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Category: Asia

  • MIL-OSI Asia-Pac: DH’s second Maternal and Child Health Centre in North District to commence service on January 27

    Source: Hong Kong Government special administrative region

         The Department of Health (DH) announced today (January 24) that the North District Maternal and Child Health Centre (MCHC) will come into operation next Monday (January 27), making it the second MCHC in the district and strengthening health services for children and women.
          
         “The new MCHC will be located on the seventh floor of the North District Community Health Centre Building at 3 Wai Wo Street, Sheung Shui. Its service hours are from 9am to 1pm and 2pm to 5.30pm from Monday to Friday, and from 9am to noon on the second and fourth Saturdays of each month that are not public holidays. Its services include child health service, cervical screening service and postnatal service. The DH has already contacted people who have made appointments for services at the North District MCHC to remind them of the appointment time and the address,” the DH spokesman said.
          
         The DH’s MCHCs provide health promotion and disease prevention services for children from birth to five years and women at or below 64 years of age.
          
         Together with the North District MCHC, there are 29 MCHCs in operation in the 18 districts throughout Hong Kong. For more information, please visit the DH’s website.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Contractors/employers and employees urged to ensure workplace safety before Chinese New Year holidays

    Source: Hong Kong Government special administrative region

         With Chinese New Year around the corner, the Labour Department has urged contractors, employers and employees to be more vigilant and take adequate safety precautions at workplaces before the holidays.

         A spokesperson for the department said today (January 24) that employers and employees should pay more attention to work safety before the Chinese New Year holidays to prevent accidents.

         The spokesperson said, “As Chinese New Year is coming, employees may become less aware of work safety due to the festive atmosphere or may have to rush to complete work before the holidays. Employers should therefore step up monitoring to ensure workplace safety and eliminate potential hazards through pre-holiday safety inspections, thereby minimising the chance of grave consequences during and after the Chinese New Year holidays. Safety precautions before the holidays include turning off the power for plant and machinery, proper storage of chemicals, stacking materials in an orderly manner, extinguishing naked flames, shutting down gas welding equipment, and securing temporary structures.”

         “Management should remind supervisors and employees not to compromise work safety for tight work schedules, including failure to take adequate safety precautions, failure to follow safety procedures, and failure to use personal protective equipment. Risk assessment should be conducted by competent persons prior to the commencement of different work processes, with safe work method statements formulated and proper monitoring systems in place, especially for work involving high-risk operations, such as working at height, lifting operations, tunnelling work, and electrical work,” the spokesperson added.

         The general duty provisions of the Occupational Safety and Health Ordinance require employers to provide safe working environments, plant and systems of work for their employees. Those who contravene the relevant provisions are liable to a maximum fine of $10 million and imprisonment for two years.

         Meanwhile, employees should co-operate by following safety instructions and using safety equipment.

         For enquiries on occupational safety and health, please contact the department’s occupational safety officers at 2559 2297.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Money Market Operations as on January 23, 2025

    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) 5,43,213.23 6.56 5.00-6.95
         I. Call Money 10,718.40 6.57 5.10-6.70
         II. Triparty Repo 3,81,865.60 6.54 6.22-6.64
         III. Market Repo 1,49,466.53 6.61 5.00-6.85
         IV. Repo in Corporate Bond 1,162.70 6.91 6.90-6.95
    B. Term Segment      
         I. Notice Money** 146.40 6.41 5.95-6.75
         II. Term Money@@ 624.00 – 6.50-7.50
         III. Triparty Repo 750.00 6.56 6.55-6.60
         IV. Market Repo 3,048.63 6.62 6.60-6.80
         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 Thu, 23/01/2025 1 Fri, 24/01/2025 1,25,015.00 6.52
      Thu, 23/01/2025 1 Fri, 24/01/2025 20,668.00 6.51
         (b) Reverse Repo          
    3. MSF# Thu, 23/01/2025 1 Fri, 24/01/2025 2,831.00 6.75
    4. SDFΔ# Thu, 23/01/2025 1 Fri, 24/01/2025 67,458.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       81,056.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 10/01/2025 14 Fri, 24/01/2025 2,25,006.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.48  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,34,562.48  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     3,15,618.48  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on January 23, 2025 8,92,467.19  
         (ii) Average daily cash reserve requirement for the fortnight ending January 24, 2025 9,10,251.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 23, 2025 1,45,683.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on December 27, 2024 64,350.00  
    @ 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. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1990

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Today, on National Girl Child Day, we reiterate our commitment to keep empowering the girl child and ensure a wide range of opportunities for her: Prime Minister

    Source: Government of India (2)

    Posted On: 24 JAN 2025 8:56AM by PIB Delhi

    The Prime Minister Shri Narendra Modi today, on National Girl Child Day, reiterated the Government’s commitment to keep empowering the girl child and ensure a wide range of opportunities for her.

    In a thread post on X, Shri Modi wrote:

    “Today, on National Girl Child Day, we reiterate our commitment to keep empowering the girl child and ensure a wide range of opportunities for her. India is proud of the accomplishments of the girl child across all fields. Their feats continue to inspire us all.”

    “Our Government has focused on sectors like education, technology, skills, healthcare etc which have contributed to empowering the girl child. We are equally resolute in ensuring no discrimination happens against the girl child.”

     

     

    ***

    MJPS/SR

    (Release ID: 2095662) Visitor Counter : 61

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCSD opens application for relaxation of entry restrictions at licensed billiard establishments starting February 25

    Source: Hong Kong Government special administrative region

    LCSD opens application for relaxation of entry restrictions at licensed billiard establishments starting February 25
    LCSD opens application for relaxation of entry restrictions at licensed billiard establishments starting February 25
    ******************************************************************************************

         The Leisure and Cultural Services Department (LCSD) announced today (January 24) that applications will be welcome from licensed billiard establishments which meet relevant requirements for relaxing the entry restrictions for youth, so as to facilitate more young people to access billiard sports and promote its development in Hong Kong. The measures include lowering the minimum age limit from 16 to 8 years; relaxing the restriction of entry hours for young patrons from the current 8pm to 10am to a new timeframe of 11pm to 7am; and permitting persons in school uniforms to enter licensed billiard establishments. Applications can be made starting from February 25.     In response to views received on promoting local billiard sports development, the LCSD set up a working group in February 2024 to explore suitable measures. Based on the discussion of the working group, the LCSD will relax the above restrictions for licensed billiard establishments that meet relevant requirements in accordance with the existing provisions of the Places of Amusement Regulation (Cap. 132BA). The LCSD will duly process applications received, and factors to be considered include the billiard establishments’ operational situation, the surrounding environment, facilities and activities within the premises, etc. The LCSD will review the effectiveness in a timely manner.     For further inquiries, please contact the Licensing and Prosecution Unit of the LCSD at 2601 8799 or via email at lpu@lcsd.gov.hk.

     
    Ends/Friday, January 24, 2025Issued at HKT 12:16

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    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Result of Underwriting Auction conducted on January 24, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on January 24, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)    		 Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)    		 Additional Competitive Underwriting Amount Accepted
    (₹ crore)    		 Total Amount underwritten
    (₹ crore)    		 ACU Commission Cut-off rate
    (paise per ₹100)
    6.79% GS 2034 22,000 11,004 10,996 22,000 0.08
    7.09% GS 2074 10,000 5,019 4,981 10,000 0.11
    Auction for the sale of securities will be held on January 24, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1991

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Marine traffic control and safety measures to be followed at Lunar New Year Fireworks Display

    Source: Hong Kong Government special administrative region

    Marine traffic control and safety measures to be followed at Lunar New Year Fireworks Display
    Marine traffic control and safety measures to be followed at Lunar New Year Fireworks Display
    ******************************************************************************************

         With regard to the 2025 Lunar New Year Fireworks Display to be held on January 30, the Marine Department (MD) will implement marine traffic control and strengthen the inspection of spectator vessels on the event day to ensure that safety requirements are met.         A Closed Area in the waters off the Hong Kong Convention and Exhibition Centre in Wan Chai, where barges for the fireworks display are to be anchored, will be established from 2pm to about 10.30pm on the event day. A Restricted Area will be established in the Central Harbour from 7pm to about 9pm on the event day. Other than authorised vessels, no vessels will be allowed to enter these two areas. Scheduled ferry vessels with permission may continue services until 7.40pm.      Spectator vessels may stay inside the Specified Area, excluding the Restricted Area and the Closed Area, for viewing from 6pm to 9pm (the specified period) on the event day. To enhance marine safety during this major event at sea, coxswains of spectator vessels in the Specified Area during the specified period must ensure that children on board are accompanied by an adult and wear a lifejacket at all times. Coxswains must also keep a passenger and crew list on board for emergency purposes. The MD will step up vessel inspections. If any vessel fails to meet these requirements, the department will initiate prosecution.      In addition, to ensure that vessels disperse in an orderly manner, the Eastern and Western Cordon Lines of the Restricted Area will be lifted in stages after the event. The Western Cordon Line will be lifted first at about 9pm. Spectator vessels behind the Western Cordon Line and those wishing to move east must follow the instructions of officers from the MD and the Police at the scene. The Eastern Cordon Line will be lifted later, depending on traffic conditions in Victoria Harbour. It is anticipated that the Restricted Area will be lifted by about 9.15pm on the event day.      For landside crowd control, the public landing steps No. 4 to 6 at Kowloon Public Pier will be closed temporarily from 6am to midnight, and the public landing steps No. 1 to 3 will be closed temporarily from 6pm to about 9pm. Other public landing steps within the Restricted Area will be closed temporarily from 6.30pm to about 9pm. Buffer zones at Kowloon Public Pier, Kwun Tong Public Pier and Central Piers 9 and 10 will be established immediately after the event for the safe and orderly disembarkation of passengers.      Officers from the MD and the Police will also maintain order at major landing facilities after the event. To ensure smooth disembarkation, coxswains and crew members should remind passengers to pack their personal belongings early before the vessels arrive alongside the landing steps and assist passengers in disembarking. Coxswains and passengers should follow the instructions of the MD and the Police at the scene.      The MD and the Marine Police will also strengthen law enforcement, especially concerning life-saving appliances, speeding and overloading. Coxswains and persons-in-charge of vessels should check again and reconfirm that the operating licence, the certificate of survey and the third-party risk insurance are valid before setting sail, and that relevant crew members are not under the influence of alcohol or drugs.      MD Notice No. 14 of 2025 on marine traffic control and safety measures has been issued and is available for viewing on the MD’s website (www.mardep.gov.hk).

     
    Ends/Monday, January 27, 2025Issued at HKT 16:37

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    MIL OSI Asia Pacific News –

  • MIL-OSI: Nokia to upgrade BBIX network to massively increase bandwidth and enhance operational efficiency

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Nokia to upgrade BBIX network to massively increase bandwidth and enhance operational efficiency 

    • BBIX will deploy a Nokia IP networking solution to improve existing capacity as internet traffic continues to grow exponentially
    • This 400GE network upgrade paves the way for BBIX customers to grow and expand their business  
    • Deployment to begin in Japan and will expand to other markets, including Singapore

    27 January 2025
    Tokyo, Japan — Nokia today announced that BBIX, Inc. (“BBIX”), a leading Internet Exchange in the world, has selected Nokia’s IP routing technology to upgrade its network to 400GE to meet the demand of growing data traffic. Once deployed, BBIX will not only increase capacity, but will improve stability, flexibility, and reliability of BBIX’s network operations, translating to superior services to its customers.

    BBIX will deploy Nokia’s 7220 Interconnect Router (IXR) that runs the Nokia SR Linux Network Operating System (NOS), allowing BBIX to ensure high-quality network interconnection even as the number of high-bandwidth customers continues to rise. The deployment will start in Japan this year and will be subsequently expanded to other markets, including Singapore.

    Hideyuki Sasaki, President & CEO at BBIX, said: “Managing today’s explosive internet traffic growth requires more than just capacity—it demands intelligent, reliable infrastructure. Nokia’s solution provides the sophisticated capabilities we need to handle high-volume traffic while maintaining exceptional service quality. Their technology enables us to build a network infrastructure that excels in three critical areas: cost-effectiveness, reliable performance, and seamless scalability.”

    Kent Wong, Vice President and Head of IP Networks, Asia Pacific at Nokia, said: “Nokia is at the forefront of developing a comprehensive range of IP solutions in line with the evolving needs of the industry. A thorough evaluation of our routing portfolio convinced BBIX of the strength of our solutions. We are delighted to work with BBIX to upgrade its network with our 7220 IXR that runs the SR Linux NOS to help our customer improve its operational efficiency while its customers benefit from a massively scalable and future-proof network.”

    Resources and additional information
    Product page: 7220 Interconnect Router for Data Center Fabric
    Product page: Service Router Linux

    About Nokia
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.  

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    # # #

    Media inquiries
    Nokia Communications, Japan
    Email: takayuki.omino@nokia.com

    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI Economics: Asian Development Blog: How Can Asia Successfully Navigate New US Administration Policies?

    Source: Asia Development Bank

    Rising US tariffs and other policies of the new US presidential administration could create mixed outcomes for Asian economies, emphasizing the importance of building resilience through regional integration and open trade.

    How will new US administration policies affect economies in Asia and the Pacific, and how should they respond? 

    To gain insight into these questions, ADB recently completed two studies based on different global models—one strong on macroeconomics and one strong on trade—to estimate the magnitude of likely effects. 

    The first study examines the impact of the US imposing aggressive policies including 60% tariffs on the People’s Republic of China (PRC) and 10% tariffs on everyone else, reduced US immigration, and expansionary US fiscal policies. 

    The second study focuses only on the impact of tariffs. It assumes 60% tariffs on Chinese imports and examines different tariff scenarios for the rest of the world: 10% versus 20% tariffs, tariffs across the board versus exemptions for countries with free trade agreements with the US, and equal retaliatory tariffs versus no retaliation.   

    What do we learn from these exercises? 

    First, the negative effects on the Chinese economy will be relatively modest even with 60% tariffs. The first study, using a macro model, finds that growth slows by just 0.3% per year during the four years of the new administration, and the trade model predicts much smaller impacts thanks to opportunities to redirect trade to other countries and smaller impacts on global output than in the macro study. The impacts will be even less severe if the US only imposes additional tariffs of 10% as has been recently announced, even though further review of US trade imbalances could lead to more tariff increases later in the year.

    One reason for the modest impacts of high US tariffs is that the importance to the Chinese economy of exports to the US (both direct and indirect) has fallen steadily, now accounting for just 3% of the country’s GDP.

    Evidence from President Trump’s first term shows that the PRC was able to redirect exports to other countries and that the cost of US tariffs was largely borne by US consumers and firms.

    Second,  the effects on other Asian economies will be mixed, with some economies even expected to grow faster thanks to new export opportunities to the US to replace goods previously exported to the US from the PRC.

    Opportunities from trade diversion also were evident during the first trade war between the US and the PRC, benefiting export-competitive economies such as Viet Nam. 

    The recent shift observed in foreign direct investment (FDI) in strategic sectors away from the PRC and toward other Asian economies, especially in Southeast Asia, is likely to be reinforced.   

    Despite these trends, it would be a mistake to assume that US tariffs on the PRC have zero-sum impacts that hurt the PRC and help other Asian economies. This is because in recent years the Chinese economy has become increasingly linked to other economies in the region through trade and investment despite geoeconomic fragmentation globally. 

    Thus,  slower Chinese growth hurts other economies by reducing demand for imports, and reduced Chinese exports to the US hurts economies that supply capital equipment and inputs to Chinese exporters, most notably the high-tech economies in East Asia including the Republic of Korea and Japan. 

    Also, if higher US tariffs on imports from the PRC help other Asian economies to attract more FDI and increase exports to the US, Chinese firms can still share in those benefits by increasing their outbound FDI and increasing exports of intermediate inputs to those economies. Indeed, such patterns of investment and trade have already become evident, especially in Southeast Asia.

    The trade study also finds that economies with trade agreements with the US will benefit if they are exempt from US tariff increases while tariffs are imposed on their competitors without such trade agreements. Most economies in the region lack trade agreements with the US and so would be negatively affected by such a differentiated policy. 

    Finally, economies in the region should be cautious in considering whether to respond to higher US tariffs with tariffs of their own. Higher import tariffs increase the price of imports which can contribute to inflation, make goods more expensive for domestic consumers, and increase the costs of production for producers that rely on imported intermediate inputs. 

     Perhaps of greater importance for Asian economies than tariffs is the impact of the new administration’s policies on US inflation and interest rates.

    All the announced policies—to increase tariffs, reduce immigration, and extend and perhaps increase tax cuts—are likely to be inflationary, which is expected to lead to higher US interest rates for longer periods of time. These expectations are already evident in the shift in the structure of US bond yields since the US election. Despite much progress by many Asian economies to reduce reliance on US-denominated debt, financial conditions in Asia remain quite sensitive to US interest rates and to inflation news when Fed policy is data dependent as it is now. 

    Higher US rates reduce the scope for Asian central banks to lower interest rates and support growth in the region. They increase debt sustainability risks for economies with high debt levels denominated in US dollars. 

    Given higher US interest rates, our macro model predicts that currencies in the region will depreciate relative to the dollar.

    However, we do not expect weaker currencies to lead to higher inflation overall because our macro model finds that the higher interest rates and trade costs associated with US policies will reduce global GDP and demand for commodities, which will lead to lower global energy and food prices.

    In recent years, developing economies in Asia have demonstrated tremendous resilience to large shocks associated with the pandemic, commodity prices, and geoeconomic fragmentation.

    This is due to sound macroeconomic management by most governments in the region. Moreover, despite global geoeconomic fragmentation, governments have maintained their commitment to open trade and investment, which has strengthened regional economic integration.

    This impressive track record means the region is well placed to maximize opportunities for inclusive growth and remain resilient to future shocks, including unexpected policy directions of the new US administration.
     

    MIL OSI Economics –

  • MIL-OSI Economics: Development Asia: Strengthening Uzbekistan’s Public Procurement Framework via Professionalization

    Source: Asia Development Bank

    Share on:             

    Published:

    Develop certification frameworks, build sustainable capacity-building systems, and promote knowledge center collaboration.

    Disclaimer

    The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Exchange Fund Position at end-December 2024

    Source: Hong Kong Government special administrative region

    Exchange Fund Position at end-December 2024
    Exchange Fund Position at end-December 2024
    *******************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority (HKMA) today (January 27) published the unaudited financial position of the Exchange Fund at end-December 2024.           The Exchange Fund recorded an investment income of HK$219.0 billion in 2024. The main components were:      

    gains on bonds of HK$135.6 billion;
    gains on Hong Kong equities of HK$21.8 billion;
    gains on other equities of HK$68.7 billion;
    negative currency translation effect of HK$35.6 billion on non-Hong Kong dollar assets (Note 1); and
    gains on other investments of HK$28.5 billion (Note 2).

          Fees on placements by the Fiscal Reserves and placements by HKSAR Government funds and statutory bodies were HK$13.2 billion (Note 3) and HK$15.7 billion respectively in 2024, with the rate of fee payment at 3.7 per cent for 2024.           The Abridged Balance Sheet shows that the total assets of the Exchange Fund increased by HK$65.9 billion, from HK$4,016.5 billion at the end of 2023 to HK$4,082.4 billion at the end of 2024. Accumulated surplus stood at HK$731.6 billion at end-December 2024.           The Exchange Fund recorded an investment return of 5.3 per cent in 2024 (Note 4). Specifically, the Investment Portfolio achieved a rate of return of 7.2 per cent and the Backing Portfolio gained 4.1 per cent. The Long-Term Growth Portfolio (LTGP) recorded an annualised internal rate of return of 11.5 per cent since its inception in 2009 up to the end of September 2024.           Commenting on the performance of the Exchange Fund in 2024, Mr Eddie Yue, Chief Executive of the HKMA, said, “Global financial markets performed broadly well in 2024. Major economies recorded stable growth, while inflation eased closer to policy targets. Major central banks progressively lowered their policy rates. This was positive to the investment environment.           Major equity markets rose notably in 2024, with US equities making strong gains in the first three quarters on the back of a generally positive economic and inflationary fundamentals, and the fervor around the artificial intelligence industry. However, markets became more volatile in the fourth quarter and retreated from their highs as investors turned more cautious amidst concerns over rising inflation and bond yields. In the Mainland and Hong Kong, investor confidence improved, following the Central Government’s announcements of a series of policy measures in the third quarter to stimulate the economy and equity market. Nevertheless, the two equity markets softened in the fourth quarter as market participants remained somewhat uncertain about the real economic growth. Meanwhile, global bond markets experienced higher volatility. Although major central banks have affirmed their general policy direction of lowering interest rates, the pace and magnitude of rate cuts have changed a few times during the year. Entering the fourth quarter, as markets began to focus on the US fiscal policy in the coming year, US Treasury yields rose sharply and weighed on bond prices. Furthermore, the US dollar strengthened against other major currencies in 2024, particularly in the fourth quarter, as a result of the interest rate movements and the relatively strong performance of the US economy. In view of these two factors, the Exchange Fund as a whole recorded some valuation loss in the fourth quarter of 2024.           For 2024 as a whole, the Exchange Fund achieved a decent investment income. The bond portfolio has benefited from substantial interest income as a result of persistently high yields. The equity portfolio has also performed well. However, the US dollar strengthened against other major currencies, leading to a negative currency translation effect on our non-Hong Kong dollar assets.”           Mr Yue said, “Looking ahead to 2025, the global financial markets remain uncertain. Interest rate policies will continue to be the focus of the markets. According to the latest projections in December, the US Fed forecasted half a percentage point of rate cut in total in 2025. This is smaller than the previous projection of one percentage point, and reflects the Fed’s more cautious stance towards inflation. Meanwhile, the new US administration’s policies on the economy, tax and trade could add uncertainties to the inflation path. This in turn affects how much room the Fed has in adjusting monetary policy.           Furthermore, any escalation in trade frictions among major economies or geopolitical situation could impact real economic activities, and may also trigger volatility in the financial markets.           Given these challenges we face, the HKMA will, as always, adhere to the principle of capital preservation first while maintaining long-term growth. We will continue to manage the Exchange Fund with prudence and flexibility, implement appropriate defensive measures, and maintain a high degree of liquidity. We will also continue to diversify our investments to strive for higher long-term returns, ensuring that the Exchange Fund remains effective in achieving its purpose of maintaining monetary and financial stability of Hong Kong.” Note 1: This is primarily the effect of translating foreign currency assets into Hong Kong dollar after deducting the portion for currency hedging.Note 2: This is the valuation change of investments held by investment holding subsidiaries of the Exchange Fund. This figure reflects the valuations at the end of September 2024. Valuation changes of these investments from October to December are not yet available.Note 3: This does not include the 2024 fee payment to the Future Fund because such amount will only be disclosed when the composite rate for 2024 is available.Note 4: This return excludes the performance of the Strategic Portfolio and only includes the performance of LTGP up to the end of September 2024. The audited full year return will be disclosed in the 2024 annual report.

     
    Ends/Monday, January 27, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Financial news: Three deposit auctions of the PPC “TERRITORIAL DEVELOPMENT FUND” will take place on 27.01.2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https://www.moex.com/n77141

    Category24-7, MIL-AXIS, Moscow, Moskov Stotsk Exchange, Russians savings, Russians Federal, Russians Language, Russian economy

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    Date of the deposit auction 01/27/2025
    Placement currency RUB
    Maximum amount of funds placed (in placement currency) 5,523,000,000.00
    Placement period, days 22
    Date of deposit 01/27/2025
    Refund date 02/18/2025
    Minimum placement interest rate, % per annum 21.00
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 5,523,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 11:30 to 11:40
    Applications in competition mode from 11:40 to 11:45
    Setting a cut-off percentage or declaring the auction invalid until 11:55
       
    Additional terms  

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Hong Kong Customs detects case of illegally importing animals in third phase of “Pet Guardian” operation (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs detects case of illegally importing animals in third phase of “Pet Guardian” operation (with photos)
    Hong Kong Customs detects case of illegally importing animals in third phase of “Pet Guardian” operation (with photos)
    ******************************************************************************************

         Hong Kong Customs mounted an operation against smuggling of animals codenamed “Pet Guardian” with the Anti-Smuggling Bureau of Shenzhen Customs since November 2023. In late January this year, Hong Kong Customs launched the third phase of the operation and detected one suspected case of illegally importing animals on January 22. Four suspected illegally imported animals with an estimated market value of about $120,000 were seized.     On that day, Hong Kong Customs at Sha Tau Kok spotted a woman pushing a bike, who entered Hong Kong through the Chung Ying Street Checkpoint from the Mainland side of Chung Ying Street. The front basket of her bike carried two handbags suspected of containing animals. Customs officers then took action and found four suspected illegally imported animals, including one kitten and three puppies, inside the handbags. The 32-year-old woman was subsequently arrested.     Investigations of the case is ongoing and the four animals have been handed over to the Agriculture, Fisheries and Conservation Department for follow-up action.     Being a government department specifically responsible for tackling smuggling, Customs has long been combating various smuggling activities on all fronts. Customs will keep up its enforcement action and continue to resolutely combat all types of smuggling activities through proactive risk management and intelligence-based enforcement strategies, and carry out targeted anti-smuggling operations at suitable times to disrupt relevant crimes.     Customs reminds the public that importing animals into Hong Kong without a valid permit is an offence.     Under the Rabies Regulation, any person found guilty of illegally importing animals, carcasses or animal products is liable to a maximum fine of $50,000 and imprisonment for one year.

     
    Ends/Monday, January 27, 2025Issued at HKT 15:37

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Crowd safety management measures and special traffic arrangements for Che Kung Festival

    Source: Hong Kong Government special administrative region

         Police will implement crowd safety management measures and special traffic arrangements to facilitate worshippers visiting Che Kung Temple in Sha Tin during the Che Kung Festival period.

    Crowd safety management measures
    ——————————–

         A large crowd is anticipated to visit Che Kung Temple and Che Kung Festival Fair during the Lunar New Year period. Depending on the crowd conditions, one-way pedestrian flow may be implemented at MTR Tai Wai Station and in the vicinity of Che Kung Temple, including Che Kung Miu Road and Chui Tin Street, between 11pm on January 28 and 8pm on Feberuary 2 to ensure public order and safety. Members of the public are urged to observe order and be patient while waiting in a queue.

    Special traffic arrangements
    —————————-

    A. Road closure

         The following roads will be closed from 8pm on January 28 to 8pm on February 2:

    – The slow lane of westbound Che Kung Miu Road between Sha Tin Tau Road and Chui Tin Street;
    – The right-turn lane of westbound Che Kung Miu Road between Chui
    Tin Street and near Che Kung Temple;
    – The slow lane of northbound Chui Tin Street between Che Kung Miu
    Road and the entrance of Sun Chui Estate near Sun Fong House; and
    – The slow lane of southbound Chui Tin Street between Che Kung Miu
    Road and the entrance of Sun Chui Estate near Sun Fong House.

    B. Traffic diversions

         The following traffic diversions will be implemented from 8pm on January 28 to 8pm on February 2:

    – Traffic along westbound Che Kung Miu Road cannot turn left to Chui Tin Street;
    – Traffic along westbound Che Kung Miu Road cannot turn right to the private road of The Wai;
    – Traffic along southbound Chui Tin Street cannot turn left to the road leading to the public car park at Chui Tin Street near Che Kung Temple;
    – Traffic along northbound Chui Tin Street cannot turn right to the road leading to the public car park at Chui Tin Street near Che Kung Temple;
    – Traffic along southbound Chui Tin Street cannot turn right to the entrance of Sun Chui Estate near Sun Fong House;
    – Traffic along northbound Chui Tin Street cannot go straight to the private road of The Wai;
    – Traffic along westbound Che Kung Miu Road heading for southbound Chui Tin Street and the private road of The Wai will be diverted via westbound Che Kung Miu Road, roundabout and eastbound Che Kung Miu Road;
    – Traffic along southbound Chui Tin Street heading for the entrance of Sun Chui Estate near Sun Fong House will be diverted via southbound Chui Tin Street, westbound Chui Tin Street, roundabout, eastbound Chui Tin Street and northbound Chui Tin Street; and
    – Traffic along northbound Chui Tin Street heading for the private
    road of The Wai will be diverted via westbound Che Kung Miu Road, roundabout and eastbound Che Kung Miu Road.

    C. Cycle track closure

         The following cycle tracks will be closed from 8pm on January 28 to 8pm on February 2:

    – The cycle track along Tsuen Lam Road between Tai Wai Road and the western riverside of Shing Mun River Channel;
    – The cycle track along the western riverside of Shing Mun River
    Channel between Tai Wai Soccer Pitch and Che Kung Miu Road;
    – The cycle track along the eastern riverside of Shing Mun River
    Channel between Tai Wai Soccer Pitch and Man Lai Court;
    – The cycle track connecting the eastern and western riverside of Shing Mun River Channel near Block 1 of Man Lai Court;
    – The cycle tracks along both sides of Che Kung Miu Road between
    Chui Tin Street and Sha Tin Tau Road;
    – The cycle track inside the subway system at the junction between Che Kung Miu Road and Chui Tin Street;
    – The cycle track inside the subway system at the junction between Che Kung Miu Road and Sha Tin Tau Road;
    – The cycle track along southern kerbside lane of Che Kung Miu Road between Chui Tin Street and Island School Tai Wai; and
    – The cycle tracks along both sides of Chui Tin Street between Che Kung Miu Road and the unnamed road leading to public car park near Che Kung Temple.

         During the cycle track closure period, cyclists may use the cycle track along the northern riverside of Shing Mun River Channel between Lion Rock Tunnel Road and Shing Wan Road commuting to and from Sha Tin.

    D. Suspension of car parks

         The public car park at Chui Tin Street near Che Kung Temple will be suspended from 6am on January 28 to 8pm on February 2, and from 7am to 6pm daily on February 8, 9, 15 and 16, except for vehicles with permit.

         The public car park at Chui Tin Street near Greenview Garden will be suspended from 6am on January 28 to 8pm on February 2, except for vehicles with permit.

         Members of the public are advised to make use of public transport to visit Che Kung Temple and Che Kung Festival Fair.

         During the implementation of the special traffic arrangements, any vehicles found illegally parked within the precincts mentioned above will be towed away without prior warning, and may be subject to multiple ticketing.

         Police will implement the above arrangements subject to traffic and crowd conditions in the area. Members of the public are advised to exercise tolerance and patience and take heed of instructions of the Police on site.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Import of poultry meat and products from Goleniów District of Zachodniopomorskie Region in Poland suspended

    Source: Hong Kong Government special administrative region

    Import of poultry meat and products from Goleniów District of Zachodniopomorskie Region in Poland suspended
    Import of poultry meat and products from Goleniów District of Zachodniopomorskie Region in Poland suspended
    ******************************************************************************************

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (January 27) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in Goleniów District of Zachodniopomorskie Region in Poland, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the area with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 3 480 tonnes of frozen poultry meat from Poland in the first nine months of last year.     “The CFS has contacted the Polish authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

     
    Ends/Monday, January 27, 2025Issued at HKT 15:25

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: WSD’s Photo-taking Challenge on 60th Anniversary of Dongjiang Water Supply to Hong Kong starts tomorrow (with photos)

    Source: Hong Kong Government special administrative region

    WSD’s Photo-taking Challenge on 60th Anniversary of Dongjiang Water Supply to Hong Kong starts tomorrow (with photos)
    WSD’s Photo-taking Challenge on 60th Anniversary of Dongjiang Water Supply to Hong Kong starts tomorrow (with photos)
    ******************************************************************************************

         This year marks the 60th anniversary of Dongjiang water supply to Hong Kong. To commemorate this remarkable milestone with members of the public, the Water Supplies Department (WSD) is holding a Photo-taking Challenge on 60th Anniversary of Dongjiang Water Supply to Hong Kong from tomorrow (January 28) to May 18 with an aim to encourage members of the public to visit various related waterworks facilities to deepen their understanding of the Dongjiang water supply system, and also to learn from history and be grateful for the care rendered by the country. Participants who complete designated photo-taking tasks will have a chance to receive a limited edition souvenir. Members of the public are welcome to take part in the challenge.      The challenge covers six waterworks facilities, namely the Sheung Shui Dongjiang water main, the Plover Cove Reservoir, the Tai Lam Chung Reservoir, the High Island Reservoir, the Tin Shui Wai H2OPE Centre and the Shenzhen Reservoir. A section of the Sheung Shui Dongjiang water main is decorated as a bamboo with cute pandas and a WSD mascot named Water Save Dave dressed in a panda costume attract the public to take photos.      To participate, members of the public only have to take photos at the abovementioned waterworks facilities, share the photos in a public post on their Facebook or Instagram accounts and add designated hashtags and tags, and then email the screenshot of the post with the original photo to dj60@wsd.gov.hk. The challenge comprises eight challenge periods. The first 250 participants in each period to complete the above photo-taking challenge steps will receive a limited edition Water Save Dave family blind box doll. A set of four cute Water Save Dave family blind box dolls has been specially designed and produced to commemorate the 60th anniversary of Dongjiang water supply to Hong Kong, making the items exceptional collectibles. For details and rules of the challenge, please visit the event website.      Moreover, two special thematic guided tours of the Dongjiang water supply under the WSD’s “Excursion with Water Save Dave” visiting programme are being organised starting from October last year to March this year as one of the celebration activities for the 60th anniversary of the Dongjiang water supply to Hong Kong. Participants completing the two guided tours are also eligible to redeem a limited edition Water Save Dave family blind box doll. With the public’s great support and participation, the two thematic tours with 4,400 spaces has been fully taken up.

     
    Ends/Monday, January 27, 2025Issued at HKT 15:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Vietnamese PM meets Chinese ambassador on ties

    Source: China State Council Information Office

    This photo shows a view of the Chinese part of the China-Vietnam Detian-Ban Gioc Waterfall cross-border tourism cooperation zone in Chongzuo, south China’s Guangxi Province, Dec. 15, 2024. [Photo/Xinhua]

    Vietnamese Prime Minister Pham Minh Chinh has vowed to continuously solidify the foundation for building a Vietnam-China community of shared future.

    In a meeting with Chinese Ambassador to Vietnam He Wei in the Vietnamese capital, Chinh said that the traditional friendship between Vietnam and China is time-honored and unbreakable.

    The Communist Party of Vietnam and the Vietnamese government have always regarded the development of relations with China as a strategic choice and top priority, Chinh stressed.

    The Vietnamese prime minister urged both sides to fully leverage the advantages of land and sea connectivity between the two countries and step up substantive cooperation and the implementation of significant and symbolic projects.

    For his part, He said China is willing to work with Vietnam to promote the steady and long-term development of China-Vietnam friendship and contribute to regional and world peace and prosperity.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Auction of personalised vehicle registration marks to be held on February 15

    Source: Hong Kong Government special administrative region

    Auction of personalised vehicle registration marks to be held on February 15
    Auction of personalised vehicle registration marks to be held on February 15
    ****************************************************************************

         The Transport Department (TD) today (January 27) announced that an auction of personalised vehicle registration marks (PVRMs) will be held on February 15 (Saturday) in Meeting Room S421, L4, Old Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.      “A total of 240 approved PVRMs will be put up for public auction. A list of the marks has been uploaded to the department’s website, www.td.gov.hk/en/public_services/vehicle_registration_mark/index.html,” a department spokesman said.      The reserve price of each of these marks is $5,000. Applicants who have paid a deposit of $5,000 should also participate in the bidding (including the first bid at the reserve price). Otherwise, the PVRM concerned may be sold to another bidder at the reserve price.      People who wish to participate in the bidding at the auction should take note of the following points: (1) Bidders are required to produce the following documents for completion of registration and payment procedures immediately after successful bidding: (i) the identity document of the successful bidder;(ii) the identity document of the purchaser (if the purchaser and the successful bidder are different persons);(iii) a copy of the Certificate of Incorporation (if the purchaser is a body corporate); and(iv) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed. Successful bidders may also pay through the Easy Pay System (EPS), but are reminded to note the maximum transfer amount in the same day of the payment card. Payment by post-dated cheque, cash, credit card or other methods will not be accepted. (2) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of PVRM immediately after the bidding. Subsequent alteration of the particulars in the Memorandum will not be permitted. (3) A PVRM can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate. (4) The display of a PVRM on a motor vehicle should be in compliance with the requirements stipulated in Schedule 4 of the Road Traffic (Registration and Licensing of Vehicles) Regulations. (5) Any change to the arrangement of letters, numerals and blank spaces of a PVRM, i.e. single and two rows as auctioned, will not be allowed. (6) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the PVRM to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the PVRM within 12 months, allocation of the PVRM will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.      “Upon completion of the Memorandum of Sale of PVRM, the purchaser will be issued a receipt and a Certificate of Allocation of Personalised Registration Mark. The Certificate of Allocation will serve to prove the holdership of the PVRM. Potential buyers of vehicles bearing a PVRM should check the Certificate of Allocation with the sellers and pay attention to the details therein. For transfer of vehicle ownership, this certificate together with other required documents should be sent to the TD for processing,” the spokesman added.      For other auction details, please refer to the Guidance Notes – Auction of PVRM, which is available at the department’s licensing offices or can be downloaded from its website, www.td.gov.hk/en/public_services/vehicle_registration_mark/pvrm_auction/index.html.

     
    Ends/Monday, January 27, 2025Issued at HKT 14:30

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    MIL OSI Asia Pacific News –

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

    Source: Hong Kong Government special administrative region

     District 
     18 CMCTRs 
     Address 
     Telephone number for booking 
     Service hours 

     Hong Kong Island 
     Tung Wah Group of Hospitals – The University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Central & Western District) 
     1/F, Hawkins Wing and Yeo Wing, Tung Wah Hospital, 12 Po Yan Street, Sheung Wan 
     2589 4700 
     January 31, 202509:00 – 13:00 14:00 – 18:00 

     Tung Wah Group of Hospitals – The University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Eastern District) 
     Lower 4th Floor, West Wing, Specialist Out-patient Block, Pamela Youde Nethersole Eastern Hospital, 3 Lok Man Road, Chai Wan 
     3197 2000 
     January 30, 202509:00 – 13:00 January 31, 202509:00 – 13:00 

     The Hong Kong Tuberculosis Association – The University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Southern District) 
     2/F, Aberdeen Jockey Club Clinic, 10 Aberdeen Reservoir Road, Aberdeen 
     2580 8158 
     January 31, 202509:00 – 17:00   

     The Hong Kong Tuberculosis Association – The University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Wan Chai District) 
     2/F, Tang Shiu Kin Hospital Community Ambulatory Care Centre, 282 Queen’s Road East, Wan Chai 
     3553 3238 
     January 31, 202509:00 – 17:00   

     Kowloon 
     Pok Oi Hospital – Hong Kong Baptist University Chinese Medicine Clinic cum Training and Research Centre (Kowloon City District) 
     Unit 401-412, Po Man House, Oi Man Estate, Ho Man Tin 
     2193 7000 
     January 31, 202509:00 – 13:00 14:00 – 17:00 

     Christian Family Service Centre – The Chinese University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Kwun Tong District) 
     4/F, Ngau Tau Kok Jockey Club Clinic, 60 Ting On Street, Ngau Tau Kok 
     3583 4114 
     January 31, 202509:00 – 16:00   

     Yan Chai Hospital – Hong Kong Baptist University Chinese Medicine Clinic cum Training and Research Centre (Sham Shui Po District) 
     1/F, Cheung Sha Wan Government Offices, 303 Cheung Sha Wan Road, Sham Shui Po 
     2194 9911 
     January 30, 202509:00 – 13:00 January 31, 202509:00 – 13:00 

     The Hong Kong Buddhist Association – The University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Wong Tai Sin District) 
     G/F & M/F, Block C, Hong Kong Buddhist Hospital, 10 Heng Lam Street, Lok Fu 
     2338 3103 
     January 31, 202509:00 – 17:00   

     Pok Oi Hospital – Hong Kong Baptist University Chinese Medicine Clinic cum Training and Research Centre (Yau Tsim Mong District) 
     9/F, Block R, Queen Elizabeth Hospital, 30 Gascoigne Road, Jordan 
     2618 7200 
     January 31, 202509:00 – 13:0014:00 – 17:00   

     New Territories 
     Yan Oi Tong – The University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Islands District) 
     1/F, Block 2, Tung Chung Health Centre, No. 6 Fu Tung Street, Tung Chung, Lantau Island 
     3188 5383 
     January 31, 202508:00 – 13:0014:00 – 18:00 

     Yan Chai Hospital – Hong Kong Baptist University Chinese Medicine Clinic cum Training and Research Centre (Kwai Tsing District) 
     G/F, Ha Kwai Chung Polyclinic & Special Education Services Centre, 77 Lai Cho Road, Kwai Chung 
     2370 2216 
     January 30, 202509:00 – 13:00January 31, 202509:00 – 13:00 

     HKFTU Workers’ Medical Clinics – Hong Kong Baptist University Chinese Medicine Clinic cum Training and Research Centre (North District) 
     7/F, Fanling Health Centre, 2 Pik Fung Road, Fanling 
     2670 2130 
     January 31, 202509:00 – 12:0013:00 – 17:00 

     Haven of Hope – The Chinese University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Sai Kung District) 
     6/F, Ambulatory Care Block, Tseung Kwan O Hospital, No 2 Po Ning Lane, Hang Hau, Tseung Kwan O 
     2701 1020 
     January 31, 202509:00 – 12:3014:00 – 17:30 

     Pok Oi Hospital – The Chinese University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Shatin District) 
     G/F, Sha Tin (Tai Wai) Clinic, 2 Man Lai Road, Tai Wai, Sha Tin 
     2479 2126 
     January 30, 202509:00 – 13:00January 31, 202509:00 – 13:0014:00 – 17:00 

     United Christian Nethersole Community Health Service – The Chinese University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Tai Po District) 
     G/F, Block J, Alice Ho Miu Ling Nethersole Hospital, 11 Chuen On Road, Tai Po 
     2663 0004 
     January 31, 202509:00 – 13:0014:00 – 18:00  

     Yan Chai Hospital – Hong Kong Baptist University Chinese Medicine Clinic cum Training and Research Centre (Tsuen Wan District) 
     4/F, Block C, Yan Chai Hospital, 7-11 Yan Chai Street, Tsuen Wan 
     2416 0303 
     January 30, 202509:00 – 13:00January 31, 202509:00 – 13:00   

     Yan Oi Tong – The Chinese University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Tuen Mun District) 
     5/F, Yan Oi Polyclinic, 6 Tuen Lee Street, Tuen Mun 
     2430 1309 
     January 30, 202509:00 – 13:0014:00 – 18:00  

     Pok Oi Hospital – The Chinese University of Hong Kong Chinese Medicine Clinic cum Training and Research Centre (Yuen Long District) 
     3/F, Madam Yung Fung Shee Health Centre, 26 Sai Ching Street, Yuen Long 
     2478 5769 
     January 30, 202509:00 – 13:00 January 31, 202509:00 – 13:0014:00 – 17:00 

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Name Release, Fatal crash, Winton Lorneville Highway

    Source: New Zealand Police (District News)

    Police can now confirm the name of the woman who died following a two-vehicle crash on Winton Lorneville Highway, Tuesday 21 January.

    She was Thachawalai Youngdaeng of Thailand.

    Our thoughts are with her family and loved ones at this difficult time.

    Enquiries into the circumstances of the crash are ongoing.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI Economics: Money Market Operations as on January 25, 2025

    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) 0.00 – –
         I. Call Money 0.00 – –
         II. Triparty Repo 0.00 – –
         III. Market Repo 0.00 – –
         IV. Repo in Corporate Bond 0.00 – –
    B. Term Segment      
         I. Notice Money** 0.00 – –
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 0.00 – –
         IV. Market Repo 0.00 – –
         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          
         (b) Reverse Repo          
    3. MSF# Sat, 25/01/2025 1 Sun, 26/01/2025 3,351.00 6.75
      Sat, 25/01/2025 2 Mon, 27/01/2025 0.00 6.75
    4. SDFΔ# Sat, 25/01/2025 1 Sun, 26/01/2025 53,679.00 6.25
      Sat, 25/01/2025 2 Mon, 27/01/2025 52.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -50,380.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 24/01/2025 3 Mon, 27/01/2025 2,00,011.00 6.52
         (b) Reverse Repo          
    3. MSF# Fri, 24/01/2025 2 Sun, 26/01/2025 0.00 6.75
      Fri, 24/01/2025 3 Mon, 27/01/2025 83.00 6.75
    4. SDFΔ# Fri, 24/01/2025 2 Sun, 26/01/2025 52.00 6.25
      Fri, 24/01/2025 3 Mon, 27/01/2025 7,705.00 6.25
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.48  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     3,63,989.48  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     3,13,609.48  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on January 25, 2025 9,28,263.56  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 24, 2025 2,53,500.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 40,102.00  
    @ 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. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2009

    MIL OSI Economics –

  • MIL-OSI Economics: Money Market Operations as on January 26, 2025

    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) 0.00 – –
         I. Call Money 0.00 – –
         II. Triparty Repo 0.00 – –
         III. Market Repo 0.00 – –
         IV. Repo in Corporate Bond 0.00 – –
    B. Term Segment      
         I. Notice Money** 0.00 – –
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 0.00 – –
         IV. Market Repo 0.00 – –
         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          
         (b) Reverse Repo          
    3. MSF# Sun, 26/01/2025 1 Mon, 27/01/2025 3,459.00 6.75
    4. SDFΔ# Sun, 26/01/2025 1 Mon, 27/01/2025 54,345.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -50,886.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 24/01/2025 3 Mon, 27/01/2025 2,00,011.00 6.52
         (b) Reverse Repo          
    3. MSF# Sat, 25/01/2025 2 Mon, 27/01/2025 0.00 6.75
      Fri, 24/01/2025 3 Mon, 27/01/2025 83.00 6.75
    4. SDFΔ# Sat, 25/01/2025 2 Mon, 27/01/2025 52.00 6.25
      Fri, 24/01/2025 3 Mon, 27/01/2025 7,705.00 6.25
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.48  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     3,63,989.48  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     3,13,103.48  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on January 26, 2025 9,27,585.94  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 24, 2025 2,53,500.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 40,102.00  
    @ 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. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2010

    MIL OSI Economics –

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on January 27, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of bids received (in ₹ crore) 1,93,661
    Amount allotted (in ₹ crore) 1,93,661
    Cut off Rate (%) 6.51
    Weighted Average Rate (%) 6.52
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2008

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Adjustment in ceiling prices for dedicated LPG filling stations in February 2025

    Source: Hong Kong Government special administrative region

         The Electrical and Mechanical Services Department (EMSD) today (January 27) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from February 1 to February 28, 2025, in accordance with the terms and conditions of the contracts for dedicated LPG filling stations.
          
         A department spokesman said that the adjustment on February 1, 2025, would reflect the movement of the LPG international price in January 2025, and the average movement of the latest Composite Consumer Price Index and Nominal Wage Index. The overall adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $3.71 to $4.63 per litre, amounting to a decrease of $0.01 to $0.04 per litre.
          
         The spokesman said that the auto-LPG ceiling prices were adjusted according to a pricing formula specified in the contracts. The formula comprises two elements – the LPG international price and the LPG operating price. The LPG international price refers to the LPG international price of the preceding month. The LPG operating price is adjusted on February 1 and June 1 annually according to the average movement of the Composite Consumer Price Index and the Nominal Wage Index. The latest year-on-year rates of change of the Composite Consumer Price Index and the Nominal Wage Index are +1.7% and +3.6% respectively.
          
         The auto-LPG ceiling prices for respective dedicated LPG filling stations in February 2025 are as follows:
     

    Location of
    Dedicated LPG Filling Station
    Auto-LPG
    Ceiling Price in
    February 2025 (HK$/litre)
    Auto-LPG
    Ceiling Price in
    January 2025 (HK$/litre)

    Kwai On Road, Kwai Chung
    3.71
    3.75

    Sham Mong Road, Mei Foo
    3.78
    3.81

    Wai Lok Street, Kwun Tong
    3.83
    3.86

    Cheung Yip Street, Kowloon Bay
    3.88
    3.91

    Ngo Cheung Road, West Kowloon
    3.89
    3.92

    Yuen Chau Tsai, Tai Po
    3.94
    3.97

    Tak Yip Street, Yuen Long
    4.05
    4.08

    Hang Yiu Street, Ma On Shan
    4.07
    4.10

    Marsh Road, Wan Chai
    4.08
    4.11

    Fung Mat Road, Sheung Wan 
    4.11
    4.13

    Yip Wong Road, Tuen Mun
    4.20
    4.23

    Fung Yip Street, Chai Wan 
    4.63
    4.64

     
         The spokesman said that the details of the LPG international price and the auto-LPG ceiling price for each dedicated LPG filling station had been uploaded to the EMSD website (www.emsd.gov.hk) and posted at dedicated LPG filling stations to enable the trades to monitor the price adjustment.
          
         Details of the pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under the “What’s New” section of the department website at www.emsd.gov.hk/en/what_s_new/current/index.html.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Government announces appointments to Chinese Medicine Development Committee and its subcommittees

    Source: Hong Kong Government special administrative region

         The Government announced today (January 27) the appointments of 18 new non-official members and reappointments of seven incumbent non-official members to the Chinese Medicine Development Committee (CMDC). The Government also announced the appointments to the new term of the Chinese Medicine Practice Subcommittee (CMPSC) and the Chinese Medicines Industry Subcommittee (CMISC) under the CMDC.
     
         Professor Chan Wing-kwong and Mr Tommy Li Ying-sang are reappointed as the Chairmen of the CMPSC and the CMISC respectively. To provide young people with more opportunities to take part in public affairs, the newly appointed non-official members of the CMDC also include two young individuals recruited under the Member Self-recommendation Scheme for Youth (MSSY). The aforementioned appointments will take effect from February 1, 2025, for a term of two years.
     
         Moreover, the Government announced the appointment of the Hospital Chief Executive of The Chinese Medicine Hospital of Hong Kong (CMHHK) (or representative) as an ex-officio member of the CMDC, and the appointment of the representative(s) from CMHHK as an ex-officio member of the three subcommittees (i.e. the CMPSC, the CMISC and the Chinese Medicine Development Blueprint Subcommittee (CMDBSC)) under the CMDC, with a view to highlighting the hospital’s significant role in leading the development of Chinese medicine (CM) in Hong Kong.
     
         The Secretary for Health, Professor Lo Chung-mau, expressed gratitude to the outgoing members of the CMDC, the CMPSC and the CMISC for their contributions to the development of CM during their tenure, including the formulation of the framework of the Chinese Medicine Development Blueprint, and said he looked forward to working closely with the members of the new term to capitalise on the characteristics and strengths of CM in Hong Kong and promote the high-quality and high-standard development of CM in Hong Kong on all fronts through concerted efforts, thereby developing Hong Kong into a bridgehead for the internationalisation of CM.
     
         Chaired by the Secretary for Health, the CMDC gives recommendations to the Government concerning the direction and long-term strategies for CM development in Hong Kong with regard to four key areas, namely the development of CM services, personnel training and professional development, scientific research and development, as well as development of the Chinese medicines industry. Since its establishment in 2013, the CMDC has been providing valuable advice to the Government on an array of important issues in relation to CM in Hong Kong, including the establishment of CMHHK, the development of integrated Chinese-Western medicine services, the implementation of the Hong Kong Chinese Materia Medica Standards Project, the setting up of the Government Chinese Medicines Testing Institute and the formulation of the Blueprint. The CMPSC and the CMISC are two standing subcommittees under the CMDC, focusing deliberation on various areas respectively. In order to gather a wider spectrum of views when formulating the Blueprint, the Government established the CMDBSC under the CMDC in September last year to make recommendations to the CMDC on concrete strategies for the overall development of CM, as well as the short, medium and long-term objectives and feasible initiatives for the long-term planning.
     
         The membership lists of the CMDC and its three subcommittees to be effective from February 1, 2025, are as follows:
     
    The CMDC
    ————–
     
    Chairman
    ———–
    Secretary for Health
     
    Non-official members
    —————————
    #Professor Dawn Au Ching-tung
    #Professor Chair Sek-ying
    *Professor Chan Wing-kwong
    #Dr Billy Chiu Chi-fai
    #Professor Amy Chow Yin-man
    #Professor Kenny Chung Kiu-lam
    *Professor Feng Yibin
    #Professor Huang Xianzhang
    *Dr Lam Pui-yan
    #Professor Li Min
    *Mr Tommy Li Ying-sang
    *Professor Lin Zhixiu
    #Dr Liong Ching
    *Ms Lui Kam-oi
    #Mrs Mak Tang Wai-man
    #@Ms Mok Hei-ting
    #@Mr Samuel Mok Kam-sum
    #Ms Winnie Ng Wing-mui
    #Professor Douglas So Cheung-tak
    *Mr Ting Wing-fai
    #Professor Hector Tsang Wing-hong
    #Dr Wong Hung-ngan
    #Mr Kenlay Wong Kong-hui
    #Professor Justin Wu Che-yuen
    #Professor Yeung Wing-fai
     
    Ex-officio members
    ————————
    Permanent Secretary for Health
    Commissioner for Innovation and Technology (or representative)
    Director of Health (or representative)
    Chief Executive of the Hospital Authority (or representative)
    Hospital Chief Executive of CMHHK (or representative)
     
    The CMPSC
    —————
     
    Chairman
    ————
    *Professor Chan Wing-kwong
     
    Non-official members
    ————————–
    *Dr Au Cheuk-wing
    #Professor Chan Fong-yeung
    #Mr Chan Kai-yan
    *Mr Cheung Yi-chung
    *Mr William Cheung Yu-ho
    *Dr Kevin Chu Ka-wing
    *Dr Ho Yuen-shan
    #Dr Ku Ping-yui
    *Dr Lam Chun-pong
    *Ms Lam Wai-king
    *Dr Henry Lee Kai-ping
    *Ms Lin Wing-han
    *Ms Alma Ling
    *Mr Penny Ling Kwan-yee
    *Mr Eddie Lo Ting-yu
    #Dr Philip Ma Kei-chuen
    #Mr Gerry Ma Kwai-yung
    #Professor Shamay Ng Sheung-mei
    #Dr Su Jing
    *Dr Miranda Wong Tsz-yan
    #Dr Wong Yuet-ming
     
    Ex-officio members
    ————————
    Representative(s) from the Health Bureau
    Representative(s) from the Department of Health
    Representative(s) from the Hospital Authority
    Representative(s) from CMHHK
     
    The CMISC
    ————–
     
    Chairman
    ———–
    *Mr Tommy Li Ying-sang
     
    Non-official members
    ————————–
    *Ms Michelle Au Yeung Fung-ying
    *Dr Chan Kei-wai
    #Mr Chan Man-hon
    #Mr Eugene Chu Lap-shing
    *Dr Ho Chi-ming
    *Mr Kwok Tsz-ming
    #Mr Lam Chun-hong
    *Dr Lam Wing-ho
    #Professor Clara Lau Bik-san
    #Dr Grace Lau Sze-ngar
    #Ms Li Ka-yan
    #Mr Coty Lui Wai-keung
    *Professor Shen Jiangang
    #Mr Derek Sum Kwong-yip
    *Mr Nicholas Wong Lup-hoi
    *Ms Wong Sau-wan
    *Mr Edward William Yau Fook-wing
    *Mr Yip Yue-keung
    #Professor Joan Zuo Zhong
     
    Ex-officio members
    ————————
    Representative(s) from the Health Bureau
    Representative(s) from the Department of Health
    Representative(s) from the Innovation and Technology Commission
    Representative(s) from CMHHK
     
    The CMDBSC
    —————–
     
    Chairman
    ———–
    Commissioner for Chinese Medicine Development (Dr Vincent Chung Chi-ho)
     
    Non-official members
    ————————–
    Chairman of the CMPSC (Professor Chan Wing-kwong)
    Chairman of the CMISC (Mr Tommy Li Ying-sang)
    ^Convener of the Working Group on the Development of Chinese Medicine Services (Dr Liong Ching)
    ^Convener of the Working Group on the Development of Chinese Medicine Industry and Cultural Popularisation (Professor Dawn Au Ching-tung)
    ^Convener of the Working Group on the Development of Chinese Medicine Profession and Talent Cultivation (Professor Kenny Chung Kiu-lam)
    Representative of the School of Chinese Medicine of the Hong Kong Baptist University (Professor Li Min)
    Representative of the School of Chinese Medicine of the Chinese University of Hong Kong (Dr Sarah Chan Sze-nga)
    Representative of the School of Chinese Medicine of the University of Hong Kong (Professor Shen Jiangang)
    Professor Chair Sek-ying
    Mr Chan Lin-chuen
    Ms Jojo Chan Wing-yin
    Mr Abraham Chan Yu-ling
    Mr Chua Hoi-wai
    Mr Koo Hoi-lun
    Dr Kwok Tsz-kin
    Mr Lam Chun-hong
    Professor Cindy Lam Lo-kuen
    Professor Simon Lee Ming-yuen
    Professor Gilberto Leung Ka-kit
    Professor Hector Tsang Wing-hong
    Dr Wong Hung-ngan
    Mr Nicholas Wong Lup-hoi
     
    Ex-officio members
    ————————
    Representative(s) from the Health Bureau
    Representative(s) from the Department of Health
    Representative(s) from the Hospital Authority
    Representative(s) from CMHHK
     
    Note:
    # Newly appointed non-official members
    * Reappointed non-official members
    @ Joined under the MSSY
    ^ The Working Group on the Development of Chinese Medicine Services, the Working Group on the Development of Chinese Medicine Industry and Cultural Popularisation, and the Working Group on the Development of Chinese Medicine Profession and Talent Cultivation are the working groups under the CMDBSC

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: DH enhances enforcement actions against illegal use of pharmacy logo and title with approach of Chinese New Year holidays

    Source: Hong Kong Government special administrative region

    DH enhances enforcement actions against illegal use of pharmacy logo and title with approach of Chinese New Year holidays
    DH enhances enforcement actions against illegal use of pharmacy logo and title with approach of Chinese New Year holidays
    ******************************************************************************************

         With the Chinese New Year holidays approaching, the Department of Health (DH) today (January 27) reminded members of the public and travellers to verify the pharmacy logo in the prescribed form when purchasing medicines. The DH will continue to enhance enforcement actions against the illegal use of logos and titles of Authorized Sellers of Poisons (ASP) (commonly known as pharmacies) and carry out follow-up investigations of suspected violations.            Last year (2024), six limited companies and a proprietor of a retailer, which were not pharmacies, were convicted of displaying a logo, which so resembled the logo in the prescribed form of a pharmacy, at their premises, and were fined from $2,000 to $16,800.            According to the Pharmacy and Poisons Ordinance (Cap. 138) (the Ordinance), only persons authorised by the Pharmacy and Poisons Board of Hong Kong (the Board) as ASPs are allowed to conduct the relevant retail business of selling poisons at premises registered by the Board, including poisons listed in Part 1 and Part 2 of the Poisons List at Schedule 10 to the Pharmacy and Poisons Regulations (Cap. 138A). Displaying a logo in the prescribed form of a pharmacy or a logo which so resembled the logo in the prescribed form at a premises other than the registered premises of a pharmacy, or using the Chinese term “藥房” or the terms such as “pharmacy”, “dispensary”, “drug-store” in connection with any business engaged in the retail sale of poisons commits an offence. The maximum penalty upon conviction is a fine of $100,000 and two years’ imprisonment.           The use of a pharmacy logo or its title as stipulated by the Ordinance is applicable to all retailers, including those that are not licensed by the Board. The DH has been collecting intelligence through different channels. If any retailer is suspected of illegally displaying a pharmacy logo in the prescribed form or pharmacy title, the DH will follow up and carry out an investigation immediately and conduct joint operation with relevant departments when necessary.           To enable the public to identify registered pharmacies, the DH has formulated a label (see Annex) for identification of ASPs, and the labels have been sent to each pharmacy for display in a conspicuous position in the pharmacy. Users can obtain information of the registered pharmacy by scanning the QR Code on the label displayed in the pharmacy.           Members of the public can also visit the website of the Drug Office of the DH for educational materials on “‘Pharmacies’ in Hong Kong”, and names and addresses of all licensees (including ASPs).

     
    Ends/Monday, January 27, 2025Issued at HKT 12:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Money Market Operations as on January 24, 2025

    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) 5,48,443.86 6.59 5.10-6.90
         I. Call Money 11,569.87 6.57 5.10-6.70
         II. Triparty Repo 3,81,193.75 6.58 6.50-6.70
         III. Market Repo 1,53,863.34 6.61 5.84-6.78
         IV. Repo in Corporate Bond 1,816.90 6.86 6.80-6.90
    B. Term Segment      
         I. Notice Money** 253.00 6.48 6.05-6.65
         II. Term Money@@ 665.00 – 6.60-7.50
         III. Triparty Repo 1,030.00 6.67 6.55-6.70
         IV. Market Repo 327.21 6.78 6.65-6.80
         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 Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 24/01/2025 3 Mon, 27/01/2025 2,00,011.00 6.52
         (b) Reverse Repo          
    3. MSF# Fri, 24/01/2025 1 Sat, 25/01/2025 3,149.00 6.75
      Fri, 24/01/2025 2 Sun, 26/01/2025 0.00 6.75
      Fri, 24/01/2025 3 Mon, 27/01/2025 83.00 6.75
    4. SDFΔ# Fri, 24/01/2025 1 Sat, 25/01/2025 85,117.00 6.25
      Fri, 24/01/2025 2 Sun, 26/01/2025 52.00 6.25
      Fri, 24/01/2025 3 Mon, 27/01/2025 7,705.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       2,72,465.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.48  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     9,556.48  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,82,021.48  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on January 24, 2025 8,96,788.46  
         (ii) Average daily cash reserve requirement for the fortnight ending January 24, 2025 9,10,251.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 24, 2025 2,53,500.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 40,102.00  
    @ 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. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2007

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Social security payments to be raised

    Source: Hong Kong Government special administrative region

    Social security payments to be raised
    Social security payments to be raised
    *************************************

         The Social Welfare Department (SWD) announced today (January 27) that starting from February 1 this year, the standard payment rates under the Comprehensive Social Security Assistance (CSSA) Scheme as well as the rates of the Old Age Allowance (OAA), Old Age Living Allowance (OALA) (including OAA and OALA under the Guangdong Scheme and the Fujian Scheme) and Disability Allowance under the Social Security Allowance (SSA) Scheme will be raised.     An SWD spokesman said, “On December 6 last year, the Finance Committee of the Legislative Council gave approval for the Government to adjust the above rates upwards by 1.3 per cent with effect from February 1 this year in accordance with the established mechanism, i.e., on the basis of the year-on-year rate of change of the Social Security Assistance Index of Prices, benefiting around 1.6 million people in total.” The adjusted CSSA standard payment rates and the SSA rates of allowances are set out at Annex I.     The spokesman added, “Furthermore, taking into account the movement of the Consumer Price Index (A) rent index for private housing, the Government will raise the maximum rent allowance (MRA) under the CSSA Scheme by 0.2 per cent, also with effect from February 1 this year.” The adjusted MRA under the CSSA Scheme is provided at Annex II.     CSSA and SSA recipients may contact their respective social security field units or call the SWD hotline 2343 2255 for enquiries.

     
    Ends/Monday, January 27, 2025Issued at HKT 11:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Three property owners fined over $210,000 in total for not complying with removal orders

    Source: Hong Kong Government special administrative region

         â€‹Three property owners were convicted and fined over $210,000 in total at the Tuen Mun Magistrates’ Courts earlier this month for failing to comply with removal orders issued under the Buildings Ordinance (BO) (Cap. 123).

         The first case involved an unauthorised structure with an area of about 28 square metres on the flat roof of a residential building at Yan Oi Tong Circuit, Tuen Mun. As the unauthorised building works (UBWs) were carried out without prior approval and consent from the Buildings Department (BD), a removal order was served on the owner under section 24(1) of the BO.

         Failing to comply with the removal order, the owner was prosecuted by the BD and was fined $75,260, of which $55,260 was the fine for the number of days that the offence continued, upon conviction at the Tuen Mun Magistrates’ Courts on January 10.

         The second and the third cases involved several unauthorised structures with a total area of about 60 sq m on the yards and one of the roofs of two houses at San Tam Road, Yuen Long. As the UBWs were carried out without prior approval and consent from the BD, removal orders were served on two owners concerned under section 24(1) of the BO.

         Failing to comply with the removal orders, the two owners were prosecuted by the BD and were fined upon conviction at the Tuen Mun Magistrates’ Courts on January 10. One owner was fined $75,750, of which $50,750 was the fine for the number of days that the offence continued, while the other owner was fined $66,660, of which $44,660 was the fine for the number of days that the offence continued.

         A spokesman for the BD said today (January 27), “UBWs may lead to serious consequences. Owners must comply with removal orders without delay. The BD will continue to take enforcement action against owners who have failed to comply with removal orders, including instigation of prosecution, to ensure building safety.”

         Failure to comply with a removal order without reasonable excuse is a serious offence under the BO. The maximum penalty upon conviction is a fine of $200,000 and one year’s imprisonment, and a further fine of $20,000 for each day that the offence continues.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: ADB, Ayala Sign $100 Million Financing Deal to Support Electric Mobility in the Philippines

    Source: Asia Development Bank

    MANILA, PHILIPPINES (27 January 2025) — The Asian Development Bank (ADB) has signed a financing package of up to $100 million to support Ayala Corporation’s contributions to the development of an electric mobility ecosystem in the Philippines. This funding will be used to procure and install electric vehicle charging stations (EVCS) and to purchase electric vehicles for commercial distribution.

    The package includes a concessional loan from the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA). ADB’s financing, along with the concessional loan, will be used to develop a network of EVCS in the Philippines. This blended financing features an innovative pricing structure aimed at accelerating deployment of EVCS infrastructure. A portion of the ADB financing will be allocated to procure electric vehicles from leading manufacturers for distribution across the country.

    “This project is a significant step towards a sustainable and low-carbon future for the Philippines,” said ADB Country Director for the Philippines Pavit Ramachandran. “By fostering the development of a robust electric mobility ecosystem, we are not only addressing critical environmental challenges such as air pollution, but also driving economic growth through the creation of green jobs, enhancing energy security, and promoting inclusive and resilient urban development.”

    Electric vehicle (EV) development is still nascent in the Philippines. High initial costs, limited charging infrastructure, and evolving technologies have posed significant barriers to adoption of EVs in the country. But the Philippine government’s Electric Vehicle Industry Development Act and various tax incentives are helping create a more favorable environment for the growth of the EV sector.

    The creation of an EVCS network is crucial for electric vehicles to become more popular. The EVCS to be set up with the ADB financing package will address gaps in EV charging infrastructure, thereby facilitating faster adoption of electric vehicles.

    “This innovative blended financing comes at an opportune time as Ayala, through ACMobility, continues to ramp up its electric mobility investments. As we help build a comprehensive EV ecosystem for the Philippines, we wish to thank like-minded institutional partners like ADB for helping us expand our electric mobility initiatives, accelerate our contribution to the Philippines’ climate goals, and reaffirm our purpose of building businesses that enable people to thrive,” said ACMobility’s President and CEO Jaime Alfonso Zobel de Ayala.

    Established in 2024, CANPA is a trust fund managed by ADB, supported by a commitment of Can$360 million from the Government of Canada. The fund builds on the success of the two previous funds, namely the Canadian Climate Fund for the Private Sector in Asia II (CFPS II) and its predecessor CFPS. CANPA aims to support private-sector projects in Asia and the Pacific that focus on climate and nature-based solutions, while also promoting gender equality.

    Ayala Corporation is one of the Philippines’ largest and most enduring conglomerates. With a diverse portfolio that includes real estate, banking, telecommunications, and renewable energy, the company is well-positioned to lead the development of the electric mobility ecosystem in the Philippines. Key to Ayala’s growing sustainable business portfolio is its access to innovative financing options such as blended finance, which is supported by public, private and philanthropic funds.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region. 

    MIL OSI Economics –