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Category: Asia

  • MIL-OSI Asia-Pac: BharatNet: Bridging the Digital Divide

    Source: Government of India

    BharatNet: Bridging the Digital Divide

    From Remote Villages to Smart Communities

    Posted On: 21 DEC 2024 9:55AM by PIB Delhi

    Introduction to BharatNet

     

    In a world increasingly driven by digital innovation, internet connectivity has become a cornerstone for economic growth, education, healthcare, and governance. Digital divide was significant challenge, especially in rural India, and to address this, the government of India launched BharatNet in October 2011, an ambitious project aimed at providing affordable high-speed internet access to every Gram Panchayat in the country. This initiative, under the Ministry of Communications, seeks to empower rural India, fostering inclusive growth and bridging the gap between urban and rural communities. BharatNet is not merely an infrastructure project; it is the backbone of India’s journey towards a truly digital nation.

    Amended BharatNet 2023

     

    In August 2023, the government approved the Amended BharatNet Program (ABP). The program provides for internet access by Optical Fibre (OF) connectivity to 2.64 lakh GPs in ring topology and also to provide OF connectivity to the remaining non-GP villages (approx. 3.8 lakhs) on demand basis. The design improvement, at a cost of Rs. 1,39,579 crores, in ABP is aiming at:

    • Optical fiber connectivity from Block to GP in Ring topology
    • IP- MPLS network with Routers at Blocks and GPs
    • Provision of optical fiber connectivity to non-GP villages on demand basis
    • Provision for Operation and maintenance for 10 years, including monitoring of network uptime through Centralized Network Operating Centre (CNOC) and payment to Project Implementation Agency (PIA) as per Service Level Agreement (SLA)
    • Provision of Power backup of adequate level at GPs and Blocks
    • Provision of Remote Fibre Monitoring System (RFMS) at Block for fibre monitoring

     

    Digital Bharat Nidhi: Funding BharatNet

     

    Digital Bharat Nidhi (DBN) is a fund that aims to improve the quality and accessibility of telecommunications services in India. It was established by the government of India as a replacement for the Universal Service Obligation Fund (USOF). The DBN’s goals are to:

    • Provide affordable and high-quality mobile and digital services in rural and remote areas
    • Ensure equitable access to knowledge and information
    • Promote economic growth by increasing digital connectivity and services
    • Narrow the digital divide and remove barriers to access

    Working of BharatNet

     

    BharatNet operates as the world’s largest rural broadband connectivity program. The project is being executed by a Special Purpose Vehicle (SPV) namely Bharat Broadband Network Limited (BBNL), which has been incorporated on 25.02.2012. On 30.04.2016, the Telecom Commission approved to implement the project in three phases:

    1. Phase I: Focused on laying optical fiber cables to connect 1 lakh Gram Panchayats by utilizing existing infrastructure. Completed in December 2017, this phase established the foundational network.
    2. Phase II: Expanded the coverage to an additional 1.5 lakh Gram Panchayats using optical fiber, radio, and satellite technologies. This phase incorporated collaborative efforts with state governments and private entities.
    3. Phase III: Aims at future-proofing the network by integrating 5G technologies, increasing bandwidth capacity, and ensuring robust last-mile connectivity. This phase is ongoing, with a focus on improving accessibility and reliability.

    The network’s core relies on optical fiber cables, satellite links for remote regions, and wireless technologies for last-mile connectivity. Implemented under the Universal Service Obligation Fund (USOF), BharatNet adopts a Public-Private Partnership (PPP) model to ensure efficient execution and maintenance.

     

    Impact of BharatNet

     

    BharatNet has had a transformative impact on rural India, contributing to socioeconomic development in multiple ways:

    1. Digital Inclusion: The project has connected remote villages to high-speed internet, enabling access to e-governance services, online education, and telemedicine. Initiatives like the Digital India program thrive on BharatNet’s infrastructure.
    2. Economic Opportunities: With internet access, rural communities can participate in digital commerce, access financial services, and explore entrepreneurial opportunities. This has significantly boosted income generation in underserved areas.
    3. Education and Healthcare: BharatNet has enabled digital classrooms and telehealth services, bridging the resource gap in rural areas. Students and patients now have access to quality education and medical expertise from urban centers.
    4. Empowering Local Governance: Gram Panchayats use BharatNet to implement e-governance projects, improving transparency, efficiency, and citizen engagement in public services.

     

    Key Achievements and Milestones

    Internet Inclusivity in India

    Internet access is available in the country including rural areas through the Telecom Service Providers (TSPs) through wireless mobile and fixed wireline broadband. Government has taken numerous initiatives to enhance internet connectivity in India through mobile connectivity and optical fiber rollout. As a result, as of October, 2024:

    • Number of 4G Base Transceiver Station (BTS) have reached 24,96,644, spread across 783 districts.
    • India has seen the fastest rollout of 5G services in the world with 4,62,084 BTS deployed across 779 districts.
    • The cost of data has reduced drastically from Rs 269 per GB (in March 2014) to Rs. 9.08 per GB.
    • The Median mobile broadband speed has increased from 1.30 Mbps in March 2014 to 95.67 Mbps.
    • The average wireless usage of data per subscriber has increased to 22.24 GB per subscriber per month.
    • Out of 6,44,131 villages, 6,15,836 number of villages are having 4G mobile connectivity in the country.

     

    Conclusion

     

    BharatNet holds the promise of transforming rural India into a digitally empowered society. By addressing these challenges and maintaining its momentum, the initiative can pave the way for a more inclusive and connected future. BharatNet is more than an infrastructure project; it is a lifeline for millions of rural Indians aspiring to connect with opportunities beyond their immediate surroundings. With robust execution and sustained efforts, BharatNet will continue to bridge the digital divide and empower every corner of India with the transformative power of the internet.

     

    References

    https://sansad.in/getFile/loksabhaquestions/annex/183/AS329_R1XIRX.pdf?source=pqals

    https://usof.gov.in/en/usof-dashboard

    https://usof.gov.in/en/home

    https://pib.gov.in/PressNoteDetails.aspx?NoteId=151993&ModuleId=3&reg=3&lang=1

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2077908

    https://usof.gov.in/en/bharatnet-project

    https://bbnl.nic.in/

    BharatNet: Bridging the Digital Divide

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    Santosh Kumar/ Sarla Meena/ Rishita Aggarwal

    (Release ID: 2086701) Visitor Counter : 129

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Prime Minister urges everyone to discover the pristine White Rann, to explore the spectacular culture and warm hospitality of Kutch during the ongoing Rann Utsav

    Source: Government of India (2)

    Posted On: 21 DEC 2024 10:08AM by PIB Delhi

    Prime Minister Shri Narendra Modi  has invited everyone to Rann Utsav, which will go on till March 2025.  Prime Minister Shri Modi underscored that the festival promises to be an unforgettable experience.

    In a post on X, he wrote:

    “Kutch awaits you all! 

    Come, discover the pristine White Rann, the spectacular culture and warm hospitality of Kutch during the ongoing Rann Utsav. 

    The festival, which goes on till March 2025 promises to be an unforgettable experience for you and your family.”
     

     

    “कच्छ की परंपरा, संस्कृति और विरासत का प्रतीक रण उत्सव हर किसी का मन मोह लेने वाला है। अद्भुत क्राफ्ट बाजार हो, सांस्कृतिक कार्यक्रम या फिर खान-पान की परंपरा, यहां का आपका हर अनुभव अविस्मरणीय बन जाएगा। आप सभी से मेरा आग्रह है कि एक बार अपने परिवार के साथ इस रण उत्सव में जरूर आएं।”

     

     

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    MJPS/VJ

    (Release ID: 2086702) Visitor Counter : 68

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Prime Minister’s Departure statement ahead of his visit to Kuwait

    Source: Government of India

    Posted On: 21 DEC 2024 9:21AM by PIB Delhi

    Today, I am embarking on a two-day visit to Kuwait at the invitation of His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of the State of Kuwait.

    We deeply value the historical connection with Kuwait that has been nurtured over generations. We are not just strong trade and energy partners, but also have shared interest in peace, security, stability and prosperity in the West Asia region.

    I look forward to my meetings with His Highness the Amir, the Crown Prince and the Prime Minister of Kuwait. It would be an opportunity to chalk out a roadmap for a futuristic partnership for the benefit of our people and the region. 

    I eagerly look forward to meeting the Indian diaspora in Kuwait who have immensely contributed to strengthening of bonds of friendship between the two nations.

    ​I express my gratitude to the leadership of Kuwait for the special gesture of inviting me to the inauguration ceremony of the Arabian Gulf Cup, a premier sporting event in the Gulf region. I look forward to being a part of this celebration of athletic excellence and regional unity.

    I am confident that this visit will further strengthen and reinforce the special ties and bonds of friendship between the people of India and Kuwait.

     

    ***

    MJPS/VJ

    (Release ID: 2086698) Visitor Counter : 106

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Information and Broadcasting Secretary Sanjay Jaju reviews the construction of Western regional campus of IIMC in Amravati – Gives instructions to CPWD for completing the process of the construction of the Campus infrastructure in a time bound manner

    Source: Government of India (2)

    Posted On: 22 DEC 2024 8:07PM by PIB Mumbai

     

    Nagpur/Amravati 22 Dec 2024

    The Information and Broadcasting Secretary Sh. Sanjay Jaju today appealed to contractors from across the country and Vidarbha region in particular, to take initiative and participate in the bidding process for the construction of the infrastructure of western region campus of Indian Institute of Mass Communication (IIMC) at Amravati.  Sh. Jaju took a review of the construction status of IIMC Amravati campus from   the officials of Central Public Works Department-CPWD and also held a meeting with the heads of the offices of Akashvani, Doordarshan, Press Information Bureau and Central Bureau of Communication under the Ministry of Information and Broadcasting in Nagpur today. He specifically gives instructions to the CPWD officials for speeding up the tendering process   in order to complete this institute which will be instrumental in imparting world class education in the field of mass communication to the students in this region.

    Situated in the western Vidarbha region of Maharashtra and established in 2012, IIMC Amravati is an apex institution in the field of media and communication and it is a deemed university under the Ministry of Education and an autonomous body under the Ministry of Information and Broadcasting. It is being constructed by the Ministry of Information and Broadcasting with a budgetary provision of 90 crore rupees in Badnera town of Amravati district at about 15 acres of land.

    Secretary Sh. Jaju while giving more information about the construction of this campus said, the tenders are being invited on the CPWD website etender.cpwd.gov.in and the last date for submitting tenders is   27 of this month.  He also expressed hope that the construction of some of the educational facilities in IIMC Amravati would be completed by the academic year 2026-27.

    This new educational complex will include administrative and academic buildings, hostels for students, staff quarters as well as an auditorium with 200 seat capacity.    

    IIMC has five Regional Centres across the country that offer Journalism courses in English, Hindi and in the local languages. Amravati in Maharashtra Dhenkanal in Odisha, Aizawl in Mizoram, Jamm in Jammu and Kashmir and Kottayam in Kerala currently cumulatively run the Post-Graduate courses in Journalism.

    Deputy Director General of Akashvani Nagpur Ramesh Gharde, Chief Engineer of the Central Public Works Department-CPWDSh Pradeep Dixit,Regional Director of IIMC Amravati Dr. Rajesh Kushwaha and other officials were present in this review meeting.

    ***

    DW/DD/PK

     

    Follow us on social media:  @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com

    (Release ID: 2087109) Visitor Counter : 57

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Africa Investment Forum 2024 Market Days highlights Japan’s Role in Africa’s agricultural and energy revolution

    Source: African Development Bank Group

    African Development Bank President Dr. Akinwumi Adesina painted a compelling picture of the potential of Africa’s agricultural and energy transition during a plenary session at the Africa Investment Forum 2024 Market Days, highlighting the deepening Japan-Africa partnership, emphasizing how Japanese technology and innovation could help unlock them.

    He spoke on 9 December as part of two panel discussions on Africa’s agriculture and energy transition, that brought together 100 Japanese investors, showcased how digital solutions , innovative technologies and business models are transforming Africa’s business  landscape.

    “Agriculture is the place to be,” declared Dr. Adesina, highlighting Africa’s possession of 65% of the world’s remaining arable land. “You may like oil and gas, that’s fine. But nobody drinks oil, and nobody smokes gas. But everybody eats food three times a day.” With the global food and agricultural market in Africa projected to reach $1 trillion by 2030, the continent presents unprecedented opportunities for investment and innovation.

    Digital Revolution in Agriculture

    Space Shift Inc. demonstrated their groundbreaking use of satellite technology for crop monitoring in Nigeria. Chief Business Officer Tamao Tada presented how their AI-powered system combines optical and radar satellite data to provide continuous monitoring of crop growth, harvest timing predictions, and historical farming activity records – even through cloud cover. This technology is enhancing credit scoring for farmers and improving agricultural decision-making.

    AAIC Partners Africa Limited, through Director Hiroki Ishida, shared their success story in Rwanda and Tanzania, where they’ve implemented smart agriculture projects covering 1,700 hectares. Their work demonstrates how Japanese technology can transform large-scale agricultural operations in Africa through IoT solutions and satellite technology optimization.

    VunaPay’s COO, Koya Matsuno, addressed one of agriculture’s most pressing challenges through their digital platform that enables instant payments to farmers upon produce delivery. “Imagine working hard for a month and your boss tells you that you’re not going to get paid for another six months,” Matsuno illustrated, highlighting how their solution is transforming agricultural finance.

    Green Carbon Inc.’s Manager, Ryo Harada, introduced innovative approaches to generating carbon credits in agriculture. Their projects, including biochar and alternate wetting and drying (AWD) in rice fields, can reduce methane emissions by 30-50% while generating valuable carbon credits for farmers.

    Strategic Partnership Framework

    The Japan International Cooperation Agency (JICA), represented by Jin Wakabayashi, Deputy Director General for Private Sector Investment Finance, outlined their comprehensive support for agricultural development, emphasizing three key pillars for private finance window: Climate-resilient agriculture; Food security enhancement and financial inclusion facilitation.

    The African Development Bank’s Director of Private Sector Operations, Richard Ofori-Mante, highlighted successful collaborations with Japanese institutions, including a $600 million of the Enhanced Private Sector Assistance for Africa (EPSA) facility with JICA and ongoing partnerships with major Japanese corporations like Mitsubishi.

    “What I see here is what Executive Director Nomoto and I envisioned,” reflected Dr. Adesina, describing the creation of a comprehensive ecosystem supporting Japanese investment in African agriculture. This ecosystem spans agricultural technology and innovation; infrastructure development; financial services; private equity and venture capital and government support mechanisms.

    The Bank’s collaboration with MasterCard on the Community Pass program, aiming to provide 100 million African farmers with digital access to financial services and agricultural information, exemplifies this ecosystem approach.

    Green Transition and Digital Solutions

    Uncovered Fund specializes in supporting start-ups in Africa, including climate technology company and electric vehicle (EV) battery service provider, through their funds to support net zero in the continent. “Not just financing, the Uncovered Fund also provides Japanese technology to the start-ups”, explained Mr. Takuma Terakubo, CEO & General Partner.

    Hitachi Energy is also working towards clean energy transition and carbon neutral. Through its technologies and partnerships, Hitachi is implementing infrastructure projects which deliver reliable renewable energy to cities and rural areas, contributing to electrification of Africa. Mr. Bekim Tahiri, Executive & Global Sales Manager, emphasizes the importance of digitalization to make all the information visible to identify any issues to maintain their power supply and critically of investing into the Electrical Grid to successfully integrate clean energy whilst supporting access to power for the African continent.

    Mizuho, one of the global systemically important banks, has been a bridge between Africa and Asia through strong partnerships with African financial institutions. In his presentation, Mr. Junaid Belo-Osagie, Executive Director, focused on two sectors: hydrogen and clean cooking. “In terms of clean cooking, four in five Africans are exposed to harmful gases, and only 4 billion USD are required to move towards clean cooking scenario”, he added.

    The mission of the Japan Organization for Metals and Energy Security (JOGMEC) is to ensure a stable and affordable supply of energy and mineral resources. Ms. Yuri Uchida, Deputy General Manager of JOGMEC, underscored that in terms of hydrogen and ammonia sector, JOGMEC has a support system that focuses on the price gap, where they try to promote low-carbon hydrogen society.

    Nippon Export and Investment Insurance’s (NEXI) business in Africa has been growing in the past 20 years at an annual growth rate of 18%. Mr. Yuichiro Akita, General Manager, illustrated several cases including two wind power projects in Egypt and one solar power project in Kenya, where they underwrote insurances to facilitate green energy transition. “We have projects pipeline worth 5 billion USD in the coming years”, Mr. Akita emphasized.

    Catalyzing Action

    Ken Shibusawa, Vice-chairperson of Africa Project Team, Keizai Doyukai (Japan Association of Corporate Executives), brought urgency to the discussions. Moderator of the second session, he challenged his Japanese peers to move from interest to action, emphasizing that beyond the commonly discussed “cost of inaction” in sustainability, there was another critical cost: Japan’s missed opportunities in Africa. “In Japan, we have the technology, we have the people, we have the money, but what we lack is the Action,” Shibusawa noted, urging Japanese businesses to realize the cost they’re paying for future generations by not acting in Africa.

    Japan’s Long-term Commitment to Africa

    In closing remarks, Deputy Vice Minister of Finance of Japan, Daiho Fujii, underscored Japan’s long-standing commitment to African development, dating back to the country’s first participation in the African Development Fund in 1973. He highlighted Japan’s pioneering role in private sector mobilization, notably through the establishment of the EPSA at the Bank in 2006, which has provided around $9 billion to date.

    “Africa undoubtedly has huge potential to attain high growth, create jobs and build a solid economic structure for future generations,” Fujii emphasized. He particularly noted how the day’s focus on agricultural innovation and green growth addresses critical development challenges while respecting African ownership of its development path.

    The Deputy Vice Minister stressed that “it is time for us to co-create innovative solutions together with Africa,” highlighting how Japanese solutions and innovative business models presented during the session could be “real game-changers” in addressing the continent’s challenges and unleashing its potential.

    Looking ahead to TICAD 9

    With Japan’s upcoming Tokyo International Conference on African Development (TICAD 9), set to take place in Yokohama in August 2025, and the African Development Fund’s 17th replenishment negotiations on the horizon, the partnership between Japan and Africa in agricultural innovation and green growth is poised for further expansion. This momentum is evidenced by Executive Director Takaaki Nomoto’s successful mobilization of 100 Japanese participants for the Forum, up from 80 investors last year.

    Looking toward TICAD 9, Deputy Vice Minister Fujii reaffirmed Japan’s commitment: “Japan respects African ownership and will continue to encourage sustainable development driven by Africa… I believe if we work together, we can see an Africa where all people enjoy healthy and productive lives.”

    The convergence of Japanese technology, investment, and Africa’s agricultural and energy transition potentials is creating unprecedented opportunities for sustainable development and food and energy security, marking a new chapter in Japan-Africa relations.

    MIL OSI Economics –

  • MIL-OSI China: China issues decision on countermeasures on Canadian institutions, personnel

    Source: China State Council Information Office

    Chinese Foreign Ministry has issued a decision to take countermeasures against certain Canadian institutions and personnel.

    The decision was issued on Dec. 21, 2024 as a decree of the Ministry of Foreign Affairs of the People’s Republic of China No. 15, effective as of the same date.

    In accordance with Articles 3, 4, 5, 6, 9 and 15 of the Law of the People’s Republic of China on Countering Foreign Sanctions, China has decided to take countermeasures against certain Canadian institutions and personnel, according to the decree.

    The movable and immovable properties, and other kinds of assets within China, belonging to the “Uyghur Rights Advocacy Project” and “Canada-Tibet Committee” are to be frozen, and all organizations and individuals within China will be prohibited from engaging in transactions, cooperation and other activities with them.

    In addition, relevant personnel of the “Uyghur Rights Advocacy Project” and “Canada-Tibet Committee” will have their movable and immovable properties, and other kinds of assets within China, frozen. All organizations and individuals within China shall be prohibited from engaging in transaction, cooperation and other activities with them. They shall be denied visas or entry into China (including Hong Kong and Macao).

    MIL OSI China News –

  • MIL-OSI China: Winter tourism, sports hit peak stride nationwide

    Source: China State Council Information Office

    Tourists enjoy a ride on an ice slide at the Harbin Ice and Snow World on Saturday. [Photo/Xinhua]

    Winter tourism and sports continue to heat up in China, with temperatures in the north having dropped to the freezing point or below, while some overseas ice and snow destinations are also enjoying the spillover from Chinese people’s strong demand for winter activities.

    Some online travel agencies have given encouraging reports, showing that winter tourism products have seen more bookings as frostier weather settles in. The travel portal Trip.com Group said that winter tourism bookings began to increase in late November, with searches for such tours remaining popular on the platform this month.

    Li Shengwen, a manager at travel portal Tuniu, said she noticed that bookings for winter sports such as skiing and ice-skating have witnessed rapid growth since late October, and that demand for these products has been especially high in December.

    Traditional domestic winter tourism destinations such as Harbin, in Northeast China’s Heilongjiang province, and Northwest China’s Xinjiang Uygur autonomous region are top choices for travelers for their fairy tale-like snow views and good facilities for skiing enthusiasts, according to travel agencies.

    Last week, China Railway Shenyang Group operated its first special winter tourism train of the year. About 210 travelers from the nation’s eastern and southern provinces will experience snow scenery during their nine-day train trip, which began in Shenyang, the capital of Northeast China’s Liaoning province.

    Experts and industry insiders said that travelers, especially young people, are increasingly interested in winter sports, in addition to appreciating views of ice and snow, thanks to the public’s growing awareness of winter sports since the 2022 Beijing Winter Olympics.

    Ma Rui, a marketing director of Wu Shang Bonski, a company that operates ski domes and offers ski training and education, has noticed that some indoor ski facilities in central and southern provinces with milder climates — such as Hubei and Guangdong — have experienced brisk business in recent months.

    “The colder the weather, the stronger the desire that people have for skiing,” she said, adding that people living in southern or central provinces, places that don’t often get snow due to their milder climates, also want to enjoy winter activities, but might not be willing to travel a long distance to winter tourism destinations.

    “Under such circumstances, some travelers or winter sports fans choose to experience skiing at indoor domes, which is convenient and provides stable running ski tracks in all seasons,” she said.

    Some overseas winter tourism destinations and travel products have also seen increasing searches and bookings at Chinese travel portals, as many travelers seek diversified winter tourism or sports experiences.

    Qi Chunguang, vice-president of Tuniu, said that while northeastern provinces remain the most sought-after winter tourism destinations for Chinese travelers, overseas winter destinations like Japan’s Hokkaido have also gained popularity on the platform because of quality ski resorts and hot springs and, in the case of Hokkaido, exotic Japanese cultural vibes.

    He said that winter tour products for travel to Nordic countries and for cruise trips to Antarctica during the coming Spring Festival holiday — which begins in late January — have been sold out on the platform.

    Qi also noticed that more travelers have begun to try winter sports events like skiing or ice-skating during sightseeing trips.

    “About half of current winter tourism bookings by our users to northeastern provinces for the Spring Festival holiday… include skiing,” he said, adding that people between the ages of 26 and 35 are the major consumers of skiing-related products at the platform.

    China has made continuous efforts to invigorate the winter economy. Under a recent guideline by the State Council, China’s Cabinet, the nation will generate a new growth point in the winter economy by integrating the development of winter sports, winter tourism and winter gear and facilities. The nation is aiming for its winter economy to reach 1.2 trillion yuan ($164.5 billion) by 2027 and 1.5 trillion yuan by 2030.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Situation of two months after adaptation period of regulation on disposable plastic products

    Source: Hong Kong Government special administrative region

    Situation of two months after adaptation period of regulation on disposable plastic products
    Situation of two months after adaptation period of regulation on disposable plastic products
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         ​The six-month adaptation period of the new regulation on disposable plastic products has been concluded for two months since October 21 this year. The Environmental Protection Department (EPD) will continue to promote going “plastic-and-disposable-free” and follow up incompliant cases, to join hands with different sectors of the community to promote green and low-carbon living culture in Hong Kong.     A spokesman for the EPD said today (December 23) that since the implementation of the new regulation, the trade has generally complied with the law and adapted to the new regulatory requirements by making corresponding changes in their businesses. Over the past two months, the EPD has continued its publicity and educational efforts, followed up on complaints and handled the small number of cases that are still incompliant.     To date, the EPD has received 62 relevant complaints and reportings about non-compliance, all of which have been investigated, and 33 of them were still incompliant and had not taken specific actions to rectify after rounds of promotion and education. The EPD has issued written warnings requiring the persons-in-charge to make improvements within 10 working days; otherwise, a fixed penalty notice will be issued. The EPD has followed up 15 cases which written warnings had been issued more than 10 working days and two catering premises were still found persistently incompliant, and the EPD staff have issued fixed penalty notices of $2,000 each to the persons-in-charge. The EPD will follow up other cases again timely.     The spokesman reiterated, “Having reviewed the data in these two months after the adaptation period, most of the non-compliance had been rectified within a short period of time, and only two cases with repeated non-compliance records required the issuance of fixed penalty notices at present. The EPD reminds the trade once again that the adaptation period has concluded for two months. The EPD will on one hand continue our publicity and educational efforts, and on the other hand seriously follow up on incompliant cases with a view to working with the trade and the public to further promote the ‘plastic-and-disposable-free’ culture in the society.”

     
    Ends/Monday, December 23, 2024Issued at HKT 10:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Shanghai Port’s annual container throughput exceeds 50M TEUs

    Source: China State Council Information Office 3

    An aerial drone photo shows a panoramic view of Yangshan Port of Shanghai Port, east China, Dec. 18, 2024. [Photo/Xinhua]

    Shanghai Port became the first in the world to see the annual container throughput exceed 50 million 20-foot equivalent units (TEUs) on Sunday.

    The port has ranked first globally for 14 consecutive years in terms of annual container throughput.

    According to Yang Yanbin, deputy general manager of the production and business department of the Shanghai International Port (Group) Co., Ltd (SIPG), the growth of container throughput indicates that China’s complete industrial system and manufacturing capability continue to empower global trade.

    Seen as a window of China’s opening up and collaboration with the world as well as an engine boosting trade and exchanges, Shanghai Port saw its annual container throughput top 1 million in 1994.

    Yang noted that the growth in container throughput at Shanghai Port was driven not only by the rise in export-heavy containers but also by an increase in international transfer containers and ship-to-ship transfer volumes.

    “The port’s robust functionality and high-quality services attract large cargo ships from around the world,” he said, adding that the proportion of ship-to-ship transfers at the port is expected to reach a record 60 percent in 2024, which highlights the continued enhancement of Shanghai Port’s role as a global hub.

    At present, the Shanghai Port boasts nearly 350 international ship routes reaching more than 700 ports in over 200 countries and regions around the world.

    The development of Shanghai Port reflects the broader transformation of Shanghai as a whole.

    The eastern Chinese metropolis has once again secured third place in the 2024 Xinhua-Baltic International Shipping Center Development Index Report, demonstrating that its status as an international shipping center of great significance has been continuously consolidated.

    According to Shanghai Customs, the daily import and export value of goods handled by Shanghai Port averages 29.8 billion yuan (about 4 billion U.S. dollars), about 1.24 billion yuan per hour.

    In recent years the application of science and technology has greatly improved the efficiency of terminal operations.

    In 2017, the Yangshan phase IV automated terminal became operational, helping Shanghai Port surpass the 40 million TEU container throughput milestone that year. With a 70 percent reduction in workforce, the terminal’s overall efficiency increased by 30 percent, while per capita labor productivity reached 213 percent of that at a traditional terminal.

    “The ITOS intelligent control system is China’s first successful effort to break the foreign monopoly on port software technology,” said Huang Heng, general manager of the Nezha Intelligent Technology Company with SIPG, noting that these smart ports not only play a key role in advancing China’s shipping industry but also draw interest from foreign ports looking to collaborate.

    The Chancay port in Peru is a prime example, where Chinese technologies have helped establish South America’s first intelligent port and create a new land-sea transport corridor between Latin America and Asia.

    Shanghai Port is also actively pursuing a green transformation. Since last year, it has signed agreements with the ports of Los Angeles and Hamburg to jointly develop green shipping corridors. In April, the Shanghai Port successfully completed its first ship-to-ship synchronous green methanol fueling operation for large container ships.

    Luo Wenbin, general manager of SIPG energy, noted that the next step would be to transform Shanghai Port into a “green energy fueling center.”

    “By 2030, we aim to achieve the ‘double 100’ goal, with liquefied natural gas (LNG) fueling capacity reaching one million cubic meters and green methanol and biofuels fueling capacity reaching one million tonnes,” he said. 

    MIL OSI China News –

  • MIL-OSI Asia-Pac: SCST congratulates 12 Hong Kong arts projects supported by China National Arts Fund

    Source: Hong Kong Government special administrative region

    SCST congratulates 12 Hong Kong arts projects supported by China National Arts Fund
    SCST congratulates 12 Hong Kong arts projects supported by China National Arts Fund
    ***********************************************************************************

         The Council of the China National Arts Fund recently announced the list of arts projects to be funded by the China National Arts Fund 2025. After assessment, the adjudication panel of the China National Arts Fund selected 818 projects out of 11 091 formal applications. Twelve Hong Kong arts projects were selected.           The Secretary for Culture, Sports and Tourism, Miss Rosanna Law, said, “I would like to express heartfelt thanks to our country for the support and recognition of Hong Kong’s arts and culture sectors, and congratulate the 12 Hong Kong arts projects supported by the China National Arts Fund. The projects selected in this exercise cover different genres and scales, manifesting Hong Kong’s thriving and diversified arts and culture ecology. We are deeply encouraged that some of the arts groups have continuously contributed to the development of high-quality arts, culture and creative industries, and are recognised by the China National Arts Fund again.”           The Hong Kong projects selected for 2025 cover areas such as large-scale productions, small-scale productions, visual arts creations, cultural exchange, training of arts talents, and youth in arts creation, which showcase the diverse arts and cultural achievements of Hong Kong.           Miss Law said, “The Hong Kong Special Administrative Region (HKSAR) Government will continue to leverage our cultural characteristics which are rooted in Chinese culture and embracing Western culture to enhance international cultural exchanges and promote people-to-people bonds, further consolidating Hong Kong’s position as an East-meets-West centre for international cultural exchange.”      The China National Arts Fund was opened up for projects from Hong Kong and Macao in 2022. The HKSAR Government has announced various policy measures to support the awardees of the China National Arts Fund in Hong Kong in past Policy Addresses, as well as in the Blueprint for Arts and Culture and Creative Industries Development which was promulgated last month. Many Hong Kong arts projects have benefited so far. Those selected for 2025 will also benefit from the relevant measures, including providing funding to bring quality arts projects outside Hong Kong, as well as presenting them at the annual Chinese Culture Festival, and enabling the local public and international audience to understand the essence of Chinese culture in a more holistic and multifaceted manner, thereby promoting the inheritance and development of Chinese culture.

     
    Ends/Monday, December 23, 2024Issued at HKT 10:55

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    MIL OSI Asia Pacific News –

  • MIL-OSI China: Guangzhou’s metro line 11 exhibits intangible cultural heritage

    Source: China State Council Information Office 3

    Some key stations of the metro line 11, the first subway loop line in Guangzhou, the capital of Guangdong province, will showcase selected intangible cultural heritage of the city, including Cantonese opera, embroidery, porcelain, carving, lion dance and traditional Chinese medicine, according to the subway operator.

    “By organizing and merging the content of Guangzhou’s world-class, national, provincial and municipal-level intangible cultural heritage, representative intangible heritage projects were selected for integration design in some key stations of line 11,” said Wang Xin, deputy director of the general contracting management center of Guangzhou Metro Design & Research Institute Co.

    As the first subway loop line in the Guangdong-Hong Kong-Macao Greater Bay Area, line 11, which will be put into operation at the end of this year, traverses the five central districts, covering the city’s distinctive food, culture, commerce and scenic spots, according to Wang.

    “By taking the circle line, travelers can get to know the city better, experience the way of life and culture,” he said.

    The loop line has a total length of 44.2 kilometers and 31 stations in total, of which 26 are transfer stations. It connects with Guangzhou’s existing nine subway lines and also transfers to seven lines which are currently under construction or in the planning stage.

    MIL OSI China News –

  • MIL-OSI China: Drawing inspiration from a city

    Source: China State Council Information Office 3

    Beijing, Beijing, a popular song by singer-songwriter Wang Feng occupies a special place in the hearts of the capital’s residents, especially in the hearts of those who have come from elsewhere to make their dreams come true, who are collectively known in Chinese as beipiao.

    “Here we laugh, here we cry, …Here we pray, here we feel lost, here we chase.”

    The lyrics summarize the complicated feelings of a person enmeshed in metropolitan prosperity and opportunity, as well as in the sacrifices necessary to survive and settle in the big city.

    Over 100 years ago, a little-known painter from rural Hunan province experienced the same progression — the mix of hope, self-doubt and anxiety — for some time after relocating to Beijing.

    At the age of 55, Qi Baishi (1864-1957) made his third trip to the capital. His previous trips had already exposed him to the dynamism of its cultural landscape and this time well-prepared, he arrived ready to confront the challenges he would face.

    Qi sought to carve out a niche for himself in the art community in this highly competitive city with its long history and rich culture.

    In the nearly four decades until his death, he developed an intimate relationship with Beijing and as he gradually rose in artistic prominence and success, he took as much pride in the capital as it did in him.

    If the charismatic Qi was alive today, he would likely share a love for the growing trend of city walking, particularly as he celebrated his wandering around the city’s streets in his art.

    Details of this life can be seen in Qi Baishi in Beijing, an exhibition on at the Grand Canal Museum of Beijing, which runs until March 30.

    The exhibition, which celebrates the artist’s 160th birth anniversary, includes some 200 paintings, pieces of calligraphy, seals, photos, manuscripts and documents, together with animations and digital re-enactments, presents a picture of the varied nature of Qi’s life and work in the decades after he moved to Beijing in 1919.

    The objects on show have been taken from the collections of several museums and cultural institutions.

    The curatorial team includes the members of the Capital Museum, which administers the Grand Canal Museum, the Beijing Fine Art Academy, and Rongbaozhai, a historical shop and atelier to the west of Beijing’s Liulichang Street.

    Qi was the first — and so far the only — honorary director of the Beijing Fine Art Academy, which was established in 1957. It has a collection of his work, donated by Qi himself, as well as by members of his family, and close associates.

    Beginning life in the 17th century as a small shop selling paper and other implements used in Chinese ink work, Rongbaozhai has grown into a time-honored cultural brand. During Qi’s life, it hosted exhibits of his work and helped him with sales. For many years, it also produced finely patterned paper he had commissioned. It owns a collection of his work, and is fully licensed to reproduce his paintings as woodblock prints.

    The exhibition takes the form of a city walk that follows Qi throughout the course of a year to the restaurants where he often dined, the hutong alleyways, which led to the gardens, areas and homes of close friends where he would spend time, images of which he re-created with his brushes, capturing their ambience.

    “This time we are not following the transformation of Qi’s art in chronological order, as we normally do. We’ve put together a kind of painterly map, which shows the life he led in Beijing, how he made friends, and the anecdotes that inform his work,” says Wang Yanan, the exhibition’s co-curator and a researcher at the Beijing Fine Art Academy.

    She says the exhibition demonstrates the way how Qi evolved from overlooked rural painter to one of the leading figures of the 20th-century Chinese art.

    His early paintings not only illustrate his attempts to be accepted by Beijing’s art circle, but also reveal his homesickness and lack of confidence.

    Qi first visited Beijing in 1903 and later for a second time in 1917. He was impressed by its vigorous cultural scene, and was introduced to important figures. He tried to become one of them, but his work sold poorly.

    He had been a painter of note in Hunan, making money from portrait commissions but in Beijing, he was initially at a disadvantage because of his humble upbringing and background as a carpenter, as well as his lack of formal or institutional training.

    The first two visits motivated Qi to invest in improving his art. In a newspaper interview in 1946, he explained why he made the third attempt to return to Beijing: “I felt that I had excelled. I didn’t want to give up. Beijing was, ultimately, a hub of people of gift and insight, and there had to be someone who would recognize my art. … I was quite determined, there was no turning back for me.”

    His patience and perseverance finally gained him the attention of people of discernment, among them Chen Shizeng, an influential artist, and Mei Lanfang, the great Peking Opera performer.

    Chen suggested that Qi leave his comfort zone — copying the styles, compositions and motifs of the great painters in ancient times — to explore his own path.

    Qi took Chen’s advice, and committed himself wholeheartedly to a course later described as, “reinventing himself in his later years”.

    His early experience in carpentry and wood relief making lent detail to his paintings.

    He developed a style called “red flower blossoms and black leaves”, that made use of loose strokes and expanses of color in large-format compositions.

    Mei became Qi’s apprentice and often invited him to dinners at home, where he would introduce his teacher to the other guests at Zhui Yu Xuan, as Mei’s home was known. This helped Qi win a position in the circles of arts and culture.

    As his new work achieved success, Qi felt that after years of being nourished by Beijing’s cultural atmosphere, he was finally being accepted as a member, and was able to contribute wholeheartedly to the cultural scene.

    Through his art, Qi enthusiastically celebrated the Beijing scenes that nurtured him.

    “Qi said that he had enjoyed the best oranges at Rongbaozhai, and seen the most beautiful views at Taoranting Pavilion (a popular city park today); that the blossoming lilacs at the Fayuan Temple (a famous 7th century Buddhist temple) were marvelous, and the morning glories at Mei’s home were impressive in size,” says Wang.

    Zhang Nan, another of the exhibition’s co-curators, says that to immerse the audience fully in Qi’s world, they decorated the rooms using three theme colors: pink, to remind people of the lilac at the Fayuan Temple; yellowish brown, to represent bottle gourds Qi grew in his courtyard home; and red, the color of peonies, a favorite subject of his paintings.

    Wu Hongliang, director of the Beijing Fine Art Academy, says since last year they have launched a series of activities to mark the 160th anniversary in collaboration with institutions that own collections of Qi’s work in China and abroad.

    Through touring exhibitions, public programs, performances, and digital re-enactments, they hope to raise the international profile of this modern icon of Chinese art. Another exhibition is being held at Rongbaozhai’s headquarters in Liulichang, a street of antiques shops, which focuses on Qi’s sales.

    An exhibition of selected work from the Beijing Fine Art Academy’s collection, Qi Baishi: Inspiration in Ink, opened on Dec 12 at San Francisco’s Asian Art Museum. It runs until April 7, after which it will travel to Boston.

    Wu says the exhibition at the Grand Canal Museum directs attention to the link between Qi, his art, and Beijing, and how that connection would inspire new perspectives of the capital.

    Wang says the exhibition is like a trip through time to meet an interesting man on the streets of Beijing. “Through Qi’s eyes, and following in his footsteps to the scenes he depicted, maybe we will gain new experiences that will help soothe our hearts.”

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Green Tech Fund approves three projects in fourth round of applications

    Source: Hong Kong Government special administrative region

    Green Tech Fund approves three projects in fourth round of applications
    Green Tech Fund approves three projects in fourth round of applications
    ***********************************************************************

         The Secretariat of the Green Tech Fund (GTF) said today (December 23) that a total of three projects have been approved in the fourth round of applications, involving a grant of around $14 million. Together with the first three rounds of applications, the GTF has so far approved 33 projects, involving a total grant of around $147 million.     About 125 applications were received in the fourth round of applications from December 2023 to March 2024. The three research and development (R&D) projects approved in this round of application cover promotion of new energy technology and turning waste into resources. They are: 

    New energy technology: Development of a waste-to-energy system utilising ultra-high-temperature gasification technology for converting different types of waste, including yard waste, municipal solid waste and construction waste, etc, into hydrogen; and 
    Turning waste into resources: Turning incineration ash into artificial aggregates to replace natural aggregates in construction projects, with a view to reducing carbon emissions arising from the disposal of incineration ashes and mining of natural aggregates; turning construction waste into self-healing concrete with biomineralisation enhancement technology for application in marine and coastal engineering for the purpose of reducing carbon emissions produced by the disposal of construction waste and production of concrete.

         The list of the three approved R&D projects is in the Annex. Relevant details are published on the GTF webpage (www.gtf.gov.hk/en/project_information/approved_projects.html). These projects will help promote R&D as well as the application of green technologies in different areas, thereby expediting low-carbon transformation and helping Hong Kong strive toward carbon neutrality.                The GTF is open for the fifth round of applications from today to March 24, 2025. R&D projects that fall into four areas, namely net-zero electricity generation, energy saving and green buildings, green transport, and waste reduction will be accorded priority. The GTF welcomes applications from local public research institutions and R&D centres, as well as local private companies to develop low-carbon and green technologies that cater for the needs of Hong Kong’s environment and market. The GTF Secretariat will hold a webinar at a later date to introduce the application procedures and priority themes of the GTF. Details about application for the GTF are available on the GTF website (www.gtf.gov.hk).

     
    Ends/Monday, December 23, 2024Issued at HKT 11:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hospital Authority service arrangements of general out-patient and Chinese medicine clinics during Christmas holidays

    Source: Hong Kong Government special administrative region

    Region
    List of GOPCs
    Address
    Telephone number for booking
    General enquiries

    Hong Kong Island
    Aberdeen Jockey Club General Out-patient Clinic
    10 Aberdeen Reservoir Road, Aberdeen
    3543 5011
    2555 0381

    Shau Kei Wan Jockey Club General Out-patient Clinic
    1/F, 8 Chai Wan Road, Shau Kei Wan
    3157 0077
    2560 0211

    Violet Peel General Out-patient Clinic
    LG, Tang Shiu Kin Hospital Community Ambulatory Care Centre, 282 Queen’s Road East, Wanchai
    3157 0000
    3553 3116

    # * Kennedy Town Jockey Club General Out-patient Clinic
    45 Victoria Road, Kennedy Town
    3543 5088
    2817 3215

    Kowloon
    Kwun Tong Community Health Centre
    UG/F, 60 Hip Wo Street, Kwun Tong
    3157 0687
    2389 0331

    Our Lady of Maryknoll Hospital Family Medicine Clinic
    G/F, Out-patient Block, Our Lady of Maryknoll Hospital, 118 Shatin Pass Road, Wong Tai Sin
    3157 0118
    2354 2267

    Robert Black General Out-patient Clinic
    600 Prince Edward Road East, San Po Kong
    3157 0113
    2383 3311

    Yau Ma Tei Jockey Club General Out-patient Clinic
    1/F, 145 Battery Street, Yau Ma Tei
    3157 0880
    2272 2400

    # Cheung Sha Wan Jockey Club General Out-patient Clinic
    2 Kwong Lee Road, Cheung Sha Wan
    3157 0122
    2387 8211

    New Territories
    Lady Trench General Out-patient Clinic
    213 Sha Tsui Road, Tsuen Wan
    3157 0107
    2614 4789

    Lek Yuen General Out-patient Clinic
    G/F, 9 Lek Yuen Street, Sha Tin
    3157 0972
    2692 8730

    North District Community Health Centre
    North District Family Medicine Clinic, 3/F, North District Community Health Centre Building, No.3 Wai Wo Street, Sheung Shui
    3157 0965
    2957 5186

    Tai Po Jockey Club General Out-patient Clinic
    G/F, 37 Ting Kok Road, Tai Po
    3157 0906
    2664 2039

    Tseung Kwan O (Po Ning Road) General Out-patient Clinic
    G/F, 28 Po Ning Road, Tseung Kwan O
    3157 0660
    2191 1083

    Tuen Mun Clinic
    11 Tsing Yin Street, San Hui, Tuen Mun
    3543 0886
    2452 9111

    Yuen Long Jockey Club Health Centre
    269 Castle Peak Road, Yuen Long
    3543 5007
    2443 8511

    * Ha Kwai Chung General Out-patient Clinic
    77 Lai Cho Road, Kwai Chung
    3157 0100
    3651 5411

    * North Lantau Community Health Centre
    3/F, North Lantau Hospital,8 Chung Yan Road, Tung Chung, Lantau Island
    3157 0106
    3467 7374

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: The Case for Investing in Post-Crash Care in Asia and the Pacific

    Source: Asia Development Bank

    These burdens disproportionally affect the young and working population. Beyond post-crash response, improvement at the trauma care system can reduce a patient’s length of hospital stay, average cost of health care, and improve overall functioning and quality of life post-injury. This makes investments in trauma care systems a highly cost-effective approach for multisectoral action across the health and transport sectors. The benefits of improvement in trauma care extend beyond road traffic injuries but extend to other major trauma cases, and contribute to universal health coverage.

    MIL OSI Economics –

  • MIL-OSI Banking: Money Market Operations as on December 20, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 8,198.97 6.62 5.75-7.10
         I. Call Money 881.85 6.27 5.75-6.90
         II. Triparty Repo 5,477.15 6.59 6.25-6.77
         III. Market Repo 53.47 6.20 6.20-6.20
         IV. Repo in Corporate Bond 1,786.50 6.88 6.85-7.10
    B. Term Segment      
         I. Notice Money** 10,175.64 6.78 5.10-7.00
         II. Term Money@@ 267.00 – 7.00-7.15
         III. Triparty Repo 4,07,739.70 6.71 6.50-6.80
         IV. Market Repo 1,46,635.19 6.71 5.90-6.90
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 20/12/2024 7 Fri, 27/12/2024 1,50,004.00 6.52
         (b) Reverse Repo          
    3. MSF# Fri, 20/12/2024 1 Sat, 21/12/2024 4,580.00 6.75
      Fri, 20/12/2024 2 Sun, 22/12/2024 0.00 6.75
      Fri, 20/12/2024 3 Mon, 23/12/2024 258.00 6.75
    4. SDFΔ# Fri, 20/12/2024 1 Sat, 21/12/2024 56,377.00 6.25
      Fri, 20/12/2024 2 Sun, 22/12/2024 0.00  6.25
      Fri, 20/12/2024 3 Mon, 23/12/2024 8,467.00  6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       89,998.00   
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 13/12/2024 14 Fri, 27/12/2024 75,004.00 6.52
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,459.41  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     85,993.41  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,75,991.41  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on December 20, 2024 9,93,519.37  
         (ii) Average daily cash reserve requirement for the fortnight ending December 27, 2024 9,66,084.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ December 20, 2024 1,50,004.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on November 29, 2024 1,04,225.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1755

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Firing practice for January 2025

    Source: Hong Kong Government special administrative region

    Firing practice for January 2025
    Firing practice for January 2025
    ********************************

         Firing practice will take place at two military sites, namely the San Wai/Tai Ling Firing Range and the Tsing Shan Firing Range, next month (January).     Red flags or red lamps will be hoisted at the firing areas before and during firing practice. For their safety, people are advised not to enter the firing area.           Following are the dates and times for the firing practice sessions in January 2025: San Wai/Tai Ling Firing Range————————————- 

    Date
    Time

    January 2 (Thursday)January 3 (Friday)January 4 (Saturday)January 6 (Monday)January 7 (Tuesday)January 8 (Wednesday)January 9 (Thursday)January 10 (Friday)January 11 (Saturday)January 13 (Monday)January 14 (Tuesday)January 15 (Wednesday)January 16 (Thursday)January 17 (Friday)January 18 (Saturday)January 20 (Monday)January 21 (Tuesday)January 22 (Wednesday)January 23 (Thursday)January 24 (Friday)January 25 (Saturday)January 27 (Monday)January 28 (Tuesday)
    8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm

     Tsing Shan Firing Range——————————- 

    Date
    Time

    January 2 (Thursday)January 3 (Friday)January 4 (Saturday)January 6 (Monday)January 7 (Tuesday)January 8 (Wednesday)January 9 (Thursday)January 10 (Friday)January 11 (Saturday)January 13 (Monday)January 14 (Tuesday)January 15 (Wednesday)January 16 (Thursday)January 17 (Friday)January 18 (Saturday)January 20 (Monday)January 21 (Tuesday)January 22 (Wednesday)January 23 (Thursday)January 24 (Friday)January 25 (Saturday)January 27 (Monday)January 28 (Tuesday)
    8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm8am-9pm

     
    Ends/Monday, December 23, 2024Issued at HKT 11:35

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: WFSFAA reminds student loan repayers to resume loan repayments from April 2025

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Working Family and Student Financial Assistance Agency:
     
         The Working Family and Student Financial Assistance Agency (WFSFAA) today (December 23) reminded student loan repayers that the five-year interest-free deferral of loan repayments will end on March 31, 2025, and interest accrual will resume from April 1. The first repayment due date falls on May 1 (for repayment by monthly instalments) or July 1, 2025 (for repayment by quarterly instalments). 
     
         The Student Finance Office (SFO) of the WFSFAA will issue notifications for resumption of loan repayments and the repayment schedules to student loan repayers in January 2025, followed by demand notes in mid-April and early June 2025 to repayers who repay by monthly and quarterly instalments respectively. Charging of the annual administrative fee will also resume for all loan repayment accounts under non-means-tested loan schemes. For details about the resumption of student loan repayments, please visit the WFSFAA website (www.wfsfaa.gov.hk/resumption_e.htm).
     
         For the convenience of repayers, the SFO provides a variety of electronic repayment methods, including the Payment by Phone Service or Faster Payment System accessible from the “SFO E-link – My Bills” online platform, autopay service and internet banking payment services.
     
         A spokesman for the WFSFAA reminded student loan repayers that interest expenses can be reduced if they apply for early lump sum or partial repayment in respect of any individual or all loan account(s). Such applications can be submitted via the “SFO E-link” online platform (www.wfsfaa.gov.hk/lspartial_e.htm).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Red flags lowered at Lido Beach and Casam Beach

    Source: Hong Kong Government special administrative region

    Red flags lowered at Lido Beach and Casam Beach
    Red flags lowered at Lido Beach and Casam Beach
    ***********************************************

    Attention TV/radio announcers:Please broadcast the following as soon as possible and repeat it at regular intervals:     Here is an item of interest to swimmers.     The Leisure and Cultural Services Department announced today (December 23) that since the water of Lido Beach and Casam Beach in Tsuen Wan District is now suitable for swimming, the red flags have been lowered.     The red flags were hoisted at the beaches earlier after a red tide was found.

     
    Ends/Monday, December 23, 2024Issued at HKT 12:37

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    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: 【Global News】#PanasonicForTheWorld Campaign Creating Awareness Around Environment Social Governance (ESG) Efforts to Encourage a Sustainable Tomorrow

    Source: Panasonic

    Headline: 【Global News】#PanasonicForTheWorld Campaign Creating Awareness Around Environment Social Governance (ESG) Efforts to Encourage a Sustainable Tomorrow

    New Delhi, India – Panasonic Life Solutions India (PLSIND) – Environmental, Social, and Governance (ESG) principles lie at the heart of Panasonic’s mission, shaping the way we do business and leaving a meaningful legacy. The #PanasonicForTheWorld campaign intends to raise awareness about ESG by showcasing the breadth of efforts that Panasonic in India is making, thereby strengthening its commitment further to make a larger impact in this space and encouraging others to drive towards a sustainable future. 
    The campaign was kickstarted on social media channels of Panasonic Life Solutions India (PLSIND) on World Environment Day—it started with a focus on efforts around Environment, followed by Social and Governance. 

    Here are some highlights of the ESG efforts that were showcased as part of the #PanasonicForTheWorld campaign:

    Environmental Commitments: Toward a Net Zero Future

    As part of Panasonic Green Impact, Panasonic has undertaken a goal to reduce over 300 million tons of CO2 emissions by 2050. Initiatives such as the “Push for Change” campaign, powered by Generative AI, illustrated the dire consequences of inaction, encouraging individuals to pledge for sustainability. Each pledge led to tangible actions, such as planting trees. Further, group companies of Panasonic in India are making strides towards a greener tomorrow through campaigns such as Diwali Wali Safai, Tree plantation/eco-restoration projects, Harit Umang (Joy of Green) program, distribution of solar kits/lanterns, to name a few. 

    Social Commitments: Empowering the Next Generation

    With an aim to nurture talent and create opportunities for underprivileged communities, initiatives like the Navjeevan School provide free education to over 110 underprivileged children, the Evening Learning Centre has helped 62 students prepare for 10th-grade exams. The Ratti Chhatr Scholarship has supported 240 students in completing their education at premier institutes like IITs. The campaign also focused on other projects that supported communities with better sanitation and hygiene.

    Leading with Transparency

    Panasonic is committed to high benchmarks in ethical business practices. The campaign focused on the following priorities:
    Transparent, consent-based data collection.
    Enhanced data security measures to prevent breaches.
    Grievance redressal mechanisms to ensure employees and stakeholders have a voice.
    These practices, to name a few, not only enhance trust but also inspire the broader industry to adopt similar standards.

    #PanasonicForTheWorld campaign was well received and organically received over 3 million impressions, 7.3K engagements, and heartfelt positive reaction from more than 4,000 individuals. Further, by collaborating with relevant sustainability influencers, the campaign reached 110,323 people including key influential voices and key opinion leaders, igniting meaningful conversations and positive support for the efforts. Key media publications also covered this campaign.
    Together, let us drive transformative change and shape a greener, more inclusive future for generations to come. 

    MIL OSI Economics –

  • MIL-OSI Economics: Enterprise ICT market revenue in Vietnam to witness 16% CAGR over 2023-2028, forecasts GlobalData

    Source: GlobalData

    Enterprise ICT market revenue in Vietnam to witness 16% CAGR over 2023-2028, forecasts GlobalData

    Posted in Technology

    The enterprise ICT revenue opportunity in Vietnam is projected to increase at a compound annual growth rate (CAGR) of 16%, driven by the acceleration in enterprise digital transformation efforts, especially in banking, financial services and insurance (BFSI) segment – the largest end-use market for ICT in the country, according to GlobalData, a leading data and analytics company.

    GlobalData’s Vietnam Enterprise ICT Country Intelligence Report shows that the ICT market size in Vietnam will increase from $15.7 billion in 2023 to $33 billion in 2028, in line with the positive ICT investment sentiment seen among the enterprises.

    This is put to perspective by findings from the GlobalData’s 2024 ICT customer insight survey*, which reveals that 91.2% of respondents, who are the key ICT decision makers in their respective enterprises, have confirmed that there has been an increase in their enterprise ICT budgets in 2024 as compared to previous year.

    Of the three IT infrastructure segments: hardware, software, and services, the services segment is expected to experience the highest cumulative revenue growth over the forecast period. This growth will be largely driven by the widespread enterprise adoption of cloud computing services, revenue for which is projected to increase at a CAGR of 24.8% during the forecast period.

    Samrat Volam, Technology Analyst at GlobalData, says: “The growth of cloud computing services in the country is driven by the enterprises’ push for digital transformation and the growing demand for scalable, cost-effective IT solutions. Additionally, the need for reliable data storage and processing capabilities plays a significant role. The continuing shift towards flexible and remote working solutions further accelerates this growth.”

    BFSI is the largest end-use vertical

    GlobalData forecasts the BFSI sector represents the largest revenue contributor for Vietnam’s ICT market and will remain so through the forecast period, generating an average 10% of the total cumulative revenue for ICT market between 2023 and 2028.

    Volam adds: “The BFSI sector in Vietnam is growing rapidly due to the modernization of financial services and the expansion of digital banking, driven by increased internet and smartphone penetration. Fintech innovations have introduced a variety of financial products, making them more accessible to consumers and businesses. Government initiatives, such as the “National Digital Transformation Program” and the 2021-2025 cashless payment project, are creating a supportive environment for digital transformation in the sector.

    Volam concludes: “The government-owned National Innovation Center (NIC) plays a key role in advancing Vietnam’s ICT market by fostering an open ecosystem, encouraging the adoption of cutting-edge technologies, and driving digital transformation across various industries. By supporting local startups and attracting international investments, the NIC creates a dynamic environment conducive to growth. Additionally, the rapid growth of Vietnam’s IT sector and the rising need for robust cybersecurity measures are accelerating the adoption of advanced security solutions thereby driving the overall ICT market in the country.”

    *GlobalData’s ICT Customer Insight Survey carried out during H1 2024 highlights survey responses related to ICT investment priorities and budget allocations by enterprises in Vietnam.

    MIL OSI Economics –

  • MIL-OSI Economics: Singapore PA&H insurance industry to surpass $8 billion by 2029, forecasts GlobalData

    Source: GlobalData

    Singapore PA&H insurance industry to surpass $8 billion by 2029, forecasts GlobalData

    Posted in Insurance

    Personal accident and health (PA&H) insurance in Singapore is expected to grow at a compound annual growth rate (CAGR) of 6.6% from SGD8.5 billion ($6.2 billion) in 2024 to SGD11.7 billion ($8.6 billion) in 2029, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company.

    GlobalData’s Insurance Database, reveals that the share of PA&H insurance in the total insurance industry grew from 12.6% in 2020 to an estimated 15.3% in 2024 and is projected to reach 17.3% by 2029. PA&H insurance is estimated to grow by 8.9% in 2024, propeled by high demand for private health insurance, as well as rising premium rates.

    Aarti Sharma, Insurance Analyst at GlobalData, comments: “Singapore’s PA&H insurance has experienced a strong growth in 2024, bolstered by heightened health and financial awareness that spurred demand for health insurance products. Demographic factors including an aging population, premium price adjustments in response to inflation, and resurgence in tourism have also supported the growth of PA&H insurance.”

    High demand for integrated shield plans (IPs) and their accompanying riders offered by private insurers have supported the growth of PA&H insurance. MediShield is the national health insurance program, which includes MediShield Life – a government-managed basic health insurance plan with optional coverage provided by private insurers.

    According to the Life Insurance Association of Singapore, approximately 71,000 people enrolled for new IP during H12024, bringing the total coverage to 2.9 million, which is about 71% of Singapore’s population. As a result, total new business premiums for individual health insurance increased by 7.1% in H1 2024, as compared to the same period in 2023.

    Sharma continues: “The increase in premiums due to rising healthcare costs will also support the growth of PA&H insurance. In October 2024, Singapore’s Ministry of Health announced a 35% increase in MediShield premiums, effective from April 2025. The adjustments recommended by the MediShield Life Council include higher claim limits, expanded coverage for new treatments, and changes to deductibles and co-insurance. The premium hike will be implemented in phases, with a cap of 35% by March 2028.”

    The changing demographic conditions in Singapore such as an aging population and growing affluent population will also support PA&H insurance growth. As per the Government of Singapore, nearly 20% of the total population was aged 65 and above as of June 2024, which is a significant contributor to the growth of PA&H insurance.

    Enhanced tourism is also contributing to the expansion of PA&H insurance in Singapore. According to Statistics Singapore, the number of international tourists arriving in the country increased by 16.7% on a year-on-year basis in October 2024. Travel insurance plans, which cover personal accidents in addition to trip cancellations, baggage loss, and flight delays are aiding in the growth of PA&H insurance.

    Sharma concludes: “The outlook for the PA&H insurance industry in Singapore appears positive, with opportunities for insurers to capitalize on the evolving market dynamics and increasing demand for comprehensive health coverage. Rising premium prices, growing tourism, as well as an aging demographic will support the growth of PA&H insurance in Singapore over the next five years.”

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: President Lai attends 2024 Presidential Hackathon awards ceremony

    Source: Republic of China Taiwan

    President Lai attends 2024 Presidential Hackathon awards ceremony
    2024-12-22

    On the afternoon of December 22, President Lai Ching-te attended the 2024 Presidential Hackathon awards ceremony. In remarks, President Lai praised the winning teams for proposing innovative solutions in the areas of health promotion and digital and net-zero development. The president also stated that in these challenging and rapidly changing times, the Presidential Hackathon exemplifies collaboration between the government and civil society, breaking through conceptual limitations to implement government innovations that respond to people’s needs and resolve various social problems. If we all work together, he said, the nation can look forward to a better, more advanced, and more prosperous future.
    Upon arrival, President Lai first took in presentations by outstanding domestic and international hackathon teams on their proposals, and then delivered remarks.
    A translation of President Lai’s remarks follows:
    With the support of former President Tsai Ing-wen, the Presidential Hackathon was officially launched in 2018 during my tenure as premier. I am delighted to see that it has become a thriving platform for cross-sector collaboration between the government and civil society. Now in its seventh year, the hackathon has since its inception selected a total of 35 domestic and 12 international outstanding teams. Their achievements are truly remarkable, and I want to thank everyone for their efforts.
    This year, the theme of the domestic track is “Aging Together in Good Health.” With Taiwan becoming a “super-aged society” and our National Health Insurance reaching its 30th anniversary next year, we hope that your collective wisdom will help us jointly achieve the vision of Healthy Taiwan.
    Let me congratulate the five outstanding teams in the domestic track. The first team is Drone for Life. Their aim is to use drones to set up a transportation network that covers remote areas to promote an equitable distribution of medical resources, which is extremely important for rural healthcare. The second team is Quiet Tracker. They want to improve noise management processes and create a noise suitability indicator map database for Taiwan, taking domestic quality of life to the next level. The third team is Greens Plus. Their goal is to develop an AI-enabled agricultural identification platform to alleviate water shortage concerns and improve the quantity and quality of agricultural products for farmers, treating every drop of water as a precious resource.
    The fourth team is CONNECT 10. Their proposal will enhance care services in remote areas to improve the quality of life for recipients, and I am confident that this will make the government’s Long-term Care 3.0 Plan more complete. And the fifth team is Tranquil Aging Master. They want to use a communication platform centered on the elderly to connect care teams, seniors, and their families to create a new model of holistic health care. If this proposal can be implemented, human dignity will be given greater importance, which is good for everyone.
    The theme of this year’s international track is Digital and Green: Next-Generation Public Infrastructure. By integrating digital technology with net-zero, sustainable solutions, we want to promote the digital and net-zero twin transformation, lay a more sustainable foundation for Taiwan’s future generations, and achieve the goal of a smarter, more sustainable new Taiwan.
    I was pleased to see that this year’s international track received a record-breaking 77 team proposals. Here, I would like to congratulate the two winning international outstanding teams. The first team is GreenhopeBCTW. With members from the United States and Taiwan, the group hopes to use personal carbon wallets to turn environmental actions into assets and encourage more people to cut emissions. The second team is MooApps, whose three members are all from Indonesia. They have proposed an innovative digital monitoring system to help livestock farmers improve animal health and reduce herd mortality rates. I am confident that having a constant understanding of physical health conditions – not just for animals but for people as well – can be a powerful aid to individual health.
    Once again, I would like to thank all the outstanding teams for their hard work in proposing innovative solutions in the areas of health promotion and digital and net-zero development. In these challenging and rapidly changing times, the Presidential Hackathon exemplifies collaboration between the government and civil society, breaking through conceptual limitations to implement government innovations that respond to people’s needs and resolve various social problems.
    In closing, congratulations once more to all the outstanding teams. In your contributions, I can see the limitless potential for Taiwan. If we all work together, our nation can look forward to a better, more advanced, and more prosperous future.
    President Lai then presented trophies and certificates to the winning teams in both the domestic and international tracks.
    Also in attendance at the event were American Institute in Taiwan Taipei Office Director Raymond Greene and Indonesian Economic and Trade Office to Taipei Representative Arif Sulistiyo.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Labour Department investigates fatal work accident in Sheung Shui

    Source: Hong Kong Government special administrative region

    Labour Department investigates fatal work accident in Sheung Shui
    Labour Department investigates fatal work accident in Sheung Shui
    *****************************************************************

         The Labour Department (LD) is investigating a fatal work accident that happened in Sheung Shui this morning (December 23) in which a man died.     The LD immediately deployed staff to the scene upon receiving a report of the accident, and is now conducting an investigation to look into its cause.

     
    Ends/Monday, December 23, 2024Issued at HKT 14:25

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Rabuka reveals details of 1987 coup navy ‘secret weapons mission’

    By Litia Cava, FBC News multimedia journalist

    Fiji Prime Minister Sitiveni Rabuka has revealed how arms and ammunition used to conduct the 1987 military coup were secretly brought into Fiji on board a naval survey ship.

    Speaking at the commissioning of a new research vessel for the Lands and Mineral Resources Ministry on Friday, Rabuka described the strategic measures taken to ensure the weapons reached Fiji undetected.

    He recounted that during preparations for his coup against Dr Timoçi Bavadra’s Labour government of 1987, Fiji lacked sufficient arms and ammunition.

    “I realised that we didn’t have enough weapons and ammunition in Fiji to do what I wanted to do. So I sent a very quick message to the captain who was there to pick up the ship and surprised him by asking that, get that ship commissioned in Singapore before you sail back to Fiji.”

    Rabuka explained the decision, saying the commissioning had allowed the ship to fly a naval flag, ensuring it would avoid inspection at international ports.

    He said the ship’s captain was instructed to load arms and ammunition en route which were successfully brought back to Fiji.

    The Prime Minister said the measures were necessary at the time to achieve what needed to be done.

    Rare glimpse of tactics
    His remarks offered a rare glimpse into the behind-the-scenes tactics of 1987, highlighting the extent of planning and resourcefulness involved.

    Rabuka’s comments were made during the launch of a state-of-the-art research vessel which will serve as a floating laboratory for marine geological studies and coastal surveys.

    The vessel is equipped with advanced tools to map the ocean floor, study tectonic activity and support communities affected by climate change.

    The Prime Minister said the new vessel marked a significant step in understanding Fiji’s marine ecosystem.

    He also spoke about the importance of integrating scientific research with traditional knowledge to address critical issues such as climate change and sustainable resource management.

    The PM said there was a need for informed planning to prevent disasters, referencing the recent earthquake in Vanuatu.

    Rabuka said early geological surveys could have guided city planners and engineers in designing structures that mitigate damage from such events.

    The new vessel is expected to provide critical insights into the ocean’s mysteries while contributing to Fiji’s resilience against climate-related challenges.

    Fiji’s President celebrates birthday with military
    Meanwhile, earlier today members of the Republic of Fiji Military Forces (RFMF) gathered at State House to celebrate the 71st birthday of Fiji’s President and Commander-in-Chief, Ratu Naiqama Lalabalavu.

    The celebration was led by the Commander of the Fiji Navy, Humphrey Tawake, with senior officers. It was marked by a march by officers and the RFMF band. adding a ceremonial and heartfelt touch to the happy occasion.

    On behalf of the commander of the RFMF who is away on official leave, Commander Tawake extended birthday wishes to the Head of State.

    President Lalabalavu praised the dedication of the RFMF in upholding law and order.

    “The strength of our nation lies in our collective efforts, and since assuming office, I have witnessed the vital role you play in ensuring peace and stability,” he said.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: LCSD reminds public to keep venues clean during Christmas

    Source: Hong Kong Government special administrative region

    LCSD reminds public to keep venues clean during Christmas
    LCSD reminds public to keep venues clean during Christmas
    *********************************************************

         The Leisure and Cultural Services Department (LCSD) today (December 23) appealed to members of the public to keep venues clean and mind their safety while celebrating Christmas.      The LCSD will work with other government departments to implement a series of measures over Christmas (December 24 to 26) to maintain cleanliness and safety at LCSD venues, especially at the Hong Kong Cultural Centre (HKCC) Piazza, Salisbury Garden, the Avenue of Stars, Tsim Sha Tsui Promenade, Middle Road Children’s Playground, Tsim Sha Tsui East Waterfront Podium Garden and Urban Council Centenary Garden along the Kowloon waterfront, where large crowds are expected.      An LCSD spokesman said, “In crowded areas, people should remain calm and take care of their own safety.”      The public announcement systems at the HKCC will also broadcast anti-littering and crowd management messages in Cantonese, Putonghua and English on a regular basis during the holidays. Crowd control measures will be implemented at the HKCC Piazza, Salisbury Garden, the Avenue of Stars and the Tsim Sha Tsui Promenade based on actual conditions. Members of the public are advised to pay attention to the announcements, follow the instructions of the duty personnel and mind their safety.

     
    Ends/Monday, December 23, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: EPD convictions in November

    Source: Hong Kong Government special administrative region

         Thirty-nine convictions were recorded in November 2024 for breaches of legislation enforced by the Environmental Protection Department.
     
         Two of the convictions were under the Air Pollution Control Ordinance, two were under the Environmental Impact Assessment Ordinance, nine were under the Noise Control Ordinance, 12 were under the Public Cleansing and Prevention of Nuisances Regulation, one was under the Product Eco-responsibility Ordinance, and 13 were under the Waste Disposal Ordinance.
     
         A company was fined $15,000, which was the heaviest fine in November, for failing to comply with an air pollution abatement notice.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on December 23, 2024

    Source: Reserve Bank of India

    On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on December 23, 2024, Monday, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor
    (day)    		 Window Timing Date of Reversal
    1 75,000 4 12:45 PM to 1:15 PM December 27, 2024
    (Friday)

    2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1759

    MIL OSI Economics –

  • MIL-OSI: Financing facility update

    Source: GlobeNewswire (MIL-OSI)

    23 December 2024

    ICG Enterprise Trust announces increased credit facility

    ICG Enterprise Trust plc (‘ICGT’) has increased the size of its revolving credit facility (‘RCF’) from €240m to €300m to accommodate portfolio growth. This change was effective from 20 December 2024.

    There are no other changes to the terms previously disclosed on 1 June 2023 and 5 June 2024.

    At 13 December 2024, ICGT had total available liquidity of £84m (31 July 2024: £126m). This comprised £8m cash and £76m (€92m) undrawn RCF. Pro forma for the increase announced today, ICGT would have had total available liquidity of £134m.

    Enquiries

    Analyst / Investor enquiries                                                                                                
    Chris Hunt, Head of Corporate Development and Shareholder Relations
    +44 (0) 20 3545 2000

    Media                                                                                                                    
    Clare Glynn, Corporate Communications, ICG                                                    
    +44 (0) 20 3545 1395

    Website                                                                                 
    www.icg-enterprise.co.uk

    About ICG Enterprise Trust

    ICG Enterprise Trust is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US, while offering the added benefit to shareholders of daily liquidity.

    We invest in companies directly as well as through funds managed by Intermediate Capital Group plc (‘ICG’) and other leading private equity managers who focus on creating long-term value and building sustainable growth through active management and strategic change.

    Disclaimer

    The information contained herein does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the “Company”) or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person (“U.S. Person”) as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or to any national, resident or citizen of an Excluded Jurisdiction.

    The information on the pages herein may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.

    The MIL Network –

  • MIL-OSI Global: From pop songs to baby names: How Simeulue Island’s ‘smong’ narrative evolves post-tsunami

    Source: The Conversation – Indonesia – By Alfi Rahman, Lecturer at Faculty of Social and Political Sciences, Universitas Syiah Kuala, Director of Research Center for Social and Cultural Studies (PRISB) Universitas Syiah Kuala, and Researcher at Tsunami and Disaster Mitigation Research Center (TDMRC), Universitas Syiah Kuala

    Simelulue men gather to perform ‘nandong,’ a traditional local song. (Jihad fii Sabilillah/Youtube), CC BY

    20 years have passed since the Aceh tsunami, leaving deep scars on Indonesia, especially for those directly affected. Aceh was also recovering from a three-decade armed conflict between the Free Aceh Movement and the national government

    Throughout December 2024, The Conversation Indonesia, in collaboration with academics, is publishing a special edition honouring the 20 years of efforts to rebuild Aceh. We hope this series of articles preserves our collective memory while inspiring reflection on the journey of recovery and peace in the land of ‘Serambi Makkah.’

    Off the southern coast of Aceh lies Simeulue, a small island with a powerful story of survival. When the devastating Indian Ocean tsunami killed hundreds of thousands across the region in 2004, only five people died on Simeulue — some say just three.

    This remarkable survival was credited to a local wisdom called smong — their term for tsunamis in the Simeulue language — that taught them to read nature’s warning signs and escape to safety.

    Passed down through generations since a previous tsunami struck in 1907, smong describes the signs of an upcoming ghostly wave: a strong earthquake and the receding of seawater. This knowledge becomes a survival guide that directs them to move away from the coast immediately or head to higher ground.

    Two decades after the 2004 disaster, our research shows that this life-saving knowledge is transforming, reflecting broader social shifts and information and communication technology development. It is no longer told only through nafi-nafi (oral storytelling) but adapting to new channels, from traditional songs to pop music and even into children’s names.

    From tradition to transformation

    Our study – spanning from 2016 to 2023 and involving interviews with 18 participants – captures how smong evolves over time. Smong, for instance, finds its way to nandong, Simeulue’s traditional songs that now incorporate lyrics about the life-saving local wisdom. A local artist said:

    After the 2004 tsunami, we adapted the smong story into nandong. This became a new way to convey the ‘smong’ message, ensuring it remains relevant and easy to remember.

    One popular nandong lyric goes:

    Linon uwak-uwakmo (The earthquake rocks you like a cradle)

    Elaik kedang-kedangmo (Thunder beats like a drum)

    Kilek suluh-suluhmo (Lightning flashes like your lamp)

    Smong dumek-dumekmo (The tsunami is your bathing water).

    Video containing song or ‘nandong’ about ‘smong’

    But even as Simeulue’s younger generation embraced modern influences, smong kept up. Local artists began creating pop songs in Devayan, one of the island’s local languages. The catchy tunes brought smong into classrooms, as a 23-year-old local testified:

    I first heard a ‘smong’ song at school. The lyrics were simple but clear. They told me exactly what to do if a tsunami came.

    A children’s tale telling a stort about ‘smong’

    Smong as a symbol of resilience

    Today, smong is more than a safety warning; it symbolises the island’s strength and identity. In some families, smong even lives on in names.

    One grandmother named her grandson “Putra Smong” (smong’s son) as a tribute, saying

    His name reminds us of the wisdom that saved our lives.

    The challenge of preservation

    Despite its transformation, preserving the smong narrative faces challenges that risk eroding this customary knowledge.

    The biggest challenge is the shift in lifestyle and culture among Simeulue’s youth. Today’s younger generation is more familiar with digital technology than oral traditions. A mother said:

    In the past, our elders would tell ‘smong’ stories every evening after Maghrib (dusk) prayers. Now, children are too busy with their gadgets.

    Globalisation also brings external cultural influences, diverting the attention of Simeulue’s youth from the local heritage. Many young people grow up with limited knowledge of traditions like nafi-nafi.

    Another major challenge is the declining use of local languages such as Devayan, Sigulai, and Lekon in daily conversations. Since smong originates from these languages, preserving it relies on their continued use.

    Our observation concludes that the transmission of smong narratives remains sporadic. Its spread often depends on individual or small group initiatives and sometimes awaits external interventions.

    Without concrete efforts, the smong narrative risks fading and being forgotten by future generations. A local activist stated:

    I once proposed building a ‘smong’ monument to remind the younger generation, but the idea has yet to be realised.

    Hope for continuity: Bridging tradition and modernity

    The elders of Simeulue firmly believe that smong is a heritage that must be safeguarded. An 80-year-old community elder expressed his hope for future generations to keep smong alive.

    As long as the ‘smong’ story exists, we will remain safe. But if this story is lost, we will lose our most precious wisdom and treasure.

    To keep smong alive, educators and community leaders are looking to the future. Some propose integrating smong into school curriculum, ensuring every child knows its lessons. A teacher said.

    ‘Smong’ isn’t just a story. It’s a life-saving guide that must be passed on to every generation.

    Technology can also be an important means of preserving the native understa. Digital videos, disaster simulations, and interactive storytelling could bring smong to a tech-savvy audience, making it relevant today.

    As we hope these approaches will bridge the old tradition with modern needs, smong transformation highlights that it is not just a relic from the past. Its narrative must evolve to adapt to the times, ensuring its treasured knowledge remains alive amid social changes.

    In the face of ongoing disaster threats, particularly in Indonesia’s Ring of Fire, smong offers a valuable lesson on how preserving local wisdom can form the foundation for disaster preparedness.

    Alfi Rahman receives funding from the Ministry of Education, Culture, Research and Technology of Indonesia for this research (grant number 0168/E5/PG.02.00.PL/2023 and 094/E5/PG.02.00.PL/2024).

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

    – ref. From pop songs to baby names: How Simeulue Island’s ‘smong’ narrative evolves post-tsunami – https://theconversation.com/from-pop-songs-to-baby-names-how-simeulue-islands-smong-narrative-evolves-post-tsunami-246153

    MIL OSI – Global Reports –