforcing the levee to prevent inundation from the Lachlan river, along with upgrading the roads and building an amenities block, are not luxury items but they bring residents some much needed improvements that make Willow Bend a much better place to live.

    “It has a net benefit to peoples wellbeing when they see investment and improvement in their community”

    Condobolin Local Aboriginal Land Council CEO Louise Davis said:

    “The infrastructure upgrades have made a big difference. The village looks a lot better than it did before and the improvements have given residents ownership and pride in the community.

    “As part of the project, local residents got work and training with machinery including excavators and backhoes, and in fencing. and concreting.”

    MIL OSI News –

  • MIL-OSI Australia: Orange community canvassed on potential rail service improvements

    Source: New South Wales Premiere

    Published: 26 September 2024

    Released by: Minister for Regional Transport and Roads

    The Minns Labor Government has launched engagement to understand community views on future passenger rail services for Orange, with a forum to be held on 31 October 2024.

    The forum, hosted by Transport for NSW, will hear from the Orange and Central West community about transport connections in the region.

    The forum, to be held in the Greenhouse function room at Orange Ex-Services Club, will bring together around 80 key stakeholders including local government, rail groups, Aboriginal bodies and representatives from the education, business and health sectors.

    The forum will be followed by a drop-in session in the afternoon that will be open to members of the community.

    Details will be announced closer to the date.

    Feedback will also be sought from the wider community with around 130 other stakeholders from Orange and the Central West asked to complete a survey about passenger rail services.

    Minister for Regional Transport and Roads Jenny Aitchison said:

    “We are aware there is broad community support for improved rail services to Orange. The NSW Government has listened and is now responding with the next step.

    “Through this targeted consultation process, including a forum at the end of October, we want to gather specific information on community needs, expectations and potential viability of options, to help inform decision making.

    “We know the existing Bathurst Bullet train service provides an important and popular daily return train connection and we are considering all the possible options for Orange and the wider Central West.

    “We are committed to safe and affordable public transport that allows regional people access work, education, health appointments and connect with other transport modes and networks.”

    Independent Member for Orange Phil Donato said:

    “More than 10,000 people signed Orange Rail Action Group’s petition, seeking to improve passenger rail services between the Central West and Sydney.

    “Minister Aitchison has taken active interest in the proposal to initiate a daily return passenger rail service between Orange and Sydney, to meet transport needs of our growing community.

    “I am pleased to see further consideration of the proposal, including vital community consultation to ensure future transport plans and services meet the needs and expectations of the community.

    “I encourage all stakeholders and interested residents to participate in Transport for New South Wales’ consultation event at Orange Ex-Services Club on October 31.”

    Fast facts:

    • Sydney Trains operates a twice daily Intercity service between Sydney and Bathurst on the Blue Mountains Line, which is commonly referred to as the Bathurst Bullet.
    • Sydney Trains Intercity train services are part of the Opal network, where customers can turn up and go and tap on and off to travel. Since 1 July 2024 the Bathurst Intercity train service has been operated by Sydney Trains.
    • NSW TrainLink operates a daily XPT train service between Sydney and Dubbo via Orange and a weekly Xplorer train service between Sydney and Broken Hill via Orange.
    • There are daily NSW TrainLink coach connections to and from Orange to Bathurst that provide connections with Bathurst Intercity services. There are also several coach connections from Orange to Lithgow daily, where passengers join Intercity train services to Sydney.
    • NSW TrainLink operates all regional train and coach services, including those that serve Orange. Advance booking is required on all NSW TrainLink services, including those that connect with Bathurst Intercity services.

    MIL OSI News –

  • MIL-OSI Asia-Pac: Congratulatory Letter from Prime Minister Kishida to President Dissanayake of Sri Lanka[Speeches and Statements]

    Source: Government of Japan – Prime Minister

    [Provisional translation]

    On September 25, Mr. KISHIDA Fumio, Prime Minister of Japan, sent a congratulatory letter to H.E. Anura Kumara Dissanayake, President of the Democratic Socialist Republic of Sri Lanka, following his inauguration on September 23 after the presidential election.

    In his congratulatory message, Prime Minister Kishida expressed his congratulations to President Dissanayake on his inauguration, commended the various efforts that Sri Lanka has been making to overcome the economic crisis, including economic reforms, and expressed his strong hope that Sri Lanka will return to the track of robust economic development as early as possible.

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Associate Minister’s school attendance statement perplexing

    Source: Post Primary Teachers Association (PPTA)

    A statement from the Associate Minister of Education today, about school attendance and when schools are open or closed for instruction, is a little perplexing, says Chris Abercrombie, PPTA Te Wehengarua president.

    Last modified on Thursday, 26 September 2024 18:18

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Cuts to te reo Māori programme disappointing and short-sighted

    Source: Post Primary Teachers Association (PPTA)

    The Education Minister’s decision to axe a te reo Māori teacher professional development programme and use the funds for new primary school Mathematics workbooks is extremely disappointing, concerning and short-sighted, says Chris Abercrombie, PPTA Te Wehengarua president.

    Last modified on Thursday, 26 September 2024 18:11

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Clubs and Ranges Bill passes first reading

    Source: New Zealand Government

    Improvements to the way shooting clubs and ranges are regulated are on the way with the Arms (Shooting Clubs, Shooting Ranges and Other Matters) Amendment Bill passing its first reading says Associate Justice Minister Nicole McKee.

    “The package of reforms in this Bill will enable simple and effective regulation of pistol and non-pistol shooting clubs and ranges, with a focus on public safety.

    “Our clubs and ranges provide a safe environment for New Zealanders to learn, practise, and compete.  Changes imposed in 2020 went beyond what was necessary to keep the public safe and instead jeopardised the future of some ranges.

    “We promised New Zealanders they would be able to have their say on our firearms reforms and with the Arms (Shooting Clubs, Shooting Ranges and Other Matters) Amendment Bill going to select committee, people now have that opportunity.

    The Bill will:

    • maintain the regulatory requirements for pistol clubs and ranges but streamline annual reporting requirements;
    • simplify the regulatory requirements for non-pistol clubs and ranges by replacing the approval and certification systems with a more effective enrolment system; 
    • require non-pistol clubs to be incorporated only if they sell ammunition, unless all ammunition sold by the club is purchased for, and used, on the day of sale at the club range or event and is not taken off the premises;
    • support the operation of temporary non-pistol ranges to enable the holding of club events, as long as the Firearms Safety Authority is informed; and
    • provide certainty about when inspections for compliance can occur and clarify what can be removed when an inspection is conducted, to reduce the burden on operators.

    “Firearms reform is a priority for the Government and today’s announcement delivers on a commitment made in the National-ACT coalition agreement.

    “I encourage everyone to have their say through the select committee process.”

    MIL OSI New Zealand News –

  • MIL-OSI Russia: The International Forum “Russian Energy Week” will present the achievements of the capital’s fuel and energy complex

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    From September 26 to 28, the capital will host the International Forum “Russian Energy Week”. For the first time in seven years, the event will be held at two venues at once. The business program can be visited in the Central Exhibition Hall “Manezh”, and the exhibition of equipment and technologies – in Gostiny Dvor.

    Thus, in Manezh the Moscow Government will present a stand with the achievements of the capital’s fuel and energy complex. The interactive platform will be dedicated to the development of the industry and the use of innovative technologies in it.

    One of the main installations will be an interactive exhibition, thanks to which you can see the appearance of Moscow of the future. Guests will be able to take a quiz, based on the results of which artificial intelligence will generate an image of the city in a few years.

    The stand will also feature a model of the capital, each object of which symbolizes a certain branch of energy or resource supply. When touching the structures, visitors will be able to see videos about the work of fuel and energy complex enterprises, their achievements and development plans. In addition, a 3D model of Moscow will be displayed on the screen, hovering above the ground thanks to the flow of energy.

    Another project is “Elevator to Energy”. An installation simulating a ride in an elevator will introduce modernized thermal power plants, as well as modern electrical substations, gas equipment production, treatment facilities, control centers and communication collectors.

    In addition, guests will be told about the operation of life support systems and shown a visualization of how electricity is transmitted, water flows in pipes, and how digital platforms and control systems function.

    In Gostiny Dvor, the achievements of fuel and energy companies will be presented at the stand of the municipal economy complex. The exposition of enterprises will be of interest to those who want to get to know the industry better. For those who want to find work in this area, information about current vacancies will be posted.

    Thus, JSC “OEK” will recreate a miniature street with smart LED lighting, architectural and artistic lighting, festive illumination and electric charging stations for cars. And GUP “Mossvet” has prepared an interactive exhibition with a screen that demonstrates the organization’s achievements.

    The Mosgaz JSC site is dedicated to the production of gas distribution equipment and heat supply sources. Guests will be presented with models of gas control points, boiler houses and a complex for automating gas distribution systems.

    The main element of the PJSC Mosenergo exposition will be a large multimedia screen, which will show videos about the company’s activities, the operating principles of power plants and environmental protection. In addition, at the information stand, you can learn about the history of the enterprise and its current projects.

    PAO Rosseti Moscow Region will introduce modern equipment and software used in the electric grid complex. Among the exhibits are the OZHUR software package, a model of the new Krasnaya substation, the Electra virtual dialogue office, and others.

    JSC Mosvodokanal will present an exhibition that immerses viewers in the operation of water supply and sanitation systems. An interactive model will allow you to see the movement of water from the water intake to the consumer and back to the water source, and a 3D model of urban development with an augmented reality function will introduce the operation of engineering systems.

    The State Budgetary Institution “IMC” will demonstrate a metrological center for conducting inspections, a system designed for monitoring and servicing common house heat and hot water meters, as well as a unified installation module for metering thermal energy of its own production.

    Only registered participants and delegates of the forum can attend the business program in Manezh. Admission to the exhibition in Gostiny Dvor is free, but a registration.

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

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

    http://vvv.mos.ru/nevs/item/144488073/

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Artistic, robot class and sports grounds: children’s educational center to be built in Maryina Roshcha

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    A private educational center consisting of a kindergarten for 112 children and a primary school for 257 children is planned to be built in the Maryina Roshcha district. The building will be located at Polkovaya Street, Building 1.

    “The total area of the future building will be almost 8.7 thousand square meters. In plan, it has a Y-shape, includes three above-ground floors. Near the building, playgrounds and a sports ground near the kindergarten, a school sports ground, as well as areas for students to relax and hold mass events will be equipped,” clarified the Minister of the Government of Moscow, head of the Department of Urban Development Policy

    Vladislav Ovchinsky.

    The window openings, varying in proportion, and the corner slopes framing them will highlight the building’s appearance. The second and third floors form a single block hanging over the first, creating the effect of a levitating building.

    The kindergarten block includes group, administrative and auxiliary rooms, a lobby, a stroller room, a music room, a gym, and a room for correctional and developmental classes.

    The elementary school block will be equipped with a robotics classroom and other classrooms, universal educational studios, a laboratory and research complex, a playroom, a cafeteria, a medical block, and an art room.

    Mosgosstroynadzor issued a permit for the construction of the educational center at the end of August of this year.

    “After the developer notifies the Moscow State Construction Supervision Committee about the start of construction and installation work, our inspectors will draw up a schedule of on-site inspections that will be carried out at each stage of the construction of the facility. They will involve specialists from the subordinate Expertise Center to conduct research into the quality of the work being carried out and the materials used,” added the Chairman of Mosgosstroynadzor

    Anton Slobodchikov.

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

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

    http://vvv.mos.ru/nevs/item/144479073/

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Running, basketball and fitrock: Muscovites are invited to free cardio workouts

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On September 28 and 29, within the framework of the projects “My Sports District” and “Sports Weekend”, cardio training sessions in running, basketball, table tennis, fitrock and fitness boxing will be held. Muscovites are invited to celebrate World Heart Day. It is designed to draw public attention to health issues and emphasize the importance of preventing cardiovascular diseases.

    City residents will be able to do fitrock, which combines elements of functional and dance training. The training is based on repeating various dance movements and combinations with drumsticks. Classes within the framework of the Sports Weekend project will be held on Saturday from 17:00 to 18:00 at VDNKh, and from 19:00 to 20:00 at the ZIL Cultural Center. On Sunday, they will be held from 17:00 to 18:00 at VDNKh and from 12:00 to 13:00 at the Yuzhny River Terminal. Registration is required on the website.

    In addition, on September 29 at 10:30, as part of the My Sports District project, the final fitness training sessions will take place on the roofs of the district centers Sofia, Angara, Elbrus, and Rassvet. You can sign up for the class through the Dance Fitness form on the website.

    Muscovites are offered to try such a direction as fitness boxing. The lesson consists of a combination of punches and kicks on a punching bag at a fast pace. This training increases endurance and develops coordination. On September 28 and 29, fitness boxing will be held in the Smstretching studio near the Tulskaya metro station from 11:30 to 12:30. You can see the schedule and sign up for the lesson on this page.

    On September 29 at 10:00 in the Olympic complex “Luzhniki”, parks “Sokolniki”, “Severnoye Tushino” and 850-letiya Moskvy, as well as at the addresses: Shirokaya street, building 30 and Zelenograd, building 904, running training will be held. They help improve heart function and increase lung capacity. You can choose a convenient site and sign up for training on the website.

    On September 28, residents of the capital can play basketball and table tennis under the guidance of professional coaches. Basketball training will take place in Severny Khapilovsky Square and at the following addresses: Festivalnaya Street, Building 4, Building 3 (Friendship Park), Bolshaya Gruzinskaya Street, Building 39, Bolshoy Ovchinnikovsky Lane, Building 11, Domodedovskaya Street, Building 22, Building 3, Marshal Golovanov Street, Building 4, Zarayskaya Street, Building 51, Building 2 (Plyushchevo Square). The training will start at 19:00. Muscovites will practice the correct throwing technique, learn to dribble and pass the ball. Basketball develops tactical thinking, agility and attention.

    Table tennis classes will be held in the parks “Sviblovo”, “Kuzminki-Lyublino”, “Dubovaya Roshcha “Mayak”, as well as at the stadium “Avangard” and at the address: Perekopskaya street, house 34, building 2. This sport develops attentiveness and reaction speed. During the training, they practice moving around the court, the accuracy of strikes and game combinations. You can register for basketball and table tennis classes on the website.

    “My Sports District” — one of the flagship projects Department of Sports of the City of Moscow, within the framework of which residents of the capital train under the guidance of professional trainers in courtyards and parks all year round, and in the summer also on the roofs of district centers. Depending on the season, children and adults have access to different sports – for example, in winter, participants go ice skating and learn cross-country skiing.

    The Sports Weekend project offers free yoga, stretching, barre, Pilates, functional and dance training under the guidance of experienced trainers. Classes are held at 13 indoor venues in the capital. Those who prefer to stay at home are invited to online training. You can find out more about the project and follow the news on the website.

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

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

    http://vvv.mos.ru/nevs/item/144486073/

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

    MIL OSI Russia News –

  • MIL-OSI Russia: The improvement of the territory of the Russian Biotechnology University is nearing completion

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Specialists from the city services complex are completing the improvement of the territory of the Russian Biotechnology University in the north of the capital. The work is 80 percent complete, said the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “This year we are improving the territory of the Russian Biotechnology University, which is the flagship of scientific developments in the field of biotechnology and health preservation. Today, the project to create a “Biocity” is being implemented on the territory of the university, and in addition, at the request of students, we are updating the territory so that it becomes more functional,” said Petr Biryukov.

    “Biogorod” is an educational and leisure space where teachers will be able to implement modern teaching practices, and Muscovites will be able to attend various events and educational programs, play sports, and relax. In addition, conditions will be created for the application and demonstration of the results of innovative developments.

    Three functional zones are being created on the university’s territory. The first will appear in the courtyard of the main building for employees and students. There, pavilions for coworking and a lecture hall, a summer open stage with an amphitheater and a media screen, a recreation and self-study area, as well as one small space with a round dry fountain and an amphitheater are being set up. A small sports cluster will appear in the second zone between buildings A and B — table tennis tables and exercise machines have already been installed, a streetball court has been prepared, and an amphitheater is being assembled. A gastropark with recreation areas is being created.

    The third zone, located between the dormitory buildings, the educational building and the residential building, is almost ready. There is a universal area for ball games, next to which a small stand was placed. In addition, there are tables for playing table tennis, a workout area and an area with weight training equipment, a place for playing panna football, a summer terrace and recreation areas.

    In all three zones, flower beds were laid out in which trees, shrubs and cereal plants will be planted.

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

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

    http://vvv.mos.ru/nevs/item/144485073/

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

    MIL OSI Russia News –

  • MIL-OSI China: US political manipulation of human rights issues unpopular worldwide: Chinese FM

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi said in New York on Wednesday the political manipulation of human rights issues by a few countries, such as the United States, is becoming increasingly unpopular across the world.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with United Nations (UN) High Commissioner for Human Rights Volker Turk and multiple countries’ foreign ministers on the sidelines of the UN General Assembly in New York.

    Over 100 countries have voiced their support for China’s position and opposed the politicization of human rights at the 57th session of the United Nations Human Rights Council (UNHRC) held in Geneva on Tuesday, said Wang.

    During the session, nearly 80 countries, including many Muslim nations, delivered a joint statement supporting China, and more than 20 other countries expressed their support in various ways, backing China’s just position when a few countries, including the United States, used Xinjiang-related issues to attack and smear China’s human rights situation.

    The vast majority of Muslim countries have long seen through the tricks of the United States and understand that it is merely using human rights as a pretext to interfere in the internal affairs of China and other developing countries, he added.

    Wang said that the clear support from over 100 developing countries at the UNHRC is not only to defend China’s legitimate rights but also to uphold international fairness and justice, safeguard the common interests of developing countries, and protect the fundamental principle of non-interference in internal affairs in international relations, said Wang.

    Wang pointed out that such action of the United States and its followers once again exposed their double standards on human rights issues to the world. People cannot help but ask: if the United States is so concerned about the human rights of Muslims, why does it continuously provoke or support wars in regions like the Middle East, causing numerous innocent Muslim casualties? Why does it turn a blind eye to the historical injustices faced by the Arab people and not support Palestine in becoming a full member of the United Nations? Why does it fail to play its due role in achieving a permanent ceasefire and full military withdrawal from Gaza?

    The top Chinese diplomat emphasized that this year marks the 75th anniversary of the founding of the People’s Republic of China, and China’s achievements in protecting and promoting human rights are widely recognized, and the development and progress in the Xinjiang Uygur Autonomous Region are evident to all.

    Wang said China is willing to engage in dialogue with all countries on human rights issues on the basis of equality. China’s doors are open to the world, and it welcomes friends from all nations to visit China and see for themselves, he added.

    MIL OSI China News –

  • MIL-OSI China: China will work with Russia to enrich bilateral ties

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi said on Wednesday that China will always stay true to the original aspiration of establishing diplomatic relations with Russia and continuously enrich their comprehensive strategic partnership of coordination for a new era for the greater well-being of people of both countries.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks in a meeting with Russian Foreign Minister Sergei Lavrov on the sidelines of the UN General Assembly.

    The two sides should continue to hold high the banner of multilateralism and promote a more just and rational global governance system with the United Nations at its core, Wang said.

    China will fully support Russia in playing the role as the BRICS chair and ensure the success of the Kazan summit to open a new chapter in the greater BRICS cooperation, he added.

    For his part, Lavrov said that Russia is willing to work with China to push for greater development of bilateral relations.

    MIL OSI China News –

  • MIL-OSI China: Chinese FM urges EU not to politicize trade issues

    Source: China State Council Information Office

    China and Europe share extensive converging interests, and should promote mutual benefit and win-win cooperation, as well as advocate for openness and cooperation, Chinese Foreign Minister Wang Yi said in New York on Wednesday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting Greek Foreign Minister George Gerapetritis on the sidelines of the UN General Assembly in New York.

    Wang expressed hope that the European Union would maintain strategic autonomy and avoid politicizing economic and trade issues.

    On the bilateral ties, Wang urged Greece and China to strengthen the two major ties of civilizational exchange and practical cooperation to deepen their comprehensive strategic partnership.

    For his part, the Greek minister affirmed Greece’s adherence to the one-China principle, support for Europe-China cooperation, and commitment to free trade.

    MIL OSI China News –

  • MIL-OSI China: Xi chairs CPC leadership meeting to analyze economic situation, arrange for economic work

    Source: China State Council Information Office 2

    The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Thursday to analyze and study the current economic situation and make further arrangements for economic work.
    Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. 

    MIL OSI China News –

  • MIL-OSI: The European Investment Fund (EIF) and the Hungarian National Capital Holding (NCH) Launch a €40 Million VC Fund to Strengthen Enterprises with Social and Environmental Impact

    Source: GlobeNewswire (MIL-OSI)

    BUDAPEST, Hungary, Sept. 26, 2024 (GLOBE NEWSWIRE) — The European Investment Fund (EIF) and the Hungarian National Capital Holding (NCH) have launched Impact Ventures III, a €40 million venture capital fund aimed at supporting early-stage, innovative SMEs and startups with positive social and environmental impacts in Hungary and Central Eastern Europe.

    The new fund, which complies with paragraph 8 of the SFDR regulation on sustainability in the financial sector, is being launched in partnership with the National Capital Holding (NCH) and the European Investment Fund (EIF). The fund is once again managed by Impact Ventures Ltd, a specialist in corporate financing for social and environmental purposes, and aims to build on the success of previous investment periods of Impact Ventures I and II VC Funds. The new fund primarily provides VC investment, focusing on niche markets in highly scalable, technology-based key areas such as health and medical technology, education technology, recycling and waste management, as well as clean energy.

    “The successful investment periods of the previous funds demonstrate the need to embrace sustainable business models that deliver significant benefit to society and the environment. It’s a particularly proud moment that EIF has once again chosen us to be their partner in establishing a new VC fund supporting Hungarian and CEE startups,” said Bence Katona, CEO of National Capital Holding.

    “We are very glad to be renewing our collaboration with Impact Ventures and thus contributing to the sustainable development of both the Hungarian and broader European economy. The fund offers a vital new source of financing to a commercially underserved segment of the economy, supporting companies that can ultimately enhance quality of life and environmental protection. Our ongoing collaboration with the National Capital Holding reaffirms that partnerships between EU institutions, the public and private sectors, and financial institutions can serve to accelerate social development and a sustainable economy,” said Roger Havenith, Deputy Chief Executive of EIF.

    In addition to delivering financial returns, the companies are required to achieve measurable social and environmental impacts. To this end, the EIF has developed a unique set of criteria that describes the definition of specific, quantifiable social or environmental objectives for each investment.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/01e85a57-aeaf-46b7-95c9-b254676e6c6a

    The MIL Network –