Category: Asia

MIL-OSI Economics: Samsung’s Biggest Festive Sale ‘Fab Grab Fest’ is back with Never-seen Before Deals & Offers on Smartphones, Digital Appliances, Smart Televisions, Monitors, Tablets & More

Source: Samsung

Samsung, India’s largest customer electronics brand, today announced its biggest festive sale ‘Fab Grab Fest’ starting 26th September, offering exciting deals and cashback on Galaxy smartphones, tablets, laptops, accessories, wearables, smart televisions, digital appliances and smart monitors. These never-before offers will be available on Samsung.com, Samsung Shop App and Samsung Exclusive Stores.

Buy More Save More
At heart of this festive sale will be Buy More Save More, where customers can avail an additional up to 5% discount when purchasing two or more products. This offer is only applicable on select smartphones, wearables, smart televisions and digital appliances while purchasing through Samsung.com or Samsung Shop App.

As part of Buy More Save More, Consumers buying the Galaxy Z Fold6 can get Galaxy Buds FE at just ₹ 1249 in addition to all other applicable offers. Similarly, those buying the Galaxy Book4 can get a FHD Flat Monitor at just ₹ 1920. There are also a host of other products at no extra cost such as convection microwave when customer purchases the BESPOKE Family Hub Fridge & a Q-Symphony Soundbar when customers purchase the Neo QLED 8K Smart Television.
Samsung’s commitment of delivering more value is what’s sets Fab Grab Fest apart. Beyond price discounts, bank cashback offers and exchange deals, ‘Buy More, Save More’ ensures that Samsung.com customers get a little extra for every purchase, whether it is smartphones, accessories, smart televisions or digital appliances.

Fab Grab Fest will not only offer best prices but also unmatched value through Samsung’s trusted Direct-to Consumer channels. Alongside special deals, customers can be assured of the quality, authenticity, and product availability.

During ‘Fab Grab Fest’, consumers can get up to 53% off on select models of the Galaxy Z series, Galaxy S series, and Galaxy A series smartphones. Select models of Galaxy Book4 series laptops will be available at a discount of up to 27% off, while specific models of Tab A9 and Tab S9 series, Buds3 Series, Galaxy Watch Series will have up to 74% off.

The offers extend beyond smartphones with up to 43% off on Samsung Smart Televisions – Neo QLED 8K, Neo QLED, QLED, The Frame and Crystal 4K UHD, The Freestyle projector. Additionally, customers purchasing select 55-inch and above models will be able to get their hands on a free Samsung Smart Television or Soundbar. During this festive sale, Samsung will also extend a three- years Comprehensive Warranty for free on select 32″ and above Smart Televisions.

Samsung’s monitors will be available at up to 67% off. Additionally, select smart and gaming monitors can fetch instant cart discount of up to ₹ 10000.

The excitement doesn’t end here, Customers can get up to 39% off on a wide range of premium appliances such as Side by Side and French Door Refrigerators. They will also get a 20-year warranty on Digital Inverter Compressors. Front Load and Top Load washing machines of 8Kg and above capacity will have up to 28% off and 20 years warranty on Digital Inverter motor. There will also be an instant cart discount of up to ₹ 2000 on select 9Kg Fully Automatic Front Loading washing machines.

Cashback on with ICICI, HDFC and SBI and other leading banks

Consumers can enjoy up to 40% cashback (up to ₹ 15000) on select smartphones, tablets, wearables, and laptops when using debit and credit cards from ICICI, HDFC, and other leading banks during the Fab Grab Fest.

Additionally, for purchases of select smart televisions and digital appliances customers can avail up to 22.5% cashback (up to ₹ 25000) when using debit or credit cards from ICICI, HDFC, SBI and other leading banks as part of the Fab Grab Fest offers.
Fab Grab Fest Offers
Products / Category
Consumer Offer
Highlight Models
Smartphones
Up to 53% off
Galaxy Z Fold6, Galaxy Z Flip6, Galaxy S24 Ultra, Galaxy S24+, Galaxy S24, Galaxy S23 Ultra, Galaxy S23+, Galaxy S23, Galaxy S23 FE, Galaxy A55 5G, Galaxy A35 5G, Galaxy M35 5G, Galaxy M15 5G, Galaxy F55 5G
Laptops
Up to 27% off
Galaxy Book4 Pro 360, Galaxy Book4 Pro, Galaxy Book4 360, Galaxy Book4
Tablets, Accessories & Wearables
Up to 74% off
Galaxy Tab S10 Series, Galaxy Tab S9 Series, Galaxy Tab S9 FE+, Galaxy Tab S9 FE, Galaxy Tab A9+, Galaxy Tab A9, Galaxy Watch7 Series, Galaxy Watch Ultra, Galaxy Watch FE, Galaxy Buds3 Pro, Galaxy Buds3, Galaxy Buds FE, Galaxy Fit3
TVs
Up to 43% off
Special Offer: Free Neo QLED 8K, Neo QLED, Crystal 4K UHD TVs and Soundbars*
3 Years Comprehensive Warranty^
Neo QLED 8K, QLED, The Frame, Crystal 4K UHD, The Freestyle
*Select 55″ & above TVs
^Select 32″ and above TVs
Refrigerators
Up to 39% off
20 Years warranty on Digital Inverter Compressor
Get Instant Cart Discount of up to ₹ 5000**
Starting EMI : ₹ 3990 /mo. for French Door Refrigerators & Side by Side RefrigeratorsSpecial Offer : – Buy Side by Side or French Door Refrigerators and get one year extended warranty at ₹ 449~
All Side by Side and French Door Refrigerators
**Select Side by Side refrigerators
~ Select Side by Side & French Door refrigerators (RF87 / RF90)
Washing Machines
Up to 28% off
20 years warranty on Digital Inverter motor
Fully Automatic Front Loading: Starting EMI ₹ 1990
Fully Automatic Top Loading: Starting EMI ₹ 990
Get instant cart discount of up to ₹2000^^^
All Front Load >= 8Kg | Top Load > =8Kg washing machines
^^^ Select 9Kg Fully Automatic Front Loading models
Microwaves
Up to 31% off
10-year warranty on Ceramic Enamel Cavity
Get Instant Cart Discount of up to ₹ 500~~
All Microwaves
~~ Select 28L Convection microwave ovens
Monitors
Up to 67% off
Get instant cart discount of up to ₹ 10000***
All Monitors
***Select Smart and Gaming monitors
Bank Cashback
Up to 40% cashback with ICICI, HDFC, and other leading bank debit and credit cards (Up to ₹ 15000) ##
Up to 22.5% cashback with ICICI, HDFC, SBI and other leading bank cards (Up to ₹ 25000)^^
## Smartphones, tablets, wearables, and laptops.
^^ Select TVs & Digital Appliances

MIL OSI Economics –

September 29, 2024
MIL-OSI United Kingdom: Global Partnership for Action on Gender-Based Online Harassment and Abuse calls for urgent action on countering gendered disinformation
Source: United Kingdom – Executive Government & Departments

The governments of Australia, Chile, Denmark, France, Iceland, the Republic of Korea, Spain, Sweden, New Zealand, the UK and the USA gave this joint statement.
Joint statement from the governments of Australia, Chile, Denmark, France, Iceland, the Republic of Korea, Spain, Sweden, New Zealand, the United Kingdom and the United States of America:

The undersigned country members of the Global Partnership for Action on Gender-Based Online Harassment and Abuse (Global Partnership) call attention to the urgent need to counter the spread of gendered disinformation and address all forms of technology-facilitated gender-based violence (TFGBV) against women in political and public life.

Gendered disinformation is a threat to societies defending peaceful, democratic values. False or misleading gender and sex-based narratives are being used in campaigns by malign actors to deter and discredit the participation of women, girls and LGBTQI+ persons in political and public life. This not only causes deep harm to the individuals targeted, but also threatens electoral integrity, access to information and the exercise of freedom of expression. At the same time, new and emerging technologies are being used to enable harmful, violent rhetoric and attacks against women, girls and LGBTQI+ public figures across borders at a scale and speed previously unseen.

In our 2023 Road Map, the Global Partnership committed to promoting the meaningful participation in public life for women and girls, in all their diversity, by countering TFGBV and gendered disinformation.

We welcome the work being done to shine a light on how and why gendered disinformation is conceived, who it targets and how it is spread. Last year, in a groundbreaking study, Canada, the European External Action Service, Germany, Slovakia, the United Kingdom, and the United States jointly assessed the tactics used by foreign state and non-state actors to sow gendered and other identity-based disinformation across the world.

In March 2024 the Global Partnership and members of its Advisory Group co-hosted a multi-stakeholder conference convened by the National Democratic Institute on possible responses (PDF, 2.1 MB) to countering the spread of gendered disinformation in the context of electoral processes. Stakeholders affirmed the need for a comprehensive response to disrupt the spread of gendered disinformation and to support victims and survivors.

The world is at a critical moment for upholding democracy. More than 100 countries have held, or are soon to be holding elections, many of them taking place under democratically challenging circumstances. The active participation of all people, including women, girls and LGBTQI+ persons, is essential for secure, healthy and prosperous democracies.

We call upon states to join us in recognising and taking action to counter the threat of gendered disinformation to democracies globally. We urge technology and other private companies to take appropriate action to respond to this threat, including a commitment to a Safety-by-Design approach to the development and deployment of platforms and technologies. We ask states and all stakeholders to defend and protect the ability of women, girls and LGBTQI+ persons to participate in public life freely, safely and without fear.

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Updates to this page

Published 24 September 2024
MIL OSI United Kingdom –
September 29, 2024
MIL-OSI Asia-Pac: Cross-boundary passenger traffic estimation and arrangements for National Day festive period (with photos)

Source: Hong Kong Government special administrative region

Cross-boundary passenger traffic estimation and arrangements for National Day festive period (with photos)
Cross-boundary passenger traffic estimation and arrangements for National Day festive period (with photos)
******************************************************************************************

The Immigration Department (ImmD) estimates that around 10.03 million passengers (including Hong Kong residents and visitors) will pass through Hong Kong’s sea, land and air control points during the upcoming National Day festive period (from September 28 to October 7). The ImmD, in consultation with the Shenzhen General Station of Exit and Entry Frontier Inspection and other Mainland authorities, estimates that around 8.54 million passengers will pass through land boundary control points. The number of outbound and inbound passengers using land boundary control points will be relatively higher on October 1 (Tuesday), with around 523 000 passengers and 632 000 passengers respectively. The ImmD estimates that the passenger traffic at the Lo Wu Control Point, the Lok Ma Chau Spur Line Control Point and the Shenzhen Bay Control Point will be heavy, with a daily average forecast of about 208 000, 185 000 and 118 000 passengers respectively. To cope with the anticipated heavy traffic during the festive period, the ImmD has minimised leave for frontline officers for the flexible deployment and operation of extra clearance counters and kiosks. Additional security guards will also be deployed to provide crowd management support. Furthermore, the ImmD, the Police, the Customs and Excise Department and the MTR Corporation Limited will set up a joint command centre at the Lo Wu Control Point to make necessary arrangements. The ImmD will also establish close communication with Mainland authorities, including the Shenzhen General Station of Exit and Entry Frontier Inspection. To ensure a smooth passenger traffic flow, passenger conditions will be closely monitored and appropriate traffic diversion plans will be adopted when necessary. To avoid congestion and a longer than usual waiting time for immigration clearance, the ImmD advises all land boundary passengers to plan in advance, avoid making their journeys during busy periods and keep track of radio and TV broadcasts on traffic conditions at various control points. The expected busy times at boundary control points are available on the website of the ImmD at www.immd.gov.hk. Furthermore, passengers may also check the estimated waiting times at each land boundary control point at any time or place via the Immigration Mobile Application (ImmD Mobile App). They can then plan their trips effectively and save time queuing at control points. The ImmD Mobile App can be downloaded free of charge from the Apple App Store (supports iOS version 11.0 or above), Google Play (supports Android version 8.0 or above), Huawei AppGallery (supports Android version 8.0 or above) and the APK file available on the ImmD website. Passengers can download the ImmD Mobile App by scanning the QR code (see Annex) or via the ImmD website, www.immd.gov.hk. In addition, information on public transport services to and from various control points is available on the Transport Department website at www.td.gov.hk. For travellers making journeys to the Mainland, the ImmD reminds them to carry their proof of identity and valid travel documents for crossing the boundary. Hong Kong residents should also check the validity of their Home Visit Permits. Non-permanent residents must carry their valid smart identity card as well as their Document of Identity for Visa Purposes or valid travel document. Holders of the acknowledgement receipt issued due to reported loss or replacement of their Hong Kong identity cards, or children under 11 years old who hold Hong Kong identity cards, should carry a valid travel document or Re-entry Permit. About 700 e-Channels have been installed at various control points. Hong Kong residents enrolled for the Express e-Channel should re-enrol if they have been issued with a new identity card. Furthermore, the Contactless e-Channel service is available at all control points now. All eligible Hong Kong residents, after enrolment, can generate an encrypted QR code through the Contactless e-Channel mobile application to enter the e-Channel, and then verify their identity with the facial verification technology for automated immigration clearance. In addition, all control points have introduced self-service departures for visitors to Hong Kong (Smart Departure) which provides greater travel convenience for visitors. The service employs facial recognition technology for identity verification, which allows eligible visitors holding electronic travel documents to perform self-service departure clearance through Smart Departure e-Channels without prior enrolment. Hong Kong residents who require assistance while travelling outside Hong Kong may call the 24-hour hotline of the Assistance to Hong Kong Residents Unit of the ImmD at (852) 1868.

Ends/Tuesday, September 24, 2024Issued at HKT 16:42

NNNN

MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: Rents set for two new estates

Source: Hong Kong Information Services

The Housing Authority today said rents for 2,551 flats in four blocks of two new public rental housing estates will be set at the best rent level for their districts.

The best monthly rent in urban districts of $104.4 per sq m will apply to 1,088 flats in Kin Yan House and Moon Yan House of Hiu Yan Estate.

In Sheung Shui, the best monthly rent of $74 per sq m will apply to 1,463 flats in Fu Pak House and Kam Yuk House of Choi Shek Estate.

Under this rent-fixing exercise, rents for over 69% of the flats will be less than $2,500 a month.

The authority said the rents are heavily subsidised and inclusive of rates, management fees and maintenance costs.

It added that applicants who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents or apply for assistance under the Rent Assistance Scheme.

MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: StartmeupHK Festival 2024 showcases Hong Kong’s thriving start-up ecosystem (with photos)

Source: Hong Kong Government special administrative region

     The annual StartmeupHK Festival is set to return to Hong Kong from October 21 to 25, 2024, following its previous successes. Curated by Invest Hong Kong (InvestHK) and themed “A Future Unlimited”, this year’s Festival will delve into contemporary topics such as AI, web3, GameFi, responsible tech, healthtech, greentech, sustainability, and more. As Asia’s premier start-up event, the festival anticipates participation from over 12 000 start-ups, investors, and technology enthusiasts from around the world.

     Featuring five main events and a series of community events, what sets this year’s Festival apart is its inclusion of captivating activities in multiple locations across Hong Kong and beyond, with speakers ranging from global business leaders to some of the world’s most innovative entrepreneurs. The Festival will also host a lineup of interactive activities like conferences, debates, exhibitions, pitching competitions, and additional networking opportunities. The Startups team of InvestHK has been conducting roadshows across Asia, Europe, and the Middle East to promote the Festival and position Hong Kong as an ideal location for start-ups to thrive in Asia.

The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, “I am thrilled to witness the triumphant return of this remarkable event, as it reaffirms Hong Kong’s leading position as a thriving hub for innovation and start-up success. Start-ups in Hong Kong enjoy a vibrant network of incubators and accelerators, a pool of experienced angels and venture capitalists, and a welcoming community of fellow entrepreneurs. This comprehensive ecosystem has fostered the growth of numerous unicorns and a rapidly expanding start-up landscape, covering diverse sectors such as fintech, retail tech, healthtech, and greentech.”

     She added, “The remarkable resilience and continued growth of Hong Kong’s start-up ecosystem are a testament to its attractiveness. Our 2023 Startup Survey revealed record-high figures, with 4 257 start-ups employing a total of 16 453 staff. This encouraging result can be attributed to favourable factors such as our simple tax system, low tax rate, accessibility to international and regional markets, accessibility to funding, business opportunities in Mainland China, and the free flow of information. Our strong entrepreneurial culture further reinforces Hong Kong’s position as a launchpad for start-ups seeking to access the Guangdong-Hong Kong-Macao Greater Bay Area and the broader Asian market.”

The Head of Startups at InvestHK, Ms Jayne Chan, said, “This year’s StartmeupHK Festival is promised to be more impactful than ever, fostering stronger connections and collaborations among participants, enabling international investors and other key stakeholders to engage the city’s thriving start-up community. This year, we have curated the StartmeupHK Festival to explore the most influential and forward-thinking topics around innovation and technology, igniting the exchange of ideas and inspiring new initiatives that can unlock limitless possibilities for positive change.”

     She continued, “The Festival will include community events to enhance connections in the start-up ecosystem, such as a unique event where regional venture capital (VC) investors pitch to start-up founders, as well as fun activities such as a harbour run and Peak hike with members of the tech community. Additionally, the Start-ups team is conducting global roadshows in cities like London and Shanghai to showcase Hong Kong’s advantages, including access to talent, markets, and funding. These efforts will continue until the festival begins to promote Hong Kong and the Festival to a wider global audience.”

Main events

     Day 1 (October 21) – As the opening event of the StartmeupHK Festival 2024, JUMPSTARTER Ignition Gala by Alibaba Entrepreneurs Fund will be held at the Asia Society Hong Kong Center. In addition to launching their JUMPSTARTER for One Earth global start-up competition to find companies committed to driving global positive change, the event will feature an AI theme with discussions on investments, trends and regional developments in this area.

     Day 2 (October 22) – Game On! 2024, hosted by MaGESpire, will celebrate the essence of gaming, art, music, and entertainment (GAME) industries at Soho House, Sheung Wan. If you are a hardcore gaming fan or art / music enthusiast or an entertainment aficionado keen to learn more about how new technologies are transforming this space, then you must join us!

     Day 3 (October 23) – LOUDER Connect, organised by LOUDER Global will be held at the Hong Kong Maritime Museum that will boasts a diverse network of global speakers, each brought together to collaborate and engage in meaningful conversations. The event will showcase a series of engaging Radical Debates, mentor-business matching, interactive workshops, and networking opportunities at the iconic Hong Kong Maritime Museum and Star Ferry.

     Day 4 (October 24) – Hosted by Brinc, the Asia Health Innovation Summit will be held at TOWER 535 in the vibrant district of Causeway Bay. This premier event will unite Asia’s health technology ecosystem, bringing together start-ups, professionals, investors and government to drive transformative innovation in healthcare. Key discussions include advancements in biotechnology, AI, MedTech, and wholistic well-being and more.

     Day 5 (October 25) – Organised by New World Development, 1.5°C Summit – The Defining Decade for Impact with Tech will be held at K11 Musea. This unique tech summit on climate change is dedicated to identifying and implementing the necessary actions to reduce emissions over the next decade. The event will convene leading experts, entrepreneurs, and stakeholders who are actively engaged in mitigating the effects of climate change. Participants will share their insights on how technology can revolutionise industries and foster a more sustainable future.

Community events

     The StartmeupHK Festival 2024 will feature an engaging array of community events across Hong Kong, providing attendees with exceptional opportunities to discover innovative ideas and connect with a diverse network of people.

     October 20 – Led by Hong Kong’s experimental activity group, Rock & Run, join a group of like-minded individuals for the Victoria Peak Sunset Hike – a perfect way to end your day with stunning views!

     October 20 – With the support of Alibaba Entrepreneurs Fund, tap into the regional VC investors with rev Hong Kong, for insights into the propositions, and personalities, of your future potential backers at the Asia Society Hong Kong Center. Connect with top VCs, spanning Pre-Seed to Series B, as they pitch their funds in just five minutes, followed by your questions.

     October 21 and 24 – Start your day with an exclusive small-group breakfast designed for people leaders in a Head role across business and HR, to connect, collaborate, and inspire one another. People Leaders’ Breakfast Roundtable is a unique opportunity to exchange insights around strategies for leadership and people development for the talent landscape in Hong Kong, in a relaxed and closed-door setting. A limited 10-guest experience will be curated for each day.

     October 23 – In partnership with the Hong Kong British Chamber of Commerce and hosted by the Eaton Club, come check out the UK Tech Founders Showcase Event where leading tech founders from the UK will showcase their latest innovations and solutions. The evening features fireside chats with UK tech founders who will share their insights, providing a valuable opportunity to network with industry peers while enjoying drinks and light snacks.

     October 23 – To wrap up StartmeupHK Festival 2024, join Rock & Run for a Central Harbourfront Evening Run. It is going to be an amazing scenic run to see a different side of Hong Kong.

     October 24 – Join us for an evening of China PropTech Startup Expedition in partnership with UrbanLab and Hong Kong PropTech Association. This exclusive event will showcase Mainland China’s tech start-ups that have their sights set on global success through market development in Hong Kong and beyond.

Road shows

     The Start-ups team has been going on road shows and will continue to promote Hong Kong and the Festival to a wider global audience.

     The London Startup Conference 2024 that was held on June 27 gathered start-up founders, investors, and industry experts for networking and workshops focused on business growth.

     Following this, IVS2024 KYOTO was held on July 5. Participants explored the intersection of Japan’s cultural heritage and modern technology, emphasising web2, web3, and AI advancements.

     On July 13, International Graduates & Returnees Entrepreneurship Sharing in Chengdu highlighted the entrepreneurial journeys of international students and returnees.

     The UrbanLab Global Expedition x Hong Kong 1.5°C Summit Briefing on August 16 witnessed discussions on the opportunities through Hong Kong, while the Georgian National Startup Competition on August 20 aimed to connect emerging market founders with investors.

     A series of Startup Nights in Beijing, Shenzhen, and Hangzhou throughout September also helped provide networking platforms for scaling start-ups in Asia.

     The Game On! 2024 – Dubai Edition event was held on September 13 to celebrate the gaming and entertainment industries, and The Latin Kaleidoscope event in Hong Kong on September 20 and 21 showcased Latin American culture and innovation.

     Last but not least, The Barcelona Startup Conference 2024 on October 1 will bring together local start-up leaders and investors for collaboration and growth opportunities.

MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Economics: Secretary-General of ASEAN addresses China-ASEAN Business Leaders Forum

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered his opening remarks at the China-ASEAN Business Leaders Forum under the framework of the 21st China-ASEAN Business and Investment Summit (CABIS). In his remarks, Dr. Kao stressed the importance of the RCEP and ACFTA as key to advancing ASEAN and China economic competitiveness, offering real opportunities for businesses. These has simplified customs procedures and harmonizes trade rules, making every cross-border business transaction more cost-effective and helping businesses reach new customers and suppliers.

Download the full opening remarks here.

The post Secretary-General of ASEAN addresses China-ASEAN Business Leaders Forum appeared first on ASEAN Main Portal.

MIL OSI Economics –

September 29, 2024
MIL-OSI Economics: Secretary-General of ASEAN delivers remarks at the RCEP High-Level Dialogue on Economic and Trade Cooperation

Source: ASEAN

Secretary-General of ASEAN Dr. Kao Kim Hourn today delivered remarks at the RCEP High-Level Dialogue on Economic and Trade Cooperation, held in Nanning, China. The Dialogue, themed “Collaboratively Promoting the Upgrade of the China-ASEAN Free Trade Area 3.0 and Sharing the Benefits of Regional Economic Integration under RCEP”, provided a platform to advance regional economic integration and foster deeper collaboration between ASEAN and China.

In his remarks, Dr. Kao spoke about the RCEP and ASEAN-China Free Trade Area (ACFTA), where he highlighted the importance of leveraging these frameworks to enhance trade and investment opportunities in the region. In particular, he called on businesses to take full advantage of the RCEP and the ACFTA 3.0 upgrade, which has the enormous potential to unlock new business opportunities.

Download the full remarks here.

The post Secretary-General of ASEAN delivers remarks at the RCEP High-Level Dialogue on Economic and Trade Cooperation appeared first on ASEAN Main Portal.

MIL OSI Economics –

September 29, 2024
MIL-OSI Economics: Samsung’s Biggest Festive Sale ‘Fab Grab Fest’ is back with Never-seen Before Deals & Offers on Smartphones, Digital Appliances, Smart Televisions, Monitors, Tablets & More

Source: Samsung

Samsung, India’s largest customer electronics brand, today announced its biggest festive sale ‘Fab Grab Fest’ starting 26th September, offering exciting deals and cashback on Galaxy smartphones, tablets, laptops, accessories, wearables, smart televisions, digital appliances and smart monitors. These never-before offers will be available on Samsung.com, Samsung Shop App and Samsung Exclusive Stores.

Buy More Save More
At heart of this festive sale will be Buy More Save More, where customers can avail an additional up to 5% discount when purchasing two or more products. This offer is only applicable on select smartphones, wearables, smart televisions and digital appliances while purchasing through Samsung.com or Samsung Shop App.

As part of Buy More Save More, Consumers buying the Galaxy Z Fold6 can get Galaxy Buds FE at just ₹ 1249 in addition to all other applicable offers. Similarly, those buying the Galaxy Book4 can get a FHD Flat Monitor at just ₹ 1920. There are also a host of other products at no extra cost such as convection microwave when customer purchases the BESPOKE Family Hub Fridge & a Q-Symphony Soundbar when customers purchase the Neo QLED 8K Smart Television.
Samsung’s commitment of delivering more value is what’s sets Fab Grab Fest apart. Beyond price discounts, bank cashback offers and exchange deals, ‘Buy More, Save More’ ensures that Samsung.com customers get a little extra for every purchase, whether it is smartphones, accessories, smart televisions or digital appliances.

Fab Grab Fest will not only offer best prices but also unmatched value through Samsung’s trusted Direct-to Consumer channels. Alongside special deals, customers can be assured of the quality, authenticity, and product availability.

During ‘Fab Grab Fest’, consumers can get up to 53% off on select models of the Galaxy Z series, Galaxy S series, and Galaxy A series smartphones. Select models of Galaxy Book4 series laptops will be available at a discount of up to 27% off, while specific models of Tab A9 and Tab S9 series, Buds3 Series, Galaxy Watch Series will have up to 74% off.

The offers extend beyond smartphones with up to 43% off on Samsung Smart Televisions – Neo QLED 8K, Neo QLED, QLED, The Frame and Crystal 4K UHD, The Freestyle projector. Additionally, customers purchasing select 55-inch and above models will be able to get their hands on a free Samsung Smart Television or Soundbar. During this festive sale, Samsung will also extend a three- years Comprehensive Warranty for free on select 32″ and above Smart Televisions.

Samsung’s monitors will be available at up to 67% off. Additionally, select smart and gaming monitors can fetch instant cart discount of up to ₹ 10000.

The excitement doesn’t end here, Customers can get up to 39% off on a wide range of premium appliances such as Side by Side and French Door Refrigerators. They will also get a 20-year warranty on Digital Inverter Compressors. Front Load and Top Load washing machines of 8Kg and above capacity will have up to 28% off and 20 years warranty on Digital Inverter motor. There will also be an instant cart discount of up to ₹ 2000 on select 9Kg Fully Automatic Front Loading washing machines.

Cashback on with ICICI, HDFC and SBI and other leading banks

Consumers can enjoy up to 40% cashback (up to ₹ 15000) on select smartphones, tablets, wearables, and laptops when using debit and credit cards from ICICI, HDFC, and other leading banks during the Fab Grab Fest.

Additionally, for purchases of select smart televisions and digital appliances customers can avail up to 22.5% cashback (up to ₹ 25000) when using debit or credit cards from ICICI, HDFC, SBI and other leading banks as part of the Fab Grab Fest offers.
Fab Grab Fest Offers
Products / Category
Consumer Offer
Highlight Models
Smartphones
Up to 53% off
Galaxy Z Fold6, Galaxy Z Flip6, Galaxy S24 Ultra, Galaxy S24+, Galaxy S24, Galaxy S23 Ultra, Galaxy S23+, Galaxy S23, Galaxy S23 FE, Galaxy A55 5G, Galaxy A35 5G, Galaxy M35 5G, Galaxy M15 5G, Galaxy F55 5G
Laptops
Up to 27% off
Galaxy Book4 Pro 360, Galaxy Book4 Pro, Galaxy Book4 360, Galaxy Book4
Tablets, Accessories & Wearables
Up to 74% off
Galaxy Tab S10 Series, Galaxy Tab S9 Series, Galaxy Tab S9 FE+, Galaxy Tab S9 FE, Galaxy Tab A9+, Galaxy Tab A9, Galaxy Watch7 Series, Galaxy Watch Ultra, Galaxy Watch FE, Galaxy Buds3 Pro, Galaxy Buds3, Galaxy Buds FE, Galaxy Fit3
TVs
Up to 43% off
Special Offer: Free Neo QLED 8K, Neo QLED, Crystal 4K UHD TVs and Soundbars*
3 Years Comprehensive Warranty^
Neo QLED 8K, QLED, The Frame, Crystal 4K UHD, The Freestyle
*Select 55″ & above TVs
^Select 32″ and above TVs
Refrigerators
Up to 39% off
20 Years warranty on Digital Inverter Compressor
Get Instant Cart Discount of up to ₹ 5000**
Starting EMI : ₹ 3990 /mo. for French Door Refrigerators & Side by Side RefrigeratorsSpecial Offer : – Buy Side by Side or French Door Refrigerators and get one year extended warranty at ₹ 449~
All Side by Side and French Door Refrigerators
**Select Side by Side refrigerators
~ Select Side by Side & French Door refrigerators (RF87 / RF90)
Washing Machines
Up to 28% off
20 years warranty on Digital Inverter motor
Fully Automatic Front Loading: Starting EMI ₹ 1990
Fully Automatic Top Loading: Starting EMI ₹ 990
Get instant cart discount of up to ₹2000^^^
All Front Load >= 8Kg | Top Load > =8Kg washing machines
^^^ Select 9Kg Fully Automatic Front Loading models
Microwaves
Up to 31% off
10-year warranty on Ceramic Enamel Cavity
Get Instant Cart Discount of up to ₹ 500~~
All Microwaves
~~ Select 28L Convection microwave ovens
Monitors
Up to 67% off
Get instant cart discount of up to ₹ 10000***
All Monitors
***Select Smart and Gaming monitors
Bank Cashback
Up to 40% cashback with ICICI, HDFC, and other leading bank debit and credit cards (Up to ₹ 15000) ##
Up to 22.5% cashback with ICICI, HDFC, SBI and other leading bank cards (Up to ₹ 25000)^^
## Smartphones, tablets, wearables, and laptops.
^^ Select TVs & Digital Appliances

MIL OSI Economics –

September 29, 2024
MIL-OSI USA News: Background Press Call on President Biden’s Engagements at UNGA

Source: The White House

Via Teleconference

5:33 P.M. EDT

MODERATOR: This is Michael Feldman with the NSC press team. Just as a reminder for today’s call, it is on background and attributable to senior administration officials. The call is also under embargo until 5:00 a.m. Eastern Standard Time tomorrow morning.

For awareness and not for attribution, on today’s call we have [senior administration official] and [senior administration official]. I will now turn the call over to [senior administration official] to give some opening remarks. Over to you.

SENIOR ADMINISTRATION OFFICIAL: Excellent. Thank you. And good evening, everybody. We’re very excited for the President’s trip to this year’s U.N. General Assembly, the last one of his presidency.

So, at meetings at the U.N. this week, we’re going to get a lot of business done for the American people. The President, the Secretary of State, other Cabinet officials, and even some members of Congress are here in New York to advocate for our country’s interests and values.

At the General Assembly, the President will do what he has done throughout his presidency: rally global action to tackle some of our world’s biggest challenges. So, for example, he’ll be talking this week about the climate crisis and the environment. We’ll be talking about the need to strengthen our systems for providing humanitarian assistance; to end brutal wars in Gaza, Ukraine, and Sudan; and we’ll also be talking about the implications of new technologies such as artificial intelligence.

When President Biden came to office nearly four years ago, he pledged to restore American leadership on the world stage. And given that this is the President’s last General Assembly, it’s a chance for him to talk about how this approach has produced results, real achievements for the American people and for the world.

The President’s engagements this week reflect his vision for a world where countries come together to solve big problems. This stands in contrast to some of our competitors, who have a more cynical and transactional worldview, one where countries interpret their self-interest very narrowly and don’t work together for the common good.

An overarching theme at this year’s General Assembly will be the need to reform and strengthen our global institutions, including the U.N., to make them more effective and inclusive. And that’s been a big theme of the U.N. Secretary-General’s Summit for the Future, the marquee event at high-level week this year.

Last week, President Biden released a video message ahead of the summit. I encourage you all watch it. You can find it on the Web. In the video, the President spoke about using this moment to reaffirm our commitment to the Charter of the United Nations, the Universal Declaration of Human Rights. And he talked about pushing for a stronger, more effective United Nations and a reformed and expanded Security Council. And he also talked about our efforts, investing billions in achieving the Sustainable Development Goals and building on the global consensus that we achieved last spring in the United Nations General Assembly on principles for the use of artificial intelligence.

We’re going into a General Assembly this year with the world facing many steep challenges, problems so big no one country can solve them on their own, but that’s why the President feels so strongly the world needs strong and effective global institutions, including an adapted United Nations. This is his vision of countries working together. It has been a theme of his presidency and an important part of his legacy.

Let me just briefly note the President’s key engagements, and then I’ll turn over to my colleague to discuss the major event that he’s hosting on the Global Coalition to Address Synthetic Drug Threats.

On Tuesday morning, tomorrow, he will deliver and address to the U.N. General Assembly. It will have many of the themes that I’ve mentioned here and talk about — again, some of the achievements of his approach to the United Nations and global cooperation.

The President will also meet tomorrow with U.N. Secretary-General Guterres to talk about how the United States and the United Nations are working together to advance peace, safeguard human rights, and help countries develop.

On Tuesday afternoon, the President will host a summit of the Global Coalition to Address Synthetic Drug Threats, and I’ll turn over to my colleague in a second to talk about that.

The President is also giving a major address later that afternoon on the urgent need to combat climate change.

On Wednesday, the President will meet with the President of Vietnam, To Lam. The President of Vietnam just came into office four months ago, and this meeting will be an important opportunity for the two leaders to talk about our shared interest in stability and prosperity in Southeast Asia.

The President will also attend, that afternoon, a meeting focused on Ukraine reconstruction with other world leaders.

And then on Wednesday evening, at the Met, the President will host world leaders and senior U.N. officials for a reception.

This is just a small slice of all the diplomacy and business that we’re doing here at the U.N. General Assembly. There’ll be high-level meetings on the future of multilateral cooperation, sea level rise, antimicrobial resistance. Really, every big, major challenge will be addressed here, and we’ll have senior U.S. representatives at all of these main events on issues such as the impact of emerging technology and specific meetings on global crises such as the difficult situation in Haiti, Sudan, Venezuela, Ukraine, Syria, and the Rohingya refugee crisis.

Other U.S.-hosted and U.S.-attended side events will focus on climate; scaling clean energy for Africa; a major core group meeting of countries committed to LGBTQ rights that was attended by the First Lady; and partnering for a lead-free future.

So, again, this is just a small slice of everything that is going on, plus the countless private sector and civil society events focusing on the great challenges of the 21st century.

So, as I mentioned, we’re going to use this high-level week, the President’s last U.N. General Assembly, to get as much done for the American people in the coming days.

I’d like to now turn over to my colleague who will discuss the President’s summit on the Global Coalition to Address Synthetic Drug Threats.

SENIOR ADMINISTRATION OFFICIAL: Great. Thanks so much, and thanks to all of you for joining this call.

I wanted to share with you the exciting news that, on Tuesday, President Biden will, as [senior administration official] already said, host a summit of the Global Coalition to Address Synthetic Drug Threats. This is a coalition that President Biden launched in June 2023 to mobilize international action to tackle the synthetic drug crisis.

In just over one year, this global coalition has grown to include 158 countries and 15 international organizations working together to prevent the illicit manufacture and trafficking of synthetic drugs, to detect emerging drug threats, and to promote effective public health interventions.

With the summit as a motivating force, we now have 11 core coalition countries that will be joining the President tomorrow, and they will be announcing new initiatives that will continue to advance the work of the coalition, including work to prevent, detect, and disrupt the supply chain of synthetic drugs.

It’s important to emphasize that these international efforts complement intensive work that’s already been done and is being done domestically, including an increased focus on coordinated disruption of drug trafficking networks and concerted efforts to make the opioid overdose reversal medication, naloxone, widely available over the counter.

These are just some of a wide array of actions that the Biden-Harris administration has taken to tackle the synthetic drug threats.

And as a result of these efforts, we’re starting to see the largest drop in overdose deaths in recorded history. When President Biden and Vice President Harris came into office, the number of drug overdose deaths was increasing by more than 30 percent year over year. Now we have the latest provisional data released from the Centers for Disease Control, National Center for Health Statistics, showing an unprecedented decline in overdose deaths of roughly 10 percent from April 2023 to April 2024.

But there’s a lot more to be done, and the Global Coalition’s work recognizes that we need a global solution to a global problem.

We are thrilled that we have so many countries coming together tomorrow to celebrate the work of the coalition, and we also will be announcing a new pledge that all of the core coalition members will be announcing — will be signing on to tomorrow, and we will be working over the coming months to ensure that all coalition members sign on to this pledge.

And we truly think that this is a reflection of President Biden’s commitment to work both domestically and globally on the most important challenges that we face, recognizing that we need both domestic action and global action working together.

And with that, I’ll turn it back to [senior administration official].

SENIOR ADMINISTRATION OFFICIAL: Thanks, Michael. I’ll turn it back to you.

MODERATOR: All right. Thank you, [senior administration officials]. All right, with that, we will take some questions.

The first question is going to go to Zeke Miller. You should be able to unmute yourself.

Q    Thanks so much for doing this. You mentioned this is the President’s last U.N. of his presidency. He’s going to deliver remarks to the General Assembly tomorrow. Can you give us a preview, potentially, of what his message will be? And will it be different from his prior remarks, in the sense — you know, obviously, world events have changed, but, you know, with an eye towards his legacy? Or is there some message he’s trying to give on the world stage before he leaves office in January? Thank you.

SENIOR ADMINISTRATION OFFICIAL: You know, the themes I — thanks, Zeke. The themes I previewed at the beginning will be really central to the President. So, again, he came into office four years ago with a vision of America returning to the world stage, having a new way of interacting with other countries, bringing countries together to solve some of these big challenges. This will be a good opportunity for him to look at the results that have been achieved.

We live in a world with many problems, with many divisions, but we have a story to tell about what we’ve done to rally the world to defend Ukraine’s sovereignty, uphold principles of the U.N. Charter; what we’ve done to manage responsibly our competition with other countries including China; and also what we’re doing to deal with the ongoing and serious conflicts in our world in places like Gaza, where the President has worked tirelessly to get a hostage ceasefire deal, and conflicts like Sudan, where you have absolutely unprecedented displacement and a really serious crisis that we think needs to get more attention.

So I think that will be the frame, and I’ll leave the details for the President’s speech tomorrow.

MODERATOR: Great. Thank you very much. Our next question is going to go to Asma Khalid. You should be able to unmute yourself.

Q    Yes. Hi. Thanks for doing this. Similarly, sort of on the speech, could I get a sort of broad, I guess, framework or tone that you all are thinking about? I know you say that the President came into office talking about building international coalitions, wanting to rebuild the United States stature on the world, but this is a really different moment than when the President even gave the speech last year, before October 7th. He is now leaving office, and there are multiple sort of intractable problems right now in the world. And can you just kind of give us any sense of tone in how the President is thinking about that and the very limited time he has left to solve them?

SENIOR ADMINISTRATION OFFICIAL: Thanks, Asma. Look, I think it’s a good question. The world has changed. The world has gotten more difficult in many ways, as you noted.

But, you know, as I said, the President came into office with a vision of how countries need to work together, how they need to work through institutions, how they need to partner to solve big global challenges. And the fact that we do have these challenges, the fact that we do have Gaza, the fact that we do have Ukraine and Sudan, still serious issues in our world, just underscores the need for that kind of cooperation. And I think you’ll hear that in his speech.

Yes, he’ll talk about the significant accomplishments, achievements of his approach, but also talk about how we need the spirit, we need to continue working together to solve these big challenges, whether it is the wars you mentioned or other challenges such as the climate crisis or managing the implications of some of the new technologies.

So I think this will be an important moment to say: Where do we go and what are the principles in which we’re going to solve these problems? Thanks.

MODERATOR: Thank you very much. Our next question is going to go to Paris Huang. You should be able to unmute yourself.

Q    All right. Hi. Thank you, Michael. Thank you, [senior administration official]. Two-parts question. So, kind of follow up on the questions from Zeke and Asma. So, of course, we know China and Russia have been heavily influencing the U.N. for years. You know, we see all those voting records. And President Biden have been doing a lot of reform during the four years. Does he believe that those changes will sustain after he leaves the White House?

And second question: In last year’s UNGA remarks, President Biden talked about the peace and stability of Taiwan Strait, which was the first time a U.S. president actually talked about Taiwan at the UNGA. So, will he include Taiwan again in his remarks this year? Thank you.

SENIOR ADMINISTRATION OFFICIAL: Thanks. And I appreciate the question. I think it’s a good question in terms of, you know, have we left the United Nations as an institution better off. I think we do have results, and the President will talk about that. You know, it’s a time of great divisions, and the U.N. has already been — has always been a reflection of the world as it is.

That said, when you look at what we’ve done, including through the United Nations, to, for example, rally the world to defend the U.N. Charter after the Ukrainian invasion, we secured a U.N. General Assembly resolution in which 141 countries stood up and said, “We condemn this, and we stand in favor of the U.N. Charter.”

You’ve also seen a more progressive and forward-leaning position on institutional reform. For example, two years ago, the President announced a shift and a more forward-leaning position in reforming and expanding the United Nations Security Council. And that’s definitely a piece of this well as well.

I won’t get into the details on, you know, specifically what he’ll mention on individual issues, but I will say that an important part of the President’s legacy has been thinking about how we responsibly manage our competition with China, and that includes many facets, economic security, and those will be addressed in the speech.

MODERATOR: Thank you very much. Our next question is going to go to Sheryl Gay Stolberg. You should be able to unmute yourself, Sheryl.

Q    Hi. Thank you for doing this call. You know, this is not a political speech, but it does occur in the context of an election in which one of the candidates has an isolationist vision that is far apart, diametrically opposed to that of the President. And I’m wondering, to what extent can the President use this speech to ensure that his own vision of global alliances survives? Is he concerned that that vision will unravel?

And will this speech be in any way directed to the American people, as much as to world leaders, as a reminder of the importance of America’s place in the world?

SENIOR ADMINISTRATION OFFICIAL: Look, as you said, this is not a political speech, but the President, again, he has a vision. He came into a vision — into office. That vision has produced results. And there are many opponents and critics of that vision, not just internationally but at home. It has been the President’s view that he needs to explain why this vision of working together with countries to solve these big challenges actually produces results, and that’s actually how we’re going to be measured.

And when I say “produces results,” that means internationally, in terms of ending war, in terms of tackling challenges like sustainable development, the debt crisis, climate, but it also means that he needs to explain how his vision has produced results for the American people. And that’s where I think there’s a very strong record, and some of it is very, very tangible.

For example, the summit on the coalition on synthetic drugs, that is him bringing together countries, all of whom share a challenge — dealing with synthetic drugs — but convening them here, talking about deliverables, talking about how we’re going to work together. And this is something that directly affects the situation of the American public, as my colleague briefed earlier, in terms of the overall record on issues like fentanyl.

So I think he’ll lay that out tomorrow, and I think it will stand as representing that vision and what it’s achieved.

MODERATOR: Thank you very much. We will go to Danny Kemp. You should be able to unmute yourself.

Q    Thanks very much for doing this. I just wanted to ask about the current situation in the Middle East. I mean, you know, the speech tomorrow is really going to be a bit overshadowed by the events in Lebanon, where we’ve seen nearly 500 people killed in the space of a day. How’s he going to address that? And more particularly, how will the President be seeking to — will he be talking to other leaders about that? What’s he actually going to be doing at the UNGA more generally to try and get this thing sorted out? Thanks.

SENIOR ADMINISTRATION OFFICIAL: This is one of the advantages of the U.N. General Assembly: You literally have the whole world here. So when you do have crises of the day, they’ll be addressed. And I have no doubt that the situation in the Middle East will be an important theme in a lot of the meetings, not just that the President has, but other senior U.S. officials who will be convening to talk about various aspects of the crisis and what we can do to stabilize the situation.

He will address the Middle East, especially this very, very difficult year that we have all gone through. And again, I think it’s an opportunity to talk about what we have achieved and what we still need to do, given a situation that is just heartbreaking where hostages have not been returned, the humanitarian situation in Gaza, and, as you know, just such a sensitive issue, such a delicate and dangerous situation between Israel and Lebanon right now.

Thanks.

MODERATOR: Thank you very much. And unfortunately, that is all the time we have today. Thank you all for joining this call. Thank you to our speakers. And feel free to follow up with our team at the NSC press team with any questions.

And again, this call is under embargo until 5:00 a.m. tomorrow. Thank you all again, and hope you have a great rest of your evening.

5:53 P.M. EDT

MIL OSI USA News –

September 29, 2024
MIL-OSI Asia-Pac: NDRC’s Department of Foreign Capital and Overseas Investment and HKMA jointly hold seminar on “Supporting Mainland enterprises’ cross-border financing in Hong Kong” (with photos)

Source: Hong Kong Government special administrative region

NDRC’s Department of Foreign Capital and Overseas Investment and HKMA jointly hold seminar on “Supporting Mainland enterprises’ cross-border financing in Hong Kong” (with photos)
NDRC’s Department of Foreign Capital and Overseas Investment and HKMA jointly hold seminar on “Supporting Mainland enterprises’ cross-border financing in Hong Kong” (with photos)
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The following is issued on behalf of the Hong Kong Monetary Authority: The National Development and Reform Commission (NDRC)’s Department of Foreign Capital and Overseas Investment and the Hong Kong Monetary Authority (HKMA) jointly held a seminar in Hong Kong on “Supporting Mainland enterprises’ cross-border financing in Hong Kong” today (September 24). The Director-General of the NDRC’s Department of Foreign Capital and Overseas Investment, Mr Zheng Chiping, addressed the seminar in person. The NDRC delegation delivered a policy briefing on supporting the issuance of offshore debt by Mainland enterprises. Hong Kong has been a premier offshore financing platform for Mainland enterprises. In October 2023, the NDRC and the HKMA signed a Memorandum of Understanding (MoU) to further support cross-border financing by Mainland enterprises in Hong Kong and to promote the diversified development of the offshore bond market. Today’s seminar is the first promotional event jointly organised pursuant to the MoU, with a view to enhancing the understanding of the relevant policies and requirements regarding offshore debt among market participants, and encouraging them to leverage Hong Kong’s platform for cross-border financing. The seminar comprised a policy briefing session and a roundtable discussion session, with a total of about 200 participants from Mainland enterprises, industry associations, financial institutions and law firms, etc, in attendance. Mr Zheng and the Chief Executive of the HKMA, Mr Eddie Yue, addressed the policy briefing session. The NDRC delegation delivered a policy briefing on Mainland firms’ borrowing of medium to long-term foreign debt. In the closed-door roundtable discussion session, the NDRC delegation had an in-depth exchange with industry representatives from around 30 organisations on the latest developments and policies in connection with the offshore debt market. Mr Zheng said, “As an important international financial centre and the world’s leading offshore Renminbi centre, Hong Kong serves not only as the nexus connecting the Mainland and international capital markets, but also the premier platform for the Mainland’s ‘attracting foreign investment’ and ‘going global’ strategy. The NDRC encourages more Mainland enterprises to leverage Hong Kong’s international financial platform to conduct cross-border financing activities, broaden financing channels, enrich financing tools, and optimise financing structures. We welcome continued support and facilitation provided by Hong Kong authorities for Mainland enterprises’ debt issuance in Hong Kong, with a view to collectively fostering a more open, transparent and efficient financing environment. We also welcome the active participation by the global investors and various market institutions to realise mutual benefits and join hands in development. The NDRC will also continue to enhance supervision and services, and create synergy through supervisory co-operation with the HKMA, in concertedly supporting and promoting the steady, long-term development of the Hong Kong’s bond market.” Mr Yue said, “The HKMA would like to thank the NDRC for the significance it attaches to Hong Kong’s role as a cross-border financing hub for Mainland enterprises, and to Mr Zheng for leading the NDRC delegation to Hong Kong for this policy briefing to the industry. The seminar was well received by the industry, and has deepened the understanding of the relevant Central Government policies, which is conducive to better supporting Mainland enterprises’ cross-border financing activities in Hong Kong and contributing to the internationalisation of Renminbi and the region’s green and low-carbon transition. Building on this successful foundation, we look forward to deepening our sustained co-operation with the NDRC and fostering the contribution of Hong Kong’s financial services to the Mainland’s high-quality development of the real economy and high-standard opening up.”

Ends/Tuesday, September 24, 2024Issued at HKT 16:51

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MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: SEE attends Hong Kong-Shenzhen Joint Working Group on Environmental Protection (with photo)

Source: Hong Kong Government special administrative region

     The Secretary for Environment and Ecology, Mr Tse Chin-wan, today (September 24) led a delegation to Shenzhen to attend the Hong Kong-Shenzhen Joint Working Group on Environmental Protection meeting. Also attending the meeting were the Permanent Secretary for Environment and Ecology (Environment), Miss Janice Tse; the Director of Environmental Protection, Dr Samuel Chui; and representatives from the Environment and Ecology Bureau, the Environmental Protection Department and the Agriculture, Fisheries and Conservation Department.

     Various collaboration issues were discussed in the meeting, including landfill management, marine pollution prevention and control, and cross-border transportation using new energy. Both sides reported on the progress of various work items and exchanged views at the meeting. For example, the Hong Kong Special Administrative Region Government has completed a freezing survey of the number and locations of oyster rafts in Deep Bay, and will continue to maintain close communication with Shenzhen regarding the management of the oyster rafts. As for the North East New Territories Landfill, Hong Kong has implemented a series of improvement measures and will continue to collaborate with Shenzhen to further enhance the odour control at the Landfill.

     Mr Tse said, “I look forward to continuing to strengthen communication and co-operation with Shenzhen on ecological and environmental protection through the Joint Working Group, which is a highly meaningful platform, so as to enhance the work on environmental protection and ecology, and to make proactive contributions to our country’s ecological civilisation and building a beautiful China.”

     Mr Tse will return to Hong Kong this evening.

MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected dangerous drugs worth about $5.6 million (with photo)

Source: Hong Kong Government special administrative region

Hong Kong Customs seizes suspected dangerous drugs worth about $5.6 million (with photo)
Hong Kong Customs seizes suspected dangerous drugs worth about $5.6 million (with photo)
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Hong Kong Customs yesterday (September 23) seized about 4 kilograms of suspected cocaine and 2.5kg of suspected crack cocaine, with a total estimated market value of about $5.6 million in Kwai Chung. A 34-year-old man suspected to be connected with the case was arrested. Through intelligence analysis and after an in-depth investigation, Customs targeted the man who was suspected of controlling a drug storage centre at Lai King Hill Road, Kwai Chung, and arrested him in Tsuen Wan yesterday afternoon. Customs officers then escorted the man to a residential flat in Kwai Chung for a search and found the batch of suspected dangerous drugs and a batch of drug packaging paraphernalia therein. The arrested man, who claimed to be a maintenance workman, has been charged with one count of trafficking in a dangerous drug. He will appear at the West Kowloon Magistrates’ Courts tomorrow (September 25). Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment. Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Ends/Tuesday, September 24, 2024Issued at HKT 16:55

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MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: Visit to the United States: Third Day (2)[The Prime Minister in action]

Source: Government of Japan – Prime Minister

Japan-Ukraine Summit Meeting (1)

Japan-Ukraine Summit Meeting (2)

Japan-Ukraine Summit Meeting (3)

Meeting with NATO Secretary General Stoltenberg (1)

Meeting with NATO Secretary General Stoltenberg (2)

Meeting with NATO Secretary General Stoltenberg (3)

Meeting with NATO Secretary General Stoltenberg (4)

Prime Minister Kishida attending the High-Level Launch Meeting of the Friends of a Fissile Material Cut-off Treaty (FMCT) (1)

Prime Minister Kishida attending the High-Level Launch Meeting of the Friends of a Fissile Material Cut-off Treaty (FMCT) (2)

Prime Minister Kishida attending the High-Level Launch Meeting of the Friends of a Fissile Material Cut-off Treaty (FMCT) (3)

Prime Minister Kishida attending the High-Level Launch Meeting of the Friends of a Fissile Material Cut-off Treaty (FMCT) (4)

Prime Minister Kishida attending the High-Level Launch Meeting of the Friends of a Fissile Material Cut-off Treaty (FMCT) (5)

Prime Minister Kishida attending the U.S.-Japan tourism event (1)

Prime Minister Kishida attending the U.S.-Japan tourism event (2)

Prime Minister Kishida attending the U.S.-Japan tourism event (3)

Prime Minister Kishida attending the U.S.-Japan tourism event (4)

Prime Minister Kishida attending the U.S.-Japan tourism event (5)

Prime Minister Kishida attending the U.S.-Japan tourism event (6)

Prime Minister Kishida attending the U.S.-Japan tourism event (7)

Prime Minister Kishida attending the U.S.-Japan tourism event (8)

Prime Minister Kishida attending the U.S.-Japan tourism event (9)

Prime Minister Kishida attending the U.S.-Japan tourism event (10)

MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: Hong Kong Customs applies “communication right” under Copyright Ordinance for first time to combat case of illegal streaming of live football matches (with photo)

Source: Hong Kong Government special administrative region

Hong Kong Customs applies “communication right” under Copyright Ordinance for first time to combat case of illegal streaming of live football matches (with photo)
Hong Kong Customs applies “communication right” under Copyright Ordinance for first time to combat case of illegal streaming of live football matches (with photo)
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Hong Kong Customs conducted an enforcement operation on September 22 to combat infringement activities that utilise illegal streaming technology to communicate live football matches to the public. During the operation, Customs seized a pay-TV channel television decoder, a suspected illegal streaming computer server, a mobile phone used for a remote server operation and an assortment of electronic equipment and audio-visual devices, with a total estimated market value of about $20,000. This is the first time since the implementation of the Copyright (Amendment) Ordinance 2022 for Customs to apply the “communication right” to combat a case involving illegal streaming devices used for broadcasting live football matches. Customs earlier received information from a copyright owner alleging that someone had set up a web page to distribute copyright-protected pay-TV channels through streaming technology without the authorisation of the copyright owner. After an in-depth investigation, and with the assistance of the copyright owner, Customs officers took enforcement action during the live broadcast of overseas football matches and made use of computer forensic programmes to conduct real-time monitoring over related suspected illegal activities. At the same time, Customs officers raided a residential unit in Lok Fu and seized a suspected illegal streaming server and assorted electronic equipment. Officers from the department’s Computer Forensic Laboratory were also summoned to the scene to render support and preserve relevant digital evidence from the streaming server concerned. During the operation, two men, aged 69 and 43, were arrested. They were released on bail pending further investigation. The investigation is ongoing. Customs reminds the public not to engage in unauthorised activities involving the dissemination of copyrighted works. Members of public should also respect intellectual property rights and refrain from watching infringing movie/TV works or pay-TV channels through any form of illegal streaming. Applications or streaming links related to illegal streaming may contain computer viruses or malicious programmes which can pose potential risks to users. According to the Copyright Ordinance, it is illegal for anyone, without the authorisation of the copyright owner, to engage in any trade or business that involves communicating works to the public for profit or reward, or in the course of such trade or business, to communicate copyrighted works to the public; or to communicate copyrighted works to the public to an extent that damages the rights of the copyright owner. Upon conviction, the maximum penalty is imprisonment for four years and a fine of $50,000 for each copyrighted work. Members of the public may report any suspected infringement activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

Ends/Tuesday, September 24, 2024Issued at HKT 17:40

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MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI Asia-Pac: Speech by CE at BritCham Hong Kong Summit 2024 (English only)

Source: Hong Kong Government special administrative region

Speech by CE at BritCham Hong Kong Summit 2024 (English only)
Speech by CE at BritCham Hong Kong Summit 2024 (English only)
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Following is the speech by the Chief Executive, Mr John Lee, at Britcham Hong Kong Summit 2024 today (September 24): Mr Jeremy Sheldon (Chair of the British Chamber of Commerce in Hong Kong), Mr Paul McComb (Executive Director of the British Chamber of Commerce in Hong Kong), Deputy Consul-General Sarah Robinson (Deputy Consul-General of the United Kingdom to Hong Kong), distinguished guests, ladies and gentlemen, Good afternoon to you all. I am delighted to be here, today, for the fourth annual BritCham Hong Kong Summit. And what a day it’s been, with Commissioner Cui Jianchun opening the Summit and five smartly considered panel discussions, each centred on Hong Kong opportunity – long-term, far-reaching opportunities powered by innovation, sustainability, and more. Panel One’s theme certainly caught my attention, with its focus, and I quote, “Business Leaders Perspective on Hong Kong as a Global Powerhouse City”. Yes, ladies and gentlemen, Hong Kong indeed endeavours to become a global powerhouse city. With its energy, entrepreneurship and connectivity. More than an ambition, it is a goal and collective commitment that the Hong Kong SAR Government is working, tirelessly, to realise. With welcome assistance, let me add, from organisations such as the British Chamber of Commerce in Hong Kong, and its membership of some 1 000 professionals from about 350 companies. Each and every one of you as committed as us in building a flourishing future for all, right here in Hong Kong. At last count, over 640 UK companies call Hong Kong home. And it’s reassuring to tell you that Hong Kong and UK companies like to do business together. Last year, our bilateral merchandise trade was up a whopping 19 per cent, year on year, and reached nearly HK$130 billion. Yes, Hong Kong has all along been a key export market for the UK. In the decade between 2014 and 2023, the value of UK exports to Hong Kong grew nearly 100 per cent, to GBP15.7 billion. Our trade in services are just as vibrant. In 2022, the UK was Hong Kong’s third-largest services trading partner. And, of course, we like to invest in each other’s economies and companies. In 2021, Hong Kong was the sixth-most popular destination for foreign direct investment from the UK, with a total value of GBP77.6 billion. That accounted for 4.4 per cent of the UK’s total outward FDI stock. Hong Kong, in 2021, was the second-largest Asian investor in the UK, with FDI stock worth GBP16.3 billion. Hong Kong’s selling card, our great and enduring strength over the years, is our openness to trade and business, our eagerness to connect – with the UK and a world of companies and economies. “One country, two systems” makes it happen. This unique principle allows Hong Kong to enjoy the wealth of opportunities our country presents, while taking full advantage of our dominant role as the multilevel bridge between the Mainland and the rest of the world. It ensures that Hong Kong’s robust rule of law, as well as our continuous practice of the common law system, one that resembles that of the UK and many major global financial centres. It also helps to maintain our simple and low tax regime, world-class infrastructure, and international connectivity. That’s probably why in the latest World Competitiveness Yearbook, published by the International Institute for Management Development, Hong Kong ranked fifth globally. We came first in the world in “international trade” and “business legislation”, and was also among the global top five in “tax policy”, “international investment”, “basic infrastructure”, “finance” and “education”. As a global powerhouse city, Hong Kong will never stop expanding its business and trade networks. These include our well-established partners among developed economies, as well as new and budding ones. The 10 Member States of ASEAN – the Association of Southeast Asian Nations – is one of our pre-eminent partners. For more than a decade now, ASEAN has been our second-largest merchandise trade entity. Investment between us is also buoyant. Indeed, Hong Kong is ASEAN’s fourth-largest source of inward direct investment. It helps, of course, that the free trade agreement and investment agreement between us has been in full force now for three years. It helps, too, that I have been to seven ASEAN countries since I assumed office just over two years ago. My latest visit, in July, to Laos, Cambodia and Vietnam, resulted in 55 MOUs and related agreements. They will expand our co-operation in trade and investment, as well as finance, technology, logistics and a good many other areas, too. Our ties with the Middle East have also burgeoned following my visit to the region in February last year. This past week, Saudi Arabia gave its approval for the first exchange-traded fund, or ETF, investing in Hong Kong equities to be listed on its stock exchange. That’s an encouraging development for investors, too. Last November, HKEX, and investors, welcomed the listing of Asia-Pacific’s first ETF to track Saudi Arabian equities, allowing local and global investors to invest in the Saudi stock market through Hong Kong. This mutually rewarding co-operation is a boost for Hong Kong’s ETF market and the global connectivity of our financial services sector. We look, too, to other cities in the Guangdong-Hong Kong-Macao Greater Bay Area for connectivity, for long-term opportunity powered by innovation and technology. I’m sure you’ve heard as much at the panel discussion just now. The Greater Bay Area, as you will be well aware, brings together Hong Kong, Macao and nine cities in Guangdong province. It counts a population of over 86 million people. Its GDP amounted to nearly US$2 trillion last year, rivalling the world’s 10th largest economy. More than an enormous consumer market, the Greater Bay Area is fast becoming an innovation and technology hub. This year’s Global Innovation Index ranked the Shenzhen-Hong Kong-Guangzhou cluster second in the world, for the fifth year in a row. That only underlines the huge potential for I&T development in the Greater Bay Area – and in Hong Kong, China’s most international city as you all know. Hong Kong is the only Asian city that has as many as five universities in the world’s top 100, and boast world-class capabilities in research, a robust intellectual property rights protection system, and an established international business environment. Hong Kong has what it takes to play a pivotal role in the region’s rise as an I&T hub. The Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop, situated right next to our boundary with Shenzhen, is central to that future. This Hong Kong Park, of 87 hectares in area, together with a 300-hectare Shenzhen Park, will form the Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone. It straddles our geographical boundary with the Mainland and will propel the region’s I&T growth. The Hong Kong Park’s first three buildings, I’m pleased to say, are expected to complete, gradually, from the end of this year. The Park’s first phase, a total floor area of up to one million square metres, will focus on a number of I&T areas, including life and health technology, AI, advanced manufacturing and industry, academic and research sectors. That, of course, will demand technology specialists. A continuing flow of strategic talent of every kind, at every level. We’re working on that, too. And, according to the International Institute for M
anagement Development and its 2024 World Talent Ranking, we’re well on our way. In the latest World Talent Ranking, published just last week, Hong Kong’s ranking rose to ninth, overall – up considerably from 16th last year. That’s also the first time we were back to the ranking’s top 10 since 2016. And I’m delighted to say that Hong Kong topped the ranking in the percentage of graduates in sciences. We’re making notable progress, too, in enticing talent to turn to Hong Kong for their future. As at the end of last month, we have received more than 360 000 applications under our various enhanced talent admission programmes, launched in the end of 2022. Nearly 230 000 applications have been approved, and more than 150 000 professionals have already arrived in Hong Kong, many with their families. The schemes are popular among our friends from the UK, I’m glad to add. Some 4 100 of these approved applicants are UK nationals. That’s a blessing. For our new Top Talent Pass Scheme, which targets graduates from the world’s best universities and high-income earners, about 7 per cent of the admitted top graduates are from British universities. And our Working Holiday Scheme with the UK, which celebrates its 10th anniversary this year, has also strengthened our youth ties. At last count, nearly 11 000 young people from Hong Kong and the UK have been granted visas to work, while holidaying, in each other’s places over the past decade. More than our people-to-people bond, the young and talented professionals joining Hong Kong will boost our labour force. Good news for the economy. For business. For you as well. Getting, and keeping, talent is, of course, a work in progress, as is the Hong Kong economy. I’ll have more to say on that, and much more, next month, in my annual Policy Address. And my thanks to BritCham for its Policy Address submission, which I received in early August. I am grateful for your considered thoughts on how Hong Kong can boost its standing as an international trade and finance centre, how we can build our technology and innovation capabilities, take our place as an international talent hub and a good deal more. I look forward to your continuing co-operation – the excellent work your Chamber is doing for our economy and our community. On our community, I understand a cheering section from the Chamber will be in London for the upcoming Hong Kong Dinner. This annual gathering is one of the many deep-rooted traditions that have long defined, and distinguished, the abiding ties between our two economies and peoples. Ladies and gentlemen, I wish you the best of business, health and happiness in the coming year. And, for those of you flying off to London this week, I wish you a memorable Hong Kong Dinner, brimful of the good stories of Hong Kong, a global powerhouse city. Thank you.

Ends/Tuesday, September 24, 2024Issued at HKT 17:36

NNNN

MIL OSI Asia Pacific News –

September 29, 2024
MIL-OSI: Equifax Canada Reports Rise in Automotive Fraud
Source: GlobeNewswire (MIL-OSI)

– Automotive Fraud Driven by ID Theft and Falsified Credit Applications a Significant Area of Concern for Businesses and Consumers –

TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) — Equifax Canada reports that while application fraud is down in some areas, automotive lenders are seeing a surge in fraud. According to new data from Equifax Canada, automotive fraud is up by 54 per cent year-over-year and is largely driven by falsified credit applications and the continued prevalence in identity theft. Ontario has experienced the most significant increase in auto fraud rates, doubling since Q2 2023.

In addition, first party fraud (fraud in which the borrower knowingly uses their own personal information to commit fraud) continues to be the most prevalent type of misrepresentation in automotive. “Automotive fraud is a significant pain point for both businesses and consumers,” said Carl Davies, Head of Fraud and Identity at Equifax Canada. “Consumers choosing to falsify their income, employment, and financial information to secure credit are a growing concern for lenders. This deceit may provide short-term financial gains for the consumer, but certainly can lead to long-term consequences such as loan denials, damaged credit, and legal ramifications.”

Synthetic Identity Fraud
Overall, the proportion of identity theft in credit applications continues to grow with 48.3 per cent of all fraud applications flagged as identity fraud in Q2 2024, up from 42.9 per cent in Q2 2023, according to data from Equifax Canada. While the proportion of true identity fraud remained the same at 39.4 per cent, there has been a rise in synthetic identity fraud, where criminals combine real and fake data to create new identities. The incidence of synthetic identity fraud rose from 2.8 per cent in Q2 2023 to eight per cent in Q2 2024.

“The rise in true identity fraud along with synthetic identity fraud, underscores the need for enhanced fraud detection across digital platforms where these crimes are increasingly being perpetrated,” added Davies. “The increase in digital transactions has made it easier for fraudsters to exploit weaknesses in current fraud prevention measures.”

Other Notable Trends:
- Identity Fraud: Older consumers with high credit scores are increasingly being targeted. Forty per cent of third-party identity fraud cases involved victims with credit scores above 800 (which is considered excellent), and 76 per cent of these consumers had no prior delinquency on their credit files.
- Mortgage Fraud: Across Canada, mortgage fraud rates have dropped by 16.3 per cent year-over-year. Alberta is the one exception with mortgage fraud on the rise, often involving falsified income and employment documentation.
- Deposit Fraud: Deposit fraud, which occurs when fraudulent transactions or payments are made to recently opened accounts, has also experienced a sharp increase, growing from 27.4 per cent of first-party fraud in Q2 2023 to 41.2 per cent in Q2 2024, much of which was driven by the telco industry.
As fraudsters adapt and refine their tactics, it’s important for businesses and consumers to stay vigilant by using ID theft protection tools that can detect fraud early through timely alerts on credit report changes. Effective fraud prevention includes verifying identities, cross-checking financial documents, and staying informed about regional fraud trends—key measures that can help mitigate the growing threat of fraud for Canadian consumers and businesses alike.

For more information on fraud prevention, visit Equifax Canada’s website and the Canadian Anti-Fraud Centre.

About Equifax
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

Contact:

Andrew Findlater
SELECT Public Relations
afindlater@selectpr.ca
(647) 444-1197

Angie Andich
Equifax Canada Media Relations
MediaRelationsCanada@equifax.com

The MIL Network –
September 29, 2024
MIL-OSI: ISDNP Enters Strategic Partnership with Vietnam’s Red River Group through MOU

Source: GlobeNewswire (MIL-OSI)

SEOUL, KOREA, Sept. 24, 2024 (GLOBE NEWSWIRE) — ISDNP (https://isdnp.co.kr/), in partnership with JournalInNews, has taken a significant step towards entering the Vietnamese market by forging an alliance with a prominent local enterprise. On the 19th, the two companies jointly announced, the signing of a Memorandum of Understanding (MOU) on the 17th with Vietnam’s Red River Group to formalize their strategic collaboration.

This agreement follows a high-level meeting on the 16th at Red River’s headquarters in Hanoi, Vietnam, between Insoo Park, the Chairman of JournalInNews, and LE CONG HOANG, Chairman of the Red River Group, during which both parties discussed the framework for a strategic partnership.

The MOU outlines key areas of cooperation, including the introduction of ISDNP’s pedestrian signal voice guidance system in Vietnam and the promotion of JournalInNews’s JsetCoin within the Vietnamese business landscape. Both companies are poised to jointly deploy ISDNP’s pedestrian signal system nationwide, leveraging Red River Group’s extensive network and resources.

Red River Group is a prominent, diversified conglomerate in Vietnam, with business interests spanning petroleum distribution, tourist vehicle rentals, smart parking solutions, automotive management centers, and emergency response infrastructure. Notably, its traffic rescue centers, which provide critical emergency assistance, are recognized as essential contributors to Vietnam’s transport and safety sectors.

Through this partnership, both parties anticipate enhancing bilateral economic, social, and cultural exchanges while delivering substantive outcomes. ISDNP has committed to supplying the requisite technical expertise and information necessary for the successful deployment of the pedestrian signal voice guidance system, while Red River Group has pledged comprehensive support to ensure the project’s smooth execution.

Additionally, JournalInNews has designated Red River Group as its strategic partner to facilitate the expansion of JsetCoin within the Vietnamese market. Both parties are exploring various collaborative avenues, including the potential establishment of a local subsidiary, aimed at fostering a synergistic partnership and ensuring the efficient exchange of essential information.

This MOU is expected to strengthen economic ties between the two countries and serve as a catalyst for sustained growth. Both parties have committed to maintaining close cooperation to ensure the successful realization of the agreement’s objectives.

Media contact

Brand: ISDNP

Contact: Media team

Email: support@isdnp.co.kr

Website: https://isdnp.co.kr/

SOURCE: ISDNP

The MIL Network –

September 29, 2024
MIL-OSI Economics: New White Paper on Experience Monetization with Intelligent Core Network

Source: Huawei

Headline: New White Paper on Experience Monetization with Intelligent Core Network

[Dubai, the United Arab Emirates, September 10, 2024] GlobalData, a renowned consulting firm, has just released a thought-provoking white paper titled Intelligent Core Network: Starting a New Chapter in Experience Monetization, in collaboration with Huawei and a global coalition of leading operators including AIS in Thailand, Cell C in South Africa, China Mobile, du in the UAE, the e& group, and Turkcell in Türkiye. This insightful report sheds light on the challenges operators face under traditional traffic monetization models and makes a compelling case for harnessing intelligence technologies to deliver tailored experiences that cater to users’ diverse needs. It can be used as a roadmap for transforming operators’ business models from traffic-based to experience-driven, so as to unlock new avenues for growth.
White paper release ceremony

The widespread adoption of traditional traffic-based operation models has led to a homogenization of services, making it harder than ever for operators to stand out in a crowded market. The rise of OTT players has further intensified competition, leading to declining revenue growth for operators and a pressing need for new growth opportunities. However, as mobile networks continue to evolve at a tremendous rate, traditional network architectures are unable to keep up with the diversification of users’ service requirements. This is where the concept of experience monetization comes in. It is a game-changing idea that enables operators to transform their business models and unlock new revenue streams. By providing personalized and differentiated services, operators can take advantage of their network capabilities to meet users’ diverse needs while also offering tailored pricing models. This innovative approach not only elevates the user experience but also creates new opportunities for revenue growth.
Conventional network operations are often hindered by four key breakpoints: unclear target users and services, inaccurate and untimely experience perception, slow and imprecise strategy optimization, and lack of user awareness of experience assurance. Experience monetization offers a solution to these challenges by leveraging intelligence technologies and the Network Data Analytics Function (NWDAF) to facilitate data analysis and intelligent decision-making. By combining these capabilities, operators can achieve closed-loop management of service awareness, experience optimization, and operations, ultimately leading to better user experiences and improved business outcomes.
Today, forward-thinking operators are actively exploring new experience monetization models to boost their bottom line and stay ahead of the competition. Delving into the best practices of multiple operators in China, Asia Pacific, and the Middle East, the white paper highlights the success of differentiated experience payment models in areas such as video, live streaming, and gaming. These innovative approaches have yielded significant returns. Yet while the industry is witnessing a growing trend in experience monetization, there remains substantial market potential waiting to be tapped.
The release of this white paper provides operators with a roadmap for better navigating the intelligent era and driving their growth forward.
The white paper is available at: https://www.verdict.co.uk/downloads/whitepapers/data/intelligent-5g-core-starting-a-new-chapter-in-experience-monetization/#globaldata-technology

MIL OSI Economics –

September 29, 2024
MIL-OSI Economics: New White Paper on Experience Monetization with Intelligent Core Network Sep 24, 2024

Source: Huawei

Headline: New White Paper on Experience Monetization with Intelligent Core Network
Sep 24, 2024

[Dubai, the United Arab Emirates, September 10, 2024] GlobalData, a renowned consulting firm, has just released a thought-provoking white paper titled Intelligent Core Network: Starting a New Chapter in Experience Monetization, in collaboration with Huawei and a global coalition of leading operators including AIS in Thailand, Cell C in South Africa, China Mobile, du in the UAE, the e& group, and Turkcell in Türkiye. This insightful report sheds light on the challenges operators face under traditional traffic monetization models and makes a compelling case for harnessing intelligence technologies to deliver tailored experiences that cater to users’ diverse needs. It can be used as a roadmap for transforming operators’ business models from traffic-based to experience-driven, so as to unlock new avenues for growth.
White paper release ceremony

The widespread adoption of traditional traffic-based operation models has led to a homogenization of services, making it harder than ever for operators to stand out in a crowded market. The rise of OTT players has further intensified competition, leading to declining revenue growth for operators and a pressing need for new growth opportunities. However, as mobile networks continue to evolve at a tremendous rate, traditional network architectures are unable to keep up with the diversification of users’ service requirements. This is where the concept of experience monetization comes in. It is a game-changing idea that enables operators to transform their business models and unlock new revenue streams. By providing personalized and differentiated services, operators can take advantage of their network capabilities to meet users’ diverse needs while also offering tailored pricing models. This innovative approach not only elevates the user experience but also creates new opportunities for revenue growth.
Conventional network operations are often hindered by four key breakpoints: unclear target users and services, inaccurate and untimely experience perception, slow and imprecise strategy optimization, and lack of user awareness of experience assurance. Experience monetization offers a solution to these challenges by leveraging intelligence technologies and the Network Data Analytics Function (NWDAF) to facilitate data analysis and intelligent decision-making. By combining these capabilities, operators can achieve closed-loop management of service awareness, experience optimization, and operations, ultimately leading to better user experiences and improved business outcomes.
Today, forward-thinking operators are actively exploring new experience monetization models to boost their bottom line and stay ahead of the competition. Delving into the best practices of multiple operators in China, Asia Pacific, and the Middle East, the white paper highlights the success of differentiated experience payment models in areas such as video, live streaming, and gaming. These innovative approaches have yielded significant returns. Yet while the industry is witnessing a growing trend in experience monetization, there remains substantial market potential waiting to be tapped.
The release of this white paper provides operators with a roadmap for better navigating the intelligent era and driving their growth forward.
The white paper is available at: https://www.verdict.co.uk/downloads/whitepapers/data/intelligent-5g-core-starting-a-new-chapter-in-experience-monetization/#globaldata-technology

MIL OSI Economics –

September 29, 2024
MIL-OSI Banking: Web tracking report: who monitored users’ online activities in 2023–2024 the most

Source: Securelist – Kaspersky

Headline: Web tracking report: who monitored users’ online activities in 2023–2024 the most

Web tracking has become a pervasive aspect of our online experience. Whether we’re browsing social media, playing video games, shopping for products, or simply reading news articles, trackers are silently monitoring our online behavior, fueling the ceaseless hum of countless data centers worldwide. In this article, we’re going to explore various types of web trackers and present a detailed annual report that dissects their geographical distribution and organizational affiliations.

What is web tracking?

Web tracking is the practice of collecting, storing, and analyzing data about users’ online behavior. This data can include demographics, website visits, time spent on sites, and interactions like clicks, scrolls, and mouse pointer hovers that can be leveraged for creating heatmaps, etc. The primary goal of web tracking is to gain valuable insights into user behavior, preferences, and interests. This information allows businesses to personalize experiences, improve user engagement, target advertising more efficiently, and measure the performance of their online services.

Types of web tracking

Web tracking can be classified into several categories based on the methods and technologies employed:

Cookies

Cookies are small text files that websites place on a user’s device to store information about their visits, such as login credentials, preferences, and tracking identifiers. Despite a commendable commitment to enhance online privacy, primarily Google’s Privacy Sandbox project, Kaspersky experts anticipate that third-party cookies will persist for long time yet. In fact, even as we were processing the data to write this report, Antonio Chavez, Vice President of Privacy Sandbox, announced an intention to reconsider the plan of third-party cookies deprecation.

Web beacons

Also known as web bugs or tracking pixels, web beacons are transparent images — typically lines or 1×1 pixels — that send a lot of tracking data, usually via a query string. When a user accesses the content, the web beacon sends data back to the server. This allows businesses to track user interactions without requiring additional action from the user.

Social media tracking

Many websites embed social media buttons that help users to share content easily. However, these innocuous buttons often come with tracking capabilities. Even if the user does not engage with the social media site directly, these platforms still collect data on their online behavior.

Web analytics

Services like Google Analytics offer a deep dive into user engagement on websites. These tools track a wide range of metrics, from page views and bounce rates to conversion rates, empowering businesses to understand user behavior and optimize website performance.

Fingerprinting

Device fingerprinting is a tracking technique that identifies users by collecting unique information about their device and browser settings. This includes details like screen resolution, operating system, installed plugins, and browser language. This creates a unique “fingerprint” that can identify the user across different websites, even without cookies.

Statistics collection principles

For this report, we used anonymous statistics collected from July 2023 to June 2024 inclusive, by the Do Not Track (DNT) component, which prevents the loading of tracking elements that track user actions on websites. The statistics consist of anonymized data provided by users voluntarily.

Even the most experienced users often make the mistake to confuse DNT features with the built-in “incognito mode” offered by all leading web browsers. Incognito mode only ensures that all your data like browsing history and cookies is cleared after you close the private window. However, it does not prevent websites from tracking your activities within that session. It also does not make you anonymous to your internet service provider (ISP) or protect you from adware or spyware that might be tracking your online behavior, cryptominers, or worse.

Over the year, the DNT component was triggered 38,725,551,855 times. We have compiled a list of 25 tracking services that DNT detected most frequently across nine regions and certain individual countries. 100% represents the total number of DNT detections triggered by all 25 tracking services.

The DNT component is included in all Kaspersky security solutions and is disabled by default.

Global tracker giants

Eight tracking systems appeared in almost all of the TOP 25 lists for the regions we studied. Four of these belong to Google. Besides these, we will look at two other tracking systems which were also widely represented across almost all regions: New Relic and Microsoft.

In addition, two other systems – Criteo and Facebook Custom Audiences – also made it into the TOP 25 for all regions, but we’ve already covered them in previous articles.

Google

Google has several tracking systems responsible for various but often overlapping areas of marketing, advertising, and other fields involving the collection, analysis, and interpretation of user data.

Google Display & Video 360 is a tool for managing advertising campaigns. Its trackers monitor advertising-related activities (clicks, technical metrics of ads, and so on). This system had the largest share among the TOP 25 tracking systems in Asia. In South Asia, it accounted for 25.47% of DNT component triggers, and in East Asia – 24.45%. The smallest share of this tracking system was in the CIS (Commonwealth of Independent States) – just 8.38%, as this region features a strong presence of local tracking systems, which we will discuss later.

The share of DNT triggers for Google Display & Video 360 trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

Compared to our previous report, covering the period from August 2021 to August 2022, the presence of Google Display & Video 360 slightly increased in East Asia and the CIS, while it decreased in other regions.

The second frequently encountered tracking system is Google Analytics. This system analyzes user behavior and tracks keywords to enhance website traffic and efficiency. Its largest share is in Latin America – 14.89%, followed by the Middle East at 14.12%. The lowest share of these trackers in our statistics is in North America – 8.42%.

The share of DNT triggers for Google Analytics trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

Just like the previous system, Google Analytics slightly increased its share in East Asia (up to 13.83%) and the CIS (9.36%), while decreasing in other regions.

Trackers from Google AdSense, like Google Display & Video 360, monitor advertising activity and provide reports to website owners. This tracking system has its largest share in the Middle East (6.91%) and South Asia (6.85%). The smallest shares are in Oceania (3.76%) and the CIS (2.30%).

The share of DNT triggers for Google AdSense trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

In almost all regions, the share for this tracking system increased. It’s worth noting that while some of these tracking systems reduced their presence in certain regions and others increased, they all belong to the same company – Google. Thus, user tracking by Google remains extensive, far exceeding other companies.

Another significant Google tracking system is YouTube Analytics. It gathers information about video views and audience engagement, measures engagement levels, and more. YouTube Analytics holds the largest share in South Asia (12.71%) and the Middle East (12.30%), and the smallest in Europe (5.65%) and North America (4.56%).

The share of DNT triggers for YouTube Analytics trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

Compared to other Google tracking systems, YouTube Analytics has notably increased its share in all regions.

New Relic

The share of DNT triggers for New Relic trackers in each region, July 2023 — June 2024 (download)

The San Francisco-based New Relic appeared for the first time in our list of global giants present in all regions. Its activity is focused on web tracking for subsequent performance analysis and the detection of website and application errors. The largest share of this tracking system is in Oceania – 15.79%, and the smallest in the CIS – 1.96%.

Bing and Microsoft Corporation

The share of DNT triggers for Microsoft Corporation trackers in each region, July 2023 — June 2024 (download)

Microsoft trackers collect information about user interactions with its online services and other sites. This data is used to optimize service performance, find errors, and more. While this tracking system has a relatively small share, it is present in all regional TOP 25 lists. Microsoft Corporation largest share is in Latin America – 3.38%, and the smallest in the CIS – 0.68%.

We studied Bing as a separate tracking system, although it is actually part of Microsoft.

The share of DNT triggers for Bing trackers in each region, July 2023 — June 2024 (download)

Bing is a full-fledged search engine. Its trackers collect information on search queries, location, and user preferences to display relevant ads – classic search engine functionality. It can be assumed that the share of Bing’s tracking system in various regions indicates the popularity of the search engine itself. A notable share of Bing trackers among the TOP 25 was in Africa – 8.46%, and the smallest in the CIS – 0.77%.

Regional statistics

Europe

Distribution of the TOP 25 tracking systems in Europe, July 2023 — June 2024 (download)

In the European region, Google tracking systems occupy the top two positions in the TOP 25. Google Display & Video 360 accounts for 17.27%, while Google Analytics holds 11.93%. In third place, with a 9.13% share, is Amazon Technologies. Fourth is Criteo with 6.80%, followed by YouTube Analytics (5.65%), Bing (5.33%), and Google AdSense (5.23%).

In addition to the tracking systems that are in the TOP 25 of other regions, there is one company in the European ranking not found anywhere else: Improve Digital, a Dutch company that deals with advertising and marketing projects. It closes the TOP 25 with a small share of 1.22%. Next, we’ll look at regions and even countries where the tracking system rankings contain far more names not found in any other region.

Africa

Distribution of the TOP 25 tracking systems in Africa, July 2023 — June 2024 (download)

In Africa, Google trackers occupy the top three spots, with Google Display & Video 360 leading at 19.03%. By the way, only one region and one country among those we examined do not have Google tracking systems in the top position; in nearly all other regions, Google Display & Video 360 leads the rankings, occasionally being surpassed by Google Analytics. In second and third place in the African region are Google Analytics (12.94%) and YouTube Analytics (10.25%). Following them are the aforementioned New Relic (8.55%), Bing (8.46%), Google AdSense (5.11%), Criteo (3.40%), and Xandr (3.17%) – a company owned by Microsoft that focuses on advertising and analytics. The African TOP 25 doesn’t contain any unique tracking systems that can’t be found in other regions.

Middle East

Distribution of the TOP 25 tracking systems in the Middle East (excluding Iran), July 2023 — June 2024 (download)

The top four most widespread tracking systems in the Middle East belong to Google: Google Display & Video 360 (22.92%), Google Analytics (14.12%), YouTube Analytics (12.30%), and Google AdSense (6.91%). Next are Criteo (6.55%), New Relic (4.42%), Bing (2.66%), and Amazon Technologies (2.37%).

In 19th place, with a small share of 1.42%, are trackers from the Turkish advertising company Virgul.com, unique to this region.

Distribution of the TOP 25 tracking systems in Iran, July 2023 — June 2024 (download)

In the Middle East, there is one country worth considering separately due to the significant number of tracking systems that are not found in other rankings – Iran. Despite the presence of numerous local trackers, Google still takes the top spot. However, not with Google Display & Video 360, which ranks third at 11.35%, but rather with Google Analytics at 35.78%, the highest for this system across all the regions and countries we reviewed. In second place are Microsoft Corporation trackers (12.08%), and in fourth is Yandex.Metrica (4.90%). The latter is a division of the Russian company Yandex, responsible for user data collection and analysis for advertising and marketing services, such as analyzing audiences and their behavior. Following Yandex is the local Tehran-based company Yektan (4.52%), which collects and analyzes data for advertising services. Another local Iranian company in the TOP 25 is the internet advertising agency SabaVision (1.55%).

In addition to these domestic trackers, Iran’s TOP 25 also includes some that appear only in this country but which are not Iranian in origin. These include Tradingview.com (1.84%), an American company collecting telemetry, Amplitude (1.46%), a digital analytics company, Heap (1.18%), a product optimization platform, and Webklipper Technologies (0.96%), which specializes in internet marketing.

Latin America

Distribution of the TOP 25 tracking systems in Latin America, July 2023 — June 2024 (download)

The TOP 25 tracking systems most frequently detected in Latin America contain no local companies. Google Display & Video 360 ranks first with 20.13%, followed by Google Analytics (14.89%) and YouTube Analytics (8.89%). The TOP 25 is completed by PubMatic (1.08%), a company providing software for internet advertising. While it appears in many TOP 25 rankings, its share is minimal.

North America

Distribution of the TOP 25 tracking systems in North America, July 2023 — June 2024 (download)

In North America, Google Display & Video 360 leads the TOP 25 with a significant margin, holding 16.84%. Amazon Technologies comes second with 9.08%. Interestingly, Amazon Technologies trackers appear in the TOP 3 only in three regions or countries we considered: Europe, North America, and Japan. In third place is Google Analytics with 8.42%, which is the lowest share for this system in any of the regions examined. New Relic comes in fourth with 7.62%.

The North American TOP 25 includes two tracking systems not seen in other regions: The Trade Desk (1.79%) and Quantum Metric (1.76%), both American companies providing platforms for digital analytics and advertising.

Oceania

Distribution of the TOP 25 tracking systems in Oceania, July 2023 — June 2024 (download)

In Oceania, Google Display & Video 360 (18.43%) ranks first, and New Relic, with a 15.79% share, takes second, marking the highest percentage for this tracking system among all the regions and countries examined. Google Analytics is in third place with 12.00%. In addition to the trackers found in most regions, Oceania features Oracle Moat Measurement (2.10%), Chartbeat (1.11%), and Nielsen (1.03%), which appear only in this region’s ranking. Chartbeat is an American company that collects and analyzes user data for media companies to improve monetization. Nielsen is an American company specializing in market measurement, collecting and analyzing user data for this purpose. Oracle Moat Measurement is the advertising division of Oracle, which will cease operations on September 30, 2024. Oracle itself will exit the advertising market, so this is likely the last time we’ll see this tracking system in our research.

The CIS

Distribution of the TOP 25 tracking systems in the CIS (excluding Russia), July 2023 — June 2024 (download)

The CIS region is the most unusual in terms of the distribution of the TOP 25 tracking systems. This is the only region where Google trackers do not occupy the top two spots, ranking third (Google Analytics) with a relatively small share of 9.30% or lower. The first place is held by Yandex.Metrica trackers with 26.19%. As mentioned earlier, Yandex system not only made the TOP 25 in the CIS but was also seen in the Iranian ranking (fourth place at 4.90%), the Middle East (2.30%), and of course, Russia, where it holds first place with a 26.43% share.

In second place in the CIS ranking is the tracking system from Mail.ru (owned by the VK corporation) with a share of 20.76%. In addition to these two giants in the CIS tracking market, several other local tracking systems also made it into the TOP 25. Right after the three Google systems – Google Analytics (9.30%), YouTube Analytics (8.34%), and Google Display & Video 360 (8.33%) – the tracking system of the local company Mediascope had 2.82%. Mediascope focuses on audience preference and behavior research. Also included in the TOP 25 of the CIS are developments from the following Russian companies: Adriver (2.75%), Buzzoola (2.02%), AdFox, owned by Yandex (1.69%), Rambler Internet Holdings (1.46%), Sape.ru (1.42%), Artificial Computation Intelligence (1.33%), Between Digital (1.01%), Otm (0.99%), Adx.com.ru (0.93%). In total, Russian tracking systems account for 63.35% of the overall CIS ranking.

Distribution of TOP 25 tracking systems in Russia, July 2023 — June 2024 (download)

In Russia, the TOP 5 is occupied by domestic tracking systems: Yandex.Metrica (26.43%), Mail.Ru (16.60%), Mediascope (6.16%), Sape.ru (4.89%) and Artificial Computation Intelligence (4.80%). Google AdSense only ranks sixth with a 4.50% share. In addition to the trackers seen in the CIS TOP 25, the Russian ranking features an even larger number of Russian tracking services: VK (2.09%), Uniontraff (1.79%), Bidvol (1.16%), Teleport Media (0.97%), Avito (0.87%), MoeVideo (0.79%), GetIntent (0.62%), AmberData (0.59%), Kimberlite.io (0.59%) and Bumlam.com (0.56%).

The share of Russian tracking systems in the TOP 25 amounts to 87.50%. This makes Russia the only region where the overwhelming majority of the TOP 25 tracking systems are local players.

East Asia

Distribution of the TOP 25 tracking systems in East Asia (excluding Japan and South Korea), July 2023 — June 2024 (download)

The top four positions in East Asia are occupied by Google tracking systems. Google Display & Video 360 is in first place with a share of 24.45%, followed by Google Analytics (13.83%), YouTube Analytics (11.66%), and Google AdSense (6.61%). Unlike other regions, the tracking system of the major Chinese IT company Baidu made the TOP 25 in East Asia with a share of 1.87%.

There are also countries in the region that are worth considering separately, as they feature not only global tracking systems but also local players.

Distribution of the TOP 25 tracking systems in Japan, July 2023 — June 2024 (download)

In addition to global companies whose tracking services are observed around the world, in Japan there are trackers only popular within the country. The Yahoo! Japan web portal is widely used, with its trackers accounting for 4.70%. Yahoo Advertising, the digital advertising division of Yahoo, holds a share of 2.35%.

Local Japanese tracking systems are also well-represented in Japan’s TOP 25, including Geniee (2.77%), Adsp from the Japanese company SMN Corporation (1.35%), MicroAd (1.18%), Supership (1.05%), and LINE Corporation (1.04%). The total share of Japanese companies in the TOP 25 tracking systems is 12.08%.

Distribution of the TOP 25 tracking systems in South Korea, July 2023 — June 2024 (download)

The TOP 25 in South Korea also differs from other global rankings, as it includes local Korean trackers. For example, the tracking systems of the highly popular Korean online platform NAVER rank fifth with 7.75%. Another major local player, Kakao, appears twice in the rankings: Kakao trackers are in ninth place with a 1.83% share, while trackers from the web portal Daum (owned by Kakao Corporation) hold a 1.17% share.

South Asia

Distribution of the TOP 25 tracking systems in South Asia, July 2023 — June 2024 (download)

The last region under review is South Asia. The ranking here is fairly typical in terms of the global statistics. Google Display & Video 360 takes first place with 25.47%, followed by Google Analytics (13.97%), YouTube Analytics (12.71%) and Google AdSense (6.85%). Only three American trackers made it into the TOP 25 in South Asia: Sovrn (1.24%), Mux (1.10%) and LinkedIn (1.02%).

Takeaways

Google remains the undisputed leader in collecting, analyzing, and processing user data globally. However, in regions like South Korea, Japan, and Russia – where local internet services are particularly advanced – regional tracking systems not only make it into the TOP 25 but can even prevail over global ones. In some cases, such as in the CIS, local trackers can even take over entire regions. On one hand, looking at the TOP 25, it’s clear that user data collection and analysis is not limited to just a few large companies – and the more companies store and process our data, the higher the risk of data breaches. On the other hand, the list of companies is still finite, and the majority of tracking is handled by IT giants, who are motivated to protect user data to avoid reputational damage. The presence of local trackers is undoubtedly a sign of technological development in a region or country. However, the spread of local tracking systems increases the risk of data leaks and can weaken the user’s sense of control over who collects their data. To prevent unwanted data collection by various companies and, in turn, prevent data leaks, we recommend activating the Do Not Track (DNT) plugin.

MIL OSI Global Banks –

September 29, 2024
MIL-OSI Europe: WHO and multilateral development banks kick off US$ 1.5 billion primary health financing platform with new funds and launch of first investment plans in 15 countries
Source: European Investment Bank

Execution is starting under the new Health Impact Investment Platform on the first country health investment plans turning original commitment into operational reality. The landmark partnership between Multilateral Development Banks (MDBs), the World Health Organization (WHO) and low- and middle-income countries (LMICs) is addressing the critical need for coordinated efforts to strengthen primary healthcare (PHC) in vulnerable and underserved communities to build resilience against pandemic threats like mpox and the climate crisis.

At the high-level roundtable meeting in New York on the margins of the UN Summit of the Future in New York today, new funding was signed, and it was agreed that the partners will sit down and start identifying needs and planning health care improvements in 15 countries*.

The roundtable was attended by the partnership’s three founding MDBs – the African Development Bank (AfDB), the European Investment Bank (EIB), and the Islamic Development Bank (IDB) –,WHO and the heads of state, as well as finance and health ministers from Djibouti, Egypt and Ethiopia. The Asian Development Bank also attended the high-level meeting and announced their intention to join the Health Impact Investment Platform in order to expand the initiative into the regions where it operates.

The EIB and WHO signed an initial contribution of € 10 million to kick start the implementation of these investment plans. The Islamic Development Bank and the African Development Bank are finalizing their contributions for the same amount that will be signed in the near future.

The platform is a key part of an effort to unlock € 1.5 billion in concessional loans and grants to expand and improve primary health-care services in low- and middle-income countries, especially in the most vulnerable communities. The investment plans now being developed in these 15 countries, as a phase 1, are expected to make up a significant proportion of that financing effort.

The platform aims to work in close partnership with governments to develop national health strategies focused on primary health care and on prioritizing investment opportunities that meet national health needs. Today’s kick-off comes one year after the platform was announced during the Summit for a New Global Financing Pact in Paris.

Dr Ibrahima Sy, Minister of Health, Republic of Senegal said, “it’s important to bring in private sector, local communities and different forms of financing to drive health progress. The involvement of WHO, multilateral development banks and countries is critical to guiding the investments from this Platform to deliver primary health care on the ground and develop local vaccine manufacturing capacity.”

Dr Jane Ruth Aceng, Minister of Health of Uganda said, “I congratulate you for coming up with this very important platform. All our issues are actually based at primary health care level, whether it comes to disease outbreaks, whether it comes to health access, everything is at the primary health care level, and our diseases start there and end there.”

“Primary health care is the most equitable, cost-effective and inclusive way to improve health and well-being, helping to keep people healthy, prevent diseases, and detect outbreaks at their earliest stage,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “The Health Impact Investment Platform will be a vital source of new financing to build climate and crisis-resilient primary health care in some of the countries that need it most. WHO thanks the multilateral development banks for their partnership, and we are committed to working closely with the countries to put these funds to work and start making a difference in the communities we serve.”

Nadia Calviño, President of the European Investment Bank, said: “One year ago, we launched the Health Impact Investment Platform, and today we are taking the next steps with our contribution to help countries develop their tailored investment plans. Supporting primary health-care services is the foundation of strong communities. Working closely with fellow Multilateral Development Banks and partner countries, guided by the expertise of the World Health Organization, we are making a difference.”

“The health security of the world is only as strong as its weakest part, and the new funds announced today will help countries improve primary healthcare, which is critical to stopping disease outbreaks in their tracks,” said Jutta Urpilainen, European Commissioner for International Partnerships. “In addition to the funds, the Platform will strengthen partnerships between countries and funders to ensure funds are effectively invested.”

Before the COVID-19 pandemic, WHO estimated that to reach the health-related Sustainable Development Goals, low- and low-middle income countries needed to increase their health spending significantly and require an additional US$ 371 billion annually combined by 2030. This funding would allow populations to access health services, contribute to building new facilities and train and place health workers where they need to be. It has also been estimated that preparing for future pandemics will require investment in the order of US$ 31.1 billion annually. Approximately one third of that total would have to come from international financing.

The new Platform builds on experience gained through cooperation between countries, multilateral organizations and development banks that proved fruitful during the pandemic. For example, WHO, the EIB and the European Commission supported Angola, Ethiopia and Rwanda in strengthening their health systems. Initially launched as stand-alone programmes or as part of the countries’ response to COVID-19, these interventions mobilized technical assistance, grants and investments with advantageous terms to build up or implement primary health care related interventions.

*15 countries identified as part of phase one of the Health Impact Investment Platform are:
- Burundi
- Central African Republic
- Comoros
- Djibouti
- Egypt
- Ethiopia
- Gambia
- Guinea Bissau
- Jordan
- Maldives
- Morocco
- Senegal
- South Sudan
- Tunisia
- Zambia
Background information

About the World Health Organization

The World Health Organization (WHO) is the United Nations’ specialized agency for health. It is an inter-governmental organization and works in collaboration with its Member States usually through the Ministries of Health. The World Health Organization is responsible for providing leadership on global health matters, shaping the health research agenda, setting norms and standards, articulating evidence-based policy options, providing technical support to countries and monitoring and assessing health trends.

Media contact: mediainquiries@who.int

About the African Development Bank Group

The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 37 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.

About the European Investment Bank

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It finances sound investment contributing to EU policy goals. The EIB’s activities focus on the following priority areas: climate and environment, development, innovation and skills, small and medium-sized businesses, infrastructure, and cohesion. The EIB works closely with other institutions and has provided total financing of more than € 42 billion for healthcare-related projects around the world since it started investing in the sector in 1997.

MIL OSI Europe News –
September 29, 2024
MIL-OSI Banking: Derville Rowland: Change and challenges – responding to uncertainty, transforming for the future and driving innovation

Source: Bank for International Settlements

Good afternoon. Many thanks to AFME for the invitation to speak at this conference again this year. Today I will focus on the regulatory outlook for financial services in Europe and Ireland in the context of a rapidly changing, more uncertain and ever challenging world.

The old adage, attributed to Harold Wilson, that “a week is a long time in politics” is equally applicable in many walks of life – but it has often been the case in financial markets. The last period has been no different and week to week we have seen things change rapidly. At the start of August we saw a turbulent trading period following fears of an imminent US recession. More recently, we have seen markets respond to the Fed’s half-point interest rate reduction and the Bank of England and Bank of Japan hold rates steady. While conditions have improved since, significant downside risks remain.

In particular, geo-political events remain potential sources of fragility over the coming months, including uncertainty around electoral outcomes, continuing conflict in the middle-east and Ukraine, turbulent economic conditions. Closely linked to the issue of geopolitical tensions, there is now heightened focus on the centrality of cyber risk and operational resilience. The Crowdstrike cyber incident in July, while contained early and brought under control, caused significant disruption and highlighted the fragilities in the system. Cyber risk, and the link to geopolitical tensions, has been flagged by ESMA, EBA and EIOPA and are increasingly recognised as a significant and likely risk by regulated firms. Positively, we have also seen the European Supervisory Authorities (ESAs) and the EU Agency for Cybersecurity announce the signing of a multilateral MoU to strengthen their cooperation and information exchange on cybersecurity risk in the financial sector. In light of heightened cyber risks, the importance of operational resilience remains paramount. The implementation of the Digital Operational Resilience Act (DORA) remains a key focus for regulators and firms. Digital operational resilience is a fundamental underpinning of a resilient and well-functioning financial system supporting the economy and serving the needs of citizens. That said, ensuring proportionality has been a central focus of the work to develop the DORA framework. This is an important requirement of all regulation, but is certainly the case with DORA given it is cross-sectoral and applies to almost all financial firms. As implementation work progresses, it will be important for authorities to be mindful of ensuring that smaller firms, in particular, are not disproportionately burdened by the same requirements as larger institutions.

In Europe, we have seen significant institutional change as European Commission President Ursula von der Leyen takes up her second term in office and the process is underway to appoint new Commissioners. The broad parameters of the forthcoming European legislative and regulatory agenda have been signalled. International competitiveness remains at the centre of the Commission’s programme, as we have seen from the recent Draghi and Letta reports. It seems likely that there will be a continued focus on reducing and simplifying existing EU law. That is an approach which all policy makers, including national authorities and the European Supervisory Authorities, should be mindful of. However, effective regulation which safeguards consumers, fosters market integrity and supports resilience is key to supporting financial stability. Financial stability and the resilience of the financial sector are prerequisites for sustainable economic growth and promoting competitiveness. In a drive to streamline regulation we must not lose sight of this. It is important to retain the outcomes achieved via legislative and regulatory initiatives enacted since the great financial crisis.

At the centre of policy makers thinking is the need to finance the EU’s ambitious policy agenda. A significant challenge facing Europe is to secure the public and private finance for the economic and other programmes, including the digital transformation and green deal. At the centre of this is the concept of a Savings and Investment Union, building on the progress made under the Capital Markets Union agenda. In April, Commission President Ursula von der Leyen summed this up by saying that “European start-ups should not need to look at the US or Asia to finance their expansion. They must find what they need to grow right here in Europe. We need a deep and liquid capital market. And we need a competition policy that supports companies to scale up. Europe must be the home of opportunity and innovation.”

There is much still to determine – including the level of ambition for this Savings Union and whether it should be a top-down exercise or if the lead should be taken at a Member State level. But I suspect, like most things, the answer is likely somewhere in the middle. While details remain to be worked out, the Letta and Draghi reports likely set out the broad roadmap for how this may be pursued. That said, there will be a need to radically prioritise. Implementing the Letta report alone would require a number of new legislative proposals, in addition to legislative reviews already committed to and implementation work that is required following the last Commission term.

As the Draghi report outlines, Europe must refocus its collective efforts on closing the innovation gap with the US and China, especially in advanced technologies. This is important for many reasons, including that faster innovation will, in turn, help raise the EU’s productivity growth, leading to stronger growth in household incomes and stronger domestic demand. At the Central Bank of Ireland, we recognise the many potential benefits and opportunities that new technologies bring to financial services and consumers in Ireland and in Europe. It is important that these benefits can be realised, whilst also ensuring that the risks are well understood and managed. Regulation plays a crucial role in the safe, and therefore enduring, adoption of innovation into the system.

Innovation has brought in new entrants, new products and new ways of serving customers and the economy. As a result, technological innovation continues to be a focus for the Central Bank. This is one of the reasons why we have enhanced our innovation facilities – with the establishment of an innovation sandbox programme which is due to commence for the first time later this year – so that we can continue to engage, learn and develop a deeper understanding of the ecosystem, the opportunities, the benefits and the risks. Our goal is not to remain stagnant but to evolve and iterate so that we continue to regulate and supervise effectively.

Recent years have seen tremendous innovations in financial services. Amongst the most notable have been the development of blockchain-based technologies. We can see the many areas where the blockchain has significant potential to bring about positive change, even transformation, in how we do things. Whether this be tokenisation of investment products or improvements in post-trade infrastructure and interoperability, there are important positive stories to tell.

The European Commission’s 2020 digital finance package has set Europe up well to take advantage of these developments. The package reflected the EU’s ambition to embrace a digital transition, to help modernise the European economy across sectors, and to turn Europe into a global digital player. Almost 4 years later, we are about to implement the Markets in Crypto-Asset Regulation, or MiCAR.

This is an important step forward in the regulation of crypto activities in Europe while also leading the way on the regulation of the crypto sector globally. The potential for crypto and blockchain to build financial inclusivity or democratise finance has long been a theme of discussion in the sector. Crypto enthusiasts speak readily to how crypto and blockchain technologies, paired with global internet access, can provide easy and immediate access to people across the world to financial services and achieve a level of financial inclusivity that the traditional financial services cannot. While this is an exciting prospect, it cannot be achieved without guardrails. For the first time, MiCAR will introduce a harmonised regulatory framework for the sector that introduces prudential and conduct obligations for issuers of e-money tokens, asset-referenced tokens, and for crypto-asset service providers. There are also obligations for offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens.

There are two priorities I would signal with respect to MiCAR implementation. Firstly, we are working closely with our EU Peers and the ESAs to ensure the necessary coordination and consistency across Europe. The ESAs are, correctly, focused on driving a convergent approach to the implementation of MiCAR in national authorities authorisation and supervision processes. We see this as highly important work. MiCAR, being a first attempt at regulation in this area, is an important opportunity to avoid divergent approaches emerging in different jurisdictions.

Secondly, over recent years, we have been working to continually improve our authorisation process. Through engagement with industry, other public bodies and applicants, we have sought to better explain our expectations, resulting in increased clarity and predictability. Better risk assessment, better communication and better supervisory outcomes have been the output of that work. We have produced new publications, enhanced our internal processes and responded to the changes in the authorisation landscape, including the increase in the number of complex applications. Under MiCAR, you can expect our approach of continuous improvement to continue.

Innovation and new technologies can play an increasingly important role in facilitating retail investors participating in capital markets. As we shortly approach IOSCO’s World Investor Week, which is a global campaign to raise awareness of the importance of investor education and protection, it is timely for regulatory authorities and policy makers to take stock and redouble our efforts to support investor education, investor protection and financial literacy.

Protecting consumers is at the heart of what we do at the Central Bank. We know that consumers who are well-informed and understand financial products and services are better placed to make good financial decisions and to look after their interests. These consumers are less likely to be vulnerable to harm from firms that are not securing their interests, and they are less vulnerable to frauds and scams. This is why high levels of financial literacy empower consumers to make effective and informed choices to safeguard their financial well-being. Irish authorities are currently in the process of developing a national Financial Literacy Strategy for Ireland, something which we at the Central Bank strongly support.

Ireland’s financial sector has an important role to play in supporting the Savings and Investment Union and providing opportunities for retail investors to participate in capital markets. The sector has demonstrated high levels of resilience while continuing provide critical services to households and business in Ireland and abroad. As with the European economy as a whole, over the last decade, the Irish financial services sector has also continued evolve, in terms of its size, complexity and international connectedness. These developments are, of course, a positive for Ireland, and positive for their contribution to European financial markets. We of course must be mindful that an expanding and more complex financial sector may poses risks that need to be managed. This reinforces the importance of effective regulation and supervision – to maintain financial stability and to protect consumers and investors, both within Ireland, Europe and globally.

As I mentioned earlier, we recognise that we too must change to keep pace with the changing world. I would like to finish by outlining some of the work we are doing in this regard.

As you will be aware, we have introduced the Individual Accountability Framework (IAF). The IAF is all about helping underpin sound governance across the financial sector by setting out clearly what is expected of well-run firms. For both firms and the regulator it should be seen as a complement to the wider focus on governance, culture and behaviour. For the Central Bank our hope is that along with wider efforts, the IAF will help make firms take more ownership and responsibility for running their business and addressing any risks or deficiencies they may have. In an increasingly technological and rapidly changing world, the need for effective governance underpinned by a strong ethical culture and robust systems of delivery is becoming more and more essential.

We are also transforming our supervisory approach – to ensure consumers of financial services are protected in all respects in this changing and increasingly complex environment. Building on the strong foundations of our current approach to supervision, we are moving to an integrated supervisory framework where directorates with oversight of banks, insurance companies and capital markets will be responsible for the supervision of all the functions in their respective sectors. Our approach will continue to be risk-based; but the new framework will ensure we are more efficient and effective in our supervisory work. It will make it easier to direct our supervisory resources to the areas of most risk to consumers or the system. Importantly, it will also place consumer and investor protection at the heart of day to day supervision. This change will maximise the benefit of our integrated mandate – enabling us to continue to deliver on our mission and ensure the financial system operates in the best interests of consumers and the wider economy. These changes are not just important; they are necessary – so that in a changing world we continue to deliver in the public interest.

Conclusion

The EU will also need to take a number of very important decisions in the coming years, especially in terms of what elements of the legislative and regulatory agenda to prioritise, the level of ambition to apply in harnessing the EU’s investment potential, and how to navigate geo-political tensions. All of these – to different degrees – will have an impact on financial markets and firms. The speed of these developments – and their potential to cause ripple effects – will not decrease. And so the onus is on us – firms and regulatory authorities alike – to increasingly evolve our approach, innovate and prepare for what the future may hold.

Thank you.

MIL OSI Global Banks –

September 29, 2024
MIL-OSI Banking: ADB President Reaffirms Strong Partnership with Bhutan during Official Visit

Source: Asia Development Bank

THIMPHU, BHUTAN (24 September 2024) — Asian Development Bank (ADB) President Masatsugu Asakawa reaffirmed ADB’s commitment to supporting Bhutan’s development goals and praised the country’s recent achievements during a 3-day official visit to the country.

“Bhutan has made significant strides in reducing poverty and improving education and health services, and its recent graduation from least developed country status is commendable,” said Mr. Asakawa. “As a trusted partner for over 4 decades, ADB remains committed to helping Bhutan build on its progress and achieve sustainable development, and the new country strategy provides the road map.”

During his visit, Mr. Asakawa met with Finance Minister and ADB Governor Lekey Dorji. The discussions centered on ADB’s support for policy reforms and institutional strengthening, climate and disaster resilient infrastructure development, and human capital development. After the meeting, Mr. Asakawa witnessed the signing by ADB and the Royal Government of Bhutan for the $30 million Distributed Solar for Public Infrastructure Project.

Mr. Asakawa will also visit the Babena satellite clinic in Thimphu, one of five clinics built with ADB financing to bring affordable health care closer to Bhutanese communities and reduce pressure on the main tertiary hospital. He will meet with students at the Samthang Technical Training Institute in Wangdue Phodrang, an institution upgraded with ADB assistance to enhance the employability of secondary school and TVET graduates.

Highlighting the pressing issue of climate change, Mr. Asakawa will visit rural areas surrounded by the Himalayan Mountains to draw attention to accelerating glacial melt in the region. “Climate action is a top priority for ADB,” he stated. “The rapid glacial melt driven by climate change poses significant risks not just for Bhutan but for the entire region. ADB is launching bold new initiatives that will build resilience in vulnerable areas like the Hindu Kush Himalayas.”

Mr. Asakawa’s visit follows the recent launch of ADB’s new Bhutan country partnership strategy (CPS). The CPS for 2024–2028 aims to reinforce Bhutan’s development efforts by strengthening public sector management, enabling private sector development, building climate-adaptive and resilient infrastructure, and enhancing human capital development to increase youth employability. The strategy aligns with Bhutan’s 13th Five-Year Plan.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

MIL OSI Global Banks –

September 29, 2024
MIL-OSI Banking: Indonesia launches safeguard investigation on tarpaulins made from plastics and synthetic fibers

Source: World Trade Organization

In the notification, Indonesia indicated, among other things, as follows:

“The contact information of the Investigating Authority for correspondence is:

THE INDONESIAN SAFEGUARDS COMMITTEE
Komite Pengamanan Perdagangan Indonesia (KPPI)
Jl. M.I. Ridwan Rais No.5, Building I, 5th floor, Jakarta 10110
Telephone / Facsimile: (62-21) 385 7758
E-mail: [email protected]

[…]

Those having substantial interest and wishing to be considered as interested parties in this investigation should submit written request within a period of 15 days in Indonesia from the date of initiation to the Investigating Authority. All submissions and requests made by interested parties must be sent both in written letter and in electronic format, and must indicate the name, address, e-mail address, telephone and fax number of the interested parties.”

Further information is available in G/SG/N/6/IDN/45.

What is a safeguard investigation?

A safeguard investigation seeks to determine whether increased imports of a product are causing, or is threatening to cause, serious injury to a domestic industry.

During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties.

A WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) only if the increased imports of the product are found to be causing, or threatening to cause, serious injury.

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MIL OSI Global Banks –

September 29, 2024
MIL-OSI Banking: WTO advanced course on trade in services concludes in Geneva

Source: WTO

Headline: WTO advanced course on trade in services concludes in Geneva

The LDCs participating in the course were Bangladesh, Madagascar, Lao People’s Democratic Republic, Nepal, Tanzania, The Gambia and Zambia. The acceding country was Bhutan. The full list of participating economies is available here.
Over five days, participants engaged in an intensive curriculum designed to deepen their understanding of the WTO’s General Agreement on Trade in Services (GATS). The course covered the economic importance of services trade, domestic regulation, the impact of digital trade on economies’ trade performance, investment facilitation and environmental services. Participants were also able to analyze and formulate effective trade policies by gaining hands-on experience with analytical tools like the I-TIP database and services trade statistics.
The programme included a mix of presentations, practical exercises and in-depth discussions on emerging trade in services issues. Participants were particularly engaged in sessions on the latest developments in digital trade and the regulatory challenges associated with services trade. Interactive sessions allowed participants to apply their know-how to real-case scenarios, reinforcing their capacity to navigate complex trade issues.
Upon completing the course, Mr Hugo Ibarra said: “In my work at the Undersecretariat of Economic Affairs, which reports to Chile’s Ministry of Foreign Affairs, I am frequently in contact with the WTO for notifications of trade policies and other issues linked to the fulfilment of Chile’s WTO commitments. I also regularly refer to the GATS in our negotiation process for trade agreements. For these reasons, this type of course plays a very important role in our daily work.”
Mr Kutubo Jarju, a participant from The Gambia’s Ministry of Trade, Industry, Regional Integration and Employment, said: “As a trade professional engaged in multilateral and regional trade negotiations, my primary expectation from this advanced course was to significantly deepen my expertise in the evolving services trade landscape. The course provided me with an enriched understanding of the current issues, challenges and opportunities of services trade, particularly in the context of global and regional agreements.”
Ms Lavita Chan from Hong Kong, China’s Trade and Industry Department said: “I highly recommend the Advanced Trade in Services Course for government officials with services negotiation background and experience. Needless to say, the course contents were wide ranging, informative, up-to-date and inspirational. I was particularly impressed by the participants’ enthusiasm in sharing their points of view and domestic experience while the case studies and examples helped enrich our understanding and clarify complicated concepts. The participant-led reviews every morning were a very useful way to consolidate everything we learned and to promote teamwork.”
The course was organized jointly by the WTO Trade in Services Division and the Institute for Training and Technical Cooperation.
List of participants
ARGENTINA
Ms Estefania Donna
BAHRAIN
Ms Meead Alansari
BANGLADESH
Mr Saif Uddin Ahammad
BHUTAN
Mr Choki Tshewang
CABO VERDE
Ms Ludmilde Filomena Celso Silva Fernandes Semedo
CHILE
Mr Hugo Ibarra
CHINA
Ms Yi WANG
C�TE D’IVOIRE
Ms Mariam Deme
ECUADOR
Ms Estefania Anais Mejia Ramos
HONG KONG, CHINA
Ms Mo Ying Chan
JORDAN
Mr Qusai Al-Tarawneh
KENYA
Ms Elizabeth Gathoni Miguda-Alila
LAO PDR
Mr Nongchith Khambounheuang
MADAGASCAR
Mr Fetra Herisoa Ramankirahina
MOROCCO
Mr Othmane Maktoum
NICARAGUA
Ms Yeseila Baca Cuadra
PAKISTAN
Ms Onsia Zafar
PHILIPPINES
Mr Anthony Aguirre
REPUBLIC OF KOREA
Ms Aeseon Kim
SEYCHELLES
Ms Demelza Tanisha Nathalie Valentin
SRI LANKA
Mr Premathilake Jayakody Batagolle Gedara
SURINAME
Ms Urtha Charlane Hoever
CHINESE TAIPEI
Ms Yun-Xuan Lin
TANZANIA
Ms Angelina Stephen Bwana
THE GAMBIA
Mr Kutubo Jarju
TUNISIA
Ms Noura Ben Mohamed
UKRAINE
Mr Vitaliy Kunatenko
ZAMBIA
Ms Mbewe Chikondi

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MIL OSI Global Banks –

September 29, 2024
MIL-OSI Submissions: India: Death penalty never the solution to crime and violence against women – Amnesty International

Source: Amnesty International

Responding to the Aprajita Woman and Child (West Bengal Criminal Laws Amendment) Bill adopted today by the West Bengal state government that introduces the death penalty for the offence of rape when it results in the victim’s death or leaves them “in a vegetative state”, Aakar Patel, Chair of Board at Amnesty International said:

“The authorities must deliver justice and accountability for the horrific rape and murder of the woman doctor at the RG Kar Medical College and hospital in Kolkata in August. However, the death penalty is never the solution, nor it would offer a ‘quick fix’ to prevent violence against women. There is no evidence that it has a unique deterrent effect. Even the Justice Verma Committee that was constituted in 2012 to reform the laws and criminal justice practices relating to crimes of sexual violence, including rape in India and Law Commission of India have opposed the death penalty in cases of violence against women.

“What is actually needed is far-reaching procedural and institutional reform that deals with the root causes of crime and put emphasis on its prevention. Authorities in West Bengal and across India must fully implement recommendations made by the Justice Verma Committee, including police training and reform, preventive measures, and addressing how reports of sexual violence are registered and investigated. These are important first steps that will in the long run make India safer, including for women.

“We urge the Central Bureau of Investigation (CBI) to conduct a swift and thorough investigation into this appalling case and bring those responsible to justice without recourse to death penalty. Undue delays will further the climate of fear, impunity and uncertainty.”

Background

On 9 August, a 31-year-old trainee doctor was raped and murdered at the RG Kar Medical college and hospital in Kolkata, capital city of the state of West Bengal in eastern India. The events sparked a wave of protests across the country.

On 13 August, the Kolkata High Court reassigned the investigation of the case from the police to the Central Bureau of Investigation (CBI), citing the lack of significant progress and possibility of destruction of evidence. The court also noted serious lapses on the part of the hospital administration.

Today, the West Bengal government adopted the Aprajita Woman and Child (West Bengal Criminal Laws Amendment) Bill that amends the Bharatiya Nyaya Sanhita, 2023, Bharatiya Nyaya Suraksha Sanhita, 2023 and the Prevention of Children from Sexual Offences Act, 2012. The amendments tighten the punishment for various rape offences in the state.

Amnesty International opposes the death penalty in all cases and under any circumstances, regardless of the nature of the crime, the characteristics of the offender, or the method used by the state to carry out the execution. The organization considers the death penalty a violation of the right to life as recognized in the Universal Declaration of Human Rights and the ultimate cruel, inhuman and degrading punishment.

MIL OSI – Submitted News –

September 29, 2024
MIL-OSI Submissions: Investment Sector – Leo Capital Sets Up Nordic HQ in Helsinki and Launches a €25M Fund Reinforcing Helsinki’s Emerging Role in Attracting Venture Capital Firms

Source: Helsinki Partners

Helsinki’s tech ecosystem continues to attract international venture capital firms, as Leo Capital, a successful Singapore-based venture capital firm, launches its Nordic headquarters to support regional B2B startups. Alongside this strategic move, Leo Capital is launching a €25 million fund specifically targeting the Nordic region, marking its first fund focused on Europe. The 90 Day Finn program, which one of Leo Capital’s founders, Shwetank Verma, was part of in 2022, played a crucial role in choosing Helsinki as the location.

Founded in 2018, Leo Capital has previously managed three funds primarily focused on the APAC region and has actively invested in Europe since 2021. Their successful portfolio includes companies like Apica, Atoa, and Eir. The newly announced fund, Europe Fund I, represents a significant milestone for Leo Capital, as it extends their investment reach into the Nordic startup ecosystem. Business Finland Venture Capital has made an anchor investment in the fund, showing confidence in Leo Capital’s approach amidst challenging market conditions.

“Europe Fund I continues Leo Capital’s successful strategy of investing in the world’s most capable, ambitious, and resilient founding teams. It is these founders that we are looking to partner with, combining their vision and dynamism with our own networks, resources, and years of cross-border experience to help supercharge their trajectory and realize their global ambitions”, said Shwetank Verma, Co-founder of Leo Capital.

Helsinki: A New Hub for Venture Capital

Leo Capital’s decision to expand its operations to Finland came after participating the 90 Day Finn program, an initiative by Helsinki Partners designed to attract international entrepreneurs and investors to Helsinki. Shwetank Verma’s participation in the program provided deep insights into the Finnish business environment, which shares key qualities with Singapore, such as strong government support, a high level of expertise, and a vibrant entrepreneurial spirit.

“For us, Finland is exciting because we see parallels with what we know best in Singapore, for example. We can see that combination of government support, talent, and entrepreneurial zeal. They’re small markets but very dynamic”, Verma noted.

Despite the abundant opportunities, Helsinki’s potential remains relatively underexplored on the global stage. Programs like 90 Day Finn have been crucial in bridging this gap, as they have successfully brought international investors like Leo Capital to recognize Finland’s unique offerings.

“To attract investments, talent, or companies to expand to Helsinki, we need to generate interest and ensure they experience what Helsinki and Finland has to offer. Programs like 90 Day Finn have proven to be incredibly effective. For instance, Leo Capital originally considered another European location for their headquarters but shifted to Helsinki after participating in the program,” commented Johanna Huurre, Business Director at Helsinki Partners.

The Nordic region, known for its openness and global perspective, provides an inviting ecosystem for international funds. However, while early-stage funding is relatively accessible, there is a notable gap in later-stage funding, an area where Leo Capital aims to make a significant impact.

“One of the challenges in Finland is the relatively small and local nature of funds. To elevate Finland’s success stories, we need to attract larger international funds and investors. The entry of Leo Capital, with its extensive network, into Helsinki’s ecosystem is a significant step towards this goal,” Huurre added.

About Leo Capital

Leo Capital is a Singapore-based early-stage venture fund founded by serial entrepreneurs with global experience. The firm’s portfolio spans 60 early-stage companies supported by a cross-border team across three continents. Leo Capital backs founding teams powering a software-enabled world, supporting them in their journey from great start-up to great company. Leo’s “India Advantage” offers founders support in talent acquisition, go-to-market strategies, and access to a robust network of global co-investors.

About Helsinki Partners

Helsinki Partners is the investment promotion agency owned by the City of Helsinki. We have over a decade of experience in helping international companies set up or expand their business, find quality investment opportunities, and expand their network in the Nordics.

About 90 Day Finn Program

90 Day Finn program is an unique initiative run by Helsinki Partners and designed to immerse international business leaders, entrepreneurs, and innovators in Helsinki’s business ecosystem and Finnish culture. The program offers participants the chance to explore new market opportunities, network with industry leaders, and experience Finland’s renowned work-life balance. This year, the program welcomed its fourth cohort of participants and took place throughout the entire month of August.

MIL OSI – Submitted News –

September 29, 2024
MIL-OSI Submissions: Asia Pacific – Governments, tech experts gather to boost regional commitments towards digital inclusion and transformation – ESCAP

Source: ESCAP, United Nations

Policymakers and industry experts today underscored the critical need to bridge the vast digital divide in the region, further calling for breakthrough solutions, more harmonized policy frameworks and increased investments toward scalable innovations with sustainable development impacts.

Organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in partnership with the Government of Kazakhstan, the Asia-Pacific Ministerial Conference on Digital Inclusion and Transformation aims to promote more inclusive digital economies and societies in the region, as well as foster digital cooperation to bridge the digital divide, strengthen digital connectivity, ensure robust digital skills training, and enhance digital trust and security.

“Digital by default has become our norm. It is restructuring our economies, bringing new opportunities for value creation, and reweaving the fabric of society to help tackle some of our most persistent sustainable development challenges. At the same time, digital transformation intersects with economic, environmental and social risks of unseen complexity and uncertainty,” said United Nations Under-Secretary-General and ESCAP Executive Secretary Armida Salsiah Alisjahbana in her opening remarks.

Underscoring the importance of digital transformation, Prime Minister of Kazakhstan Olzhas Bektenov shared, “These technologies open new horizons for business, education, and healthcare, ensure economic growth, and expand opportunities for millions of people. We are actively developing these areas. Digital inclusion is also a crucial element, without which it is impossible to achieve the set goals. Only through cooperation, the exchange of knowledge, and best practices can we ensure a sustainable and prosperous future for all. We are ready to share our experience and knowledge.”

While 96 per cent of the population live in areas covered by mobile broadband networks, only one-third productively use Internet services. Up to 40 per cent of people lack access to the Internet, most of whom are from vulnerable and marginalized groups. This significant divide also runs along income, age, education, geographic and gender fault lines.

Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan was elected as the Chair of the Conference. “Kazakhstan is firmly committed to advancing a sustainable digital future. Today, digital technologies are key tools for achieving the Sustainable Development Goals. We have made significant progress: in 2023, we provided 274 million online services, 93 per cent of which are accessible to our citizens directly from their homes. We are also implementing proactive services automatically provided by the government, with 44 such services already available and used more than three million times. Kazakhstan is proud to rank eighth in the UN’s online services index and is ready to continue introducing innovative solutions for the benefit of society.”

On the opening day, ESCAP also launched its Asia-Pacific Digital Transformation Report 2024 which considers how digital transformations will structurally and irreversibly affect the trajectory of climate change. It presents 27 illustrative case studies demonstrating the power of digital applications for smarter climate actions – across infrastructure, governance, mobility, industry and trade, disaster risk reduction, agriculture and biodiversity ecosystems.

The report reveals that as the use of more advanced digital technologies is scaled up, there is a turning point beyond which carbon emissions tend to decline. Furthermore, the increased use of AI-driven geospatial data analytics is improving the accuracy and timeliness of early warning systems, so that the right information reaches the right people at the right time, thus contributing towards climate adaptation and mitigation measures in many countries.

Policymakers from over 30 countries as well as representatives from the tech industry, start-ups, academia, international organizations, youth, business and civil society are participating in the two-day Conference and its associated events. The Conference is expected to culminate tomorrow with the adoption of the Astana Ministerial Declaration on Digital Inclusion and Transformation.

On the sidelines of the Conference, the Government of Kazakhstan is also hosting the Kazakhstan Tech Solution Day on 5 September, which will highlight the country’s tech companies, start-ups and digital innovations, such as SmartBridge (service showcase), Smart Data Ukimet (smart data government), and eOtinish.

For further information: https://www.unescap.org/events/2024/asia-pacific-ministerial-conference-digital-inclusion-and-transformation

Read report: http://www.unescap.org/kp/2024/asia-pacific-digital-transformation-report-2024-digital-innovation-smarter-climate-action

Watch the proceedings:

www.youtube.com/unescap

The Economic and Social Commission for Asia and the Pacific (ESCAP) is the most inclusive intergovernmental platform in the Asia-Pacific region. The Commission promotes cooperation among its 53 member States and 9 associate members in pursuit of solutions to sustainable development challenges. ESCAP is one of the five regional commissions of the United Nations.

MIL OSI – Submitted News –

September 29, 2024
MIL-OSI Submissions: Asia-Pacific governments commit to collaborate on innovative solutions to bridge the digital divide and drive sustainability

Source: ESCAP – United Nations

Ministers and heads of digital technology agencies today endorsed the Astana Ministerial Declaration on Digital Inclusion and Transformation in Asia and the Pacific at the close of a high-level conference organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of Kazakhstan.

(ref. https://www.unescap.org/sites/default/d8files/event-documents/2400314E.pdf )

Among others, the groundbreaking Declaration underscores the critical need to bridge the digital divide, strengthen digital connectivity, address and enhance digital trust, and promote inclusive and sustainable digital economies and societies leaving no one behind.

“The Declaration is an important milestone that reaffirms the necessity of strengthening regional policy-making so that we increase momentum in identifying digital solutions and scaling up to bridge the digital divide,” said Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of ESCAP.

While 96 per cent of the population in Asia and the Pacific live in areas covered by mobile broadband networks, it is estimated that only one-third productively use internet services. Up to 40 per cent lack basic digital skills.

Endorsing the Declaration, Governments recognized the pressing need to overcome the major impediments that developing countries face in engaging with and accessing new technologies such as an appropriate enabling environment, sufficient resources, connectivity infrastructure and investments.

They further emphasized the importance of enhancing secure and affordable access, and promoting digital literacy and education for all including youth, older persons, women, persons with disabilities, and remote and rural communities.

“We are proud of this unique opportunity to showcase Kazakhstan’s achievements in digital government to the global community. The adoption of this Declaration reflects our shared commitment to creating an inclusive digital future for all,” said H.E. Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan, who also served as Chair of the conference.

Ministers at the Asia-Pacific Ministerial Conference on Digital Inclusion and Transformation held on 3 – 4 September in Astana, welcomed further consideration of the proposal by the Government of Kazakhstan for a Digital Solutions Center for Sustainable Development. The proposed Centre is expected to strengthen coordination and cooperation among multiple stakeholders in the digital transformation process, as well as share practical digital solutions to advance the region’s sustainable development agenda.

Delegates also reviewed the progress of other regional initiatives on digital cooperation, notably the Action Plan for Implementing the Asia-Pacific Information Superhighway Initiative, 2022-2026.

On the sidelines, conference participants had the opportunity to explore a startup alley organized by Astana Hub, the largest technology park in Central Asia, where Kazakhstan’s top startups and major tech companies were showcased.

ESCAP and the Eurasian Development Bank (EDB) also signed a Memorandum of Understanding at the conference to enhance institutional cooperation on regional economic integration and the 2030 Agenda for Sustainable Development. Under the agreement, ESCAP and EDB will carry out joint research and publications, capacity building support to policymakers and analysts in North and Central Asia as well as develop databases and analytical tools for policymakers in Asia-Pacific developing countries.

For further information: https://www.unescap.org/events/2024/asia-pacific-ministerial-conference-digital-inclusion-and-transformation

Read report: http://www.unescap.org/kp/2024/asia-pacific-digital-transformation-report-2024-digital-innovation-smarter-climate-action

Read opinion piece “A sustainable future within reach: The promise of digital transformation”: https://unescap.org/op-ed/sustainable-future-within-reach-promise-digital-transformation

Watch the proceedings:

www.youtube.com/unescap

MIL OSI – Submitted News –

September 29, 2024
MIL-OSI Submissions: Business – Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction

Source: Blackstone

SYDNEY – Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension Investment Board, for an implied enterprise value of over A$24 billion1. This represents Blackstone’s largest investment in the Asia Pacific region. The transaction is subject to approval from the Australian Foreign Investment Review Board.

AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.

Jon Gray, President and Chief Operating Officer of Blackstone, said: “This is Blackstone at its best – leveraging our global platform to capitalize on our highest conviction theme. AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.”

Sean Klimczak, Global Head of Blackstone Infrastructure and Nadeem Meghji, Global Co-Head of Blackstone Real Estate, said: “Digital infrastructure is experiencing unprecedented demand driven by the AI revolution as well as the broader digitization of the economy. Prior to AirTrunk, Blackstone’s portfolio consisted of US$55 billion of data centers including facilities under construction, along with over US$70 billion in prospective pipeline development. We look forward to partnering with the outstanding AirTrunk management team to further accelerate its growth.”

Robin Khuda, Founder and Chief Executive Officer of AirTrunk, said: “This transaction evidences the strength of the AirTrunk platform in a strong performing sector as we capture the next wave of growth from cloud services and AI and support the energy transition in Asia Pacific. We look forward to working with Blackstone and CPP Investments and benefitting from their scale capital, sector expertise and valuable network across the various local markets, which will help support the continued expansion of AirTrunk.”

It is expected that there will be approximately US$1 trillion of capital expenditures in the United States over the next five years to build and facilitate new data centers, with another US$1 trillion of capital expenditures outside the United States. Blackstone is capitalizing on this movement as a leading investor globally in data centers. Blackstone has invested in both the debt and equity of other data center companies, including as owner of QTS, the fastest growing data center company in the world, Coreweave and Digital Realty. Blackstone is also focused on addressing the sector’s power needs in many differentiated ways, including as an investor in power and utility companies, such as Invenergy, the largest independent renewables developer in the United States.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than US$1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

1 Including capital expenditure for committed projects

MIL OSI – Submitted News –

September 29, 2024