NewzIntel.com

Category: Asia

  • MIL-OSI Asia-Pac: Speech by FS at welcome dinner for Standard Chartered Private Bank Global Family Network 2024

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at the welcome dinner for the Standard Chartered Private Bank Global Family Network 2024 today (October 15):Bill (Group Chief Executive, Standard Chartered, Mr Bill Winters), Ben (President, International, Standard Chartered, Mr Benjamin Hung), Mary (Chief Executive Officer, Hong Kong and Greater China & North Asia, Standard Chartered, Ms Mary Huen), distinguished guests, ladies and gentlemen,     Good evening. I am very pleased to join you all at this welcome dinner for Standard Chartered’s inaugural flagship Global Family Network Forum, bringing together influential families from across Asia, the Middle East and Europe.     First of all, I wish to extend our warmest welcome to you all to Hong Kong. You’ve chosen a wonderful time to visit, with the perfect autumn weather gracing our city. International asset and wealth management hub     Hong Kong is Asia’s leading international financial centre and asset and wealth management hub. Just now, Mary has already given you a good idea of the scale of assets under management and the number of family offices in this city. Let me supplement that many asset and wealth management firms are expanding their presence in Hong Kong. They include, of course, Standard Chartered. And no less optimistic are other prominent firms like UBS. Its Chief Executive commented in June this year that Hong Kong might well become the world’s first in the asset management business by 2027.      A world of ultra-high-net-worth families and individuals have gathered in Hong Kong for a good reason. For you can place your wealth, here for good. Unique strengths under “one country, two systems”      Hong Kong, after all, has very strong fundamentals. Our unique strength is the “one country, two systems” arrangement. While being part of China, we preserve all the defining characteristics that make this city unique: practising common law with a judiciary exercising powers independently; maintaining free flow of capital, goods, people and information; a low and simple tax system, and a currency pegged to the US dollar.     As President Xi Jinping made clear on various occasions, this arrangement is here to stay for the long term.Staunch support from the country      Indeed, Hong Kong always enjoys staunch support from the Central Government. Over the years, the central authorities have rolled out highly favourable policies that benefit the city’s progress and advancement. This is well illustrated in our financial market development. In April this year, for instance, the CSRC (China Securities Regulatory Commission) announced a series of measures to boost Hong Kong’s capital market. That included injecting more liquidity into the Southbound Connect with Hong Kong, and supporting leading Mainland enterprises to list on our stock exchange. Now, over 100 such companies are in the queue for listing in Hong Kong. Diverse investment offerings and opportunities      Above all, the prime value proposition of Hong Kong for family offices is the diverse array of investment offerings and opportunities we offer.      Speaking of our stock market, it is home to over 2 600 companies with a capitalisation of over US$4.6 trillion. Over the years, we have engaged in listing reforms, facilitating such companies from the new economy, biotech and hard-tech sectors to list on our stock exchange, and thus enlarging our pool of quality issuers.      No less vibrant is the bond market. Hong Kong ranked first in the world for 16 years in terms of international bond issuance arranged by Asian institutions. Last year, around US$90 billion of such bonds were issued, accounting for about a quarter of the market. We are also the hub for Renminbi bonds, including sovereign bonds issued by the central authorities as well as those by provincial and municipal governments.     Hong Kong offers a wide range of financial products that suit impact investors. For example, as Asia’s leading green finance hub, we have on average issued over US$63 billion in green bonds and debt annually over the past three years, accounting for more than one-third of Asia’s total. Over 230 ESG (environmental, social and governance) funds have been authorised by our Securities and Futures Commission, managing approximately US$170 billion in assets.      A rich array of investment products and professional services are underpinning a burgeoning ecosystem for families and their offices here in Hong Kong. The Government has rolled out a package of policies, including tax concessions to family-owned investment holding vehicles managed by single family offices in the city. This year, we have also established a Network of Family Office Service Providers comprising private banks, accounting and legal firms, trusts and other professional service firms, forming a strong nexus that cater to your needs. Recent rally in our stock market     Speaking of investment, you may have noticed the recent rally in our stock market since the central authorities announced a stimulus package to inject liquidity to the banking sector and to provide more support to the real estate sector. Over this period, we have seen strong net buys from American and European investors, and they constituted some 85 per cent of the buy side by value. In terms of the background of those investors, 90 per cent of them are long-term fund managers and investment banks.     In January this year, when I visited Davos to attend the World Economic Forum, I met some investors and fund managers. The message I got from them then was clear – despite geo-economic fragmentation, the world of international investors remained interested in the opportunities of the Mainland market. They have long been waiting for the right time to invest here. Now, they are seeing the opportunity.      And beyond investors from the US and Europe, there is growing interest from our Middle East friends. For example, later this month, two ETFs (exchange-traded funds) will be listed on the Saudi Exchange for investing in our stock market. Making a lasting impact with Hong Kong      Ladies and gentlemen, most if not all, family offices aim for more than just financial returns. They care about the collective good of our society and the planet.      To promote and support philanthropy endeavours, the annual Wealth for Good Summit held in Hong Kong since last year successfully brought together influential family office owners and decision-makers to explore strategies for effective philanthropy and wealth legacy. We will soon launch an “Impact Link” platform to foster the connection between family offices and high-potential, high-social impact philanthropy programmes.     There is also one important dimension of impact investing that I should not miss: innovation and technology. We are home to a vibrant, energetic and promising innovation circle, with many innovators from around the world who gather in Hong Kong, acting to change the world for the better, in AI (artificial intelligence), biotech, green tech, and many more areas. Many of these start-ups are based in our two innovation flagships, the Science Park and Cyberport. They have a global vision, and present valuable opportunities for investment. For instance, one start-up from Science Park has developed geospatial and sensory technologies for precision farming, helping farmers around the world to increase crop yield. Another start-up has developed 3D-printed reef tiles to help restore coral reefs and thus increase regional carbon sequestration capacity. The firm has now expanded to the Middle East.Closing remarks     Ladies and gentlemen, in a nutshell, Hong Kong is where you can conserve and grow your wealth across generations. I believe the speakers at the forum tomorrow will further enlighten us with their valuable insights.      For now, please enjoy this good evening, and I wish you all a rewarding event tomorrow and an enjoyable experience in Hong Kong. Thank you very much. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: GITEX Editions makes its debut to redefine global power tech domination

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

    DUBAI, United Arab Emirates, October 15, 2024/APO Group/ —

    The all-new GITEX Editions got underway on the opening day of GITEX GLOBAL (www.GITEX.com) as discussions focused on accelerating the growth of global late-stage advanced tech companies.

    The latest addition to the packed schedule comes at a vital time where statistics (https://apo-opa.co/3Ab4gaZ) showed there were more than 1,000 unicorns around the world in 2023. This week’s showcase will help support the next development while bringing together 59 top global unicorns with a combined valuation of $400 billion. The impressive list to have gathered includes Axelera, DeepL Synthesis AI, and Insilico Medicine.

    In one of the sessions, the Founder and CEO of digital health unicorn Insilico Medicine, Dr. Alex Zhavoronkov joined Tamer Elhamy, Chief Partner Officer of Microsoft Middle East to discuss the importance of Merger and Acquisitions (M&A) and how AI companies are making their foundational models work smarter for enterprises.

    The audience heard that the Middle East region is leading the way with digitalisation with more than 300 deals related to M&A completed in the first half of 2024 with half of those led by the UAE.

    Scaling GCC business globally

    The staging of GITEX Editions aligns with Dubai’s ambition to be the home of 30 startup unicorns by 2030 as the emirate continues to transform itself from a regional to a global entrepreneurship hub and support its digital ambitions. Today, Dubai is embarking on its journey with 40% of MENA’s scaleups already based in the emirate (https://apo-opa.co/3Y7Y3EF).

    To help nurture the growth of tomorrow’s giants in the GCC region, Harrison Lung, Group Chief Strategy Officer of e& was joined by Tanuja Randery, Managing Director, Europe, Middle East and Africa of Amazon Web Services (AWS) in an insightful session that focused on the importance of collaboration.

    Harrison Lung explained the importance of joining hands to forge stronger alliances. He said: “For us, it’s more about a transformation towards a global technology company. In the areas of partnering, the idea is to develop a win-win proposition and solving the needs of customers.”

    With the region growing rapidly, Tanuja Randery said there is no better time than now for companies to enter the market and agrees collaboration is crucial. She said: “This region is so attractive in terms of the growth potential. I read a stat that showed that almost 70 per cent of businesses in the Middle East want to move most of their operations to the Cloud in two years’ time and this could unlock USD $733 billion of economic value by 2033. To make Cloud make accessible, we need partners and alliances.”

    Driving investments for startups

    Funding is a key pillar to drive growth – both in the long and short-term but can be often challenging. Steven Hoffman, Venture Investor, Author; and Chairman & CEO of Founders Space, gave key advice on how startups should adopt a vertical growth strategy for the future.

    He said: “There is a lot of money going into AI but most of that is going into a handful of companies which are dominating the market and this is impacting the growth of startups. As such, a lot of money is now going into vertical AI where the specialist area is only on one focus such as healthcare or hospitality and this is centred around this business model and adding AI on top of this.”

    In another session, Kai Zenner, Head of Office & Digital Policy Advisor of EU Parliament and Dr. Agostino Ghiglia, Board Member of the Italian Data Protection Authority took part in a broader discussion on the AI EU Act and its global implications for the next generation of AI-driven unicorns.  

    Taking place at Dubai World Trade Centre (DWTC) until 18 October, GITEX GLOBAL presents its biggest, most international edition in its 44th year, welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.

    GITEX GLOBAL is seamlessly connecting the world’s largest network of tech events. Today, major events such as GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA are under its umbrella with all fostering collaboration and driving innovation to shape the tech landscape of tomorrow.

    MIL OSI Africa –

  • MIL-OSI NGOs: Israel/ OPT: Israel must rescind latest ‘evacuation’ orders for North Gaza and allow immediate, unhindered humanitarian access

    Source: Amnesty International –

    Israeli authorities must rescind the cruel and unlawful “evacuation” orders – Israel’s euphemism for forced displacement –   issued over the past week to residents of the North Gaza governorate and immediately allow the unhindered entry of essential supplies, including food and fuel to the area, said Amnesty International, as fears grow for the fate of civilians trapped under siege.

    In recent days, the civilian death toll across the occupied Gaza Strip has continued to mount and horrifying scenes have emerged following deadly Israeli air strikes, particularly in the North Gaza governorate. Civilians have had to endure relentless Israeli bombardment and shelling, without access to basic supplies critical for the survival of the civilian population, including food and clean water. 

    It has been nine months since the ICJ warned the risk of genocide in Gaza is real yet Israeli authorities continue to violate the provisional measures ordered by the court.

    Heba Morayef, Amnesty International

    The latest “evacuation” orders issued by the Israeli military to cities and camps across the North Gaza governorate on 7, 10 and 12 October and the tightened siege on the area are a terrifying escalation of the long list of horrors inflicted on people living in the area north of Wadi Gaza since October 2023. 

     “The Israeli military has intensified its efforts to forcibly displace the entirety of the civilian population in the area north of Wadi Gaza to the south, starting with the North Gaza governorate, forcing civilians to choose between starvation or displacement, while their homes and streets are relentlessly pounded by bombs and shells,” said Heba Morayef, Middle East and North Africa’s Regional Director at Amnesty International. 

    “The world must stop standing by while Israel uses siege, starvation and atrocity crimes to forcibly displace and destroy civilians and civilian life.  These orders must be rescinded and there must be an immediate ceasefire by all parties to halt the avalanche of suffering that has been engulfing civilians in Gaza for over a year.”

    A year ago, on 12 October 2023, an estimated 1.1 million Palestinians living in the area north of Wadi Gaza were subjected to an unlawful mass “evacuation” order, which forced hundreds of thousands of people to flee south, seeking safety. For many months, the hundreds of thousands of people who remained north of Wadi Gaza were largely cut off from the rest of the Strip by a fortified Israeli military zone. In December 2023, the world’s leading experts on famine reported that hunger was particularly widespread and severe there, yet Israeli authorities repeatedly obstructed and denied humanitarian access to the area. In recent days the situation has grown even more desperate following the Israeli military’s tightened siege on the area. All three partially functioning hospitals in the north – Kamal Adwan, Al-Awda, and the Indonesian hospital – face “evacuation” orders. 

    “After a year of death and destruction, it is agonizing to hear from doctors in North Gaza that they have to perform multiple amputations every day, or from families trapped under siege that dozens of unrecognisable bodies are scattered on the streets or that people are unable to bury their loved ones amidst ceaseless bombardment. The scenes coming out of Jabalia refugee camp have been especially harrowing, for over a week, residents of the camp have been scared to leave their homes, even to look for a bag of flour for fear of being shot by the omnipresent quadcopter drones. What remains beyond any comprehension is how the international community has let this horror continue to happen again and again,” said Heba Morayef.

    “It has been nine months since the ICJ warned the risk of genocide in Gaza is real yet Israeli authorities continue to violate the provisional measures ordered by the court.”

    Global leaders must demand an immediate ceasefire to alleviate the unprecedented suffering that we have been witnessing over the past year. Israel has been emboldened, with the help of arms transfers from states like the US, to continue its destructive course in Gaza with total impunity.

    “As well as an immediate ceasefire and an end to Israel’s cruel and inhuman blockade on Gaza and its siege in the north, Israel must grant independent monitors immediate access to Gaza to investigate all attacks. There must be accountability for the devastation that has been waged against the people of Gaza over the past year,” said Heba Morayef. 

    MIL OSI NGO –

  • MIL-OSI Banking: Huawei Launches Intelligent Stadium Solution to Facilitate Intelligent Upgrade

    Source: Huawei

    Headline: Huawei Launches Intelligent Stadium Solution to Facilitate Intelligent Upgrade

    [Dubai, UAE, October 15, 2024] During GITEX Global 2024, Huawei unveiled its Intelligent Stadium Solution at a forum themed AI Enables Smart Building Upgrade. The solution is intended for facilitating digital and intelligent transformation of stadium campuses. At the forum, Huawei discussed with business elites, industry experts, and leading partners how to seize tremendous opportunities that AI brings and use digital and intelligent technologies to lead industry development.
    Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprises BU, delivered a speech at the forum. He said that Huawei aims to become the preferred partner for digital and intelligent transformation in the Middle East’s real estate industry by advancing technologies, leveraging experience, and developing the industry ecosystem. “Looking toward the future, Huawei will continue to integrate smart technology into industries by acting as a bridge and an amplifier. We are committed to expanding our industry knowledge and delivering better services to global customers and partners. Eventually, we will bring intelligence to the Middle East and the world,” said Mr. Liu.
    Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprises BU

    Eric Li, President of Huawei’s Product Portfolio Marketing Solution Sales Dept, mentioned in his speech that the building industry’s digital journey has just begun, but it holds enormous potential for the future. He also emphasized that AI will bring buildings and campuses into an era of intelligence, transforming the management and operational models of an intelligent campus. “Huawei advocates using ICTs to redefine the campus. We have been leveraging the advantages of our product portfolios to redefine campus connectivity, platform, and business, helping global customers build digital and intelligent campuses,” said Eric Li.
    Eric Li, President of Huawei’s Product Portfolio Marketing Solution Sales Dept

    Viga Liu, Director of Huawei’s Intelligent Campus Marketing & Solution Sales Dept, delivered a keynote speech at the forum. He believes that AI is enabling buildings and campuses to go digital, intelligent, green, and low-carbon at a faster pace. According to Viga Liu, Huawei has developed pioneering solutions such as Campus Service Network and Campus Digital Platform. “We have collaborated with our partners to assist over 1000 customers worldwide in building 10 Gbps, digital, and green intelligent campuses, including office campuses, stadium campuses, and commercial complexes.”
    Ahmad Bana, the Center of Excellence Manager at Waseef, an asset management company from Qatar, shared Waseef’s experience with digital and intelligent transformation of networks in employee apartments. Huawei’s Intelligent Campus Solution adopts a flat optical fiber architecture, which allows Waseef to save 80% of IT equipment room footprint and cabling space, as well as achieve more intelligent network O&M and more flexible bandwidth upgrades. Moreover, this architecture contributes to a green network that is future-proof for 30 years, provision of additional services, asset appreciation, and project success.
    OODA World, a global software vendor headquartered in France, specializes in delivering innovative software solutions for different industries. Méliné EOLMEZIAN-SOULIE, Vice President of Public Safety and Strategic Partner Ecosystem, highlighted that OODA’s Physical Security Information Management (PSIM) platform utilizes distinctive 3D native and real-time data visualization and command & control technologies to implement real-time situation awareness, automatic workflows, and centralized incident management. She said OODA will collaborate with Huawei to build campuses that are more intelligent.
    Techno Q, a system integrator from Qatar, participated in the forum. Saad Afzal, the Head of Solutions Architecture at Techno Q, stated in his speech that smart building solutions, based on data convergence and system integration, can unlock the value of data and provide targeted use cases for areas such as energy efficiency management, predictive maintenance, asset management, operational efficiency, and subscription-based value-added services. This can provide customers with enhanced user experience, reduce security risks, and improve management efficiency.
    Neuxnet, headquartered in Singapore, is dedicated to helping customers go digital and intelligent. According to Eric Yang, the Vice President of Product and Marketing at Neuxnet, stadiums are evolving toward being diversified, integrated, and intelligent, providing spectators with a spectacular experience before, during, and after sports events through various new technologies and applications. “By offering functions such as smart parking, navigation, ticketing services, and one-stop customer services, Neuxnet provides efficient management tools for stadium operators, and helps them create dynamic, technologically advanced, and sustainable sports stadiums,” said Eric Yang.
    Official release of the Intelligent Stadium Solution

    At the end of the forum, Huawei officially released its Intelligent Stadium Solution. Looking ahead, Huawei will continue to work with partners to help customers implement top-notch security assurance, operations management, communications assurance, spectating experience, and service experience, as well as innovate in management and service models, delivering brand-new sports stadium experiences in the digital and intelligent era.

    MIL OSI Global Banks –

  • MIL-OSI Economics: Huawei Launches Intelligent Stadium Solution to Facilitate Intelligent Upgrade

    Source: Huawei

    Headline: Huawei Launches Intelligent Stadium Solution to Facilitate Intelligent Upgrade

    [Dubai, UAE, October 15, 2024] During GITEX Global 2024, Huawei unveiled its Intelligent Stadium Solution at a forum themed AI Enables Smart Building Upgrade. The solution is intended for facilitating digital and intelligent transformation of stadium campuses. At the forum, Huawei discussed with business elites, industry experts, and leading partners how to seize tremendous opportunities that AI brings and use digital and intelligent technologies to lead industry development.
    Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprises BU, delivered a speech at the forum. He said that Huawei aims to become the preferred partner for digital and intelligent transformation in the Middle East’s real estate industry by advancing technologies, leveraging experience, and developing the industry ecosystem. “Looking toward the future, Huawei will continue to integrate smart technology into industries by acting as a bridge and an amplifier. We are committed to expanding our industry knowledge and delivering better services to global customers and partners. Eventually, we will bring intelligence to the Middle East and the world,” said Mr. Liu.
    Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprises BU

    Eric Li, President of Huawei’s Product Portfolio Marketing Solution Sales Dept, mentioned in his speech that the building industry’s digital journey has just begun, but it holds enormous potential for the future. He also emphasized that AI will bring buildings and campuses into an era of intelligence, transforming the management and operational models of an intelligent campus. “Huawei advocates using ICTs to redefine the campus. We have been leveraging the advantages of our product portfolios to redefine campus connectivity, platform, and business, helping global customers build digital and intelligent campuses,” said Eric Li.
    Eric Li, President of Huawei’s Product Portfolio Marketing Solution Sales Dept

    Viga Liu, Director of Huawei’s Intelligent Campus Marketing & Solution Sales Dept, delivered a keynote speech at the forum. He believes that AI is enabling buildings and campuses to go digital, intelligent, green, and low-carbon at a faster pace. According to Viga Liu, Huawei has developed pioneering solutions such as Campus Service Network and Campus Digital Platform. “We have collaborated with our partners to assist over 1000 customers worldwide in building 10 Gbps, digital, and green intelligent campuses, including office campuses, stadium campuses, and commercial complexes.”
    Ahmad Bana, the Center of Excellence Manager at Waseef, an asset management company from Qatar, shared Waseef’s experience with digital and intelligent transformation of networks in employee apartments. Huawei’s Intelligent Campus Solution adopts a flat optical fiber architecture, which allows Waseef to save 80% of IT equipment room footprint and cabling space, as well as achieve more intelligent network O&M and more flexible bandwidth upgrades. Moreover, this architecture contributes to a green network that is future-proof for 30 years, provision of additional services, asset appreciation, and project success.
    OODA World, a global software vendor headquartered in France, specializes in delivering innovative software solutions for different industries. Méliné EOLMEZIAN-SOULIE, Vice President of Public Safety and Strategic Partner Ecosystem, highlighted that OODA’s Physical Security Information Management (PSIM) platform utilizes distinctive 3D native and real-time data visualization and command & control technologies to implement real-time situation awareness, automatic workflows, and centralized incident management. She said OODA will collaborate with Huawei to build campuses that are more intelligent.
    Techno Q, a system integrator from Qatar, participated in the forum. Saad Afzal, the Head of Solutions Architecture at Techno Q, stated in his speech that smart building solutions, based on data convergence and system integration, can unlock the value of data and provide targeted use cases for areas such as energy efficiency management, predictive maintenance, asset management, operational efficiency, and subscription-based value-added services. This can provide customers with enhanced user experience, reduce security risks, and improve management efficiency.
    Neuxnet, headquartered in Singapore, is dedicated to helping customers go digital and intelligent. According to Eric Yang, the Vice President of Product and Marketing at Neuxnet, stadiums are evolving toward being diversified, integrated, and intelligent, providing spectators with a spectacular experience before, during, and after sports events through various new technologies and applications. “By offering functions such as smart parking, navigation, ticketing services, and one-stop customer services, Neuxnet provides efficient management tools for stadium operators, and helps them create dynamic, technologically advanced, and sustainable sports stadiums,” said Eric Yang.
    Official release of the Intelligent Stadium Solution

    At the end of the forum, Huawei officially released its Intelligent Stadium Solution. Looking ahead, Huawei will continue to work with partners to help customers implement top-notch security assurance, operations management, communications assurance, spectating experience, and service experience, as well as innovate in management and service models, delivering brand-new sports stadium experiences in the digital and intelligent era.

    MIL OSI Economics –

  • MIL-OSI Economics: Huawei Launches Intelligent Stadium Solution to Facilitate Intelligent Upgrade Oct 15, 2024

    Source: Huawei

    Headline: Huawei Launches Intelligent Stadium Solution to Facilitate Intelligent Upgrade
    Oct 15, 2024

    [Dubai, UAE, October 15, 2024] During GITEX Global 2024, Huawei unveiled its Intelligent Stadium Solution at a forum themed AI Enables Smart Building Upgrade. The solution is intended for facilitating digital and intelligent transformation of stadium campuses. At the forum, Huawei discussed with business elites, industry experts, and leading partners how to seize tremendous opportunities that AI brings and use digital and intelligent technologies to lead industry development.
    Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprises BU, delivered a speech at the forum. He said that Huawei aims to become the preferred partner for digital and intelligent transformation in the Middle East’s real estate industry by advancing technologies, leveraging experience, and developing the industry ecosystem. “Looking toward the future, Huawei will continue to integrate smart technology into industries by acting as a bridge and an amplifier. We are committed to expanding our industry knowledge and delivering better services to global customers and partners. Eventually, we will bring intelligence to the Middle East and the world,” said Mr. Liu.
    Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprises BU

    Eric Li, President of Huawei’s Product Portfolio Marketing Solution Sales Dept, mentioned in his speech that the building industry’s digital journey has just begun, but it holds enormous potential for the future. He also emphasized that AI will bring buildings and campuses into an era of intelligence, transforming the management and operational models of an intelligent campus. “Huawei advocates using ICTs to redefine the campus. We have been leveraging the advantages of our product portfolios to redefine campus connectivity, platform, and business, helping global customers build digital and intelligent campuses,” said Eric Li.
    Eric Li, President of Huawei’s Product Portfolio Marketing Solution Sales Dept

    Viga Liu, Director of Huawei’s Intelligent Campus Marketing & Solution Sales Dept, delivered a keynote speech at the forum. He believes that AI is enabling buildings and campuses to go digital, intelligent, green, and low-carbon at a faster pace. According to Viga Liu, Huawei has developed pioneering solutions such as Campus Service Network and Campus Digital Platform. “We have collaborated with our partners to assist over 1000 customers worldwide in building 10 Gbps, digital, and green intelligent campuses, including office campuses, stadium campuses, and commercial complexes.”
    Ahmad Bana, the Center of Excellence Manager at Waseef, an asset management company from Qatar, shared Waseef’s experience with digital and intelligent transformation of networks in employee apartments. Huawei’s Intelligent Campus Solution adopts a flat optical fiber architecture, which allows Waseef to save 80% of IT equipment room footprint and cabling space, as well as achieve more intelligent network O&M and more flexible bandwidth upgrades. Moreover, this architecture contributes to a green network that is future-proof for 30 years, provision of additional services, asset appreciation, and project success.
    OODA World, a global software vendor headquartered in France, specializes in delivering innovative software solutions for different industries. Méliné EOLMEZIAN-SOULIE, Vice President of Public Safety and Strategic Partner Ecosystem, highlighted that OODA’s Physical Security Information Management (PSIM) platform utilizes distinctive 3D native and real-time data visualization and command & control technologies to implement real-time situation awareness, automatic workflows, and centralized incident management. She said OODA will collaborate with Huawei to build campuses that are more intelligent.
    Techno Q, a system integrator from Qatar, participated in the forum. Saad Afzal, the Head of Solutions Architecture at Techno Q, stated in his speech that smart building solutions, based on data convergence and system integration, can unlock the value of data and provide targeted use cases for areas such as energy efficiency management, predictive maintenance, asset management, operational efficiency, and subscription-based value-added services. This can provide customers with enhanced user experience, reduce security risks, and improve management efficiency.
    Neuxnet, headquartered in Singapore, is dedicated to helping customers go digital and intelligent. According to Eric Yang, the Vice President of Product and Marketing at Neuxnet, stadiums are evolving toward being diversified, integrated, and intelligent, providing spectators with a spectacular experience before, during, and after sports events through various new technologies and applications. “By offering functions such as smart parking, navigation, ticketing services, and one-stop customer services, Neuxnet provides efficient management tools for stadium operators, and helps them create dynamic, technologically advanced, and sustainable sports stadiums,” said Eric Yang.
    Official release of the Intelligent Stadium Solution

    At the end of the forum, Huawei officially released its Intelligent Stadium Solution. Looking ahead, Huawei will continue to work with partners to help customers implement top-notch security assurance, operations management, communications assurance, spectating experience, and service experience, as well as innovate in management and service models, delivering brand-new sports stadium experiences in the digital and intelligent era.

    MIL OSI Economics –

  • MIL-OSI: RTI Awarded Elite Supplier Status by Lockheed Martin’s Rotary and Mission Systems (RMS) Division

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, has earned Elite Supplier status from Lockheed Martin’s Rotary and Mission Systems (RMS) division. This prestigious designation was awarded to only 37 of over 10,300 of Lockheed Martin’s suppliers. The recognition highlights RTI’s role in delivering innovative, data-centric software that powers mission-critical applications, enabling industry leaders like Lockheed Martin to integrate next-generation defense technologies and advance modular system design.

    Built on the industry-leading Data Distribution Service (DDS™) Standard, RTI Connext® enables Lockheed to seamlessly incorporate newer and advanced sensors into critical defense systems. Connext ensures that platforms such as Aegis remain adaptable to evolving global threats, supporting Lockheed Martin’s current and future battlefield requirements.

    As a long-term supplier, RTI also plays a pivotal role in facilitating Lockheed’s open architecture approach, ensuring that Aegis integrates radar, weapons, and command management systems efficiently. This framework is crucial for Navy programs and prevents vendor lock-in while adhering to Navy Open Architecture standards.

    Aegis is designed for interoperability among onboard and offboard sensors and weapon systems, including surface-to-air missiles and naval guns, and relies on a real-time command and control framework. Central to this rapid response is Connext, which ensures fast, secure, and reliable data transmission within sensor-to-shooter networks, as each engagement—from detection to interception—must occur in real time.

    As defense systems continue to evolve, leveraging AI and machine learning will become more essential for identifying and processing the vast amounts of data generated by additional sensors designed to spot increasing threats. While humans currently play a role, AI is needed to make faster, more informed decisions; this is where Connext comes in– ensuring the critical data flow that powers future combat systems.

    “We are proud to support Lockheed Martin and Aegis, the world’s most capable multi-mission combat system, which integrates a wide array of sensors and weapons to deliver unmatched Integrated Air and Missile Defense capabilities,” said John Breitenbach, Director of A&D at RTI. “Connext serves as the nervous system of these architectures, connecting all components to ensure real-time performance. Connext not only supports today’s missions but also lays the groundwork for the future of AI-enhanced defense systems.”

    Lockheed Martin works with over 10,300 suppliers across 46 countries. RTI is proud to be among less than 0.004% of suppliers who achieve Lockheed’s Elite Supplier designation, underscoring RTI’s dedication to performance, quality, and innovation in defense systems, further enabling 21st Century Security.

    For more information on RTI in Aerospace & Defense, please visit the RTI website.

    About RTI

    Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.

    With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 250 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 400 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.

    RTI runs a smarter world.

    RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.

    Download a free trial of the latest, fully-functional Connext software today: http://www.rti.com/downloads

    The MIL Network –

  • MIL-OSI: Apollo Launches Evergreen Secondaries Products for Global Wealth Investors

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced the launch of Apollo S3 Private Markets Fund (“ASPM US”) and Apollo S3 Private Markets Lux (“ASPM Lux,” together with ASPM US, “ASPM”), products designed to provide investors with turnkey solutions to access diversified portfolios of multi-asset secondary investments across private markets. 

    ASPM US is available through a semi-liquid, perpetual 1940 Act tender offer fund and is part of Apollo’s suite of products accessible to accredited U.S. investors. ASPM Lux is part of the Apollo Private Markets SICAV umbrella, a Luxembourg-based platform offering a holistic set of Apollo’s alternative solutions to wealth investors in EMEA, Asia and Latin America. ASPM Lux is accessible in multiple currencies to address local investor needs.

    ASPM offers a differentiated approach to secondaries through a flexible mandate to invest across the capital stack, execute a variety of transaction types and aim to offer diversification across vintages and managers. These new offerings seek to build a balanced and diversified portfolio with attractive growth potential and long-term capital appreciation.

    Apollo’s Stephanie Drescher, Partner and Chief Client and Product Development Officer, said, “The launch of ASPM underscores Apollo’s commitment to providing access to institutional quality alternative offerings tailored to individuals and wealth investors. We continue to make progress as global investors increasingly seek more diversification than what has historically been provided through traditional portfolio construction.”

    Steve Lessar, Partner and Co-Head of Apollo’s Sponsor & Secondary Solutions (S3) business, added, “We believe these new offerings will provide distinct access points to private market secondaries, leveraging the collective strengths of the Apollo Private Markets ecosystem and the Apollo S3 team, which has sourced over $160 billion in these types of transactions in the past year. It is our view that secondaries can provide a combination of attractive attributes not commonly found in other private market strategies, and we’re pleased to make that available to investors.”

    Apollo’s Jason Singer, Partner and Global Lead for Product Development and Veronique Fournier, Managing Director and Head of EMEA Global Wealth said, “Apollo is an innovator in bringing institutional quality products to individual investors in tailored formats. As investors look to supplement public markets holdings and diversify their overall portfolios, we believe that Apollo’s Global Wealth platform provides solutions that prioritize the needs of the end investor globally.”

    Important Information

    This material is neither an offer to sell nor a solicitation to purchase any security. Investors should carefully consider the investment objectives, risks, tax information, charges and expenses of ASPM US. This information and other important details about ASPM US are contained in the prospectus, which can be obtained by visiting http://www.apollo.com/aspm. Please read the prospectus carefully before investing. Prospective investors should be aware that an investment in ASPM US entails substantial risks. Prior to investing, prospective investors should consult with their own tax and legal advisors.

    Forward-Looking Statements

    This press release may contain certain forward-looking statements. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. As a result, investors should not rely on such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; uncertainties relating to capital proceeds; and other risk factors as outlined in ASPM US’s prospectus, statement of additional information, annual report and semi-annual report filed with the U.S. Securities and Exchange Commission.

    This communication has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product or be relied upon for any other purpose. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. It should not be assumed that any investment will be profitable or will equal the performance of ASPM US or any securities or any sectors mentioned herein. Information contained herein has been obtained from sources deemed to be reliable, but not guaranteed.

    About Apollo
    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit http://www.apollo.com.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com  

    The MIL Network –

  • MIL-OSI: GLMX Reports Third Quarter 2024 Activity

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — GLMX, a leading global provider of transformative technology solutions for securities financing, money markets, and total return swaps, reported its third quarter platform activity along with significant developments in the company’s overall growth.

    • Average Daily Volume (ADV) of $1.01 trillion, up 99% year-on-year and the first quarter over $1 trillion in ADV for GLMX.
    • Average Daily Balance (ADB) of $2.75 trillion, up 74% year-on-year.

    3Q 2024 Highlights:

    • Balances on the GLMX platform reached $3 trillion, a significant milestone and a reflection of the firm’s dedication to delivering client success through innovative technology.
    • GLMX continues to onboard clients in Securities Lending for both equities and fixed income, demonstrating traction in a rapidly growing and changing market.
    • To support its geographic expansion and overall company growth, GLMX is pleased to welcome new hires in NY, London, and Singapore.
      • To address growing business in the Asia-Pacific region, GLMX has opened a new office in Singapore, and hired James Davis and Rachel Han. Davis has joined in a business development role, and Han has joined in a client operations role.
      • Industry veterans James Day (London) and Jay Epstein (NY), have been hired to fill senior roles in the newly created Client Relationship Management team.

    CEO Glenn Havlicek commented,“GLMX’s powerful growth trajectory has shown significant durability for what is now over 5 years. Very excitingly, we have begun to see this growth expand beyond our traditional repo business and into adjacent securities finance and money market segments. As ever, our sole priority is to consistently deliver purpose-built technology that supports the success of our clients across the entire securities financing and money market ecosystem.”

    About GLMX

    GLMX is a technology company serving the capital markets and is a leading global provider of transformative technology for equities and fixed income securities financing. With offices in North America, the United Kingdom, and Asia-Pacific, global buy-side and sell-side institutions rely on GLMX for access to enhanced market liquidity and to maximize trade lifecycle efficiency and reporting.

    GLMX’s powerful market position continues to grow as it diversifies, taking its proven model into adjacent market sectors such as Total Return Swaps (TRS), and Time Deposits, CDs, and Commercial Paper. For more information about GLMX, please visit http://www.glmx.com.

    Media inquiries, please contact:
    GLMX
    646 854-4569
    sales@glmx.com

    The MIL Network –

  • MIL-OSI: NEWTON GOLF Company Expands its Global Presence with the Launch of Newton Motion Shafts in Japan

    Source: GlobeNewswire (MIL-OSI)

    Newton Motion shafts now available in 50 of Japan’s largest golf retailers and through GDO, the country’s leading e-commerce platform

    CAMARILLO, CA, Oct. 15, 2024 (GLOBE NEWSWIRE) — NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces the launch of its Newton Motion shafts in Japan.

    Now available in 50 of the largest retail golf stores across Japan, golfers and golf enthusiasts in Japan have access to the Company’s proprietary Newton Motion shaft design and construction, including the four essential technologies embedded in each shaft: Elongated Bend Profile; Kinetic Storage Construction; Newton Symmetry360 Design; and a Variable Bend Profile.

    In addition to this new, extensive retail presence, NEWTON GOLF has partnered with GDO, Japan’s largest e-commerce company for distribution of the Newton Motion shafts, ensuring that golfers can conveniently purchase the new shafts online.

    “Newton Motion has had considerable success with the U.S. tour pros, consumers, and professional fitters,” said Shige Okabe, Newton Golf’s Sales Representative for Japan. “Our initial testing with Japanese buyers and tour professionals confirmed that Newton Motion shafts surpass anything that exists in the Japanese market today. We are confident it will make an immediate impact there.”

    Japan is the second largest golf market in the world, behind the U.S. According to the 2021 World Golf Report, these two countries are responsible for about two-thirds of the world’s golf equipment market.

    The Newton Motion shafts have quickly gained traction among top players on the PGA TOUR Champions, including Doug Barron, who won his first major championship with the Newton Motion Shaft in his driver, John Daly, Clark Dennis, Chris DiMarco, Ken Duke, Fred Funk, Colin Montgomerie, Mark O’Meara, Tim Petrovic, and Duffy Waldorf, among others.

    The shafts are sold “ready to play” and include the shaft adapter and grip. The grip is a Lamkin Crossline 360, and there are adapter options to choose from that fit most driver heads.

    The Newton Motion shafts are manufactured in the Company’s St. Joseph, Missouri manufacturing facility.

    All Newton Motion shafts, including the newly introduced 6.5-DOT and 7-DOT shafts, can be seen and are available for purchase at https://newtonshafts.com.

    About NEWTON GOLF: A Sacks Parente Company

    NEWTON GOLF: A Sacks Parente Company, is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.

    The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s website at http://www.newtongolfco.com or on social media at @newtongolfco.com, @newtonshafts, or @gravityputters.

    Media Contact for NEWTON GOLF

    Beth Gast
    BG Public Relations
    beth.gast@bgpublicrelations.com

    Investor Contact for NEWTON GOLF
    CORE IR
    516-222-2560
    investors@sacksparente.com

    The MIL Network –

  • MIL-OSI Economics: Directions under Section 35 A read with Section 56 of the Banking RegulationAct, 1949 (As Applicable to Co-operative Societies) – National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh – Extension of period

    Source: Reserve Bank of India

    The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Urban Co-operative Bank Ltd., Pratapgarh vide Directive CO.DOS.SED.No.S369/45-11-001/2024-25 dated April 15, 2024, for a period of six months up to the close of business on October 15, 2024.The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the close of business on October 15, 2024.

    2. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from the close of business on October 15, 2024 to the close of business on January 15, 2025, subject to review.

    3. All other terms and conditions of the Directive under reference shall remain unchanged.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1300

    MIL OSI Economics –

  • MIL-OSI Africa: GITEX GLOBAL 2024: Historic opening day marked by record international participation and capacity crowds at key events

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

    DUBAI, United Arab Emirates, October 15, 2024/APO Group/ —

    • Entire international tech ecosystem descended on Dubai to mark the start of GITEX GLOBAL 2024 (www.GITEX.com)  – the world’s largest and best-rated tech event
    • Innovative showcases and GITEX Editions & European Innovation Council pavilion launches also star on “Tech Investor Day”
    • “AI Super Tuesday” next up at GITEX GLOBAL 2024

    International audiences enjoyed a memorable first day at GITEX GLOBAL 2024 (http://apo-opa.co/4h8HyRu) on Monday as the world’s largest and best-rated tech event kicked off in sensational fashion – setting the stage for an unforgettable week of breakthrough tech showcases.

    Taking place at Dubai World Trade Centre (DWTC) from 14-18 October, GITEX GLOBAL presents a record-breaking edition in its 44th year. It welcomes over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries – the highest-ever international participation at GITEX GLOBAL – comprising enterprises, experts, investors, startups, academia, researchers, and the entire global tech ecosystem.

    Eagerly awaited exhibitions and events take centre stage

    Across a capacity-crowd venue, international audiences became acquainted with a wide variety of incredible innovations on Day 1 of GITEX GLOBAL 2024. UAE technology group G42 presented its Intelligence Grid immersive experience, enabling visitors to discover how AI can power every aspect of future life as a ‘super utility’. Lenovo showcased its new range of hardware and cloud solution equipped with transformative AI capabilities of the future, while e& showcased some the world’s most mindblowing protypes in all of tech. One of the highlights was the XPeng AeroHT eVTOL Flying Car – enabling audiences to discover how such innovations represent a historic opportunity to revolutionise aviation and personal transportation.

    With five incredible themes across five unmissable days this year, “Tech Investment Day” was first up with World Future Economy Digital Leaders Summit (http://apo-opa.co/4dLQ9qC) amongst the many shows that drew huge crowds and received widespread audience acclaim.

    In a special briefing, His Excellency (H.E.) Abdullah Bin Touq Al Marri, Cabinet Member & UAE Minister of Economy, addressed attendees during ‘Rise of the New Economy: AI & Emerging Industries’. This session delved into the UAE’s strategic initiatives fostering innovation, enhancing competitiveness, and positioning the country as a global leader in the new economy.

    With the UAE’s non-oil sector accounting for 74% of national gross domestic product (GDP) in 2024, H.E. Al Marri reaffirmed the Ministry of Economy’s ambitious plans for the years ahead, insisting: “We are in the business of breaking records. We’ve already achieved a non-oil sector that accounts for 74% of GDP – this record has never happened before in our country’s history. The UAE’s environment and ecosystem attracts people from around the globe – and the target now is to reach 80% by 2030 and become an R&D hub for the world.”

    With several leadership sessions held throughout the Monday schedule, H.E. Faisal Al Bannai, Advisor to the UAE President & Secretary General of the Advanced Technology Research Council (ATRC), shared key insights and perspectives during ‘AI Leadership: Steering Societal Transformation’. AI socio-economic implications were discussed alongside global AI leadership, models, governance, and regulation.

    Elsewhere on a historic opening day to celebrate GITEX GLOBAL’s record-extending 44th edition, new industry-defining programmes were also launched – including GITEX Editions, an exclusive platform for late-stage advanced tech companies and a premier hub for unicorns, soonicorns and rhinos.

    GITEX Editions connects 59 top global unicorns and was attended by H.E. Omar Sultan Al Olama, UAE Minister of State for AI, Digital Economy & Remote Work Applications, also addressed attendees between another applauded leadership session – ‘The UAE As The Sandbox For Pragmatic Ai Regulation And Policy Development’.

    The year’s most impactful discussions surrounding AI’s future in society and industry were also attending by high numbers of visitors. While discussing the most transformative AI case studies across government, enterprise, and startups, the need to balance AI’s potential with creativity and human intuition was examined in various sessions, including ‘Regulating Tech: The Intersection of Tech, Crime and Law’.

    Didier Jacobs, Head of ICT & Chief AI Officer at Europol, stressed that heightened collaboration and cooperation are needed to overcome challenges and solve international crime, adding: “Cybercrime knows no borders. There are many technologies that can be misused for hacking, extortion, sabotage, illegal transactions, and so on. What’s needed are solutions – a blend of increased human collaboration and technology deployment is essential.”

    As this week marks the largest-ever European participation at GITEX GLOBAL with 38 European countries exhibiting alongside 1,000-plus SMEs and 450-plus startups, the European Innovation Council pavilion was officially launched to commemorate the milestone.

    With debuting exhibitors from countries including Austria, Portugal, Latvia, Serbia, Bosnia & Herzegovina, and Switzerland in attendance, Trixie LohMirmand, Executive Vice President of DWTC, the organiser of GITEX GLOBAL, opened the brand-new site. This casts a unique spotlight on Europe’s AI, tech, and innovation advancements alongside the cross-continental collaboration efforts currently taking shape across the continent.

    What next at GITEX GLOBAL 2024?

    GITEX GLOBAL 2024 continues Tuesday as “Super AI Tuesday” showcases how AI is transforming business strategies, revolutionising industries, and creating new growth opportunities across the globe. Up until Friday (October 18), attendees can also explore the latest tech sector services and solutions being rolled out across Central Asia, Southeast Asia, Latin America, and the Middle East.

    GITEX GLOBAL is seamlessly connecting with world’s largest network of tech events with its stellar list including GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA. These events are fostering collaboration and driving innovation to shape the tech landscape of tomorrow.

    More information on GITEX GLOBAL and to purchase passes, please visit http://www.GITEX.com

    MIL OSI Africa –

  • MIL-OSI Economics: Suhaimi Ali: Transcending boundaries – advancing Takaful for sustainable growth

    Source: Bank for International Settlements

    This year is particularly momentous as we commemorate four decades of takaful since the enactment of the Takaful Act 1984. From a modest beginning, the size of takaful contribution has expanded nearly three times compared to a decade ago. Players have become more diverse and products have expanded to address different needs of households and businesses. The industry has also demonstrated resilience against challenging economic and financial conditions, while continuing to scale up and improving efficiency in delivering financial protection. This progress is imperative to respond to the higher expectations that stakeholders have on the industry to better serve the protection needs of society. Ahead of us, challenges remain significant – climate risk, ageing nation, cost of living pressures, advancement of technologies – all of which requires the industry to continue to innovate and be responsive to these needs. The adoption of VBIT principles is crucial to better align and guide the industry’s efforts to catalyse growth while contributing meaningfully to society.

    Distinguished guests, ladies and gentlemen,

    I am certainly pleased to be here, to see progress in the Value-Based Intermediation Takaful (VBIT) journey that began five years ago in 2019. I am delighted to be part of this important occasion and witness the collective commitment by industry players to foster a more ethical and impactful approach to takaful.

    Advancing value-based with clear demonstration of impactful outcomes

    As today’s conference is focused on Shariah values and measurements, I would like to highlight three imperatives that should guide industry’s efforts to implement the VBIT framework:

    • First, is the diversity and inclusivity of protection solutions, with alignment to national strategies and aspirations;
    • Second, is improvements to quality of services and conduct that reflects the fundamental values of Shariah; and
    • Third, is impact reporting guided by clear outcomes.

    Diversity and inclusivity of protection solutions

    Ladies and gentlemen,

    We acknowledge the ongoing exemplary efforts by takaful operators to improve financial well-being and inclusion. For example, expansion in the range of microtakaful products catering to the underprivileged segments, has been flourishing in the recent years. In 2023, these affordable and accessible protections have provided coverage to almost 970,000 individuals.

    We are also pleased to observe developments within the industry that support Bank Negara Malaysia’s Financial Sector Blueprint 2022-2026 vision to mainstream social finance, which now has use cases in the takaful sector. Before this, it is predominantly use cases in the banking sector. The innovative offerings of social blended takaful products enables a confluence of private and social funds where participants have the option to use their takaful benefits to contribute towards creation of a sustainable community.1

    We hope to see more synergistic collaborations where philanthropic capital blends with commercial funding to develop impactful protection solutions. These efforts would ensure continuous protection for vulnerable segments, including micro-entrepreneurs, gig workers, and the ageing population.

    Limited access to insurance and takaful for climate adaptation and resilience poses a significant challenge for Malaysian businesses, particularly SMEs. This limitation hinders their ability to effectively manage flood risks-Malaysia’s most frequent natural disaster- and slows recovery efforts, as insurance payouts are a crucial source of funding. Furthermore, common obstacles such as lengthy payout processes, inadequate product offerings, and insufficient coverage exacerbate the problem.2

    At our end, Bank Negara Malaysia remains committed to providing an enabling environment for the industry to test and introduce innovations. Industry players are urged to embrace the aspirations of the recently issued Exposure Draft on Broader Application of Ta`awun in Takaful. This provides a facilitative framework for industry players to explore new takaful models in promoting social cohesion and wealth distribution. For areas that may require regulatory flexibility, we welcome interest in tapping the Financial Technology Regulatory Sandbox. This allows innovations to be piloted and refined, thus accelerating the integration of VBIT in product solutioning. You may be interested to note that the Sandbox now incorporates a Green Lane. This accelerated track offers a simpler and quicker path for financial institutions with a strong track record in risk management to test innovative solutions that are facing regulatory impediments.

    For industry players aspiring to drive greater market competition via digitalisation, the formal application window to carry digital takaful business will be open on 2 January 2025 until 31 December 2026. We welcome prior consultation for those interested.

    Improvements to quality of services and conduct

    Efforts to diversify products and solutions must be paired with improvements in service quality and responsible conduct by market players and their intermediaries. The Customer Satisfaction Survey 2022 for the takaful and insurance industry revealed that while 74% of customers provided positive feedback on their experience, 23% expressed concerns, particularly on inefficiencies in claims processes and poor response from industry players and agents when reached for assistance.3 In Malaysia, the motor, medical and health segments have seen progress on this front through the roll out of digital roadside assistance solutions and the work to establish a central medical claims data platform, respectively. Malaysia’s experience in these two sectors illustrates that there is much to benefit from leveraging on technology.

    With technology, not only will the end-to-end experience of consumers – from securing access to takaful cover to the claims and settlement process – be elevated, but digital takaful solutions can go a long way towards increasing consumer trust on the value of takaful protection, enhancing product affordability through better risk pricing and expediting purchasing and claims experiences.

    Advancing impact reporting

    The VBIT value proposition through exemplary industry practice, is best showcased through meaningful disclosure, and this brings me to my next point, our aspirations for the Maqasid Shariah Scorecard (MSS), that will be launched today.

    I am encouraged to witness the industry’s efforts in developing the MSS, which I believe supports the Bank’s call for better impact creation through meaningful disclosures. While the scorecard is a measurement tool to demonstrate and validate VBIT based on Maqasid al-Shariah, it ultimately seeks to drive positive change in behaviour and measure broader outcomes to the community served by the takaful industry.

    Globally, impact-based reporting has grown in importance as more stakeholders demand for greater transparency in assessing performance beyond financial reporting. Impact reporting is most commonly demonstrated in the climate and sustainability space, where such reporting serves to demonstrate how companies and financial institutions support the broader ESG goals and SDG agenda.

    So given its pivotal role in the operationalisation of VBIT, it is crucial for the MSS to be well executed with clear alignment to operators’ business plans and operations. The successful implementation of MSS will facilitate ambitions for it to play a larger and deeper role, with the goal of elevating MSS as the benchmark reference for impact reporting, domestically and globally. As the next step, we urge the industry to consider what needs to be done for the MSS to be effectively implemented, commencing with strategies to ensure firm understanding of its objectives and measurement methodology by each industry player.

    Ladies and gentlemen,

    Before I conclude, may I remind ourselves that in implementing VBIT and MSS, the issues of skills and professionalism must be addressed. It is, therefore, critical for the industry to diligently build up expertise, thereby unlocking the full potential of its contribution towards amplifying social and economic impact. We commend efforts such as the VBIT Training Module launched today and hope that MTA and members continue to exert energy to address talent gaps towards building a highly capable and adaptable workforce.

    I trust the industry will maintain the momentum to continue accelerating the development of the takaful and retakaful industry through VBIT. May we all be guided by Surah An- Najm, verses 39 and 40, which mean: “And that man shall have nothing but what he strives for, and that his effort will soon be seen.”

    With that, I wish you a successful conference ahead. Thank you.

    MIL OSI Economics –

  • MIL-OSI: Mimecast Appoints Technology Executive Amol Kulkarni to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    LEXINGTON, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) — Mimecast, a leading global Human Risk Management platform, today announced the appointment of Amol Kulkarni to its Board of Directors effective October 1, 2024.

    Kulkarni is a long-time, esteemed technology executive and advisor who spent more than 20 years at industry giants Microsoft and most recently, CrowdStrike, where he served as chief product and engineering officer. During Kulkarni’s tenure the organization grew from under $10M in annual recurring revenue to $3B. In addition to his appointment to Mimecast’s board, Kulkarni is a senior advisor at Permira and serves on the board of directors at Dynatrace and JumpCloud.

    “Amol’s expertise and leadership has been a driving force behind the explosive growth of many global technology organizations. His counsel will be invaluable to Mimecast, and I couldn’t be prouder to count him among our board members,” said Mimecast CEO Marc van Zadelhoff. “We’ve entered a new era at Mimecast and Amol’s experience leading product innovation and implementation will make an indelible impact on our strategy to forge the future of Human Risk Management.”

    “I join the Mimecast Board of Directors with tremendous enthusiasm,” said Kulkarni. “The company has a history of innovation in cybersecurity and has made incredible strides at a rapid pace toward preventing the vulnerabilities that occur at the intersection of humans and technology. Between the launch of its connected Human Risk Management platform and three strategic acquisitions, Elevate, Code42 and Aware, Mimecast is helping to solve complex problems and setting standards of excellence in its approach to innovation in critical areas like artificial intelligence. I’m excited to work with the executive team to build on the company’s strong foundation, adding critical capabilities to its platform and further increasing its leadership position.”

    Kulkarni earned a Bachelor of Engineering in Electrical Engineering from the University of Pune, a Master of Technology in Energy Systems Engineering from the Indian Institute of Technology, Bombay, and a Ph.D. in Electrical Engineering from the University of Washington.

    To learn more about Mimecast visit here.

    About Mimecast
    Mimecast is a leading AI-powered, API-enabled connected Human Risk Management platform, purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight that enables decisive action and empowers businesses to protect their collaborative environments, safeguard their critical data and actively engage employees in reducing risk and enhancing productivity. More than 45,000 businesses worldwide trust Mimecast to help them keep ahead of the ever-evolving threat landscape. From insider risk to external threats, with Mimecast customers get more. More visibility. More insight. More agility. More security.

    Mimecast and the Mimecast logo are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries. All other third-party trademarks and logos contained in this press release are the property of their respective owners.

    Press Contacts
    Tim Hamilton
    Principal Public Relations Manager
    +1 603-918-6757
    thamilton@mimecast.com

    General inquiries
    press@mimecast.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/179d6304-292e-47e1-ab19-bfa049874a99

    The MIL Network –

  • MIL-OSI: Crunchyroll partners with Bango to boost membership growth through Super Bundling

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Oct. 15, 2024 (GLOBE NEWSWIRE) — Crunchyroll has entered into an agreement with Bango (AIM: BGO) to further grow its international subscriber base through bundling partnerships with telcos and other third parties.

    Crunchyroll is the ultimate global brand for all things anime, offering the world’s largest dedicated streaming library with over 25,000 hours of content. With new series arriving every season, it remains the go-to destination for anime fans everywhere. Through its new partnership with Bango, Crunchyroll opens up the bundling of its subscription offer with mobile and broadband plans, as well as other consumer services such as bank accounts and retail clubs.

    As a leader in bundling technology, Bango takes care of all technical aspects of resellers creating and managing subscription bundles. It can also manage targeting offers such as trials and discounts that could include Crunchyroll in future.

    Telcos and other resellers will now be able to offer Crunchyroll in bundles, providing consumers with more cost-effective deals, and less administrative hassle. The partnership also opens up the opportunity for ‘Super Bundling’, making it easier for telcos to build Crunchyroll into their all-in-one subscription platforms and content hubs. Through this Bango agreement, Crunchyroll will be able to further expand its 14 million strong subscriber base through these new, indirect channels.

    Commenting on the partnership, Anil Malhotra, CMO at Bango, said, “Crunchyroll is the number one choice for anime fans across the globe, and bundling through third parties will continue to drive its rapid growth. Indirect subscriptions have become increasingly essential for the SVOD market, and we look forward to helping Crunchyroll capitalize on this emerging trend.

    “As consumers look for more flexibility, and to access more services in one place, Super Bundling represents a clear strategic step forward for brands like Crunchyroll to reach new audiences and further grow their subscriber base.”

    About Bango
    Bango enables content providers to reach more paying customers through global partnerships.

    Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft, trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit http://www.bango.com

    About Crunchyroll
    Crunchyroll is the global anime brand that fuels fans’ love of anime. With the ambition to make anime an even bigger part of pop culture, Crunchyroll offers fans the ultimate anime experience and destination centered around a premium streaming service. Crunchyroll has the largest dedicated anime library, an immersive world of events, exciting theatrical releases, unique games, must-have merchandise, timely news, and more. Anime is for everyone and is accessible to stream across territories through Crunchyroll—whether on the go on mobile, through gaming consoles and big-screen devices at home, or on desktops anywhere.

    Crunchyroll, LLC is an independently operated joint venture between U.S.-based Sony Pictures Entertainment and Japan’s Aniplex, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group.

    Media contact:
    Anil Malhotra, CMO, Bango
    anil@bango.com
    Tel: +44 7710 480 377

    The MIL Network –

  • MIL-OSI: SolarShare Transforms Global Renewable Energy Investment with Blockchain-Powered Solar Panel Ownership

    Source: GlobeNewswire (MIL-OSI)

    SALVADOR, Brazil, Oct. 15, 2024 (GLOBE NEWSWIRE) — SolarShare is redefining how the world invests in renewable energy by using blockchain technology to tokenize solar farms, enabling global access to clean energy projects. Individuals can now purchase solar panels as Non-Fungible Tokens (NFTs) and earn passive income from the sale of electricity generated by those panels.

    With an impressive annual dividend projected from operational solar farms, SolarShare is making it easier than ever for people to participate in renewable energy investment while helping to decrease dependence on fossil fuels.

    Operating three solar farms in Xique-Xique, Bahia, Brazil, SolarShare is expanding its reach with an ambitious growth plan. Tokenizing solar panels through NFTs gives people from all walks of life an opportunity to invest in and benefit from solar energy production. Investors receive income in USDT, a US dollar-pegged stablecoin generated by the sale of electricity from these farms.

    “Our mission at SolarShare is to open up solar energy investment to everyone,” said William Campbell, CEO and Founder of SolarShare. “We’ve made it possible for anyone, regardless of where they live, to own a piece of solar energy and benefit from the returns it offers. Whether you’re in Asia, Europe, or North America, you can now contribute to a greener world and earn up to 25% annually.”

    SolarShare’s first farm, Sunrise Solar Farm, is a 110kW facility in the sun-rich Xique-Xique region. It produces around 15,000 kWh per month using over 200 DAH Solar 555W Monocrystalline panels. Two additional farms, Sunny Valley and Helios Fields, contribute a combined output of 30,000 kWh, raising SolarShare’s total energy capacity to 45,000 kWh per month. These farms are just the beginning as the company continues to expand in regions with significant solar potential.

    Throughout the year, each farm runs its operations, generating energy that is sold on the Brazilian energy market. The revenue generated from these sales is converted into USDT and distributed among NFT holders based on the investment tier they belong to. To ensure the integrity of operations, all farms are secured with warranties and insurance coverage to address any potential unforeseen circumstances.

    SolarShare’s NFTs come in different tiers, representing varying levels of ownership. The smallest tier, a Solar Unit, is one-fifth of a solar panel, while the largest, Solar Planet, consists of 940 NFTs, equating to 188 solar panels, or a whole solar farm. Investors earn a percentage of the energy generated by these panels, with the staking of SolarShare’s native cryptocurrency, $SOLAR, enabling higher returns of up to 90% of a panel’s output.

    “We’re giving people the power to invest in something that matters,” added Campbell. “It’s not just about financial returns; it’s about having a real stake in the future of clean energy.”

    Brazil’s high solar irradiation has positioned the country as a major player in solar energy production, with a capacity that has grown from under 2GW in 2017 to over 35GW in 2024. As demand for renewable energy continues to rise, SolarShare presents a timely solution by making solar energy investments accessible on a global scale.

    “Brazil’s solar potential is immense, and we’re excited to be at the frontline of this movement,” said Campbell. “Through our partnership with Versole Energia Solar, we’re delivering high-quality solar projects that not only provide financial returns but also help reduce carbon emissions. It’s a win for investors and for the planet.”

    SolarShare’s model offers both financial and environmental benefits. Investors can expect annual returns of up to 25%, depending on energy prices and production levels. Meanwhile, the company’s commitment to sustainability ensures that funds are directed toward expanding solar energy capacity, helping to address the global climate crisis.

    SolarShare has ambitious plans to expand its operations into new regions with greater solar potential. The company is currently exploring additional farms in Brazil, other Latin American countries, and even Saudi Arabia, aiming to reach a global audience.

    “Solar energy is one of the most scalable solutions to the world’s growing energy needs,” Campbell said. “With support from our investors and partners, we’re committed to growing our platform and making SolarShare the go-to solution for solar energy investments.”

    Investing in SolarShare is simple and open to anyone. Investors can visit the SolarShare platform, purchase an NFT representing solar panel ownership, and earn dividends from the energy generated. The platform’s intuitive dashboard lets users track their energy production, earnings, and environmental impact in real time.

    SolarShare invites you to join the renewable energy revolution today. Purchase your Solar NFT, start earning, and contribute to a more sustainable future.

    Together, we can harness the sun’s power and help save the planet.

    Don’t forget to follow us on X, Discord, and Telegram to stay updated.

    In case of any queries, please contact –
    SolarShare Support
    Marketing & Support Team
    Marketing@SolarShare.io

    About SolarShare:
    SolarShare is a blockchain-powered platform that enables fractional ownership of real-world solar panels. By tokenising solar farms, SolarShare allows individuals to invest in clean energy projects and earn passive income. SolarShare is leading the charge in democratising access to renewable energy investments with a focus on transparency, sustainability, and community-driven growth.

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7bab472c-8f1c-4e48-abc2-234209bdacd0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ce65aa21-a0bd-4eca-a719-a5a6aa91759f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/48f98475-7228-470f-9f14-48a1675ea0d4

    The MIL Network –

  • MIL-OSI: FIPCOIN Sets New Standard in Cryptocurrency with Stable Value and Guaranteed Returns

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 15, 2024 (GLOBE NEWSWIRE) — The cryptocurrency sector has witnessed a range of innovative products, but few have combined stability with predictable income like FIPCOIN does. Built on the robust Binance Smart Chain (BSC), FIPCOIN offers investors fixed returns independent of market volatility. This unique digital asset blends stability, security, and consistent income, reshaping how individuals and businesses interact with cryptocurrencies.

    FIPCOIN is the brainchild of Mr Piyush Krishna, CEO and Founder of FIP Trade Factory (Fixed Income Platforms), who has an extensive background in managing fintech companies, international banking, and blockchain innovation. With a firm belief in the transformative potential of cryptocurrency, FIPCOIN emerged as the solution to many of the hurdles that traditional finance and existing cryptocurrencies face, such as transaction delays, high fees, and market volatility. FIPCOIN’s operations are supported by Fixed Income Platforms LLC, Bridge Funding & Investments Private Limited and Bridge E-Commerce & Technocrats Private Limited & Wealthwise KB

    At its core, FIPCOIN is designed to maintain its initial buying value, regardless of the turbulent fluctuations that often characterise the cryptocurrency market. This guarantees investors peace of mind by ensuring that their investments retain value while also generating fixed monthly returns. This income is supported by FIPCOIN’s High-Frequency Trading (HFT) activities, which provide steady revenue streams. Such stability makes it an attractive proposition for risk-averse investors looking for a dependable store of value in the ever-changing digital economy.

    The currency also benefits from being backed by reputable fund management firms. FIPCOIN integrates the security of traditional finance with the decentralised power of blockchain technology, making it a unique asset within the cryptocurrency sector. “FIPCOIN is a response to the pressing need for a more stable and reliable investment option in the cryptocurrency sector,” says the CEO. “Our mission is to empower investors by providing them with a predictable income stream while maintaining the integrity of their capital.”

    Traditional fiat-based systems often struggle with slow transaction times, expensive fees, and regulatory inconsistencies. FIPCOIN, leveraging blockchain’s decentralised infrastructure, provides a solution that is faster, more cost-effective, and globally accessible. By bypassing intermediaries, FIPCOIN reduces the costs associated with cross-border payments, enabling seamless international transactions that enhance global commerce.

    Visionary CEO of FIPCOIN, emphasises the coin’s potential: “FIPCOIN represents more than just a cryptocurrency; it’s the future of global payments. We’ve designed it to integrate effortlessly into existing financial systems while also offering unmatched stability and income. It is a game-changer in the world of decentralised finance.”

    FIPCOIN’s most distinctive feature lies in its fixed-income model. While most cryptocurrencies are subject to wild price swings, FIPCOIN offers consistent monthly dividends to its holders. These payments are distributed via a smart contract on the Binance Smart Chain, ensuring transparency, efficiency, and security. This is made possible by the coin’s underlying asset reserve, which supports the dividend payouts.

    “In a world where volatility is commonplace, FIPCOIN’s promise of stable, predictable returns presents a unique advantage,” states the CEO. “Our holders can benefit from the possibility of capital appreciation and consistent income, which is nearly unheard of in today’s digital asset market. However, this is a tried-and-true model we’ve applied since 2018 in our Fixed Income Platforms, where we have consistently provided fixed returns to all our clients. The only change is our transition from traditional fiat currencies to digital currencies.”

    In addition to its innovative economic model, FIPCOIN prioritises security. The platform uses multi-layered encryption and undergoes regular security audits to ensure the safety of users’ assets. Built on Binance Smart Chain’s Proof-of-Staked Authority (PoSA) protocol, the network also benefits from reduced energy consumption and enhanced scalability, further securing its position as a forward-thinking cryptocurrency.

    FIPCOIN is committed to adhering to the regulatory frameworks of various jurisdictions, aiming to build trust and legitimacy in an increasingly scrutinised market. This transparency further bolsters investor confidence, particularly in a landscape often clouded by uncertainty and regulatory challenges.

    FIPCOIN’s ecosystem goes beyond simple payments, emphasising decentralised wallets with multichain functionality that enhances security and usability on both Polygon and Binance Smart Chain. In a bid to democratise film production, FIPCOIN is launching a crowdfunding platform for movies, empowering filmmakers to fund their projects independently.

    The universal blockchain explorer will also enable users to track transactions across multiple blockchains, promoting transparency and trust. Investors can engage in an opinion trading platform with AI-powered bots to share insights and earn rewards while incorporating AI tools for cybercrime prevention, underscoring FIPCOIN’s commitment to security and innovation.

    With a total supply of 1 billion tokens, FIPCOIN has a clear and strategic token distribution model. The initial token supply stands at 200 million, with pre-sale values ranging from $0.80 to $0.90. The team has also planned systematic token burning to reduce the overall supply and encourage scarcity, which should drive up the token’s value over time.

    Looking ahead, FIPCOIN has an ambitious roadmap that includes the development of a decentralised wallet, an opinion trading platform, and a crowdfunding platform for aspiring directors. By Q4 2025, it aims to have fully launched all of its promised use cases, firmly establishing itself as a leader in the cryptocurrency space.

    With an international presence spanning India, Hong Kong, Europe, and Dubai, FIPCOIN is well-positioned to cater to a global audience. The team’s deep understanding of intricate regulatory frameworks and financial systems positions FIPCOIN to lead the way in cryptocurrency innovation.

    “Join us as we pave the way for a new era in cryptocurrency,” urges the FIPCOIN team. “Together, we can redefine the financial sector for investors worldwide.”

    As FIPCOIN prepares for its public presale, scheduled for November 2024, there has never been a better time to get involved. The coin’s ability to provide fixed returns in a market notorious for volatility makes it an ideal choice for both seasoned investors and newcomers.

    To learn more and secure your place in the ecosystem, visit FIPCOIN Presale today and be part of this financial revolution.

    You can also follow us on X, Discord, and Telegram to stay updated.

    In case of any queries, please contact
    Contact Person’s Name: Siva
    Designation: Admin
    Contact Email: admin@fipcoin.ai

    About FIPCOIN:
    FIPCOIN presents a groundbreaking concept in the world of cryptocurrency by offering fixed returns regardless of market circumstances. FIPCOIN guarantees stability by utilising its clients’ extensive cross-border transactions and established High-Frequency Trading (HFT) activities to create steady revenue streams. This unique characteristic establishes FIPCOIN as a dependable digital asset that merges capital growth opportunities with regular monthly profits.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d5ed90ec-8a23-4a15-b70c-aedea97e6a63

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9380015f-0999-454d-8660-7759c918d6db

    The MIL Network –

  • MIL-OSI United Kingdom: River of Light Shines Bright For All

    Source: City of Liverpool

    With just over a week to go until River of Light returns, Liverpool City Council unveils plans to make the popular event even more accessible, inclusive and engaging.

    Building on the success of last year, the FREE event will once again offer Quiet Hour sessions to accommodate visitors with additional sensory needs. These special sessions will run from 4-5pm on Sunday 27 and Monday 28 October, and the same times on Sunday 3 and Monday 4 November. During these hours, the 12 featured installations will have reduced soundscapes or will operate entirely without sound. Where possible, lighting will also be softened, creating a calmer environment for those with sensory sensitivities.

    This year’s light festival runs from Friday 25 October to Tuesday 5 November, taking place at the same time as Diwali – the Hindu festival of lights. To mark the cultural celebration, on Friday 1 November visitors can enjoy a programme curated by Indian arts organisation, MILAP, featuring performances by the popular Bombay Baja Brass Band and Piano with Bhav between 5-8pm– all taking place near the Rangoli Mirrored Cosmos installation by award-winning artist MURUGIAH.

    The young people’s engagement programme, developed by the City Council’s Culture Liverpool team returns this year and connects young people with three of the event’s featured artists, offering creative, hands-on workshops that encourage artistic expression and learning.

    • Families attending Granby Children’s Centre and Family Hub will have the opportunity to work with MURUGIAH, who will guide participants through the creation of Mandalas – repetitive geometric designs which represent harmony and balance.
    • Students at St John Bosco Arts College will have a masterclass in sign-making from locally commissioned artist Liz Harry, learning the art of communication through visual design.
    • Pupils at Holy Family Catholic Primary School will collaborate with Rachel Darnell and Jorge Fernandez from Australia’s Amigo & Amigo, designing and crafting their very own gnomes – inspired by their 2024 River of Light installation, No Place Like Gnome.
    • Working with the City Council’s Children and Young People’s team, there will also be a guided tour for young people who are part of the Positive Pathways scheme, aimed at those who could otherwise be at risk of being involved with anti-social behaviour.

    The theme for this year’s outdoor trail and the engagement programme is Play, tying into Liverpool’s ongoing pledge to become a recognised UNICEF UK Child Friendly City. The initiative highlights the importance of children’s rights to play, recreation, rest, and leisure, as outlined in the United Nations Convention on the Rights of the Child. #ChildFriendlyLpool

    To get the latest information visit http://www.visitliverpool.com/riveroflight or follow @visitliverpool (X, Facebook and TikTok) or @visitliverpool_ (Instagram).

    River of Light will be part-funded by the UK Government through the UK Shared Prosperity Fund with the Liverpool City Region Combined Authority as the lead authority. Avanti is the official travel partner for the event.

    Liverpool City Council’s Cabinet Member for Culture, Health and Wellbeing, Councillor Harry Doyle, said:

    “We’re thrilled to bring back the quiet hours this year after receiving such positive feedback from visitors in 2023. It brought in a new audience who hadn’t experienced the trail previously, and thanks to some adaptations to the light and sound, they felt part of this massively popular event. 

    “It’s also great to see the return of the workshops – they’re so unique, and the youngsters and the artists always get a huge amount out of the sessions. Encouraging children to express themselves through art and creativity is an incredibly powerful tool that will hopefully inspire future artists.

    “Celebrating Diwali as part of the River of Light is a fantastic way to embrace cultural diversity and unity and we’re delighted to be working with Milap on this. Bringing together communities through art, music, and tradition, fostering a real sense of belonging and is certain to be a highlight of the festival.”

    Alok Nayak, Milap’s CEO and Artistic Director, said:

    “We are excited to be part of River of Light 2024, an event that unites art, culture, and community. At Milap, we believe in the power of the arts to inspire, educate, and bring people together.

    “This is a fantastic opportunity to showcase the richness of Indian arts, while contributing to Liverpool’s dynamic cultural landscape. Diwali, the festival of light, is beautifully reflected in Liverpool’s own light festival, making our collaboration with Culture Liverpool to bring MURUGIAH’s ‘Rangoli Mirrored Cosmos’ to the city even more meaningful.

    “Rangoli patterns are recreated in homes, in designs and works of art worldwide, and this concept will come to life on Liverpool’s waterfront through MURUGIAHS’s unique reimagining. We’re eager to share this experience with the public and celebrate the positive impact of creativity and diversity!”

    Denise Wright, Liverpool City Council’s Family Learning Co-ordinator for Children Centre’s and Family Hubs, said:
    “This is a wonderful opportunity for families with young children to work with a world-renowned artist at one of our main Family Hub sites. The River of Light’s theme of PLAY this year is great for engaging families in rich creative and cultural experiences in their own communities and for connecting families to a major interactive and cultural event in the city.”

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: SHYA meets with Director of Sichuan Hong Kong and Macao Affairs Office (with photos)

    Source: Hong Kong Government special administrative region

         â€‹â€‹The Secretary for Home and Youth Affairs, Miss Alice Mak, today (October 15) met with the Director of the Hong Kong and Macao Affairs Office of the Sichuan Provincial People’s Government, Ms Zhang Tao, to exchange views on enhancing youth development and exchanges and on district governance work between Sichuan and Hong Kong. The Commissioner for Youth, Mr Eric Chan, also joined the meeting.
          
         â€‹Miss Mak welcomed the delegation led by Ms Zhang. Miss Mak said that Hong Kong and Sichuan have had a close relationship and much to learn from one another. To enhance Hong Kong youth’s understanding of the country, the Home and Youth Affairs Bureau (HYAB) has been actively taking forward various exchange and internship programmes. Some of them cover Sichuan (e.g. the Youth Internship Programme at Wolong Region of Giant Panda National Park under the Thematic Youth Internship Programmes to the Mainland) and receive staunch support from the Sichuan authorities, providing diversified exchange and internship opportunities for Hong Kong youth. With regard to district governance, the HKSAR Government has been striving to provide quality service and build a better community through the District Councils (DCs) and District Services and Community Care Teams, which is consistent with Sichuan’s objective. Miss Mak said that HYAB had arranged a series of training and study programmes for DC members, including arranging DC members to go by batches to Zhejiang Province and Shanghai to learn about the country’s principles on grassroot governance and undertake site visits to learn their experiences in undertaking grassroot governance work, so as to continuously enhance DC members’ capabilities in discharging their duties; and that the work in this regard would continue in future.
          
         â€‹Miss Mak looks forward to deepening the cooperation on youth development and exploring mutual exchange on district governance work with Sichuan, and to contribute to the country’s development needs.      

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: HHOMA presents Filipino Heritage Festival at the Capitol Complex Saturday, October 19th, 2024

    Source: US State of West Virginia

    CHARLESTON, WV – The Herbert Henderson Office of Minority Affairs (HHOMA), in partnership with the Filipino American Association of West Virginia, is excited to announce the first Filipino Heritage Festival on Saturday, October 19th, from 1-6 p.m. at the State Capitol Complex. 

    “In celebration of Filipino American History Month, HHOMA is proud to co-host the first-ever Filipino American Festival in West Virginia,” HHOMA Director Jill Upson said. “Bring your entire family to witness history being made as we celebrate our culture, heritage, and community. Don’t miss this exciting event!”

    This collaboration between HHOMA and the Filipino-American Association of West Virginia will feature dance performances, authentic Filipino cuisine, food vendors, and fun activities for all ages. This event is free of charge and open to the public.

    Festival goers are invited to bring their families and friends and immerse themselves in the rich traditions and spirits of the Filipino-American community. 

    Vendors include:
    • Filipino-American Association of WV 
     • Filipino-American Charleston
     • Filipino-American Parkersburg
     • Filipino-American Huntington
     • Filipino-American Beckley
     • Filipino-American Clarksburg
     • Filipino-American Morgantown
     • Philippines Pride Creation 

     Food Trucks include: 
     • BG’z LA Street Taco
     • A Taste of the Philippines (Mona’s Eggrolls) 
     • Coal Miners Diners Additional 
     • Hickory House
     • A Family Affairs LLP
     • Crunchy Fruit Queen
     • Nell’s Thrifty Boutique
     • Knochet Sherlock
     • Prichard’s Produce
     • Star Dreamers Production
     • Will Express Cargo LLC
     • Thelma Lansang, Realtor

    MIL OSI USA News –

  • MIL-OSI USA: UConn Deepening Ties to Capital City With ‘UConn IN Hartford’ Initiative

    Source: US State of Connecticut

    Say the words, “UConn Hartford,” and what comes to mind? The stately former Hartford Times building that has served as the flagship university’s downtown campus since its much-hailed renovation and opening in 2017?

    While the main campus is the principal nexus of UConn’s presence in Connecticut’s capital city, it’s but one of a growing number of locations, programs, and initiatives underway that deepen the University’s ties with Hartford.

    In fact, UConn’s presence in Hartford continues to grow, including plans to offer 200 beds of student housing in the bustling downtown Pratt Street district, the recent opening of a nearby research center, the growth of local internships and a planned co-op program, and other initiatives.

    UConn is working with local and state leaders, the city and regional business community, alumni, and others on the “UConn IN Hartford” initiative, which seeks to provide students a community-centered experience in the capital city while they pursue their academics at UConn.

    Gov. Ned Lamont hears about UConn’s future in Hartford (Ashley Stimpson/UConn Foundation)

    Scores of those supporters gathered recently to learn more about the university’s plans and to tour 64 Pratt St., which will be transformed from its former use as a law office into apartment-style units for about 200 UConn Hartford students.

    Lexington Partners will work with Shelbourne Properties and LAZ Investments to jointly develop the apartments, and UConn will lease the space and run it as student housing starting in fall 2026 with on-site resident advisers and a hall director.

    It’s part of a broader vision shared by UConn, state and local leaders, and others to position Hartford as a “college town,” in which students are a major part of Hartford’s culture, economy, and future.

    “These dorms will be a huge boost to our capital city, bringing 200 more UConn students downtown who will reflect the diversity and incredible strength of our state, and who are going to make a name for themselves and change the world in so many different ways,” Hartford Mayor Arunan Arulampalam said at the recent reception.

    Hartford’s diversity is evident at the UConn campus, where the majority of students are either the first generation in their family to attend college, are students of color, or both.

    About 86% received some form of financial aid last year, and about 58% received federal Pell Grants, which are awarded to the neediest students.

    In a 2023 survey, about 70% of UConn Hartford undergraduates said that they would be interested in student housing nearby, but since most said they lived with their parents, the rent would need to be affordable to make it a viable option.

    To expand access to the Pratt Street housing opportunity, the UConn Foundation has launched the new Hartford Residential Scholars Enhancement Fund, which will harness community contributions to provide stipends for qualifying students who want to live in the apartments, but couldn’t otherwise afford it.

    The housing option and the initiative to help qualifying students with the costs are closely aligned with goals in the UConn Strategic Plan, which prioritizes holistic student success, access, affordability, and the strength of UConn’s regional campuses as integral to their host communities.

    Hartford Mayor Arunan Arulampalam says UConn’s plans will be a major boost for the city (Ashley Stimpson/UConn Foundation)

    For UConn Hartford students, the student housing will provide the dual benefit of living in the vibrant downtown setting while having the kinds of supports and community-centered experiences that dorm life offers.

    “Our job as a public university is to create access and opportunities for our students to learn and grow, and in turn they give back to the communities they come from. Right here, UConn Hartford provides a beacon of hope, opportunity, and transformation for our students,” said Mark Overmyer-Velázquez, UConn Hartford’s campus dean and chief administrative officer.

    UConn Hartford is a federally designated Asian American and Native American Pacific Islander Serving Institution and, with about 20% of its population identifying as Hispanic, it is on the threshold of reaching Hispanic Serving Institution status as an emerging HSI. It also has a rich history of engagement with the city in service, academics, and research.

    UConn Hartford students can take classes in more than 36 academic departments and can pursue 10 undergraduate programs and advanced degrees fully in Hartford through the School of Business, Neag School of Education, School of Public Policy, and School of Social Work. They may also elect to transfer to Storrs with the credits they have earned.

    “They have the ability to do all of that at the scale of a small liberal arts college, with all of the rich benefits that UConn offers as a Research 1 university,” Overmyer-Velázquez said.

    UConn’s presence in Hartford also includes the School of Law in the West End; the main campus at 10 Prospect St. and the nearby School of Social Work at 38 Prospect St.; UConn Health’s Health Disparities Institute at 241 Main St.; and the Graduate Business Learning Center, Connecticut Center for Entrepreneurship & Innovation’s BUILD Hartford course, both at Constitution Plaza.

    The newest UConn presence in Hartford is a big one: The University recently opened its new Community Intersections & Innovation Space for research and academic uses at 229 Trumbull St, also known as Hartford 21 (H21), very close to the student housing location.

    UConn is leasing space in that office building to house lecture halls, academic centers, classrooms, and faculty offices, providing opportunities to partner on support for community engagement, and on research projects and research grants.

    UConn President Radenka Maric talks with stakeholders about UConn’s future in Hartford (Ashley Stimpson/UConn Foundation)

    UConn moved its campus from West Hartford to its current location in 2017, and has worked since then to position it as a centerpiece of a thriving capital city by bringing people downtown to learn, live, and support the regional economy.

    The University has also significantly bolstered the wrap-around student services available UConn Hartford and other regional campuses. They include increasing medical and mental health care, adding Husky Harvest food pantries, helping students establish and expand clubs, boosting on-site career services, and other academic and social programs to help build a sense of community and support student success.

    Connecticut State House of Representatives Speaker Matt Ritter, D-Hartford (’07 LAW), noted at the recent reception that after the pandemic, many companies vacated their city office spaces as more employees worked remotely. Student housing like UConn’s planned units are a critical evolution in the vitality of those communities, he said.

    “This is such a big deal because of what it’s going to lead to,” Ritter said. “This is going to be what UConn is about: UConn changes the lives of young people and communities that it impacts.”

    MIL OSI USA News –

  • MIL-OSI China: China’s first cross-border tourism cooperation zone operational

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

    NANNING, Oct. 15 — The China-Vietnam Detian-Ban Gioc Waterfall cross-border tourism cooperation zone, with the Chinese part in Chongzuo, a border city in south China’s Guangxi Zhuang Autonomous Region, went into operation on Tuesday.

    As China’s first cross-border tourism cooperation zone, the Chinese part of the zone spans approximately 2 square kilometers. The zone began trial operations in September 2023.

    The Detian-Ban Gioc Waterfall is the biggest cross-border waterfall in Asia. Within the cooperation zone, tourists enjoy facilitated customs clearance services, according to local border inspection authorities in Guangxi.

    The official launch of the cross-border tourism cooperation zone is expected to yield valuable insights for the high-level opening up and collaboration between the two countries, said Hu Fan, vice chairman of Guangxi.

    MIL OSI China News –

  • MIL-OSI Banking: Escalating cyber threats demand stronger global defense and cooperation

    Source: Microsoft

    Headline: Escalating cyber threats demand stronger global defense and cooperation

    Microsoft customers face more than 600 million cybercriminal and nation-state attacks every day, ranging from ransomware to phishing to identity attacks. Once again, nation-state affiliated threat actors demonstrated that cyber operations—whether for espionage, destruction, or influence—play a persistent supporting role in broader geopolitical conflicts. Also fueling the escalation in cyberattacks, we are seeing increasing evidence of the collusion of cybercrime gangs with nation-state groups sharing tools and techniques.  

    We must find a way to stem the tide of this malicious cyber activity. That includes continuing to harden our digital domains to protect our networks, data, and people at all levels. However, this challenge will not be accomplished solely by executing a checklist of cyber hygiene measures but only through a focus on and commitment to the foundations of cyber defense from the individual user to the corporate executive and to government leaders.

    These are some of the insights from the fifth annual Microsoft Digital Defense Report, which covers trends between July 2023 and June 2024. 

    State-affiliated actors increasingly are using cybercriminals and their tools.  

    Over the last year, Microsoft observed nation state actors conduct operations for financial gain, enlist cybercriminals to collect intelligence, particularly on the Ukrainian military, and make use of the same infostealers, command and control frameworks, and other tools favored by the cybercriminal community. Specifically:  

    • Russian threat actors appear to have outsourced some of their cyberespionage operations to criminal groups, especially operations targeting Ukraine. In June 2024, a suspected cybercrime group used commodity malware to compromise at least 50 Ukrainian military devices.  
    • Iranian nation state actors used ransomware in a cyber-enabled influence operation, marketing stolen Israeli dating website data. They offered to remove specific individual profiles from their data repository for a fee. 
    • North Korea is getting into the ransomware game. A newly-identified North Korean actor developed a custom ransomware variant called FakePenny, which it deployed at organizations in aerospace and defense after exfiltrating data from the impacted networks—demonstrating both intelligence gathering and monetization motivations.  

    Nation state activity was heavily concentrated around sites of active military conflict or regional tension 

    Aside from the United States and the United Kingdom, most of the nation-state-affiliated cyber threat activity we observed was concentrated around Israel, Ukraine, the United Arab Emirates, and Taiwan. In addition, Iran and Russia have used both the Russia-Ukraine war and the Israel-Hamas conflict to spread divisive and misleading messages through propaganda campaigns that extend their influence beyond the geographical boundaries of the conflict zones, demonstrating the globalized nature of hybrid warfare.  

    • Approximately 75% of Russian targets were in Ukraine or a NATO member state, as Moscow seeks to collect intelligence on the West’s policies on the war. 
    • Chinese threat actors’ targeting efforts remain similar to the last few years in terms of geographies targeted—Taiwan being a focus, as well as countries within Southeast Asia—and intensity of targeting per location. 
    • Iran placed significant focus on Israel, especially after the outbreak of the Israel-Hamas war. Iranian actors continued to target the US and Gulf countries, including the UAE and Bahrain, in part because of their normalization of ties with Israel and Tehran’s perception that they are both enabling Israel’s war efforts. 
    Example of Iran’s targeting shift following the start of the Israel-Hamas conflict.

    Russia, Iran, and China focus in on the U.S. election 

    Russia, Iran, and China have all used ongoing geopolitical matters to drive discord on sensitive domestic issues leading up to the U.S. election, seeking to sway audiences in the U.S. to one party or candidate over another, or to degrade confidence in elections as a foundation of democracy. As we’ve reported, Iran and Russia have been the most active, and we expect this activity to continue to accelerate over the next two weeks ahead of the U.S. election.  

    In addition, Microsoft has observed a surge in election-related homoglyph domains—or spoofed links—delivering phishing and malware payloads. We believe these domains are examples both of cybercriminal activity driven by profit and of reconnaissance by nation-state threat actors in pursuit of political goals. At present, we are monitoring over 10,000 homoglyphs to detect possible impersonations. Our objective is to ensure Microsoft is not hosting malicious infrastructure and inform customers who might be victims of such impersonation threats.  

    Financially motivated cybercrime and fraud remain a persistent threat  

    While nation-state attacks continue to be a concern, so are financially motivated cyberattacks. In the past year Microsoft observed:   

    • A 2.75x increase year over year in ransomware attacks. Importantly, however, there was a threefold decrease in ransom attacks reaching the encryption stage. The most prevalent initial access techniques continue to be social engineering—specifically email phishing, SMS phishing, and voice phishing—but also identity compromise and exploiting vulnerabilities in public facing applications or unpatched operating systems. 
    • Tech scams skyrocketed 400% since 2022. In the past year, Microsoft observed a significant uptick in tech scam traffic with daily frequency surging from 7,000 in 2023 to 100,000 in 2024. Over 70% of malicious infrastructure was active for less than two hours, meaning they may be gone before they’re even detected. This rapid turnover rate underscores the need for more agile and effective cybersecurity measures. 

    Threat actors are experimenting with generative AI 

    Last year, we started to see threat actors—both cybercriminals and nation states—experimenting with AI. Just as AI is increasingly used to help people be more efficient, threat actors are learning how they can use AI efficiencies to target victims. With influence operations, China-affiliated actors favor AI-generated imagery, while Russia-affiliated actors use audio-focused AI across mediums. So far, we have not observed this content being effective in swaying audiences.  

    Nation-state adversarial use of AI in influence operations.

    But the story of AI and cybersecurity is also a potentially optimistic one. While still in its early days, AI has shown its benefits to cybersecurity professionals by acting as a tool to help respond in a fraction of the time it would take a person to manually process a multitude of alerts, malicious code files, and corresponding impact analysis. We continue to innovate our technology to find new ways that AI can benefit and strengthen cybersecurity.   

    Collaboration remains crucial to strengthening cybersecurity. 

    With more than 600 million attacks per day targeting Microsoft customers alone, there must be countervailing pressure to reduce the overall number of attacks online. Effective deterrence can be achieved in two ways: by denial of intrusions or by imposing consequences for malicious behavior. Microsoft continues to do our part to reduce intrusions and has committed to taking steps to protect ourselves and our customers through our Secure Future Initiative. 

    While the industry must do more to deny the efforts of attackers via better cybersecurity, this needs to be paired with government action to impose consequences that further discourage the most harmful cyberattacks. Success can only be achieved by combining defense with deterrence. In recent years, a great deal of attention has been given to the development of international norms of conduct in cyberspace. However, those norms so far lack meaningful consequence for their violation, and nation-state attacks have been undeterred, increasing in volume and aggression. To shift the playing field, it will take conscientiousness and commitment by both the public and private sectors so that attackers no longer have the advantage.  

    Microsoft continues to share important threat intelligence with the community, including our recent Cyber Signals research looking at cyber risks in the education sector. 

    Tags: AI, artificial intelligence, China, cyberattacks, cybercrime, cybersecurity, election, elections, generative ai, Hamas, homoglyphs, Iran, Israel, malware, Microsoft Digital Defense Report, NATO, North Korea, phishing, Russia, Secure Future Initiative, Tech scams, Ukraine, United Kingdom, United States

    MIL OSI Global Banks –

  • MIL-OSI Economics: Apple introduces powerful new iPad mini built for Apple Intelligence

    Source: Apple

    Headline: Apple introduces powerful new iPad mini built for Apple Intelligence

    October 15, 2024

    PRESS RELEASE

    Apple introduces powerful new iPad mini built for Apple Intelligence

    The ultraportable iPad mini is more capable and versatile than ever with the powerful A17 Pro chip and support for Apple Pencil Pro

    CUPERTINO, CALIFORNIA Apple today introduced the new iPad mini, supercharged by the A17 Pro chip and Apple Intelligence, the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. With a beloved ultraportable design, the new iPad mini is available in four gorgeous finishes, including a new blue and purple, and features the brilliant 8.3-inch Liquid Retina display. A17 Pro delivers a huge performance boost for even the most demanding tasks, with a faster CPU and GPU, a 2x faster Neural Engine than the previous-generation iPad mini,1 and support for Apple Intelligence. The versatility and advanced capabilities of the new iPad mini are taken to a whole new level with support for Apple Pencil Pro, opening up entirely new ways to be even more productive and creative. The 12MP wide back camera supports Smart HDR 4 for natural-looking photos with increased dynamic range, and uses machine learning to detect and scan documents right in the Camera app.

    The new iPad mini features all-day battery life and brand-new experiences with iPadOS 18. Starting at just $499 with 128GB — double the storage of the previous generation — the new iPad mini delivers incredible value and the full iPad experience in an ultraportable design. Customers can pre-order the new iPad mini today, with availability beginning Wednesday, October 23.

    “There is no other device in the world like iPad mini, beloved for its combination of powerful performance and versatility in our most ultraportable design. iPad mini appeals to a wide range of users and has been built for Apple Intelligence, delivering intelligent new features that are powerful, personal, and private,” said Bob Borchers, Apple’s vice president of Worldwide Product Marketing. “With the powerful A17 Pro chip, faster connectivity, and support for Apple Pencil Pro, the new iPad mini delivers the full iPad experience in our most portable design at an incredible value.”

    A17 Pro Unlocks Powerful Performance

    The new iPad mini gets a major update with A17 Pro, delivering incredible performance and power efficiency in an ultraportable design. A17 Pro is a powerful chip that unlocks a number of improvements over A15 Bionic in the previous-generation iPad mini. With a 6-core CPU — two performance cores and four efficiency cores — A17 Pro delivers a 30 percent boost in CPU performance.1 A17 Pro also brings a boost in graphics performance with a 5-core GPU, delivering a 25 percent jump over the previous generation.1 A17 Pro brings entirely new experiences — including pro apps used by designers, pilots, doctors, and others — and makes it faster than ever for users to edit photos, dive into more immersive AR applications, and more. The new iPad mini brings true-to-life gaming with hardware-accelerated ray tracing — which is 4x faster than software-based ray tracing — as well as support for Dynamic Caching and hardware-accelerated mesh shading. From creating engaging content faster than ever in Affinity Designer, to playing demanding, graphics-intensive AAA games like Zenless Zone Zero, users can take the powerful performance and ultraportable iPad mini anywhere.

    Built for Apple Intelligence

    With the power of the A17 Pro chip, the new iPad mini delivers support for Apple Intelligence. Deeply integrated into iPadOS 18, Apple Intelligence harnesses the power of Apple silicon and Apple-built generative models to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. Many of the models that power Apple Intelligence run entirely on device, and Private Cloud Compute offers the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers.

    The first set of Apple Intelligence features will be available in U.S. English this month through a free software update with iPadOS 18.1, and available for iPad with A17 Pro or M1 and later. Apple Intelligence delivers experiences that are delightful, intuitive, easy to use, and specially designed to help users do the things that matter most to them:2

    • With Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write, including Mail, Notes, Pages, and third-party apps.
    • Siri becomes more deeply integrated into the system experience and gets a new design with an elegant glowing light that wraps around the edge of the screen when active on iPad. With richer language-understanding capabilities, communicating with Siri is more natural and flexible. Siri can follow along when users stumble over their words, can maintain context from one request to the next, and now, users can type to Siri. Siri also has extensive product knowledge to answer questions about features on iPad and other Apple devices.
    • In Photos, the Memories feature now enables users to create the movies they want to see by simply typing a description, and with the new Clean Up tool, they can identify and remove distracting objects in the background of a photo — without accidentally altering the subject.

    Additional Apple Intelligence features will be rolling out over the next several months:

    • Image Playground allows users to create playful images in moments.
    • Image Wand is a new tool in the Apple Pencil tool palette that can transform a rough sketch into a polished image.
    • Emoji will be taken to an entirely new level with the ability to create original Genmoji by simply typing a description, or by selecting a photo of a friend or family member.
    • Siri will be able to draw on a user’s personal context to deliver intelligence that is tailored to them. It will also gain onscreen awareness to understand and take action with users’ content, as well as take hundreds of new actions in and across Apple and third-party apps.
    • With ChatGPT integrated into experiences within iPadOS 18, users have the option to access its expertise, as well as its image- and document-understanding capabilities, within Siri and Writing Tools without needing to jump between tools. And privacy protections are built in so a user’s IP address is obscured, and OpenAI won’t store requests. Users can access ChatGPT for free without creating an account, and ChatGPT’s data-use policies apply for those who choose to connect their account.

    Even Faster Connectivity

    With faster wireless and wired connectivity, users can do even more on iPad mini while on the go. The new iPad mini supports Wi-Fi 6E, which delivers up to twice the performance than the previous generation,3 so users can download files, play games online, and stream movies even faster. Wi-Fi + Cellular models with 5G allow users to access their files, communicate with peers, and back up their data in a snap while on the go. Cellular models of the new iPad mini are activated with eSIM, a more secure alternative to a physical SIM card, allowing users to quickly connect and transfer their existing plans digitally, and store multiple cellular plans on a single device. Customers can easily get connected to wireless data plans on the new iPad mini in over 190 countries and regions around the world without needing to get a physical SIM card from a local carrier. The USB-C port is now up to 2x faster than the previous generation, with data transfers up to 10Gbps, so importing large photos and videos is even quicker.

    Incredible Camera Experience

    Great cameras, along with the incredibly portable form factor of iPad mini, enable powerful mobile workflows. The 12MP wide back camera delivers gorgeous photos, and with Smart HDR 4, they will be even more detailed and vivid. Utilizing the powerful 16-core Neural Engine, the new iPad mini uses artificial intelligence (AI) to automatically identify documents right in the Camera app and can use the new True Tone flash to remove shadows from the document. The 12MP Ultra Wide front-facing camera in portrait orientation, with support for Center Stage, is great for all the ways customers use iPad mini.

    Magical Capabilities with Apple Pencil Pro

    Apple Pencil Pro unlocks magical capabilities and powerful interactions, turning iPad mini into a sketchbook users can take anywhere. Apple Pencil Pro can sense a user’s squeeze, bringing up a tool palette to quickly switch tools, line weights, and colors, all without interrupting the creative process. A custom haptic engine delivers a light tap that provides confirmation when users squeeze, double-tap, or snap to a Smart Shape for a remarkably intuitive experience. Users can roll Apple Pencil Pro for precise control of the tool they’re using. Rotating the barrel changes the orientation of shaped pen and brush tools, just like pen and paper, and with Apple Pencil hover, users can visualize the exact orientation of a tool before making a mark. Apple Pencil Pro features support for Find My, and pairs, charges, and is stored through a new magnetic interface on the new iPad mini. iPad mini also supports Apple Pencil (USB-C), ideal for note taking, sketching, annotating, journaling, and more, at a great value.

    iPadOS 18 Brings Powerful and Intelligent New Features

    In addition to the groundbreaking capabilities of Apple Intelligence, iPadOS 18 brings powerful features that enhance the iPad experience, making it more versatile and intelligent than ever. iPadOS also has advanced frameworks like Core ML that make it easy for developers to tap into the Neural Engine to deliver powerful AI features right on device.

    • Designed for the unique capabilities of iPad, Calculator delivers an entirely new way to use Apple Pencil to solve expressions, as well as basic and scientific calculators with a new history function and unit conversions. With Math Notes, users are now able to type mathematical expressions or write them out to see them instantly solved in handwriting like their own. They can also create and use variables, and add an equation to insert a graph. Users can also access their Math Notes in the Notes app, and use all of the math functionality in any of their other notes.
    • In the Notes app, handwritten notes become more fluid, flexible, and easy to read with Smart Script and the power of Apple Pencil. Smart Script unleashes powerful new capabilities for users editing handwritten text, allowing them to easily add space, or even paste typed text in their own handwriting. And as users write with Apple Pencil, their handwriting will be automatically refined in real time to be smoother, straighter, and more legible.
    • With new Audio Recording and Transcription, iPad can capture a lecture or conversation, and transcripts are synced with the audio, so users can search for an exact moment in the recording.
    • New levels of customization come to iPad, and users have even more options to express themselves through the Home Screen with app icons and widgets that can be placed in any open position. App icons and widgets can take on a new look with a dark or tinted effect, and users can make them appear larger to create the experience that is perfect for them. Control Center has been redesigned to provide easier access to many of the things users do every day, delivering quick access to new groups of a user’s most-utilized controls. Users can even organize new controls from third-party apps in the redesigned Control Center.
    • The Photos app receives its biggest update ever, bringing users powerful new tools that make it easier to find what they are looking for with a simplified and customizable app layout that takes advantage of the larger display on iPad and helps users browse by themes without having to organize content into albums.
    • Users have new ways to stay connected and express themselves in Messages, with all-new animated text effects, redesigned Tapbacks, and the ability to schedule messages to send at a later time.

    Better for the Environment

    The new iPad mini is designed with the environment in mind, including 100 percent recycled aluminum in the enclosure, 100 percent recycled rare earth elements in all magnets, and 100 percent recycled gold plating and tin soldering in multiple printed circuit boards. The new iPad mini meets Apple’s high standards for energy efficiency, and is free of mercury, brominated flame retardants, and PVC. The packaging is 100 percent fiber-based, bringing Apple closer to its goal to remove plastic from all packaging by 2025.

    Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.

    Pricing and Availability

    • Customers can pre-order the new iPad mini starting today, October 15, on apple.com/store, and in the Apple Store app in 29 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, starting Wednesday, October 23.
    • Available in blue, purple, starlight, and space gray, the new iPad mini starts at $499 (U.S.) for the Wi-Fi model, and $649 (U.S.) for the Wi-Fi + Cellular model.
    • The new iPad mini starts with 128GB of storage — double the storage of the previous generation. The new iPad mini is also available in 256GB and 512GB configurations.
    • For education, the new iPad mini starts at $449 (U.S.). Education pricing is available to current and newly accepted college students and their parents, as well as faculty, staff, and home-school teachers of all grade levels. For more information, visit apple.com/us-hed/shop.
    • Apple Pencil Pro is compatible with the new iPad mini. It is available for $129 (U.S.), and $119 (U.S.) for education. Apple Pencil (USB-C) is available for $79 (U.S.), and $69 (U.S.) for education.
    • The new Smart Folio, available in charcoal gray, light violet, denim, and sage, is $59 (U.S.).
    • Apple offers great ways to save on the latest iPad. Customers can trade in their current iPad and get credit toward a new one by visiting the Apple Store online, the Apple Store app, or an Apple Store location. To see what their device is worth and for terms and conditions, customers can visit apple.com/shop/trade-in.
    • Customers in the U.S. who shop at Apple using Apple Card can pay monthly at 0 percent APR when they choose to check out with Apple Card Monthly Installments, and they’ll get 3 percent Daily Cash back — all up front. More information — including details on eligibility, exclusions, and Apple Card terms — is available at apple.com/apple-card/monthly-installments.
    • AppleCare+ for iPad provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know iPad best.
    • Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk customers through setup, or focus on features that help them make the most of their new device.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Testing conducted by Apple in September 2024 using preproduction iPad mini (A17 Pro) and production iPad mini (6th generation) units. Tested with Affinity Photo 2 v2.5.5.2636 using the built-in benchmark version 25000. Performance tests are conducted using specific iPad units and reflect the approximate performance of iPad mini.
    2. Apple Intelligence will be available as a free software update for iPad with A17 Pro or M1 and later with device and Siri language set to U.S. English. The first set of features will be available in beta this month with iPadOS 18.1 with more features rolling out in the months to come. Later this year, Apple Intelligence will add support for localized English in Australia, Canada, New Zealand, South Africa, and the U.K. In the coming year, Apple Intelligence will expand to more languages, like Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and others.
    3. Wi‑Fi 6E available in countries and regions where supported.

    Press Contacts

    Tara Courtney

    Apple

    tcourtney@apple.com

    Skylar Eisenhart

    Apple

    s_eisenhart@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • MIL-OSI Economics: Advancements in robotics continue to transform oil and gas operations, says GlobalData

    Source: GlobalData

    Advancements in robotics continue to transform oil and gas operations, says GlobalData

    Posted in Oil & Gas

    With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data and analytics company,

    GlobalData’s thematic report, “Robotics in Oil and Gas,” provides an overview of robotics technology and its applications in the oil and gas industry. It also highlights the role of major oil and gas companies, such as ADNOC, BP, Eni, Equinor, ExxonMobil, Repsol, Rosneft, Shell, and TotalEnergies in the development and adoption of robotics to enhance safety and productivity on the field.

    Ravindra Puranik, Oil and Gas Analyst at GlobalData, comments: “Robots are proving invaluable to execute complex tasks at production facilities, thereby protecting workers from hazardous environments and reducing the likelihood of costly shutdowns. As a result, companies such as Equinor, TotalEnergies, and Shell are deploying them to work alongside humans on offshore sites. For instance, robotic automation can manage remote operations, such as those conducted on Equinor’s Oseberg H platform in the North Sea. Their ability to perform repetitive and mundane tasks with minimal errors is saving time and internal resources for companies. Furthermore, it allows them to deploy field technicians on more critical issues.”

    Oil and gas operations are labor-intensive and involve numerous repetitive tasks, many of which occur in hazardous environments and face various obstacles. Robotics presents an excellent solution to many challenges within the industry, as they can handle more strenuous tasks and complex procedures more effectively than humans.

    Puranik continues: “Robots provide greater reliability and efficiency in completing assigned tasks while also enhancing operational safety. The integration of terrestrial, aerial, and underwater robots is already playing a crucial role in several high-stakes oil and gas projects throughout the value chain. French oil major TotalEnergies, in collaboration with Oceaneering, recently conducted a pilot inspection of subsea pipelines in the North Sea using autonomous underwater vehicles (AUVs).”

    Robots can access hard-to-reach areas, carry out tasks beyond human capabilities, and operate continuously without needing breaks. Hence, they are being utilized as effective solutions for conducting inspections in difficult or hazardous environments, thereby avoiding preventing human exposure to such sites. Recently, cleaning of storage tanks is emerging as another prominent use case for robotics with companies, such as Saudi Aramco, Woodside, SK Innovation, and Indian Oil Corp, exploring the potential of robotic crawlers in this application.

    Puranik concludes: “Advancements in technology have equipped robots to effectively replace field personnel on oil rigs. Additionally, there is an increase in collaboration between oil and gas companies and technology vendors, enabling the diversification of robotic use cases with the integration of AI, IoT, cloud, and edge computing. These developments are anticipated to drive future growth in robotics within the oil and gas sector, reducing risks to human workers who operate alongside heavy machinery in often remote and challenging environments.”

    MIL OSI Economics –

  • MIL-OSI Security: Defense News: Former SECDEF Panetta Shared Concerns, Insights During Guest Lecture at NPS

    Source: United States Navy

    With decades of public service, Panetta offered frank advice and lessons learned to the more than 1,300 students, faculty and staff gathered in the packed NPS King Hall auditorium.  

    “Fundamental to everything our democracy stands for is leadership, and that requires character, integrity, and courage,” said Panetta. “Those qualities are abundant in this room, and being selected to come to NPS further sets you apart. When you graduate, you will carry the additional obligation to do more, take risks, make hard decisions and lead solutions to complex national defense challenges if we’re going to remain the world’s strongest democracy.”

    In his opening comments, Panetta stressed the importance of alliances in addressing today’s conflicts, and terrorism instigated and supported by a growing axis of autocracies lead by China, Russia, Iran and North Korea.

    “Our adversaries are actively working to undermine trust,” Panetta remarked. “When our nation is distracted, tyrants will fill the void. The leader’s job is not to point fingers, but to point out falsehoods and elevate reality so we can agree on the problem, then work together to address it.  Across the aisle, or across alliances, that’s how leaders get things done. That’s how we win.”

    The “Fireside Chat” was moderated by retired U.S. Army Lt. Gen. Eric Wendt, a former Special Forces Green Beret and current professor of practice in the school’s Department of Defense Analysis, and an NPS distinguished alumnus. When asked the one thing he would do to improve DOD today, Panetta responded, “There are many things, but the one thing I am most concerned about is speed.”

    “We need DOD bureaucracy to move at the speed of technology,” added Panetta. “I’m concerned that we can’t act swiftly enough to ensure our advantage by leveraging and learning about cutting edge technologies. Industry is setting the pace, and much of it is American innovation, but we need to apply innovative thinking to how we acquire, adapt and adopt technology to meet capability needs. I believe NPS and the future Naval Innovation Center at NPS are parts of the solution.”

    During his visit, Panetta also spoke with Defense Analysis students in the DA 3900 Command and Leadership course taught by Wendt, where he further encouraged students to apply their operational experience, NPS education and research to solving the most vexing challenges facing DOD.

    Before leading the DOD, Panetta served as a member of the United States House of Representatives, director of the Office of Management and Budget, White House Chief of Staff, and as Director of the Central Intelligence Agency.

    Today, Panetta co-directs with his wife, Sylvia, the Panetta Institute for Public Policy, based at California State University, Monterey Bay. The Institute is a nonpartisan, not-for-profit center that seeks to instill in young men and women the virtues and values of public service.

    • For more information on the Secretary of the Navy Guest Lecture program at NPS, and to watch past lectures, visit https://nps.edu/sgls

    Learn more about the NPS Department of Defense Analysis at https://nps.edu/web/da

    MIL Security OSI –

  • MIL-OSI Economics: Vietnam debit card payments market to surpass $65 billion in 2028, forecasts GlobalData

    Source: GlobalData

    Vietnam debit card payments market to surpass $65 billion in 2028, forecasts GlobalData

    Posted in Banking

    The Vietnamese debit card payments market is forecast to register a compound annual growth rate (CAGR) of 13.7% between 2024 and 2028 to reach VND1,559.6 trillion ($65.6 billion) in 2028, supported by rise in banked and card penetration as well as constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company.

    GlobalData’s Payment Cards Analytics reveals that card payment value in Vietnam registered a growth of 46.2% in 2022, driven by a rise in consumer spending. The value grew further to register a growth of 18.4% to reach VND804.2 trillion ($33.8 billion) in 2023.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Cash continues to dominate the payment market in Vietnam, but the tide is slowly turning as the government and regulatory authorities introduce initiatives to boost non-cash payments and enhance access to banking services thereby benefiting card payments.”

    To drive debit card adoption, the government and commercial banks have taken steps such as launching financial literacy programs and the introduction of remote banking options. Although debit cards are traditionally used for cash withdrawals, they are gradually being embraced for payments—especially low-value transactions. This has been driven by rising consumer awareness, the introduction of contactless debit cards, and the expansion of the country’s POS network.

    The availability of basic bank accounts and a focus on financial inclusion have contributed to the strong penetration of debit cards in the country. This is supported by the country’s growing banked population, which rose from 34.9% in 2019 to 58.8% in 2024. Debit cards are generally offered as a complementary product when consumers open a bank account. In line with the government’s financial inclusion initiatives, banks are expanding their services to remote locations.

    Debit cards are the preferred card type for payments market in Vietnam, accounting for 66.3% of total card payments value in 2023. Despite high share, their usage remains mostly limited to cash withdrawals with debit cards’ frequency for payments standing at just 4.2 transactions per card as of 2024, with more needs to be done to encourage debit card usage for payments both at merchant and consumer level.

    Vietnam and the central bank took steps to promote digital payments in the country. In October 2021, the government approved the Project for the Development of Non-Cash Payments for 2021-25. The project is aimed at achieving various goals by 2025, including boosting the value of non-cash payments, expanding the number of establishments that accept non-cash payments, and raising the proportion of individuals aged 15 and above who hold transaction accounts at banks to 80%.

    Sharma concludes: “Vietnam’s payment market is slowly transitioning from a cash-dominated society to one that embraces electronic payments. With the increasing number of digital-only banks, the emergence of payment card technologies, and the development of payment infrastructure, the debit card payment market in Vietnam is set to expand significantly in the coming years. The market is forecast to grow by 16.1% to reach VND934 trillion ($39.3 billion) in 2024.”

    MIL OSI Economics –

  • MIL-OSI Security: Defense News: USS Frank Cable conducts Port Visit in Jeju-Do, Republic of Korea

    Source: United States Navy

    JEJU-DO, South Korea (Oct. 13, 2024) – Forward-deployed U.S. Navy submarine tender USS Frank Cable (AS 40) departed the island of Jeju-Do, Oct. 13, after a scheduled port visit.
    Seven decades ago, the United States and Republic of Korea (ROK) signed the U.S.-ROK Mutual Defense Treaty and established an alliance that has proven to be among the most capable, cooperative, and durable in the world. Frank Cable’s visit highlights the enduring nature of the U.S.-ROK partnership.

    “This port visit was an outstanding opportunity to strengthen the relationship between our people and our navies,” said Capt. Mike Thompson, commanding officer, USS Frank Cable. “It was an honor to meet our counterparts from the Republic of Korea navy and to build bonds that benefit the entire region. As a nation, we strive to strengthen deterrence and modernize the U.S.-ROK Alliance through regular bilateral consultations, exercises, and strategic asset deployments. This visit, and visits like this, enhance our interoperability with a key ally and ensure our readiness to address shared maritime security challenges.”

    Over the past four days in port, Frank Cable brought alongside ROK Na Dae-Yong (SS-069), a Chang Bogo-class submarine, in order to provide services and further demonstrate Frank Cable’s ability to repair allied submarines across the Indo-Pacific region. Frank Cable also conducted key leader engagements, hosted ship tours for ROK civilian and naval personnel, and embraced the opportunity to explore the local community and culture on Jeju-Do Island.
    While aboard Frank Cable, ROK visitors walked the ship’s main spaces, met with command leadership and heard from Frank Cable Sailors in the Repair, Weapons, Supply, Medical, and Deck departments. These Sailors highlighted the scope of expeditionary submarine tender capabilities through a variety of displays and demonstrations.
    Frank Cable personnel were also invited to tour the ROK Na Dae-Yong. Named in honor of a Korean naval officer and acclaimed ship designer, the Na Dae-Yong utilizes a diesel-electric power plant and was commissioned in 2000.

    “I was thrilled to get to tour the Na Dae-Yong while here in the South Korea,” said MMN1 Gregory Ray, from Snohomish, Washington. “I’ve been on three different classes of U.S. submarines, but never a foreign submarine, and it still surprises me how different the manning and configurations can be in order to successfully execute the mission.”
    The timing of this port visit was particularly special for both nations in light of the anniversaries that surround it. Frank Cable’s visit not only coincided with the U.S. Navy’s 249th birthday, but also comes just days after the anniversary of the U.S.-ROK Mutual Defense Treaty, codified Oct. 1, 1953.

    Frank Cable, forward-deployed to the island of Guam, provides expeditionary intermediate-level maintenance, services, and logistics support to deployed submarines and surface vessels in the Indo-Pacific region. Frank Cable is currently conducting routine operations in support of national security in the U.S. 7th Fleet area of operations.
    Under Commander, U.S. Pacific Fleet, U.S. 7th Fleet is the U.S. Navy’s largest forward-deployed numbered fleet, and routinely operates with allies and partners in preserving a free and open Indo-Pacific region.

    For more information about Frank Cable visit our Facebook page http://www.facebook.com/FrankCableAS40 .
    Are you interested in taking orders to Guam? Want to learn more about the duty station and life on our island? For more information, check out the ‘Go Guam!’ website at http://www.csp.navy.mil/go-guam/ and download the ‘1st Fifteen’ checklist.

    MIL Security OSI –

  • MIL-OSI: Arcis Capital Partners LLC Renamed As Quartus Capital Partners LLC With Renewed Focus on AI and Technology Investments

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Quartus Capital Partners LLC, formerly known as Arcis Capital Partners LLC, is unveiling a bold new identity as part of its evolution into an Artificial Intelligence (AI) and technology investment firm.

    The rebranding as Quartus Capital Partners signifies a renewed focus on AI and technology investments—sectors that are not only burgeoning with innovation but also offer significant opportunities for growth and impact.

    “With the rebranding to Quartus Capital Partners, we harness our historical strengths and channel them into new opportunities, allowing us to remain at the leading edge of AI and technology investments,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. This new identity is a testament to our enduring commitment to lead and shape the markets of tomorrow by driving innovation and excellence in AI and technology ventures.

    Leading with Expertise: The Quartus Edge

    Quartus Capital Partners’ leadership team boasts over 30 years of expertise in AI and technology, offering unique insights into high-growth potential sectors. As a firm, we don’t just invest—we partner with companies, leveraging our deep expertise in growth and performance improvement to unlock their true potential.

    Venture Growth Equity Strategy with a Performance Edge

    Our strategy goes beyond typical venture investments. Quartus Capital Partners specializes in growth-stage ventures, combining the high-upside potential of venture capital with the downside risk protections usually seen in buyouts. With our deep expertise in growth and performance improvement, we help turn growth-stage ventures into market leaders poised for long-term success.

    Transforming Industries, Shaping the Future
    “At Quartus, we believe in the power of AI and technology to not only drive financial returns but to create lasting, positive change,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. “We’re investing in the future, in companies that are not just part of the AI revolution, but are leading it.”

    About Quartus Capital Partners
    Quartus Capital Partners is an AI and technology investment firm with partner presence in New York City, Miami, Silicon Valley and Asia. Led by AI pioneers, technologists, and seasoned operators, we specialize in scaling growth-stage technology ventures. Our mission is to create market leaders that will define the future, improve performance across industries and make positive impact.

    Media Contact

    info@quartuscap.com

    The MIL Network –

  • MIL-OSI Asia-Pac: HK-Sichuan ties discussed

    Source: Hong Kong Information Services

    Secretary for Home & Youth Affairs Alice Mak today met Sichuan Provincial People’s Government Hong Kong & Macao Affairs Office Director Zhang Tao to exchange views on enhancing youth development and exchanges and on district governance work between Sichuan and Hong Kong.

    Welcoming the delegation led by Ms Zhang, Miss Mak said that Hong Kong and Sichuan have a close relationship and much to learn from one another.

    She noted that to enhance Hong Kong youth’s understanding of the country, the Home & Youth Affairs Bureau has been actively taking forward various exchange and internship programmes, with some covering Sichuan such as the Youth Internship Programme at Wolong Region of Giant Panda National Park under the Thematic Youth Internship Programmes to the Mainland, which receive staunch support from the Sichuan authorities.

    With regard to district governance, Miss Mak said that the bureau had arranged for district council (DC) members to go in batches to Zhejiang Province and Shanghai to learn about the country’s principles on grassroot governance and undertake site visits to learn their experiences in undertaking grassroot governance work.

    She said the move continuously enhances DC members’ capabilities in discharging their duties; and that the work in this regard would continue in future.

    Miss Mak added that she looks forward to deepening the co-operation on youth development and exploring mutual exchange on district governance work with Sichuan, and to contribute to the country’s development needs.

    MIL OSI Asia Pacific News –