Category: Asia Pacific

  • MIL-OSI China: IP takes lead in western China’s innovation surge

    Source: China State Council Information Office 2

    An aerial drone photo taken on Sept. 8, 2024 shows a partial view of the Shichengzi photovoltaic power station in Hami City, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]
    The western regions of China have experienced remarkable economic strides in recent years, and one contributing factor to this success is the progress made in intellectual property (IP). Amidst the country’s green transformation and pursuit of high-quality growth, this once-impoverished hinterland has now taken an IP-driven development path.
    The China National Intellectual Property Administration (CNIPA) has recently reported rapid growth in two key IP types in the regions. By the end of September, the number of valid invention patents in the regions reached 493,000, up 16.7 percent year on year. Registered trademarks also rose by 10.5 percent compared to the previous year.
    Such growth has not been easy to achieve. Comprising 12 provincial-level regions, western China covers two-thirds of the country’s land area and is home to over a quarter of its population. A sparsely populated area with limited infrastructure, the western regions have lagged economically compared to the eastern provinces.
    However, in recent years, these regions have actively promoted emerging industries, such as smart manufacturing, new energy vehicles and low-altitude economy, which in China are considered as new quality productive forces with high-value invention patents. Local departments have provided IP guidance and financial support to enterprises within these industries, facilitating their rapid growth and narrowing the gap with the east.
    From innovation to invention
    Some have even taken the lead in the country, such as clean energy technology.
    In northwest China’s Qinghai Province, a vast photovoltaic power generation park has been constructed in the Talatan Gobi Desert, spanning 600 square kilometers. Amidst the solar panels, flocks of white sheep were spotted roaming around.
    A few years ago, Talatan was a barren land. The locals creatively planted grass to prevent sand erosion and installed a large area of photovoltaic panels. The water used for cleaning the panels infiltrated beneath the surface, nourishing the grass. However, the grass growth-induced shade problem caused the solar panels to malfunction.
    To manage grass without chemicals, the park integrated sheep farming — using the animals to control vegetation and contribute to ecological conservation.
    This “photovoltaic sheep” concept, patented in 2018, has boosted the efficiency of local photovoltaic power generation, with the park now generating up to 80 million kilowatt-hours of electricity annually.
    Another example is the China-Laos Railway, which links Kunming, the capital of southwest China’s Yunnan Province, and the Lao capital Vientiane.
    The construction of the cross-border railway was a challenging task due to the complex geological structures along the route. Chinese engineers drilled solid tunnels through delicate mountain terrain and constructed high-pier and large-span railway bridges in earthquake-prone areas. Nearly 30 patents were obtained during the construction process, which has not only greatly improved efficiency and safety but also provided technical references for other major projects in both countries. In October this year, the patent-rich railway has facilitated over 42 million passenger trips since its operation in December 2021.
    The innovative achievements from China’s western regions have also garnered global attention. According to the latest report by the World Intellectual Property Organization, four major cities in the area – Xi’an, Chengdu, Chongqing, and Lanzhou – continue to lead the top 100 science and technology cluster ranking. These cities have further enhanced their industrial concentration, attracting high-quality enterprises and talent, and establishing themselves as significant regional hubs of innovation.
    “The market economy necessitates us to establish advanced technology as our competitive advantage and transform tech achievements into business resources. Therefore, we have chosen the path of IP,” said Wang Shechang, chairman of Xi’an-based China National Heavy Machinery Research Institute Co., Ltd.
    “Protecting IP is not only safeguarding innovation but also utilizing them as a means to enhance value exchange and facilitate the transformation of tech accomplishments,” Wang noted.
    From local to global
    Geographical indications (GI) are also a key element in the winning formula of development in Western China.
    GI is a type of IP that signifies a product’s specific origin and the qualities or reputation linked to that location. It serves as a mark of quality, setting the product apart from competitors.
    The latest data shows that the western region has recognized 931 GI products, accounting for 38.8 percent of the national total, with a direct annual output value of 429.8 billion yuan(60.36 billion U.S. dollars).
    “The brand value has been greatly enhanced as many products have obtained GI labels,” said Dolkun Awut, head of the Xinjiang IP department. “We leverage this advantage to drive the development of the GI industry and contribute to rural revitalization.”
    The Guangxi Zhuang Autonomous Region is a major GI contributor. It has 211 GIs, with a comprehensive output value of over 200 billion yuan and employment for over 5 million people.
    The promotion of GI has also strengthened cooperation between the western region and the world. According to the CNIPA, 36 GI products from the western regions have been included in the first China-EU GI list. In 2021, the two sides signed an agreement to enhance bilateral trade of agri-food products, with recognition and protection of 100 Chinese GIs and 96 EU GIs.
    Taking the wine at the eastern foot of Helan Mountain as an example, since it was included in the first China-EU GI list, the product from northwest China’s Ningxia Hui Autonomous Region has been exported to over 40 countries and regions, and major wine-producing areas in European countries such as Britain and France have imported 228,000 liters of this Chinese wine.
    Western China also places great importance on IP exchanges with neighboring countries.
    In Xinjiang, the local IP department has been providing guidance to Chinese enterprises on marketing in Central Asian countries and helping them improve their ability to handle IP disputes.
    Guangxi and ASEAN countries have established forums and conferences on IP cooperation. They have also collaborated on patent technology transfer within the biomedicine and new energy vehicle industries. Moreover, universities in Guangxi conducted academic IP programs with those in Macao Special Administrative Region and Vietnam.
    China’s GDP saw a 5.2 percent year-on-year increase last year, with the western regions outperforming the national average at 5.5 percent. In this remote but robust area, more enterprises and innovators have valued IP, leveraging their innovations to bolster industries with competitive edges and stimulate better economic growth.

    MIL OSI China News

  • MIL-OSI New Zealand: Unlocking the Potential of Active Ageing

    Source: New Zealand Ministry of Health

    Submissions close Monday, 2 December 2024 5:00pm.

    This document is your first opportunity to contribute to the Ministry’s Long-term Insights Briefing.

    Feedback we receive will help us better shape the topic and questions we explore during the drafting process for the briefing, which will be published in 2025.

    How to have your say

    Public consultation closes at 5pm on Monday 2 December.  You can make a submission in any of the following ways:

    Complete the consultation online

    • Email [email protected] with your completed submission form (docx, 35 KB), including your response to the consultation questions for feedback. 
    • Write your response and mail it to:
      Strategy Group
      Ministry of Health
      PO Box 5013 
      Wellington 6140 

    MIL OSI New Zealand News

  • MIL-OSI Australia: BALUMBAH HILL RD/EYRE HWY , SOLOMON (Grass Fire)

    Source: Country Fire Service – South Australia

    Issued on
    05 Nov 2024 12:53

    Issued for
    SOLOMON near Caralue Bluff, South West of Kimba on the Eyre Peninsula..

    Warning level
    Advice – Monitor Conditions

    Action
    Monitor local conditions and stay informed if you are in this area. Decide what you will do if the situation changes.

    At this time there is no threat to life or property and firefighters are attending this fire.

    More information will be provided by the CFS when it is available.

    MIL OSI News

  • MIL-OSI Australia: Gaming the news: How interactive journalism is changing how we tell stories to the next gen

    Source: University of South Australia

    05 November 2024

    The Ramping Rush game.

    Journalists have long used newspapers, radio, television, magazines and, more recently, the internet to entertain and inform the public on the stories that matter most. But what if there’s a richer, more compelling and interactive way to share and address real world issues?

    A University of South Australia academic is exploring how video games are being developed in journalism as a more interactive way to engage younger audiences and tell impactful stories.

    Dr Ben Stubbs, a senior lecturer in journalism and creative writing at UniSA, has created a news game – Ramping Rush: Ambulance Rescue – to explore one of South Australia’s most important health issues: ambulance ramping.  

    The game was led by UniSA’s Australian Research Centre for Interactive and Virtual Environments (IVE) and developed by computer science and media and literature students from around the world as part of a virtual internship.

    Ramping Rush: Ambulance Rescue is a free and online single-player game that aims to demonstrate the impact of ramping – an issue that has given rise to countless media reports in recent years as the state’s hospital system strains under pressure. Ramping occurs when ambulances are made to queue outside overcrowded hospital emergency departments, leaving patients with a prolonged wait upon arrival.

    In the game, the player steps into the shoes of a busy paramedic, racing against time to rescue patients while dealing with long hospital waits and ramping delays.

    The aim is for the player to make snap decisions and save as many lives as possible before getting stuck in traffic or being held up at clogged emergency departments. However, the player soon learns that it’s impossible to save the patients and ‘win’ the game as the ramping situation is too dire.

    By demonstrating the challenges of ramping through a gaming scenario, the team hopes to capture the attention of younger audiences, particularly school students, who are less likely to engage in traditional media.

    Dr Stubbs, an experienced journalist who has written for publications including The New York Times, The Guardian and Sydney Morning Herald, says the video game was created to engage younger audiences with important and current community issues.

    “Interactive news games are another way for people to think about real world issues in a fun and engaging way,” he says.

    “We know that people have been moving away from traditional news for a long time now and how people are consuming news is constantly changing.

    “Video games are just another way to think about the potential of alternative journalism when traditional forms might only reach certain audiences.”

    Last year saw the biggest increase in the number of Australians playing video games, from 67% (17 million) in 2021 to 81%  (21 million) in 2023. Nearly 95% of Australian households have a device for playing video games while 91% of parents play with their children to connect as a family.

    Meanwhile, the journalism landscape has experienced significant change in recent decades, with traditional reporting formats like newspapers in decline. In Australia only 18% of people still read newspapers, with online news now attracting the majority of audiences.

    “Shifting attitudes towards news consumption is driving demand for new outlets such as games,” Dr Stubbs says.

    “News video games are not entirely new to journalism. For example, after the September 11 terrorist attacks, a game was created to help people understand the complexities of modern warfare.

    “Similarly, ABC created The Amazon Race’ in 2019 to showcase the realities of working in a pressure-cooker environment such as Amazon’s Melbourne warehouse.”

    UniSA has recently added a module all about news games to the Innovations in Visual Journalism course which will be part of the online Bachelor of Journalism program in 2025.

    “I think there’s great potential with news games,” Dr Stubbs says. “In our research we found games on everything from the Syrian civil war, remembrance around the Madrid train bombings, identifying fake news, games on the realities of living with a low income, managing a sweatshop factory, pirate fishing, distracted driving and managing COVID misinformation.

    “Creating new and timely additions to the video news portfolio is an important step in remaining connected to the next generation.”

    Ambulance Rush: Ramping Rescue is available to play on itch.io.

    …………………………………………………………………………………………………………………………

    Contact for interview: Dr Ben Stubbs, Senior Lecturer, UniSA E: Ben.Stubbs@unisa.edu.au
    Media contact: Melissa Keogh, UniSA Media M: +61 403 659 154 E: Melissa.Keogh@unisa.edu.au

    MIL OSI News

  • MIL-OSI New Zealand: State Highway 60, Commercial Street, Tākaka – sealed and delivered before Christmas

    Source: New Zealand Transport Agency

    Contractors will be hard at work on a key State Highway 60 summer maintenance project this month. 

    They will carry out extensive resurfacing work on the Commercial Street in Tākaka, with 10 nights of closures planned from 17 to 28 November.  
     
    To keep drivers and contractors safe, the highway will be closed to all traffic between Meihana Street and Motupipi Street from 5:30 pm to 6:30 am. No work will be done on Friday, 22, or Saturday, 23 November.

    A local road detour will be available for all vehicles.  

    Rob Service, System Manager Nelson-Tasman, says the resurfacing is essential.

    “We know the public gets frustrated by road works, but this is actually an important investment to ensure the highway is kept safe and reliable for everyone. A well-maintained highway is a win-win for everyone.” 
      
    “We are doing our best to minimise the impact as much as possible. Our contractors will work overnight when there is less traffic, and the road will be open during the day when most people use it,” Mr Service says. 

    Once asphalting is complete, road markings will be reinstated under night works with stop/go controls and a 30 km/h speed limit. 

    During the night closures, a detour will be in place via Meihana Street and Motupipi Street.  This detour is expected to add up to five minutes to travel times. 

    Mr Service says because it is the main route between Golden Bay and Nelson, drivers must be ready for it.

    “Please, don’t let the night works catch you out. Factor them into your travel plans and make sure you get to where you’re going on time.”

    This work follows on from asphalting work that will be completed during the current night closures on SH60 Tākaka Hill that began on Sunday 3 November.

    Works schedule:

    • Sunday, 17 November to Thursday, 28 November (excluding Friday 22 and Saturday 23 November), 5:30 pm – 6:30 am.
    • The worksite is located on SH60, Commercial Street in the Tākaka township, between Meihana Street and Motupipi Street.
    • During the work, the worksite will be closed to all traffic. Road users must detour via Meihana Street and Motupipi Street.
    • During the closure access to Buxton Lane will be via Motupipi Street. There will be no access between SH60 and Buxton Lane.
    • There will be times when direct access to Junction Street or Riley Street from SH60 will be impacted. To ensure continuous access to these streets during work hours, access from SH60 to one of these streets will remain open. Follow onsite signage.
    • Outside of the closure time, State Highway 60 will reopen between 6:30am and 5:30pm but a reduced temporary speed limit of 30km/h will be in place.
    • These works are weather-dependent and may be delayed.

    Summer Maintenance Season – tips and advice:

    • Drivers need to be aware other summer maintenance and resilience works are happening around the region.
    • Due to the number of worksites on each corridor we recommend allowing an extra 30 – 45 minutes travel time on State Highway 6 between Nelson and West Coast and State Highway 6 between Nelson and Blenheim.
    • We recommend allowing an extra 60-minutes travel time on State Highway 1 between Picton and Christchurch.
    • Drivers should check road conditions before they travel as knowing when and where road works are happening means you can time your travel to avoid them or allow extra time for your trip.
    • Whenever you come to a worksite, remember that our road workers are doing their best to complete their work and keep you moving. Please be respectful and follow their advice and instructions.

    National Land Transport Programme 2024/27. Top of the South regional investment summary [PDF, 230 KB] 

    State highway maintenance frequently asked questions

    Tips for driving through worksites (video)(external link)

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Kaikōura to Selwyn District highway repairs and reconstructions underway for summer

    Source: New Zealand Transport Agency

    With summer officially underway, highway reseals and re-surfacing are also progressing in greater Christchurch, Selwyn District and North Canterbury, says NZ Transport Agency Waka Kotahi (NZTA).

    Highway repairs and reseals generally start around September in Canterbury and run through to late March/early April, making the most of the warmer road and air temperatures which contribute to a successful, lasting sealing process and smoother roads for drivers.

    The big shape

    Nine lane kms (ie single lanes not a double lane width highway) will be fully replaced and fresh asphalt laid at nine sites in the greater north and central Canterbury area.

    An additional 90 lane kms of highway will have a thin layer of asphalt applied/ re-sealed over multiple sites.

    Overall the work will start at the North Canterbury NZTA’s maintenance team’s Kaikōura northern border and work south back to Selwyn District and Arthur’s Pass.

    How will this affect me?

    Of the eight major North and Central Canterbury projects, four will happen overnight, with midnight openings where required and the work well advertised in advance.

    • In January/February 2025, work will get underway on SH7 the Lewis Pass route at Weka Pass, Handyside Stream (two sites on SH7, west of the Hanmer Springs turn-off) and SH73 west of Porters Pass.

    Road users should keep an eye out for electronic signs warning of delays and timings in the days ahead of these operations.

    Four sites have to occur during the day using Stop/Go manual traffic management and involving up to 20 minutes delays.

    • These are north of Clarence, SH1, (30 km north of Kaikōura) (February/ March 2025), the Benmore Straight (almost finished as of early November) and Castle Hill, both on SH73, in Selwyn District (currently underway through to December).
    • The fourth site is on the Akaroa highway, SH75 Birdlings Flat – underway in the New Year – January/February.

    Reseals/less invasive road work

    Most of these sites will only involve five-minute delays for drivers and other road users. Places with tighter bends and less room for machinery to manoeuvre, around the Kaikōura Coast, may involve 20-minute delays.

    What else?

    NZTA’s engineers and road crews will also be working on essential structures like bridges, culverts and retaining walls over the summer. If you see road cones and signs asking you to slow down, even if you can’t see people, please slow down as people may be out of sight but nearby, says NZTA.

    Signs asking people to slow down also protect your vehicle and windscreen from flying chipseal as the seal is being bedded in place. Vehicles travelling fast in these circumstances can undo all the good work, so take it easy.

    During this summer construction season in greater Canterbury road users should generally expect:

    • Five-20 minutes delay per site.
    • For long distance journeys during daytime, maybe up to 60 minutes in delays.
    • At some sites longer closure times may be needed – up to close to an hour daytimes.
    • Longer duration closures will generally occur overnight eg for several hours or a full nightshift. Openings for traffic will be provided if practicable and with consideration for ferry sailings (SH1 corridor via Kaikōura and Blenheim).

    “Allow plenty of time for travel over the summer months, check the NZTA Journey Planner website before any long-distance journeys, and be patient around any roadworks and delays encountered,” says NZTA’s System Manager for Canterbury and the West Coast Mark Pinner.

    This work forms part of the government’s $2.07 billion investment into road and drainage renewal and maintenance across 2024-27 via the State Highway Pothole Prevention fund.  

    Quick tips for happy summer travel

    Remember, there will be delays on key routes. 

    Drivers should check road conditions before they travel:

    Always take care when driving through road work sites and follow the temporary speed restrictions to ensure everyone stays safe. Our crews work year-round, they deserve to be safe.

    Keeping your speed down where sealing work is underway or has just been completed not only helps chip to settle in the new road surface, it will also prevent stone chips flying into windscreens and protect road workers from injuries.

    Leave about two car lengths between you and the car in front, four if the weather is bad.

    Even if you can’t see workers on the road or it looks like works are finished when you come across a temporary speed limit sign, safety hazards may still be present. There could be loose chip from a recent re-seal, workers underneath a culvert or bridge or on the side of the road.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Summer tips to keep odours and pests away from food scraps

    Source: Auckland Council

    With summer fast approaching, warmer temperatures can bring an increase to pests and odours in the home.

    Separating food scraps to put out for kerbside collection or for home composting can seem a bit more challenging, but there are easy ways to beat the summer heat and keep pests and odours at bay.

    Prevent pests and odours at home in warmer weather by trying one or more of these tried-and-true tips:

    • Pour boiling water over banana skins in the kitchen sink straight after peeling them to kill fruit fly eggs that have hitched a ride.

    • Keep vegetable peelings dry. The less moisture the less likely they are to smell and attract flies.

    • Throw a handful of baking soda or bokashi zing/bran on top of food scraps.

    • Put food scraps in the fridge or freezer (an ice cream container with a lid is the perfect size for this).

    If using the kitchen caddy supplied by Auckland Council or another food scraps container for the kitchen, remember to:

    • Line the kitchen caddy with Auckland Council pink compostable bin liners – available from retailers and made entirely of cornstarch so safe for home compost.

    • Change the bin liners regularly to avoid spills and reduce food odours.

    • Empty the kitchen caddy more frequently into the food scraps bin and lock the lid in place.

    • Wipe tea tree oil around the lids of the kitchen caddy and food scraps bin to repel flies and other insects.

    • Clean the kitchen caddy and food scraps bin regularly – use anti-bacterial spray or dishwashing liquid with water and dry before use.

    • Place the food scraps bin in a shady spot – not in direct sunlight.

    • Food scraps can be put directly into the food scraps bin, but the liners will help keep pests away if tied up.

    Remember to put the food scraps bin out weekly and help continue transforming rukenga kai into renewable energy and fertiliser to grow more kai.

    Together, let’s help Auckland reach its goal of being zero waste by 2040.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Take two with Andrew – November

    Source: Environment Canterbury Regional Council

    Andrew Arps, team leader for water and land in North Canterbury, introduces his new monthly column: ‘Take two with Andrew’. This month, he discusses the pest plants broom and nasella tussock and offers tips for keeping effluent out of waterways.

    Kia ora

    You may be aware that we’ve recently undergone a few staff changes, including within our Kaikōura office.

    As the new team leader of water and land for North Canterbury, I wanted to introduce myself in the first of what will be regular columns from me.

    The aim is to ensure that we stay connected with the community – and to keep you across some of the topical issues that our team is working on.

    ‘Tis the season for flowering pests

    With spring well and truly upon us, it won’t come as a surprise that the war on unwanted plants is ramping up.

    Broom

    Broom is one of the pests that are now highly visible in both rural and urban parts of Kaikōura, thanks to its distinctive yellow flowers.

    This pesky shrub outcompetes native vegetation and reduces pasture productivity.

    Rural land occupiers are required to control broom within 10 metres of their property boundary, and those in the Hill and High Country Zone also need to control broom that covers 50 metres or less.

    Nassella tussock

    It’s also the flowering season for nassella tussock – and a great opportunity to spot any plants that may have been missed during your initial control (it’s a landowner’s responsibility to control nassella tussock).

    This invasive grass has drooping, purplish flowerheads that are visible from October to December, and it’s spreading across Waitaha/Canterbury.

    For more information about pest plants and what to do if you spot one, visit the ‘pest search’ section of our website –

    ecan.govt.nz/pestsearch

    Keeping effluent out of waterways

    In recent weeks, our staff have attended several cases of non-compliant effluent spread, resulting in seepage into drains or waterways.

    When done right, applying effluent directly to land is a good and safe way to repurpose this waste as a nutrient source for soils. Done badly, it can be devastating to the environment – harming fish and other aquatic life, and turbo-charging weed growth.

    The Kaikōura Flats area is particularly vulnerable to runoff, as it’s surrounded by drains.

    If you are applying effluent on your land, effluent management must be covered in your Farm Environment Plan.

    Other key tips include:

    • ensure effluent stays at least 20 metres away from waterways and drains
    • check weather conditions beforehand to avoid discharge during or shortly after rainfall
    • stay within the capabilities of your soil, and the conditions of your consent.

    We can advise you on how to do it right. Remember, breaking the rules could result in prosecution, including fines of tens of thousands of dollars.

    Our Farmers’ hub page has more information about effluent spread and how to do it safely or call our offices on 0800 324 636 and ask for Pete Bradshaw, one of our land management advisors in Kaikōura. Pete is happy to chat with you directly and answer any questions you may have.

    ‘Til next month,

    Andrew

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: NZTA confirms preferred option for second Mt Vic Tunnel and SH1 upgrades

    Source: New Zealand Government

    The NZ Transport Agency (NZTA) Board has confirmed next steps on the SH1 Wellington Improvements Road of National Significance (RoNS), including an expanded package to reduce Wellington’s gridlock and support economic growth, Transport Minister Simeon Brown says. 

    “Our Government is committed to delivering a second Mt Victoria Tunnel for Wellington to reduce congestion and unlock national and regional economic growth. I’m pleased to see the NZTA Board confirm the next steps for this RoNS to deliver on this commitment, including the addition of a duplicate Terrace Tunnel that will further boost productivity and enable people and freight to get to where they want to go, quickly and safely.  

    “SH1 through Wellington is heavily congested at peak times, with forecast population growth across the region expected to increase travel demand across the network. Without improvements to this critical route, within ten years the region could be looking at travel time increases of up to 50 per cent between Ngauranga and the Airport. 

    “We campaigned on delivering a second Mt Victoria Tunnel and upgrades to the Basin Reserve as a RoNS. The option endorsed by the NZTA Board includes a second Mt Victoria Tunnel that will run parallel to the existing tunnel, a duplicate Terrace Tunnel, and upgrades to the Basin Reserve that will reduce travel times and improve reliability for commuters on the North-South bus corridor.

    “These improvements will result in significant travel time savings during peak times, reducing travel times from the northern suburbs to the CBD, hospital, and airport by approximately 10 minutes.  

    “Commuters in the capital will see a significant benefit in time savings from these upgrades. Those travelling on the number one bus between Island Bay and the Railway Station are forecast to save 9 minutes during morning peak times, while those on the number two bus between Miramar and the CBD will notice a saving of 11 minutes on their journeys,” Mr Brown says.

    The project will be consented as a single corridor, with the project delivered in stages. 

    “After consideration of all options by the NZTA Board, I’m confident that the chosen option will significantly reduce congestion and provide more efficient and reliable access as we continue to rebuild the economy.  

    “The RoNS projects previously built by National are some of New Zealand’s most successful State Highway corridors, reducing congestion and improving safety. Moving at pace to build a new generation of RoNS signals our Government’s focus on prioritising investments that deliver real value to commuters and businesses.” 

    The SH1 Wellington Improvements RoNS will now move through an investment case which will be completed to be brought back to the NZTA Board in mid-2025.                                                                                                       

    MIL OSI New Zealand News

  • MIL-OSI Australia: ASEAN-Australia Centre inaugural Advisory Board appointments

    Source: Australian Government – Minister of Foreign Affairs

    Today, I am pleased to announce the inaugural Advisory Board of the ASEAN-Australia Centre.

    The establishment of the ASEAN-Australia Centre was announced by Prime Minister Anthony Albanese at the ASEAN-Australia Special Summit and commenced operations earlier this year.

    The Centre replaces the Australia-ASEAN Council and will strengthen people-to-people links, increase ties with national cultural institutions, support emerging leaders, drive business engagement, and deepen Australia’s trade and investment links under Invested: Australia’s Southeast Asia Economic Strategy to 2040.

    The following individuals have been appointed to the Advisory Board of the ASEAN-Australia Centre:

    • Ms Louise Adams, Chief Operating Officer, Aurecon
    • Professor Nicholas Farrelly, Pro Vice-Chancellor, University of Tasmania
    • Professor Sango Mahanty, Crawford School of Public Policy, Australia National University
    • Ms Audra Morrice, chef, author, television presenter and sustainability tourism champion in Southeast Asia and the Pacific
    • Mr Tarun Nagesh, Curatorial Manager, Asian and Pacific Art, Queensland Art Gallery, Gallery of Modern Art
    • Ms Su-Lin Ong, Managing Director and Chief Economist, RBC Capital Markets
    • Professor Sharon Pickering, Vice-Chancellor and President, Monash University
    • Ms Kate Russell, Chief Executive Officer, Supply Nation
    • Ms Hayley Winchcombe, Engagement Manager, Mandala
    • Mr John Hopkins, (ex officio) Managing Director and CEO, Export Finance Australia
    • Ms Michelle Chan, (ex officio) Deputy Secretary and Head of the Office of Southeast Asia, Department of Foreign Affairs and Trade

    The Chair of the Advisory Board will be announced early next year.

    I would like to thank outgoing Chair Mr Glenn Keys AO and board member Ms Caroline Chan for their contributions in advancing the Australia-ASEAN Council’s work.

    MIL OSI News

  • MIL-OSI New Zealand: Oranga Tamariki Oversight Bill passes first reading

    Source: New Zealand Government

    Legislation to strengthen oversight of the Oranga Tamariki system has passed its first reading in Parliament today, Social Development and Employment Minister Louise Upston says.

    “These changes will build on New Zealand’s current child protection system by clarifying the roles and responsibilities of the agencies that oversee it, including greater advocacy and independence.”

    The Oversight of Oranga Tamariki System Legislation Amendment Bill will make the Independent Children’s Monitor an Independent Crown Entity and replace the Children and Young People’s Commission’s five-member board structure with a sole Children’s Commissioner.

    The Monitor will be led by a board of three members with current Chief Executive, Arran Jones remaining in his role from 1 July 2025 to 30 June 2026 to oversee and support the organisation’s transition.

    Current Chief Commissioner of the Children and Young People’s Commission Board, Dr Claire Achmad, also will be re-appointed for a period of one year from 1 July 2025, to serve as the sole Children’s Commissioner.

    “Dr Achmad is a well‑respected voice for children and young people. Having her as the Children’s Commissioner will ensure their interests and concerns will continue to be heard,” Louise Upston says.

    “We want it to be crystal clear to young people and their families that the Children’s Monitor is independent and separate from government.

    “These changes address some of the findings in the final report of the Abuse in Care Royal Commission of Inquiry. As the Human Rights Commission noted in that report, a Children’s Monitor that is not completely independent of government will struggle to gain the public trust necessary to address past failures.”

    Notes on Oversight of Oranga Tamariki System Legislation Amendment Bill

    • Under the Oranga Tamariki Act 1989, the Oranga Tamariki system includes several government agencies that are responsible for providing services or support to children, young people, and their families and whānau.  
    • This includes Oranga Tamariki – Ministry for Children, Police, the Ministries of Health, Social Development, Education, and Justice, and the Department of Corrections.
    • The Children and Young People’s Commission Act 2022 established the Children and Young People’s Commission, equipping it with the functions, duties, and powers to protect and advocate for the interests and wellbeing of all children and young people over 18 and under 25 years old who are in care or have been in care or custody.
    • The Oversight of Oranga Tamariki System Act 2022 established the Independent Children’s Monitor as the independent monitoring agency of the Oranga Tamariki system and appointed the Ombudsman to investigate issues and handle complaints that relate to services of support delivered by Oranga Tamariki or other care and/or custody providers.
    • The Bill does not propose any changes to the roles and responsibilities of the Independent Children’s Monitor, the Children’s Commissioner, or the Ombudsman (in relation to complaints that relate to children and young people). 
    • The cost of implementing these changes will be met by reallocating existing funding.

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: Satellite payload items selected by Security Bureau and disciplined services on display at Hong Kong Space Museum from tomorrow (with photo)

    Source: Hong Kong Government special administrative region

         The Security Bureau (SB), together with the disciplined services and auxiliary forces under it, will hold a six-day exhibition at the Hong Kong Space Museum foyer starting tomorrow (November 6). The exhibition will showcase the cultural and creative items which were carefully selected to be carried by the country’s Shijian-19 satellite during its recent space mission, with a view to enhancing the sense of national pride among members of the public and deepening their understanding of the disciplined and auxiliary services.
          
         The Secretary for Security, Mr Tang Ping-keung, earlier officiated at the unboxing ceremony held at the Central Government Offices, during which he presented the items and space payload certificates to the heads of the respective services. Mr Tang said it was an honour to be invited to participate in the national space programme involving the country’s first reusable and returnable test satellite, which successfully accomplished its return mission. This marks a significant breakthrough in key technologies in aerospace, demonstrating the nation’s remarkable progress in the area of space exploration. The payloads also symbolised the spirit of the disciplined services in embracing the pursuit of dreams and innovation while dedicating themselves to safeguarding Hong Kong.
          
         The cultural and creative items and promotional materials selected by the SB include a national security-themed comic, which is a testimony to the importance the SB has attached to safeguarding national security. As one of the main characters of the comic, Security Bear was also given special equipment to join the journey to space, further promoting national security education and helping children understand the importance of national security from a young age in a fun way. Given the promotion of the Sha Tau Kok Frontier Closed Area tourism is also a key initiative of the SB, and a series of promotional items featuring the cultural characteristics of Sha Tau Kok were chosen for the space journey.

         Other meaningful items were selected by the disciplined and auxiliary services, including the mascots of different services, such as Little Grape from the Hong Kong Police Force (HKPF) and Mini Bean from the Junior Police Call; a teddy bear from Customs Yes of the Customs and Excise Department (C&ED); Captain Gor from the Rehabilitation Pioneer Leaders of the Correctional Services Department (CSD); AMSER from the Auxiliary Medical Service (AMS), as well as other items such as samples of a passport and identity card of the Hong Kong Special Administrative Region, a publication of the Fire Services Department (FSD) , an album, a flag and framed items.

         The Shijian-19 satellite was launched on September 27 and returned safely on October 11. The payload items of the disciplined and auxiliary services came from the HKPF, the C&ED, the Immigration Department, the CSD, the FSD, the Government Flying Service, the AMS, the Civil Aid Service and the Hong Kong Auxiliary Police Force.   

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: NSW Government launches Australia’s first operational Seasonal Drought Forecast

    Source: New South Wales Government 2

    Headline: NSW Government launches Australia’s first operational Seasonal Drought Forecast

    Published: 5 November 2024

    Released by: Minister for Agriculture


    The Minns Labor Government’s groundbreaking drought forecasting system will make its debut in this month’s State Seasonal Update, published online today.

    The Government is committed to growing and protecting the state’s primary industries and assisting farmers prepare for and better understand drought is a key goal.

    The innovative online web-based tool will provide essential insights for farmers and other key agricultural stakeholders across NSW, allowing them to make informed decisions for drought preparedness, produce production and management.

    The new service will provide vital insights for farmers and other key agricultural stakeholders allowing them to make better informed decisions for drought preparedness and management.

    The forecast uses rainfall and temperature data from the Bureau of Meteorology’s seasonal forecast in the existing Enhanced Drought Information System (EDIS) to generate the most likely drought status for up to three months ahead. 

    The drought forecast will be provided along with valuable information about the certainty of the forecast and its historical performance, allowing users to better anticipate and prepare for potential drought conditions.

    The drought forecast is underpinned by extensive scientific evaluation of its accuracy over the past 40 years of overlapping observations and model runs.

    Future enhancements to the forecast will include location-based information and interactive online tools for accessing data.

    The NSW Government remains committed to drought preparedness, by working with communities and our agricultural industry to safeguard the State against the effects of drought. 

    To view the operational Seasonal Drought Forecast, please visit this website

    To view the October State Seasonal Update, please visit this website  

    Minister for Agriculture Tara Moriarty said:

    “The Minns Labor Government is committed to empowering NSW farmers with innovative technology and resources to tackle climate challenges, ensuring sustainable practices and food supplies for future generations.

    “The launch of this seasonal drought forecast is a significant step forward in our ability to support farmers across NSW.

    “By providing timely information, we can help our agricultural community prepare for and respond to the challenges of drought.

    MIL OSI News

  • MIL-OSI: Global Strategy: Fergus Kane Leads DIGZAX in Shaping the Future of Crypto Finance

    Source: GlobeNewswire (MIL-OSI)

    ARVADA, Colo., Nov. 04, 2024 (GLOBE NEWSWIRE) — Recently, the internationally renowned cryptocurrency exchange DIGZAX announced its global expansion strategy aimed at penetrating emerging markets and enhancing its business coverage and international influence. This initiative marks the further commitment of DIGZAX to the international market while showcasing its success in strategic positioning and market operations. As the heart of this expansion strategy, Fergus Kane, the founder and CEO of DIGZAX, has once again become a focal point in the industry.

    Fergus not only possesses a robust financial background but is also a pioneer in the realm of cryptocurrency. He graduated from Harvard University, and later achieved significant success at top financial institutions such as Goldman Sachs and JPMorgan on Wall Street. However, he did not confine himself to traditional finance; instead, he keenly recognized the vast potential within crypto finance.

    After extensive research into the blockchain and cryptocurrency sectors, Fergus identified numerous pressing issues facing cryptocurrency exchanges. In response, he decided to establish DIGZAX, a user-centric trading platform that emphasizes security and compliance. Since its inception in 2019, DIGZAX has rapidly secured a significant position in the global market, thanks to its innovative technology applications and high-quality user experience.

    According to the recently announced global expansion plan of DIGZAX, the platform will first solidify its leadership in the Asia-Pacific market before gradually extending its reach into Latin America. Fergus stated that both regions are experiencing rapid growth in their cryptocurrency user bases, presenting immense market potential. DIGZAX intends to establish a solid business foundation in these markets through stringent compliance measures and flexible operational strategies.

    This strategy not only reflects the global vision of DIGZAX but also underscores its keen attention to emerging markets. By deeply exploring these regional markets, DIGZAX aims to provide users with a more diversified range of services, ensuring it maintains a leading position in the fiercely competitive cryptocurrency landscape.

    For Fergus Kane, DIGZAX is not merely a cryptocurrency trading platform; it is a bridge that helps more people safely and conveniently enter the world of crypto finance. Throughout its global expansion, DIGZAX has consistently prioritized user experience as its core objective. Whether it involves the continuous optimization of platform features, the promotion of user education, or rigorous compliance management, Fergus and his team are dedicated to creating an efficient and secure trading environment, ensuring that more potential investors can confidently engage with the crypto market and fully enjoy the growth dividends of the industry.

    In addition to business expansion, Fergus particularly emphasized the importance of industry knowledge dissemination. He believes that users can only better participate and benefit from crypto finance when they truly understand its operational mechanisms and underlying values. Consequently, DIGZAX plans to further strengthen market education in the future, helping more investors grasp the relevant knowledge of cryptocurrencies. Through this initiative, DIGZAX aims to provide users with a safe and robust path to market participation, maximizing their potential returns.

    With the rapid development of the cryptocurrency market, Fergus Kane and the DIGZAX exchange have emerged as industry leaders. Through precise market insights, cutting-edge technology applications, and a user-centered service philosophy, DIGZAX is swiftly rising to become a frontrunner in the global crypto finance sector. With its global expansion plan, DIGZAX will continue to drive industry innovation, creating greater value and opportunities for users.

    Media Contact:

    Full company name: DIGZAX BLOCKCHAIN DEVELOPMENT INC

    Company website: https://www.digzax.co

    Contact Person: Darma

    Email id: support@DIGZAX.co

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/645f4f0f-608a-424c-9d2e-50837f5090e2

    The MIL Network

  • MIL-OSI Economics: Q&A: Default and Loss Data by ADB and Other MDBs

    Source: Asia Development Bank

    Article | 05 November 2024
    Read time: 5 mins

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    On 10 October 2024, ADB published a comprehensive report detailing its sovereign default and loss rates over a 34-year period. This report, made in keeping with ADB’s commitment to data transparency, shows the remarkable credit performance of loans to its developing member countries (DMCs). On 15 October 2024, the GEMs Consortium—a group of 26 multilateral development banks (MDBs) and development finance institutions (DFIs)—published two reports that provide insights on the performance of credit portfolios and credit risk in emerging markets and developing economies (EMDEs) based on the group members’ investment experiences.

    Stephen O’Leary, Head, Office of Risk Management, ADB

    What prompted major MDBs to disclose their proprietary data, such as credit data, to the public?

    Unlike in developed economies, there is a deficit of reliable data on credit performance in the emerging markets where MDBs operate. This leads to misconceptions about the level of risk in those regional debt markets. Therefore, major MDBs have decided to disclose their aggregated detailed default and recovery statistics at a more granular level in response to shareholders’ demand for greater transparency.

    By making their own credit data publicly available, MDBs are empowering private and public investors with valuable insights into the actual creditworthiness indicators of borrowers in developing countries. This information is crucial for investors who often perceive these markets as high risk due to a lack of data. The MDBs are playing a key role in changing this perception.

    How significant are the data being shared?

    The published data have additional granularity which may help refine credit models. Robust credit models are fundamental to lending volume and pricing decisions, capital adequacy assessment, and overall strategic decisions to operate in specific markets. MDB’s private sector data should also catalyze private investors to invest more in emerging markets.

    What are the key insights from the recent GEMs publication of private sector defaults and recoveries?

    To underscore the reliability of the insights, it should first be highlighted that the GEMs report has one of the biggest populations of approximately 2000 private sector defaults. For comparison, the S&P’s Emerging and frontier markets corporate default summary showcases around 500 default instances since 1997.

      The GEMs report reveals that private-sector lending in EMDEs has a historical average default rate of 3.56%, which implies S&P Corporates’ B rating. The annual default rates were surprisingly stable and slightly below the historical average for the past 20 years. The fact that lending in frontier markets did not result in high default rates is a remarkable finding, especially given that the MDBs prioritize development goals over profitability.

    The data also highlight that financials comprise 36% of MDBs and IFIs borrowers, while utilities comprise approximately 14%. The financials have the lowest default rate among all sectors. Such MDBs’ sectoral concentration facilitates credit transmission into the economies of developing countries via financial intermediaries. While lending to renewable energy and sustainable utilities infrastructure simultaneously reduces climate risk.

    What steps has GEMs Consortium taken to improve the data?

    GEMs Consortium continuously improves the data to increase their usability and credibility among investors and stakeholders. The consortium has already updated its methodology documentation, providing detailed explanations of data collection processes and sources. Additionally, GEMs Consortium invests in streamlined data collection technologies to ensure more timely and granular updates, facilitating better decision-making in fast-changing market conditions.

    How can sovereign data disclosures help the borrowers?

    Disclosing sovereign default and recovery data is important as they detail the performance of an MDB sovereign lending in a specific country. Such disclosures should help investors enter cofinancing agreements with an MDB. For example,   ADB’s report on sovereign default and loss rates demonstrates the low credit risk in ADB’s sovereign operations, with an average default rate of 0.54% over the last 34 years and zero new defaults from 2010 to 2021. The data underscore the strength of ADB’s relationship with its developing member countries and the preferred creditor treatment accorded to ADB.

    The recent strides made by MDBs in enhancing credit data disclosures are a testament to their commitment to transparency and accountability. These efforts, when continued, will ensure that stakeholders, including governments, civil society, and the public, have access to reliable and comprehensive data. This, in turn, will contribute to sustainable development and financial stability on a global scale.

    In conclusion, the true utility of data is realized only when there is widespread global awareness of their free availability. While collecting and publishing data are essential steps, effective dissemination is key to maximizing their impact. The MDB community can significantly enhance the development benefits by engaging independent market participants to review, comment on, and utilize credit data. This collaborative approach not only enriches the value of the data but also fosters broader participation, ultimately driving meaningful outcomes.

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    MIL OSI Economics

  • MIL-OSI China: Global firms capitalize on China’s smart, green transformation

    Source: China State Council Information Office

    Jinbao, the mascot of the China International Import Expo (CIIE), and Xiaoxin, a humanoid robot providing inquiry service, are pictured at the media center of the 7th CIIE in Shanghai, east China, Nov. 4, 2024. [Photo/Xinhua]

    Global investors are eyeing fresh opportunities in China as the world’s second-largest economy accelerates its intelligent, green transformation.

    With the seventh China International Import Expo (CIIE) set to open on Tuesday, multiple industry leaders from across the world are gearing up to showcase their latest innovations and technologies, aiming to tap into China’s vast market potential.

    Tapping smarter manufacturing

    Aptiv, a multinational developing automobile parts, made its debut at the seventh CIIE, exhibiting software and hardware products featuring intelligence and electrification.

    “The CIIE provides an excellent platform for enterprises from all over the world to exchange ideas and cooperate,” said Simon Yang, president of Aptiv for China and the Asia Pacific region. He noted that Aptiv hopes to make full use of the CIIE to showcase its innovative solutions.

    The company is committed to its long-term development strategy of “In China for China,” and will continue to increase its investment in the Chinese market while expanding business cooperation with Chinese original equipment manufacturers.

    Aptiv is one of a number of multinationals gathering in Shanghai to test the pulse of China’s smart manufacturing market, which plays an important part in the country’s pursuit of high-quality development.

    Swedish technology company Hexagon has brought its new solutions to help traditional manufacturers become more digital-savvy to this year’s CIIE, including cloud platforms for industrial software and smart quality-testing systems.

    “The company is ready to ride the wave of the country’s pursuit of new quality productive forces, which are high-tech, highly efficient and of a high quality,” said Qin Lei, marketing business partner at Hexagon Manufacturing Intelligence (Qingdao) Co., Ltd.

    Merck Group, Germany’s leading tech company, is showcasing its innovative achievements in the new materials section of the CIIE, which is new to the annual event.

    China’s great market potential, improving business environment and rich talent pool have reinforced Merck’s confidence in its long-term investment in the country, said Marc Horn, executive vice president of Merck and president of Merck China.

    Embracing a greener future

    Entering its seventh year, the CIIE has retained its “New Era, Shared Future” theme, which holds special meaning for Christian Bruch, president and CEO of Siemens Energy AG.

    “I strongly agree with the theme, as it envisions a sustainable and more decarbonized future that requires collaborative efforts from governments, enterprises, customers, partners and the entire supply chains,” Bruch said.

    In his view, China’s dedication to building a modern energy system creates “extensive market opportunities” for global energy technology companies, including Siemens Energy.

    “Together with Chinese customers and partners, we have developed many energy infrastructure projects, continuously invested and expanded our manufacturing capacity in China, in order to meet the growing market demand in China and across the world,” he said.

    Pledging to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, China has been steadfast in accelerating its energy transition. Over the past decade, the share of clean energy in the country’s total energy use has increased 10.9 percentage points, according to the National Energy Administration.

    Dedicated to promoting clean energy in China, Siemens Energy has established 15 manufacturing facilities across the country. It has become an important partner in the country’s energy transition, Bruch said.

    At this year’s CIIE, the company is poised to showcase its cutting-edge decarbonization technologies for the energy sector. Many of its exhibits will be presented for the first time in Asia or China.

    “During the expo, I look forward to meeting and exchanging ideas with partners, building consensus and fostering collaborative development,” Bruch said. “Tackling climate change and driving energy transition is a daunting task that no single country or region can accomplish alone.”

    Bruch’s emphasis on collaboration aligns with China’s increasing global contributions. According to a white paper issued by China’s State Council Information Office in August this year, the country’s wind power and photovoltaic exports helped other countries reduce their carbon dioxide emissions by about 810 million tonnes in 2023.

    Recognizing China’s role in the global energy transition, Bruch highlighted Siemens Energy’s confidence in deepening cooperation with its Chinese partners. “We are fully committed to working together to build a new energy ecosystem that supports China’s dual-carbon goals and fosters sustainable energy development worldwide.”

    MIL OSI China News

  • MIL-OSI Economics: Money Market Operations as on November 04, 2024

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 550,223.53 6.12 5.00-6.50
         I. Call Money 7,899.89 6.41 5.10-6.50
         II. Triparty Repo 396,114.85 6.08 5.41-6.25
         III. Market Repo 145,225.79 6.22 5.00-6.50
         IV. Repo in Corporate Bond 983.00 6.40 6.40-6.41
    B. Term Segment      
         I. Notice Money** 296.85 6.39 6.20-6.50
         II. Term Money@@ 657.00 6.50-6.90
         III. Triparty Repo 790.00 6.21 5.50-6.36
         IV. Market Repo 831.61 6.53 6.35-6.67
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Mon, 04/11/2024 3 Thu, 07/11/2024 74,000.00 6.49
    3. MSF# Mon, 04/11/2024 1 Tue, 05/11/2024 5,231.00 6.75
    4. SDFΔ# Mon, 04/11/2024 1 Tue, 05/11/2024 193,522.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -262,291.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Thu, 31/10/2024 14 Thu, 14/11/2024 24,697.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,458.51  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -13,698.49  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -275,989.49  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on November 04, 2024 1,026,975.35  
         (ii) Average daily cash reserve requirement for the fortnight ending November 15, 2024 1,011,562.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ November 04, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on October 18, 2024 402,348.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1428

    MIL OSI Economics

  • MIL-Evening Report: What to expect on Election Day: history could be made, or we’re in for a long wait (and plenty of conspiracies)

    Source: The Conversation (Au and NZ) – By Emma Shortis, Adjunct Senior Fellow, School of Global, Urban and Social Studies, RMIT University

    As Americans vote in one of the most important presidential elections in generations, the country teeters on a knife edge. In the battleground states that will likely decide the result, the polling margins between Democrat Kamala Harris and Republican Donald Trump are razor thin.

    These tiny margins, and the general confusion around American politics today, make it impossible to predict the outcome.

    The polls might well be wrong: the electorate may have shifted dramatically since 2020 in ways that will only reveal themselves after the election. The reality is we do not know much of anything for sure, and we may never be able to untangle all of the threads that make up the knot of American politics.

    After two assassination attempts on Trump and incumbent President Joe Biden’s dramatic decision to leave the race in August, it is entirely possible this election will throw up more big surprises. But as things stand, there are three broad possibilities for what will happen on Election Day.

    All of them throw up their own challenges – for the United States, and for the world.

    Possibility 1: the return of Trump

    Trump may make history and win back the White House. Only Grover Cleveland has managed to get elected a second time as president (in 1892) after suffering a defeat four years earlier.

    If Trump does win, it could be via a similar path to the one he took in 2016 – by once again sundering the “blue wall” and winning the battleground states of Pennsylvania, Wisconsin and Michigan.

    This feat will likely mean his campaign tactic of mobilising men has worked.

    A Trump victory would represent the culmination of a generational project of the American right. A second Trump administration would be very different from the first – the movement behind Trump is more organised, focused and cognisant of the mistakes of the first Trump White House. It would also face considerably weakened democratic guardrails.

    The implementation of Trump’s radical agenda, alongside some or all of the broader far-right agenda detailed in the Heritage Foundation’s Project 2025, would radically reshape American life and create political and economic chaos.

    The rest of the world would have to reorient itself, once again, around Trump.

    Possibility 2: Harris makes history

    It is entirely possible Harris makes history – not only by beating Trump, but by becoming the first woman and woman of colour to win the US presidency.

    Like Trump, if Harris does win, it will likely be through one or more of the battleground states – in particular, Pennsylvania and Georgia.

    For Harris, victory will likely come via high turnout by women and voters of colour, particularly African-Americans, or through a combination of turnout by this core Democratic base and swing voters in key states like Pennsylvania.

    How Harris wins – and by how much – will be crucial, both to the immediate aftermath of the election and to the shape of a future Harris administration.

    A big question: can she win by enough to head off resistance by Trump and the movement behind him? As Australian writer Don Watson has noted, a Harris victory would likely be taken as an existential defeat by the MAGA movement.

    How Trump’s supporters react to such a defeat – and how US institutions react to their reaction – will be a critical test for American democracy.

    Possibility 3: too close to call

    This brings us to the third possibility: the polls are correct, and it’s such a tight race that the margins in the battleground states are in the thousands of votes, or even less.

    If it is that close, counting could take days. And there could be recounts after that.

    While conspiracies abound, a delay in the result like this would be an entirely predictable and normal outcome. In the United States, there isn’t one system for counting the votes; elections are run by the states on a county-by-county basis, and each state does it differently.

    Pennsylvania and Wisconsin, for example, legally can’t start counting mail-in votes until the polls open on Election Day.

    Then there is the supposed “blue shift” or “red mirage” that sometimes occurs on election night.

    There are now many ways to vote in the US – in person on Election Day, early voting before Election Day or by mail-in ballot. And the time it takes to count these different ballots can vary. So, it may appear as if one candidate is winning early in the night (say, when in-person votes are counted) only for their opponent to slowly turn the tide (when mail-in ballots are counted).

    In the 2020 election, this meant early Trump (“red”) leads were gradually lost to the Biden (“blue”) votes. Researchers found that counties won by Biden counted more slowly, on average, than those won by Trump – hence the so-called “blue shift”.

    This is an entirely normal – and legal – phenomenon. In Nevada, for instance, state law permits mail-in ballots to be counted four days after Election Day, so long as they were postmarked by Election Day.

    Trump and his surrogates like Steve Bannon, however, have exploited the differing times it takes to count votes to peddle baseless conspiracy theories, undermining Americans’ faith in their own democracy, and to incite unrest.

    By baselessly declaring victory in 2020 on the early “red mirage” tallies in key states before all the votes were counted, Trump was able to create what Bannon described as a “firestorm” – one that eventually led to the insurrection of January 6 2021.

    This could very well happen again. Bannon, in fact, has just been released from prison after serving four months for contempt of Congress, and could once again be a driving force in any post-election challenges by the Trump campaign.

    Trump, meanwhile, lied again this week when he said “these elections have to be, they have to be decided by 9 o’clock, 10 o’clock, 11 o’clock on Tuesday night” – laying the groundwork for further election conspiracies.

    Delays are normal – but fraught

    Trump has made it very clear he will not accept another election loss. If he does lose, he or his surrogates will attempt to weaponise similar conspiracy theories again. They may also use legal challenges to vote counts as they did in 2020 – both to contest the result and to once again mobilise the MAGA movement.

    In the event of close margins, it’s also possible some states will go to a recount.

    There are different rules for this in different states. To take one example, if the margin is within 0.5% in Georgia, a candidate can request a recount.

    In the 2020 presidential election, Biden narrowly defeated Trump in Georgia by 0.25%, which triggered a full hand recount of the votes. The Associated Press declared Biden the winner of the state more than two weeks after Election Day. A second recount was later reconfirmed by Georgia Secretary of State Brad Raffensperger.

    Again, this is a normal part of the process. It ensures all votes are counted accurately and the result reflects the democratic will of the American people as best as the (admittedly, deeply flawed) system allows.

    Such a delay, legitimate as it would be, would elevate the already very real risk of further political violence and instability in the United States.

    None of these outcomes is inevitable. 2024 is not 2020; nor is it 2016. What happens next in America depends on the movement and interplay of so many tangled threads, it is impossible to see where old ones end and new ones might begin.

    In all of this, only one thing is certain. Whatever the result – and however long it takes to come through – the divisions and conspiracy theories that have destabilised American politics for so long will not be easily or quickly resolved. That knot may well prove impossible to untangle.

    Emma Shortis is Director of the International and Security Affairs program at The Australia Institute, an independent think tank.

    ref. What to expect on Election Day: history could be made, or we’re in for a long wait (and plenty of conspiracies) – https://theconversation.com/what-to-expect-on-election-day-history-could-be-made-or-were-in-for-a-long-wait-and-plenty-of-conspiracies-242598

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Name release, fatal crash, SH1, Marton

    Source: New Zealand Police (District News)

    Police can now release the names of the two people who died following a crash on State Highway One near Marton on Tuesday 15 October.

    They were 65-year-old Peter John Neilson from Howick and 53-year-old Sahim Ali from Palmerston North.

    Our thoughts are with their families at this difficult time.

    Enquiries into the circumstances of the crash are ongoing.

    ENDS

    Issued by Police Media Centre
     

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: SFST promotes Hong Kong’s status as international asset and wealth management and risk management centre in Switzerland (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Financial Services and the Treasury, Mr Christopher Hui, started his visit to Zurich, Switzerland, yesterday (November 4, Zurich time) to promote Hong Kong’s status as an international asset and wealth management and risk management centre.

         Mr Hui in the morning met with the Chief Executive Officer, Corporate Solutions, Swiss Re Group, Mr Ivan Gonzalez, and the Chairman of the Board of Zurich Insurance Group, Mr Michel M Liès, respectively. During the exchanges with these two world-leading insurance services and risk-solution providers, Mr Hui updated them on Hong Kong’s latest initiatives as announced in “The Chief Executive’s 2024 Policy Address (Policy Address)” to further strengthen Hong Kong’s position as a global risk management centre. The initiatives include reviewing the risk-based capital regime implemented in July 2024 and examining the capital requirements for infrastructure investment to enrich insurance companies’ asset allocations for risk diversification, and drive investment in infrastructure; as well as continuing to invite Mainland and overseas enterprises to establish captive insurers in Hong Kong. 

         Hong Kong is currently home to around 160 insurance companies. It has the largest concentration of insurance companies and the highest insurance density in Asia.    

         Mr Hui had a lunch meeting with the Swiss-Hong Kong Business Association (SHKBA), one of the members of the Federation of Hong Kong Business Associations. Mr Hui shared with SHKBA members the huge scale and diversified investment opportunities of Hong Kong’s asset and wealth management business, adding that the city welcomes investors and family offices around the world.      

         At another gathering with leaders of a multinational financial service provider, Mr Hui briefed them on the enhancements proposed in the Policy Address that further strengthen Hong Kong’s status as an asset and wealth management hub. Hong Kong will consult the industry on increasing the types of transactions eligible for tax concessions for funds and single family offices to cover emission derivatives/emission allowances, insurance-linked securities, loans and private credit investments, virtual assets, etc. He also updated participants that the Government’s issuance of green bonds has been attracting strong interest from local and international investors. So far a total of HK$220 billion in government green bonds have been successfully issued, including a diverse array of bonds – retail, institutional, and tokenised – across multiple currencies and tenors.

         On the same day, Mr Hui met with the Head of Bilateral Cooperation, Swiss National Bank, Ms Lena Lee Andresen, to discuss issues of mutual concern such as the global trend of monetary policies. 

         Mr Hui also visited the headquarters of Gategroup, and met with their Chief Financial Officer, Mr Urs Schwendinger. Gategroup is a market-leading inflight caterer with a global presence, including Hong Kong. Noting that Hong Kong is an international aviation hub with continuous development of the Airport City, Mr Hui welcomed Gategroup to further expand their business in the city.  
        
         Mr Hui will depart for Geneva in the morning of November 5 (Zurich time) to continue his visit in Switzerland.                     

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services

    Source: Hong Kong Government special administrative region

    Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services
    Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services
    *******************************************************************

         Mobile Libraries 5, 10 and 11 will suspend services during designated periods in November for routine maintenance, a spokesman for the Leisure and Cultural Services Department announced today (November 5).     Mobile Library 5 will suspend services from November 11 to 16. The affected service points are Hin Keng Estate, Kam Tai Court, Mei Tin Estate and Yan On Estate in Sha Tin; Yee Ming Estate and Mang Kung Uk Road in Sai Kung; and Fu Shin Estate and Fu Heng Estate in Tai Po. For enquiries about Mobile Library 5 services, please call 2696 5842.     Mobile Library 10 will suspend services from November 11 to 23. The affected service points are Tsing Tin Playground, Gold Coast and Lung Mun Oasis in Tuen Mun; Tin Yuet Estate and Tin Shui Estate in Tin Shui Wai; Hung Shui Kiu and Fung Cheung Road in Yuen Long; Ching Ho Estate in Sheung Shui; Cheung Wang Estate in Tsing Yi; Kwai Chung Estate in Kwai Chung; and Hoi Lai Estate in Sham Shui Po. For enquiries about Mobile Library 10 services, please call 2450 1857.     Mobile Library 11 will suspend services from November 25 to 30. The affected service points are Cho Yiu Chuen, Kwai Shing West Estate and Kwai Shing East Estate in Kwai Chung; Po Tin Estate in Tuen Mun; Sun Chui Estate in Sha Tin; Easeful Court in Tsing Yi; and Tin Wah Estate in Tin Shui Wai. For enquiries about Mobile Library 11 services, please call 2479 1055.     Readers are welcome to use other public libraries during the service suspension periods. They may also renew library materials by telephoning 2698 0002 or 2827 2833, or via www.hkpl.gov.hk.

     
    Ends/Tuesday, November 5, 2024Issued at HKT 12:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: $100 Million ADB Loan to Strengthen Armenia’s Fiscal Sustainability and Financial Markets Development

    Source: Asia Development Bank

    MANILA, PHILIPPINES (5 November 2024) — The Asian Development Bank (ADB) has approved an €89.47 million ($100 million equivalent) policy-based loan as Subprogram 2 of Armenia’s Fiscal Sustainability and Financial Markets Development Program.  

    The reforms promoted under this programmatic approach, supported by ADB in partnership with Agence Française de Développement, strengthen Armenia’s fiscal management and deepen its financial markets. These reforms align with Armenia’s national strategy to enhance governance, promote economic stability, and accelerate climate action.

    Government reforms under Subprogram 2 promote critical objectives of fiscal reform, including improved multi-year budget planning and procurement governance, and strengthened public debt, fiscal risk, and public investment management. In addition to fiscal governance reforms, the program also supports the establishment of liquid money markets, facilitates greater investor confidence, and enhances corporate transparency and governance.  

    Armenia’s climate change action policy commitments will also be enabled by key program reform efforts to embed adaptation and mitigation concerns and environmental policy objectives in public financial management systems and in financial sector policy.

    “The reforms will stimulate the financial sector and access to finance, positioning Armenia as a more robust economy resilient to external risks,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.  

    Subprogram 2 builds on the successful implementation of Subprogram 1 and aims to reduce fiscal vulnerabilities and bolster investor confidence in its financial and capital markets.

    “This program is a vital step in promoting fiscal effectiveness and bolstering Armenia’s capacity to manage fiscal risks and public investments effectively, creating foundations for sustainable growth,” said ADB Principal Financial Sector Economist João Farinha-Fernandes.

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

    MIL OSI Economics

  • MIL-OSI Economics: ADB to Help Nepal Upgrade Electricity Transmission and Distribution Infrastructure

    Source: Asia Development Bank

    MANILA, PHILIPPINES (5 November 2024) — The Asian Development Bank (ADB) has approved a $311 million loan to improve and modernize electricity transmission and distribution infrastructure in Nepal.

    “Upgrading and modernizing Nepal’s electricity transmission and distribution facilities and infrastructure is essential to its sustainable growth and development,” said ADB Principal Energy Specialist Jiwan Acharya. “Not only will this project ensure the reliable and sustainable delivery of electricity in the country, but it will also provide employment and business opportunities to make lives of Nepalese better and more comfortable.”  

    The project will finance a total of 290 kilometers (km) of power transmission lines from Dailekh to Jumla, New Butwal to Lamahi, Nijgadh to Ramauli, and Teenpiple and Okharpauwa. It will also expand, reinforce, and rehabilitate electricity distribution infrastructure in Karnali and Lumbini provinces. Distributed grid-connected solar photovoltaic generation facilities with a total capacity of 8 megawatts will be established in Karnali and other areas. 

    ADB will help the Nepal Electricity Authority (NEA) upgrade its training center, expand the smart meter rollout program, establish a data recovery center, and implement a Supervisory Control and Data Acquisition network. The project will conduct awareness-raising campaigns on safe and efficient energy use.

    ADB will provide an additional $30 million grant from its Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries, to support training and capacity building. Advanced communication tools and technology, funded by the grant, will equip NEA with skills in hydropower management and electricity dispatch significantly enhancing Nepal’s capability to trade power with neighboring countries. 

    The project will also support training of women and disadvantaged groups on business and technical skills, open energy-related employment opportunities, and expand energy-based businesses. It will help build the capacity of the NEA and other government agencies in power management, project management, new technologies, and power trade, among others.

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

    MIL OSI Economics

  • MIL-Evening Report: Fijian journalists embrace multimedia landscape for the digital age

    By Catrin Gardiner, Queensland University of Technology

    In the middle of the Pacific, Fiji journalists are transforming their practice, as newsrooms around Suva are requiring journalists to become multimedia creators, shaping stories for the digital age.

    A wave of multimedia journalists is surfacing in Fijian journalism culture, fostered during university education, and transitioning seamlessly into the professional field for junior journalists.

    University of the South Pacific’s technical editor and digital communication officer Eliki Drugunalevu believes that multimedia journalism is on the rise for two reasons.

    “The first is the fact that your phone is pretty much your newsroom on the go.”

    With the right guidance and training in using mobile phone apps, “you can pretty much film your story from anywhere”, he says.

    The second reason is that reliance on social media platforms gives “rise to mobile journalism and becoming a multimedia journalist”.

    Drugunalevu says changes to university journalism curriculum are not “evolving fast enough” with the industry.

    Need for ‘parallel learning’
    “There needs to be parallel learning between what the industry is going through and what the students are being taught.”

    Mobile journalism is growing increasingly around the world. In Fiji this is particularly evident, with large newsrooms entertaining the concept of a single reporter taking on multiple roles.

    Fijian Media Association’s vice-president and Fiji Times editor-in-chief Fred Wesley says one example of the changing landscape is that the Times is now providing all its journalists with mobile phones.

    “While there is still a photography department, things are slowly moving towards multimedia journalists.”

    Wesley says when no photographers are available to cover a story with a reporter, the journalists create their own images with their mobile phones.

    Journalists working in the Fiji Times newsroom, which is among the last few remaining news organisations in Fiji to have a dedicated photography department. Image: Catrin Gardiner, Queensland University of Technology

    The Fiji Broadcasting Corporation (FBC) also encourages journalists to take part in all types of media including, online, radio, and television, even advertising for multimedia journalists. This highlights the global shift of replacing two-person teams in newsrooms.

    Nevertheless, the transition to multimedia journalists is not as positive as commonly thought. Complaints against multimedia journalism come from journalists who receive additional tasks, leading to an increase in workload.

    FBC advertises for multimedia journalists, reflecting the new standard in newsrooms. Image: FBC TV/Facebook/QUT

    Preference for print
    Former print journalist turned multimedia journalist at FBC, Litia Cava says she prefers focusing on just print.

    She worked a lot less when she was just working in a newspaper, she says.

    “When I worked for the paper, I would start at one,” she says. “But here I start working when I walk in.”

    Executives at major Fijian news companies, such as Fiji TV’s director of news, current affairs and sports, Felix Chaudhary, also complain about the lack of equipment in their newsrooms to support this wave of multimedia journalism.

    “The biggest challenge is the lack of equipment and training,” Chaudhary says.

    Fiji TV is doing everything it can to catch up to world standards and provide journalists with the best equipment and training to prepare them for the transition from traditional to multimedia journalism.

    “We receive a lot of assistance from PACMAS and Internews,” Chaudhary says. “However, we are constantly looking for more training opportunities. The world is already moving towards that, and we just have to follow suit or get left behind.”

    More confidence
    Fortunately for young Fijian journalists, Islands Business managing editor Samantha Magick says a lot of younger journalists are more confident to go out and produce and write their own stories.

    “It’s the education now,” she says. “All the journalists coming through are multimedia, so not as challenging for them.”

    University of South Pacific student journalist Brittany Louise says the practical learning of all the different media in her journalism course will be beneficial for her future.

    “I think that’s a major plus,” she says. “You already have some sort of skills so it helps you with whatever different equipment it may be.”

    Catrin Gardiner was a student journalist from the Queensland University of Technology who travelled to Fiji with the support of the Australian government’s New Colombo Plan Mobility Programme. This article is published in a partnership of QUT with Asia Pacific Report, Asia Pacific Media Network (APMN) and The University of the South Pacific.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: SITI commences visit to Canada (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, began his visit to Toronto, Canada, on November 4 (Toronto time).

         In the morning, Professor Sun visited MaRS Discovery District, an innovation hub, and met with its Chief Executive Officer, Mrs Alison Nankivell, to receive a briefing on the hub’s successful experience in nurturing an innovation and technology (I&T) ecosystem. Located close to major universities and hospitals in downtown Toronto, MaRS focuses on nourishing deep technology industries including clean technology and life science. As the largest urban innovation centre in North America, MaRS Discovery District supports 1 200 enterprises and renders direct assistance to enterprises in the hub with a view to building communities of innovators and promoting the adoption of new solutions.

         Professor Sun then visited the University of Toronto, and toured the Centre for Analytics & Artificial Intelligence Engineering of the Faculty of Applied Science and Engineering of the University. Professor Sun met with the Dean of the Faculty, Professor Christopher Yip, and the Acting Associate Vice-President International Partnerships, Professor David Wolfe, and was briefed on the latest developments and research and development (R&D) achievements of the Centre. The Centre brings together universities and industries to translate the latest advances of artificial intelligence and data analytics into technologies in areas ranging from advanced manufacturing to human health. Its team also delivers ongoing guidance for advanced analytics projects in industry settings. Professor Sun encouraged the University to co-operate with universities in Hong Kong to participate in the InnoHK research clusters to strengthen global R&D collaboration.

         In the afternoon, Professor Sun visited a start-up that provides storage and delivery services in North America. The start-up adopts a smart platform that automatically processes orders and updates inventory levels in real time. It also utilises robotic shuttles to manage inventories automatically, thereby reducing the overall cost for logistics and delivery services.

         Professor Sun attended a networking dinner organised by the Hong Kong-Canada Business Association (Toronto Chapter) in the evening, and had an exchange with Hong Kong young people studying and working in Toronto to learn more about their study and work lives in Canada. Professor Sun shared with them Hong Kong’s efforts to develop as an international I&T centre and build an international hub for high-calibre talent. He noted that it is of paramount importance to enlarge the talent pool for the I&T development in Hong Kong, adding that the city is an ideal destination for young people to develop their careers and that Hong Kong youngsters are encouraged to seize the myriad opportunities there.

         Professor Sun will proceed to Ottawa and continue his visit on November 5 (Ottawa time).                  

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF on November 05, 2024

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 05, 2024, Tuesday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor
    (day)
    Window Timing Date of Reversal
    1 1,25,000 2 10:30 AM to 11:00 AM November 07, 2024
    (Thursday)

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1429

    MIL OSI Economics

  • MIL-OSI Australia: New drowning prevention technology to help save lives

    Source: Government of Western Australia

    Drowning prevention technology is set to help accelerate lifeguard response times at Wanneroo Aquamotion.

    The Lynxight system uses artificial intelligence to monitor movement in the water through CCTV cameras, enabling lifeguards to respond more quickly to potential drownings thanks to alerts sent to their smartwatches.

    Aquamotion will be the second facility in WA to use the cutting-edge technology to combat blind spots caused by water glare, crowds, water surface disturbance and line of sight issues.

    Mayor Linda Aitken said the technology would arm our hardworking lifeguards with new tools to keep pool users safe.

    “Last year, Aquamotion attracted 371,000 visits, and with 2024 on track to be even busier, we are always looking for innovations in safety management,” she said.

    “This technology will be extra eyes in the water at Aquamotion’s four pools, helping prevent drowning incidents and reduce the risk of serious injuries.

    “It’s exciting to take another step forward in our Smart City journey and harness this technology to enhance safety for our community.”

    Royal Life Saving Australia’s General Manager Capability and Industry, RJ Houston, said data from AI-enhanced safety technologies could be applied to elevate existing practices and address challenges, making Australian aquatic facilities safer for everyone.

    “While lifeguards play critical prevention and rescue roles, supervision in public swimming pools can be challenging,” he said.

    “The potential of combining lifeguard expertise with enhanced technological approaches in coming years is exciting.”

    According to Royal Life Saving Australia, in 2023 there were six drowning deaths, 18 non-fatal drowning incidents and more than 7,800 rescues in public swimming pools across the country.

    MIL OSI News

  • MIL-OSI Economics: Eco-friendly formulations and sustainable packaging drive Asia laundry detergent market, reveals GlobalData

    Source: GlobalData

    Eco-friendly formulations and sustainable packaging drive Asia laundry detergent market, reveals GlobalData

    Posted in Consumer

    Rising environmental awareness among the Asia-Pacific (APAC) consumers is fueling demand for eco-friendly laundry detergents, as buyers increasingly prefer products with sustainable packaging and chemical-free, biodegradable formulations. A growing aversion to traditional chemical-based detergents, due to their adverse effects on ecosystems and marine life, is accelerating this shift, making sustainability a crucial factor in laundry detergent purchasing decisions across the region, says GlobalData, a leading data and analytics company.

    Naveed Khan, Consumer Analyst at GlobalData, comments: “Eco-friendly detergent formulations with ingredients such as plant extracts, essential oils, enzymes, and natural preservatives are becoming increasingly popular. These ingredients are perceived by consumers to have low to no environmental impact, throughout the product lifecycle from production till disposal.”

    GlobalData 2024 Q3 Consumer Survey* corroborates this trend, where 80% of the consumers in Asia & Australasia regard “sustainable/environmentally friendly” attributes in product purchases as either essential or nice to have. In the same survey, 79% consider the same for “recyclable packaging” tags.

    In response, detergent manufacturers are making their production process sustainable and ecologically friendly to attract consumers. For instance, in Malaysia, Ouji Seiyaku introduced a detergent liquid under its Fab Zero brand name. According to the company, the product is biodegradable and contains plant-derived ingredients such as alkyl glycoside from corn fermentation extract. Similarly, in Singapore, Watson’s Personal Care Stores launched Orita-branded laundry detergent with 97% biodegradable ingredients, which includes coconut oil.

    Deepak Nautiyal, Consumer and Retail Commercial Director, APAC and ME at GlobalData, adds: “Consumers seek environmentally friendly packaging as concerns about increasing packaging wastes, which end up in landfills and oceans, polluting the region’s land, water, and air, mounts. Thus, packaging features such as zero plastic packaging, 100% recyclable packaging, and biodegradable packaging are increasingly offered by manufacturers to capitalize on the growing consumer concerns.”

    In line with this, in Malaysia, sustainable detergent brand, The Laundry Pods, introduced its line of bio-enzyme laundry pods with plastic-free packaging. Similarly, in Singapore, Bio-Home branded Laundry Sheet Detergent with completely dissolvable detergent sheets packed in paperboard box was awarded the WorldStar Award at the 2024 Singapore Packaging Star Awards.

    Khan concludes: “Increasing consumer demand for sustainable and ecologically safe options will create new growth opportunities for manufacturers to improve their shares. However, incorporating sustainable aspects, ingredients, and materials in the production process will require more investments. Thereby striking the right balance between increasing production costs and keeping prices competitive while compromising on margins will be challenging for manufacturers.”

    *GlobalData 2024 Q3 Consumer Survey – Asia & Australasia, published in October 2024, included 6,131 respondents

    MIL OSI Economics

  • MIL-Evening Report: Donald Trump ‘unfit to lead’ – vote for Harris, warns New York Times

    Pacific Media Watch

    The editorial board of The New York Times has demolished Donald Trump in a single paragraph calling on readers to vote for Vice-President Kamala Harris in today’s US elections.

    The editorial, published on Saturday, was only the Times’ latest attack on the former president in the run-up to the election, but the searing indictment was all the more brutal for its brevity.

    The 10-line editorial simply said:

    “You already know Donald Trump. He is unfit to lead. Watch him. Listen to those who know him best. He tried to subvert an election and remains a threat to democracy. He helped overturn Roe, with terrible consequences. Mr. Trump’s corruption and lawlessness go beyond elections: It’s his whole ethos. He lies without limit. If he’s re-elected, the G.O.P. won’t restrain him. Mr. Trump will use the government to go after opponents. He will pursue a cruel policy of mass deportations. He will wreak havoc on the poor, the middle class and employers. Another Trump term will damage the climate, shatter alliances and strengthen autocrats. Americans should demand better. Vote.”

    The dismissal of Trump by The Times was in contrast to two other major US newspapers, both owned by billionaires — The Washington Post and the LA Times — which last month controversially refused to make an editorial call.

    “You already know Donald Trump. He is unfit to lead.” The brief editorial in The New York Times on Saturday, Image: NYT screenshot APR

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: Speech by SJ at Second Legal Forum on Interconnectivity and Development (English only)

    Source: Hong Kong Government special administrative region

         Following are the closing remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Second Legal Forum on Interconnectivity and Development under the Hong Kong Legal Week 2024 today (November 5):

    Your excellencies, distinguished guests, ladies and gentlemen,

         Thank you very much again for participating in this year’s Second Legal Forum on Interconnectivity and Development. I would first like to express my gratitude to the Commissioner’s Office of China’s Foreign Ministry in the Hong Kong SAR (OCMFA) for co-organising this forum with the Department of Justice (DoJ) of the Hong Kong SAR. OCMFA’s support and contribution are invaluable to the success of this event.

         I would also like to extend my sincere thanks to the Asian Infrastructure Investment Bank (AIIB) and especially to their General Counsel, Mr Alberto Ninio, who delivered an impactful keynote address on promotion of good governance and high-quality development under international law earlier this morning. Hong Kong, China became a member of AIIB in 2017. Our arrangement for secondment of DoJ counsel to the legal department of AIIB in the past few years has been conducive to enhancing our collaboration with AIIB and strengthening the development of Hong Kong international legal and dispute resolution services, especially in the financial fields.

         Following the keynote address from AIIB, the two Panel Sessions examined the critical importance of legal connectivity in our increasingly globalised landscape, as well as its impact across various fields, from international trade and commerce, dispute resolution, sanctions to emerging domains such as the governance of artificial intelligence (AI). The experience and practice of Hong Kong in connecting with high-standard international legal rules provide a good illustration for our discussion. Allow me to reflect briefly on today’s discussions and Hong Kong’s role in these vital developments.

    Cross-border legal connectivity and China’s foreign-related rule of law

         Legal connectivity transcends borders, bringing jurisdictions closer and promoting shared prosperity. As President Xi Jinping has noted, the fundamental purpose of advancing foreign-related rule of law is to better safeguard the interests of the country and the people, promote the progress of international rule of law and the development of a community with a shared future for mankind. China’s institutional opening-up progresses alongside its development of foreign-related legal frameworks. The rule of law forms the foundation of a favourable business environment.

         The first session explored Hong Kong’s evolving legal landscape, where, under the “one country, two systems” framework, it serves as a strategic nexus for trade and commerce and dispute resolution, regionally in the Guangdong-Hong Kong-Macao Greater Bay Area, as well as internationally. In this era of ever-changing global business norms, as China’s institutional opening-up progresses, Hong Kong serves not only as a “super-connector” but also provides unique legal services under its legal and international arbitration framework.

    Rule of law to safeguard sustainable development

         On the importance of the rule of law to mitigate risks and to safeguard Hong Kong’s and national sustainable development, the learned speakers have shared their insights into the global developments in financial sanctions and anti-sanctions, as well as legislative trends on anti-interference in major western countries.

         As AI rapidly advances, it transforms industries and economies in a revolutionary way. This also brings with it complex global regulation and governance issues and related risks. As the final report on this subject by the United Nations Secretary-General appointed panel concludes, “the very nature of the technology itself – transboundary in structure and application – necessitates a global approach”. The discussions on this topic today are timely and relevant as we consider how to safeguard sustainable development in an increasingly inter-connected world with AI.

         As President Xi stressed during the 16th BRICS Summit, “as the world becomes more turbulent, it is even more important to uphold the banner of peace, development, co-operation and win-win outcomes”. It is my sincere hope that the discussions in today’s forum could bring out a spirit of co-operation and collaboration in traditional fields like economy and trade, as well as emerging areas like artificial intelligence, with our sustainable development safeguarded by the rule of law.

    Hong Kong as a global legal and dispute resolution hub

         On co-operation and development, aligned with Hong Kong’s development of “eight centres” as outlined in the National 14th Five-Year Plan, the Department of Justice has taken forward policies to strengthen Hong Kong’s role as a leading legal and dispute resolution hub.

         The staunch support of the Central People’s Government in strengthening the city as a centre for international legal and dispute resolution services in the Asia-Pacific region under the National 14th Five-Year Plan can be demonstrated by the establishment of the International Organization for Mediation (IOMed) Preparatory Office last year. The IOMed Preparatory Office has successfully facilitated the conclusion of negotiations on the Convention on Establishment of the IOMed last month. A decision has also been made by all the negotiating parties that a signing ceremony of the Convention will be held in Hong Kong next year and the IOMed headquarters will also be situated in Hong Kong once the Convention has entered into force.

         As the world’s first intergovernmental international legal organisation dedicated to resolving international disputes through mediation, IOMed is important for the implementation of settling international disputes by peaceful means as set out in the United Nations Charter. Upon its establishment, the IOMed will provide friendly, flexible, economical and efficient mediation services, thereby building Hong Kong as a capital for international mediation.

         Apart from exciting development on IOMed, we also continue to enhance our collaboration with prominent law-related international organisations, such as the International Institute for the Unification of Private Law (UNIDROIT), with which we co-organised this year’s Asia-Pacific International Private Law Summit yesterday. We are also in active discussion with UNIDROIT for the possible establishment of its liaison office in Hong Kong in the near future. These forms of collaborations enable Hong Kong to contribute to and align with international standards, thus enhancing its appeal as a global hub for dispute resolution.

         In addition, with the support of the Central People’s Government and the assistance of the OCMFA, the Department of Justice has put in place programmes to second local legal talents to several law-related international organisations including the UNIDROIT. Through participating in the work of such international organisations, local legal professionals can enhance their knowledge of international legal matters and develop global vision. Nurturing Hong Kong’s legal talents is crucial for the sustainable development of the legal community, for consolidating our position as a leading international legal and dispute resolution services centre and for the long-term development of the rule of law, matters to which the Central Authorities and the HKSAR Government have attached great importance.

    Fostering legal talent: Hong Kong International Legal Talents Training Academy

         Following the announcement in the Chief Executive’s 2024 Policy Address, the Hong Kong International Legal Talents Training Academy will be officially launched on this Friday, Day five of Hong Kong Legal Week. To make good use of Hong Kong’s bilingual common law system and international legal status, the Training Academy will regularly organise practical training courses, seminars, international exchange programmes and more to promote exchanges among talents in regions along the Belt and Road region. It will also provide training for talents in the practice of foreign-related legal affairs for the country, and cultivate legal talents to be familiar with international law, common law, civil law, national legal systems and other legal areas. In future, our Department will make use of this capacity building platform to enable practitioners from different jurisdictions to exchange ideas on promoting the culture of harmony.

    Looking ahead: Hong Kong’s future role as an international legal hub

         Looking to the future, we are reminded of the traditional Chinese saying by Confucius, in Chinese is “å�›å­�和而ä¸�å�Œ and in English “a gentleman seeks harmony, not uniformity”. This philosophy encourages us to pursue a shared vision despite our differences, and is crucial for enhancing interconnectivity and development in building a community of shared future for mankind. In our interconnected world, such harmony through diversity is essential for achieving lasting success and mutual respect across boundaries. Hong Kong’s dedicated efforts in aligning with and contributing to international legal standards, its experience in international dispute resolution, as well as its commitment to legal capacity-building could leave a positive impact as the world navigates through complex challenges. As China moves towards deeper institutional opening-up, Hong Kong has a significant role to play in facilitating international engagement and promoting the progress of international rule of law.

         In closing, my sincere thanks to all speakers, participants, supporting organisations, colleagues at the OCMFA and the DoJ for making this forum a success. I look forward to your support for the Third Legal Forum on Interconnectivity and Development next year. Thank you very much.

    MIL OSI Asia Pacific News