Category: Asia Pacific

  • MIL-OSI: Gate Ventures, Movement Labs, and Boon Ventures Launch $20M Fund to Accelerate Web3 Innovation

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, Oct. 24, 2024 (GLOBE NEWSWIRE) — Gate Ventures, a global venture capital firm specializing in blockchain; Movement Labs, a leader in Move-based blockchain technology; and Boon Ventures, a prominent investor in emerging tech startups, today announced the establishment of a groundbreaking $20 million fund designed to transform the Web3 space. This strategic alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies.

    The fund will concentrate on four key areas:

    1. Accelerating the adoption of Move-based blockchain solutions
    2. Enhancing security and performance in decentralized networks
    3. Supporting projects that bridge Move and EVM ecosystems
    4. Driving innovation in Web3 infrastructure and applications

    “This $20 million fund marks a significant milestone in our mission to drive forward-thinking solutions in the Web3 ecosystem,” said Kevin Yang, Managing Partner at Gate Ventures. “By collaborating with Movement Labs and other visionary projects, we’re paving the way for the future of decentralized technology.”

    Rushi Manche, Co-Founder of Movement Labs added, “This $20 million fund is a game-changer for the Move ecosystem. It’s a powerful validation of what we’re building at Movement Labs. Move’s capabilities in security and scalability are setting new standards in Web3. This fund will specifically be used to support builders building the future of secure decentralized finance, fully on-chain gaming and consumer, as well as decentralized physical infrastructure efforts.”

    Teerus Boon-Long, CEO of Boon Ventures, said, “This is the beginning of a great journey forward in the Web3 space. It’s not aimed at short-term goals but at building a promising future for a decentralized society.”

    The partnership leverages the unique strengths of each entity:

    • Gate Ventures brings extensive resources, a global network, and deep experience in Web3 investments, enabling strategic partnerships and growth opportunities.
    • Movement Labs offers profound expertise in Move-based blockchain technology, infrastructure, and ecosystem building.
    • Boon Ventures has a successful track record of empowering innovative startups across multiple sectors through funding, mentorship, and strategic guidance.

    To help achieve its goals, the fund will implement several key initiatives:

    • Organize global hackathons to stimulate innovation in Move-based technologies and attract top talent.
    • Establish a mentorship program connecting industry veterans with promising Web3 startups to provide guidance and expertise.
    • Create a research grant program to advance blockchain interoperability solutions, fostering cross-ecosystem collaboration.
    • Host quarterly thought leadership summits to address pressing challenges in the Web3 space and drive collective progress.

    As the fund deploys its $20 million, the partners are committed to fostering innovation and driving the Web3 space forward. They will provide updates on investments, collaborations, and leading-edge technologies that will define the future of Web3, blockchain, and decentralized applications.

    About Gate Ventures
    Gate Ventures is the venture capital arm of Gate.io, one of the world’s largest and most trusted cryptocurrency exchanges, specializing in early-stage investments in blockchain technology and digital assets. Our mission is to drive innovation and foster growth across the global blockchain ecosystem. By collaborating with industry leaders worldwide, we support visionary teams and startups that have the potential to reshape social and financial interactions. As a long-term investor, we are committed to offering comprehensive support to our portfolio companies, from product development and operational scaling to global expansion. Follow Gate Ventures on X for more updates.
    https://gate.io/ventures

    About Movement Labs
    Movement Labs develops the Movement Network, an ecosystem of Modular Move-Based Blockchains. The company is creating the first Move Virtual Machine L2 for Ethereum, along with open-source tools to promote Move adoption across blockchains. Their platform enables developers to launch high-performance Move VM rollups easily, bridging Move and EVM ecosystems. Backed by $38 million in Series A funding, Movement Labs is advancing Move-based technologies and blockchain interoperability in Web3. Follow Movement Labs on X and on Discord for updates. Movement Labs is on a mission to create a global community of Move builders, working together to increase the security, performance, and user experience of building in decentralized networks.

    About Boon Ventures
    Boon Ventures is a single-family office spun out of the Boon-Long family, one of the longest-established families in Thailand, in 2015. Since then, it has served as the alternative investment and advisory arm of the Boon-Long family. Boon Ventures is an independent, fast-moving organization with a strong network and partnerships both in Thailand and globally, driven by a mission to foster innovative change, long-term growth, and sustainable value.

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Name: Teerus Boon-Long Kanyarat Ondeekul
    Email: kanyarat.o@boonventures.com
    Company: Boon Ventures

    Name: Carmen Pearson
    Email: Carmen.Pearson@MovementLabs.xyz
    Company: Movement Labs

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/843b1a84-4e76-4e19-a8b1-6a30ff656efd

    The MIL Network

  • MIL-OSI: MKS Instruments Breaks Ground on Super Center Factory in Malaysia

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., United States and KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that transform the world, the Malaysian Investment Development Authority (MIDA) and InvestPenang today announced that MKS celebrated the groundbreaking ceremony of its super center factory in Penang, Malaysia to support the growing needs of semiconductor equipment for wafer fabrication in the region and globally. The state-of-the-art facility will be located on a 17-acre plot, spanning approximately 500,000 square feet. and will employ approximately 1,000 people. The new factory will be built in multiple phases, with the first phase scheduled for completion in the first half of 2026.

    ADUN Bukit Tambun and Director of InvestPenang, YB Goh Choon Aik stated, “Penang, renowned as the Silicon Valley of the East, has cemented its position as a preferred global destination for electronics and electrical investments in Southeast Asia. With a legacy of five decades of industrialisation and a reputation for innovation and technological excellence, the state offers a thriving industrial ecosystem that naturally attracts investors. MKS Instruments’ expansion into Penang is a testament to the state’s appeal as a preferred investment destination, supported by its robust ecosystem.”

    YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), welcomed MKS Instruments to Malaysia, stating, “This groundbreaking super center factory is a resounding affirmation of our government’s commitment to expediting investors’ projects with the able assistance of agencies like MIDA. More importantly, this aligns with our New Industrial Master Plan 2030, which aims to enhance our economic complexity, fostering symbiotic relationships between global companies and local SMEs, and creating high-skilled, high-paying jobs in cutting-edge sectors like engineering and technical fields, for the benefit of Malaysians. I’m confident that these initiatives will catapult our semiconductor sector to the pinnacle of the global value chain, a true ‘tour de force’ in the world of industry.”

    Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid stated “This momentous occasion presents a golden opportunity for our machinery and equipment (M&E) companies to showcase their prowess in producing high-value products and integrated services that meet the exacting standards of multinational corporations (MNCs). MIDA remains steadfast in its commitment to supporting and facilitating investments that enhance operational capabilities, ultimately catalysing the meteoric rise of Malaysia’s manufacturing sector, a true ‘industrial powerhouse’ in the making.”

    “Penang offers an attractive and rapidly growing semiconductor ecosystem, and building a significant presence here is part of our strategic and long-term capital planning,” said Dr. John T.C. Lee, President and Chief Executive Officer of MKS. “Adding Penang to our global footprint puts us closer to our customers, suppliers and a robust technology infrastructure, including a deep and talented labor pool, as we continue to spur innovation and enhance our capabilities as a leader across a broad array of semiconductor manufacturing applications.”

    MIDA reports that for the first half of 2024 (1H2024), the Machinery and Equipment (M&E) sector saw promising growth, with a total of 64 projects approved, amounting to investments valued at RM2.8 billion. These projects are anticipated to create significant opportunities, generating over 3,500 new jobs and contributing to the sector’s continued development and expansion in Malaysia.

    About MIDA

    MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

    About InvestPenang

    InvestPenang is the Penang State Government’s principal agency for the promotion of investments. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my.

    About MKS Instruments

    MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

    For more information, please contact:

    MIDA InvestPenang MKS Instruments
    Ms. Zakiah Sajidan
    Director, Machinery and Metal
    Technology Division
    Email: zakiah@mida.gov.my
    Tel.: +603 22676769
    Ms. Elaine Cheah
    Communications & Business
    Intelligence
    Email: elaine@investpenang.gov.my
    Tel.: +604 6468833
    Mr. Bill Casey
    Senior Director, Marketing
    Communications 
    Email: press@mksinst.com
    Tel.: +1 630 995 6384 

    Ms. Kerry Kelly
    Partner, Kekst CNC
    Email: kerry.kelly@kekstcnc.com

         

    Safe Harbor for Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, regarding MKS’ construction of a factory in Malaysia and the projected timeline. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

    The MIL Network

  • MIL-OSI Economics: Secretary-General of ASEAN participates in the 11th AMCA Plus Three Meeting

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN Dr. Kao Kim Hourn today participated in the 11th AMCA Plus Three Meeting held in Melaka, Malaysia. The meeting discussed ways to further enhance cooperation in culture and the arts through the ASEAN Plus Three Cooperation Work Plan in Culture and the Arts (2022-2025).

    The post Secretary-General of ASEAN participates in the 11th AMCA Plus Three Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Announces New Medications Tracking Feature for Samsung Health in India

    Source: Samsung

     
    India’s largest consumer electronics brand, Samsung announced that it has added the Medications tracking feature1 to the Samsung Health app2 to help users manage their health more comprehensively.
     
    The feature will not only allow users to keep track of their prescribed or over-the-counter medication regime but will also offer important medical information and tips. The feature can help in tracking medication adherence consistency for those, who are on a medication journey for hypertension, diabetes, PCOS, PCOD and other chronic diseases that require timely doses.
     
    “Samsung is a brand that puts its customers first and continuously works on products and services to improve their daily lives. We aim to build a holistic health platform for people to understand and manage their health better by connecting devices and services. With the addition of Medications feature for India in the Samsung Health app, we believe users will be able to manage their medications more conveniently, improve adherence, and ultimately maintain better health,” said Kyungyun Roo, Managing Director, Samsung Research Institute, Noida.
     
    The Medications feature, the result of a collaborative effort between R&D, Design and Consumer Experience teams at Samsung, has been designed keeping in mind the needs of Indian consumers. Upon entering the name of a select medication into the Samsung Health app, the Medications feature will provide users with detailed information including general descriptions, as well as its possible side effects.
     
    In addition, the new feature will provide information on adverse reactions from drug-to-drug interactions and other relevant safety guidance. Users can set up alerts to remind them both when to take their medications and when to refill them seamlessly through the Samsung Health App.
     
    These alerts can be fine-tuned to the need of the individual user, so the medications can be prioritized depending on their importance to the user, with Samsung Health sending reminders ranging from “gentle” to “strong”. Galaxy Watch users will also receive reminders right on their wrist so they can stay on top of their medication schedules, even when away from their phones.
     
    The Samsung Health app already provides a range of advanced health offerings spanning sleep management3, mindfulness programmes and irregular heart rhythm notification4 capabilities. The introduction of the Medication tracking feature in India will further reinforce Samsung’s commitment to create holistic wellness experiences for its users, enabling them to lead healthier, more fulfilling lives.
     
    The Medications tracking feature will be available on the Samsung Health app in India via the app updates.
     
     
     
    1Samsung Health Medications feature is intended to help users manage their medication list and schedule. Information provided is evidence-based content licensed from Tata 1mg.
    2Requires smartphone with Android 10.0 or later and Samsung Health app version 6.28 or later. Availability for the features may vary by device.
    3Sleep features are intended for general wellness and fitness purposes only. The measurements are for your personal reference only. Please consult a medical professional for advice.
    4The IHRN feature is only available in select markets. Available on Wear OS devices version 4.0 or later. It is not intended to provide a notification on every episode of irregular rhythm suggestive of AFib and the absence of a notification is not intended to indicate no disease process is present. It is not intended for users with other known arrhythmias. The features are supported via the Samsung Health Monitor app. Availability may vary by market or device. Due to market restrictions in obtaining approval/registration as a Software as a Medical Device (SaMD), it only works on watches and smartphones purchased in the markets where service is currently available (however, service may be restricted when users travel to non-service markets). This app can only be used for measuring in ages 22 and over.
     

    MIL OSI Economics

  • MIL-OSI United Kingdom: World Polio Day: MHRA trains worldwide laboratories in early detection of polio using breakthrough advanced technology

    Source: United Kingdom – Executive Government & Departments

    Medicines and Healthcare products Regulatory Agency (MHRA) is highlighting our work training multiple World Health Organisation (WHO) polio laboratories around the world.

    Today, World Polio Day, 24 October 2024, the Medicines and Healthcare products Regulatory Agency (MHRA) is highlighting our work training multiple World Health Organisation (WHO) polio laboratories around the world using an advanced molecular direct detection method that can halve detection times – supporting the global effort to eradicate polio and helping save lives.

    In collaboration with Imperial College London, the University of Edinburgh, Biosurv International and funded by the Bill and Melinda Gates Foundation, we have trained 25 countries in just over one year on the use of a technique called Direct Detection by Nanopore Sequencing (DDNS). This method can speed up the detection of polio outbreaks, saving public health authorities crucial time and money. This includes training laboratories in Pakistan, one of the last two countries where polio remains endemic, with the number of cases increasing this year.

    It is vitally important to detect polio early, as the infection moves rapidly within a population. By the time the first signs of polio appear in a country, many hundreds of people are typically already infected and can unknowingly pass on the virus to others who may not be fully vaccinated and protected. The virus – most commonly transmitted through contact with infected faeces via contaminated food and water – multiplies in the intestine, from where it can invade the nervous system and cause paralysis.

    Training worldwide in-country laboratories in rapid detection – using the DDNS method –enables samples to be tested in the country where the outbreak originated, rather than being sent to specialist laboratories abroad. This means the costs and delays of transport and testing can be reduced from an average of 42 days to an average of 19 days – a time saving that saves lives.

    A study published in Nature Microbiology last year, showed that our research, jointly conducted with partners, using the DDNS method to detect polio outbreaks can halve the detection time. This research indicated that DDNS tests done locally, in the Democratic Republic of Congo, over a six-month period were an average of 23 days faster than the standard method, with over 99% accuracy.

    Training laboratories in the DDNS method takes one to two weeks and is carried out by scientists from the MHRA, as well as colleagues from Imperial College London. It involves a combination of theoretical and practical sessions covering all aspects of the DDNS method from sample processing, nucleic acid extraction, PCR amplification, sequencing, analysis and interpretation of results.

    The training also encompasses methodological troubleshooting and utility of the detailed quality assurance programme associated with the method. The University of Edinburgh provides the bioinformatics expertise and have created purpose-designed analytical software to process the sequencing data produced by the method. Biosurv International support supply chains and participate in training and quality control review of data. 

    Javier Martin, Principal Scientist in Virology at the MHRA said:

    This worldwide training in the DDNS method for rapid detection of polio is a key strand in the global fight to eradicate polio, alongside vaccination programmes.

    Carrying out this work with our partners, which is the result of years of research, plays an essential part in managing outbreaks that threaten the global eradication effort and will help make polio a disease of the past.

    We are already initiating collaboration with laboratories in Africa training them to monitor different virus threats, such as Hepatitis E. The potential use of this faster detection technique has almost limitless possibilities for the protection of global health.

    Dr Alex Shaw, Research Fellow in the School of Public Health at Imperial College London talked about the potential that this DDNS method has for use with other diseases:

    The WHO has identified delays in detection as one of the major challenges facing their Polio eradication strategy 2022–2026. Training 25 countries in the past year to detect polio faster allows us to identify where outbreaks are and which polio strain is present much more quickly, allowing us to act at the earliest opportunity.

    This advanced sequencing technology is not only being used to strengthen poliovirus surveillance but is also easily adapted for the detection of other organisms. The worldwide training programme will, therefore, provide a foundation of skills and experience that can be redirected to the genomic surveillance of other pathogens, as needed.

    The most recent laboratory training programme was conducted in Angola and Tanzania and included scientists from Angola, Mozambique, Tanzania, Eritrea, Malawi and Rwanda. We conducted training at the MHRA South Mimms site for European laboratories in June 2024 (Germany, France, Finland, Netherlands, Italy and Ukraine).

    Scientists at the MHRA and their partners will continue to support the testing and validation of DDNS as a polio detection technique and to train WHO laboratories around the world in how to use it. We will travel to Thailand in mid-November 2024 to train scientists from Thailand, India and Indonesia. Additional training activities and implementation visits are planned for 2025 onwards.

    Notes to editors 

    1. The ‘Sensitive poliovirus detection using nested PCR and nanopore sequencing: a prospective validation study’ was published in August 2023 in Nature Microbiology. The research was jointly conducted by researchers at the Institut National de Recherche Biomédicale in Kinshasa who implemented DDNS in the Democratic Republic of the Congo (DRC) for the detection of polio outbreaks in collaboration with the MHRA, Imperial College London, the University of Edinburgh and various laboratories of the World Health Organization (WHO) Global Polio Laboratory Network (GPLN), with support from the Bill and Melinda Gates Foundation.
    2. The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe.  All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks. 
    3. The MHRA is an executive agency of the Department of Health and Social Care. 

    For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.

    Updates to this page

    Published 24 October 2024

    MIL OSI United Kingdom

  • MIL-OSI China: China, Brunei pledge to enhance strategic cooperative partnership

    Source: China State Council Information Office

    Chinese Vice President Han Zheng Wednesday concluded a three-day visit to Brunei, with China and Brunei pledging to strengthen their strategic cooperative partnership so as to elevate bilateral relations to a new high.

    Chinese Vice President Han Zheng meets with Brunei’s Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah in Bandar Seri Begawan, Brunei, Oct. 22, 2024. [Photo/Xinhua]

    During the visit, Han held separate talks with Brunei Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah and Crown Prince Haji Al-Muhtadee Billah.

    Under the strategic guidance of the leaders of the two countries, China-Brunei relations have maintained a good momentum of development, Han said, adding that China is willing to work with Brunei to implement the important consensus reached by the two heads of state, strengthen strategic communication, deepen practical cooperation, and raise their bilateral relations to a new level.

    Han said China appreciates Brunei’s consistent adherence to the One-China principle and stands ready to maintain close high-level exchanges with Brunei and to support each other on issues involving their core interests and major concerns.

    Both sides should carry out cooperation on high-quality Belt and Road construction and upgrade their cooperation in trade, investment, energy and agriculture, Han noted.

    China attaches great importance to East Asia cooperation, supports ASEAN (the Association of Southeast Asian Nations) centrality, and is willing to promote a closer China-ASEAN community with a shared future, which will contribute to regional peace, stability, and development, said the Chinese vice president.

    Han pointed out that China is also willing to work with ASEAN countries, including Brunei, to actively advance maritime cooperation and the negotiation of the Code of Conduct in the South China Sea, with an aim to build the South China Sea into a sea of peace, friendship and cooperation.

    For his part, the Brunei Sultan reiterated that his country has always adhered to the One-China principle and is willing to continuously strengthen the strategic partnership between the two countries.

    He looks forward to deepening cooperation with China in economy and trade, energy, food, culture, education and sports, so as to advance the diversification of Brunei’s economy.

    Brunei places great importance on ASEAN-China cooperation and hopes to make joint efforts to address climate change, said the Sultan, adding that Brunei is willing to work with China and other ASEAN countries to strive to make the South China Sea a sea of peace, friendship, and cooperation for the benefit of regional peace and stability.

    Chinese Vice President Han Zheng meets with Brunei’s Crown Prince Haji Al-Muhtadee Billah in Bandar Seri Begawan, Brunei, Oct. 22, 2024. [Photo/Xinhua]

    During his visit to Brunei, Han also held talks with Brunei Crown Prince Haji Al-Muhtadee Billah.

    China and Brunei, though separated by the sea, have enjoyed a long history of friendship, Han said. “Over more than 30 years since the establishment of diplomatic relations, China and Brunei have set a good example of countries, whether big or small, treating each other as equals, living alongside each other harmoniously, and seeking mutual benefit and win-win results.”

    This year marks the 40th anniversary of Brunei’s independence, Han said, noting that the Chinese side has always supported Brunei in following a development path that suits its national conditions.

    China is willing to work with Brunei to explore more points of converging interests and cooperation for growth, advance their respective modernization processes, and bring more benefits to the people of both countries, Han added.

    For his part, the Brunei Crown Prince expressed his confidence in China’s development prospects, hailing China’s great achievements in its reform and open-up.

    He said Brunei is willing to strengthen exchanges and cooperation with China and to help promote further development of bilateral relations.

    MIL OSI China News

  • MIL-OSI China: Xi urges China, India to facilitate each other’s pursuit of development aspirations

    Source: China State Council Information Office

    Chinese President Xi Jinping meets with Indian Prime Minister Narendra Modi on the sidelines of the 16th BRICS Summit in Kazan, Russia, Oct. 23, 2024. [Photo/Xinhua]

    Chinese President Xi Jinping on Wednesday urged China and India to strengthen communication and cooperation, enhance strategic mutual trust, and facilitate each other’s pursuit of development aspirations.

    Xi made the remarks when meeting with Indian Prime Minister Narendra Modi on the sidelines of the 16th BRICS Summit.

    Xi pointed out that as time-honored civilizations, large developing countries and important members of the Global South, China and India both stand at a crucial phase of their respective modernization endeavors.

    It is in the fundamental interest of the two countries and two peoples to keep to the trend of history and the right direction of bilateral relations, he said, urging the two sides to shoulder their international responsibility, set an example in boosting the strength and unity of developing countries, and contribute to promoting a multipolar world and greater democracy in international relations.

    Xi stressed that China-India relations are essentially a question of how the two large developing countries and neighbors, each with a 1.4-billion-strong population, treat each other.

    Development is now the biggest shared goal of China and India, he said, noting that the two sides should continue to uphold their important understandings, including that China and India are each other’s development opportunity rather than threat, and cooperation partner rather than competitor.

    He also urged the two countries to maintain a sound strategic perception of each other, and work together to find the right and bright path for big, neighboring countries to live in harmony and develop side by side.

    Chinese President Xi Jinping meets with Indian Prime Minister Narendra Modi on the sidelines of the 16th BRICS Summit in Kazan, Russia, Oct. 23, 2024. [Photo/Xinhua]

    Modi, for his part, noted that maintaining the steady growth of India-China relations is critical to the two countries and peoples. It not only concerns the well-being and future of 2.8 billion people, but also carries great significance for peace and stability of the region and even the world at large, he added.

    Against a complex international landscape, cooperation between India and China, two ancient civilizations and engines of economic growth, can help drive economic recovery and promote multipolarity in the world, Modi said.

    He said that India is willing to strengthen strategic communication, enhance strategic mutual trust, and expand mutually beneficial cooperation with China.

    India will give every support for China’s Shanghai Cooperation Organization presidency and strengthen communication and cooperation with China in BRICS and other multilateral frameworks, he added.

    The two leaders commended the important progress the two sides had recently made through intensive communication on resolving the relevant issues in the border areas. Modi made suggestions on improving and developing the relationship, which Xi agreed to in principle.

    The two sides agreed to make good use of the Special Representatives mechanism on the China-India boundary question, ensure peace and tranquility in the border areas, and find a fair and reasonable settlement.

    The two sides agreed on holding talks between their foreign ministers and officials at various levels to bring the relationship back to sound and steady development at an early date.

    The two sides agreed to strengthen communication and cooperation in multilateral fora to safeguard the common interests of developing countries.

    The two sides were of the view that this meeting is constructive and carries great significance. They agreed to view and handle China-India relations from a strategic height and long-term perspective, prevent specific disagreements from affecting the overall relationship, and contribute to maintaining regional and global peace and prosperity and to advancing multipolarity in the world.

    MIL OSI China News

  • MIL-OSI China: BRICS leaders adopt joint declaration

    Source: China State Council Information Office 3

    Leaders of BRICS countries pose for a group photo during the 16th BRICS Summit in Kazan, Russia, Oct. 23, 2024. The summit was hosted by Russian President Vladimir Putin, and attended by Chinese President Xi Jinping, Brazilian President Luiz Inacio Lula da Silva (via video conference), Egyptian President Abdel-Fattah al-Sisi, Ethiopian Prime Minister Abiy Ahmed, Indian Prime Minister Narendra Modi, Iranian President Masoud Pezeshkian, South African President Cyril Ramaphosa and President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan. [Photo/Xinhua]

    BRICS leaders have issued a joint declaration covering a wide range of issues from the reform of the United Nations (UN) to ongoing global conflicts, following the association’s summit that took place on Wednesday in Kazan.

    The declaration included 134 provisions in total, one of which addressed the reform of the UN.

    “We reaffirm our support for a comprehensive reform of the UN, including its Security Council, with a view to making it more democratic, representative, effective and efficient,” the document read. This involves expanding the representation of developing countries to better respond to global challenges.

    In addition, leaders reiterated their absolute condemnation of terrorism in all its forms and called for the prompt adoption of the Comprehensive Convention on International Terrorism within the UN.

    Alongside essential reforms, BRICS members called for the UN to play an important role in the global governance of artificial intelligence.

    The declaration also focused on global conflicts including those in the Middle East and Ukraine.

    “We remain concerned about at the rise of violence and continuing armed conflicts in different parts of the world,” the declaration read. BRICS leaders reaffirmed their commitment to resolving dispute peacefully through diplomacy.

    Leaders expressed deep concern about the ongoing tensions in the Gaza Strip and called for an immediate ceasefire and a cessation of all hostilities.

    The leaders noted the importance of the establishment of a sovereign and independent State of Palestine within the internationally recognized borders of June 1967, and expressed support for Palestine’s full membership in the UN.

    Member states also recalled national positions on the Ukrainian crisis, and “noted with appreciation relevant proposals” aimed at a peaceful settlement of the conflict through diplomacy.

    The BRICS leaders further expressed grave concern over the harmful impact of illegal unilateral sanctions on the global economy, noting that they negatively affect economic growth, energy, food security, and exacerbate poverty.

    BRICS members stressed the need to prevent an arms race in space and called for the creation of a document ensuring space security.

    The provisions included various economic initiatives designed to strengthen the role of developing countries in the global economy and promote equitable conditions for all.

    BRICS members called for the reform of the Bretton Woods institutions to increase the contribution of the developing countries to the global economy.

    They welcomed the establishment of a new BRICS investment platform, which will use the existing institutional infrastructure of the New Development Bank to boost investment flows into BRICS countries and countries of the Global South.

    They called for the reform of the current international financial architecture so it can “meet the global financial challenges” and become more inclusive and just.

    Member countries also supported Russia’s proposal on the creation of a BRICS grain exchange, adding that the trading platform could later be expanded to include other agricultural sectors.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Land enforcement to be enhanced

    Source: Hong Kong Information Services

    The Planning Department and the Lands Department today said that they accept the recommendations set out by the Ombudsman’s Office in an investigative report into their enforcement of regulations against unauthorised land developments.

    The two departments will follow up on the recommendations to strengthen enforcement and enhance relevant procedures.

    They said they were also pleased to note that the Ombudsman’s Office considered that they have tackled unauthorised development cases according to their purview and statutory powers.

    The Planning Department said it will continue to curb unauthorised developments under the Town Planning Ordinance to meet public expectations regarding protection of the rural environment.

    With the introduction of a “Regulated Area” designation following amendments to the Ordinance, the extent of land subject to enforcement by the Planning Department will likely expand, it added, stressing that it plans to streamline its enforcement procedures to better handle the increased workload.

    Meanwhile, the Lands Department said it will step up enforcement against unlawful occupation of government land and breaches of leases on private land, and prioritise the handling of cases on the basis of risk.

    It will also review existing guidelines and enhance staff training to facilitate timely follow-up on cases of non-compliance and lease breaches.

    The two departments will also strengthen collaboration, which will include conducting joint enforcement operations against large-scale unauthorised developments through a pilot scheme, and establishing a high-level communication platform to reinforce their co-operation in enforcement work.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government received 30 expression of interest submissions for Smart and Green Mass Transit System in Kai Tak project

    Source: Hong Kong Government special administrative region

         The Transport and Logistics Bureau, jointly with the Civil Engineering and Development Department (CEDD), invited relevant system suppliers and operators to submit expression of interest (EOI) for the smart and green mass transit system (SGMTS) project in Kai Tak on August 29. The invitation of the EOI was closed today (October 24) at noon and a total of 30 submissions from local, Mainland and overseas companies have been received.
     
         A spokesperson for the CEDD said, “We will immediately commence analysing the information from the EOI. Such information will serve as a reference for ascertaining the technical details, delivery mode and financial arrangements of the project. We target to invite tenders for the project next year with an aim to award the works contract in 2026.”
     
         “As announced by the Chief Executive in his Policy Address this year, the Government will continue to take forward the SGMTS in Kai Tak project in full swing and, through innovative implementation modes and construction methods, compress the implementation programme. Our target is to complete the project three years ahead of the original target commissioning date,” the spokesperson added.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Last design and construction contract awarded for Light Public Housing

    Source: Hong Kong Government special administrative region

         The Housing Bureau (HB) and the Architectural Services Department (ArchSD) announced today (October 24) that the last design and construction contract for Light Public Housing (LPH), i.e. Public Works Contract no. SS N516, has been awarded to Yau Lee Construction Company Limited upon assessment. The contract comprises six projects including Hang Kwong Street, Ma On Shan, and the conversion of five vacant or to-be-vacant school premises, providing a total of around 1 500 units. The construction works are expected to commence in phases by November 2024 at the earliest.

         The construction works of LPH have been proceeding at full speed, with a total of about 28 500 units in seven projects (i.e. Yau Pok Road, Yuen Long; Tuen Mun Area 3A; Choi Hing Road, Ngau Tau Kok; Olympic Avenue, Kai Tak; Lok On Pai, Siu Lam; Tuen Mun Area 54; and Sheung On Street/Sheung Ping Street, Chai Wan) already commenced since December 2023. Among them, the first LPH project at Yau Pok Road, Yuen Long, will be completed for intake in the first quarter of next year.

         A spokesman for the HB said that the award of the last design and construction contract today marks the new stage towards the progressive completion and intake of LPH, which could truly improve the living conditions and quality of life of the people living in inadequate housing. The HB and the ArchSD will continue to press ahead with relevant works at full speed to achieve the Government’s target of providing about 30 000 LPH units by 2027-28.   

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Appointments to Process Review Panel for Securities and Futures Commission

    Source: Hong Kong Government special administrative region

         The Government announced today (October 24) that the Financial Secretary, under the authority delegated by the Chief Executive, has appointed the new Chairman and eight new members, and reappointed four incumbent members to the Process Review Panel (PRP) for the Securities and Futures Commission (SFC) for a term of two years from November 1, 2024.
     
         The new Chairman of the PRP is Ms Miranda Kwok Pui-fong. The eight new members are Dr Chordio Chan Siu-ping, Ms Lorna Chen Xin, Mr Kenneth Chen Yung-ngai, Dr Bankee Kwan Pak-hoo, Mr David Lau Pak-wai, Ms Jasmine Lee Shun-yi, Ms Lian Shaodong and Ms Karen So Kwok-yan. Professor Chan Ka-lok, Ms Kerry Ching Kim-wai, Mr Charles Lin Xiaodong and Dr Levin Wang Lei have been reappointed.
     
         A spokesman for the Financial Services and the Treasury Bureau said, “We are grateful to the PRP for the time and efforts devoted to conducting reviews. The valuable advice and suggestions provided to the SFC have helped enhance its internal procedures and operational guidelines. We are confident that, under the leadership of Ms Miranda Kwok as the new Chairman, the PRP will continue to play a vital role in assisting the SFC to exercise its regulatory power in a fair and efficient manner.
     
         “We extend our heartfelt gratitude to the outgoing Chairman, Mr Lawrence Lee Kam-hung, for his exemplary leadership over the past six years. We would also like to thank Mr Jeffrey Chan Lap-tak, Ms Dilys Chau Suet-fung, Ms Ivy Chua Suk-lin, Mr Vincent Chui Yik-chiu, Ms Margaret Kwan Wing-han, Mr Henry Lai Hin-wing and Mr Brian David Li Man-bun, who will be completing their tenure, for their dedication and contribution.”
     
         The PRP is an independent non-statutory panel established in November 2000 to review the operational procedures of the SFC and determine whether the SFC has followed its procedures in carrying out its work. This helps ensure that the SFC exercises its regulatory power in a fair and consistent manner.
     
         The membership of the PRP with effect from November 1, 2024, is as follows:

    Chairman
    ———–
    Ms Miranda Kwok Pui-fong
     
    Members
    ———-
    Professor Chan Ka-lok
    Dr Chordio Chan Siu-ping
    Ms Lorna Chen Xin
    Mr Kenneth Chen Yung-ngai
    Ms Kerry Ching Kim-wai
    Dr Bankee Kwan Pak-hoo
    Mr David Lau Pak-wai
    Ms Jasmine Lee Shun-yi
    Ms Lian Shaodong
    Mr Charles Lin Xiaodong
    Ms Karen So Kwok-yan
    Dr Levin Wang Lei
     
    Ex-officio Members
    ———————
    The Chairman of the SFC
    The Secretary for Justice or his representative

    MIL OSI Asia Pacific News

  • MIL-OSI Security: Tahlequah Resident Pleads Guilty To Arson In Indian Country

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Wesley Wayne Sutton, age 59, of Tahlequah, Oklahoma, entered a guilty plea to Arson in Indian Country.

    The Indictment alleged that, on June 1, 2024, Sutton maliciously set fire to a dwelling.  The crime occurred in Cherokee County, within the boundaries of the Cherokee Nation Reservation, in the Eastern District of Oklahoma.

    The charge arose from an investigation by the Tahlequah Fire Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

    The Honorable Gerald L. Jackson, U.S. Magistrate Judge in the United States District Court for the Eastern District of Oklahoma, accepted the plea and ordered the completion of a presentence investigation report.  Sutton will remain in the custody of the United States Marshal Service pending sentencing.

    Assistant United States Attorney Kevin Gross represented the United States.

    MIL Security OSI

  • MIL-OSI Economics: Phil Mnisi: Banking Supervision Application Version 5.0 Launch

    Source: Bank for International Settlements

    • Programme Director 
    • Honourable Guests
    • Representatives from the Bank Supervision Office in Mozambique
    • Distinguished Members of the Banking Industry
    • Regulatory Authorities present here
    • Mobile Money Operators
    • Ladies and Gentlemen
    • Good Evening!

    Introduction

    It is both a privilege and an honour to stand before you today, as we gather for the official launch of a significant advancement in our financial regulatory landscape. The launch of the Banking Supervision Application (BSA) Version 5.0 today marks a milestone in our collective efforts to enhance the regulatory framework of our financial sector, strengthening the very foundation of data integrity, financial stability, and consumer protection.

    Our journey with the Banking Supervision Application began in 1997, in partnership with various Central Banks across Africa. Since the launch of Version 1 in 2003, the BSA has continuously evolved, with significant improvements culminating in the release of Version 4.0 in 2018. Today, we are proud to unveil Version 5.0, a remarkable milestone for a system that now serves 21-member Central Banksacross Africa, Asia, and America, each actively contributing to the system’s continued growth and enhancement.

    This upgraded version is not only more advanced than previousversions but also more agile, designed to meet the emerging complexities of modern banking. It reflects the dynamic nature of the financial landscape and our proactive approach to addressing and supporting innovation as well as the challenges faced by financial institutions.

    Why This Upgrade Matters

    As we all know, the banking sector is the backbone of our economy, and its soundness directly impacts our nation’s prosperity. As the world evolves, so too must our regulatory tools. We are living in an erawhere technology is reshaping the way banking services are delivered, and the need for data-driven supervisory oversighthas never been more critical. Thus, it is imperative that our regulatory tools remain robust, efficient, and adaptable to the continuously shifting financial landscape.

    Version 5.0 is a testament to our dedication to technological innovationand regulatory excellence, in line with our vision “to be a centre of excellence and central bank of reference”. This Financial Regulatory Technology is equipped with several key features that enhance our supervisory capabilities, which include:

    a. Responsive Design: The new version is compatible with various devices, allowing seamless access whether on a computer, tablet, or smartphone. Thisflexibility is essential for regulators and financial institutions operating in today’s fast-paced environment.

    b. Postback Effects Elimination: The system has been designed to avoid postback effects when selecting elements within a screen, ensuring a smoother and more efficient user experience.

    c. Customizable Dashboards: Users can now define their own dashboard layouts, allowing them to access the most relevant information at a glance. This feature enhances user experience and efficiency by tailoring theinterface to individual needs.

    d. Enhanced User and Role Management: The new version allows for more granular management of users and roles, ensuring that the right people have access to the right information, enhancing security and operational efficiency.

    e. Automated Programming Interface (API): The BSA now integrates with other financial applications, enabling near real-time data access, streamlining compliance, and automating reporting processes.

    f. Consumer Protection Module (CPS): One of the standoutfeatures of Version 5.0 is the introduction of a Consumer Protection System that includes tools for managing complaints, monitoring compliance, analysing consumer data, and providing virtual assistance for frequently asked questions. This will significantly bolster our efforts to safeguard the interests of consumers, ensuring fair treatment across the financial sector.

    Benefits to the Financial Sector

    This upgrade will benefit not only the Central Bank but also the broader financial sector, which plays a critical role in our financial ecosystem. By providing more streamlined compliance processes and faster data retrieval, the system will empower the financial institutions to make data-driven decisions, improving both the accuracy and efficiency of regulatory reporting.

    Gratitude and Acknowledgments

    This achievement would not have been possible without the dedication and hard work of many individuals. I will request that we give them a round of applause.

    I would also like to extend my deepestgratitude to the CBE Team comprising of Financial Regulation and IT departmentsfor having worked tirelessly to ensure a seamless deployment process. My sincere gratitude to the entire project management team for your exceptional efforts in ensuring the successful delivery of this project.

    In addition, I would like to acknowledge the cooperation and support of our external stakeholders, particularly the Bank Supervision Office in Mozambique and the member countries currently using BSA. Their feedback and collaboration have been instrumental in the successful rollout of Version 5.0.

    Looking Ahead

    The financial sector is dynamic, and while BSA Version 5.0 equips us with the tools to address current challenges, it is crucial that we continue to innovate and adapt our approaches, remaining vigilant and responsive to emerging trends. Our goal remains clear, to promote the safety and soundness of the financial sector while ensuring its stability, an environment where financial institutions can remain competitive and thrive.

    In closing, let me reaffirm our commitment to excellence in regulation and supervision. The launch of Version 5.0 is a significant milestone in this journey. I am confident that this system will enhance our capabilities and guarantee that we continue to uphold the highest standards of financial oversight.

    As we move forward, let us continue to work together to build a resilient and dynamic financial system that supports the economic growth and development of our beloved Kingdom of Eswatini.

    To celebrate our achievement, I am excited to present avideo that summarizes the significant milestones we have accomplishedin the development and deployment of BSA Version 5.0. It reflects the hard work, collaborative efforts and innovation that have fueled this project’s success.

    With those words, I thank you all Ladies and Gentlemen!

    MIL OSI Economics

  • MIL-Evening Report: NZ’s Labour calls on other cities to follow Israel boycott lead

    Asia Pacific Report

    New Zealand’s opposition Labour Party has backed Christchurch City Council and called for other cities to block business with firms involved in Israel’s illegal settlements in the Occupied Palestine Territories.

    “It is great that Christchurch is the first council in New Zealand to take up this cause. We hope others will follow this example,” Labour’s associate foreign affairs spokesperson Phil Twyford said.

    “Christchurch City’s decision is in line with the recent International Court of Justice ruling on the illegal settlements, which said the international community should not ‘aid or assist’ the settlements.”

    Christchurch is New Zealand’s third-largest city with a population of 408,000. The council vote yesterday was 10 for sanctions, two against and three abstentions.

    Labour has called on the government to direct the Super Fund and the Accident Compensation Corporation (ACC) to divest from any companies on the United Nations list of companies complicit in building or maintaining the illegal settlements, and use its procurement rules to ban any future dealings with those firms.

    “New Zealanders want to see an end to Israel’s slaughter in Gaza, and a political solution that allows the establishment of a Palestinian state,” Twyford said.

    “Unfortunately, since the Oslo Accords in 1993, Israel has deliberately set out to colonise the Occupied West Bank with settlements housing more than 700,000 Israelis, designed to scuttle any hope of a two-state solution.

    “It is time for the international community to take action against this breach of international law.”

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: FACT SHEET: Biden-⁠ Harris Administration Strengthens Standards to Protect Millions from Exposure to Lead Paint Dust, Announces New Actions to Address Toxic Lead  Exposure

    US Senate News:

    Source: The White House
    Today’s announcement is expected to reduce the lead exposure of up to 1.2 million people every year and represents one of over 100 actions taken by the Administration in 2024 to reduce lead poisoning
    President Biden and Vice President Harris have been clear that all Americans deserve to live free from fear of toxic lead exposure. Since Day One, the Biden-Harris Administration has marshalled a whole of government effort to reduce all sources of lead exposure, issuing a comprehensive Lead Pipe and Paint Action Plan that guides federal action to achieve a lead-free future.
    Today, as we continue to mark National Lead Poisoning Prevention Week, the Biden-Harris Administration is taking action to further reduce lead exposure by issuing a final Environmental Protection Agency (EPA) rule to strengthen requirements for the removal of lead paint dust in pre-1978 housing and child care facilities.
    Lead is a neurotoxin that can irreversibly harm brain development in children, lower IQ, cause behavioral problems, and lead to life-long health effects. There is no safe level of lead exposure. Yet, due to decades of inequitable infrastructure development and underinvestment, lead poisoning disproportionately affects low-income communities and communities of color.
    Today’s final rule sets new standards for lead abatement activities that will better protect children and communities from the harmful effects of exposure to dust generated from lead paint. The rule will help protect people in communities across the country from these harms, and is expected to reduce the lead exposures of up to nearly 1.2 million people every year, providing public health and economic benefits up to 30 times greater than the costs. Although the United States banned lead-based paint in residences in 1978, an estimated 31 million houses built before 1978 still contain lead-based paint, and 3.8 million are home to one or more child under the age of six, putting them at risk of lead exposure.
    Since the announcement of the Biden-Harris Lead Pipe and Paint Action Plan, the Administration has taken hundreds of actions across more than 10 agencies to reduce the risk of lead poisoning in drinking water, paint, soil, food and household products, the workplace, and to combat lead exposure internationally – including more than 100 actions in the past year alone. Some of the actions since the latest Action Plan progress update in November 2023 include:
    Reducing Exposure to Lead from Paint and Dust in the Home – Lead in household dust originates from indoor sources such as deteriorated, lead-based paint on surfaces. In the last year, the Administration has worked diligently to identify, help tackle, and eliminate these exposures in several ways:
    Earlier this month, the Department of Housing and Urban Development (HUD) announced more than $420 million in awards to remove lead hazards from homes, including HUD-assisted homes, ensuring the safety of children, residents, and families. This includes $2 million to remove other housing-related hazards from homes in conjunction with weatherization efforts, and nearly $10 million to facilitate research on better identifying and controlling lead and other housing-related hazards. These awards are part of President Biden’s Justice40 Initiative, which seeks to ensure that 40 percent of the overall benefits of certain Federal climate, clean energy, affordable and sustainable housing, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. 
    In August 2024, the Department of Health and Human Services (HHS) issued a new final rule updating the Head Start Program Performance Standards. This rule requires Head Start programs to protect children from exposure to lead in water and paint through regular testing and inspection and remediate lead in Head Start facilities where lead exists.
    In 2024, EPA conducted approximately 1,400 compliance monitoring activities for lead-based paint in over 190 communities, more than a third of which were communities with environmental justice concerns. Additionally, EPA’s Federal Facilities Enforcement Office conducted compliance monitoring activities at 18 military installations in 2024. This work protects our service members and their families from exposure to lead-based paint in their homes at military bases.
    Reducing Exposure to Lead from Drinking Water – Millions of buildings still receive their water through a lead pipe. The Biden-Harris Administration has taken historic steps to meet President Biden’s commitment to replace every lead pipe in the country within a decade:
    Earlier this month President Biden traveled to Milwaukee, Wisconsin, to announce a final rule that requires drinking water systems nationwide to replace lead service lines within 10 years. This rule will protect children from brain damage, prevent up to 900,000 infants being born with low birth weight, and protect 1,100 adults from premature death from heart disease every year.
    President Biden secured a historic $15 billion in funding through the Bipartisan Infrastructure Law specifically dedicated for replacing lead service lines, and provided an additional $2.6 billion from his Bipartisan Infrastructure Law for drinking water upgrades and lead pipe replacements, along with an additional $11.7 billion in general-purpose funding through the Drinking Water State Revolving Fund which can also be used for lead pipe replacement. To date, EPA has announced over $18 billion of this funding across every state. Nearly half of this funding is required to flow to disadvantaged communities, in the form of grants and zero-interest loans.
    Thanks to the Biden-Harris Administration’s actions, cities across the country are already making progress in replacing lead pipes. Cities with some of the highest numbers of lead pipes, like Milwaukee, Detroit, Pittsburgh, St. Paul, and Denver, have received funding from the Administration and are now on track to replace all lead pipes within 10 years or less. Under this Administration, over 367,000 lead pipes have been replaced nationwide, benefitting nearly 1 million people.
    Funding from the American Rescue Plan’s $350 billion State and Local Fiscal Recovery Fund can be used by states and communities to replace lead service lines and remediate lead paint. To date, well over $20 billion nationwide has been invested in water infrastructure projects.
    During this Administration, the EPA has also used its Water Infrastructure Finance and Innovation Act (WIFIA) program to provide well over $350 million in financing to communities for lead pipe replacement.
    Since launching in November 2023, EPA’s Get the Lead Out Initiative has provided technical assistance to public water systems nationwide to identify lead pipes and accelerate their replacement. Prioritizing disadvantaged and underserved communities, the initiative is providing assistance to a growing list of public water systems, including in Michigan, Ohio, and Illinois, and facilitates access to funding from the Bipartisan Infrastructure Law. This initiative builds on the partnership between EPA, the Department of Labor (DOL), and 40 underserved communities to support lead pipe replacement.
    In January 2023, the White House Summit on Accelerating Lead Pipe Replacement hosted by Vice President Harris, announced new actions and progress to deliver clean drinking water, replace lead pipes, and remediate lead paint to protect children and communities across America, including the Biden-Harris Get the Lead Out Partnership comprised of state and local officials, water utilities, labor unions, and other nongovernmental organizations who committed to advance and accelerate lead pipe replacement. This White House Partnership spurred the creation of a the Great Lakes Lead Pipes Partnership, a first-of-its kind, mayor-led effort to accelerate lead pipe replacement in cities with the heaviest lead burdens.
    In August 2024, EPA announced $26 million in grant funding to protect children from lead in drinking water at schools and childcare facilities across the country. These grants will be used by 55 States and territories to reduce lead exposure where children learn and play.
    The Department of the Interior conducted more than 330 water system assessments at all Indian Affairs-owned sites, including schools, offices and detention centers, among others. Beyond service lines, assessments collected lead/copper samples to identify lead sources in water distribution systems and where lead levels affected drinking points DOI coordinated immediate remediation strategies and implemented actions including alternative water sourcing and confirmatory sampling.
    Reducing Exposure to Lead from Air – Major sources of lead in the air include emissions from manufacturing, waste and metals processing, and aircraft operating on leaded aviation fuel. To tackle these emissions, the Biden-Harris Administration has taken the following actions:
    In January 2024, EPA released the Integrated Science Assessment for Lead as part of its review of the lead National Ambient Air Quality Standards. This technical document, along with additional technical and policy assessments, will provide the scientific foundation for EPA’s decisions as it regulates air lead exposure.
    In October 2023, EPA issued a final determination that emissions of lead from aircraft engines that operate on leaded fuel cause or contribute to air pollution which may reasonably be anticipated to endanger public health and welfare. With this final determination, EPA and Federal Aviation Administration (FAA) have begun work to consider regulatory options to address lead emissions from aircrafts.
    Reducing Exposure to Lead from Soil – Lead contamination at legacy pollution sites from past industrial operations, like lead mining and smelting, can accumulate in soil and poses a threat to human health and the environment. Reducing lead levels in soils can reduce exposure risks.
    The Bipartisan Infrastructure Law invests $5 billion to clean up legacy pollution, including lead contamination, at Superfund and Brownfields sites. In Fiscal Year 2024, EPA completed 63 Superfund cleanup projects that addressed lead contamination in soil to protect families and children from the harmful impacts of lead. In addition, lead is the environmental contaminant most commonly reported by EPA Brownfields cleanup grant recipients. In fiscal year 2024, Brownfields grant recipients completed 63 brownfields cleanups that addressed lead contamination.
    In January 2024, after years of research and advanced understanding of the latest science on lead, EPA issued new guidance to improve screenings for lead in residential soils at Superfund and other contaminated sites. This new guidance cuts in half the recommended screening levels issued 30 years ago and takes into account the potential for cumulative impacts by recommending even more stringent levels in areas where there may be additional sources of lead exposure, such as lead in drinking water or lead paint in homes.
    Reducing Exposure to Lead from Food and Household Products – Lead may be present in food when it is in the environment where foods are grown, raised, or processed. To reduce the risk to children of ingesting lead in food, the Administration is working to addressed lead hazards in processed foods.
    In September 2024, the Food and Drug Administration (FDA) published a new study on dietary exposure from lead in infants and young children. This action is part of the agency’s Closer to Zero effort, which sets forth the FDA’s science-based approach to continually reduce exposure to lead, arsenic, cadmium, mercury and other contaminants to the lowest levels possible in foods eaten by babies and young children.
    Protecting People from Lead Exposure in the Workplace – Workers can be exposed to lead as a result of the production, use, maintenance, recycling, and disposal of lead material and products. In 2024, the Administration sought to protect workers through a number of actions.
    In April 2024, the National Institute for Occupational Safety and Health (NIOSH) released Trends in Workplace Lead Exposure, monitoring workplace lead exposure trends through the Adult Blood Lead Epidemiology and Surveillance program.
    In March 2024, at the direction of President Biden, the Department of Veterans Affairs (VA) announced that all veterans exposed to toxins and other hazards during military service—including lead—are now eligible for VA health care.
    Accelerating Innovations to Improve Blood Lead Testing – Testing blood is the best way to determine if a person has had lead exposure, as there are often no immediate symptoms when someone is exposed to lead. Based on blood lead test results, healthcare providers can recommend follow-up actions and care.
    In March 2024, the Centers for Disease Control and Prevention (CDC) announced Phase 2 of the Lead Detect Prize on challenge.gov, inviting selected Phase 1 participants to develop their winning concepts into detailed designs. This challenge provides a $1 million prize pool to accelerate the development of next-generation point-of-care blood lead testing technology. National Aeronautics and Space Administration (NASA) and the FDA support the challenge, and it spotlights the urgent need to identify and foster new or existing breakthrough solutions and products for optimal lead testing in children.
    Establishing Domestic Partnerships to Reduce All Lead Exposure – The Administration is engaging stakeholders in a number of ways to reduce community exposure to lead in the United States.
    In July 2024, the President’s Task Force on Environmental Health Risks and Safety Risks to Children published the Progress Report on the Federal Lead Action Plan, a comprehensive update on the government’s progress since 2018 toward reducing childhood lead exposures. HUD, EPA, and HHS, as co-leading members of the Task Force’s Lead Subcommittee, are leading aggressive actions to combat lead exposure. The Federal Lead Action Plan promotes a vision that the United States will become a place where children, especially those in communities with environmental justice concerns, can live, learn and play and remain safe from lead exposure and its harmful effects.
    In June 2024, the CDC published the Childhood Lead Poisoning Prevention National Classroom program. This program features multiple training methods and outreach strategies, including slide presentations, training videos, webinars, podcasts, and materials posted online to engage a broad range of audiences, including public health professionals, other physicians, general audiences, and high school students, through social media platforms and many other outlets.
    In February 2024, the EPA in collaboration with HUD and CDC/ASTDR published A U.S. Lead Exposures Hotspot Analysis, which identifies states and counties with the highest potential lead exposure risk from old housing sources of lead. This analysis applied science-based methods based on available data, continuing the agencies’ commitment to advancing whole of government efforts to focus lead actions in disproportionately impacted locations.
    EPA continues to establish and lead U.S. whole-of-government partnerships to develop and apply a science-based blueprint to identify communities with high lead exposures and improve their health outcomes in support of EPA’s Lead Strategy and priority activities of the President’s Task Force on Environmental Health Risks and Safety Risks to Children.
    Spearheading an International Effort to Reduce Global Lead Exposure – Amidst historic actions taken domestically to combat lead exposure in the United States, the Administration has built an unprecedented global coalition to tackle lead exposure in low- and middle-income countries, where one in two children has elevated levels of lead in their blood.
    In September 2024, the U.S. Agency for International Development (USAID) joined UNICEF and over 60 partners and 26 countries to launch the Partnership for a Lead-Free Future, the first-ever public-private partnership dedicated to tackling lead exposure in low- and middle-income countries. The Partnership committed $150 million toward this effort—at least 10 times the average estimated annual investment to combat lead exposure internationally over the past five years.
    Earlier this year, USAID, through its Enterprises for Development, Growth, and Empowerment (EDGE) Fund, provided $5 million to the Lead Exposure Elimination Project (LEEP) to accelerate the global transition to lead-free paint. Spanning over 30 countries in Africa, Asia, Latin America, Central Asia, and Europe, the LEEP partnership will support governments in introducing lead paint regulations and demonstrate how the private sector can reduce lead exposure, saving lives and protecting communities.

    MIL OSI USA News

  • MIL-OSI United Kingdom: British High Commission celebrates King’s birthday, 2024

    Source: United Kingdom – Executive Government & Departments

    The British High Commission will today (23 October) host the King’s Birthday Party, its annual celebration to mark the British Monarch’s birthday.

    British High Commissioner to India, Lindy Cameron with P Kumaran, Secretary of Economic Relations and Development Partnership Administration, Ministry of External Affairs

    The gala event pays tribute to His Majesty King Charles III as the UK’s Head of State.

    In addition to his official and ceremonial duties in the UK and overseas, His Majesty has championed a wide range of causes relating to the environment and sustainable development, the arts, healthcare and education for decades.

    A wide range of dignitaries from the Government of India, representatives from Commonwealth nations, business leaders, and eminent personalities from the fields of diplomacy, arts, education, research, business, and sports are expected to attend. The celebration will also highlight the vibrant business links that exist between our countries.

    The event reflects the modern partnership between the UK and India with a specially designed food menu of British Indian cuisine from Ambassador for the GREAT Britain & Northern Ireland campaign Chef Vineet Bhatia MBE, music by DJ Lush Lata, and interactive displays from some of the UK’s leading businesses operating in India.

    Lindy Cameron, British High Commissioner to India, said:

    His Majesty The King has an enduring interest in promoting a modern partnership with India and its people. It is such a privilege to celebrate His Majesty’s birthday with friends in India who have been so generous to me since I arrived. I can think of no more interesting country to live in, no better time to be here.

    I also extend my heartfelt thanks to everyone joining the celebration in Delhi; it is the people that make the UK-India partnership come to life, and the deep economic connections through companies like HSBC India that make it thrive.”   

    This year’s King’s Birthday Party celebrations in Delhi were made possible by the gracious support of HSBC India, Reliance Industries Ltd, OMA living – A Hero Motors Company, The Body Shop, bp, Airbus, BAE Systems, Shell India, British Airways, UK India Business Council, Aston Martin New Delhi, Truefitt & Hill, Diageo India, William Grant and Sons, Beam Suntory, Colliers Cheese and Fortune Gourmet Specialities, Nimkish Enterprises.

    Further information

    • free-to-use high resolution images from the event will be uploaded to Flickr
    • the King’s Birthday Party is celebrated by British Embassies and High Commissions around the world
    • the King’s Birthday falls on 14 November, but his official Birthday in 2024 was marked on 15 June, when The King’s Birthday Parade (also known as Trooping the Colour) was held in London
    • His Majesty has undertaken 10 official visits to India, most recently in November 2019 when he visited New Delhi and Mumbai to celebrate British-India connections with a focus on sustainable markets, climate change and social finance
    • His Majesty King Charles III was born in 1948 and became heir apparent on the accession of Queen Elizabeth II in 1952

    Media

    For media queries, contact:

    David Russell, Head of Communications
    Press and Communications, British High Commission,
    Chanakyapuri, New Delhi 110021. Tel: 24192100

    Media queries: BHCMediaDelhi@fcdo.gov.uk

    Follow us on Twitter, Facebook, Instagram, Flickr, Youtube and LinkedIn

    Updates to this page

    Published 24 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Speech by SCST at Hong Kong Fashion Fest Preview

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, at the Hong Kong Fashion Fest Preview today (October 24):
     
    Distinguished guests, friends from the fashion design industries and the media,
     
         Welcome to the preview for the Hong Kong Fashion Fest, our new brand for the Hong Kong Fashion Design Week, which is an initiative introduced by the Chief Executive in his Policy Address last year.
          
         Being a new flagship event, the Hong Kong Fashion Fest consolidates fashion design events, promotes Hong Kong’s fashion and textile design brands, and reaffirms Hong Kong’s position as a prime destination for hosting major cultural and creative events. The Cultural and Creative Industries Development Agency of my bureau has been closely engaging stakeholders in the past year to realise the idea.
          
         The first Hong Kong Fashion Fest will be held between November 20 and December 4, offering a variety of programmes, including a summit and a forum for high-level discussions on the development of the industry, fashion shows and exhibitions showcasing the work of local and overseas designers in haute couture fashion, workwear, evening wear and other types of clothing, and a cross-sector soiree.
          
         Not only will the Hong Kong Fashion Fest showcase the soft power of Hong Kong in fashion design, it will be a platform for local and international fashion designers and brands, and enhance collaboration of Hong Kong’s fashion design industries with the rest of the world. We envisage that the Hong Kong Fashion Fest will attract 150 000 participants from over 15 countries and regions. It will fully demonstrate Hong Kong’s role as the East-meets-West centre for international cultural exchange.
          
         The Hong Kong Fashion Fest will be an annual signature event signifying Hong Kong as Asia’s fashion design hub. I look forward to enjoying the wonderful programmes of the Hong Kong Fashion Fest with you. Thank you.

    (Please also refer to the Chinese portion of the speech.)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: HKSAR Government strongly condemns despicable attempts to exert pressure on judges

    Source: Hong Kong Government special administrative region

         The Hong Kong Special Administrative Region (HKSAR) Government today (October 24) strongly condemned recent attempts by some individuals overseas to exert improper pressure on non-permanent judge of the Court of Final Appeal Mr Patrick Anthony Keane, blatantly interfering with ongoing criminal proceedings in the HKSAR.

         A spokesman for the HKSAR Government said that any attempt by any organisation or individual to exert pressure on judges and judicial officers, and interfere with the criminal justice process by means of political power or any other means, is clearly a reprehensible act undermining the rule of law of the HKSAR and should be vehemently condemned.

         Hong Kong’s rule of law and independent judicial power are guaranteed under the Basic Law, which specifically provides that the judicial power, including that of final adjudication, vested with the HKSAR, is to be exercised by the Judiciary independently, free from any interference. The HKSAR Government fully supports the Judiciary in exercising its judicial power independently, safeguarding the due administration of justice and the rule of law.

         Regarding Lai Chee-ying’s case concerning the Hong Kong National Security Law, the HKSAR Government pointed out that as the relevant legal proceedings are still ongoing, it is inappropriate for any person to comment on the details of the case or exert improper interference. The HKSAR Government emphasised that all cases including the relevant case are handled strictly on the basis of evidence and in accordance with the law. All defendants will receive a fair trial strictly in accordance with laws applicable to Hong Kong and as protected by the Basic Law and the Hong Kong Bill of Rights.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Preview of Hong Kong Fashion Fest held today

    Source: Hong Kong Government special administrative region

         The Hong Kong Fashion Fest Preview took place at Asia Society Hong Kong Center today (October 24) to raise the curtain on the inaugural Hong Kong Fashion Design Week. The preview was officiated by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, and representatives of the organisers of the events.
          
         Mr Yeung said, “Introduced by the Chief Executive in last year’s Policy Address, the Hong Kong Fashion Design Week will be organised to consolidate fashion design events for promoting Hong Kong’s fashion and textile design brands and reaffirming Hong Kong’s position as a prime destination for hosting major cultural and creative events. The Cultural and Creative Industries Development Agency of my Bureau has been closely engaging stakeholders over the past year to realise the idea. The first Hong Kong Fashion Fest will be held between November 20 and December 4 at various locations in Hong Kong. The Hong Kong Fashion Fest will be an annual signature event signifying Hong Kong as Asia’s fashion design hub.”
          
         The Hong Kong Fashion Fest will be a platform for local, Mainland and overseas fashion designers and brands, as well as industry leaders and players, to enhance collaboration within Hong Kong’s fashion design industries with the rest of the world in expanding market development. The Hong Kong Fashion Fest injects new elements to create synergy for different fashion design activities, enhancing the profile of local fashion design and showcasing the soft power of Hong Kong in fashion design.
          
         The Hong Kong Fashion Fest is set to take place in venues spanning various cultural landmarks and iconic design and fashion locations in Hong Kong. The event presents a full agenda of different fashion design happenings. It is anticipated that the Hong Kong Fashion Fest will attract over 150 000 participants from the fashion design industries and the public from over 15 countries or regions. Event details under the Hong Kong Fashion Fest is available in the annex.

    MIL OSI Asia Pacific News

  • MIL-OSI: Montreux Capital Management Zug AG Acquires GC Partners Group, a Global Payments FX Provider

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Oct. 24, 2024 (GLOBE NEWSWIRE) — Montreux Capital Management Zug AG (“Montreux”) is pleased to announce the acquisition of GC Partners Group Ltd (“GC Partners”), a specialist financial services provider in the foreign exchange and payments market.

    The foreign exchange market is the largest and most liquid financial market in the world. With a daily trading volume exceeding $5 trillion, it is also the most actively traded market globally.

    GC Partners, a celebrated firm with 20 years of service, has established a strong reputation in the industry for its customer-centric financial solutions tailored to meet client needs. Through their global network of offices, last year they transacted over USD$12.5 billion in foreign currency, providing quick, reliable, and secure solutions to clients around the globe. With offices in the UK, Hong Kong, Dubai, the Netherlands, Portugal, and Spain, GC Partners has a global presence that will complement Montreux’s existing operations.

    “Through the acquisition, GC Partners will be able to accelerate their growth strategy, scale the business, and enhance their global payments infrastructure to complement their expertise in providing efficient and reliable solutions for over 150,000 clients to transfer money to more than 125 markets worldwide,” said Andrew Fundell, CEO of GC Partners.

    One of GC Partners’ key strengths lies in its advanced platform, featuring portals designed for private, corporate, and investment clients. These portals provide an efficient, secure, and adaptable way for clients to transact globally. By leveraging GC Partners’ cutting-edge technology and expertise, Montreux aims to enhance its own capabilities and deliver even greater value to clients.

    “We are pleased to announce the acquisition of GC Partners, a prominent player in the FX and payments market,” said Oliver Harris, CEO of Montreux. “This strategic move aligns with our vision to expand our presence in the financial services industry and positions us to capitalise on this growing market. Leveraging GC Partners’ expertise, we anticipate rapid global growth as we plan to treble the size of the business over the coming years.”

    Contact Information:
    GC Partners
    info@gcpartners.co
    https://www.gcpartners.co/

    The MIL Network

  • MIL-OSI Asia-Pac: SDEV to attend 2024 World Cities Day China Observance in Weihai

    Source: Hong Kong Government special administrative region

    SDEV to attend 2024 World Cities Day China Observance in Weihai
    SDEV to attend 2024 World Cities Day China Observance in Weihai
    ***************************************************************

         The Secretary for Development, Ms Bernadette Linn, will depart for Weihai in Shandong Province tomorrow (October 25) to attend the 2024 World Cities Day China Observance.     Upon her arrival, Ms Linn will attend a welcome dinner and cultural exchange activities. She will attend the opening ceremony of the 2024 World Cities Day China Observance and deliver a keynote speech at the Mayors’ Forum on Sustainable Development in Global Cities the following day (October 26).     The 2024 World Cities Day China Observance is organised by the Ministry of Housing and Urban-Rural Development, the United Nations Human Settlements Programme, the Shandong Provincial People’s Government and the Shanghai Municipal People’s Government. This year’s theme is “Build a People-oriented City and Share a Better Life”.     Ms Linn will return to Hong Kong on the evening of October 26. During her absence, the Under Secretary for Development, Mr David Lam, will be the Acting Secretary for Development.

     
    Ends/Thursday, October 24, 2024Issued at HKT 18:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Equifax Canada Champions Financial Inclusion for Newcomers to Canada with the Launch of Global Consumer Credit File

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Equifax Canada has launched the Global Consumer Credit File, an innovative solution designed to empower lenders to make more confident credit lending decisions for newcomers to Canada. The solution creates a calibrated credit score using newcomers’ credit histories from their countries of origin. The platform offers lenders and newcomers to Canada a seamless and secure means to access global credit data which is essential in obtaining services such as housing, credit cards, and mobile phone contracts.

    Immigration to Canada continues to grow, with the country on track to welcome 500,000 new immigrants annually by 2025. Many of these newcomers will arrive with credit histories that often go unseen by Canadian financial institutions. People who are new to Canada often have a thin credit file (generally defined as having 2 or less credit lines) with little to no credit history because their credit file from their country of origin may not carry over to Canada. Without a more robust credit file, newcomers may face greater challenges in navigating the Canadian financial economy such as accessing credit cards or mortgages with favourable rates or renting an apartment. Having a credit score allows newcomers to Canada to gain access to greater financial opportunities.

    Robust Credit Bureau data from around the world
    The Global Consumer Credit File allows newcomers to leverage their global credit profiles when they apply for the credit necessary to build their financial lives in Canada. It offers a seamless and secure way of connecting financial data within Equifax Consumer Credit bureaus worldwide to create a calibrated score and helping to give financial visibility to individuals who are new to Canada. With this trusted information, lenders can make more informed decisions and help to expand credit access for newcomers based in part upon information gained from their international credit histories. The Global Consumer Credit File will launch with credit information from India, with plans to expand the service for newcomers from Brazil, Argentina, and Chile over the coming months, and a future roadmap that includes 18 countries total.

    “At Equifax Canada, we are committed to supporting the Canadian financial ecosystem to help provide more inclusive financial opportunities that move people forward,” said Sue Hutchison, President and CEO of Equifax Canada. “Newcomers to Canada bring a wealth of talent and ambition to this country, and we are proud to play a role in helping them gain access to the credit they need to thrive. The Global Consumer Credit File allows us to empower these individuals from day one, helping them establish their financial roots and contribute to Canada’s vibrant economy.”

    Canada’s immigration strategy is a cornerstone of its economic growth. Equifax Canada is set to support this growth by providing lenders with access to trusted global data, expanding credit opportunities, and fostering a more inclusive financial landscape for all Canadians.

    “Financial inclusion is about more than just credit access,” added Hutchison. “It’s about creating opportunities for everyone to succeed and contribute to the economy. Equifax is proud to lead the charge in ensuring that newcomers have the tools they need to build a strong financial future here in Canada.”

    By reducing barriers to financial access, the Global Consumer Credit File can help newcomers to Canada realize their full potential from the moment they arrive, along with those already in Canada, ensuring that they can thrive both financially and personally.

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com 

    The MIL Network

  • MIL-OSI Economics: Secretary-General of ASEAN attends the 7th AMCA + China Meeting

    Source: ASEAN

    Secretary-General of ASEAN Dr. Kao Kim Hourn today attended the 7th AMCA + China Meeting held in Melaka, Malaysia. The meeting acknowledged the deepening cultural ties between ASEAN and China, with 2024-2025 designated as the ASEAN-China Years of People-to-People Exchanges. The meeting was also apprised of the implementation of joint initiatives especially in the areas of heritage preservation and human resource development under the ASEAN Plus China Cooperation Work Plan in Culture and the Arts (2022-2025).

    The post Secretary-General of ASEAN attends the 7th AMCA + China Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI: New Asia Holdings Inc (NAHD) Announces Shareholder Update

    Source: GlobeNewswire (MIL-OSI)

    Electra, Oct. 23, 2024 (GLOBE NEWSWIRE) — New Asia Holdings Inc./Olenox Corp. (NAHD” or the Company) (OTCQB: NAHD), announces a shareholder update.

    Corporate Developments

    The company continues to work on its consolidated audited financials and expects to be completed and filed by the end of November and is on target to complete and file them by then.

    New Asia has also been working in the background with its capital stock to meet the OTC market requirement of a 10% public float by reducing the outstanding shares.  The company was removed from OTCQB in mid-August for not having 10% of its stock in the public float. The company now meets those requirements and currently has 12.7 percent of its outstanding shares in the float.

    Olenox is a fully integrated energy company that produces responsible energy products both traditional and renewable.  Our continued focus on carbon footprint reduction and streamlined oil and gas production not only benefits the environment and local communities but also add value to Olenox bottom line.

    The company continues as well to work towards our green initiative to produce carbon-neutral products as well as integrate solar and other renewable technologies into our daily oil and gas production operations.

    Acquisitions

     

    On August 13th, 2024, New Asia announced it had purchased 162 miles of Texas pipeline from Taylor Consulting.  The company is currently looking to bring the pipeline back into production and working with the anchor customer to renew takeoff agreements.  An existing agreement is in place for 55,000 MCF per month and the company is looking at several other projects that could be attached to the pipeline including power generation and bitcoin mining operations.

    On August 8th, 2024, New Asia/Olenox announced that its wholly owned Olenox Kansas has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field in Kansas.  The company continues to bring on production and is working towards the goal of having half the field in production by Q1 2025.   The company to date has brought back 32 wells into production and is now working on abandoning 3 wells to meet the contract requirements for the year.

    New Asia/Olenox continues to work on several other acquisitions and is in the final stages of purchase negotiations with 2 of the 4 currently under consideration.

    Technology

    Olenox continues to develop its technologies and is pushing its downhole tooling forward.  Modifications were needed for both the Plasma pulse tool and the ultra-sonic tool to meet industry standards in Texas and the company will begin to use the technology in our field in the coming months.

    About Olenox Corp.
    Olenox Corp.is a diversified energy company based in the state of Texas that currently operates three vertically integrated business units – Oil and Gas, Energy Services and Energy Technologies.

    • Oil and Gas: focuses on acquiring and optimizing underdeveloped oil and gas assets in Texas, Kansas and Oklahoma. It employs both internally developed and third party-licensed technologies to increase production, optimize performance and reduce costs. Olenox currently operates several oil and gas properties in Texas and Kansas.
    • Energy Services: This business unit supports Olenox’s overall exploration and production efforts with “well services” and “end of life reclamation.” Olenox Energy Services owns and operates a combination of customized service-wireline rigs and HydroVac units. This specialized equipment allows for faster “rig in” and “rig out” times. Overall, Olenox Energy Services’ equipment and experience combination seeks to reduce the amount of time and fuel burned to complete an abandonment or workover thus reducing costs.
    • Energy Technologies: This business provides both R&D and existing technology to enable increased production in the field. Olenox flagship intellectual property is its downhole enhanced recovery plasma pulse tooling and ultrasonic cleaning tools.

    Each of Olenox’s three vertically integrated business units operate in tandem to help Olenox capture unique opportunities that often go untapped by the Company’s competitors.

    Safe Harbor Statement: Certain statements and information included in this release may constitute “forward-looking statements” as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management’s projections, estimates and expectations is contained in the Company’s SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

    The MIL Network

  • MIL-OSI: Sapphire Technologies and CCYS Partner to Drive Energy Efficiency in Asia’s Natural Gas Sector

    Source: GlobeNewswire (MIL-OSI)

    CERRITOS, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) — Sapphire Technologies, a developer of energy recovery systems for hydrogen and natural gas industrial applications, is expanding into new markets in Asia through a partnership with CCYS, a leading Chinese enterprise in green energy recovery. As carbon emissions are projected to peak in China by 2030, the partnership seeks to reverse that trajectory. Sapphire’s advanced FreeSpin® In-line Turboexpander technology will be integrated into key infrastructure projects. This cutting-edge technology captures and converts wasted pressure energy into clean electricity, improving the efficiency of natural gas use and supporting China’s broader emissions reduction objectives.

    BP projects that China’s natural gas consumption will rise to 550 billion cubic meters by 2030, up from approximately 395 billion cubic meters in 2023, increasing its global energy share from 6% to over 10%. If the available natural gas pressure in China (1.6-4.0 MPa) is fully utilized using Sapphire’s FreeSpin® In-line Turboexpander, it could recover 13 million MWh of pressure energy, enabling the installation of at least 1,517.7 MW of power generation capacity. This advancement would contribute to annual CO2 reductions of up to 12 million tons.

    “Our partnership with CCYS marks an exciting step forward for both companies as we work together to meet China’s growing demand for sustainable energy solutions,” said Freddie Sarhan, CEO of Sapphire Technologies. “By leveraging our turboexpander technology, we are expanding into new markets and helping enhance the efficiency of natural gas operations all while contributing to the country’s environmental goals.”

    “This partnership allows us to leverage Sapphire Technologies’ energy recovery systems to significantly improve the efficiency of our infrastructure projects,” said Changgang Guo, CEO of CCYS. “With this advanced technology, we are now able to capture and repurpose energy that would otherwise be wasted, directly supporting China’s transition to a greener, more sustainable energy landscape.”

    This partnership will initially focus on deploying Sapphire’s technology across multiple projects in China’s natural gas sector, including energy recovery systems at gas city gate stations, and LNG regasification facilities. Notable projects include those with Beijing Gas and Heating Engineering Design Institute, CNPC Lanzhou Petrochemical Equipment Company, and ENN Energy. Overall, this collaboration sets the stage for broader implementation of Sapphire’s solutions, helping drive China’s move toward a more energy-efficient future.

    About Sapphire Technologies
    Sapphire Technologies is driving global decarbonization through developing and manufacturing energy recovery systems that harness the power of gas expansion to produce reliable and clean electricity. Sapphire Technologies’ systems are designed to convert energy wasted in pressure reduction processes into electric power without interrupting operations. By recovering this wasted pressure energy, Sapphire Technologies helps customers maximize efficiencies, improve productivity, reduce carbon emissions, offset electrical costs and achieve substantial financial returns. For additional information visit: https://www.sapphiretechnologies.com

    About CCYS
    Over the past decade, CCYS has focused on the R&D, production, sales, and service of thermal insulation products. In 2023, the company expanded a new branch company, CCYS(Beijing), to focus on green energy recovery, leveraging advanced technologies in the Oil & Gas, hydrogen, air, and CO2 sectors. It now specializes in pressure energy recovery and waste heat recovery, continually enhancing the efficient closed-loop utilization of zero-carbon electricity and cooling energy across these areas to help meet the “China 3060” Carbon Peak/Neutral target. For additional information, please visit: http://www.ccysnh.com/

    Media Contact:
    Kite Hill PR
    Lara Schembri Sant
    lara@kitehillpr.com

    The MIL Network

  • MIL-OSI United Kingdom: Joint statement on the human rights situation in Xinjiang and Tibet

    Source: United Kingdom – Government Statements

    Joint statement delivered by Australia, Canada, Denmark, Finland, France, Germany, Iceland, Japan, Lithuania, Kingdom of the Netherlands, New Zealand, Norway, Sweden, United Kingdom and the United States of America in the UN Third Committee General Discussion.

    I have the honour of delivering this joint statement on behalf of Canada, Denmark, Finland, France, Germany, Iceland, Japan, Lithuania, Kingdom of the Netherlands, New Zealand, Norway, Sweden, United Kingdom, United States of America, and my own country, Australia.

    These countries are all committed to universal human rights and have ongoing concerns about serious human rights violations in China.

    Two years ago, the United Nations Office of the High Commissioner for Human Rights’ assessment on Xinjiang concluded that serious human rights violations had been committed in Xinjiang, and that the scale of the arbitrary and discriminatory detention of Uyghurs and other predominantly Muslim minorities in Xinjiang “may constitute international crimes, in particular crimes against humanity”. 

    Subsequently, United Nations Treaty Bodies have taken similar views and made similar recommendations, including the CERD in November 2022 through its concluding observations and Urgent Action Decision on Xinjiang; and the CRPD, CESCR and CEDAW in their September 2022, March 2023 and May 2023 Concluding Observations.

     The Working Group on Arbitrary Detention has issued communications concerning multiple cases of arbitrary detention and enforced disappearances, and over 20 Special Procedure Mandate Holders have expressed concern about systemic human rights violations in Xinjiang.

    Relying extensively on China’s own records, these comprehensive findings and recommendations by independent human rights experts from all geographic regions detail evidence of large-scale arbitrary detention, family separation, enforced disappearances and forced labour, systematic surveillance on the basis of religion and ethnicity; severe and undue restrictions on cultural, religious, and linguistic identity and expression; torture and sexual and gender-based violence, including forced abortion and sterilisation; and the destruction of religious and cultural sites. 

    China has had many opportunities to meaningfully address the UN’s well-founded concerns.

    Instead, China labelled the Office of the High Commissioner for Human Rights’ assessment as “illegal and void” during its Universal Periodic Review adoption in July.

    According to the Office of the High Commissioner for Human Rights’ statement in August, the problematic laws and policies in Xinjiang continue to remain in place. The statement again called on China to undertake a full review, from the human rights perspective, of the legal framework governing national security and counterterrorism.

    Chair, as with our concerns for the situation in Xinjiang, we are also seriously concerned about credible reports detailing human rights abuses in Tibet.  

    United Nations Human Rights Treaty Bodies and United Nations Special Procedures have detailed the detention of Tibetans for the peaceful expression of political views; restrictions on travel; coercive labour arrangements; separation of children from families in boarding schools; and erosion of linguistic, cultural, educational and religious rights and freedoms in Tibet.

    We urge China to uphold the international human rights obligations that it has voluntarily assumed, and to implement all UN recommendations including from the Office of the High Commissioner for Human Rights’ assessment, Treaty Bodies and other United Nations human rights mechanisms.

    This includes releasing all individuals arbitrarily detained in both Xinjiang and Tibet, and urgently clarifying the fate and whereabouts of missing family members.

    Transparency and openness are key to allaying concerns, and we call on China to allow unfettered and meaningful access to Xinjiang and Tibet for independent observers, including from the United Nations, to evaluate the human rights situation.

    No country has a perfect human rights record, but no country is above fair scrutiny of its human rights obligations.

    It is incumbent on all of us not to undermine international human rights commitments that benefit us all, and for which all states are accountable.

    Updates to this page

    Published 23 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: HKSAR Government’s response to 2024 World Justice Project Rule of Law Index

    Source: Hong Kong Government special administrative region

    HKSAR Government’s response to 2024 World Justice Project Rule of Law Index
    HKSAR Government’s response to 2024 World Justice Project Rule of Law Index
    ***************************************************************************

         In response to media enquiries on 2024 World Justice Project Rule of Law Index (Index), a Hong Kong Special Administrative Region (HKSAR) Government spokesman made the following reply today (October 23):      Hong Kong’s ranking in the Index remains unchanged, continuing to rank the 6th in East Asia and the Pacific, and the 23rd out of 142 countries and jurisdictions globally. Hong Kong remains high in the overall ranking and continues to be ahead of some European and American countries which often unreasonably criticise the rule of law and human rights situation of Hong Kong.      Hong Kong climbs one place in the global rankings in respect of “Regulatory Enforcement” and “Civil Justice”. In respect of “Open Government”, Hong Kong continues to maintain last year’s score and global ranking, which clearly demonstrates that Hong Kong has a comprehensive regulatory enforcement mechanism and civil justice system under “one country, two systems”. The continuous improvements in these areas are conducive to the construction of the rule of law and the business environment, which consolidate and enhance Hong Kong’s “eight centres” positioning under the National 14th Five-Year Plan.      Hong Kong’s score in respect of “Absence of Corruption” is higher than last year and ranks the 10th globally. This shows that Hong Kong remains to be one of the most corruption-free places in the world and that the effectiveness of its anti-corruption efforts has been recognised internationally. The Government will continue to promote the exchange of anti-corruption experience among experts and scholars from Hong Kong, the Mainland and overseas, thereby strengthening Hong Kong’s international status in integrity building and further contributing to the national and global anti-corruption cause.     Hong Kong’s scores and global rankings slightly drop in relation to “Constraints on Government Powers”, “Fundamental Rights”, “Order and Security” and “Criminal Justice”. However, Hong Kong’s rankings in East Asia and the Pacific remain almost unchanged, reflecting the successful implementation of the “one country, two systems” principle in Hong Kong, as well as the effectiveness of the Hong Kong National Security Law, the Safeguarding National Security Ordinance and other relevant laws of the HKSAR in safeguarding national security and maintaining long-term prosperity and stability in Hong Kong. The minor drop in the scores does not seem to fully reflect the institutional strengths of Hong Kong’s rule of law. For example, in respect of “Criminal Justice”, Hong Kong has a fair and comprehensive criminal justice system as well as a criminal legislative framework that keeps up with the times, fully protecting the rights of the parties involved. Hong Kong’s comprehensive, robust and well-funded legal aid system also plays a pivotal role in safeguarding the rule of law. In addition, Hong Kong residents enjoy fundamental rights to commence legal proceedings and seek judicial remedies before the courts, which are protected by the Basic Law and the Hong Kong Bill of Rights Ordinance.     All in all, Hong Kong’s overall score (0.72) is the same as the countries ranked the 22nd and the 24th globally. The scores in most of the aspects have only been slightly adjusted.     Hong Kong has maintained a trusted legal system under “one country, two systems”, its rule of law is also widely recognised and respected by the community. The HKSAR Government will continue to be steadfast in safeguarding national sovereignty, security and development interests, as well as fully and faithfully implementing the “one country, two systems” principle and upholding the rule of law in the HKSAR.

     
    Ends/Wednesday, October 23, 2024Issued at HKT 21:30

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Sarmayacar latest initiative Climaventures Fund Secures $15 Million Anchor Commitment from Green Climate Fund to Accelerate Climate-Tech Innovation in Pakistan

    Source: GlobeNewswire (MIL-OSI)

    Lahore, Pakistan, Oct. 23, 2024 (GLOBE NEWSWIRE) — Venture capital firm Sarmayacar is today announcing it has successfully secured $15m for its new Climaventures Fund from the Green Climate Fund (GCF), marking a significant milestone in the growth of Pakistan’s climate-tech ecosystem. This GCF funding will play an anchoring role in the new fund that Sarmayacar is targeting to have a hard cap of $40 million. An additional $10 million has been allocated to an affiliated venture accelerator program run by the National Rural Support Programme (NRSP) to support even earlier-stage climate-tech startups with a similar thesis. The final approval from the GCF Board, following its meeting in Songdo, South Korea, highlights the growing global interest in addressing Pakistan’s critical climate challenges with scalable, impactful solutions.

    With this capital, the Sarmayacar Climaventures Fund will focus on empowering local startups in critical sectors such as renewable energy, electric mobility and sustainable agriculture. These ventures will receive both financial backing and strategic guidance to help accelerate their growth and environmental impact. By strengthening Pakistan’s climate-tech landscape, Sarmayacar aims to position the country as a key player in regional sustainability efforts while attracting international investment into climate-focused ventures.

    Sarmayacar CEO and founder Rabeel Warraich with General Partner Bernhard Klemen

    Sarmayacar, founded in 2018 as Pakistan’s first institutional venture capital firm, has been instrumental in advancing the country’s startup ecosystem. Its initial $25 million tech-focused fund, anchored by the International Finance Corporation (IFC), catalysed over $800 million in venture capital investments into Pakistani startups, and supported high-growth ventures across sectors such as fintech, e-commerce, healthtech, and logistics. Led by CEO and Founder, Rabeel Warraich and General Partner, Dr. Bernhard Klemen, the firm is now leveraging its experience and market-knowledge to address Pakistan’s climate challenges through its Climaventures Fund. 

    “Addressing Pakistan’s climate emergency requires an approach that fosters entrepreneurial innovation,” said Rabeel Warraich, CEO and Founder of Sarmayacar. “Our new climate fund – a first for Pakistan – will back founders building localised, scalable climate solutions for the country. We hope to spawn an entire climate venture ecosystem by leveraging our experience and connectivity in the country and beyond.”

    Sarmayacar’s latest initiative taps into the global momentum behind climate-tech investment. According to the Climate Policy Initiative’s Global Landscape of Climate Finance 2023 report, global climate finance averaged $1.27 trillion annually in 2021-2022, nearly doubling from previous years. This surge underscores the urgent need to scale climate solutions globally. In Pakistan, where climate challenges are particularly acute, the Sarmayacar Climaventures Fund aims to back startups that contribute to the country’s broader environmental goals, driving both impact and sustainable growth. Despite contributing only 0.9% to global greenhouse gas emissions, Pakistan ranks as the 8th most vulnerable country to climate change, according to the Global Climate Risk Index. 

    Dr. Bernhard Klemen, General Partner at Sarmayacar added, “Since launching Pakistan’s first VC fund in 2018, Sarmayacar has built a track record of identifying and supporting market-transforming startups in the country. With this new climate-themed fund, we plan to replicate the playbook of our first fund and invest in commercially attractive opportunities that can also create significant impact. There is already an actionable pipeline which we hope to capitalise on with the support of reputable and like-minded partners like the GCF.”

    The Green Climate Fund’s endorsement underscores the critical role that venture capital must play in addressing climate change, particularly in emerging markets. The fund will also help mobilise additional private capital, de-risking early-stage climate ventures and attracting further investment from global institutions.

    Looking ahead, Sarmayacar aims to position Pakistan as a leader in climate-tech innovation, driving scalable solutions to tackle pressing climate challenges. With the Sarmayacar Climaventures Fund, the firm is committed to supporting the next generation of climate-tech entrepreneurs, ensuring they have the resources and expertise to succeed both locally and globally. By continuing to attract capital and fostering impactful ventures, Sarmayacar is helping to shape a more sustainable future for Pakistan and beyond. 

    Ends 

    Notes to the editor
    Media images can be found here

    About Sarmayacar
    Sarmayacar is Pakistan’s first institutional venture capital firm, backing early-stage tech startups across a variety of sectors. Since its inception, Sarmayacar has supported high-growth ventures with a focus on driving innovation and sustainable growth in Pakistan’s startup ecosystem. 
    For more information, please visit www.sarmayacar.com 

    About GCF
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    The MIL Network

  • MIL-OSI Security: Defense News: Navy Warfare Center Drives First Over-the-Horizon Install, Naval Strike Missile Launch Demonstration From Destroyer

    Source: United States Navy

    PORT HUENEME, California – Among the flurry of fleet activities in the recent Rim of the Pacific (RIMPAC) exercise in Hawaii was a milestone that Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD) spearheaded — the first demonstration firing of a Naval Strike Missile (NSM) from a U.S. Navy destroyer.

    Working under a compressed timeline, NSWC PHD and its partners installed the first Over-the-Horizon (OTH) Weapon System on a destroyer, USS Fitzgerald (DDG 62), in time for it to launch an NSM at a decommissioned ship on July 18 during RIMPAC.

    Other major players in the effort included Program Executive Office Integrated Warfare Systems (PEO IWS) 3H, Naval Air Warfare Center Weapons Division (NAWCWD) China Lake, General Dynamics Mission Systems and Kongsberg Defence & Aerospace AS.

    “This was a high-visibility requirement for the Navy,” said Eric Romero, customer advocate for OTH with NSWC PHD in Port Hueneme, California.

    OTH is a long-range surface-to-surface warfare system that launches NSMs, which are anti-ship guided missiles. The Navy has added the system to about a dozen Independence-variant littoral combat ships over the past five years.

    In late September 2023, the Office of the Chief of Naval Operations challenged PEO IWS, which in turn tasked NSWC PHD, with installing an OTH on Arleigh Burke-class destroyer USS Fitzgerald in time to demonstrate it at RIMPAC 2024. That left only about nine months before the biennial international fleet exercise.

    “We knew we were working on an aggressive schedule, but we had all the right personnel on the team to make sure we were successful in executing it,” Romero said.

    NSWC PHD employees took on various projects to pull off the endeavor at this accelerated pace, from developing ship installation drawings to getting cybersecurity approval to installing and testing the equipment.

    The overall effort encompassed nearly 20 organizations, including five program offices, four warfare centers and a dozen external entities, according to Todd Jenkins, platform integration lead with NSWC PHD in San Diego.

    “We were expecting a great deal of roadblocks due to the compressed timeline, but everyone came together to accomplish this monumental event,” Jenkins said.

    Typically, this type of first-of-class installation takes at least two years, according to Robert “Tony” Honeycutt, Alteration Installation Team manager at NSWC PHD’s Virginia Beach Detachment in Virginia. A key factor in speeding up the process was proposing the OTH as a temporary change to USS Fitzgerald, which reduced the requirements for documentation and drawings compared to a permanent change.

    Beyond streamlining the paperwork, Honeycutt and Jenkins met frequently with stakeholders from PEO IWS 3H and NAWCWD China Lake to overcome obstacles and stay on schedule.

    “Basically, we were just driving it as hard as we could,” Honeycutt said. “As soon as we ran into a problem, we had a group powwow and figured out the solution.”

    Another task that the team sped up was securing the cybersecurity accreditation known as authority to operate (ATO) for the OTH software that would be installed on the ship. The rigorous six-step process typically takes about a year, but in this case it had to be completed much quicker so the installation could start.

    “We had to do the cyber ATO in two months,” Romero said.

    The team installed the OTH on USS Fitzgerald at Naval Base San Diego from mid-March to late May. The main components of the system are the launcher and an operator interface console. To make it compatible with the destroyer, the system also required a navigation adapter.

    After installing the OTH, NSWC PHD trained crew members and helped them test the system while underway.

    “We made sure they were trained up, such as to be self-sustaining as operators,” Romero said.

    In Hawaii for RIMPAC in July, USS Fitzgerald participated with other ships and aircraft in a sinking exercise, known as a SINKEX. The target was a decommissioned amphibious ship about 50 nautical miles off the coast of Kauai.

    With NSWC PHD team members monitoring remotely, USS Fitzgerald launched its first NSM from the OTH. The NSM successfully searched the target area, detected and prosecuted the target.

    “It was a successful NSM live-fire shot launched from the OTH Weapon System,” Romero said.

    Following the inaugural firing at RIMPAC, NSWC PHD personnel will help prepare USS Fitzgerald to go on deployment with the OTH.

    While the new weapon system is still authorized as a temporary installation on USS Fitzgerald, the team is working to secure approval for it to stay on the ship indefinitely.

    “We’re migrating the ship change document to a permanent change, as we want to keep the system aboard DDG 62,” Romero said.

    The work done on DDG 62 will help inform the way forward on providing this capability to other DDGs.

    MIL Security OSI