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Category: Asia Pacific

  • MIL-OSI United Kingdom: Building partnerships to protect the UK from cyber crime

    Source: United Kingdom – Government Statements

    Security Minister, Dan Jarvis, delivered a speech at the PREDICT 2024 Conference on 22 October.

    Delivered on:
    22 October 2024 (Transcript of the speech, exactly as it was delivered)

    Thank you and good morning.

    It’s a great privilege to be with you at PREDICT 2024 today taking place right in the very heart of London’s thriving knowledge quarter.

    I’d like at the outset to take this opportunity to thank Recorded Future for your hard work in bringing us together over these 2 days.

    Not least because I think that forums like these provide us with a crucial platform to connect, share ideas and to learn from one another.

    When our world feels increasingly less certain and increasingly more volatile, it is reassuring to know that last night, as with every night, many of you here today, made it safer.

    Across the UK, millions of phones charging next to our beds were patched whilst we were sleeping – better protecting our messages, our photos and our personal information, frankly, our entire lives these days from constantly mutating cyber threats.

    For ministers like me, there will be 2, maybe even 3, phones next to our beds, but add them to millions more devices and their networks that our world now relies on to function.

    The role that the global community of defenders plays in disrupting and defeating cyber-crime is more than just vital – it’s existential.

    So, I want to say this morning that this country, our country, is enormously in the debt of many of you in this room who strive, day in, day out to protect us all.

    Your work, your dedication and your accomplishments have never been more important.

    Yet, it may be the case, that they have never been more taken for granted, because most will only notice, could only ever notice, when things go wrong.

    Who knew what Synnovis were and the vital service they provide to the NHS until ransomware criminals struck?

    Outside of tech circles, who knew the name Crowdstrike before a wayward patch ground international aviation to a halt?

    How many of the millions of Australian or US citizens, who relied on their services, could have identified the logos of Colonial Pipeline or Medibank before they were attacked? So today, I want to focus on this unnoticed and often unappreciated reality.

    I want to talk about the need for constant vigilance in defending our digital world and how we can do so better and together.

    Now, as I’ve already touched upon, our international rules-based system is being severely tested and technological advances continue to evolve at pace.

    Advances in technology bring both risks and opportunities for us all.

    We have all moved our lives online. In this respect, the UK stands out from other countries in its digital development.

    Indeed, it was national news when the card machine stopped working across Greggs’ stores one morning in March this year. Alongside paying for sausage rolls with our smart watches, there are opportunities to harness technology’s vast potential in areas such as healthcare, education and, of course, security.

    But we must also address the evolving risks and maintain a posture of constant vigilance, including by keeping up with developments in artificial intelligence, which show unstoppable momentum.

    Emerging technologies are changing the nature of diplomacy, trade and competition, driving it online and thus onto our devices and into our pockets.

    The much bigger global IT outage in July demonstrated our near universal dependence on technology.

    For businesses, physical premises are interchangeable with digital platforms when it comes to delivering services and making money.

    Beyond AI, quantum technologies, future, telecoms, connected devices, robotics and drones are rapidly reshaping the landscape.

    Put simply, cyber security is national security.

    Therefore, cyber incidents such as ransomware attacks, network intrusions for cyber espionage or IP theft have significant and complex consequences.

    When organisations are targeted, there can be knock on effects on the UK’s economic resilience.

    Data is becoming an ever more valuable commodity. Last year, the UK saw over a million reported Computer Misuse Act offences, most of which sort out personal data.

    These crimes are estimated to cost the UK economy billions of pounds every year.

    When public services or critical national infrastructure are targeted, there are implications for our national security.

    Criminals exploit this and are early adopters of the latest technology.

    The UK, and the international response must keep pace, and where possible, develop a competitive edge to mitigate these risks.

    If misused, artificial intelligence and machine learning can intensify the impact and scale of cyber-crime.

    Criminals are offering exploitation kits and hacking as a service, making it systems and data compromise increasingly accessible network attack surfaces and opportunities to target third party suppliers are expanding exponentially.

    Unauthorised computer access can lead to a wide range of frauds, theft, extortion, and can also facilitate stalking, domestic abuse and harassment.

    These crimes cause significant harm to the UK, destroying businesses and ruining lives.

    That’s why the government is reviewing the threats that we face and addressing priority cyber threats like ransomware, which is the most acute cyber threat facing most UK organisations.

    It’s also why we are making progress on counter ransomware, and the UK continues to lead international efforts, including through the counter ransomware initiative and by sanctioning 36 cyber-criminal actors since 2021, including ransomware actors like Evil Corps, the clue is in the name, LockBit and Trickbot.

    This year, the UK’s National Crime Agency also led a global effort to disrupt LockBit, the world’s most prolific ransomware group.

    Now we are increasingly seeing the impactful effects of combining law enforcement efforts, disruptive operations and interventions like sanctions that de-anonymise, disrupt and deter cyber criminals through a whole government response.

    But there is much more that we need to do.

    We are considering all options available to us, including reviewing the Computer Misuse Act to strengthen our response to the threat.

    But it’s not only criminals who use cyber to target the UK.

    Our intelligence agencies and international partners work around the clock to expose and counter malicious activities that threaten our interests.

    As Mi5 Director General Ken McCallum set out earlier this month, autocratic states persist in their efforts to undermine UK security.

    States, including Russia and China, are investing in advanced cyber operations, and it is a national security priority to detect, disrupt and deter this activity.

    Russia is home to one of the most expansive and destructive cyber-criminal communities in the world, which targets global businesses with ransomware and other forms of cyber-attack for profit.

    The Kremlin deliberately turns a blind eye to the activities of many cyber criminals within its jurisdiction, choosing not to prosecute, as long as their crimes serve the regime’s interests.

    But the Russian state also has extensive cyber capabilities of its own.

    The National Cyber Security Centre (NCSC), has confirmed Russian attempts to target key sectors of the British economy, including the UK media, telecommunications, political and democratic institutions and energy infrastructure.

    We will not tolerate Russian cyber interference and will continue to work with our international allies to expose Russian cyber aggression and hold the Kremlin to account for its malign activity.

    Compared to Russia, China presents a more complex and significant long term cyber challenge, and there have been a number of high-profile China linked cyber-attacks over the past few years, varying in intensity and sophistication.

    We will continue to engage with China, and we want to see a constructive debate aimed at making cyberspace a safer place to do business for companies and consumers.

    That is why we regularly raise issues with China, and we will keep calling out all state and non-state actors for malicious activity when it is necessary to do so.

    For instance, the UK supported by global allies, publicly attributed and sanctioned Chinese state-affiliated actors responsible for malicious cyber campaigns targeting the UK democratic institutions.

    Working alongside our Five Eyes partners and others, the UK continues to strengthen our defences, safeguard our institutions and protect sensitive data from these ever-growing threats.

    NCSC, combining its cyber expertise with unique intelligence insights, remains decisive in ensuring that the UK stays ahead of these state sponsored threats.

    As this year is a year of elections around the world with around 4 billion people going to vote, and we know that malign actors target the freedoms and democratic processes which are integral to our way of life.

    Foreign states and domestic actors use disinformation and harmful material online in a bid to undermine our democratic institutions.

    The recent general election here in the UK was a prime opportunity for our adversaries to mount a major information attack on the UK in an attempt to affect the outcome.

    Government planned for such an incident, but fortunately, this did not happen.

    Although attempts at interference do not stop with electoral events, and we are alive to this ever present-threat to our democracy, especially the use of disinformation.

    Vigilance and effective cross government working is especially needed as AI technology threatens to exacerbate existing information threats, enabling harmful messages to spread at speed and scale, and making disinformation more difficult to spot.

    We are particularly concerned that a steady stream of disinformation and harmful material online can lead to a slow poisoning of our public discourse that attempts to divide our communities.

    We saw some of this play out during the summer with false information and inflammatory content spread rapidly online, contributing to violent disorder in some parts of our country.

    These are complex issues which many democracies face, and that’s why we are working with international allies to share learning and expertise and with social media companies to hold them accountable for keeping online users safe.

    The defending democracy Task Force is at the heart of much of this work. It is an enduring function that coordinates government’s response to these ever-present threats to our democracy.

    The first duty of any government is to protect the nation and in an ever-evolving world with new and complex threats, collaborative working across government, law enforcement, industry and civil society is absolutely fundamental to driving innovative approaches to the UK’s most pressing challenges.

    This can only be achieved if our work to keep our country safe and secure goes hand in hand with our plan to improve UK prosperity.

    Without national security, we cannot kick start economic growth, become a clean energy superpower, take back our streets, break down barriers to opportunity, or build an NHS fit for the future.

    Our work in National Security provides the foundation to enable these missions.

    Breaking down barriers to opportunity enhances the protective factors for those vulnerable to radicalisation, mis and disinformation, or serious and organised crime. We continuously seek to support and strengthen our national security machinery.

    The government is reviewing several policy areas, especially in light of the spending review. The perspectives of the private sector, will be pivotal in these decisions and discussions.

    Indeed, collaboration between the government, the private, and third sectors are key to addressing national security risks.

    By building an enduring and balanced partnership, we can work together to strengthen the UK’s response and resilience.

    The NCSC leads the industry 100 i 100 initiative which enables diverse minds to challenge thinking and tackle systemic vulnerabilities in cyber security.

    The cyber insurance industry is another key partner and is crucial in the cyber threat mitigation ecosystem, providing protection from cyber based risks such as ransomware and hacking.

    In May of this year, 3 major UK insurance bodies, the Association of British Insurers, the British Insurers Brokers Association and the International Underwriting Association, united with the NCSC to publish joint guidance. This guidance, aimed at 14 cyber-criminals’ profits by reducing the number of ransoms paid by UK ransomware victims, was a powerful show of collaborative government and industry working.

    Since then, and with continued partnership from the three insurance bodies, this guidance has since been internationalised through the Counter Ransomware Initiative, with 40 countries and 8 global insurance bodies signing up.

    The government will continue to work closely with industry researchers, academics and the wider public sector to collectively address risks to our national security.

    The work done across these sectors by organisations like Recorded Future, and those here in the room today, are vital to securing the UK’s National Security.

    To conclude, the threats that we face are evolving rapidly, but so too are the opportunities for innovation and collaboration.

    The challenge for all of us, whatever our sector or discipline, is to stay ahead of the threats whilst maximising the opportunities.

    That is why events like PREDICT 2024 are so important, and it is why we must tackle this critical mission together in a spirit of true partnership and collaboration.

    Thank you.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Asia-Pac: DH urges public not to buy or consume product with undeclared controlled drug ingredient (with photos)

    Source: Hong Kong Government special administrative region

         â€‹The Department of Health (DH) today (October 30) urged the public not to buy or consume a product, namely Firstwell Tongkat Ali Premix Coffee, as it was found to contain an undeclared controlled drug ingredient.
          
         Acting upon a public complaint, the DH obtained samples of the above product via online platforms for analysis. Test results from the Government Laboratory revealed that the samples contained sildenafil, which is a Part 1 poison under the Pharmacy and Poisons Ordinance (Cap. 138) (the Ordinance). The product is not registered pharmaceutical product in Hong Kong. The DH’s investigation is continuing.
          
         Sildenafil is a prescription drug used for treatment of erectile dysfunction, and should only be used under a doctor’s advice and be supplied in a pharmacy under the supervision of a registered pharmacist upon a doctor’s prescription. Side effects of sildenafil include low blood pressure, headaches, vomiting, dizziness and transient vision disturbances. It may interact with some drugs (such as nitroglycerin for the treatment of angina) and cause a decrease in blood pressure to dangerous levels. Improper use of sildenafil may pose serious health risks, especially for patients with heart problems.

         According to the Ordinance, all pharmaceutical products must be registered with the Pharmacy and Poisons Board of Hong Kong before they can be legally sold in the market. Illegal sale or possession of unregistered pharmaceutical products or Part 1 poisons are criminal offences. The maximum penalty for each offence is a fine of $100,000 and two years’ imprisonment.
          
         The DH spokesman strongly urged members of the public not to buy products of unknown or doubtful composition, or to consume products from unknown sources. All registered pharmaceutical products should carry a Hong Kong registration number on the package in the format of “HK-XXXXX”. The safety, quality and efficacy of unregistered pharmaceutical products are not guaranteed. Members of the public who have purchased the above products should stop consuming them immediately. They should consult healthcare professionals for advice if feeling unwell after consumption. The public may submit the products to the Drug Office of the DH at Room 1804-1806, 18/F, Wing On Kowloon Centre, 345 Nathan Road, Kowloon, during office hours for disposal.
          
         The public may visit the webpage of the DH’s Drug Office’s page for the health message on sexual dysfunction and virility products and virility products found to contain undeclared Western medicines.      

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Submissions: Universities – New genetic web tool to help restore climate-resilient marine ecosystems – Flinders

    Source: Flinders University  

    Australians love their coastal and marine environments but much of the world’s ecosystems are in various stages of decline and in urgent need of restoration.
    In the face of increased human pressures and climate change, a team of Australian scientists led by Dr Georgina Wood at Flinders University have launched a new online tool to assist marine managers and restoration experts to bolster the resilience of marine habitat-forming species. (ref. https://www.reefadapt.org/ )
    The ‘Reef Adapt’ initiative, developed by experts from the NSW Department of Primary Industries and Regional Development (NSW DPIRD), Flinders University and The University of Western Australia (UWA), aims to expand the tools available to promote diverse, adaptable and resilient ecosystems.
    Described in a new article in Communications Biology, Reef Adapt harnesses genetic data from diverse marine species – including key reef-building corals and habitat-forming kelps, but with scope to expand to other taxa – to map out areas likely to harbour populations adapted to current and future environmental conditions.
    The innovative web platform is designed for the rapid inclusion of genetic, biophysical and environmental data into planning of marine restoration and assisted conservation initiatives.
    The tool provides users with maps that identify areas with populations suited to their specific restoration sites under current and future climate scenarios. The platform will initially house data for 27 species collected from 420 sample locations across the globe. Users will also be able to upload their own data to the site, further supporting the conservation of other species and areas.
    While guidelines for terrestrial ecosystem restoration seed-sourcing exists, for example, the US National Seed Strategy and Australia’s Florabank, Reef Adapt is one of the first tool of its kind for marine environments.
    The project follows similar projects on land, such as Australia’s NSW Restore and Renew program, to remove barriers of access to genetic data and improve restoration and assisted gene flow.
    Dr Georgina Wood, an Australian Research Council Early Career Industry  Fellow with Flinders University and Adjunct Research Fellow at UWA, says global efforts to restore ecosystems are intensifying, including the Convention on Biological Diversity’s recent adoption of the Kunming-Montreal Global Biodiversity Framework which aims to put 30% of degraded ecosystems under effective restoration by 2030.
    “Alongside the increase in scale of marine restoration projects, there is a need ensure that restoration practices keep up with the latest available science, including the use of cutting-edge genomic information to make informed decisions about where to source restoration stock material,” says researcher Dr Wood.
    “Our world is changing now more rapidly than ever before. Ideally, every restoration project would incorporate climate adaptation into their design, but the data needed for this are typically difficult to access. Reef Adapt puts this information directly into the hands of both managers and practitioners,” she says.
    The easy-to-use web platform hosts vital genetic information for government, not-for-profit and community organisations – removing barriers of access to vital information that the team hopes will improve both immediate and long-term restoration outcomes.
    Dr Melinda Coleman, NSW DPIRD Senior Principal Research Scientist, says the Reef Adapt online webtool will help guide marine restoration and assisted adaptation programs now and into the future.
    “The revolutionary new Reef Adapt tool will use cutting-edge genomic data and seascape analyses to help marine managers, restoration practitioners and other stakeholders including aquaculture make informed decisions about where to source stock for restoration or aquaculture as well as help select climate proof stock that will withstand future ocean conditions,” explains says Dr Coleman.
    “We hope that this webtool will be used broadly across marine and conservation managers, community groups or anyone embarking on marine restoration as well as aquaculture proponents.”
    Dr Wood says the new Nature article and user manual give examples, with several case studies of ecologically and evolutionarily diverse taxa, including the staghorn coral (Acropora kentii), cauliflower coral (Pocillopora damicornis), golden kelp (Ecklonia radiata) and crayweed (Phyllospora comosa).
    Development of the tool required collection of almost 10,000 reference data points from published population genetic literature, as well as a suite of environmental data and oceanographic models.
    The article, ‘Reef Adapt: A tool to inform climate-smart marine restoration and management decisions’ (2024) by GV Wood (Flinders), KJ Griffin (UWA), M van der Mheen (UWA), MF Breed (Flinders), JM Edgeloe (UWA), C Grimaldi (UWA / Australian Institute of Marine Science, Perth), A Minne (UWA), I Popovic (University of Queensland), K Filbee-Dexter (UWA / Institute of Marine Research, Norway), MJH van Oppen (Australian Institute of Marine Science, Townsville / University of Melbourne), T Wernberg (UWA / Institute of Marine Research, Norway) and MA Coleman (UWA / NSW DPI, Fisheries) has been published in Communications Biology DOI: 10.1038/s42003-024-06970-4 (link to come).
    Dr Georgina (‘George’) Wood will present on the use of digital tools to progress marine restoration at the 10th Western Society of Naturalists’ annual meeting in Oregon, US next month.  Dr Wood and Dr Coleman also presented on Reef Adapt at the Adapt NSW 2024 conference in Sydney this week.
    Acknowledgements: The researchers received support from an ARC Linkage grant and ARC Industry Fellowship to GV Wood, the NSW Marine Estate Management Strategy and NSW DPIRD, as well as the Norwegian Research Council GecoKelp Project.

    MIL OSI – Submitted News –

    January 25, 2025
  • MIL-OSI USA: Does Daylight Saving Time Actually Save? Research Shows Costs Outweigh Benefits

    Source: US State of Connecticut

    As we prepare to fall back once again this year on Sunday, Nov. 3, debates over the costs and benefits of Daylight Saving Time are sure to reemerge.

    A bill to permanently end the practice passed in the Senate in 2022 and awaits further movement through the House of Representatives, indicating the argument to overturn the century-old policy is heating up.

    Shinsuke Tanaka, assistant professor and director of graduate studies in the Department of Agricultural and Resource Economics, has published work that helps inform this policy debate with evidence about the costs of Daylight Saving Time (DST).

    When Tanaka, who is originally from Japan, first came to the U.S., Daylight Saving Time felt like a shock, as Japan does not engage in the practice.

    An expert in environmental and health economics, Tanaka decided to look into the costs and benefits of DST. He found that many other researchers had been questioning the economic, environmental, and health impacts as well.

    DST was first implemented during World War I as an energy saving policy. However, recent studies have found that people actually consume more energy during DST, because with more daylight, people run air conditioners for longer, even if their lights aren’t on for as long.

    “The cooling consumes more energy, and the studies have shown that the energy consumption overall increases during Daylight Saving Time,” Tanaka says.

    People also go out more often during the extended daylight, usually in cars, which increases carbon emissions.

    For his research, Tanaka focuses on Indiana, because until 2006, only some counties in Indiana participated in Daylight Saving Time. This means Tanaka can look at data from before 2006 and after and get a clear picture of any changes that may be related to the start of participating in the policy.

    Shinsuke Tanaka, assistant professor of agricultural and resource economics. (Contributed photo)

    “This creates the change in policy,” Tanaka says. “So, I can see what happened without DST in the previous year, and then I can see what happened to some outcome after they adopted DST.”

    Tanaka focuses on heart attacks, one of the most serious health impacts related to DST. Previous studies demonstrated that the number of heart attacks increases after the time change in spring, when clocks move forward one hour.

    This may be because people lose an hour of sleep in the spring transition, which has many negative health impacts. Our internal clocks also become misaligned with the external environment.

    “There is no clear mechanism in the medical literature,” Tanaka says. “But the evidence shows that sleep is important for cardiovascular diseases, and people do lose one hour of sleep during the spring forward, so then we can infer that this is one of the mechanisms.”

    Tanaka found a 27% increase in the number of heart attacks in Indiana for two weeks after springing ahead when the entire state started practicing DST compared to the year before, while no significant impact was observed at the fall transition. This increase at the spring transition was substantially higher than other studies which had found more modest changes, closer to 5%, in other countries.

    Tanaka explains this difference may be due to differences in physical environments and lifestyle habits between countries. Tanaka was also better able to control for seasonality because he compared data from before and after the transition to practicing DST.

    “Indeed, we found that heart attacks would have declined without DST, and that’s not quite controlled for in the medical literature,” Tanaka says. “In my own study, we can see what happened without practicing DST at this time of year so we can better control for that and then we find much bigger impacts.”

    Some have argued that this short-term negative health impact is offset by the opportunity to engage in more outdoor physical activity in the extended daylight. Tanaka, however, has shown that this is not the case. His research presents the first comprehensive evidence examining the overall impacts during Daylight Saving Time, countering the notion that the benefits of increased daylight could compensate for these harms.

    “That’s an important piece of evidence when it comes to the policy debate because people don’t just worry about the short-term impacts, but what is the overall impact,” Tanaka says. “So that’s what we need to understand.”

    Tanaka found that the increase in the number of heart attacks remained relatively consistent from year-to-year, indicating that it was just a shock from starting the practice for the first time in 2006.

    “It’s hard to justify this policy at this point,” Tanaka says. “There’s no such big benefit that can justify the significant costs that we see in many aspects.”

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Stock Yards Bancorp to Participate in the 2024 Hovde Group Financial Services Conference

    Source: GlobeNewswire (MIL-OSI)

    LOUISVILLE, Ky., Oct. 30, 2024 (GLOBE NEWSWIRE) — Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO and T. Clay Stinnett, EVP and CFO will participate in the 2024 Hovde Group Financial Services Conference to be held November 6th through November 8th, and will participate in a series of meetings with institutional investors.

    Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, www.syb.com, on or before November 6, 2024.

    Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $8.4 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The Nasdaq Stock Market under the symbol “SYBT.”

    Contact:
    T. Clay Stinnett
    Executive Vice President,
    Treasurer and Chief Financial Officer
    (502) 625-0890

    The MIL Network –

    January 25, 2025
  • MIL-OSI Economics: RBI to conduct 14-day Variable Rate Reverse Repo (VRRR) auction under LAF on October 31, 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 October 31, 2024, Thursday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor
    (day)
    Window Timing Date of Reversal
    1 1,75,000 14 10:30 AM to 11:00 AM November 14, 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.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1403

    MIL OSI Economics –

    January 25, 2025
  • MIL-OSI Asia-Pac: Kevin Yeung begins Portugal visit

    Source: Hong Kong Information Services

    Secretary for Culture, Sports & Tourism Kevin Yeung made a presentation on a bid to host the 2026 Association of National Olympic Committees (ANOC) General Assembly in Hong Kong at a meeting in Cascais, Portugal, yesterday.

    Also as part of his Portugal itinerary yesterday, Mr Yeung exchanged views with various members of the ANOC Executive Council, together with President of the Sports Federation & Olympic Committee of Hong Kong, China (SF&OC) Timothy Fok in the morning.

    Mr Yeung made the presentation on the bid to host the 2026 ANOC General Assembly in Hong Kong while attending the ANOC Executive Council meeting alongside a delegation from the SF&OC in the afternoon.

    He illustrated that Hong Kong is the ideal place for hosting international events given its strengths and advantages.

    Mr Yeung highlighted that the city has a fair and mature legal system thanks to the successful implementation of the “one country, two systems” principle since the establishment of the Hong Kong Special Administrative Region, enabling the city to maintain its social stability.

    Apart from pointing out that Hong Kong is also an events capital of Asia and the world’s meeting place, he emphasised that as an international city, Hong Kong is widely connected with the rest of the world.

    Mr Yeung added that Hong Kong has been actively advancing the development of sports in the community, supporting elite sports, promoting Hong Kong as a centre for major international sports events, enhancing sports professionalism and developing sports as an industry.

    In recent years, Hong Kong athletes have achieved impressive results in major international games, Mr Yeung noted. He also shared with those at the meeting the imminent commissioning of the Kai Tak Sports Park in the first quarter of 2025, making it the largest sports infrastructure project in Hong Kong’s history.

    Additionally, Mr Yeung attended a reception hosted by the city of Cascais, during which he exchanged views with Sports & International Affairs City Councillor Francisco Kreye and other leading figures in the world of sports.

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Asia-Pac: 19th Eco Expo Asia opens today (with photos)

    Source: Hong Kong Government special administrative region

    19th Eco Expo Asia opens today (with photos)
    19th Eco Expo Asia opens today (with photos)
    ********************************************

         The 19th Eco Expo Asia is being held at AsiaWorld-Expo from today (October 30) to November 2. The theme of the Expo this year is “Fostering Green Innovations for Carbon Neutrality”. About 190 officials from around 40 official delegations from various cities and provinces in Mainland China, the Association of Southeast Asian Nations (ASEAN) and Belt and Road countries have been invited, bringing together international exhibitors, industry professionals to showcase cutting-edge green solutions, exchange views and share experiences.      Speaking at the opening ceremony, the Secretary for Environment and Ecology, Mr Tse Chin-wan, said, “Eco Expo Asia is a golden opportunity for us to discuss and advance our shared commitments to a sustainable future. Green innovation solutions are of paramount importance in our decarbonisation journey. During the Expo, we will see the latest innovations and technologies around the world in new energy, climate adaptation and other environmental areas.”      Mr Tse remarked that this year marks the 75th anniversary of the founding of the People’s Republic of China. The documentary series “Enchanting China” was produced by the Environment and Ecology Bureau (EEB) and the Environmental Protection Department, in collaboration with the Center for Environmental Education and Communications of the Ministry of Ecology and Environment. “Beautiful Hong Kong” was produced by the EEB. The two documetaries showcase the contributions and achievements made by the country and the Hong Kong Special Administrative Region (HKSAR) Government in environmental protection and nature conservation. An extract of “Enchanting China” and “Picturesque Bays of Hong Kong”, the first episode of “Beautiful Hong Kong”, was shown at the opening ceremony.      Mr Tse stressed that although Hong Kong’s carbon emissions peaked in 2014, and compared to the peak carbon emissions today have been reduced by about a quarter already, achieving carbon neutrality in Hong Kong by 2050 is still a significant challenge. The HKSAR Government is boosting the promotion of green low-carbon transformation and the development of new energy, new productive forces and green scientific research industries through multiple measures, leading Hong Kong towards carbon neutrality.      The Secretary of the Leading Party Members Group of the Ministry of Ecology and Environment of the People’s Republic of China, Mr Sun Jinlong, was invited to give a keynote speech at the opening ceremony. The Expo’s feature event, the Eco Asia Conference, is being held from today to November 1. In the Government Session, the Deputy Secretary General of the National Development and Reform Commission of the People’s Republic of China and the Director of the Department of National Economy, Mr Yuan Da, and the Director-General of the Department of Energy Conservation and Resources Comprehensive Utilization of the Ministry of Industry and Information Technology of the People’s Republic of China, Mr Wang Peng, introduced the latest environmental policies of the Mainland. In addition, the Vice Minister of the Lao People’s Democratic Republic Ministry of Natural Resources and Environment, Mr Phouvong Luangxaysana; the General Manager of Saudi Arabia’s Corporate Communications and Media of the Ministry of Environment, Water and Agriculture, Mr Saleh Abdulmohsen S Bindakhil; the Permanent Secretary of Myanmar’s Ministry of Natural Resources and Environmental Conservation, Mr Hla Maung Thein; the Director of Brunei’s Department of Environment, Parks and Recreation of the Ministry of Development, Ms Hajah Martinah binti Haji Tamit; and the Deputy Director General of the Vietnam Institute of Meteorology, Hydrology and Climate Change, Dr Le Ngoc Cau, shared their countries’ latest environmental and conservation policies.      The Conference will once again feature the Hydrogen Economy Forum, allowing Hong Kong to capitalise on the environmental and economic opportunities brought by the global development of hydrogen energy, helping Hong Kong to achieve carbon neutrality, developing new quality productive forces, and maintaining international competitiveness.     The EEB continued to participate in the Expo this year by setting up four exhibition zones, namely: “Smart Technology”, “Energy-saving and Green Buildings”, “Community Waste Reduction”, and “Green Transportation”, highlighting the HKSAR Government’s various measures and achievements in decarbonisation. The “Smart Technology” zone introduces high-tech applications in daily environmental protection work, including artificial intelligence (AI) environmental air disturbance detection mechanical dogs, 5G mesh network sampling robot teams, AI coastal cleaning monitoring systems, and AI construction noise recognition systems; the “Energy-saving and Green Buildings” zone covers the sustainable development of an online platform for electromechanical innovation and regional cooling systems; the “Community Waste Reduction” zone introduces smart recycling; and the “Green Transportation” zone highlights Hong Kong’s latest development of hydrogen energy and displays the first hydrogen-powered street-washing vehicle in Hong Kong. To tie in with the “Strategy of Hydrogen Development in Hong Kong” announced by the EEB this year, visitors can try riding on the hydrogen fuel cell double-deckers on the second day (October 31) and the fourth day (November 2) of the Expo.      The Expo is jointly organised by the Hong Kong Trade Development Council and Messe Frankfurt (HK) Ltd, and co-organised by the EEB. In addition, 10 government bureaux/departments, namely the Architectural Services Department, the Civil Engineering and Development Department, the Drainage Services Department, the Electrical and Mechanical Services Department, the Fire Services Department, the Highways Department, the Hong Kong Observatory, the Housing Department, the Transport Department, and the Water Supplies Department are participating in the exhibition to introduce their initiatives in environmental protection and achieving carbon neutrality for Hong Kong.      Eco Expo Asia will open to the public for free on the last day of the event (November 2) to encourage citizens to participate in environmental protection and promote green living.      For details, please refer to the Eco Expo Asia’s website (www.hktdc.com/event/ecoexpoasia/en).

     
    Ends/Wednesday, October 30, 2024Issued at HKT 20:05

    NNNN

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI USA: Crude oil imports from Canada reached a record after pipeline expansion

    Source: US Energy Information Administration

    In-brief analysis

    October 30, 2024


    U.S. imports of crude oil from Canada reached a record of 4.3 million barrels per day (b/d) in July 2024 following the expansion of Canada’s Trans Mountain pipeline. July is the most recent month for which data are available in our Petroleum Supply Monthly (PSM).

    The Trans Mountain Expansion (TMX) tripled the line’s previous 300,000-b/d capacity when it began commercial operation in May 2024, bringing additional crude oil produced in the landlocked province of Alberta to Canada’s west coast, where it can be exported. Historically, most crude oil exports out of Alberta have made their way either to refiners in the U.S. Midwest via pipeline or to the U.S. Gulf Coast by rail shipments, where they are either consumed by refiners or loaded onto tankers for seaborne re-exports. TMX was added alongside the previous Trans Mountain pipeline to move larger volumes of crude oil to the coast of British Columbia to then be exported directly to Pacific Ocean buyers.

    Since TMX came online in May, early data indicate that refiners on the U.S. West Coast have been key buyers of the new export volumes. Between June and September, the U.S. West Coast accounted for just over half of all maritime crude oil exports out of Western Canada, with the rest going to destinations in Asia, according to data from Vortexa Analytics. The U.S. West Coast imported 498,000 b/d of crude oil in July 2024, according to our PSM, a record high for the region and an increase of 115% compared with July 2023.

    Data source: Vortexa Analytics


    The Western Canadian Select (WCS) crude oil spot price at Hardisty is used as a benchmark price to reflect regional crude oil production in Alberta. Historically, WCS spot prices are significantly discounted to other benchmarks because of WCS’s quality and the region’s landlocked geography, which limit its market. Unlike Brent (the global crude oil benchmark grade), WCS has a higher sulfur content and a lower API gravity, and additional costs are necessary to move WCS from its inland pricing location to a coastal seaborne export location.

    Data source: Bloomberg L.P.
    Note: Price premiums are calculated using the Dated Brent price minus the WCS spot market price at Hardisty.


    Since TMX came online in May, added takeaway capacity has had a mixed impact on WCS prices. In July 2024, the monthly average Brent price premium to WCS was $21 per barrel (b), $5/b higher than it was at the same time last year despite the additional capacity provided by TMX. The August price differential was between the five-year (2019–23) average and last year’s level. The September average price differential, however, was slightly below the five-year average level. As of October 29, the Brent price premium to WCS for October is narrower by $10/b compared with October 2023.

    The WCS price differential to Brent and other benchmarks often widens in the fall, when Midwestern refiners reduce runs to undergo maintenance, limiting the pool of buyers from Alberta’s primary customers. If the price differentials remain near current levels through the end of the year, it may suggest that the added TMX capacity has helped to insulate Canada’s crude oil producers from the operational decisions of refiners in the U.S. Midwest.

    Principal contributor: Kevin Hack

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Asia-Pac: Health chief joins medical conference

    Source: Hong Kong Information Services

    Secretary for Health Prof Lo Chung-mau led a delegation to attend the 2024 Guangdong-Hong Kong-Macao Greater Bay Area Medical Products Administration Conference in Zhuhai today.

    During the conference, he introduced the latest initiatives of developing Hong Kong into an international health and medical innovation hub as put forth in the 2024 Policy Address.

    The conference is co-organised by the Guangdong Provincial Medical Products Administration, the Department of Health of the Hong Kong Special Administrative Region Government and the Pharmaceutical Administration Bureau of the Macao SAR Government.

    It serves as a platform for Guangdong, Hong Kong and Macau to share their work experience in drug regulation, enhance the work mechanism for collaboration on drug and medical device regulation in the bay area, and foster the innovation development of drug and medical device regulation in the region.

    National Medical Products Administration Deputy Commissioner Zhao Junning also attended the conference.

    During the conference, representatives from Guangdong, Hong Kong and Macau exchanged views on the current situation of regulation over drugs and medical devices in the three places, as well as the mechanism for regulatory collaborations on drugs and medical devices in the bay area.

    They also covered bay area standards for Chinese medicines, in addition to the feasibility of streamlining the registration and approval procedures for Hong Kong and Macau-registered traditional proprietary Chinese medicines for oral use for sale on the Mainland, and had an in-depth discussion on the way forward.

    Prof Lo updated the conference attendees on the latest developments of Hong Kong’s healthcare policies put forward in the 2024 Policy Address.

    These included complementing technological innovation with institutional innovation through expediting the reform of the approval mechanism for drugs and medical devices, strengthening biomedical technology research and development and translation, and promoting the internationalisation of Chinese medicines.

    Prof Lo said the Hong Kong SAR Government is determined to develop Hong Kong into an international health and medical innovation hub, and expedite the provision of advanced diagnostic and treatment services to patients by leveraging the advantages of “one country, two systems” and Hong Kong’s healthcare professional system.

    He also noted that Hong Kong will actively integrate into the national development by dovetailing with the national initiative of fostering new quality productive forces in biomedical technology as set out in the Resolution of the Communist Party of China Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization and the Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone.

    “The Hong Kong SAR Government will enhance Hong Kong’s clinical trial capability and facilitate the translation of innovative biomedical research results into clinical applications by rendering firm support to innovation and application of advanced biomedical technology, with a view to attracting the world’s top-notch biomedical enterprises and research and development institutions to set up operations in Hong Kong,” Prof Lo added.

    The delegation will return to Hong Kong this evening.

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI China: Direct all-cargo air route links China’s Hubei, Hong Kong

    Source: China State Council Information Office

    A direct all-cargo air route between Hubei Province in central China and Hong Kong Special Administrative Region was launched on Wednesday, according to SF Airlines.

    On Wednesday morning, a Boeing 737-400 freighter took off from the Ezhou Huahu International Airport in Hubei, China’s first cargo-focused airport. It is also the airport’s first all-cargo route to Hong Kong, said the cargo airline.

    Three round-trip flights are scheduled to shuttle on this route every week, providing about 100 tonnes of air transport capacity weekly.

    This direct air route will provide air express capacity to this year’s Double Eleven online shopping festival, also known as the Singles’ Day shopping festival and a Chinese version of Black Friday.

    It will help facilitate transportation of e-commerce express and enhance consumption experience for customers, said SF Airlines.

    Headquartered in Shenzhen, SF Airlines is China’s largest air cargo carrier in fleet size. To date, it has cultivated an international route network from Ezhou Huahu International Airport to totalling more than 60 destinations at home and abroad, said the cargo carrier.

    MIL OSI China News –

    January 25, 2025
  • MIL-OSI China: Former Malaysian PM ordered to enter defense in 1MDB case

    Source: China State Council Information Office

    Former Malaysian Prime Minister Najib Razak has been ordered to enter his defense against 25 charges of abuse of power and money laundering involving state investment fund 1Malaysia Development Berhad (1MDB) on Wednesday.

    The High Court has called on Najib to enter his defense on four charges of power abuse and 21 charges of money laundering involving 2.28 billion ringgit (520 million U.S. dollars) after Justice Collin Lawrence Sequerah said it had conducted a maximum evaluation and found the prosecution had proven prima facie in its case against the former prime minister.

    The 1MDB trial now has 97 hearing dates scheduled from Dec. 2 this year until November 2025, with trial dates for every month during this period except for July next year.

    Najib, 71, has been serving a sentence since Aug. 23, 2022, after being convicted in a separate criminal trial over misappropriating 42 million ringgit from SRC International Sdn Bhd, a former unit of 1MDB.

    Following his conviction, he successfully filed a petition for a royal pardon, which resulted in a reduction of his 12-year imprisonment to six years and a fine cut from 210 million ringgit to 50 million ringgit in February. (1 ringgit equals 0.23 U.S. dollar) 

    MIL OSI China News –

    January 25, 2025
  • MIL-OSI China: UN human rights council to open office in Bangladesh

    Source: China State Council Information Office 3

    The United Nations Human Rights Council (UNHRC) has decided to set up an office in Bangladesh’s capital Dhaka to strengthen its activities in the South Asian country.

    Bangladeshi interim government’s Social Welfare Advisor Sharmeen S. Murshid said following a meeting with U.N. High Commissioner for Human Rights Volker Turk in Dhaka Tuesday.

    “It is a very important decision. The interim government agreed over establishment of the U.N. human rights office in Dhaka,” the advisor said.

    She said that the office’s presence here will strengthen the country’s position on human rights. 

    MIL OSI China News –

    January 25, 2025
  • MIL-OSI China: ADB approves $500M loan for Pakistan to support climate resilience

    Source: China State Council Information Office 3

    The Asian Development Bank (ADB) said Tuesday it has approved 500 million U.S. dollars in policy-based loan to support climate and disaster resilience efforts in Pakistan, said a statement.

    The bank’s Pakistan office said that the Climate and Disaster Resilience Enhancement Program will strengthen Pakistan’s institutional capacity for planning, preparedness, and response.

    According to the bank, the program will increase inclusive investment in disaster risk reduction and climate resilience and support the scale-up of disaster risk financing using a risk-layered approach.

    The ADB added that Pakistan ranks among the most vulnerable countries to climate change and disasters, with average losses from disaster events exceeding 2 billion U.S. dollars annually.

    “This program builds on the ADB’s long-standing work in Pakistan to understand and reduce climate and disaster risks and support effective disaster response,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.

    The bank added that the program aims to strengthen disaster resilience in Pakistan by advancing disaster risk mapping and modeling to guide development and investment decisions.

    The program would further support a solidarity fund to promote risk transfer solutions, including agricultural insurance, and will implement shock-responsive social protections to provide cash assistance to those affected by future disasters, added the bank.

    MIL OSI China News –

    January 25, 2025
  • MIL-OSI: AI Company Brand Engagement Network Announces Agreement to Acquire German Media Technology Leader Cataneo Gmbh

    Source: GlobeNewswire (MIL-OSI)

    JACKSON, Wyo., Oct. 30, 2024 (GLOBE NEWSWIRE) — Brand Engagement Network, Inc.(BEN) (NASDAQ: BNAI), a global leader in secure and reliable conversational AI solutions for businesses and consumers, today announced it has agreed to acquire 100% of Cataneo Gmbh (Cataneo), a privately-owned media technology company based in Munich, Germany, in a cash and stock transaction.

    Cataneo, a leader in media technology, offers an all-in-one solution for ad sales, inventory management, and campaign optimization. The company has been profitable throughout the years, with its platform helping broadcast and entertainment companies streamline operations, increase revenue, and enhance audience engagement. By integrating BEN’s advanced Generative AI, Cataneo is poised to strengthen its offerings and deliver even greater value to its brands and customers.

    Cataneo’s Mydas platform is a rapidly growing, highly sophisticated air-time sales management and ad traffic system managing over 5 billion euros in annual media spending. Supporting over 5,000 users and more than 1,000 media brands across four continents, the Mydas platform operates on a robust recurring revenue model. It offers a fully integrated, 100% SaaS cloud solution consolidating all advertising inventories into a common currency on a single platform.

    Combined Synergies Enhance Conversational Gen-AI for Global Media Brands

    “We believe the combination of BEN’s safe, intelligent, and scalable Generative AI platform, with Cataneo’s Mydas tools, can transformhow brands engage with their customers,” said Paul Chang, Chief Executive Officer of BEN. “This acquisition marks a significant step towards the future of interactive advertising, where consumers are not just marketed to, but actively engaged with, leading to more meaningful and enhanced online experiences.”

    Cataneo’s Chief Executive Officer, Renato Rocha Pinto, expressed his excitement about the partnership. He stated, “We believe combining our technologies will significantly enhance consumer engagement and substantially benefit our global clients. BEN’s AI has the capability to generate deep insights and explore innovative consumer engagement opportunities across various media outlets, extending beyond traditional platforms.”

    The acquisition underscores BEN’s commitment to strategic growth through mergers and acquisitions, enabling BEN to expand the reach of its core AI platform to over 1,000 media brands. This positions BEN to lead the next generation of conversational Gen-AI engagement, providing consumers with real-time, accurate, and helpful information across various channels, including while on the move and driving.

    While Cataneo will continue to serve its existing clients independently, the company plans to collaborate closely with BEN to integrate AI into its internal processes and provide enhanced customer tools. The combined strength of BEN’s Generative AI and Cataneo’s platform is expected to expand Cataneo’s global presence significantly.

    Transaction Details
    The total purchase price for the acquisition is $19.5 million, comprised of $9.0 million in cash and 4.2 million shares of BEN common stock at an agreed-upon value of $2.50 per share. Depending on certain conditions before closing, a portion of the shares may be converted into the right to receive up to $3.0 million in cash.   Upon closing, Cataneo will become a wholly owned subsidiary of BEN, with plans to expand operations in the U.S. and Latin America. This acquisition positions both companies for significant growth in the broadcast and agency premium advertising workflow management solutions market, a $2.0 billion segment within the broader $45 billion global media technology market. Renato Rocha Pinto will continue as Cataneo’s Chief Executive Officer after the acquisition.

    The transaction is subject to securing financing on mutually agreeable terms and obtaining customary regulatory approvals and guarantees by certain BEN shareholders. It is expected to close in the fourth quarter of 2024.

    For more information about BEN’s safe, intelligent, scalable AI, please visit  www.beninc.ai. For details about Cataneo, please visit www.cataneo.tv.

    About BEN
    Brand Engagement Network is a global leader providing secure and reliable conversational AI solutions for businesses and consumers. With offices in Jackson, Wyoming, and Seoul, South Korea, BEN offers a powerful and flexible platform that enhances customer experiences, boosts productivity, and delivers business value. At the heart of BEN’s offerings are AI-powered digital assistants and lifelike avatars, providing more personal and engaging experiences through browsers, mobile applications, and even life-size kiosks. These safe, intelligent, and inherently scalable AI solutions empower businesses to efficiently serve customers using validated data delivered through SaaS, Private Cloud, and On-Premises technology. BEN’s commitment to data sovereignty ensures that consumer and business data remain private, protected, and wholly owned by the respective parties. BEN’s mission is to make AI friendly and helpful for all, ensuring more people benefit from the AI-enhanced world.

    About Cataneo
    Cataneo is a global provider of comprehensive media management solutions for linear, non-linear, and digital media, headquartered in Munich, Germany. Cataneo’s platform is highly customizable and scalable and offers end-to-end solutions for advertising sales, traffic management, and campaign optimization across multiple media channels. With over two decades of experience, Cataneo supports over 1,000 media brands across 200+ channels in 4 continents, providing cutting-edge tools for inventory management, yield optimization, and programmatic ad sales. The company’s flagship platform, MYDAS, empowers media businesses to optimize revenues and streamline operations with advanced data analytics, CRM integration, and real-time reporting. Cataneo’s mission is to bridge the gap between media buyers, sellers, and platforms, offering a unified ecosystem for seamless media transactions and enhanced audience engagement.

    Forward-Looking Statements
    Certain statements in this communication are “forward-looking statements” within the meaning of federal securities laws. They are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, BEN’s current expectations, assumptions, plans, strategies, and anticipated results, including the closing and anticipated benefits of the acquisition of Cataneo (the “Cataneo Acquisition”). Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.

    There are a number of risks, uncertainties and conditions that may cause BEN’s actual results to differ materially from those expressed or implied by these forward-looking statements, including but not limited to: (i) uncertainties as to the timing of the Cataneo Acquisition; (ii) the risk that the Cataneo Acquisition may not be completed on the anticipated terms in a timely manner or at all; (iii) the failure to satisfy any of the conditions to the consummation of the Cataneo Acquisition, including the ability to obtain financing to fund the Cataneo Acquisition on terms that are agreeable to the parties or at all; (iv) the possibility that any or all of the various conditions to the consummation of the Cataneo Acquisition may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals) or required major shareholder guarantees; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; (vi) the effect of the announcement or pendency of the transactions contemplated by the purchase agreement on BEN’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management’s attention from BEN’s ongoing business operations; (viii) uncertainty as to the timing of completion of the Cataneo Acquisition; (ix) risks that the benefits of the Cataneo Acquisition are not realized when and as expected; and (x) (A) the risk factors described in Part I, Item 1A of Risk Factors in BEN’s Annual Report on Form 10-K for the year ended December 31, 2023 and (B) the other risk factors identified from time to time in the BEN’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov.

    Many of these circumstances are beyond BEN’s ability to control or predict. These forward-looking statements necessarily involve assumptions on BEN’s part. These forward-looking statements may include words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” “should,” “may,” “will,” “might,” “could,” “would,” or similar expressions. All forward-looking statements attributable to the Company or persons acting on BEN’s behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this communication. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. BEN disclaims any intention or obligation to update or revise publicly any forward-looking statements.

    Media Contact 
    Amy Rouyer
    BEN – Safe, Intelligent, Scalable AI
    E: amy@beninc.ai
    P: 503-367-7596

    Investor Relations
    Christine Marchuska
    E: ir@beninc.ai
    P: 917-232-0852

    Source: Brand Engagement Network, Inc. (BEN)

    The MIL Network –

    January 25, 2025
  • MIL-OSI Video: US-ROK Security Consultative Meeting Preview

    Source: United States Department of Defense (video statements)

    This week, Secretary of Defense Lloyd J. Austin III will host South Korean Defense Minister Kim Yong-hyun for the Security Consultative Meeting to deepen and modernize our ironclad alliance with the ROK. Later, they will join Secretary of State Blinken and ROK Foreign Minister Cho for a 2+2 Ministerial at the State Department. Watch as Dr. Jay Finch, Director of the Korea Office at the Pentagon, discusses this important meeting.
    —————
    Your military is an all-volunteer force that serves to protect our security and way of life, but Service members are more than a fighting force. They are leaders, humanitarians and your fellow Americans. Get to know more about the men and women who serve, who they are, what they do, and why they do it.

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=ybjWZ44kLNM

    MIL OSI Video –

    January 25, 2025
  • MIL-OSI Asia-Pac: Eco Expo Asia opens

    Source: Hong Kong Information Services

    The 19th Eco Expo Asia opened today and will run until November 2.

    Themed “Fostering Green Innovations for Carbon Neutrality”, some 190 officials from around 40 official delegations from various cities and provinces in Mainland China, the Association of Southeast Asian Nations and Belt & Road countries have been invited to showcase cutting-edge green solutions, exchange views and share experiences.

    Speaking at the opening ceremony, Secretary for Environment & Ecology Tse Chin-wan said: “Eco Expo Asia is a golden opportunity for us to discuss and advance our shared commitments to a sustainable future.

    “Green innovation solutions are of paramount importance in our decarbonisation journey. During the expo, we will see the latest innovations and technologies around the world in new energy, climate adaptation and other environmental areas.”

    Mr Tse also stressed that although Hong Kong’s carbon emissions peaked in 2014, achieving carbon neutrality in Hong Kong by 2050 is still a significant challenge. As such, he said the Government is boosting the promotion of green low-carbon transformation as well as the development of new energy, new productive forces and green scientific research industries through multiple measures, with a view to leading the city towards carbon neutrality.

    The Environment & Ecology Bureau, which continues to participate in the expo this year, has set up four exhibition zones: Smart Technology, Energy-saving & Green Buildings, Community Waste Reduction, and Green Transportation, to highlight the Government’s measures and achievements in decarbonisation.

    Additionally, to tie in with the Strategy of Hydrogen Development in Hong Kong announced by the bureau this year, visitors can ride on the hydrogen fuel cell double-deckers on October 31 and November 2 during the expo.

    The expo will be open to the public for free on its final day, to encourage citizens to participate in environmental protection and promote green living, the bureau noted.

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Asia-Pac: Commissioner of Customs and Excise meets Director General in Shenzhen Customs District (with photos)

    Source: Hong Kong Government special administrative region

         The Commissioner of Customs and Excise, Ms Louise Ho, today (October 30) met with the Director General in Shenzhen Customs District, Mr Zheng Jugang, in the Customs Headquarters Building (CHB) to exchange views on further deepening co-operation between the two Customs administrations.
          
         Ms Ho welcomed Mr Zheng’s visit to Hong Kong Customs with his delegation and chaired a meeting with the delegation. During the meeting, the two Customs administrations discussed multiple issues, including refining the point-to-point express co-operation and liaison between Shenzhen and Hong Kong Land Boundary Control Points, strengthening information exchange and mutual assistance in law enforcement amongst boundary control points, combating smuggling activities of parallel traders, mounting joint operations in fighting against cross-boundary crimes, improving the prevention and control of risks, and promoting the Single E-lock Scheme.
          
         Ms Ho said that Hong Kong Customs will continue to promote and deepen high-level collaboration with the Shenzhen Customs District in different areas, thereby enhancing the enforcement capabilities of both administrations and contributing to the developments of the Guangdong-Hong Kong-Macao Greater Bay Area and the country.
          
         The delegation today also toured the CHB Exhibition Gallery and Customs Computer Forensic Laboratory to learn about the department’s historical developments, key functions and work on tackling advanced technology crimes.

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Europe: ASIA/JAPAN – Archbishop Kikuchi: “Abolition of nuclear weapons for a lasting peace”

    Source: Agenzia Fides – MIL OSI

    Wednesday, 30 October 2024

    Tokyo (Agenzia Fides) – The government of Japan, whatever it may be, “should be the first to approve the Treaty on the Prohibition of Nuclear Weapons”, says the Archbishop of Tokyo, Isao Kikuchi (SVD), recently appointed Cardinal by Pope Francis, while his country is going through a period of political uncertainty.In the elections held in Japan on Sunday 27 October, the coalition that had previously ruled, made up of the Liberal Democratic Party and the small Buddhist Komeito Party, lost its majority in Parliament, which it had held continuously since 2012. According to analysts, a period of uncertainty is now beginning for Japanese politics, normally characterized by great stability. The Archbishop points out some points that, in his opinion, should guide the policy of the Japanese government, regardless of which party or politician is in power now or in the future: “We hope that the Japanese government will continue the discussion on how to build trust among nations to abolish nuclear weapons, drawing inspiration from the recent award of the Nobel Peace Prize to the Nihon Hidankyo organization, which brings together the survivors of Hiroshima and Nagasaki and advocates for a world free of nuclear weapons. “As a Catholic Church, we actively call for the abolition of nuclear weapons, especially during the annual Ten Days of Prayer for Peace in August. The Ten Days of Prayer begin with the commemoration of the atomic bombing of Hiroshima, August 5, and continue until August 15, the commemoration of the end of the war in the Pacific in 1945,” stresses the Archbishop.This prayer goes hand in hand with a commitment to peace. The Archbishop of Tokyo notes: “Pope John Paul II made a historic visit to Hiroshima in 1981, which sent a strong message of peace. The Japanese bishops were encouraged by this message from the Pope and therefore launched the Ten Days of Prayer for Peace”. Pope Francis’ visit in 2019 confirmed and renewed this approach: the Pope called for “never again war, never again the noise of weapons, never again so much suffering” and reiterated during his trip to Hiroshima and Nagasaki: “The use of nuclear energy for war purposes is immoral, just as the possession of nuclear weapons is immoral”. “Today”, continued the Archbishop of Tokyo, “the Diocese of Hiroshima and the Diocese of Nagasaki, and with them the entire Catholic community of Japan, call together for the abolition of nuclear weapons and the establishment of peace, also involving the Bishops of the United States in a step of great symbolic value”. He concludes: “The Church in Japan will continue to work with all men and women of good will who seek peace, to call on world leaders to abolish nuclear weapons and thus create lasting peace.” (PA) (Agenzia Fides, 30/10/2024)
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    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: VATICAN/GENERAL AUDIENCE – Pope Francis: Confirmation must not become the sacrament of “departure” from the Church

    Source: Agenzia Fides – MIL OSI

    Wednesday, 30 October 2024

    Vatican Media

    Vatican City (Agenzia Fides) – “The problem is how to ensure that the Sacrament of Confirmation is not reduced, in practice, to “last rites”, that is the Sacrament of “departure” from the Church, but is rather the Sacrament of participation, of active participation in the life of the Church”. This is what Pope Francis said at today’s general audience in St. Peter’s Square, continuing his catechesis on the Holy Spirit and today reflecting on the presence and action of the Holy Spirit in the life of the Church through the Sacraments.Last week the Pope spoke about the action of the Holy Spirit in marriage, today he reflected on Confirmation, which “par excellence, according to Pope Francis, is the sacrament of the Holy Spirit”. The Pope recalls that in the New Testament, in addition to baptism with water, “another rite is mentioned, that of the imposition of hands, which has the purpose of communicating the Holy Spirit visibly and in a charismatic way, with effects analogous to those produced by the Apostles at Pentecost”.With the passing of time, “the rite of anointing took shape as a Sacrament in itself, assuming diverse forms and content in the various ages and different rites of the Church”. To better suggest what this sacrament represents, the Pope quotes the Catechism of adults of the Italian Episcopal Conference. It states: “Confirmation is for all the faithful what Pentecost was for the entire Church. … It reinforces the baptismal incorporation into Christ and the Church and the consecration to the prophetic, royal and priestly mission. It communicates the abundance of the gifts of the Spirit. … If, therefore, Baptism is the Sacrament of birth, Confirmation is the Sacrament of growth. For this very reason it is also the Sacrament of witness, because this is closely linked to the maturity of Christian existence”.”The problem,” said the Bishop of Rome, “is how to ensure that the Sacrament of Confirmation is not reduced, in practice, to “last rites”, that is the Sacrament of “departure” from the Church.” “It is said that it is the farewell Sacrament, ” cintinued the Pope, “because once young people do it they go away and then return for marriage. This is what people say”. On the contrary, Confirmation is “the Sacrament of participation, of active participation in the life of the Church”. The Bishop of Rome continued: “It is a milestone that can seem impossible, given the current situation throughout the Church, but this does not mean that we should stop pursuing it. It will not be so for all Confirmands, children or adults, but it is important that it is at least for some who will then go on to be the animators of the community”, continues the Pope who proposes that it can be useful, for this purpose “to be helped in preparing for the Sacrament by lay faithful who have had a personal encounter with Christ and have had a true experience of the Spirit. Some people say that they have experienced it as a blossoming of the Sacrament of Confirmation received as children”.But this, he stresses, “does not relate only to future Confirmands; it relates to all of us and at any time. Together with Confirmation and anointing, we have received” what Saint Paul calls “the first fruits of the Spirit”.”We must “spend” this bond, savour these first fruits, not bury underground the charisms and talents received. Here is a good goal for the Jubilee year! To remove the ashes of habit and disengagement, to become, like the torchbearers at the Olympics, bearers of the flame of the Spirit. May the Spirit help us to take a few steps in this direction!”, the Pope concluded.Before the final blessing, Pope Francis once again recalled the countries at war and asked for constant prayers for peace: “War is increasing, let us think of the countries that are suffering so much, such as the tormented Ukraine, Palestine, Israel, Myanmar, North Kivu. Let us pray for peace. Peace is a gift of the Spirit, war is always a defeat. In war, no one wins, everyone loses”.”Yesterday,” the Pope added referring to the recent massacre in the Gaza Strip, “I saw 150 innocent people shot with machine guns. What do children and families have to do with it? They are the first victims of war, let us pray for peace,” the Pope concluded. (F.B.) (Agenzia Fides, 30/10/2024)
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    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: ASIA/PHILIPPINES – Protection of indigenous peoples: the work of the Catholic Church in the face of exploitation and expropriation

    Source: Agenzia Fides – MIL OSI

    Manila (Agenzia Fides) – In October, the month dedicated to the protection of indigenous peoples in the Philippines, the Catholic Church organized various events, meetings and local celebrations aimed at calling institutions to address the problems faced by these peoples in continuing their lives on their ancestral lands, a life threatened above all by mining exploitation.The Philippines has emerged on the international scene as a major supplier of raw materials for the global energy transition, with reserves of minerals such as nickel, a key material for electric car batteries. However, this boom and the mining concessions granted by the government in Manila to multinational companies are leading to displacement and habitat destruction among indigenous peoples, who are being deprived of their ancestral lands and their livelihoods. According to the 2023 State of Indigenous Peoples Address report published by the Legal Rights and Natural Resources Centre (LRC), land and environmental conflicts have increased by 6% in one year, with more than 70,000 additional hectares of land affected. Resource conflicts, especially those related to mining, “have a direct impact on the lives of indigenous peoples themselves. Their lives are truly at stake,” the LRC notes, explaining that between 2022 and 2023, over 45,000 indigenous people were victims of land theft in areas such as the islands of Palawan or Mindoro. Another example concerns the mountainous Cordillera region (north of Luzon island), where the Philippine government has approved 99 hydroelectric projects that are part of a broader plan to develop renewable energy sources. The projects have divided rural communities into those who believe that the dams will bring jobs and money and those who fear damage to water sources and cultural sites.The Philippines is estimated to be home to between 14 and 17 million indigenous people belonging to 110 ethnic-linguistic groups. In the various regions where they are located – such as the Cordillera (in Luzon, in the North), the Visayas (in the center of the archipelago), the Bagsamoro region (in Mindanao, in the South) – these peoples are subject to social discrimination, economic marginalization and political deprivation, phenomena that are exacerbated by mining, which deprives them of their land rights. Over the last hundred years, the Philippine government has increasingly taken away land from indigenous peoples precisely because it is rich in natural resources. The country has begun to promote the dignity and rights of these peoples, thanks in part to the educational work carried out by the Catholic Church and missionaries. Under the Indigenous Peoples’ Rights Act (IPRA), passed in 1997, indigenous peoples have ownership rights to their ancestral lands if they receive a Certificate of Ancestral Domain Title. The holder of this certificate has the power to approve or reject projects that affect the land, such as in the mining sector. However, obtaining the certificate involves a lengthy bureaucratic process that requires legal representation, and is a process that many indigenous groups have not even begun. In 2003, the government declared October as “Indigenous Peoples’ Month,” establishing a Day of Recognition for Indigenous Peoples, set for October 29, to renew the commitment to ensure fair treatment of these peoples. The Catholic Church in the Philippines, through the Episcopal Commission for Indigenous Peoples, Diocesan Groups and Religious Institutes, has undertaken to “listen to our indigenous brothers and sisters who are members of the family of God, to respond to their aspirations as members of our society” and to protect their lives. An example of this commitment is the award of the National Prize named after Saint Theresa of Calcutta to Sister Minerva Caampued for her work in favor of the indigenous peoples in the province of Cagayan, after thirty years of tireless work for the indigenous Agta community in the areas of environmental protection, health care, nutrition and educational programs. (PA) (Agenzia Fides, 30/10/2024)
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    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Canada: Prime Minister Justin Trudeau speaks with President of Republic of Korea Yoon Suk Yeol

    Source: Government of Canada – Prime Minister

    Yesterday, Prime Minister Justin Trudeau spoke with the President of the Republic of Korea, Yoon Suk Yeol.

    The leaders discussed recent developments and expressed their deep concern and condemnation over North Korea’s troop deployment to support Russia’s ongoing war of aggression against Ukraine.

    The Prime Minister and the President welcomed Canada and Korea’s first High-Level Foreign and Defence Policy Dialogue (2+2) between ministers of Foreign Affairs and Defence later this week. They also noted the value of our growing defence partnerships and reaffirmed the importance of bilateral co-operation on regional and global issues, including in the Indo-Pacific.

    Prime Minister Trudeau and President Yoon agreed to remain in close contact and looked forward to meeting soon.

    Associated Links

    MIL OSI Canada News –

    January 25, 2025
  • MIL-OSI: Exciting Opportunity to Leverage Triller’s Underutilized Assets to Create Next-Gen Entertainment Platform

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Oct. 30, 2024 (GLOBE NEWSWIRE) —  Triller Group Inc. (Nasdaq: ILLR) (“Triller Group” or “the Company”) today announced the release of its latest Fact Sheet, providing initial insights into the Company’s mission to become the next generation Entertainment Platform.

    “I could not be more excited about our future prospects, as an App, as a brand and as a group of leading-edge companies”, said Bob Diamond, Chairman of the Board. “We have the disruptive fighting brand in BKFC, the next generation streaming platform in TrillerTV, sophisticated AI tools helping Presidential candidates and NFL franchises find their audiences, and an App upon which we will build an integrated vertical video and connected TV multimedia entertainment platform.”

    With the creator economy valued at a massive $180 billion and experiencing robust growth, Triller Group is well positioned to address emerging issues driven by ongoing technological disruption. Issues such as creators or professional content providers struggling to protect, leverage, or monetize their content. Or users looking for better ways to discover and engage with exciting new content. These unmet needs of creators, brands and users create huge market opportunities for Triller Group.

    As the Company develops and implements strategies to meet these needs, Triller Group is not starting from scratch. The Company already has a strong foundation with powerful assets and brands in vertical video (Triller App), connected TV (TrillerTV) and content and events (BKFC) that foster passionate user engagement through authenticity and trust. The transformation journey has already started as evidenced by the fact that the Company has:

    • A content-rich Triller App, with 36% of users actively creating content.
    • A highly sophisticated, AI-driven suite of tools and services, currently serving top creators and leading brands globally on the Triller App and across the social media landscape.
    • More than 3,000 events live-streamed annually without a glitch through TrillerTV.
    • Proof of concept with BKFC, the world’s fastest-growing combat league, featuring highly successful events and unique content made accessible across all media distribution channels, including vertical video and connected TV, on a global scale.

    As Triller Group connects and integrates these underleveraged assets, Triller Group will start to occupy a truly unique position as an entertainment platform, translating into unparalleled value for all our stakeholders.

    Over the next few weeks, the Company will provide further updates as an experienced management team renowned for its execution and integrity is being put into place under the leadership of Kevin McGurn, the Company’s previously announced incoming CEO. More details on the transformation plan and associated business plan will also be provided during a planned investor and media day in November 2024.

    Triller Group is excited to embark on this journey to redefine entertainment and create unparalleled opportunities for creators, brands and audiences alike.

    The Fact Sheet is available on the Company’s Investor Relations page at the following address: https://trillercorp.com/ir/.

    About Triller Group Inc.

    Triller Group is a US-based company that operates two main businesses: the newly merged US-based social media operations (Triller Corp.), and the legacy operations of the Company in Hong Kong (“AGBA”).

    Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. For more information, visit www.triller.co.

    Established in 1993, AGBA is a leading, multi-channel business platform that incorporates cutting edge machine-learning and offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com.

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

    Investor & Media Relations: 

    Bethany Lai
    ir@triller.co
    investorrelations@triller.co

    Anthony Silverman
    ads@apellaadvisors.com

    # # #

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Haivision Releases Free Video Player for Real-Time ISR Streams

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Oct. 30, 2024 (GLOBE NEWSWIRE) — Haivision Systems Inc. (“Haivision”) (TSX: HAI), a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, today announced the general availability of Haivision Play ISR, a free and easily-available desktop video player designed specifically for defense and ISR professionals.

    Haivision Play ISR prioritizes low-latency playback of live video with KLV metadata. It enables users to see events unfolding in real-time with metadata providing more awareness than just video alone. The geospatial information contained within KLV-formatted MISB/STANAG metadata provides the crucial context needed for a more complete understanding of mission-critical situations.

    Combined with market-leading solutions such as the Makito video encoder and Kraken video processing platform, Play ISR completes Haivision’s end-to-end ISR ecosystem by providing customers with a suite of products that support each critical step along ISR video workflows – from contribution from the field of operation, to distribution to command and control centers, and visualization for real-time analysis and decision-making.

    “Playback of low latency video alongside KLV metadata in a free, easy-to-use desktop application, empowers Play ISR users with the real-time situational awareness they need to make faster, more informed decisions in the field,” says John Leipper, Defense Product Manager, Haivision. “This combination of features is unmatched in the market and underscores Haivision’s commitment to supporting the work of defense and ISR teams.”

    Available for download as an application for Windows, Mac OS, and Linux, Haivision Play ISR features a user-friendly interface suitable for all users.

    Key features:

    • Playback low-latency video for real-time situational awareness.
    • Decodes and displays KLV-formatted MISB geospatial metadata.
    • View live video encoded in H.264/AVC and H.265/HEVC.
    • Play video streams with UDP and SRT protocols.
    • Download for free for Windows, Mac OS, and Linux.
    • Easily setup and configure.

    Haivision Play ISR equips defense and ISR professionals with the tools they need to make informed decisions in real-time. Download Haivision Play ISR for free today and experience the benefits of low-latency video and KLV metadata for ISR workflows.

    About Haivision
    Haivision is a leading global provider of mission-critical, real-time video networking and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. To learn more, visit Haivision at haivision.com. 

    Jennifer Gazin
    514.334.5445 ext 8309
    jgazin@haivision.com

    The MIL Network –

    January 25, 2025
  • MIL-OSI Asia-Pac: Speech by FS at breakfast meeting hosted by HKEX in Riyadh, Saudi Arabia (English only) (with photos)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at a breakfast meeting hosted by the Hong Kong Exchanges and Clearing Limited (HKEX) in Riyadh, Saudi Arabia, today (October 30):     Carlson (Chairman of HKEX, Mr Carlson Tong), Mohammed (CEO of Saudi Exchange, Mr Mohammed Al-Rumaih), Bill (Group Chief Executive of Standard Chartered PLC, Mr Bill Winters), Darryl (Deputy Chief Executive of HKMA, Mr Darryl Chan), Bonnie (CEO of HKEX, Ms Bonnie Chan), distinguished guests, ladies and gentlemen,      Good morning, everyone. It is a great pleasure to join you today at this important breakfast session hosted by HKEX, right at the heart of the FII (Future Investment Initiative).     Before we begin, I want to extend my appreciation to HKEX for organising this session and to FII for providing a forum that brings global leaders together to address the future of investment. My special thanks to Mohammed, CEO of Saudi Exchange, and Bill, Global CEO of Standard Chartered, for joining this panel. A moment for co-operation     There couldn’t be a better time for us to gather and discuss how we can strengthen our capital market connectivity. The transformative agenda set forth by Saudi Arabia’s Vision 2030 seeks to foster a dynamic society through extensive infrastructure projects, green transition, and digitalisation. This ambitious vision is driving significant reforms across various sectors, positioning the Kingdom as a leader in economic diversification and innovation.     In light of the evolving geopolitical landscape and shifts in global economic gravity, Saudi Arabia and the broader Middle East are actively deploying their capital towards Asia. In this context, Hong Kong emerges as a pivotal player, serving as an international financial centre and a gateway to China and the wider Asian market. Hong Kong’s value proposition     Hong Kong’s unique strengths are anchored in the “one country, two systems” framework, which China has committed to maintain over the long term. This arrangement allows Hong Kong to benefit from both the advantages of being part of China and the defining characteristics as an international city. We enjoy convenient, and at times privileged, access to the Mainland market while retaining our distinctive features, including a common law system, a judiciary that exercises powers independently, the free flow of capital, goods, information, and talent, a low and simple tax regime, and a currency pegged to the US dollar.     Hong Kong is one of the top three international financial centres globally, alongside New York and London. We have also recently been recognised by the Fraser Institute as the freest economy in the world. Our world-class professional services adhere to the highest international standards, bolstered by a wealth of international experience and extensive connections.     In short, Hong Kong presents unique advantages that can create significant value for Middle Eastern investors and capital. Hong Kong is an attractive destination for investment and collaboration, particularly in such areas as fund-raising, asset and wealth management, and green and sustainable finance. Allow me to elaborate. Fund-raising markets     First, our fund-raising market. Carlson will provide a comprehensive overview of how Hong Kong serves as the prime connector between the capital markets of the Mainland and the rest of the world.      Our stock market has a capitalisation of over US$4.5 trillion, which is 12 times of our GDP. It went through some challenging times in 2023 and the earliest part of this. It is making a comeback, particularly following the recent announcement of a stimulus package by the central authorities, aimed at injecting liquidity into the banking sector and supporting the real estate market. Since then, the market has increased by about 15 per cent with high volume. We have seen strong buying interest from American and European investors, who accounted for approximately 85 per cent of the buy side by value. Notably, 90 per cent of these investors are long-term fund managers and investment banks.     Over the past few years, we have continuously reformed our listing regime. These reforms have broadened our market’s appeal and positioned Hong Kong as a leading listing hub for innovative enterprises. For example we are now the second-largest biotech fund-raising hub after the United States.     Our country, China, has consistently supported the development of Hong Kong’s stock market. Just this April, the China Securities Regulatory Commission announced five measures to bolster the development of Hong Kong’s capital markets, including, for example, expanding the Connect Schemes we have with the Mainland to cover more ETFs (exchange-traded funds) and REITs (real estate investment trusts), and facilitating the listing of more leading Mainland companies on the Hong Kong Stock Exchange.     By the way, we are also actively enhancing our connectivity with new markets. Last year, we reached an agreement with the Saudi Exchange and Indonesia Stock Exchange to allow companies in these countries to secondary list on our Stock Exchange. As they come to Hong Kong, they are able to access both international capital and capital from the Mainland under the Connect Schemes.      The upcoming listing of two ETFs investing in Hong Kong stocks on the Saudi Exchange will be further reinforcing our links with Saudi Arabia.     Beyond stock market, we boast a vibrant private equity sector, which manages over US$230 billion in assets, making us number two in Asia, only after the Mainland. Indeed, Hong Kong has a comprehensive chain of funds supporting companies at various stages of growth.      Looking to the future, our stock market is poised to grow deeper and more robust. We are determined to attract more quality issuers from around the globe, and new capital sources, particularly Middle East and Asia.     Asset and wealth management hub     Second, asset and wealth management. Many Middle Eastern families and ultra-high-net-worth individuals are increasingly recognising the need to diversify their asset allocation and look beyond traditional American and European markets. They can certainly look to Hong Kong. We manage over US$4 trillion in assets, with more than half coming from outside Hong Kong and Mainland China. We are also home to 2 700 single-family offices. Beyond diversified investment offerings, we have established a robust network comprising private banks, accounting and legal firms, trusts, and other professional service providers, forming a strong nexus that caters to their needs. This is further complemented by our strong philanthropic culture and programmes for families to leave a lasting legacy, making a difference in the world and shaping a better future for generations to come.Green and sustainable finance     Finally, green and sustainable finance. As a key component of Vision 2030, Saudi Arabia has embarked on the Saudi Green Initiative, with clear targets to increase the share of renewable energy, reduce carbon emissions, and enhance land and sea protection. This vision resonates with us well, and we stand ready to contribute.     Hong Kong is Asia’s green finance capital, demonstrated by our leading position in arranging green and sustainable debt, averaging over $63 billion per year over the past three years, accounting for over one-third of Asia’s total. Beyond volume, we are committed to building a green reporting system that meets the highest international standards, by adopting taxonomies interoperable with other international classification frameworks, and adhering to global sustainable reporting standards. Clearly, Hong Kong is an ideal platform for Saudi and Middle Eastern green and sustainable projects looking to access funds in our part of the world.Concluding remarks     Ladies and gentlemen, I have just outlined some of the areas that Hong Kong can play in connecting capital, investments, and opportunities between our markets. I am eager to hear the valuable insights from our panelists this morning on how our capital markets can further collaborate and innovate.      I wish you all the best of health and business in the years to come. May our discussions today inspire new ideas and fruitful collaborations that lead to shared prosperity and growth for all.     Thank you!

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI USA: Disaster Recovery Center Opening in McCormick County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opening in McCormick County

    Disaster Recovery Center Opening in McCormick County

    COLUMBIA, S.C. – A Disaster Recovery Center will open in McCormick County to provide in-person assistance to South Carolinians affected by Hurricane Helene.  McCormick CountyMcCormick County Library 201 Railroad Ave. McCormick, SC 29835Open Oct. 30 – Nov. 5, 8 a.m.- 7 p.m. Additional Disaster Recovery Centers are scheduled to open in other South Carolina counties. Click here to find centers that are already open in South Carolina. You can visit any open center to meet with representatives of FEMA, the state of South Carolina and the U.S. Small Business Administration. No appointment is needed. To find all other center locations, including those in other states, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. Homeowners and renters in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation can apply for federal assistance.The quickest way to apply is to go online to DisasterAssistance.gov. You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. For a video with American Sign Language, voiceover and open captions about how to apply for FEMA assistance, select this link.FEMA programs are accessible to survivors with disabilities and others with access and functional needs. 
    gerard.hammink
    Wed, 10/30/2024 – 14:08

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Security: South Burlington Man Charged with Enticing Minors to Produce Child Sexual Abuse Materials

    Source: Office of United States Attorneys

    Burlington, Vermont – The United States Attorney’s Office stated that Jason McGrath, 44, of South Burlington, Vermont has been charged by criminal complaint with enticing minors to produce child sexual abuse material.

    On October 29, 2024, McGrath appeared before United States Magistrate Judge Kevin J. Doyle, who ordered that McGrath be detained pending a detention hearing on Friday, November 1, 2024.

    According to court records, between March 25, 2023 and September 26, 2024, McGrath used an on-line chat application to knowingly persuade, induce, entice, and coerce minors to produce child pornography, now referred to as child sexual abuse material. McGrath explicitly sought young girls via the on-line application, requested others to sexually abuse them, and sought video and visual depictions of the abuse. McGrath also is alleged to have paid money in exchange for child sexual abuse materials, including by sending funds through an online payment system to a country in Southeast Asia known to law enforcement as a location where child-sex-trafficking networks operate.

    On the afternoon of October 28, 2024, McGrath was detained by Customs and Border Protection while reentering the United States from Canada. While McGrath was detained, law enforcement executed a search warrant at his South Burlington residence. During the search warrant execution, law enforcement located a substantial amount of computing equipment, including a high-performance gaming computer, an enterprise-level server rack (including a router, network switch, and network area storage), and other equipment that collectively is capable of storing and processing large amounts of data. Review of this equipment by law enforcement is ongoing.

    The United States Attorney’s Office emphasizes that the complaint contains allegations only and that McGrath is presumed innocent until and unless proven guilty. McGrath faces a mandatory minimum of 10 years, and up to life imprisonment if convicted. The actual sentence, however, would be determined by the District Court with guidance from the advisory United States Sentencing Guidelines and the statutory sentencing factors.

    United States Attorney Nikolas P. Kerest commended the investigatory efforts of Homeland Security Investigations and the Vermont Internet Crimes Against Children Taskforce, and thanked U.S. Customs and Border Protection and the Chittenden County Sheriff’s Department for their assistance.

    The prosecutor is Assistant United States Attorney Jonathan A. Ophardt. McGrath is represented by the Office of the Federal Public Defender.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit Justice.gov/PSC.

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI Africa: Mining must become more responsible and sustainable. Where hi-tech solutions fit in

    Source: The Conversation – Africa – By Rennie Naidoo, Professor of Information Systems, University of the Witwatersrand

    If you visit a commercial mining operation anywhere in the world today, some sights and sounds – workers descending in elevators to underground shafts, the roar of truck engines – will be much the same as they have been for decades.

    But, like many other industries, mining is changing. Digital mining involves the use of digital technologies to make mining operations more efficient, safer, and sustainable. This industry emerged about a decade ago and has developed quickly over the past few years. This uptick is the result of recent advances in sensor technology, data analytics and artificial intelligence (AI), including machine learning.

    However, while technology improves, old problems persist. Large-scale mining causes massive deforestation in regions like the Amazon. It also threatens and displaces communities, as in the case of Brazil’s Xikrin and Kayapó people. In the Democratic Republic of Congo (DRC), the mining of cobalt, copper and coltan (all crucial for modern technology) contaminates local water supplies and puts workers – including children – in danger.


    Read more: What coltan mining in the DRC costs people and the environment


    Is it time to make mining obsolete? This is not a realistic solution, at least not in the near future. Many modern technologies, like smartphones, electric vehicles, solar panels and wind turbines, depend on minerals extracted through mining. The global move towards renewable energy and low-carbon technologies means demand for minerals like lithium and cobalt is rising.

    So, while mining has environmental costs, it’s also critical in the shift to a greener economy. And mining is economically important in many parts of the world. In African countries it supports millions of jobs and contributes significantly to GDP.

    This is why sustainable mining is crucial. I am a professor of information systems. I investigate the complex interactions between technology, people and organisations in achieving sustainability goals. In a recent paper with a co-author, I examined how digital technologies could help mining operations to balance economic objectives with environmental and social sustainability.

    The findings make it clear that digital technologies can transform mining practices and achieve sustainability goals at the same time.

    Economic outcomes

    Our paper took the form of a case study. We interviewed professionals from a leading digital mining solutions company. It has operations in South Africa, Australia, Brazil, Chile and the United States. The interviewees were engineers, senior managers and executives. They offered a glimpse into how their large-scale mining clients were using digital technologies like automated haul trucks and collision avoidance systems.

    We wanted to know how their clients saw the role of digital technology in balancing business and other goals. They outlined some successful cases and others where companies were struggling to align all their aims.

    It was clear that the company and its clients recognised the importance of safety and environmental issues in their work. But they saw these issues through the lens of business sustainability. For instance, while some mining companies pursued safety improvements, they did it primarily to boost productivity and bring down costs.

    One interviewee gave the example of collision avoidance systems. Companies valued these because they reduced downtime and improved productivity. They focused on immediate business needs.

    A balancing act

    It’s time for mining companies that are serious about sustainability to shift their focus. Rather than simply looking to make immediate profits, they need to consider environmental and social impacts – and the role digital technology can play.

    As a simple example, AI can predict when machinery is likely to fail. This allows companies to carry out timely maintenance. Equipment lifespan is extended. Downtime and repair costs are reduced. And worker safety is improved because there are fewer unexpected breakdowns. This is the kind of sustainable approach, underpinned by digital technology, that can help mining companies tick all the right boxes.

    Mining leaders must not exclude employees and stakeholders when considering these issues. Environmental advocates have a role to play, too: companies must work with these groups and with local communities. A shared understanding of how digital technologies can meet both financial and sustainability targets is key.

    Mining companies are more likely to change if there are clear financial benefits or penalties tied to sustainability. Governments can help by introducing stricter environmental regulations and offering incentives to adopt sustainable digital technologies. In South Africa, for instance, there are tax incentives and subsidies to encourage the use of renewable energy in mining. These measures, expanded recently in response to the country’s energy crisis, have sparked significant investment in solar power.


    Read more: Africa doesn’t have a choice between economic growth and protecting the environment: how they can go hand in hand


    When paired with digital monitoring systems, renewable energy solutions can enhance efficiency by optimising energy consumption and reducing carbon emissions. Technologies like AI-driven energy management systems can help mines integrate renewable sources with less energy wastage. Thus, tax breaks or subsidies for digital solutions that support green energy adoption could motivate companies to embrace greener and more tech-driven mining practices.

    Consumers and investors, meanwhile, should invest in those mining companies that demonstrate responsible practices. Ethical investment funds need to support companies with strong environmental, social, and governance credentials.

    – Mining must become more responsible and sustainable. Where hi-tech solutions fit in
    – https://theconversation.com/mining-must-become-more-responsible-and-sustainable-where-hi-tech-solutions-fit-in-240558

    MIL OSI Africa –

    January 25, 2025
  • MIL-OSI Global: Mining must become more responsible and sustainable. Where hi-tech solutions fit in

    Source: The Conversation – Africa – By Rennie Naidoo, Professor of Information Systems, University of the Witwatersrand

    Digital technologies can make mining more sustainable. Sunshine Seeds/Shutterstock/For editorial use only

    If you visit a commercial mining operation anywhere in the world today, some sights and sounds – workers descending in elevators to underground shafts, the roar of truck engines – will be much the same as they have been for decades.

    But, like many other industries, mining is changing. Digital mining involves the use of digital technologies to make mining operations more efficient, safer, and sustainable. This industry emerged about a decade ago and has developed quickly over the past few years. This uptick is the result of recent advances in sensor technology, data analytics and artificial intelligence (AI), including machine learning.

    However, while technology improves, old problems persist. Large-scale mining causes massive deforestation in regions like the Amazon. It also threatens and displaces communities, as in the case of Brazil’s Xikrin and Kayapó people. In the Democratic Republic of Congo (DRC), the mining of cobalt, copper and coltan (all crucial for modern technology) contaminates local water supplies and puts workers – including children – in danger.




    Read more:
    What coltan mining in the DRC costs people and the environment


    Is it time to make mining obsolete? This is not a realistic solution, at least not in the near future. Many modern technologies, like smartphones, electric vehicles, solar panels and wind turbines, depend on minerals extracted through mining. The global move towards renewable energy and low-carbon technologies means demand for minerals like lithium and cobalt is rising.

    So, while mining has environmental costs, it’s also critical in the shift to a greener economy. And mining is economically important in many parts of the world. In African countries it supports millions of jobs and contributes significantly to GDP.

    This is why sustainable mining is crucial. I am a professor of information systems. I investigate the complex interactions between technology, people and organisations in achieving sustainability goals. In a recent paper with a co-author, I examined how digital technologies could help mining operations to balance economic objectives with environmental and social sustainability.

    The findings make it clear that digital technologies can transform mining practices and achieve sustainability goals at the same time.

    Economic outcomes

    Our paper took the form of a case study. We interviewed professionals from a leading digital mining solutions company. It has operations in South Africa, Australia, Brazil, Chile and the United States. The interviewees were engineers, senior managers and executives. They offered a glimpse into how their large-scale mining clients were using digital technologies like automated haul trucks and collision avoidance systems.

    We wanted to know how their clients saw the role of digital technology in balancing business and other goals. They outlined some successful cases and others where companies were struggling to align all their aims.

    It was clear that the company and its clients recognised the importance of safety and environmental issues in their work. But they saw these issues through the lens of business sustainability. For instance, while some mining companies pursued safety improvements, they did it primarily to boost productivity and bring down costs.

    One interviewee gave the example of collision avoidance systems. Companies valued these because they reduced downtime and improved productivity. They focused on immediate business needs.

    A balancing act

    It’s time for mining companies that are serious about sustainability to shift their focus. Rather than simply looking to make immediate profits, they need to consider environmental and social impacts – and the role digital technology can play.

    As a simple example, AI can predict when machinery is likely to fail. This allows companies to carry out timely maintenance. Equipment lifespan is extended. Downtime and repair costs are reduced. And worker safety is improved because there are fewer unexpected breakdowns. This is the kind of sustainable approach, underpinned by digital technology, that can help mining companies tick all the right boxes.

    Mining leaders must not exclude employees and stakeholders when considering these issues. Environmental advocates have a role to play, too: companies must work with these groups and with local communities. A shared understanding of how digital technologies can meet both financial and sustainability targets is key.

    Mining companies are more likely to change if there are clear financial benefits or penalties tied to sustainability. Governments can help by introducing stricter environmental regulations and offering incentives to adopt sustainable digital technologies. In South Africa, for instance, there are tax incentives and subsidies to encourage the use of renewable energy in mining. These measures, expanded recently in response to the country’s energy crisis, have sparked significant investment in solar power.




    Read more:
    Africa doesn’t have a choice between economic growth and protecting the environment: how they can go hand in hand


    When paired with digital monitoring systems, renewable energy solutions can enhance efficiency by optimising energy consumption and reducing carbon emissions. Technologies like AI-driven energy management systems can help mines integrate renewable sources with less energy wastage. Thus, tax breaks or subsidies for digital solutions that support green energy adoption could motivate companies to embrace greener and more tech-driven mining practices.

    Consumers and investors, meanwhile, should invest in those mining companies that demonstrate responsible practices. Ethical investment funds need to support companies with strong environmental, social, and governance credentials.

    Rennie Naidoo does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Mining must become more responsible and sustainable. Where hi-tech solutions fit in – https://theconversation.com/mining-must-become-more-responsible-and-sustainable-where-hi-tech-solutions-fit-in-240558

    MIL OSI – Global Reports –

    January 25, 2025
  • MIL-OSI USA: Steel Calls on Biden Administration to Hold North Korea Accountable for Human Rights Abuses

    Source: United States House of Representatives – Representative Michelle Steel (CA-48)

    WASHINGTON, D.C. — Ahead of a coming United Nations review of the human rights situation in North Korea, U.S. Rep. Michelle Steel is calling on the Biden-Harris Administration to hold Kim Jong-un’s regime accountable for failing to respect human rights obligations under international law.

    Steel, a first-generation immigrant whose parents fled North Korea, wrote a letter to Secretary of State Antony Blinken highlighting a series of concerns including North Korea’s campaign of torture, unlawful detainment and improper refugee treatment, among other issues.

    The United States will have an opportunity to raise areas of concern as part of the United Nations Human Rights Council’s review process.

    “Decades after my parents fled following a communist takeover, North Korea’s government continues to abuse basic human rights and aggressively persecute its own citizens,” said Rep. Michelle Steel. “Innocent North Koreans, defectors, and detained foreign citizens need the United States’ help now more than ever. I will continue fighting for their freedoms while urging the Biden Administration to hold North Korea accountable for violating international human rights standards.”

    Steel’s letter calls on Secretary of State Blinken to address numerous issues as part of the UN review, including but not limited to:

    • Refugee repatriation from China back to North Korea
    • Citizens of America’s allies (South Korea and Japan) held against their will in North Korea
    • North Korea’s political prison camps
    • North Korea’s failure to ratify international treaties to prevent torture

    ###

    MIL OSI USA News –

    January 25, 2025
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