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Category: Asia

  • MIL-OSI Asia-Pac: Address by Prime Minister KISHIDA Fumio at the High-Level Launch Meeting of the Friends of a Fissile Material Cut-off Treaty (FMCT) [Speeches and Statements]

    Source: Government of Japan – Prime Minister

    [Provisional translation]

    [Opening Remarks]

    Distinguished high-level representatives,

    Let me start with thanking all of you for gathering here today. As a native of Hiroshima, the city that was devastated by atomic bombing, I am delighted to launch today the Friends of a Fissile Material Cut-off Treaty (FMCT) with the representatives of the participating countries. This launch is literally to wrap up my efforts to advance nuclear disarmament diplomacy that I have been working on since my time as Minister for Foreign Affairs and since becoming Prime Minister.

    Next year, we will mark 80 years since we witnessed the first nuclear test in human history and the subsequent devastation caused by the atomic bombings of Hiroshima and Nagasaki. In my hometown of Hiroshima, the “Flame of Peace,” which symbolizes the resolve and hope of the Hibakusha–atomic bombing survivors–for a world without nuclear weapons, continues to burn without being extinguished for a moment until the day when all such weapons have disappeared from the earth.

    About 60 years ago, at the United Nations General Assembly, U.S. President Kennedy stated that humanity lived under a nuclear sword of Damocles, hanging by the slenderest of threads, and appealed for the abolition of those weapons. Later, in 1993, at the same UN General Assembly, President Clinton stated that his country was working with Russia and others to take that sword down, to lock it away in a secure vault where we hope and pray it will remain forever.

    And now, the era we call “the post-Cold War” has already passed, and we are facing the most severe and complex international security environment since the end of the World War II, where the international community is becoming increasingly divided and confrontational. This nuclear sword, hanging by the slenderest of threads over the heads of every human being, is swinging wildly again.

    We are on the brink of a possible reversal of the downward trend in the number of nuclear weapons since the Cold War. The rapid buildup of nuclear capabilities by some countries in an untransparent manner could ignite an arms race that would draw other countries in.

    UN Secretary-General Guterres, pointed out the deadlock of some existing disarmament institutions and the need to revitalize them in his “New Agenda for Peace.” I too am concerned that if this stalemate continues, the world will become even more divided.

    The NPT regime, the cornerstone of nuclear disarmament and non-proliferation, is a common asset of humanity that is too precious to lose. We, the political leaders, must now take the lead to maintain confidence in this regime.

    With this in mind, I myself as the Prime Minister of Japan, attended the NPT Review Conference in 2022 and announced the “Hiroshima Action Plan.” Following that, I worked on the G7 Leaders’ Hiroshima Vision for Nuclear Disarmament issued last May that called on all countries to refocus political attention on the FMCT.

    The FMCT is a framework for maintaining the trend of a global decline in the number of nuclear weapons by limiting the quantitative increase in nuclear weapons. Thirty years have passed since President Clinton proposed the concept, and experts have continued discussion over technical aspects of the FMCT.

    Now is the time for strong political will to begin negotiations that materialize those experts’ discussions. I am convinced that creating momentum for an early start of FMCT negotiations will lead to the maintenance and strengthening of the NPT regime in the run -up to the 2026 NPT Review Conference.

    About 80 years ago, the Hibakusha of Hiroshima and Nagasaki experienced firsthand the horror of nuclear weapons, which robbed people of their “human dignity.” These people are already advanced in years. Along with their wish for a world without nuclear weapons, we need to promote the understanding of the realities of the atomic bombings to the world and to future generations.

    Next year, which will mark 80th year since the atomic bombings of Hiroshima and Nagasaki, Japan will work on conveying the realities of the atomic bombings, focusing on three areas: sending Hibakushas and the youth overseas, promoting visits to Hiroshima and Nagasaki, and strengthening communication with the world. On that basis, we, the political leaders of the world, must recognize that we have the responsibility to one day lock the nuclear sword of Damocles away in a secure vault where we hope and pray it will remain forever.

    As a native of Hiroshima, the city that was devasted by atomic bombing, and as a responsible politician of Japan, the only country to have suffered atomic bombings during war, I pledge to continue to support realistic steps toward a world without nuclear weapons. And above all, I would like to advance efforts toward nuclear disarmament so that the day will finally come when the “Flame of Peace” be extinguished after the resolve and hope of the Hibakusha fulfilled.

    Japan will promote this FMCT Friends initiative in cooperation with the founding members of the group, who are gathered here. Let’s work harder together.

    Thank you for your attention.

    [Closing Remarks]

    I thank all the high-level representatives of the FMCT Friends founding members for attending the launch meeting today. I am very encouraged to hear directly from you all about your country’s enthusiasm to expand support for the start of FMCT negotiations.

    My staff always warns me to keep my remarks short, but when it comes to nuclear disarmament, I can’t help but be greedy to say more.

    Looking ahead to next year, the 80th anniversary of the atomic bombings of Hiroshima and Nagasaki, and toward the 2026 NPT Review Conference, we need to demonstrate through our actions that the NPT regime is the cornerstone of the nuclear disarmament and non-proliferation regime. Now that the international security environment is becoming increasingly severe, we must advance nuclear disarmament under this NPT regime.

    The FMCT Friends are, let’s say, three C’s in this regard—a “core” of the dialogues between the relevant countries, a “communicator” between countries with different interests, and a “catalyst” to accelerate dialogues—toward the start of the stalled FMCT negotiations.

    As a citizen of Hiroshima, the city that was devasted by atomic bombing, I have a strong desire for nuclear abolition. At the same time, as a responsible politician from Japan, the only country to have suffered atomic bombings in war, I am fully aware that Japan has a mission to advance realistic and practical efforts toward a world without nuclear weapons.

    The NPT regime is the only universal framework for a world without nuclear weapons, with broad participation from both nuclear and non-nuclear weapon states. Under this regime, it is now more than ever that we must advance realistic efforts, step by step. Among these, I am convinced that a FMCT is truly indispensable.

    To all founding members of the FMCT Friends, let us continue to work together toward our common goal so that we can absolutely commence the FMCT negotiations.

    Thank you very much.

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: TWO-THIRDS OF CHILDREN INTERACT DAILY ONLINE WITH PEOPLE THEY DON’T KNOW DESPITE GROOMING FEARS – REPORT

    Source: Save The Children

    SYDNEY, 25 Sept 2024 – Over six in 10 children with access to the internet interact with “unknown others” daily despite concerns about online grooming, according to new research released by Save the Children and Western Sydney University that highlighted children’s demands for better online protection.  

    The research team held in-depth consultations with about 600 children and young people aged 8 to 18 from Australia, Finland, the Philippines, Cambodia, Colombia, Kenya, and South Africa, who shared their views and experiences of facing inappropriate requests online for personal information or images. 

    The report, ‘Protecting Children from Online Grooming’, was written by the Young & Resilient Research Centre at Western Sydney University, and funded by the global child online safety investment vehicle Safe Online as part of the Tech Coalition Safe Online Research Fund. 

    Since the COVID-19 pandemic, incidents of online grooming and child sexual and financial exploitation have reached an all-time high [1], with an 82% rise in online grooming crimes against children reported in that period [2]. Online grooming practices have also transformed, with the fastest growing form of online grooming targeting young men for financial extortion [3]. 

    The report revealed children were more inclined to connect with strangers – or “unknown others” – online as they matured and became more social, motivated by a desire for friendship, fun and play, followed by a wish to stay informed about trends and events, and to connect over shared interests.  

    The findings also showed that while children across all cultures and age groups were more suspicious of people they didn’t know online than people they knew in person, most (66%) of the study participants still interacted with “unknown others” daily online.  

    Children in high-income settings were twice as likely to use privacy settings to protect themselves from unwanted contacts, compared to children from some low-income settings, but the potential to derive financial benefits was an incentive for children in middle-income countries to connect with strangers online, potentially compromising their safety.  

    While children have come up with numerous ways to protect themselves, they are calling for widespread, accessible and targeted online safety education for themselves and their caregivers. In the discussions the children also made concrete suggestions about how technology platforms and governments can implement changes that will keep them safer online.  

    Sonisay*, a girl aged 11-12 from rural Cambodia, said: 

    “Adults should know that children interact with strangers, monitor them, and read their chats.”  

    Angel* aged 15-17 from a city in the Philippines said: 

    “Adults need to know about the children of today who are highly computer-savvy… To be able to support and protect the children, adults need to understand that children are comfortable with using the internet which pushes to interact with strangers.” 

    Charlie* aged 14 from Australia emphasised the need to start online safety education earlier: 

     “Having young children educated about the safety of technology and the dangers … adults only start this education for older kids on social media when the problem can be on video games played by young kids.” 

    Children reported that it was very difficult to ascertain the intentions of strangers online. Children were also particularly worried about being asked for personal information or nude pictures, being drawn into inappropriate sexually-oriented exchanges, or exposure to criminal activities. 

    The report found that children want and need better online protection, with children primarily using intuition and background checks rather than seeking help from trusted adults to manage their online interactions with people they don’t know.  

    The data also showed that children distinguish people they know well both online and in person from those they only know online, with 86% approaching the latter with caution. Yet despite this wariness, children were still three times more likely to ignore or decline an inappropriate or unwanted request than they are to report or block it. 

    Steve Miller, Save the Children’s Global Director of Child Protection, said: 

    “Children deserve to thrive in a safe and nurturing environment – both online and offline. As the digital landscape evolves, so do the challenges and threats, including the threat of online grooming and exploitation. We need to foster a digital environment that is not only safe but also enriching, allowing children to explore, learn, and grow without fear. Policymakers need to listen to the voices and experiences of children when developing policies that protect them.” 

    Professor Amanda Third, Co-Director of the Young and Resilient Research Centre, Western Sydney University, said:  

    “Keeping children safe from online grooming requires a whole-of-community approach. Governments, NGOs, technology platforms, teachers, parents, caregivers, and children themselves all have an important role to play. However, to most effectively address this issue it is crucial that we listen to the views and experiences of children and young people and engage them as active partners in the research and policy design process. Children and young people are finding their own ways to tackle this issue and devise solutions but they are also calling on us to help equip them and their caregivers with the skills and knowledge needed to be able to safely navigate these rapidly evolving digital environments.” 

    Save the Children has launched a major global effort to support digital inclusion and empower the next generation of resilient digital citizens. Save the Children’s Safe Digital Childhood initiative is includes partnering with schools, communities and tech leaders to break down barriers to digital inclusion by making sure the children with the fewest resources can access devices and connectivity; offering targeted digital literacy and citizenship programs; helping technology industry partners embed child-centric safeguards into their platforms; and empowering children to advocate for their rights in the digital world. 

    The Young & Resilient Research Centre at Western Sydney University is an Australian-based, international research centre that unites young people with researchers, practitioners, innovators, and policymakers to explore the role of technology in children’s and young people’s lives and how it can be used to improve individual and community resilience across generations.  

    Safe Online is the only global investment vehicle dedicated to keeping children safe in the digital world. Through investing in innovation and bringing key actors together, Safe Online helps shape a digital world that is safe and empowering for all children and young people, everywhere. The Tech Coalition Safe Online Research Fund, which funded the research, is a groundbreaking collaboration fuelling actionable research and bringing together the tech industry with academia and civil society in a bold alliance to end online child sexual exploitation and abuse. 

    *Names have been changed to protect identities 

    [1] WeProtect Global Threat Assessment Data 2023 

    [2] NSPCC. (2023, August 15). 82% rise in online grooming crimes against children in the last 5 years.

    [3] WeProtect’s Global Threat Assessment Data 2023  

    MIL OSI New Zealand News –

  • MIL-OSI Security: 15th MEU concludes month of training in S. Korea, first ACV amphibious assault during Ex Ssang Yong

    Source: United States INDO PACIFIC COMMAND

    SOUTH KOREA  –  

    Elements of the 15th Marine Expeditionary concluded more than a month of training in South Korea Aug. 6 to Sept. 7, including participation in Exercise Ssang Yong 24, which featured the first amphibious assault using Amphibious Combat Vehicles during their inaugural deployment.

    The Marines and Sailors of the 15th MEU arrived in South Korea aboard the amphibious assault ship USS Boxer (LHD 4) and the amphibious dock landing ship USS Harpers Ferry (LSD 49) during the first week of August. Partnered with the ROK Marine Corps 7th Brigade, the combined force of Marines conducted two weeks of live-fire training ranges and unit-level training at ROKMC bases near Pohang.

    Battalion Landing Team 1/5, the ground combat element of the 15th MEU, employed ACVs at ROKMC training areas surrounding Pohang, South Korea, exercising the vehicles’ off-road mobility and automated crew-served weapons. Alpha Company, BLT 1/5’s designated mechanized company, and its ACV Platoon also provided ROK Marines opportunities to tour and familiarize themselves with the U.S. Marine Corps’ newest ship-to-shore connector Aug. 20 and 22.

    Units from across the 15th MEU also conducted partnered non-live fire events, including: tactical planning, mountain warfare training, fast rope inserts from an MV-22B Osprey, unmanned aerial and waterborne systems familiarization, small boat operations and reconnaissance, operations in urban terrain, communications integration, chemical attack response, and other training. This training strengthened and improved the interoperability between ROK and U.S forces in defense of the Korean Peninsula.

    The culminating event in South Korea for 15th MEU and its ACVs was the amphibious assault Sept. 2 as part of Ssang Yong. Alpha Company Marines and Sailors, under the cover of the combined force’s air and surface fire support, landed at Hwajin-ri Beach near Pohang alongside nearly 40 Korean amphibious assault vehicles. Using their ACVs’ stabilized weapon systems, the company identified and reduced simulated enemy positions as they approached the shoreline, then dismounted to secure the beach prior to continuing the attack inland.

    This marked the first time Marine Corps ACVs with embarked infantry demonstrated their beach assault capabilities with a host nation’s forces during a major exercise.

    “Seventy-four years after our landing at Inchon, I can’t think of a better place and partner with whom to showcase the Marine Corps’ latest, most lethal amphibious assault capability,” said U.S. Marine Corps Lt. Col. Nicholas Freeman, commanding officer of BLT 1/5. “Any amphibious assault is a complex operation, and that’s especially true with a combined force featuring new equipment. Today, we benefitted from decades of steadfast commitment between our countries, years of development and testing by our service, many months of hard work by this first-of-its-kind mechanized company, and several weeks of excellent training and integration with our allies. It’s gratifying and inspiring to be here to see the impressive result of all these efforts.”

    The Marine Corps expects this first deployment of ACVs to continue to provide insights for platform embarkation and maintenance requirements, logistics, and integration with our allies and partners. These insights are vital for the service to ensure we continue to provide our Marines with the most operationally ready and capable platforms.

    “As the U.S. Marine Corps’ new generation of amphibious assault vehicle, it was special and meaningful to have ACVs deployed to the Korea Theater of Operations for the first time. Especially, during the decisive action, the most complex and sophisticated phase of the amphibious operation, the ACVs not only revealed its strength and capabilities but also the firm commitment to ROK-U.S. Alliance,” said ROKMC Lt. Col. Chol-Uk Kang, lead SY24 exercise planner, 1st ROK Marine Division. “Going forward, I sincerely hope that the ROK and the U.S. can further develop on combined amphibious operational method and concept with its new capability.”

    After the completion of Ssang Yong, the 15th MEU’s forces reembarked Boxer and Harpers Ferry at ROK Naval Base Busan, South Korea, to resume their deployment in the U.S. 7th Fleet Area of operations.

    The ACV Platoon, Alpha Company, and other elements of the 15th MEU began their deployment in late March 2024, departing San Diego aboard Harpers Ferry.

    Since then, ACVs were first employed overseas May 4 during Exercise Balikatan 24 at Oyster Bay in the Philippines. During the exercise, the ACV Platoon launched from Harpers Ferry, made movement in the water toward an objective, and attacked targets from offshore using the vehicles’ stabilized heavy machine guns before reembarking.

    The ACV Platoon’s first time ashore in a foreign country was June 24 after a ship-to-shore movement from Harpers Ferry to White Beach Naval Facility, Okinawa, Japan. During that event, the mechanized company rehearsed troop egress procedures and shared best practices with leaders from III Marine Expeditionary Force, which received its first ACVs in July.

    Elements of the 15th MEU are under the command and control of Commander, Task Force 76, which the U.S. 7th Fleet employs to cooperate with allies and partners to preserve a free and open Indo-Pacific.

    As the U.S. 7th Fleet’s primary Navy advisor on amphibious matters in the 7th Fleet area of operations, CTF 76 is responsible for conducting expeditionary warfare operations to support a full range of theater contingencies, ranging from humanitarian assistance and disaster relief operations to full combat operations.

    MIL Security OSI –

  • MIL-OSI Security: U.S. Navy, Coast Guard, Intelligence Leaders Travel to Japan for Engagements with Allies and Partners

    Source: United States INDO PACIFIC COMMAND

    TOKYO, Japan  –  

    Vice Adm. Karl Thomas visited Japan September 9–14 during his first official international trip as Deputy Chief of Naval Operations for Information Warfare, N2N6/Director of Naval Intelligence. Thomas was accompanied on the trip by Rear Adm. Rebecca Ore, Assistant Commandant for Intelligence, United States Coast Guard, and Mr. Steve Parode, Deputy Director of Naval Intelligence, U.S. Navy.

    The international trip began in Tokyo where Thomas and the U.S. delegation met with Admiral Akira Saito, Chief of Staff, Japan Maritime Self-Defense Force. The leaders reaffirmed their commitment to strengthen the long-standing partnership between the two navies and agreed that information sharing among allies and partners is essential to maintaining maritime security in the region.

    While in Tokyo, Thomas, Ore, and Parode met with Ambassador Rahm Emanuel, U.S. Ambassador to Japan to discuss the strength of the U.S.- Japan alliance and the importance of the Navy-to-Navy relationship in facing the challenges to a free and open Indo-Pacific.

    Thomas and Parode then traveled to Yokosuka for various engagements with elements of the U.S. SEVENTH Fleet. This was Thomas’ first return trip to Yokosuka since serving as SEVENTH Fleet’s 54th commander. While on base, Thomas and Parode spoke at the SEVENTH Fleet Information Warfare Waterfront Conference and received a briefing at the U.S. Naval Computer and Telecommunications Station, Far East.

    The trip concluded with a visit to U.S. Army Japan, Camp Zama, where Thomas, Ore, and Parode received a briefing from the Asian Studies Detachment team on Open-Source Intelligence capabilities.

    MIL Security OSI –

  • MIL-OSI Asia-Pac: Secretary for Health leads delegation to visit Beijing

    Source: Hong Kong Government special administrative region

    Secretary for Health leads delegation to visit Beijing
    Secretary for Health leads delegation to visit Beijing
    ******************************************************

         ​The Secretary for Health, Professor Lo Chung-mau, will lead a delegation for a two-day visit to Beijing this afternoon (September 25) to call on relevant Mainland ministries to introduce the latest developments of and seek support for various healthcare reforms of Hong Kong, with a view to further deepening exchanges and co-operation with the Mainland on healthcare-related areas.     Members of the delegation include the Director of Health, Dr Ronald Lam; Deputy Secretary for Health Mr Sam Hui; the Chairman of the Hospital Authority (HA), Mr Henry Fan; and the Chief Executive of the HA, Dr Tony Ko. Professor Lo will return to Hong Kong on September 27. During his absence, the Under Secretary for Health, Dr Libby Lee, will be the Acting Secretary for Health.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 11:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Red flags hoisted at Silver Mine Bay Beach and Clear Water Bay Second Beach

    Source: Hong Kong Government special administrative region

    Red flags hoisted at Silver Mine Bay Beach and Clear Water Bay Second Beach
    Red flags hoisted at Silver Mine Bay Beach and Clear Water Bay Second Beach
    ***************************************************************************

    Attention TV/radio announcers:Please broadcast the following as soon as possible:     Here is an item of interest to swimmers.     The Leisure and Cultural Services Department announced today (September 25) that according to the Beach Water Quality Forecast System of the Environmental Protection Department (www.epd.gov.hk/epd/english/environmentinhk/water/beach_quality/forecast_system.html), the Beach Water Quality Forecast Index for Silver Mine Bay Beach in Islands District and Clear Water Bay Second Beach in Sai Kung District is 4, which means the predicted water quality at these beaches is “Very Poor” due to potential transient water quality fluctuations caused by heavy rain. Red flags have been hoisted, and beachgoers are advised not to enter the water to safeguard their health.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 10:58

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Five property owners fined over $63,000 in total for failing to comply with fire safety directions

    Source: Hong Kong Government special administrative region

    Five property owners fined over $63,000 in total for failing to comply with fire safety directions
    Five property owners fined over $63,000 in total for failing to comply with fire safety directions
    ******************************************************************************************

         Five property owners were convicted and fined over $63,000 in total at the Fanling Magistrates’ Courts on September 10 for failing to comply with fire safety directions issued under the Fire Safety (Buildings) Ordinance (FS(B)O) (Cap. 572).     The Buildings Department (BD) issued fire safety directions under section 5(2)(a)(ii) of the FS(B)O to five owners of the respective three domestic flats in a 44-year-old composite building on Yan Hing Street, Tai Po, requiring them to comply with the fire safety construction requirements by providing fire-rated doors and modifying metal gates at the unit entrances, which open directly to a staircase.     Failing to comply with the statutory directions, the five owners were prosecuted by the BD and were convicted by the court. Two co-owners were each fined about $11,060, another two co-owners were each fined about $12,560, and a single owner was fined about $16,580.     “According to the FS(B)O, failing to comply with a statutory direction issued under the ordinance without reasonable excuse is a serious offence. The BD may instigate prosecution proceedings against the owner”, a spokesman for the BD said today (September 25).     Pursuant to section 5(8) of the FS(B)O, any person who, without reasonable excuse, fails to comply with a statutory direction, commits an offence and is liable on conviction to a fine at level 4 ($25,000 at present) and to a further fine of $2,500 for each day of non-compliance. Upon conviction, an application may also be made to the court for a Fire Safety Compliance Order against the owner under section 6(1) of the FS(B)O directing the owner to comply with the requirements of the direction.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 11:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Secretary-General of ASEAN delivers opening remarks at the ASEAN-Plus Three Industrial Chain and Supply Chain Partnering Conference

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today addressed the ASEAN-Plus Three Industrial Chain and Supply Chain Partnering Conference held in Nanning, China. In his remarks, Dr. Kao strongly emphasized the implementation of the RCEP agreement and the implementation of Industrial Project-based Initiative (AIPBI) as the priorities for advancing industrial competitiveness and supply chain connectivity.

    Download the full opening remarks here.

    The post Secretary-General of ASEAN delivers opening remarks at the ASEAN-Plus Three Industrial Chain and Supply Chain Partnering Conference appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Money Market Operations as on September 24, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 574,172.54 6.68 5.10-6.95
         I. Call Money 11,157.67 6.69 5.10-6.80
         II. Triparty Repo 397,183.95 6.66 6.20-6.77
         III. Market Repo 164,382.92 6.74 6.25-6.95
         IV. Repo in Corporate Bond 1,448.00 6.85 6.80-6.90
    B. Term Segment      
         I. Notice Money** 97.25 6.18 5.95-6.50
         II. Term Money@@ 575.00 – 7.05-7.10
         III. Triparty Repo 3,300.00 6.74 6.67-6.80
         IV. Market Repo 1,395.96 6.71 6.70-6.77
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Tue, 24/09/2024 2 Thu, 26/09/2024 50,003.00 6.62
         (b) Reverse Repo          
    3. MSF# Tue, 24/09/2024 1 Wed, 25/09/2024 1,424.00 6.75
    4. SDFΔ# Tue, 24/09/2024 1 Wed, 25/09/2024 62,381.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -10,954.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 20/09/2024 14 Fri, 04/10/2024 25,002.00 6.52
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
    Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
    Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,844.29  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*    

    37,336.29

    		  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     26,382.29  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on September 24, 2024 1,023,321.84  
         (ii) Average daily cash reserve requirement for the fortnight ending October 04, 2024 1,005,433.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 24, 2024 50,003.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on September 06, 2024 427,689.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad            
     Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1157

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: New yearbook “Hong Kong 2023” goes on sale (with photo)

    Source: Hong Kong Government special administrative region

    New yearbook “Hong Kong 2023” goes on sale (with photo)
    New yearbook “Hong Kong 2023” goes on sale (with photo)
    *****************************************************************

         The Government’s latest yearbook, “Hong Kong 2023”, went on sale today (September 25). The online version is available for free at www.yearbook.gov.hk.     The publication provides readers with an overview of life in Hong Kong in the year 2023, covering the administration, legislature, legal system and economy, detailing the Government’s policies and achievements as well as the development of Hong Kong.     The cover illustration shows the National Day Fireworks over Victoria Harbour, held for the first time in five years. There are 10 photo sections with more than 100 pictures in the yearbook, exploring different aspects of Hong Kong in 2023, including the Hong Kong Special Administrative Region search and rescue team’s heroic operation in quake-stricken areas in Türkiye, a glimpse into the Sha Tau Kok Frontier Closed Area that has been gradually opening up to tourists, the beautification of the cityscape of Hong Kong, visits of the home-developed aircraft C919 and ARJ21 and a look at a China Manned Space delegation.     “Hong Kong 2023”, priced at $450, is available at the online Government Bookstore at www.bookstore.gov.hk and the Information Services Department’s Publications Sales Unit at Room 626, 6/F, North Point Government Offices, 333 Java Road, North Point. Orders can also be placed by: 

    calling the Publications Sales Unit on 2537 1910;
    filling in an order form from the department’s website and submitting it online or by fax to 2523 7195; or
    emailing puborder@isd.gov.hk.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 11:03

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Secretary-General of ASEAN addresses the 8th Jakarta Geopolitical Forum

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN Dr. Kao Kim Hourn delivered pre-recorded remarks on “ASEAN’s perspective on maritime whole-of-government approach in the region” at the 8th Jakarta Geopolitical Forum 2024, which is being convened from 25-26 September 2024 in Jakarta, Indonesia. Hosted by the National Resilience Institute of the Republic of Indonesia (Lembaga Ketahanan Nasional RI/LEMHANNAS RI), the Forum this year is held under the theme “Addressing Geo-Maritime Resilience Challenges in the Indo-Pacific.” The Forum serves as a platform for relevant stakeholders, including government officials, diplomats, academics, and industry leaders, for exchanging views on maritime issues in the Indo-Pacific region and exploring ways to address them.

    The post Secretary-General of ASEAN addresses the 8th Jakarta Geopolitical Forum appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Two-day Greater Bay Area Culture and Arts Symposium 2024 of the 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival to be staged in Hong Kong

    Source: Hong Kong Government special administrative region

    　　The Leisure and Cultural Services Department will host the Greater Bay Area Culture and Arts Symposium 2024, one of the highlight events of the 4th Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival, on October 25 and 26 (Friday and Saturday). The Symposium, organised by the International Association of Theatre Critics (Hong Kong), brings together industry leaders from across the Bay Area and other Mainland cities to explore the latest trends in arts and cultural developments in the region. It aims to provide an interactive platform to promote close co-operation among arts and cultural practitioners, organisations and performing art venues in the Bay Area.　　The Symposium will feature a diverse range of free activities for public participation, including public seminars and a roundtable conference. Details are as follows: Public Seminars———————Date: October 25 (Friday)Venue: Auditorium of Ko Shan Theatre New WingPublic Seminar 1 Topic: Co- Creation: Cultural Integration and Creative CollaborationTime: 2.45pm to 4pmSpeakers: Chen Rui, General Manager, Zhuhai Jinwan Art Center and Producer of Musical “I Am What I Am”                Naomi Chung, Head of Xiqu, Performing Arts, West Kowloon Cultural DistrictModerator: Tseng Sun-man, Chairman of Advisory Group, University Arts Centre, The Chinese University of Hong Kong, Shenzhen　　Artists and producers from different cities are together exploring their creativity and producing new works. This kind of collaboration has become a new trend in the creation of performing arts. Speakers will share their valuable experiences and insights and reflect on the possibilities of co-production in the future. Public Seminar 2 Topic: Sustainability: Cultural Tourism and Audience DevelopmentTime: 4.45pm to 6pmSpeakers: Chang Hsien Ching, Director, Shekou Theatre Festival                Benny Lim, Associate Professor of Practice in Cultural Management and Director of the Master of Arts in Cultural Management Programme at The Chinese University of Hong KongModerator: Anna Chan, Dean, School of Dance, The Hong Kong Academy for Performing Arts　　Speakers will share how to transform cultural resources into sustainable tourism experiences, attract more audiences and stand out from the competition as well as their views on the benefits and challenges of integrating culture and tourism. Roundtable Discussion——————————Date: October 26 (Saturday)Time: 10am to 1pmVenue: Auditorium of Ko Shan Theatre New WingModerator: Louis Yu, Veteran Arts Administrator Part 1: Cultural Space: Cross-boundary Exploration of Memory and CreativitySpeakers: Annie Feng, Consultant of Beijing Nanyang Theatre and Suzhou Suyi Show Zone               Mok Sio Chong, President, Macao Theatre Culture Institute               Liu Hankun, Founder and CEO of Focustage               Liu Xiaoyi, Artistic Director, Emergency Stairs in Singapore　　The four speakers will discuss the operational strategies of emerging cultural spaces in Mainland China in recent years, the advantages and challenges of site-specific creations and mobile performances in Macau, the production and theatre operation of cultural spaces, as well as the benefits of combining culture and space for cultural development from different perspectives. Part 2: Strategies and Perspectives on Audience DevelopmentSpeakers: Li Siyao, Founder and Artistic Director of “Yao Theatre”, drama educator                Joe Li, Producer of Frankenstein by Nick Dear, President of Beijing ATW Culture Media                Mia Shen, Founder of Mad Attic                Yang Xiaoluan, Founder of the drama self-media “Theater Ferris Wheel”                Erik Kuong, Managing & Creative Director, Creative Links Limited　　Based on their own experiences, the five speakers will share strategies for expanding the audience for children’s theatre, analyse the shift in Mainland audience consumption patterns before and after the pandemic and share how producers respond to the shift, as well as how specific themes can stimulate audience reflection and development. The speakers will also analyse the characteristics of Mainland audiences and the role of self-media in audience development, and discuss the characteristics of the Greater Bay Area audience and share how to introduce programmes to target audiences.　　Admission to the above-mentioned public seminars and roundtable discussion is free and members of the public are welcome to join. Online registration is required (www.art-mate.net/doc/77002) with limited seats available on a first-come, first-served basis. For programme details, please visit www.gbacxlo.gov.hk/en/programmes/greater-bay-area-culture-and-arts-symposium-2024. For enquiries about event registration arrangements, please contact the International Association of Theatre Critics (Hong Kong) at 2974 0542. 　　The Symposium has also invited industry practitioners to participate in workshops and city walks, with a view to enhancing exchanges among participants and showcasing the unique cultural expressions of Hong Kong. The four topics of the workshops are “Latest Development of Performing Arts Spaces”, “Promotional Collaboration and Social Media”, “Arts Festivals and Exploration of Cultural and Creative Development” and “Art Organisation in Rural Areas and the Revitalisation of Art Space”. The instructors include Drama Producer and Production Director of Real Atypical Omnipotent Theatre, Wang Ruipu; Head of Marketing and Development of Hong Kong Chinese Orchestra, Tracy Huang; Founder and Manager of Xixi and Vice President of Hangzhou Binjiang District Drama Association, Dong Yunyan; and Producer of Ergao Dance Production Group Pan Xiong. The city walks will explore four communities – Tsuen Wan, Sham Shui Po, Central and Sheung Wan, and To Kwa Wan – examining Hong Kong’s cultural strategies for conservation, revitalisation and community innovation from different perspectives. 　　Hong Kong is the host city of the Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival for the first time this year. It organises and co-ordinates over 260 performances and exchange activities to be held across the “9+2” cities of the Greater Bay Area. The festival aims to showcase the vibrant and diverse cultural richness of the region and foster cultural exchange and co-operation among the cities. For detailed information about the festival, please visit www.gbacxlo.gov.hk.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Active Chlorine Component of Hypochlorous Acid Solution Volatilized in the Air Eliminates Over 99% of Group A Streptococci

    Source: Panasonic

    Headline: Active Chlorine Component of Hypochlorous Acid Solution Volatilized in the Air Eliminates Over 99% of Group A Streptococci

    [Figure 1. Amount of bacteria adhered (group A streptococci) by time elapsed]

    Osaka, Japan – Panasonic Corporation (https://www.panasonic.com/global/home.html) today announced that its Heating & Ventilation A/C Company (hereinafter referred to as Panasonic) verified that the active chloride component volatilized from the hypochlorous acid solution, produced by electrolysis of salt water, effectively eliminates over 99% of group A streptococci (GAS) adhered in a space of approx. 25 m3 within 60 minutes(*2).
    The hypochlorous acid solution is produced through the electrolysis of salt water and demonstrates high efficacy in sterilization and deodorization. Since adopting the hypochlorous acid solution for the hygiene maintenance system of cup-dispensing vending machines in 1987(*3), Panasonic has been researching hypochlorous acid technology for over 30 years. The company verified in the past few years that the solution is effective in suppressing viruses, including the influenza virus (H1N1), novel coronavirus (SARS-CoV-2) Omicron variant, and enterovirus and coxsackievirus, which can cause hand-foot-and-mouth disease, as well as herpangina.
    GAS is mainly transmitted via droplet infection (coughing and sneezing) and direct contact. These bacteria can cause a wide range of infections, such as strep throat and skin infections, and in severe cases, necrotizing fasciitis. Specifically, they are responsible for group A streptococcal pharyngitis, which primarily affects children with symptoms such as fever, sore throat, reddened tongue, and a red rash on the body. It can also cause sepsis and multiple organ failure, as exemplified by the streptococcal toxic shock syndrome, which has shown an increasing trend in recent years.
    Based on the current verification results, the active chloride component volatilized from the hypochlorous acid solution is expected to eliminate GAS adhered to tables, railings, and other objects.
    ■Verification methodTwo cases were verified: one by soaking the rotary sterilization filter in a hypochlorous acid solution of approx. 100 mg/L, exposing the filter to a given amount of wind (3.8 m3/min) to volatilize the active chloride component, and then exposing the specimens with GAS to the volatilized substance; and the other by not exposing the specimens to the active chloride component (natural attenuation).
    ■Verification resultsThe effect of suppressing 99% of GAS within 60 minutes was confirmed (Figure 1).

    MIL OSI Economics –

  • MIL-OSI Economics: Asian Impact Webinar 79: Key Indicators for Asia and the Pacific 2024 Launch

    Source: Asia Development Bank

    Video | 25 September 2024

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    Climate change poses a growing threat to people and their livelihoods in Asia and the Pacific. Record heat waves, catastrophic floods, prolonged droughts, and extreme weather events are becoming more frequent. Yet critical data gaps hinder our understanding of climate impacts, particularly on vulnerable populations in developing Asia. Drawing on insights from Key Indicators 2024: Data for Climate Action, panelists highlight the importance of granular data in capturing the nuanced effects of climate change on different regions and communities. Additionally, the discussion will explore policies and strategies aimed at enhancing data systems to foster inclusive and sustainable development.

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    Climate change poses a growing threat to people and their livelihoods in Asia and the Pacific. Record heat waves, catastrophic floods, prolonged droughts, and extreme weather events are becoming more frequent. Yet critical data gaps hinder our understanding of climate impacts, particularly on vulnerable populations in developing Asia. Drawing on insights from Key Indicators 2024: Data for Climate Action, panelists highlight the importance of granular data in capturing the nuanced effects of climate change on different regions and communities. Additionally, the discussion will explore policies and strategies aimed at enhancing data systems to foster inclusive and sustainable development.

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    MIL OSI Economics –

  • MIL-OSI China: HK rises to 3rd place in global financial centers index

    Source: China State Council Information Office

    Photo taken on June 22, 2022 shows the view at the Victoria Harbor in Hong Kong, south China. [Photo/Xinhua]

    Hong Kong moved up one place to rank third globally and first in the Asia-Pacific region in a global financial centers index, showing the city’s status and strengths as a leading global financial center.

    The Global Financial Centers Index (GFCI) 36 Report was published Tuesday by British think tank Z/Yen Group and the China Development Institute in Shenzhen.

    A spokesperson from the Hong Kong Special Administrative Region (HKSAR) government said that Hong Kong’s scores were rated among the top in various areas of competitiveness, including business environment, human capital, infrastructure, as well as reputational and general.

    Hong Kong’s rankings in various financial industry sectors also rose significantly, including investment management, insurance, banking and professional services. Among them, the ranking in investment management advanced to first globally.

    In addition, the report assessed the financial centers’ fintech offerings, and Hong Kong’s ranking rose five places to ninth, making it among the top 10 fintech hubs.

    The spokesperson said that Hong Kong’s asset and wealth management business is booming, with assets under management growing by about 2 percent from the previous year to more than 31 trillion Hong Kong dollars by the end of 2023.

    Net fund inflows reached 390 billion Hong Kong dollars, representing a year-on-year increase of over 3.4 times. The development of the family office business in Hong Kong continues to gain momentum. The New Capital Investment Entrant Scheme has continued to receive overwhelming responses since its launch in March, with more than 550 applications received so far. It is expected to bring in more than 16.5 billion Hong Kong dollars in investments to Hong Kong.

    The spokesperson said that the HKSAR government will continue to actively understand, respond to and embrace changes to promote high-quality development of the financial sector. In the stock market, it is proactively enhancing its breadth and depth as well as boosting market efficiency and competitiveness, while endeavoring to deepen financial mutual access between the mainland and Hong Kong so as to further strengthen Hong Kong’s role in connecting the mainland and international capital markets.

    The GFCI Report is released in March and September every year since 2007. In GFCI 36, 121 financial centers were assessed, and Hong Kong ranked third globally with an overall rating of 749. (1 Hong Kong dollar equals 0.1284 U.S. dollars) 

    MIL OSI China News –

  • MIL-OSI USA: Crapo, Risch, Grassley Call Out Abuses in the Biden-Harris Unaccompanied Migrant Children Program

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senators Mike Crapo (R-Idaho), Jim Risch (R-Idaho) and Chuck Grassley (R-Iowa) led 41 bicameral Republican colleagues in a letter urging President Joe Biden and Vice President Kamala Harris to work with Congress to root out abuses in their administration’s unaccompanied migrant children program and stop the U.S. Department of Health and Human Services (HHS)’s cover-up of the crisis.
    The lawmakers are urging Biden and Harris to “make changes to [their] policies and procedures” in order to “end this public safety crisis.”  They are specifically calling on the Biden-Harris administration to enhance information-sharing with law enforcement and Congress, fully cooperate with the U.S. Department of Homeland Security (DHS) child exploitation investigation and thoroughly respond to all congressional oversight requests.
    “[The Biden-Harris HHS] must stop its cover-up and cooperate with law enforcement and Congress to end this crisis and protect unaccompanied children and the American people,” the lawmakers concluded.
    More than 500,000 unaccompanied migrant children have crossed the southwest border under the Biden-Harris administration, while cartel trafficking activity surged an estimated 2,500 percent.  Amid this crisis, the lawmakers note the Biden-Harris administration limited background checks for sponsors of unaccompanied children, cut back on familial DNA testing at the border and decreased information sharing with law enforcement.
    Joining Crapo, Risch and Grassley on the letter are U.S. Senators Bill Cassidy (R-Louisiana), Ron Johnson (R-Wisconsin), John Cornyn (R-Texas), Lindsey Graham (R-South Carolina),  John Thune (R-South Dakota), Roger Wicker (R-Mississippi), John Hoeven (R-North Dakota), Mike Lee (R-Utah), Tim Scott (R-South Carolina), Ted Cruz (R-Texas), Deb Fischer (R-Nebraska), Shelley Moore Capito (R-West Virginia), James Lankford (R-Oklahoma), Steve Daines (R-Montana), Dan Sullivan (R-Alaska), John Kennedy (R-Louisiana), Marsha Blackburn (R-Tennessee), Kevin Cramer (R-North Dakota), Mike Braun (R-Indiana), Josh Hawley (R-Missouri), Rick Scott (R-Florida), Roger Marshall (R-Kansas), Tommy Tuberville (R-Alabama), Markwayne Mullin (R-Oklahoma), Katie Britt (R-Alabama), Pete Ricketts (R-Nebraska) and 15 members of the U.S. House of Representatives.
    Read the full letter here.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: National Day celebration: Walking Together in Healthy Bay Area – Walking Challenge under “10 000 Steps a Day” Campaign to open for enrolment in October

    Source: Hong Kong Government special administrative region

    National Day celebration: Walking Together in Healthy Bay Area – Walking Challenge under “10 000 Steps a Day” Campaign to open for enrolment in October
    National Day celebration: Walking Together in Healthy Bay Area – Walking Challenge under “10 000 Steps a Day” Campaign to open for enrolment in October
    ******************************************************************************************

         To promote the health benefits of walking, the Department of Health (DH) launched the “10 000 Steps a Day” Campaign in 2022 to encourage members of the public to increase their physical activities. The DH said today (September 25) that as the third phase of the Walking Challenge, this year’s event coincides with the 75th anniversary of the founding of the People’s Republic of China (PRC). The Health Bureau (HHB) and the DH will for the first time partner with the Greater Bay Area (GBA) Mainland cities to jointly promote walking to mark the celebration.     According to the Population Health Survey 2020-22 conducted by the DH, nearly a quarter (24.8 per cent) of persons aged 18 or above performed an insufficient level of physical activities, and about one in seven (14.9 per cent) persons aged 15 or above reported spending 10 hours or longer sitting or reclining each day.     A spokesman for the DH said, “Walking is a simple form of physical activity that many of us engage in daily, and it brings us plenty of health benefits including improving cardiopulmonary function, strengthening muscles and bones, reducing the risk of chronic diseases such as obesity, hypertension and diabetes, as well as relieving symptoms of anxiety and depression.     “Adults are recommended to gradually increase their daily step goal to 10 000 based on an individual’s own physical conditions, abilities, pace and circumstances. Any amount of walking is better than sitting, even if the goal cannot be reached yet.”     Features of this year’s Walking Challenge are as follows: 

    The Walking Challenge is one of the events marking the 75th anniversary of the founding of the PRC. Hong Kong and the GBA Mainland cities will organise walking activities at the same period under the common theme of “Walking Together in Healthy Bay Area”.
    Participants are required to enrol in the Walking Challenge and record their step count during the challenge period through “e+Life”, the recently launched health challenge platform under the eHealth app. Participants reaching a daily average of 10 000 steps (around 7.5 kilometres in distance) during the challenge period can be awarded an electronic certificate of achievement from the “e+Life” platform.
    With the slogan “Shall We Walk and Talk”, the Walking Challenge includes a Workplace Organisation Walking Challenge, which aims to raise public awareness of the physical and mental health benefits of walking, encourage friends and colleagues to support each other and walk 10 000 steps daily.

         Details of the Walking Challenge in Hong Kong are as follows:

    Target participants: adults aged 18 or above
    Individual enrolment period: October 1 to 31
    Workplace organisation enrolment period: On or before October 15; after the workplace organisations are successfully enrolled, their staff members can enrol from October 1 to 31 and select their representing organisations
    Challenge period: November 1 to 30

         Interested individuals can enrol through “e+Life” by logging into the eHealth app, commencing on October 1. Interested workplace organisations can register with the DH for the Walking Challenge on or before October 15. After successful enrolment of the workplace organisation, their staff will be able to select their respective organisations when enrolling through “e+Life”, and the step counts of participating staff will be attributed to the organisation they choose. Moreover, participants only need to connect the “e+Life” platform with their mobile health tracking apps of their own mobile phones during the challenge, and their steps will be recorded on the “e+Life” platform. This initiative encourages everyone to walk 10 000 steps with friends for health.     For details, please visit the event website of the Walking Challenge (www.10000stepsaday.hk/?lang=en) and the website of “e+Life” (app.ehealth.gov.hk/elife-overview).      Moreover, the HHB launched the new “e+Life” health challenge platform in September to allow eHealth users to join various health challenges, log their daily exercises and accumulate health coins by interfacing with tracking applications. In collaboration with the Education Bureau, the DH and the Leisure and Cultural Services Department, the HHB rolled out earlier the first health challenge, the “e+ Go to Park” game, on September 14. The “e+ Go to Park”, primarily targeting students, is similar to the “10 000 Steps a Day” Campaign, which encourages members of the public to increase their physical activities. By utilising various game modes in “e+ Go to Park”, students are expected to be motivated to go outdoors with their parents and friends, and enjoy the fun of playing games and exercising together. More health challenges will be introduced on the “e+Life” platform to improve the public’s physical and mental health.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 12:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Health chief bound for Beijing

    Source: Hong Kong Information Services

    Secretary for Health Prof Lo Chung-mau will depart this afternoon on a two-day visit to Beijing, where he will call on relevant Mainland ministries to brief them on healthcare developments in Hong Kong and seek support for various healthcare reforms.

    The visit is aimed at strengthening exchanges and co-operation with the Mainland in healthcare-related areas.

    Director of Health Dr Ronald Lam, Deputy Secretary for Health Sam Hui, Hospital Authority Chairman Henry Fan and Hospital Authority Chief Executive Dr Tony Ko will join Prof Lo on the visit.

    The health chief will return to Hong Kong on Friday. During his absence, Under Secretary for Health Dr Libby Lee will be Acting Secretary.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Result of tender of People’s Bank of China RMB Bills held on September 25, 2024

    Source: Hong Kong Government special administrative region

    Result of tender of People’s Bank of China RMB Bills held on September 25, 2024
    Result of tender of People’s Bank of China RMB Bills held on September 25, 2024
    *******************************************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     Result of the tender of the People’s Bank of China RMB Bills held on September 25, 2024: 

    Tender Result

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

    Tender Date
    :
    September 25, 2024

    Bills available for Tender
    :
    Six-Month RMB Bills

    Issuer
    :
    The People’s Bank of China

    Issue Number
    :
    BCHKFP24016

    Issue Date
    :
    September 27, 2024

    Maturity Date
    :
    March 28, 2025 (or the closest coupon payment date)

    Application Amount
    :
    RMB 59,301 million

    Issue Amount
    :
    RMB 25,000 million

    Average accepted Coupon Rate
    :
    1.45 per cent

    Highest accepted Coupon Rate(Bills’ Coupon)
    :
    1.55 per cent

    Lowest accepted Coupon Rate
    :
    1.00 per cent

    Allocation Ratio (At Highest accepted Coupon Rate)
    :
    Approximately 71.67 per cent

     
    Ends/Wednesday, September 25, 2024Issued at HKT 12:47

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Chinese research ship harassed by Philippine vessels in South China Sea

    Source: China State Council Information Office 2

    A Chinese research ship was approached and harassed by a military speed-gunboat and a coastguard vessel of the Philippines while conducting scientific research in the South China Sea on Tuesday.
    According to personnel aboard the Chinese ship, a speed-gunboat from the Philippine side approached and zigzagged around the Chinese ship Haiyang Dizhi 12, or Ocean Geology 12 in English, in the early morning, disrupting its normal research operations.
    Subsequently, vessel No. 4411 of the Philippine coastguard crossed in front of the Chinese research vessel and passed through with malicious intent, violating international rules on averting maritime collisions and gravely hampering the safety of the Chinese vessel and its operation.
    According to the captain of the Chinese research ship, this was the second time that the Philippine side had harassed China’s research vessels since the start of the scientific research mission.
    Previously, a Philippine vessel with the number 298 painted on its side deliberately covered the name on its bow, turned off its lighting and automatic identification system, and passed in front of the Chinese research vessel about 300 meters away at a high speed during nighttime, the captain said, noting that the Philippine vessel neither steered to make way nor answered radio communication from the Chinese vessel, posing a serious threat to the latter’s safety of navigation.
    The Chinese scientific research mission carried out by the ship is based on peaceful purposes and aimed at enriching humankind’s scientific knowledge of the ocean, said the chief scientist of this mission, adding that the methods and tools used in the mission are scientific and appropriate.
    The mission comply with the general principles outlined in article 240 of the United Nations Convention on the Law of the Sea regarding the conduct of marine scientific research, and are both legitimate and legal, the chief scientist said.
    Ding Duo, a researcher with the National Institute for South China Sea Studies, noted that China’s marine scientific exploration activities in relevant waters are based on China’s territorial sovereignty over the Nansha Qundao and its corresponding maritime rights. China’s relevant activities are exercising the rights of coastal countries granted by international laws, including the United Nations Convention on the Law of the Sea, said Ding.
    China welcomes scientific research institutions of other countries in the South China Sea to conduct joint maritime scientific research activities with China, promote practical maritime cooperation in various fields, and create favorable conditions for peace and stability in the South China Sea, as well as regional development and prosperity, Ding added.

    MIL OSI China News –

  • MIL-OSI Economics: Verizon Business and SK Shieldus team up to bolster cybersecurity offerings

    Source: Verizon

    Headline: Verizon Business and SK Shieldus team up to bolster cybersecurity offerings

    SEOUL – Verizon Business and SK Shieldus have agreed to collaborate to deliver cybersecurity solutions to South Korean and Asian enterprises operating on a global scale. This strategic relationship will leverage Verizon Business’ extensive global reach and SK Shieldus’ deep-rooted expertise to provide comprehensive, world-class protection addressing the unique needs of Asian businesses.

    By combining their strengths in real-time threat intelligence, vulnerability assessment, incident response, and managed security services, Verizon Business and SK Shieldus aim to empower enterprises to confidently navigate the complex global threat landscape, safeguarding their operations and assets worldwide.

    Verizon Business works with 99% of Fortune 500 companies and governments worldwide and offers a suite of management and data security services. The company operates nine Security Operations Centers, six forensics labs and one of the largest IP networks in the world, monitoring 61 billion security events annually. In addition, Verizon’s investigative response team boasts more than 400 security experts and conducted 500+ IT investigations in 2023.

    “South Korea boasts one of the largest and most advanced economies in the world, and SK Shieldus has developed world-class cyber security capabilities in this market. We’re pleased to be working with them to enable businesses to further navigate the complexities of the digital landscape with confidence and resilience,” said Robert Le Busque, Regional Vice President for Asia Pacific at Verizon Business Group.

    Headquartered in South Korea, SK Shieldus is South Korea’s largest security services provider with a comprehensive suite of offerings, including physical security, security monitoring, consulting, system integration, solution supply, and operations. SK Shieldus was formed in 2021 following the merger of SK Infosec and ADT Caps. As a result, this integrated security provider, with physical and cybersecurity capabilities, has positioned itself as an industry leader by offering comprehensive security services. These services include security monitoring, consulting, system integration (SI), security solution supply, and security operations. With a customer base of over 1,800 across public, financial, and corporate sectors, including affiliates of the SK Group.

    SK Shieldus Chief Executive Officer, Dr. W.P. Hong stated that ‘Verizon is one of the world’s biggest technology providers with strong cyber capabilities. With the synergies and our capabilities in the Korea market, we will further strengthen cyber security capabilities for our customers in the market. As No.1 cyber security provider in Korea, we will utilise this collaboration to service our clients in Asia and globally’.

    To learn more about Verizon Business’ cybersecurity portfolio, visit https://www.verizon.com/business/en-sg/products/security/ .

    MIL OSI Economics –

  • MIL-OSI Russia: Sobyanin: Lomonosov Cluster Plays Leading Role in Import Substitution Development

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The need for import substitution has become one of the drivers for the development of Moscow production. Work in this direction was discussed by in his blog Sergei Sobyanin.

    “Our comprehensive business support system is designed to provide all necessary assistance to new developments and production of domestic products. The leading role in this matter is given to

    cluster “Lomonosov”, the operator of which is Moscow Innovation Cluster“, the Mayor of Moscow wrote.

    The new building of the scientific valley of the Moscow State University named after M.V. Lomonosov has allowed to unite the most promising innovations of the capital. All necessary conditions for the operation of high-tech productions have been created here.

    More than 60 companies have become residents of the cluster since 2023. They develop high-tech solutions for the medical, space, oil and gas, food and other industries.

    More than two thousand people are employed in production. The enterprises’ revenues exceeded 11 billion rubles last year. They have access to support from the entire innovation ecosystem of the capital, including the “Academy of Innovators” – one of the most successful projects of the capital Department of Entrepreneurship and Innovative Development, which helps develop projects from an idea to a startup.

    Powerful controllers, efficient filters and software for pharmaceuticals

    The developments of the residents of the Lomonosov cluster successfully compete with both domestic and foreign analogues.

    For example, the company “Adaptto” produces controllers – electronic devices for controlling the electric drive of vehicles. Compact and functional devices are two to four times more powerful than similar imported devices. They are used in all types of electric transport (in land, air, water transport), as well as in industry (fans, elevators).

    The company plans to complete new developments in the near future. These include a three-in-one unit (controller, inverter, gearbox) for electric vehicles and hybrid power plants.

    “Pharmaceutical and microelectronic production requires a particularly clean air environment – there literally shouldn’t be a speck of dust in the room,” noted Sergei Sobyanin.

    Aerolife specialists have developed a fundamentally new type of filters. Innovative filters allow achieving the highest level of purification according to class U15. Air is purified by 99.9995 percent with a size of polluting particles greater than 0.1 micrometer. The products have no analogues in Russia, and imported ones are inferior in such characteristics as dust capacity and energy efficiency.

    Aerolife systems are used at microprocessor manufacturing plants in Zelenograd, in the development of new drugs at institutes of the Russian Academy of Sciences, in the production of vaccines at the N.F. Gamaleya National Research Center for Epidemiology and Microbiology (NRCEM), and at more than 20 pharmaceutical companies.

    Serial production of new filters has been launched in the Mosgormash technology park. This year, the company plans to triple its capacity.

    The Simurg computing platform, created by Simurgpharm, is the first drug development software in Russia. It can be used to analyze and predict preclinical and clinical data during drug planning and testing.

    The use of such mathematical models is a mandatory condition for registering new drugs. The platform is registered in the register of domestic software. It was tested jointly with specialists from the companies “Alpharma”, “Biocad” and others and is actively used in educational programs of the First Moscow State Medical University named after I.M. Sechenov and the Scientific and Technological University “Sirius”.

    Wireless communications, seismological equipment and protective coatings

    INWAVE (OOO Microwave Electronics) is a leading domestic manufacturer of control and measuring equipment, wireless communications and antenna systems. Wireless communications solutions include broadband access, radio relay and satellite communications.

    “The company’s technologies are successfully used in the development and production of various radio-electronic products, such as onboard equipment for space systems. Over the past year, with the support of the city, the company has increased its production capacity and is also planning to improve the line of control and measuring equipment, introducing new technologies and materials, which will improve the characteristics and reliability of the products,” the Mayor of Moscow said.

    The Split company produces a hardware and software complex using SplitMultiSeis technology. The system helps to conduct high-quality seismic research on land and at sea. It is used to solve engineering and geological problems, for example, when developing offshore fields or in transition zones. With the help of the complex, more than 100 projects have been implemented in the Arctic seas of Russia, the Black, Caspian, Baltic, Japanese seas, Onega and Ladoga lakes, Lake Baikal and others.

    OOO TSZP develops and implements technologies for surfacing and spraying multifunctional protective coatings from metals, ceramics and metal ceramics. Such coatings allow to extend the service life of products by three to four times, reduce the costs of major repairs by 30 percent and increase the interval between repairs of equipment, as well as provide a sufficient reserve of time for technical re-equipment of enterprises.

    “Innovative technologies for repair and strengthening of hot gas path elements of turbines from General Electric, Siemens, Ansaldo and others, which have successfully replaced foreign analogues, play a major role in import substitution. Over the past year alone, about 300 gas turbine parts have been restored for Moscow enterprises, and five research projects have been conducted to create import-substituting technologies,” wrote Sergei Sobyanin.

    The company’s customers include enterprises in the energy, oil, gas, oil refining, metallurgy, shipbuilding, aircraft manufacturing and other industries.

    Sergei Sobyanin: The Lomonosov Cluster has united the best innovators of the capital

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

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

    https://vvv.mos.ru/major/themes/11748050/

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

    MIL OSI Russia News –

  • MIL-OSI Submissions: Economy – GlobalData outlines strategies adopted by businesses to minimize the impact of inflation

    Source: GlobalData

    Inflation remains a significant concern for economies globally, with some experiencing moderation while others facing persistently elevated levels. This disparity has led companies to reevaluate their strategies to mitigate inflation’s effects. Companies across industries are taking decisive steps to deal with the pressure emerging out of these challenges, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Company Filing Analytics Database reveals the various action plans of companies to tackle inflation or minimize its impact on margins in their respective filing documents.

    Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “While some companies are seen to be keen on covering inflation with pricing actions, some are focused on cost management. Meanwhile, some companies are considering reducing the pressure on their lower-end customers as inflation begins to ease.”

    Alimentation Couche-Tard Inc believes that inflation is beginning to ease and interest rates are expected to be lowered in the coming months. The company hopes this will lessen some pressure on the lower-end customers. The Canada-based Convenience store company is also working to provide customers with value and ease inside stores and on forecourts.

    Darden Restaurants Inc revealed its attempt to minimize the annual effects of inflation through appropriate planning, operating practices, and menu price increases. The filing documents reveal that some of the impacts of the inflation have been offset by menu price increases and other adjustments made during the year.

    Bio-Techne Corp discussed its plan to fund all new investments with productivity initiatives and cover inflation with pricing actions. Hewlett Packard Enterprise Co expects the pricing to remain competitive, which might impact the company’s financial results. The information technology company plans to mitigate the impact of these dynamics through disciplined cost management.

    Haier Smart Home Co Ltd revealed in its latest report that the company strengthened its supply chain and distribution network, enhanced its high-end product lineup, and increased price indices to achieve 9.9% revenues growth in South Asia, 12.4% in Southeast Asia and 26.8% in Middle East & Africa in the first half this year.

    Singh concludes: “As businesses navigate these pressures and try to maintain profitability it requires a careful balance between cost management, market development, and portfolio diversification. Companies will need to stay agile to adapt to the ongoing economic uncertainties and the evolving inflationary landscape.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News –

  • MIL-OSI Translation: Meeting of the Council of Ministers on 25 September 2024

    MIL OSI Translation. Timor-Leste Portuguese to English –

    Presidency of the Council of Ministers

    Spokesperson for the Government of Timor-Leste
    ……………………………………………. ……………………………………………. …………………….

    Press release

    Meeting of the Council of Ministers on 25 September 2024

    The Council of Ministers met at the Government Palace in Dili and approved the draft Government Resolution, presented by the Minister of the Presidency of the Council of Ministers in office, Adérito Hugo da Costa, and by the President of the Civil Service Commission, Agostinho Letêncio de Deus, which sets the vacancies for the promotion of personnel integrated in the General Regime of Public Administration Careers for the year 2024.

    Of the total of 817 vacancies for promotion established by this Government Resolution, 47 are for the category of Senior Technician – Grade A, 122 for Senior Technician – Grade B, 188 for Professional Technician – Grade C, 234 for Professional Technician – Grade D, 149 for Administrative Technician – Grade E and 77 for Assistant – Grade F.

    Vacancies for promotion are set annually by the Government, based on a proposal from the Civil Service Commission, up to a limit of ten percent of the total staff in each category or professional group.

    *****

    An initial assessment was made of the initiative to create a seniority-based promotion system for civil servants, also presented by the Presidency of the Council of Ministers and the Civil Service Commission, concerning. This initiative aims to ensure career progression for those who, for various reasons, have not been able to obtain merit-based promotions in recent years, based on criteria such as seniority, performance, age, professional training, work in remote areas, good behaviour and attendance.

    *****

    The Secretary of State for Equality, Elvina de Sousa Carvalho, made a presentation to the Council of Ministers on the implementation of the gender equality policy and the recommendations of the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW). The Third Phase of the Maubisse Declaration (2023-2028) was also presented, which follows on from the previous phases, focusing on the economic empowerment of rural women and people with disabilities. This phase is aligned with the priorities of the IX Constitutional Government and the recommendations of the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW).

    The main commitments of this phase are organised into three areas: Social Capital, which covers social protection, inclusive education and health care, with a focus on preventing gender-based violence and improving maternal health care; Infrastructure, which promotes access to safe and accessible markets, the development of roads, sanitation and adapted public buildings, with a focus on inclusive public transport; and Economy, which prioritises agricultural development, female entrepreneurship and access to credit for rural women, strengthening their participation in sectors such as tourism and agriculture. Monitoring mechanisms are also being strengthened to ensure the implementation of these commitments. Implementation is led by several key government institutions, including relevant ministries and the National Bank of Commerce of Timor-Leste (BNCTL), which ensure the effective implementation of the planned measures.

    *****

    In order to resolve the payment of existing debts to hospitals abroad and ensure the continuity of health services, the Council of Ministers decided to instruct the Minister of Health to carry out a detailed survey of debts and payment deadlines, as well as the funds available to meet these commitments. The Minister of Health must establish prioritization criteria for payments, based on the urgency of the services, risks to public health and impact on hospital operations.

    Among other measures, the Council of Ministers also instructed the Minister of Health to start negotiations with hospitals for debt restructuring and to propose to the Ministry of Finance a budgetary reinforcement for the health sector. The implementation of these measures will be monitored by a working group created specifically for this purpose, which will be required to report regularly to the Council of Ministers on the progress made in regularizing hospital debts. ENDS

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

    MIL Translation OSI

  • MIL-OSI Asia-Pac: FS meets Spanish business leaders

    Source: Hong Kong Information Services

    Continuing his visit to Madrid, Spain, Financial Secretary Paul Chan yesterday spoke at a business lunch, met Spanish officials and visited local enterprises.

    Delivering a keynote speech at a lunch with about 150 leaders from Spain’s business, financial, and innovation and technology sectors, Mr Chan stressed that Hong Kong has restored its global connections following the COVID-19 pandemic, and is eager to deepen co-operation with Spain to deliver mutual benefits.

    With the advantages brought by “one country, two systems”, Hong Kong is solidifying its role as a super-connector, and welcomes Spanish enterprises to use the city as a springboard to tap into the vast markets of the Greater Bay Area, the Mainland, and Asia more broadly, he said.

    He added that through its mutual access schemes with the Mainland’s capital markets, Hong Kong provides a channel through which Spanish companies can easily attract funds.

    Furthermore, as Hong Kong’s green standards are compatible with those of the European Union, green projects in Europe can leverage Hong Kong as a fund-raising platform. Mr Chan elaborated that Hong Kong can also collaborate with Spain’s tech ecosystem across key sectors such as artificial intelligence, biotechnology, fintech, and new energy and new materials.

    In the afternoon, the finance chief met Spanish Secretary of State for Trade Amparo López Senovilla and briefed her on economic developments in Hong Kong. The two officials also held in-depth exchanges on the promotion of economic and trade co-operation and mutual investment.

    Additionally, Mr Chan led a delegation of Hong Kong tech startups on a visit to IMPACT, a Spanish startup accelerator, for an exchange of views on entrepreneurial strategies in the innovation and technology sector. He and the delegation also visited the Spanish telecommunications company Telefónica to learn about its development strategies in 5G telecommunications, the Internet of Things and Web3.0.

    The Financial Secretary was due to continue his stay in Madrid this morning before heading to London in the afternoon.

    MIL OSI Asia Pacific News –

  • MIL-OSI: NBPE Announces August Monthly NAV Estimate

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces August Monthly NAV Estimate

    25 September 2024

    NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 August 2024 monthly NAV estimate.

    NAV Highlights (31 August 2024)

    • NAV per share was $27.44 (£20.88), a total return of 0.1% in the month
    • Performance driven by 1.4% quarterly uplift in private company valuations (ex-FX), offset by negative FX adjustments of 0.2%
    • Year to date NAV TR of 1.2%
    • $73 million invested in new and follow on investments year to date
    • $390 million of available liquidity at 31 August 2024
    • 2H 2024 dividend of $0.47 paid on 30 August 2024
    • Annualised dividend yield at  31 August 2024 NAV of 3.4%; annualised share price yield is 4.5% based on the closing share price of £15.92 on 31 August 2024
    As of 31 August 2024 YTD 1 Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised    		 1.2% 1.7% 6.8%
    2.2%    		 72.8%
    11.6%    		 177.1%
    10.7%
    MSCI World TR (USD)*
    Annualised    		 17.1% 25.0% 23.8%
    7.4%    		 89.7%
    13.7%    		 162.9%
    10.1%
    Share price TR (GBP)*
    Annualised    		 (0.3%) 8.1% 12.0%
    3.8%    		 77.1%
    12.1%    		 263.0%
    13.8%
    FTSE All-Share TR (GBP)*
    Annualised    		 11.3% 17.0% 24.4%
    7.5%    		 37.9%
    6.6%    		 80.9%
    6.1%

    *Reflects cumulative returns over the time periods shown and are not annualised.

    Portfolio Update to 31 August 2024

    Following the 1H private portfolio valuation increases, movements in public holdings and FX in July and August, NBPE’s NAV TR year to date was 1.2%.

    NAV performance during the month driven by:

    • 0.1% NAV increase ($1 million) from postive FX movements
    • 0.5% NAV increase ($7 million) from the value of quoted holdings (which now constitute 7% of portfolio fair value)
    • 0.4% NAV decrease ($5 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability

    Realisations from the portfolio continue in 2024

    • $5 million received during the month and a further $6 million expected in the coming months from the announced realisation of Syniti
    • $158 million of realisations received year to date, driven by Action and previously announced sales of Cotiviti, Melissa & Doug, FV Hospital and Safefleet as well as partial sales of public stock and continued realisations from the legacy income investment portfolio

    $390 million of total liquidity at 31 August 2024

    • $180 million of cash and liquid investments with $210 million of undrawn credit line available

    $73 million invested in 2024 in new and follow-on investments

    • $25 million invested in FDH Aero, a leading parts distributor to the aerospace and defense industry
    • $38 million invested into two U.S. healthcare businesses, Benecon and Zeus
    • $10 million of additional new and follow on investments

    $0.47 semi annual dividend paid on 30 August 2024

    • Bringing total dividends paid to shareholders since 2013 to approximately $360 million

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 31 August 2024 was based on the following information:

    • 7% of the portfolio was valued as of 31 August 2024
      • 7% in public securities
    • 93% of the portfolio was valued as of 30 June 2024
      • 92% in private direct investments
      • 1% in private funds

    For further information, please contact:

    NBPE Investor Relations         +44 (0) 20 3214 9002
    Luke Mason                              NBPrivateMarketsIR@nb.com 

    Kaso Legg Communications   +44 (0)20 3882 6644

    Charles Gorman                        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 31 August 2024)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer                        68.3 5.4%
    Osaic 2019 Reverence Capital Financial Services                        62.7 4.9%
    Solenis 2021 Platinum Equity Industrials                        58.2 4.6%
    BeyondTrust 2018 Francisco Partners Technology / IT                        42.0 3.3%
    Branded Cities Network 2017 Shamrock Capital Communications / Media                        40.1 3.2%
    Monroe Engineering 2021 AEA Investors Industrials                        38.3 3.0%
    Business Services Company* 2017 Not Disclosed Business Services                        37.2 2.9%
    True Potential 2022 Cinven Financial Services                        35.5 2.8%
    GFL (NYSE: GFL) 2018 BC Partners Business Services                        33.8 2.7%
    Kroll 2020 Further Global / Stone Point Financial Services                        31.4 2.5%
    Marquee Brands 2014 Neuberger Berman Consumer                        30.8 2.4%
    Staples 2017 Sycamore Partners Business Services                        30.7 2.4%
    Constellation Automotive 2019 TDR Capital Business Services                        30.6 2.4%
    Fortna 2017 THL Industrials                        28.7 2.3%
    Viant 2018 JLL Partners Healthcare                        27.2 2.1%
    Stubhub 2020 Neuberger Berman Consumer                        26.6 2.1%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT                        25.6 2.0%
    FDH Aero 2024 Audax Group Industrials                        25.3 2.0%
    Agiliti 2019 THL Healthcare                        25.3 2.0%
    Benecon 2024 TA Associates Healthcare                        25.2 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT                        24.4 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services                        23.8 1.9%
    USI 2017 KKR Financial Services                        23.2 1.8%
    Auctane 2021 Thoma Bravo Technology / IT                        22.5 1.8%
    AutoStore (OB.AUTO) 2019 THL Industrials                        22.2 1.7%
     

    Excelitas

    		  

    2022

    		  

    AEA Investors

    		  

    Industrials

    		                        21.9  

    1.7%
    Qpark 2017 KKR Transportation                        21.3 1.7%
    Exact 2019 KKR Technology / IT                        20.0 1.6%
    Renaissance Learning 2018 Francisco Partners Technology / IT                        19.4 1.5%
    Bylight 2017 Sagewind Partners Technology / IT                        18.6 1.5%
    Total Top 30 Investments                            $940.8 74.0%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 77%
    Europe 22%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 20%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 13%
    Healthcare 8%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 11%
    2017 19%
    2018 15%
    2019 14%
    2020 12%
    2021 17%
    2022 5%
    2023 2%
    2024 5%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $481 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of June 30, 2024.

    1Based on net asset value.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    Attachments

    The MIL Network –

  • MIL-OSI United Nations: IOM Youth Changemakers Initiative: Supporting Youth Action on Migration Worldwide

    Source: International Organization for Migration (IOM)

    Geneva, 24 September – The International Organization for Migration (IOM) launched the Youth Changemakers Initiative, empowering ten young leaders globally, who will collaborate closely with IOM offices to advocate on critical issues such as climate mobility, human trafficking, gender equality, health, and countering xenophobia. 

    Driven by a passion for migration and a commitment to creating meaningful change, IOM’s Youth Changemakers will dedicate the next 11 months to positively impacting their communities. This initiative will provide them with the opportunity to apply their knowledge and skills, as well as leverage the support of a global network of like-minded peers. 

    “The IOM’s Youth Changemakers Initiative is supporting young leaders worldwide to become effective migration advocates and agents of change in their communities,” said IOM Director General Amy Pope.  

    Of the world’s 281 million migrants, 87 million of them – or about 31 percent – are under the age of 30. In their host communities, young changemakers bring innovative solutions to migration challenges and opportunities, playing a crucial role in achieving the Sustainable Development Goals. 

    The selection process for the Youth Changemakers involved two stages. Initially, five young leaders were chosen through a competitive global application process. They were later joined by five African Union (AU)-IOM Migration Youth Ambassadors, selected in 2023 by the IOM Special Liaison Office in Addis Ababa in partnership with the AU Women, Gender and Youth Directorate and the Office of the AU Chairperson’s Youth Envoy. 

     

    The IOM Youth Changemakers are (in alphabetical order): 
     

    1. Asha Jhanay Richards, from the United States of America and Jamaica  
    2.  Damilola Adeniran, from Nigeria  
    3.  Jürgen Adam Sanchez, from Mexico  
    4.  Kornelius Sembiring, from Indonesia  
    5.  Rose Kobusinge, from Uganda  
    6.  Sarah Badr, from Egypt  
    7.  Sérgio Murilo Magalhaes Godinho, from Brazil  
    8.  Sheba George, from India  
    9.  Valery Bobuin Jr., from Cameroon  
    10.  Walter Kasempa, from Zambia 

     

    As a first step, each Youth Changemaker will create an individual action plan aimed at raising awareness about migration in ways that are both accessible and relevant to their communities. To support their efforts, IOM will facilitate their participation in key meetings and events, offer training sessions, and provide peer-learning opportunities.  

    Despite their significant contributions to sustainable development, young people remain underrepresented in public policymaking. The Youth Changemakers Initiative aims to enhance their participation in migration discussions and promote safe, orderly, dignified, and inclusive migration. 

     

    More information about this initiative is available on the official website.  

    For more information, please contact media@iom.int. 

    MIL OSI United Nations News –

  • MIL-OSI Security: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Source: United States Attorneys General 13

    Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them with crimes related to labor-staffing companies they operated in Florida. The two men were extradited from the Kingdom of Thailand to the United States last week. 

    According to the superseding indictment, between August 2007 and July 2021, Oleg Oliynyk, Oleksandr Yurchyk and others owned and operated a series of labor-staffing companies in South Florida, including Paradise Choice LLC, Paradise Choice Cleaning LLC, Tropical City Services LLC and Tropical City Group LLC. The indictment alleges that the defendants, through these staffing companies, facilitated the employment in the hospitality industry of non-resident aliens who were not authorized to work in the United States. In addition, Oliynyk and Yurchyk allegedly conspired to defraud the IRS by, among other things, not withholding Social Security, Medicare and income taxes from these workers paychecks, and causing false corporate tax returns for the labor-staffing companies to be filed with the IRS. 

    Both defendants were charged with conspiracy to defraud the United States, conspiracy to harbor non-resident aliens and induce them to remain in the country and conspiracy to commit money laundering. If convicted, the defendants each face a maximum penalty of five years in prison on the conspiracy to defraud the United States charge, a maximum penalty of 10 years in prison on the conspiracy to harbor aliens and induce them to remain in the United States charge and a maximum penalty of 20 years in prison on the money laundering conspiracy charge. Each count also carries the possibility of a fine and supervised release upon completion of any sentence of incarceration. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Markenzy Lapointe for the Southern District of Florida made the announcement.

    The Department of Homeland Security, Homeland Security Investigations and IRS Criminal Investigation are investigating the case. The Justice Department’s Office of International Affairs provided significant assistance in securing the arrest and extradition of Oliynyk and Yurchyk. The United States also thanks the Embassy of the United States in Thailand – Regional Security Office and Thai law enforcement partners including the Royal Thai Police and Office of the Attorney General for their valuable assistance.

    Senior Litigation Counsel Sean Beaty and Trial Attorneys Matthew C. Hicks and Wilson R. Stamm of the Tax Division and Assistant U.S. Attorney Christopher Clark for the Southern District of Florida are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Canada: Minister Ferrada attends the G20 Tourism Ministers’ Meeting in Belém, Brazil

    Source: Government of Canada News

    As the main forum for cooperation among the world’s leading economies, the Group of 20 (G20) plays an important role in global governance, deepening cooperation between nations to address major global challenges.

    September 24, 2024 – Belém, Brazil

    As the main forum for cooperation among the world’s leading economies, the Group of 20 (G20) plays an important role in global governance, deepening cooperation between nations to address major global challenges. This includes a ministerial meeting that brings together tourism ministers from the G20 and other key nations.

    The Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec, recently concluded Canada’s successful participation in the 2024 G20 Tourism Ministers’ Meeting in Belém, Brazil.

    The G20 Tourism Ministers’ Meeting gives nations a venue to share best practices, foster international collaboration and use tourism to drive economic growth and cultural understanding. The fight against climate change was a major focus of this year’s meeting. Minister Ferrada shared Canada’s perspectives on climate change—from warm winters to wildfires—as an existential threat to tourism. The Minister also took part in extensive discussions on tourism sustainability and workforce challenges, like training and recruitment.

    Minister Ferrada also represented Canada during several other important activities surrounding the ministerial meeting. She participated in the World Travel & Tourism Council’s public-private sector dialogue, where participants shared their priorities and concerns and identified opportunities for mutual support and greater public-private partnership. Minister Ferrada spoke on behalf of Canada at the UN Tourism sustainability forum, which explored how nations can work together to build an inclusive and sustainable global tourism industry. Finally, the Minister held bilateral meetings with key allies and partners, including the United States, Japan, Germany and Italy.

    Alexander Cohen
    Director of Communications
    Office of the Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec
    alexander.cohen@ised-isde.gc.ca

    Media Relations
    Innovation, Science and Economic Development Canada
    media@ised-isde.gc.ca

    For easy access to government programs for businesses, download the Canada Business app.

    MIL OSI Canada News –

  • MIL-OSI USA: Joint Press Statement for the 25th Korea-U.S. Integrated Defense Dialogue

    Source: United States Department of Defense

    The Republic of Korea (ROK) Ministry of National Defense (MND) and the U.S. Department of Defense (DoD) held the 25th Korea-U.S. Integrated Defense Dialogue (KIDD) from September23-24, 2024, in Seoul.

    Deputy Minister (DEPMIN) for National Defense Policy, Mr. Cho Chang Lae, led the ROK delegation. Deputy Assistant Secretary of Defense (DASD) for East Asia, Mr. Anka Lee, led the U.S. delegation. Key senior ROK and U.S. defense and foreign affairs officials also participated in the dialogue.

    Both sides had an in-depth discussion focusing on the three pillars of the “Defense Vision of the U.S.-ROK Alliance”: enhancing extended deterrence efforts against the Democratic People’s Republic of Korea (DPRK), modernizing Alliance capabilities based on science and technology cooperation, and strengthening solidarity and regional security cooperation with like-minded partners. They acknowledged the importance of faithfully implementing the Defense Vision to strengthen the U.S.-ROK Alliance, and reviewed implementation of specific tasks. In addition, the two sides noted progress to align U.S.-ROK bilateral defense mechanisms under the Security Consultative Meeting (SCM) to effectively and efficiently support strengthening the Alliance through the implementation of the Defense Vision, and pledged to continue assessing them.

    The two sides reaffirmed their common goal of the complete denuclearization of the DPRK, and concurred on the importance of the Alliance’s close coordination to maintain a vigilant combined defense posture. Both sides exchanged views on ever-changing DPRK threats, as well as its advancing nuclear and missile capabilities, which are destabilizing the Korean Peninsula and the region. Both sides strongly condemned DPRK provocations and threats that undermine regional peace and stability, including its diversification of nuclear delivery systems and continuing space launch attempts.

    Both sides commended the Alliance’s efforts to enhance extended deterrence in an integrated manner since President Biden and President Yoon’s April 2023 Washington Declaration and committed to continue strengthening extended deterrence cooperation through the work of the Nuclear Consultative Group.

    The United States reaffirmed its enduring and ironclad commitment to the defense of the ROK, utilizing the full range of U.S. defense capabilities – including nuclear, conventional, missile defense, and advanced non-nuclear capabilities – and reiterated that any nuclear attack by the DPRK against the United States or its Allies and partners is unacceptable and will result in the end of the Kim regime. Both sides affirmed that the full capabilities of the two countries would contribute to the Alliance’s combined defense posture.

    Both sides reviewed the progress from a joint study of the Alliance’s comprehensive counter-missile strategy and also discussed future enhancements in information sharing through the U.S. Shared Early Warning System (SEWS) to respond to DPRK’s advancing missile threats. The two sides pledged to continue developing response capabilities and posture through the Counter-Missile Working Group (CMWG).

    The two sides expressed grave concern over the DPRK’s continuing sending of filth balloons. They also recognized the need for closely coordinated responses to intensifying DPRK’s gray zone provocations, such as cyber and electromagnetic attacks, and threats in the vicinity of the Northwest Islands and Northern Limit Line (NLL). Both sides noted that the NLL has been an effective means of separating military forces and preventing military tension over the past 70 years, and the ROK side urged the DPRK to accept the practical value of, and abide by, the NLL.

    The two sides shared assessments of the recent ULCHI FREEDOM SHIELD 24 (UFS 24) exercise, which included realistic threats such as DPRK’s advancing nuclear and missile threats, GPS jamming and cyber attacks. They agreed that UFS further enhanced the Alliance’s crisis management and strengthened deterrence and defense capabilities. In addition, they assessed that combined field training exercises (FTX), which were more extensive than the past year in land, maritime and air domains, enhanced interoperability and combined capabilities to execute Alliance operations as well as demonstrated a robust ability to defend the ROK. Based on these achievements, both sides agreed to strengthen combined exercises and trainings in line with rapidly changing security environment of the Korean Peninsula.

    The two delegations also discussed the danger of DPRK-Russian military cooperation following the signing of the “Treaty on Comprehensive Strategic Partnership” between Russia and the DPRK. In particular, they expressed grave concern over illegal arms trade and transfer of high-technology between Russia and the DPRK that violate United Nations Security Council resolutions (UNSCRs), and pledged to respond by working closely together with the international community. The two sides reaffirmed the importance of full implementation of UNSCRs by the entire international community, including China and Russia, and concurred that such endeavors back the complete denuclearization of the DPRK.

    The ROK and United States agreed to continue strengthening efforts made to date for further modernizing Alliance capabilities and evolving based on science and technology cooperation. The two delegations applauded the progress establishing a Defense Science and Technology Executive Committee under the SCM, and pledged to expedite efforts for practical cooperation under this consultative body within the year. In addition, based on such cooperation, they shared the understanding that areas of cooperation need to be expanded further, including artificial intelligence, autonomous technology, crewed-uncrewed teaming, and next-generation communications. In that vein, both sides consulted on a ROK proposal to hold a joint ROK-U.S. Defense Science and Technology Conference from the year 2025.

    The two sides also pledged to continue expanding cooperative measures to enhance the defense industrial base and interoperability of both the United States and the ROK. The delegations agreed that cooperative efforts for a Regional Sustainment Framework being developed by the Defense Department would strengthen posture and capabilities of the Alliance. As such, they highly appreciated a ROK’s participation in the Maintenance, Repair, and Overhaul (MRO) pilot project, in an area of Air Force’s aviation maintenance, and pledged to continue discussions for expanding cooperation into the Army aviation and naval vessels. The two sides also welcomed the recent U.S. Navy contract with ROK shipyards for the conduct of MRO for U.S. vessels. In addition, both sides recognized the need to provide reciprocal market access to deepen defense cooperation and enhance supply chain resiliency, and pledged to advance progress on a Reciprocal Defense Procurement Agreement (RDP-A).

    Both sides commended the work of the Space Cooperation Working Group (SCWG), including ROK’s participation in the Joint Commercial Operations (JCO) led by the U.S. Space Force. They emphasized that such cooperation contributes to enhancing interoperability and information sharing for space domain awareness of the Alliance and strengthens joint response capabilities against increasing space threats. Furthermore, the two sides welcomed the work of the Cyber Cooperation Working Group (CCWG), including the Cyber Alliance and Cyber Flag exercise.

    The two sides reviewed the progress on the Conditions-based OPCON Transition Plan (COTP) agreed upon by the ROK and the United States through Conditions-based OPCON Transition Working Group (COTWG). They exchanged views on this year’s bilateral evaluation on the capabilities and systems required for OPCON transition, pledged to pursue OPCON transition in a systematic and stable manner, and reaffirmed the two nations’ commitment to strengthening combined defense posture of the Alliance.

    DEPMIN Cho and DASD Lee also reviewed the regional and global security environments and pledged to deepen cooperation with like-minded countries to achieve shared security goals. They acknowledged that the 2nd ROK-UNC Member States Defense Ministerial Meeting, which was held in Seoul in early September reaffirmed the commitment and resolve of the UNC Member States to peace and stability on the Korean Peninsula. They reviewed the work of the Regional Cooperation Working Group (RCWG) aimed at enhancing peace and stability in the region, and pledged to strengthen cooperative efforts based on the respective Indo-Pacific strategy of both countries. In that vein, they closely discussed measures for regional cooperation to pursue expanded cooperation with the ASEAN members and Pacific Islands Countries, and agreed to report the outcomes of the discussions at the 56th SCM.

    In addition, both sides concurred that ROK-U.S.-Japan security cooperation should continue to be strengthened to achieve shared security goals on the Korean Peninsula and in the Indo-Pacific region. They pledged to intensify cooperation to respond to regional security landscape based on the Trilateral Security Cooperation Framework (TSCF), including high-level policy consultations, information sharing, and trilateral multi-domain exercises. To this end, the two sides resolved to continue efforts for the implementation of cooperative tasks agreed through the Defense Trilateral Talks (DTT) held in early September.

    DEPMIN Cho and DASD Lee agreed that the 25th KIDD reaffirmed a robust solidarity of the ROK-U.S. Alliance and provided guidance to strengthen the Alliance’s cooperation in accordance with the Defense Vision of the U.S.-ROK Alliance. Based on these outcomes of the Alliance’s cooperation, the two sides pledged to continue efforts to achieve meaningful progress at the 56th SCM, to be hosted in late 2024.

    On the occasion of this meeting, both sides visited a General Outpost along the central front, reviewing increasing DPRK military activities in the vicinity of the border region and assessing our response. They expressed appreciation to service members of the ROK and the U.S. for maintaining an overwhelming combined defense posture to respond to any DPRK provocations.

    MIL OSI USA News –