Category: Asia Pacific

  • MIL-OSI New Zealand: Time to shut down failed Youth Justice Residences

    Source: Green Party

    The Green Party is calling for Youth Justice Residences to close, following a protest in which a group of young people spent the night on the roof of an Oranga Tamariki justice facility.

    “Rangatahi deserve more than child prisons and military bootcamps. They deserve opportunities,” says the Green Party Spokesperson for Youth, Tamatha Paul.

    “Instead of punching down on our most vulnerable, we should be providing our rangatahi with meaningful life opportunities, healthcare that addresses their needs, but most importantly, the love and care that they have never, ever had in their short lives. 

    “The Greens are calling for an end to Youth Justice Residences and military-style bootcamps. Our young people deserve a system which sets them up to rebuild their lives, not to be confined to prisons which perpetuate trauma, isolation and violence

    “There are young people out there who cannot imagine a life for themselves outside of prison walls, and that is a failure of successive governments, and a moral failure of our society.

    “I have visited these youth justice residences and can confirm that they are child prisons. They are filled with the most vulnerable rangatahi in our country who have come from extreme levels of poverty and family abuse.

    “What’s happened at Korowai Manaaki is not a unique situation. Years of research and experience shows that youth justice residences are re-traumatising and ineffective. 

    “When the Office of the Children’s Commissioner reported on Korowai Manaaki recently, they revealed inappropriate and deeply troubling practices within the residences. Unfortunately, this culture can be seen across the youth justice space in Aotearoa and is a product of politicians who put winning votes above the real needs of children.

    “The young people leaving these residences do not feel empowered or able to turn their lives around which leads to a lifetime of incarceration and a complete loss of human potential. It’s time to close them down.” says Tamatha Paul.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: ACT welcomes Crown Observer in Wellington

    Source: ACT Party

    ACT Local Government spokesperson Cameron Luxton is welcoming today’s announcement that the Minister intends to appoint a Crown Observer to Wellington City Council.

    “The Council is an absolute shambles,” says Mr Luxton.

    “What should be a thriving capital city is being run into the ground by reckless decisions and sheer incompetence.

    “Tauranga has seen firsthand the consequences of stripping away local democracy, and I don’t want to see Wellington go down the same path. Any step that can fix the city while preserving local democracy is one I fully support.

    “A Crown Observer will give the Coalition Government the opportunity to look under the hood of the council, assess what’s going wrong, and assist the council in good governance – something that has been sorely lacking to date.

    “Many of the issues are well-known already. The Council is recklessly wasting hundreds of millions of dollars on ideological projects like cycleways, removing cars from the golden mile, and the wrecked town hall. While this is happening, leaks continue to appear all across the city and wastewater is being pumped into the harbour.

    “But the deeper governance issues and factors influencing the Council’s poor decision making need to see the light of day. At the very least it will expose the poor leadership, ensuring they can be held accountable at the next local body elections on 11 October 2025.

    “The Council must ensure that they have crown observer not a clown observer. That means putting their egos and ideologies aside and for once in their lives put the ratepayers of Wellington first.

    “I urge them to heed the advice of the Observer, and take all necessary steps to cut waste, fix the crumbling infrastructure and keep rates down.”

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Unreported in New Zealand

    Source: ACT Party

    The Haps

    The Solicitor General backed down on prosecution guidelines that told prosecutors to ‘think carefully’ about someone’s race before prosecuting. It shows New Zealand has really changed. Not so long ago such policies bucketed down and people felt helpless. Now we are getting real change.

    CPI inflation at 2.2 per cent, amidst the 1-3 per cent target band, is the news we’ve been waiting for. Inflation first broke out in 2021, with high interest rates following close behind. It’s taken less than a year of the new Government, one mini-budget, and one budget to get it under control. Now the way is clear for significant further rate cuts at the next Reserve Bank announcement on November 27.

    Unreported in New Zealand

    Last week, the Nobel Prize in economics was awarded to three economists, Acemoglu, Johnson, and Robinson “for studies of how institutions are formed and affect prosperity.” You won’t have read about this in the New Zealand press, besides syndicated cut and paste jobs, even though it is about colonisation, institutions, and prosperity.

    The official Nobel Citation says: The richest 20 per cent of the world’s countries are now around 30 times richer than the poorest 20 per cent. Moreover, the income gap between the richest and poorest countries is persistent; although the poorest countries have become richer, they are not catching up with the most prosperous. Why? This year’s laureates have found new and convincing evidence for one explanation for this persistent gap – differences in a society’s institutions.

    The economists studied many countries’ histories over the last 400 years, focusing on the influence of European countries that colonised most of the world. They conclude that what kind of set-up, or institutions, those colonising countries left has a strong bearing on the colonised countries’ prosperity today.

    They divide countries into two types. There are inclusive countries, that give people equal rights, to vote, own property, and operate under the rule of law. There are extractive countries, set up to extract natural resources and benefit a small number of people.

    The extractive countries tend to be the ones that weren’t very welcoming to colonisers, for example if there was a lot of malaria. In these cases, e.g. African ones, a small number of settlers arranged to get the wealth out of the ground, and that was about it.

    The alternative is inclusive countries, with free markets, the rule of law and democracy. The United States is the obvious example, along with Australia, New Zealand, and Canada. These countries attracted settlers in large numbers and there were too many of them to simply exploit natural resources. Instead they created inclusive institutions.

    There is a twist, an historic reversal of fortunes. The countries that were relatively poorer before colonisation, and ended up adopting more colonial institutions, are now relatively wealthier.

    Another important observation is that history is not static. Over time, countries liberalise. Colonial institutions were not set down in a state of perfection, far from it. But they were capable of improvement, widening voting rights, compensating for past wrongs, and enhancing civil liberties.

    You are probably starting to get a sense of why this work has not been discussed in the NZ Press. It finds that institutions matter if you want people to be prosperous. It doesn’t matter where you start, it’s where you finish that counts, and that depends on adopting the best institutions, democracy, the rule of law, property rights, free speech, and all of those values that allow people to flourish.

    No doubt New Zealand universities will be holding book burnings in case these Nobel Prize winners’ ideas make students ‘feel unsafe.’ The same institutions trained the journalists, which may be why there’s been so little discussion about this.

    Nonetheless, somewhere in our future is a country where free and open debate is not only allowed but cherished. It would be a country where we can discuss what works to create prosperity.

    The central lesson of these economists’ work is really that wealth is not given or taken, it is not ‘owned’ rightfully by any historic group. It can be created, to the point that everyone is richer than 200 years ago, but some people are 30 times richer. The trick is to adopt the right institutions, the policies that work, as quickly as possible, and those institutions are democracy, free markets, the rule of law, and equal rights for all.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Learner component – Unified Funding System

    Source: Tertiary Education Commission

    Last updated 22 October 2024
    Last updated 22 October 2024

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    The learner component is one of two funding components in DQ3-7.
    The learner component is one of two funding components in DQ3-7.

    For information on the other component, see: Delivery component – Unified Funding System.
    About the learner component
    The learner component substantially increases funding for providers to support all learners, particularly those who traditionally have not been well served by the education system. It recognises that there are higher costs involved in adapting education delivery and support to meet learners’ unique needs. The learner component supports providers to put learners at the centre of their organisations and to improve outcomes for learners.
    Providers decide how to spend the funding in a way that supports their learners’ needs while making progress towards the Minister’s priorities.
    Minister’s priorities for the learner component
    The Minister of Tertiary Education and Skills’ priorities for learner component funding are for TEOs to build capability and demonstrate how they will deliver results for all learners (including, where relevant, in supporting employers who deliver work-based learning) by committing to the priorities of the Tertiary Education Strategy.
    Over time, the Minister expects TEOs will develop capability and capacity so that learners:

    are well supported by TEOs and employers to enrol in VET qualifications, and
    have increased completion rates across all VET qualifications.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Release: Govt cuts school lunches even further

    Source: New Zealand Labour Party

    The Government has gone back on its word and cut the full school lunch programme in primary schools after saying it wouldn’t.

    “Teachers, parents and principals across the country were so relieved to hear primary schools would be able to continue serving lunches to their students, despite the ACT Party’s plan to scrap the programme,” Labour’s education spokesperson Jan Tinetti said.

    “Now David Seymour has managed get Cabinet to agree to not only downsize lunches for secondary students, but to do it for all students from years 0-13.

    A March Cabinet Paper told the Government changes to the school lunch programme would risk achievement, attendance, nutrition and wellbeing of children, as well as having wider impacts on reducing child poverty, and it has made these changes anyway.

    Naenae College reported it won’t be able to deliver the programme next year because the supplier was unable to provide meals under the new per-meal budget.

    “The Ministry of Education also earlier told the Government that $3 a day is not sufficient to feed secondary kids properly.

    “It’s baffling as to why Erica Stanford is letting David Seymour go ahead with these changes, given the evidence, reports from teachers, parents and principals about the benefits of the school lunch programme and all their talk about improving attendance.

    “A full tummy can make a real difference to a student’s learning and whether they are turning up to school.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Third man charged with murder of Darshak Narran

    Source: New Zealand Police (District News)

    Waikato Police have today charged a third person with the murder of Darshak Narran.

    A 23-year-old Papakura man will appear in the Manukau District Court tomorrow (23 October).

    Darshak, aged 43, was located with critical injuries on the roadside in the vicinity of the Hampton Downs Racetrack shortly after midnight on Monday 14 October.

    He subsequently died in Auckland Hospital.

    Police are not ruling out further arrests in relation to the assault on Darshak.

    ENDS

    Issued by Police Media Centre. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Search for missing man in Onerahi to resume tomorrow at first light

    Source: New Zealand Police (National News)

    The search for an 83-year-old man missing in Onerahi, Northland has concluded for the day.

    Today’s search included Police, LandSAR Northland, squads from Waipu Cove Surf Life Saving Club, Whangārei Heads Volunteer Surf Life Saving Patrol, and volunteers from Northland Coastguard Air Patrol and Coastguard Whangārei.

    The search for the missing man will resume again tomorrow at first light, and LandSAR Far North will be joining the search effort then as well.

    The missing man typically goes for a daily swim in the Whangārei Harbour and wears a wet suit and pink swim cap.

    He has not been seen since Saturday evening and was reported missing on Monday evening.

    If you have any information which could help in the search for the missing man, please update us online now or call 105.

    Please use the reference number 241021/1742.

    ENDS

    Issued by Police Media Centre. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: One southbound lane reopens on Auckland’s Southern Motorway

    Source: New Zealand Police (District News)

    One southbound lane has reopened on Auckland’s Southern Motorway, following an incident near the Penrose Road overbridge.

    There is significant traffic build-up due to the earlier closure of all southbound lanes.

    Motorists are asked to delay travel or take alternative routes where possible.

    ENDS

    Issued by Police Media Centre. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: All southbound lanes on Auckland’s Southern Motorway reopen

    Source: New Zealand Police (District News)

    All southbound lanes on Auckland’s Southern Motorway have reopened following an incident near the Penrose Road overbridge this afternoon.

    While the lanes have reopened, there is still significant traffic build-up following the earlier closure.

    Motorists should expect continued delays while the traffic build-up clears.

    ENDS

    Issued by Police Media Centre. 

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: Auction for Fong Ma Po New Year Fair stalls at Lam Tsuen in Tai Po to be held on November 4

    Source: Hong Kong Government special administrative region

         â€‹The Food and Environmental Hygiene Department (FEHD) announced today (October 22) that stalls at the 2025 Fong Ma Po (FMP) New Year Fair at Lam Tsuen in Tai Po will be put up for open auction on November 4 (Monday).

         â€‹A spokesman for the FEHD said the annual FMP New Year Fair will be held for 15 consecutive days from January 29 to February 12, 2025. A total of 22 dry goods stalls and six wet goods stalls will be put up for auction, with upset prices of $780 and $770 respectively. ​

         The auction will be held at the Assembly Hall, 2/F, Lai Chi Kok Government Offices, 19 Lai Wan Road, Lai Chi Kok, Kowloon, on November 4 (Monday), from 2pm until completion of the auction.

         Bidders for FMP New Year Fair stalls must be at least 18 years old and ordinarily reside in Hong Kong. Anyone can bid for more than one stall. A bidder must pay the bid price and register in person with his or her own name as the licensee of the stall immediately after successfully bidding for a stall. The bidder is also required to sign at once a licence agreement with the FEHD, or he/she will forfeit the rights to operate the stall.

         â€‹The FMP New Year Fair site will be made available to the licensees three days in advance of the fair (January 26 to 28, 2025) for the setting up of stalls. In the event of any unforeseeable incident that will cause shortening of the whole licence period (including the duration for setting up stalls and the business period of the fair), the Government has the right to postpone the commencement date and shorten the duration of the period. The bidding price (licence fee) paid will be refunded to the successful bidder on a pro-rata basis without interest.

         The FEHD reminded licensees that the stalls are solely for the purpose of selling and promoting the sale of the permitted commodities, and no other activities are allowed in the licensed area. If the FEHD considers that any activity conducted by the licensee to publicise, promote, display, show, sell or gift any permitted commodities in the venue is unlawful, contrary to the interest of national security, immoral or incompatible with the object of the FMP New Year Fair, the FEHD is entitled to direct the licensee to stop conducting such activities, and the licensee must immediately comply with the direction.

         Stall licensees should not destroy, damage or abandon any unsold commodities at or in the vicinity of the stall. They must completely remove the stall structure and all paraphernalia, together with all refuse, debris and unsold commodities (whether damaged or otherwise) from the licensed area before 6pm on February 12, 2025.

         According to the licence agreement, except inside designated stalls, licensees shall not keep, store or use any compressed helium cylinders in the licenced area. Whereas licensees of the designated stalls may keep, store or use helium cylinders in the licenced area, the quantity of helium should be such that a licence is not required pursuant to the Dangerous Goods (Application and Exemption) Regulation 2012 (Cap. 295E), i.e. no more than 150 litres (water capacity) of compressed helium. Sales of floating LED glowing balloons and aquarium fish by stall licensees are prohibited at the FMP Fair.

         In addition, as stated in the licence agreement, the height of dry goods stalls must not exceed 3 metres from ground level. The height of wet goods stalls must not exceed 4.5m from ground level. For wet goods stalls with a height of more than 3m from ground level, the licensee must, at his own costs, provide the FEHD with the original certificate issued by an authorised person, a registered structural engineer, or a competent person under the Construction Sites (Safety) Regulations (Cap. 59I) to certify the structural safety of the structure in the licensed area before the Fair is opened to the public. The licensee must also affix a copy of the aforesaid certificate on the structure of the stall.

         â€‹Successful bidders shall comply with all the stipulations and provisions as set out in the licence agreement. Otherwise, the FEHD is entitled to terminate the agreement and the licensee shall immediately vacate the stall.

         â€‹Details of the 2025 FMP New Year Fair, such as the public notice, the location and layout of the fair venue, commodities allowed for sale at the fair stalls, open auction arrangements and related rules, as well as a sample of the licence agreement, are available on the FEHD website (www.fehd.gov.hk). For enquiries, please call the FEHD’s Tai Po District Environmental Hygiene Office at 3183 9162 or 2657 1137.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: FS speaks at APEC meeting

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan speaks on various topics while attending day two of the APEC Finance Ministers’ Meeting (FMM) in Peru yesterday.

     

    The topics included global and regional economic and financial outlooks, sustainable finance, sustainable infrastructure, digital finance, and enhancing resilience against climate change.

     

    This year’s APEC FMM takes the theme of “Sustainable + Digital + Resilient = APEC.”

     

    In the session on global and regional economic and financial outlooks, Mr Chan shared the latest economic situation in Hong Kong and reiterated the city’s firm support for rules-based free trade and multilateralism.

     

    He pointed out that as a super connector, Hong Kong plays a bridging role between traditional and emerging markets, promoting the regional digital economy and innovative technology for better collective development.

     

    During the discussion session on sustainable finance and infrastructure, Mr Chan highlighted Hong Kong’s functions as an international financial centre, facilitating the effective matching of funds with green and infrastructure projects.

     

    He noted that through financial innovation and co-operation with international institutions, Hong Kong has been able to securitise infrastructure loans from various countries and issue catastrophe bonds, guiding more international capital to support projects in developing countries and helping them address climate challenges.

     

    He also shared updates and experience on Hong Kong’s efforts in advancing green and transition finance, including the release of a green taxonomy aligned with international standards and active participation in setting global green standards.

     

    Additionally, the Financial Secretary participated in discussions on digital finance at the FMM, sharing Hong Kong’s experiences in developing fintech and promoting inclusive finance, including how regulatory sandboxes encourage fintech innovation and the application of new technologies.

     

    He noted that Hong Kong’s robust and internationalised financial infrastructure, along with a balanced regulatory system that promotes security and innovation, is conducive to building a thriving fintech ecosystem.

     

    At a luncheon of the APEC Business Advisory Council, Mr Chan shared Hong Kong’s experiences on leveraging private market capital to better support sustainable infrastructure and climate change projects, as well as creating a more favourable environment for micro, small and medium enterprises to embrace digital finance.

     

    Furthermore, he exchanged views with representatives and business leaders from other economies.

     

    Also during the FMM, Mr Chan spent time meeting South Korea’s Deputy Prime Minister and Minister of Economy & Finance of the Republic of Korea Choi Sang-mok, and Vietnam’s Deputy Minister of Finance Vo Thanh Hung.

     

    In the evening, he departed Peru for the US city of New York where he plans to attend the Bloomberg Global Regulatory Forum today and deliver a speech.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Murphy, Young Urge President Biden To Protect Undersea Cables From China, Russia

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    October 21, 2024

    WASHINGTON—U.S. Senators Chris Murphy (D-Conn.) and Todd Young (R-Ind.), members of the U.S. Senate Foreign Relations Committee, on Monday led 6 of their Senate colleagues in sending a bipartisan letter to President Biden expressing concerns about the security of the global network of undersea communications and energy cables upon which American workers and businesses rely.
    More than 95% of international internet traffic travels via these undersea cables, resulting in trillions of dollars in financial transactions each day. The locations of these cables are often openly published to prevent accidental damage.
    As American companies look to expand and invest in this critical infrastructure, it is imperative that the United States has a complete understanding of existing vulnerabilities, especially those that impact our economic and national security.
    “America’s adversaries have been developing their capabilities to attack or disrupt critical undersea infrastructure. There is a long tradition, dating back well over a century, of belligerents attacking their opponents’ underwater communications lines in the first phase of a conflict,” the senators wrote. “Given these threats and challenges, it is imperative that the United States undertake a review of existing vulnerabilities to global undersea cable infrastructure, including the threat of sabotage by Russia as well as the growing role of the People’s Republic of China in cable laying and repair. If we are truly to deepen vital commercial and security relationships with willing partners and allies, this must be a national priority.”
    U.S. Senators Marco Rubio (R-Fla.), Tim Kaine (D-Va.), Pete Ricketts (R-Neb.), Jeanne Shaheen (D-N.H.), Dan Sullivan (R-Alaska), and Brian Schatz (D-Hawaii) also signed the letter.
    Full text of the letter is available HERE and below:
    Dear Mr. President: 
    We write to you to express our concern about the security of global undersea communications and energy cables, especially those that impact America’s economic and national security and that of our allies and partners. As you are well aware, more than 95% of international internet traffic travels via undersea cables, including trillions of dollars in financial transactions each day. Moreover, the exact locations of most of these cables are openly published in order to reduce the likelihood of accidental damage from ships’ anchors or fishing activities. Internet and telecommunications providers, including American firms, intend to invest billions of dollars in expanding the global network of undersea communications cables. Additionally, energy transmission cables are proliferating as governments look to new sources of electricity generation. 
    America’s adversaries have been developing their capabilities to attack or disrupt critical undersea infrastructure. There is a long tradition, dating back well over a century, of belligerents attacking their opponents’ underwater communications lines in the first phase of a conflict. For example, in both World Wars, Britain’s first naval actions were to cut the telegraph cables connecting Germany to the Americas, and in 1918 a German U-boat severed lines connecting New York to both Nova Scotia and Panama. In addition to this kind of overt, kinetic attack, the nature of undersea infrastructure increases the feasibility of gray zone actions with plausible deniability. It is difficult to distinguish between an accident and a deliberate action on the seabed, and more difficult still to confirm who conducted such an action. On top of this, because this infrastructure is privately owned by commercial enterprises, repairs are the responsibility of these private companies, which are likely not prepared to maintain them under wartime conditions and are likely to seek the most cost-effective repair and maintenance options—even if that option is owned or operated by a foreign adversary or strategic competitor. 
    Given these threats and challenges, it is imperative that the United States undertake a review of existing vulnerabilities to global undersea cable infrastructure, including the threat of sabotage by Russia as well as the growing role of the People’s Republic of China in cable laying and repair. If we are truly to deepen vital commercial and security relationships with willing partners and allies, this must be a national priority. We respectfully request that you provide responses to the following questions and direct senior administration officials to brief Members of Congress, including members of relevant committees of jurisdiction, on your plans and the resources and authorities needed to carry them out.
    What is your Administration’s overall strategy to guarantee the security of America’s undersea infrastructure and to promote the security of that of our allies and partners? 
    The National Defense Authorization Act for Fiscal Year 2020 established the Cable Security Fleet (CSF). If authorized and sufficiently funded, what would be your assessment of the ideal size of the U.S.-flagged and -operated cable laying and repair vessel fleet to ensure sufficient cable repair capacity during a conflict or national emergency? How can the United States work with trusted allies and partners for additional capacity to support the expansion and repair of trusted undersea cable networks? 
    What is the Administration’s strategy to encourage other nations to choose trusted suppliers in their selection of undersea cable manufacturers, particularly in any nation of concern or which may be vulnerable to coercion or covert action by America’s adversaries? 
    How is the Administration working with the private sector to ensure that commercial enterprises’ investments in undersea cables align with U.S. national security priorities? 
    How do you intend to protect the physical security of undersea cables in the open ocean, including through any interpretation of customary international law? 
    How is the Administration working multilaterally to collectively enhance security and monitor potential threats to undersea infrastructure, including through NATO, the Quad, and the Indo-Pacific Economic Framework for Prosperity? 
    Thank you for your prompt attention to this request. As Congress works to continue its oversight of national security, it is vital that we understand the current state of the information backbone of our economy and efforts to protect it. 
    Sincerely, 

    MIL OSI USA News

  • MIL-OSI United Nations: Readout of the Secretary-General’s meeting with H.E. Mr. Thongloun Sisoulith, President of the Lao People’s Democratic Republic

    Source: United Nations secretary general

    The Secretary-General met with H.E. Mr. Thongloun Sisoulith, President of the Lao PDR in Vientiane on the sidelines of the ASEAN-UN summit.
     
    The Secretary-General and the President discussed the close cooperation between the United Nations and the Lao PDR. The Secretary-General reiterated the support of the United Nations to the Lao PDR, including on its path to sustainable development.
     
    They also discussed the ASEAN-UN partnership, as well as the implementation of the Pact of the Future.
     
     
     
     
     

    MIL OSI United Nations News

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Praise Japan for Criminalising Non-Consensual Sexual Intercourse, Ask about Women’s Representation in Public and Private Bodies and the Single Surname System for Married Couples

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today considered the ninth periodic report of Japan, with Committee Experts praising the State’s revision of legislation on rape to criminalise non-consensual sexual intercourse, and raising questions about women’s representation in public and private bodies and the single surname system for married couples.

    Bandana Rana, Committee Expert and Rapporteur for Japan, commended the State party for redefining rape as “non-consensual sexual intercourse” and for raising the age of consent to 16.

    Ms. Rana noted, however, that Japan had been ranked one hundred and twenty-fifth globally in terms of gender equality, due to, among other factors, the low level of women’s representation in government and deeply rooted gender stereotypes that hampered women’s standing.  The State party needed to address these issues, she said.

    Several Committee Experts raised concerns regarding women’s representation in public and private bodies.  One Expert noted that the number of women representatives in government had decreased recently, and that only around 0.8 per cent of company chief executive officers and 7.1 per cent of senior diplomats were women.  How would the State party improve female representation?

    A Committee Expert noted that 94.7 per cent of women adopted their husband’s surname under the current single surname system.  This had negative impacts on their identity and employment.  What were the prospects of reforming the law to allow for a dual surname system?

    Introducing the report, Keiko Okada, Director-General, Gender Equality Bureau, Cabinet Office of Japan and head of the delegation, said revisions to the Penal Code in 2023 clarified that non-consensual sexual acts constituted crimes regardless of marital status and raised the age of sexual consent from 13 to 16.  Multiple other laws addressing sexual violence, including against children, had also been enacted.

    Ms. Okada said the Government aimed to increase the percentage of women among candidates for the House of Representatives and the House of Councillors to 35 per cent by 2025.  The Act on Promotion of Women’s Participation and Advancement in the Workplace made it obligatory for national and local governments to set targets for women’s representation and make information about women’s participation publicly available. 

    The delegation added that companies with 301 employees or more were obliged to develop action plans on promoting women’s participation and publish statistics on women’s representation in workforces, and there were plans to extend this obligation to companies with 101 employees or more. There had been a gradual increase in women’s representation in managerial positions in private companies in recent years.

    Ms. Okada also said public opinion in Japan varied greatly regarding separate surnames for married couples.  The Government would proceed with deliberations on the introduction of such a system while closely monitoring public opinion. It was raising awareness that former surnames could be recorded alongside formal surnames on many official documents.

    In closing remarks, Ms. Okada said the delegation had engaged sincerely in the dialogue.  It hoped that the responses it had provided would be useful for the Committee.

    Ana Peláez Narváez, Committee Chair, in her concluding remarks, said that the dialogue had provided further insight into the situation of women in Japan. The Committee encouraged the State party to undertake further efforts to implement the Convention more comprehensively for the benefit of all women and girls in the State.

    The delegation of Japan consisted of representatives from the Cabinet Office; Cabinet Secretariat; National Police Agency; Children and Families Agency; Ministry of Justice; Ministry of Foreign Affairs; Ministry of Education, Culture, Sports, Science and Technology; Ministry of Health, Labour, and Welfare; and the Permanent Mission of Japan to the United Nations Office at Geneva.

    The Committee will issue concluding observations on the report of Japan at the end of its eighty-ninth session on 25 October.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 10 a.m. on Friday, 18 October to consider the ninth periodic report of Cuba (CEDAW/C/CUB/9).

    Report

    The Committee has before it the ninth periodic report of Japan (CEDAW/C/JPN/9).

    Presentation of Report

    KEIKO OKADA, Director-General, Gender Equality Bureau, Cabinet Office of Japan and head of the delegation, said that for nearly 40 years since ratifying the Convention in 1985, Japan had committed itself to implementing gender equality measures with the aim of eliminating discrimination against women both in its legislation and in practice.

    Following Committee recommendations, a bill to revise the Civil Code to make the minimum legal age of marriage the same for men and women was enacted in 2018 and took effect in 2022.  Another revision to the Civil Code enacted in 2022 abolished the waiting period for women to remarry after divorce.  This took effect in 2024.

    Public opinion in Japan varied greatly regarding separate surnames for married couples. The Fifth Basic Plan for Gender Equality stated that the Government would proceed with deliberations on the introduction of such a system while closely monitoring public opinion and developments in the National Diet’s discussion on the matter.  The Government was committed to expanding the use of former surnames; it was raising awareness that former surnames could be recorded alongside formal surnames on many official documents.

    The Hate Speech Elimination Act, the Act on the Promotion of the Elimination of Buraku Discrimination, and the Act on Promoting Measures for the Ainu People all incorporated the principle that discrimination was unacceptable, while the Basic Plan on Human Rights Education and Human Rights Awareness-Raising promoted human rights education and awareness-raising, identifying issues concerning women, the Buraku community, the Ainu people, and foreign nationals.  The content of the Plan was now being reviewed to address emerging issues.

    Revisions to the Penal Code in 2023 introduced crimes of “penetrative sexual assault” and “indecent assault”; clarified that non-consensual sexual acts constituted crimes regardless of marital status; raised the age of sexual consent from 13 to 16; criminalised requesting or engaging in a meeting with a child aged 15 or under for the purpose of an indecent act; and extended the statute of limitations for prosecuting sexual crimes.  Multiple other laws had also been enacted, including acts establishing the crime of non-consensual recording of a sexual image, preventing harm as a result of performing in sexually explicit videos, and stipulating measures to prevent sexual violence against children in schools and childcare providers. As of 2023, courts were able to issue orders banning spouses, including same-sex spouses, from approaching victims not only in cases of physical violence, but also in cases of non-physical acts causing psychological harm.  A 2022 law also stipulated comprehensive provision of a wide range of assistance for women victims of violence.

    Following 2019 legislation, a lump-sum payment of 3.2 million yen was provided to people with disabilities who underwent forced surgeries or other sterilization procedures. As of 2024, 1,129 claimants, including 817 women, had been approved for receipt of such payments.  In July 2024, the Supreme Court ruled that the provisions of the now-defunct Eugenic Protection Act relating to sterilization surgeries were unconstitutional.  The Prime Minister subsequently apologised on behalf of the Government for its role in enforcing the Act.  In September 2024, a “Basic Agreement” was signed with stakeholders aiming for a comprehensive solution to the issues of the now-defunct Eugenic Protection Act. The Diet also passed and enacted a bill on payment of compensation to persons who underwent eugenic surgery in October 2024.

    Following another Committee recommendation, Japan enacted and enforced domestic legislation to give effect to the United Nations Convention against Transnational Organized Crime and its supplementary protocol on trafficking in persons in 2017.

    In June 2021, measures to combat sexual harassment and harassment related to pregnancy and childbirth were made mandatory.  The Government aimed to increase the percentage of women among candidates for the House of Representatives and the House of Councillors to 35 per cent by 2025. The Act on Promotion of Women’s Participation and Advancement in the Workplace made it obligatory for national and local governments to set targets for women’s representation, formulate action plans comprising measures to achieve their targets, and make information about women’s participation publicly available.

    The Government aimed to ensure that by 2031, 40 per cent of single-parent households received child support, and that 70 per cent of single-parent households that had a child support agreement received it.  Revisions to the Civil Code in May 2024 introduced a statutory child support system that enabled a parent who lived with a child to claim child support from the parent who lived separately.  The revisions updated provisions relating to child support, parental responsibility and custody, making it possible for both parents to be designated as having parental responsibility following divorce.  Sole parental responsibility was always mandated in potential cases of child abuse, domestic violence, or other potential harm.

    Following the Committee’s recommendations, the Government had revised legislation to make it obligatory for employers with 301 or more regularly employed workers to make information about the gender wage gap publicly available.  The Government also offered a consultation service to help companies analyse the factors and reduce gender wage gaps and was promoting the use of digital tools to help companies calculate those gaps.  Local and national governments were also required to make information on gender wage gaps for all their agencies publicly available.

    The Act on Childcare and Family Care Leave was revised in June 2021, creating a parental leave system that allowed fathers to take leave twice, up to a maximum total of four weeks, within the first eight weeks after the birth of their child. Employers with more than 300 employees were required to make uptake rates of parental leave publicly available. Employers were also required to provide flexible ways of working for workers with preschool age children. Legislation was revised to allow employees who took childcare leave for 14 days or more to receive 80 per cent of their pre-leave pay for 28 days.

    ATSUYUKI OIKE, Permanent Representative of Japan to the United Nations Office at Geneva, said Japan had successfully formulated three national action plans on women, peace and security and was eagerly ensuring cross-cutting intergovernmental coordination.  Bodies promoting women, peace and security were established within the Ministry of Foreign Affairs and the Ministry of Defence.  Japan was currently implementing 57 projects across the globe, contributing to promoting the women, peace and security agenda in Asia, Africa and Latin America.  In 2025, Japan would assume the role of Co-Chair of the Women, Peace and Security Focal Points Network; it would make every effort to advance the agenda internationally.

    Questions by Committee Experts 

    BANDANA RANA, Committee Expert and Rapporteur for Japan, commended Japan for its efforts since its last report.  Ms. Rana said that Hiroko Akizuki, the Committee’s Vice-Chair, made valuable contributions to the Committee.  Japan was also congratulated for being nominated as the Co-Chair of the Women, Peace and Security Focal Points Network for 2025.

    Challenges remained for fully achieving gender equality.  Japan had been ranked one hundred and twenty fifth globally in terms of gender equality, due to, among other factors, the low level of women’s representation in government and deeply rooted gender stereotypes that hampered women’s standing.  The State party needed to address these issues.

    Ms. Rana commended the State party for redefining rape as “non-consensual sexual intercourse” and for raising the age of consent to 16.  There was a lack of enforcement of gender equality legislation, leading gender gaps and discriminatory practices to persist.  What legal complaint mechanisms were in place for women who faced discrimination and how was the State party raising awareness of these mechanisms?

    Ms. Rana commended the State party on adopting several laws that addressed discrimination.  There was no definition of intersectional discrimination in legislation.  Would the State party adopt such a definition?  What was the status of efforts to ratify the Convention’s Optional Protocol?

    Japan’s Basic Plan for Gender Equality lacked concrete commitments to address structural barriers for women. How would the State party address the shortcomings in the Plan?

    International treaties had the same effect as domestic legislation in Japan, but courts reportedly rarely applied the Convention.  There were commendable training programmes for judges on the Convention.  How would the State party further promote implementation and awareness of the Convention?

    A Committee Expert commended Japan on its stand on lethal autonomous weapons systems, which was in line with the Committee’s general recommendation 30.

    Responses by the Delegation

    The delegation said that under the Constitution and domestic laws, gender-based discrimination was prohibited. The Fifth Basic Plan on Gender Equality called on the Government to raise awareness about remedy mechanisms available to the public.  The plan would run until the end of 2025.  Consideration of the next plan would begin at a later stage.

    Japan was taking into consideration various issues, including organisational frameworks, in its deliberations on ratifying the Optional Protocol, and would seriously consider ratifying it soon.

    All international human rights treaties ratified by Japan had the same effect as domestic law, and were referred to when necessary in courts.  The Convention attached rights and obligations to the State party, not individuals.  The Legal Training and Research Institute trained judges each year on human rights issues.  Prosecutors also received training on international conventions. 

    Non-governmental organizations had contributed to the State party’s policies on gender; women, peace and security; and to drafting the State party’s report.

    Questions by Committee Experts 

    A Committee Expert said Japan had created shelters and strong policies to address human trafficking.  There were problems in the State party’s measures to address trafficking, which had not changed in the last five years and did not cover the whole country.  What was the role of women in the peacebuilding process in Japan?  Had the Diet implemented gender budgeting?  Would the State party develop an independent national human rights institute for the benefit of women?  Japan needed to provide increased support for non-governmental organizations.

    Another Committee Expert acknowledged legislative measures to promote women’s participation in public life.  The Basic Plan for Gender Equality set targets to increase women’s representation in political bodies, disaster management bodies, and leadership positions to 30 per cent.  Other countries of similar economic capacity were seeking to achieve parity, so it was disappointing that these modest targets had not been reached.  What progress had been made in achieving the targets in the Plan?  Would the State party adopt temporary special measures to reduce the fee of three million yen required for running for political office?  Were there temporary special measures targeting Buraku women and women with disabilities?  The Expert congratulated Nihon Hidankyo on receiving the 2024 Nobel Peace Prize and asked how the Government was supporting women hibakusha and women and girls affected by the Fukushima Daiichi nuclear disaster.

    Responses by the Delegation

    The delegation said Japan had 10 women ambassadors and six general counsels who were women.  Forty per cent of Foreign Ministry employees were women, and this percentage was expected to increase.

    The Government had announced preventative measures to address sexual abuse by United States forces in Okinawa.  A new forum had been established between the military and residents of Okinawa.  Japan had primary jurisdiction over offences committed by military personnel.

    National and regional legal affairs bureaus had staff members that received complaints of human rights violations from women. There had been a significant increase in the budget promoting gender equality in recent years.  The Government’s 2024 budget included investments of 10.6 trillion yen in gender policies.

    The Government was working to promote the participation of women with disabilities in decision-making processes.  The Government had a policy committee for persons with disabilities; 40 per cent of its members were women with disabilities. The central government mandated local governments to formulate plans supporting persons with disabilities.

    The Convention did not apply to the period of the Second World War.  However, Japan had legally concluded all claims and property issues related to comfort women.  It had also established a fund that provided atonement for former comfort women, who were also sent letters of apology by the Prime Minister.  Meetings had been conducted with former comfort women.  The Government had also significantly invested in a healing foundation for comfort women and provided direct support to 65 surviving comfort women.

    Some women who had evacuated Fukushima after the nuclear incident had returned.  Experts monitored the health impact of radioactive material and were providing accurate information on risks to residents.

    Questions by Committee Experts

    A Committee Expert said the State party was promoting awareness of unconscious gender bias, but patriarchal attitudes continued to be present in various aspects of life.  How did the Government measure the effectiveness of awareness activities? Would the State party consider policies to counter gender stereotyping at all levels, which appeared to be normalised in society?  How would the State party prohibit discriminatory remarks by politicians?

    How could rape be prosecuted without accusation from victims? There were reports that perpetrators of offences by United States military personnel in Okinawa against women were not brought to justice.  How was the State party addressing this?  Could the State party provide data on arrests, prosecutions and convictions?

    Resource allocations to enforce prevention of spousal violence were reportedly insufficient.  Would the State party consider revising legislation to address coercion and psychological violence?  How was it building the capacity of the judiciary related to their understanding of gender-based violence?  How were shelters for victims of domestic violence being funded?  Was there a level of awareness amongst women regarding new legislation on non-consensual sex and their right to refuse sex?

    BANDANA RANA, Committee Expert and Rapporteur for Japan, commended the 2014 national action plan to combat trafficking in persons and the establishment of the council to combat trafficking in persons.  What measures were in place to improve identification mechanisms for victims of trafficking?  Current legal provisions did not fully encompass non-coercive forms of trafficking. How would this be addressed? Labour trafficking remained significantly underreported.  How would the State party secure convictions in trafficking cases and enhance cross-border cooperation to ensure the safe return of trafficking victims? Victimisation of girls persisted in the online sphere through child prostitution and pornography.  How was this being addressed?  Did programmes to prevent trafficking reach rural areas? What measures were in place to prevent the trafficking of young women and girls forced into prostitution by economic hardship?

    The Committee acknowledged efforts made by Japan to address the comfort women issue.  These steps needed to be sustained and enhanced to ensure the rights of victims to truth, justice and reparation.

    ANA PELÁEZ NARVÁEZ, Committee Chair, asked how legislation addressed sexual acts against persons who could not give consent, such as children and persons with disabilities.

    Responses by the Delegation

    The delegation said that the Cabinet Office had conducted surveys in 2021 and 2022 that revealed unconscious bias related to gender.  It had since implemented various measures to promote awareness of unconscious bias in government and society.  The Act on Promotion of Gender Equality in the Political Field required political bodies to implement training to prevent sexual harassment against persons holding public office.  Individual cases of harassment were handled according to the law.

    In 2023, the Penal Code was revised to specify that non-consensual sexual relations were prohibited in all situations. Information had been posted on Government websites, and leaflets and posters had been created, informing women and girls about the new legislation.  Lectures on the new law had also been provided for staff at one-stop support centres.  Persons who had sex with persons who could not give consent due to a disability or other factors were punished under the law.

    A victim-centred approach was taken to addressing the issue of sexual abuse by military personnel against women in Okinawa. Suspects were held by the military until the Japanese Government indicted them.  The Government was committed to holding all perpetrators accountable.  There were three arrests of United States forces for non-consensual sex with women and one arrest for indecent assault.

    The Act against Sexual Violence was amended in 2023 to address threats of violence and extend restraining orders for perpetrators of domestic violence.  The Legal Training and Research Institute had conducted training on domestic violence for family court clecks and investigators.  Courts could order prohibition of repeated phone calls to victims. Forty-seven publicly run shelters were provided for victims of sexual and gender-based violence, and the Government also supported privately run shelters.  Livelihood support was provided for victims, as was education support for their children.  In 2023, 1,100 protection orders were issued by courts.

    In 2022, the Government introduced an action plan on trafficking in persons, which promoted the identification and support of victims. After 2022, Japan had been attending the meetings of the Bali Process and contributing funds to the International Organization for Migration to promote awareness of trafficking and voluntary returns of victims.  Japan had supported the return of over 600 victims.  The Japan Coast Guard conducted inspections of vessels and took protective measures if there were suspicions of trafficking.  The Immigration Services Agency investigated whether asylum seekers were victims of trafficking.  Residence visas could be issued to persons found to be victims.  The Agency provided consultations and information on trafficking in persons in multiple languages, and victim protection services through regional contact points.  The police had also been trained in identifying victims of trafficking.

    Legislation had been enacted to address online child pornography and child prostitution.  Persons who distributed child pornography were prosecuted under this legislation.

    Japan aimed to lead global efforts to prevent gender-based violence.  It was providing financial contributions to organizations supporting women affected by conflict and was conducting awareness raising campaigns to prevent such incidents.

    Questions by Committee Experts

    A Committee Expert commended efforts to remove barriers to female political representation in Japan.  It was concerning that the number of women representatives in government had decreased recently.  Only around 0.8 per cent of company chief executive officers were women, there were only two female justices in the Supreme Court, and only 7.1 per cent of senior diplomats were women.  How would the State party improve female representation in these areas? Would it implement penalties or incentives to improve female representation?

    Another Committee Expert said that mixed nationality couples and single foreign parents had issues with passing nationality onto their children.  Did children of mixed couples obtain Japanese nationality upon birth, regardless of the marital status of their parents? Could more detail be provided about changes in the nationality law in 2024?  Children of foreign nationals born in Japan were not granted Japanese nationality and foreign residents were not allowed the right to vote.  Could they be appointed to government positions?  Was there a complaints mechanism for denied nationality applications?

    Responses by the Delegation

    The delegation said the Basic Act for Gender Equality called on the Government to pursue affirmative actions to promote gender equality.  It set numerical targets for women’s representation and measures were developed to achieve those targets.  Numerical targets had been set for the representation of women in private sector companies.  More than half of new employees of the Foreign Ministry were women.  Currently, the Supreme Court had three women judges, meaning 20 per cent of its judges were women.  The Government was exerting efforts to increase the representation of women in the judiciary.  Companies with more than 301 employees were obliged to develop action plans on promoting women’s participation and publish statistics on women’s representation in their workforces, and there were plans to extend this obligation to companies with more than 101 employees.  There had been a gradual increase in women’s representation in managerial positions in private companies in recent years.

    The 2024 revision to the law on nationality was enacted to ensure that nationality was not granted when false claims were made by applicants.  There was no specific complaint mechanism related to obtaining nationality. Nationality could be obtained through naturalisation and other means.

    Questions by Committee Experts

    BANDANA RANA, Committee Expert and Rapporteur for Japan, said that Japan was one of the world’s largest donors to international efforts promoting gender equality.  How would the State party promote women’s participation in peace negotiations?

    Another Committee Expert said horizontal segregation persisted in Japan.  The share of female students in physical science education was 15 per cent, and around 10 per cent in engineering education. Women professors made up around 17 per cent of professors in universities.  Would the State party introduce temporary special measures to address these issues?  Why were many female lecturers hired in temporary positions?  How was the State party encouraging women to become doctors?

    How did the State party ensure standardisation and the accuracy of information in history textbooks?  How many male teachers were there in primary schools?  What measures were in place to improve the working environment for women teachers?  Did teacher training address verbal and psychological violence?  Would the State party adopt Convention standards related to sexual education?  What measures were in place to address bullying against lesbian, gay, bisexual, transgender and intersex children and children from non-conventional families?

    A Committee Expert said the Penal Code had recently been revised to address online insults; how many cases of online insults had since been prosecuted?  Marginalised women experienced disproportionate levels of workplace harassment.  The gender wage gap was wide, at 23 per cent, and there was a large proportion of unemployed work-age women.  What measures were in place to address these issues?  Most women worked in irregular employment positions; would the State party consider requiring companies to report on the percentage of women in such positions?  What protections were available for workplace harassment of whistle-blowers?  The Convention needed to be upheld in Supreme Court deliberations regarding selective surnames for women.

    Responses by the Delegation

    The delegation said that in 2023, Japan positioned gender mainstreaming as an important part of official development assistance.  It was promoting women’s empowerment through foreign policies. Wide-ranging discussions were held on the empowerment of women at the G-7 as a part of gender mainstreaming efforts. Women were encouraged to participate in humanitarian aid activities.

    Under the fifth Basic Plan for Gender Equality, there was a target for increasing women and girls’ participation in science, technology, engineering and maths education.  Women’s participation in this education had gone up this year.  The Government was also promoting diversity among university students and supporting women studying science, technology, engineering and maths subjects through scholarships.  It also awarded universities that took positive measures to enrol women students and was distributing increased funding for universities that employed high percentages of women professors and women in leadership positions.  The Government was supporting women to return to work in research after childbirth.  It found that there had been discrimination against women in three medical schools’ entrance examinations.  Measures had been taken to ban such discrimination and prevent its recurrence.

    The Government had national curriculum standards that textbook publishers needed to adhere to.  School textbooks promoted harmony between students and provided education on gender equality.  In the authorisation process, academic and other experts assessed draft textbooks created by private sector companies to ensure that they explicitly promoted gender equality.

    Overtime payment was not provided to teachers, but teachers’ salaries were adjusted based on the amount of work they conducted.  The Government was trying to reduce working hours for teachers by hiring additional teachers and implementing other measures. Teacher training covered respect for human rights and support for students of diverse backgrounds.

    Bullying, including of lesbian, gay, bisexual, transgender and intersex children, was not tolerated in schools.  Psychological health surveys and individual support teams were employed to respond quickly to school bullying, and guidelines were being revised to strengthen responses to bullying.  A policy to address deep-fake pornography was included in the Basic Plan for Gender Equality.

    Employers were not allowed to select employees based on weight, height or physical strength, or based on their ethnic background or belief. Each public and private entity had a quota for employment of persons with disabilities.  This had led to increased employment of such persons.  A workplace diversity promotion project was launched in 2019.  Companies that actively employed women were certified and provided with tax incentives. The Government, over the next three years, would introduce measures to support women’s employment in the digital field.  There were 73 prosecutions involving insults in 2023.

    Questions by Committee Experts

    A Committee Expert said the Equal Employment Act did not recognise discrimination based on pregnancy, rural background or age. Would the State party amend this legislation?  More than 50 per cent of female workers were in temporary positions.  This needed to be addressed.  The 2025 World Expo was an opportunity to showcase that the future of work was female.

    Another Committee Expert asked about the slow pace of dismantling single-sex schools, which validated differences between the sexes.  What timeline did the Government have to achieve this?  What reparation had been provided to women who had been denied admission to medical schools due to discrimination?  How would the State party address negative comments by authorities related to reproductive education?

    A Committee Expert said a 2023 Government pilot had made emergency contraception pills available in pharmacies.  Would this pilot project be made permanent, and would contraception be provided to persons under 18?  Women in Japan had to get consent from spouses to seek abortions.  There were even cases where single women had had to seek permission from partners to obtain abortions.  Would the Government remove this requirement?  Only around three per cent of clinics offered abortion pills that were as expensive as other abortion procedures and needed to be taken in front of medical staff.  What measures were in place to increase access to abortion pills and to allow women to take these pills at home?

    The Committee commended the Government for apologising for the sterilisation of persons with disabilities conducted under the former eugenic protection law and for committing to provide compensation to victims. What reproductive rights did women with disabilities currently have?  What progress had been made in reducing per- and polyfluoroalkyl substances in water supplies, which were harmful for pregnant women?

    Another Committee Expert commended the revised Pension Act and support provided for start-ups created by women.  Around 15 per cent of women in Japan lived below the poverty line. Women in part-time work lacked adequate safety nets to keep them from poverty.  What measures were in place to further extend women’s access to employment opportunities and low-interest credit?  How would the State party address the gender digital skills gap? Were there financial literacy programmes for women in rural areas?  What percentage of the social security budget was devoted to older women, women with disabilities, foreign students and rural women workers?  Had the State party considered reforms that would establish guaranteed pensions for all individuals and family benefits for women with children classified as “illegitimate”?  How was the State party promoting women’s participation in sports and cultural programmes?

    Responses by the Delegation

    The delegation said the Government would continue to consider expanding the scope of legislation on indirect discrimination in recruitment, considering societal attitudes.  Japan’s efforts to promote women’s empowerment would be showcased at World Expo 2025. 

    Japan had no plans to dismantle single-sex schools.  Schools and boards of education made decisions related to single-sex education in individual schools.  Sexual and reproductive education called on students to respect the opposite gender and to make informed decisions regarding sexual activities.

    A trial was being conducted on the sale of emergency contraception pills at pharmacies and a research project on the provision of the abortion pill at medical clinics had been concluded this year.  The Government would analyse their results.  Male spouses needed to permit pregnant women to seek abortions, except in cases of domestic abuse or for unmarried mothers. The Government would deepen social discussions on this issue.

    The Government had developed a plan for promoting female digital talent; it was expanding opportunities for female high school and university students to receive education on programming.  The Government provided loans to female entrepreneurs who had difficulties obtaining funds and was collecting statistics on the number of start-ups created by women.  Seminars had been conducted to promote capacity building for women entrepreneurs.

    In 2022, the Government published cross-sectoral guidelines on business and human rights.  It would continue to study the possibility of future laws on human rights due diligence.

    The average monthly pension as of 2022 was 58,000 yen for men and 54,000 yen for women.  There was no gender gap in the system itself; the difference was due to gaps in work style between men and women.  Japan had a universal pension system.  The Government would expand the scope of employees qualified to receive pensions and would provide additional support to elderly women recipients of pensions.

    Questions by Committee Experts

    A Committee Expert asked about the timeline for the trial of emergency contraception, and asked whether the Government would change legislation to remove the requirement for people who wished to change genders to be sterilised.  It was extraordinary that women in Japan needed to get permission from spouses to obtain abortions, except in cases of divorce, domestic violence or death of spouses. Would the State party revise this?

    Another Committee Expert asked about the number of female beneficiaries of financial loans.  How would the State party provide pension coverage for all vulnerable groups, including women not in employment, education or training?

    Responses by the Delegation

    The delegation said it was currently difficult to indicate a timeline for the trial of emergency contraception, but the Government would continue to consider this.

    The poverty rate was higher for females than for males. To address this, a supplementary pension benefit was provided for low-income households.

    The Government provided various sporting opportunities for women and was promoting women’s participation in governance of sporting organizations.  A plan had been adopted that promoted women’s participation in cultural activities.

    Questions by Committee Experts

    BANDANA RANA, Committee Expert and Rapporteur for Japan, commended plans to support land ownership for rural women.  Rural women lacked access to adequate social benefits such as maternity and sickness leave. How would the State party address this? 

    Ms. Rana welcomed inspections that had led to the detection of abuse of migrant technical intern trainees.  However, migrant women workers continued to face discrimination, threats of repatriation abroad, and poor working conditions.  How was the State party addressing these issues?  What measures were in place to address barriers to accessing health care for women with disabilities?

    Women’s representation in climate change decision making was low.  How would the Government address this, and ensure that extraterritorial investments protected women’s rights?  How would the State party take responsibility for monitoring nuclear standards with regards to the dumping of nuclear treatment water into the ocean?

    Another Committee Expert said that 94.7 per cent of women adopted their husband’s surname under the current single surname system.  This had negative impacts on their identity and employment. What were the prospects of reforming the law to allow for a dual surname system?

    What measures were in place to address the impact of discriminatory practices against children born out of wedlock?  There were barriers to women accessing assets in divorce settlements.  How was the Government working to train the judiciary on these issues so that justice could be imparted with a gender perspective?  How would it protect victims of family violence after the introduction of joint custody decisions?  Were there plans to increase court resources for this purpose?  Would the State party allow for adoption by same-sex couples?  The Committee suggested that the State party consider establishing equality between men and women regarding the appointment of female emperors.

    Responses by the Delegation

    The delegation said foreigners could be appointed to certain public servant positions, but not all positions.  In 2022, several thousands of inspections were carried out under the technical intern trainee law, which had identified human rights violations.  Employers that violated migrant workers’ rights were sanctioned.

    The Ministry of Environment was actively employing women. Discharged water from the Fukushima Daiichi nuclear plant was not contaminated with nuclear material.  The International Atomic Energy Agency had determined that the radiation impact of this water was negligible and that the disposal of this water into the ocean was safe.

    Opinions were mixed regarding selective separate surnames. The Government was offering information to deepen debate on the topic in the public and in the Diet.

    The best interests of the child needed to be considered regarding visitation rights for parents.  The revision of legislation on visitation did not harm the rights of children. In 2024, the Civil Code was revised to promote the separation of property after divorces.  The period in which claims could be made to family courts were extended from two to five years.  The revised law promoted the fair division of property.

    It was not appropriate for the Committee to raise the issue of revising the system of succession to the Imperial Throne of Japan.

    Questions by Committee Experts

    ANA PELÁEZ NARVÁEZ, Committee Chair, said that the Committee had capacity to raise relevant questions regarding equality between men and women, including regarding succession to the throne.  This was a topic that was directly relevant to the Convention.

    A Committee Expert welcomed that the Government had removed a policy offering grants to women to move away from Tokyo to get married. What was the level of engagement of women in policy making such as this?

    Another Committee Expert asked about efforts to ensure that family law included a gender perspective.

    Responses by the Delegation

    The delegation said the Japanese Government had set targets regarding the percentage of per- and polyfluoroalkyl substances in drinking water.  There had been no reports of health issues related to levels of these substances, but monitoring of water resources would continue to ensure the safety of the public.

    The Government would continue to support the capacity building efforts of family courts.  It was providing information about women’s ability to use maiden names to apply for certain State services.

    Concluding Remarks

    KEIKO OKADA, Director-General, Gender Equality Bureau, Cabinet Office of Japan and head of the delegation, said the delegation had engaged sincerely in the dialogue.  It hoped that the responses it had provided would be useful for the Committee.

    ANA PELÁEZ NARVÁEZ, Committee Chair, said that the dialogue had provided further insight into the situation of women in Japan.  The Committee encouraged the State party to undertake further efforts to implement the Convention more comprehensively for the benefit of all women and girls in the State.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CEDAW24.030E

    MIL OSI United Nations News

  • MIL-OSI: Exosens announces agreement to acquire NVLS (Night Vision Laser Spain), specialist in night vision equipment

    Source: GlobeNewswire (MIL-OSI)

    EXOSENS ANNOUNCES AGREEMENT TO ACQUIRE NVLS (NIGHT VISION LASER SPAIN), SPECIALIST IN NIGHT VISION EQUIPMENT

    PRESS RELEASE
    MÉRIGNAC, FRANCE– MADRID, SPAIN, OCTOBER, 22nd 2024

    • Exosens announces having reached a definitive agreement to acquire Spanish-based NVLS, a specialist in night vision equipment, widening its optical and mechanical deep know-how
    • This acquisition will enable NVLS to develop its business in Spain, Latin America and Asia and will contribute to providing enhanced night vision solutions to Armed Forces.

    Exosens, a high-tech company focused on providing mission and performance-critical amplification, detection and imaging technology, today announces the signing of the acquisition of Spain-based company NVLS, a specialist developer and manufacturer of man-portable night vision and thermal devices.

    “With the acquisition of NVLS, we will enhance our long-term innovation capabilities for multi-sensor platforms using detectors and cameras made by Exosens.

    Serving and delivering large volumes of high-performance image intensifiers to all our customers and end-users remain our priority in the years to come. We are committed to our customers to maintain the same high level of service and support that we have thrived to constantly deliver as the reference ITAR-free image intensifier tube provider».” commented Jérôme Cerisier, CEO of Exosens.

    NVLS, based in Spain with 63 employees, has developed a strong expertise in the field of man-portable night vision equipment, offering ultra-compact large field of view devices that provide enhanced visibility for land and aviation missions. These devices have been introduced as the new standards within the Spanish Armed Forces, Customs Police and Guardia Civil.

    “We are very pleased to join Exosens group with which we have built a strong supplier relationship since many years. All our products lines have always been using Photonis image intensifier tubes which ensure a high level of image quality and reliability. We will continue to benefit from their extended sensors technology platform to develop a new generation of devices, bringing unrivaled performances to armed forces.” stated Jorge de la Torre, CEO of NVLS.

    The transaction is expected to be finalized in the coming months. Terms of the transaction are not being disclosed and are pending customary clearances and approvals.

    ABOUT EXOSENS:

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 11 sites, in Europe and North America and with over 1,700 employees.

    Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿ and is a member of Euronext Tech Leaders segment.

    For more information: exosens.com

    Forward-looking statements

    Certain information included in this press release are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which Exosens operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from the forward-looking statements included in this press release.

    Media contacts for Exosens:
    Brunswick group – exosens@brunswickgroup.com
    Laetitia Quignon, + 33 6 83 17 89 13
    Nicolas Buffenoir, + 33 6 31 89 36 78

    Attachment

    The MIL Network

  • MIL-OSI: Wendel announces a transformational transaction in line with its strategic roadmap

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE – OCTOBER 22, 2024

    Wendel announces a transformational transaction
    in line with its strategic roadmap

    • Acquisition of Monroe Capital LLC dramatically expands Wendel’s Asset Management platform and rebalances its business model towards more recurring cash flows and growth
    • Wendel’s Asset Management platform will represent c.€31 billion1 of AuM in private assets and is expected to generate c.€160 million2 of Fee Related Earnings and c.€185 million of total pre-tax profit in 2025

    Wendel (MF-FP) today announced that it has entered into a definitive partnership agreement including the acquisition of 75% of Monroe Capital LLC (“Monroe Capital” or “the Company”), and a sponsoring program of $800 million to accelerate Monroe Capital’s growth, and will invest in GP commitment for up to $200 million.

    For Wendel, the acquisition of a controlling stake in Monroe Capital, a private credit market leader focused on the U.S. lower middle market that has established an outstanding track record, would represent a significant and transformational advancement of the strategy it announced in March 2023 to develop its third-party asset management platform to complement its longstanding principal investments business.

    This transaction follows Wendel’s recent acquisition of IK Partners, a European leader in middle market private equity, as it seeks to build a scaled third-party asset management platform, based on strong performing General Partners with distinctive and focused expertise, an entrepreneurial mindset and an emphasis on the middle market. The embedded organic growth of those acquisitions will be complemented by Wendel’s unique value proposition which includes:

    • Capital to sponsor new strategies and fund organic and inorganic initiatives ($800 million in the sponsoring program and up to $200m of GP commitment for Monroe Capital)
    • Wendel’s network to develop long term strategic partnerships with highly regarded LPs (Wendel and Monroe Capital intend for AXA-IM Prime to participate in the transaction)
    • Cross selling opportunities by combining the expertise and client bases of GPs
    • Development of centralized fundraising platform to address new markets

    The transaction is subject to the satisfaction of closing conditions and receipt of regulatory approvals. It is expected to be completed in the first half of 2025.

    A private credit leader in the U.S. middle market with a demonstrated strong track record across market cycles

    Founded in 2004 by Ted Koenig, Monroe Capital provides private credit solutions to borrowers in the U.S. and Canada, managing $19.53 billion of assets across 45+ investment vehicles. Monroe Capital’s strategic verticals are Lower Middle Market Direct Lending, Alternative Credit, Software & Technology, Real Estate, Venture Debt, Independent Sponsor and Middle Market CLOs. Each vertical has demonstrated strong investment performance and offers potential for significant organic growth.

    Through July 1, 2024, Monroe Capital has directly originated over 700 transactions, has invested over $44 billion and has earned c.10% gross unlevered IRR4 for its directly originated transactions. Monroe Capital’s LP base is very broad and diversified, including public pensions, insurance companies, family offices and high net worth individuals from across the globe.

    The firm, which is headquartered in Chicago, maintains eleven offices, of which nine are in the U.S., one in Abu Dhabi, UAE and one in Seoul, South Korea. Monroe Capital has grown to a team of over 270 employees, including 110 investment professionals.

    A transaction aligning strategic interests of all stakeholders over the long-term

    The envisaged transaction is a strategic partnership in which Monroe Capital’s teams — who remain committed for the long term — will continue to operate independently and autonomously in day-to-day management of current markets and strategies, under the same brand. Monroe Capital’s Investment Committee also would remain fully independent.

    A key feature of the planned partnership will be the commitment of significant capital by Wendel to support Monroe Capital’s present and future funds, as well as the development of new strategies. The contemplated transaction would lead to the full acquisition by Wendel of Monroe Capital over time, with subsequent transactions structured to ensure alignment of interests of all stakeholders:

    (i)      Initial transaction

    As part of the initial transaction, which is expected to be finalized in the first half of 2025, Wendel shall invest $1.13 billion, to acquire 75% of Monroe Capital’s shares (50% from Monroe management and 25% from Bonaccord Capital Partners who is a minority interest owner of Monroe) together with rights to c.20% of the carried interest generated on past and future funds. Monroe management will continue to own 25% of the Company post-closing.

    (ii)      Long-term alignment and subsequent transactions

    This transaction aims to maintain a long term and uncapped alignment of interests between Wendel and Monroe Capital’s 23 partners and employees:

    The initial transaction involving 75% of Monroe Capital would be complemented by an earn-out mechanism in the maximum amount of $255 million, subject to Fee Related Earnings (“FRE”) performance thresholds (Max if CAGR above c.26%) in the period, and if achieved would be paid in cash in 2028.

    The total consideration for the 75% would correspond to c. 14.7x to 18.5x 2025e pre-tax FRE depending on the earn out effectively paid and a 4.2x 2025e pre-tax Performance Related Earnings.

    Wendel will have a path to purchase the remaining 25% of Monroe Capital’s shares in subsequent transactions (put / call mechanisms) that would take place in three instalments over 2028 and 2032 and be payable in cash. The purchase of the remaining 25% shares would be valued through variable purchase multiples determined depending on realized FRE growth.

    (iii)      Capital commitment

    In addition, to accelerate Monroe Capital’s growth, Wendel would seed future new initiatives launched by the Company, with sponsor money, up to a maximum of $800 million in total, thereby supporting Monroe’s growth and diversifying Wendel’s investments in asset classes. In addition, Wendel will fund GP commitment of c.1% of funds to be raised, up to a maximum of $200 million. In total, Wendel will invest $1 billion into Monroe Capital’s funds.

    (iv)      AXA IM Prime’s investment alongside Wendel

    In addition, Wendel and Monroe Capital intend for AXA IM Prime to participate in the transaction. Wendel and AXA IM Prime have longstanding relationship and have jointly worked since inception on the current transaction. Both companies are now in discussion to confirm AXA IM Prime investment (up to $50m) as a minority shareholder, through its GP-stake fund “AXA IM Prime Capital Partners I” (“PCP I”), alongside Wendel in Monroe Capital. AXA Group (CS-FP) is the anchor investor of PCP I and already a significant and historic Limited Partner in Monroe Capital’s funds.

    Wendel to become an Asset Manager alongside its historical Principal Investment activity

    Wendel’s ambition is to build a sizeable Asset Management platform managing investments in multiple private asset classes, alongside its historical Principal Investment activity. The development of the third-party Asset Management platform will provide Wendel with recurring and growing cashflows as well as exposure to multiple and high performing asset classes. As a result, Wendel’s dual business model is expected to generate an attractive and recurring return to shareholders.

    With IK Partners and Monroe Capital, Wendel’s third party private asset management platform will reach c.€31 billion in AUM5, c.€ 455 million revenues, c.€160 million pre-tax FRE (c.€101 million in pre-tax FRE (Wendel share) by 2025 and is expected to reach €150 million (Wendel share) in pre-tax FRE by 2027 through double-digit organic growth.

    This evolution of Wendel’s business model is designed to enable the development, over time, of a value-creating platform with the potential to generate operational synergies.

    The third-party Asset Management platform will be developed alongside Wendel’s Principal Investment strategy, with the objective of generating double-digit Total Shareholder Return.

    Laurent Mignon, Wendel Group CEO, commented:

    “One year after announcing the acquisition of 51% of IK Partners, we are proud to announce the acquisition of 75% of Monroe Capital LLC, creating a strong partnership with a private credit leader in the U.S. lower midmarket. This acquisition marks an important step forward for Wendel’s asset management platform, which we are committed to scaling. Wendel is becoming an asset manager alongside our decades-long activity as a long-term equity investor. Monroe Capital, founded by Ted Koenig in 2004, is a terrific company that has consistently delivered strong performance across various market cycles in North America, bolstered by a surge in demand for private credit solutions and with the scale to capitalize on the growing opportunity set we see in private credit. Monroe Capital is strategically positioned to capitalize on this increasing demand, attracting both institutional and retail investors.

    Through this partnership with Monroe Capital, we are thrilled to collaborate with Ted Koenig, Chairman and CEO, Zia Uddin, President, and their talented teams to support their success and their ability to deliver robust financial performance over the coming years. It will be also a great privilege for Wendel to partner with such a renowned investor as AXA IM Prime.

    Wendel is executing its strategic plan with determination, rigor and financial discipline, as demonstrated by this transformational acquisition, while also focusing on premium assets in our principal investment activities, highlighted by the recent acquisition of Globeducate. Our transformation to a dual-strategy model is now well-grounded, with top partners in asset management such as IK Partners in private equity and now Monroe Capital in private credit. Our priority for the near future will be to build our platform and to work on the rotation of our Principal Investment assets.

    I would like to express my gratitude to the Wendel teams for their unwavering dedication and to the Supervisory Board of Wendel for its constant support in driving this ambitious strategy forward.”

    Theodore L. Koenig, Chairman & CEO of Monroe Capital commented:

    “We are excited to partner with Wendel and AXA IM on this next chapter of Monroe’s growth. Their commitment to our business will provide meaningful and stable capital to thoughtfully scale our platform and better capture the attractive and expanding opportunity in middle market private credit. Specifically, Wendel’s $1 billion commitment will accelerate our client-centric growth strategy and deliver meaningful benefits to our global investor base.”

    UBS acted as exclusive financial advisor to Wendel and Kirkland & Ellis LLP acted as legal counsel to Wendel. Wendel was also assisted by Fenchurch Advisory for this transaction. Goldman Sachs & Co. LLC acted as exclusive financial advisor to Monroe Capital, and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Monroe Capital.

    About Monroe Capital

    Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 11 offices throughout the United States and Asia.

    About Wendel

    Wendel is one of Europe’s leading listed investment firms. The Group historically has made long-term equity investments in European and North American companies that are leaders in their field, including its current investments ACAMS, Bureau Veritas, Crisis Prevention Institute, Globeducate, IHS Towers, Scalian, Stahl and Tarkett. With Wendel Growth, Wendel also invests via funds or directly in innovative, high-growth companies. In 2023, Wendel announced its intention to build out a third-party private asset management platform to complement its principal investment activities. In the first step in advancing this dual-strategy model, Wendel in May 2024 finalized the acquisition of a 51% stake in IK Partners.

    Agenda

    Thursday, October 24, 2024

    Q3 2024 Trading update – Publication of NAV as of September 30, 2024 (post-market release)

    Friday, December 6, 2024,

    2024 Investor Day.

    Wednesday, February 26, 2025

    Full-Year 2024 Results – Publication of NAV as of December 31, 2024, and Full-Year consolidated financial statements (post-market release)

    Thursday, April 24, 2025

    Q1 2025 Trading update – Publication of NAV as of March 31, 2025 (post-market release)

    Thursday, May 15, 2025

    Annual General Meeting

    Wednesday, July 30, 2025

    H1 2025 results – Publication of NAV as of June 30, 2025, and condensed Half-Year consolidated financial statements (post-market release)


    1 As of September 2024

    2 c.€101m of FRE expected in 2025, Wendel share.

    3 committed and managed capital (as of July 1, 2024)

    4 Across fully exited companies

    5 As of September 2024

    Attachment

    The MIL Network

  • MIL-Evening Report: Huge volumes of whey go to waste. We could do much more with this nutrient rich liquid

    Source: The Conversation (Au and NZ) – By Jack Hetherington, Phd Candidate in circular business models, University of Adelaide

    Cheesemaking leaves large volumes of whey Lysenko Andrii/Shutterstock

    Every year, 7.6 million tonnes of food is lost or wasted in Australia. When we think about this, we might picture mouldy fruit, stale bread and overly full fridges. But in fact, almost half of this waste happens before food ever gets to us. Waste is common in food production, processing and transportation.

    For example, the process of making cheese from milk results in a comparatively small amount of cheese and a lot of whey – up to 90% the mass of the raw milk.

    Whey is useful, as it still has about half the nutrients of milk. But whey remains one of the largest sources of food loss and waste in Australia’s large dairy sector. Every year, about 350 million litres goes down the drain, costing businesses over A$580 million to dispose of it and wasting some of the resources it takes to make milk.

    In our new research, we interviewed cheesemakers from 42 companies – representing almost a third of Australia’s cheese industry.

    We found cheesemakers knew what waste whey could be used for but were put off by practical challenges.

    Whey is produced in large volumes – and much of it goes to waste.
    Jasen Wright/Shutterstock

    What can you do with whey?

    You can already buy whey products such as fermented drinks and protein powders. Infant formula may contain the highly valuable lactoferrin, which would be usually left in whey. A popular Swiss soft drink, Rivella, is also made from whey.

    In Australia, some producers have begun making alcoholic spirits by fermenting the lactose in whey. Researchers have found whey-based alcohol can emit less greenhouse gases than traditional grains.

    Our research found over half of our cheesemakers were using multiple methods to reduce whey going to waste, from making animal feed to making ricotta to irrigating paddocks. Even so, there is still room to make much more use of whey.

    What did we find?

    Every year, 43% of all milk produced in Australia is used to make cheese – about eight billion litres a year. When we did this research, there were 132 cheesemakers, using cow, goat, sheep, and camel milk to make cheese. The industry is characterised by a few large manufacturers (about 2% of companies) and many small manufacturers (about 90% of the total). Cheesemakers are largely concentrated in Australia’s southeast.

    To understand the challenge of avoiding whey waste, we spoke to cheesemakers, big and small, right across Australia between November 2022 and June 2023.

    All of our cheesemaker respondents knew of at least one whey-based product.

    But there were barriers to using whey themselves by a range of things, from the set-up cost of a new facility to the challenge of scale, competing priorities and the distance to potential partners. As one respondent said:

    Every single part of the business would have to be changed, upgraded, or increased to accommodate using the whey in any way

    Another said:

    We’re all doing 60 to 70-hour weeks and you [need] someone to actually drive it

    How can we overcome the barriers?

    Based on our interviews, we found four possible ways to encourage cheesemakers to put their whey to use:

    1. turning whey into value-added products in-house. This could be quite effective – one of our respondents reported making more money from whey-based products than cheese. But setting it up requires time and money.

    2. engaging other companies to take the waste. Partnering with outside companies can help overcome time and money issues – but everyone needs to agree on a price for a product previously considered waste.

    3. starting joint ventures, such as teaming up with other cheesemakers. This method suits cheesemakers wanting to keep the value of the whey. Successful ventures require clear leadership and transparent business plans.

    4. scaling up. Some cheesemakers are already using their own whey. If they move to accept whey from other makers, they can scale up – as long as the new whey sources can meet their specifications.

    We found giving Australian cheesemakers the full range of options greatly increased how willing they were to find ways to use whey.

    When they only had in-house options, 33% of respondents said they would find ways to use way. This rose to 79% when all four options were available.

    Even once the cheese has been made, the whey left behind contains proteins and other nutrients.
    guys_who_shoot/Shutterstock

    Which whey forward?

    Our research shows there’s no silver bullet to solve whey waste. We’ll have to come at it from different angles and focus on collaboration between cheesemakers, governments, industry bodies and consumers.

    One crucial thing is to make sure there there is demand for these changes. In separate research, we found there is currently little expectation from consumers and retailers about what happens to whey waste. Increasing demand for whey-based products and setting expectations for cheesemaking practices could drive this change. But food safety regulations and taxes on alcohol can make it more challenging still for makers.

    In regions with a cluster of cheesemakers, it might make more sense for one or two makers to take all the whey waste and turn it into value-added products to benefit from the scale. While many cheesemakers told us they felt isolated from potential partners, we found a potential partner was right around the corner – just one or two kilometres in most cases.

    This is where decision support tools may be able to help in future. These software tools help you lay out your options so you can compare them and pick the best one. They can take into account financial outlay, risks and environmental impacts.

    The good news is, there is an abundant, nutrient rich byproduct able to be converted into other products. The challenge now is to find ways of boosting collaboration between cheesemakers and other companies – and ensuring whey-based products have a market.

    Jack Hetherington’s PhD project receives funding from the End Food Waste Cooperative Research Centre, CSIRO and the University of Adelaide. Jack is currently the Treasurer for the Landcare Association of South Australia and a member of the SA Crawford Fund committee.

    Adam James Loch has received funding from the Australian Research Council, the South Australian Department for Environment and Water, and the European Commission.

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

    ref. Huge volumes of whey go to waste. We could do much more with this nutrient rich liquid – https://theconversation.com/huge-volumes-of-whey-go-to-waste-we-could-do-much-more-with-this-nutrient-rich-liquid-241588

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: First Responders – Waikato wetland fire update #5

    Source: Fire and Emergency New Zealand

    Fire and Emergency New Zealand crews have been working to battle a large vegetation fire in the Whangamarino wetlands since 7am this morning, as well as on Monday afternoon.
    Incident Commander Mark Tinworth says the fire is not yet contained, and crews will continue to monitor the fire overnight, with firefighting operations continuing at first light.
    “Aircraft supported by ground crews have worked really hard today,” he said.
    The fire now has a perimeter of 11 kilometres and has burned through more than 520 hectares in the Island Block area.
    If there you see or smell smoke outside, stay inside and keep windows and doors shut.
    If you have roof water supply, disconnect the pipe to your tank if there is a lot of ash and debris on your roof.
    The next update will be around 9am, Tuesday 23 October.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Assessments – New Zealand, UK, and Australia lead global list of economies engaging in sustainable trade best practices

    Source: Hinrich-IMD Sustainable Trade Index 2024

    New Zealand has topped the Hinrich-IMD Sustainable Trade Index (STI) 2024 for the third consecutive year, with the United Kingdom (UK) following in second place and Australia securing third. 

    The Index measures how well trade contributes to mutually beneficial and balanced economic, social, and environmental outcomes among 30 trading economies. (ref. https://www.hinrichfoundation.com/research/wp/sustainable/sustainable-trade-index-2024 )

    New Zealand (first) retains its top spot for the third consecutive edition and leads the environmental dataset.

    The UK is second for the third edition in a row. However, it does perform worse than in 2023 in the economic dataset.

    Australia (third) has risen two positions since last year. Its greatest progress is in the environmental dataset.

    Crucially, building “workforce resilience” is becoming a major goal of governments and the private sector worldwide, the report signals. This means having a healthy, educated, and unexploited workforce, which allows economies to better withstand shocks and seize emerging opportunities. “National resilience” and “environmental resilience” are also key concerns.

    “Workforce resilience” is part of a broader trend to encourage “societal resilience,” the authors say. Societal resilience is the effect of investments that foster both economic and social stability. New Zealand, Canada, Australia, Taiwan, and Singapore do best here.

    The Index is a joint project between the Hinrich Foundation and the International Institute for Management Development (IMD) and is in its third year.

    It measures 30 economies, including members and applicants of major trade alliances, such as the Asia-Pacific Economic Cooperation (APEC), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP).

    “The STI allows us to track how effectively trading economies are meeting the three pillars of sustainability: economic growth, societal advancement, and environmental stewardship. Achieving balanced outcomes between the three pillars is essential for resilience,” said Kathryn Dioth, CEO of the Hinrich Foundation.

    “By investing in human capital, countries can build adaptable workforces capable of thriving amid economic fluctuations and global challenges,” said Christos Cabolis, Chief Economist of the IMD World Competitiveness Center, which led the research for IMD.

    Other major findings include:

    ·         Global trade is increasingly shaped by protectionist regulations, where economies favor policies that strengthen domestic industries and secure supply chains. This shift toward industrial policy, aimed at building economic resilience, marks a long-term trend, resulting in the fragmentation of the global trading system.

    ·         Addressing climate resilience is complex because tackling climate change often requires regulatory interventions, whereas global trade flourishes with fewer barriers. The emergence of climate and trade agreements that promote trade in environmental goods and services could balance the dual objectives of open trade while addressing climate change. 

    ·         A few mid-ranking economies have shown consistent progress or stability over the last three years (2022-2024). Amongst them, Thailand gained three spots in the STI from 2022 to reach 12th place this year, Vietnam recorded a six-place rise, and Chile held a steady position at 11th across the three years.

    The Index measures 72 data points, categorized into three “pillars”: economic, societal, and environmental, considered by the researchers to be the main axes of sustainable trade. They represent economic growth, societal well-being, and environmental stewardship, respectively.

    A new indicator measuring universal health coverage (UHC) from the WHO’s Global Health Observatory (GHO) was introduced to the societal pillar in this edition.

    About the Hinrich Foundation

    The Hinrich Foundation is an Asia-based philanthropic organization that works to advance mutually beneficial and sustainable global trade. We believe sustainable global trade strengthens relationships between nations and improves people’s lives. We support original research and education programs that build understanding and leadership in global trade. Our approach is independent, fact-based, and objective. We are an authoritative source of knowledge, sharp analysis, and fresh thinking for policymakers, business, media, and scholars engaged in global trade.

    hinrichfoundation.com

    MIL OSI New Zealand News

  • MIL-OSI USA: LaLota Hosts Leaders from Suffolk Veterans’ Community

    Source: United States House of Representatives – Representative Nick LaLota (NY-01)

    ROCKY POINT, NY Rep. Nick LaLota (R-Suffolk County), a Navy Veteran, held a Veterans Roundtable at the Rocky Point VFW with key stakeholders and subject-matter experts to discuss the numerous issues facing Long Island’s Veteran community.

    “As a Navy veteran, I deeply appreciate everyone who joined our roundtable in Rocky Point. Hearing directly from those on the front lines of veterans’ issues is crucial in tackling the challenges our service members face every day,” said LaLota. “I am fully committed to ensuring that those who served our great country receive the care and support they’ve earned. By working closely with local leaders and advocates, we can enhance the quality of care for veterans and make sure no one who wore the uniform is left behind.”

    Background:

    The roundtable discussed the following issues:

    • Veteran mental health, including LaLota’s Joseph P. Dwyer Peer Support Program Act;
    • Improving healthcare options for Veterans, including increasing VA access and LaLota’s Liver Fluke Cancer Study Act;
    • Housing for Veterans, including the lack of affordable housing options and the high number of homeless Veterans including LaLota’s Supporting Veteran Families in Need Act;
    • Issues at the Northport VA, including ongoing construction updates and hospital conditions, and
    • State Veterans Homes issues, including the high cost of medications and the need for more specialty care.

    The following individuals took part in LaLota’s Veterans Roundtable:

    • Suffolk County Legislature Majority Leader and Legislator Nick Caracappa, Chairman, Veterans Committee
    • Marcelle Leis, Director, Suffolk County VSA
    • Tom Ronayne, Former Director, Suffolk County VSA
    • Fred Sganga, Director, Long Island State Veterans Home
    • Francis Amalfitano, President & CEO, United Veterans Beacon House
    • Bill Hughes, Commander, Suffolk County VFW, District 11
    • Kenneth Dolan, Legislative Chair, Suffolk County American Legion
    • Mel Cohen, Vietnam Veterans of America
    • Rich Dellasso, Economic Opportunity Council of Suffolk – Veterans Affairs
    • Nancy Tappin, Joseph P. Dwyer Veterans Peer Support Project
    • Joe Cognitore, Commander of the Rocky Point VFW Post 6249
    • Several staff members of the House Veterans Affairs Committee

    ###

    MIL OSI USA News

  • MIL-OSI USA: Congresswoman Tenney Hosts Vietnam Veteran Pinning Ceremony in Wayne County

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Victor, New York—Congresswoman Claudia Tenney (NY-24) today honored 40 Vietnam veterans from the Finger Lakes Region during a Vietnam War Commemorative Pinning Ceremony at the Veterans of Foreign Wars Memorial Post in Lyons. 

    Tenney was joined at the event by New York State Senator Pam Helming, Assemblywoman Marjorie Byrnes, Assemblyman Brian Manktelow, and Assemblyman Jeff Gallahan. 

    Tenney awarded each veteran a commemorative Vietnam Veteran Lapel Pin, symbolizing the nation’s heartfelt gratitude for their service. This pin, an emblem of honor, is part of a national initiative to acknowledge and thank veterans who served during the Vietnam War. In August, Tenney honored 30 Vietnam veterans at a similar ceremony in Oswego County as part of her ongoing initiative to pay tribute to the brave men and women who served during the Vietnam War and their families for their selfless sacrifice. 

    “For many Vietnam veterans, the service and the struggles they endured went unrecognized for far too long. Today, we strove to right that wrong, by showing them the respect, honor, and appreciation they have always deserved. By hosting these commemorative pining events, I hope to convey our deep appreciation for the courage and resilience of these veterans. It was an honor to present these 40 Vietnam veterans from our community with a small token of our nation’s gratitude for their selfless sacrifice. Thank you to these individuals and their families for their profound sacrifice and unwavering dedication to our great nation,” said Congresswoman Tenney.

    “For many of our Vietnam veterans, coming home meant quietly putting away memories of service. But today, as you stand together, I hope you feel the strength of connection, with fellow veterans, your families, and all of us who honor you. It’s never too late to celebrate and recognize our veterans as heroes. Our younger generations need your stories, your wisdom, and your example,” said Senator Helming

    “This is a great opportunity to show our Vietnam veterans the respect and appreciation that they deserve. When I think about the heroes welcome that these brave men and women didn’t receive 40 years ago, I am beyond heartbroken. I applaud Congresswoman Tenney for her actions to ensure that every Vietnam Veteran receives the recognition and support that they deserve. Today is just one of many days that we honor and recognize their bravery and heroism,” said Assemblyman Manktelow.

    “I would like to thank Congresswoman Tenney for bringing us all together to honor the brave men and women who put their lives on the line in service to our country. As a representative for New York’s Finger Lakes region, I have always been proud to recognize our Veterans and thank them for their courage and willingness to make the ultimate sacrifice for the freedoms we all so deeply cherish. Unfortunately, many of our Vietnam Veterans did not receive the hero’s welcome home they deserved. The goal of this commemorative pinning ceremony is to give these Veterans that formal ‘welcome home’ and I could not be happier to be a part of such a special event,” Assemblyman Gallahan. 

    ###

    MIL OSI USA News

  • MIL-OSI Australia: $150 million in grant funding to ease financial pressures for Aussies doing it tough

    Source: Ministers for Social Services

    The Albanese Labor Government has committed around $150 million each year to supporting Australians experiencing financial hardship with the opening of multiple grant rounds today for Financial Wellbeing and Capability programs.

    From 1 July 2025, the new 5-year grants will ensure a range of financial wellbeing services are available for vulnerable individuals and families, from pre-crisis and early supports, to financial crisis response, recovery and resilience supports.

    In addition to supporting the financial wellbeing of Australians, these grant rounds continue to deliver on the Government’s commitment for longer term grant agreements, where they are appropriate, to provide certainty for service providers delivering these critical services. They will also allow the sector to plan, collaborate and innovate.

    Applications are now open for the following grant programs:

    • Emergency Relief
    • Food Relief (and Material Aid)
    • Commonwealth Financial Counselling and Financial Capability
    • Financial Counselling for Gambling
    • Financial Wellbeing Hubs.

    Closed grant processes will follow for the National Debt Helpline, No Interest Loans Scheme (NILS), NILS for Vehicles, Saver Plus and Financial Counselling and Capability Sector Support programs.

    Minister for Social Services, Amanda Rishworth said that the opening of the grant rounds is a demonstration of the Government’s long-term commitment to improving services for Australians doing it tough, and to supporting community organisations across the country.

    “The Albanese Labor Government understands that financial wellbeing providers such as Emergency Relief and Food Relief organisations play an essential role in the supply of frontline support services and are critical to the ongoing support for communities across Australia,” Minister Rishworth said.

    “It is clear now more than ever, during this cost-of-living crisis, that the Government continues to do all that we can to help out the most vulnerable members of our community. This is a commitment that we are taking very seriously, which is why this funding is designed to provide financial counselling services, or access to fair and safe no interest loans, or food relief for those in need.

    Since 2022, the Australia Government has committed an additional $170.9 million through the Financial Wellbeing and Capability Activity, with these grant rounds building on recent investments.

    “We want to cover all bases, and ensure our grants respond to client and community demand, have national coverage including in regional, remote, and rural areas but also have a focus on pre-crisis supports to build long-term financial capability and resilience.”

    Ongoing funding has increased to around $150 million each year representing the highest investment by government in financial wellbeing programs. 

    Minister Rishworth said this latest grant funding will allow providers to provide immediate and targeted support to people in financial crisis, including from unexpected life events or financial shocks, cost-of-living pressures and natural disasters.

    “Our government recognises the growing demand for financial wellbeing services throughout the nation, and these grants represent our continuous and growing approaches to support the organisations that support you.”

    Organisations can apply for grant rounds by visiting the GrantConnect website at http://www.grants.gov.au.

    Current Financial Wellbeing and Capability services continue to be available now for individuals and communities. Details and locations of nearby funded providers are available on the Department Of Social Services website.
     

    MIL OSI News

  • MIL-OSI: EBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan Events

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), in partnership with DiNapoli Experts, is proud to host ‘Harnessing the Power of DiNapoli Indicators to Conquer Black Swan Events,’ an exclusive gathering that brought together financial experts, traders, investors, and economic strategists to explore key strategies for navigating volatile markets. This event, part of EBC’s broader commitment to thought leadership in finance, offered critical insights not only for traders but for those seeking a deeper understanding of global financial trends, including the impacts of geopolitical tensions, inflation, and the evolving role of technology in market prediction.

    Operating across global financial hubs such as London, Hong Kong, Tokyo, Singapore, and Sydney, EBC Financial Group is regulated by major international bodies, including the UK’s FCA, CIMA in the Cayman Islands, and ASIC in Australia. These credentials underscore the Group’s mission to deliver sound, ethical, and transparent financial services across key markets.

    With markets facing challenges from geopolitical instability, rising inflation, and shifting monetary policies, EBC’s commitment to investor empowerment and education stands firm. The discussions provided participants with exclusive insights into managing risk and seizing opportunities in global markets, and attendees engaged with some of the industry’s top experts, gaining hands-on insights into critical factors influencing today’s global markets.

    Building on the momentum from the successful signing ceremony in Thailand, where EBC Financial Group solidified its partnership with DiNapoli’s Leading Indicators, the Taiwan event marks a key milestone in EBC’s ongoing mission. Through this collaboration, EBC is empowering traders with advanced tools to navigate Black Swan events.

    Global Instabilities Threaten Market Stability: Insights from David Barrett
    David Barrett, CEO of EBC Financial Group (UK) Ltd, issued a stark warning about the growing economic fragility facing global markets. Speaking to an audience of financial professionals, Barrett highlighted that the Federal Reserve’s recent rate cuts have unsettled bond markets, exposing deep vulnerabilities in the global financial system. While the U.S. equity market has enjoyed a brief rally, Germany’s economic downturn threatens to spiral into a wider Eurozone crisis, Barrett explained.

    Barrett emphasised that the risks extend far beyond economics. Geopolitical conflicts—from the ongoing war in Ukraine to instability in the Middle East—are now global flashpoints, disrupting energy supplies and pushing commodity markets toward dangerous levels of volatility. According to Barrett, this combination of factors could drag the global economy into deeper, more unpredictable volatility, leaving even experienced investors facing unprecedented uncertainty.

    As part of the Group’s mission to help investors navigate these turbulent markets, Barrett reiterated EBC’s focus on providing cutting-edge trading tools and educational initiatives. EBC’s partnership with DiNapoli Indicators is instrumental in equipping traders with the tools necessary to interpret market movements, especially in unpredictable environments. By combining advanced predictive tools like DiNapoli Indicators with real-time market analysis, EBC is ensuring that traders are not only informed but prepared to respond to global financial shifts.

    EBC’s expansion into emerging markets and its commitment to establishing regulated entities in new jurisdictions also reflect the Group’s dedication to offering clients access to global trading opportunities. With its rapidly growing footprint, EBC continues to lead with integrity and transparency, providing traders worldwide with the tools to manage risk effectively.

    As the U.S. presidential election approaches, Barrett warned that this divisive political battle could be another major destabilising factor for markets, as investors brace for shifting economic policies and potential political upheaval.

    “We are not just seeing market volatility; we are looking at a perfect storm where geopolitical tensions, inflation, and monetary policies are converging like never before,” Barrett cautioned. He urged investors and traders to take urgent action, adapting to this new reality with precision, foresight, and advanced tools like DiNapoli Indicators to help navigate through the uncertainty. Without this, Barrett stated, market participants risk being left behind in a financial environment that demands data-driven decision-making and the ability to manage complex risks.

    Capturing Trading Opportunities: Jason Zeng on DiNapoli Indicators
    At the event, Jason Zeng, General Manager of Fibonacci Investment Consulting, LLC, presented the critical role that DiNapoli Indicators play in helping investors identify key market retracement points and timing trades effectively. Zeng, a long-standing expert in DiNapoli-Levels trading, explained how these indicators are not just tools for predicting price movements, but vital systems for managing risk and profitability in highly volatile markets.

    Zeng focused on how the Fibonacci-based DiNapoli Levels have been successfully applied to forecast market retracements in a range of asset classes, including equities, commodities, and currencies. He cited recent examples where DiNapoli Indicators enabled traders to accurately pinpoint entry and exit points, even in the face of significant market fluctuations caused by geopolitical instability and central bank policy shifts.

    “Traders who rely on these indicators can enhance their risk management and improve trade execution,” Zeng said. He highlighted the use of real-world case studies, showing how DiNapoli’s approach has repeatedly outperformed traditional technical analysis by offering actionable insights during times of heightened uncertainty.

    Zeng stressed that in today’s fast-moving financial markets, timing is everything, and DiNapoli Indicators offer the precision necessary to navigate the complexities of modern trading environments. According to Zeng, these indicators are essential for traders and financial professionals aiming to capture opportunities while minimising exposure to unpredictable market swings.

    As EBC continues to expand its operations across emerging markets, it remains committed to providing global traders with tailored tools and educational resources, ensuring that they are equipped to navigate both local and international market dynamics.

    Capital Markets Under Pressure: Dr. Hua-Shen Pan on Geopolitical Risks and Economic Countermeasures
    Dr. Hua-Shen Pan, an esteemed economic analyst and columnist, delivered a pointed examination of the global geopolitical risks that are currently shaping capital flows and investment strategies. Addressing the audience, Dr. Pan highlighted how geopolitical volatility has become a primary driver of market instability, overshadowing traditional economic indicators.

    Dr. Pan drew attention to China’s economic trajectory, which he identified as a critical factor influencing the global financial system. As the Chinese government introduces new stimulus measures, the global financial community is watching closely to gauge the effectiveness of these policies in stabilising the world’s second-largest economy.

    He further explained how geopolitical flashpoints, including the ongoing conflict in Ukraine and instability in the Middle East, are exacerbating energy price shocks and complicating efforts by central banks to control inflation. Dr. Pan highlighted the growing disconnect between economic fundamentals and market reactions, pointing out that traditional models of economic forecasting are struggling to account for the disruptive influence of geopolitical events.

    Dr. Pan argued that while geopolitical tensions will continue to be a source of market volatility, investors must adapt by focusing on risk management and long-term strategies that account for unpredictable economic shifts. He highlighted the importance of understanding how global policy responses—from Federal Reserve actions to China’s economic policy—will shape the investment landscape in the years to come.

    “Markets are no longer simply reacting to economic data,” Dr. Pan observed. “We are now in an era where geopolitical conflicts are driving capital decisions, and this requires a new strategic approach.”

    Navigating Post-Fed Market Reactions: Joseph AuXano’s Key Insights
    Joseph AuXano, Director of the DiNapoli Online Course (DAP), addressed one of the most pressing concerns for market participants—the aftermath of Federal Reserve rate cuts and their impact on market dynamics. AuXano demonstrated how DiNapoli Indicators can be used to accurately assess market reactions following Fed decisions, offering traders a powerful tool to anticipate volatility and make informed decisions.

    Through a detailed analysis of recent FOMC meetings, AuXano illustrated how major stocks, including Tesla and Nvidia, responded to rate cuts. He demonstrated how the MACD Predictor and DiNapoli Expansion tools provide crucial early signals, enabling traders to identify high-probability trades by spotting key support and resistance levels in advance.

    AuXano emphasised the importance of using multi-timeframe analysis, highlighting that relying solely on short-term trends leaves traders vulnerable to unpredictable market swings. By incorporating the DiNapoli Indicators, investors are better equipped to navigate both short-term fluctuations and long-term trends.

    “After each Fed decision, markets are often thrown into chaos, with unpredictable movements. But by using these tools, traders can stay one step ahead, reading market signals more effectively,” AuXano explained.

    He added, “Today’s economic forum has provided valuable insights into the various factors impacting markets, reading the markets by observing how price interacts with DiNapoli Indicators gives traders and investors an additional edge when seeking to navigate market volatility. It’s about staying disciplined and structured, especially in today’s economic and political climate, where interest rate changes and central bank policies play a key role.”

    Mitigating Algorithmic Trading Risks: Insights from Rich Wang
    Rich Wang, CTO of Provider Space, delved into the growing reliance on algorithmic trading and the risks that come with automated systems in today’s financial markets. Wang’s presentation centred on the need for robust risk management strategies that ensure consistent profitability, even as markets become increasingly volatile.

    Wang highlighted the advantages and dangers of algorithmic trading, explaining that while automation can enhance trading efficiency and speed, it also exposes traders to greater risk if not properly managed. He shared real-world examples of how market volatility can trigger automated systems to make rapid, high-stakes trades that can spiral into significant losses without adequate safeguards in place.

    Wang stressed the importance of incorporating stop-loss mechanisms and conducting thorough backtesting of algorithms to prevent systems from failing during market disruptions. He underscored that risk management needs to evolve alongside trading technology, particularly as markets become more sensitive to geopolitical events and central bank policy shifts.

    “Automation can give traders an edge, but only when combined with solid risk management frameworks,” Wang said. He demonstrated how the latest risk mitigation strategies can be integrated into automated trading systems, allowing traders to maintain control and reduce their exposure to sudden market shocks.

    Wrapping Up the Event
    The event provided a wealth of strategic insights, equipping market participants with the tools and knowledge necessary to navigate today’s volatile financial landscape. From geopolitical risks to algorithmic trading and Fed rate-cut reactions, the symposium underscored the importance of using advanced technical indicators, like DiNapoli Levels, to manage risk and seize market opportunities.

    As the global economic outlook remains uncertain, EBC Financial Group continues to lead the conversation around financial resilience, offering investors and traders the necessary foresight to adapt to these evolving challenges.

    For more information, high-resolution images, or speaker materials, please contact:

    Media Contact:
    Angela Wu
    Global Public Relations (Taiwan)
    angela.wu@ebc.com

    Chyna Elvina
    Global Public Relations Manager (APAC, LATAM)
    chyna.elvina@ebc.com

    Douglas Chew
    Global Public Relations Lead
    douglas.chew@ebc.com

    About EBC Financial Group
    Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

    Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

    At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

    EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

    https://www.ebc.com/

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/564383fa-f7de-4825-8a3d-d644cd768c51
    https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1d9d72-b653-4979-ba30-f35bb4ed4402
    https://www.globenewswire.com/NewsRoom/AttachmentNg/f89d66ee-0f78-44df-8b49-fe8f8d96d3aa

    The MIL Network

  • MIL-OSI China: MOFA affirms stance taken by US, Japan, Australia, India, and ROK at ASEAN summits underlining importance of peace and stability in South China Sea

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA affirms stance taken by US, Japan, Australia, India, and ROK at ASEAN summits underlining importance of peace and stability in South China Sea

    • Date:2024-10-12
    • Data Source:Department of East Asian and Pacific Affairs

    October 12, 2024
    No. 351

    The 44th and 45th summits of the Association of Southeast Asian Nations (ASEAN) took place in Vientiane, the capital of Laos, from October 6 to 11. During the meetings, the United States, Japan, Australia, India, the Republic of Korea, and other like-minded countries expressed concern about the situation in the South China Sea and underlined the importance of peace and stability in the region. The Ministry of Foreign Affairs (MOFA) welcomes and affirms these statements.

    A chorus of parties at the summits highlighted recent tensions in the South China Sea. US Secretary of State Antony Blinken, Australian Prime Minister Anthony Albanese, and Japanese Prime Minister Shigeru Ishiba voiced concern about escalating militarization and unlawful coercion in the region. They also pledged to work on maintaining freedom of navigation and overflight in the South China Sea. The joint statement from the ROK-ASEAN summit called on all parties to respect international law and settle disputes in accordance with the 1982 United Nations Convention on the Law of the Sea (UNCLOS). In his remarks, Indian Prime Minister Narendra Modi emphasized that peace, security, and stability were in line with the general interests of the Indo-Pacific region. MOFA affirms the positions of the above parties, which correspond with the policy that Taiwan has consistently promoted with regard to the South China Sea.

    Based on integrated diplomacy, Taiwan will continue to work with like-minded partners to uphold democracy, freedom, human rights, and other shared values. Taiwan urges all parties to abide by international law, UNCLOS, and related instruments to jointly defend the rules-based international order and advance peace, stability, and prosperity in the Indo-Pacific region. (E)

    MIL OSI China News

  • MIL-OSI China: Visit by Tuvalu Prime Minister Teo and Madame Teo concludes following National Day celebrations, successfully deepens staunch diplomatic alliance

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Visit by Tuvalu Prime Minister Teo and Madame Teo concludes following National Day celebrations, successfully deepens staunch diplomatic alliance

    • Date:2024-10-13
    • Data Source:Department of East Asian and Pacific Affairs

    October 13, 2024
    No. 352

    A visit to Taiwan by Tuvalu Prime Minister Feleti Penitala Teo and Madame Tausaga Teo concluded as their delegation departed on the evening of October 12. Ministry of Foreign Affairs (MOFA) Department of East Asian and Pacific Affairs Director General Peter Sha-li Lan was present at the airport to bid farewell to the delegation on behalf of the government of Taiwan.

    In addition to meeting with President Lai Ching-te and attending a banquet hosted by Minister of Foreign Affairs Lin Chia-lung, Prime Minister Teo was a guest of honor at Taiwan’s National Day celebrations and associated functions.

    In his meeting with President Lai, Prime Minister Teo emphasized that Tuvalu cherished its 45-year alliance with Taiwan. He said that Tuvalu would continue to staunchly support Taiwan in expanding its international participation and speak up for Taiwan in the international arena, demonstrating the Tuvaluan government’s true friendship with Taiwan.

    Given the close cooperation on fisheries between Taiwan and Tuvalu and Prime Minister Teo’s many years of service in posts at international fisheries organizations, MOFA also organized a special itinerary that took Prime Minister Teo and his delegation south to Kaohsiung, Taiwan’s deep-sea fishing center. Prime Minister Teo met with Kaohsiung Mayor Chen Chi-mai to discuss a sister-city agreement between Kaohsiung and Funafuti, Tuvalu’s capital city, and attended a reception to interact with representatives from Taiwan’s deep-sea fisheries sector. The event successfully advanced connections between high-level Tuvaluan officials and Taiwan’s fisheries industry, laying a solid foundation for the deepening of bilateral fisheries cooperation going forward.

    As Tainan continues to celebrate its 400th anniversary of establishment throughout 2024, MOFA also arranged for Prime Minister Teo to visit the city once again. Deputy Mayor Yeh Tse-shan was present to welcome Prime Minister Teo and his delegation. During their stay in Tainan, the group paid a visit to Anping Old Fort, where Taiwan’s rich history and culture and the warm hospitality of the people of Tainan left a deep impression on the visitors.

    Tuvalu is a key ally of Taiwan in the Pacific. This visit—Prime Minister Teo’s second trip to Taiwan since taking office in February—proved to be greatly significant in terms of strengthening bilateral ties. Based on their solid existing foundation of cooperation in such areas as information and communication security, climate change adaptation, medicine and healthcare, women’s empowerment, and offshore fisheries, the two countries will continue to work together to advance the well-being of their peoples and jointly promote prosperity and development in the Indo-Pacific region. (E)

    MIL OSI China News

  • MIL-OSI China: Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    • Date:2024-10-17
    • Data Source:Department of East Asian and Pacific Affairs

    October 17, 2024 

    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.

     

    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.

     

    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 

     

    TECC in Mumbai contact information: 

    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India

    Telephone: +91-22-48943005 / +91-22-48943006

    Emergency hotline: +91-8850842243

    Email: bom@mofa.gov.tw

    MIL OSI China News

  • MIL-OSI China: MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    October 14, 2024  

    Commenting on China’s joint military drills around Taiwan during an interview with the press on October 14, Japanese Prime Minister Shigeru Ishiba pointed out that peace and security in and around the Taiwan Strait were an extremely important issue to the region. He stated that Japan would carefully monitor the situation and prepare to respond to any development.

     

    The Ministry of Foreign Affairs (MOFA) affirms and appreciates Prime Minister Ishiba’s public expression of great concern and support for peace and stability across the Taiwan Strait immediately after China launched military drills around Taiwan.

     

    Also on October 14, Japanese Minister for Foreign Affairs Takeshi Iwaya and Minister of Defense Gen Nakatani stressed the importance of cross-strait peace to regional security and stability and stated that they would closely monitor the situation and remain vigilant concerning related developments.

     

    Maintaining cross-strait peace and stability is a matter of international consensus. China’s repeated use of pretexts to suppress and intimidate Taiwan has undermined peace and stability across the Taiwan Strait and in the Indo-Pacific. MOFA again urges China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. For its part, Taiwan will continue to enhance its self-defense capabilities and work with the United States, Japan, and other like-minded partners to safeguard the rules-based international order.

    MIL OSI China News

  • MIL-OSI China: MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    October 16, 2024

    In response to a question from the media on October 16, a spokesperson for the Australian Department of Foreign Affairs and Trade said that Australia was deeply concerned that China had commenced large-scale military exercises around Taiwan and that Australia urged China to refrain from actions that increased the risk of accident and potential escalation. The spokesperson added that differences should be resolved through dialogue, not the threat of force or coercion, and that peace and stability across the Taiwan Strait were in the interests of all parties. 

    The Ministry of Foreign Affairs (MOFA) sincerely thanks the government of Australia for paying close attention to the Taiwan Strait situation, calling on China to show restraint, and underscoring the importance of cross-strait peace and stability. Taiwan will continue to work with Australia and other like-minded partners to uphold the rules-based international order and advance regional peace, stability, and prosperity.

    MIL OSI China News

  • MIL-OSI USA: Connolly Leads Bipartisan Letter Urging the Administration to Take Action on Double Taxation with Taiwan

    Source: United States House of Representatives – Representative Gerry Connolly (D-Va)

    Congressman Gerry Connolly (D-VA), a senior member of the House Committee on Foreign Affairs, co-Chair of the Congressional Taiwan Caucus, and the author of the Taiwan Tax Agreement Act of 2023, led four of his colleagues in writing to Secretary of State Antony Blinken and Secretary of the Treasury Janet Yellen to urge the Administration to take action on the issue of double taxation with Taiwan.

    In addition to Connolly, the letter was signed by Congressman Greg Meeks (D-NY), the Ranking Member of the House Committee on Foreign Affairs; Congressman Joe Wilson (R-SC), the Chairman of the House Subcommittee on the Middle East, North Africa, and Central Asia; Congressman Ami Bera (D-CA), the Ranking Member of the House Subcommittee on the Indo-Pacific and a co-Chair of the Congressional Taiwan Caucus; and Congressman Greg Stanton (D-AZ), a member of the House Committee on Foreign Affairs.

    “As supporters of strong commercial ties between the U.S. and Taiwan, we write to urge you to take action to remedy double taxation burdens as we await the Senate passage of Taiwan-related provisions in the Tax Relief for American Families and Workers Act of 2024,” wrote the Members.

    “While we continue to believe legislative action in the Senate, namely the authorization included in the Tax Relief for American Families and Workers Act of 2024, is needed to conclude a double taxation agreement, we welcome the Administration’s desire to begin negotiations between the American Institute in Taiwan and the Taiwan Economic and Cultural Representative Office on said agreement,” the Members continued. “We urge that such negotiations begin in earnest and that the Departments of State and Treasury use existing statutory authority to lower these barriers to trade in order to facilitate investment, protect against tax evasion, and shield businesses and individuals in the U.S. and Taiwan from the strain that double taxation causes.”

    “Taiwan has grown to be an economic juggernaut in the Indo-Pacific and around the world. We must ensure that companies from the U.S. and Taiwan are not disadvantaged in conducting bilateral investment. Curing double taxation will be a clear reassertion of our support for a strong and prosperous Taiwan, for its own sake and as a bulwark against an increasingly aggressive China,” the Members concluded.

    Full text of the letter is available here and below.

    Dear Secretary Blinken and Secretary Yellen:

    As supporters of strong commercial ties between the U.S. and Taiwan, we write to urge you to take action to remedy double taxation burdens as we await the Senate passage of Taiwan-related provisions in the Tax Relief for American Families and Workers Act of 2024.

    While we continue to believe legislative action in the Senate, namely the authorization included in the Tax Relief for American Families and Workers Act of 2024, is needed to conclude a double taxation agreement, we welcome the Administration’s desire to begin negotiations between the American Institute in Taiwan and the Taiwan Economic and Cultural Representative Office on said agreement. We urge that such negotiations begin in earnest and that the Departments of State and Treasury use existing statutory authority to lower these barriers to trade in order to facilitate investment, protect against tax evasion, and shield businesses and individuals in the U.S. and Taiwan from the strain that double taxation causes.

    As one of the world’s largest economies and a major regional player, Taiwan is a critical economic partner for the United States. Taiwan is the United States’ seventh-largest merchandise trading partner, with $128 billion in total goods trade. The U.S., meanwhile, is Taiwan’s second-largest trading partner. In 2023 alone, U.S. direct investment stock in Taiwan grew to $19.3 billion, with Taiwan’s direct investment stock in the United States reaching $15.6 billion, a testament to our ever-growing bilateral economic partnership.

    We must do all we can to strengthen that partnership – including by implementing a tax agreement that removes unnecessary barriers and benefits businesses in both the U.S. and Taiwan. As we await Senate action on Taiwan-related provisions in the bipartisan Tax Relief for American Families and Workers Act, including an authorization for the American Institute in Taiwan and Taiwan Economic and Cultural Representative Office to negotiate a tax agreement, we urge you to take interim steps to allow businesses on either side to invest without the burden of double taxation.

    Taiwan has grown to be an economic juggernaut in the Indo-Pacific and around the world. We must ensure that companies from the U.S. and Taiwan are not disadvantaged in conducting bilateral investment. Curing double taxation will be a clear reassertion of our support for a strong and prosperous Taiwan, for its own sake and as a bulwark against an increasingly aggressive China.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Plastic-free culture established: CE

    Source: Hong Kong Information Services

    (To watch the full media session with sign language interpretation, click here.)

    Chief Executive John Lee said today that the six-month adaptation period for the regulation of disposable plastic tableware and other plastic products has gone smoothly and that a plastic-free culture in the city has been built.

    Prior to attending an Executive Council meeting this morning, Mr Lee elaborated on arrangements concerning the regulation, stating that the sale of various items of disposable plastic tableware will be prohibited in the next phase.

    He said: “This plastic-free culture we want to build – we have already finished the first phase, which was the six-month adaptation period for the first phase of plastic products to be first of all no longer provided, and also not to be offered for sale. I think this six-month adaptation period has gone on smoothly. Generally, I think the culture has been built.”

    The Chief Executive highlighted that the Government will try to help businesses go through the transition. He stressed that before any enforcement action are taken against firms, the Environmental Protection Department will give them 10 days to correct any infringements in their operations.

    “If no correction is taken after 10 days, then enforcement action will be taken,” he added.

    MIL OSI Asia Pacific News