Category: Asia Pacific

  • MIL-OSI Russia: Alexander Novak held talks with the Secretary General of the Gas Exporting Countries Forum Mohamed Hamel

    MILES AXLE Translation. Region: Russian Federation –

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

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    Alexander Novak held talks with the Secretary General of the Gas Exporting Countries Forum Mohamed Hamel

    Deputy Prime Minister of the Russian Federation Alexander Novak met with Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel on the sidelines of the international forum “Russian Energy Week”.

    Alexander Novak called the GECF an important platform for comprehensive dialogue in the energy sector and stated Russia’s interest in further increasing the organization’s authority in the gas market, where, in the context of geopolitical pressure, the demand for constructive cooperation is growing.

    The Deputy Prime Minister named cooperation in the scientific and analytical fields, building up technological partnerships in the gas chemical industry, creating a gas development bank and a network of research centers around the world as priority topics for interaction between Russia and the GECF.

    “GECF forecasts a 34% increase in global gas demand by 2050, with the growth drivers being developing countries in the Asia-Pacific region, the Middle East and Africa. GECF should use its potential and accumulated experience to develop the global energy market by providing developing countries with access to financial products, consulting support, and business solutions from the largest market players. Combating underinvestment in the industry should become a key mission of the GECF gas bank, especially in a situation where global development institutions refuse to finance gas projects, promoting only renewable energy sources,” said Alexander Novak.

    The parties emphasized that gas as an environmentally friendly fuel will take a dominant position in the global fuel and energy balance in the next 25 years. This should be facilitated by new instruments for GECF members, in particular the possibility of organizing swap agreements and gas hubs, which will reduce logistics costs in the delivery of raw materials, as well as conclude profitable long-term contracts with gas consumers. The emergence of secure payment mechanisms is necessary, as well as the expansion of cooperation in the field of equipment and technology supplies.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52816/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI: KCEX Expands Global Crypto Trading Platform with New Reward Center and Daily Futures Trading Competitions

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 27, 2024 (GLOBE NEWSWIRE) — KCEX, a leading cryptocurrency exchange, has made significant strides in the digital asset trading space by unveiling a suite of new features, including its Reward Center and a Futures Trading Competition. With a commitment to enhancing user engagement and providing a robust platform for traders, KCEX aims to establish itself as a prominent player in the global crypto trading market.

    Enhanced Trading Experience with KCEX: KCEX has quickly risen as a reliable platform for both novice and experienced crypto traders. The platform provides a secure and user-friendly environment, with over 500 cryptocurrencies available for trading, alongside futures and spot trading options. Notably, the exchange integrates advanced charting tools, competitive trading fees, and robust security features, making it a comprehensive destination for traders worldwide.

    KCEX’s transparent fee structure is a standout feature, offering some of the lowest transaction fees in the market. Traders benefit from a 0% fee on spot trades and a dynamic fee structure of 0% maker, 0.02% taker for futures trading, ensuring affordability across diverse trading strategies. Additionally, KCEX offers exceptional liquidity, which is critical for executing trades swiftly and efficiently, minimizing slippage even in volatile markets.

    Futures Trading Competition: One of the most exciting developments from KCEX is the launch of its Daily Futures PNL Trading Competition, aimed at encouraging active trading and rewarding top-performing users. The competition is structured to reward participants based on their daily profit from futures trading activities, offering an opportunity for both professional traders and enthusiasts to showcase their skills.

    The competition has garnered attention for its attractive daily prize pool of $20K, with rewards distributed to top traders based on their performance in futures trading. This event fosters a competitive yet supportive environment, where traders can engage with the platform, test their strategies, and potentially walk away with significant rewards.

    Reward Center – Incentives for Traders: To further incentivize its user base, KCEX has introduced the Reward Center, a centralized hub where traders can access exclusive bonuses and rewards. The Reward Center is designed to offer a variety of incentives for simple tasks, tailored to boost user engagement and satisfaction.

    Security and Compliance: KCEX has placed a strong emphasis on security and regulatory compliance, which are critical factors for users in today’s volatile cryptocurrency market. The platform utilizes advanced security protocols such as two-factor authentication (2FA), multi-signature wallets, and cold storage solutions to safeguard user assets. Moreover, KCEX adheres to strict anti-money laundering (AML) and know your customer (KYC) regulations, ensuring a safe and compliant trading environment for its global user base.

    Global Reach and Community Engagement: With a growing user base across Asia, Europe, and North America, KCEX has positioned itself as a global platform. Its multilingual support and localized services cater to a diverse range of users, enhancing accessibility. Additionally, KCEX engages actively with its community through social media, offering regular updates, educational content, and market insights, which help traders make informed decisions.

    The exchange’s customer support services have also been highly rated for their responsiveness and efficiency, ensuring that users receive timely assistance with any technical or trading-related issues.

    Future Plans and Roadmap: Looking ahead, KCEX aims to continue expanding its product offerings and global footprint. The platform is exploring the integration of new blockchain technologies and DeFi (Decentralized Finance) features to enhance the trading experience further.

    Conclusion: KCEX’s new features, including the Daily Futures PNL Trading Competition and Reward Center, underscore the platform’s commitment to providing a comprehensive and rewarding trading experience for users. As the cryptocurrency market continues to evolve, KCEX is well-positioned to remain a key player, offering innovative solutions, robust security, and a user-centric approach to trading.

    For more information:

    Web: www.kcex.com
    Contact Name: Carl Yang
    Official Email ID: carl@kcex.com

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bcb219e0-1833-446f-8a41-5682e9db99ed

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4f34302e-2cf9-485e-935a-58a93b980416

    The MIL Network

  • MIL-OSI United Kingdom: MHRA approves first medicine for rare immune disease APDS

    Source: United Kingdom – Executive Government & Departments

    The Medicines and Healthcare products Regulatory Agency (MHRA) has today approved leniolisib phosphate (Joenja) to treat a rare immune disease known as activated phosphoinositide 3-kinase delta syndrome or APDS in adults and adolescents aged 12-years-old and older who weigh 45kg or more. 

    APDS is an inherited disorder where the patient is unable to fight infections because the immune system (the body’s natural defences) does not work properly.

    The main symptoms usually occur in the first two years of life and include repeated lung infections and a failure to grow and develop normally.

    APDS is a long-term debilitating and life-threatening condition due to repeated lung infections that can lead to bronchiectasis (enlargement and inflammation of part of the airways). Patients with APDS are more prone to develop blood cell cancers, like lymphoma.

    The recommended dose is 1 tablet twice daily, approximately 12 hours apart in adults and adolescents from 12 years weighing 45 kg or more.

    This is also the first time the MHRA has approved a new medicine following an approval by the US Food and Drug Administration FDA. This is because the medicine was approved via a fast-track approval process for medicines, known as the International Recognition Procedure (IRP).

    This allows the MHRA to consider the expertise and decision-making of trusted regulatory partners for the benefit of UK patients. In this case, the regulatory partner was the FDA. As a sovereign regulator, the MHRA retains ultimate authority to accept or reject applications submitted under the IRP, ensuring that all medicines meet safety, quality and effectiveness standards to be licensed in the UK.

    The MHRA considered the assessment made by the US regulator as part of its own review, facilitating a rapid approval process.

    Julian Beach, MHRA Interim Executive Director of Healthcare Quality and Access, said:

    We are focused on providing UK patients access to safe and effective medicines in the shortest possible time.

    Approval of leniolisib through the IRP means we have facilitated access for people suffering from this serious disease to an effective medicine to fight infections and reduce symptoms of the disease. 

    This approval means the appropriate regulatory standards of safety, quality and effectivenessof this new medicine have been met.

    As with all medicines, we will keep its safety under close review. 

    The MHRA’s approval of the medicine is supported by evidence from a placebo-controlled study, carried out over 12-weeks. This study was blind and randomised. Thirty-one adult and paediatric patients participated.

    During the study, 21 patients received 70 mg of leniolisib and 10 received placebo twice daily. The co‑primary efficacy endpoints were improvement in the reduction in the size of lymph nodes and the normalisation of immunophenotype.

    By day 85 of the study, patients taking leniolisib saw a reduction in lymph node size and a correction of the underlying immune defect.

    As with any medicine, the MHRA will keep the safety and effectiveness of leniolisib under close review. 

    A full list of all side effects reported with this medicine are available in the patient information leaflet or from the product information published on the MHRA website

    If a patient experiences any side effects, they should talk to their doctor, pharmacist, or nurse. This includes any possible side effects not listed in the product information leaflets.

    Anyone who suspects they are having a side effect from this medicine is encouraged to talk to their doctor, pharmacist or nurse and report it directly to the MHRA’s Yellow Card scheme.

    ENDS

    Notes to editors  

    • The marketing authorisation was granted for leniolisib (Joenja) on 26 September 2024 to Pharming Technologies B.V via the International Recognition Procedure.
    • The IRP is open to applicants that have already received an authorisation for the same product from one of MHRA’s specified trusted regulators. These are the regulatory authorities from Australia, Canada, the European Union, Japan, Switzerland, Singapore and the United States.
    • Applications under the International Recognition Procedure (IRP) can be received via the MHRA website. Time horizons for authorisations are set at 60 to 110 days – considerably shorter than the current 150-day time horizon for applications. To further streamline the IRP application process, the MHRA launched an ‘Eligibility Checker’ tool on 20 November 2023.
    • More information can be found in the Summary of Product Characteristics and Patient Information leaflets which will be published on the MHRA Products website within 7 days of approval.
    • The MHRA is an executive agency of the Department of Health and Social Care.
    • The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe.  All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks.
    • For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.

    Updates to this page

    Published 27 September 2024

    MIL OSI United Kingdom

  • MIL-OSI Banking: AIIB Launches Groundbreaking Tool for Concessional Resource Mobilization

    Source: Asia Infrastructure Investment Bank

    The Asian Infrastructure Investment Bank (AIIB) unveiled its latest digital solution, AIIB+, a first-of-its-kind interface designed to better match external concessional and technical resources with AIIB’s project pipeline.

    “AIIB+ is not just another digital platform,” said AIIB Vice President, Policy and Strategy, Sir Danny Alexander. “It is a vision, which intends to revolutionize the way in which Multilateral Development Banks mobilize concessional resources.”

    To address the urgent and significant infrastructure needs faced by developing countries in Asia and beyond, AIIB+ aims to:

    • 1) Match AIIB’s project pipeline with the most suitable technical and concessional financial resources from external partners
    • 2) Mobilize grants and concessional finance at speed and scale with minimum transaction costs and maximum leverage for donors
    • 3) Scale the impact for clients by expanding the range of financing and technical sources and partners, connecting them with other digital solutions.

    “As the first MDB digital matchmaker, AIIB+ is poised to transform the landscape of infrastructure financing,” Sir Danny said. “It is not just about funding, it is about creating partnerships to bridge gaps, build futures and deliver concessional financing to AIIB Members.”

    Several institutions, public and private, have already subscribed to the digital portal and joined the launch, including the Swiss State Secretariat Office for Economic Affairs (SECO), the China International Development Co-operation Agency (CIDCA), the United Nations Development Programme (UNDP), the United Nations Children’s Fund (UNICEF) and the Alliance to End Plastic Waste (AEPW).

    For more information on AIIB+ or to become a member, please visit AIIB+ Portal or email partnerships@aiib.org

    About AIIB

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

    MIL OSI Global Banks

  • MIL-OSI Economics: RBI to conduct 4-day Variable Rate Reverse Repo (VRRR) auction under LAF on September 30, 2024

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on September 30, 2024, Monday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor
    (day)
    Window Timing Date of Reversal
    1 1,00,000 4 10:30 AM to 11:00 AM October 04, 2024
    (Friday)

    2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1173

    MIL OSI Economics

  • MIL-OSI United Kingdom: Professor reappointed as UK’s International Education Champion

    Source: United Kingdom – Executive Government & Departments

    Government reappoints Professor Sir Steve Smith as its International Education Champion, supporting the promotion of UK education excellence around the world.

    • Sir Steve will continue to support the government’s international education work
    • His work will promote UK excellence in education around the world
    • Officials will conduct a review of the International Education Strategy

    Sir Steve Smith has been reappointed as the UK Government’s International Education Champion.

    Reappointed by Minister for Exports, Gareth Thomas, and the Skills Minister, The Rt Hon Baroness Smith, Sir Steve’s tenure as International Education Champion (IEC) has been extended for one year from 1 October..

    Under a commitment made in the UK Government’s International Education Strategy, published in 2019, Sir Steve was originally appointed as IEC in June 2020 for a four-year term.

    In his role as IEC, Sir Steve will continue to support the government’s international education work, including engaging with governments around the world and promoting UK excellence and partnerships in all education sub-sectors.

    More widely, with the change in government, officials will conduct a review of the International Education Strategy, which will ensure that it continues to be an effective tool in increasing the value of education exports, promote policy dialogue and reflect the priorities of education stakeholders, businesses and Ministers.

    Sir Steve was previously Vice-Chancellor of University of Exeter for 18 years and brings vast experience to the IEC role, where he has played a pivotal role in developing deep relationships, including at Ministerial level internationally.

    In his role as IEC, he has already supported significant progress across priority countries including:

    • Leading over 500 meetings with stakeholders and 22 visits overseas , which has helped open the door for education exports, now amounting to more than £28bn.
    • Taking forward the relationship with education ministers in particular with Saudi Arabia, to develop the pipeline of opportunities for UK education suppliers relating to the Kingdom’s Vision 2030; and Nigeria, where the UK has co-written the country’s guidelines for Transnational Education, opening up opportunities for UK universities to provide their offer in Nigeria.
    • Leading a delegation of 31 UK higher education institutions to India, where a range of partnership opportunities have been progressed.

    On his re-appointment, Prof. Sir Steve Smith said:

    “I am absolutely delighted to be continuing in my role as the UK’s International Education Champion, working with the government, both at home and overseas, to ensure that the UK makes the very most of international opportunities, across the breadth of the UK’s world-leading education sector.

    “It’s a critical time for the education sector and I look forward to building on the trusting relationships we have with our partners around the world.”

    Exports Minister Gareth Thomas said:

    “The UK is an international powerhouse when it comes to our education services, and I’m very pleased that Sir Steve will be continuing in his role to champion the country around the world.

    “I want to see more UK educators exporting their brilliant services around the world, and promoting our high standards, that’s why Sir Steve’s work is so important.”

    Baroness Smith, Minister for Skills, said:

    “Sir Steve has a wealth of experience in showcasing our brilliant education sector, and I am thrilled that he will continue in this role for a further year.

    “The UK is rightly regarded as an education powerhouse and Sir Steve’s vital work will continue to strengthen that reputation around the world, driving economic growth and boosting our global prestige.”

    Updates to this page

    Published 27 September 2024

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: SIM card registration enhanced

    Source: Hong Kong Information Services

    The Office of the Communications Authority (OFCA) today announced that starting October 1, Hong Kong identity (HKID) card holders completing real-name registration for pre-paid SIM (PPS) cards via telecommunications service providers’ online registration platforms can by default register and verify their identities through the iAM Smart mobile application.

     

    The enhancement aims to ensure the effective implementation of the Real-name Registration Programme for SIM Cards and enable the public to activate PPS cards more conveniently.

     

    According to the Telecommunications (Registration of SIM Cards) Regulation, Hong Kong residents must use HKID cards for real-name registration.

     

    If people choose not to use iAM Smart for real-name registration, telecommunications service providers will manually verify registration information submitted. PPS cards will only be activated after completion of real-name registration procedures.

     

    To help the public understand more about the enhancement, the OFCA and the Digital Policy Office jointly conducted publicity and education activities in Mong Kok today, with mobile registration teams assisting people in registering for iAM Smart on-site.

     

    Additionally, the OFCA has requested that telecommunications service providers step up their inspection of user information in relation to PPS cards and refer suspicious cases to Police for follow-up to assist in combating phone deception.

     

    As of the end of August, telecommunications service providers had rejected around 3 million registration requests due to applicants failing to provide information in compliance with the registration requirements. Around 2.64 million non-compliant PPS cards had been deregistered.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CHP investigates case of human infection of rat Hepatitis E virus

    Source: Hong Kong Government special administrative region

    CHP investigates case of human infection of rat Hepatitis E virus
    CHP investigates case of human infection of rat Hepatitis E virus
    *****************************************************************

         The Centre for Health Protection (CHP) of the Department of Health today (September 27) said that it is investigating a case of human infection of rat Hepatitis E virus (HEV) and urged members of the public to be vigilant against Hepatitis E infection and to strictly observe good personal, food and environmental hygiene. If the public developed compatible symptoms, they should consult a doctor early.     The case involves a 61-year-old woman with underlying illnesses and immunosuppression. She had dark urine since early September and was found to have a persistently deranged liver function during her follow-up consultation in Union Hospital. Her blood sample tested positive for rat HEV upon laboratory testing. The patient is now in stable condition.     The CHP’s epidemiological investigations revealed that the patient resides in Hung Hom. She claimed that she did not have direct contact with rodents or rats, and had no travel history during the incubation period, indicating that this is a locally acquired infection. The CHP does not rule out the possibility that the patient may have been indirectly exposed to places or food contaminated by rodents or their excreta during the incubation period, leading to the infection.     Investigating personnel of the CHP and the Food and Environmental Hygiene Department (FEHD) conducted a site visit to the place where the patient lives to inspect the rodent infestation and environmental hygiene. Some traces of rodents were found during the inspection. The property management of the patient’s residence will set up thermal imaging cameras at the concerned places to conduct rodent activity survey. The Pest Control Advisory Section of the FEHD will carry out rodent control measures as appropriate and necessary. The CHP’s investigation is still ongoing.     Possible routes of transmission of rat HEV to humans include ingestion of food or water contaminated by rodents or their excreta, exposure to environments or objects contaminated by rodents or their excreta and direct contact with rodents or their excreta. The usual HEV causing human infection is transmitted mainly through the faecal-oral route.     To prevent Hepatitis E infection, members of the public should maintain good personal, food and environmental hygiene. For example, they should wash hands thoroughly before eating, store food properly or in the refrigerator, not leave food at room temperature for a long time, and use 1:99 diluted household bleach for general household cleaning and disinfection as household detergent may not be able to kill HEV. High-risk individuals, such as elderly persons with a major underlying illness (especially those who have undergone organ transplantation), pregnant women, patients with chronic liver disease and patients with Glucose-6-Phosphate Dehydrogenase Deficiency (also known as G6PD Deficiency), who are infected with HEV may develop a serious illness, so they should exercise extra caution.     The Five Keys to Food Safety should be adopted when handling food, i.e. Choose (choose safe raw materials), Clean (keep hands and utensils clean), Separate (separate raw and cooked food), Cook (cook thoroughly) and Safe Temperature (keep food at a safe temperature), to prevent food-borne diseases. 

    Drink only boiled water from the mains or bottled drinks from reliable sources.
    Avoid drinks with ice of unknown origin.
    Purchase fresh food from hygienic and reliable sources. Do not patronise illegal hawkers.
    Clean and wash food thoroughly. Cook food, especially seafood (e.g. shellfish), pork and pig offal, thoroughly before consumption. Avoid raw food or undercooked food.
    Slice raw meat and offal into thin strips to allow thorough cooking, especially during hotpot or congee cooking.
    For sliced pig liver, depending on the thickness and quantity, boil at 100 degrees Celsius or stir-fry in a hot skillet/wok for at least three to five minutes.
    Heating to an internal temperature of 90 degrees C for 90 seconds is required for cooking of molluscan shellfish. If possible, remove the shells before cooking as they impede heat penetration. Otherwise, boil at 100 degrees C until their shells open; boil for a further three to five minutes afterwards. Discard any shellfish that do not open during cooking.
    For meat and offal, make sure that juices are clear, not red, and blood is not visible when cutting the cooked meat and offal.
    When having hotpot, use separate chopsticks and utensils for handling raw and cooked foods to prevent cross-contamination.

              ???In general, rodents (such as rats) can transmit multiple diseases to humans directly and indirectly. The public are advised to adopt the following measures:     

    Eliminate sources of food and nesting places for rodents in the living environment. Store food in covered containers and handle pet food properly to prevent it from becoming food for rodents;
    Store all refuse and food remnants in dustbins with well-fitted covers. Dustbins must be emptied at least once a day;
    Keep premises, especially refuse rooms and stairways, clean. Avoid accumulation of articles;
    Inspect all flower beds and pavements for rodent infestation regularly; and
    Avoid the high-risk activities below to reduce rodent contact:

         – Avoid rodent contact and places dirtied with rodent excreta;     – Avoid handling rodents with bare hands;     – Wash hands with liquid soap and water immediately after handling animals, and disinfect contaminated areas; and     – If a wound appears, clean the broken skin immediately and cover it properly with waterproof adhesive dressings.

     
    Ends/Friday, September 27, 2024Issued at HKT 20:10

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SJ engages with legal sector in KL

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam today promoted Hong Kong’s legal services as he continued a visit to Kuala Lumpur, Malaysia, as part of a tour of Association of Southeast Asian Nations (ASEAN) member states.

     

    Mr Lam met Deputy President of the Associated Chinese Chambers of Commerce & Industry of Malaysia Ng Yih Pyng this morning to learn more about the country’s need for cross-jurisdictional legal services, and briefed him on Hong Kong’s diversified professional services.

     

    He then received a lunch briefing from Chief Executive Officer of Standard Chartered Saadiq Malaysia Bilal Parvaiz, gaining a better understanding of Malaysia’s business landscape and the demand from its financial sector for legal and dispute resolution services.

     

    That was followed by a meeting with Vice-President of the Malaysian Bar Anand Raj, which entailed a discussion about legal co-operation and exchanges between Malaysia and Hong Kong.

     

    Mr Lam also took the opportunity to visit the Malaysian International Mediation Centre, which was launched in January under the auspices of the Malaysian Bar Council.

     

    In addition, he met Chief Executive Officer of the Asian International Arbitration Centre (AIAC) Almalena Sharmila Johan to learn about its provision of institutional support for domestic and international arbitration and other alternative dispute resolution proceedings.

     

    Upon arriving in Kuala Lumpur yesterday afternoon, Mr Lam had a meeting with Attorney General of Malaysia Tan Sri Ahmad Terrirudin bin Mohd Salleh.

     

    He also met representatives from Malaysia’s legal and business sectors at a seminar titled Hong Kong: The Common Law Gateway for Malaysian Businesses to China and Beyond. This was followed by an evening networking reception co-organised by the Department of Justice (DoJ), the Hong Kong Economic & Trade Office in Jakarta and the National Chamber of Commerce & Industry of Malaysia.

     

    Attendees were briefed on various topics, including Hong Kong’s unique advantages under “one country, two systems”, and its latest lawtech services for resolving cross-border disputes.

     

    During the seminar, Mr Lam witnessed the signing of a memorandum of understanding (MoU), facilitated by the DoJ, between the South China International Arbitration Center (HK) and the AIAC, and a supplementary MoU between the eBRAM International Online Dispute Resolution Centre and the AIAC.

     

    Yesterday’s itinerary ended with a dinner meeting between Mr Lam and Malaysia’s Minister in the Prime Minister’s Department Azalina Othman Said.

     

    Mr Lam will conclude his ASEAN tour and return to Hong Kong tomorrow.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Conference for the Directors on the Boards of Small Finance Banks (SFBs) held at Bengaluru on September 27, 2024

    Source: Reserve Bank of India

    The Reserve Bank today held a Conference in Bengaluru for the Directors on the Boards of Small Finance Banks (SFBs). Shri Swaminathan J, Deputy Governor inaugurated the Conference. The event, with the theme ‘Governance in SFBs – Driving Sustainable Growth and Stability’, is part of a series of supervisory engagements that the Reserve Bank has been organising with the Directors of its Supervised Entities in recent past. Earlier, the Conferences for Directors on the Boards of Public Sector Banks and Private Sector Banks were held in May 2023 and for UCBs in August 2023 and June 2024.

    Executive Directors Shri S C Murmu, Shri Rohit Jain and Shri R L K Rao along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the Reserve Bank also participated in the Conference.

    Deputy Governor Shri Swaminathan J., in his keynote address, underscored the significant role of Governance in guiding SFBs towards sustainable growth with stability. He also exhorted the Directors to be vigilant and proactive in identifying and mitigating emerging risks and highlighted the importance of sustainable business models. He emphasised the need for strengthening cybersecurity to safeguard against digital threats, and urged a stronger focus on financial inclusion, customer service and grievance redressal to ensure a broader reach of banking services.

    The Conference also included technical sessions conducted by senior officials of RBI in the areas of ‘Governance and Assurance Functions’, ‘Business Risk – Regulatory & Supervisory Expectations’ and ‘IT Systems & Cybersecurity’. The technical sessions were followed by a talk by an external Expert on ‘Board Conduct in Banks’ and a panel discussion by Independent Directors of select SFBs on the topic – ‘SFBs Prospects & Challenges’.

    The Conference concluded with an open house interactive session of the participants with the Executive Directors of the Reserve Bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1176

    MIL OSI Economics

  • MIL-OSI Global: How to get Britain back to work

    Source: The Conversation – UK – By Pete Robertson, Professor of Career Guidance, Edinburgh Napier University

    BasPhoto/Shutterstock

    Addressing his party conference as prime minister for the first time, Keir Starmer made it clear that moving people into work is a priority for his government. He said even the long-term sick should be looking for a job where possible.

    In the last fourteen years, progressively more demands have been made on UK benefit claimants to prove that they are looking for a job. This approach is not based on evidence but rather rooted in an ideology with international reach. (Similar approaches have been seen in places like Australia and Ireland).

    This involves a simplistic carrot-and-stick model of human motivation to work, and a “work-first” doctrine of getting people into the first available job irrespective of its appropriateness or sustainability.

    But as a new report makes clear, looking at people’s lives in a more holistic, long-term way, with a sensitivity to the barriers they face is more likely to get results. Rather than work-first, we need a career-first approach.

    Since the start of the COVID pandemic, levels of economic inactivity
    in the UK have grown significantly. Fewer workers are entering the labour market and more older people are leaving the workforce early. The number of people not working because of long-term illness has also risen substantially.

    This isn’t great news for the new Labour government that is counting on economic growth to get the country into better financial health. It is hard to grow the economy with improved efficiency because that requires investment. A much easier route is to increase the size of the workforce.

    Recognising the risks of economic inactivity, the Commission for the Future of Employment Support was launched in December 2022 by the thinktank the Institute for Employment Studies to review the public services that help people to find a job and employers to find staff.

    Its newly released report places employment support in the wider context of the challenges in the UK labour market and its effect on economic growth. With the UK government ruling out raising the three main taxes, it must prioritise economic growth. This is why economic inactivity in the workforce really matters.




    Read more:
    Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver


    The commission reserves its strongest criticism for the extent to which employment support has become entangled with welfare conditionality. That is, making behavioural demands on claimants, using surveillance to ensure they comply, and using sanctions – typically withholding benefit payments.

    Adults lead complicated lives, and they are unemployed for a reason (or more often, for multiple reasons). This may be to do with skills, confidence, health, local geography, the needs of dependants or many other factors. These issues will not go away if a service fails to address them. So effective career support must consider the whole person and pathways to sustainable work.

    A jobs and careers service

    The report’s recommendations are aligned with the Labour party promise to create a jobs and careers service, one of its manifesto pledges to kickstart economic growth. Labour has suggested bringing the Jobcentre Plus network together with the National Careers Service.

    The commission recommends three modes of delivery: local offices, an online service and outreach for those facing the most significant barriers. It also recommends entitlement-to-employment advice, and drawing a clearer distinction between employment support and welfare benefit administration.

    But will it work? It is hard to disagree with the recommendations – the rationale is sound and well argued. It is based on historical experience, international comparison, economic analysis and service evaluation. If a reimagined jobs and career service was provided along the lines described by the commission, then its success will probably depend on sticking closely to this vision.

    To make it happen, there are three inter-related problems to overcome. The first is financial pressures on the UK government, which limit its ability to invest.

    Second, if service users are seen as a reserve pool of labour that the government can activate in pursuit of economic growth, this may undermine reform.

    Third, career development is a professional service involving person-centred counselling and an educational approach. This requires staff trained to a professional level, with a code of ethics, who put the service user first. Previous experience of integrating career guidance in public employment services in Europe suggests that their professionalism can be undermined by the host agency.

    Now, the ball will be in the court of the Department for Work and Pensions, specifically work and pensions secretary Liz Kendall and minister Alison McGovern.

    The devolved governments of Wales, Scotland and Northern Ireland may also have a role, as these matters are at least partially in their remit. The report argues for a more complete and consistent devolution of powers for employment support to the UK nations.

    Local labour market partnerships in England are also part of this vision. This means bringing the jobs and career service together with local government, skills agencies, employers, trade unions, voluntary and community organisations and health services. Given the enormous geographical variation in labour markets, it makes sense for local areas to develop their own structures for cooperation between services.

    The main issue is that employment support policy has tended to see unemployed people as units that could and should be contributing to the economy. This needs to be flipped so that services become about helping people to get the economy to work for them, and to build a decent life with some dignity in the process. Unless this is deep in the DNA of the new service, it won’t be that new after all.

    Pete Robertson is the President of the Career Development Institute (CDI). This is the UK professional body for career development practitioners.

    ref. How to get Britain back to work – https://theconversation.com/how-to-get-britain-back-to-work-239678

    MIL OSI – Global Reports

  • MIL-OSI Global: The biological marvels of the seabed are being mined to create commercial products – here are the risks

    Source: The Conversation – UK – By Erik Zhivkoplias, Researcher in Marine Governance, Stockholm University

    Thousands of genes from deep-sea marine life are being used to create new commercial products ranging from pharmaceuticals to cosmetics. Genes are segments of DNA that provide instructions for making other molecules that are essential for the structure and function of living organisms.

    In a paper we recently published with other colleagues, we investigated how bioprospecting – the search and discovery of potential products from animals, plants and microbes – could serve as a less destructive alternative to deep-sea mining.

    Notably, all of the largest companies using marine genes have sourced them from deep-sea organisms in some capacity. Deep-sea animals possess unique genes that allow them to live in an environment unlike anything else on Earth, with its intense cold, crushing pressure and total darkness.

    What are these organisms? Most are microbes that have evolved over millions of years to thrive in extreme conditions. Among the most uniquely adapted are those found around hydrothermal vents, where mineral-rich seawater, superheated by magma, erupts from cracks in the ocean floor.

    Deep-sea enzymes, a type of molecule encoded by the genes of organisms that live in extreme environments, are stable in conditions that other enzymes often cannot function. Their ability to catalyse chemical reactions under high pressure and a wide range of temperatures makes them commercially valuable for making industrial and consumer products, including drugs, food, detergents and biofuels.

    Bioprospecting in the deep sea

    One remarkable example involves the bacteria that live in very salty habitats. This microbe was isolated from marine sediments collected at a depth of 1,050 meters near the Iheya ridge, 130 kilometers offshore from Iheya Island, Japan.

    Deep-sea shrimp in the dark depths of the Pacific Ocean.
    NOAA

    One of its enzymes has been shown to enhance the conversion of farm waste into glucose by helping break down cellulose into easily degradable pulp. This is a crucial step for converting biomass into ethanol, a renewable biofuel.

    Another enzyme extracted from a bacterium that exists under extremely high temperatures has been found to be highly efficient in completely removing lactose from milk.

    Some organisms contribute to multiple inventions, like a deep-sea worm collected at a depth of 2,625 meters from a hydrothermal vent on the East Pacific Rise, about 600 km off the Mexican coast. The worm hosted a bacterium that produces a molecule that was used to develop a skin cream, as it helps make skin less susceptible to damage from the sun and pollution. The unusual ability of this bacterium to live at temperatures above 100°C also made it a model organism for overcoming overheating in small satellites in Earth’s orbit.

    This is just a few examples among over 16,000 proteins derived from deep-sea species and used in technology, catalogued in this database.

    The potential for innovation from deep-sea species has not been fully explored. As of 2024, only a quarter of the seabed has been mapped and most deep-sea species remain undiscovered.

    The dangers of mining

    But the essential role of deep-sea life in the functioning of Earth’s systems may be far greater than previously understood.

    Researchers recently discovered an unusually high concentration of oxygen on the seafloor in the Pacific Ocean, referred to as “dark oxygen”. This oxygen may be being produced by electrolysis – when an electric current separates water into hydrogen and oxygen.

    Where might an electrical charge be generated at the bottom of the ocean? Perhaps on the surfaces of polymetallic nodules, rock-like formations composed of lots of different metals which can create differences in electrical potential when interacting with seawater. The formation of these metals is influenced by the activity of microbes living on them, which in turn affects the chemical properties of the surrounding environment. The production of dark oxygen could be vital for the respiration of other species living in the ocean where there is no sunlight.

    Unfortunately, deep-sea ecosystems are under threat from seabed mining for minerals. Polymetallic nodules are considered potential resources for manganese, nickel, and rare earth elements – materials used to make electronics and computers. The Clarion-Clipperton Zone, a Pacific region where dark oxygen was recently discovered, has already been divided into 16 mining claims.

    Nodules on the seabed.
    Abramax/Wikipedia, CC BY-SA

    Researchers and campaigners have warned that deep-sea mining could severely damage marine ecosystems and have highlighted the lack of scientific consensus on the long-term consequences of these operations. Once disturbed, the evolutionary history these ecosystems represent could be lost forever.

    The International Seabed Authority oversees the management of mining activities in international waters. Although it has not yet authorised any commercial mining, it has faced criticism for allegedly dismissing environmental concerns. The recent election of the new ISA secretary-general, Leticia Carvalho, offers an opportunity to safeguard vital areas of the world’s oceans, crucial for both nature and human wellbeing.

    We must rethink the true value of the deep sea and consider what losing it may mean for the rest of the world.



    Don’t have time to read about climate change as much as you’d like?

    Get our award-winning weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 35,000+ readers who’ve subscribed so far.


    Erik Zhivkoplias receives funding from Formas research grant 2020-01048.

    Robert Blasiak receives funding from Formas research grant 2020-01048.

    ref. The biological marvels of the seabed are being mined to create commercial products – here are the risks – https://theconversation.com/the-biological-marvels-of-the-seabed-are-being-mined-to-create-commercial-products-here-are-the-risks-237174

    MIL OSI – Global Reports

  • MIL-OSI Global: The contradictions of ‘Minnesota nice’

    Source: The Conversation – USA – By Giang Nguyen-Dien, Postdoctoral Fellow in American Culture Studies, Arts & Sciences at Washington University in St. Louis

    Members of St. Paul’s Hmong community protest in 1998 after a local radio host said on air that Hmong immigrants needed to ‘assimilate or hit the goddamn road.’ Bruce Bisping/Star Tribune via Getty Images

    After Kamala Harris selected Minnesota Gov. Tim Walz as her running mate, much of the media coverage zeroed in on Walz’s Midwestern roots, with some pundits using the phrase “Minnesota nice” to describe his appeal.

    In the popular imagination, Minnesota nice describes a culture of neighborliness and amicability that’s commonly seen as characteristic of the state. In policy terms, that might mean bigger investments in education, better public health, access to affordable housing and stronger worker rights – an extension of Walz’s achievements as Minnesota governor. Many Americans would probably like to see these values have primacy in the rest of the nation.

    I think Minnesota nice, whether represented in policies or in being kind to neighbors, is a worthy ideal. But as someone who has studied the experiences of Vietnamese refugees in Minnesota, I’ve written about how the trope of Minnesota nice has a more complex history – especially when it comes to nonwhite people.

    Rural origins

    In her book “Creating Minnesota: A History from the Inside Out,” historian Annette Atkins suggests that the trope of Minnesota nice may have its roots in the state’s Scandinavian immigrants and the influence of the Lutheran church.

    According to Atkins, Minnesota nice denotes “a polite friendliness, an aversion to confrontation, a tendency toward understatement … and emotional restraints.” These traits can be found in Scandinavian literature, film and art, as well as in 19th- and early 20th-century Lutheran values.

    By the turn of the 20th century, 72% of Norwegian immigrants to Minnesota and 62% of Swedish immigrants to the state resided in rural areas. And one core element of Minnesota nice is the notion that residents are welcoming to strangers from other lands.

    The arrival of Southeast Asian refugees

    After the Vietnam War ended in April 1975, more than 120,000 Vietnamese refugees came to the U.S. Another wave followed in 1978. Their arrival was not universally welcomed by the American public.

    To ease those concerns, government officials instituted a dispersal policy to spread out Southeast Asian refugees to ensure they wouldn’t be concentrated in any one region, town or city. They implemented this policy to reduce social and economic impacts on local communities – and also compel Southeast Asian refugees to assimilate into American culture.

    In Minnesota, while many newcomers were given a helping hand, many of them also experienced isolation and rejection.

    From 1979 to 1999, about 15,000 Vietnamese refugees arrived in Minnesota. My research shows that media outlets often ran articles highlighting the goodwill and generosity of locals, whether they were helping these refugees learn English, acquire job training, find work or secure housing.

    The Minneapolis Tribune reported in 1975 that the state was able to avoid any major public reactions against refugees because they posed “no major job threat,” since they were spread out across the state.

    Even as locals seemed largely supportive, the dispersal policy wasn’t ideal for many refugees. Many of them ended up in remote areas of Minnesota, far from a familiar ethnic community that could provide much-needed psychological and emotional support. Those in isolated areas often lacked access to social services and English language programs.

    For refugees, a more complicated view of Minnesota nice emerges, one that I think depends on being not too visible and not too much of a threat to the existing order. Many refugees were certainly grateful for the state and local support they received. But gratitude also became an “unspoken condition” for acceptance, as Iranian refugee Dina Nayeri reports in her book “The Ungrateful Refugee: What Immigrants Never Tell You.”

    In Minnesota, locals could seem largely unsympathetic to the complicated struggles of refugees trying to settle in a strange, new land. Rather than complain, they ought to be happy for the “small blessings” they received, as one local St. Cloud resident wrote to the Minneapolis Tribune in 1975.

    A refugee’s drawing on display at a 2010 exhibit in Minneapolis depicts the bombing of Laos during the shadow war.
    Bruce Bisping/Star Tribune via Getty Images

    Minnesota too nice

    When there was a sudden influx of refugees into one area, some residents could become even less welcoming.

    That’s what happened with the state’s Hmong refugees.

    An ethnic group originally from China, the Hmong arrived in Southeast Asia during the mid-19th century. During the Vietnam War, the U.S. government recruited the Hmong to fight in the Secret War in Laos, where the U.S. had been covertly providing aid and military assistance to anti-communist forces. After the war, some Hmong fled, fearing persecution. Many of them ended up in Minnesota. In 1980, there were about 2,000 Hmong people in Minnesota. By the end of 1981, their numbers had grown to 8,000, raising some alarm.

    “Some cynics say our problem is that we are too nice and have provided too many services,” a local resettlement official was quoted saying in a 1980 State Department report. In that same report, an official with a local charity suggested that Minnesota would soon be known as “Hmong-nesota.”

    In 1985, the Minnesota Star Tribune published a special report, “Hmong in Minnesota: Lost in the Promised Land,” that explored how many Hmong refugees had become “targets of racial epithets, harassment and violence” in the Twin Cities. The article noted that the Hmong came to realize that most Americans had never heard of them or their roles in the secret war in Laos. Instead, they often found themselves “resented, misunderstood and victimized by their neighbors.”

    To me, the anxiety over “Hmong-nesota” recalled the history of “yellow peril” – the imagined threat of Asian invasion and cultural disruptions that first emerged in the 19th century and shaped many U.S. immigration policies.

    Benevolence and violence

    My own research explores how feel-good tropes that are prominent in the U.S., such as Minnesota nice, usually mask a more complicated story.

    The U.S. government has often used the language of goodwill as a cover for violence – a phenomenon I call “bene/violence.”

    For example, the U.S. occupation of the Philippines, which began in 1899, was sugarcoated in the rhetoric of benevolence. William McKinley, who was U.S. president at the time, insisted that “the strong arm of authority” would promote “the blessings of good and stable government upon the people of the Philippine Islands under the free flag of the United States.” The story of conquest became the story of “uplifting” those deemed less civilized and incapable of self-governance.

    Two U.S. Marines stand at attention during a port call in Qingdao, China, in 1986.
    Forrest Anderson/Getty Images

    The same sort of talk was also used to justify U.S. military intervention in Vietnam. President Lyndon B. Johnson’s State of the Union address on Jan. 4, 1965, implored Americans to secure the “peace of Asia” and “the progress of humanity.” The government promoted the war in Vietnam as a just war, in part by claiming Americans were granting the Vietnamese the “gift of freedom,” as Asian American studies scholar Mimi Nguyen has written.

    Of course, this version of events ignores the carpet bombing that killed as many as 1 million civilians. It overlooks the fact that 30% of Laos is still blanketed with 80 million unexploded bombs and other ordnance. And it forgets to mention how the extensive use of the toxic herbicide Agent Orange continues to scar the Vietnamese landscape and the country’s people.

    The Minnesota paradox

    In the end, Minnesota nice signals that there’s something special about the state, just as “spreading democracy” and “protecting freedom” signal American exceptionalism on the international stage.

    But the 2020 murder of George Floyd in Minneapolis illuminated what economist Samuel L. Myers calls the “Minnesota Paradox” – a history of inequality that is totally divorced from the way niceness operates in the cultural imagination of the state’s residents.

    “African Americans are worse off in Minnesota than they are in virtually every other state in the nation,” Myers writes.

    In a 2021 essay, sociologist Amy August also highlighted the state’s persistent racial disparities in housing, health care, income and education to argue that whatever progressive promises the state makes, Minnesota is not apart from America but rather a part of America.

    Ultimately, I think the concept of Minnesota nice can create the illusion of a utopian society largely devoid of the ills of racism and inequality. It reinforces American kindness as a core aspect of national identity and, in doing so, I believe glosses over parts of the country’s history – while hampering its ability to address the very real problems that plague the nation today.

    I don’t reject what Minnesota nice purports to offer. But it is not a simple and straightforward cultural value adopted by – and equally applied to – everyone.

    Giang Nguyen-Dien does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. The contradictions of ‘Minnesota nice’ – https://theconversation.com/the-contradictions-of-minnesota-nice-236751

    MIL OSI – Global Reports

  • MIL-OSI Europe: ASIA/SOUTH KOREA – Documentary on the spiritual legacy of missionary John Lee Tae-seok

    Source: Agenzia Fides – MIL OSI

    Friday, 27 September 2024

    Rome (Agenzia Fides) – “Certain realities of life can only be seen with eyes washed by tears”. These words of Pope Francis during the meeting with young people in Manila are the key to understanding the documentary entitled “Risurrection” which will be screened on Saturday 28 September 2024 at 11 a.m. in the Pius XI Hall of the Pontifical Lateran University at the end of the Week of Korean Culture, a series of events organized by the Embassy of Korea to the Holy See to celebrate the “Day of the Foundation of Korea” which falls every year on October 3.The documentary shows the spiritual legacy of Father John Lee Tae-seok, a Korean Salesian who worked as a missionary and doctor in the community of Tonj in what is now South Sudan for almost a decade, from 2001 to 2009 (he was already a doctor when he became a Salesian, ed.). In Africa, he had a profound impact on the lives of the people he accompanied. At the time, these people were children or teenagers. Today they are adults, and some have followed his example and wanted to follow in his footsteps, not only in their profession as doctors, but also in their medical training, some even studying medicine at his university in Korea.And it is precisely these students from the Faculty of Medicine at Busan University in South Korea who are the protagonists of the film by Korean director Goo Soo Hwan, who also directed the famous film “Don’t cry for me, Sudan”, also dedicated to Father Lee and which was an extraordinary success in his own country (it was also shown at the Vatican in December 2011).”Risurrection” can be described as a sequel to “Don’t cry for me, Sudan”. Goo Soo Hwan’s new work begins after the death of Father Lee in 2010. These sad moments are narrated by his students, young people who were plunged into despair by the news of his death. A despair that did not last long, however: they soon realized that their task was to continue his mission, albeit in different ways.This is the key to the whole film: in South Sudanese culture, it is embarrassing to cry in public, but the students cannot hold back their tears when they think of their teacher. And it is precisely by sharing with him the love he gave them that tears soon give way to joy, and today gratitude towards Father Lee shines through in the gestures of his students. “Certain realities of life can only be seen with eyes washed clean by tears.”The director is keen to stress that the film does not only show the path of the missionary’s students to the profession of doctor: “They have become people who give: it is about how they live their lives. And they live exactly the life of their ‘spiritual father’. They showed me what happiness is and what authority really means.” “I wanted to know if the tears had changed the students. Well, their lives have changed a lot,” adds the director, who also has more than 30 years of experience as an investigative journalist. (F.B.) (Agenzia Fides, 27/9/2024)

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    MIL OSI Europe News

  • MIL-OSI: Bitget Takes the Spotlight at TOKEN2049 Singapore with Industry-Leading Announcements

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 27, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is pleased to reflect on its impactful participation at TOKEN2049 held at Marina Bay Sands in Singapore on September 18-19. The event this year was one of the biggest in the blockchain and cryptocurrency industry, drawing in over 20,000 attendees. TOKEN2049 provided a significant platform for industry leaders, influencers, and enthusiasts to connect and exchange insights. It attracted over 400 exhibitors and garnered an impressive 123 million online impressions.

    As TOKEN2049’s title partner, Bitget showcased its dedication to advancing innovation in the cryptocurrency industry. The company announced some of the most important news of the year during the conference, including reaching 45 million users amidst its 6th anniversary celebration, $30 million investment in TON Blockchain, and being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM. Moreover, Bitget threw private boat parties, hosted exclusive meetups, and sponsored the Blockchain4Her Awards at the SheFi Summit, which honors female leaders in the blockchain and cryptocurrency industries.

    Exchanges are essential to the development of the cryptocurrency market, as Bitget’s CEO Gracy Chen highlighted in her keynote speech, “Exchanges at the Helm: Driving Crypto from Niche to Mainstream.” Gracy Chen stressed the company’s strategic focus on localization and customization to improve user experience across diverse markets during a panel discussion at the event. She emphasized that Bitget has teams dedicated to these tasks, making sure their products are in line with local culture and preferences. “We focus on customization and localization in our product listings, language support, and cultural considerations,” Chen stated. “We are still learning how to better serve our global audience.”

    “TOKEN2049 has been a remarkable opportunity for Bitget to engage with Web3 leaders and reflect on the industry’s challenges and growth,” said Gracy Chen. “Our presence as a title partner allowed us to make significant investment and partnership announcements that will help shape the future narrative for crypto.”

    Apart from its official obligations, Bitget threw a colorful Nightopia celebration at Zouk. More than 2,000 people attended the event, which included world-famous DJ Don Diablo and Bassjackers, and created an exciting atmosphere that combined entertainment and cryptocurrency culture. Those who purchased their NFT tickets with Bitget Wallet were eligible for special benefits, like a chance to win a $10,000 BWB airdrop and free drinks all evening.

    Bitget’s team engaged with over 3,000 attendees at side events during TOKEN2049, showcasing its creative offerings and initiatives within the cryptocurrency ecosystem. With close to 6-figure social media mentions, the exchange garnered significant attention and enhanced its position as a prominent player in the market.

    Bitget’s participation in TOKEN2049 reaffirmed its goal to empower users through cutting-edge trading solutions and showcased its commitment to encouraging community involvement. Bitget was founded in 2018 and now has over 30 million users worldwide. It is dedicated to improving the user experience by offering features like the first copy trading system.

    Bitget’s strategic focus on fostering relationships within the cryptocurrency community and advancing inclusivity and diversity in Web3 is highlighted by the successful execution of these events. As the company looks ahead, it remains dedicated to shaping the future of finance by ensuring secure, efficient digital transactions for all users.

    Event highlights

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/40961fd7-18fd-4ed9-beed-73a8ee9bfdab

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cf614d6f-9892-4918-87e5-52d0defacaef

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e465b6ab-ec4e-4c78-8076-613c67192269

    https://www.globenewswire.com/NewsRoom/AttachmentNg/577a3f9c-aa7e-41de-a4af-e170bcbf2f28

    https://www.globenewswire.com/NewsRoom/AttachmentNg/714a47b9-d7bf-4690-a8c7-114667f35ee2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0a3feaf7-1465-4ea2-8bbc-3be5b2f7efa6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3a392595-7d3a-4a6c-a658-6c314be367bc

    The MIL Network

  • MIL-OSI Economics: Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) – Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak (Karnataka)

    Source: Reserve Bank of India

    It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No. S4800/12-23-151/2024-2025 dated September 26, 2024, has issued certain Directions to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak, (the bank) whereby, as from the close of business on September 27, 2024, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated September 26, 2024. Considering the bank’s present liquidity position, the bank has been directed not to allow withdrawal of any amount from savings bank, current accounts or any other account of a depositor, but set off of loans against deposits is allowed, subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.

    2. These directions are necessitated due to supervisory concerns emanating from the recent adverse material developments in the bank, and to protect the interest of depositors of the bank.

    3. The eligible depositors of the bank would be entitled to receive deposit insurance claim amount for their deposits up to a monetary ceiling of ₹5,00,000/- (Rupees five lakh only) in the same capacity and in the same right, within 90 days, from the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the provisions of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 based on submission of willingness by the concerned depositors and after due verification. Details may also be accessed on the DICGC website: www.dicgc.org.in. As per the information currently available with the Reserve Bank, more than 94 per cent of the depositors of the bank will be covered by DICGC for their entire account balance.

    4. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. Subject to the restrictions specified in the said Directions, the bank will continue to undertake its banking business, including recovery of loans. The Reserve Bank is monitoring the position of the bank and will continue to take necessary steps, including modifications of these Directions depending upon circumstances, in the interest of depositors.

    5. These Directions shall remain in force for a period of six months from the close of business on September 27, 2024 and are subject to review.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1179

    MIL OSI Economics

  • MIL-OSI Canada: Indigenous Guardians projects 2024–2025

    Source: Government of Canada News

    Today, Jaimee Gaunce, Executive Director of the First Nations National Guardians Network (NGN), joined the Honourable Steven Guilbeault, Minister of Environment and Climate Change; the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario; and Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River, to announce the investment of up to $27.6 million to support 80 First Nations Guardians initiatives.

    Alberta

    Project title: Mikisew Cree First Nation Guardian Program
    Recipient: Mikisew Cree First Nation – Government and Industry Relations
    Funding amount: $350,000
    Project description: This two-year, ongoing initiative will study how oil sands development, particularly bitumen mining and hydroelectric projects, are affecting the health of the Peace-Athabasca Delta, the heart of Mikisew’s traditional territory. Guardians work year-round to monitor water quality, collect data, track flood events, and monitor the fish population.

    Project title: Ni Ho Ghe Di – ACFN Guardian Program Athabasca Chipewyan First Nation
    Recipient: Dene Lands and Resource Management
    Funding amount: $350,000
    Project description: This two-year initiative will monitor and report on activities that may cause harm to the ecology, traditional lands, or traditional resources of Athabasca Chipewyan First Nation (ACFN), such as poaching and illegally hunting on the traditional territory, especially to protect Ronald Lake Buffalos. The initiative will also support youth to strengthen their cultural pride and connection to the land and develop on-the-land skills.

    Project title: Guardians of the Territory – Dene Tha’ First Nation
    Recipient: Dene Tha’ First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will engage in diverse activities, such as ecological restoration, supporting resource management plans, and ensuring compliance with laws and regulations. Guardians will protect and recover species at risk, manage land use in the proposed Indigenous Protected and Conserved Area at M’behcholia (Bistcho Lake, Alberta), and conduct environmental and wildlife monitoring.

    Project title: Alexis Nakota Sioux Nations Guardians Initiative
    Recipient: Alexis Nakota Sioux Nation
    Funding amount: $346,400
    Project description: This two-year initiative will involve conducting and analyzing aerial surveys, creating a geographic information system (GIS) data management and visualization system using R-Studio and ArcPY, and continue to develop the Stoney Land and Water Course.

    British Columbia

    Project title: Kitasoo Xai’xais Guardian Watchmen Program Enhancement
    Recipient: Kitasoo Xai’xais Nation
    Funding amount: $604,925
    Project description: This two-year initiative focuses on marine and terrestrial surveying, along with compliance and enforcement practices involving education, observation, and reporting. The Guardians also actively participate in the Coastal Nations Coast Guard Auxiliary and undertake training for emergency response in search and rescue and oil spills.

    Project title: Coastal Stewardship Network
    Recipient: Great Bear Initiative Society
    Funding amount: $499,785
    Project description: This two-year initiative provides programming to the Coastal First Nations – Great Bear Initiative’s eight member nations, who work directly with communities to support Guardians along the North and Central Coast and Haida Gwaii to track resource use and ecosystem health, provide training and professional development, raise awareness, and help establish a stewardship presence on the coast.

    Project title: Songhees Nation Guardians Program
    Recipient: Songhees Nation
    Funding amount: $50,000
    Project description: This one-year initiative continues work with community members, Band Council, and outside organizations to provide monitoring services, promote stewardship in the community, and restore habitat areas. This initiative helps establish stronger Indigenous presence on the water during fishing seasons, as it is critical in establishing more authority over fisheries and coastal resources on the land.

    Project title: Lower Nicola Indian Band – Indigenous Guardians Program – Tier 1
    Recipient: Lower Nicola Indian Band
    Funding amount: $49,450
    Project description: This one-year initiative aims to build capacity, skills, and knowledge for a new Guardians program in the community. This will involve mapping and indexing areas in the territory, engaging with Elders and knowledge keepers, engaging with the community, drafting a plan, and working with chief and council to ensure the vision aligns with the strategic plan.

    Project title: Mamalilikulla First Nation Guardian Program
    Recipient: Mamalilikulla First Nation
    Funding amount: $350,000
    Project description: This two-year initiative involves ongoing activities where Guardians spend time on the land to collect data, monitor cultural sites, manage Grizzly Bear populations, plant crab apple trees to provide food for the bears, and improve fisheries. This work helps the Chief and Council make informed decisions.

    Project title: Wet’suwet’en First Nation Guardian Initiative: A Holistic Approach
    Recipient: Wet’suwet’en First Nation
    Funding amount: $75,745
    Project description: This one-year initiative will monitor and collect data on moose population and mortality rates, assess wildlife habitats, setup wildlife cameras, and conduct riparian assessments. It will also explore starting a water-monitoring program in identified priority areas. These efforts will help the community observe and document activities or cumulative effects that impact their ability to practice traditional ways of life.

    Project title: Saulteau First Nations Indigenous Guardian Proposal
    Recipient: Saulteau First Nations
    Funding amount: $350,000
    Project description: This two-year initiative will help the community take leadership in monitoring, protecting, and restoring the lands and waters, which is essential for the health and well-being of the community. Activities include supporting safe food harvesting and cultural activities, protecting Klinse-za Park, monitoring climate changes, and understanding how events like forest fires affect the community, fluctuations in weather patterns, and alterations in animal movements and water availability.

    Project title: Saik’uz Guardian Program
    Recipient: Saik’uz First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will build upon long-term monitoring efforts through a self-sustaining, community-based Saik’uz Guardians Initiative. The Guardians will be guided by the wisdom of both Indigenous Knowledge and western science, for the purposes of empowerment and self-determination of the Nation’s future connected to the water and land of the Territory.

    Project title: P’egp’ig’lha Guardians
    Recipient: P’egp’ig’lha Council / T’it’q’et First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will conduct patrols of the land to ensure territorial health and study wildlife and fisheries. Guardians play an essential role in protecting and restoring the Stein-Nahatlatch Grizzly Bear population, assisting with wildfire recovery, and strengthening collaboration with other nearby Guardian programs.

    Project title: Pauquachin First Nation Marine Department – Stewardship Initiative
    Recipient: Pauquachin First Nation
    Funding amount: $350,000
    Project description: This two-year initiative monitors one of the most heavily travelled and utilized waterways within British Columbia. Guardians review culturally sensitive archaeological sites, harvesting areas, recreational and commercial fisheries use, environmental threats (pollution sources, dumping, illegal activities, and poaching), and conduct restoration in specified areas of importance. This initiative represents the community’s interests, concerns, and objectives to ensure waterways, food, historical sites, and cultural practices continue for generations to come.

    Project title: Takla Nation’s Tier 2 Guardians Initiative
    Recipient: Takla Nation
    Funding amount: $499,959
    Project description: This ongoing initiative monitors more than 30 established sites across Takla’s lands and waters. This work is essential for Takla to implement environmental and cultural protections, including ensuring archaeological impact assessments are carried out by various proponents and government agencies align with Takla’s Archaeology Policy. Additionally, it builds capacity to monitor the caribou and moose populations and sustains the Guardians program by fostering engagement with youth in the community.

    Project title: Tsilhqot’in Guardian Network
    Recipient: Tsilhqot’in National Government
    Funding amount: $500,000
    Project description: This two-year initiative, led by the Tsilhqot’in National Government in collaboration with six Tsilhqot’in communities—Xeni Gwet’in, Tlesqox, Tletinqox, Tsi Del Del, ?Esdilagh, and Yunesit’in—aims to integrate and strengthen Tsilhqot’in values in the management of the region’s lands and waters. Working in partnership with provincial and federal land and water management agencies, the initiative will see Guardians will conducting patrols for hunting, fishing, and fire prevention, as well as wildlife- and water-monitoring research to ensure the sustainable stewardship of Tsilhqot’in territories.

    Project title: Quatsino Axsilaxa Ahwheatnagwusn Guardians Program
    Recipient: Quatsino First Nation
    Funding amount: $342,765
    Project description: This two-year initiative aims to support the implementation of the Quatsino Land Use Plan and the Marine Use Plan. This will be done through field-based work, such as data collection and monitoring. These efforts will be central to ecosystem restoration and establishing food security through the local harvesting of traditional foods.

    Project title: nłeʔképmx Guardians
    Recipient: Citxw Nlaka’pamux Assembly
    Funding amount: $350,000
    Project description: This two-year initiative will continue to establish presence on the land and provide public education and awareness about the nłeʔképmx territory, protocols, and cultural practices. Guardians will monitor and record activities on the land with a focus on priority areas determined by the Citxw Nlaka’pamux Assembly. These priority areas include critical hunting, fishing, gathering, and other culturally important areas. nłeʔképmx Guardians will record, monitor, and manage for invasive species and will contribute to research regarding species at risk in the territory.

    Project title: Supporting and Maintaining a Strong and Efficient Heiltsuk Guardian Watchmen Program
    Recipient: Heiltsuk Integrated Resource Management Department of the Heiltsuk Tribal Council
    Funding amount: $349,499
    Project description: This two-year initiative will focus on capacity-building, monitoring local aquatics ecosystems and community fisheries for safe harvesting and to support and reestablish this life-sustaining relationship between the people and territory.

    Project title: Haa Aaní Tulatín – Taku River Tlingit First Nation Land Guardian Program
    Recipient: Taku River Tlingit First Nation
    Funding amount: $349,600
    Project description: This two-year initiative will respond to threats to the territory and monitor salmon populations. The Guardians will work to strengthen salmon stewardship by organizing multi-day camps that focus on traditional fishing, intergenerational knowledge transfer, and on-the-land monitoring.

    Project title: Spuzzum Nation Land Guardians Initiative
    Recipient: Spuzzum Indian Band
    Funding amount: $50,020
    Project description: This one-year initiative will focus on protecting important ecosystems by monitoring key territorial and cultural sites, collecting ecological data, and safeguarding species like the endangered Northern Spotted Owl. The Guardians will also help to develop a framework for stewardship policies.

    Project title: Kwadacha Nation Tier 2 Guardian Proposal
    Recipient: Kwadacha Nation
    Funding amount: $348,734
    Project description: This two-year initiative aims to provide long-term ecological and cultural monitoring to track changes on key wildlife habitats, traditional food sources, and water sources. This will aid in discussing how potential changes may impact the roles and responsibilities of being Dena on the land.

    Project title: Doig River First Nation Guardian Program
    Recipient: Doig River First Nation
    Funding amount: $349,188
    Project description: This two-year initiative will focus on improving monitoring of the lands and waters by combining cultural methods and western science. Doig River First Nation Guardians will continue to monitor the health of the land, guided by members, and will work collaboratively with the government to address any impacts.

    Project title: Nahnéhé Gegenı́hı / Kakinawetakwow Uski / FNFN Land Guardian Initiative
    Recipient: Fort Nelson First Nation
    Funding amount: $375,000
    Project description: This two-year initiative supports the Fort Nelson First Nation (FNFN) stewardship, land management, and on-the-land cultural activities. The Guardian is guided by western science monitoring and research while grounded in Indigenous ways of knowing and understanding the health and condition of the lands and waters.

    Project title: Scianew Guardians Initiative
    Recipient: Beecher Bay First Nation
    Funding amount: $348,614
    Project description: This two-year initiative will work toward environmental conservation, monitoring, training for Guardians, impact assessments, land sovereignty, and marine safety. This will be done through partnerships with neighbouring nations, Western Canada Marine Response Corporation (WCMRC) and Kotug Canada.

    Project title: USIB Land Guardian Program
    Recipient: Upper Similkameen Indian Band
    Funding amount: $391,894
    Project description: This two-year initiative aims to address critical environmental challenges while deeply integrating Indigenous Knowledge, community engagement, and sustainable practices. The Guardians initiative emphasizes land conservation, sustainable resource management, and fostering ecosystem resilience.

    Project title: Establishing Boothroyd Guardians Program
    Recipient: Boothroyd Indian Band
    Funding amount: $50,000
    Project description: This one-year initiative will monitor environmental indicators within the territory, support restoration work in areas damaged by wildfire, and the subsequent erosion. Boothroyd Guardians will engage with land-user groups to increase understanding and respect for the environment.

    Project title: TTQ Guardians Program Initiation Project
    Recipient: TTQ Economic Development Corporation
    Funding amount: $62,533
    Project description: This one-year initiative aims to collect and organize Xa’xtsa’s previously recorded cultural knowledge data, map priority areas, and develop a monitoring plan. The goal is to observe changes in the supply of traditional herbs and plants, the frequency and impacts of foraging on the land, vitality of salmon spawning, changes in unauthorized camping, and invasive plants and animals.

    Project title: Wildfire Recovery Monitoring
    Recipient: Okanagan Indian Band
    Funding amount: $350,000
    Project description: This two-year initiative will assess the conditions of the White Rock Lake watershed before and after wildfires for the Okanagan Indian Band. The Guardians will conduct site assessments, inventory culturally significant resources, monitor wildlife, and assess the severity of burn damage to guide restoration efforts.

    Project title: Nanwakolas – Stewarding Through Indigenous Scientific Knowledge
    Recipient: Nanwakolas Council Society
    Funding amount: $500,000
    Project description: This two-year initiative will apply Kwakwaka’wakw values and Indigenous scientific knowledge on a variety of projects, including loxiwe (clam garden) restoration, canoe carving, hosting Guardian seasonal gathering events, as well as data collection on water, wildlife monitoring, climate change studies, and emergency response planning.

    Project title: Continuing to Build the Skwxwú7mesh Úxwumixw (Squamish Nation) Guardians Programs Initiative
    Recipient: Squamish Nation – Squamish Indian Band 555
    Funding amount: $349,505
    Project description: This two-year initiative will conduct stewardship activities, respond to climate events and emergencies, and increase public safety. The Guardians will continue to be on the land engaging and learning from Elders, knowledge keepers, and youth, as well as collaborating with other Nations to share information and build capacity across the National Guardians Network.

    Project title: St’át’imc Land Guardians
    Recipient: St’at’imc Government Services
    Funding amount: $425,180
    Project description: This two-year initiative will focus on the implementation of the St’át’imc Water Accord. This includes collecting baseline data of three intact watersheds and three impacted watersheds to assess water quality. Other activities include capacity-building and reviewing stories and legends through workshops/collaborative research with the Indigenous Law Research Unit.

    Project title: Nak’azdli Whut’en Yinka Huwunline (Looking After/Taking Care) Guardians Program
    Recipient: Nak’azdli Whut’en
    Funding amount: $349,942
    Project description: This two-year initiative will build geospatial mapping technology for Guardians to use in monitoring. It will create open portals for communication while protecting internal data and cultural information. The project will use remote sensing technology to create “living maps” that track seasonal phenology, quantify impacts, and present informed engagements on stewardship with industry, government, consultants, and academics.

    Project title: Lake Babine Nation Yintah Guardians
    Recipient: Lake Babine Nation
    Funding amount: $350,000
    Project description: This two-year initiative will lead the collaborative stewardship of yintah Lake Babine Nation (LBN) territory and the resources of two cultural keystone species, talok (Sockeye Salmon) and khida (moose), to restore moose populations to culturally meaningful levels, and to support fish monitoring, habitat restoration, and collaborative management.

    Manitoba

    Project title: Seal River Watershed Alliance Land Guardians Network
    Recipient: Seal River Watershed Alliance
    Funding amount: $500,000
    Project description: This two-year initiative will employ 14 youth and senior staff in Land Guardian positions across the four Nations of the Alliance. This initiative builds technical capacity and administers species and habitat identification, monitoring, and protection, and stewards the watershed.

    Project title: Askiy Okanawaynichikaywuk (Keepers of the Land)
    Recipient: York Factory First Nation
    Funding amount: $349,860
    Project description: This two-year initiative will maintain trails, monitor cultural and historic sites, observe changes in the land, and support respectful land use. Guardians will have a visible presence, doing community outreach, participating in land-based events, and helping to inform Council’s decisions about land use, stewardship, and protection.

    Project title: Pimachiowin Aki First Nations Guardians Network
    Recipient: Pimachiowin Aki Corporation
    Funding amount: $499,615
    Project description: This two-year initiative will focus on seasonal fishing monitoring of Pickerel (Walleye), all-season road alignment, wildfire management, and climate change adaptation and mitigation. Guardians provide professional capacity and presence in Pimachiowin Aki, expressing Anishinaabe nationhood, as well as filling gaps in the Information Management System and provincial patrols and monitoring activities throughout the year.

    Project title: SCO First Nations Guardians Regional Network
    Recipient: Southern Chiefs’ Organization Inc.
    Funding amount: $500,000
    Project description: This two-year initiative will focus on strengthening Indigenous jurisdiction over their traditional lands, capacity-building, training and skills development in environmental monitoring and management, and encouraging cooperation and collaboration between communities on stewardship and natural resource management issues.

    Project title: SLFN Land-Water-Nature Indigenous Guardianship Stewardship Initiative
    Recipient: Swan Lake First Nation
    Funding amount: $349,285
    Project description: This two-year initiative, together with Agriculture and Agri-Food Canada, will continue to evaluate the revegetation terraces and re-seed as necessary, monitor water quality from the tile drainage structure, and monitor wildlife and pollinator populations. The data collected will assist in understanding the success rate of this project in reducing nutrient pollution and enhancing ecosystems.

    New Brunswick

    Project title: Amlamgog Earth Keepers
    Recipient: Fort Folly First Nation
    Funding amount: $321,411
    Project description: This two-year initiative will expand and enhance an existing salmon recovery initiative. This initiative will focus on flora and fauna monitoring, following the traditional guiding principle of Etuaptmumk (two-eyed seeing).

    Project title: Wotstak First Nation Guardians Initiative – Tier 1
    Recipient: Woodstock First Nation
    Funding amount: $50,000
    Project description: This one-year initiative will collect data and conduct ecosystem monitoring guided by Woodstock’s Aboriginal Traditional Knowledge for conservation, with the goal of developing a land use plan.

    Project title: Elugweieg Toqwe’gig ugjit Ugs’tqamu aq ugjit Sapo’nug (We Work Together for Earth and for Tomorrow)
    Recipient: Esgenoôpetitj Watershed Association
    Funding amount: $349,923
    Project description: This two-year initiative will expand Esgenoôpetitj aquatic monitoring and governance, led by Esgenoôpetitj First Nation (EFN) Fishery Guardians in collaboration with Fisheries and Oceans Canada enforcement personnel in the management, conservation, and protection of the fisheries in the areas most utilized by the community.

    Newfoundland and Labrador

    Project title: Innu Nation Guardian Program
    Recipient: Innu Nation – Environment and Parks Offices
    Funding amount: $700,000
    Project description: This two-year initiative will integrate the Sheshatshiu and Mushuau Innu (Natuashish) communities through environmental stewardship and cultural preservation. The initiative will focus on five objectives: creating additional Guardian positions, providing technical and safety training, hosting youth workshops for knowledge transfer, purchasing necessary equipment, and developing cultural initiatives to uphold and promote Innu traditions and ecological knowledge.

    Nova Scotia

    Project title: Re-Connecting Our People with the Land
    Recipient: Eskasoni Fish & Wildlife Commission Inc.
    Funding amount: $375,000
    Project description: This two-year initiative will help protect the Eskasoni Watershed and the bio-cultural diversity within the Nation for future generations, as well as reconnecting the people with the land by supporting community-led research and conducting surveys to monitor the changes in the fisheries and ecosystems. The Guardians will be responsible for monitoring activities within the watershed that could impact fish habitat, fish passage, and other species at risk or culturally significant species. This initiative will also support designation of an Indigenous Protected and Conserved Area.

    Project title: Nova Scotia Earth Keepers / Nuji kelo’toqatijik Network
    Recipient: Unama’ki Institute of Natural Resources Society
    Funding amount: $500,000
    Project description: This two-year initiative includes gathering and sharing of Indigenous Knowledge, promoting Netukulimk hunting practices, and monitoring and data collection, including identifying areas suitable for cultural activities, harvesting of medical plants, monitoring species at risk, and education and outreach about culturally important species.

    Northwest Territories

    Project title: Ni hat’ni Dene (Watchers of the Land)
    Recipient: Lutsel K’e Dene First Nation
    Funding amount: $349,600
    Project description: This two-year initiative maintains a long-term mandate to promote stewardship of Thaidene Nene, working full-time as caretakers of the land, water, and animals, ambassadors of the Dene way of life, and hosting visitors. Initiatives include protecting the Bathurst Caribou, passing on cultural knowledge to youth, and ensuring food security.

    Project title: DKFN Guardians
    Recipient: Deninu Kue First Nation
    Funding amount: $333,055
    Project description: This two-year initiative will monitor the lands and water. Guardians will patrol the land to ensure it is kept clean and will conduct water-quality sampling and clean fish monitoring.

    Project title: LKFN Guardians and Climate Change Monitoring Project
    Recipient: Łı́ı́dlı̨́ı̨́ Kų́ę́ First Nation
    Funding amount: $349,961
    Project description: This two-year initiative aims to monitor the environmental impacts of climate change in the Dehcho Region of Northwest Territories. The initiative will include monitoring of various indicators, such as permafrost melt, riverbank slumping/erosion, and shifting species populations. Guardians will be equipped with specialized training to monitor erosion, permafrost conditions, observe melt patterns, and assess the depth of thaw. This crucial data collection is important to assess the changing landscape.

    Project title: Sahtu K’aowe Guardians Project in Support of the Tsá Tué Biosphere Reserve
    Recipient: Délįnę Got’įnę Government
    Funding amount: $350,000
    Project description: This two-year initiative supports monitoring of the Great Bear Lake and its watershed using two-eyed seeing methods (bridging western science and Indigenous Knowledge) for the conservation of biodiversity, ecological integrity, climate change adaptation, sustenance of local wildlife, and food security, as well as for cultural continuity and revitalization.

    Ontario

    Project title: Environmental Stewardship on Air Quality Issues for Aamjiwnaang First Nation
    Recipient: Aamjiwnaang First Nation
    Funding amount: $48,732
    Project description: This one-year initiative will monitor the air, water, and land surrounding Aamjiwnaang First Nation (AFN) that has been impacted by industry development. Guardians will identify environmental monitoring gaps (for example, soil, water, air, fish, plants, and species at risk), develop plans for data collection, improve emergency notification, as well as community responses to petroleum refineries, chemical plants, and other industrial facilities in proximity to AFN.

    Project title: Temagami First Nation Guardians
    Recipient: Temagami First Nation
    Funding amount: $451,000
    Project description: This two-year initiative prioritizes water quality, species, and habitat protection; preservation of Indigenous wisdom; and data collection and monitoring. Guardians will be engaged in monitoring, recording, and reporting activities related to land use and environmental protection. Specific attention will be given to Lake Temagami, including monitoring ice huts, houseboats, shores, and more.

    Project title: Atikameksheng Anishnawbek – Phase 2 – Monitoring of Atikameksheng Traditional Land
    Recipient: Atikameksheng Anishnawbek
    Funding amount: $347,263
    Project description: This two-year initiative will help with the collection of maple sap during Sugar Moon and other food harvestings, which is provided to Elders and the Nations’ food bank. Guardians will monitor the lands, conduct field site inspections for proposed forestry cuts to ensure grandmother trees are protected, and complete daily field work sheets and site inspections that will provide important environmental information on spills, violations, and forestry cuts.

    Project title: Anishinabek Traditional Ecological Guardians of Georgian Bay
    Recipient: Magnetawan First Nation
    Funding amount: $500,000
    Project description: This two-year initiative supports land-based learning, knowledge transfer, and technical skills training on species at risk, species monitoring, data collections, and other land-management activities using the two-eyed seeing approach. The initiative will also help to strengthen capacity and sustainable management for other First Nation groups.

    Project title: Charting the Path Ahead – Anishinaabe Aki Shkabewisag (Niiwin Wendaanimok Anishinaabe Guardians Network)
    Recipient: Niiwin Wendaanimok Limited Partnership
    Funding amount: $500,000
    Project description: This two-year initiative will support four Anishinaabe Nations to mitigate and monitor compliance on development in the territory; increase capacity to care for lands, water, plants, and animals; and work collaboratively to identify individual needs and create personalized coaching and mentorship programs. The Anishinaabe Guardians will identify and protect areas of significance by interviewing Elders and knowledge keepers.

    Project title: Ketegaunseebee Aki Guardians
    Recipient: Garden River First Nation
    Funding amount: $301,400
    Project description: This two-year initiative will assist Garden River First Nation in monitoring and protecting the St. Marys River and the lands to uphold a treaty made with neighbouring Indigenous Nations. The initiative will focus on capacity-building, community engagement, and fieldwork including patrolling, monitoring species at risk and invasive species, and forestry.

    Project title: Four Rivers Regional Guardians Network
    Recipient: Matawa First Nations Management
    Funding amount: $389,771
    Project description: This two-year initiative focuses on environmental stewardship and capacity-building in nine Matawa First Nations. The Four Rivers Regional Guardian Network will engage in virtual and in-person networking to expand its knowledge and capacity, including cultural exchanges within the network.

    Project title: Biinjitawaabik Zaaging Anishnaabek Community Guardians
    Recipient: Biinjitiwaabik Zaaging Anishnaabek Rocky Bay First Nation
    Funding amount: $350,000
    Project description: This two-year initiative will implement sturgeon and mining site protocols, conduct environmental monitoring analysis, map the Lake Nipigon basin, and integrate the data into a geographic information system database.

    Project title: The Height of Land Wakohtowin Guardian Program – Treaty No.9
    Recipient: Wahkohtowin Development General Partnership Inc.
    Funding amount: $499,300
    Project description: This two-year initiative is designed to enhance traditional knowledge, practices, and way of life within the communities. Guardians will have first-hand experience in how ecosystem services and the conservation economy work.

    Project title: The Neya Waban Guardian Program – Caretakers of the Land
    Recipient: Algonquins of Pikwakanagan First Nation
    Funding amount: $349,650
    Project description: This two-year initiative will gather crucial information that will support decision-making, identify quality habitat areas for wildlife, and develop management plans and protocols. The Algonquins of Pikwakanagan First Nation will continue to conduct Algonquin knowledge-based data collection to further protect the lands, water, animals, and air for the eleven communities across Ontario and Quebec.

    Project title: Mnisinoog (Warriors for the Bay): Shawanaga First Nation’s Guardians Program
    Recipient: Shawanaga First Nation
    Funding amount: $350,000
    Project description: This two-year initiative focuses on improving aquatic life by using river monitors to sustain and protect the health of the river ecosystem. Aquatic stewardship takes precedence with creel surveys, wide-scale monitoring of waterbodies, and a detailed study on fish consumption.

    Project title: Caldwell First Nation Land Guardian Program
    Recipient: Caldwell First Nation
    Funding amount: $345,840
    Project description: This two-year initiative will focus on education, training, on-the-land learning with technical experts and knowledge holders, and listening sessions with the community. The Guardians will review class environmental assessments on behalf of Caldwell First Nation, monitor and participate in environmental projects in the Territory, and build multi-year capacity initiatives with emphasis on supporting the creation, development, and management of Indigenous Protected and Conserved Areas within traditional territory.

    Prince Edward Island

    Project title: Lennox Island First Nation Guardians Program
    Recipient: Lennox Island First Nation
    Funding amount: $346,800
    Project description: This two-year initiative will help better manage, protect, and utilize the marine resources the community relies on. It will allow the Lennox Island watershed conservation group to participate in coastal erosion studies, take part in fisheries workshops (lobster-handling practices), a Black Ash reforestation project, and the development of a modernized solid-waste management plan.

    Project title: Abegweit Guardians
    Recipient: Abegweit First Nation
    Funding amount: $350,000
    Project description: This two-year initiative embodies a cultural and traditional approach to natural resource management. The initiative also includes data collection and monitoring, and focusing on the use of lands, waters, and resources on traditional territories, including cultural sites.

    Quebec

    Project title: Gardiens du Ndakina
    Recipient: W8banaki
    Funding amount: $500,000
    Project description: This two-year initiative will support the sustainability of traditional practices of members of the Nation, protect their rights to access ancestral territory, and preserve cultural heritage. This initiative will create conservation spaces, share and transfer Indigenous Knowledge, mentor youth, engage with the community, and promote food sovereignty, as well as many other activities.

    Project title: Pushing Forth: Taking the Pessamit Land Guardians to the Next Level
    Recipient: Conseil des Innus de Pessamit
    Funding amount: $349,550
    Project description: This two-year initiative includes a team of six territorial agents, specializing in data collection, surveillance of the lands, and comprehensive inventories of biodiversity and ecosystem processes. The initiative will focus on monitoring and assessments, conducting an inventory of cultural sites, developing expertise in sampling, and community engagement and visibility.

    Project title: Gardiens de territoire Abitibiwinnik
    Recipient: Première Nation Abitibiwinni
    Funding amount: $195,931
    Project description: This two-year initiative will continue to train community members to conduct land surveillance and acquire new skills and knowledge from field work, utilizing both Indigenous Knowledge and western science. The initiative aims to document information acquired from Guardians’ activities, community members, and Elders.

    Project title: Cumulative Effects Assessment of Chisasibi’s Intertidal Zones: Integrating Science, Tradition, and Stewardship
    Recipient: Cree Nation of Chisasibi
    Funding amount: $348,468
    Project description: This two-year initiative will focus on integrating western science, Indigenous Knowledge, and stewardship to address key challenges in the Chisasibi community. The initiative will study the impact of development by reviewing existing research, mapping the community, analyzing vegetation, and collecting environmental samples. Additionally, it will build capacity through workshops and a mentorship initiative involving Kinwhapmaakins (Trapline Managers/Guardians). All data will be collected and combined into a detailed report on cumulative effects.

    Project title: Gardiens Atikamekw de Manawan
    Recipient: Conseil des Atikamekw de Manawan
    Funding amount: $350,000
    Project description: This two-year initiative will enhance the role of the Guardians in working with non-Indigenous land users and partners within the heart of the Nation and the community. This next phase focuses on being active on the land, collecting data, establishing an official community-recognized mandate, and increasing capacity and training, as well as strengthening the role of the Guardians within the community.

    Project title: Kitigan Zibi Anishinabeg Nagadjitòdjig Guardian Initiative
    Recipient: Kitigan Zibi Anishinabeg First Nation
    Funding amount: $594,020
    Project description: This two-year initiative will monitor and inventory cultural keystone species, wild foods, and trees. The Guardians will provide water quality studies, identify culturally significant sites, and record videos to document traditional practices and activities.

    Project title: Protection et participation à la mise en valeur de l’héritage Pekuakamiulnuatsh sur Nitassinan
    Recipient: Pekuakamiulnuatsh Takuhikan
    Funding amount: $49,995
    Project description: This one-year initiative aims to ensure the protection and preservation of the territory while maintaining the well-being of the Nation’s community members as they conduct their Nation’s traditional activities. The Guardians play a crucial role in supporting the Nation’s community, in land surveillance, and accompanying community members onto the Nation’s land.

    Project title: Essipiu Assinu Nakatuenitamu (celui qui prend soin du territoire d’Essipit)
    Recipient: Conseil de la Première Nation des Innus Essipit
    Funding amount: $246,308
    Project description: This two-year initiative supports responsible governance and occupation of the Nation’s territory, land surveillance, and participation in community events, as well as collaboration on a variety of projects that encourage learning and skill development for Guardians and community members.

    Project title: Nutshimiunnuat d’ITUM (gardiens du Nitassinan d’ITUM)
    Recipient: Innu Takuaikan Uashat mak Mani-Utenam
    Funding amount: $350,000
    Project description: This two-year initiative consists of monitoring, protecting, and carrying out stewardship activities in the traditional territory of the Nation. Its objective is to ensure surveillance on the land and protection of the Nation, as well as contribute to studies and inventories on the impacts of climate change and industrial development within the territory.

    Project title: Iakwatonhontsanónhnha (We All Mind Her, the Earth)
    Recipient: Mohawk Council of Kahnawà:ke
    Funding amount: $256,416
    Project description: This two-year initiative will develop an Environmental Charter for the community, helping to define roles and responsibilities of Conservation Officers. It will also consult on a Rights of Nature approach to protect the St. Lawrence River.

    Saskatchewan

    Project title: File Hills Qu’Appelle Guardian Initiative
    Recipient: File Hills Qu’Appelle Tribal Council
    Funding amount: $354,180
    Project description: This two-year initiative will monitor and document the health of waterways, including water quality, medicines, and the condition of riverbanks, focusing specifically on the Lower Qu’Appelle River and Chain of Lakes. It will also work to revitalize language and land stewardship practices.

    Project title: Monitoring and Protection of Athabasca Denesųłiné Nuhenéné in Saskatchewan
    Recipient: Ya’thi Néné Land and Resource Office
    Funding amount: $498,916
    Project description: This two-year initiative will monitor lands and waters in Nuhenéné including Indigenous Protected Areas, caribou harvest areas, mineral exploration, and extraction activities. Guided by Elders, a focus of the Ya’thi Néné Lands and Resources’ Guardians is to connect youth back to the land and build future leaders in sustainable management practices.

    Project title: The Birch Narrows Dene Nation Nuh Nene Strategic Plan
    Recipient: Birch Narrows Dene Nation
    Funding amount: $49,917
    Project description: This one-year initiative will monitor the land, combining ancestral wisdom with modern ecological approaches. Strategic partnerships with neighbouring First Nations and partners, such as Tamarack Environmental Associates, NexGen Energy Ltd., and Fission Uranium Corp. will amplify the impact of conservation efforts. Through training, mentorship, and community engagement, the initiative will help the Nuh Nene Department in its goal of safeguarding cultural identity and the natural environment.

    Project title: Pheasant Rump Nakota First Nation Community-Based Guardians Initiative
    Recipient: Pheasant Rump Nakota First Nation
    Funding amount: $350,000
    Project description: This two-year initiative aims to enhance capacity-building by training and employing youth to collect and analyze data about climate change and industrial impacts in the territory. Data will be used to draft a Land Use Management Plan to inform the Chief and Council’s decision-making on stewardship initiatives and habitat management to ensure sustainable sources of traditional food for the community.

    Project title: Muskowekwan First Nation Community-Based Guardians Initiative
    Recipient: Muskowekwan First Nation
    Funding amount: $350,000
    Project description: This two-year initiative aims to enhance capacity-building for community members to monitor and understand the impacts of climate change. This will provide youth with an opportunity to be trained in Indigenous Knowledge, western science, and climate and environmental monitoring practices, including Geographic Information Systems (GIS) and remote sensing, participatory mapping, and knowledge gathering.

    Yukon

    Project title: Teechik Land Guardians: Nanh gwiinzii vik’ite’tri’giikhii (We Read the Land Well)
    Recipient: Vuntut Gwitchin First Nation
    Funding amount: $349,333
    Project description: This two-year initiative will operate a network of camera traps to monitor predator–prey interactions on the Old Crow winter road and conduct baseline fish and water sampling at the headwaters of the Porcupine River. The Guardian Coordinator will be tasked with organizing patrols, analyzing monitoring data, and preparing communication material for community members and leaders. This capacity-building will strengthen monitoring efforts by enabling the initiative to process more samples, improve use of camera data, and allow Guardians to establish an annual trapping camp to expand into furbearer monitoring.

    MIL OSI Canada News

  • MIL-OSI: Qifu Technology Responds to Short Seller Report

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, Sept. 27, 2024 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today issues the following preliminary responses to the key claims made in a report (the “Report”) by Grizzly Research, a short seller, on September 26, 2024.

    The Company believes that the Report is without merit and contains inaccurate information, flawed analyses, misleading conclusions and interpretations regarding information relating to the Company. Specifically:

    The SAMR (SAIC) Financial Data Used in the Report is Completely Wrong.

    The Report makes material mistakes in referring to incorrect financial data (i.e. the combined revenues and net profits) from the filings with the State Administration for Market Regulation (“SAMR”), formerly known as the State Administration for Industry and Commerce (“SAIC”) submitted by the operating entities of the Company. In fact, as the Company’s SAMR filing records demonstrate, the Company’ s major operating entities in China collectively reported total revenues of RMB 17.0 billion in 2022 and RMB 16.0 billion in 2023, with corresponding net profits of RMB 5.2 billion and RMB 4.7 billion, respectively. These revenues and net profits were recorded under PRC GAAP.

    According to the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), for the years 2022 and 2023, under U.S. GAAP and on a consolidated basis, the Company recorded total revenues of RMB16.6 billion and RMB16.3 billion, respectively, and net profits of RMB4.0 billion and RMB4.3 billion, respectively. The differences in total revenues and net profits between the filings with the SAMR and those with the SEC are primarily attributable to differences in accounting treatments under PRC GAAP and U.S. GAAP, as well as the fact that the Company’s major operating entities in China reflected in the SAMR filings do not represent all of the Company’s subsidiaries and consolidated affiliated entities in China.

    The Company has consistently generated robust operating cash flow in recent years and delivered significant returns to shareholders through dividends and stock repurchases. As of the date of this press release, in 2024, the Company has spent more than US$300 million to repurchase its America Depositary Shares (ADSs) on the open market and distributed approximately US$180 million cash dividends to shareholders. The Company’s strong commitment to, and proven track record of, shareholder returns further underscore the baseless nature of the claims made in the Report.

    Rebuttal of Unsubstantiated Media Reports about the Company’s Regional Headquarters

    The Report cites certain media reports about the Company’s regional headquarters in Shanghai that are false and unsubstantiated. In fact, as disclosed in the Company’s filings with the SEC, in October 2020, the Company established a joint venture in Shanghai, together with one of 360 Group entities and an independent third party, to build its regional headquarters and an affiliated industrial park to support the future operations of the Company and 360 Group. The Company and the 360 Group entity held 40% and 30% of the equity interest in the joint venture, respectively. In December 2021, considering the Company’s significant business expansion in Shanghai, the Company acquired the entire 30% equity interest held by the 360 Group entity in the joint venture. Consequently, these facilities will enable the Company to consolidate all its Shanghai-based departments and employees, who are currently dispersed across different locations, into a single office space. The Company believes this will further reduce administrative costs and improve operational efficiency.

    Both the co-investment with the 360 Group in October 2020 and the acquisition of the equity interest in the joint venture from the 360 Group in December 2021 were negotiated and conducted at arm’s length and were approved by the board of directors and the audit committee of the Company.

    The Report also makes a false claim that the Company has acquired another piece of land in the Huangpu District of Shanghai. In fact, the Company did not acquire any land in the Huangpu District of Shanghai.

    Rebuttal of Unsubstantiated Financial Manipulation Claim and Relationship between Shanghai Qibutianxia and the Company

    The claim made in the Report that the Company uses Shanghai Qibutianxia Information Technology Co., Ltd.  (“Shanghai Qibutianxia,” formerly known as Beijing Qibutianxia Technology Co., Ltd.) to manipulate its financial statements is false and unsubstantiated.

    In fact, Shanghai Qibutianxia was the holding company for the Company’s operating entities in China prior to the Company’s reorganization in 2018 for financing and offshore listing on Nasdaq. In July 2016, as a spin-off from 360 Group, Shanghai Qibutianxia incorporated Shanghai Qiyu Information & Technology Co., Ltd. (“Shanghai Qiyu”), and thereafter, the Company started operating independently under Shanghai Qiyu.

    In April 2018, to facilitate the Company’s financing and offshore listing on Nasdaq, a holding company under the Company’s former name, 360 Finance, Inc. was incorporated in the Cayman Islands. As part of the reorganization, the Cayman holding company incorporated an indirectly wholly-owned subsidiary in China, namely Shanghai Qiyue Information & Technology Co., Ltd. (“Shanghai Qiyue”). Shanghai Qiyue entered into a series of “VIE” contractual arrangements with the Company’s three major operating entities in China and their shareholder Shanghai Qibutianxia. As a result, these major operating entities in China became the Company’s VIEs, and Shanghai Qibutianxia remained the nominal shareholder of these VIEs. The contractual arrangements enable the Company to exercise effective control over the Company’s VIEs; receive substantially all of the economic benefits and powers to exercise voting rights of the Company’s VIEs from Shanghai Qibutianxia, and have an exclusive option to purchase all or part of the equity interests in and assets of them when and to the extent permitted by PRC law.

    In addition, the Report erroneously claims that the Company utilized the back-to-back guarantee arrangement with Shanghai Qibutianxia to manipulate its financial statements. In fact, prior to 2023, certain financial institutions required the nominal shareholder of our operating entities (i.e., Shanghai Qibutianxia) to supplementally provide back-to-back guarantees for certain loans facilitated and guaranteed by the Company’s operating entities. Specifically, Shanghai Qibutianxia committed to cover any shortfall if the Company’s operating entities fail to meet its guaranteed repayment obligations to the banks on time. This back-to-back guarantee arrangement did not increase the Company’s risk exposures, nor did it transfer any interest to Shanghai Qibutianxia. As of the date of this press release, there is no outstanding balance under this arrangement.

    The Report erroneously states that Mr. Hongyi Zhou is the controlling shareholder of the Company. In fact, The Company does not have a controlling shareholder. According to the Company’s annual report on Form 20-F filed with the SEC on April 26, 2024, Mr. Hongyi Zhou beneficially owned approximately 13.8% of total ordinary shares of the Company as of February 29, 2024. Mr. Hongyi Zhou was the chairman of the board directors of the Company, but has not been involved day-to-day operations of the company. As announced by the Company on August 13, 2024, Mr. Hongyi Zhou has resigned as a director and the chairman of the board of directors of the Company.

    Rebuttal of Unsubstantiated Claim about Delinquency Rates and Provisions

    The claim made in the Report in relation to the Company’s delinquency rates and provision booking exhibits a fundamental misunderstanding of the Company’s financial practices and the relevant accounting standards. Specifically:

    • The Report inaccurately calculated the Company’s provision ratios by using the total reported provisions to calculate the provision ratio for each period.
    • The Report erroneously included provisions for contingent liabilities in the analysis of receivables provisioning.
    • The Report’s focus on a backward-looking 90 day+ delinquency rate is misplaced.
    • The Report’s claim that the Company’s reported profits are fabricated to account for the missing cash is completely false and unsubstantiated.

    Provision Ratios

    The Report inaccurately calculated the Company’s provision ratios by using the total reported provisions to calculate the provision ratio for each period, which is fundamentally incorrect. According to the accounting standards under U.S. GAAP, each reported provision item reflects the net result of new provisions booked for current period loans and the revision of provisions for existing loans. The Company maintains clear and distinct categories for provisions related to the Company’s loan products: (i) provision for loan receivable, relating solely to the Company’s on-balance sheet loans; (ii) provision for financial assets receivable, relating to the guarantee service fees; (iii) provision for accounts receivable and contract assets, relating to, relating to the loan facilitation service fees;; and (iv) provision for contingent liabilities, relating to the off-balance sheet loans for which the Company provides guarantee services.

    The following chart delineates the components of the Company’s reported provisions for 2022, 2023, and the first half of 2023 and 2024, demonstrating compliance with accounting standards:

    (RMB in millions) 2022   2023   First Half
    of 2023
      First Half
    of 2024
     
    New Provisions for Current Period New Loans 7,355   7,647   3,573   2,694  
    Revision of Previous Provisions (write-back) (771 ) (1,880 ) (936 ) (489 )
    Net Provisions 6,584   5,767   2,636   2,205  
    Provision for Loans Receivable 1,580   2,151   1,002   1,697  
    Provision for Financial Assets Receivable 398   386   151   169  
    Provision for Accounts Receivable and Contract Assets 238   176   45   235  
    Provision for Contingent Liabilities 4,368   3,054   1,438   103  
    New Provisions Booking Ratio                
    Provision Ratio for Loan Receivable1 2.9 % 2.9 % 2.8 % 3.4 %
    Provision Ratio for Contingent Liabilities2 4.1 % 4.0 % 3.7 % 4.1 %
                     

    __________________
    Notes:
    1. “Provision Ratio for Loan Receivable” refers to the total amount of new provisions for loan receivable for a specific period divided by the loan facilitation volume of on-balance sheet loans for that period.
    2. “Provision Ratio for Contingent Liabilities” refers to the total amount of new provisions for contingent liabilities for a specific period divided by capital-heavy loan facilitation volume for that period.

    Provisions for Contingent Liabilities

    In addition, the Report erroneously included provisions for contingent liabilities in the analysis of receivables provisioning. In fact, provisions for contingent liabilities pertain only to off-balance sheet loans that the Company guarantees. These provisions are entirely separate from receivables on the balance sheet and should not be conflated. In fact, the Company has consistently applied a prudent approach to managing business risks and financial provisions. The historical data listed above also showcases the Company’s commitment to maintaining appropriate provision ratios against the Company’s risk-bearing loans.

    Delinquency Rate

    The Report’s focus on a backward-looking 90 day+ delinquency rate1 is misplaced. The Company prioritizes leading risk indicators that provide a proactive view of credit risk, such as: (i) Day-1 delinquency rate2, which measures delinquency based on the day before the reporting period, offering a real-time risk assessment; and (ii) 30 day collection rate3, which tracks the efficiency of collections within a short timeframe, enabling timely interventions. These forward-looking metrics provide a more accurate and actionable assessment of credit risk compared to traditional delinquency rates. In fact, the Company’s D-1 delinquency rate and 30 day collection rate in the past two quarters both indicate the improving quality of the Company’s loan portfolios.

    Decreases in Cash

    The Report’s claim that the Company’s reported profits are fabricated to account for the missing cash is completely false and unsubstantiated. The Company’s cash and cash equivalent decreased from RMB10.5 billion as of December 31, 2022 to RMB 8.4 billion as of June 30, 2024 primarily because the growth in the Company’s on-balance sheet loans, cash dividends distributed to shareholders, and stock repurchase program. Specifically, the Company’s on-balance sheet loan balances increased from RMB19.5 billion as of December 31, 2022 to RMB32.1 billion as of June 30, 2024. In addition, from December 31, 2022 to June 30, 2024, the Company has distributed approximately RMB3.6 billion to shareholders through dividends and share buybacks, resulting in a reduction in cash and cash equivalent.

    Non-Risk-Bearing Loans are Irrelevant to Leverage Ratio

    The claim made in the Report that the Company’s is secretly overleveraged lacks factual basis and misunderstands the Company’s financial structure and risk management strategies. Specifically, the Report erroneously uses the total outstanding loan balances facilitated by the Company for calculating its leverage ratio. By definition, the leverage ratio is relevant only to risk-bearing assets, which include both on-balance sheet loans and capital-heavy loan facilitation. As disclosed in the Company’s filings with the SEC, the outstanding balances of the Company’s risk-bearing loans accounted for only 34.2% of the total outstanding loan balances facilitated by the Company as of June 30, 2024. As of the same date, the Company’s leverage ratio was 2.4, reaching a historical low. The company employs robust risk management frameworks to monitor and control leverage, ensuring sustainability and financial stability.

    Rebuttal of Unsubstantiated Claim About Loan Annual Interest Rates

    The claim made in the Report that the Company issues loans at rates that exceed legal limits is categorically false and misleading. For example, the Report falsely claimed that regulatory guidance in China stipulates that the interest rate for the Company’s businesses should not exceed four times the one-year Loan Prime Rate at the time of the establishment of an agreement (the “Quadruple LPR Limit”). In fact, the Chinese Supreme People’s Court issued a guidance in December 2020, stipulating that the Quadruple LPR Limit does not apply to disputes arising from engagement in relevant financial businesses of certain financial institutions, including micro-lending companies and financing guarantee companies, such as the Company’s operating entities. The Company operates in strict compliance with all regulatory requirements that governs loan annual interest rate limits.

    The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations. To protect the interests of the Company and its shareholders, the Company will vigorously defend itself against false and baseless claims made by short seller reports.

    The Company’s board of directors (the “Board”), including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. The Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the U.S. Securities and Exchange Commission, The Nasdaq Stock Market, and The Stock Exchange of Hong Kong Limited.

    About Qifu Technology

    Qifu Technology is a leading Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: https://ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology

    E-mail: ir@360shuke.com

    _____________________________________
    1 “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform as of a specific date. Loans that are charged-off and loans under “ICE” and other technology solutions are not included in the delinquency rate calculation.
    2Day-1 delinquency rate” is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such specified date.
    3 “30 day collection rate” is defined as (i) the amount of principal that was repaid in one month among the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that became overdue as of such specified date.

    The MIL Network

  • MIL-OSI: Falcon Oil & Gas Ltd. – Notice of Special Meeting of Shareholders and Management Information Circular

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd.
    (“Falcon”)

    Notice of Special Meeting of Shareholders and Management Information Circular

    27 September 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold a special meeting of shareholders at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 29 October 2024 at 11:00 a.m. (Dublin time). A complete notice and related documents are now available on SEDAR+ at www.sedarplus.ca and Falcon’s website at www.falconoilandgas.com and are being sent to shareholders of record as at 19 September 2024.

    Falcon will conduct a Q&A via the Investor Meet Company platform later that day for those unable to attend the meeting in person, details will be announced in due course.

    Ends.

    For further information, please contact:

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Joint Broker)
    Neil McDonald / Adam Rae +44 131 220 9771
       
    Tennyson Securities (Joint Broker)  
    Peter Krens +44 20 7186 9033

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd. is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd. is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

  • MIL-OSI Banking: BaFin warns consumers about websites westhill-pros.net and kaiser-investrade.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The operator of the website westhill-pros.net refers to itself only as “Westhill Pros” without stating the company’s legal form and provides business addresses in Sydney, Australia, in Stockholm, Sweden, and in London, United Kingdom. Responsibility for the website kaiser-investrade.com is claimed by Kaiser Invest Trade, which likewise does not state the company’s legal form. The company claims to be domiciled in London, United Kingdom, without providing a specific business address.

    BaFin has recently become aware of a number of websites with almost identical content and has warned consumers about them. On all of the websites, the following sentence is displayed at the top of the homepage: “Step Into the Trading Arena with Confidence & [name of website]“.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Global: Why some flowers are so pleasing for Hindu gods and goddesses

    Source: The Conversation – USA – By Robert J. Stephens, Principal Lecturer in Religion, Clemson University

    Hindu devotees offer flowers to gods and goddesses as part of worship rituals. Dinodia Photo/Corbis Documentary via Getty images

    In preparation for the many Hindu fall festivals such as Diwali, Dussehra or Durga Puja, worshipers all over the world will purchase flowers for use in ritual worship in temples, outdoor ceremonies or altars at home.

    Throughout India, markets are always bustling with flower vendors, selling freshly cut marigolds, roses and lotus flowers. Devotees offer flowers and flower garlands to Hindu deities such as Lakshmi, the goddess of wealth; Ganesha, the remover of obstacles; or the warrior goddess Durga.

    India’s wealthiest temple, Sri Venkateswara Temple at Tirumala, in southern India, used 3 tons of flowers during a floral bath and procession ceremony in 2024. The demand for flowers in worship is so high that two sisters from Bengaluru, Yeshodha and Rhea Karuturi, started a subscription-based service in 2019 to provide fresh flowers for puja or ritual worship throughout India.

    Flower decorations at the Sri Venkateswara Temple.

    Hindu texts describe worship with flowers as one of 16 “upacaras” or “services” to the divine. In temple rituals, “pujaris,” priests responsible for conveying the offerings to the deity, place flowers at the feet or drape them in garlands around the neck of the icon of the deity enshrined in the temple. Flowers are placed on a puja table at the feet of the image with the stems facing the devotee.

    As a scholar of South Asian religions, I know that stories found in the “Puranas,” religious texts likely composed between the second and 10th centuries, describe why gods and goddesses favor certain flowers. The Puranas, loosely translated as “Old Tales,” include popular stories about Hindu gods and goddesses, kings and queens, and sages and other cultural heroes.

    Pleasing the gods

    In her study of the use of Sanskrit ritual manuals in central India, the Indologist Gudrun Buhnemann noted that devotees, ancient and modern, observe elaborate rules for the use of flowers in the worship of particular deities.

    For example, the manuals say that basil is favored by the Hindu god Vishnu but should never be offered to the god Ganesha. Lord Shiva grants blessings to those who worship him through offering leaves from the wood apple tree. Wood apple leaves, however, should never be offered to Surya, the Sun.

    The “Skandha Purana” – the longest Purana with about 81,000 verses – is dedicated to the deity Skandha, a son of god Shiva and goddess Parvati. The text provides a gradation of flowers that culminates in the superiority of the jasmine or “jati” flower for the worship of Vishnu. “The jati flower is better than all other flowers … the man who duly offers me a splendid garland with a thousand jati flowers … lives in my heavenly city for billions of kalpas (ages),” Vishnu explains in the text.

    In her classic study “Offering Flowers, Feeding Skulls: Popular Goddess Worship in West Bengal,” religion scholar June McDaniel discusses traditional practices for the worship of Kali, the fearsome and protective mother goddess, who is to be decorated in red hibiscus flowers. Red flowers, in general, are believed to be sacred to Kali.

    The 14th chapter of the “Shiva Purana” contains a section on “Directions for the Worship of Shiva.” Those who desire wealth should worship Shiva with flowers or petals from the “kamala” or lotus flower, chrysanthemum, or marigold. Worshiping Shiva with 100 flowers is said to enhance one’s wealth and wipe away all sins.

    Flowers can at times displease the gods

    The Puranas also explain which flowers might displease the gods. Red flowers, such as plumeria, and those from the screw pine tree are not to be offered to the god Shiva. The Shiva Purana, in fact, explains why the “ketaki,” or screw pine flower, should never be offered to Shiva in worship.

    Once upon a time, as the story goes, gods Vishnu and Brahma were debating which of them was the superior deity when suddenly a shaft of blazing light appeared between them. They decided to investigate. Transforming himself into a boar, Vishnu tunneled down into the earth to search for the origin of the lingam of light. Riding on a goose, his divine vehicle, Brahma flew upward in an attempt to discover the extent of the light.

    After much digging, Vishnu indicated that he was unable to discover the light’s place of origin. While flying upward, however, Brahma encountered a ketaki flower that had fallen from a branch nearby. Brahma convinced the flower to support a false claim suggesting that he had reached the top of the shaft of light.

    Just at that moment, Shiva appeared from the light and cursed both Brahma and the ketaki flower for their dishonesty. Due to his arrogance and deception, Brahma would henceforth have few devotees. For its part, despite being aromatic and pleasing to the eye, the ketaki flower is cursed by Shiva never to be offered to him in ritual worship.

    However, Shiva later amends the curse to allow for the ketaki to be used for worshiping him during the popular festival called the “Great Night of Shiva” or Mahashivratri. Due to the increase in demand, there is a surge in the price of ketaki flowers during this annual spring festival.

    In one of the most popular Hindu texts, however, the flower offered is less important to the deity than the attitude of the devotee making the offering. In the “Bhagavad Gita” or “Song of the Lord,” the deity Krishna declares that he will accept any sincere devotional offering, regardless of the type of flower: “Whoever offers me a leaf, flower, fruit, or water with sincere devotion, I will accept them.”

    Lotus for Lakshmi

    An icon of Hindu goddess Lakshmi.
    MilenaKatzer/ iStock / Getty Images Plus

    During the coming fall holiday season, devotees around the world will honor many deities, including the mother goddess, with flowers and other rituals. Prominent among the deities will be Sri Lakshmi, the goddess of wealth and good fortune.

    Lakshmi is depicted as seated on a lotus throne, while also holding a lotus in one hand. The lotus flower grows in muddy ponds or pools but blossoms above the water. The lotus in bloom symbolizes many of the qualities associated with Sri Lakshmi, such as purity, prosperity and spiritual enlightenment.

    When devotees around the world lovingly welcome the goddess into their homes on Diwali, the festival of light, they will be sure to offer Lakshmi her favorite flower – the lotus.

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

    ref. Why some flowers are so pleasing for Hindu gods and goddesses – https://theconversation.com/why-some-flowers-are-so-pleasing-for-hindu-gods-and-goddesses-235153

    MIL OSI – Global Reports

  • MIL-OSI Global: Autoworkers, Boeing machinists, cannabis drivers: Labor unions are mobilizing in new and old industries alike

    Source: The Conversation – USA – By Robert Forrant, Professor of U.S. History and Labor Studies, UMass Lowell

    Members and supporters of an International Association of Machinists and Aerospace Workers union district local convene in Seattle on July 17, 2024. Jason Redmond/AFP via Getty Images

    What do violinists, grocery store clerks, college dorm counselors, nurses, teachers, hotel housekeepers, dockworkers, TV writers, autoworkers, Amazon warehouse workers and Boeing workers have in common?

    In the past year or so, they’ve all gone on strike, tried to get co-workers to join a union, or threatened to walk off the job over an array of issues that include retirement plans, technology replacing workers and lagging wages as inflation increased.

    The array of Americans who are organizing unions extends to the tech, digital media and cannabis industries. Even climbing gym employees have formed a union.

    This is happening as U.S. workers in general are finding themselves in an increasingly precarious position. As a labor historian, I believe mobilization is the result of economic disruption caused by the relocation of jobs, the impact of new technologies on work and the erosion of income stability. It’s become very unlikely that today’s workers will have the same employer for decades, as my father and many men and women of his generation did.

    Greatest generation of jobs

    My father, a butcher, worked for the same company for 40 years and raised a family of seven on his union-secured wages and benefits. While back in the 1950s and 1960s many working-class Americans took that kind of job security for granted, it’s no longer the case. Some career coaches consider keeping a job for many years as a character flaw.

    The upsurge in labor organizing is in part a way for workers to gain some sort of say about what happens to their jobs. It’s also helping employees plan for the future.

    Union members are increasingly using strikes to demand higher wages, better benefits and increased job security. Why should it be, some low-income earners are asking, that in my family we must hold down two or three jobs to make ends meet, while CEO pay goes through the stratosphere?

    There were 33 major strikes involving nearly a half-million workers in 2023, the most since 2000. Many labor scholars attribute much of this uptick in organizing to several long-term trends. They include stagnating wages, high out-of-pocket health spending costs – even for those with insurance coverage – and growing concerns over job insecurity caused by the expanded use of labor-saving technology.

    Hundreds of Los Angeles County workers rally on Sept. 24, 2024, to show support for their union, SEIU, to hold a strike. Many held signs regarding alleged unfair labor practices, abbreviated to ULP.
    Genaro Molina/Los Angeles Times via Getty Images

    Precarious work

    In many industries, large numbers of the reliable jobs that paid enough for workers to be in the middle class have dwindled. That’s largely due to technological advances that replaced labor with automation and manufacturers moving to lower-income places, including Mexico, China and other foreign countries, as well as southern states such as Alabama and Tennessee. These trends have left behind a Rust Belt strewn with decaying buildings that once housed bustling factories and increasing numbers of what are sometimes called “precarious” jobs, which are poorly paid and lack sick leave, vacation time and other basic protections.

    This isn’t new.

    I’ve researched how New England’s textile industry fled cities such as Lowell, Massachusetts, as early as the 1920s for nonunion locations in South Carolina, while precision metalworking plants in Springfield, Massachusetts, sent work to Mississippi and South Carolina starting in the 1950s.

    But faced with mounting economic uncertainty, public support for unions is increasing. A 2024 Gallup Poll found that 70% of Americans approve of them – close to the 71% level seen in 2022, which was the highest approval rating that unions had gotten in half a century.

    Support is even rising among Americans who identify as Republicans, a political party that has historically frowned on organized labor: Gallup found it stood at 49% in 2024, down from 56% two years earlier but up from a low point of 26% in 2011.

    Hotel workers strike

    On Labor Day weekend in 2024, more than 10,000 hotel workers represented by the UNITE HERE union and employed by 24 hotels from Boston to the West Coast to Hawaii went on strike. Their labor actions disrupted travel plans during a busy time.

    Most hotel work stoppages lasted for three days and intended to pressure the companies that own hotels as part of a larger labor contract negotiation strategy. Later in September, workers kept walking off the job at other hotels to pressure management to improve pay, expand health insurance coverage, boost retirement benefits and agree to resolve important job security issues.

    Although the hotel industry has been booming since 2023, UNITE HERE contends that employment has decreased by nearly 40%, while wages have stagnated. On the picket line, workers have described living paycheck to paycheck and working one or two additional jobs to cover recent rent hikes.

    Hotel workers have more bargaining power today because, according to an industry study, 79% of the 450 hotels surveyed looking to hire people said they could not fill open jobs.

    That strike shows no sign of ending. Thousands more hotel workers were joining in by late September.

    Striking hotel workers make way for an airline crew while picketing outside of the Hilton Boston Park Plaza in Boston, Mass., on Sept. 2, 2024.
    Sophie Park/The Washington Post via Getty Images

    Boeing strike

    Unlike the hotel workers’ brief rolling work stoppages, the Boeing strike hasn’t let up since it began on Sept. 13, 2024. About 32,000 workers, mainly in Seattle, Washington, and Portland, Oregon, have walked off the job.

    Boeing workers declared the strike even though the International Association of Machinists District 751 leadership in Seattle wanted to accept a deal from Boeing’s management. But on Sept. 12, 94.6% of all rank-and-file workers rejected the tentative contract their leadership recommended the union accept.

    The Boeing strike started the next day; it could last a long time. On Sept. 25, the workers rejected what the company had called its “best and final offer” to settle the strike.

    This is the eighth time these workers have gone on strike since their union formed in the 1930s. Its two most recent strikes, in 2008 and 2005, lasted 57 days and 28 days, respectively. Boeing’s management, already reeling from the company’s numerous operational and safety problems, has announced several cost-cutting measures, including furloughs for some nonunion employees.

    Boeing’s nonunion backup plan

    Boeing has assured its shareholders and the public that the strike would not hinder production of the 787 Dreamliner jets at the company’s nonunion factory in South Carolina.

    International Association of Machinists union members have never forgiven Boeing for deciding to build that assembly plant. Operational since 2011, it now employs roughly 6,000 workers. Most of them would have been union members had Boeing built that plant or expanded production in Washington or Oregon, because the existing labor agreement would have covered the new workers.

    However, the agreement did not extend to South Carolina.

    At the time of the decision, a Boeing spokesperson said, its contract with the machinists’ union “acknowledges our right to locate work elsewhere, and that’s what we chose to do in this case because we just couldn’t get the terms from them that we needed.”

    Dockworkers could be next

    The timing of the hotel and Boeing strikes makes them perhaps more visible than they might have been because union members’ votes are coveted by both major parties in the 2024 presidential election.

    Meanwhile, 25,000 dockworkers who belong to the International Longshoremen’s Association are planning a possible shutdown of ports from Boston to Houston on Oct. 1, over the union’s concern for job loss due to automation.

    How job security issues are addressed following this wave of strikes could set the tone for what other hospitality, manufacturing and transportation unions seek when their contracts are up for negotiation again.

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

    ref. Autoworkers, Boeing machinists, cannabis drivers: Labor unions are mobilizing in new and old industries alike – https://theconversation.com/autoworkers-boeing-machinists-cannabis-drivers-labor-unions-are-mobilizing-in-new-and-old-industries-alike-239371

    MIL OSI – Global Reports

  • MIL-OSI Video: Fighting Together!

    Source: US Army (video statements)

    Check out the 2nd Infantry Division Soldiers at the Korea-International Combat Training Competition! Teams from the Republic of Korea, Cambodia, Australia, Uzbekistan, and the Philippines joined.

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #USARPAC #interoperability

    https://www.youtube.com/watch?v=z7e-ZsOFzls

    MIL OSI Video

  • MIL-OSI Africa: African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power – Burkina Faso Solar Project

    Source: Africa Press Organisation – English (2) – Report:

    African Development Bank Group’s Sustainable Energy Fund for Africa approves €6 Million for Desert to Power – Burkina Faso Solar Project Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030 ABIDJAN, Ivory Coast, September 27, 2024/APO Group/ — The African Development Bank Group (www.AfDB.org) has approved a €6 million concessional financing package from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank, to accelerate the completion of Burkina Faso’s Dédougou photovoltaic solar project in support of the Bank’s Desert-to-Power initiative (https://apo-opa.co/3XKXpwG). The project involves designing, constructing and operating an 18-megawatt solar power plant in Dédougou, located 250 kilometres west of the capital, Ouagadougou. Burkina Faso is one of five priority countries under the Desert-to-Power initiative, which aims to generate 10 gigawatts of solar power across 11 Sahelian countries by 2030, promoting socio-economic development. This project stands as one of the first independent power producers (IPPs) in Burkina Faso and has secured both senior and subordinated loans, along with a 25-year Power Purchase Agreement (PPA) with the Société Nationale d’électricité du Burkina Faso (SONABEL). However, the project encountered challenges in reaching financial close due to cost escalations resulting from the COVID-19 pandemic.  The SEFA Covid-19 IPP Relief Programme (SEFA Programme) played a pivotal role in overcoming these hurdles. Through concessional financing, SEFA helped restructure the financial arrangements to absorb the pandemic-related cost increases, ensuring the project’s viability and preserving the originally agreed structure with the Government of Burkina Faso, thereby contributing to the country’s energy security. Under the SEFA Programme, a €2.5 million senior concessional loan and a €3.5 million reimbursable grant have been provided through its concessional finance facility. SEFA’s involvement has been instrumental in unlocking additional financing from the Dutch entrepreneurial development bank, FMO (www.FMO.nl), including subordinated and senior loans. These funds will be disbursed to Dédougou Solaire SARL, the project company jointly developed by QAIR (www.Qair.Energy), which is responsible for managing the project. As part of the Desert-to-Power initiative, the project is expected to contribute to energy security, diversification of the energy mix, reduced electricity costs, and increased national electrification rates. “The Dédougou Solar PV project increases Burkina Faso’s renewable energy generation capacity in line with the objectives of the Desert-to-Power Initiative. By backing projects like this, we are making tangible strides toward electrifying the Sahel, bolstering energy security, and improving the lives of millions,” said Dr. Daniel SCHROTH, Director of the Renewable Energy and Energy Efficiency Department at the African Development Bank. “Abdoulaye Toure, CFO at Qair Africa, acknowledged SEFA’s support and the project’s advancement: “We are pleased with this approval by SEFA and thank the African Development Bank for their support of the project. This allows us to move forward with our commitment to supporting Burkina Faso’s energy goals by developing a second solar plant, just a year after the successful commissioning of Zano. This achievement aligns with the country’s ambitions for energy supply and reinforces Qair’s vision of becoming a leading player in Africa’s renewable energy sector in the coming years.” Distributed by APO Group on behalf of African Development Bank Group (AfDB). Contact: Communication and External Relations media@afdb.org About SEFA: SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments. The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and Sustainable Development Goal 7. About Qair: Qair is an independent renewable energy company developing, financing, building, and operating solar, onshore and offshore wind, hydroelectric, tidal energy, waste-to-energy, battery storage and green hydrogen production. With 1.1 GW of capacity in operation, the group’s 640 employees are developing a portfolio pipeline of 30 GW in 20 countries across Europe, Latin America and Africa. Our ambition is to become an independent leader in responsible energy. In Africa, Qair’s portfolio of wind, PV and BESS assets includes 65 MW operational projects, 174 MW/262 MWh under construction or financing and a robust pipeline under development of 2GW+. With over 15 years of presence in Africa and teams established in Burkina Faso, Chad, Mauritius, Morocco, Seychelles, and Tunisia, Qair continually expands its geographical footprint across North, Central and West Africa and the Indian Ocean. Qair has already completed another 24MW solar PV project (Zano) in Burkina Faso, which was awarded under a public-private partnership (PPP) with GoBF along with a PPA with the National Electricity Company (SONABEL). About FMO: FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50+ year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors with a high development impact: Agribusiness, Food & Water, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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    MIL OSI Africa

  • MIL-OSI Translation: Indigenous Guardian Projects 2024-2025

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 2

    Today, Jaimee Gaunce, Executive Director of the First Nations National Guardians Network (FNGN), joined the Honourable Steven Guilbeault, Minister of Environment and Climate Change, the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario, and Marcus Powlowski, Member of Parliament for Thunder Bay–Rainy River, to announce an investment of up to $27.6 million to support 80 First Nations Guardians initiatives.

    Alberta

    Project Title: Mikisew Cree First Nation Guardians ProgramRecipient: Mikisew Cree First Nation – Government and Industry RelationsFunding Amount: $350,000Project Description: This ongoing, two-year initiative will study how oil sands development, specifically bitumen extraction and hydroelectric projects, is affecting the health of the Peace-Athabasca Delta, the heart of the Mikisew’s traditional territory. Guardians work throughout the year to monitor water quality, collect data, detect flooding and monitor fish populations.

    Project Title: Ni Ho Ghe Di – Athabasca Chipewyan First Nation Guardians ProgramRecipient: Dene Land and Resource ManagementFunding Amount: $350,000Project Description: This two-year initiative will monitor and report activities that may harm the ecology, traditional lands or traditional resources of the Athabasca Chipewyan First Nation, such as poaching and illegal hunting on traditional territory, particularly to protect the Ronald Lake bison. The initiative will also help youth build cultural pride and connection to the land, as well as develop on-the-land skills.

    Project Title: Guardians of the Land – Dene Tha’ First NationRecipient: Dene Tha’ First NationFunding Amount: $350,000Project Description: This two-year initiative will include activities such as ecological restoration, support for resource management plans, and compliance with laws and regulations. Guardians will contribute to the protection and recovery of species at risk, manage land use in the proposed M’behcholia Indigenous Protected and Conserved Area (Bistcho Lake, Alberta), and provide environmental and wildlife monitoring.

    Project Title: Alexis Nakota Sioux Nation Guardians InitiativeRecipient: Alexis Nakota Sioux NationFunding Amount: $346,400Project Description: This two-year initiative will include conducting and analyzing aerial surveys, creating a Geographic Information System (GIS) data management and visualization system using RStudio and ArcPY, and continuing to develop the Stoney Lands and Waters course.

    British Columbia

    Project Title: Kitasoo Xai’xais Nation Guardian Program EnhancementRecipient: Kitasoo Xai’xais NationFunding Amount: $604,925Project Description: This two-year initiative will focus on marine and terrestrial surveys, as well as compliance and enforcement practices that include education, observation and reporting. In addition, guardians participate in Coastal First Nations Coast Guard Auxiliary activities and receive training on emergency response to search and rescue and oil spills.

    Project Title: Coastal Stewardship NetworkRecipient: Great Bear Initiative SocietyFunding Amount: $499,785Project Description: This two-year initiative provides programming to the eight member nations of the Great Bear Initiative of Coastal First Nations, who work directly with communities to support Guardians along the North and Central Coast and Haida Gwaii to monitor resource use and ecosystem health, provide training and professional development opportunities, raise awareness, and foster coastal stewardship.

    Project Title: Songhees Nation Guardians ProgramRecipient: Songhees NationFunding Amount: $50,000Project Description: This one-year initiative continues work already begun with community members, band council and outside organizations to provide monitoring services, promote community stewardship and restore habitat areas. This initiative helps strengthen Indigenous presence on the water during fishing seasons as it is essential to establishing greater authority over fisheries and coastal resources on the land.

    Project Title: Lower Nicola Indian Band – Indigenous Guardians Program – Tier 1Recipient: Lower Nicola Indian BandFunding Amount: $49,450Project Description: This one-year initiative aims to build capacity, skills and knowledge to implement a new Guardians Program in the community. This program will include mapping and indexing areas of the territory, consulting with Elders and Knowledge Keepers, community engagement, developing a plan and working with Chief and Council to ensure alignment of the vision and strategic plan.

    Project Title: Mamalilikulla First Nation Guardian ProgramRecipient: Mamalilikulla First NationFunding Amount: $350,000Project Description: This two-year initiative includes ongoing activities where guardians will spend time in the field collecting data, monitoring cultural sites, managing grizzly bear populations, planting crabapple trees to feed the bears, and improving fisheries. This work will help Chief and Council make informed decisions.

    Project Title: Wet’suwet’en First Nation Guardians Initiative: A Holistic ApproachRecipient: Wet’suwet’en First NationFunding Amount: $75,745Project Description: This one-year initiative will monitor and collect data on moose populations and mortality rates, assess wildlife habitat, install camera traps, and assess riparian areas. It will also explore the possibility of launching a water monitoring program in identified priority areas. These efforts will help the community observe and document activities or cumulative effects that impact their ability to practice their traditional way of life.

    Project Title: Indigenous Guardians Proposal for Saulteau First NationsRecipient: Saulteau First NationsFunding Amount: $350,000Project Description: This two-year initiative will support the community in taking the lead in monitoring, protecting and restoring lands and waters, which is essential to the health and well-being of the community. Activities include supporting healthy food harvesting, cultural activities, protecting Klinse-za Park, monitoring climate change and understanding how events such as wildfires affect the community, changes in weather patterns, and changes in animal movements and water availability.

    Project Title: Saik’uz Guardians ProgramRecipient: Saik’uz First NationFunding Amount: $350,000Project Description: This two-year initiative will build on the long-term monitoring efforts of the Saik’uz Guardians community-based initiative. Guardians will be guided by the wisdom of Indigenous knowledge and Western science, with the goal of empowering the Nation with respect to the water and land of the territory.

    Project Title: P’egp’ig’lha GuardiansRecipient: P’egp’ig’lha Council/T’it’q’et First NationFunding Amount: $350,000Project Description: This two-year initiative will conduct land patrols to monitor the health of the land and study wildlife and fisheries. Guardians play a vital role in protecting and restoring the Stein-Nahatlatch grizzly bear population, supporting wildfire recovery efforts, and strengthening collaboration with other guardian programs in the area.

    Project Title: Pauquachin First Nation Marine Department – Stewardship InitiativeRecipient: Pauquachin First NationFunding Amount: $350,000Project Description: This two-year initiative will monitor one of British Columbia’s busiest and most heavily used waterways. Guardians monitor culturally sensitive archaeological sites, harvest areas, recreational and commercial fisheries use, environmental threats (pollution sources, marine waste disposal, illegal activities and poaching), and conduct restoration work in designated areas of significance. This initiative represents the interests, concerns and goals of the community to ensure that waterways, foods, historic sites and cultural practices are sustained for generations to come.

    Project Title: Takla Nation Guardians Initiative – Tier 2Recipient: Takla NationFunding Amount: $499,959Project Description: This ongoing initiative is monitoring over 30 sites on Takla lands and waters. This work is critical to the Takla’s ability to implement environmental and cultural protections, including ensuring that archaeological impact assessments conducted by various developers and government agencies are consistent with the Takla Archaeology Policy. It also builds capacity to monitor caribou and moose populations and supports the Guardians program by encouraging youth engagement in the community.

    Project Title: Tsilhqot’in Guardians NetworkRecipient: Tsilhqot’in National GovernmentFunding Amount: $500,000Project Description: This two-year initiative, led by the Tsilhqot’in National Government in collaboration with six Tsilhqot’in communities – Xeni Gwet’in, Tlesqox, Tletinqox, Tsi Del Del, ?Esdilagh and Yunesit’in – aims to integrate and strengthen Tsilhqot’in values into the management of lands and waters in the region. In partnership with provincial and federal land and water management agencies, the Guardians will conduct hunting, fishing and fire prevention patrols, as well as wildlife and water monitoring research to ensure sustainable management of Tsilhqot’in territories.

    Project Title: Quatsino Axsilaxa Ahwheatnagwusn Guardians ProgramRecipient: Quatsino First NationFunding Amount: $342,765Project Description: This two-year initiative will support the implementation of the Quatsino Land Use and Marine Resource Use Plan. This will be done through field work such as data collection and monitoring. These efforts will be critical to ecosystem restoration and food security through local harvesting of traditional foods.

    Project Title: Nłeʔképmx GuardiansRecipient: Citxw Nlaka’pamux AssemblyFunding Amount: $350,000Project Description: This two-year initiative will continue to build on-the-ground presence and awareness of Nłeʔképmx territory, protocols and cultural practices. Guardians will monitor and record activities on the land, focusing on priority areas identified by the Citxw Nlaka’pamux Assembly. These priority areas include hunting, fishing, gathering and other culturally significant areas. Nłeʔképmx Guardians will record, monitor and manage invasive species and contribute to research on species at risk on the territory.

    Project Title: Supporting and Maintaining a Strong and Effective Heiltsuk Guardian ProgramRecipient: Heiltsuk Integrated Resource Management Department of the Heiltsuk Tribal CouncilFunding Amount: $349,499Project Description: This two-year initiative will focus on building capacity, monitoring local aquatic ecosystems and community fisheries for safe operations, and supporting and restoring the vital relationship between people and the land.

    Project Title: Haa Aaní Tulatín – Taku River Tlingit First Nation Land Guardians ProgramRecipient: Taku River Tlingit First NationFunding Amount: $349,600Project Description: This two-year initiative will address threats to the land and monitor salmon populations. The guardians will work to strengthen salmon stewardship by hosting multi-day camps that focus on traditional fishing, intergenerational knowledge transfer, and land monitoring.

    Project Title: Spuzzum First Nation Land Guardians InitiativeRecipient: Spuzzum Indian BandFunding Amount: $50,020Project Description: This one-year initiative will focus on protecting important ecosystems by monitoring key territorial and cultural sites, collecting ecological data, and saving endangered species such as the Northern Spotted Owl. The guardians will also contribute to the development of a stewardship policy framework.

    Project Title: Kwadacha First Nation Guardians Project – Level 2Recipient: Kwadacha First NationFunding Amount: $348,734Project Description: This two-year initiative will provide long-term ecological and cultural monitoring to track changes in key wildlife habitats, traditional food sources and water sources. This will provide an opportunity to discuss how potential changes may impact Dene roles and responsibilities on the land.

    Project Title: Doig River First Nation Guardians ProgramRecipient: Doig River First NationFunding Amount: $349,188Project Description: This two-year initiative will focus on improving land and water monitoring by combining cultural methods and western science. Doig River First Nation Guardians will continue to monitor the health of the land, guided by their members, and will work collaboratively with government to address any impacts.

    Project Title: Nahnéhé Gegenı́hı/Kakinawetakwow Uski/Fort Nelson First Nation Land Guardians InitiativeRecipient: Fort Nelson First NationFunding Amount: $375,000Project Description: This two-year initiative supports stewardship, land management and cultural activities on Fort Nelson First Nation territory. The initiative is informed by Western scientific monitoring and research, while drawing on Indigenous ways of knowing and understanding the health and condition of lands and waters.

    Project Title: Scianew Guardians InitiativeRecipient: Beecher Bay First NationFunding Amount: $348,614Project Description: This two-year initiative will focus on environmental conservation and monitoring, guardian training, impact assessments, territorial sovereignty and maritime safety. This will be accomplished through partnerships with neighbouring nations, the Western Canada Marine Response Corporation (WCMRC) and Kotug Canada.

    Project Title: Upper Similkameen Indian Band Land Guardians ProgramRecipient: Upper Similkameen Indian BandFunding Amount: $391,894Project Description: This two-year initiative aims to address critical environmental challenges while deeply integrating Indigenous knowledge, community engagement and sustainable practices. The Guardians initiative focuses on land conservation, sustainable resource management and building ecosystem resilience.

    Project Title: Boothroyd Guardians Program ImplementationRecipient: Boothroyd Indian BandFunding Amount: $50,000Project Description: This one-year initiative will monitor environmental indicators on the land and support restoration work in areas damaged by wildfires and subsequent erosion. Boothroyd Guardians will work with land user groups to improve understanding and respect for the environment.

    Project Title: TTQ Guardian Program Initiation ProjectRecipient: TTQ Economic Development CorporationFunding Amount: $62,533Project Description: This one-year initiative will collect and interpret previously recorded Xa’xtsa cultural knowledge data, map priority areas, and develop a monitoring plan. The goal is to observe changes in the supply of traditional herbs and plants, the frequency and impact of foraging on the territory, the vitality of salmon spawning, changes in unauthorized camping, and invasive plant and animal species.

    Project Title: Wildfire Recovery MonitoringRecipient: Okanagan Indian BandFunding Amount: $350,000Project Description: This two-year initiative will assess the condition of the White Rock Lake watershed before and after the wildfires on behalf of the Okanagan Indian Band. Guardians will conduct site assessments, inventory significant cultural resources, monitor wildlife, and assess the severity of fire damage to guide restoration efforts.

    Project Title: Nanwakolas – Stewardship through Indigenous Scientific KnowledgeRecipient: Nanwakolas Council CorporationFunding Amount: $500,000Project Description: This two-year initiative will apply Kwakwaka’wakw values and Indigenous scientific knowledge to a variety of projects including loxiwe (clam garden) restoration, canoe carving, seasonal Guardian Gathering events, and data collection on water, wildlife monitoring, climate change studies, and emergency response planning.

    Project Title: Continuing Implementation of the Skwxwú7mesh Úxwumixw (Squamish Nation) Guardian Program InitiativeRecipient: Squamish Nation – Squamish Indian Band 555Funding Amount: $349,505Project Description: This two-year initiative will provide stewardship activities, respond to climate events and emergencies, and enhance public safety. Guardians will continue to be present on the land and learn from Elders, Knowledge Keepers and youth; and collaborate with other Nations to share information and build capacity across the national Guardian network.

    Project Title: Guardians of the St’át’imc LandRecipient: St’at’imc Government ServicesFunding Amount: $425,180Project Description: This two-year initiative will focus on implementing the St’át’imc Water Agreement. It includes collecting baseline data on three intact watersheds and three impacted watersheds to assess water quality. Other activities include capacity building and examining stories and legends through workshops and research in collaboration with the Indigenous Law Research Unit.

    Project Title: Nak’azdli Whut’en Yinka Huwunline (Caring) Guardian ProgramRecipient: Nak’azdli Whut’enFunding Amount: $349,942Project Description: This two-year initiative will develop geospatial mapping technology for Guardians to use in their monitoring activities. This will create open portals for communication while protecting internal data and cultural information. The project will use remote sensing technology to create “living maps” that will track seasonal phenology, quantify impacts, and provide informed stewardship engagements with industry, government, consultants, and academia.

    Project Title: Yintah Guardians of Lake Babine NationRecipient: Lake Babine NationFunding Amount: $350,000Project Description: This two-year initiative will lead the collaborative management of the Yintahs of Lake Babine Nation territory and resources of two key cultural species, talok (sockeye) and khida (moose), to restore moose populations to culturally significant levels, and support fish monitoring, habitat restoration and cooperative management.

    Manitoba

    Project Title: Seal River Watershed Alliance Land Guardian NetworkRecipient: Seal River Watershed AllianceFunding Amount: $500,000Project Description: This two-year initiative will hire 14 youth and Elders as Land Guardians across the four Alliance Nations. This initiative builds technical capacity and manages species and habitat identification, monitoring, protection, and watershed stewardship.

    Project Title: Askiy Okanawaynichikaywuk – Guardians of the LandRecipient: York Factory First Nation Funding Amount: $349,860Project Description: This two-year initiative will maintain trails, monitor cultural and historical sites, observe changes in the land, and support respectful land use. Guardians will provide a visible presence, conduct community outreach, participate in on-the-ground activities, and help guide Council decisions on land use, stewardship, and protection.

    Project Title: Pimachiowin Aki First Nations Guardians NetworkRecipient: Pimachiowin Aki CorporationFunding Amount: $499,615Project Description: This two-year initiative will focus on monitoring the seasonal walleye fishery, all-season road design, wildfire management, and climate change adaptation and mitigation. Guardians provide a professional presence and expertise in Pimachiowin Aki, expressing their belonging to the Anishinaabe Nation, filling gaps in the provincial information management system and patrols, and conducting year-round monitoring activities.

    Project Title: SCOB Regional First Nations Guardians NetworkRecipient: Southern Chiefs’ Organization Inc.Funding Amount: $500,000Project Description: This two-year initiative will focus on strengthening Indigenous jurisdiction over their traditional lands, developing capacity, training and skills in environmental monitoring and management, and promoting cooperation and collaboration among communities on natural resource stewardship and management issues.

    Project Title: Swan Lake First Nation Indigenous Guardians Land, Water and Nature Stewardship InitiativeRecipient: Swan Lake First NationFunding Amount: $349,285Project Description: This two-year initiative, in collaboration with Agriculture and Agri-Food Canada, will continue to assess and reseed revegetation terraces if necessary, monitor water quality from the tile drainage structure, and monitor animal and pollinator populations. The data collected will help understand the success of this project in reducing nutrient pollution and improving ecosystems.

    New Brunswick

    Project Title: Amlamgog Earth GuardiansRecipient: Fort Folly First NationFunding Amount: $321,411Project Description: This two-year initiative will expand and enhance an existing salmon recovery initiative. This initiative will focus on monitoring flora and fauna, in accordance with the traditional guiding principle of “Etuaptmumk” (two-eyed vision).

    Project Title: Wotstak First Nation Guardians Initiative – Tier 1Recipient: Woodstock First NationFunding Amount: $50,000Project Description: This one-year initiative will collect data and monitor the ecosystem, drawing on the knowledge of Woodstock First Nation’s Indigenous traditions of conservation, with the goal of developing a land use plan.

    Project Title: Elugweieg Toqwe’gig ugjit Ugs’tqamu aq ugjit Sapo’nug (We work together for the land and for tomorrow)Recipient: Esgenoôpetitj Watershed AssociationFunding Amount: $349,923Project Description: This two-year initiative will expand monitoring and governance of the Esgenoôpetitj aquatic environment, led by Esgenoôpetitj First Nation Fishery Guardians, in collaboration with Fisheries and Oceans Canada enforcement staff, as part of the management, conservation and protection of fisheries in areas most frequented by the community.

    Newfoundland and Labrador

    Project Title: Innu Nation Guardians ProgramRecipient: Innu Nation – Environment and Parks OfficesFunding Amount: $700,000Project Description: This two-year initiative will integrate the Innu (Natuashish) communities of Sheshatshiu and Mushuau Innu through environmental stewardship and cultural preservation. The initiative will focus on five objectives: the creation of additional guardian positions, technical and safety training, the organization of youth workshops on knowledge transfer, the purchase of necessary equipment, and the development of cultural initiatives to maintain and promote Innu traditions and ecological knowledge.

    Nova Scotia

    Project Title: Reconnecting Our People with the LandBeneficiary: Eskasoni Fish

    Project Title: Nova Scotia Land Guardians Network/Nuji kelo’toqatijikRecipient: Unama’ki Institute of the Natural Resources SocietyFunding Amount: $500,000Project Description: This two-year initiative involves collecting and sharing Indigenous knowledge, promoting Netukulimk hunting practices, monitoring and data collection including designating areas suitable for cultural activities, harvesting medicinal plants, monitoring species at risk, and education and awareness of culturally significant species.

    Northwest Territories

    Project Title: Ni hat’ni Dene (“Keepers of the Land”)Recipient: Lutsel K’e Dene First NationFunding Amount: $349,600Project Description: This two-year initiative is part of a long-term mandate to promote Thaidene Nene stewardship, working full-time as guardians of the land, water and animals, and as ambassadors of the Dene way of life, and welcoming visitors. Initiatives include protecting Bathurst caribou, sharing cultural knowledge with youth, and protecting food security.

    Project Title: Deninu Kue First Nation GuardiansRecipient: Deninu Kue First NationFunding Amount: $333,055Project Description: This two-year initiative will monitor the land and waters. Guardians will patrol the territory to ensure it remains clean and will conduct water quality sampling and fish cleanliness monitoring.

    Project Title: Łı́ı́dlı̨́ı̨́ Kų́ę́ First Nation Guardians and Climate Change Monitoring ProjectRecipient: Łı́ı́dlı̨́ı̨́ Kų́ę́ First NationFunding Amount: $349,961Project Description: This two-year initiative aims to monitor the impacts of climate change on the environment in the Dehcho region of the Northwest Territories. The initiative will include monitoring a variety of indicators such as permafrost thaw, streambank subsidence/erosion, and species population shifts. Guardians will receive specialized training in monitoring erosion and permafrost conditions, observing thaw patterns, and assessing thaw depth. This data collection is essential to assess the evolution of the landscape.

    Project Title: Sahtu K’aowe Guardians Project for Tsá Tué Biosphere ReserveRecipient: Délįnę Got’įnę GovernmentFunding Amount: $350,000Project Description: This two-year initiative supports monitoring of Great Bear Lake and its watershed using the “Two-Eyed Seeing Approach” (uniting Western science and Indigenous knowledge) to ensure biodiversity conservation, ecological integrity, climate change adaptation, local wildlife subsistence, food security, and the continuity and revitalization of cultural practices.

    Ontario

    Project Title: Environmental Stewardship of Air Quality Issues for Aamjiwnaang First NationRecipient: Aamjiwnaang First NationFunding Amount: $48,732Project Description: This one-year initiative will monitor the air, water and lands surrounding Aamjiwnaang First Nation that have been impacted by industrial development. Guardians will identify environmental monitoring gaps (soil, water, air, fish, plants and endangered species), develop data collection plans, and improve emergency notifications and community responses to oil refineries, chemical plants and other industrial facilities located near Aamjiwnaang First Nation.

    Project Title: Temagami First Nation GuardiansRecipient: Temagami First NationFunding Amount: $451,000Project Description: This two-year initiative focuses on water quality, species and habitat protection, preserving Indigenous wisdom, data collection and monitoring. Guardians will participate in tracking, recording and reporting activities related to land use and environmental protection. Special attention will be paid to Lake Temagami, including monitoring ice fishing huts, houseboats, shorelines and more.

    Project Title: Atikameksheng Anishnawbek – Phase 2 – Monitoring the Atikameksheng Traditional TerritoryRecipient: Atikameksheng AnishnawbekFunding Amount: $347,263Project Description: This two-year initiative will collect maple sap during the sugar moon and harvest other food items, which will be distributed to Elders and the Nations Food Bank. Guardians will monitor the land, conduct field inspections for proposed logging operations to ensure that Grandmother Trees are protected, and complete daily field worksheets and site inspections that will provide important environmental information on spills, violations, and logging operations.

    Project Title: Anishinabek Traditional Ecological Guardians of Georgian BayRecipient: Magnetawan First NationFunding Amount: $500,000Project Description: This two-year initiative supports on-the-ground learning, knowledge transfer and technical skills training on species at risk, species monitoring, data collection and other land management activities using the “Two-Eyed Seeing Approach”. The initiative will also help build sustainable management capacity in other First Nations groups.

    Project Title: Charting the Path Ahead – Anishinaabe Aki Shkabewisag (Niiwin Wendaanimok Anishinaabe Guardians Network)Recipient: Niiwin Wendaanimok Limited PartnershipFunding Amount: $500,000Project Description: This two-year initiative will support four Anishinaabe Nations to mitigate and monitor development compliance on the land, increase their capacity to care for land, water, plants and animals, and collaborate to identify individual needs and create customized support and mentorship programs. Anishinaabe Guardians will identify and protect important areas through consultation with Elders and Knowledge Keepers.

    Project Title: Ketegaunseebee Aki GuardiansRecipient: Garden River First NationFunding Amount: $301,400Project Description: This two-year initiative will help Garden River First Nation monitor and protect the St. Mary’s River and lands in fulfillment of a treaty with neighbouring Indigenous nations. The initiative will focus on capacity building, community engagement and on-the-ground work, including species at risk, invasive species and logging monitoring patrols.

    Project Title: Four Rivers Regional Guardians NetworkRecipient: Matawa First Nations ManagementFunding Amount: $389,771Project Description: This two-year initiative focuses on environmental stewardship and capacity building in nine Matawa First Nations. The Four Rivers Regional Guardians Network will participate in virtual and in-person networking events to expand their knowledge and capacity, including cultural exchanges within the network.

    Project Title: Biinjitawaabik Zaaging Anishnaabek Community GuardiansRecipient: Biinjitiwaabik Zaaging Anishnaabek First Nation of Rocky BayFunding Amount: $350,000Project Description: This two-year initiative will implement sturgeon and mine site protocols, conduct environmental monitoring analyses, map the Lake Nipigon basin and compile the data into a geographic information system database.

    Project Title: The Height Of Land Wakohtowin Guardians Program – Treaty 9Recipient: Wahkohtowin Development General Partnership INC.Funding Amount: $499,300Project Description: This two-year initiative aims to strengthen traditional knowledge, practices and lifestyles within communities. Guardians will have first-hand experience in the functioning of ecosystem services and the economics of conservation.

    Project Title: Neya Waban Guardians Program – Guardians of the LandRecipient: Algonquins of Pikwakanagan First NationFunding Amount: $349,650Project Description: This two-year initiative will gather critical information for decision-making, identify areas of quality wildlife habitat, and develop management plans and protocols. The Algonquins of Pikwakanagan First Nation will continue to collect data based on Algonquin knowledge to better protect the land, water, animals and air of the eleven communities in Ontario and Quebec.

    Project Title: Mnisinoog (Warriors for the Bay): Shawanaga First Nation Guardians ProgramRecipient: Shawanaga First NationFunding Amount: $350,000Project Description: This two-year initiative focuses on enhancing aquatic life, using river monitors to maintain and protect the health of the river ecosystem. Aquatic stewardship is a priority, through catch surveys, large-scale monitoring of water bodies, and a detailed study of fish consumption.

    Project Title: Caldwell First Nation Land Guardians ProgramRecipient: Caldwell First NationFunding Amount: $345,840Project Description: This two-year initiative will focus on education, training, on-the-ground learning with technical experts and knowledge holders, and listening sessions with the community. The Guardians will review classroom environmental assessments on behalf of Caldwell First Nation, monitor and participate in environmental projects on the land, and implement multi-year capacity building initiatives, with a focus on supporting the creation, development and management of Indigenous protected and conserved areas on their traditional territory.

    Prince Edward Island

    Project Title: Lennox Island First Nation Guardians ProgramRecipient: Lennox Island First NationFunding Amount: $346,800Project Description: This two-year initiative will help better manage, protect and utilize the marine resources that the community relies on. It will allow the Lennox Island Watershed Conservation Group to participate in coastal erosion studies, fisheries workshops (lobster handling practices), a black ash reforestation project and the development of a modernized solid waste management plan.

    Project Title: Guardians of AbegweitRecipient: Abegweit First NationFunding Amount: $350,000Project Description: This two-year initiative embodies a cultural and traditional approach to natural resource management. The initiative also includes data collection and monitoring, with a focus on land, water and resource use on traditional territories, including cultural sites.

    Quebec

    Project Title: Guardians of the NdakinaRecipient: W8banakiFunding Amount: $500,000Project Description: This two-year initiative will support the sustainability of traditional practices of members of the Nation, protect their rights of access to ancestral territories and preserve cultural heritage. This initiative will create conservation spaces, share and transmit Indigenous knowledge, mentor youth, consult the community, promote food sovereignty and many other activities.

    Project Title: Moving Forward: Taking Pessamit’s Land Guardians to the Next LevelRecipient: Conseil des Innus de PessamitFunding Amount: $349,550Project Description: This two-year initiative involves a team of six territorial agents specializing in data collection, land monitoring, and comprehensive inventories of biodiversity and ecosystem processes. The initiative will focus on monitoring and assessments, conducting an inventory of cultural sites, developing sampling expertise, and community engagement and visibility.

    Project Title: Abitibiwinnik Land GuardiansRecipient: Abitibiwinni First NationFunding Amount: $195,931Project Description: This two-year initiative will continue to train community members in land monitoring and develop new skills and knowledge through fieldwork that uses both Indigenous knowledge and Western science. The initiative aims to document information gathered through the activities of guardians, community members and elders.

    Project Title: Chisasibi Intertidal Cumulative Impact Assessment: Integrating Science, Tradition and StewardshipRecipient: Chisasibi Cree NationFunding Amount: $348,468Project Description: This two-year initiative will focus on integrating western science, Indigenous knowledge and stewardship to address key challenges in the Chisasibi community. The initiative will study the impact of land use planning by reviewing existing research, mapping the community, analyzing vegetation and collecting environmental samples. In addition, it will build capacity through workshops and a mentoring initiative involving the Kinwhapmaakins (trapkeepers/managers). All data will be collected and combined into a detailed cumulative effects report.

    Project Title: Atikamekw Guardians of ManawanRecipient: Atikamekw Council of ManawanFunding Amount: $350,000Project Description: This two-year initiative will strengthen the role of Guardians in working with non-Indigenous land users and partners within the Nation and community. The next phase will focus on field activity, data collection, establishing a formal mandate recognized by the community, capacity building and training, and strengthening the role of Guardians within the community.

    Project Title: Kitigan Zibi Anishinabeg Nagadjitòdjig Guardians InitiativeRecipient: Kitigan Zibi Anishinabeg First NationFunding Amount: $594,020Project Description: This two-year initiative will monitor and inventory key cultural species, wild foods and trees. Guardians will conduct water quality studies, identify sites of cultural significance and record videos to document traditional practices and activities.

    Project Title: Protection and Participation in the Development of Pekuakamiulnuatsh Heritage on NitassinanRecipient: Pekuakamiulnuatsh TakuhikanFunding Amount: $49,995Project Description: This one-year initiative aims to ensure the protection and preservation of the territory, while maintaining the well-being of the members of the Nation community, as they carry out the traditional activities of their Nation. Guardians play a crucial role in supporting the Nation community, monitoring the lands and accompanying community members on Nation lands.

    Project Title: Essipiu Assinu Nakatuenitamu (He who takes care of the territory of Essipit)Recipient: Council of the Innu Essipit First NationFunding Amount: $246,308Project Description: This two-year initiative supports responsible governance and occupation of the Nation’s territory, land monitoring, participation in community events, and collaboration on various projects that encourage learning and skills development for guardians and community members.

    Project Title: Nutshimiunnuat d’ITUM (Guardians of the Nitassinan d’ITUM)Beneficiary: Innu Takuaikan Uashat mak Mani-UtenamFunding Amount: $350,000Project Description: This two-year initiative involves monitoring, protection and stewardship activities on the Nation’s traditional territory. Its objective is to ensure monitoring of the territory and protection of the Nation, as well as to contribute to studies and inventories on the impacts of climate change and industrial development on the territory.

    Project Title: Iakwatonhontsanónhnha – We all mind her, the EarthRecipient: Mohawk Council of Kahnawà:keFunding Amount: $256,416Project Description: This two-year initiative will develop a community environmental charter that will help define the roles and responsibilities of conservation officers. It will also provide an opportunity to consult on a “Rights of Nature” approach to protecting the St. Lawrence River.

    Saskatchewan

    Project Title: File Hills Qu’Appelle Guardians InitiativeRecipient: File Hills Qu’Appelle Tribal CouncilFunding Amount: $354,180Project Description: This two-year initiative will monitor and document stream health, including water quality, medicinal plants, and bank conditions, particularly on the lower Qu’Appelle River and its chain of lakes. It will also revitalize language and land stewardship practices.

    Project Title: Monitoring and Protection of Athabasca Denesųłiné Nuhenéné in SaskatchewanRecipient: Ya’thi Néné Lands and Resources OfficeFunding Amount: $498,916Project Description: This two-year initiative will monitor the lands and waters of Nuhenéné, including Indigenous protected areas, caribou hunting areas, and mining and prospecting activities. Guided by Elders, Ya’thi Néné Land and Resource Guardians are working to reconnect youth to the land and train future leaders in sustainable management practices.

    Project Title: Birch Narrows Dene Nation Nuh Nene Strategic PlanRecipient: Birch Narrows Dene NationFunding Amount: $49,917Project Description: This one-year initiative will monitor the land, combining ancestral wisdom and modern ecological approaches. Strategic partnerships with neighbouring First Nations and partners such as Tamarack Environmental Associates, Nexgen Energy Ltd. and Fission Uranium Corp. will amplify the impact of conservation efforts. Through training, mentoring and community engagement, the initiative will help the Nuh Nene Department achieve its goal of safeguarding cultural identity and the natural environment.

    Project Title: Pheasant Rump Nakota First Nation Community Guardians InitiativeRecipient: Pheasant Rump Nakota First NationFunding Amount: $350,000Project Description: This two-year initiative aims to build capacity by training and employing youth to collect and analyze data on climate change and industry impacts on the land. The data will be used to develop a land use plan to inform Chief and Council decision-making on stewardship and habitat management initiatives to ensure sustainable sources of traditional foods for the community.

    Project Title: Muskowekwan First Nation Community Guardians InitiativeRecipient: Muskowekwan First NationFunding Amount: $350,000Project Description: This two-year initiative aims to build the capacity of community members to monitor and understand the impacts of climate change. Youth will have the opportunity to receive training in Indigenous knowledge, Western science, climate and environmental monitoring practices including geographic information systems and remote sensing, participatory mapping and knowledge gathering.

    Yukon

    Project Title: Teechik Land Guardians: Nanh gwiinzii vik’ite’tri’giikhii/We read the land wellRecipient: Vuntut Gwitchin First NationFunding Amount: $349,333Project Description: This two-year initiative will operate a camera trap network to monitor predator-prey interactions on the Old Crow Winter Road and conduct baseline fish and water sampling at the headwaters of the Porcupine River. The Guardian Coordinator will be responsible for organizing patrols, analyzing monitoring data, and preparing communications materials for community members and leaders. This capacity building will strengthen monitoring efforts by enabling the initiative to process more samples, improve the use of camera data, and enable keepers to establish an annual trapping camp to extend monitoring to furbearers.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI China: Foreign investors upbeat on opportunities in China’s capital market

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

    BEIJING, Sept. 27 — As China maintains its steady economic growth momentum, more foreign institutional investors have quickened the pace of their investments in the Chinese capital market.

    In early September, M&G Investments, one of Europe’s leading asset managers headquartered in London, announced the launch of the M&G China Fund, aiming to provide investors with access to what it called “one of the world’s most compelling markets for long-term stock picking.”

    The M&G China Fund’s investment approach will center on a universe of circa 300 Chinese stocks, the company said in a statement posted on its website.

    “In our view, China’s stock market capitalization is currently disproportionately small compared to the size of its economy, with many stocks trading at compelling levels of valuation. At the same time, many Chinese companies are showing improving operational resilience during recent tough times and are increasingly focused on maximizing profits and boosting shareholder returns through both higher dividends and share buy-backs,” said David Perrett, manager of the M&G China Fund and co-head of the Asia Pacific equity investment team.

    “In addition to ongoing corporate self-help, many Chinese businesses are also leaders in globally growing areas such as renewable energy and digital supply chain-management,” said Perrett, who has spent more than three decades investing in China.

    M&G Investments is not alone in the effort to tap into the Chinese capital market. In late August, Krane Funds Advisors, or KraneShares, a U.S.-based asset management firm known for its global exchange-traded funds (ETFs), launched the KraneShares China Alpha Index (KCAI) ETF at the New York Stock Exchange.

    According to a statement released by KraneShares, KCAI’s index was developed by the firm’s sub-advisor Quant Insight to generate returns in China A-shares through an optimization filtering process combined with AI technology.

    China’s A-share market is a prime candidate for KraneShares’s strategy, the statement quoted Mahmood Noorani, CEO of Quant Insight, as saying.

    Like M&G Investments and KraneShares, foreign investors’ appetite for buying Chinese assets has been growing, underpinned by their strong confidence in the long-term fundamentals of the Chinese economy.

    So far this year, multiple international institutions, including the World Bank and the International Monetary Fund (IMF), have raised their forecast for China’s economic growth in 2024.

    The World Bank has raised its growth forecast to 4.8 percent, 0.3 percentage points higher than its previous forecast, while the IMF revised up China’s growth outlook to 5 percent, increasing by 0.4 percentage points from its previous forecast.

    Despite challenges at home and abroad, China’s economy grew by 5 percent in the first half of this year.

    At a meeting of the Political Bureau of the Communist Party of China Central Committee on Thursday, the leadership stressed effectively implementing existing policies, rolling out incremental policies and making policy measures more targeted and effective, and striving to accomplish the targets and tasks for this year’s economic and social development.

    The meeting, which analyzed China’s current economic situation and made further arrangements for economic work, also called for efforts to boost the capital market and vigorously guide medium and long-term funds to enter the capital market.

    Buoyed by the sound fundamentals of China’s economy, the number of U.S. dollar-denominated qualified foreign institutional investors, or QFII, has expanded to 841, with 43 foreign investors being granted QFII status this year, according to the latest data from the China Securities Regulatory Commission.

    The QFII scheme and its RMB-denominated sibling, RQFII, are designed to allow overseas investors to invest in China’s domestic capital markets.

    As the number of foreign investors has continued to grow, their holdings of Chinese bonds are also increasing.

    Foreign investors’ holdings of Chinese bonds in the interbank market increased to 4.5 trillion yuan (about 641.9 billion U.S. dollars) at the end of July, reaching a record high, according to data from the People’s Bank of China (PBOC), the country’s central bank.

    Industry insiders noted that foreign investors’ active buy-in of Chinese assets has been facilitated by the country’s continuous opening-up measures in the capital market over the years, and the encouraging institutional arrangements are still gaining steam.

    Since Aug. 26, the PBOC and the State Administration of Foreign Exchange have started to implement revised rules for the QFII and RQFII.

    With the aim to steadily expand the opening-up of the financial sector, key revisions include simplifying business registration procedures, and optimizing the management of accounts and cross-border fund flows.

    As Chinese authorities have repeatedly pledged to advance the opening-up in the capital market to a higher level, analysts said more overseas investors are expected to be attracted to invest in the market.

    MIL OSI China News

  • MIL-OSI USA: Growing Coffee in the Greater United States

    Source: US Global Legal Monitor

    National Coffee Day falls on September 29, and International Coffee Day a couple of days later on October 1. A staple of American mornings, coffee, a caffeinated beverage cultivated from coffee beans, is brewed from a plant with early cultivation in Africa and the Middle East. Legends of early brews come from as early as 850 AD in Ethiopia. Today, the worldwide trade of coffee is regulated by multiple international treaties. The first International Coffee Agreement (ICA) was adopted by Congress in 1980 (Public Law 96-599) and codified at 19 U.S.C. §§ 1356k. On June 9, 2022, the latest International Coffee Agreement was renewed.

    Arbre du café dessiné en Arabie sur le naturel. 1716. Library of Congress Rare Book and Special Collections Division. https://hdl.loc.gov/loc.pnp/cph.3b36921.

    Federal Law

    Before the International Coffee Agreement, how was the sale of coffee regulated in the United States? The Tariff Act of 1930, also known as the Hawley-Smoot Tariff, (46 Stat. 590) contains a mention of coffee. As of today, California, Hawai’i, and Puerto Rico are the only places in the greater United States where coffee may be commercially cultivated (though California does not have explicit regulations on the trade).

    In the Code of Federal Regulations, 7 CFR Subpart O is exclusively dedicated to coffee as the “raw or unroasted seeds or beans of coffee intended for processing.”

    Hawai’i

    The 2002 Hawaiian Grown Coffee Law (§ 486-120.6) amended chapter 486 (now repealed) of the Hawai’i Revised Statutes to update the language on labels of Hawaiian coffee products. Specifications include the listing of coffees in a blend by weight and region of origin.

    In May 2024, the Hawaiian legislature passed a law (H.B. 2298) that will require all types of coffee beverages containing Hawaiian-grown and processed coffee to contain “no less than fifty-one per cent coffee by weight from the Hawai’i geographic origin.” The law will enter into force July 1, 2027.

    [Trademark registration by G. W. Earhart for Coffea Arabica brand Coffee, Either Green or Roasted]. Apr. 7, 1885. Library of Congress Prints & Photographs Division. https://hdl.loc.gov/loc.pnp/trmk.1t12096.

    Puerto Rico

    the bush belonging to the Rubiaceae family, Coffea genus, with perennial, coriaceous, single leaves and [opposing] white, aromatic axillary flowers whose fruit is a berry, red, white and yellow in color, that generally contains two seeds from which the beverage known by the same name…” Puerto Rican official definition of coffee. (P.R. Laws tit. 5, § 320.)

    In 1966, a “coffee zone” was developed as an agricultural and industrial project in Puerto Rico (P.R. Laws tit. 5, § 318). In 2019, the Coffee Office of Puerto Rico (la Oficina de Cafés de Puerto Rico) was established as a part of the Department of Agriculture by law (Ley Núm. 78 de 27 de julio de 2019.)

    Section 319 of the Hawley-Smoot Tariff outlines the responsibility of the Puerto Rican legislature to administer tariffs and collect duties on any foreign coffee imported into the territory, and 19 USC § 1319 guarantees duties for any coffee products imported into the territory.

    [Coffee drying, Puerto Rico]. Between 1890 and 1923. Library of Congress Prints & Photographs Division. https://hdl.loc.gov/loc.pnp/cph.3c01300.

    This International Coffee Day, take a moment to consider where in the world your cup of coffee came from. Was it from a domestic farm, or perhaps from the coffee farms of Kenya, another international coffee producer? Either way, enjoy a sip and savor the unique flavor – as we can see from the regulations, different blends are regionally exclusive!

    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News

  • MIL-OSI Translation: More Stay and Entertainment Opportunities in Ingonish

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 1

    Press release

    Support for four Cape Breton businesses enhances visitor experience year-round

    September 27, 2024 Ingonish, Nova Scotia Atlantic Canada Opportunities Agency (ACOA)

    Tourism plays a vital role in Atlantic Canada, stimulating the local economy, creating jobs and strengthening communities. Tourism also helps preserve, promote and celebrate the region’s diverse cultural heritage, fostering awareness and knowledge of the many peoples who call the region home. The Government of Canada is investing to help four tourism operators in Ingonish expand their winter offerings, extending the region’s tourism season.

    Winter Escape to Cape Breton

    Jaime Battiste, Parliamentary Secretary to the Minister of Crown-Indigenous Relations and Member of Parliament for Sydney-Victoria, today announced a total investment of $1,262,165 to support tourism growth in Ingonish. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.

    This investment will help Cape Smokey, the Cabot Snowmobile Club, Ingonish Harbour-View Chalets and MacKinnon House by the Sea enhance recreational activities and accommodation options in the region, making it an even more attractive destination for visitors and helping to stimulate the economy year-round. For more information on the businesses and projects, please see the attached backgrounder.

    Today’s announcement further demonstrates the Government of Canada’s commitment to supporting a diverse tourism industry in rural communities.

    Quotes

    “Breathtaking scenery, vibrant culture and welcoming people, Ingonish is ready to be explored all year long. This magical region is where people return again and again to discover more. This World Tourism Day, plan to experience all this incredible community has to offer.”

    – The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA

    “Tourism is a powerful economic driver that supports job creation, local businesses and community growth. These projects will give visitors the fantastic outdoor experiences they seek while meeting the growing demand for high-quality, four-season accommodations in the region.”

    – Jaime Battiste, Parliamentary Secretary to the Minister of Crown-Indigenous Relations and Member of Parliament for Sydney-Victoria

    “Victoria County Council has made trail development a strategic priority and we are pleased to see this investment in a key component of the Victoria County Trail Plan. This plan aims to connect communities and their businesses to the Highlands trail network to improve participant access and user experience. Victoria County is proud to partner with strong volunteer organizations like the Cabot Snowmobile Club and recognizes the unique skills and passion these clubs bring to trail development.”

    – Bruce J Morrison, Warden of Victoria County

    “This new infrastructure will significantly increase our snowmaking capabilities, allowing us to produce more snow, faster. This will give visitors the confidence to book their winter holidays with confidence, knowing they will be able to ski or snowboard. It will also ensure that accommodation is fully booked and that restaurants in the area can operate without any problems. In other words, it is the spark that ignites the powder keg for the entire winter season.”

    – Martin Kejval, CEO Cape Smokey

    “The new trail officially connects Ingonish to the SANS Cape Breton Highlands Trail System, establishing Ingonish as both a recreational gateway and a year-round tourism destination. Not only will the project enhance the snowmobiler experience with more impressive groomed trails and a new destination, it will also promote other recreational activities such as cross-country skiing, snowshoeing, winter wilderness camping, mountain biking, bird watching, hiking, mountain biking and more. Support for this community project is greatly appreciated!”

    – Gordon LeBlanc, member of the Cabot Snowmobile Club

    “We are grateful to ACOA for supporting our small business by providing access to financing. This support will allow us to realize our entrepreneurial dream of opening a luxury accommodation in our hometown of Ingonish. We are excited to get our project off the ground, create jobs and help the community increase the availability of four-season accommodations.”

    Juanita Butler, co-owner of Ingonish Harbour-View Chalets

    “I am very excited to see this development happen in this place of historical importance to me and my family. Thank you to ACOA for helping to make this project happen!”

    – Perry MacKinnon, Owner, MacKinnon House Ltd.

    Quick Facts

    Related products

    Related links

    Contact persons

    Connor BurtonPress SecretaryOffice of the Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities AgencyConnor.Burton@acoa-apeca.gc.ca

    Lauren SinclairDirector of CommunicationsAtlantic Canada Opportunities AgencyLauren.Sinclair@acoa-apeca.gc.ca782-641-6365

    Martin KejvalCEOCape Smokeymartin.kejval@capesmokeyholding.com902-294-0051

    Clifford AuCoinPresidentCabot Snowmobile Club of Cape Breton Islandftaucoin@hotmail.com902-563-6749

    Juanita ButlerCo-owner4535562 Nova Scotia Limitedjuanitabarron@hotmail.com902-717-5906

    Perry MacKinnonOwnerMacKinnon House Ltd.pmackinnon3@gmail.com902-285-4261

    Stay Connected

    Follow APECA on Facebook, X, LinkedIn And Instagram.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI China: China launches first reusable, returnable test satellite

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

    BEIJING, Sept. 27 — China sent its first reusable and returnable test satellite, the Shijian-19, into space on Friday, using a Long March-2D rocket for the launch.

    The rocket blasted off at 6:30 p.m. (Beijing Time) from the Jiuquan Satellite Launch Center in northwest China.

    The Shijian-19 satellite has realized a number of technological breakthroughs, and will significantly enhance the technical level and application efficiency of China’s returnable satellites.

    Researchers will also use the reusable satellite to carry out space experiments and promote the development and application of new space technologies, contributing to such fields as microgravity science and space life science.

    The satellite will also conduct space breeding experiments to accelerate germplasm resource innovation.

    Shijian-19 is carrying payloads from five countries, including Thailand and Pakistan, to carry out extensive international cooperation.

    It was the 537th flight mission of the Long March series rockets.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Government invites proposals for Haw Par Mansion at 15A Tai Hang Road, Wan Chai, Hong Kong for arts and culture use

    Source: Hong Kong Government special administrative region

    Government invites proposals for Haw Par Mansion at 15A Tai Hang Road, Wan Chai, Hong Kong for arts and culture use
    Government invites proposals for Haw Par Mansion at 15A Tai Hang Road, Wan Chai, Hong Kong for arts and culture use
    ******************************************************************************************

         The Culture, Sports and Tourism Bureau (CSTB) today (September 27) invites non-profit-making organisations to submit proposals for operating, managing, conserving and revitalising Haw Par Mansion (Premises), which is situated at 15A Tai Hang Road, Wan Chai, Hong Kong, for a period of three years for arts and culture use.           This Invitation for Proposal (IFP) exercise will identify the most suitable non-profit-making operator of the Premises. All non-profit-making organisations may submit proposals in this exercise. The selected organisation will operate, manage, conserve and revitalise the Premises as a unique icon of international arts and cultural exchange in Hong Kong. The development of the Premises should complement the Government’s policies on arts and culture, as well as heritage conservation.           Interested organisations must submit a proposal in response to this IFP exercise before 5.30pm on January 27, 2025. All proposals must be delivered to the CSTB (Culture Division (2), Culture Branch, Culture, Sports and Tourism Bureau, 13/F, West Wing, Central Government Office, 2 Tim Mei Avenue, Tamar, Hong Kong) by hand.       The CSTB will arrange a site visit for interested organisations on October 17, 2024, and a briefing session will be held on October 24, 2024, for attendees to learn about the application procedure, assessment criteria as well as expectations and requirements of this IFP.      For details of this IFP exercise, the application form and the reply slip for registration of the site visit and/or briefing session, please visit the CSTB’s website at www.cstb.gov.hk/en/other-information/ifphpm.html or call 3509 8080 or 3509 8091.

     
    Ends/Friday, September 27, 2024Issued at HKT 22:25

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    MIL OSI Asia Pacific News