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Category: Asia Pacific

  • MIL-OSI Asia-Pac: Make in India Powers Energy Transition: Fuels renewable energy equipment boom

    Source: Government of India

    Make in India Powers Energy Transition: Fuels renewable energy equipment boom

    India’s solar PV module manufacturing capacity increases from 2.3 GW to 67 GW under 10 years of Make In India

    Posted On: 25 SEP 2024 6:39PM by PIB Delhi

    As “Make in India” initiative of Government of India completes 10 years, it has been proven to be a driving force in promoting investment, fostering innovation, and building world-class infrastructure to transform India into a hub for manufacturing, design, and innovation. It continues to play a pivotal role in developing a robust manufacturing sector for renewable energy in the country. One of the key focuses of the Government is to support and incentivize domestic manufacturing in the renewable energy sector. The renewable energy equipment manufacturing sector in India is well-positioned to meet domestic demand and serve the global market through exports, establishing India as a key player in the renewable energy manufacturing space.

    Union Minister for New and Renewable Energy Shri Pralhad Joshi posted on X ” India’s renewable energy sector has contributed immensely to the #10YearsOfMakeInIndia. From PLI to VGF, we are extending all possible support to our domestic industries. We are committed to establishing India as a major global player in the complete value chain of clean energy solutions.”

    Measures taken to promote domestic renewable energy equipment manfacturing

    Several measures have been taken by the Union Government to promote the domestic manufacturing of renewable energy equipment, such as solar PV modules, cells, and upstream components like ingots, wafers, and polysilicon. These efforts also include the manufacturing of wind turbines, electrolysers for green hydrogen production, and battery energy storage systems for utility-scale electricity storage applications.

    The Government’s efforts span financial, fiscal, and policy measures aimed at bolstering domestic production. Financial incentives include the Production Linked Incentive (PLI) scheme for setting up fully or partially integrated manufacturing units for solar PV modules and upstream components. Additional support measures include Viability Gap Funding (VGF) for stationary Battery Energy Storage System projects and incentives for manufacturing electrolysers and green hydrogen production under the National Green Hydrogen Mission. Fiscal incentives include concessional customs duties on inputs required for domestic manufacturing, waivers on import duties for specific capital goods needed for solar PV cell and module production, and impositions of basic customs duties on imports of solar PV modules, cells, and inverters.

    Under Union Minister for New and Renewable Energy Shri Pralhad Joshi, policy measures have been taken through provisions such as the Domestic Content Requirement (DCR) in schemes like PM Surya Ghar: Muft Bijli Yojana, PM-KUSUM, and CPSU Scheme Phase-II, where Government subsidies are provided. Other policies include linking PLI amounts to local value addition, Quality Control Orders for solar equipment, and approved lists of models and manufacturers for solar and wind technologies.

    Boost to Solar PV manufacturing

    Solar PV manufacturing remains a significant focus of the Government’s efforts. The Government is committed to making India self-reliant (Atmanirbhar) in solar PV manufacturing and establishing India as a major player in the global value chain. This commitment is demonstrated by the Rs. 24,000 crores outlay for the PLI Scheme for High-Efficiency Solar PV Modules and additional policy interventions, such as the imposition of basic customs duties and domestic content requirements.

    Since 2014, India’s installed solar PV module manufacturing capacity has grown from 2.3 GW to approximately 67 GW, thanks to various measures under the “Make in India” initiative. This increase makes India capable of meeting domestic demand while also catering to exports. The country has seen rapid growth in solar PV module production capacity, jumping from 8 GW in 2021 to 67 GW per year in the last 3.5 years alone.

    Furthermore, over 48 GW of fully or partially integrated solar PV module manufacturing projects are currently under implementation under the solar PLI scheme. Once completed, these projects will attract an investment of approximately Rs. 1.1 lakh crores and create direct employment for around 45,000 people. The solar PLI scheme will also bring cutting-edge solar PV module manufacturing technology to India, reducing the country’s dependence on imports. With the solar PLI scheme and the Government’s supportive policy framework, India is projected to achieve 100 GW per year of solar module production capacity by 2026, which will not only satisfy domestic demand but also contribute to earning foreign exchange through exports.

    India’s renewable energy sector has contributed immensely to the #10YearsOfMakeInIndia. From PLI to VGF, we are extending all possible support to our domestic industries. We are committed to establishing India as a major global player in the complete value chain of clean energy… pic.twitter.com/OE4iHjI0ee

    — Pralhad Joshi (@JoshiPralhad) September 25, 2024

    ***

    Navin Sreejith

    (Release ID: 2058735) Visitor Counter : 64

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Shri Jyotiraditya M. Scindia to Attend the Northeast Trade and Investment Roadshow in Bengaluru

    Source: Government of India (2)

    Posted On: 25 SEP 2024 7:17PM by PIB Delhi

    The Ministry of Development of the Northeastern Region (MDoNER) is organising the Northeast Trade and Investment Roadshow in Bengaluru on September 26, 2024, starting at 5 PM at the Four Seasons Hotel. The event will be graced by SHRI JYOTIRADITYA M. SCINDIA, Hon’ble Union Minister of Communications and Development of the Northeastern Region, Government of India.

    Senior officials from MDoNER, including Shri Chanchal Kumar, Secretary, and Sushri Monalisa Dash, Joint Secretary, will also be present, along with representatives from various Northeastern states.

    The event is being organised in collaboration with State governments of Northeastern, FICCI (Industry Partner), and Invest India (Investment Facilitation Partner).

    This marks the fourth major Roadshow in Bengaluru, featuring presentations from representatives of the eight Northeastern states: Assam, Arunachal Pradesh, Tripura, Mizoram, Manipur, Meghalaya, Sikkim, and Nagaland. They will highlight various investment opportunities in their respective states.

    Key investable sectors include IT & ITES, Healthcare, Education & Skill Development, Sports & Entertainment, Tourism & Hospitality, and Energy—all crucial for the region’s economic growth.

    The Northeast Investors Summit, organised by MDoNER, aims to attract investments and stimulate economic development. Previous roadshows in Mumbai, Hyderabad, and Kolkata received strong participation, while the State Seminar at Vibrant Gujarat drew significant interest from potential investors.

    To build on these efforts, MDoNER held a signing and exchange of MOUs event for the North East Investors Summit on March 6, 2024, at Vigyan Bhawan, New Delhi, facilitating Business-to-Government (B2G) meetings with senior officials from state governments.

    The Roadshow in Bengaluru is expected to attract many potential investors eager to be part of the growth journey in North East India.

    ****

    MG/SB/DP

    (Release ID: 2058755) Visitor Counter : 38

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: President of India to visit Siachen Base Camp Tomorrow

    Source: Government of India (2)

    Posted On: 25 SEP 2024 7:15PM by PIB Delhi

    The President of India, Smt Droupadi Murmu will visit Siachen Base Camp tomorrow (September 26, 2024) and interact with the Troops posted there.

    ​***

    MJPS/SS/VJ/SR/ST/SKS 

    (Release ID: 2058753) Visitor Counter : 63

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Prime Minister shares his thoughts on ‘Make in India’ and salutes innovators and wealth creators who have powered the spirit of this scheme

    Source: Government of India (2)

    Posted On: 25 SEP 2024 7:18PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi today penned thoughts on ‘Make in India’ and salutes innovators and wealth creators who have powered the spirit of Make in India.

    Shri Modi said that Make In India initiative has furthered growth and given wings for our Yuva Shakti to dream big.

    The Prime Minister’s thought on Make in India can be read at LinkedIn

    The Prime Minister said in a X post;

    “A salute to every innovator and wealth creator who has powered the spirit of @makeinindia. This initiative has furthered growth and given wings for our Yuva Shakti to dream big! Penned a few thoughts on @LinkedIn. https://www.linkedin.com/pulse/10-years-make-india-narendra-modi-sb2if? #10YearsOfMakeInIndia” 

    A salute to every innovator and wealth creator who has powered the spirit of @makeinindia. This initiative has furthered growth and given wings for our Yuva Shakti to dream big! Penned a few thoughts on @LinkedIn. https://t.co/JTXZL5cPxp #10YearsOfMakeInIndia

    — Narendra Modi (@narendramodi) September 25, 2024

    *******

    MJPS/ST

    (Release ID: 2058759) Visitor Counter : 28

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Union Jal Shakti Minister Shri C.R. Paatil to visit Odisha to participate in activities under ongoing Swachhata Hi Seva (SHS) 2024 Campaign

    Source: Government of India

    Union Jal Shakti Minister Shri C.R. Paatil to visit Odisha to participate in activities under ongoing Swachhata Hi Seva (SHS) 2024 Campaign

    Odisha to hold 25,376 events, transformation of 2003 Cleanliness Target Units (CTUs) and 314 SafaiMitra Suraksha Shivirs across its rural areas under SHS 2024

    Posted On: 25 SEP 2024 7:31PM by PIB Delhi

    Union Minister of Jal Shakti, Shri C.R. Paatil, will be visiting Odisha tomorrow to take part in activities for the ongoing Swachhata Hi Seva (SHS) campaign. Joined by the Chief Minister of Odisha, Shri Mohan Charan Majhi, the visit will focus on assessing the State’s performance in sanitation, cleanliness, ODF Plus Model declaration and improved waste management systems.

    Key Highlights of the Visit

    The visit will begin at Suando village, the birthplace of Utkalamani Pandit Gopabandhu Das, a noted social reformer of Odisha, where the Union Minister will take part in a tree plantation drive as a part of the SHS campaign under Ek Ped Ma Ke Naam. The dignitaries will be visiting the Utkalamani Memorial Museum, following which they will visit the Bidyadharpur village, to engage with beneficiaries of the Individual Household Latrines (IHHL) programme and assess the various sanitation assets created under SBM(G).

    A convention will be held at Biraramachandrapur GP for Village Water and Sanitation Committee (VWSC) members, during which the VWSC Training Manual will be launched. The event will include demonstrations of water testing by women’s self-help groups (SHGs) and award distribution to best-performing Gram Panchayats.

    Review of Sanitation and Waste Management Progress

    During the visit, the Union Minister will review Odisha’s ongoing progress under SBM-G, where 65.88% of villages have been declared ODF Plus Model villages and 91.38% villages have arrangements for greywater management and 70.69% villages have arrangements of Solid Waste Management. While substantial progress has been made in the state, the way ahead will ensure ODF Plus Model verification for all villages by December 2024. The Minister’s visit will also enable the State’s ongoing efforts in furthering forward linkages for expediting use of plastic waste in road construction and ensuring ODF sustainability apart from involving SHGs in O&M of sanitation assets.

    Public Engagement and Mass Participation

    The visit comes in the backdrop of the ongoing Swachhata Hi Seva (SHS) 2024 campaign, which is seeing massive participation across all 314 blocks of Odisha. This campaign is ongoing from September 17 to October 1, with the culmination on Gandhi Jayanti, commemorating the 10th anniversary of the Swachh Bharat Mission.

    Under the Swachhata Hi Seva campaign, Odisha has planned for 25,376 events, transformation of 2003 Cleanliness Target Units (CTUs) and 314 SafaiMitra Suraksha Shivirs across its rural areas. Out of these 11,799 events have already been completed seeing a participation of 20.7 lakh people till date. This number reflects the ongoing efforts that are being made to involve local communities in taking ownership of their sanitation systems and ensuring that the gains made through Swachh Bharat Mission are sustained.

    On September 26, 2024, a major ‘Safai Mitra Suraksha Shivir’ event across 314 blocks will be held to promote the safety and welfare of sanitation workers across the state.

    The visit by the Union Minister of Jal Shakti is a testament to the Government’s resolve to drive the message of cleanliness across rural India and ensure that the vision of Sampoorna Swachh Bharat becomes a permanent reality.

    *****

    VM

    (Release ID: 2058763) Visitor Counter : 48

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Shri Ashwini Vaishnaw attends Swachhta Hi Seva, 2024 campaign in New Delhi

    Source: Government of India

    Shri Ashwini Vaishnaw attends Swachhta Hi Seva, 2024 campaign in New Delhi

    The Minister administered pledge to the ministry officials for Cleanliness and Environment Sustainability

    Shri Ashwini Vaishnaw planted a sapling at Soochna Bhawan under the drive ‘Ek Ped Maa ke Naam’

    Community Service Initiative is very important for Local Cleanliness : Shri Ashwini Vaishnaw

    Posted On: 25 SEP 2024 7:28PM by PIB Delhi

    The Union Minister for Information and Broadcasting Shri Ashwini Vaishnaw took part in a series of events as part of the Swachhta Hi Seva, 2024 campaign at Soochna Bhawan hosted by Central Bureau of Communication (CBC), emphasizing the importance of cleanliness and environmental stewardship.

    The minister administered oath to officers and staff of Ministry of Information and Broadcasting at Soochna Bhawan where participants committed to promoting cleanliness and sustainable practices within their spheres of influence.

    In continuation of the ‘Ek Ped Maa ke Naam’campaign launched by Prime Minister Shri Narendra Modi, a sapling plantation drive was also initiated by Shri Ashwini Vaishnaw highlighting the dual objective of cleanliness and environmental conservation. He also distributed saplings to the employees and underlined individual responsibility towards the environment.

    The Minister was accompanied by Shri L Murugan, Minister of State for Ministry of Information and Broadcasting, Shri Sanjay Jaju, Secretary, Ministry of Information and Broadcasting, Chairperson, Press Council of India, officers from the Ministry of Information and Broadcasting,  Media heads from other wings of M/o I&B and officers/officials in large number were also present during the events.

    ***

    Dharmendra Tewari/

    (Release ID: 2058762) Visitor Counter : 55

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: MoS, Shri Harsh Malhotra takes part in “Ek Ped Maa Ke Naam” Plantation Drive of M/o Corporate Affairs under Swachhata Hi Seva Campaign 2024

    Source: Government of India

    Posted On: 25 SEP 2024 7:47PM by PIB Delhi

     Minister of State In Ministry of Corporate Affairs and Ministry of Road Transport and Highways, Shri Harsh Malhotra today (25.09.2024) participated in a plantation drive “Ek Ped Maa ke Naam” under Swachhata Hi Seva Campaign 2024 at Kota House, Shahjahan Road, New Delhi  alongwith the Senior Officers of Ministry of Corporate Affairs.  The event inculcates importance of Bhagidari Shramdaan and vitality of green cover for safer environment.  The nationwide “Swachhata Hi seva Abhiyan 2024” is being observed from 17th September, 2024 to 02nd October, 2024 on the theme of Swabhav Swachhata – Sanskar Swachhata.  “Swachhata Hi Seva Abhiyan 2024” aims to create greater awareness about the importance of cleanliness and environmental protection, with the plantation being a key activity.  This initiative is a part of the Government’s efforts to promote a clean and green India under the Swachh Bharat Mission, which is being observed to commemorate the 10h anniversary of its launch by the Prime Minister in 2014 on 2nd October (Gandhi Jayanti).

    Ms. Deepti Gaur Mukerjee, Secretary, Ministry of Corporate Affairs along with the officers/staff of the Ministry led a mass cleanliness drive at identified Cleanliness Target Unit (CTU) in a public park near Shastri Bhawan, New Delhi on 24th September, 2024. 

    The cleanliness drive was carried out with enthusiastic participation to ensure cleanliness and make garbage free India a reality.  The events underline the Ministry’s ongoing efforts to uphold the values of cleanliness and environmental responsibility as part of the larger mission of public welfare. 

    ****

    NB/AD

    (Release ID: 2058776) Visitor Counter : 22

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Jammu and Kashmir votes amidst a tranquil and festive atmosphere in Phase 2

    Source: Government of India

    Jammu and Kashmir votes amidst a tranquil and festive atmosphere in Phase 2

    Voters across 6 districts queued up in large numbers and exercised their franchise

    Voting took place peacefully in 106 Border Polling Stations near LOC in Poonch & Rajouri district; 13 polling stations set up across the fence

    History in the making as voters of Jammu-Kashmir embrace democratic process over violence and boycott – CEC Rajiv Kumar

    Phase-2 voter turnout 54.11% as of 7 PM

    Posted On: 25 SEP 2024 8:21PM by PIB Delhi

    In the penultimate phase of the elections to the Jammu-Kashmir Legislative Assembly, voters queued up in long lines at the Polling Stations dotting the picturesque landscape and carried forward the momentum witnessed during Phase-1. Voting across 26 ACs which commenced at 7 AM today was held peacefully without any incidents of violence. As of 7 PM, a voter turnout of 54.11% was recorded at the polling stations. The overall voter turnout recorded in these six districts that went for polls in Phase 2 have also surpassed the turnout recorded in Lok Sabha Elections 2024. Phase-1 of the Jammu-Kashmir Assembly elections had also witnessed an encouraging response by voters with a voter turnout of 61.38% at Polling Station across 24 ACs.

    Voters queuing up at polling stations in second phase of J&K elections

    CEC Shri Rajiv Kumar along with ECs Shri Gyanesh Kumar and Dr. Sukhbir Singh Sandhu had maintained a constant supervision of the polling process to ensure that the polling took place in an incident free manner. Earlier in the day, interacting with media at Nirvachan Sadan, CEC Rajiv Kumar said that these elections are “history in the making”, the echoes of which will be carried through posterity. He added that the valleys and the mountains which had once witnessed fear and boycott, are now taking part in the democratic festivities or “Jashn-e-Jamhuriyat”. Strong security measures were in place creating a conducive environment for voters to cast their vote without fear or intimidation. Webcasting was in place in all polling stations to ensure transparency of the voting process. While demonstrating the visuals emerging live from the Polling Stations in Jammu & Kashmir, CEC Kumar lauded the voters seen patiently waiting for their turn to vote at the Polling Stations and said that it is a resounding statement of their belief in democracy.

    Voters in Poonch District, Jammu-Kashmir

    In Phase-2, 26 Assembly Constituencies, spread across 6 districts saw polling across 3502 Polling Stations set up for voters in this phase. 239 Candidates were in the fray including 233 men and 6 women candidates in this phase of the elections. The six districts that went to polls in phase 2 are – Budgam, Ganderbal, Poonch, Rajouri, Reasi and Srinagar.

    Young voters reflected the aspirations of peace, democracy and progress as first time voters proudly showcased their inked fingers after voting. A total of over 1.2 lakh electors are in the age of 18-19 for phase 2.

    Voters across age groups displaying their inked fingers

    Accessibility is one of the key pillars of the voting experience that ECI is committed to. Shri Rakesh Kumar, Bronze medalist at the recently concluded Paris Paralympics and ECI’s National PwD icon also showed up to fulfil his civic responsibility and cast his vote at Sri Mata Vaishno Assembly Constituency earlier today. One polling station in each AC was manned by Persons with Disabilities. 26 Polling Stations were managed by women.

    ECI National PwD icon Shri Rakesh Kumar and PwD voters voting in Phase-2 of J&K elections

    Pwd manned PS no 80 Dhanori, AC-58 Shri Mata Vaishno Devi & women managed PS

    The Dal lake provided a scenic backdrop for the polling festivities. Voters reached their polling stations aboard the iconic Shikara to cast their vote. Voting took place in a tranquil atmosphere free of fear and intimidation. Voters inhabiting the areas near the border were also empowered to exercise their franchise at 55 Border Polling Stations set up near the LoC in 89 Poonch Haveli and 90- Mendhar AC in Poonch district and 51 such polling stations in Rajouri district. These Border Polling Stations saw voting today in line with the Commission’s resolve to bring even the remotest corners of the country into the democratic fold.

    Border PS 1 Noorkot, 89 Poonch Haveli AC and voters going by Shikara at Dal Lake

     

    Border Polling stations in 84 Nowshera AC in Rajouri district

    Border Polling Station 84-Nowshera, situated less than 1 Km away from the Border

    Kashmiri Migrant voters were also empowered to exercise their franchise through 24 Special Polling Stations setup in Jammu (19), Udhampur (1) and Delhi (4). Earlier, the Commission had eased the process for Kashmiri migrant voters by abolishing the cumbersome Form-M and enabling self-certification.

    Home-voting facility, introduced for the first time in Assembly elections in J&K saw democracy being taken to the doorsteps of those who are bound by physical limitations. Many voters aged above 85 years and PwDs with 40% benchmark disability opted to vote from the comfort of their homes. The entire process was videographed to ensure transparency while preserving the secrecy of the ballot. 

    As part of ECI’s commitment to make the voting experience pleasant and memorable, Assured Minimum Facilities (AMF’s) like drinking water, electricity, toilet, ramp, furniture, adequate shelter, helpdesk, wheel chair & volunteers amongst others were provided at all Polling Stations. One polling station each, exclusively managed by women and PwDs, was set up in every AC for giving a comfortable voting experience.

    The provisional voter turnout figures of 54.11% as of 7 PM will continue to be updated AC wise on the Voter Turnout App by the ROs, as and when the polling parties formally close the poll and return from the polling stations based on the geographical/logistical conditions and after scrutiny of statutory papers and consideration of repolls, if any. The Commission for convenience of stakeholders, will also issue another press note with provisional voter turnout figures at ~2345 hours today.

     

    District-Wise Approximate Voter Turnout in Phase – 2 (7PM)

    Sl. No.

    Districts

    No. ACs

    Approximate Voter Turnout %

    1

    Budgam

    5

    58.97

    2

    Ganderbal

    2

    58.81

    3

    Poonch

    3

    71.59

    4

    Rajouri

    5

    68.22

    5

    Reasi

    3

    71.81

    6

    Srinagar

    8

    27.37

    Above 6 Districts

    26

    54.11

    Polling for the third phase will be held on October 1, 2024. Counting of votes is scheduled on October 8, 2024.

    ***************

    PK/RP 

    (Release ID: 2058809) Visitor Counter : 63

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Union Health Ministry releases National Health Accounts Estimates for India 2020-21 and 2021-22

    Source: Government of India (2)

    Union Health Ministry releases National Health Accounts Estimates for India 2020-21 and 2021-22

    The methodology taken for these NHA estimates has improved over the last 9 years and has resulted in a more robust and accurate account of the government’s expenditure on Health: Member, NITI Aayog

    “The decline in Out-of-Pocket expenditure out of Total Health Expenditure from 64.2% in 2013-14 to 39.4% in 2021-22 reflects a very positive indicator”

    Government Health Expenditure’s share in the country’s total GDP increases from 1.13% (2014-15) to 1.84% (2021-22)

    Share of Government Health Expenditure in Total Health Expenditure increases from 29.0% (2014-15) to 48.0% (2021-22)

    Per capita Government spending on healthcare triples

    Posted On: 25 SEP 2024 8:07PM by PIB Delhi

    The Union Health Ministry released the National Health Account (NHA) estimates for India 2020-21 and 2021-22. These estimates are the eighth and ninth in the series of reports released annually by the Union Ministry of Health & Family Welfare.

    Addressing the session, Dr V K Paul, Member (Health), NITI Aayog said that “the methodology taken for these NHA estimates has improved over the last 9 years and has resulted in a more robust and accurate account of the government’s expenditure on Health”. He said, “the decline in Out-of-Pocket expenditure out of Total Health Expenditure from 64.2% in 2013-14 to 39.4% in 2021-22 reflects a very positive indicator.”

    Dr Paul highlighted that “more than Rs 1 lakh crore savings have accrued from the Ayushman Bharat PMJAY and this has had a positive impact on the recent NHA estimates. He also stated that other schemes like the Free Dialysis scheme, launched in 2015-16 has benefited 25 lakh people.”

    Speaking on the occasion, Union Health Secretary Shri Apurva Chandra said that “a substantial increase has been noticed in the health expenditure of the government while the out-of-pocket expenditure has come down which is a good sign.” He highlighted that the total health expenditure has also made a significant increase which reflects the emphasis of the government towards health.

    The NHA estimates are based on the globally accepted framework of ‘A System of Health Accounts (SHA), 2011’ which facilitates inter-country comparisons. This report provides a systematic description of the financial flows in India’s health system by different sources, how the money is spent, how healthcare is provided, and the nature of healthcare services that are used.

    The NHA estimates for 2021-22 show that Government expenditure for healthcare continues to increase in the country, highlighting the efforts of the Government to increase public investments in the health sector. The share of Government Health Expenditure (GHE) in the overall GDP of the country has increased from 1.13% in 2014-15 to 1.84% in 2021-22. In terms of share in the General Government Expenditure (GGE), it has increased from 3.94% in 2014-15 to 6.12% in 2021-22.

     

    Figure 1: Government Health Expenditure (GHE) as % of GDP

     

    Figure 2: Government Health Expenditure (GHE) as % of General Government Expenditure (GGE)

    In per capita terms, GHE has tripled, from Rs. 1,108 to Rs. 3,169   between 2014-15 to 2021-22. The Government spending on health between 2019-20 and 2020-21 increased by 16.6%, while between 2020-21 and 2021-22, it grew by an unprecedented rate of 37%, highlighting the proactive role played by the Government in tackling the COVID-19 pandemic.

    The increase in Government spending on health has an important implication for the reduction of financial hardship endured by households. In the Total Health Expenditure (THE) of the country between 2014-15 and 2021-22, the share of GHE has increased from 29% to 48%. During the same period, the share of Out-of-Pocket Expenditure (OOPE) in THE declined from 62.6% to 39.4%.

    The continuous decline in the OOPE in the overall health spending vindicates the substantial efforts made by the Government in the progress towards ensuring financial protection and Universal Health Coverage for its citizens. 

     

    Figure 3: Government Health Expenditure (GHE) and Out-Of-Pocket Expenditure (OOPE) as % of Total Health Expenditure (THE)

     

    Another positive trend in the country’s health financing space is the increase in Social Security Expenditure (SSE) on healthcare. This increase in social security has a direct impact on reducing out-of-pocket payments. A robust social security mechanism ensures that individuals will not face financial hardship and the risk of poverty as a consequence of accessing essential healthcare services. The share of SSE on health, which includes Government-funded health insurance, medical reimbursement to Government employees, and social health insurance programs, in THE, has increased from 5.7% in 2014-15 to 8.7% in 2021-22.

    The NHA Estimates for 2020-21 and 2021-22 released today can be accessed here: https://nhsrcindia.org/national-health-accounts-records.

    Smt. Punya Sasila Srivastava, Officer on Special Duty, Health Ministry; Shri Jaideep Kumar Mishra, Addl. Secy and Financial Adviser, Health Ministry; Smt. L S Changsan, Addl. Secy, Health Ministry; Smt. Aradhana Patnaik, Addl. Secy, Health Ministry; Smt. Indrani Kaushal, Senior Economic Advisor, Health Ministry; Shri Saurabh Jain, Joint Secretary, Health Ministry and other senior officers

     

    ******

    MV

    HFW/ Release of NHA Estimates/25th September 2024/4

    (Release ID: 2058791) Visitor Counter : 60

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Legislative Department Organized the Health Checkup Camp

    Source: Government of India (2)

    Posted On: 25 SEP 2024 9:47PM by PIB Delhi

    The Legislative Department organized the Health Checkup Camp in the premises of Shastri Bhawan, New Delhi for spreading message of healthy and hygienic life as a part of the various initiatives to be taken during the Swachhata Hi Sewa Campaign (SHS), 2024. The events took place in the presence of Shri R.K. Pattanayak, Joint Secretary/Nodal Officer, along with several officers and staff/cleaning staff of the Legislative Department as well Department of Legal Affairs. On the occasion, Nodal Officer Shri R.K. Pattanayak emphasized upon the importance of the Campaign.

                                                                                             

    ***

    MG/SB/DP

     

    (Release ID: 2058835) Visitor Counter : 73

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: Representatives of States/UTs attended the meeting organized by NCPCR to discuss the status of implementation of NCPCR’s Model Guidelines with respect to Support Persons under POCSO Act, 2012

    Source: Government of India

    Posted On: 25 SEP 2024 8:37PM by PIB Delhi

    The Hon’ble Supreme Court in the case titled “We the women of India v. Union of India and Ors. Writ Petition(s) (Civil) No. 1156/2021 and in Writ Petition No. 427/2022 title BachpanBachaoAndolan v. Union of India” vide its order dated 09.10.2023 had directed the Commission to formulate Model Guidelines with respect to Support Persons under Section 39 of the POCSO Act, 2012 in consultation with the State Governments and the Government of Union Territories.

     

    ​Accordingly, the Commission had prepared the Model Guidelines and the same was filed before the Hon’ble Supreme Court. Now, the Hon’ble Court vide its order dated 30.07.2024 was pleased to pass an order thereby directing all the States/UT’s to implement the aforesaid guidelines and thereafter informing the Commission regarding the status of implementation.

    ​Therefore, the NCPCR in compliance to the order of the Hon’ble Supreme Court organised a meeting to discuss the status of implementation of NCPCR’s Model Guidelines with respect to Support Persons under Section 39 of POCSO Act, 2012. The meeting was held on 25/09/2024 at Vigyan Bhawan, New Delhi. Representatives of 24 States/UTs attended the meeting.

    ​Smt. Preeti Bharadwaj Dalal, Member (Law Relating to Children) and Smt. Divya Gupta, Member (Child Health, Care, Welfare), NCPCR, welcomed all attendees and addressed the gathering while emphasizing the need of implementation of the Model Guidelines with respect to Support Persons under Section 39 of POCSO Act, 2012 in every State and UT.

    ​Shri Priyank Kanoongo, Chairperson, NCPCR, gave the keynote address to welcome the officers from States and Union Territories and further emphasized that this meeting has been organised to ensure compliance of the Hon’ble Supreme Court’s orders passed for implementation of the Model Guidelines with respect to Support Persons under Section 39 of POCSO Act. Shri Kanoongo also discussed the key objective of Support Persons under the POCSO Act, 2012 which is to provide emotional and psychological support to the child victims during the legal proceedings and further ensure their wellbeing and protection.

    ​Chairperson, NCPCR informed that necessary directions had been issued for the implementation of the aforesaid guidelines to all States/UTs and thereafter the States/UTs had been directed to submit a Compliance Report regarding the implementation in this regard as well as to furnish the information in respect of copy of the order regarding implementation of Guidelines in all the districts of the State, copy of the advertisement for Empanelment of Support Persons and copy of order issuing the directions to upload details of Support Persons on NCPCR’s “POCSO Tracking Portal”.

    ​He also suggested that rehabilitation of a victim of child sexual abuse is possible when a Support Person is engaged with the victim. He further emphasised that it is important to empanel Support Persons in ratio of the pendency of cases of child sexual abuse in a particular State and the details of such empanelled Support Person shall be uploaded on the “POCSO Tracking Portal” in order to ensure transparency and timely support to child victims.

    ​The meeting was followed by open house discussion and suggestions on the status of implementation of the guidelines from the present representatives of the States/UTs.

    ​At the end of the program, Smt. Rupali Banerjee Singh, Member Secretary, NCPCR thanked all the participants for their active participation.

    ** **

    SS/MS

    (Release ID: 2058818) Visitor Counter : 65

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Asia-Pac: 10 Years of Make in India

    Source: Government of India (2)

    10 Years of Make in India

    Transforming India into a Global Manufacturing Powerhouse

    Posted On: 25 SEP 2024 9:59PM by PIB Delhi

    Click here more detail:- 10 Years of Make in India

    ****

    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

    (Release ID: 2058837) Visitor Counter : 33

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI NGOs: Hong Kong: ‘Rule by fear’ as first journalists sentenced to prison under sedition law for doing their job

    Source: Amnesty International –

    26 Sep 2024, 02:30pm

    (Left) Former Chief Editor of Stand News Chung Pui-kuen and (Right) Former Acting Chief Editor of Stand News Patrick Lam © Vernon Yuen/NurPhoto via Getty Images

    Journalists Chung Pui-kuen and Patrick Lam should have their convictions quashed

    Authorities must stop using sedition charge to gag press freedom and other human rights  

    ‘There has rarely been a more dangerous time to work in media in the city’- Sarah Brooks

    Responding to the sentencing to prison for sedition of Chung Pui-kuen and Patrick Lam – two former editors at the defunct Hong Kong media outlet Stand News, Sarah Brooks, Amnesty International’s China Director, said:

    “The jailing of two journalists simply for doing their job makes this another bleak day for press freedom in Hong Kong.

    “The fact they are the first journalists to be sentenced to jail on colonial-era ‘sedition’ charges since before the Hong Kong handover of 1997 indicates that there has rarely been a more dangerous time to work in media in the city.

    “Just like the numerous other ‘sedition’ and national security convictions of activists, teachers and lawyers that we have seen in Hong Kong in recent years, today’s sentencing looks designed to reinforce a chilling effect that dissuades others in the city – and beyond – from criticising the authorities. It is rule by fear.

    “Once again, we urge the Hong Kong authorities to stop using ‘sedition’ and other national security-related laws as a pretext to crack down on press freedom and other human rights. The two journalists sentenced today have committed no internationally recognised crime and their convictions should be quashed.”

    Silencing press freedom

    Former chief editor of Stand News Chung Pui-kuen was today sentenced to 21 months in prison and former acting chief editor Patrick Lam was sentenced to 11 months after being convicted last month of conspiring to publish “seditious” publications under Hong Kong’s sedition law. Because both have already spent almost a year in pre-trial detention, Lam will not be returned to prison but Chung will be.

    The journalists’ prosecution along with Stand News’s parent company Best Pencil (Hong Kong) Limited was based on 17 allegedly seditious articles, including news reports, interviews, profiles, and opinion pieces. Stand News, a non-profit digital news outlet, ceased operating and deleted its website in December 2021 after its newsroom was raided by more than 200 national security police officers. 

    The journalists’ trial began in October 2022 – its conclusion was postponed numerous times before the courts issued a long-awaited verdict last month; the sentencing was also delayed.

    View latest press releases

    MIL OSI NGO –

    January 22, 2025
  • MIL-OSI: CETY CEO KAM MAHDI ADDRESSES GOVERNMENT AND BUSINESS LEADERS AT FORUM FOR LATVIA PRESIDENT EDGARS RINKĒVIČS’ ECONOMIC DELEGATION TO CALIFORNIA

    Source: GlobeNewswire (MIL-OSI)

    Irvine, CA, Sept. 26, 2024 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in North America, Europe, and Asia, today announced its participation in Latvia’s economic delegation visit to the US from September 17 to 23. Led by President Edgars Rinkēvičs, the delegation visited San Francisco and Silicon Valley, engaging with California government leaders, technology giants, and investors.

    CETY CEO Kam Mahdi was a key presenter at a program on the topic of California Technology Research and Investment. He discussed CETY’s growth as a comprehensive clean energy solutions company with growing global focus that includes expanding operations in North America, Europe, and Asia. The program was part of President Rinkēvičs focus on exploring opportunities for economic cooperation and growth for Latvia enterprises seeking a presence in the United States and specifically targeting California for its business and technology development ecosystem and leadership.

    The visit of President Rinkēvičs and other Latvian government officials and business leaders is an historic one. It was the first such high-level economic delegation to the US from Latvia. Accompanying President Rinkēvičs were Minister of Economics Viktors Valainis, Director General at Investment and Development Agency of Latvia Raivis Bremsmits, and over 50 Latvia entrepreneurs interested in California and North America for strategic growth. Meetings during the three-day visit included Microsoft, Google, NASA Ames, and Meta. AI was a big topic for this visit, especially given its potential use in all sectors and the concerns raised in the EU over privacy and security.

    Mr. Mahdi talked about the evolution of CETY from its inception, when it was first focused on waste heat recovery, using technology developed by General Electric, through its current expansion into becoming a comprehensive energy solutions provider. “We have developed expertise of the entire energy process from system design to generation and storage, distribution and management,” said Mahdi. “Clients come to us to discuss their needs, and we can develop solutions to effectively address them.”

    Mahdi also spoke at a meeting which included California State Treasurer Fiona Ma, Latvia Economics Minister Viktors Valainis, Latvia Investment and Development Agency Director Raivis Bremsmits, Toms Zvidriņš, Head of the US Office of Investment and Development Agency of Latvia, Martins Andersons, President of the American Latvian Association, and Latvia business leaders.

    CETY has been involved in a waste heat to energy project in Latvia since 2018, with EkoNams, a company that builds Scandanvian-style log homes, the design of which is influenced by historic craftsmanship and the execution of which relies on new technologies. Building on that project, CETY has been in discussion with other Latvia companies interested in collaboration or partnerships.

    President Rinkēvičs’ delegation followed up on a July 2024 California delegation to Latvia led by California State Treasurer Fiona Ma and State Senator Josh Newman. The delegation included California businesses, and involved meetings with top government and business leaders, including former Latvia Prime Minister and current European Commissioner for Trade Valdis Dombrovskis, Prime Minister Evika Siliņa, and Transportation Minister Kaspars Briškens, to discuss investment, economic and technological collaboration, and development opportunities in key Baltic growth sectors. As part of that delegation, Mr. Mahdi was an invited speaker on the Ministry of Foreign Affairs Forum on Sustainable Energy Technologies and Innovations, along with former California Senator and energy entrepreneur Robert Hertzberg.

    About Clean Energy Technologies, Inc. (CETY)

    Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company’s principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.

    CETY’s common stock is currently traded on the Nasdaq Capital Market under the symbol CETY. For more information, visit http://www.cetyinc.com.

    For video examples please visit CETY’s YouTube channel:
    https://www.youtube.com/@CleanEnergyTechnologiesInc.

    Follow CETY on our social media channels: Twitter | LinkedIn | Facebook

    This summary should be read in conjunction with the Company’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at http://www.sec.gov.

    Safe Harbor Statement

    This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of CETY’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “plan,” “expect,” “estimate,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Clean Energy Technologies, Inc.
    Investor and Investment Media inquiries:
    949-273-4990
    ir@cetyinc.com
    Source: Clean Energy Technologies, Inc.

    The MIL Network –

    January 22, 2025
  • MIL-OSI Asia-Pac: Health chief starts Beijing visit

    Source: Hong Kong Information Services

    Secretary for Health Prof Lo Chung-mau and a delegation today began their visit to Beijing by calling on Mainland officials to introduce them to the latest developments of various healthcare reforms in Hong Kong and deepen synergistic collaboration on healthcare-related areas with the Mainland.

    During a meeting with National Health Commission (NHC) Vice-minister Yu Xuejun, Prof Lo engaged in an in-depth discussion on how to further deepen cross-boundary collaboration on health and medical innovation between the Mainland and the Hong Kong Special Administrative Region.

    He also actively put forward to the NHC multiple proposals on measures for promoting the cross-boundary flow of innovation elements, including entry and exit of human genetic resources in the Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone (Development Plan for Shenzhen Park) promulgated by the State Council.

    Prof Lo noted that the Development Plan for Shenzhen Park emphasises the co-ordinated development of Shenzhen and Hong Kong through the establishment of an internationally competitive base for industrial pilot-scale testing and transformation in Hetao to support the innovative application of advanced biomedicine technologies.

    Last year’s Policy Address also proposed the development of Hong Kong into an international health and medical innovation hub.

    To this end, the Health Bureau strives to push forward with multiple key initiatives, including joining forces with the Shenzhen Municipal Government to set up in the Hetao Area an international clinical trial collaboration platform for the Guangdong-Hong Kong-Macao Greater Bay Area under the “one zone, two parks” model in expectation of simultaneous commencement of operation in the fourth quarter.

    The health chief pointed out that the development of innovative drugs and medical devices not only enhances healthcare standards but also transforms the industry, adding that Hong Kong’s healthcare system must keep abreast of the times and pursue transformation with innovation.

    Prof Lo and the delegation also met National Administration of Traditional Chinese Medicine (NATCM) Commissioner Prof Yu Yanhong and discussed issues related to the promotion of the development of Chinese medicine (CM).

    He said the Hong Kong SAR Government will continue to press ahead with the high-quality development of CM in Hong Kong on all fronts by giving full play to the characteristics of CM in Hong Kong and the city’s strengths in areas such as service delivery, standard-setting, international connectivity and clinical research, assisting the nation to propel CM to go global.

    Separately, at a meeting with the Head of the Department of Political Affairs of the General Administration of Customs of the People’s Republic of China Lyu Weihong, Prof Lo highlighted that the Hong Kong SAR Government has been maintaining close co-operation with the Mainland’s entry-exit health inspection and quarantine authorities, as well as strengthening the joint efforts in disease prevention and control in terms of entry-exit health inspection and quarantine between the Mainland and Hong Kong, with a view to safeguarding the wellbeing and safety of residents and travellers of the two places.

    The two parties also exchanged views on the promotion of the cross-boundary flow of innovation elements as mentioned in the Development Plan for Shenzhen Park.

    The delegation will call on the State Council’s Hong Kong & Macao Affairs Office and the National Medical Products Administration tomorrow before departing for Hong Kong in the evening.

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Video: Secretary of Defense Lloyd J. Austin III speaks following an AUKUS defense ministerial meeting.

    Source: United States Department of Defense (video statements)

    Secretary of Defense Lloyd J. Austin III, Australian Defense Minister Richard Marles and British Defense Secretary John Healey hold a joint press conference following an AUKUS defense ministerial meeting in London, Sept. 26, 2024.
    —————
    Your military is an all-volunteer force that serves to protect our security and way of life, but Service members are more than a fighting force. They are leaders, humanitarians and your fellow Americans. Get to know more about the men and women who serve, who they are, what they do, and why they do it.

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

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

    https://www.youtube.com/watch?v=CwspV9FQSZg

    MIL OSI Video –

    January 22, 2025
  • MIL-OSI Africa: Ramokgopa attends BRICS Energy Ministers Meeting

    Source: South Africa News Agency

    The Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has called on the BRICS Plus bloc of countries to work together to assist and support member countries to tackle energy challenges.

    The Minister was delivering his opening remarks at the 9th Annual BRICS [Brazil, Russia, India, China and South Africa] Energy Ministers’ Meeting in Moscow, Russia.

    “We believe that this BRICS group of like-minded country members has a huge potential, and working together will strengthen this resolve through cooperation on energy security.

    “[It will] also provide an opportunity to join efforts to annihilate the challenges diagnosed during the BRICS 2023 Summit held in South Africa, such as addressing the lack or absence of integrated energy policy framework, diversification and beneficiation at source of critical minerals, infrastructure development, manufacturing, technology transfer and intellectual property, scaling up energy efficiency, mobilisation of finance and investment, as well as skills and capacity building, amongst others,” Ramokgopa said.

    He called on the member countries to “tap and dig deeper into various capabilities and strengths” to ensure mutual support in harnessing the individual potential each country has at its disposal.

    “To mention a few opportunities, it is mining and beneficiation of critical minerals, and rare-earth elements required to power the green economy, [expand] hydro power potential, promising hydrogen solutions and its derivatives, gas, nuclear – including small modular reactors, renewables, storage, biofuels, as well as clean coal, and carbon capture utilisation and storage,” the Minister said.

    Ramokgopa highlighted that the meeting of BRICS Energy Ministers comes at a critical time, as countries ponder ways to transition towards low carbon economies.

    “This meeting comes at a critical phase where our countries are grappling with the challenge of balancing developmental goals with energy transition pathways. 

    “We must ensure that these transitions safeguard energy sovereignty and security, promote sustainable economic development, facilitate universal access and respond effectively to environmental imperatives, all the while ensuring no one is left behind,” he said.

    He told the meeting that the expansion of the BRICS bloc of countries is a “clear affirmation of the group’s growing significance and influence in the global energy agenda”. 

    “This is a pivotal moment, positioning BRICS to reshape, refocus, and reset the global energy architecture to ensure energy access, security, affordability, and eradicate energy poverty and promote a just energy transition.

    “For us as South Africa, we see this as an opportune moment to clearly articulate our collective position as the developing nations that will enable us to continue to use our energy resources through innovative technologies that allow us to move from high emitting to low emitting energy systems, and thus achieve carbon-neutrality or net-zero at a pace and scale that is in line with our different national circumstances and capabilities.

    “In this regard, we want to reiterate that our approach to an inclusive and people centred energy transition is informed by the need to maintain energy security in support of socio-economic objectives,” Ramokgopa said. – SAnews.gov.za

    MIL OSI Africa –

    January 22, 2025
  • MIL-OSI China: China-Laos Railway sees passengers from over 100 countries, regions

    Source: People’s Republic of China – State Council News

    KUNMING, Sept. 26 — The China-Laos Railway, which launched its international passenger service on April 13, 2023, has transported passengers from over 100 countries and regions, according to the Mohan border checkpoint in southwest China’s Yunnan Province.

    As of Wednesday, over 1,260 international passenger trains have facilitated the smooth clearance of more than 282,000 inbound and outbound travelers from 101 countries and regions.

    Boosted by the 144-hour visa-free transit policy, the China-Laos Railway international passenger trains have become the preferred choice for travelers from both countries due to their economical, convenient and comfortable travel options for tourism, study, business and cultural exchange.

    As a landmark project of high-quality Belt and Road cooperation, the 1,035-km China-Laos Railway connects Kunming, the capital of southwest China’s Yunnan Province, with the Laotian capital Vientiane.

    MIL OSI China News –

    January 22, 2025
  • MIL-OSI United Kingdom: AUKUS statement: 26 September 2024

    Source: United Kingdom – Executive Government & Departments 3

    The defence ministers of the AUKUS partnership met in London to review progress in and reaffirm their commitment to the AUKUS partnership.

    Today the Right Honourable John Healey MP, Secretary of State for Defence, United Kingdom hosted the Honourable Richard Marles MP, Deputy Prime Minister and Minister for Defence, Australia and the Honorable Lloyd J. Austin III, Secretary of Defense, United States (U.S.) at the Old Royal Naval College in Greenwich, London, the United Kingdom (UK) to review progress in and reaffirm their commitment to the AUKUS partnership.

    The AUKUS partnership reflects the continued commitment by Australia, the United Kingdom, and United States to support a free and open Indo-Pacific that is peaceful, secure and stable.  The discussions between the Secretaries and Deputy Prime Minister today reaffirmed the importance of this innovative, enduring, and trusted partnership in the face of a rapidly evolving and increasingly unstable international security environment. The three nations will continue to work to uphold the global rules-based order where international law is followed, and states can make sovereign choices free from coercion.  In this context, they reiterated their shared commitments to the AUKUS partnership for the decades to come and welcomed the progress made since AUKUS Defence Ministers last met in California, the United States, in December 2023.

    Pillar I – Conventionally Armed, Nuclear-Powered Submarines (SSNs)

    In March of 2023, our Heads of Government met to announce a comprehensive plan to support Australia’s acquisition of a conventionally armed, nuclear-powered submarine capability as quickly as possible.  Since that announcement, our three governments have worked shoulder-to-shoulder to refine the milestones and principles that will form the building blocks for this decades-long partnership.

    The Secretaries and Deputy Prime Minister reiterated their shared and enduring commitment to setting the highest nuclear non-proliferation standard, and the importance of this work to the success of the programme. They undertook to continue AUKUS partners’ open, and transparent engagement with the International Atomic Energy Agency (IAEA) and noted the ongoing bilateral negotiations between the IAEA and Australia to develop a robust safeguards and verification approach for Australia’s naval nuclear propulsion programme under Article 14 of Australia’s Comprehensive Safeguards Agreement with the IAEA.

    Over the last year, our Royal Australian Navy (RAN), Royal Navy (RN), and U.S. Navy personnel have worked tirelessly across governments, defence industry, and academic institutions to optimise the training of personnel to maintain, sustain, operate, and crew nuclear-powered submarines.  The Secretaries and Deputy Prime Minister reiterated that the delivery of the “Optimal Pathway” depends upon the skilled workforces of all three countries and reaffirmed their shared commitment to develop a robust base of skills across their military, civilian and industrial sectors.

    • More than 60 RAN personnel are currently in various stages of the U.S. nuclear-powered submarine SSN training pipeline to equip a cadre of Australian officers and sailors with experience aboard the U.S. Virginia class SSNs that the RAN will own and operate from the early 2030s.  These numbers will increase further in 2025, with more than 100 personnel commencing training. Six officers have completed all training and have been assigned to U.S. Virginia class submarines.  RAN enlisted sailors will join U.S. submarine crews before the end of this year.
    • In the United Kingdom, three RAN officers completed the UK Nuclear Reactor course in July 2024 and are now assigned to UK Astute class submarines. The next group of RAN officers will commence training in the UK in November 2024.
    • The RN, with the support of the Australian Submarine Agency, has also delivered professional and general naval nuclear propulsion training for more than 250 Australian personnel in Canberra.
    • Australians have embedded into programme delivery teams in the UK Ministry of Defence and with Rolls-Royce Submarines. Australians are also currently embedded in U.S. Naval Nuclear Propulsion Program teams.
    • In July and September 2024, Pearl Harbor Naval Shipyard welcomed the first 40 ASC Pty Ltd personnel into its training pipeline with the expectation of more than 100 additional ASC Pty Ltd employees by mid-2025.
    • The Australian Government has committed to nearly AUD 250 million to start delivering the skills and workforce needed for its SSN program, including providing 4,001 Commonwealth Supported Places at Australian universities, in addition to 3,000 undergraduate scholarships over six years, to build the necessary Australian Science, Technology, Engineering, and Mathematics workforce.
    • Additional programs have seen more than 70 Australians supported to undertake postgraduate nuclear studies at universities in the United Kingdom, United States, and Australia.
    • Australia has also recently announced the “Jobs for Subs” initiative, a government-funded program to evolve ASC Pty Ltd to recruit, train and retain approximately 200 additional graduates, apprentices and trainees to support Submarine Rotational Force-West (SRF-West) in Western Australia.

    Recognising that our partners in defence industry are and will remain vital to this endeavour, the Secretaries and Deputy Prime Minister discussed opportunities to maximize our efforts to foster collaboration and build resilience across our industrial bases and supply chains. They welcome the collaboration between BAE Systems (BAES) and ASC Pty Ltd to bring together their combined decades of submarine building to deliver the SSN-AUKUS programme.

    • The U.S. Government decided to invest USD 17.5 billion into its submarine industrial base to support initiatives related to supplier development, shipbuilder and supplier infrastructure, workforce development, technology advancements, and strategic sourcing.
    • Australia has also committed to invest over AUD 30 billion in the Australian defence industrial base to develop Australia’s supply chains and facilitate industry participation in U.S. and UK supply chains.
    • His Majesty’s Government announced an initial allocation of £4 billion from the United Kingdom to continue the detailed design work of SSN-AUKUS and order long-lead items, as well as the United Kingdom’s investment of £3 billion across its Defence Nuclear Enterprise, including the construction of submarine industrial infrastructure that will help to deliver the SSN-AUKUS programme.
    • The Secretaries and Deputy Prime Minister welcomed the AUKUS partners’ commitment to accelerate opportunities for Australian industry in the Virginia class submarine supply chain, including through the Defence Industry Vendor Qualification Program and other industry collaboration initiatives.  They welcomed ongoing efforts to encourage further industrial base partnerships to build resiliency across the trilateral Submarine Industrial Base.
    • This August, as a direct result of our close collaboration over this year, our three nations commenced the execution of the first-ever planned maintenance activity of a U.S. SSN in Australia.  More than 30 RAN personnel worked alongside U.S. Navy and contractor personnel and UK observers to conduct routine maintenance and observe safety and stewardship evolutions.  This was an important step in building Australia’s capacity to support a rotational presence of UK and U.S. SSNs at SRF-West beginning as early as 2027, as well as Australia’s future sovereign SSN capability.

    The Secretaries and Deputy Prime Minister emphasised the importance of ensuring that our trilateral systems have the tools they need to transfer information and data in a timely fashion to facilitate cooperation.  They were pleased to welcome the August 2024 signing of an enabling agreement for trilateral cooperation related to naval nuclear propulsion. Once in force, this historic agreement will enable AUKUS partners to go beyond sharing naval nuclear propulsion information, allowing the United States and the United Kingdom to transfer nuclear-propulsion material and equipment to Australia required for the safe and secure construction, operation, and sustainment of conventionally armed, nuclear-powered submarines.  

    This agreement reaffirms, and remains consistent with, the AUKUS partners’ respective, existing international non-proliferation obligations. As a non-nuclear-weapon State Party to the Treaty on the Non-Proliferation of Nuclear Weapons, Australia has re-affirmed unequivocally that it does not have, and will not seek to acquire, nuclear weapons. 

    Pillar II – Advanced Capabilities

    The Secretaries and Deputy Prime Minister hailed progress being made under Pillar II to deliver capability to our defence forces while bolstering industry and innovation sector collaboration. AUKUS nations continue to pool the talents of our defence sectors to catalyse, at an unprecedented pace, the delivery of advanced capabilities.

    Through AUKUS Pillar II, our trilateral science and technology, acquisition and sustainment, and operational communities are working across the full spectrum of capability development—generating requirements, co-developing new systems, deepening industrial base collaboration, and bolstering our innovation ecosystems.  The Secretaries and Deputy Prime Minister welcomed progress made in building a more capable, combined joint force of the future because of this work.

    • This year, under the Maritime Big Play initiative, we are undertaking a series of integrated trilateral experiments and exercises to enhance interoperability and accelerate the combined fielding of autonomous uncrewed systems in the maritime domain.  Later this year, the three nations will bring together approximately 30 systems across four domains for the first large-scale AUKUS integrated demonstration.  The Secretaries and Deputy Prime Minister welcomed the inclusion of technologies from companies in each of the three nations and plans to expand to include additional industry partners in the future.
    • In 2024, AUKUS partners furthered their undersea warfare capabilities by beginning to scale up the ability to launch and recover uncrewed underwater systems from torpedo tubes on current classes of British and U.S. submarines, which will increase the range and capability of our undersea forces.  AUKUS partners are exploring opportunities to collaborate on sensors and payloads to maximize this capability and deliver effects such as strike, intelligence, surveillance, and reconnaissance.
    • In parallel, the United Kingdom and the United States are strengthening superiority in the maritime domain by integrating the Sting Ray lightweight torpedo into the P-8A Maritime Patrol Aircraft alongside the Mk 54 torpedo, with trials planned for 2025. This will increase the opportunity for interchangeability and potential work on future torpedo programmes.  These efforts will ultimately enhance the survivability of our surface combatant and submarine fleets.
    • In the area of long-range precision strike, we are increasing our collective ability to develop and deliver offensive and defensive hypersonic technologies through a robust series of trilateral tests and experiments that will accelerate the development of hypersonic concepts and critical enabling technologies.  These capabilities will hold time critical and heavily defended targets at risk from increased ranges, enhancing the survivability of our forces and defending our homelands and forces against potential threats.
    • Advancing our maritime domain autonomy and decision advantage efforts, AUKUS partners demonstrated and deployed common advanced artificial intelligence (AI) algorithms on P8-A Maritime Patrol aircraft to process data from each nations’ sonobuoys. These advances allow for faster data processing and improved target identification in congested acoustic environments, enhancing our combined anti-submarine warfare capabilities. The Secretaries and Deputy Prime Minister welcomed plans to scale these technologies in 2025.
    • Our joint forces demonstrated several innovative uses of AI technologies to enhance decision making and bolster combined military effects.  In March, AUKUS partners demonstrated the ability to rapidly co-develop and deploy trilateral AI algorithms to find and fix targets for strike.  The Secretaries and Deputy Prime Minister welcomed trilateral plans to explore the introduction of these capabilities into operational units in the coming years.

    The International Joint Requirements Oversight Council (I-JROC) remains a critical collaborative forum to identify and validate joint and combined requirements to ensure capability development considers interoperability and interchangeability from the very start. The Secretaries and Deputy Prime Minister welcomed the establishment of trilaterally determined key operational problems, leveraging existing activities to achieve capability development priorities endorsed by I-JROC. AUKUS partners seek:

    • An enhanced multi-domain long-range strike capability that incorporates asymmetric capabilities and integrated targeting;
    • Strengthened multi-domain integrated air and missile defence capability;
    • Resilient command and control systems that maintain a diverse range of information; and
    • Enhanced logistical networks that are able to deliver persistent support and sustainment for operations in contested environments.

    To this end, the Secretaries and Deputy Prime Minister welcomed work underway across our trilateral Armies, Navies, and Air Forces to explore additional opportunities for collaboration in the land, maritime, air, and other domains under AUKUS Pillar II. 

    A cornerstone of our AUKUS Pillar II program remains the opportunity to leverage the best of our defence industrial bases and innovation ecosystems.  Over the past year we have further integrated our innovation ecosystems and fostered increased collaboration with these stakeholder communities to explore opportunities in all aspects of Pillar II.

    • AUKUS partners executed the first trilaterally sponsored innovation prize challenge, which focused on electronic warfare.  The Secretaries and Deputy Prime Minister are pleased to announce Advanced Design Technology Pty Ltd, Inovor Technologies Pty Ltd and Penten Pty Ltd (AUS), Amiosec Ltd, University of Liverpool, Roke Manor Research Ltd, Autonomous Devices Ltd (UK), and Distributed Spectrum (U.S.) as the winners for this challenge.  The selection of these companies demonstrates the important contributions that our trilateral commercial sectors and innovation bases can make in addressing critical operational requirements.
    • Building on the success of this first challenge, the Secretaries and Deputy Prime Minister were pleased to endorse plans for a robust two-year agenda that will increase collaboration between and among our innovation centres of excellence.  Through this collaboration, AUKUS partners will leverage innovative tools to reach our entrepreneurs and actively solicit new and powerful capabilities from our trilateral innovation ecosystem and industrial base.
    • In coordination with industry associations representing the trilateral defence industrial base, the Advanced Capabilities Industry Forum, continues to provide an opportunity for representatives across government and industry to exchange ideas and deepen industrial collaboration in Pillar II.  By the end of this year, AUKUS partners will have convened meetings in each country and facilitated discussions with technology and policy subject matter experts to increase understanding and information sharing.
    • In response to industry feedback and as current projects mature beyond traditional research and development projects, the National Armaments Directors from each nation are identifying opportunities to harmonise acquisition processes and reducing barriers to facilitate the accelerated delivery of Pillar II advanced capabilities.

    In April 2024, the Secretaries and Deputy Prime Minister announced principles for engaging additional partners on opportunities to collaborate on AUKUS Pillar II projects.  The Secretaries and Deputy Prime Minister welcomed progress on consultations with Japan on improving interoperability with Japan’s maritime autonomous systems as an initial area of cooperation. The Secretaries and Deputy Prime Minister noted ongoing consultations with Canada, New Zealand, and the Republic of Korea to identify possibilities for collaboration on advanced capabilities under AUKUS Pillar II on a project by project basis.   

    Defence trade and industrial base collaboration

    To promote innovation and realise the goals of AUKUS, Australia, the United Kingdom, and the United States implemented momentous amendments to our respective export control regimes.  These historic efforts will maximise secure, licence-free defence trade and stimulate innovation across the full breadth of our defence collaboration, mutually strengthening our three defence industrial bases, while maintaining rigour and security in all three systems. The Secretaries and Deputy Prime Minister reaffirmed support to reduce bureaucratic barriers to collaboration to enable deeper defence industrial base cooperation.

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    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom –

    January 22, 2025
  • MIL-OSI NGOs: Japan: Acquittal of man after more than 45 years on death row highlights ‘irreversible harm’ of death penalty

    Source: Amnesty International –

    Iwao Hakamada retracted ‘confession’ alleging it was made under duress and police violence 

    In 2023, 107 of the 115 people on death row had their death sentences finalised putting them at risk of execution

    Authorities must review all existing death sentences and abolish the death penalty

    ‘We strongly urge Japan to abolish the death penalty to prevent this from happening again’ – Boram Jang

    Responding to the acquittal of Japanese man Iwao Hakamada, who spent more than 45 years on death row, Boram Jang, Amnesty International’s East Asia Researcher, said:

    “We are overjoyed by the court’s decision to exonerate Iwao Hakamada. After enduring almost half a century of wrongful imprisonment and a further 10 years waiting for his retrial, this verdict is an important recognition of the profound injustice he endured for most of his life. It ends an inspiring fight to clear his name by his sister Hideko and all those who supported him.

    “As we celebrate this long overdue day of justice for Hakamada, we are reminded of the irreversible harm caused by the death penalty. We strongly urge Japan to abolish the death penalty to prevent this from happening again.

    “Japanese authorities must also review all existing death sentences, particularly when there are concerns of mental and intellectual disabilities. Only complete abolition of capital punishment will ensure that such grave errors are never repeated, and people not irreversibly and arbitrarily deprived of their lives.

    “Amnesty International will continue to push for the abolition of the death penalty and for reforms that ensure fairness and justice for all.”

    Japan’s death row

    During his first trial Hakamada was convicted of murdering his employer and his employer’s family, largely based on a forced “confession” made after 20-days of interrogation which Hakamada retracted during the trial, alleging police had threatened and beaten him. He was sentenced to death by Shizuoka District Court in 1968 and spent more than 45 years on death row.

    Japan has continued to carry out executions, including of people who had judicial appeals pending, in violation of international safeguards guaranteeing protection of the rights of those facing the death penalty. As of 31 December 2023, 107 out of the 115 people on death row had their death sentences finalised and were at risk of execution.

    Those on death row continue to be held in solitary confinement and in the absence of effective safeguards or transparent regular psychiatric evaluations – people with mental health and intellectual disabilities continue to be subjected to the death penalty in violation of international law and standards. The last execution in Japan was carried out on 26 July 2022.

    Amnesty opposes the death penalty in all cases without exception regardless of the nature or circumstances of the crime, guilt, innocence or other characteristics of the individual, or of the method used by the state to carry out the execution.

    MIL OSI NGO –

    January 22, 2025
  • MIL-OSI Africa: Energy and Electricity Minister attends BRICS Energy Ministers Meeting

    Source: South Africa News Agency

    The Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has called on the BRICS Plus bloc of countries to work together to assist and support member countries to tackle energy challenges.

    The Minister was delivering his opening remarks at the 9th Annual BRICS [Brazil, Russia, India, China and South Africa] Energy Ministers’ Meeting in Moscow, Russia.

    “We believe that this BRICS group of like-minded country members has a huge potential, and working together will strengthen this resolve through cooperation on energy security.

    “[It will] also provide an opportunity to join efforts to annihilate the challenges diagnosed during the BRICS 2023 Summit held in South Africa, such as addressing the lack or absence of integrated energy policy framework, diversification and beneficiation at source of critical minerals, infrastructure development, manufacturing, technology transfer and intellectual property, scaling up energy efficiency, mobilisation of finance and investment, as well as skills and capacity building, amongst others,” Ramokgopa said.

    He called on the member countries to “tap and dig deeper into various capabilities and strengths” to ensure mutual support in harnessing the individual potential each country has at its disposal.

    “To mention a few opportunities, it is mining and beneficiation of critical minerals, and rare-earth elements required to power the green economy, [expand] hydro power potential, promising hydrogen solutions and its derivatives, gas, nuclear – including small modular reactors, renewables, storage, biofuels, as well as clean coal, and carbon capture utilisation and storage,” the Minister said.

    Ramokgopa highlighted that the meeting of BRICS Energy Ministers comes at a critical time, as countries ponder ways to transition towards low carbon economies.

    “This meeting comes at a critical phase where our countries are grappling with the challenge of balancing developmental goals with energy transition pathways. 

    “We must ensure that these transitions safeguard energy sovereignty and security, promote sustainable economic development, facilitate universal access and respond effectively to environmental imperatives, all the while ensuring no one is left behind,” he said.

    He told the meeting that the expansion of the BRICS bloc of countries is a “clear affirmation of the group’s growing significance and influence in the global energy agenda”. 

    “This is a pivotal moment, positioning BRICS to reshape, refocus, and reset the global energy architecture to ensure energy access, security, affordability, and eradicate energy poverty and promote a just energy transition.

    “For us as South Africa, we see this as an opportune moment to clearly articulate our collective position as the developing nations that will enable us to continue to use our energy resources through innovative technologies that allow us to move from high emitting to low emitting energy systems, and thus achieve carbon-neutrality or net-zero at a pace and scale that is in line with our different national circumstances and capabilities.

    “In this regard, we want to reiterate that our approach to an inclusive and people centred energy transition is informed by the need to maintain energy security in support of socio-economic objectives,” Ramokgopa said. – SAnews.gov.za

    MIL OSI Africa –

    January 22, 2025
  • MIL-OSI Asia-Pac: CS chairs inter-departmental working group meeting on festival arrangements (with photo)

    Source: Hong Kong Government special administrative region

         As directed by the Chief Executive, the Chief Secretary for Administration, Mr Chan Kwok-ki, chaired the inter-departmental working group meeting on festival arrangements today (September 26) to holistically review and steer the overall co-ordination work of various government departments in welcoming visitors to Hong Kong during the National Day Golden Week. The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing; the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung; the Under Secretary for Security, Mr Michael Cheuk; and representatives of the Home and Youth Affairs Bureau, the Transport and Logistics Bureau, and other relevant Government departments attended the meeting.     At the meeting, Mr Chan instructed various departments to better prepare for receiving visitors during the Mainland’s National Day Golden Week, actively coordinate and consolidate supporting services of boundary control points (BCPs), traffic and public transport, promptly respond to various emergency situations, and strengthen information dissemination, with a view to providing quality experience to residents and visitors in celebration of the National Day.Estimated visitor flow and preparatory work     According to the Immigration Department (ImmD)’s estimate, around 7.01 million passengers (including Hong Kong residents and visitors) will pass through Hong Kong’s sea, land and air control points during the Mainland’s National Day Golden Week (October 1 to October 7) this year, among which 5.98 million passengers will pass through land control points. The number of outbound and inbound passengers using land boundary control points will peak on October 1 (Tuesday).     In terms of Mainland inbound visitors, it is estimated that about 1.23 million passengers will visit Hong Kong via various sea, land and air control points during the seven-day Mainland’s National Day Golden Week.     The Travel Industry Authority has reminded travel agents receiving Mainland inbound tour groups to stagger arrival time as far as possible, and will coordinate with agencies such as tourist spots to adopt appropriate diversion measures to enable proper management of the flow of visitors and tour buses, with a view to offering a pleasant travel experience to visitors.     There will be a rich array of celebratory activities before, during and after the Mainland’s National Day Golden Week. Major mega events include the “Celebration of National Day – The Next Generation Chorus Performance” at the West Kowloon Cultural District on September 30 night (Monday) and the 2024 National Day Fireworks Display at the Victoria Harbour on October 1 night (Tuesday). The Hong Kong Police Force (Police) will arrange sufficient police manpower to implement corresponding crowd management measures and special traffic arrangements as necessary to ensure that all celebrations will be conducted in a safe and orderly manner. Various district offices will also closely monitor the flow of visitors within their corresponding districts during the Mainland’s National Day Golden Week and strengthen management of the relevant spots having regard to the actual circumstances.Coordinate control points, traffic and public transport facilities     The Inter-departmental Joint Command Centre set up by Hong Kong Customs, the Police, the ImmD and other departments will be activated from September 28 (Saturday) to October 7 (Monday) to monitor the real-time situation at various control points, maintain close liaison with the Mainland port authorities through the established port hotlines and real-time notification mechanism, and take timely contingency actions to flexibly deploy manpower at the BCPs to ensure smooth operation of the land control points. The Security Bureau will also activate the Emergency Monitoring and Support Centre in a timely manner to closely monitor and co-ordinate the public order situation at various BCPs and facilitate interdepartmental follow-up actions where necessary to respond promptly to various kinds of emergencies.     For transport arrangements, the Transport Department (TD) has worked with relevant Mainland authorities and relevant operators to formulate plans to strengthen services at various ports, including increasing the frequency of the Hong Kong-Zhuhai-Macao Bridge (HZMB) shuttle bus (Gold Bus) and the Lok Ma Chau-Huanggang cross-boundary shuttle bus (Yellow Bus), as well as arranging dedicated public transport lanes at the HZMB Port, Lok Ma Chau/Huanggang Port and Shenzhen Bay Port as necessary, with a view to ensuring smooth public transport services. Regarding local public transport services, the TD has approached various public transport operators proactively to enhance the capacity, and reserve vehicles and manpower to meet the travel needs of visitors. Amongst them, the MTR Corporation Limited will enhance train service of railway lines during September 28 to October 13, with a total of about 950 extra trips, so as to facilitate the travelling of local residents and visitors. The TD’s Emergency Transport Co-ordination Centre will operate 24 hours to closely monitor the traffic conditions and public transport services of different districts including various BCPs and major stations. The TD will adopt various measures including increasing the frequency of public transport services as appropriate so as to cope with the service demand and passenger flow, and will disseminate the latest traffic information through various channels.     As regards the two homeporting calls of a mega cruise ship at the Kai Tak Cruise Terminal during the Mainland’s National Day Golden Week, while the cruise terminal operator will continue to coordinate with the cruise company, transport service operators and travel agents etc. to make proper transport planning, the Tourism Commission (TC) has also liaised with the bus companies and the taxi trade through the TD to provide additional support. Shuttle bus services will also be strengthened subject to demand. As it is anticipated that many Mainland visitors will come to Hong Kong to join cruise itineraries via the land BCPs, the TC has also assisted the trade in coordinating with BCPs to ensure smooth immigration clearance. Direct coach services will be provided to take visitors from the BCPs to the cruise terminal.Weather forecast     The weather in Hong Kong is expected to be generally fine during the Mainland’s National Day Golden Week, with low chances of being affected by heavy rain and tropical cyclones. A fresh to strong northeasterly monsoon is expected to arrive in Guangdong on the National Day, followed by a couple of days of slightly cooler and drier weather, with a minimum temperature of around 22 degrees Celsius in the urban areas. The above forecast is a preliminary assessment, and the Observatory will update the forecast depending on the latest weather changes.Information dissemination     To facilitate visitors in planning their itineraries, the inter-departmental working group will strengthen information dissemination including the latest inbound visitor arrivals, the situation at various BCPs, information on celebratory events, transport arrangements and the latest weather information, etc, to facilitate residents and visitors to plan their itineraries according to the latest situation.     The Tourism Board (TB) has also launched a dedicated webpage to consolidate various useful information during the Mainland’s National Day Golden Week, including the operating arrangements of major tourist attractions in Hong Kong, details of various unique celebratory events, special discount and promotional activities around the National Day, so as to facilitate residents and visitors to plan their itineraries more conveniently. The TB has also stepped up promotion in the Mainland, including launching special offers with major online integrated tourism platforms in the Mainland, in order to promote large-scale events with characteristics, explore the unique cultural and tourism experiences in Hong Kong through the promotional channel of the platforms and boost spending of more Mainland visitors in Hong Kong as well as enhance visitors’ experience.

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Economics: Empowering Lives, Fostering Growth: Inspiring Journeys of Workers at Samsung’s Chennai Plant

    Source: Samsung

    Praveen (left) and Selvan (right) taking a break around their favourite spot at Samsung’s Chennai Plant
     
    At Samsung’s Chennai manufacturing plant, where state-of-the-art TVs, air conditioners, refrigerators, washing machines, and compressors are produced, the heartbeat of the facility is not just the hum of the machinery—it’s the lives of thousands of dedicated workers whose stories are interwoven with the company’s commitment to their well-being and growth.
     
    The Chennai plant, one of Samsung’s largest in India, has long been known for fostering a worker-friendly environment. It provides continuous training, and numerous welfare programs, all designed to ensure the well-being and development of the workforce.
     
    Employees with an impeccable attendance record get constant incentives, which motivates them to be more present at work. There are awards in four different categories to uplift the morale of employees who continuously thrive to give outstanding performance.
     
    Empowerment through Opportunity
    For over fourteen years, Tamil Selvan has been part of the Samsung family, starting his journey as a apprentice at the plant. Coming from a modest background, he recalls how joining Samsung was more than just a job—it was the start of a transformation.
     
    Tamil Selvan: “At Samsung, it’s not just about doing a job—it’s about being heard, being valued, getting rewarded”
     
    “Fourteen Years… It feels just like yesterday. It is not just about work, I have literally grown from a boy to a man here. Over time, with Samsung’s continuous support and opportunities for growth, I was able to change my life. I have supported my younger sibling’s education, helped with their marriage, got married myself, bought a house, and now I even own a car,” said Tamil Selvan, from the Plant’s Refrigerator divison.
     
    Samsung has been dedicated to empowering its workers since the Chennai plant came into existence in 2007. With a focus on constant upskilling, Tamil Selvan steadily progressed from working on the line to being a Technical Operator.
     
    “The recognition and trust I’ve received here have been incredible,” he adds. “It’s not just about doing a job—it’s about being heard, being valued, getting rewarded, and knowing you’re making a difference,” said Selvan.
     
    A Commitment to Growth and Diversity
    Praveen Singh, another long-standing worker at the Chennai plant, echoes Tamil’s sentiments, though his journey is shaped by a different set of challenges and aspirations. Born and raised in Tamil Nadu but with roots in North India, Praveen has always been motivated by the diversity of the workforce at Samsung.
     
    Praveen Singh: “This feeling of being proud comes from the fact that I represent a brand that cares for me.”
     
    “The fact that people from all over India work together here is something that fills me with pride,” said Praveen, who joined the plant in 2013 as a trainee.
     
    “I’ve learned so much from my colleagues, not just about technology but about different cultures and perspectives. That’s something I don’t think I would have experienced anywhere else.”
     
    For Praveen, who started as a trainee and is now an operator in the process innovation team, the opportunities to learn and grow have been crucial to his success.
     
    “Samsung always encouraged me to learn. Over the years, I picked up Tamil, improved my English, and developed leadership skills that allowed me to move up the ranks,” he shared.
     
    “Samsung doesn’t just invest in its products—they invest in us, their workers. I feel immensely proud when I leave home for work wearing my uniform. This feeling comes from the fact that I represent a brand that cares for me.”
     
    Care, Health & Wellness as part of a People-first Culture
    All workers at the plant have health insurance facilities for upto five family members. From day one of apprenticeship, the plant offers continuous training, mentorship, and development programs designed to help employees grow professionally. The comprehensive health care, flexible work arrangements, and the focus on work-life balance are all part of Samsung’s commitment to creating a people-first culture.
     
    When Praveen’s mother needed knee surgery, the company’s comprehensive health policy ensured she received the best care available.
     
    “Samsung not only supported me in getting her the best doctors, but they also regularly checked in on her recovery. It’s more than a workplace—it’s a family,” he shared.
     
    Samsung’s broader ethos of prioritizing worker well-being and personal development have continuously supported the employees.
     
    Wall art designed by a worker at Chennai Plant
     
    “At Samsung, it’s not just about what we do but how we feel doing it,” Praveen explained. “The environment is supportive, and everyone is treated with respect, regardless of their position. That’s something you don’t find everywhere.”
     
    Tamil agrees, noting how much his job at Samsung has changed his standing in society. “Being a part of Samsung has earned me respect, not only in my professional life but in my community,” he said.
     
    “I’m proud of the work I do here. It’s not just a job—it’s a part of who I am.”
     
    Samsung’s Chennai Plant at Sriperumbudur
     
    A Future Built on Shared Success
    As Samsung continues to push boundaries in technology, the true foundation of its success lies in the success stories of employees. Their journeys are testaments to the company’s commitment to creating an inclusive, supportive, and growth-driven workplace where employees are empowered to achieve their best—both at work and in their personal lives.
     
    By investing in its workers, Samsung has created a workplace that doesn’t just manufacture world-class product but also builds futures, strengthens communities, and fosters loyalty.

    MIL OSI Economics –

    January 22, 2025
  • MIL-OSI Economics: RBI imposes monetary penalty on The Surat People’s Co-operative Bank Limited, Surat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated September 23, 2024, imposed a monetary penalty of ₹61.60 lakh (Rupees Sixty One Lakh and Sixty Thousand only) on The Surat People’s Co-operative Bank Limited, Surat (the bank), for non-compliance with certain directions issued by RBI on ‘Income Recognition, Asset Classification, Provisioning and Other Related Matters’, ‘Loans and advances to directors and their relatives, and firms/concerns in which they are interested’, ‘Maintenance of Deposit Accounts’ and ‘Customer Service’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2022 and March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty.

    The bank had:

    1. not classified loan accounts of certain borrowers as non-performing assets;

    2. sanctioned/ renewed loans where the relatives of directors were interested / stood as surety / guarantor;

    3. levied and recovered penal charges from certain inoperative savings bank/current accounts for non-maintenance of minimum balances in those accounts; and

    4. levied charges on certain customers for sending SMS alerts despite not having mobile numbers of such customers on record.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1167

    MIL OSI Economics –

    January 22, 2025
  • MIL-OSI Asia-Pac: SFST’s speech at Bloomberg Buy-Side Forum Hong Kong (English only) (with photo)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the Bloomberg Buy-Side Forum Hong Kong today (September 26): Jeffrey (Global Head of Buy-Side Enterprise Sales of Bloomberg, Mr Jeffrey Leckstein), Manju (APAC Head of Buy-Side Product Sales of Bloomberg, Ms Manju Sakhrani), Irene (Head of Sales, Greater China Buy-Side of Bloomberg, Ms Irene Lam), distinguished guests, ladies and gentlemen,     Good morning. I am very delighted to join you all at the Bloomberg Buy-Side Forum Hong Kong. This flagship event brings together influential business leaders and decision makers to explore timely and transformative topics that are reshaping the asset and wealth management industry. And this is very timely. Just last week the Federal Reserve cut interest rates by 0.5 percentage points. Hong Kong quickly followed suit and the news was cheered by investors and financial markets. Also, Hong Kong ranked third globally in the Global Financial Centres Index 36 Report published two days ago, up by one place from the previous issue. Back in April this year, I had the pleasure of meeting Mr Michael Bloomberg in New York to discuss global financial trends. During my visit to the Big Apple, I also spoke about the “ABCs” of Hong Kong’s role as a global financial centre: an “anchor” for financial stability, a “buffer” against risk and a “capstan” with a strategic location in Asia. Today I would like to focus on the “D” word – “dividends”Overview     Today’s agenda explores new prospects for growth and innovation in the Asia Pacific markets, covering key topics including risk management, automation, data and technology, and more. A common factor is that all of these topics are conducive to long-term, sustainable growth and dividends for investors and the industry.     As with our ongoing efforts to boost Hong Kong’s position as the region’s premier international financial centre, Hong Kong offers three distinct types of dividends, namely “diversification”, “succession” and “silver” dividends. These will surely help investors and the industry embrace new opportunities and unleash their potential. Let me tell you how.Diversification dividend     First, Hong Kong is well poised to provide a diversification dividend with our unique geographical, functional, product and service offerings. All this ensures an excellent platform for diversification, supported by our “one country, two systems” advantages and our role as a financial “super connector” linking Mainland China and global markets. We offer abundant investment opportunities, a full suite of professional services and a top-notch regulatory framework.     In terms of investment opportunities, last year the AUM (assets under management) of Hong Kong’s asset and wealth management business reached about US$4 trillion (HK$31.193 trillion). What’s more, over half of the funds were sourced from international investors outside Hong Kong and the Mainland. In fact, in 2023, Hong Kong was the world’s second-largest cross-boundary wealth management centre, after Switzerland. Hong Kong is also Asia’s largest hedge fund hub and our private equity capital under management ranks second in Asia after the Mainland.     As China’s hub for offshore Renminbi (RMB) business, Hong Kong holds about one trillion in RMB deposits, and processes about 80 per cent of the global offshore RMB payments. We will continue to expand our RMB-denominated investment and risk-management products to suit users’ needs. For the wider financial market, we will also continue to diversify and deepen the products and services we offer, ranging from new fund structures to listing platforms.Mutual access     Mutual market access between the Mainland and Hong Kong continues to expand in scope and capacity. Up to August this year, the total turnover (including buy and sell trades) of northbound trading of Stock Connect reached about RMB20,000 billion, while that of southbound trading exceeded HK$5,600 billion. This demonstrates our pivotal role for international and Mainland enterprises as well as investors to raise funds and make investments.     The Hong Kong stock market has also seen many recent achievements. The average daily turnover of ETFs (exchange traded funds) listed in Hong Kong reached HK$11.8 billion in 2023, an increase of 20 per cent compared to 2022 (HK$9.8 billion). The derivatives market also saw the average daily trading volume of futures and options reaching 1.35 million contracts last year, further rising to over 1.5 million contracts in the first half of this year. This showcases Hong Kong’s ongoing development as an international risk management centre.     In April, the China Securities Regulatory Commission announced five new measures to support the development of Hong Kong’s financial sector. These include expanding the scope of ETFs under Stock Connect as implemented in July. The measures would also bring long-term structural enhancements to the Hong Kong market, such as including REITs (real estate investment trusts) under Stock Connect, further enriching the choice of products available.Green and sustainable finance     Meanwhile, sustainable development and technology are the emerging major forces shaping the financial industry. Demand for green finance is growing worldwide, as part of the global green transformation. Statistics show that the Asian region will require some US$66 trillion in climate investment over the next 30 years.     Zooming into Hong Kong’s green and sustainable finance market, the total green and sustainable debt (including both bonds and loans) issued in Hong Kong amounted to US$50 billion. Among which, the volume of green and sustainable bonds arranged in Hong Kong topped the Asian market, accounting for 37 per cent of the total share.        We will continue to develop Hong Kong into an international green technology and green finance centre through five key directions, namely building a green technology ecosystem; green finance application and innovation; green certification and alignment with international standards; training talents; and enhancing exchanges and co-operation with the Greater Bay Area and international markets.Virtual assets and fintech     Hong Kong is a prime destination for the development of digital finance and for fintech companies to establish or expand their business locally, regionally and globally. We are home to eight virtual banks, four virtual insurers and two licensed virtual assets trading platforms. There are also around 1 000 fintech companies operating in Hong Kong. They cover a variety of businesses including mobile payment, cross-border wealth management, AI (artificial intelligence) financial consultancy, wealth and investment management, regulatory technology and many more.     With the rapid development of the virtual asset market, Hong Kong issued the Policy Statement on Development of Virtual Assets in October 2022. We are also among the first jurisdictions to adopt a comprehensive framework to regulate virtual asset activities with robust investor protection.     Premising on a balance between appropriate regulation and market development, we will continue to provide an enabling environment and support measures. This will help to sustain the development of digital and decentralised finance, and facilitate responsible and healthy industry development. For example, we are actively establishing regulatory regimes for both stablecoin issuers and over-the-counter (OTC) trading of virtual assets. We will introduce the bill for regulating stablecoin issuers into the Legislative Council within this year. We are also reviewing the consultation feedback for virtual asset OTC trading to examine ways to improve the proposed regulatory framework.Succession dividend     Moving on to succession dividend, which is growing in prominence here. That’s because Hong Kong is home to over 2 700 single-family offices and 12 500 ultra-high-net-worth individuals. These figures speak of the city’s appeal for family offices and asset owners looking to diversify their asset portfolios and sustain family wealth for future generations.     Last year, we published the Policy Statement on Developing Family Office Businesses in Hong Kong. Since then, a series of measures have been implemented to create a favourable environment for wealth management and succession planning, adding to the already diverse investment opportunities available in the city.     To name a few, the profits tax exemption regime for single family offices’ eligible investments was introduced last year, to provide tax certainty and attract family offices to set up in Hong Kong. We also launched the New Capital Investment Entrant Scheme (CIES) in March this year, offering a clear pathway for asset owners to reside and pursue development in Hong Kong. The new scheme has been well-received by asset owners and talents outside Hong Kong. So far, we have received over 550 applications, potentially bringing HK$16.5 billion of capital to the city.     Besides attracting professionals, we are also committed to nurturing talents for the family office sector. Last year, we established the Hong Kong Academy for Wealth Legacy. The Academy not only provides training but also fosters collaboration, networking and knowledge-sharing between the industry and next-generation asset owners.     This brings me to a fast-emerging category of impact investing. We are working to foster charitable endeavours that would make a positive impact on society. The Academy will launch the “Impact Link” later this year. It will provide a repository platform to connect family offices and asset owners with high-potential and high-social impact charitable programmes. This will further enhance family offices’ engagement in charitable projects to create positive change and realise the full potential of philanthropy.     Art collections and investments are also gaining popularity among family offices, and Hong Kong is an ideal hub for this with our simple tax system and zero tariff on art trading. We are the second-biggest city for contemporary art sales after New York, recording US$414 million in the year 2022-23. By leveraging Hong Kong’s rich art and culture scene, we will continue to consolidate our position as a leading art exhibition and trading centre to create a dynamic ecosystem for art collection and investments for family offices and other investors.     Beyond creating a thriving family office ecosystem, we recognise that each family office has its unique needs and preferences. The dedicated family office team of Invest Hong Kong is here to offer one-stop support services specifically catered to the needs of each family office. Through key events such as the annual Wealth for Good in Hong Kong Summit, we will continue to deepen our connections with global family offices, supporting their evolving needs and garnering dividends from succession and legacy planning.Silver dividend     My third topic today is the silver dividend. Similar to many developed economies, Hong Kong faces the challenge of a rapidly ageing population. By 2046, over one-third of our population will be aged 65 or above. While this trend poses significant challenges, it also creates opportunities.     Among other things, an ageing population underscores the importance of accumulating sufficient savings to support post-retirement life. With this in mind, the Government launched the Mandatory Provident Fund (MPF) system back in 2000, to help our workforce save up for their retirement. As of June this year, our MPF system was managing a total of HK$1,230 billion of assets, representing an increase of about 126 per cent over the past 10 years. MPF investment with stable returns     Enabling the general public to feel and share the benefits brought about by the development of financial services has always been our goal. In recent years, our society, particularly among those who will soon retire, has clear aspirations for financial products that offer stable returns amid a changing economic environment. This is evident in the overwhelming response to the Silver Bond issuance last year – where the total application amount (around HK$71.7 billion) and the number of applications (323 789 valid applications) were at record highs.     Likewise, our MPF scheme members have similar aspirations. The Government and the Mandatory Provident Fund Schemes Authority (MPFA) persistently strive to widen the scope of permissible investments to improve risk-adjusted returns. For instance, in June 2022, the Central People’s Government, the People’s Bank of China, and the three Mainland policy banks were added to the list of “exempt authority” to facilitate MPF investment in sovereign bonds. It provides scheme members with greater access to one of the world’s largest bond markets. In June last year, we also put in place a mechanism to earmark a certain proportion of Government green bonds for priority investment by MPF funds.     These measures allow MPF fund managers to consider more investment instruments with stable returns in their portfolio management for the benefit of scheme members. As of June this year, MPF funds invested HK$8.3 billion and HK$600 million in sovereign bonds and government green bonds respectively, representing an increase of 159 per cent and 50 per cent respectively before the facilitative measures were put in place.Diversification and optimisation of MPF investment     We believe that our robust asset and wealth management industry is serving the MPF system well. It offers world-class investment management services along with a diverse range of financial products and innovative market arrangements.     In view of the growing internationalisation of the Mainland’s equity market, back in 2020, we included the Shanghai and Shenzhen stock exchanges in the list of “approved stock exchanges”, facilitating MPF investments into Mainland A-shares. Since the inclusion of the two stock exchanges, the exposure of MPF funds to Mainland A-shares has soared by 111 per cent to HK$24 billion as of June this year. Not only has this been welcomed by the market, it also provides more diversified investment opportunities for MPF assets.Fee reduction and eMPF Platform     Apart from offering a more diversified range of investment products for MPF scheme members, the Government and the MPFA are determined to explore and take forward more cost saving initiatives by leveraging innovation and technology. Launched in June this year, the eMPF Platform is a good example of how innovation and technology could resolve long-standing pain points in MPF scheme administration. They also create room for fee reductions for the ultimate benefit of scheme members.     We expect that the eMPF Platform will be fully implemented by end-2025. Through standardising, streamlining and automating different MPF administration processes, this first-of-its-kind centralised platform will significantly reduce the average MPF administration fee. This publicly funded digital infrastructure will also lower the entry barrier for newcomers to the MPF industry.   Closing     Ladies and gentlemen, I know you have a busy day ahead. So let me conclude by stressing the importance of joining hands in building, investing and enjoying the diversification dividend, succession dividend and silver dividend in Hong Kong. This forum is the perfect opportunity to share ideas and strengthen collaboration to achieve a more stable, sustainable and prosperous financial future in Hong Kong and far beyond.     I wish you all a rewarding forum today and the best of health and business. Thank you. 

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI New Zealand: AUT design students have renewed their own backyard

    Source: Auckland Council

    St Paul Street has been upgraded by the people who use it most – students of AUT.

    It’s the first of two semi-permanent street upgrades enabled by Auckland Council, which give design students the chance to influence the renewal of a street in their own neighbourhood.

    The redesign of St Paul Street in the city centre’s Learning Quarter, by AUT spatial design students from the Master of Design programme, is now in place.

    Last year Claire Davis, Principal – Urban Design from Auckland Council’s Tāmaki Makaurau Design Ope (TMDO), joined creative forces with the Material Imaginaries Research Collective at AUT. The task was for students to collaboratively develop a concept design for a new St Paul Street installation, replacing the existing equipment.

    An initial trial helped show how students and staff used the street and what activities needed to be provided for. This month council contractors delivered their innovative, semi-permanent solution, keeping the scope and budget to a ‘no dig’, low disruption execution.

    Waitematā Local Board Chair Genevieve Sage is pleased to see Auckland’s next generation of urban designers has helped shape their university environments.

    “It means we’re creating uni neighbourhoods that better reflect the everyday needs of students and staff, and we’re also giving future spatial designers and planners real world experience as they begin their careers,” she says.

    The students’ design for St Paul Street is anchored by two main elements: a ‘wandering line’ and a series of bench seats. The wandering line echoes the line of the Rangipuke ridge meeting the upper stream of Te Waihorotiu, re-enacting the slow pooling motion of waterways that were once present in the area. Concrete benches rise and fall in wave-like forms.

    “Working on a live, quick-response project in collaboration with Auckland Council was a great way to ground our research students’ practice-based inquiries,” says Dr Carl Douglas, Head of Department at AUT University.

    “Taking part in the St Paul Street project has been an invaluable experience for me. The project provided opportunities to collaborate with various real-life professionals, and as one of the main users of St Paul Street, I enjoyed contributing to the street’s vision to become a more pedestrian-friendly place,” says participating AUT student Emma Choi. 

    Alfred Street

    In a second design school partnership, a group of third year planning students from the University of Auckland are working on concepts for the renewal of Alfred Street.

    Auckland Council’s design team (TMDO) collaborated with the Architecture & Planning School at the University of Auckland to build a concept for the next phase of the Alfred Street project, replacing the temporary plastic planters.  

    Their brief was to create a medium-term, people-focused, healthy and biodiverse streetscape while delivering a lighter, quicker, cheaper execution.

    In April, twelve student groups presented their concept designs to a panel of teaching staff and Auckland Council guest critics. The TMDO will review the student presentations and consolidate them into one streetscape design to be taken forward through detailed design and implementation.

    “Our students have described this project as enlightening and enjoyable.  It is fantastic for the students to get to work on a real-world solution and work with not only creativity but also constraints. I hope that we can continue this collaboration further,” says Zoe Avery, University of Auckland Associate Director of Design.

    MIL OSI New Zealand News –

    January 22, 2025
  • MIL-OSI Economics: Annual Meeting Opening Remarks by AIIB President

    Source: Asia Infrastructure Investment Bank

    Your Excellency Shavkat Mirziyoyev, President of the Republic of Uzbekistan,
    Distinguished Governors of the Asian Infrastructure Investment Bank, Honored Guests, Ladies and Gentlemen:

    Assalomu alaykum.

    It is my great honor to welcome you all to the Ninth Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank. On behalf of AIIB, I extend my deepest appreciation to the Republic of Uzbekistan for the gracious hospitality shown to the delegations for this Annual Meeting, the first in Central Asia.

    Your Excellency President Mirziyoyev, it is with the greatest of pleasure that AIIB has invited its Members to Uzbekistan to witness the accelerating prosperity that is gaining increasing momentum under your visionary leadership and ambitious reform agenda. Your historic visit to AIIB’s Headquarters in January this year was most significant for our bilateral relationship. With your Government’s ambitious program of nation building projects such as New Tashkent, major investments in transport, social infrastructure like hospitals and schools, and boundless potential in renewable energy, I look forward to AIIB doubling or even tripling its investment in Uzbekistan over the next 5 to 10 years.

    Distinguished Governors, we meet today at a storied center of cultural, economic and intellectual exchange. Standing at the crossroads of ancient trade routes, Samarkand’s rising prosperity began with the emergence of the Silk Road which wove across continents, tying Eurasia ever-tighter together.

    With free trade and cross border investment came a steady flow of new wealth, new ideas and new technology – stimulating scientific understanding of the world as it was then known. Underpinning this flourishing prosperity was connectivity: not just physical but, more importantly, intellectual and societal.

    Well-known are the underground ‘karez’ wells which nourished life in this dry climate, and the caravanserai that provided haven for intellectual exchange between travelers beyond commercial and business interests. Along these ancient arteries of infrastructure an intellectual lifeblood pulsed, circulating between nations of this region and spilling over into the wider world.

    It was only several hours from here that the father of algebra,

    Al-Khwarizmi, was born around 780. His ideas and writings spread to nations along the Silk Road, profoundly influencing the advance of mathematics in Europe. Indeed, his Latin name of Algoritmi is the root word for ‘algorithms’, the computations which energize today’s digital economy.

    Ladies and Gentlemen, the ancient Silk Road serves as an inspiration to us all. Such great intellectual achievements remind us that humanity is most productive, most innovative, and most prosperous when human minds meet and mingle. When people come into contact with each other, brilliant ideas sparkle.

    AIIB’s investments intend to bring regions together to ensure that global trade, technology and capital flows will continue without disruption. This helps us push the boundaries of human potential to still further distant areas. In an era of creeping geo-fragmentation, escalating climate chaos, and a hold-up in development, investing in infrastructure that connects Asia with the rest of the world is more important than ever.

    Since its inception nine years ago, AIIB has resolutely supported members amidst the rough-and-tumble of global events. Over this period, AIIB has approved financing to the tune of USD54.7 billion for 285 projects across 37 members. The development outcomes are multifold, and astounding. Our projects have connected people, 710 million strong, to urban mass transport and upgraded over 49,000 kilometers of transportation infrastructure. Thanks to our projects, there are 8.7 million people who now have access to safe drinking water. Less visibly but no less important, 22.8 million tons of CO2 emissions have been quietly averted annually.

    AIIB’s financing growth has been remarkable by historical standards. This is a great credit to the guidance to the Board of Governors and the Board of Directors. It is also a credit to the Bank’s management and staff, who deserve to be fully recognized and appreciated. Let us give them a big round of applause.

    AIIB’s funding position continues to be firmly based on triple-A ratings by all three major credit rating agencies. This year to date, the Bank has successfully issued bonds equivalent to USD 9 billion and AIIB bonds trade in line with MDB peers. Since 2022, the Bank’s administrative expenses have been fully covered by operating income. The Bank’s financial discipline strengthens its enduring ability to grow financial support for Members over time, complementing other measures under consideration from the MDB CAF review.

    Distinguished Governors, AIIB continues to double down on its client centric approach. In June this year, the structure of our investment operations was fine-tuned so as to streamline the Bank’s deployment of technical and financial expertise, and to heighten client relationships with a particular focus for private-sector financing and mobilization.

    AIIB has remained laser focused on developing financial tools which help members withstand shocks and enhance resilience. In June, Climate Policy-Based Financing (CPBF) was introduced to support Members’ efforts to improve the enabling environment for climate action, helping to mobilize private capital to push for national climate plans. The introduction of CPBF marks a new milestone in the Bank’s journey towards the achievement of the Sustainable Development Goals.

    This new initiative underscores our dedication to building resilient infrastructure for all, and our growing role in addressing global challenges. The Bank’s climate financing is expected to exceed 60% of its lending in 2024, well above the target of 50%.

    Excellencies: AIIB is truly a 21st century Bank. It is majority-owned by emerging and developing countries, follows the highest governance standards and relations between its governing bodies and clients are based on trust and client-centricity. This Bank is your Bank! AIIB’s most cherished principle is accountability. We in AIIB hold ourselves, each and every one of us, accountable for our decisions and actions. We adhere firmly to our most ardent vow made at the launch of the Bank’s operations that we will consistently live up to the expectations of our shareholders and stakeholders.

    Your Excellencies, distinguished guests, ladies and gentlemen: As we convene for our Ninth Annual Meeting, let us remember that we are building a future for generations to come. The theme of this Annual Meeting, “Building Resilient Infrastructure for All,” is not just a watchword, a call to action. It is the action! As we gather here along the ancient Silk Road, let us strive together to pave the path for sustainable development, regional and global integration, and prosperity for all.

    Thank you very much.

    MIL OSI Economics –

    January 22, 2025
  • MIL-OSI Asia-Pac: Update on postal services to Poland

    Source: Hong Kong Government special administrative region

    Update on postal services to Poland
    Update on postal services to Poland
    ***********************************

         Hongkong Post announced today (September 26) that, as advised by the postal administration of Poland, due to the impact of heavy rain, mail delivery services to the areas with postcodes 32xxx, 43xxx, 45xxx, 46xxx, 47xxx, 48xxx, 49xxx, 55xxx, 57xxx, 58xxx, 59xxx, 67xxx and 68xxx are subject to delay.

     
    Ends/Thursday, September 26, 2024Issued at HKT 12:15

    NNNN

    MIL OSI Asia Pacific News –

    January 22, 2025
  • MIL-OSI Australia: 211-2024: Australian Fumigation Accreditation Scheme: treatment provider suspended – PT. Fumindo Mandiri Sejahtera Cabang Surabaya (AEI: ID0169MB)

    Source: Australia Government Statements – Agriculture

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following identification of critical non-compliance, we have suspended PT. Fumindo Mandiri Sejahtera Cabang Surabaya (AEI: ID0169MB) from the…

    MIL OSI News –

    January 22, 2025
  • MIL-OSI New Zealand: Economy – Reserve Bank of New Zealand releases banking competition select committee submission

    Source: Reserve Bank of New Zealand – Te Pūtea Matua

    26 September 2024 – The Reserve Bank of New Zealand – Te Pūtea Matua supports efforts to improve competition in banking services, including in agricultural and business banking. Competition is a fundamental contributor to the efficiency of the financial system, supporting broader economic prosperity and well-being.

    Our submission to Parliament’s Finance and Expenditure Committee Inquiry into Banking Competition, published today, outlines the RBNZ’s financial stability mandate, and highlights areas where we can support competition in the banking sector.

    We agree with the Commerce Commission’s problem definition that a more competitive banking market is desirable, Deputy Governor Christian Hawkesby says.

    “The Deposit Takers Act that passed in 2023 requires us to take into account competition, and we are doing so by ensuring we take a proportionate approach to regulation while focusing on managing the biggest risks to banks and the financial system.”

    “We keep our rules and standards under review to ensure they can best deliver on our mandate. This includes striking the right balance between stability and competition. An example of this is our active consideration on how we can progress the recommendations for the Reserve Bank from the Commerce Commission’s market study into personal banking services,” Mr Hawkesby says

    “Competition is also relevant to our other roles as a central bank, including our stewardship of the money and cash system. We are currently reviewing the access policy for our inter-bank settlement system, and investigating the potential role digital cash could play in supporting innovation in the financial system. Together with our co-regulators and industry, are working to improve Māori access to capital and basic bank accounts.”

    The submission also details the Reserve Bank’s approach to setting capital requirements for different types of bank lending. These requirements are an essential tool to promote banks’ financial resilience. Capital is the funding of a bank from its owners, and acts as the buffer protecting creditors such as depositors from losses.  

    Our framework is based on matching the level of capital required with the underlying risk of a bank’s lending through the use of risk weights. This is consistent with global practice. We have published a new RBNZ Bulletin article alongside our submission that analyses how risk weights affect bank lending. The Bulletin highlights domestic and international evidence showing the impact of risk weights on the availability and pricing of loans is low compared to other factors.

    “The Commerce Commission’s market study highlighted high levels of customer inertia as a key barrier to competition. Efforts to reduce real and perceived barriers to switching banks and supporting innovation through open banking is key to promoting competition,” Mr Hawkesby says.

    More information

    Submission on Finance and Expenditure Select Committee Inquiry into banking competition (PDF, 378KB) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=4d1c93a0a3&e=f3c68946f8
    Reserve Bank Bulletin: How risk weights affect bank lending  https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=651ca9ee10&e=f3c68946f8
    Parliament Select Committee Inquiry into Banking Competition https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=e6c8d5275e&e=f3c68946f8
    Keynote speech by Deputy Governor Christian Hawkesby: Resilience as a pathway to prosperity https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=b05e115364&e=f3c68946f8
    RBNZ Submission on Personal banking services market study: Draft report (PDF, 355KB) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=1163a8498b&e=f3c68946f8

    MIL OSI New Zealand News –

    January 22, 2025
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