NewzIntel.com

Category: Asia

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

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

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

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

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

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

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

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

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

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    MIL OSI USA News –

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    https://www.ebc.com/

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

    The MIL Network –

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

    Source: Republic of Taiwan – Ministry of Foreign Affairs

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

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

    October 12, 2024
    No. 351

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

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

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

    MIL OSI China News –

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

    Source: Republic of Taiwan – Ministry of Foreign Affairs

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

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

    October 13, 2024
    No. 352

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

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

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

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

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

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

    MIL OSI China News –

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

    Source: Republic of Taiwan – Ministry of Foreign Affairs

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

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

    October 17, 2024 

    No. 356 

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

     

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

     

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

     

    TECC in Mumbai contact information: 

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

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

    Emergency hotline: +91-8850842243

    Email: bom@mofa.gov.tw

    MIL OSI China News –

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

    Source: Republic of Taiwan – Ministry of Foreign Affairs

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

    October 14, 2024  

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

     

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

     

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

     

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

    MIL OSI China News –

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

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

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

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

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

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

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

    Full text of the letter is available here and below.

    Dear Secretary Blinken and Secretary Yellen:

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

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

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

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

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

    Sincerely,

    MIL OSI USA News –

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

    Source: Hong Kong Information Services

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

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

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

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

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

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

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    October 14, 2024  

    Following China’s announcement on October 14 of the launch of the Joint Sword-2024B military drills, the spokesperson of the European External Action Service (EEAS) issued a statement later that day pointing out that China’s military activities around Taiwan had further increased cross-strait tensions. The statement reiterated that peace and stability in the Taiwan Strait were of strategic importance to regional and global security and prosperity. It also reaffirmed the European Union’s direct interest in the preservation of the status quo in the Taiwan Strait and opposition to any unilateral attempts to change the status quo by force or coercion. In addition, the European Union called on all parties to exercise restraint and avoid any actions that might further escalate cross-strait tensions and to resolve disputes through dialogue.
     
    The Ministry of Foreign Affairs strongly appreciates that the European Union has continued to pay close attention to Taiwan Strait developments and that it issued a statement reaffirming staunch support for cross-strait peace and stability immediately after China announced the launch of military drills. As a force for good in the world, Taiwan will continue to bolster cooperation and exchanges with European countries and other like-minded partners so as to jointly safeguard the values of freedom and democracy and uphold the rules-based international order, demonstrating to the world Taiwan’s determination to defend democracy. 

    MIL OSI Asia Pacific News –

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

    Source: Republic of China Taiwan 3

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

    October 14, 2024  

    Commenting on China’s joint military drills around Taiwan during an interview with the press on October 14, Japanese Prime Minister Shigeru Ishiba pointed out that peace and security in and around the Taiwan Strait were an extremely important issue to the region. He stated that Japan would carefully monitor the situation and prepare to respond to any development.
     
    The Ministry of Foreign Affairs (MOFA) affirms and appreciates Prime Minister Ishiba’s public expression of great concern and support for peace and stability across the Taiwan Strait immediately after China launched military drills around Taiwan.
     
    Also on October 14, Japanese Minister for Foreign Affairs Takeshi Iwaya and Minister of Defense Gen Nakatani stressed the importance of cross-strait peace to regional security and stability and stated that they would closely monitor the situation and remain vigilant concerning related developments.
     
    Maintaining cross-strait peace and stability is a matter of international consensus. China’s repeated use of pretexts to suppress and intimidate Taiwan has undermined peace and stability across the Taiwan Strait and in the Indo-Pacific. MOFA again urges China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. For its part, Taiwan will continue to enhance its self-defense capabilities and work with the United States, Japan, and other like-minded partners to safeguard the rules-based international order.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    October 14, 2024   

    The US State Department issued a press statement on October 13 stating that the United States was seriously concerned by the People’s Liberation Army (PLA) joint military drills in the Taiwan Strait and around Taiwan, and that the People’s Republic of China (PRC) responding with military provocations to a routine annual speech was unwarranted and risked escalation. In the statement, the United States called on the PRC to act with restraint and to avoid any further actions that may undermine peace and stability across the Taiwan Strait and the region. The statement added that the United States would continue to monitor China’s activities and coordinate with allies and partners regarding their shared concerns.
     
    US Secretary of State Antony Blinken last week publicly emphasized that Taiwan’s National Day address was a routine activity and that China should not use the event as a pretext for engaging in any provocative actions. The Ministry of Foreign Affairs (MOFA) conveys its sincere appreciation to the United States for expressing its serious concerns and reaffirming its security commitments to Taiwan, and for once again focusing attention on the PLA as it uses a routine speech to justify launching military acts of harassment against Taiwan.
     
    MOFA emphasizes that China’s use of President Lai Ching-te’s National Day address as a pretext for applying military pressure on Taiwan and issuing a slew of threatening remarks is a grave violation of the fundamental spirit of the United Nations Charter. Such actions will not only fail to gain the endorsement of the international community, but rather prompt countries to express heightened concern over China’s provocative behavior that disrupts the status quo. MOFA calls on like-minded allies and partners to jointly press China to exercise self-restraint and to cease its intimidation of Taiwan and all activities that undermine peace and stability across the Taiwan Strait and throughout the region.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    October 15, 2024  

    The UK Foreign, Commonwealth and Development Office issued a press statement on October 14 expressing concern over China’s military exercises around Taiwan and adding that these exercises increased tensions and risked dangerous escalation in the Taiwan Strait. In the statement, the United Kingdom reaffirmed its interest in peace and stability in the Taiwan Strait, which it said was of critical importance to global prosperity. The statement reiterated that the Taiwan issue should be settled by people on both sides of the Taiwan Strait through dialogue, without the threat or use of force or coercion. It further said that the United Kingdom did not support any unilateral attempts to change the status quo and called for restraint and the avoidance of any actions that might undermine peace and stability.
     
    The Ministry of Foreign Affairs sincerely appreciates that the UK government has continued to pay close attention to developments across the Taiwan Strait and clearly spelled out the importance of cross-strait peace and stability to global affairs. As a responsible member of the international community, Taiwan will continue to work with like-minded partners to jointly safeguard the rules-based international order. It also hopes that democracies around the world will stand together in urging China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. 

    MIL OSI Asia Pacific News –

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

    Source: Republic of China Taiwan 3

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

    October 16, 2024In response to a question from the media on October 16, a spokesperson for the Australian Department of Foreign Affairs and Trade said that Australia was deeply concerned that China had commenced large-scale military exercises around Taiwan and that Australia urged China to refrain from actions that increased the risk of accident and potential escalation. The spokesperson added that differences should be resolved through dialogue, not the threat of force or coercion, and that peace and stability across the Taiwan Strait were in the interests of all parties. The Ministry of Foreign Affairs (MOFA) sincerely thanks the government of Australia for paying close attention to the Taiwan Strait situation, calling on China to show restraint, and underscoring the importance of cross-strait peace and stability. Taiwan will continue to work with Australia and other like-minded partners to uphold the rules-based international order and advance regional peace, stability, and prosperity.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Source: Republic of China Taiwan 3

    Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Date：2024-10-17
    Data Source：Department of North American Affairs

    October 17, 2024 
    No. 355

    At the invitation of the Global Taiwan Institute (GTI), a think tank based in Washington, DC, Minister of Foreign Affairs Lin Chia-lung delivered a keynote address via a prerecorded video at its annual symposium held on October 16. He discussed the grave challenges authoritarian coalitions and expansionism pose to the international order and commended the United States for creating a strong and mutually reinforcing latticework of alliances. He said that Taiwan, as an indispensable member of the international community, hoped to promote integrated diplomacy and work with the United States to respond to a variety of challenges. 
     
    Minister Lin explained how China was ramping up military intimidation against Taiwan, in addition to legal, public opinion, and cognitive warfare. He indicated that China was deliberately using gray-zone tactics in an attempt to create a new normal across the Taiwan Strait, which seriously jeopardized peace and stability across the Taiwan Strait and the region. Minister Lin thanked the United States for its staunch commitment to supporting Taiwan’s security, as reflected in such assistance as foreign military financing and presidential drawdown authority in recent years. He affirmed that Taiwan had also been steadily increasing its defense budget as well as whole-of-society defense resilience and defense capabilities. 
     
    Minister Lin stated that the core of integrated diplomacy was the promotion of economic and trade partnerships based on mutual prosperity. He anticipated that through the Economic Prosperity Partnership Dialogue and other platforms Taiwan and the United States would continue to increase supply chain resilience and cooperation in critical areas. He noted that in line with the one plus one equals three concept, Taiwan and the United States could jointly facilitate development in third countries. He added that under the Global Cooperation and Training Framework cooperation with other nations could be expanded to respond to global issues and challenges, paving the way for Taiwan’s policy shift from consolidating diplomatic ties to bolstering the prosperity of diplomatic allies. Emphasizing that Taiwan needed the world and the world needed Taiwan, Minister Lin said that Taiwan would continue to work closely with the United States, allies, and partners to implement integrated diplomacy and expand Taiwan’s international presence. 
     
    GTI was the first think tank in Washington, DC, to focus on Taiwan-related research. The theme of this year’s symposium was “US-Taiwan Relations: An Ironclad Partnership in a Period of Global Disruption.” It explored Taiwan-US defense and security cooperation, the US elections, China’s gray-zone threats, and geopolitical security issues. (E)

    MIL OSI Asia Pacific News –

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

    Source: Republic of China Taiwan 3

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

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

    October 17, 2024 
    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.
     
    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.
     
    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 
     
    TECC in Mumbai contact information: 
    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India
    Telephone: +91-22-48943005 / +91-22-48943006
    Emergency hotline: +91-8850842243
    Email: bom@mofa.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at MaGESpire Game On! 2024 (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at MaGESpire Game On! 2024 today (October 22):

    Distinguished guests, ladies and gentlemen,

         I am honoured to join you today at MaGESpire Game On! 2024. This event unites innovators, technology enthusiasts, and industry leaders to explore the evolving landscape of technology and its role in shaping our modern economy. Together, we will examine the synergies between the financial services, technology, and virtual asset sectors as we forge our future. As many of you, the pioneers of Web3, know, Hong Kong is rapidly establishing itself as a global hub for virtual assets. We can encapsulate this progress with our “web” of three focuses: a warehouse of talent and investment, the evolution of money and technology, and a breakthrough to establish a new fintech innovation ecosystem.

    Warehouse of talent and investment

         In recent years, the Web3 industry has emerged as a transformative force in the global economy, reshaping the financial services landscape and creating new opportunities. I am proud to say that Hong Kong has become a magnet for talent and investment, with over 220 Web3 companies from more than 20 countries setting up operations in our vibrant city. These include key players in virtual asset exchanges, blockchain infrastructure, network security, and payment sectors. This influx of innovation underscores the supportive environment we are cultivating.

         With the rise of virtual assets, the intersection of innovative technology and financial services presents unique opportunities for economic growth. In October 2022, we issued a Policy Statement on the Development of Virtual Assets in Hong Kong, outlining our vision and policy direction. We recognise that innovation must thrive within a robust regulatory framework that ensures the security and stability of our financial ecosystem. In 2023, we introduced a licensing regime for virtual asset service providers, granting them the credibility needed to access a broader base of investors in Hong Kong. Currently, we have three licensed providers and 11 applicants in the pipeline, reinforcing our commitment to a well-regulated market.

         Looking ahead, we plan to amend regulations further, including bringing over-the-counter trading of virtual assets and virtual asset custodian service providers under our regulatory purview. We are also establishing a regulatory regime for stablecoin issuers, and the Hong Kong Monetary Authority (HKMA) has launched a sandbox for institutions to test their operational plans. These initiatives ensure that our regulatory framework remains comprehensive and responsive to the fast-changing landscape of the virtual assets sector.

         A landmark achievement for Hong Kong was the launch of the first spot Bitcoin and Ether exchange-traded funds (ETFs) in Asia this past April, positioning us to capture the benefits of these underlying technologies. The listing of virtual asset spot ETFs represents a significant milestone in Hong Kong’s ETF market development, driving innovation and economic growth for all.

    Evolution of money and technology

         The Government acknowledges the critical importance of advancements in digital money. A recent market study revealed that around 90 per cent of the world’s central banks and 134 countries are currently exploring central bank digital currencies (CBDCs). A particularly exciting development in our fintech landscape is the progression of CBDCs. In March of this year, the HKMA announced Project Ensemble, an initiative focusing on a wholesale central bank digital currency (wCBDC) to support the tokenisation market in Hong Kong. We remain committed to developing innovative financial market infrastructures that enable interbank settlements of tokenised money through wCBDC.

         In recent months, we have made substantial strides in cultivating a vibrant ecosystem for fintech innovation. Our multi-pronged approach includes expanding the cross-boundary e-CNY pilot programme to provide safe and convenient retail payment solutions for residents in both regions, as well as commencing Phase 2 of the e-HKD Pilot Programme to explore innovative use cases for new forms of digital currency, including e-HKD and tokenised deposits. These initiatives reflect our dedication to enhancing financial connectivity and driving technological advancement in Hong Kong.

    Breakthrough to establish a new fintech innovation ecosystem

         Across various industries, we are witnessing a significant uptick in the adoption of artificial intelligence (AI) in business operations. Companies are increasingly leveraging AI across multiple facets of their operations. A market report indicates that many regions are making significant progress in adopting Generative Artificial Intelligence (GenAI).

         The development of AI has become a major global trend. As an international financial centre with a robust capital market, Hong Kong attracts the world’s top financial institutions and talent, providing professional financial services that capitalise on this exciting opportunity. According to the latest Global Financial Centres Index, Hong Kong ranks ninth in fintech offerings, placing us among the top 10 fintech hubs globally. This year, we launched the GenAI Sandbox in August, empowering banks to pilot innovative GenAI use cases within a risk-managed framework, supported by essential technical assistance and targeted supervisory feedback. As announced last week in the 2024 Policy Address, we will issue a policy statement outlining our policy stance to the application of AI in financial markets, as well as promoting real-world asset tokenisation and developing a digital money ecosystem.

         In closing, I want to emphasise that the future of the fintech sector is bright, presenting tremendous opportunities. For example, the tokenised asset market is projected to reach US$30 trillion by 2034. As we gather here today, I urge all of you – our Web3 investors – to collaborate and share ideas. You are the architects of a future filled with limitless possibilities. Together, we can explore the potential of the Web3 market and develop innovative business models.

         As we embark on this exciting journey, our collaborative efforts will undoubtedly create a thriving virtual asset ecosystem and contribute to Hong Kong’s financial innovation. I look forward to witnessing the remarkable ideas and projects that will emerge from this event. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Expansion of Residential Care Services Scheme in Guangdong announced

    Source: Hong Kong Government special administrative region

    Expansion of Residential Care Services Scheme in Guangdong announced
    Expansion of Residential Care Services Scheme in Guangdong announced
    ********************************************************************

         The Social Welfare Department (SWD) announced today (October 22) that seven additional residential care homes for the elderly (RCHEs) (among which five are operated by Mainland organisations and two are operated under a partnership formed by Hong Kong organisations and Mainland elderly service operators), located in Guangzhou, Foshan and Zhongshan respectively, will become Recognised Service Providers under the Residential Care Services Scheme in Guangdong starting from November 1 to provide subsidised care and attention places for elderly persons joining the Scheme.           The information of the additional RCHEs is as follows: 

     
    Name of RCHEs
    Location of RCHEs

    Guangzhou

    1.  
    Home For The Aged Nansha (Yinian Medical Senior Citizen) 
    North Side of Qilin Middle School, Huangge Town, Nansha District, Guangzhou 

    2.
    Yishou Enjoylife Elderly Care Guangdong Guangzhou Luhujiazhanghui Nursing Home Branch 
    64-1 Hengzhigang Road, Yuexiu District, Guangzhou 

    ​3. 
    Guangzhou Tianyue Hexihui Home for the Elderly
    6 Renrui New Street, Pazhou, Haizhu District, Guangzhou 

    4. 
    Guangzhou Chunxuanmao Chenchong Senior Living Service Co, Ltd(Operated under the partnership formed by The Lok Sin Tong Benevolent Society Kowloon and a Mainland elderly service operator)
    200 Chenchong Road, Panyu District, Guangzhou

    Foshan

    ​5.
    Foshan Canopusland Co, Ltd
    24 North Fenjiang Road, Chancheng District, Foshan 

    6. 
    Hetai Center(Operated under the partnership formed by Jane’s Home Limited and a Mainland elderly service operator) 
    3 Shuiyun Road, Junlan Community, Beijiao Town, Shunde District, Foshan

    Zhongshan

    7.
    Zhongshan Torch Development Zone Yikang Senior Services Center 
    Qiguan East Road, Torch Development Zone, Zhongshan 

         Taking into account the two RCHEs in Shenzhen, one in Foshan and one in Zhaoqing, the total number of RCHEs registered under the Scheme will increase to 11 in five Mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to provide more choices for the elderly who are interested in retiring in Mainland cities in the GBA.           Details of the Scheme are available at the SWD website (www.swd.gov.hk/en/pubsvc/elderly/cat_residentcare/subrcheplace/guangdong/index.html).

     
    Ends/Tuesday, October 22, 2024Issued at HKT 14:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 14 building plans approved in August

    Source: Hong Kong Government special administrative region

    14 building plans approved in August
    14 building plans approved in August
    ************************************

         The Buildings Department approved 14 building plans in August, with four on Hong Kong Island, six in Kowloon and four in the New Territories.     Of the approved plans, eight were for apartment and apartment/commercial developments, two were for commercial developments, and four were for community services developments.     In the same month, consent was given for works to start on 10 building projects which, when completed, will provide 64 505 square metres of gross floor area for domestic use involving 1 502 units, and 38 346 sq m of gross floor area for non-domestic use. The department has received notification of commencement of superstructure works for three building projects.     The department also issued 15 occupation permits, with two on Hong Kong Island, five in Kowloon and eight in the New Territories.     Of the buildings certified for occupation, the gross floor area for domestic use was 69 576 sq m involving 2 319 units, and 18 417 sq m was for non-domestic use.     The declared cost of new buildings completed in August totalled about $3.3 billion.     In addition, four demolition consents were issued.     The department received 2 409 reports about unauthorised building works (UBWs) in August and issued 702 removal orders on UBWs.     The full version of the Monthly Digest for August can be viewed on the Buildings Department’s homepage (www.bd.gov.hk).

     
    Ends/Tuesday, October 22, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Black Gold Exploration Expands Acreage in Joint Venture with LGX Energy

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, British Columbia, Canada, Oct. 22, 2024 (GLOBE NEWSWIRE) — BGX – Black Gold Exploration Corp. (“Black Gold” or the “Company”) (CSE: BGX) (FSE: P30) is pleased to announce the addition of 822 acres to the package of oil, gas and mineral leases in Clay County and Vigo County, Indiana that are subject to its ongoing joint venture with LGX Energy Corp. (“LGX”), bringing the total leased acreage subject to the JV to 911.9 acres (the “Leases”). When originally announced on August 7, 2024, the leased land package covered only 89.9 acres. This additional land package highlights LGX’s confidence in the JV and sets the stage for a strong long-term working relationship between the parties and success in these regions. The added acreage also strengthens Black Gold’s indirect foothold in one of the most promising oil-producing regions in the Midwest, where LGX is currently producing and is actively engaged in further exploration efforts.

    The acreage is strategically located near LGX’s existing production assets. LGX is utilizing its extensive proprietary 2D seismic data and has now initiated advanced 3D seismic exploration to identify high-potential drilling sites on the Leases, with the goal of significantly boosting oil and gas output in these key counties.

    Oil and Strategic U.S. Investment Opportunities

    With the ongoing conflict in the Middle East, the demand for stable and secure energy sources has intensified. The robust infrastructure in Clay County and Vigo County, combined with LGX’s advanced seismic technology, uniquely positions Black Gold’s joint venture with LGX to take advantage of immediate production opportunities while also setting the stage for future exploration growth. In a volatile energy market, this strategic focus on established regions highlights the potential for sustained returns and enhanced energy security, making it an appealing choice for stakeholders navigating the evolving energy landscape.

    “We are very excited with the larger lease holdings land parcel that LGX Energy Corp. has secured for our joint venture. This acquisition reinforces our commitment to providing stable, domestic energy sources in a market impacted by global instability. We hope that LGX’s advanced exploration efforts with 3D Seismic technology will ensure that we continue to identify high-potential drilling locations,” said Franciso Gulisiano, CEO of Black Gold.

    On behalf of the Company, 
    Francisco Gulisano 
    236-266-5174 
    Chief Executive Officer

    About Us

    BGX – Black Gold Exploration Corp. (CSE: BGX) (FRE: P30) is an oil and gas exploration company dedicated to creating shareholder value through the acquisition, exploration and development of oil and gas projects. BGX currently has assets in Argentina and the United States. For more information visit: https://www.bgxcorp.com.

    Forward-Looking Statements 

     

    The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to statements respecting: (i) the additional leases setting the stage for a strong long-term working relationship with LGX and strengthening Black Gold’s foothold in one of the most promising oil-producing regions in the Midwest; (ii) the identification of drill targets through 2D and 3D seismic exploration at the Clay and Vigo County properties and the goal of same; (iii) the intensification of demand for stable and secure energy sources; (iv) the Company being positioned to take advantage of immediate production opportunities while also setting the stage for future exploration growth; (v) the potential for sustained returns and enhanced energy security; (vi) the Company’s commitment to providing stable, domestic energy sources in a market impacted by global instability; and (vii) the Company’s strategic focus making it an appealing choice for stakeholders navigating the evolving energy landscape. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. For a comprehensive overview of all risks that may impact the Company, please see the Company’s continuous disclosure documents filed on SEDAR+.

    Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.

    The MIL Network –

  • MIL-OSI Asia-Pac: Public rental housing applicant sentenced to imprisonment for making false statement

    Source: Hong Kong Government special administrative region

    Public rental housing applicant sentenced to imprisonment for making false statement
    Public rental housing applicant sentenced to imprisonment for making false statement
    ************************************************************************************

         A public rental housing (PRH) tenant was sentenced to a total of 30 days’ imprisonment for not declaring Hong Kong domestic property ownership in the PRH application, contrary to the Housing Ordinance. The PRH unit concerned has been recovered.       A spokesman for the Housing Department (HD) today (October 22) reminded PRH residents and applicants to truthfully declare their income and assets.     The PRH tenant did not declare her ownership of domestic property in Hong Kong in two declaration forms submitted to the HD in 2018 and 2019 for PRH application, and thereby succeeded in obtaining a PRH unit in Shek Mun Estate. Subsequent investigation revealed that she owned a domestic property in Yuen Long and she would not be eligible for PRH application.     The tenant was prosecuted by the HD for knowingly making a false statement in respect of her PRH application, contrary to Section 26(1)(c) of the Housing Ordinance. She was convicted in the Shatin Magistrates’ Courts earlier and was adjourned for sentence yesterday. Having considered the gravity of the offence and the precious PRH resources involved, the presiding magistrate considered that it was not suitable to make a community service order. She was sentenced ­to 20 days’ imprisonment for each of the two summonses, with 10 days to be run concurrently. Thus, she was sentenced to a total of 30 days’ imprisonment. Additionally, the HD recovered the PRH unit in May this year.     The spokesman reminded all PRH applicants that if they were convicted by the court for making false statement knowingly during PRH application, contrary to Section 26(1)(c) of the Housing Ordinance, the maximum penalty is a fine of $50,000 and imprisonment for six months. The PRH application concerned will be cancelled, while any allocated PRH unit will be recovered by the HD.     The spokesman reiterated that, in general, the public recognises the HD’s efforts in combating the abuse of public housing resources. The HD will continue to adopt multipronged and risk-based measures to comprehensively combat the abuse of PRH. 

     
    Ends/Tuesday, October 22, 2024Issued at HKT 15:30

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    MIL OSI Asia Pacific News –

  • MIL-Evening Report: 4,300 tonnes of space junk and rising: another satellite breakup adds to orbital debris woes

    Source: The Conversation (Au and NZ) – By Sara Webb, Lecturer, Centre for Astrophysics and Supercomputing, Swinburne University of Technology

    Intelsat

    A large communications satellite has broken up in orbit, affecting users in Europe, Central Africa, the Middle East, Asia and Australia, and adding to the growing swarm of space junk clouding our planet’s neighbourhood.

    The Intelsat 33e satellite provided broadband communication from a point some 35,000km above the Indian Ocean, in a geostationary orbit around the equator.

    Initial reports on October 20 said Intelsat 33e had experienced a sudden power loss. Hours later, US Space Forces-Space confirmed the satellite appears to have broken up into at least 20 pieces.

    So what happened? And is this a sign of things to come as more and more satellites head into orbit?

    A space whodunnit

    There are no confirmed reports about what caused the breakup of Intelsat 33e. However, it is not the first event of its kind.

    In the past we’ve seen deliberate satellite destructions, accidental collisions, and loss of satellites due to increased solar activity.

    What we do know is that Intelsat 33e has a history of issues while in orbit. Designed and manufactured by Boeing, the satellite was launched in August 2016.

    In 2017, the satellite reached its desired orbit three months later than anticipated, due to a reported issue with its primary thruster, which controls its altitude and acceleration.

    More propulsion troubles emerged when the satellite performed something called a station keeping activity, which keeps it at the right altitude. It was burning more fuel than expected, which meant its mission would end around 3.5 years early, in 2027. Intelsat lodged a US$78 million insurance claim as a result of these problems.

    However, at the time of its breakup, the satellite was reportedly not insured.

    Intelsat is investigating what went wrong, but we may never know exactly what caused the satellite to fragment. We do know another Intelsat satellite of the same model, a Boeing-built EpicNG 702 MP, failed in 2019.

    More importantly, we can learn from the aftermath of the breakup: space junk.

    30 blue whales of space junk

    The amount of debris in orbit around Earth is increasing rapidly. The European Space Agency (ESA) estimates there are more than 40,000 pieces larger than 10cm in orbit, and more than 130,000,000 smaller than 1cm.

    The total mass of human-made space objects in Earth orbit is some 13,000 tonnes. That’s about the same mass as 90 adult male blue whales. About one third of this mass is debris (4,300 tonnes), mostly in the form of leftover rocket bodies.

    Tracking and identifying space debris is a challenging task. At higher altitudes, such as Intelsat 33e’s orbit around 35,000km up, we can only see objects above a certain size.

    Visualisation of debris around the Earth.

    One of the most concerning things about the loss of Intelsat 33e is that the breakup likely produced debris that is too small for us to see from ground level with current facilities.

    The past few months have seen a string of uncontrolled breakups of decommissioned and abandoned objects in orbit.

    In June, the RESURS-P1 satellite fractured in low Earth orbit (an altitude of around 470km), creating more than 100 trackable pieces of debris. This event also likely created many more pieces of debris too small to be tracked.

    In July, another decommissioned satellite – the Defense Meteorological Satellite Program (DMSP) 5D-2 F8 spacecraft – broke up. In August, the upper stage of a Long March 6A (CZ-6A) rocket fragmented, creating at least 283 pieces of trackable debris, and potentially hundreds of thousands of untrackable fragments.

    It is not yet known whether this most recent event will affect other objects in orbit. This is where continuous monitoring of the sky becomes vital, to understand these complex space debris environments.

    Who is responsible?

    When space debris is created, who is responsible for cleaning it up or monitoring it?

    In principle, the country that launched the object into space has the burden of responsibility where fault can be proved. This was explored in the 1972 Convention of International Liability for Damage Caused by Space Objects.

    In practice, there is often little accountability. The first fine over space debris was issued in 2023 by the US Federal Communications Commission.

    It’s not clear whether a similar fine will be issued in the case of Intelsat 33e.

    Looking ahead

    As the human use of space accelerates, Earth orbit is growing increasingly crowded. To manage the hazards of orbital debris, we will need continuous monitoring and improved tracking technology alongside deliberate efforts to minimise the amount of debris.

    Most satellites are much closer to Earth than Intelsat 33e. Often these low Earth orbit satellites can be safely brought down from orbit (or “de-orbited”) at the end of their missions without creating space debris, especially with a bit of forward planning.

    In September, ESA’s Cluster 2 “Salsa” satellite was de-orbited with a targeted re-entry into Earth’s atmosphere, burning up safely.

    Of course, the bigger the space object, the more debris it can produce. NASA’s Orbital Debris Program Office calculated the International Space Station would produce more than 220 million debris fragments if it broke up in orbit, for example.

    Accordingly, planning for de-orbiting of the station (ISS) at the end of its operational life in 2030 is now well underway, with the contract awarded to SpaceX.

    Christopher Fluke works for Swinburne University of Technology. He has previously received funding from the SmartSat CRC, including funding to support a research collaboration with CGI Australia (Space, Defence and Intelligence). He is a member of the International Astronomical Union.

    Sara Webb and Tallulah Waterson do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. 4,300 tonnes of space junk and rising: another satellite breakup adds to orbital debris woes – https://theconversation.com/4-300-tonnes-of-space-junk-and-rising-another-satellite-breakup-adds-to-orbital-debris-woes-241790

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Global: Paper mills: the ‘cartel-like’ companies behind fraudulent scientific journals

    Source: The Conversation – Indonesia – By Rizqy Amelia Zein, Lecturer in Social Psychology, Universitas Airlangga

    Science and Nature, two leading science journals, have revealed a growing problem: an alarming rise in fraudulent research papers produced by shady paper mill companies. This wave of fake studies is creating a major headache for the academic world, putting the integrity of global academic research at risk.

    Paper mill companies offer authorship services to researchers, academics, and students who want their names listed as an author of a scientific article published in reputable scientific journals.

    By paying around €180 to €5000 (approximately US$197 – $5472), a person can have their name listed as the author of research paper, without having to painstakingly do research and write the results. No doubt, some experts refer to these paper mills as illegal and criminal organizations.

    A 2023 research highlights a dramatic increase in fraudulent scientific artiles traced back to paper mills. In just five years, the numbers of retractions soared jumped from 10 in 2019 to 2,099 in 2023.

    Paper mills have also extremely overwhelmed major scientific journal publishers. Hindawi and Wiley, publishers of open access journals in the UK, for example, retracted around 1,200 paper mill articles in 2023. SAGE, a global publisher of books, journals and academic library resources and Elsevier, a scholarly publisher in the Netherlands also retracted hundreds of paper mill articles in 2022.

    Paper mills are found operating in countries whose research policies incentivise researchers to produce as many scientific articles as possible, such as China, Russia, India and Iran.

    However, their customer profile is quite diverse, from both developed and developing countries, including Indonesia, Malaysia, Germany, and the United States (US).

    Based on research data and investigative journalist reports from the last five years, I summarise how these paper mills operate and how to detect them.

    The paper mill playbook: tactics and oddities

    1. Problematic articles

    Paper mills generally manipulate the process of publishing scientific articles. These articles usually plagiarise other published articles, contain false and stolen data, or include engineered and duplicated images.

    They also offer to rewrite scientific articles using generative artificial intelligence tools, such as ChatGPT and Quillbot, or to translate published articles from other languages into English.

    2. A promised path to publication

    In some cases, paper mills offer authorship slots before an article is accepted for publication.

    In other cases, they offer authorship slots after the article is ready to be published by the journal.

    Therefore, it is not uncommon for paper mills to sell authorship slots with a guarantee that the article will definitely be published. In fact, according to the conventions generally accepted in the academic community, no well-run journal can give such a guarantee.

    Publishing decisions are normally made only after editors have considered the feedback from peer reviewers. This means, there is no possibility for a manuscript to secure acceptance before passing the peer review process.

    3. Fake reviews and corrupt deals

    Paper mills also offer a wide range of additional services. For example, they offer fake peer review services to convince potential buyers that the offered articles have passed rigorous review.

    To smooth the way for their operations, some paper mills even operate like a cartel, bribing rogue journal editors to ensure publication. A 2024 investigation by a Science journalist revealed that some scientific journal editors were offered as much as $20,000 to cooperate with these schemes. This investigation resulted in more than 30 editors of reputable international journals identified as involved in paper mill activities.

    4. Unusual collaboration patterns

    One of the peculiarities of paper mill articles is its strange mix of authors. An article on the activity of ground beetles attacking crops in Kazakhstan, for example, is written by authors who are neither affiliated with institutions in Kazakhstan nor experts in insects or agriculture. The authors’ backgrounds are suspiciously heterogeneous, ranging from anaesthesia, dentistry, to biomedical engineering.

    5. Anonymous co-authors

    Prospective customers of paper mill services usually have to agree to the rules of confidentiality. By agreeing to this rule, buyers have no idea which journal their article will target or who their co-authors will be. Often, the authors listed on the same paper don’t even know each other.

    Spotting the red flags: how to detect paper mills articles

    Detecting scientific articles produced by paper mills often begins with analyzing retraction patterns carried out by journals.

    This can be done in two ways: by tracking post-publication peer reviews on platforms like PubPeer, or by checking the Retraction Watch database, a website that documents retractions of problematic scientific articles.

    However, journals rarely state outright that a retraction is due to paper mill fraud. Instead, articles are typically pulled for reasons like improper inclusion of the name and order of authors, inclusion of many irrelevant citations or references, plagiarism, or inclusion of manipulated or duplicated images.

    The proportion of scientific articles retracted for being associated with paper mills is much smaller than the estimated total number of paper mill articles currently in circulation.

    Retraction Watch data, as of May 2024, only recorded 7,275 retractions of articles related to the paper mill out of a total of 44,000 retractions recorded. In fact, it is estimated that up to 400,000 paper mill articles have infiltrated scientific literature over the past two decades.

    Despite significant efforts from publishers and the academic community through organizations such as United2Act, a global alliance initiated by Committee on Publication Ethics (COPE) and STM, these attempts are barely enough.

    How paper mills hurt the public

    The UK Research Integrity Office—an independent UK charity that offers support to the public, researchers and organisations to promote good academic research practice—estimates that the paper mill industry has gained around $10 million globally.

    For example, a Russian paper mill could earn $6.5 million if they sold all the authorship of scientific articles it produced from 2019 to 2021.

    In Indonesia, this financial loss directly impacts the public. Public universities rely on the state budget, funded largely by taxpayers, and tuition fees from students to cover operational expenses, including research grants and publication incentives.

    Though the exact financial toll of these paper mills is hard to pin down, it is clear that the public are footing the bill for fraudulent research practices, siphoning resources away from enuin academic advancements.

    Rizqy Amelia Zein tidak bekerja, menjadi konsultan, memiliki saham, atau menerima dana dari perusahaan atau organisasi mana pun yang akan mengambil untung dari artikel ini, dan telah mengungkapkan bahwa ia tidak memiliki afiliasi selain yang telah disebut di atas.

    – ref. Paper mills: the ‘cartel-like’ companies behind fraudulent scientific journals – https://theconversation.com/paper-mills-the-cartel-like-companies-behind-fraudulent-scientific-journals-230124

    MIL OSI – Global Reports –

  • MIL-OSI Security: Operation Reload 24: Foxtrot Company Ensures Army Readiness Through Dynamic Logistics Training

    Source: United States INDO PACIFIC COMMAND

    Camp Humphreys, South Korea  –  

    Without logistics, the Army can’t move, eat, or fight! Our readiness hinges on the dedicated work of logisticians and sustainers, ensuring we’re prepared to Fight Tonight. From October 16th to 18th, Foxtrot Company of the 6-52 Air Defense Artillery Battalion carried out a field training exercise known as Operation Reload. This exercise focused on convoy movements to deploy to new locations, managing logistics packages (LOGPAC) to resupply our Air Defenders, and executing supply support activities (SSA).

    Under the leadership of Captain Igor Semenov and First Sergeant David Moreno, Foxtrot Company kicked off the exercise with a nighttime convoy from Suwon Air Base to Camp Humphreys. Upon reaching Camp Humphreys, they quickly established their tactical operations center as well as the inflatable satellite antenna (ISA) and implemented 360-degree security using various convoy protection platforms and gun trucks.

    Once the ISA was set up, Fox Company began conducting LOGPAC operations, delivering equipment to the warfighter. Command Sergeant Major Richard Hauser, the senior enlisted advisor of the 6-52 Air Defense Artillery Battalion, visited to evaluate the company and engage with the Soldiers.

    “The biggest takeaway I wanted Soldiers to grasp was the importance of adaptability and seamless coordination across all sections—stock control, issue, receiving, turn-in, and storage—while utilizing the GCSS-Army system using the ISA system while no NIPR system is available. Whether in garrison or a deployed environment, it’s crucial that each Soldier understands how their role impacts the mission as a whole” said Chief Warrant 2 Hyun Ho, SSA Accountable Officer.

    “I was able to impact the mission by performing my duties in my section, supporting other sections, and also performing implied duties, for example, working with SASMO personnel to set up the ISA” said Spc. Hamidou Kaba, logistics specialist.

    In conclusion, Operation Reload not only showcased the critical role of logistics in maintaining Army readiness but also highlighted the dedication and teamwork of Soldiers like those in Foxtrot Company. As they navigated the challenges of convoy movements and logistics operations, the emphasis on adaptability and coordination emerged as vital lessons for all participants. With the guidance of their leaders and the support of experienced personnel, each Soldier gained a deeper understanding of how their contributions directly impact mission success. This exercise reinforces the importance of logistics in ensuring that the Army is always prepared to respond and fight, no matter the circumstances.

    MIL Security OSI –

  • MIL-OSI Security: 1st Cavalry Division Commemorates 80 Years Since the Leyte Landing

    Source: United States INDO PACIFIC COMMAND

    PHILIPPINES  –  

    Brig. Gen. Robert G. Born, deputy commanding general of maneuver for the 1st Cavalry Division, attended the 80th anniversary of the Leyte Landing celebration in Palo, Leyte, Philippines, on Oct. 20, 2024.

    The event commemorated the historic Leyte Landing on Oct. 20, 1944, which liberated the Philippines from Japanese occupation during World War II.

    “This was the first conflict that the 1st Cavalry Division participated in, and we played a huge role,” Born said.

    The division’s actions during this campaign laid the foundation for its reputation and effectiveness in future operations.

    “The 1st Cavalry Division was decisive in seizing the Leyte beachhead,” Born added.

    Following the Leyte Landing, the division’s next mission was to capture an airfield located just a few miles from the landing site.

    Born also emphasized the vital partnership with the people of the Philippines, which contributed to the mission’s success.

    “Not only did they endure the hardships of Japanese occupation, but they also fought valiantly in a counterinsurgency, setting the conditions for success here,” Born said. “It’s evident the appreciation the Filipinos have, as well as the pride in their role in enabling us to be successful in the Philippines.”

    This collaboration was key to the success of the campaign and underscored the importance of unity in military operations.

    “This is where America’s First Team became America’s First Team,” Born said.

    MIL Security OSI –

  • MIL-OSI Asia-Pac: MOEA Clarifies Media Report by MIT Technology Review on Alleged Assistance to Chinese Companies to Evade U.S. Tariffs

    Source: Republic Of China Taiwan 2

    On January 8, foreign media outlet MIT Technology Review inaccurately reported that the Taiwan government would assist Chinese companies in establishing operations in Taiwan to circumvent US tariffs. The Ministry of Economic Affairs (MOEA) regrets that the report was published without prior verification with the ministry. A formal letter has been sent to the media requesting a correction. The MOEA solemnly clarifies that its long-standing efforts have been directed toward assisting Taiwanese enterprises, not Chinese companies as the report incorrectly claimed. In response to the potential imposition of higher tariffs on Chinese products by the new U.S. administration, Minister Kuo has consistently emphasized the ministry’s support for Taiwanese businesses operating in China to relocate their production lines back to Taiwan or to other regions not affected by tariffs, including the United States.

    The MOEA will continue to provide systematic support and resources based on the needs of businesses to help them diversify their investment strategies and build a resilient supply chain. Through the Taiwan Desk and the Connecting the World to Taiwan Policy, the ministry offers investment services to Taiwanese enterprises in eight New Southbound Policy countries, as well as in Japan and the Czech Republic. Additionally, economic divisions stationed in major countries and Taiwan Trade Centers are available to provide further assistance. In response to US policies and to meet the demands of Taiwanese enterprises’ clients, the government will continue to collaborate with the American Institute in Taiwan (AIT) to invite domestic industry associations and enterprises to participate in the 2025 SelectUSA Investment Summit, strengthening their presence in the US market.

    Furthermore, Taiwanese businesses can take advantage of the Three Major Programs for Investing in Taiwan, which facilitate the relocation of high-end production capacity back to Taiwan. The program has been extended to 2027, with revised eligibility criteria to expand coverage to overseas Taiwanese enterprises and foreign-invested companies. The program focuses on five trusted industries, the service sector, and the healthcare industry, with a mandatory requirement for AI applications to enhance the resilience of the supply chain. These measures are designed to encourage the return of Taiwanese businesses from China.

    Spokesperson: MOEA DOIP Deputy Director, Rio Lu
    Tel: (02) 2389-2111 ext. 812
    E-mail: rio@moea.gov.tw

    Contact: MOEA DOIP Section Chief, Chuang Wen-Chang
    Tel: (02) 2389-2111 ext. 110, 0922-007-093
    E-mail: wcchuang@moea.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI: BW Energy: Invitation to Q4 2024 results presentation 31 January  

    Source: GlobeNewswire (MIL-OSI)

    Invitation to Q4 2024 results presentation 31 January  

    BW Energy will release its fourth quarter and preliminary full-year 2024 results on Friday, 31 January at 07:30 CET.  

    A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Brice Morlot and COO Lin G. Espey the same day at 15:00 CET. 

    You can follow the presentation via webcast with supporting slides, available on: 

    Viewer Registration Q4 2024  

    https://events.webcast.no/viewer-registration/RLEuPs34/register 

    Call-in information 

    Participants dial in numbers: 

    DK: +45 7876 8490 

    SE: +46 8 1241 0952 
    NO: +47 2195 6342 
    UK: +44 203 769 6819 
    US: +1 646-787-0157 
    Singapore: 65-3-1591097 
    France: 33-1-81221259 

    PIN code: 980877 

    For further information, please contact:

    ir@bwenergy.no  


    About BW Energy:     

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. BW Energy has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. BW Energy’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil and a 95% interest in the Kudu field in Namibia, all operated by BW Energy, as well as approximately 6.6% (on an undiluted basis) of the common shares of Reconnaissance Energy Africa Ltd. Total net 2P+2C reserves and resources were 580 million barrels of oil equivalent at the start of 2024.  

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI Economics: Result of the 14-day Variable Rate Repo (VRR) auction held on January 24, 2025

    Source: Reserve Bank of India

    Tenor 14-day
    Notified Amount (in ₹ crore) 1,75,000
    Total amount of bids received (in ₹ crore) 1,62,096
    Amount allotted (in ₹ crore) 1,62,096
    Cut off Rate (%) 6.51
    Weighted Average Rate (%) 6.51
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1993

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: New District Officer for Kowloon City assumes office (with photo)

    Source: Hong Kong Government special administrative region

    New District Officer for Kowloon City assumes office (with photo)
    New District Officer for Kowloon City assumes office (with photo)
    *****************************************************************

         ​Mr Ivanhoe Chang will assume the post of District Officer (Kowloon City) tomorrow (January 25), succeeding Miss Alice Choi.      Since joining the Administrative Service in 1995, Mr Chang has served in various bureaux and departments, including the Intellectual Property Department, the Information Services Department, the Constitutional and Mainland Affairs Bureau, the Financial Services and the Treasury Bureau and the Commerce and Economic Development Bureau.      He was the Commissioner for Heritage at the Development Bureau before taking up the new post of District Officer (Kowloon City).

     
    Ends/Friday, January 24, 2025Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Home and Youth Affairs Bureau and Youth Development Commission jointly launch new round of HYAB Funding Scheme for Youth Positive Thinking Activities

    Source: Hong Kong Government special administrative region

    Home and Youth Affairs Bureau and Youth Development Commission jointly launch new round of HYAB Funding Scheme for Youth Positive Thinking Activities
    Home and Youth Affairs Bureau and Youth Development Commission jointly launch new round of HYAB Funding Scheme for Youth Positive Thinking Activities
    ******************************************************************************************

         The Home and Youth Affairs Bureau (HYAB) and the Youth Development Commission (YDC) jointly launched a new round of the HYAB Funding Scheme for Youth Positive Thinking Activities (2025-27) today (January 24). Eligible non-governmental organisations (NGOs) are invited to submit applications.     The Government attaches great importance to youth development. The HYAB and the YDC launched the first round of the Funding Scheme under the Youth Development Fund in late 2022. The Funding Scheme subsidises NGOs to organise projects that are conducive to nurturing young people’s positive thinking, particularly projects which involve cross-sectoral collaboration, or are youth-led that could drive community building. The Funding Scheme aims to promote the awareness of young people’s physical and mental well-being, nurture their positive thinking and cultivate their positive values; and enable them to become a new generation with a sense of responsibility and aspirations, and a willingness to contribute to the development of the country and Hong Kong.     Details of the new round of the Funding Scheme and the application form are available on the YDC website (ydc.gov.hk/en/programmes/positive/positive.html). Interested NGOs should submit their applications on or before noon on March 7.

     
    Ends/Friday, January 24, 2025Issued at HKT 15:12

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Labour Department investigates fatal work accident in Fo Tan

    Source: Hong Kong Government special administrative region

    Labour Department investigates fatal work accident in Fo Tan
    Labour Department investigates fatal work accident in Fo Tan
    ************************************************************

         The Labour Department (LD) is investigating a fatal work accident that happened in Fo Tan this afternoon (January 24), in which a man died.     The LD immediately deployed staff to the scene upon receiving a report of the accident, and is now conducting an investigation to look into its cause.

     
    Ends/Friday, January 24, 2025Issued at HKT 15:12

    NNNN

    MIL OSI Asia Pacific News –