Category: Asia Pacific

  • MIL-OSI Asia-Pac: “SME ReachOut: FUND Fair plus Tech Sourcing 2024” to be held today and tomorrow (with photos)

    Source: Hong Kong Government special administrative region

         With support from the Trade and Industry Department, the Hong Kong Productivity Council (HKPC) is holding “SME ReachOut: FUND Fair plus Tech Sourcing 2024” (the Fair) for two consecutive days starting today (October 29). The Fair seeks to provide information on government funding schemes and assist small and medium-sized enterprises (SMEs) in undertaking digital transformation, with a view to bringing new impetus to SMEs’ sustainable development.

         Speaking at the opening ceremony, the Secretary for Commerce and Economic Development, Mr Algernon Yau, said that supporting SMEs in developing new markets and pursuing new growth areas, and assisting SMEs in digitalisation and green transformation have long been the priority tasks of the Commerce and Economic Development Bureau and the Trade and Industry Department. This year’s Policy Address announced a number of initiatives, such as injecting $1 billion into the BUD Fund (Dedicated Fund on Branding, Upgrading and Domestic Sales), expanding the geographical coverage of E-commerce Easy to the 10 ASEAN countries, and providing more targeted funding support for enterprises to implement green transformation projects. He encouraged the trade to make good use of the various support measures to expand their business and embrace changes.

         The Fair, a leading annual event organised by “SME ReachOut”, contains five thematic zones, covering topics including government funding schemes, digital transformation, e-commerce, business expansion and ESG (environmental, social and governance). The Fair also features 10 thematic seminars, where experts will share information related to government funding schemes, digital transformation and e-commerce, enabling SMEs to understand the latest market trends and seek opportunities for co-operation and suitable solutions.

         Operated by the HKPC under the support of the Government, “SME ReachOut” has been in service since January 2020 to assist SMEs in identifying suitable government funding schemes and answer questions related to applications. The enhanced services of “SME ReachOut” rolled out in October 2023 have strengthened the support to SMEs on government funding applications and provided capacity building services for SMEs, including one-on-one technology/business know-how consultation meetings with SMEs and networking events for SMEs, as well as annual large-scale events, such as the Fair.

         Details of “SME ReachOut: FUND Fair plus Tech Sourcing 2024” are available at u.hkpc.org/fund_tech2024_en. For details of “SME ReachOut”, please visit smereachout.hkpc.org/en.

         For enquiries, please contact “SME ReachOut” (Tel: 2788 6868).            

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Film Archive to screen 17 Hong Kong films inspired by literary works (with photos)

    Source: Hong Kong Government special administrative region

         The Hong Kong Film Archive (HKFA) of the Leisure and Cultural Services Department will present screening programme “Dancing Between Words and Images – Hong Kong Film and Literature” from December 1 to February 23, 2025, screening 17 Hong Kong films adapted from or inspired by literary works at the Cinema of the HKFA to show the intricate ties between film arts and literature.
     
         The screening programme is divided into five sections. The first section, “Adaptations from Classic Literature”, consists of five films adapted from literary classics, namely “A Reborn Romantic” (1948), which reinterprets the plots in literary giant Leo Tolstoy’s final novel “Resurrection”, highlighting the struggles that women face in a traditional society; “Modern ‘Red Chamber Dream’” (1952), which transposes the story of Chinese classical novel “Dream of the Red Chamber” to the 1940s; “A Beautiful Corpse Comes to Life” (1956), adapted from “The Peony Pavilion” from the Ming dynasty, with Cheung Wood-yau and Pak Yin in lead roles; “Sunrise” (1956), which is adapted from a play of the same title by modern Chinese playwright Cao Yu; and “Red Rose White Rose” (1994), adapted from a short story by Eileen Chang, directed by Stanley Kwan and scripted by Edward Lam.
     
         The second section, “Her Stories in the City”, covers three films focusing on the psychological journeys of women in an urban setting. “The Rich House” (1942) is a tragic love story between a handsome writer, played by Cheung Wood-yau, and a waitress. “The Tender Age” (1957) reveals the hypocrisy of the upper class through the story of a young girl being ensnared into a life of prostitution. “Her Tender Heart” (1959) depicts the suppression and suffering of a woman, who has given up her family for love and dreams.
     
      In the third section, “Reflections of Time”, there are three films that explore the changes in social values from the perspective of humanistic concerns. In order to give her husband a male heir, a wife in “The Long Lane” (1956) is burdened by guilt in her deathbed for abandoning her own daughter and adopting a son, played by King Hu, who has grown up to be a disappointment. In “A Widow’s Tears” (1956), a recently widowed woman, played by Hsia Moon, after being blamed by her mother-in-law for accepting comforts from her best male friend, decides to leave her husband’s family. Through the story, the film illustrates the idea that women should take courage to pursue their own autonomy. “The Seaman and the Dancing Girl” (1961) highlights the darker side of a bustling city with the protagonist working as a nightclub hostess to provide for her family.
     
         The fourth section, “Tales of Love and Romance”, features three tender and passionate stories from different periods of time. Renowned actor Patrick Tse played a suave thief targeting wealthy women in “The Heart-Stealer” (1958), who decides to reform himself after falling for a mysterious woman. The story of “Diary of Monita” (1968) begins with the abrupt end of the romance between a rich girl and a poor student. As the girl’s family plunges into poverty, the girl’s life becomes a series of misadventures. Adapted by Erica Li from her novel, “77 Heartbreaks” (2017) skilfully depicts a romantic relationship from passionate love to its unravelling and how people nowadays navigate their love lives.
     
         Three films adapted from literary works from the period around the turn of the millennium comprise the fifth section, “Made in Hong Kong”, which showcases the continuing local creative prowess. The films are “Reincarnation of Golden Lotus” (1989), which is a story of lust and desire told from a woman’s perspective and adapted from a novel by the author Lilian Lee herself; “The Mad Phoenix” (1997), adapted from a critically acclaimed stage play by its playwright Raymond To; and “The Midnight After” (2014), which is based on an online serial sci-fi novel written by Kong Ho-yan under the pseudonym “Mr. Pizza” and directed by Fruit Chan.
     
         Most of the screenings will be accompanied by post-screening talks, hosted by scholars Professor Yung Sai-shing, Professor Mary Wong, Professor Wong Nim-yan, Dr Lo Wai-luk, and Dr Kenny Ng; directors Yim Ho and Fruit Chan; screenwriters Raymond To, Kong Ho-yan, and Chan Fai-hung; writer Peter Dunn; film critics Sam Ho, Shu Kei, Eric Tsang and more. The post-screening talk for “Red Rose White Rose” will be attended by director Stanley Kwan and screenwriter Edward Lam, and the talk will be livestreamed online simultaneously. For details, please refer to the programme webpage mentioned below.
     
         “Modern ‘Red Chamber Dream’”, “Her Tender Heart”, “The Long Lane”, “The Seaman and the Dancing Girl”, and “Diary of Monita” are in Mandarin, while the others are in Cantonese or dubbed in Cantonese.
     
         Tickets priced at $55 will be available at URBTIX (www.urbtix.hk) from Friday (November 1). For telephone bookings, please call 3166 1288. For programme details, please visit the HKFA website (www.filmarchive.gov.hk/en/web/hkfa/2024/literature/pe-event-2024-literature.html) or call 2739 2139.                                                

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $10 million (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $10 million (with photos)
    Hong Kong Customs detects two dangerous drugs cases and seizes suspected drugs worth about $10 million (with photos)
    ******************************************************************************************

         Hong Kong Customs detected two dangerous drugs cases in Hong Kong International Airport, Fanling and Tai Po on October 27 and yesterday (October 28) and seized a total of about 8 kilograms of suspected cocaine and about 20kg of suspected cannabis buds with a total estimated market value of about $10 million. Three persons suspected to be connected with the cases were arrested.     The first case involved one male passenger and one female passenger, aged 64 and 59, who arrived in Hong Kong from Paris, France, on October 27. During customs clearance, Customs officers seized a total of about 8kg of suspected cocaine concealed in their check-in suitcases. The two persons were subsequently arrested.     In the second case, during an anti-narcotics operation conducted in the vicinity of Fanling yesterday afternoon, Customs intercepted a 28-year-old man and found about 1.5kg of suspected cannabis buds inside two recycle bags carried by him. He was then arrested. Customs officers later further seized about 15kg of suspected cannabis buds from his private vehicle parked nearby. Upon a follow-up investigation, the man was brought to a village house rented by him in Tai Po for a search, and about 3.5kg of suspected cannabis buds and a batch of drug packaging paraphernalia were uncovered. About 20kg of suspected cannabis buds in total were seized in the operation.     All arrestees in the two cases claimed to be unemployed. The arrested man and woman in the first case have been jointly charged with one count of trafficking in a dangerous drug and will appear at the West Kowloon Magistrates’ Courts tomorrow (October 30), while the man arrested in the second case has been charged with three counts of trafficking in a dangerous drug and will appear at the Fanling Magistrates’ Courts tomorrow.     Customs reminds members of the public to stay alert and not to participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong.      Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.     Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.     Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 1828080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

     
    Ends/Tuesday, October 29, 2024Issued at HKT 16:45

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Decarbonizing Value Chains in the Central Asia Regional Economic Cooperation Economies

    Source: Asia Development Bank

    The brief explores how CAREC members could collaborate to support the movement of goods and people in the region in ways that contribute toward climate objectives. Actions could include digitalizing trade processes, promoting climate-smart transportation, improving governance and decarbonization in the mining sector, harmonizing policies and green standards, and developing a regional approach to climate financing.

    MIL OSI Global Banks

  • MIL-OSI Banking: Handbook on Energy Efficiency in Buildings

    Source: Asia Development Bank

    Explaining how energy efficient construction can help reduce costs, lower emissions, and improve affordability, the handbook offers practical guidance and tools, covers key project cycle stages, and delves into sustainable heating and cooling strategies. It details ways to improve procurement, supervise, and rate energy efficiency for the emissions intensive industry while underscoring the need for governments and the private sector to work together to help transition toward a zero-carbon building stock.

    MIL OSI Global Banks

  • MIL-OSI Russia: To the participants and organizers of the 30th International Industrial Exhibition “Metal-Expo”

    Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The exhibition will be held from October 29 to November 1 in Moscow.

    Dear colleagues!

    I am pleased to welcome the participants and organizers of the 30th anniversary International Industrial Exhibition “Metal-Expo”.

    Over three decades, it has become an important platform for exchanging experience and holding negotiations between leading steel companies and consumers of their products, equipment manufacturers and technological innovators. This year, about a thousand enterprises from the CIS and far abroad countries, including China, India, Iran, Turkey and the European Union, are represented here.

    Today, the domestic metallurgical industry, having successfully adapted to the sanctions pressure, is implementing large-scale plans and is actively developing. According to the results of last year, its growth exceeded 3 percent. High demand for products is largely due to housing and road construction, modernization of public infrastructure and utility networks. This year, the Moscow-St. Petersburg high-speed railway project was launched, the expansion of the BAM and the Trans-Siberian Railway, the federal highway M-12 “East” continues, dozens of river and sea vessels for various purposes are being built at shipyards across the country. The restoration of automobile production is gaining momentum – from January to June, the output of trucks increased by 21 percent, cars – three times more. And this is an additional hundreds of thousands of tons of various types of rolled and cast products.

    In many ways, these results were facilitated by the implementation of the Strategy for the Development of the Metallurgical Industry until 2030, prepared on the instructions of the head of state. Work is being carried out in three main areas – deepening processing and mastering high value added processes, providing critical raw materials and stimulating domestic demand, as well as reorienting exports to the markets of friendly countries.

    The President emphasized that the industry is becoming more and more high-tech year after year. Advanced engineering and production solutions are being actively implemented, and unique alloys are being developed that allow for the creation of materials with special properties. All this opens up new and broad opportunities in various fields – from aviation and cosmonautics to electronics and medicine.

    I am confident that the exhibition and the professional competitions, conferences and seminars planned within its framework will allow us to find answers to the most difficult questions, discuss new challenges and opening prospects.

    I wish all participants and organizers constructive discussions and success.

    M. Mishustin

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Special traffic arrangements for Halloween at Lan Kwai Fong

    Source: Hong Kong Government special administrative region

    Special traffic arrangements for Halloween at Lan Kwai Fong
    Special traffic arrangements for Halloween at Lan Kwai Fong
    ***********************************************************

         Police will implement special traffic arrangements at Lan Kwai Fong, Central from October 31 (Thursday) to November 1 (Friday) to facilitate the public celebrating Halloween.Road closure————–      The following roads will be closed from 2pm on October 31 to 5am on November 1:- D’Aguilar Street between Wyndham Street and Wellington Street;- Lan Kwai Fong;- Wing Wah Lane;- Wo On Lane;- Wellington Street between Wyndham Street and D’Aguilar Street; and- On Lan Street.     Depending on the crowd situation, the following roads may be closed:- Stanley Street between D’Aguilar Street and Cochrane Street;- Wyndham Street between Glenealy and Queen’s Road Central;- D’Aguilar Street between Queen’s Road Central and Wellington Street;- Wellington Street between D’Aguilar Street and Cochrane Street;- Cochrane Street between Wellington Street and Stanley Street;- Lyndhurst Terrace; and- Queen’s Road Central between Pedder Street and Pottinger Street.     After completion of traffic diversion, crowds will be directed to queue up along Queen’s Road Central, D’Aguilar Street, Stanley Street, Cochrane Street and Wellington Street. The whole section of D’Aguilar Street will be closed.Suspension of parking spaces——————————-     All parking spaces and motorcycle parking spaces on the following streets will be suspended from 1pm on October 31 to 5am on November 1:- Stanley Street near D’Aguilar Street;- On Lan Street; and- Wyndham Street between Arbuthnot Road and D’Aguilar Street.     All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.       Actual implementation of traffic arrangements will be made depending on traffic and crowd conditions in the areas. Members of the public are advised to exercise tolerance and patience and take heed of instructions of the Police on site.

     
    Ends/Tuesday, October 29, 2024Issued at HKT 17:19

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SJ attends 14th China-ASEAN Prosecutors-General Conference in Singapore (with photos)

    Source: Hong Kong Government special administrative region

    SJ attends 14th China-ASEAN Prosecutors-General Conference in Singapore (with photos)
    SJ attends 14th China-ASEAN Prosecutors-General Conference in Singapore (with photos)
    *************************************************************************************

         The Secretary for Justice, Mr Paul Lam, SC, attended the 14th China-ASEAN Prosecutors-General Conference in Singapore today (October 29) and delivered a speech at the plenary session.     The conference, organised by the Attorney-General’s Chambers of Singapore, brought together officials, prosecutors and legal experts from 13 delegations to share their views on the conference’s theme – “Fostering Co-operation on Combating Financial Crimes”.      Addressing the plenary session of the conference, Mr Lam elaborated that Hong Kong has been adopting a multipronged approach in combating financial crimes with international elements, including adopting international regulatory standards, establishing a collaborative network for effective prosecution and asset recovery, making better use of emerging technologies and encouraging knowledge and experience sharing, in order to build a trustworthy and secure financial environment. He also mentioned that Hong Kong has established a comprehensive co-operation regime for the mutual legal assistance and surrender of fugitives, and that geopolitical considerations should not be allowed to hinder international co-operation in fighting financial crimes. The fight against financial crimes with international elements is a daunting and ongoing challenge. He expressed hope that Hong Kong and all other jurisdictions will continue to strengthen collaboration to jointly combat related crimes.     At the closing session of the conference, Mr Lam remarked that the 15th China-ASEAN Prosecutors-General Conference will be held in Hong Kong next year.     During his visit to Singapore, Mr Lam attended other related activities. As a member of the Chinese delegation, he attended bilateral meetings between the delegation and member states of the Association of Southeast Asian Nations, namely Singapore, Myanmar, Vietnam, Brunei, Laos and Thailand, to exchange views with them on issues of mutual interest. He also attended a lecture given yesterday (October 28) by the Prosecutor-General of the Supreme People’s Procuratorate, Mr Ying Yong, on “The Chinese Prosecutorial System in the Process of Comprehensive Implementation of the Rule of Law”.     Mr Lam will conclude his visit to Singapore tomorrow morning (October 30) and return to Hong Kong.

     
    Ends/Tuesday, October 29, 2024Issued at HKT 17:42

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CE leads delegation to visit Shanghai and attend seventh China International Import Expo

    Source: Hong Kong Government special administrative region

    CE leads delegation to visit Shanghai and attend seventh China International Import Expo
    CE leads delegation to visit Shanghai and attend seventh China International Import Expo
    ****************************************************************************************

         The Chief Executive, Mr John Lee, will lead a Hong Kong Special Administrative Region (HKSAR) Government delegation to visit Shanghai on November 4 and will attend the seventh China International Import Expo (CIIE).               Members of the HKSAR Government delegation include the Financial Secretary, Mr Paul Chan; the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Director of the Chief Executive’s Office, Ms Carol Yip; the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan; and the Permanent Secretary for Commerce and Economic Development, Ms Maggie Wong.           On November 5, Mr Lee will attend the opening ceremony of the CIIE and the Hongqiao International Economic Forum and visit the booths of Hong Kong enterprises at the Hong Kong exhibition area to show support. In addition, the HKSAR Government and the Hong Kong Trade Development Council will hold a high-level event, namely the 2024 Hong Kong Investment Promotion Conference – Shanghai Forum, during the CIIE, where Mr Lee and Mr Chan will deliver speeches to promote Hong Kong’s advantages and its role as a connecting platform under the national dual circulation strategy to Mainland and overseas enterprises.     “The CIIE is an important economic diplomatic event held after the victorious conclusion of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, providing vast business opportunities for Hong Kong enterprises to tap into the domestic market. Hong Kong has always actively participated in and supported the CIIE. In addition to senior government officials attending, over 300 Hong Kong enterprises are taking part in the exposition this year, jointly promoting Hong Kong’s advantages and development opportunities in different areas and telling Hong Kong’s good stories,” Mr Lee said.     During his visit to Shanghai, Mr Lee will meet with leaders of Shanghai to deepen Hong Kong-Shanghai cooperation. He will also exchange views with Hong Kong people and representatives of Hong Kong enterprises in Shanghai.           Mr Lee will return to Hong Kong on November 6. During his absence, the Chief Secretary for Administration, Mr Chan Kwok-ki, will be the Acting Chief Executive. During the absence of Mr Paul Chan, the Deputy Financial Secretary, Mr Michael Wong, will be the Acting Financial Secretary. During the absence of Mr Yau, the Under Secretary for Commerce and Economic Development, Dr Bernard Chan, will be the Acting Secretary for Commerce and Economic Development.

     
    Ends/Tuesday, October 29, 2024Issued at HKT 17:48

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Closing remarks by SJ at 14th China-ASEAN Prosecutors-General Conference in Singapore (English only)

    Source: Hong Kong Government special administrative region

         Following are the closing remarks by the Secretary for Justice, Mr Paul Lam, SC, at the 14th China-ASEAN Prosecutors-General Conference in Singapore today (October 29):Your Excellencies, ladies and gentlemen,     It gives me great pleasure to speak to all of you again at the Closing Session of the 14th China-ASEAN Prosecutors-General Conference. We all have a very long and fruitful day, and I am sure that you are all very eager to get prepared for the Gala Dinner, and perhaps to do some rehearsal for our performances.     That said, I must once again thank Your Excellency Mr Lucien Wong, SC, Attorney-General of the Republic of Singapore, for the generous hospitality and assistance that have been provided to us throughout this conference, without which this conference could not be so successful.     China and ASEAN have come a long way over the past decades, working hand in hand towards common progress and prosperity. But it is sheer common sense and simple logic that progress and prosperity can only be achieved if criminal activities, including criminal activities conducted internationally, can be suppressed effectively. No doubt, the fight against crime on the international front will not be easy, and it certainly cannot be fought by one jurisdiction alone. It is only by working together and learning from each other’s practices and experiences that we can collectively move ahead to tackle novel criminal trends head-on. The speeches that we have heard today demonstrated that, notwithstanding the differences in our legal systems, we share a lot of common grounds, and we adopt very similar principles and methods to combat international commercial crimes.     There is no doubt that the annual China-ASEAN Prosecutors-General Conference, which started 20 years ago back in 2004, has been established to be an essential and indispensable platform, and component of our joint efforts, to foster co-operation and collaboration in considering and handling international criminal issues. Today’s successful 14th conference serves as the best example.The 15th China-ASEAN Prosecutors-General Conference     To enable continued exchanges between China and ASEAN member states via this crucial platform, China will host the 15th China-ASEAN Prosecutors-General Conference next year in the Hong Kong Special Administrative Region. May I sincerely extend my gratitude to all ASEAN member states as well as China, the host country and motherland of Hong Kong, for giving Hong Kong this valuable opportunity, and for their continued and unwavering support. Hong Kong is truly honoured to be given the privilege of organising this important and meaningful conference.     I am sure that the 15th China-ASEAN Prosecutors-General Conference will provide fertile ground for China and ASEAN member states to exchange best practices and ideas, share insights and experiences, and foster professional connections to further our collective efforts in building an international front against crime. The hosting of the 15th China-ASEAN Prosecutors-General Conference also represents a clear and unequivocal commitment and determination on the part of Hong Kong, as a special administrative region of China and under the principle of “one country, two systems”, to work together with members of ASEAN in this important aspect.     But I wish to emphasise that Hong Kong is indeed very eager to foster closer ties with all member states of ASEAN in other areas of common interests. An important fact that should be borne in mind is that, apart from Mainland China, ASEAN is the second largest trading partner of Hong Kong. Our Chief Executive visited Laos, Cambodia and Vietnam in late July. And as the Secretary for Justice of Hong Kong, I visited Singapore in July, a couple of months ago, and I went to Brunei, Vietnam and Malaysia last month. And I hope that I will be able to visit all other members of ASEAN in the near future to explore opportunities for co-operation and collaboration.     The success of this conference organised by our Singaporean friends certainly sets a very high standard that we shall strive to match. And, as I mentioned this morning, in about a month’s time, Hong Kong will be hosting the 11th Asia and Pacific Regional Conference of the International Association of Prosecutors, to discuss pertinent topics related to the theme “Effective Prosecution Service in the Technological Age”. I look forward to seeing some of you to Hong Kong then. We shall of course make use of the experiences to be gained from organising that conference in planning the 15th China-ASEAN Prosecutors-General Conference next year.     On this happy occasion, I wish to give you my solemn undertaking on behalf of Hong Kong that we will do our best and make our best endeavours to make the 15th China-ASEAN Prosecutors-General Conference next year yet another success.Concluding remarks     Details of the upcoming conference, including its theme, will be announced and invitations will be sent in due course. I look forward to welcoming you all to Hong Kong next year at the 15th China-ASEAN Prosecutors-General Conference, if not earlier.     And on this note, I wish to thank all of you again, in particular our host, the Attorney-General’s Chambers of Singapore, and Mr Ying Yong, the Prosecutor-General of the Supreme People’s Procuratorate of China, for giving Hong Kong the opportunity to host the Conference next year. I hope you all have a very enjoyable evening. Thank you very much.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SED leads Mainland study tour for students of senior secondary subject of Citizenship and Social Development to visit Jiangxi (with photos)

    Source: Hong Kong Government special administrative region

    SED leads Mainland study tour for students of senior secondary subject of Citizenship and Social Development to visit Jiangxi (with photos)
    SED leads Mainland study tour for students of senior secondary subject of Citizenship and Social Development to visit Jiangxi (with photos)
    ******************************************************************************************

         The Secretary for Education, Dr Choi Yuk-lin, together with more than 100 students and teachers from Kowloon True Light School joining the first Mainland study tour of the senior secondary subject of Citizenship and Social Development (CS) to Jiangxi, today (October 29) attended the kick-off ceremony of the tour at Ganzhou Middle School and visited a number of spots in Jiangxi.     Addressing the ceremony, Dr Choi said that Mainland study tours form an integral part of the CS curriculum that enables students to understand the latest developments and achievements of the country in person. The Education Bureau (EDB) has arranged for over 90 000 students to visit different places on the Mainland since last year and received very positive comments from students and teachers. To provide students with a more diversified learning experience, the number of routes has increased to 28 in this academic year, with 10 routes outside Guangdong Province for four to five days.     Dr Choi expressed gratitude to the Fourth Bureau of the Hong Kong and Macao Affairs Office of the State Council, the Office of Hong Kong, Macao and Taiwan Affairs of the Ministry of Education, the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, and the Department of Education of Jiangxi Province for their care for Hong Kong students, and the Ganzhou Municipal Education Bureau for its thoughtful arrangements, facilitating the smooth implementation of the study tour.     She said that the EDB will continue leading students to undertake study tours on themes such as history and culture, aerospace technology, rural revitalisation, economic development and environmental conservation to further enrich their learning experience. She hoped that students will treasure these precious learning opportunities to integrate reading with travelling, delve into the history, culture and national affairs of the country, and strengthen their affection for and sense of belonging to the nation.     Following the ceremony, Dr Choi signed a Memorandum of Understanding on education co-operation between Jiangxi and Hong Kong with a representative from the Department of Education of Jiangxi Province. She also witnessed the pairing up of Kowloon True Light School and Ganzhou Middle School as sister schools. Subsequently, she and the delegation visited the memorial garden for the Long March Starting Point of the Central Red Army and the departure place of the first ferry of the Long March to learn about the Long March Spirit.     The four-day study tour began yesterday (October 28). Dr Choi led members of the tour to visit Sanbai Mountain in Anyuan County, where the origin of Dongjiang is located. They attended an activity in commemoration of the 60th anniversary of Dongjiang water supply to Hong Kong to pay tribute to the country for its effort in protecting the source of drinking water. After that, the delegation visited the national education base for Hong Kong youths and the museum on the origin of Dongjiang water to learn about the history of Dongjiang water supply to Hong Kong.     Dr Choi will depart for Beijing tomorrow (October 30) to continue her visit. The delegation will continue to tour locations in Jiangxi to learn about the local history, culture and enterprise development.

     
    Ends/Tuesday, October 29, 2024Issued at HKT 18:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Review of the Family Relationships Services Program

    Source: Australian Executive Government Ministers

    The Hon Mark Dreyfus KC MP

    Media Release

    The Albanese Labor Government has today released the final report of the review of the Family Relationship Services Program (FRSP) from Mr Andrew Metcalfe AO.

    The FRSP supports separated and separating families to resolve issues outside court. Since its introduction in the mid-2000s it has become a critical element of Australia’s approach to family law, and assists over 100,000 clients each year.

    The FRSP has remained largely unchanged since its introduction. Mr Metcalfe was asked to consider how the program can continue to best meet the needs of separating Australian families into the future.

    The report affirms the important contribution of the FRSP in helping families separate safely and in the best interests of any children involved, without the stress or expense of going to court. It also acknowledges the significant ongoing demand for these services.

    Key recommendations include:

    • restructuring to increase flexibility in design, delivery and administration
    • enhancing service delivery through increasing access to case management, child-inclusive practice, legally-assisted dispute resolution and online resources, and
    • establishing a dedicated stream for separating First Nations families.

    The Review will build on the Albanese Government’s significant investments to prevent family, domestic and sexual violence against women and children, and support those who experience it.

    Following National Cabinet last Friday, the Australian Government announced an $80 million package to ensure children who witness and experience family, domestic and sexual violence are appropriately supported.

    This includes funding to expand the FRSP’s Supporting Children After Separation Program (SCASP). Consistent with the Metcalfe Review’s findings that the FRSP provides important services for separating families, this funding will expand the SCASP to provide specialised, longer-term support for children of separated families who are already engaged in counselling support, to avoid needing to transfer those cases to a Specialised Family Violence Service.

    On behalf of the Australian Government I acknowledge everyone who shared their views and expertise with the review team and thank Mr Metcalfe for his work.

    I would also like to acknowledge the early work of Mr Graeme Head AO, who had initially commenced the Review of the FRSP and the Australian Institute for Family Studies for supporting the Reviewers in the conduct of the Review.

    The Government is carefully considering the report.

    MIL OSI News

  • MIL-OSI Australia: Better protection of Australians’ privacy

    Source: Australian Executive Government Ministers

    The Albanese Government has today introduced landmark legislation to strengthen privacy protections for all Australians and outlaw doxxing.

    Strong privacy laws are essential to Australians’ trust and confidence in the digital economy and digital services provided by governments and industry.

    Australians have a right to have their privacy respected, and when they are asked to hand over their personal data they have a right to expect it will be protected.

    The Privacy Act 1988 has not kept pace with changes in the digital world. Recent large-scale data breaches were distressing for millions of Australians, with their most sensitive personal information exposed by criminals.

    Following previous data breaches the Albanese Government acted swiftly to significantly increase penalties under the Privacy Act for serious or repeated privacy breaches and give the Office of The Australian Information Commissioner (OAIC) improved and new powers.

    The Privacy and Other Legislation Amendment Bill 2024 represents a significant step forward in the Government’s commitment to bring the Privacy Act into the digital age.

    The Bill implements a first tranche of agreed recommendations from the Privacy Act Review, including:

    • a new statutory tort to address serious invasions of privacy;
    • development of a Children’s Online Privacy Code to better protect children from a range of online harms, supported by an additional $3 million over three years to the OAIC for it to develop this important Code
    • greater transparency for individuals regarding automated decisions that affect them
    • streamlined information sharing in the case of an emergency or eligible data breach, while ensuring that information is appropriately protected; and
    • stronger enforcement powers for the Australian Information Commissioner.

    The Bill also introduces new criminal offences to outlaw doxxing, the malicious release of personal data online.

    The Bill will impose a maximum penalty of 6 years’ imprisonment for the malicious use of personal data, and a more serious penalty of 7 years’ imprisonment, where a person or group is targeted because of their race, religion, sex, sexual orientation, gender identity, intersex status, disability, nationality or national or ethnic origin.

    The measures announced in this Bill build on the significant steps already taken by the Albanese Government on privacy, including:

    • significantly increased penalties for repeated or serious privacy breaches;
    • greater powers for the Australian Information Commissioner to resolve privacy breaches and quickly share information about data breaches;
    • restoration of the standalone position of Australian Privacy Commissioner; and
    • an additional $66 million towards the OAIC since coming to government.

    The Government is committed to ensuring the Privacy Act works for all Australians and is fit for purpose in the digital age. This legislation is just the first stage of the Government’s commitment to provide individuals with greater control over their personal information.

    We will continue targeted consultations with industry, small business, the media, consumer groups and other key stakeholders on draft provisions to ensure we strike the right balance between protecting people’s personal information and allowing it to be used and shared in ways that benefit individuals, society and the economy.

    The Australian people expect greater protections, transparency and control over their personal information and this legislation begins the process of delivering on those expectations.

    MIL OSI News

  • MIL-OSI Australia: Second reading speech – Privacy and Other Legislation Amendment Bill 2024

    Source: Australian Executive Government Ministers

    Check Against Delivery

    Introduction

    The digital economy has unleashed enormous benefits for Australians. But it has also increased the privacy risks we face through the collection and storage of enormous amounts of our personal data.

    The Privacy Act 1988 represented the first time that a comprehensive, integrated set of legal rules protecting interests in privacy existed in Australia. On introducing it, Attorney-General Lionel Bowen told the Parliament that “enormous developments in technology for the processing of information are providing new and, in some respects, undesirable opportunities for the greater use of personal information.”

    In that respect, little has changed. Evolutions in technology and the way people use it continue to vex those who share information online, and those charged with regulating it. It is essential that Australians are protected by a legal framework that is flexible and agile enough to adapt to changes in the world around them.

    The Privacy Act has not kept pace with the adoption of digital technologies. The vast data flows that underpin digital ecosystems have also created the conditions for significant harms – like major data breaches that have revealed the sensitive information of millions of Australians, exposing us to the risk of identity fraud and scams.

    Strong privacy laws and protections are critical to building public trust and confidence in the digital economy, and driving the investments needed to keep people’s data safe.

    The right to privacy is a fundamental human right. As Sir Zelman Cowen said in his 1969 Boyer Lectures, a person without privacy is a person without dignity. We must be vigilant in ensuring that evolving technology does not erode our ability to protect information about who we are, what we do and what we believe from being misused.

    The Privacy and Other Legislation Amendment Bill 2024 is a significant step forward for Australian privacy law. It begins the much-needed work of updating our privacy laws to be fit-for-purpose in the digital age.

    With this Bill, the Australian Government is taking the next step to ensure Australians’ privacy is respected and protected. It implements a first tranche of agreed recommendations of the Privacy Act Review, ahead of consultation on a second tranche of reforms.

    It also delivers on a commitment made by the Albanese Government following the National Cabinet held in May to address gender-based violence, by outlawing the practice of “doxxing”, or the malicious release of personal data online.

    Schedule 1 of the Bill will amend the Privacy Act to enhance its effectiveness, strengthen the enforcement tools available to the privacy regulator and better facilitate safe overseas data flows. It will require the development of a Children’s Online Privacy Code, streamline information-sharing in emergencies and following eligible data breaches, and increase transparency when entities are automating significant decisions which use personal information.

    Schedule 2 of the Bill will introduce a new statutory tort to provide redress for serious invasions of privacy.

    Schedule 3 of the Bill will amend the Criminal Code Act 1995 to introduce new criminal offences to target the harmful practice of doxxing.

    Schedule 1 – Privacy Act amendments

    Schedule 1 begins the work of bringing Australia’s privacy protection framework into the digital age. The amendments re-affirm the Government’s view that entities have a responsibility to protect Australians’ personal information and not treat it merely as a commercial asset.

    Children’s privacy

    While all Australians face privacy risks in the online environment, children are particularly vulnerable. For many Australian children, social media has been part of their lives from the time they were born. They have never lived in a world without it.

    It has been estimated that by the time a child turns 13, around 72 million pieces of data will be collected about them.

    This Bill will require the development of a Children’s Online Privacy Code which will apply to social media and other internet services which are likely to be accessed by children. The Children’s Online Privacy Code will specify how these entities must comply with privacy obligations in relation to children. The Code will align to the extent possible with similar codes in like-minded countries, such as the United Kingdom.

    The Code will be developed by the Office of the Australian Information Commissioner, which will be provided with $3 million in funding over three years to do this important work.

    Information-sharing declarations after data breaches and emergencies

    Cyber incidents are growing in number, speed and sophistication. Data breaches are exposing millions of Australians to risk of fraud, identity theft and scams. This Bill will promote the importance of implementing technical and organisational controls – such as encrypting data and training staff on data protection – to address information security risks.

    It will also support more effective responses to data breaches by introducing eligible data breach declarations. A declaration will permit the sharing of personal information following a notifiable data breach for the purpose of preventing or reducing the risk of harm to individuals.

    Sharing information under these circumstances will enable entities such as banks to act quickly to prevent the misuse of compromised credentials. Safeguards are included to ensure that a declaration can only be made for a purpose that is related to preventing or reducing a risk of harm to individuals arising from a misuse of personal information from the eligible data breach.

    An eligible data breach declaration can be issued quickly and will make clear the kinds of personal information that may be shared, and with whom they may be shared, which may include state and territory agencies.

    Similarly, emergency declarations made under the Act permit personal information sharing following disasters or emergencies to support response efforts, including to assist affected individuals. The Bill will require emergency declarations to specify the kinds of personal information, types of entities permitted to share information and the purposes for which it may be shared. These changes will ensure that individuals’ privacy is protected while also addressing their broader interests, and will support enhanced coordination with states and territories in emergencies and disasters. 

    Overseas data flows

    The flow of information across national borders is critical for international trade and services in a globalised world. To support the free flow of information with appropriate protections, the Bill provides for countries with substantially similar data privacy laws to Australia to be prescribed. Businesses and individuals will be able to have greater confidence that personal information will be kept safe. This will also reduce costs for business when entering into contracts and agreements with overseas entities.

    Enforcement

    Effective enforcement of the Privacy Act is essential to protect Australians’ interests. This Bill expands the suite of regulatory powers available to the Information Commissioner to effectively enforce the Act and provides a broader range of enforcement options available to do so. This will include new civil penalties and infringement notices for less serious privacy breaches.

    To investigate potential privacy breaches in an increasingly complex digital landscape, the Information Commissioner requires modern investigative powers. This Bill provides the Information Commissioner with additional powers, including for search and seizure, which may be exercised under warrant when investigating breaches of the Act, and scalable enforcement options.

    The Bill will empower a court to make appropriate orders where it has determined that an entity has breached a civil penalty provision, which may include compensation for loss or damage suffered.

    Effective privacy protection requires proactive regulatory action. This Bill also strengthens the Information Commissioner’s capacity by expanding monitoring and assessment functions. The Bill also introduces new public inquiry powers which will enable the Information Commissioner to inquire into specified matters as directed or approved. This will enable the Information Commissioner to keep closer oversight of threats to privacy, including issues of a systemic nature, as they emerge.  

    Automated decision making

    The safe and responsible development and deployment of automated decision making presents significant opportunities. These systems have the potential to increase the efficiency, accuracy and consistency of decisions, and they present opportunities for improved outcomes in health, environment, defence and national security.

    The Bill will provide individuals with transparency about the use of their personal information in automated decisions which significantly affect their interests. Entities will need to specify the kinds of personal information used in these sorts of decisions in their privacy policies.  

    Importantly these requirements will apply to decisions that are wholly or substantially automated, ensuring that the new requirements cannot be avoided by ‘tokenistic’ human involvement in a decision-making process.

    Schedule 2 – statutory tort for serious invasions of privacy

    A statutory tort applying to breaches of privacy has been talked about in Australia for a long, long time – as early as 1969, when Sir Zelman Cowen, then Vice-Chancellor of the University of New England, endorsed legislation to create an actionable right to seek redress for breaches of privacy.

    There is currently no tortious right of action for invasion of privacy under the Act or any other Commonwealth, state or territory statute. The creation of a statutory tort was recommended by the Australian Law Reform Commission in its 2014 Report “Serious Invasions of Privacy in the Digital Era”, which I commissioned in 2013. It has been recommended by many other inquiries before and since.

    In its 2014 report, the Commission stated the creation of a statutory tort would “fill an increasingly conspicuous gap in Australian law, helping to protect the privacy of Australians, while respecting and reinforcing other fundamental rights and values, including freedom of expression”.

    Schedule 2 to the Bill will provide a new statutory cause of action, or tort, for individuals who have suffered a serious invasion of their privacy. This will include an intrusion on a person’s physical privacy, so the tort will complement the Privacy Act, which focusses on the narrower concept of information privacy.

    There are parts of our lives that we reasonably expect to be able to keep to ourselves. The freedom to enjoy a private and family life, and express ourselves and our beliefs in safety, is critical to our wellbeing and dignity.

    Ensuring that individuals have a clear right to seek a legal remedy against people or entities who seriously invade their privacy is a key part of ensuring that our privacy laws keep pace with community expectations and advances in technology.

    Schedule 2 to the Bill provides that an individual has a cause of action for serious privacy invasions, either by an intrusion upon the individual’s seclusion – for example by physically intruding into their private space – or by misuse of their information, in circumstances where the individual had a reasonable expectation of privacy.

    A plaintiff will have a cause of action without having to prove that any damage arose from the invasion of privacy. The damage or harm a plaintiff suffers will be a relevant factor in assessing the seriousness of the invasion, and the remedies that may be awarded.

    For a claim to succeed, the plaintiff will need to demonstrate the public interest in protecting their privacy outweighs any competing public interest raised by the defendant.

    In addition to the public interest balancing test, a range of defences will apply, including where the conduct of the defendant was required or authorised by law or was necessary because of a serious threat to life, health or safety.

    The Bill will provide specific exemptions from liability under the tort, including for journalism, enforcement bodies and intelligence agencies. These exemptions are important to protect press freedom and ensure that legitimate activities of government can be delivered effectively.

    The journalism exemption provides that invasions of privacy which occur in the course of the collection, preparation or publication of journalistic material, by a journalist, their employer, or someone assisting them, would not be liable under the tort. The Bill requires that to be considered a ‘journalist’, the person must work in that professional capacity and be subject to applicable standards of professional conduct or a code of practice.

    The journalism exemption also operates in addition to the requirement that a court balance the public interest in the plaintiff’s privacy with other public interests. This may involve consideration of the public interest in freedom of the media, or freedom of expression.

    A court will have the flexibility to choose the remedy or remedies that are most appropriate in the circumstances. This may include compensation for non-economic loss or an order requiring the defendant to apologise to the plaintiff.

    Schedule 3 – doxxing criminal offences

    Schedule 3 of the Bill will amend the Criminal Code 1995 to create new criminal offences targeting the release of personal data in a manner that is menacing or harassing—a practice known as ‘doxxing’.

    The prevalence of social media and online platforms has rapidly increased the capacity of malicious individuals to obtain personal data, and to release that online—either to the public at large on social media platforms, or to their associates on forum and messaging platforms.

    Doxxing exposes victims to significant and enduring harm, including public embarrassment, humiliation, shaming, discrimination, stalking and identify theft and financial fraud.  It can lead to threats to a victim’s life and safety, and the lives and safety of their families and friends. It can inflict significant and lasting psychological harm.

    Doxxing is a damaging form of abuse that can affect all Australians but is often used against women in the context of domestic and family violence.

    The creation of this offence also responds to a recent, shocking incident of a group who were targeted with doxxing on the basis of their religion.

    The Bill creates a new offence that applies where a person:

    • uses a carriage service to make available, publish or otherwise distribute the personal data of one or more individuals; and
    • the person does so in a way that reasonable persons would regard as being menacing or harassing towards those individuals.

    The new offence will carry a maximum penalty of 6 years’ imprisonment.

    The Bill also introduces a further offence, with a more serious maximum penalty of 7 years’ imprisonment, where a person or group is targeted because of their race, religion, sex, sexual orientation, gender identity, intersex status, disability, nationality or national or ethnic origin.

    The Government recognises that there are circumstances in which people legitimately publish and distribute personal data, including individuals’ names, contact details and movements.

    The new offences will apply only where a reasonable person would consider the conduct to be, in all the circumstances, menacing or harassing, to ensure that legitimate conduct is not inappropriately criminalised.

    ‘Personal data’, in the context of these new offences, means information about an individual that enables them to be identified, contacted or located. This includes their name, photograph, telephone number, email address, online account, residential or work address, and place of education or worship. This definition recognises that doxxing can occur in a number of different ways.

    The Albanese Government is committed to the protection of Australians from online harm, and these new offences will ensure that perpetrators of doxxing are held to account.

    These new offences will complement work that is underway across government, to strengthen online safety for all Australians.  This includes the takedown powers of the eSafety Commissioner, the Cyberbullying Scheme and the Adult Cyber Abuse Scheme under the Online Safety Act 2021.

    Conclusion

    This Bill is an important first step in the Government’s privacy reform agenda, but it will not be the last. Over the coming months, the Attorney-General’s Department will develop the next tranche of privacy reform for targeted consultation, including draft provisions. The Government is approaching this important reform work carefully, to ensure increased privacy protections are balanced alongside other impacts, and that we deliver the fairest outcome for all Australians.

    After many years of inaction, this Labor Government is committed to genuine privacy reform. The Australian people expect no less – for themselves and their children.

    MIL OSI News

  • MIL-OSI Australia: Press conference – Bendigo

    Source: Australian Executive Government Ministers

    Attorney-General
    Cabinet Secretary
    The Hon Mark Dreyfus KC MP

    Member for Bendigo
    Lisa Chesters MP

    Joint transcript

    E&OE

    Subjects: U 25-GO Blue Light funding; Chinese military video; AUKUS

    LISA CHESTERS, MEMBER FOR BENDIGO: I’m really proud to be standing next to my friend and colleague, the Attorney-General, Mark Dreyfus, who is here today with a significant funding announcement for our local Blue Light Program. The Bendigo Blue Light chapter has been running for over a decade now, and almost for as long as I’ve been a Federal Member, and since my very first engagement with them, I was just impressed at the way they want to help young people break free, change their life, change their pathway. Many of the people involved in Bendigo Blue Light are serving officers, police officers, and their passion that they have for young people in Bendigo is extraordinary. And the young people involved in this program, their bravery to make a difference and to change their pathway is fantastic. Quite often people write them off. People in media, people in politics, will write these young people off, but they didn’t write themselves off. Neither did Anglicare, neither did the partners involved in this program, and neither did our government, and that is why I’m so proud that that the Attorney-General is here to make an announcement today for the future of this program. So welcome back to Bendigo, Mark.

    ATTORNEY-GENERAL MARK DREYFUS: Thank you very much, Lisa and I am delighted to be here with my friend and colleague Lisa Chesters as the Member for Bendigo to announce funding as part of a Federal Government program U25-GO, which is going to be $13.5 million for nine organisations across the country, police, youth, citizens clubs and Blue Light organisations right across Australia. But right here in Bendigo, we’re announcing $2 million as part of this program for Blue Light Victoria which is going to be providing programs to youth across the Bendigo region, the La Trobe region and the Melbourne region. And this is really useful programs. They’re tailored programs for young people from 10 to 17, and depending on the particular needs of the young person, it’s very often one on one counselling, but it’s also working with families, different groups of selected young people, and it’s a wonderful demonstration of the commitment that the Albanese Labor Government has to supporting young people in our country. We need to look at ways to keep people out of the criminal justice system. We need to look at ways to pick up young people who’ve been in the criminal justice system, to make sure they don’t return to the criminal justice system. We know these programs work. We’ve seen from the Blue Light organisation. We heard from Lily and Jaykob here earlier today about how good the program has been for them, and I know from previous contact with the Blue Light organisation just how useful the work that they do is. We’re aiming to keep on supporting that work, because we know how good it can be. Thanks very much.

    REPORTER: Can I just ask one quick question on today’s announcement in regional areas, obviously here Bendigo and La Trobe as well, for these young people to have an opportunity to seek out a program like this in regional areas, specifically where we know services can be few and far between, services like this. So, what was the business case that these guys put forward that we thought, yep, okay, this is something we want to fund.

    ATTORNEY-GENERAL: The business case that Blue Light Victoria put forward is, we’ve been doing this for quite some time, and we know it works. That’s a great business case. We like to work with organisations that are established. We like to work with organisations that have got connections in the community. We like to work with organisations that have got established group of volunteers. Blue Light Victoria ticks every single one of those boxes.

    REPORTER: I’ve just got two unrelated questions for you Attorney-General. Have you seen the Chinese military video of a dangerous intercept of Australian aircraft over the South China Sea, and what’s your response?

    ATTORNEY-GENERAL: We’ve seen some unverified videos this morning that came on social media. They remain unverified, but I can assure everyone that all operations of the Australian Defence Forces, all operations of the RAAF in the South China Sea and in other parts of South East Asia are conducted in accordance with international law.

    REPORTER: One more question for you on AUKUS, does including high tech countries like Japan and Korea send a clear signal to China of our strength and capabilities, and is it enough to counter Beijing’s influence?

    ATTORNEY-GENERAL: This is a partnership with the United Kingdom and the United States. Of course, as has been reported, there are some other discussions going on, but clearly, this is a very, very important arrangement. It’s going to provide submarine technology to Australia. It’s going to give access to Australia for technology in the future. We’re looking forward in coming years to AUKUS developing.

    REPORTER: First and foremost, you’re sharing millions of dollars worth of funding for the really critical programs that Blue Light runs. Tell me what’s your reaction to today’s announcement?

    ELISSA SCOTT, CEO BLUE LIGHT VICTORIA: We are so grateful and very excited about the opportunity to now deliver more services and more programs to young people across the state. This funding will allow an additional 1200 young people to benefit from our program. So it’s a great news story for us today.

    REPORTER: Can you tell us a bit about these programs, how, I guess, how they’re designed to help participants?

    SCOTT: They are early intervention and prevention programs. So, Blue Light’s aim is to really get in early and act early before issues arise. So we have three different types of programs that this funding will now allow us to roll out our one to one mentoring program, so like we’ve seen here today in Bendigo, with young people who have been really disengaged, and we look at getting mentors involved with them from across police and emergency services. And then we’ve got two other schools based programs, our Blue Edge program, and also a new program called CoRE, which will really be around connecting young people back into community and actually undertaking some community projects. So it’s around their contribution back as well.

    REPORTER: Have you seen the lives change for the better of these participants? Can you tell us a bit about how going through an early intervention or prevention program, as you just outlined can, you know, keep these kids on the right track, or put them on the right track?

    SCOTT: Often young people come to us when they’re really disengaged, they’re really disconnected. And what we know about young people is that, in terms of protective factors, they need connection, they need engagement, and they need someone to actually walk alongside them and trust in the fact that they can make some really positive and healthy and safe choices. That’s what Blue Light does. We get in there at the earliest opportunity, and we provide initiatives that will allow young people just to thrive and grow and reach their full potential.

    REPORTER: That 1200 is not just Bendigo?

    SCOTT: That’s across the state.

    REPORTER: Further to Katie’s question there, can you describe to us the backgrounds that some of these kids are coming from, that they actually end up in this funnel, they end up on Blue Light’s radar?

    SCOTT: As you would know, being a teenager, there’s lots of complexities and lots of challenges that you have to work through. Some of our young people have come from families where there has been violence, where there has been other forms of trauma. Sometimes they have just started to use substances in a really not so great way. They might have come to the attention of police and might have had their first interaction with the justice system, or they might just be a bit disengaged from school and not really sure about what life holds for them. A number of our young people have complex mental health issues. So really, for us, it’s around we want to really assist a whole lot of diverse young people coming to our programs and receive an opportunity to thrive and grow and to learn new skills so that they can make some really safe and wise decisions in the future.

    REPORTER: It was mentioned before that a lot of the people who work with Blue Light are either serving or former police officers. Do you think that it’s important that these young people see and engage with police, not just in a judicial sense, in, you know, basically getting the handcuffs slapped on them and ending up in front of court?

    SCOTT: Look definitely. Blue Light certainly has a huge volunteer base. We have volunteers from police, but also volunteers from emergency services as well. And the reason that we work with police and emergency services is because they are generally positive community role models, and that is fantastic for young people like we’ve seen today, for Lily and Jaykob to actually get to know a police officer as a person and to have that deeper understanding about why that is so important in the community, and then to learn from them. It’s really fantastic opportunity for young people to break down some of these barriers and to get someone also to invest in them and to care about what they’re doing and what they might do into the future.

    [ENDS]

    MIL OSI News

  • MIL-OSI Australia: Critical new research examines homicide of First Nations women

    Source: Australian Executive Government Ministers

    Indigenous women are up to seven times more likely to be homicide victims compared with the national average, with almost three quarters killed by their current or former intimate partner.

    The Australian Institute of Criminology (AIC) report Homicide of Aboriginal and Torres Strait Islander women has found that between 1 July 1989 and 30 June 2023, a total of 476 Indigenous women were victims of homicide with seventy-two percent killed by their current or former intimate partner.

    These statistics represent the terrible and tragic loss of mothers, sisters, daughters and other deeply loved relatives.

    It is not acceptable for losses of this scale to continue.

    Ending violence against women and children is a priority for the Albanese Government. We have already invested over $3.4 billion in initiatives to support the National Plan to End Violence Against Women and Children 2022-32.

    Last month the Albanese Government committed $4.4 billion in new funding to address the scourge of gender-based violence, provide support for legal service and respond to the Rapid Review into Prevention Approaches, including through investing in frontline services and initiatives to prevent violence.

    This includes $800 million in new funding over five years from 2025-26 to the legal assistance sector, with a focus on legal services responding to gender-based violence, including First Nations-specific services.

    In August the final report of the Senate Inquiry into missing and murdered First Nations women was published, highlighting the need for accurate data.

    The AIC’s report addresses key findings of the Inquiry’s final report. This includes publication of comprehensive and validated data drawn from police and coronial data on Indigenous women victims of homicide (murder and manslaughter). It builds on National Homicide Monitoring Program data provided to the Inquiry and published in the annual Homicide in Australia series.

    This data will also be used to track progress of the National Plan to End Violence against Women and Children 2022–32 to reduce the rate of all forms of family violence and abuse against Aboriginal and Torres Strait Islander women and children by at least 50% by 2031.

    The Albanese Government is giving serious consideration to the recommendations of the Senate Inquiry, including through the development of the standalone First Nations National Plan for Family Safety.

    The full report is available on the AIC website.

    If you or someone you know is experiencing, or at risk of experiencing, domestic, family or sexual violence, call 1800RESPECT on 1800 737 732, chat online via www.1800RESPECT.org.au, or text 0458 737 732.

    If you are concerned about your behaviour or use of violence, you can contact the Men’s Referral Service on 1300 766 491 or visit http://www.ntv.org.au

    Feeling worried or no good? No shame, no judgement, safe place to yarn. Speak to a 13YARN Crisis Supporter, call 13 92 76. This service is available 24 hours a day, 7 days a week.

    The Australian Institute of Criminology

    The AIC is Australia’s national research and knowledge centre on crime and justice. The AIC seeks to promote justice and reduce crime by undertaking and communicating evidence-based research to inform policy and practice.

    On 26 June 2024, the AIC released a new online dashboard to monitor intimate partner homicides involving female victims. The dashboard will be updated on a quarterly basis.

    MIL OSI News

  • MIL-OSI Australia: Introduction of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024

    Source: Australian Executive Government Ministers

    The Albanese Government is today taking a critical step to strengthen Australia’s protections against money laundering and counter-terrorism financing, and tackling a key resource stream for organised crime.

    Each year billions of dollars are generated from illegal activities such as drug trafficking, tax evasion, cybercrime, human trafficking and arms trafficking. The proceeds from these crimes are used to fund further serious crimes such as terrorism and child abuse.

    In 2015, the Financial Action Task Force (FATF), the global financial watchdog, found that Australia had failed to comply with a number of critical standards. In particular, Australia had failed to extend our anti-money laundering and counter-terrorism financing regime to ‘tranche-two’ entities including lawyers, accountants and real estate agents.

    Despite these clear warnings that our economy was at risk of being exploited by criminal gangs and terrorists, the former government failed to do anything of substance for nearly a decade, leaving Australia dangerously vulnerable.

    The Albanese Government’s Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 introduces significant, long overdue reforms to Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime.

    The Bill will close a significant regulatory gap in Australia by expanding the regime to address vulnerabilities within ‘tranche-two’ entities, including lawyers, accountants, real estate professionals and dealers in precious stones and metals. AUSTRAC’s recent Money Laundering National Risk Assessment noted criminals are increasingly exploiting these sectors to conceal illicit wealth and launder money.

    The Bill will also help bring Australia into line with international standards set by the Financial Action Task Force (FATF). Australia is now one of only five jurisdictions out of more than 200 that do not regulate these tranche-two entities or ‘gatekeeper’ professions. It means Australia is at serious risk of being ‘grey-listed’ by the FATF, which would not only be damaging to our international reputation but could result in significant economic harm to Australians and businesses.

    The Government is taking the opportunity to simplify, clarify and streamline the AML/CTF regime. This will reduce the regulatory burden on businesses and make it easier to understand and implement effective measures to combat financial crime. The reforms will allow businesses to take a risk-based approach, allowing industry to prioritise their resources. The reforms will also lead to better quality financial data and make it easier for businesses to protect themselves from misuse by criminals.

    The Government thanks the representatives of ‘tranche two’ entities who engaged constructively in consultations on this Bill.

    The Bill will modernise Australia’s AML/CTF system to ensure it keeps pace with our global financial system – closing the gaps that increasingly sophisticated and professional criminal organisations can exploit. This includes extending the current regulation of virtual asset service providers, that are exploited by serious and organised crime groups to launder the profits of their crimes and hide the origin of funds.

    The Albanese Government is taking up the fight against money laundering and terrorism financing in Australia. The Government looks forward to all members of the Australian Parliament joining us in supporting the passage of this Bill.

    MIL OSI News

  • MIL-OSI Australia: New resources for young people to tackle coercive control

    Source: Australian Executive Government Ministers

    The Hon Mark Dreyfus KC MP

    Media Release

    The Albanese Government is today releasing resources to help young people recognise and combat coercive control.

    Young people have unique experiences of coercive control and these resources are designed to assist them and their loved ones to identify coercive control and seek help.

    The resources include videos and fact sheets for young people entering relationships for the first time, as well as adults in their lives, to boost understanding of what coercive control looks like.

    Coercive control is a pattern of abusive behaviour designed to create power and dominance over another person or persons. It can involve physical and non-physical abuse and, over time, creates fear and takes away the person’s freedom and independence.

    Coercive control almost always underpins family and domestic violence. Understanding and identifying these dynamics is fundamental to an effective response to family and domestic violence.

    These new resources build upon an existing suite of materials including fact sheets and videos, tailored resources for First Nations people, language translations and guides for healthcare practitioners to recognise and respond to coercive control.

    The resources build upon the landmark agreement by the Standing Council of Attorneys-General in September 2023 to endorse National Principles to Address Coercive Control in Family and Domestic Violence which, for the first time, create a shared national understanding of coercive control.

    The resources also deliver on one of the preventative actions in the National Plan to End Violence against Women and Children. The National Plan is the overarching national policy framework that guides actions towards ending gender-based violence in a generation.

    If you or someone you know is experiencing, or at risk of experiencing, domestic, family or sexual violence, call 1800RESPECT on 1800 737 732, chat online via 1800RESPECT, or text 0458 737 732.

    MIL OSI News

  • MIL-OSI Australia: New methods of domestic and family violence perpetration

    Source: Australian Executive Government Ministers

    New research has highlighted the need for further improvement in justice and support services to protect victim‑survivors from coercive control.

    Coercive control is a pattern of abusive behaviour designed to exert power and dominance over another person or persons. It can involve physical and non-physical abuse and, over time, creates fear and takes away the person’s freedom and independence.

    Coercive control almost always underpins family and domestic violence. Understanding and identifying these dynamics is fundamental to an effective response to family and domestic violence.

    A landmark agreement by the Standing Council of Attorneys-General in September 2023 endorsed National Principles to Address Coercive Control in Family and Domestic Violence which, for the first time, create a shared national understanding of coercive control.

    The Australian Institute of Criminology (AIC) study Technology-facilitated coercive control investigates the use of technology to facilitate controlling, monitoring, stalking, and emotionally abusive behaviours by intimate partners in domestic and family violence contexts.

    Victim‑survivors and domestic and family violence frontline workers interviewed by the AIC reported significant gaps and the need for improvement in justice and support services.

    One considerable gap is a lack of understanding of technology-facilitated coercive control among frontline workers, including police, and the community more broadly. This meant that victim‑survivors did not always recognise that what was happening to them was a form of violence.

    Often, police were found to view reports by victim-survivors as isolated incidents, rather than as patterns of behaviour. Within domestic and family violence services there was found to be a lack of funding for specialist suppliers to conduct technology safety scans, leaving services to rely on local telecommunications stores or students to check devices.

    In an additional paper, the AIC found an increase in reports of technology-facilitated coercive control during the COVID-19 pandemic exacerbated difficulties for victim-survivors in accessing support. Increased workload and working condition pressures on domestic and family violence workers and other support workers was also reported.

    The Attorney-General’s Department is undertaking work to strengthen responses to Family, Domestic and Sexual Violence including a suite of resources to help people recognise coercive control and encourage victim-survivors to seek help.

    In addition, the Government has invested in a $4.1 million training and education package to enhance the effectiveness of police responses to Family, Domestic and Sexual Violence and training and education to increase awareness of coercive control and recognition of technology facilitated abuse.

    If you or someone you know is experiencing, or at risk of experiencing, domestic, family or sexual violence, call 1800RESPECT on 1800 737 732, chat online via www.1800RESPECT.org.au, or text 0458 737 732.

    If you are concerned about your behaviour or use of violence, you can contact the Men’s Referral Service on 1300 766 491 or visit http://www.ntv.org.au.

    Feeling worried or no good? No shame, no judgement, safe place to yarn. Speak to a 13YARN Crisis Supporter, call 13 92 76. This service is available 24 hours a day, 7 days a week.

    The Australian Institute of Criminology

    The AIC is Australia’s national research and knowledge centre on crime and justice. The AIC seeks to promote justice and reduce crime by undertaking and communicating evidence-based research to inform policy and practice.

    On 26 June 2024, the AIC released a new online dashboard to monitor intimate partner homicides involving female victims. The dashboard will be updated on a quarterly basis.

    MIL OSI News

  • MIL-OSI Australia: Further action on Robodebt scandal

    Source: Australian Executive Government Ministers

    The Hon Mark Dreyfus KC MP

    Media Release

    Legislation introduced today will help protect Australia against any repeat of the former Liberal Government’s illegal and immoral Robodebt scheme by ensuring Commonwealth agencies are subject to stronger and more rigorous scrutiny.

    The Report of the Robodebt Royal Commission made it clear that strong and effective oversight is necessary to safeguard the community in their dealings with government. Trust in government depends on this.

    The Albanese Government’s response to the Royal Commission committed to improving public trust in government. It recognised the important role that impartial, independent and robust oversight plays in delivering on this commitment.

    The Oversight Legislation Amendment (Robodebt Royal Commission Response and Other Measures) Bill 2024 implements the Australian Government’s response to Royal Commission recommendations 21.1 and 21.2 to ensure Commonwealth agencies are subject to stronger and more rigorous scrutiny.

    The Royal Commission found that some officials and agencies engaged in behaviour designed to mislead the Ombudsman and impede their investigation into the Robodebt Scheme.

    The Bill will ensure this can never happen again by:

    • imposing a statutory duty on the public service to assist the Ombudsman in the performance of their functions, and
    • ensuring the Ombudsman has strong powers to obtain full and direct access to records, including by establishing a new offence for withholding reasonable facilities and assistance from the Ombudsman.

    The Bill also enhances the Ombudsman’s ability to undertake full, independent and transparent investigations. This includes modernising the Ombudsman’s information-gathering powers to enable remote access to agency records.

    The Bill will also introduce equivalent enhanced duties and powers for the Inspector‑General of Taxation and Taxation Ombudsman (IGTO), in recognition of the IGTO’s role in providing community assurance that taxation laws are being administered with integrity.

    These amendments are supported by a commitment of $2.3 million over four years from 2023-2024 and $700,000 ongoing. This will provide additional capacity for the Office of the Commonwealth Ombudsman to handle complaints and undertake investigations of systemic issues, as part of the Government’s response to the Robodebt Royal Commission.

    MIL OSI News

  • MIL-OSI Australia: Law reform in the age of AI

    Source: Australian Executive Government Ministers

    *Check against delivery*

    Acknowledgments omitted

    Welcome to my hometown.

    I grew up right here in Fremantle. My primary school is around the corner on Henry Street. My childhood home on the same road as Fremantle Prison, a building now on the World Heritage List. Back then, home to 337 of Western Australia’s prisoners.

    I enjoyed the freedom of a social media free childhood. The only technology that terrified me was the Swan Blimp, roaring in the skies above Esplanade Park, while Fremantle boomed with the America’s Cup. So technology can scare us, but also enable us to achieve greatness.

    I now live in North Perth. The Australia II still lives in Fremantle at the Maritime Museum. It was first launched in 1982, a year away from its history-making America’s Cup win. With a winged keel and the 1980s best 3D design.

    As the TELEX message that was sent amongst the designers said:

    “ABOUT TO TAKE YACHT DESIGN INTO THE SPACE AGE. 
    DARTH VADER LOOKS GOOD IN COMPUTER IN 3 DIMENSION WILL TEST ON WEDNESDAY 10th JUNE, BEN SKYWALKER”

    That was designer Ben Lexcen’s cryptic Telex message of May 1981. The Australia II team did enter the yacht race space age. And far away down in Hobart, an eccentric politician made a bold prediction.

    Barry Jones had just published a book, called ‘Sleepers, Wake!’ exploring the potential impacts of the ICT Revolution on society. The book suggested that technological innovation would be a major component of economic growth, that the increased accessibility of information would transform our lives in almost every conceivable way. The book was ridiculed by some and its claims were regarded by many as wildly exaggerated.

    Barry Jones delivered his famous prediction in a speech to a public meeting in Hobart. He predicted that by the year 2000 there would be more computers in Tasmania than cars. This prediction was considered laughable. The Mercury newspaper suggested he had lost his grip on reality. But he was right.

    Many of us start our days by turning off the alarm blaring out of our small handheld smartphone computers. We get up and dressed and put on our smart watches. We get into our car and use our GPS systems to get to work, where we log on to our work computers for a long day ahead before we can watch some TV on our smart TVs at home.

    Few in 1982 would have had the foresight to make this prediction, and few had the foresight to take it seriously.

    So, what technological advancements are we in danger of overlooking in 2024? The obvious answer is of course Artificial Intelligence.

    The age of AI

    The age of AI is now here. AI is no longer the stuff of science fiction, it is here and it is already embedding itself into our daily lives. The names are cute. Inoffensive. Co-pilot. Chat GPT. Gemini. Cyber Dynamics Model 101.

    Well, that last one is the official name of The Terminator, but I am sure the others are harmless. Australians are already using AI in the workplace. Teachers are now providing students with personalised AI chatbots to help provide additional tutoring to students needing support. AI is assisting medical doctors to scan vast data sets and gather medical insights that were previously not possible. In the public sector, the Australian Government recently conducted a six-month trial of Co-pilot for Microsoft 365. And of course, AI is also impacting the legal sector.

    Recent surveys suggest that a majority of lawyers are already using AI in their work. They are also optimistic for the potential for AI to bring significant innovation to the sector. AI tools are being developed to assist lawyers with document review, legal research and more. Most of us wish we had time to be an incredible professional, as well as an accomplished artist, writer and musician.

    Generative AI is that best version of our imagined selves. Producing music, art and video that has already won artistic competitions when submitted anonymously alongside the work of human artists.

    AI Regulation

    This is where wonder and risk collide. There are serious risks associated with the development and deployment of AI. AI has implications in copyright law, where vast amounts of data and creative work have been scraped for the training of AI models from web sources. AI generative content can also be created to mimic the works of existing Australian artists and creatives. This raises serious concerns for Australian artists and creatives, about the future of their work and livelihoods.

    As Australian Artist Ben Lee said on AI:

    “I don’t think art has ever succeeded in trying to fight technology…
    [but] we have to consider what we will lose if we put all our eggs in that basket.”

    And even if we aren’t recording artists – every Australian has eggs in this basket. We know the risks of having our sensitive data harvested and used. Your information could be training AI without your knowledge or consent.

    AI creates potential challenges in the areas of law enforcement and criminal behaviour, notably in relation to cybercrime. So we must consider the role of regulation and legislative frameworks for the development of AI.

    I am aware I am in a room of legal experts. I expect many of you may have an interest in AI. Equally, the current opportunities for law reform in the age of AI.

    It is worth noting that Barry Jones, when he made his famous prediction, was no great scientist. He studied arts and law. He had been a schoolteacher. It was deep thinking about Australian society and the road ahead of us. He couldn’t avoid the impacts of emerging technologies.

    Similarly, you all witness the iterative way in which law and society steadily adapt to each other, every day in the course of your work. Like Barry, you are in a position to see and understand the transformative impacts of new technology on how a society and its legal framework function. I hope you engage with and contribute to the current conversation about the safe and effective development and implementation of AI in Australia.

    Law reform in the age of AI

    Things are changing. Fast.

    Our regulatory approach is engaged with those changes. It is the role of law makers to balance risk with opportunity. To shield the Australian public from the dangers of AI, while not restricting the potential for AI to deliver positive and profound improvements in living standards.

    Later this month the Susan McKinnon Foundation will release new research on AI. Its report, ‘Partisanship, polarisation and social cohesion in Australia’ surveyed 3,000 Australians. It found familiar divides across many issues amongst progressives and conservatives.

    Surprisingly in one area they found agreement from left and progressive, centre and moderate, right and conservative. They all had similar results on the increased use of AI in daily life, and they all opposed the AI intrusion. Negative 15 per cent support from the left and progressives. Negative 20 per cent support from the right and conservatives.

    So Australians are looking for leadership on how best to protect themselves from potential harms. When conducting law reform we must keep front of mind the rights and needs of those who are most subject to vulnerability. To make sure those who are most disadvantaged are not put to further disadvantage.

    Some legislation is developed for specific technologies, like gene technologies or nuclear technologies. Other legislation is crafted to be technology neutral.

    The Australian Government is continually working to ensure that our robust system of existing legislative frameworks is fit-for-purpose. Capable of responding to harms, including harms enabled by AI.

    Australians know that the regulation of AI is a challenging issue. They recognise the potential dangers and benefits and the importance of getting it right. Where the community has expectations, law reform must respond to and uphold those community expectations. The laws of Australia, are ultimately, a mirror held up to our society. Our laws must reflect those expectations and beliefs of the collection of diverse individuals that make up this country.

    International developments

    The questions Australia faces are not ours alone. The United Nations has alerted the world to the growing energy demands of AI.

    Noting:

    “A request made through ChatGPT, an AI-based virtual assistant, consumes 10 times the electricity of a Google Search, reported the International Energy Agency.

    While global data is sparse, the agency estimates that in the tech hub of Ireland, the rise of AI could see data centres account for nearly 35 per cent of the country’s energy use by 2026.”

    Then there is the European Union Artificial Intelligence Act – designed to specifically address unique high-risk considerations associated with AI.

    By assigning AI systems and applications to three risk categories:

    1. unacceptable risk
    2. high-risk, and
    3. minimal risk.

    In this framework, unacceptable risk systems and applications are prohibited.

    Last year in the UK, an AI white paper was released which argues for a risk-based approach to AI regulation. The paper classifies AI systems based on the level of risk they pose. It emphasises the development of AI systems that are human-centric and trustworthy, whilst also promoting innovation through the development of AI innovation hubs to support research and development.

    In the United States, the first state-based AI legislation has been passed. Known as the Colorado AI Act, it will come into effect from February 2026. The Act requires developers of high-risk artificial intelligence systems to use reasonable care to protect consumers from foreseeable risks of algorithmic discrimination.

    Canada has proposed legislation, the Artificial Intelligence and Data Act, which is broadly aligned with the EU AI Act. The Bill established initial classes of high-impact AI systems and parameters for government to deem further classes of systems as high-impact systems. It would also require developers and deployers of general-purpose high-risk AI systems to establish accountability frameworks. It also provides new enforcement powers for the AI and Data Commissioner.

    These are all developments that the Australian Public Service is monitoring closely.

    AI regulation in Australia

    I began this speech talking about the 1980s here in Fremantle. The 1980s in Canberra saw computers occupy the desk real estate of the public service. Forty years ago, the Attorney-General’s Department assisted with the Copyright Amendment Act 1984, clarifying copyright protection for computer programs.

    The same year the Standing Committee of Attorneys-General “agreed on the desirability of uniform legislation to penalise the appropriation or use of computer data without lawful authority or excuse”.

    Forty years on the technology changed, but the work continues. The Minister for Industry and Science recently held consultations on proposals for introducing mandatory guardrails for AI in high-risk settings. This process is informing the Government’s consideration of how we can most effectively regulate the development and deployment of AI.

    The Senate Select Committee on Adopting AI is currently investigating opportunities and impacts for Australia arising out of the uptake of AI technologies. The Committee is scheduled to present its final report on the 26th of November.

    The Australian Public Service is also working to ensure that government serves as an exemplar for the responsible use of AI. On the 1st of September 2024, the Digital Transformation Agency introduced a policy for responsible use of AI in government, providing a framework for the safe and responsible use of AI by public servants.

    Attorney-General’s Department – AI law reform

    I would like to also talk specifically about some of the law reform being led by the Commonwealth Attorney-General relevant to AI regulation. This reform crosses a number of policy areas, including privacy, copyright, automated decision making, cybercrime, and technology facilitated abuse.

    Privacy reforms

    In the privacy space, Australians are becoming increasingly aware that the advent of AI technologies has introduced the potential for new privacy risks. While AI has the potential to provide major economic benefits, we know Australians are also cautious about the use of AI to make decisions which may affect them.

    In a survey by the Office of the Australian Information Commissioner, respondents made clear they want conditions in place before AI is used in this way. 
    In particular – they want to be told when this is the case. Our Government believes that entities have a responsibility to protect Australians’ personal information and ensure individuals have control and transparency over how it is used.

    On 12 September 2024, the Attorney-General introduced legislation to Parliament to reform the Privacy Act. The Bill implements a first tranche of reforms, agreed by Government in its response to the Privacy Act Review, ahead of consultation on a second tranche of reforms. The Bill will amend the Privacy Act to enhance its effectiveness, strengthening the enforcement tools available to the privacy regulator, while better facilitating safe overseas data flows.

    The Bill will also introduce a statutory tort for serious invasions of privacy, and criminal offences for the malicious release of an individual’s personal data online, otherwise known as ‘doxxing.’ Importantly, the Bill will provide individuals with transparency about the use of their personal information in automated decisions which significantly affect their interests. Entities will need to specify the kinds of personal information used in these sorts of decisions in their privacy policies.

    The Government is approaching this important reform work carefully. Ensuring increased privacy protections are balanced alongside other impacts, so that we deliver the fairest outcome for all Australians.

    Copyright and AI

    AI and copyright issues are another complex global challenge needing to be worked through in an Australian context. The Attorney-General’s Department is considering complex and contested AI and copyright issues in a careful and consultative way. This approach is consistent with advice from industry stakeholders that participated in a series of Copyright Roundtables in 2023.

    The Government is conscious of the need for balance. Between – on the one hand – the urgency with which the rapid development and adoption of AI demands a policy response.And on the other – the importance of taking the time necessary to get that response right, avoiding harmful repercussions.

    In December 2023, the Attorney-General established the Copyright and AI Reference Group as a standing mechanism for engagement with stakeholders. These stakeholders represent a wide range of sectors, including the creative, media and technology sectors. The Reference Group’s role is to consider copyright and AI issues. The Attorney-General’s Department’s ongoing consultation with the Reference Group is informing the development of policy for Government’s consideration.

    This work on copyright is part of the Government’s broader engagement on AI-related matters. It complements the work being led by the Minister for Industry and Science on the safe and responsible use of AI.

    Automated decision-making

    Automated decision making (or ‘ADM’) has long been part of administrative processes, inside and outside of government. When implemented thoughtfully and responsibly – which is the majority of cases – we can all benefit from faster, more efficient, and more accurate service delivery. From e-Gates at airports through to faster processing of claims, these benefits can meaningfully improve the services individuals receive from Government.

    However, where ADM is used to make decisions that adversely affect people’s rights or wellbeing, the community is understandably concerned. In particular, concerns centre on how these automation and artificial intelligence technologies are governed. When assurance processes fail, there can be life-altering impacts on individuals. As many of you would recall, this was this was vividly and painfully illustrated in the ‘Robodebt’ scandal and resulting Royal Commission.

    The Royal Commission made several recommendations to improve governance and safeguards around the use of ADM in administrative decision-making. The Government has fully accepted those recommendations and work is well underway in the Attorney-General’s Department to develop stronger safeguards.

    Australia learnt many lessons from the Robodebt scandal. We heard that individuals were able to successfully challenge particular decisions. However, most individuals did not feel they were in a position to challenge the assessments they received.

    Considerable harm across a large number of individuals was done before the system was brought to an end. The legal system was able to compensate individuals for what had happened.

    A key focus for better governing ADM, including systems that use AI, is therefore to ensure that systems and processes are sufficiently robust. To ensure that flaws in ADM design and implementation are identified and addressed before decisions are made that affect individuals. This could include ensuring that any use of ADM systems in administrative processes is consistent with the principles of administrative law.

    Cybercrime and technology-facilitated abuse

    Generative AI is being rapidly adopted by criminal actors in a range of contexts. For example, artificial intelligence is already being used to generate hyper realistic deepfakes. These can be used as a tool for sexual exploitation, abuse and harassment online.

    It is essential that the Australian Government keeps our laws under constant review. To ensure they remain fit-for-purpose in responses to rapid changes in technology – such as the emergence of AI.

    Earlier this year, the Attorney-General led legislative reform through the Criminal Code Amendment (Deepfake Sexual Material) Act 2024. The Act introduces new offences and strengthens the current criminal law framework. Ensuring the non-consensual transmission of sexual material developed or altered by such technologies is criminalised and subject to significant penalties. This came into force in September 2024.

    Partnership with the states and territories is also important, to ensure a cohesive national approach. In September, the Police Ministers Council agreed to a review of Commonwealth, state and territory frameworks. The review seeks to ensure they adequately address the issue of technology-facilitated abuse, including deepfakes.

    In March 2024, the Joint Standing Committee on Electoral Matters commenced an inquiry into civics education, engagement and participation in Australia. This came from a referral from Government. The inquiry is considering how governments and the community can prevent or limit inaccurate or false information influencing electoral outcomes. Particularly with regard to AI, foreign interference, social media, and mis- and disinformation.

    As AI technologies continue to evolve and transform, it is critical that Australia harnesses the opportunities arising from the uptake of AI technologies. To bolster Australia’s economic and social prosperity, as well as ensuring our legal frameworks remain fit for purpose. Making sure we combat the misuse and abuse of AI for criminal purposes.

    Conclusion

    I started this speech talking about the excitement of the America’s Cup. What it did to my hometown of Fremantle. The joy that win gave the nation.

    I see that excitement again in the possibility of Artificial Intelligence. To unlock the potential of our people, wherever they live. Powered by a publicly owned National Broadband Network.

    In 2024 we stand on the doorstep of the AI age and that door is opening.

    The age of AI is now here. This is a time of great excitement, where the bounds of human creativity and imagination are currently being pushed. But it is also, a time to stop, and to carefully consider the potential hazards and pitfalls, as we move forward.

    The Australian Government is working hard to ensure our legislative framework shields Australians from the potential harms of AI technologies.

    MIL OSI News

  • MIL-OSI: UP Fintech Announces Full Exercise of Over-Allotment Option in Follow-on Public Offering of American Depositary Shares

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that the underwriters of the Company’s follow-on public offering have fully exercised their option to purchase an aggregate of 2,250,000 additional American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, from the Company at the public offering price of US$6.25 per ADS.

    Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and US Tiger Securities, Inc. acted as the joint bookrunners for the ADS offering.

    The ADS offering has been made pursuant to an automatic shelf registration statement on Form F-3 filed with the United States Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at http://www.sec.gov. The ADS offering has been made only by means of a prospectus supplement and an accompanying prospectus included in the Form F-3. The Form F-3 and the prospectus supplement are available on the SEC’s website at http://www.sec.gov.  The final prospectus supplement has been filed with the SEC and is available on the SEC’s website at: http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; China International Capital Corporation Hong Kong Securities Limited 29/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong; or, US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, NY 10022, United States of America.

    This announcement shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 22, 2024. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact
    UP Fintech Holding Limited
    Email: ir@itiger.com

    The MIL Network

  • MIL-OSI: Check Point Software Reports 2024 Third Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the third quarter ended September 30, 2024.

    Third Quarter 2024:

    • Total Revenues: $635 million, a 7 percent increase year over year
    • Security Subscriptions Revenues: $277 million, a 12 percent increase year over year
    • GAAP Operating Income: $218 million, representing 34 percent of revenues
    • Non-GAAP Operating Income: $274 million, representing 43 percent of revenues
    • GAAP EPS: $1.83, a 4 percent increase year over year
    • Non-GAAP EPS: $2.25, a 9 percent increase year over year

    “Check Point delivered great third quarter financial results that were bolstered by double-digit Infinity Platform growth. This success is underscored by double-digit revenue growth in Harmony Email and Infinity Global Services,” said Gil Shwed, Check Point founder and CEO. “We expanded our offerings into the Security Operation Center (SOC) market with the Cyberint acquisition that delivers proactive, AI powered threat intelligence and exposure management. We’re looking forward to continued success with our Infinity Platform and the broader adoption of our technologies as we close out the year.”

    Financial Highlights for the Third Quarter of 2024:

    • Total Revenues$635 million compared to $596 million in the third quarter of 2023, a 7 percent increase year over year.
    • GAAP Operating Income: $218 million compared to $226 million in the third quarter of 2023, representing 34 percent and 38 percent of total revenues in the third quarter of 2024 and 2023, respectively.
    • Non-GAAP Operating Income: $274 million compared to $269 million in the third quarter of 2023, representing 43 percent and 45 percent of total revenues in the third quarter of 2024 and 2023, respectively
    • GAAP Taxes on Income: $37 million compared to $39 million in the third quarter of 2023.
    • GAAP Net Income: $207 million compared to $205 million in the third quarter of 2023.
    • Non-GAAP Net Income: $255 million compared to $242 million in the third quarter of 2023.
    • GAAP Earnings per Diluted share: $1.83 compared to $1.75 in the third quarter of 2023, a 4 percent increase year over year.
    • Non-GAAP Earnings per Diluted share: $2.25 compared to $2.07 in the third quarter of 2023, a 9 percent increase year over year.
    • Deferred Revenues: As of September 30, 2024, deferred revenues were $1,745 million compared to $1,709 million as of September 30, 2023, a 2 percent increase year over year.
    • Cash Balances, Marketable Securities and Short-Term Deposits: $2,873 million as of September 30, 2024, compared to $2,989 million as of September 30, 2023.
    • Cash Flow: During the quarter we acquired Cyberint Ltd, a pioneering provider of External Risk Management solutions, for $186 million net cash consideration. Cash flow from operations was $249 million, and acquisition-related costs for the current quarter were insignificant. This compares to $222 million in the third quarter of 2023, which included $22 million in costs related to acquisitions.
    • Share Repurchase Program: During the third quarter of 2024, we repurchased approximately 1.79 million shares at a total cost of approximately $325 million.

    For information regarding the non-GAAP financial measures discussed in this release, as well as a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures, please see “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP to Non-GAAP Financial Information.”

    Video Conference Information
    Check Point will host a video conference with the investment community on October 29, 2024, at 8:30 AM ET/5:30 AM PT. To listen to the live video cast or replay, please visit the website: www.checkpoint.com/ir.

    Fourth Quarter Investor Conference Participation Schedule:    

    • Morgan Stanley 23rdAnnual Asia Pacific Summit
      November 20-21, 2024, Singapore
    • 2024 UBS Global Technology Conference
      December 2-3, 2024, Scottsdale, AZ – 1×1’s
    • Wells Fargo TMT Summit
      December 4, 2024, Rancho Palos Verdes, CA – 1×1’s
    • FBN Virtual Silicon Valley Tech Tour
      December 6, 2024, Virtual
    • Nasdaq 50thInvestor Conference
      December 10, 2024, London, UK

    Members of Check Point’s management team anticipate attending these conferences and events to discuss the latest company strategies and initiatives. Check Point’s conference presentations, if applicable, will be available via webcast on the company’s web site. To hear these presentations and access the most updated information please visit the company’s web site at www.checkpoint.com/ir. The schedule is subject to change.

    To follow this and other Check Point news visit:

    About Check Point Software Technologies Ltd.
    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.

    Legal Notice Regarding Forward-Looking Statements
    This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our products and solutions, and our participation in investor conferences and events during the fourth quarter of 2024. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; competition from other products and services; the appointment of our new CEO, the transition of our CEO into the role of Executive Chairman; and general market, political, economic, and business conditions, including acts of terrorism or war. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

    Use of Non-GAAP Financial Information
    In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, net income, and earnings per diluted share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets and acquisition related expenses and the related tax affects. Check Point’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Check Point’s ongoing core operations and prospects for the future. Historically, Check Point has also publicly presented these supplemental non-GAAP financial measures to assist the investment community in visualizing the Company “through the eyes of management,” and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating the business internally and has determined that it is important to provide this information to investors.

    CHECK POINT SOFTWARE TECHNOLOGIES LTD.
    CONSOLIDATED STATEMENT OF INCOME

    (Unaudited, in millions, except per share amounts)

      Three Months Ended   Nine Months Ended
      September 30,   September 30,
        2024     2023     2024     2023
    Revenues:                              
    Products and licenses $ 118.9   $ 114.2   $ 337.3   $ 339.1
    Security subscriptions   276.9     248.3     812.0     715.4
    Total revenues from products and security subscriptions   395.8     362.5     1,149.3     1,054.5
    Software updates and maintenance   239.3     233.8     712.0     696.7
    Total revenues   635.1     596.3     1,861.3     1,751.2
                   
    Operating expenses:              
    Cost of products and licenses   24.3     22.5     68.2     71.3
    Cost of security subscriptions   19.6     13.9     52.9     39.8
    Total cost of products and security subscriptions   43.9     36.4     121.1     111.1
    Cost of Software updates and
    Maintenance
      30.2     27.7     90.5     81.8
    Amortization of technology   5.8     3.0     17.4     8.2
    Total cost of revenues   79.9     67.1     229.0     201.1
                    
    Research and development   97.5     90.0     293.8     268.9
    Selling and marketing   208.9     183.3     630.8     546.6
    General and administrative   30.3     29.8     86.0     87.3
    Total operating expenses   416.6     370.2     1,239.6     1,103.9
                   
    Operating income   218.5     226.1     621.7     647.3
    Financial income, net   25.3     17.7     71.6     58.1
    Income before taxes on income   243.8     243.8     693.3     705.4
    Taxes on income   36.9     38.8     105.1     114.3
    Net income $ 206.9   $ 205.0   $ 588.2   $ 591.1
     

    Basic earnings per share

     

    $

     

    1.87

       

    $

     

    1.77

       

    $

     

    5.28

       

    $

     

    5.01

    Number of shares used in computing basic earnings per share   110.5     116.0     111.4     117.9
    Diluted earnings per share $ 1.83   $ 1.75   $ 5.16   $  4.96
    Number of shares used in computing diluted earnings per share    113.4     117.3     114.1     119.2
    CHECK POINT SOFTWARE TECHNOLOGIES LTD.
    SELECTED FINANCIAL METRICS
    (Unaudited, in millions, except per share amounts)
      Three Months Ended   Nine Months Ended
      September 30,   September 30,
        2024     2023     2024     2023
                   
    Revenues $ 635.1   $ 596.3   $ 1,861.3   $ 1,751.2
    Non-GAAP operating income   274.0     269.0     791.1     770.5
    Non-GAAP net income   255.4     242.4     735.9     698.6
    Diluted Non-GAAP Earnings per share $ 2.25   $ 2.07   $ 6.45   $ 5.86
    Number of shares used in computing diluted Non-GAAP earnings per share   113.4     117.3     114.1     119.2
    CHECK POINT SOFTWARE TECHNOLOGIES LTD.

    RECONCILIATION OF GAAP TO NON GAAP FINANCIAL INFORMATION

    (Unaudited, in millions, except per share amounts)

      Three Months Ended   Nine Months Ended
      September 30,   September 30,
        2024       2023       2024       2023  
                   
    GAAP operating income $ 218.5     $ 226.1     $ 621.7     $ 647.3  
    Stock-based compensation (1)   39.0                 36.5       119.9       105.4  
    Amortization of intangible assets and acquisition related expenses (2)   16.5       6.4       49.5       17.8  
    Non-GAAP operating income $ 274.0     $ 269.0     $ 791.1     $ 770.5  
                   
    GAAP net income $ 206.9     $ 205.0     $ 588.2     $ 591.1  
    Stock-based compensation (1)   39.0                       36.5       119.9                105.4  
    Amortization of intangible assets and acquisition related expenses (2)   16.5       6.4       49.5                   17.8  
    Taxes on the above items (3)   (7.0 )     (5.5 )     (21.7 )     (15.7 )
    Non-GAAP net income $ 255.4     $ 242.4     $ 735.9     $ 698.6  
                   
    Diluted GAAP Earnings per share $ 1.83     $ 1.75     $ 5.16     $ 4.96  
    Stock-based compensation (1)   0.34       0.31       1.04       0.88  
    Amortization of intangible assets and acquisition related expenses (2)   0.14       0.06       0.44       0.15  
    Taxes on the above items (3)   (0.06 )     (0.05 )     (0.19 )     (0.13 )
    Diluted Non-GAAP Earnings per share $ 2.25     $ 2.07     $ 6.45     $ 5.86  
                   
    Number of shares used in computing diluted
    Non-GAAP earnings per share
      113.4       117.3       114.1       119.2  
                   
    (1) Stock-based compensation:              
    Cost of products and licenses $ 0.1     $ 0.1     $ 0.3     $ 0.3  
    Cost of software updates and maintenance   1.8       1.9       6.2       4.9  
    Research and development   14.0       12.1       42.3                   34.5  
    Selling and marketing   15.4       15.0       46.2                41.1  
    General and administrative   7.7       7.4       24.9                24.6  
        39.0       36.5       119.9       105.4  
                   
    (2) Amortization of intangible assets and acquisition related expenses:              
    Amortization of technology-cost of revenues   5.8       3.0       17.4                      8.2  
    Research and development   1.6       1.1       4.8       5.0  
    Selling and marketing   9.1       2.3       27.3       4.6  
        16.5       6.4       49.5       17.8  
    (3) Taxes on the above items   (7.0 )     (5.5 )                  (21.7 )                  (15.7 )
     Total, net $ 48.5     $ 37.4     $ 147.7     $ 107.5  
    CHECK POINT SOFTWARE TECHNOLOGIES LTD.
    CONDENSED CONSOLIDATED BALANCE SHEET DATA
    (In millions)
    ASSETS
      September 30,   December 31,
      2024
    (Unaudited)
      2023
    (Audited)
    Current assets:      
    Cash and cash equivalents $ 543.8   $ 537.7
    Marketable securities and short-term deposits   925.6     992.3
    Trade receivables, net   391.9     657.7
    Prepaid expenses and other current assets   90.9     70.0
    Total current assets   1,952.2     2,257.7
           
    Long-term assets:      
    Marketable securities   1,403.4     1,429.7
    Property and equipment, net   80.6     80.4
    Deferred tax asset, net   76.5     81.8
    Goodwill and other intangible assets, net   1,900.4     1,748.5
    Other assets   99.5     97.4
    Total long-term assets   3,560.4     3,437.8
           
    Total assets $            5,512.6   $ 5,695.5
    LIABILITIES AND
    SHAREHOLDERS’ EQUITY
    Current liabilities:      
    Deferred revenues $ 1,270.2     $ 1,413.8  
    Trade payables and other accrued liabilities   446.0       502.3  
    Total current liabilities   1,716.2       1,916.1  
           
    Long-term liabilities:      
    Long-term deferred revenues   474.8       493.9  
    Income tax accrual   457.8       436.1  
    Other long-term liabilities   35.2       28.4  
        967.8       958.4  
           
    Total liabilities   2,684.0       2,874.5  
           
    Shareholders’ equity:      
    Share capital   0.8       0.8  
    Additional paid-in capital   3,019.4       2,732.5  
    Treasury shares at cost   (13,946.7 )     (13,041.2 )
    Accumulated other comprehensive loss   (1.2 )     (39.2 )
    Retained earnings   13,756.3       13,168.1  
    Total shareholders’ equity   2,828.6       2,821.0  
    Total liabilities and shareholders’ equity $ 5,512.6     $ 5,695.5  
    Total cash and cash equivalents, marketable securities and short-term deposits $ 2,872.8     $ 2,959.7  
    CHECK POINT SOFTWARE TECHNOLOGIES LTD.
    SELECTED CONSOLIDATED CASH FLOW DATA

     (Unaudited, in millions)

      Three Months Ended   Nine Months Ended
      September 30,   September 30,
        2024       2023       2024       2023  
    Cash flow from operating activities:              
    Net income $ 206.9     $ 205.0     $ 588.2     $ 591.1  
    Adjustments to reconcile net income to net cash provided by operating activities:              
    Depreciation of property and equipment   5.2       5.2       17.7       17.4  
    Amortization of intangible assets   13.4       4.6       40.4       10.8  
    Stock-based compensation   39.0       36.5       119.9       105.4  
    Realized loss on marketable securities   *)       6.0       *)       6.7  
    Decrease in trade and other receivables, net   67.8       38.1       258.2       263.3  
    Decrease in deferred revenues, trade payables and other accrued liabilities   (91.6 )     (75.8 )     (213.3 )     (205.1 )
    Deferred income taxes, net   8.2       2.7       (1.3 )     9.3  
    Net cash provided by operating activities   248.9       222.3       809.8       798.9  
                   
    Cash flow from investing activities:              
    Payment in conjunction with acquisitions, net of acquired cash   (185.8 )     (455.0 )     (185.8 )     (455.0 )
    Investment in property and equipment   (4.8 )     (6.1 )     (17.7 )     (13.9 )
    Net cash used in investing activities   (190.6 )     (461.1 )     (203.5 )     (468.9 )
                   
    Cash flow from financing activities:              
    Proceeds from issuance of shares upon exercise of options   45.4       32.6       249.6       117.7  
    Purchase of treasury shares   (325.0 )     (324.6 )     (975.0 )     (974.4 )
    Payments related to shares withheld for taxes   (3.9 )     (2.1 )     (17.1 )     (9.8 )
    Net cash used in financing activities   (283.5 )     (294.1 )     (742.5 )     (866.5 )
                   
    Unrealized gain on marketable securities, net   40.1       6.1       49.3       22.0  
                   
    Decrease in cash and cash equivalents, marketable securities and short term deposits   (185.1 )     (526.8 )      (86.9 )      (514.5 )
                   
    Cash and cash equivalents, marketable securities and short term deposits at the beginning of the period    3,057.9        3,515.5       2,959.7       3,503.2  
                   
    Cash and cash equivalents, marketable securities and short term deposits at the end of the period $ 2,872.8     $ 2,988.7     $ 2,872.8     $ 2,988.7  

    *) represents an amount lower than 0.1

    The MIL Network

  • MIL-OSI Asia-Pac: PM to visit Gujarat on 30-31 October

    Source: Government of India

    PM to visit Gujarat on 30-31 October

    PM to participate in Rashtriya Ekta Diwas celebrations

    PM to inaugurate and lay the foundation stone of various infrastructural and development projects worth over Rs 280 crore in Ekta Nagar

    PM to address the Officer Trainees of the 99th Common Foundation Course in Aarambh 6.0

    Posted On: 29 OCT 2024 3:35PM by PIB Delhi

    Prime Minister Shri Narendra Modi will visit Gujarat on 30-31 October. On 30th October, he will travel to Ekta Nagar, Kevadia and at around 5:30 PM, he will inaugurate and lay the foundation stone of various infrastructural and development projects worth over Rs 280 crore in Ekta Nagar. Thereafter, at around 6 PM, he will address the Officer Trainees of the 99th Common Foundation Course in Aarambh 6.0. On 31st October, at around 7:15 AM, Prime Minister will offer floral tribute at the Statue of Unity, which will be followed by Rashtriya Ekta Diwas celebrations.

    Prime Minister will inaugurate and lay the foundation stone of various infrastructural and development projects in Ekta Nagar. These projects aim to enhance the tourist experience, improve accessibility and support sustainability initiatives in the area.

    Prime Minister will address the Officer Trainees of the 99th Common Foundation Course on the eve of the Rastriya Ekta Diwas in Aarambh 6.0. The theme for this year’s programme is “Roadmap for Aatmanirbhar and Viksit Bharat.” The 99th Common Foundation Course – Aarambh 6.0 – includes 653 Officer Trainees from across 16 civil services of India and 3 civil services of Bhutan.

    On 31st October, Prime Minister will participate in the Rashtriya Ekta Diwas celebrations and offer floral tribute to Sardar Vallabhbhai Patel. He will administer the Ekta Diwas pledge and witness Ekta Diwas Parade which will comprise of 16 marching contingents from 9 States and 1 UT Police, 4 Central Armed Police Forces, NCC and a marching band. Special attractions include Hell March contingent of NSG, daredevil show by BSF and CRPF women and men bikers, a show on combination of Indian Martial Arts by BSF, piped band show by school children, ‘Surya Kiran’ flypast by Indian Air Force, among others.

     

    ***

    MJPS

    (Release ID: 2069191) Visitor Counter : 8

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Rajasthan village marches towards zero-waste through green technology interventions

    Source: Government of India (2)

    Posted On: 29 OCT 2024 3:11PM by PIB Delhi

    Aandhi, a tiny village in the district of Jaipur, and about 43 Km from Rajasthan’s capital city of Jaipur is transforming itself to a zero-waste model with the help of green technology interventions.

    Food waste, agro waste, waste water, hospital waste coming from various village sources including institutions like schools, agricultural fields, community health centres could now be converted to resources with the help of a package of technology interventions that have been recently installed in the village.

    The package of technology interventions consisting of Organic Waste Bio-Methanation Plant, Vermifiltration Technology, Constructed Wetlands, resource recovery centre, stands as a unique and socially relevant initiative, creating a zero-waste model through the integration of innovative technologies.  

    Recently, the demonstration plants were inaugurated at three identified locations—a government school, a community health centre, and the constructed wetland at the main pond. It was graced by Dr. Anita Gupta, Head of the Climate, Energy, and Sustainable Technology (CEST) Division, along with Dr. G.V Raghunath Reddy, the Programme Officer.

    The Organic Waste Bio-Methanation Plant at Government School (100 Kg Capacity) converts organic waste, such as food scraps and agricultural residues, into biogas through anaerobic digestion. Equipped with a 5 KW solar energy system. It provides clean energy for cooking and electricity generation, reducing reliance on traditional fuels and promoting renewable energy, cleaner air, and lower greenhouse gas emissions.

    Utilizing earthworms to filter and treat wastewater, the Vermifiltration Technology at the Community Health Center (10 KLD Capacity) makes it suitable for purifying greywater and sewage. The treated water can be reused for agricultural irrigation or landscape watering. Solar energy integration in this patented technology ensures an eco-friendly and energy-efficient wastewater management process, contributing to sustainable water reuse and environmental conservation.

    The Constructed Wetlands at the Main Pond in Aandhi Village (20 KLD Capacity) replicate natural wetland processes to treat wastewater and restore ecosystems. This system will help manage village wastewater while enhancing biodiversity, supporting local flora and fauna, and improving the overall health of the pond ecosystem.

    Partnerships have been established with recycling agencies for the collection and segregation of recyclable waste from the Resource Recovery Center (RRC), ensuring its proper disposal and recycling. Vermicomposting units have also been developed, and the techniques have been disseminated among the villagers for their utilization.

    These initiatives demonstrate the transformative power of green technology in rural communities, showcasing DST’s commitment to promoting innovation and environmental stewardship. The project aligns closely with India’s broader goals of achieving environmental sustainability, mitigating climate change, and promoting waste-to-wealth models that uplift local communities.

    By leveraging advanced green technologies, the project aims to create a self-sustaining model of zero-waste management that can be replicated in other rural areas across the country, contributing to a cleaner, greener, and more sustainable future for all.

    Such interventions could potentially offer a good prospect to be replicated across various villages creating a new pathway for India to march towards a development led inclusive and sustainable net Zero nation.

     

     

    ***

    NKR/KS/AG

    (Release ID: 2069178) Visitor Counter : 56

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi launches, inaugurates and lays the foundation stone of multiple projects related to health sector worth over Rs 12,850 crore

    Source: Government of India (2)

    Prime Minister Shri Narendra Modi launches, inaugurates and lays the foundation stone of multiple projects related to health sector worth over Rs 12,850 crore

    Augmenting the healthcare infrastructure is our priority, Initiatives relating to the sector launched today will make top-quality and affordable facilities available to the citizens:PM

    It is a matter of happiness for all of us that today Ayurveda Day is being celebrated in more than 150 countries: PM

    Government has set five pillars of health policy:PM

    Now every senior citizen of the country above the age of 70 years will get free treatment in the hospital,Such elderly people will be given Ayushman Vaya Vandana Card:PM

    Government is running Mission Indradhanush campaign to prevent deadly diseases: PM

    Our government is saving the money of the countrymen by making maximum use of technology in the health sector: PM

    Posted On: 29 OCT 2024 3:09PM by PIB Delhi

    On the occasion of Dhanvantari Jayanti and 9th Ayurveda Day, the Prime Minister, Shri Narendra Modi today launched, inaugurated and laid the foundation stone for multiple projects related to the health sector worth around Rs 12,850 crore at All India Institute of Ayurveda (AIIA) in New Delhi.

    Addressing the gathering, the Prime Minister noted the occasion of Dhanvantari Jayanti and Dhanteras and conveyed his best wishes on the occasion. He conveyed his wishes to all business owners of the country as most people tend to buy something new for their homes, and also extended advanced greetings for Diwali.

    The Prime Minister underlined that this Diwali is a historic one as Lord Shri Ram’s temple in Ayodhya will be lit up with thousands of diyas, making the celebrations unprecedented. “Lord Ram has once again returned to his abode in this year’s Diwali”, the Prime Minister remarked, adding that this wait is finally over not after 14 but 500 years. 

    Shri Modi said that it is no coincidence that this year’s festival of Dhanteras is an amalgamation of prosperity and health but a symbol of India’s culture and philosophy of life. Quoting sages and saints, the Prime Minister explained that health is considered supreme wealth and this ancient notion is finding acceptance across the world in the form of Yoga. Shri Modi expressed happiness that Ayurveda Diwas is being celebrated in more than 150 countries today and said that it is proof of the growing attraction towards Ayurveda, and India’s contribution to the world from its ancient past. 

    The Prime Minister underscored that in the past decade, the country had witnessed the beginning of a new chapter in the health sector with the amalgamation of knowledge of  Ayurveda with Modern medicine. He added that All India Institute of Ayurveda had been a focal point of this chapter. Shri Modi remarked that seven years ago on Ayurveda day, he was fortunate to dedicate the first phase of the institute to the country and today with the blessings of Lord Dhanvantri, he was inaugurating the second phase of the institute. He noted that it would be possible to see the  ancient techniques like Panchakarma infused with modern technology in this institute along with advanced research studies in the fields of Ayurveda and medical science. Shri Modi congratulated the citizens of India for this advancement. 

    Noting that the progress of a nation is directly proportional to the health of its citizens, the Prime Minister highlighted the government’s priority to the health of its citizens and outlined the five pillars of health policy. He listed the five pillars as preventive healthcare, early detection of ailments, free and low-cost treatment and medicines, availability of doctors in small towns and lastly expansion of technology in health services. “India is looking at the health sector as holistic health”, Shri Modi said, adding that the projects of today provide a glimpse of these five pillars. Touching upon the inauguration and foundation stone laying of projects worth more than Rs 13,000 crore, the Prime Minister mentioned creation of 4 centers of excellence under Ayush Health scheme, expansion of health services with the use of drones, helicopter service in AIIMS, Rishikesh, new infrastructure in AIIMS, New Delhi and AIIMS, Bilaspur, expansion of services in five other AIIMS in the country, establishment of medical colleges, bhoomi pujan of nursing colleges and other projects related to the health sector.The Prime Minister expressed happiness with several hospitals being established for the treatment of shramiks and said that it would become a center of treatment for shramiks. He also touched upon the inauguration of pharma units that would play a key role in manufacturing of advanced medicine and high quality stents and implants and further India’s growth. 

    The Prime Minister noted that most of us come from a background where illness meant a lightning strike on the entire family and especially in a poor household if a person is down with serious ailment, every member of the family was deeply affected. He added that there was a time when people would sell their houses, lands, jewelry, everything for treatment and be unable to bear the huge out-of-pocket expenditure while poor people had to make a choice between healthcare and other priorities of family. Shri Modi underlined that to overcome the despair of the poor, our Government introduced the Ayushman Bharat Yojana, where the government would bear the cost of hospitalization of the poor up to Rs. 5 lakh. The Prime Minister expressed satisfaction that about 4 crore poor people in the country have benefited from the Ayushman Yojana by getting treated without having to pay a single rupee. Shri Modi remarked that when he meets the beneficiaries of Ayushman Yojana in different states of the country, he feels satisfied that the scheme was a blessing for every person associated with it, be it a doctor or a paramedical staff. 

    Expressing satisfaction on the expansion of Ayushman Yojana, Shri Modi said that every elderly person was looking forward to it and the poll guarantee, if elected for the third term, of bringing all the elderly above 70 years of age under the ambit of Ayushman Yojana was being fulfilled. He added that every elderly person above 70 years of age in the country will get free treatment in the hospital by a Ayushman Vaya Vandana Card. Shri Modi highlighted that the card was universal and there was no restriction on income, be it poor or middle class or upper class. Informing that the scheme would prove to be a milestone for its universal applicability, Shri Modi remarked that with a Ayushman Vaya Vandana card for an elderly in the house, the Out-of-Pocket expenditure will be reduced to a great extent. He congratulated all the countrymen for this scheme and also informed that the scheme was not implemented in Delhi and West Bengal.

    Reiterating the government’s priority to reduce the cost of treatment, be it the poor or middle class, the Prime Minister mentioned the launch of more than 14,000 PM Jan Aushadhi Kendras across the country where medicines are available at 80 percent discount. He informed that the poor and middle class have managed to save Rs 30,000 crore due to availability of cheap medicines. He further added that prices of devices like stents and knee implants have been reduced, therefore, preventing a loss of more than Rs 80,000 crores rupees by the common citizens. He also mentioned the free dialysis scheme and Mission Indradhanush campaign to prevent fatal diseases and saving the lives of pregnant women and newborn babies. The Prime Minister assured that he will not rest until the poor and middle class of the country are free from the burden of expensive treatment. 

    The Prime Minister emphasized the importance of timely diagnosis in reducing the risks and inconveniences associated with illnesses. He highlighted that over two lakh Ayushman Arogya Mandirs have been established across the country to facilitate early diagnosis and treatment. He said that these Arogya Mandirs enable crores of citizens to easily check for diseases like cancer, hypertension, and diabetes. He said that timely diagnosis leads to prompt treatment, ultimately saving costs for patients. The Prime Minister explained that the government is leveraging technology to enhance healthcare and save citizens’ money under the e-Sanjeevani scheme where over 30 crore people have consulted doctors online. “Free and accurate consultations from doctors have significantly reduced healthcare expenses”, he added. Shri Modi announced the launch of the U-win platform which will provide India with a technologically advanced interface in the health sector. “The world witnessed the success of our Co-win platform during the pandemic, and the success of the UPI payment system has become a global story,” he said, adding that India aims to replicate this success in the healthcare sector through Digital Public Infrastructure. 

    The Prime Minister highlighted the unprecedented progress made in India’s healthcare sector over the past decade, contrasting it with the limited achievements in the previous six to seven decades and said, “In the last 10 years, we have seen a record number of new AIIMS and medical colleges being established”. Referring to today’s occasion, the Prime Minister said that hospitals were inaugurated in Karnataka, Uttar Pradesh, Madhya Pradesh, and Andhra Pradesh. He also mentioned the foundation stone laying for new medical colleges in Narsapur and Bommasandra in Karnataka, Pithampur in Madhya Pradesh, Achitapuram in Andhra Pradesh, and Faridabad in Haryana. “Additionally, work has begun on the new ESIC Hospital in Meerut, Uttar Pradesh, and a new hospital was inaugurated in Indore”, he added. The Prime Minister emphasized that the increasing number of hospitals reflects a proportional rise in medical seats. He affirmed that no poor child’s dream of becoming a doctor would be shattered, and no middle-class student would be forced to study abroad due to lack of options in India. Shri Modi informed that nearly 1 lakh new MBBS and MD seats have been added over the past 10 years and reiterated the commitment to announcing another 75,000 seats in the next five years. 

    The Prime Minister informed that 7.5 lakh registered AYUSH practitioners are already contributing to the nation’s healthcare. He stressed on increasing this number further and highlighted the growing demand for medical and wellness tourism in India. He stressed the need for the youth and AYUSH practitioners to prepare for expanding fields such as preventive cardiology, Ayurvedic orthopedics, and Ayurvedic rehabilitation centers, both in India and abroad. “Immense opportunities are being created for AYUSH practitioners. Our youth will not only progress themselves through these opportunities but will also render a great service to humanity”, he added. 

    PM Modi noted the rapid progress in medicine during the 21st century, with breakthroughs in treatments for previously incurable diseases. He said, “As the world places importance on wellness along with treatment, India has thousands of years of knowledge in this area.” The Prime Minister announced the launch of the Prakriti Parikshan Abhiyan aimed at designing ideal lifestyles and risk analysis for individuals using Ayurveda principles. He emphasized that this initiative can redefine the healthcare sector globally and provide a new perspective for the entire world. 

    Prime Minister Modi underscored the importance of validating traditional herbs like Ashwagandha, turmeric, and black pepper through high-impact scientific studies. “Lab validation of our traditional healthcare systems will not only increase the value of these herbs but also create a significant market”, he remarked, pointing to the rising demand for Ashwagandha, which is projected to reach $2.5 billion by the end of this decade. 

    Underlining that the success of AYUSH is transforming not only the health sector but also the economy, the Prime Minister informed that the AYUSH manufacturing sector has grown from $3 billion in 2014 to nearly $24 billion today, an 8-fold increase in just 10 years. He added that over 900 AYUSH start-ups are now operational in India, creating new opportunities for the youth. The Prime Minister highlighted the global export of AYUSH products to 150 countries, benefiting Indian farmers by turning local herbs and superfoods into global commodities. He also pointed out initiatives like the Namami Gange project, which promotes natural farming and herb cultivation along the Ganga river.

    Reflecting on India’s commitment to health and well-being, Shri Modi said that it is the soul of India’s national character and social fabric. He emphasized that the government in the last 10 years has aligned the nation’s policies with the philosophy of ‘Sabka Saath, Sabka Vikas.’ “In the next 25 years, these efforts will lay a strong foundation for a developed and healthy India”, Shri Modi concluded. 

    Union Minister for Health and Family Welfare & Chemicals & Fertilizers, Shri J P Nadda, and Minister of Labour and Employment & Youth Affairs and Sports, Dr Mansukh Mandaviya were present on the occasion among others.

    Background

    As a major addition to the flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY), the Prime Minister launched expansion of health coverage to all senior citizens aged 70 years and above. This will help provide health coverage to all senior citizens regardless of their income.

    It has been the constant endeavor of the Prime Minister to provide quality healthcare services all across the country. In a major boost to healthcare infrastructure, the Prime Minister inaugurated and laid the foundation stone of multiple healthcare institutions.

    The Prime Minister inaugurated Phase II of India’s First All India Institute of Ayurveda. It includes a Panchakarma hospital, an Ayurvedic pharmacy for drug manufacturing, a sports medicine unit, a central library, an IT and start-ups incubation center and a 500-seat auditorium among others. He also inaugurated three medical colleges at Mandsaur, Neemuch and Seoni in Madhya Pradesh. Further, he inaugurated facility and service extensions at various AIIMS in Bilaspur in Himachal Pradesh, Kalyani in West Bengal, Patna in Bihar, Gorakhpur in Uttar Pradesh, Bhopal in Madhya Pradesh, Guwahati in Assam and in New Delhi, which will also include a Jan Aushadhi Kendra. The Prime Minister also inaugurated a Super Speciality Block in Government Medical College at Bilaspur in Chhattisgarh and a Critical Care Block in Bargarh, Odisha.

    The Prime Minister also laid the foundation stone of five Nursing Colleges in Shivpuri, Ratlam, Khandwa, Rajgarh and Mandsaur in Madhya Pradesh; 21 Critical Care Blocks at Himachal Pradesh, Karnataka, Manipur, Tamil Nadu and Rajasthan under Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) and several facilities and service extensions at AIIMS in New Delhi and in Bilaspur, Himachal Pradesh.

    The Prime Minister also inaugurated an ESIC Hospital at Indore in Madhya Pradesh, and lay the foundation stone for ESIC hospitals at Faridabad in Haryana, Bommasandra and Narasapur in Karnataka, Indore in Madhya Pradesh, Meerut in Uttar Pradesh, and Atchutapuram in Andhra Pradesh. These projects will bring healthcare benefits to around 55 lakh ESI beneficiaries.

    The Prime Minister has been a strong proponent of expanding the usage of technology to enhance service delivery across sectors. In an innovative usage of drone technology to enhance service delivery to make healthcare more accessible, the Prime Minister launched drone services at 11 Tertiary Healthcare Institutions. These are AIIMS Rishikesh in Uttarakhand, AIIMS Bibinagar in Telangana, AIIMS Guwahati in Assam, AIIMS Bhopal in Madhya Pradesh, AIIMS Jodhpur in Rajasthan, AIIMS Patna in Bihar, AIIMS Bilaspur in Himachal Pradesh, AIIMS Raebareli in Uttar Pradesh, AIIMS Raipur in Chhattisgarh, AIIMS Mangalagiri in Andhra Pradesh and RIMS Imphal in Manipur. He will also launch Helicopter Emergency Medical Services from AIIMS Rishikesh, which will help deliver speedy medical care.

    The Prime Minister launched the U-WIN portal. It will benefit pregnant women and infants by fully digitalizing the vaccination process. It will ensure timely administration of life-saving vaccines to pregnant women and children (from birth to 16 years) against 12 vaccine-preventable diseases. Further, the Prime Minister also launched a portal for allied and healthcare professionals and institutes. It will act as a centralized database of existing healthcare professionals and institutes.

    The Prime Minister launched several initiatives to strengthen the R&D and testing infrastructure to improve the healthcare ecosystem in the country. The Prime Minister inaugurated a Central Drugs Testing Laboratory in Gothapatna in Bhubaneswar, Odisha.

    He laid the foundation stone of two Central Research Institutes in Yoga and Naturopathy at Khordha in Odisha, Raipur in Chhattisgarh. He also laid the foundation stone of four Centres of Excellence at NIPER Ahmedabad in Gujarat for medical devices, NIPER Hyderabad in Telangana for bulk drugs, NIPER Guwahati in Assam for phytopharmaceuticals, and NIPER Mohali in Punjab for anti-bacterial anti-viral drug discovery and development.

    The Prime Minister launched four Ayush Centres of Excellence, namely Centre of Excellence for diabetes and metabolic disorders at Indian Institute of Science, Bengaluru; Centre of Excellence in sustainable Ayush for advanced technological solutions, start-up support and net zero sustainable solutions for Rasaushadhies at IIT Delhi; Centre of Excellence for fundamental and translational research in Ayurveda at Central Drug Research Institute, Lucknow; and Centre of Excellence on Ayurveda and Systems Medicine at JNU, New Delhi.

    In a major boost to Make in India initiative in the healthcare sector, Prime Minister inaugurated five projects under the Production Linked Incentive (PLI) scheme for medical devices and bulk drugs at Vapi in Gujarat, Hyderabad in Telangana, Bengaluru in Karnataka, Kakinada in Andhra Pradesh and Nalagarh in Himachal Pradesh. These units will manufacture high-end medical devices, such as body implants and critical care equipment, along with important bulk drugs.

    The Prime Minister also launched a nationwide campaign, “Desh Ka Prakriti Parikshan Abhiyan,” that aims to raise health awareness among the citizens. He also launched the State specific Action Plan on Climate Change and Human Health for each state and UT which will lay out adaptation strategies towards developing climate resilient healthcare services.

     

     

    ***

    MJPS/SR/TS

    (Release ID: 2069177) Visitor Counter : 92

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Magic recipes to create hydrogels from viral protein fragments can improve drug delivery

    Source: Government of India (2)

    Posted On: 29 OCT 2024 3:03PM by PIB Delhi

    A new way discovered to create hydrogels using tiny protein fragments of just five amino acids from the SARS-CoV-1 virus, could help improve targeted drug delivery & reduce side effects

    Due to the increase in chronic and infectious diseases, researchers are for ever on the lookout for new methods of drug delivery to improve the effectivity of treatments. Hydrogels are known to be suitable for drug delivery because of their swelling behaviour, mechanical strength and biocompatibility.

    Short peptide-based hydrogels hold enormous potential for a wide range of applications. However, researchers have found the gelation of these systems very challenging to control. Minor changes in the peptide sequence can significantly influence the self-assembly mechanism and thereby the gelation propensity.

    Following the involvement of SARS CoV E protein in the assembly and release of the virus suggested to researchers from Bose Institute an autonomous institute of the Department of Science and Technology (DST) in Kolkata that it may have inherent self-assembling properties that can contribute to the development of hydrogels.

    Professor Anirban Bhunia and his team at the Department of Chemical Sciences in Bose Institute, explored this possibility and discovered a new way to create useful gel materials.

    In a paper recently published in the prestigious journal Small (Wiley), Prof. Bhunia and his collaborators from the Indian Institute of Science, Bangalore, University of Texas Rio Grande Valley, USA and Indian Association for the Cultivation of Science, Kolkata showed that by rearranging just five amino acids of the SARS-CoV-1 virus, one can make gels made up of pentapeptides with unique properties. Some of them gel when heated, others at room temperature.

    This unique discovery could lead to significant medical advancements like customizable hydrogels that can improve targeted drug delivery enhancing treatment efficacy while reducing side effects.

    These materials could revolutionize tissue engineering, potentially aiding in organ regeneration. These gels might also advance wound healing treatments and enable more accurate disease modelling for research.          

     

     

     ***

    NKR/KS/AG

    (Release ID: 2069176) Visitor Counter : 54

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Indigenous Transponders Become Lifeline for Fishermen During Cyclone DANA

    Source: Government of India

    Posted On: 29 OCT 2024 2:31PM by PIB Delhi

    The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry, and Dairying (MoFAH&D) with the help of the Vessel Communication and Support System under the Pradhan Mantri Matsya Sampada Yojana has been able to enhance the safety and security of fishermen at sea. Launched by Prime Minister Shri Narendra Modi, from Palghar, Maharashtra on 30th August, 2024 this project has an outlay of ₹364 crores. These transponders are being given to the fishermen free of cost. This initiative of MoFAH&D for Vessel Communication and Support System, featuring indigenous transponder technology, has demonstrated its capability in safeguarding fishermen during Cyclone DANA. This system aims to ensure safety and security of the fishermen while at sea for fishing by enabling them for two-way communication which was not possible before induction of this technology beyond mobile coverage range. Government of India has planned to install indigenously developed transponders on One Lakh fishing vessels in all 13 coastal states and UTs.  This technology was developed by Indian Space Research Organisation (ISRO) and is  being implemented through NewSpace India Ltd(NSIL) which is the commercial arm of ISRO under Department of Space (DoS). 

    Recently, Odisha was proactive in  installation of these transponders and more than 1000 transponders have been installed in the state. This technology has proved as a  lifeline for the fishermen of Odisha by providing support to them during the recent cyclone that impacted the Odisha coast and adjoining areas of the Bay of Bengal. As Cyclone DANA approached the state of Odisha recently, the Odisha State Relief Commissioner issued a warning on 20th October 2024, based on the India Meteorological Department’s midday bulletin. The warnings and advisories were issued on real-time basis to the fishermen using Vessel Communication and Support System. This has not only helped in saving life of the fishermen out at sea but also helped in preventing damage to their resources.  

    Through these transponders, advisories were issued to the fishermen out at sea through Space Application Centre (SAC), Ahmedabad to avoid venturing into the sea from 21st October to 26th October 2024.  It was also advised to the fishermen out at sea to return to the shore immediately. The timing of this warning was significant, allowing fishermen to take necessary precautions before the cyclone made landfall. The messages sent to fishermen included, “Fishermen out at sea are advised to return to the coast immediately,” and “Fishermen are advised not to venture into the sea off Odisha Coast and adjoining North Bay of Bengal during 21st to 26th October 2024.” These broadcast messages were communicated in both English and Odia, ensuring that all fishermen could understand the severity of the situation.

    Traditionally, authorities relied on Very High Frequency radio and phone calls to contact vessels, depending on boat owners to provide their exact locations. This method posed significant challenges, as locating mechanized trawlers in distant waters was often difficult. Moreover, some owners were unable to provide precise information on their vessel numbers and locations. This lack of accurate data hindered effective communication and posed serious risks to the safety of the fishermen at sea. With the Vessel Communication and Support System in place, officials could send a mass broadcast message on the evening of 20th October 2024 to all vessels at sea, utilizing satellites from the Indian Space Research Organisation. This timely broadcast was a game changer, prompting a swift response and enabling the vessels to return to shore by the morning of 21st October 2024. The mass message was not just a notification; it was a lifeline that significantly improved the chances of safety for those at sea.

    The use of transponders and the Nabhmitra Application played a pivotal role in enhancing safety during Cyclone DANA by enabling effective tracking of vessel positions and monitoring their speeds. This application allowed officials to estimate the time of arrival for each vessel at shore, which was paramount in ensuring that fishermen could return safely before the cyclone made landfall. The Nabhmitra Application offers comprehensive tracking features that include essential boat information, such as boat numbers and transponder IDs. By providing real-time updates on location, course and speed, the application helped authorities maintain an accurate understanding of each vessel’s movements.

    Moreover, the application served as a valuable source of cyclone information, detailing the cyclone’s name, category, and specific location through precise latitude and longitude coordinates. This data was complemented by the cyclone’s date and time, maximum surface wind speeds, and the date when this information was acquired. By having this significant information readily accessible, fishermen were better equipped to respond to the unfolding situation. In addition to cyclone-related data, the Nabhmitra Application also provided important weather updates, including sea conditions, wind speed and direction, and visibility. This holistic view of the maritime environment was instrumental for fishermen, allowing them to make informed decisions about their safety. With these tools at their disposal, authorities were able to coordinate the return of fishermen effectively, ensuring they received timely alerts and could navigate the dangers posed by the approaching cyclone.

    The ability to track vessels in real time represented a significant leap forward in crisis management. Officials could monitor approximately 126 boats from Paradeep that were further out at sea, ensuring the safe return of all boats by 22nd October 2024, well before Cyclone DANA made landfall. This enhanced tracking capability helped authorities stay informed about the vessels’ conditions, allowing them to respond effectively to any emergencies. Furthermore, the communication capabilities of the Vessel Communication and Support System were instrumental in disseminating emergency messages in local languages. This feature ensured clarity and urgency, allowing fishermen to comprehend the importance of returning to safety without delay. The multilingual support enhanced the system’s effectiveness, as many fishermen may not be fluent in English or Hindi. By using local dialects, the authorities could convey essential information more effectively, further reducing response times.

    The level of coordination achieved during this crisis was only possible through the Vessel Communication and Support System. The system not only enabled a proactive response but also facilitated collaboration among various stakeholders, including the Department of Fisheries, the Coast Guard, and local authorities. This level of inter-agency cooperation is important during emergencies, ensuring that resources are allocated effectively, and that the response is as swift as possible. The successful deployment of the Vessel Communication and Support System during Cyclone DANA represents a remarkable milestone in crisis management and disaster preparedness. It showcases how technology can be leveraged to protect livelihoods while enhancing the resilience of coastal communities against natural disasters. The system has marked an impressive improvement in crisis management and has showcased the transformative potential of the Vessel Communication and Support System.

    The response to Cyclone DANA has underscored the capabilities of transponder technology in protecting the lives of fishermen and enhancing India’s preparedness for future maritime challenges. By enabling real-time communication and monitoring, the Vessel Communication and Support System sets a new standard in maritime safety. The effectiveness of the system during this crisis serves as a template for future implementations, suggesting that similar technologies can be used in other regions and situations to enhance safety and preparedness.

    The lessons learned from the response to Cyclone DANA are invaluable. It is imperative that the adoption of advanced technologies for disaster management is a key step. The Vessel Communication and Support System highlights the importance of investment in maritime safety infrastructure. The Vessel Communication and Support System has  proved to be a significant asset during Cyclone DANA, ensuring the safety and security of fishermen at sea. By facilitating real-time tracking, effective communication, and coordinated emergency responses, the system exemplifies how technology can enhance maritime safety in the face of natural disasters. The successful outcomes achieved during this crisis serve as a testament to the effectiveness of integrating advanced technologies in safeguarding livelihoods and enhancing preparedness for future challenges. As India continues to strengthen its maritime safety framework, the lessons learned from Cyclone DANA will guide future initiatives, ultimately fostering a safer environment for the fishing community. The path to safety has been significantly illuminated through the effective use of indigenously designed and developed Vessel Communication and Support System, ensuring that fishermen are well-informed and can navigate the challenges posed by nature with greater confidence.

    ****

    AA

    (Release ID: 2069157) Visitor Counter : 18

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Pradhan Mantri Mudra Yojana

    Source: Government of India (2)

    Pradhan Mantri Mudra Yojana

    Loan Limit Raised to ₹20 Lakh from ₹10 Lakh

    Posted On: 29 OCT 2024 3:00PM by PIB Delhi

     

    “Millions of common men and women of this country, who run small business, have almost remained outside the net of formal institutional finance, in spite of their large contribution to the economy. MUDRA is our innovation of funding the unfunded.”

                             ~ Prime Minister Narendra Modi

     

    The Pradhan Mantri MUDRA Yojana (PMMY), launched by the Prime Minister on April 8, 2015, has played a pivotal role in empowering non-corporate, non-farm small and micro enterprises by providing loans of up to ₹10 lakh. To strengthen support for aspiring entrepreneurs, the finance minister announced an increase in the loan limit to ₹20 lakh during the Union Budget 2024-25 on July 23, 2024. This new limit took effect on October 24, 2024.

    This announcement also introduces a new loan category, Tarun Plus, designed specifically for those who have previously availed and successfully repaid loans under the Tarun category, allowing them to access funding between ₹10 lakh and ₹20 lakh. Additionally, the Credit Guarantee Fund for Micro Units (CGFMU) will now provide guarantee coverage for these enhanced loans, further reinforcing the government’s commitment to nurturing a robust entrepreneurial ecosystem in India.

    Mudra Yojana

     

    MUDRA,3 which stands for Micro Units Development & Refinance Agency Ltd, is a financial institution set up by the Government of India under PMMY for development and refinancing micro unit enterprises. PMMY aims to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes. PMMY has given wings to the dreams and aspirations of millions, along with a feeling of self-worth and independence.

    Need for the MUDRA Yojana

    India is a young country brimming with youthful enthusiasm and aspirations. In order to provide a fertile ground for sowing the seeds of India’s development it is very important to harness this innovative zeal of young India which can provide new age solutions to existing gaps in the economic ecosystem of the country. Understanding the need to harness the latent potential of entrepreneurship in India, the Union Government launched the Pradhan Mantri MUDRA Yojana.

    MUDRA Loans: Categories

    Under PMMY collateral free loans up to Rs. 20 Lakh are extended by Member Lending Institutions (MLIs) viz Scheduled Commercial Banks,  Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) etc. The loans are given for income generating activities in manufacturing, trading and services sectors and for activities allied to agriculture.

    MUDRA loans now will be offered in four categories namely, ‘Shishu’, ‘Kishore’and ‘Tarun’ and newly added category ‘Tarun Plus’ which signifies the stage of growth or development and funding needs of the borrowers:-

    • Shishu: covering loans upto Rs. 50,000/-
    • Kishore: covering loans above Rs. 50,000/- and up to Rs. 5 lakhs
    • Tarun: covering loans above Rs. 5 lakh and up to Rs. 10 lakhs
    • Tarun Plus: Rs. 10 lakh and up to Rs. 20 lakhs

     

    Achievements of PMMY

     

    Under Pradhan Mantri Mudra Yojana (PMMY) amount sanctioned and disbursed in the financial year 2023-24 under various categories:[4]

    • Women Borrowers: A total of ₹1,08,472.51 crore was disbursed under the Shishu category, ₹1,00,370.49 crore under Kishore, and ₹13,454.27 crore under the Tarun category.
    • Minority Borrowers: The disbursements amounted to ₹15,759.66 crore under Shishu, ₹20,766.3 crore under Kishore, and ₹8562.27 crore under Tarun.
    • New Entrepreneurs / Accounts:
      • Shishu category: 88,49,101 accounts with a sanctioned amount of ₹29,445.41 crore and disbursed amount of ₹28,839.75 crore.
      • Kishore category: 34,06,239 accounts with ₹62,290.58 crore sanctioned and ₹60,407.02 crore disbursed.
      • Tarun category: 7,57,456 accounts with a sanctioned amount of ₹70,294.35 crore and ₹68,861.13 crore disbursed.
    • Unique Borrowers (from 8th April 2015 to 31st March 2024):
      • ₹44,891.82 crore was sanctioned under Shishu.
      • ₹24,575.57 crore was sanctioned under Kishore.
      • ₹19,120.58 crore was sanctioned under Tarun.

     

    Mudra Card

     

     

    MUDRA Card[5] is an innovative credit product wherein the borrower can avail of credit in a hassle free and flexible manner. It provides a facility of working capital arrangement in the form of an overdraft facility to the borrower. Since MUDRA Card is a RuPay debit card, it can be used for drawing cash from ATM or Business Correspondent or make purchase using Point of Sale (POS) machine. Facility is also there to repay the amount, as and when, surplus cash is available, thereby reducing the interest cost.

     

     

    MUDRA App- “MUDRA MITRA”

     

     MUDRA MITRA is a mobile phone application available in Google Play Store and Apple App    Store, providing information regarding ‘Micro Units Development and RefinanceAgency Ltd. (MUDRA)’ and its various products/ schemes. It will guide a loan seeker to approach a Banker in availing MUDRA loan under PMMY. Users can also access useful loan related material including sample loan application forms in this app.

     

     Steps taken to improve implementation of the Scheme:[6]

    • Handholding support for facilitating submission of loan applications
    • Provision for online applications through PSBloansin59minutes and Udyamimitra portal
    • Intensive publicity campaigns for increased visibility of the scheme amongst the stakeholders
    • Simplification of application forms
    • Nomination of MUDRA Nodal Officers in Public Sector Banks (PSBs)
    • Periodic monitoring of performance of PSBs with regard to PMMY
    • Interest Subvention of 2% on prompt repayment of Shishu loans extended under PMMY for a period of 12 months to all eligible borrowers.
    • Announced by Union Finance Minister on 14.05.2020 under Aatmanirbhar Bharat Package, the scheme has been formulated as a specific response to an unprecedented situation and aims to alleviate financial stress for borrowers at the ‘bottom of the pyramid’ by reducing their cost of credit.

     

    Conclusion

    The Pradhan Mantri MUDRA Yojana (PMMY) has fundamentally reshaped the landscape of entrepreneurship in India, driving significant progress in financial inclusion. By providing critical funding support, the scheme has enabled countless new entrepreneurs to turn their business ideas into reality. Over the years, it has also empowered women and minority communities, creating opportunities for economic upliftment and fostering a more inclusive growth environment. As the loan limit expands to ₹20 lakh, PMMY continues to play a vital role in nurturing small businesses and fueling the nation’s journey toward a more equitable and prosperous future.

    References:

     

    Click here to see in PDF

    Santosh Kumar/ Sarla Meena/ Kamna Lakaria

    (Release ID: 2069170) Visitor Counter : 38

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Maximum Retail Price of three Anti-cancer Drugs (Trastuzumab, Osimertinib and Durvalumab) to come down on account of exemption from Custom duty and Reduction in GST Rates

    Source: Government of India

    Posted On: 29 OCT 2024 2:23PM by PIB Delhi

    In line with the Government’s commitment to ensure the availability of drugs at affordable prices, National Pharmaceutical Pricing Authority (NPPA) has issued an O.M. dated 28.10.2024 directing the concerned manufacturers to reduce the MRP on three anti-cancer drugs, Trastuzumab, Osimertinib and Durvalumab.  This is in pursuance to the announcement made in the Union Budget for the year 2024-25 exempting these three anti-cancer medicines from customs duty. The Department of Revenue, Ministry of Finance issued Notification 30/2024 dated 23.07.2024 reducing the custom duty to nil on these three anticancer drugs.

    Further, the Department of Revenue, Ministry of Finance has issued notification no. 05/2024 dated 08.10.2024 notifying the reduction in GST Rates from 12% to 5% with effect from 10.10.2024 on these three drugs.

    Accordingly, there should be a reduction in MRP of these drugs in the market and benefits of reduced taxes & duties should be passed on to the consumers. Hence, NPPA vide O.M. dated 28.10.2024 has directed all the manufacturers of above-mentioned drugs to reduce their MRP. The manufacturers are required to issue a price list or supplementary price list to the dealers, State Drugs Controllers and the Government indicating changes and to submit information regarding price change to NPPA through Form-II/ Form V.

    *****

    MV/AKS

    (Release ID: 2069153) Visitor Counter : 86

    MIL OSI Asia Pacific News