NewzIntel.com

Category: Asia

  • MIL-OSI China: Direct flights between Chinese mainland and India to resume

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

    BEIJING, Jan. 28 — China and India agreed Monday to resume direct flights between the Chinese mainland and India, according to a Chinese Foreign Ministry statement on Tuesday.

    Chinese Vice Foreign Minister Sun Weidong and Indian Foreign Secretary Shri Vikram Misri held a meeting of the Foreign Secretary-Vice Minister mechanism between China and India on Monday in Beijing, focusing on promoting the implementation of the common understandings reached between Chinese and Indian leaders at their meeting in Kazan and discussing measures to improve and develop China-India relations, the statement said.

    The two sides reached common understandings on the following specific measures:

    First, India is willing to fully support China’s work as the rotating chair of the Shanghai Cooperation Organization (SCO) and will actively participate in various activities hosted by China under the framework of the SCO.

    Second, the two sides agreed to utilize bilateral and multilateral occasions to carry out active interactions at all levels, strengthen strategic communication, and enhance political mutual trust.

    Third, the two sides agreed to jointly commemorate the 75th anniversary of the establishment of diplomatic relations between China and India in 2025, and carry out media and think tank exchanges, Track II talks and other people-to-people and cultural exchanges.

    Fourth, the two sides agreed to resume direct flights between the Chinese mainland and India, support the coordination and promotion of the competent departments of the two countries, and take measures to facilitate personnel exchanges and mutual dispatch of journalists between the two countries.

    Fifth, the two sides agreed to promote the resumption of pilgrimage by Indian pilgrims to the sacred mountain and lake of Xizang in China in 2025, and will negotiate relevant arrangements as soon as possible.

    Sixth, the two sides agreed to continue cooperation on cross-border rivers and to maintain communication on the early holding of a new round of meeting of the expert level mechanism on cross-border rivers.

    The Chinese side emphasized that both sides should act in the fundamental interests of the two countries and two peoples, adhere to viewing and handling China-India relations from a strategic and long-term perspective, and adopt an open and constructive attitude to actively promote dialogue, exchanges and practical cooperation, guide public opinion and popular support toward the positive direction, enhance trust and remove suspicion, properly handle differences, and promote China-India relations to move forward along a sound and stable track.

    The Chinese side and the Indian side also had a candid and in-depth exchange of views on issues of respective concerns.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Health Bureau responds to inaccurate media report on waterpipe tobacco

    Source: Hong Kong Government special administrative region

    Health Bureau responds to inaccurate media report on waterpipe tobacco
    Health Bureau responds to inaccurate media report on waterpipe tobacco
    **********************************************************************

         In response to a local media report today (January 28) that the Government is considering a ban on waterpipe tobacco and that the measure will dampen the desire of tourists from the Middle East to visit Hong Kong, a spokesman for the Health Bureau (HHB) reiterated that the Government has proposed to prohibit, by legislation, flavours in conventional smoking products including waterpipe tobacco, rather than banning waterpipe tobacco itself. Tobacco control is a major public health issue. The HHB expresses regret over the inaccurate information, which is misleading to citizens and tourists, disseminated by certain media and individuals.     The HHB put forward proposals for tobacco control measures in June last year, including, among others, the proposal to prohibit flavours in conventional smoking products (including waterpipe tobacco) as defined under the Smoking (Public Health) Ordinance (Cap. 371), and did not propose to ban all kinds of waterpipe tobacco. In response to a question raised by a Legislative Council Member at the Legislative Council meeting on July 3 last year, the HHB has once again clearly pointed out that the proposal to prohibit adding flavours (such as fruit flavours) in conventional smoking products seeks to counteract the intention of tobacco companies to use flavouring agents to disguise the hazards of tobacco products and attract people to smoke. The Government also observed that the use of flavoured waterpipe tobacco has become increasingly prevalent in recent years. In order to prevent tobacco companies to use waterpipe smoking as another means to entice members of the public, in particular women and young people, to become addicted to smoking, the Government’s proposal to ban flavours in conventional smoking products will also apply to waterpipe tobacco.     Waterpipe is a smoking device originating from regions including the Middle East, and traditionally is used without added flavour. In order to entice people to smoke, tobacco companies add flavours to waterpipe tobacco and this has led to the growing popularity of waterpipes in other regions as well. In addition, Islam is widely followed in the Middle East, and alcohol consumption or bar patronage is not prevalent. As venues offering outdoor waterpipes in Hong Kong are mostly bars, the ban on adding flavours in waterpipe tobacco will have limited impact on the experience of Muslim tourists visiting Hong Kong. In fact, more progressive measures in other regions have been implemented. For example, Singapore banned the import and sale of all waterpipes in 2016, and publicly available information shows that the number of tourists from the Middle East (including Iran, Kuwait, Saudi Arabia and the United Arab Emirates) arriving in Singapore before and after the ban came into effect remain comparable.     Under the Ordinance, conducting a smoking act in a statutory no smoking area (such as indoor areas of bars) is prohibited. Any person engaged in a smoking act in statutory no smoking areas commits an offence and is liable to a fixed penalty of $1,500. Currently, only about 10 per cent of bars in Hong Kong have outdoor areas where waterpipe tobacco may be smoked legally. The Government will consider introducing a grace period when formulating the new legislation to allow time for the public and the bar sector to make adjustments.     Moreover, where smoking products (including waterpipe tobacco) are sold, in bars or other premises, the restrictions on the promotion and sale of smoking products stipulated in the Ordinance apply. Offenders are liable on summary conviction to a maximum fine of $50,000. Venue managers of statutory no smoking areas are empowered by the Ordinance to request a smoking offender cease the smoking act; if the offender is not co-operative, the manager may contact the Police for assistance. The spokesman appeals to operators and venue mangers of bars/restaurants not to assist any person in breaching the statutory smoking prohibitions, or provide a waterpipe apparatus and tobacco to customers for use in statutory no-smoking areas. The Department of Health will continue to closely monitor and take stringent enforcement actions to tackle illegal waterpipe smoking activities.

     
    Ends/Tuesday, January 28, 2025Issued at HKT 19:35

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Step into a Fitter Tomorrow: Join Samsung Health’s ‘Walk-a-thon India’ Challenge and Win Big!

    Source: Samsung

     
    At Samsung, put your best foot forward to win big! Samsung India is thrilled to announce the ‘Walk-a-thon India’ Challenge, a unique initiative created exclusively for Indian users of the Samsung Health app.
     
    From January 30 to February 28, 2025, embark on a 30-day journey to complete 200,000 steps and discover the joy of walking together while competing with fellow participants. Powered by Samsung Health’s ‘Together’ feature, this challenge isn’t just about fitness—it’s about fostering a sense of community, healthy competition, and personal achievement.
     
    Why Join the Challenge?
    Walking isn’t just a workout; it’s a way to rejuvenate your mind and body. With the Walk-a-thon India challenge, Samsung Health makes tracking your steps and achieving fitness goals easy and rewarding. You’ll get access to a real-time leaderboard, allowing you to measure your progress against others and stay motivated.
     
    Complete the challenge and stand a chance to win big! From the pool of participants who achieve the 200,000-step goal and post their screenshots on the Samsung Members app using #WalkathonIndia, three lucky winners will be randomly selected to win the ultimate fitness companion—the Galaxy Watch Ultra.
     
    Who Can Participate?
    This challenge is open to all Samsung smartphone users in India who can access the Samsung Health app
     
    Here’s How to Join:
    1. Open the Samsung Health app and navigate to the ‘Together’ section.
    2. Opt into the ‘Walk-a-thon India’ challenge starting January 30, 2025.
    3. Put on your walking shoes, track your steps, and aim to hit 200,000 steps in 30 days.
    4. Post your completion screenshot on the Samsung Members app with #WalkathonIndia to qualify for the lucky draw.
     
    Why Walk Together?
    Samsung Health’s global challenges have inspired millions worldwide to embrace healthier lifestyles. This India-exclusive challenge is a chance to unite as a community, celebrate small victories, and take a giant leap towards a fitter future.
     
    The countdown begins—mark your calendars, set your fitness goals, and step into a healthier, more active lifestyle with Samsung Health. Let’s make every step count!
     
    Join the #WalkathonIndia challenge today!

    MIL OSI Economics –

  • MIL-OSI USA: NASA to Preview Sky-Mapping Space Telescope Ahead of Launch

    Source: NASA

    NASA will host a news conference at 12 p.m. EST Friday, Jan. 31, to discuss a new telescope that will improve our understanding of how the universe evolved and search for key ingredients for life in our galaxy.
    Agency experts will preview NASA’s SPHEREx (Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explorer) mission, which will help scientists better understand the structure of the universe, how galaxies form and evolve, and the origins and abundance of water. Launch is targeted for no earlier than Thursday, Feb. 27.
    The news conference will be hosted at the agency’s Jet Propulsion Laboratory in Southern California. Watch live on NASA+, as well as JPL’s X and YouTube channels. Learn how to watch NASA content through a variety of platforms, including social media.
    Laurie Leshin, director, NASA JPL, will provide opening remarks. Additional briefing participants include:

    Shawn Domagal-Goldman, acting director, Astrophysics Division, NASA Headquarters
    James Fanson, project manager, SPHEREx, NASA JPL
    Beth Fabinsky, deputy project manager, SPHEREx, NASA JPL  
    Jamie Bock, principal investigator, SPHEREx, Caltech
    Cesar Marin, SPHEREx integration engineer, Launch Services Program, NASA’s Kennedy Space Center in Florida

    To ask questions by phone, members of the media must RSVP no later than two hours before the start of the event to: rexana.v.vizza@jpl.nasa.gov. NASA’s media accreditation policy is available online. Questions also can be asked on social media during the briefing using #AskNASA.
    The SPHEREx observatory will survey the entire celestial sky in near-infrared light to help answer cosmic questions involving the birth of the universe, and the subsequent development of galaxies. It also will search for ices of water and organic molecules — essentials for life as we know it — in regions where stars are born from gas and dust, as well as disks around stars where new planets could be forming. Astronomers will use the mission to gather data on more than 450 million galaxies, as well as more than 100 million stars in our own Milky Way galaxy.
    The space observatory will share its ride on a SpaceX Falcon 9 rocket with NASA’s PUNCH (Polarimeter to Unify the Corona and Heliosphere) mission, which will lift off from Launch Complex 4E at Vandenberg Space Force Base in Central California. 
    The SPHEREx mission is managed by NASA JPL for the agency’s Astrophysics Division within the Science Mission Directorate at NASA Headquarters in Washington. The principal investigator is based at Caltech in Pasadena, California, which manages NASA JPL for the agency. 
    The spacecraft is supplied by BAE Systems. The Korea Astronomy and Space Science Institute contributed the non-flight cryogenic test chamber. Mission data will be publicly available through IPAC at Caltech.
    For more information about the mission, visit:
    https://nasa.gov/spherex
    -end-
    Alise FisherHeadquarters, Washington202-358-2546alise.m.fisher@nasa.gov
    Val Gratias / Calla CofieldJet Propulsion Laboratory, Pasadena, Calif.818-393-6215 / 626-808-2469valerie.m.gratias@jpl.nasa.gov / calla.e.cofield@jpl.nasa.gov

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi inaugurates the ‘Utkarsh Odisha’ – Make in Odisha Conclave 2025 in Bhubaneswar

    Source: Government of India

    Prime Minister Shri Narendra Modi inaugurates the ‘Utkarsh Odisha’ – Make in Odisha Conclave 2025 in Bhubaneswar

    The programme showcases the state’s immense potential as a thriving hub for investment and business opportunities: PM

    Eastern India is a growth engine in the development of the country, Odisha plays a key role in this: PM

    Today, India is moving on a path of development driven by the aspirations of crores of people: PM

    Odisha is truly Outstanding, Odisha symbolises the Optimism and Originality of New India, Odisha is a land of Opportunities, and the people here have always shown a passion to Outperform: PM

    India is focusing on green future and green tech: PM

    For 21st century India, this era is all about connected infrastructure and multi-modal connectivity: PM

    Odisha holds immense potential for tourism: PM

    With a vast pool of young talent and a massive audience for concerts, India has great possibilities for a thriving concert economy: PM

    Posted On: 28 JAN 2025 1:33PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi inaugurated the Utkarsh Odisha – Make in Odisha Conclave 2025 and  Make in Odisha Exhibition in Bhubaneswar, Odisha today. Addressing the gathering, the Prime Minister said this was his second visit to Odisha in the month of January 2025, recalling his visit to inaugurate Pravasi Bharatiya Divas 2025 event. Noting that this was the biggest business Summit in Odisha till date, Shri Modi said that there were around 5-6 times more investors participating in Make in Odisha Conclave 2025. He also congratulated the people and the Government of Odisha for organising the grand event.

    “Eastern India is a growth engine in the development of the country and Odisha plays a key role in this”, exclaimed the Prime Minister. He added that historic data also reveals that the contributions of Eastern India were remarkable when India played a major role in global growth. Shri Modi noted that there were huge industrial hubs, ports, trade hubs in Eastern India and Odisha’s participation in this was remarkable. “Odisha used to be an important center in South Eastern Asian trade and the ports were a gateway to India”, said the Prime Minister. He added that Bali Yatra is celebrated even today in Odisha. Recalling the recent visit of the President of Indonesia to India, the Prime Minister said that the President’s words that there were probably traces of Odisha in his DNA.  

    The Prime Minister remarked that Odisha celebrates a legacy which connects it with South East Asia. He added that Odisha had now begun to revive the glorious heritage in the 21st century. He noted that the President of Singapore recently visited Odisha and Singapore was very enthusiastic about its relationship with Odisha. He highlighted that ASEAN countries have also shown interest in strengthening trade and traditional connections with Odisha. The Prime Minister emphasized that numerous opportunities were opening up in this region, more than ever before since independence. He called upon all the investors present, stating that now is the right time to invest in Odisha’s development journey and assured that their investment would lead to new heights of success.

    “India is on a path of development driven by the aspirations of crores of people”, remarked Shri Modi and emphasized that AI stands for both Artificial Intelligence and Aspiration of India, which is the country’s strength. He said that aspirations grow when people’s needs are met, and the past decade has empowered crores of citizens, benefiting the nation. The Prime Minister highlighted that Odisha represents this aspiration. He described Odisha as outstanding, symbolizing the optimism and originality of New India. He added that Odisha had numerous opportunities, and its people have always shown a passion for outperforming. Sharing his personal experience of witnessing the skills, hard work, and honesty of people from Odisha in Gujarat, the Prime Minister expressed confidence that with new opportunities emerging in Odisha, the state will soon reach unprecedented heights of development. He praised Chief Minister Shri Mohan Charan Manjhi and his team for their efforts in accelerating Odisha’s development. The Prime Minister noted that Odisha is becoming one of India’s leading states in various industries, including food processing, petrochemicals, port-led development, fisheries, IT, edutech, textiles, tourism, mining, and green energy.

    Underscoring that India was rapidly progressing towards becoming the world’s third-largest economy, the Prime Minister said that the milestone of a five trillion-dollar economy was not far away. He added that over the past decade, India’s strength in manufacturing had also become evident. The Prime Minister highlighted that the expansion of India’s economy rests on two major pillars: the innovative service sector and quality products. He emphasized that the country’s rapid progress cannot rely solely on the export of raw materials and therefore, the entire ecosystem was being transformed with a new vision. The Prime Minister mentioned that India was changing the trend of extracting minerals and sending them abroad for product manufacturing and value addition, only to have those products return to India. Similarly, he added that the trend of exporting seafood for processing in other countries was also being changed. Shri Modi stated that the Government was working to ensure that industries related to the resources in Odisha are established within the state. He highlighted that Utkarsh Odisha Conclave 2025 was a means to realize this vision.

    Remarking that the world was increasingly focusing on sustainable lifestyles and moving towards a green future, Shri Modi noted that the potential for green jobs is also growing significantly. He emphasized the need to adapt to the demands and requirements of the times. He highlighted that India was focusing on green technology and a green future, including solar, wind, hydro, and green hydrogen, which will power the energy security of a developed India. The Prime Minister mentioned that Odisha had immense potential in this regard and stated that the country had launched national-level Green Hydrogen and Solar Power Missions. Shri Modi noted that significant policy decisions were being made to promote renewable energy industries in Odisha, and several steps were being taken for hydrogen energy production.

    Prime Minister remarked that alongside green energy, initiatives were being taken to expand the petro and petrochemical sector in Odisha. He highlighted that dedicated industrial parks and investment regions were being developed in Paradip and Gopalpur, indicating significant investment potential in this sector. Shri Modi congratulated the Odisha government for making swift decisions and developing a new ecosystem, considering the potential of different regions in the state.

    “21st century is an era of connected infrastructure and multi-modal connectivity for India”, said Shri Modi and highlighted that the scale and speed at which specialized infrastructure was being developed in India was making the country an excellent investment destination. He noted that dedicated freight corridors were connecting the east and west coastlines, providing faster access to the sea for previously land-locked regions. He mentioned that dozens of industrial cities with plug-and-play facilities were being constructed across the country. Shri Modi emphasized that similar opportunities were being enhanced in Odisha and thousands of crores worth of projects related to railway and highway networks are underway in the state. He added that to reduce logistics costs for industries in Odisha, the Government was connecting ports with industrial clusters and mentioned that both the expansion of existing ports and the construction of new ports are taking place. He stressed that Odisha was set to become one of the top states in the country in terms of the blue economy.

    Urging everyone to recognize the challenges of the global supply chain in a rapidly changing world, the Prime Minister emphasized that India cannot rely on fragmented and import-based supply chains. Instead, a robust supply and value chain must be built within India to minimize the impact of global fluctuations, he added. He highlighted that this responsibility lies with both the government and the industry. Shri Modi called on industries to support MSMEs and young startups, stressing the importance of research and innovation for growth. He added that theGovernment was creating a vibrant research ecosystem in the country, with a special fund and a package for internships and skill development. He encouraged industries to actively participate and collaborate with the Government. Emphasising that a strong research ecosystem and a skilled young workforce will directly benefit the industry, Shri Modi urged industry partners and the Odisha government to work together to build a modern ecosystem aligned with Odisha’s aspirations, providing new opportunities for the youth. This, he said, will create more job opportunities within Odisha, leading to prosperity, strength, and progress for the state.

    The Prime Minister remarked that people around the world were eager to understand and learn about India. He highlighted that Odisha was an excellent destination to understand India, with its thousands of years of heritage and history. He added that the state offers a unique blend of faith, spirituality, forests, mountains, and the sea, all in one place. Shri Modi described Odisha as a model of development and heritage and mentioned that G-20 cultural events were held in Odisha, and the Konark Sun Temple’s wheel was made a part of the main event. He emphasized the need to explore Odisha’s tourism potential, with its 500-kilometer coastline, over 33% forest cover, and endless possibilities for eco-tourism and adventure tourism. Prime Minister noted that India’s focus was on “Wed in India” and “Heal in India,” and Odisha’s natural beauty and environment were very supportive of these initiatives.

    Highlighting that India had significant potential for conference tourism, the Prime Minister said that venues like Bharat Mandapam and Yashobhoomi in Delhi were becoming major centers for this sector. He also mentioned the emerging sector of the concert economy. He noted that India, with its rich heritage of music, dance, and storytelling, and a large pool of young concert-goers, has immense possibilities for the concert economy. He added that over the past decade, the trend and demand for live events have increased. Pointing out the recent Coldplay concerts in Mumbai and Ahmedabad as evidence of the scope for live concerts in India, Shri Modi emphasized that major global artists were attracted to India, and the concert economy boosts tourism and creates numerous jobs. He urged states and the private sector to focus on the necessary infrastructure and skills for the concert economy. This includes event management, artist grooming, security, and other arrangements, where new opportunities are emerging.

    Shri Modi remarked that next month, India will host the World Audio Visual and Entertainment Summit (WAVES) for the first time. He highlighted that this significant event will showcase India’s creative power to the world. He emphasized that such events generate revenue and shape perceptions, contributing to the economy’s growth. He noted that Odisha has immense potential for hosting such events.

    “Odisha plays a significant role in building a developed India”, emphasized the Prime Minister. He highlighted that the people of Odisha have resolved to build a prosperous state, and the Union government was providing all possible support to achieve this goal. He expressed his affection for Odisha, noting that he had visited the state nearly 30 times as Prime Minister and has been to most of its districts. He emphasized his trust in Odisha’s potential and its people. Concluding his address, the Prime Minister expressed confidence that the investments made by all partners will elevate both their businesses and Odisha’s progress to new heights. He extended his best wishes to everyone involved. 

    The Governor of Odisha, Dr. Hari Babu Kambhampati, Chief Minister of Odisha, Shri Mohan Charan Manjhi, Union Ministers Shri Dharmendra Pradhan, Shri Ashwini Vaishnaw were present among other dignitaries at the event.

    Background

    Utkarsh Odisha – Make in Odisha Conclave 2025 is a flagship Global Investment Summit, being hosted by the Government of Odisha, which aims to position the state as the anchor of the Purvodaya vision as well as a leading investment destination and industrial hub in India.

    Prime Minister also inaugurated the Make in Odisha Exhibition that highlights achievements of the state in developing a vibrant industrial ecosystem. The two day conclave will be held from 28th to 29th January. It will serve as a platform for industry leaders, investors, and policymakers to converge and discuss the opportunities Odisha offers as a preferred investment destination. The conclave will host CEOs and Leaders’ Roundtables, Sectoral Sessions, B2B meetings, and Policy Discussions, ensuring targeted engagement with investors across the globe.

    ***

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: To reimagine, reinvent, and reposition ISI as a globally recognized institution: Indian Statistical Institute poised to embrace the transformative vision as it approaches its centenary in 2031

    Source: Government of India (2)

    Posted On: 28 JAN 2025 1:19PM by PIB Delhi

    The Indian Statistical Institute, established in 1931 by the visionary statistician Prof. Prasanta Chandra Mahalanobis, has played a pivotal role in statistical research, education, training and its application. Having been declared as an institution of national importance through the Indian Statistical Institute Act of 1959, the Institute has been a leader in advancing statistical methods and their application across various disciplines. The ISI Council is the governing body of the Institute. In terms of the provision of the ISI Act and ISI Regulations, a newly constituted Council has been set up for the term 2024-26. During the 1stMeeting of the Council held on 26 October 2024, the members of the Council elected Dr. Koppillil Radhakrishnan, as the Chairman of the ISI, Council. Dr. Radhakrishnan is a Padma Bhushan awardee and an Indian Space Scientist, who headed the Indian Space Research Organisation (ISRO) as Chairman of the Space Commission and Secretary of the Department of Space, Government of India.

    As per the provisions of the ISI Act, 1959, the Central Government (MoSPI) constitutes Committees at regularintervals for reviewing the performance of the ISI and for making recommendations about its future course. Under this provision, the 4thReview Committee of the Indian Statistical Institutewas constituted in 2020. The Committee submitted its comprehensive report to the Government of India, charting a transformative roadmap for this esteemed Institution of National Importance. Headed by the distinguished scientist and former Director-General of the Council of Scientific and Industrial Research (CSIR), Dr. R.A. Mashelkar, the Committee, through interactions with multiple stakeholders, conducted an extensive review of ISI’s functioning, achievements and challenges, and arrived at the report culminating in a series of actionable recommendations aimed at rejuvenating the Institute’s role in advancing statistical sciences and its applications in India and globally.

    Based on the theme ‘Reimagine, Reinvent and Reposition’, the Committee proposed 61 recommendations addressing governance, academic programs, research priorities, infrastructure, and financial sustainability of the Institute. The Committeehad extensive Stakeholder Consultations in the online mode due to the raging pandemic, engagingvirtually with faculty, students, alumni, and administrative staff to gather insights into ISI’s functioning, challenges, and aspirations.They also consulted industry experts, government representatives, and other academic institutions to understand and assess the external expectations from ISI. The Committee held virtual meetings to deliberate on findings and draft recommendations and undertook an evidence-basedevaluation of ISI’s performance over the past decade, including its research output, academic programs, infrastructure, and outreach efforts andbenchmarked ISI against leading global institutions to identify gaps and opportunities.

    The Committee proposed a comprehensive set of recommendations to reimagine, reinvent, and reposition ISI as a globally recognized institution. It emphasized the need for governance reforms and strengthening accountability through performance-based evaluations and establishing clear work norms for faculty and staff. The committee recommended expanding academic programs to include cutting-edge fields like data science and machine learning, increasing student intake and faculty numbers to scale the institute’s impact, and promoting interdisciplinary and large-scale research projects with national and international relevance. It called for modernizing administrative processes and research methodologies using advanced digital tools and building world-class computing and laboratory infrastructure to support innovative research.

    The recommendations also included establishing robust partnerships with industry and government to address real-world challenges and generate revenue, establishing more enabling structures like the technology innovation hub, enhancing visibility through targeted outreach and brand-building initiatives, and encouraging resource generation through research grants, industry collaborations, and alumni contributions. The committee stressed the importance of increasing autonomy in managing internal revenue and recruitment processes. Infrastructure development was also a priority, with a focus on upgrading physical facilities, including campuses, laboratories, and student housing, and establishing new centers focused on emerging disciplines and regional outreach.

    The Committee’s recommendations are aimed at reimagining, reinventing, and repositioning ISI as a globally recognized institution and included recommendations in the area of Governance Reforms, Academic and Research Enhancements, Digital Transformation, Industry and Government Engagement, Financial Sustainability and Infrastructure Development.

    ISI has commenced implementation of these recommendations, demonstrating their commitment towards strengthening the Institute’s excellence in addressing the nation’s socio-economic development needs. During the2ndMeeting of the Council held on 23 January 2025, the Council of the Institute under the Chairmanship of Dr. Koppillil Radhakrishnan reviewed the status of implementation of the recommendations of the 4thReview Committee.The Institute’sCouncil is committed to implement the Committee’s recommendations in a phased manner with focus on:

    1. Short-Term Initiatives: Immediate steps to address critical issues, such as faculty recruitment, infrastructure upgradation, and governance reforms.
    2. Medium-Term Goals: Enhancing academic and research programs, scaling outreach efforts, and improving financial sustainability.
    3. Long-Term Vision: Transforming ISI into a global leader by its centenary year in 2031, with a focus on impactful research, innovative education, and strong industry connections.

    ISI has commenced work on improving its structure, strengthening research and ensuring robust academic and administrative frameworks. Significant restructuring has been undertaken to align the Institute’s various Divisions with contemporary requirements. The Centre for AI and ML (CAIML) has aligned its initiatives with the National AI Policy, emphasizing strategic relevance. Efforts are also underway to operationalize the Interdisciplinary Centre for Applied Statistics and Biostatistics. The Research Centre for Economics and Data Analysis has been invigorated with dedicated leadership assignments, ensuring forward momentum. Faculty recruitment and promotions have been prioritized, with streamlined processes nearing finalization. Formalization of teaching benchmarks highlight ISI’s to academic excellence.

    While certain actions remain under discussion, the groundwork has been laid for transformative changes. ISI has also adopted advanced digital teaching methods, introducing online and hybrid courses as part of a broader academic enhancement strategy. These initiatives are complemented by expedited decision-making processes within the Academic Council, fostering agility in program development and revision. Infrastructure and governance improvements remain a focal point, with e-governance initiatives progressing in alignment with MoSPI. Revenue generation efforts, including consultancy rules and facility usage charges, have been implemented to strengthen financial sustainability.

    While many recommendations have been fully implemented, others are actively in progress. These actions, signal a forward-looking approach and underline the Government’s dedication to strengthen ISI as a global leader in statistical science and related disciplines.The Government recognizes ISI’s rich legacy of excellence and its critical role in supporting India’s economic and social development and is committed to providing the necessary support to realize the 4th Review Committee’s vision and roadmap.

    The Government of India’s support for implementing these recommendations reflects its commitment to empower the ISI as a cornerstone of the nation’s knowledge ecosystem. As the Institute approaches its centenary in 2031, the Institute is poised to embrace this transformative vision and emerge as a beacon of excellence on the global stage.

    *****

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 76th Republic Day celebrations to come to a close with the melodious Beating Retreat ceremony at Vijay Chowk

    Source: Government of India (2)

    76th Republic Day celebrations to come to a close with the melodious Beating Retreat ceremony at Vijay Chowk

    All Indian tunes (30) to be played by the bands of the three Services & CAPF

    Posted On: 28 JAN 2025 12:54PM by PIB Delhi

    In the majestic backdrop of a setting sun over the Raisina Hills, the iconic Vijay Chowk is set to immerse in the melodies of Indian tunes during the Beating Retreat ceremony, marking the culmination of 76th Republic Day celebrations on January 29, 2025. The bands of the Indian Army (IA), the Indian Navy (IN), the Indian Air Force (IAF) and the Central Armed Police Forces (CAPF) will play 30 foot-tapping Indian tunes before a distinguished audience, comprising President Smt Droupadi Murmu, Vice-President Shri Jagdeep Dhankhar, Prime Minister Shri Narendra Modi, Raksha Mantri Shri Rajnath Singh, other Union Ministers, senior officials and the public.

    The ceremony will begin with the massed band’s ‘Kadam Kadam Badhaye Ja’ tune, followed by captivating tunes such as ‘Amar Bharati’, ‘Indradhanush’, ‘Jai Janam Bhumi’, ‘Nati in Himalayan Valley’, ‘Ganga Jamuna’ and ‘Veer Siachen’ by the Pipes & Drums band. The CAPF bands will play ‘Vijay Bharat’, ‘Rajasthan Troops’, ‘Aye Watan Tere Liye and ‘Bharat ke Jawan’.

    ‘Galaxy Rider’, ‘Stride’, ‘Rubaru’ and ‘Millennium Flight Fantasy’ will be the tunes played by the band of IAF, while the IN band will play ‘Rashtriya Pratham’, ‘Nishak Nishpad’, ‘Aatmanirbhar Bharat’, ‘Spread the Light of Freedom’, ‘Rhythm of the Reef’ and ‘Jai Bharati’. It will be followed by IA band which will play ‘Veer Sapoot’, ‘Taqat Watan’, ‘Mera Yuva Bharat’, ‘Dhruv’ and ‘Faulad Ka Jigar’.

    The Massed Bands will, then, play the tunes ‘Priyam Bharatam’, ‘Aye Mere Watan Ke Logon’ and ‘Drummers Call’. The event will come to a close with the ever-popular tune of ‘Sare Jahan se Acha’ to be played by the Buglers.

    The principal conductor of the ceremony will be Commander Manoj Sebastian. The IA Band conductor will be Subedar Major (Honorary Captain) Bishan Bahadur, while M Antony, MCPO MUS II and Warrant Officer Ashok Kumar will be the conductors of IN and IAF respectively. The conductor of CAPF band will be Head Constable GD Mahajan Kailash Madhava Rao.

    The Pipes & Drums band will play under the instructions of Subedar Major Abhilash Singh, while the Buglers will perform under the leadership of Naib Subedar Bhupal Singh.

    ***

    SR/Savvy

    (Release ID: 2096921) Visitor Counter : 100

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOIL Celebrates 76th Republic Day with Patriotic Fervor at Balaghat Mine

    Source: Government of India

    Posted On: 28 JAN 2025 11:30AM by PIB Delhi

    Embracing the spirit of unity and patriotism, Manganese Ore (India) Limited celebrated the 76th Republic Day of the nation with immense enthusiasm at its Balaghat mine. The celebrations commenced with the unfurling of the National Flag by Shri Ajit Kumar Saxena, CMD, MOIL. He was accompanied by Shri Rakesh Tumane, Director (Finance); Shri M.M. Abdulla, Director (Production & Planning); Ms. Rashmi Singh, Director (Commercial), and Smt. Sushma Saxena, w/o Shri Ajit Saxena, as Special Invitee, along with other senior officials.

    The event showcased a grand parade featuring the Guards and school children, with active participation from employees’ families. The highlight of the celebrations was a vibrant cultural program that brought together more than 500 school children and employees performing a captivating array of patriotic and cultural performances.

    Addressing the gathering, Shri Saxena emphasized MOIL’s unwavering commitment to the values enshrined in the Constitution and the company’s role in contributing to the nation’s progress.

    In recognition of excellence, CMD Shri Saxena accompanied by Mrs. Saxena awarded accolades to the best employees, best security personnel, and the best hospital management team. Winners of various competitions held as part of the celebrations were also felicitated. On this occasion, various new welfare schemes for especially the contract labour working for MOIL were announced.

    As part of the festivities, a friendly cricket match between CMD XI and DF XI was held at the Dongri Buzurg mine, fostering camaraderie and teamwork among MOIL employees. Smt. Sushma Saxena was the Chief Guest in the function and gave away the trophies.

    ………..

    TPJ

    (Release ID: 2096902) Visitor Counter : 45

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: English rendering of PM’s speech at NCC Rally at the Cariappa Parade Ground in Delhi

    Source: Government of India

    Posted On: 27 JAN 2025 8:08PM by PIB Delhi

    My colleagues in the Union Cabinet, Shri Rajnath Singh Ji, Sanjay Seth Ji, CDS- General Anil Chauhan Ji, Chiefs of the three Armed Forces, Defence Secretary Shri, DG NCC, other guests and my dear friends from NCC!  Best wishes to all of you on the occasion of NCC Day. Today, around 150 cadets from 18 friendly countries are also present here among us. I welcome all these cadets. I also congratulate the colleagues of Mera Yuva Bharat, MY Bharat, associated with the country.  

    Friends,

    Being selected for the Republic Day parade is an achievement in itself. This year’s parade was also special because our republic has completed 75 years. Friends, these memories will stay with you for life. In the future, you will definitely remember that when the Republic completed 75 years, we took part in the parade. My heartiest congratulations to those friends who have received the Best Cadet Award. I recently got the opportunity to flag off many NCC missions here. Such efforts of NCC connect India’s heritage with youth aspirations. I wish all the best to the cadets involved in these missions.

    Friends,

    NCC was established during the period when the country got independence. In a way, the journey of your organization started even before the Constitution of the country. In the 75 years of the Republic, the Constitution of India always gave democratic inspiration to the country and explained the importance of civic duties. Similarly, NCC also always inspired the youth of India to build the nation and explained the importance of discipline to them. I am satisfied that in the past years, the government has done a lot of work to increase both the scope and responsibility of NCC. NCC has been expanded in our border areas, the districts adjoining the sea border. 

    Today, NCC has reached more than 170 border talukas and nearly 100 coastal talukas of the country. I would also like to congratulate the three armies. You took the responsibility of specially training the young NCC cadets of these districts. Today thousands of youth living on the border have benefited from this. We are also seeing the result of reform in NCC in the number of cadets. In 2014, the number of NCC cadets was approximately 14 lakh. Today this number has reached 20 lakh. It is a matter of pride that there are more than 8 lakh girl cadets, our daughters. Today our NCC cadets are playing an important role in disaster management. NCC cadets are also flying their flag in the world of sports. I am proud that NCC is the world’s largest uniformed youth organisation.

    Friends,

    You are going to determine the development of India and the world in the 21st century. The youth of India are not only a force for India, but also a force for global good. Today the world is accepting this. Recently a report has been published in the newspapers. What has been told in it is very important. In the last decade, the youth of India have created 1.5 lakh start-ups and more than 100 unicorns. Today more than 200 big companies of the world are led by people of Indian origin. These companies are contributing millions of crores of rupees to the global GDP, helping to change the lives of crores of people. Indian scientists, Indian researchers, teachers of India are also accelerating the progress of the world. That is, be it any sector, it is difficult to imagine the future of the world without the youth power of India, without the talent of India. And that is why I call all of you a force for global good.

    Friends,

    Be it a person or a country, its strength increases when it overcomes unnecessary obstacles. I am satisfied that in the last 10 years, we have worked to remove all the obstacles that the youth of India faced, whatever they were. This has increased the strength of the youth of India, the strength of the country. In 2014, you would have been 10 or 12 or 14 years old, just ask your family what the situation was earlier, for example, attestation of documents. Earlier, whether it was admission, examination, recruitment, filling any form, one had to get the documents attested by a gazetted officer, and there used to be a lot of running around in this. Our government removed this difficulty of the youth, and trusted you, now you can verify your documents by self-attesting. Earlier, the youth used to face a lot of difficulties in applying for scholarships, getting scholarships. There used to be a lot of manipulation in the scholarship money, the money did not go to the children’s accounts. Now the single window system has eliminated all the old problems. Earlier there was another big problem regarding the selection of subjects. If you took a subject while studying after the board, then it was difficult to change it. Now the new National Education Policy gives you the flexibility to change subjects as per your wish.

    Friends,

    There was a time 10 years ago when young people could not get bank loans easily. Banks used to say that if you want a loan, first give some guarantee. In 2014, when the people of the country gave me the opportunity to serve as the Prime Minister, I said, I will take the guarantee for the youth of my country. We started the Mudra Yojana which gives loans without bank guarantee. Earlier, loans up to Rs 10 lakh were available without guarantee. Now in the third term of the government, we have increased it to 20 lakhs. In 10 years, we have given more than 40 lakh crore rupees under Mudra loan. Lakhs of youth like you have started their business by taking help from this loan.

    Friends,

    Another important issue related to the future of the youth is the electoral system of the country. Just two days ago, we celebrated National Voters’ Day. Many of you have become first-time voters. The purpose of Voters’ Day is that the maximum number of voters should participate and use their right. Today, the world’s biggest elections are held in India, but another aspect of this is that elections keep happening in India every few months. After independence, it used to happen for a long time when Lok Sabha and Assembly elections used to be held simultaneously. But then this pattern broke, the country has suffered a lot due to this. In every election, the voting list is updated, a lot of work is done, and you must have seen that our teachers are often put on duty in this, due to which studies are affected, preparations for exams are affected. Due to frequent elections, there are also difficulties in governance. Therefore, a very important debate is going on in the country these days. Everyone is giving their views on this subject and this deliberation is very necessary in democracy, everyone should express their views, this is necessary, and what is debate – One Nation One Election. Lok Sabha and Assembly elections should be held together, and every 5 years when the time is fixed, it should be held. So, there will be relief from the new works that get stopped in between. 

    Today, I especially request the youth of India, I request the NCC cadets, I request the volunteers of MY Bharat, I request the NSS comrades, wherever we are, we should conduct this debate, take the debate forward, lead the debate, we should participate in this debate in large numbers. This is a subject directly related to your future. Even in a country like America, the date of formation of a new government is fixed, there elections are held every four years. In your own college or school also, the student council elections are completed in one go. Just think, if elections keep happening every month, will it be possible to study in a university or college? Therefore, you should lead the debate on One Nation-One Election; there should be a nationwide discussion so that the country can decide to move in the right direction.

    Friends,

    Today, the world of the 21st century is changing very fast. Today, the demand of time is that we also have to move forward at a very fast pace. All of you, the youth of the country, have a big role in this. In every sector, in every field, whether it is the field of art, research, innovation, you have to create new energy with your innovative ideas, creativity. Another such important field is politics. The youth of our country should come in the field of politics as much as possible, come with new suggestions, come with new energy, come with innovative ideas. This is the need of the country today. That is why I have said from the Red Fort that one lakh youth should come into politics. What is the power of youth, we have also seen this during the Vikas Bharat: Young India Dialogue. Lakhs of youth from across the country have given their invaluable suggestions, expressed their views for the creation of a developed India.

    Friends,

    During the freedom struggle, people of every profession in the country had set their only goal – the freedom of the country, and the youth participated in it with great enthusiasm, made sacrifices, and spent their youth in jails. Similarly, in this Amrit Kaal, we have to keep only one goal – developed India. The criterion of every decision of ours, the criterion of every work, should be a Developed India. And for this, we have to always remember our Panch Pranas. Pancha Prana means – we have to make a developed India, we have to get freedom from every thought of slavery, we have to be proud of our heritage, we have to work for the unity of India, and we have to perform our duties honestly. These Panch Pranas are the ones who give direction to every Indian, they are the inspiration of every Indian. The wonderful cultural performances that you have given now also reflect this. The feeling of one India – the best India is a great strength of the country. The Maha Kumbh that is going on in Prayag these days, there too this reflection of the unity of the country is visible. Therefore, this Maha Kumbh is a Maha Kumbh of unity. This unity is necessary for the progress of the country.

    Friends,

    You also have to always keep your duties in mind. A grand and divine developed India will be built on the foundation of duties.

    Friends,

    Today when I have come amongst you, I am seeing your zeal and enthusiasm, I had written some lines at one time, those lines are coming to my mind today, I had written at one time-

    असंख्य भुजाओं की शक्ति है, हर तरफ देश की भक्ति है

    तुम उठो तिरंगा लहरा दो, भारत के भाग्य को फहरा दो

    कुछ ऐसा नहीं जो कर ना सको, कुछ ऐसा नहीं जो पा ना सको

    तुम उठ जाओ, तुम जुट जाओ

    सामर्थ्य को अपने पहचानो, कर्तव्य को अपने सब जानो !

    Friends,

    Once again, I wish you all the best for your bright future and many thanks to you all. Say it with me-

    Bhaarat maata kee jai.

    Bhaarat maata kee jai.

    Bhaarat maata kee jai.

    Vande Mataram. Vande Mataram.

    Vande Mataram. Vande Mataram.

    Vande Mataram. Vande Mataram.

    Vande Mataram

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: WAVES is a Dynamic Platform that Aligns with Prime Minister Narendra Modi’s Vision of Showcasing and Economically Empowering India’s Creative Talents: Shri Gajendra Singh Shekhawat

    Source: Government of India

    WAVES is a Dynamic Platform that Aligns with Prime Minister Narendra Modi’s Vision of Showcasing and Economically Empowering India’s Creative Talents: Shri Gajendra Singh Shekhawat

    Ministry of I&B Announces Top Awards for Content Creators

    Tourism & Cultural Heritage Promotion Content Challenge also Announced

    Union Ministers Ashwini Vaishnaw and Gajendra Singh Shekhawat Launch WAVES Bazaar

    Posted On: 27 JAN 2025 8:00PM by PIB Delhi

    The Ministry of Information and Broadcasting today marked a significant milestone in the lead-up to the World Audio Visual & Entertainment Summit (WAVES) with the launch of major initiatives at the National Media Centre, New Delhi by Shri Ashwini Vaishnaw, Union Minister of Information & Broadcasting, Railways and Electronics & Information Technology and Sh. Gajendra Singh Shekhawat, Union Minister of Culture & Tourism. Speaking on the occasion, Union Minister of Culture and Tourism, Shri Gajendra Singh Shekhawat, described India as a vibrant crucible of storytellers, musicians, content creators, and religious diversity. “Our cultural heritage is not just a testament to our past but the backbone of our future on the global stage,” Shri Shekhawat stated. To leverage this rich cultural tapestry, the Ministry of Information and Broadcasting has launched WAVES, a dynamic platform that aligns with Prime Minister Narendra Modi’s vision of showcasing and economically empowering India’s creative talents.

    As India progresses in various sectors—economic, social, and technological—our cultural prowess remains our greatest asset. While expressing gratitude to the Ministry of I&B, he said that through WAVES India’s cultural diversity will gain the global recognition it deserves, positioning the cultural creative economy as an integral part of the world’s formal economy. This initiative underscores the pivotal role that WAVES will play in showcasing and enhancing India’s cultural strength, providing a foundation for our creators to earn respect and recognition worldwide.

    Echoing the Prime Minister’s vision, of establishing the World Audio Visual & Entertainment Summit (WAVES) as a summit of global repute, akin to the Davos Economic Forum, the Union Minister of Information and Broadcasting, mentioned that this effort is part of a broader strategy to highlight India’s creative economy, which is rich with tradition, storytelling, and cultural significance—elements of what is globally recognized as the ‘Orange Economy.‘

    “Our rich culture, which once resonated in the halls of the Chicago World’s Fair through Swami Vivekananda, is today being carried forward by our Prime Minister on the global stage, through initiatives like yoga, culture, creativity, and Ayurveda,” stated Sh. Ashwini Vaishnaw. “WAVES is an extension of this effort, aiming to make India the global capital of the creator economy.”, he added.

    The Union Ministers launched WAVES Bazaar, 3 Create in India Challenges, WAVES Awards and also announced one more Challenge. The Union Minister of Information and Broadcasting also announced a new challenge aimed at promoting films that explore India’s rich tourism and cultural heritage. This initiative challenges filmmakers to delve deep into the nation’s vibrant cultural tapestry, showcasing it to both national and international audiences. These challenges aim to foster creativity, innovation, and global participation. Shri Sanjay Jaju, Secretary, Ministry of Information and Broadcasting, Shri Arunish Chawla, Secretary, Ministry of Culture. Indian Filmmaker Shri Shekhar Kapur and Sh. Gaurav Dwivedi, CEO Prasar Bharati were also present at the launch.

    For more details click- https://pib.gov.in/PressReleasePage.aspx?PRID=2096792

    ***

    Sunil Kumar Tiwari

    (Release ID: 2096895) Visitor Counter : 12

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: PRESS RELEASE – Ministry of Customs & Revenue commemorates and celebrates International Customs Day

    Source: Government of Western Samoa

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    The Ministry of Customs & Revenue commenced its week long commemoration of the International Customs Day with a thanksgiving service on Monday, 27th January 2025.

    The International Customs Day (ICD) is an annual event that was initiated by the World Customs Organization in the year 1983, to recognize the important role that Customs play in ensuring border security. This day is celebrated on the 26th day of January every year, the same date of the inauguaration of the Customs Cooperation Council, now known as the World Customs Organization, in the year 1952. A theme is assigned for every year, and this year is on “Customs delivering on its commitment to Efficiency, Security and Prosperity”. The theme highlights on the current Vision and Mission of the Ministry.

    The keynote address was delivered by the Deputy Prime Minister, who is also the Minister for Customs & Revenue, Hon. Tuala Tevaga Iosefo Ponifasio. The Deputy Prime Minister echoed the concerns of the public, members of parliament and those who have shared these concerns, on the growing problems on illicit drugs and weapons, undervaluation of Customs invoices, under-declaration of income and non compliance with requirements of the Tax Invoice Monitoring System (TIMS), among many other issues.

    Furthermore, he reminded the Ministry on the equipment and systems now available for operations that will remove doubt by the public on Customs delivering on its mandate around security. Emphasis was placed by him on the need to utilize the container x-ray scanner to its full capacity. He further re-emphasized on the relevancy of the theme to the work of the Ministry and his challenge put to the CEO, Management and staff of Customs, is to really focus their work, resources and efforts on ensuring “border security”, a critical national concern that needs to be taken seriously.

    The international day for Customs will be celebrated this week with various activities reflecting the theme for this year. The week long program started with an official opening prayer service held at the Customs office this morning. One of the featured program of the opening ceremony is the launch of the Ministry revamped website. The new website has been thoughtfully redesigned on collective efforts with a clear focus on user-friendliness, accessibility, and efficiency.

    There are two new features introduced in the new website. One is the most ground-breaking features of the revamped website is the introduction of the MCR’s AI Technology, CRISA, which stands for Customs and Revenue Information and Support Assistant. Powered by advanced artificial intelligence (AI) and machine learning technologies, CRISA is designed to transform the way you interact with the Ministry. The second feature is that of the duty estimator tool, to assist importers in knowing an estimated cost of duties and taxes on their imports before they arrive in country. Hon. Tuala Tevaga I. Ponifasio acknowledged this work by the Ministry’s IT team. He further stated that this has been one of his deliverable for the Ministry and although it has taken about three years for the Ministry to build, it is a great milestone indeed.

    Thirteen Customs officials, including the Chief Executive Officer of the Ministry, were awarded with Certificates of Merit from the WCO for their service rendered to the International Customs community. The thirteen awardees were selected based on the longevity and quality of their services to the government and people of Samoa as well as the international Customs forum for more that twenty (20) years. The awards were given by Hon. Tuala Tevaga Iosefo Ponifasio with a warm congratulatory remark to each awardee.

    The week long program features a range of activities and includes an awareness session on the Container X-ray Machine and the refresher session on the Ministry’s Identity Framework. The operability of the Container X-ray machine is expected to be at full capacity from this week onwards. A media campaign is also set for this week commencing with interview from the Chief Executive Officer on ICD celebration and its significance to the work of the Ministry, communication relative to the new website and operations of the Xray machine, staff capacity building and wellness programs throughout the week.

    The Ministry takes this opportunity to Wish all Staff of MCR, partners and stakeholders of the Ministry, fellow Customs administrations in the Pacific and around the World a “Happy International Customs Day”

    (End)

    SOURCE – Ministry of Customs and Revenue

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  • MIL-OSI Asia-Pac: JOINT PRESS RELEASE- Agreement between the Government of Samoa and the Government of the People’s Republic of China on Mutual Visa Exemption

    Source: Government of Western Samoa

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    [PRESS RELEASE]- The Government of the Independent State of Samoa and the Government of the People’s Republic of China has reaffirmed its joint commitment and partnership to strengthen relations and cooperation between both countries and to facilitate exchange of visits between citizens of both countries including promotion of people to people linkages and sub-national cooperation.

    An Agreement on Mutual Visa Exemption was signed today (23rd January 2025) between the Chief Executive Officer of the Ministry of the Prime Minister and Cabinet, Mr Agafili Shem Leo and the Chinese Ambassador to Samoa His Excellency Mr Fei Mingxing during the celebration of the Chinese Spring Festival. On conclusion of the signing, the Prime Minister of Samoa, Honourable Fiame Naomi Mataafa delivered a few remarks followed by an Address by His Excellency Ambassador Fei . Both the Hon Prime Minister and Ambassador acknowledged that the visa exemption arrangement would benefit both countries substantially through ease of international travel. It was further recognized that this important development would also align with this year’s 50th Anniversary since the establishment of diplomatic relations between the two countries in 1975.

    The Agreement on Mutual Visa Exemption was one of the discussion issues at the bilateral meeting between the Honorable Prime Minister of Samoa and the President of the People’s Republic of China His Excellency Xi Jinping during the Prime Minister’s official visit to China from 20-28 November last year.

    Aside from the Mutual Visa Exemption, the culmination of the Bilateral Meetings between the Hon Prime Minister and the Chinese Leaders included the signing of the:

    • Economic and Technical Cooperation Agreement

    • MOU on Exchange and Cooperation in the field of Economic Development

    • MOU on Establishing a Working Group on Promoting Unimpeded Trade

    • MOU on the Global Development Initiative

    • MOU on Education Collaboration and Exchanges

    • Handover Certificate for the Fingerprint Testing Laboratory

    The collaborative efforts and cooperation between the Governments of Samoa and China illustrate a shared commitment and mutual trust to strengthen mutually beneficial cooperation.

    The Government of Samoa and the Government of the People’s Republic of China will continue to pursue greater collaboration that will deliver on joint interests and agreed commitments to address key national development priorities that are in line with the Pathway for the Development of Samoa, and for the benefit of our two Peoples.

    CAPTION- An Agreement on Mutual Visa Exemption was signed today (23rd January 2025) between the Chief Executive Officer of the Ministry of the Prime Minister and Cabinet, Mr Agafili Shem Leo and the Chinese Ambassador to Samoa His Excellency Mr Fei Mingxing during the celebration of the Chinese Spring Festival.

    Ministry of Foreign Affairs and Trade.

    Government of Samoa.

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  • MIL-OSI Economics: Asian Development Blog: A Steppe Forward: How to Revive Mongolia’s Grasslands and Fight Climate Change

    Source: Asia Development Bank

    Mongolia’s rangelands occupy 70% of the country’s territory and are vital for climate mitigation through carbon storage. Research highlights the importance of sustainable grazing practices and collective herder management to restore degraded rangelands and maintain their ecological functions.

    Spanning more than 110 million hectares across 70% of Mongolia’s land territory, and renowned as one of the last remaining natural steppe ecosystems, Mongolian rangelands have a crucial role to play in the country’s climate mitigation efforts.

    If well managed,  rangelands can serve as more stable carbon stores than forests, as they are more resilient to environmental stresses such as drought and fire.

    Effective management practices can boost soil carbon stocks by increasing organic matter input or reducing carbon losses. Through photosynthesis, plants absorb CO2 from the atmosphere. As grasses grow, their dry and dead leaves and stems fall to the ground and decompose.

    Roots, which often have more biomass below ground than above, also grow, and some die and decompose each year. Soil microorganisms aid in decomposing organic matter, and carbon from these sources is incorporated into soil carbon stocks.

    Current carbon estimates for rangelands often focus on the topsoil, but a substantial amount of grassland soil carbon is found in deeper subsoil layers.

    When rangelands degrade, soil carbon is released into the atmosphere. Therefore, scientists advise that climate mitigation efforts should focus on protecting this irreplaceable soil carbon as its restoration is difficult once lost.

    In rangeland management science, this is known as a tipping point where changes in vegetation and soil become impossible to reverse.

    Are Mongolian rangelands close to a tipping point? In the past thirty years, the livestock population in Mongolia has tripled, surpassing the rangelands’ carrying capacity by three times. This has resulted in degradation of 65% of rangelands.

    However, due to traditional rotational grazing practices, most of the degraded rangelands have retained their ability to recover.  Research findings confirm that 85% of degraded rangelands maintain their natural regeneration capacity if the level of degradation has not passed the threshold of no recovery.

    Managed carefully in accordance with the seasonal carrying capacity, rangelands can recover and maintain their carbon sequestration and storage capacity for the benefit of the people, the country, and the world’s climate.

    Mongolia’s first rangeland health report in May 2015 found 65% of rangelands were degraded, but 94% could still recover. By 2018, a second report showed the degraded rangelands had decreased to 57%. According to the third report released in 2022, the percentage of heavily degraded rangelands has declined from 10.2% to 6.6%. 

    Researchers attributed this positive trend to a high capacity for recovery of Mongolian rangelands, reduced grazing pressure, and herders’ commitment to improving rotational grazing practices.

    This suggests the key to maintaining rangeland recovery capacity is resting rangelands during critical vegetation growth periods and adjusting livestock numbers based on seasonal productivity.

    Mongolia’s agencies monitor rangelands at thousands of sites nationwide. Collaborating with international researchers, Mongolian scientists have developed tools like Ecological Site Descriptions and State and Transition Models to assess rangeland health. They’ve identified 22 ecological groups based on vegetation, soil, productivity, landscape, and climate, which guide site-specific grazing and stocking plans.

    In cooperation with herder households, the Mongolian National Federation of Pasture User Groups has carried out several pilot projects testing the length of time different rangelands take to reach new recovery classes. Even rangelands that reached a heavy level of degradation are still able to recover if there is more than 10 years of frugal management. 

    The agriculture sector produces 53% of all greenhouse gas emissions, with land use and land management accounting for 34%, according to the latest Biannual Transparency Report.  As the dominant ecosystem in Mongolia, rangelands have a huge role to play in the nation’s emission reduction targets.

    Research trials conducted to rehabilitate heavily degraded rangelands with a range of modern technologies revealed that this is both difficult and costly. The best method is to revitalize traditional rotational grazing and resting practices. This has to be regulated through the collective control of herder households and supported by a legal framework.

    These findings have led to the formation of pasture user groups among herder households that share customary access to the same seasonal rangelands. Group members define the boundaries of their seasonal rotational grazing areas and regulate their use.

    These plans form the basis for establishing rangeland use agreements between the groups and local government, which are the means to enforce and monitor rotational grazing and rangeland-resting plans.

    When rangelands show signs of degradation, herder households move to the next rangeland to let it regenerate. These are known among herders as the “4 Golden Rules”, followed to manage their grazing areas sustainably: do not exceed the carrying capacity of rangelands; do not deplete the regeneration capacity of plants; give plants time to recover; and practice pre-planned and regulated rotational grazing.

    This nature-based solution offers ample opportunities to restore rangelands. Managed carefully in accordance with the seasonal carrying capacity, rangelands can recover and maintain their carbon sequestration and storage capacity for the benefit of the people, the country, and the world’s climate.

    Across the globe, the rangeland ecosystem services are often undervalued, and much larger efforts are required to create awareness. Not only is it a source of livestock feed but also crucial in climate mitigation and adaptation efforts and provision of generic ecosystem services such as absorbing excess rainfall and releasing water gradually during dry periods, stabilizing soil quality to prevent erosion and desertification.

    By integrating these actions into nationally determined contributions, national adaptation plans, and long-term emission strategies, we can strengthen community and ecosystem resilience and build a future ready to face a changing climate.
     

    MIL OSI Economics –

  • MIL-OSI Economics: Bridging the Climate Finance Gap: Unpacking the Global Disparities and Imperatives for Developing Countries

    Source: Asia Development Bank

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    The Asian Development Bank Institute was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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  • MIL-OSI Asia-Pac: ROC (Taiwan) government congratulates Donald Trump and JD Vance on inauguration as 47th president and 50th vice president of United States

    Source: Republic of China Taiwan 3

    ROC (Taiwan) government congratulates Donald Trump and JD Vance on inauguration as 47th president and 50th vice president of United States

    Date：2025-01-21
    Data Source：Department of North American Affairs

    January 21, 2025No. 024Donald John Trump and James David Vance were sworn into office as the 47th president and 50th vice president of the United States, respectively, on January 20. The government of the Republic of China (Taiwan) sincerely congratulates President Trump and Vice President Vance on their inauguration. Building on the friendly and solid relations that exist between Taiwan and the United States, and in accordance with the principles of mutual trust, reciprocity, and mutual benefits, the government of Taiwan looks forward to working with the Trump administration to strengthen the close bilateral partnership in such domains as security, the economy and trade, technology, and education so as to enhance the well-being of both peoples and advance peace, stability, and prosperity across the Indo-Pacific and the world. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Athletics test event on Feb 23

    Source: Hong Kong Information Services

    The 2025 Shenzhen-Hong Kong marathon and the 15th National Games athletics (marathon) test event will be held in Shenzhen and Hong Kong on February 23.

    The Shenzhen Bay Bridge will serve as a link connecting Shenzhen and Hong Kong, with a closed-loop arrangement to be adopted throughout the event.

    To ensure it runs smoothly, the Shenzhen Bay Port’s operating hours will be adjusted as appropriate on the day. Details of the bridge’s closure time and related arrangements for vehicles and traffic will be announced in due course.

    The public and visitors are advised to monitor the relevant announcements and duly arrange their itineraries. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Import of poultry meat and products from areas in Poland and UK suspended

    Source: Hong Kong Government special administrative region

    Import of poultry meat and products from areas in Poland and UK suspended
    Import of poultry meat and products from areas in Poland and UK suspended
    *************************************************************************

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (January 28) that in view of notifications from the World Organisation for Animal Health (WOAH) about outbreaks of highly pathogenic H5N1 avian influenza in Kutno District of ??ódzkie Region in Poland, and in Hambleton District of North Yorkshire County and East Lindsey District of Lincolnshire County in the United Kingdom (UK), the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the above-mentioned areas with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 6 600 tonnes of frozen poultry meat from Poland, and about 910 tonnes of chilled and frozen poultry meat and about 1 340 000 poultry eggs from the UK last year.     “The CFS has contacted the Polish and British authorities over the issues and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreaks. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

     
    Ends/Tuesday, January 28, 2025Issued at HKT 17:15

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    MIL OSI Asia Pacific News –

  • MIL-OSI China: S. Korea’s Go association apologizes over disputed rules

    Source: China State Council Information Office

    South Korea’s Go association on Tuesday apologized over disputed rules that led Chinese Go player Ke Jie to withdraw from the decisive third game of the LG Cup finals last week.

    The Korea Baduk Association (KBA) said in a statement that it apologizes to the Go fans who had high expectations for the Jan. 23 final match between world-class players Ke and South Korea’s Byun Sang-il.

    The winner of the LG Cup, governed by South Korea’s Go rules, was determined in an unprecedented manner due to a violation regarding where to place captured stones.

    The KBA acknowledged that the rules, revised in November, had been pre-notified but said Chinese players may not have had sufficient time to adapt.

    Expressing hope that the incident would not damage trust between South Korea and China, the KBA called for the issues to be resolved smoothly. The association also pledged to hold discussions with Chinese and Japanese Go associations to establish unified rules for the game, known as weiqi in China and baduk in South Korea.

    The controversy erupted during the third game of the finals when Ke was penalized for failing to place a captured stone on the lid of the container. He requested a rematch, which was denied, and then withdrew from the match.

    Ke had also been penalized during the second game for lifting stones without placing them on the container’s lid. He lost that game to Byun.

    According to the revised Go rules of South Korea, if a captured stone is not placed on the lid of the container, the player will receive a warning and a 2-point penalty. Two warnings will lead to a forfeit.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Financial results for nine months ended December 31, 2024

    Source: Hong Kong Government special administrative region

    Financial results for nine months ended December 31, 2024
    Financial results for nine months ended December 31, 2024
    *********************************************************

         The Government announced today (January 28) its financial results for the nine months ended December 31, 2024.           Expenditure and revenue from April to December 2024 amounted to HK$524.2 billion and HK$349.7 billion respectively, resulting in a deficit of HK$70.5 billion after taking into account HK$114.6 billion received from issuance of Government Bonds and repayment of HK$10.6 billion principal on Government Bonds.     　     A Government spokesperson said that the deficit for the period was mainly due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year. The revised estimates for the current financial year will be published along with the 2025-26 Budget.     　     The fiscal reserves stood at HK$664.1 billion as at December 31, 2024.     　     Detailed figures are shown in Tables 1 and 2. TABLE 1. CONSOLIDATED ACCOUNT (Note 1) 

     
    Month endedDecember 31, 2024HK$ million
    Nine months endedDecember 31, 2024HK$ million

    Revenue
    101,403.9
    349,677.1

    Expenditure
    (52,635.2)
    (524,217.4)

     
     
     

    Surplus / (Deficit) before issuance and repayment of Government Bonds
    48,768.7
    (174,540.3)

     
     
     

    Proceeds received from issuance of Government Bonds
    23,934.7
    114,588.2

     
     
     

    Repayment of Government Bonds*
    (38.0)
    (10,555.5)

     
     
     

    Surplus / (Deficit) after issuance and repayment of Government Bonds
    72,665.4
    (70,507.6)

     
     
     

    Financing
     
     

          Domestic
     
     

              Banking Sector (Note 2)
    (72,152.2)
    67,227.5

              Non-Banking Sector
    (513.2)
    3,280.1

          External
    –
    –

     
     
     

    Total
    (72,665.4)
    70,507.6

    * Being repayment of principal on Government Bonds and does not include the associated interest and other expenses.

     Government Debts as at December 31, 2024 (Note 3)    HK$293,210 millionDebts Guaranteed by Government as at December 31, 2024 (Note 4)    HK$132,387 million TABLE 2. FISCAL RESERVES 

     
    Month endedDecember 31, 2024HK$ million
    Nine months endedDecember 31, 2024HK$ million

    Fiscal Reserves at start of period
    591,412.4
    734,585.4

    Consolidated Surplus / (Deficit) afterissuance and repayment of Government Bonds
    72,665.4
    (70,507.6)

     
     
     

    Fiscal Reserves at end of period(Note 5)
    664,077.8
    664,077.8

     Notes:     1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at December 31, 2024, was HK$229,943 million. 2. Includes transactions with the Exchange Fund and resident banks. 3. The Government Debts, with proceeds credited to the Capital Works Reserve Fund, comprise: (i) the Green Bonds (equivalent to HK$203,686 million as at December 31, 2024) issued under the Government Sustainable Bond Programme. They were denominated in US dollars (US$9,950 million with maturity from January 2026 to January 2053), euros (5,330 million euros with maturity from January 2025 to November 2041), Renminbi (RMB39,000 million with maturity from January 2025 to July 2054) and Hong Kong dollars (HK$42,000 million with maturity from May 2025 to October 2026); (ii) the Infrastructure Bonds (equivalent to HK$34,597 million as at December 31, 2024) issued under the Infrastructure Bond Programme. They were denominated in Renminbi (RMB6,000 million with maturity from December 2025 to November 2034) and Hong Kong dollars (HK$28,230 million with maturity from November 2025 to December 2039); and (iii) the Silver Bonds with nominal value of HK$54,927 million (with maturity in October 2027 and may be redeemed before maturity upon request from bond holders) issued under the Infrastructure Bond Programme.       They do not include the outstanding bonds with nominal value of HK$178,169 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,764 million as at December 31, 2024) issued under the Government Bond Programme with proceeds credited to the Bond Fund. Of these bonds under the Government Bond Programme (including Silver Bonds with nominal value of HK$96,669 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$53,357 million will mature within the period from January 2025 to December 2025 and the rest within the period from January 2026 to May 2042. 4. Includes guarantees provided under the SME Loan Guarantee Scheme launched in 2001, the Special Loan Guarantee Scheme launched in 2008, the SME Financing Guarantee Scheme launched in 2012, and the Loan Guarantee Scheme for Cross-boundary Passenger Transport Trade, the Loan Guarantee Scheme for Battery Electric Taxis and the Loan Guarantee Scheme for Travel Sector launched in 2023. 5. Includes HK$249,751 million, being the balance of the Land Fund held in the name of “Future Fund”, for long-term investments up to December 31, 2030. The Future Fund also includes HK$4,800 million, being one-third of the actual surplus in 2015-16 as top-up.

     
    Ends/Tuesday, January 28, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Advance release calendar for monthly financial results

    Source: Hong Kong Government special administrative region

    Advance release calendar for monthly financial results
    Advance release calendar for monthly financial results
    ******************************************************

         The Government of the Hong Kong Special Administrative Region releases a monthly summary of its financial results and debts in compliance with the International Monetary Fund’s Special Data Dissemination Standard.           The timetable for the release of the monthly data for the 2025-26 financial year is as follows: 

    Month
    Release date

    ———-
    —————–

    April 2025
    May 30, 2025

    May 2025
    June 30, 2025

    June 2025
    July 31, 2025

    July 2025
    August 29, 2025

    August 2025
    September 30, 2025

    September 2025
    October 31, 2025

    October 2025
    November 28, 2025

    November 2025
    December 31, 2025

    December 2025
    January 30, 2026

    January 2026
    February 27, 2026

    February 2026
    March 31, 2026

    March 2026 (provisional)
    April 30, 2026

         In addition to press releases, the summary of financial results and debts will also be published on the Treasury’s website (www.try.gov.hk).

     
    Ends/Tuesday, January 28, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CHP announces one new melioidosis case

    Source: Hong Kong Government special administrative region

    CHP announces one new melioidosis case
    CHP announces one new melioidosis case
    **************************************

         The Centre for Health Protection (CHP) of the Department of Health today (January 28) said that one new melioidosis case had been recorded in the past four days (January 24 to 27).     The case involves a 70-year-old male with underlying illnesses who lives in Sham Shui Po. He developed dysuria with difficulty in passing urine on January 21. He attended Caritas Medical Centre the next day and was admitted for treatment. His clinical sample was confirmed to be positive for Burkholderia pseudomallei upon testing.     The CHP is investigating the infection source of the case. Epidemiological investigations are ongoing.      So far, two melioidosis cases have been recorded in Hong Kong this year. In 2024, 23 melioidosis cases were recorded.     A spokesman for the CHP stressed that person-to-person transmission and animal-to-human transmission are rare, but the bacteria causing melioidosis can survive in the local environment. Melioidosis is an endemic disease in Hong Kong and melioidosis cases have been recorded in Hong Kong each year.      According to literature, melioidosis cases are more common after typhoons or rainstorms. The bacterium Burkholderia pseudomallei in soil and muddy water may become exposed to the ground after typhoons or rainstorms, and the bacteria could spread more easily with strong winds or rainstorms. As such, the number of melioidosis cases may increase.     With this in mind, the spokesman reminded members of the public that, where practicable, people should stay indoors during typhoons and rainstorms, avoid travelling to areas with potential flooding, and do not wade in or have contact with muddy water and soil. In addition, high-risk individuals should avoid paths near stormwater drains where aerosols may be generated from contaminated water.     Members of the public should also take the following preventive measures against infection: 

    Avoid contact with contaminated soil;
    Wear appropriate protective clothing or footwear when participating in activities with possible contact with soil or water, e.g. using gloves and wearing boots. High-risk individuals may also consider wearing a surgical mask;
    Wash or shower after exposure to contaminated water or soil;
    Always clean any wounds as soon as possible and cover them with waterproof dressings;
    Wash hands with liquid soap and water after handling soil or gardening;
    Observe food hygiene and avoid drinking raw water; and
    Travellers can contract the disease through outdoor water sports. Risk of infection can be minimised by avoiding exposure to water sources (such as rivers, ponds or lakes) that might be contaminated.

         ​     ​The CHP appealed to members of the public to seek medical advice if they develop symptoms, in particular people with diabetes or other immunocompromising conditions, in order to receive an appropriate medical diagnosis and treatment. For more information on melioidosis, please visit the website of the CHP at www.chp.gov.hk/en/healthtopics/content/24/101110.html.

     
    Ends/Tuesday, January 28, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI: 21Shares Adds to its “Core” Suite of Affordable Crypto Exchange-Traded Products with the Launch of the Solana Core Staking ETP (CSOL)

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, 28 January 2025 – 21Shares AG (“21Shares”), one of the world’s largest issuers of crypto exchange traded products (ETPs), today announced the launch of the 21Shares Solana Core Staking ETP (CSOL) on SIX Swiss Exchange. CSOL joins the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Ethereum Core Staking ETP (ETHC) and the 21Shares Crypto Basket 10 Core ETP (HOLDX) as the fourth addition to the 21Shares’ “core” suite, which offers investors exposure to cutting-edge crypto technologies at exceptionally low fees.

    Exchange Product Name Ticker ISIN Fee
    SIX Swiss Exchange 21Shares Solana Core Staking ETP CSOL CH1385084384 0.35%

    Solana is one of the top blockchain networks powering innovation, and – due to its high-speed and low fees – Solana is expected to reach an all-time high in Total Locked Value (TLV) in 2025, with net inflows of $1.2billion in 2024. With transaction costs less than $0.01 and an average of 2,400 transactions per second, Solana’s performance has led to a noticeable market shift that puts the network front and center in 2025. In addition, Solana has proven itself in the traditional finance ecosystem, evidenced by PayPal’s PYUSD stablecoin processing $13 billion as well as partnerships with Visa and Shopify to enable crypto payments. Further, institutional players like Franklin Templeton and Citibank are adopting Solana, underlining its potential to bridge crypto and traditional finance.1  

    “Launched in 2020, Solana emerged as a clear solution to the outdated technology in the blockchain space. The Solana ecosystem evolved quickly, boasting unparalleled speeds and cost efficiency, making transacting on the network essential,” said Mandy Chiu, Head of Financial Product Development at 21Shares. “21Shares launched the world’s first Solana ETP in 2021. With the launch of CSOL, the firm is continuing to leverage its expertise and track record in crypto, product development savvy and operational excellence in order to provide investors with access to Solana, one of the top growing blockchain networks, at an incredibly affordable cost.”

    With a management fee of 0.35%, CSOL offers innovative and cost-efficient exposure to a leading blockchain shaping the future. 100% physically backed, CSOL also benefits from staking rewards, which are seamlessly generated by adding the yield to the investor’s coin entitlement. By integrating staking rewards into 21Shares ETPs, investors enjoy a potential additional income stream without having to keep their assets locked, enhancing overall returns while maintaining exposure to the respective underlying assets. As of 23 January 2025, the average staking yield for Solana was 6.60%.2

    For more details about the 21Shares Solana Core Staking ETP, including the factsheet, please click here.

    Press Contact

    Audrey Belloff, Head of Global Communications, audrey.belloff@21.co

    About 21Shares

    21Shares is one of the world’s first and largest issuers of crypto exchange traded products. We were founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. In 2018, 21Shares listed the world’s first physically-backed crypto ETP, and we have a six-year track-record of creating crypto exchange-traded funds that are listed on some of the biggest, most-liquid securities exchanges globally. In addition to our six-year track record, 21Shares offers investors best-in-class research and unparalleled client service.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

    ###

    1 Source: 21Shares State of Crypto #13: Market Outlook 2025
    2 Source: Coinbase, as of 23 January 2025

    The MIL Network –

  • MIL-OSI Economics: Development Asia: Simple Interventions, Big Impact: Using Nudges to Promote Handwashing in Sri Lankan Primary Schools

    Source: Asia Development Bank

    The pilot provided proof of concept for school handwashing nudges in Sri Lanka. It demonstrated that nudges can significantly increase handwashing rates, even without behavior change communication.

    A future scale-up of the pilot should explore whether adding nudge elements (e.g., painted “observing eyes” above the handwash area) could help reduce the impact difference between boys and girls.

    Handwashing nudges must be adapted to the context of each school. The number, design, and placement of facilities vary greatly, making a one-size-fits-all approach impractical. Involving local stakeholders in the design process helps optimize this adaptation.

    The timing of nudge installation is crucial to allow sufficient time for habits to take root. Research shows that habit formation can take from a few weeks to several months, depending on the behavior’s complexity and the individual’s context.

    The project showed that three weeks were insufficient for some students to acquire a sustained habit, highlighting the need for extended periods to reinforce new handwashing with soap behaviors.

    Repeated exposure to the nudges and longer sustained practice of handwashing may help solidify these behaviors into lasting habits.

    Behavioral “nudges” should be a key tool for policymakers and program designers. Evidence from Sri Lanka demonstrates that nudges have the potential to drastically improve handwashing with soap in schools. They also require little to no additional time from teachers, unlike traditional hygiene-education methods, which often demand significant human resources to be effective.

    Moving forward, collaboration across sectors will be essential to ensure the effective implementation and expansion of this strategy, driving improvements in both public health and education outcomes.

    The pilot demonstrated the effectiveness of nudges to significantly increase student handwashing rates, contributing to public health in schools and their communities. By fostering these habits in educational settings, this can instill lifelong health practices and create healthier communities. A video of this initiative can be found here.

    [1] The five primary schools in the pilot projects are Baptist Primary School, Biyagama; Dharmadassi Primary School, Biyagama; Kudabuthgamuwa Primary School, Kolonnawa; Wellampitya Primary School, Kolonnawa (Western Province); and Kirindagama Primary School, Kirinda (Southern Province).

    MIL OSI Economics –

  • MIL-OSI China: Chinese celebrate Spring Festival with traditions, travels and shopping spree

    Source: China State Council Information Office 2

    With traditional fairs and shopping and travel booms over this year’s extended holiday, China is about to ring in the Spring Festival of the Year of the Snake, the first since its inclusion into the UNESCO intangible cultural heritage list.
    For Chinese across the world, the Spring Festival is a time for family reunions, festive traditions, holiday shopping and diverse cultural and tourism activities. This year, it falls on Jan. 29 with hundreds of millions of people traveling to reunite with families in the world’s largest annual human migration.
    Celebrations today highlight both traditional and modern elements, from temple fairs, lantern displays, lion dances and intangible cultural heritage bazaars to village galas, light and drone shows, museum exhibitions, and travels at home and abroad.
    This year, festive glee and activities are further boosted by the UNESCO recognition, pro-consumption policies and the extension of the traditional seven-day holiday by an extra day.

    A performance is staged at the Hetou ancient street scenic area in Tangshan, north China’s Hebei Province, Jan. 26, 2025. China is alive with vibrant celebrations with the Spring Festival just around the corner. (Photo by Liu Mancang/Xinhua)
    FAMILY REUNIONS AND TRADITIONAL FESTIVITIES
    For migrant workers like Zhang Changfu, a native of Baise in Guangxi Zhuang Autonomous Region, south China, the Spring Festival offers a rare opportunity for a family reunion.
    “I’ve been working away from home for 20 years, but I return home every Spring Festival,” said Zhang, 41, who works as a machinist in the southwestern metropolis of Chengdu, adding that he is looking forward to taking his family to the local temple fair.
    The temple fair, a panoply of folk performances, local delicacies and traditional handicrafts, is a familiar sight at this time of year. While such activities contain more traditional elements in the countryside, large cities like Beijing and Shanghai have a tradition of holding large-scale fairs.
    For others, like Lin Jia who works in Nanjing, capital of east China’s Jiangsu Province, Spring Festival is the perfect time for a family tour. Lin’s parents and grandmother have traveled from Hunan Province to join her for the holiday.
    Lin plans to take them sightseeing around the city after a New Year’s Eve dinner at a hotpot restaurant. “It’s both a reunion and a mini vacation,” she said.
    This year, many cities are holding more traditional festive activities, motivated by the inscription of the Spring Festival on UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity in December. The southwestern megacity of Chongqing has planned more than 100 intangible cultural heritage exhibitions, bazaars and performances during the holiday.
    “We hope visitors can feel the strong festive ambiance and the special charm of our cultural heritage,” said Tang Mao, the organizer of a cultural heritage bazaar in Chongqing’s bustling Jiefangbei commercial area, where over 40 artisans display traditional crafts like paper-cutting, New Year picture drawing and sugar-figure making.
    HOLIDAY SHOPPING
    For centuries, shopping has been a crucial part of Spring Festival preparations: from nice food to new clothes and carefully chosen gifts.
    Liu Fengmei, a woman in her 70s in Shanghai, traveled over an hour by subway to First Foodhall, a time-honored food store on the iconic Nanjing Road, to stock up on traditional holiday snacks.
    A long queue is seen outside the store, which, like many across the country at this time of the year, is filled with festive decorations and a dazzling array of traditional foods.
    Following the UNESCO recognition, Chinese consumers also appear to be particularly interested in goods with a cultural festival flair.
    Li Gang with the Ministry of Commerce said sales of neo-Chinese-style jewelry and goods featuring intangible cultural heritages have grown by 52.6 percent and 26.6 percent in the month-long online shopping event for the festival initiated by the ministry.
    In recent years, the Spring Festival shopping lists have included more imported goods, reflecting Chinese people’s rising purchasing power and growing appetite for imported quality goods.
    Earlier this month, a cargo ship loaded with 20,000 tonnes of Chilean cherries arrived at the Nansha Port in south China’s Guangzhou, perfectly timed to offer a festive treat for millions ahead of the Spring Festival.
    “Chilean cherries, Australian lobsters and Russian snow crabs … the prices of imported products are quite attractive, so I plan to prepare a New Year’s Eve dinner that blends both Chinese and foreign flavors,” said a customer surnamed Guo at a store of fresh-food chain Freshippo in Beijing.
    Driven by government-subsidized trade-in programs, mobile phones, wearable devices, and green and smart home appliances are also highly sought-after items ahead of the festival, according to the ministry.
    “Spending on New Year’s goods can offer a glimpse into the resilience and vitality of consumption throughout the year,” said Hong Tao, director of the Institute of Business Economics at Beijing Technology and Business University, who expects a new wave of holiday consumption growth.
    Tourists take a selfie at Jiangjunshan Ski Resort in Altay, northwest China’s Xinjiang Uygur Autonomous Region, Jan. 21, 2025. As the Spring Festival approaches, Altay in Xinjiang has ushered in peak tourist season. (Xinhua/Hu Huhu)
    HOLIDAY TRAVEL
    In addition to local festivities, many are venturing farther afield to make the most of the eight-day Spring Festival holiday.
    Fang Xue, a resident of Shanghai, plans to take her parents on a holiday trip to Shantou, a coastal city in Guangdong Province. “Traveling during the Spring Festival has become quite fashionable,” Fang said. “My parents in their 80s are very eager to travel.”
    The extended holiday has given a boost to the travel industry. While tourist cities such as Shanghai, Beijing, Guangzhou, Hangzhou and Chengdu are attracting large numbers of holidaymakers, smaller cities are also getting more travelers who wish to savor celebrations with local flavors, according to Fliggy, a leading online travel agency.
    “Expectations for intangible cultural heritage activities are especially high during the first Spring Festival after the UNESCO recognition,” said Wang Liyang, operations manager at Fliggy.
    Thanks to China’s further easing of visa policies, many Chinese cities are also witnessing an influx of international visitors, with many eager to experience the festival traditions.
    “The UNESCO heritage status gives Spring Festival worldwide recognition and increases its appeal to international tourists,” said Zhou Huijie, an analyst at Trip.com research institute.
    Trip.com Group has estimated that inbound bookings would jump by 203 percent during the Spring Festival, with tourists from the Republic of Korea, Malaysia, Singapore, Japan, the United States, Australia, Thailand and Britain topping the list.
    Lukas Muller from Germany is traveling in northeast China’s Jilin Province for skiing and to experience the Spring Festival.
    “My friends and I will experience Chinese New Year up close, including eating dumplings, putting up spring couplets, setting off fireworks, and many other customs I’m not familiar with yet,” he said, also praising China’s visa-free policy that facilitated his trip.
    Spring Festival serves as the most direct cultural window to understand the Chinese people and it is also a traditional festival with the most Chinese cultural characteristics, said Feng Jicai, a renowned Chinese writer who has long championed intangible cultural heritage protection. 

    MIL OSI China News –

  • MIL-OSI China: Spring Festival: A Chinese tradition with growing global appeal

    Source: China State Council Information Office 2

    Set against a vibrant orange backdrop, a bold green snake rises proudly on a commemorative stamp issued by La Poste Group, France’s postal service, earlier this month to celebrate the Chinese Lunar New Year. 2025 marks the 21st consecutive year France has celebrated the Spring Festival with zodiac-themed stamps.

    Actors perform the lion dance during the Lunar New Year celebration at the United Nations headquarters in New York, Jan. 24, 2025. (Photo by Winston Zhou/Xinhua)
    At the close of 2024, UNESCO added the Spring Festival, social practices of the Chinese people in celebration of traditional new year, to its Representative List of the Intangible Cultural Heritage of Humanity. A year earlier, the 78th UN General Assembly recognized the Chinese New Year as an official UN holiday, underscoring the festival’s growing global presence.
    Spring Festival customs are now celebrated in nearly 200 countries and regions, with almost 20 nations designating it as an official public holiday. Each year, around one-fifth of the global population takes part in this cherished tradition.
    CUSTOMS WITH GLOBAL APPEAL
    Spring Festival’s core customs — celebrating family reunions, wishing for good fortune and creating traditional crafts — captivate cultural enthusiasts worldwide with its unique approach to welcoming the new year.
    In the Hungarian capital of Budapest, the streets of Chinatown bustled with a two-day Spring Festival celebration. Visitors took part in dumpling-making, calligraphy workshops and lantern crafting. This vibrant celebration mirrors a global trend where Spring Festival traditions are increasingly embraced across diverse cultures.
    “It’s amazing to see the performances and learn about traditions that are so different yet so universal,” said Kata Szabo, a local resident who attended the event with her young daughter.

    People watch a demonstration of sugar figure art during a temple fair celebrating the upcoming Chinese Lunar New Year in Budapest, Hungary, on Jan. 18, 2025. (Xinhua/Chen Hao)
    To Giacomo Bechini, a 29-year-old web designer from Florence, Italy, this year’s Spring Festival is more than a holiday: It is an opportunity to connect with his wife’s Chinese heritage and immerse himself in the festival’s traditions.
    His fascination with the Chinese Lunar Calendar, a lunisolar dating system, has deepened his appreciation even further. “It’s incredible how the Spring Festival is tied to a different calendar. I’ve been learning about its symbolic meanings and how the festivities last for days,” Bechini said.
    For Tichaona Zimuto, a 34-year-old professional acrobat from Zimbabwe, Spring Festival traditions have evolved from a simple interest into a meaningful practice. About two weeks ago, Zimuto and his group, Blackstar Acrobatics, captivated a local audience in Harare with a rhythmic lion dance performance during a Spring Festival celebration.
    The lion dance, which originated in ancient China, blends dance, music and martial arts, with performers mimicking a lion’s movements in elaborate costumes. This traditional art has grown on Zimuto over the past year.
    “When I was wearing the lion dance costume, I just felt excited. I just felt great, something special. I just felt like a lion, a real lion,” he said.

    A lion dance performance is staged at the 4th edition of the Chinese New Year cultural festival at the National Arts Center in Mexico City, capital of Mexico, Jan. 25, 2025. (Xinhua/Li Mengxin)
    The Chinese New Year and its rich cultural heritage are also being shared in exciting new ways. Disney California Adventure Park recently launched its 2025 Lunar New Year celebrations, offering a lively blend of Asian cultural performances. Legendary Chinese warrior Mulan and her quick-witted dragon sidekick, Mushu, led the Lunar New Year procession, celebrating family, friendship and the hope for a prosperous year ahead.
    Meanwhile, Saudi Arabia recently hosted a one-of-a-kind Spring Festival Market at the Cultural Palace in Riyadh, which buzzed with energy during its two-day run. The Chinese e-sports zone was a standout attraction, featuring popular titles such as “Black Myth: Wukong” and “Honor of Kings.”
    Prince Faisal bin Bandar bin Sultan Al Saud, president of the Saudi National E-Sports Association, said e-sports are a powerful way to connect young people around the globe.
    “We can create games about Saudi culture and bring them to China and the world,” he said.
    VALUES OF UNIVERSAL RESONANCE
    Beneath its traditional customs, the Chinese New Year carries a universal resonance of hope, family unity and aspirations for a better life — values that underpin its global appeal.
    People believe that celebrating the Chinese New Year will bring them good luck, good fortune and happiness in the new year, said Heoun Thary, a 32-year-old Cambodian housewife.
    She was referring to the recent Lunar New Year festivities in Phnom Penh, which drew hundreds of revelers. Thary noted that the event not only introduced Cambodians to Chinese traditions but also strengthened the bond between the two nations.
    In Tanorn village, 60 km south of Phnom Penh, Cambodian villagers participating in a China-aided poverty alleviation project also embraced the spirit of the Spring Festival. The celebration featured red lanterns and couplets.
    “People believe that celebrating the Chinese New Year can help increase their luck, promoting their business to make more money,” said Khlok Chamroeun, a 62-year-old deputy chief of the village.

    People watch a lion dance performance at the 2025 Chinese New Year Festival and Market Day in Auckland, New Zealand, Jan. 25, 2025. The event was held here on Saturday. (Photo by Wu Jiaxiang/Xinhua)
    In New Zealand, a Year of the Snake concert put together Eastern and Western musical traditions. Musicians from China’s Yijing Chamber Ensemble of the Central Conservatory of Music and the Christchurch Symphony Orchestra performed in Christchurch, blending the pipa, erhu and bamboo flute with classical symphonies. “Music knows no boundaries. The unique qualities of Eastern and Western music can truly resonate with each other,” said Chinese Consul General He Ying.
    This vision of harmony came alive at the United Nations in New York on Friday night. At a Lunar New Year celebration, Miguel Angel Moratinos, UN under-secretary-general and high representative for the United Nations Alliance of Civilizations, delivered Lunar New Year wishes in Chinese, “Chunjie Kuaile (Happy Spring Festival),” in the lobby of the main building at the UN Headquarters.
    “The Lunar New Year marked the beginning of the Year of the Snake, which is associated with characteristics like wisdom, caution and strategy, and signifies transformation and growth,” he said.
    “With the numerous challenges the world is facing, the spirit embodied by the Lunar New Year offers us a beacon of hope and positivity,” Moratinos said.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: 15th National Games athletics (marathon) test event to be held on February 23

    Source: Hong Kong Government special administrative region

    15th National Games athletics (marathon) test event to be held on February 23
    15th National Games athletics (marathon) test event to be held on February 23
    *****************************************************************************

         The 2025 Shenzhen-Hong Kong marathon and the 15th National Games (NG) athletics (marathon) test event will be held in Shenzhen and Hong Kong on February 23 (Sunday) morning. The event is organised by the Shenzhen Municipal People’s Government, and hosted by the Executive Committee for the 15th NG, the 12th National Games for Persons with Disabilities (NGD) and the 9th National Special Olympic Games (NSOG) in Shenzhen and the People’s Government of Nanshan District, Shenzhen, with the support of the National Games Coordination Office (Hong Kong), the Culture, Media, Tourism and Sports Bureau of Shenzhen Municipality, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality, as well as the Guangdong Athletics Association. The Chinese Athletic Association serves as an advisor, while the Hong Kong, China Association of Athletics Affiliates and a Shenzhen agency act as the executive units.     The Shenzhen Bay Bridge will serve as a link connecting Shenzhen and Hong Kong during the event. A closed-loop arrangement will be adopted throughout the event. To ensure the smooth running of the event, operating hours of the Shenzhen Bay Port will be adjusted as appropriate on the event day. The Executive Committee for the 15th NG, the 12th NGD and the 9th NSOG in Shenzhen and the National Games Coordination Office (Hong Kong) will announce later the details of closure time of the Bridge and arrangements for vehicles and traffic.     Members of the public and visitors are advised to pay attention to the relevant announcements and duly arrange their itineraries that day.

     
    Ends/Tuesday, January 28, 2025Issued at HKT 15:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: NBPE Announces December Monthly NAV Estimate

    Source: GlobeNewswire (MIL-OSI)

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

    St Peter Port, Guernsey        28 January 2025

    NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 31 December 2024 monthly NAV estimate.

    NAV Highlights (31 December 2024)

    • NAV per share was $26.91 (£21.49), a total return of (2.2%) in the month
    • Year to date NAV TR of (0.8%) (based on 31 December 2023 final numbers and 31 December 2024 monthly estimate)
    • NBPE expects to receive additional updated Q4 2024 financial information which will be incorporated in the monthly NAV updates in the coming weeks
    • $283 million of available liquidity at 31 December 2024
    As of 31 December 2024 2024 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised    		 (0.8%) (6.1%)
    (2.1%)    		 65.0%
    10.5%    		 160.2%
    10.0%
    MSCI World TR (USD)*
    Annualised    		 19.2% 22.0%
    6.9%    		 73.9%
    11.7%    		 171.9%
    10.5%
    Share price TR (GBP)*
    Annualised    		 (1.1%) (2.3%)
    (0.8%)    		 62.1%
    10.1%    		 231.2%
    12.7%
    FTSE All-Share TR (GBP)*
    Annualised    		 9.5% 18.5%
    5.8%    		 26.5%
    4.8%    		 81.9%
    6.2%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown, measured against the 31 December audited results at the beginning of the period. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 31 December 2024

    NAV performance during the month driven by:

    • 0.8% NAV decrease ($10 million) from the receipt of private company valuation information
    • 0.5% NAV decrease ($6 million) from negative FX movements
    • 0.7% NAV decrease ($9 million) from the value of quoted holdings (which now constitute 6% of portfolio fair value)
    • 0.2% NAV decrease ($3 million) attributable to expense accruals

    Realisations from the portfolio

    • $179 million of realisations received in 2024. Driven by full exits of Cotiviti, Safefleet, Melissa & Doug, FV Hospital and Syniti, partial realisations of Action and Qpark as well as full and partial realisations of quoted holdings and income investments

    $283 million of total liquidity at 31 December 2024

    • $73 million of cash and liquid investments with $210 million of undrawn credit line available

    Four new investments completed in 2024; $104 million invested in 2024 in new and follow-on investments

    • $25 million invested in FDH Aero, a leading parts distributor to the aerospace and defense industry
    • $38 million invested into two U.S. healthcare businesses, Benecon and Zeus
    • $30 million investment in Mariner Wealth Advisors, a financial services firm
    • $11 million of additional new and follow on investments

    Portfolio Valuation

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

    • 7% of the portfolio was valued as of 31 December 2024
      • 6% in public securities
      • 1% in private direct investments
    • 1% of the portfolio was valued as of 30 November 2024
      • 1% in private direct investments
    • 92% of the portfolio was valued as of 30 September 2024
      • 91% in private direct investments
      • 1% in private funds

    For further information, please contact:

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

    Kaso Legg Communications        +44 (0)20 3882 6644

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

    Supplementary Information (as at 31 December 2024)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer 65.6 5.2%
    Osaic 2019 Reverence Capital Financial Services 62.7 4.9%
    Solenis 2021 Platinum Equity Industrials 61.3 4.8%
    BeyondTrust 2018 Francisco Partners Technology / IT 45.6 3.6%
    Branded Cities Network 2017 Shamrock Capital Communications / Media 38.3 3.0%
    Monroe Engineering 2021 AEA Investors Industrials 38.2 3.0%
    Business Services Company* 2017 Not Disclosed Business Services 38.1 3.0%
    GFL (NYSE: GFL) 2018 BC Partners Business Services 35.5 2.8%
    True Potential 2022 Cinven Financial Services 32.1 2.5%
    Staples 2017 Sycamore Partners Business Services 31.6 2.5%
    Kroll 2020 Further Global / Stone Point Financial Services 31.4 2.5%
    Marquee Brands 2014 Neuberger Berman Consumer 31.2 2.5%
    Mariner 2024 Leonard Green & Partners Financial Services 30.0 2.4%
    FDH Aero 2024 Audax Group Industrials 29.1 2.3%
    Fortna 2017 THL Industrials 28.7 2.3%
    Viant 2018 JLL Partners Healthcare 27.2 2.1%
    Stubhub 2020 Neuberger Berman Consumer 26.5 2.1%
    Agiliti 2019 THL Healthcare 25.3 2.0%
    Benecon 2024 TA Associates Healthcare 25.1 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT 24.4 1.9%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT 24.0 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services 23.8 1.9%
    USI 2017 KKR Financial Services 22.2 1.8%
    Auctane 2021 Thoma Bravo Technology / IT 21.9 1.7%
    Excelitas 2022 AEA Investors Industrials 21.9 1.7%
    Qpark 2017 KKR Transportation 21.3 1.7%
    AutoStore (OB.AUTO) 2019 THL Industrials 20.4 1.6%
    CH Guenther 2021 Pritzker Private Capital Consumer 20.2 1.6%
    Renaissance Learning 2018 Francisco Partners Technology / IT 19.7 1.6%
    Bylight 2017 Sagewind Partners Technology / IT 19.5 1.5%
    Total Top 30 Investments                             $942.7 74.4%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 79%
    Europe 20%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 22%
    Consumer / E-commerce 20%
    Industrials / Industrial Technology 17%
    Financial Services 16%
    Business Services 12%
    Healthcare 8%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 10%
    2017 19%
    2018 15%
    2019 12%
    2020 12%
    2021 17%
    2022 5%
    2023 2%
    2024 8%
    Total Portfolio 100%

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

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $508 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm’s leadership in stewardship and sustainable investing is recognized by the PRI based on its consecutive above median reporting assessment results. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of 31 December 2024, unless otherwise noted.

    1Based on net asset value.

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

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

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    The MIL Network –

  • MIL-OSI: Quadient Teams Up with Buzz Bingo to Bring Convenient Parcel Lockers to Bingo Clubs Across the UK

    Source: GlobeNewswire (MIL-OSI)

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announces a partnership with Buzz Bingo to deploy Parcel Pending by Quadient automated lockers in 35 of its 81 bingo clubs across the UK, with plans for further installations in the future. This collaboration enhances parcel collection, delivery, and return convenience while improving the customer experience at Buzz Bingo locations.

    Buzz Bingo is the UK’s largest bingo operator, managing high street clubs nationwide. These clubs foster a vibrant community where friends and family come together, making them an ideal setting to introduce convenient and secure parcel services. Quadient is a rapidly growing network of intelligent lockers accepting deliveries and returns from major carriers such as Royal Mail, DPD, Evri, and UPS. The lockers also support innovative services such as convenient key drop-offs with Keynest.

    Katia Bourgeais Crémel, Director, Lockers Automation for Europe at Quadient, said: “We’re thrilled to bring our intelligent lockers to Buzz Bingo clubs, offering a secure and user-friendly solution for parcel collection. This collaboration enhances the experience for Buzz Bingo members, encourages more visitors, and supports sustainable last-mile delivery solutions. By making parcel delivery more accessible, we are also strengthening connections within local communities and look forward to seeing how this partnership evolves. This is another successful step forward in the expansion of our open locker network across the UK, as we continue to seek new partnerships to provide safe and convenient parcel collection and drop-off solutions to everyone.”

    Quadient continues to expand its locker network across key markets in the United States, Japan, and Europe. With more than 25,000 units now installed worldwide, the company is steadily progressing toward its long-term goal of deploying 40,000 units globally by 2030. Learn more at parcelpending.com.

    About Quadient®
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit www.quadient.com.

    Contacts

    Sandy Armstrong, Sterling Kilgore Joe Scolaro, Quadient         
    Director of Media & Communications Global Press Relations Manager
    +1-630-699-8979 +1 203-301-3673
    sarmstrong@sterlingkilgore.com j.scolaro@quadient.com
       

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    The MIL Network –

  • MIL-OSI Economics: Samsung Integrates EMBIBE’s AI-Powered Learning Platform into the Samsung Education Hub App for Smart TVs & Smart Monitors

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, has partnered with EMBIBE, an AI-powered personalised learning outcomes platform, to integrate it into the Samsung Education Hub app, a designed-for-TV education app. The collaboration will help TVs become effective educational tools providing personalised learning experiences for students.
     
    Through this partnership, EMBIBE, as part of the Samsung Education Hub app, will offer extensive educational coverage, supporting all major curricula, including CBSE, ICSE, IB, Cambridge, all State Boards and major entrance exams such as IIT JEE and NEET. Students will benefit from a large collection of award-winning, immersive 3D explainer videos, designed to make even the most complex topics easier to understand and more engaging to learn.
     
    “The Samsung Education Hub app aims to expand the role of TVs in homes, transforming them from mere entertainment hubs to a seamless platform for online learning. This innovative ‘designed-for-TV’ education app is set to revolutionise the online learning experience, making it engaging and accessible to all. Our vision is to create a future where education knows no boundaries and knowledge is within easy reach at the click of a button,” said Viplesh Dang, Senior Director, Visual Display Business, Samsung India.
     
    “Our partnership with Samsung TV marks a significant leap in delivering a truly personal, engaging, learning experience through one of the most trusted and loved mediums. Samsung has partnered with EMBIBE because we’ve solved two critical challenges: creating stunning interactive, multi-modal content and delivering it through a deeply personalized experience powered by AI. The synergy between Samsung’s innovation and EMBIBE’s expertise in edtech is a powerful combination that sets a new standard for educational excellence, creating a transformative learning experience for everyone,” said Aditi Avasthi, Founder & CEO at EMBIBE.
     
    At the heart of EMBIBE’s offering is its personalised, AI-driven adaptive practice, which adjusts to each student’s learning level. Through the Samsung Education Hub, students will be able to access EMBIBE’s video-based learning resources and also its AI-powered adaptive practice in English, Hindi and 10 major regional languages, backed by over 10 years of educational engagement data of more than two crore students. They can choose from 54,000 practice tests and use personalised score-improvement features that will provide useful insights for improvement. In addition, students can avail Samsung’s exclusive discount of a flat 50% on EMBIBE annual subscription purchased on TV.
     
    EMBIBE content will be available on all 2024 Samsung TVs and smart monitors and will be gradually made available on earlier models. Existing subscribers of EMBIBE, who own Samsung TVs will have seamless login and access to this rich educational content, along with Samsung TV users who wish to subscribe to the platform. Earlier this year, Samsung had teamed up with the leading ed-tech platform, Physics Wallah for Samsung Education Hub on 2023 & 2024 Samsung TVs.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Hong Kong Customs combats unfair trade practices at pre-sale game card company

    Source: Hong Kong Government special administrative region

         Hong Kong Customs yesterday (January 27) arrested a sole director and a person-in-charge of a trading company suspected of engaging in wrongly accepting payments when selling game cards, in contravention of the Trade Descriptions Ordinance (TDO).

         Customs earlier received a number of reports alleging that a trading company, when selling game cards, had failed to supply the ordered goods within the specified date or a reasonable period after accepting payments from customers.  Also, no refund was offered.  The total amount involved in the case is approximately $450,000, with the largest individual case amounting to around $65,000.

         After an investigation, Customs officers arrested a female sole director, aged 30, and a 31-year-old man-in-charge of the company. 

         The investigation is ongoing. The two arrestees are released on bail pending further investigation.

         Customs has long been concerned about illegal activities involving pre-sold products and strived to combat unfair trade practices to protect consumer interests.

         Under the TDO, it is an offence for a trader to accept payments for a product if at the time of accepting the payments, he does not intend to supply it or intends to supply another materially different product, or if there are no reasonable grounds for believing that he will be able to supply the product within a specified or reasonable time. The maximum penalty upon conviction is a fine of $500,000 and imprisonment of five years.

         Customs reminded traders to comply with the requirements of the TDO. Traders should not accept advance payments from consumers if they are uncertain whether the pertinent goods or services can be delivered to consumers within a specified or reasonable time. Before buying a popular product, consumers should pay attention to its supply quantity and supply period, including the announcement made by the brand owners for reference. Also, they should make orders through reputable traders. After purchasing the products, consumers should keep the transaction documents, such as records of communication, receipts of payment, etc., as the basis of a potential complaint in the future.

         â€‹Members of the public may report any suspected violations of the TDO to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News –