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Category: Business

  • MIL-OSI: New Equifax Report: Fraud Concerns are Escalating with 89 per cent of Canadians Saying Companies Must Do More

    Source: GlobeNewswire (MIL-OSI)

    Seniors and Quebecers Report the Greatest Fraud Concerns
    – Equifax Canada Market Pulse Fraud Trends and Consumer Survey Report –

    TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — Concerns about fraud are escalating among Canadians, with a new Equifax Canada survey* conducted ahead of Fraud Prevention Month revealing that 89 per cent of those surveyed believe companies must do more to protect personal data. Seniors and Quebec residents are particularly worried, demanding stronger fraud prevention measures and broader fraud education.

    Key findings of the survey:

    • More than half (55 per cent) of respondents believe identity thieves will always be one step ahead, with 51 per cent unsure of how to respond to fraud.
    • Seniors aged 65+ feel most at risk, with 96 per cent agreeing that companies must improve fraud protections, compared to 75 per cent of those aged 18-24.
    • Quebec (94 per cent) residents demanded the most action from companies on fraud prevention, while Alberta (86 per cent) was the lowest.
    • 64 per cent of respondents recognize that financial fraud fuels serious crimes like human trafficking and illegal weapons trade.
    • 58 per cent of respondents struggle to keep up with the latest scams, leaving many feeling vulnerable.
    • 48 per cent of respondents personally know someone who has been a victim of identity theft.

    “Fraud prevention is a major concern for many Canadians. Research shows that every dollar lost to a fraudster costs individuals and banks significantly more money. Companies must act now to strengthen fraud protection,” said Carl Davies, Head of Fraud & Identity at Equifax Canada. “Canadians, especially older adults, are demanding better safeguards to prevent financial crimes and identity theft.”

    The Auto Industry: A Hotspot for Fraud
    Auto fraud is a major concern with rates escalating in most provinces, particularly Ontario. According to recent Equifax Canada data, auto application fraud rate in Q4 2024 reached 0.26 per cent, up by 2 bps from Q3 2024 and up 9 bps when compared to 24 months ago. Falsified documents and inflated income are key drivers of first-party fraud in this sector, making up close to 80 per cent of all fraudulent applications. Consumers who are new-to-credit and new-to-Canada had significantly higher auto fraud rates in 2024 than other consumers — more than double the fraud rate that we see from consumers with more established credit files. Auto application fraud rates for those New to Canada/New to Credit in 2024 was 0.51 per cent compared to existing consumers at 0.22 per cent.

    Mortgage Fraud is Down but Falsified Financial Documents Remain a Challenge
    Equifax Canada is reporting that the Canadian mortgage market continues to slowly rebound from its lows in 2023, demonstrating growth in Q4 2024 with increased new mortgage accounts. Mortgage fraud rates have decreased significantly year-over-year, from 0.46 per cent in Q4 2023 to 0.19 per cent in Q4 2024. Despite this positive trend, falsified financial documents, such as bank statements and down payment information, remain a significant component of mortgage fraud at over 90 per cent. “This decline in fraud rates might be temporary. As interest rates gradually decrease, a potential surge in first-time buyers in 2025 could lead to increased fraudulent activity in mortgage credit applications. Consumers may misrepresent their financial information in an attempt to secure the best possible rates,” Davies warns.

    A Call for Stronger Corporate and Government Action
    Canadian survey respondents believe financial institutions, businesses, and the government all have a role to play in strengthening fraud prevention measures:

    • 88 per cent of respondents believe that both the public and private sectors must work together to combat financial crime
    • 84 per cent believe the government must improve public fraud education, with 91 per cent of seniors (65+) strongly agreeing
    • 77 per cent recognize the need to take personal steps to safeguard their data, but many feel unprepared
    • 61 per cent say banks should implement stronger security protocols
    • 59 per cent believe companies should leverage more sophisticated fraud detection tools

    Equifax Canada urges Canadians to take active steps in protecting their identities by regularly reviewing their credit reports for unusual activity, enabling multi-factor authentication on sensitive accounts, avoiding public WiFi for financial transactions, educating themselves on new fraud schemes, and consider investing in fraud protection services such as those offered by Equifax Canada.

    “As fraud tactics evolve, Canadians must remain vigilant,” added Davies. “By combining stronger corporate policies, government oversight, and personal diligence, we can make strides in fraud prevention.”

    * Equifax surveyed 1,590 Canadians ages 18-65, Feb. 7-9. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.

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

    Contact:

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

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network –

    March 4, 2025
  • MIL-OSI: Proposals to the Annual General Meeting of Municipality Finance Plc

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock Exchange Release
    4.3.2025 at 12 noon (EET)

    Proposals to the Annual General Meeting of Municipality Finance Plc

    Municipality Finance Plc’s (hereinafter MuniFin) Board of Directors (the Board) and the Shareholders’ Nomination Committee (the Nomination Committee) have made the following proposals to the Annual General Meeting (the AGM) convening on 25 March 2025 at 10:00 (EET):

    Use of profit shown on the balance sheet and the distribution of dividend

    MuniFin has distributable funds of EUR 373,330,287.47 of which the profit for the financial year totaled EUR 73,737,412.43.

    In accordance with the dividend policy MuniFin’s aim is to pay 30-60% of the Group’s financial year’s profit in dividends. The Board proposes to the AGM that a dividend of EUR 1.86 per share, totaling EUR 72,658,664.28 shall be distributed based on the balance sheet to be adopted for 2024. This corresponds to 54.8% of the Group’s financial year’s profit.

    MuniFin’s profit for the financial year is strong. The Board considers the proposed payment of dividend justified. MuniFin clearly fulfils all the prudential requirements set to it. No substantial changes in the company’s financial position have occurred after the end of the financial year and the Board estimates that the distribution of dividends will not place the fulfilment of the capital requirements or the company’s liquidity in jeopardy nor is it incompatible with the legislation applicable to MuniFin.

    The dividend is paid to a shareholder who is registered in the company’s shareholder register maintained by Euroclear Finland Ltd on the record date of dividend payment on 27 March 2025. The Board proposes that the dividend be paid 3 Aprill 2025 or as soon as possible thereafter.

    Remuneration and composition of the Board

    The Nomination Committee proposes to the AGM the following remuneration of the Board for the term from the closing of the 2025 AGM to the closing of the next AGM (the Term 2025-2026):

    • Annual fixed remuneration of the Chair of the Board EUR 51,000
    • Annual fixed remuneration of the Vice Chair of the Board EUR 33,000;
    • Annual fixed remuneration of the Chair of the Risk or Audit Committee EUR 36,000;
    • Annual Fixed remuneration of Board member EUR 28,000; and
    • For each Board and committee meeting as well as for each meeting required by the authorities, to the members and Vice chair of the Board, a fee of EUR 600 per meeting attended and to the Chairs, EUR 950 per meeting attended

    The proposed remuneration means an increase of EUR 6,000 to the annual fixed remuneration of the Chair of the Board, an increase of EUR 4,000 to the annual fixed remuneration of the Vice Chair of the Board, an increase of EUR 5,000 to the annual fixed remuneration of the Chairs of the Risk and Audit Committees and an increase of EUR 3,000 to the annual fixed remuneration of a Board member.

    The Nomination Committee proposes to the AGM that nine members will be elected to the Board for the Term 2025–2026. The Nomination Committee proposes that the following current members will be re-elected: Ms. Maaria Eriksson, Mr. Kari Laukkanen, Mr. Tuomo Mäkinen, Ms. Elina Stråhlman, Ms. Leena Vainiomäki and Mr. Arto Vuojolainen. In addition, the Nomination Committee proposes that Ms. Liisa Harju, Mr. Juho Malmberg and Mr. Henrik Rainio will be elected to the Board as new members. Mr. Markku Koponen and Mr. Dennis Standell, current members of the Board, will not be available to the Board for the next term.

    Liisa Harjula serves as Senior Ministerial Adviser at the Ownership Steering Department of the Prime Minister’s Office. Harjula has extensive experience in private equity investment, financial management, and investor relations. Juho Malmberg is a professional board member with extensive experience from leadership roles in IT management across the banking sector and other industries. Henrik Rainio serves as the Director of Finance at the City of Porvoo. Rainio has essential expertise in the Finnish municipal sector, which is crucial for MuniFin’s business.

    The Nomination Committee proposes to the Board to be elected by the AGM to reappoint Kari Laukkanen as the Chair and Maaria Eriksson as the Vice Chair.

    Election and remuneration of the auditor

    The Board proposes to the AGM to elect PricewaterhouseCoopers Oy as the company’s auditor for the Term 2025–2026. PricewaterhouseCoopers Oy has announced that if they are elected as the company’s auditor, Jukka Paunonen, APA, will act as the principal auditor. The Board proposes to the AGM that the auditor’s fees be paid according to the invoice approved by the company.

    Sustainability reporting verifier and remuneration

    The Board proposes to the Annual General Meeting that the authorized sustainability audit firm PricewaterhouseCoopers Oy be selected as the company’s sustainability reporting assurer for the term 2025-2026. PricewaterhouseCoopers Oy has informed the company that Tiina Puukkoniemi will act as the responsible sustainability reporting auditor. The Board proposes to the Annual General Meeting that the sustainability reporting assurer’s fees be paid according to the invoice approved by the company.

    The invitation to the AGM, including relevant appendices, is available on MuniFin’s website in Finnish.

    MUNICIPALITY FINANCE PLC

    Further information:

    Esa Kallio
    President and CEO
    tel. +358 50 337 7953

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    The MIL Network –

    March 4, 2025
  • MIL-OSI: 36Kr Holdings Inc. to Report Second Half and Fiscal Year 2024 Financial Results on Tuesday, March 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 04, 2025 (GLOBE NEWSWIRE) — 36Kr Holdings Inc. (“36Kr” or the “Company”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that it will report its second half and fiscal year 2024 unaudited financial results, on Tuesday, March 11, 2025, before the open of U.S. markets.

    The Company’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 11, 2025 (8:00 p.m. Beijing/Hong Kong Time on March 11, 2025).

    For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

    Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.36kr.com.

    A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:

    United States: +1-855-883-1031
    International: +61-7-3107-6325
    Hong Kong, China: 800-930-639
    Mainland China: 400-120-9216
    Replay PIN: 10045861
       

    About 36Kr Holdings Inc.

    36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy.

    For more information, please visit: http://ir.36kr.com.

    For investor and media inquiries, please contact:

    In China:

    36Kr Holdings Inc.
    Investor Relations
    Tel: +86 (10) 8965-0708
    E-mail: ir@36kr.com

    Piacente Financial Communications
    Jenny Cai
    Tel: +86 (10) 6508-0677
    E-mail: 36Kr@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: 36Kr@tpg-ir.com

    The MIL Network –

    March 4, 2025
  • MIL-OSI: Saras Micro Devices Announces Participation in CHIPS National Advanced Packaging Manufacturing Program Initiatives

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., March 04, 2025 (GLOBE NEWSWIRE) — Saras Micro Devices (Saras), an emerging leader in cutting-edge system power performance solutions leveraging integrated packaging design, today announced its participation in two significant projects funded by the U.S. Department of Commerce CHIPS National Advanced Packaging Manufacturing Program (NAPMP). Each project was awarded $100 million in government funding.

    The first initiative is the Substrate-based Heterogeneous Integration Enabling Leadership Demonstration for the USA (SHIELD USA) project, led by Arizona State University (ASU) and Deca Technologies, Inc. The second is the Substrate and Materials Advanced Research and Technology (SMART) Packaging Program, led by Absolics, Inc. Saras will contribute its STILE™ product technology to both projects to enhance device package integration of advanced power delivery solutions for high-performance computing (HPC) and artificial intelligence (AI) applications.

    “Saras’ STILE technology enhances our substrate efforts,” said Jason Conrad, chief operating officer of ASU’s Southwest Advanced Prototyping (SWAP) Hub and site lead for MacroTechnology Works. “It adds functionality that complements our core development goals, helping to further elevate the capabilities of the advanced packaging solutions we’re developing.”

    Over the past year, Saras has secured seven foundational patents for its capacitor and STILE technologies from the United States Patent Trademark Office. This achievement underscores the company’s commitment to innovating critical solutions in power delivery for next-generation AI and HPC devices.

    “The power delivery challenges posed by AI require innovative solutions,” said Ron Huemoeller, CEO of Saras. “Our STILE technology addresses these challenges by enabling in-package power delivery close to the source, improving both efficiency and performance while opening up package real estate for higher levels of chiplet integration. By collaborating on the SHIELD USA and SMART projects, we’re able to contribute critical AI power delivery elements and, consequently, significantly advance U.S. semiconductor manufacturing capabilities.”

    STILE introduces a multi-domain, integrated passive module that embeds directly into the substrate core of device packages. This approach reduces the need for multiple function-specific devices, maximizes packaging real estate by optimizing space, and supports higher levels of chiplet integration—essential for the demands of AI workloads. The technology aligns with the goals of the NAPMP projects and will extend the advanced substrate technology solutions that the SHIELD USA project and SMART Packaging Program are focused on delivering.

    “This joint effort exemplifies how integrating complementary innovations can drive advancements in semiconductor packaging and address the performance demands of AI and HPC applications,” stated Craig Bishop, CTO of Deca Technologies. “SHIELD is truly a collaborative effort, combining Saras’ embedded passive technology with Deca’s novel interconnects at ASU’s research fab to demonstrate leap-ahead organic substrates.”

    The collaborations under the NAPMP advanced substrate and material projects highlight the importance of innovative power delivery solutions in maintaining U.S. leadership in semiconductor technology. By developing and scaling advanced packaging processes, materials, and equipment, these initiatives aim to create a robust foundation for high-volume semiconductor packaging production in the United States, enhancing national security and economic resilience.

    About Saras Micro Devices

    Established in 2021, Saras Micro Devices is revolutionizing the way power is delivered to advanced semiconductor devices. The company is developing custom and standard integrated passive modules that will significantly improve power performance and efficiency, addressing the challenges faced by the high-performance computing devices serving the growing demand for AI, ML, AR/VR, 5G/6G, and more. Instituted by an impressive team of advanced packaging experts with a combined 150+ years of experience in the microelectronics industry, Saras introduces an innovative embedded, 3D-integrated, vertical power delivery solution that enables higher per-watt performance, minimized routing losses, and greater overall efficiency while reducing the power management impact on the package footprint. Saras Micro Devices has simplified a currently complex solution for managing and optimizing power delivery. Uncover and explore further insights at sarasmicro.com.

    Media Contact:

    Mindy Lok, Kiterocket

    Phone: 480.240.8874

    Email: mlok@kiterocket.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92979eb5-3ef8-458e-b3ac-501ec720a75b

    The MIL Network –

    March 4, 2025
  • MIL-OSI United Kingdom: Employment Rights Bill to boost productivity for British workers and grow the economy

    Source: United Kingdom – Government Statements

    Press release

    Employment Rights Bill to boost productivity for British workers and grow the economy

    The Government will today table amendments to the Employment Rights Bill.

    • The Government will lay amendments to the Employment Rights Bill following weeks of consultation with business groups and unions. 
    • The Bill will support the Government’s mission to increase productivity and create the right conditions for long-term sustainable, inclusive, and secure economic growth, delivering on the Plan for Change.
    • Improving workers’ rights is a key element of the government’s Plan for Change by putting more money in people’s pockets, improving working people’s day to day lives and delivering real life improvements felt by working people. 

    The Government will today [Tuesday 4 March] table amendments to the Employment Rights Bill following weeks of consultation and responses from business groups, trade unions and wider civil society. 

    These amendments demonstrate the Government’s commitment to working in partnership with businesses and trade unions to ensure the plan to Make Work Pay is firmly pro-business and pro-worker. 

    Responses to five consultations ranging from zero-hours contracts to Statutory Sick Pay will also be published which show how the Government has listened to the views of stakeholders. 

    The Government’s Plan to Make Work Pay is a core part of the mission to grow the economy, raise living standards and create opportunities for people across the country. These amendments will deliver on the Plan for Change by tackling the low pay, poor working conditions and poor job security that has been holding the UK economy back. 

    This landmark Bill will extend the employment protections already given by the best British companies to millions more workers. This will put the UK back in step with competitors in other advanced economies, who are already acting to adapt to the changing world of work. 

    The Bill’s impact assessment, which was published last year, showed that many of the policies within the Employment Rights Bill could help support the Government’s Mission for Growth.” It concluded that that the package could have “a positive but small direct impact on economic growth” and will “help to raise living standards across the country and create opportunities for all.” This is the result of a pro-business, pro-worker, approach which is going to help usher in a decade of national renewal. 

    The Deputy Prime Minister Angela Rayner said:

    For too long millions of workers have been forced to face insecure, low paid and irregular work, while our economy is blighted by low growth and low productivity.   

    We are turning the tide – with the biggest upgrade to workers’ rights in a generation, boosting living standards and bringing with it an upgrade to our growth prospects and the reforms our economy so desperately needs.   

    We have been working closely with businesses and workers to progress this landmark bill and deliver our Plan for Change – unleashing growth and making work pay for everyone.

    Business Secretary Jonathan Reynolds said:

    Past Governments’ low growth and low productivity economy simply did not deliver what the UK needs, which is why we are choosing stability, investment and reform, not chaos, austerity and decline. This is why our mission to grow the economy as part of our Plan for Change is based on putting more money in working people’s pockets by making wages fairer and work more secure.  

    Many businesses already have worker friendly practices in place and can attest to the positive impact they have on retention, productivity and job satisfaction. We want to go further and untap the UK’s full potential by attracting the best talent and giving business the confidence to hire to help the economy grow.

    The amendments set out later today carefully consider different views and needs of workers, businesses and the whole economy and looks to deliver measures that support the mutual interests required to drive a growing, modern economy. We are delivering reform through our Plan for Change to create a decade of national renewal, meaning increased living standards across every part of the UK and putting politics back in the service of working people. 

    They come following responses received to five Government consultations: 

    • Application of zero hours contracts measures to agency workers

      All workers, including up to 900,000 agency workers in the UK, should be able to access a contract which reflects the hours they regularly work. These amendments will ensure that agency work does not become a loophole in our plans to end exploitative zero hours contracts. They will offer increased security for working people to receive reasonable notice of shifts and proportionate pay when shifts are cancelled, curtailed or moved at short notice – whilst retaining the necessary flexibility for employers in how they manage their workforces.  

    • Strengthening remedies against abuse of rules on collective redundancy

      The Government will increase the maximum period of the protective award from 90 days to 180 days and issue further guidance for employers on consultation processes for collective redundancies. Increasing the maximum value of the award means an Employment Tribunal will be able to grant larger awards to employees for an employer’s failure to meet consultation requirements. We want to enhance the deterrent against employers deliberately ignoring their collective consultation obligations and ensure it is not financially beneficial to do so. 

    • Creating a Modern Framework for Industrial Relations

      The government is updating the legislative framework in which trade unions operate to align it with modern work practices. We are ensuring industrial relations are underpinned by collaboration, proportionality, accountability, and a system that balances the interests of workers, businesses and the wider public, with further details in the consultation response.   

    • Strengthening Statutory Sick Pay

      The Government will ensure the safety net of Statutory Sick Pay is available to those who need it the most, making it a legal right for all workers for the very first time.  Up to 1.3 million employees on low wages who find themselves unable to work due to sickness will either receive 80 per cent of their average weekly earnings or the current rate of Statutory Sick Pay – whichever is lower. We are also ensuring employees have a right to Statutory Sick Pay from the first day of sickness absence, so they are able to take the time off they need to recover and stay in work rather than risk dropping out altogether. The changes will also reduce the amount of people going to work when ill and therefore the spread of infections in the workplace – boosting productivity and benefiting businesses. 

    • Tackling non-compliance in the umbrella company market

      The Government will act to ensure that workers can access comparable rights and protections when working through a so-called umbrella company as they would when taken on directly by a recruitment agency. Enforcement action can be taken against any umbrella companies that do not comply.  

    A strong package of workers’ rights and protections goes hand in hand with a strong economy because a secure workforce will be more productive and have more confidence to spend in the economy. This contributes to growth – both through the work that people do, and the money that they spend. 

    As well as creating protections for people at work, the Government is determined to create a modern economy that works for businesses and workers alike. We are delivering these reforms collaboratively, pragmatically, and in a reasonable timeframe where businesses can prepare.  

    For businesses to thrive they must operate on a level playing field. The Fair Work Agency will take strong action against rogue employers that exploit their workers, and it will provide better support to the majority of businesses who want to do right by their staff. 

    The Government will continue to hold continuous extensive engagement as we develop our Plan to Make Work Pay and as the details of these polices are developed. 

    Paul Nowak, TUC General Secretary said:

    Everyone deserves security and respect at work. These common-sense reforms will improve the quality of jobs in this country, boost growth and put more money into people’s pockets. 

    Policies like banning exploitative zero-hours contracts, ensuring protection from unfair dismissal from day one, and tackling ‘fire and rehire’ are long overdue and necessary. 

    This is about creating a modern economy that works for workers and business alike. Driving up employment standards in Britain will stop good employers from being undercut by the bad and will mean more workers benefit from a union voice.

    Jane Gratton, Deputy Director of Public Policy at the BCC, said:

    Employers will be relieved to see some amendments, at what is clearly a milestone moment for Government. It has consulted business – and this is reflected in some of the decisions on the future shape of the legislation. There is much here to welcome as sensible moves that will help ensure that employment works for both the business and the individual, including the nine-month statutory probation period and the promise of a light touch approach, as well as the return to the single establishment rule for collective redundancy. 

    But businesses remain cautious, and it is important to continue ensuring the Bill strikes the right balance.  Employers will look forward to hearing, engaging with and shaping further detail. The government must continue its positive approach to engagement with firms and remain open to changes. Doing so will ensure this legislation is proportionate, affordable, and right for both firms and their employees.

    Centrica Group Chief Executive, Chris O’Shea said:

    We are fully supportive of this legislation. This isn’t just the right thing to do—it’s a foundation for the high-growth, high-skill economy the UK needs. While no one business has all the answers, our experience at Centrica shows that our business thrives when our people thrive – so stronger rights for workers mean stronger businesses, and that’s a win for everyone.  

    As we look to invest billions in green energy, nuclear, and hydrogen storage, having a skilled and engaged workforce is critical to delivering on the UK’s energy security and net zero ambitions. The Government’s wider growth and energy missions rely on businesses and workers pulling in the same direction—I hope this Bill helps make that possible.

    Julie Abraham, CEO of Richer Sounds said:

    At Richer Sounds, we have always put the treatment and wellbeing of our colleagues at the forefront of everything we do.  Any responsible business will know that well-treated and well-paid colleagues will be beneficial in numerous ways.  

    Happy colleagues are likely to be more productive. This also leads to reduced stock loss and higher staff retention, which in turn, minimises recruitment and training costs, not to mention disruption to established teams.  We support any government legislation that will help end exploitative working practices and improve the lives of working people.

    Ann Francke OBE, Chief Executive Officer of the Chartered Management Institute (CMI), said:

    The Employment Rights Bill represents a significant step forward in improving conditions for the UK’s workforce. Many of these measures reflect what successful, responsible and forward-looking employers are already doing.  

    CMI has welcomed the Government’s collaborative approach in progressing this Bill, working alongside both businesses and unions to find the balance needed. The real key to success, however, will be the ability of skilled managers to implement these changes, ensuring they get it right and can deliver growth and productivity benefits for organisations whilst ensuring individuals are treated fairly.  

    We look forward to working closely with the Fair Work Agency to ensure managers and leaders are equipped with the skills they need to navigate this milestone piece of legislation.

    Simon Deakin, Professor of Law, University of Cambridge said:

    The research we have done in Cambridge shows that on average, strengthening employment laws in this country in the last 50 years has had pro-employment effects.  

    The consensus on the economic impacts of labour laws is that, far from being harmful to growth, they contribute positively to productivity. Labour laws also help ensure that growth is more inclusive and that gains are distributed more widely across society.

    Claire Costello, Chief of People and Inclusion Officer – Co-op

    The Co-op support the Government’s ambitions to strengthen rights for workers through the Employment Rights Bill. It’s our belief that treating employees well – a key objective of this Bill – will promote productivity and generate the economic growth this country needs.

    Neil Carberry, CEO of Recruitment & Employment Confederation, said:

    Regulating the umbrella market closes a loophole in addressing non-compliance. Recruiters have long called for regulations that ensure a level playing-field. Like all aspects of the Government’s changes, proper enforcement will be key to protecting both businesses and workers.

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    Published 4 March 2025

    MIL OSI United Kingdom –

    March 4, 2025
  • MIL-OSI United Nations: ‘Rapid expansion’ of synthetic drugs reshaping illicit markets, UN anti-narcotics body warns

    Source: United Nations MIL OSI

    4 March 2025 Law and Crime Prevention

    Synthetic drugs are rapidly transforming the global drug trade, fuelling an escalating public health crisis, according to the UN administered International Narcotics Control Board (INCB).

    In its 2024 Annual Report, released on Tuesday, the INCB explains that unlike plant-based drugs, these substances can be made anywhere, without the need for large-scale cultivation, making them easier and cheaper for traffickers to produce and distribute.

    The rise of powerful opioids like fentanyl and nitazenes – potent enough to cause overdoses in tiny doses – has worsened the crisis, driving record-high deaths.

    “The rapid expansion of the illicit synthetic drug industry represents a major global public health threat with potentially disastrous consequences for humankind,” said INCB President Jallal Toufiq.

    “We need to work together to take stronger action against this deadly problem which is causing hundreds of deaths and untold harm to communities,” he continued.

    Traffickers stay ahead of regulations

    Criminal groups are constantly adapting to evade law enforcement.

    By exploiting legal loopholes, they develop new synthetic compounds and use artificial intelligence to find alternative chemicals for drug production.

    New smuggling methods – including drones and postal deliveries – make these drugs harder to detect.

    As a result, seizures of synthetic substances are now outpacing those of traditional plant-based drugs like heroin and cocaine.

    Patchwork response

    Despite efforts to curb synthetic drugs, responses remain fragmented, allowing traffickers to stay ahead.

    The INCB is calling for stronger global cooperation, including partnerships between governments, private companies and international organizations, to disrupt supply chains and prevent harm.

    Medication out of reach

    While synthetic drugs flood illegal markets, millions of people in low- and middle-income countries still lack access to essential pain relief medication.

    The report highlights that opioid painkillers such as morphine, remain unavailable in regions like Africa, South Asia and Central America – not due to supply shortages, but because of barriers in distribution and regulation.

    The INCB is urging opioid-producing nations to increase production and affordability to improve palliative care and pain management.

    Regional hotspots concerns

    The report identifies several regions where synthetic drug trafficking is expanding.

    In Europe, the looming heroin deficit following Afghanistan’s 2022 opium ban could push more users toward synthetic alternatives while in North America, despite efforts to curb the crisis, synthetic opioid-related deaths remain at record highs.

    The manufacture, trafficking and use of amphetamine-type stimulants are increasing across the Middle East and Africa, where treatment and rehabilitation services are often inadequate.

    Meanwhile, in the Asia-Pacific region, methamphetamine and ketamine trafficking continues to grow, particularly in the Golden Triangle.

    Call for urgent action

    The INCB is urging governments to strengthen international collaboration, improve data-sharing and expand drug prevention and treatment services.

    Without decisive action, the synthetic drug trade will continue to evolve, putting more lives at risk.

    MIL OSI United Nations News –

    March 4, 2025
  • MIL-OSI Asia-Pac: Statistics on vessels, port cargo and containers for the fourth quarter of 2024

    Source: Hong Kong Government special administrative region

    Statistics on vessels, port cargo and containers for the fourth quarter of 2024
    Statistics on vessels, port cargo and containers for the fourth quarter of 2024
    *******************************************************************************

         The Census and Statistics Department (C&SD) today (March 4) released the statistics on vessels, port cargo and containers for the fourth quarter of 2024.           In the fourth quarter of 2024, total port cargo throughput increased by 1.1% to 44.3 million tonnes over a year earlier.  Within this total, inward port cargo decreased by 3.5% to 27.3 million tonnes, while outward port cargo increased by 9.6% to 17.1 million tonnes.           For 2024 as a whole, total port cargo throughput increased by 1.0% to 176.7 million tonnes over a year earlier.  Within this total, inward port cargo decreased by 0.5% to 111.1 million tonnes, while outward port cargo increased by 3.9% to 65.6 million tonnes.           On a seasonally adjusted quarter-to-quarter comparison, total port cargo throughput increased by 2.4% in the fourth quarter of 2024.  Within this total, inward port cargo decreased by 1.4% compared with the preceding quarter, while outward port cargo increased by 8.9% compared with the preceding quarter.  The seasonally adjusted series enables more meaningful shorter-term comparison to be made for discerning possible variations in trends.      Port cargo      In the fourth quarter of 2024, within port cargo, seaborne cargo decreased by 1.8% to 27.8 million tonnes over a year earlier, while river cargo increased by 6.5% to 16.5 million tonnes over a year earlier.           In the whole year of 2024, within port cargo, seaborne cargo decreased by 4.1% to 110.5 million tonnes over a year earlier, while river cargo increased by 10.9% to 66.2 million tonnes over a year earlier.           Comparing the fourth quarter of 2024 with a year earlier, double-digit increases were recorded in the tonnage of inward port cargo loaded in Korea (+43.4%) and Singapore (+18.3%).  On the other hand, double-digit decreases were recorded in the tonnage of inward port cargo loaded in Indonesia (-42.5%), the United States of America (-31.5%), Malaysia (-24.1%), Thailand (-20.6%), Vietnam (-17.7%) and Japan (-13.1%).  For outward port cargo, double-digit increases were recorded in the tonnage of outward port cargo discharged in Taiwan (+29.9%), Vietnam (+21.6%), the mainland of China (+21.4%) and Korea (+20.3%).  On the other hand, double-digit decreases were recorded in the tonnage of outward port cargo discharged in the Philippines (-49.0%), Malaysia (-21.9%), Japan (-17.6%) and the United States of America (-12.1%).           Comparing the whole year of 2024 with a year earlier, double-digit increases were recorded in the tonnage of inward port cargo loaded in Korea (+29.4%) and Singapore (+21.4%).  On the other hand, double-digit decreases were recorded in the tonnage of inward port cargo loaded in the United States of America (-27.5%), Indonesia (-26.9%), Malaysia (-21.0%), Vietnam (-18.3%), Thailand (-16.0%) and Japan (-15.8%).  For outward port cargo, double-digit increases were recorded in the tonnage of outward port cargo discharged in Vietnam (+15.3%), the mainland of China (+12.6%) and Taiwan (+11.5%).  On the other hand, double-digit decreases were recorded in the tonnage of outward port cargo discharged in the Philippines (-32.2%), Japan (-19.2%), Malaysia (-16.0%), Thailand (-13.4%) and the United States of America (-10.9%).           Comparing the fourth quarter of 2024 with a year earlier, double-digit changes were recorded in the tonnage of inward port cargo of “metalliferous ores and metal scrap” (+26.3%), “petroleum, petroleum products and related materials” (+22.8%), “artificial resins and plastic materials” (-10.1%), “stone, sand and gravel” (-13.2%) and “coal, coke and briquettes” (-48.2%).  As for outward port cargo, triple-digit or double-digit increases were recorded in the tonnage of “stone, sand and gravel” (+169.0%), “metalliferous ores and metal scrap” (+30.1%) and “live animals chiefly for food and edible animal products” (+11.8%).           Comparing the whole year of 2024 with a year earlier, double-digit changes were recorded in the tonnage of inward port cargo of “petroleum, petroleum products and related materials” (+17.5%), “metalliferous ores and metal scrap” (+12.2%) and “coal, coke and briquettes” (-15.3%).  As for outward port cargo, triple-digit or double-digit changes were recorded in the tonnage of “stone, sand and gravel” (+142.8%), “metalliferous ores and metal scrap” (+13.7%) and “live animals chiefly for food and edible animal products” (-11.2%).   Containers      In the fourth quarter of 2024, the port of Hong Kong handled 3.51 million TEUs of containers, representing a decrease of 2.8% over a year earlier.  Within this total, laden and empty containers decreased by 0.2% and 11.7% to 2.79 million TEUs and 0.72 million TEUs respectively.  Among laden containers, inward containers remained virtually unchanged, at 1.48 million TEUs, while outward containers decreased by 0.4% to 1.31 million TEUs.           For 2024 as a whole, the port of Hong Kong handled 13.69 million TEUs of containers, representing a decrease of 5.0% over a year earlier.  Within this total, laden and empty containers decreased by 3.4% and 10.6% to 10.93 million TEUs and 2.76 million TEUs respectively.  Among laden containers, inward and outward containers decreased by 3.3% and 3.5% to 5.85 million TEUs and 5.08 million TEUs respectively.           On a seasonally adjusted quarter-to-quarter comparison, laden container throughput increased by 2.7% in the fourth quarter of 2024.  Within this total, inward and outward laden containers increased by 1.5% and 4.1% respectively.           In the fourth quarter of 2024, seaborne laden containers decreased by 1.4% to 1.93 million TEUs over a year earlier, while river laden containers increased by 2.6% to 0.86 million TEUs.           In the whole year of 2024, seaborne laden containers decreased by 5.0% to 7.63 million TEUs over a year earlier, while river laden containers increased by 0.6% to 3.30 million TEUs. Vessel arrivals      Comparing the fourth quarter of 2024 with a year earlier, the number of ocean vessel arrivals decreased by 1.4% to 4 772, with the total capacity also decreasing by 1.1% to 76.4 million net tons.  Meanwhile, the number of river vessel arrivals increased by 1.0% to 20 685, with the total capacity also increasing by 16.7% to 23.4 million net tons.           Comparing the whole year of 2024 with a year earlier, the number of ocean vessel arrivals decreased by 2.5% to 18 395, with the total capacity also decreasing by 3.2% to 291.9 million net tons.  Meanwhile, the number of river vessel arrivals increased by 12.1% to 82 194, with the total capacity also increasing by 13.5% to 84.8 million net tons. Further information      Port cargo and laden container statistics are compiled from a sample of consignments listed in the cargo manifests supplied by shipping companies and agents to the C&SD.  Vessel statistics are compiled by the Marine Department primarily from general declarations submitted by ship masters and authorised shipping agents.  Pleasure vessels and fishing vessels plying exclusively within the river trade limits are excluded.           Table 1 presents the detailed port cargo statistics.           Table 2 and Table 3 respectively present the inward and outward port cargo statistics by main countries/territories of loading and discharge.           Table 4 and Table 5 respectively present the inward and outward port cargo statistics by principal commodities.           Table 6 presents the detailed container statistics.           Table 7 presents the statistics on vessel arrivals in Hong Kong.           More detailed statistics on port cargo, containers and vessels are published in the report “Hong Kong Shipping Statistics, Fourth Quarter 2024”.  Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020008&scode=230).           For enquiries about port cargo and container statistics, please contact the Electronic Trading Services and Cargo Statistics Section of the C&SD (Tel: 2582 2126 or email: shipping@censtatd.gov.hk).  For enquiries about vessel statistics, readers may contact the Statistics Section under the Planning, Development and Port Security Branch of the Marine Department (Tel: 2852 3662 or email: st-sec@mardep.gov.hk).

     
    Ends/Tuesday, March 4, 2025Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

    March 4, 2025
  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi addresses the post-budget webinars

    Source: Government of India

    Prime Minister Shri Narendra Modi addresses the post-budget webinars

    MSMEs play a transformative role in the economic growth of our country, We are committed to nurturing and strengthening this sector: PM

    In the last 10 years, India has consistently shown its commitment towards reforms, financial discipline, transparency and inclusive growth: PM

    Consistency and assurance of reforms, is such a change, that has brought new confidence in our industry: PM

    Today every country in the world wants to strengthen its economic partnership with India: PM

    Our manufacturing sector should come forward to take maximum advantage of this partnership: PM

    We took forward the vision of self-reliant India and further accelerated our pace of reforms: PM

    Our efforts reduced the impact of COVID on the economy, helping India become a fast-growing economy: PM

    R&D has played an important role in India’s manufacturing journey ,it needs to be taken forward and accelerated: PM

    Through R&D we can focus on innovative products, as well as add value to the products: PM

    MSME sector is the backbone of India’s manufacturing and industrial growth: PM

    Posted On: 04 MAR 2025 1:36PM by PIB Delhi

    The Prime Minister Shri Narendra Modi today addressed the Post- Budget webinars via video conferencing. The webinars were held on MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory, Investment and Ease of doing business Reforms. Addressing the gathering on the occasion, he remarked that the post-budget webinars on manufacturing and export are of great importance. Mentioning that this budget is the first full budget of the Government’s third term, he emphasised that the most notable aspect of this budget is its delivery, which exceeded expectations. Shri Modi pointed out that in several sectors, the Government has taken steps beyond what experts had anticipated. He also highlighted that significant decisions have been made regarding manufacturing and export in this budget. 

    Pointing out that the country has witnessed consistent Government policies for over a decade, the Prime Minister highlighted that in the past 10 years, India had shown a commitment to reforms, financial discipline, transparency, and inclusive growth. He emphasized that the assurance of consistency and reforms has brought new confidence within the industry. He assured every stakeholder in manufacturing and export that this consistency will continue in the coming years. Encouraging stakeholders to take bold steps and open new avenues for manufacturing and export for the country, Shri Modi highlighted that every country in the world wants to strengthen its economic partnership with India. He urged the manufacturing sector to take full advantage of this partnership.

    “Stable policy and a better business environment are crucial for the development of any country”, said the Prime Minister, highlighting that a few years ago, the Government introduced the Jan Vishwas Act and made efforts to reduce compliances. Over 40,000 compliances were eliminated at both central and state levels, promoting ease of doing business, he noted. Emphasizing that this exercise should continue, Shri Modi mentioned that the Government had introduced simplified income tax provisions and is working on the Jan Vishwas 2.0 Bill. A committee has been formed to review regulations in the non-financial sector, aiming to make them modern, flexible, people-friendly, and trust-based, he added further and highlighted the significant role of the industry in this exercise. He encouraged stakeholders to identify problems that take longer to resolve, suggest ways to simplify processes, and guide where technology can be used to achieve quicker and better results.

    “The world is currently experiencing political uncertainty, and the entire world views India as a growth center”, said Shri Modi, highlighting that during the COVID crisis, when the global economy slowed down, India accelerated global growth. He added that this was achieved by advancing the vision of Aatmanirbhar Bharat and accelerating reforms. He emphasized that these efforts minimized the impact of COVID on the economy, helping India become one of the fastest-growing economies. He said, “India remains a growth engine for the global economy and has proven its resilience in challenging situations”. Pointing out that disruptions in the supply chain affect the global economy, and the world needs reliable partners that produce high-quality products and ensure reliable supply, Shri Modi emphasized that India was capable of fulfilling this need, presenting a significant opportunity for the country. He urged the industry not to be mere spectators but to actively seek their role and carve out opportunities. He pointed out that it is easier today compared to the past, as the country has friendly policies and the Government stands shoulder to shoulder with the industry. The Prime Minister called for a strong resolve, objectivity in seeking opportunities in the global supply chain, and accepting challenges. He emphasized that if every industry takes one step forward, collectively, they can achieve significant progress.

    Highlighting that 14 sectors were currently benefiting from the PLI scheme, the Prime Minister said that under the scheme, more than 750 units have been approved, resulting in an investment of over ₹1.5 lakh crore, production worth over ₹13 lakh crore, and exports exceeding ₹5 lakh crore. He emphasized that this demonstrates how entrepreneurs can advance in new areas when given opportunities. Shri Modi announced the decision to launch two missions to promote manufacturing and export. He highlighted the focus on better technology and quality products, as well as the emphasis on skilling to reduce costs. He urged all stakeholders to identify new products in demand globally that can be manufactured in India and encouraged them to approach countries with export potential strategically.

    “R&D has played a crucial role in India’s manufacturing journey and needs further advancement and acceleration”, remarked the Prime Minister. He highlighted that through R&D, the focus can be on innovative products and value addition to existing products. He emphasized that the world recognizes the potential of India’s toy, footwear, and leather industries and by combining traditional crafts with modern technologies, significant success can be achieved. He noted that India can become global champion in these sectors, leading to a substantial increase in exports. Shri Modi highlighted that this growth will create lakhs of job opportunities in labor-intensive sectors and promote entrepreneurship. Mentioning that the PM Vishwakarma Yojana provides end-to-end support to traditional artisans, he urged efforts to connect these artisans with new opportunities and called on all stakeholders to come forward to expand the hidden potential in these sectors.

    “MSME sector is the backbone of India’s manufacturing and industrial growth”, said the Prime Minister. He highlighted that in 2020, the Government made a significant decision to revise the definition of MSMEs after 14 years, which eliminated the fear among MSMEs that they would lose government benefits if they grew. He noted that the number of MSMEs in the country has increased to over 6 crore, providing employment opportunities to crores. Shri Modi emphasized that in this budget, the definition of MSMEs has been further expanded to instill confidence in their continuous growth. This will create more employment opportunities for the youth, he said, highlighting that the biggest problem faced by MSMEs was the difficulty in obtaining loans. He added that ten years ago, MSMEs received loans worth approximately ₹12 lakh crore, which has now increased to around ₹30 lakh crore. The Prime Minister announced that in this budget, the guarantee cover for MSME loans has been doubled to ₹20 crore. Additionally, customized credit cards with a limit of ₹5 lakh will be provided to meet working capital needs.

    Underlining that the Government had facilitated loan access and introduced a new type of loan, Shri Modi highlighted that people are now receiving loans without guarantees, something they never imagined before. Over the past 10 years, schemes like MUDRA, which provide loans without guarantees, have also supported small industries, he said, noting that the Trades portal is resolving many loan-related issues. The Prime Minister emphasized the need to develop new modes of credit delivery, ensuring that every MSME has access to low-cost and timely credit. He announced that five lakh first-time entrepreneurs from women, SC, and ST communities will receive loans of ₹2 crore. He highlighted that first-time entrepreneurs need not only credit support but also guidance and urged the industry to create a mentorship program to help these individuals.

    Underscoring the role of states is crucial in boosting investment, Shri Modi emphasized that the more states promote ease of doing business, the more investors they will attract. He pointed out that this will benefit the respective states the most. He encouraged competition among states to see who can make the most of this budget. He noted that states with progressive policies will attract companies to invest in their regions.

    Expressing confidence that all participants are seriously considering these topics, the Prime Minister emphasized that the webinar aims to determine actionable solutions. He highlighted the importance of participants’ cooperation in preparing policies, schemes, and guidelines. He noted that this will help in formulating implementation strategies post-budget. He concluded by expressing his belief that the participants’ contributions will prove to be very useful.

    Several Union Ministers were present among other dignitaries over video conferencing on the occasion.

    Background

    The webinars will provide a collaborative platform for government officials, industry leaders, and trade experts to deliberate on India’s industrial, trade, and energy strategies. The discussions will focus on policy execution, investment facilitation, and technology adoption, ensuring seamless implementation of the Budget’s transformative measures. The webinars will engage private sector experts, industry representatives, and subject matter specialists to align efforts and drive impactful implementation of Budget announcements.

     

    MSMEs play a transformative role in the economic growth of our country. We are committed to nurturing and strengthening this sector. Sharing my remarks during a webinar on the MSME sector. https://t.co/K93zTIcdVa

    — Narendra Modi (@narendramodi) March 4, 2025

    बीते 10 वर्षों में भारत ने लगातार Reforms, Financial Discipline, Transparency और Inclusive Growth को लेकर अपनी प्रतिबद्धता दिखाई है।

    Consistency और reforms का assurance, ये एक ऐसा बदलाव है, जिसकी वजह से हमारी इंडस्ट्री के भीतर नया आत्मविश्वास आया है: PM @narendramodi

    — PMO India (@PMOIndia) March 4, 2025

    आज दुनिया का हर देश…भारत के साथ अपनी economic partnership को मजबूत करना चाहता है।

    हमारे manufacturing sector को इस partnership का ज्यादा से ज्यादा लाभ उठाने के लिए आगे आना चाहिए: PM @narendramodi

    — PMO India (@PMOIndia) March 4, 2025

    हमने आत्मनिर्भर भारत के विजन को आगे बढ़ाया और reforms की अपनी गति को और तेज किया।

    हमारे प्रयासों से economy पर COVID का प्रभाव कम हुआ, इससे भारत को तेज गति से बढ़ने वाली अर्थव्यवस्था बनाने में मदद मिली: PM @narendramodi

    — PMO India (@PMOIndia) March 4, 2025

    भारत की मैन्युफैक्चरिंग यात्रा में R&D का अहम योगदान है, इसे और आगे बढ़ाने और गति देने की आवश्यकता है।

    R&D के द्वारा हम innovative products पर फोकस कर सकते हैं, साथ ही प्रॉडक्ट्स में वैल्यू एडिशन कर सकते हैं: PM @narendramodi

    — PMO India (@PMOIndia) March 4, 2025

    भारत के manufacturing की, हमारी industrial growth की backbone हमारा MSME सेक्टर है: PM @narendramodi

    — PMO India (@PMOIndia) March 4, 2025

     

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    MIL OSI Asia Pacific News –

    March 4, 2025
  • MIL-OSI Asia-Pac: AUSTRALIA BOOSTS ITS LONG-TERM BUDGET SUPPORT TO SAMOA

    Source: Government of Western Samoa

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    PRESS RELEASE 21 Feb 2025 – Today, the Governments of Australia and Samoa signed an agreement to increase Australia’s budget support to WST$28 million for the current financial year.

    This additional support is part of Australia’s long-term contributions into Samoa’s development spanning over 8-years – from 2023 to 2031 – and totalling WST$187.7 million.

    Signed by Australia’s High Commissioner to Samoa, His Excellency Mr William Robinson, and Samoa’s Minister of Finance, the Honourable Lautimuia Uelese Vaai, this support is underpinned by the deep trust the two nations share, and their joint commitment to enhancing service delivery for Samoa’s communities.

    “Our signing of this agreement embodies the spirit of trust we have in one another, and an expression of our belief that our prosperity is best pursued together. This will support the Government of Samoa’s expenditure right across the board for things that matter most to Samoans – from paying teacher’s salaries, ensuring hospitals have the supplies they need, and maintaining quality roads,” said High Commissioner Robinson.

    “On behalf of the Government and the people of Samoa, I express our heartfelt appreciation and gratitude to the Government and the people of Australia for their continuous support to Samoa’s development. The additional general budget support marks yet another milestone in the trusted-long lasting relationship and development partnership between our two countries – Australia and Samoa. We remain committed to addressing the priority needs of our people, through various initiatives and integrating priorities for development through general budget support. We are also appreciative of the commitment to the JPAM arrangement supporting high impact policies that inform and guide priorities for Samoa,” said Minister Lautimuia.

    This additional budget support will contribute to the delivery of essential services that the people of Samoa rely on, including in health, education, gender, disability and social protection.

    Australia’s budget support is delivered in partnership with New Zealand, World Bank, the Asian Development Bank, and the European Union through the Joint Policy Action Matrix (JPAM).

    The JPAM is an economic reform agenda that enables best practice development partners to support Samoa’s development destiny with their expertise.

    Ends

    SOURCE – Australian High Commission to Samoa

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    March 4, 2025

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    March 4, 2025
  • MIL-OSI Asia-Pac: REMARKS BY THE DIRECTOR OF THE ILO OFFICE FOR THE PACIFIC ISLAND COUNTRIES AT THE SIGNING CEREMONY OF THE SAMOA DECENT WORK COUNTRY PROGRAMME 2025-2028, TANOA TUSITALA HOTEL, THURSDAY, 20 FEBRUARY 2025.

    Source: Government of Western Samoa

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    Pastor Houlton Faasau,

    Honourable Faleomavaega Titimaea Tafua, Minister for Commerce, Industry, and Labour,

    Senior Officials of the Ministry of Commerce, Industry, and Labour,

    Chief Executive Officers,

    Members of the Samoan Tripartite Forum,

    Members of the Diplomatic Corps, including our colleagues from the ONE UN Family,

    Distinguished Guests,

    Ladies and Gentlemen,

    It is a great honour for me to address you this morning at the official signing of the Memorandum of Understanding (MOU) between the International Labour Organization (ILO) and the Samoan Tripartite Forum (Government, Employers, and Workers) on Samoa’s Decent Work Country Programme (DWCP) 2024-2028.

    First and foremost, allow me to express my deepest gratitude for the warm hospitality extended to my delegation since our arrival at the beginning of this week. I wish to particularly recognize and sincerely thank the Rt. Hon. Afioga Fiame Naomi Mataʻafa for the courtesy extended to me and for the honour and privilege of presenting my credentials.

    I would also like to extend my appreciation to the Samoa National Tripartite Forum (SNTF) for the opportunity to attend their meeting and witness firsthand a strong example of social dialogue in action.

    The finalization and signing of the DWCP today serve as a testament to Samoa’s unwavering commitment to our shared vision of advancing social justice and decent work.

    As you are aware, by committing to the Sustainable Development Goals (SDGs), nations around the world pledged under SDG 8 to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. However, achieving this vision requires deliberate, well-thought-out, and prioritized interventions by governments, in collaboration with social partners.

    The signing of the DWCP today demonstrates the high value that the Government, workers, employers, and the people of Samoa place on structured and strategic action towards addressing employment challenges in the country.

    Ladies and gentlemen, decent work is central to ensuring that the Sustainable Development Goals remain people centered. This means, among other things, that individuals from all walks of life must have a voice in shaping policy processes.

    I can confidently say that the DWCP we are signing today meets this standard in several ways:

    1. It has been developed jointly by the Government, workers, and employers under

    the guidance of the Samoa National Tripartite Forum.

    2. It is aligned with Samoa’s national development framework, the Pathway for the

    Development of Samoa, which was formulated through extensive countrywide

    consultations and reflects the aspirations of the Samoan people.

    For the ILO, the DWCP will be our key programming instrument in Samoa. We are pleased that it clearly identifies the priorities of the Government, workers, and employers in promoting decent work. It also forms part of the ILO’s contribution to the broader UN effort in Samoa towards the 2030 Agenda and the Sustainable Development Goals (SDGs). Indeed, the DWCP is aligned with the UN Sustainable Development Cooperation Framework for the Pacific (2023-2027) and the Country Implementation Plan for Samoa, whose review I was privileged to participate in earlier this week.

    By signing this MOU, the ILO reaffirms its commitment to working with you in implementing the DWCP 2024-2028, with a focus on the following three priority areas:

    1. Promoting decent work at the core of Samoa’s post-COVID economic recovery

    and response to climate change through inclusive and resilient economic

    growth and employment development.

    2. Enhancing workers’ rights and strengthening comprehensive social protection.

    3. Improving labour market governance, including strengthening the capacity of

    workers’ and employers’ organizations to effectively participate in social

    dialogue and influence policy and decision-making processes.

    I would also like to take this opportunity to invite our fellow UN agencies and development partners in Samoa to carefully review this DWCP and explore areas of collaboration.

    Furthermore, I wish to commend Samoa for its leadership on the global stage in ratifying and domesticating international labour standards. To date, Samoa has ratified 9 out of 10 core ILO conventions, with the most recent being:

    1. Convention 187 (Promotional Framework for Occupational Safety and Health),

    and

    2. Convention 190 (Violence and Harassment in the Workplace).

    I sincerely thank the Government, Employers, and Workers’ Associations, particularly the SNTF and the Ministry of Commerce, Industry, and Labour (MCIL), for leading the charge in not only ratifying these conventions but also ensuring their effective implementation through national law and practice.

    As the Samoan proverb goes:

    “O le tele o lima e mama ai se avega” – Many hands make the load lighter.

    I am confident that Samoa will fully achieve the expected outcomes of the DWCP if we work together—pooling our strengths, expertise, and resources. Let us continue fostering strong partnerships to advance decent work, economic resilience, and social justice.

    Fa’afetai lava, ma ia manuia!

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    March 4, 2025

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    March 4, 2025
  • MIL-OSI United Kingdom: Primary school sporting festival celebrates culmination of skills sessions

    Source: City of Winchester

    Children from across the Winchester district have marked the development of their sporting skills with a celebratory festival.     

    The inter-schools festival marked the culmination of ten weeks of sports sessions at local primary schools involving over 700 children. The sessions were arranged by Winchester City Council in partnership with ActiveMe 360.

    Over 50 pupils took place in a range of challenges in the end festival, which took place in February at the King George V Playing Fields and the University of Winchester all-weather pitch.

    Those taking part in the festival included children from Years 5-6 from: All Saints CE Primary School; Durley Primary School; Stanmore Primary School; Colden Common Primary School; Hambledon Primary School; and Swanmore Primary School.

    The project was funded by the UK Government through the Levelling Up Shared Prosperity Fund.

    Winchester City Council’s Cabinet Member for Community and Engagement Cllr Kathleen Becker said: “These sporting sessions have been a wonderful opportunity for local children across the district to learn more about a range of popular sporting pastimes, and then demonstrate that learning in a very fun way at a tournament to celebrate all that they have learned and achieved.

    “It has been great to see so many primary schools in our local community getting involved with the sessions. Well done to everyone who took part!”

    Jane Hall, headteacher at All Saints CE Primary School in Winchester, said: We have been delighted by the progression of our children’s teamwork and collaboration skills as a result of the sessions. The children have loved taking part in the coaching sessions and were extremely keen to join in each week.

    “It has been an excellent opportunity for the children to be physically active whilst having such an enjoyable time.”

    Chris Fraser-Wade, Director of Business Operations at ActiveMe 360 said: “At ActiveMe 360, we want people to live healthier, happier, more active lives. This is our fourth year of partnership with Winchester City Council and since last summer, we’ve engaged over 700 pupils across local schools through our Jag Tag, football, and cricket school-based projects, plus many more in the wider community during the school holiday periods.

    “It’s always been more than just sport. It’s been about giving every child the chance to grow in confidence, develop key life skills, and improve their physical, mental, and social wellbeing”.

    Last Updated: Tuesday 4 March 2025

    MIL OSI United Kingdom –

    March 4, 2025
  • MIL-OSI Economics: Huawei Hosts Digital Economy Development Forum

    Source: Huawei

    Headline: Huawei Hosts Digital Economy Development Forum

    [Barcelona, Spain, March 4, 2025] Huawei hosted a Digital Economy Development Forum today at the Mobile World Congress (MWC) Barcelona 2025. David Wang, Director of the Board and Chairman of the ICT Infrastructure Managing Board at Huawei, kicked off the event which was themed “From Insight to Impact for a Thriving Digital Economy”. The forum was well attended by policy makers from multiple countries, heads of international industry associations, consulting institution experts, and industry leaders.
    The speakers examined the opportunities and challenges arising in the digital economy, and discussed the importance of solid digital infrastructure, strong industry collaboration, and open and collaborative digital ecosystems. Many also provided their own recommendations on digital strategy and roadmaps for high-quality development of the global digital economy.
    Industry adoption of digital technologies like AI, 5G-A, and green energy is accelerating as more applications drive increases in productivity. The digital economy has also become a major driver of global economic growth, and more than 170 countries have released dedicated national strategies on digital development.
    Digitalization remains uneven between various regions, but many report seeing some common challenges:
    How can governments stimulate digital demand to drive economic growth?
    What is the best roadmap for building digital infrastructure?
    How should governments be measuring digital economy development?
    National development of a high-quality, sustainable digital economy has also become a common concern of many governments.
    David Wang, Director of the Board and Chairman of the ICT Infrastructure Managing Board at Huawei, opening the Digital Economy Development Forum

    During his speech, Wang outlined five ways ICT infrastructure can drive digital economy development, based on current success stories they’ve studied from across the globe. His five takeaways were:
    A thriving digital economy needs solid digital infrastructure, especially ubiquitous connectivity.
    The digital economy grows faster when governments and industries accelerate their own digital and intelligent transformation.
    Future-oriented industry policy brings vitality to the digital economy.
    More digital talent needs to be trained to overcome the growing global talent shortage plaguing the digital and intelligent sectors.
    Open and collaborative industry ecosystems make digital economies more resilient. This is because ecosystems create a space for industry players around the world to collaborate and innovate. This space lets them build on each other’s strengths.
    He concluded by saying, “A thriving digital economy needs a wide array of digital technologies. No single country or company can do it all alone. That’s why Huawei has been a longtime supporter of cross-region collaboration and robust industry ecosystems.”
    At the forum, attendees also shared insights and best practices on digital transformation, and called for future collaboration on the digital economy. Jeffrey Zhou, ICT Marketing President of Huawei, affirmed, “Huawei looks forward to working with industry partners to overcome challenges and seize opportunities. From insight to impact, we will create a thriving digital economy.”
    More on Huawei’s research into the global digital economy can be found in the Global Digitalization Index (GDI) that the company released in 2024. This index is a tool that countries can use to assess the maturity of their own ICT industries. It also provides recommendations for digital economy development.
    MWC Barcelona 2025 will be held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
    In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.
    For more information, please visit: https://carrier.huawei.com/en/events/mwc2025

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Economics: MWC Barcelona 2025: Huawei Unveils Global Showcases Alongside Customers and Launches 10 Industry Solutions with Partners

    Source: Huawei

    Headline: MWC Barcelona 2025: Huawei Unveils Global Showcases Alongside Customers and Launches 10 Industry Solutions with Partners

    [Barcelona, Spain, March 3, 2025] During MWC Barcelona 2025, Huawei held the Industrial Digital and Intelligent Transformation Summit 2025, bringing together global customers and partners to explore innovative industrial digital and intelligent transformation practices. Together with its industry customers, Huawei unveiled 83 global showcases for industrial digital & intelligent transformation for 71 key scenarios. In addition, Huawei and its partners jointly launched 10 major solutions to accelerate intelligent transformation across various industries such as public sectors, education, finance, electric power, transportation, oil and gas, chemicals, and retail.
    Huawei proposed four key pathways to accelerate industrial intelligence
    Huawei believes that global industries are rapidly advancing towards intelligence and are poised to be among the greatest beneficiaries of the AI era. In his keynote speech, Leo Chen, Huawei’s Corporate Senior Vice President and the President of Enterprise Sales, highlighted the four key pathways that are essential to accelerating intelligent transformation across industries. He stated, “Firstly, we must deeply integrate technologies into industry scenarios and build a target ICT architecture for industrial intelligent transformation based on industry requirements, pain points, and development stages. Secondly, we need to build advanced, AI-oriented ICT infrastructure to support the exponential growth of AI workloads. Thirdly, we must develop high-performance AI products that seamlessly integrate with open-source models, enhance AI development toolchains, and collaborate with industry partners, enabling AI to shift from technical showmanship to broad, inclusive accessibility, accelerating transformation in industries like healthcare and education. And fourthly, we must train ICT talent in a more targeted manner.”
    Leo Chen, Corporate Senior Vice President, President of Enterprise Sales, Huawei

    The Lighthouse that guides industries forward: Huawei launched 83 global showcases and 10 major solutions for industrial intelligence
    Huawei takes action to demonstrate its commitment to offering customers first-hand experience. In collaboration with global customers across various industries, Huawei unveiled 83 global showcases, spanning 71 key scenarios of industrial digital and intelligent transformation. These showcases are open to customers worldwide, providing a valuable reference for their transformation journey.
    Moreover, Huawei continuously deepens its collaboration with partners across industries and jointly innovates with them. At the summit, Huawei launched 10 major solutions jointly developed with its partners to expedite industrial intelligence: the Inclusive Connectivity – Digital Village Solution, Public Services Digitalization Solution, Digital Training Solution, Financial Data Center Resilience Solution, Intelligent Distribution Solution 2.0, Smart Railway Yard & Station Solution, Intelligent Multi-level Port Operation Management Solution, Intelligent Central Processing Facilities Solution, Intelligent Chemical Solution, and Smart Retail Solution 2.0.
    To better empowering inclusive AI adoption in every industry, Huawei launched AI inference appliances which support over 50 mainstream large models. By deploying these AI appliances, industry customers can access and deploy AI applications more easily and advance towards a more intelligent future.
    To cultivate ICT talents who integrate industry scenarios and technologies, Huawei also launched the Industry Elites in the ICT Classroom Program for enterprise customers; and the Leading ICT Talent Cultivation Program for universities.
    In collaboration with global customers across various industries, Huawei unveiled 83 global showcasesi

    Global customers and partners share innovative practices
    Ciyong Zou, Deputy to the Director General and the Managing Director of the Directorate of Technical Cooperation and Sustainable Industrial Development, UNIDO, delivered the opening remarks at the event, stating that “UNIDO-Huawei collaboration is a testament to the power of multi-stakeholder cooperation. Huawei has been instrumental in the AIM Global, playing a key role in accelerating the sustainable adoption of cutting-edge technologies. These partnerships reinforce our shared belief that technology must serve humanity—not the other way around. As we look ahead, three principles must guide us: equity, sustainability, and collaboration. Equity ensures that digital transformation benefits all, sustainability ensures that technology contributes to a greener future, and collaboration ensures that no country, industry, or entrepreneur is left behind.”
    Mahmoud Bin Ahmed, CCO, Integrated Dawiyat, pointed out that “As a subsidiary of the SEC, Dawiyat is a fully integrated digital infrastructure provider, we take fibers as strategic assets to support SEC for highly reliable digital power services and Saudi Arabia 10Gbps society strategy. One fiber for multi services can empower more than power, we commit to provide smart grid communication with premium user experience and leverage our world-leading neutral infrastructure for digital economy growth in Saudi Arabia.”
    Gil Brasileiro Fernandes, ICT Services Manager, Petrobras, pointed out that “For Petrobras, digital innovation is not just a choice, but the path to a more efficient, safer, and sustainable future. Petrobras believes that we can only achieve digitalization by investing in robust and scalable infrastructure to support digital operations; prioritizing solutions that enhance efficiency and safety in operations; using intelligent devices to promote mobility and collaboration and transforming connectivity into a competitive advantage.”
    Miguel López-Valverde, Minister for Digitalization of the Community of Madrid, Spain, said that: “To address the digital transformation process, Comunidad de Madrid, through the Digitalization Strategy 2023-2026, has reformulated its vision, mission and values, with a clear orientation towards citizens and businesses, making them the true protagonists. Comunidad de Madrid will be the leading digitalization region in Europe.”
    Guillaume Portier, EVP, VusionGroup, said: ” At VusionGroup, we aim to help build a more sustainable future by digitizing physical stores, as they play a pivotal role in this respect. By partnering with Huawei, we design innovations that serve this purpose, driving a greater impact for business and society. ”
    Pioneering the in-depth integration of digital and intelligent technologies and industry scenarios
    Huawei Enterprise Business Booth at MWC Barcelona 2025 with the theme of Accelerating Industrial Intelligence

    The 1200 m2 Huawei Enterprise Business exhibition area features three themes: Accelerating Industrial Intelligence, Innovative ICT Infrastructure, and Partner Collaboration for Mutual Success. The exhibition highlights the deep integration of digital and intelligent technologies with industries, and the joint innovations and practices by Huawei, as well as its global partners and customers.
    The Accelerating Industrial Intelligence area showcased Huawei’s cutting-edge scenario-based solutions and the latest practices of industries, such as public utilities, government, education, healthcare, finance, transportation, electric power, oil and gas, mining, ISP and Internet, manufacturing, and retail.
    The Innovative ICT Infrastructure area fully demonstrated the Intelligent Campus and Intelligent Data Center scenarios, which presented Huawei’s latest products and portfolios in fields like data communication, all-optical network, data storage, and Huawei Cloud. Through continuous technological innovation, Huawei has enabled enterprise customers to build their intelligent, efficient, and reliable ICT infrastructure.
    The Partner Collaboration for Mutual Success area presented Huawei’s latest partner policies for the commercial market and distribution business, as well as partner toolkits, marketable and star solutions, and more through various interactive demos that are easy to install and maintain.
    Additionally, Huawei held a special event for its partners in the commercial market and distribution business, showcasing solutions for common scenarios, AI appliances, tools and digital platforms that support easy maintenance and service delivery, as well as a simulated HUAWEI eKit store. This allowed commercial partners and engineers an exclusive and immersive experience through interactive and in-depth exchanges.
    MWC Barcelona 2025 is held at Fira Gran Via in Barcelona, Spain from March 3 to March 6. During the event, Huawei Enterprise Business exhibits under the theme of Accelerating Industrial Intelligence, with its booth at Stand 1H50 in Hall 1. We cordially invite you to visit the Huawei Enterprise Business booth to experience and join us on our journey to “Accelerate Industrial Intelligence.” For more details, please visit: https://e.huawei.com/eu/events/branding/mwc.

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Russia: GUU held a round table on the development of artificial intelligence in China

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    The National University of Management and the Europe and Asia Broadcasting Center of the People’s Republic of China Foreign Language Publication and Distribution Administration (Renmin Huabao Publishing House) organized a round table on “High-quality Development of China’s Economy” and the presentation of the 4th volume of the book “Xi Jinping on Public Administration” in Russian.

    The event is timed to coincide with the opening of the 3rd session of the 14th National People’s Congress (NPC) on March 5, 2025 in Beijing.

    The event was moderated by Hu Zhentao, head of the representative office of Renmin Huabao Publishing House in Moscow.

    The speakers were: – Fanis Sharipov, Director of the Center for Socio-Economic and Political Research of China at the National University of Management; – Anastasia Pavlova, partner of the Russian-Chinese Committee of Friendship, Peace and Development; – Ekaterina Zaklyazminskaya, leading research fellow at the Center for World Politics and Strategic Analysis, member of the Council of Young Scientists at the Institute of Strategic Analysis of the Russian Academy of Sciences; – Yulia Manuilova, senior lecturer at the Department of Global Studies at the Faculty of Global Processes at Moscow State University.

    The work was also attended by 2nd year students of the State University of Management, studying in the program “International Manufacturing Business”: Yulia Levchenko, Farida Alakaeva, Egor Gavrilyuk, Irina Afanasova, Yulia Kolontsova.

    Fanis Sharipov began his speech by assessing the 4th volume of the book “Xi Jinping on Public Administration” in Russian. This volume includes the most important works of Xi Jinping for the period from February 3, 2020 to May 10, 2022, a total of 109 reports, talks, speeches, congratulatory letters and other works. It should be noted that during this period, the COVID-19 pandemic was raging, and enormous efforts were spent on organizing the fight against this terrible epidemic. “Development of the digital economy is a strategic choice that allows us to seize the opportunities of a new round of technological revolution and industrial transformation,” Xi Jinping emphasized.

    Next, moving on to the topic of “High-quality development of the Chinese economy”, Fanis Sharipov noted that on January 27, a Chinese startup triggered a collapse in the value of shares of American IT companies; by the end of the week, the NASDAQ high-tech company index had lost 3.5%, which in monetary terms amounts to almost a trillion US dollars. For experts, the success of Chinese research in the field of artificial intelligence (AI) is the result of China’s systematic, long-term efforts in this area, which has been repeatedly noted in scientific articles and conference abstracts. The State Council of the PRC formulated a detailed plan for the modern development of new-generation AI in July 2017. It directly stated the intention to turn AI into the main driving force of industrial modernization and economic transformation, strengthening national defense, internal and external security, education, and medicine by 2025. It also stated the intention to turn China into a world leader in AI by 2030. It was planned to produce products and services using AI by the end of 2020 in the amount of 150 billion yuan, by 2025 – 400 billion yuan, by 2030 – about 1 trillion yuan. And China’s expenditure on scientific research in 2025 will reach 3.76 trillion yuan (over 580 billion dollars).

    In conclusion, the Round Table participants discussed a very diverse agenda for Russian-Chinese cooperation in 2025.

    Subscribe to the TG channel “Our GUU” Date of publication: 03/04/2025

    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.

    MIL OSI Russia News –

    March 4, 2025
  • MIL-OSI Russia: The Winter in Moscow project allowed businesses to make a name for themselves and increase sales

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The capital’s business actively supported the large-scale city project “Winter in Moscow”. Thus, it not only became a major holiday, but also offered wide opportunities and support measures for entrepreneurs. For example, the magic market of the “Made in Moscow” project united more than 500 manufacturers and placed its sites on seven tourist streets of the capital, including Arbat, Novy Arbat, Kuznetsky Most, Rozhdestvenka, as well as Tverskoy Boulevard, Stoleshnikov Lane and Bolotnaya Square. Each pavilion became a real art object – red and white knitted balls, a mini-station, a box of toys, a box of chocolates, a huge gift. In them, one could buy clothes, accessories, cosmetics, children’s toys, household goods, food products and much more.

    One of the most attractive for guests was the flagship pavilion on Bolotnaya Square, where master classes, fashion shows and ice shows were held, and a magic train also ran. During its operation, the magic market was visited by 570 thousand people, and Moscow brands sold over 50 thousand products. 10 percent of the proceeds from the market participants were sent to the charity fund “People’s Front. Everything for Victory!”

    As part of the “Come on in!” project, more than 700 organizations from various fields, such as public catering, the beauty industry, trade and education, made over 900 offers to city residents and tourists: from discounts and bonuses to free master classes, gastronomic tastings, performances and sports activities. More than six thousand people took advantage of them.

    Businessmen helped create a festive mood in Moscow by decorating the facades, shop windows and entrances of their organizations. This was facilitated by three special support measures that were launched in the capital this season. More than 5.3 thousand entrepreneurs applied for them. For example, with the help of a grant for decoration of the first 100 entrepreneurs, business owners were able to compensate for part of the costs of decorating their sites.

    In addition, a competition for the best festive decoration was held. The total prize fund was 700 million rubles. And creative teams, designers and all interested persons over the age of 18 were able to demonstrate their talents in a competition for the best project of festive and thematic decoration of a non-residential property.

    From December 26 to 29, the Central Exhibition Hall “Manezh” hosted the II Moscow Beauty Week — one of the largest events of the project. Over four days, it was visited by more than 60 thousand people, and 600 Russian companies presented their products, of which 384 were from Moscow. One of the most popular objects of the exhibition was the “Made in Moscow” stand, designed as an advent calendar.

    Residents of the capital actively formed the poster of the project “Winter in Moscow”. In total, 529 applications for holding events were received from individuals and business representatives. Most often, these were master classes (63 percent), concerts and show programs (15 percent), lectures and seminars (14 percent), and excursions (eight percent). Every fifth event took place in the Central Administrative District, and 80 percent were held in other districts.

    The Winter in Moscow project not only allowed businesses to make a name for themselves and increase sales, but also became a real winter holiday. In total, the events attracted almost 30 million residents and guests of the city.

    The Winter in Moscow project became the main event of the season, which united various events of the capital. City residents and tourists remembered traditions and history, warmed themselves with tea and hot buns, skated, watched ice shows, gave gifts to people who found themselves in a difficult life situation, and also showed care for those who needed it.

    Muscovites and guests of the capital had a huge choice of entertainment in the open air and in cultural and sports institutions. The atmosphere of winter traditions engulfed the entire city: more than 1.9 thousand sites were open. The project organically wove in the capital’s largest festivals “Moscow Estates”, “Moscow Tea Party”, “City of Light” and many others.

    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: //vv.mos.ru/nevs/ite/150899073/

    MIL OSI Russia News –

    March 4, 2025
  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for February 2025 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 4th of March 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

    In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Staked Polygon ETP 
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP

    Index allocation as of 28th of February (before rebalancing):

    Bitcoin: 44.55%
    Ethereum: 28.76%
    XRP: 13.32%
    Solana: 7.50%
    Cardano: 2.45%
    Chainlink: 1.01%
    Avalanche: 0.98%
    Litecoin: 0.92%
    Uniswap: 0.51%

    Index allocation as of 28th of February (after rebalancing):

    Bitcoin: 40.00%
    Ethereum: 31.29%
    XRP: 14.52%
    Solana: 8.05%
    Cardano: 2.62%
    Chainlink: 1.08%
    Avalanche: 0.99%
    Litecoin: 0.94%
    Uniswap: 0.51%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for February was -16.86%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

    In February, the crypto market experienced a notable downturn, partly due to major events in the US. Chainlink led the losses with a sharp 41% decline, followed closely by Uniswap (-36.2%) and Solana (-36%). Bitcoin experienced a relatively milder decrease of -17.5%, while Litecoin recorded the smallest decline, falling just 0.23% during the month.

    The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in February:

    Litecoin: -0.23%
    Bitcoin: -17.5%
    XRP: -29.3%
    Ethereum: -32.2%
    Cardano: -32.7%
    Avalanche: -35%
    Solana: -36%
    Uniswap: -36.2%
    Chainlink: -41%

    Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –

    March 4, 2025
  • MIL-OSI Economics: Nokia strategically invests in growth areas while divesting non-core assets, observes GlobalData

    Source: GlobalData

    Nokia strategically invests in growth areas while divesting non-core assets, observes GlobalData

    Posted in Business Fundamentals

    Following the news that Nokia has completed the acquisition of Infinera Corporation;

    Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view:

    “After the acquisition of Fenix Group and Rapid’s technology assets in 2024, Nokia has now completed the acquisition of Infinera. Infinera’s acquisition will complement Nokia’s optical network and enable in further improving its capabilities across this technology. Furthermore, the combined capabilities of Nokia and Infinera are anticipated to improve the competitive positioning in optical networking solutions and the move also forms a part of Nokia’s growth strategy to strengthen its presence in North America.

    “Interestingly, Nokia’s decision to acquire companies while simultaneously selling certain assets seems like a strategic manoeuvre aimed at optimizing its business portfolio and enhancing its market position. This dual approach is primarily focused on strengthening its core business segments, particularly in Network Infrastructure and Optical Networks.

    “For instance, in 2024, Nokia announced the sale of its Alcatel Submarine Networks business to the French State as part of a broader strategy to actively manage its portfolio and focus on more profitable segments within its Network Infrastructure business. The stratagem seems to be revolving around divesting less strategic businesses and investing in core areas where Nokia sees high growth potential.”

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Economics: Lerodalcibep could become key option for patients requiring additional LDL-C reduction beyond existing therapies, says GlobalData

    Source: GlobalData

    Lerodalcibep could become key option for patients requiring additional LDL-C reduction beyond existing therapies, says GlobalData

    Posted in Pharma

    LIB Therapeutics (LIB) recently announced that the FDA has accepted its Biologics License Application (BLA) for lerodalcibep, a novel therapy designed to lower low-density lipoprotein cholesterol (LDL-C) in patients with atherosclerotic cardiovascular disease (ASCVD) or those at high or very high risk of developing ASCVD. If approved, lerodalcibep could be a key treatment option for patients needing additional LDL-C reduction beyond existing therapies, says GlobalData, a leading data and analytics company.

    Lerodalcibep is a third-generation proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor developed to treat hypercholesterolemia, particularly for patients with complex conditions like HeFH and those who fail to achieve adequate cholesterol reduction with statins alone.

    Dr Shireen Mohammad, Senior Cardiovascular & Metabolic Disorders Analyst at GlobalData, comments: “Lerodalcibep, like established PCSK9 inhibitors such as Regeneron’s Praluent (alirocumab) and Amgen’s Repatha (evolocumab), targets the PCSK9 protein to help reduce LDL-C levels. However, it distinguishes itself with its unique design as a long-acting bispecific monoclonal antibody, which may provide an added advantage over existing treatments for dyslipidemia. Lerodalcibep offers the convenience of a once-monthly injection, reducing the dosing frequency compared to many other PCSK9 inhibitors.”

    Key opinion leaders (KOLs) interviewed by GlobalData have noted that patients often prefer a once-monthly injection over daily pills, as it is more convenient and reduces the burden of daily medication, potentially improving adherence for life-long therapy needed in HeFH.

    Mohammad concludes: “The FDA’s acceptance of the BLA marks a milestone for LIB Therapeutics in its pursuit of innovative lipid-lowering treatments. Submitted to the FDA in late 2024, the BLA is supported by data from multiple Phase 3 clinical trials assessing the efficacy and safety of lerodalcibep. This regulatory acceptance advances lerodalcibep into the FDA’s review process, bringing it closer to potential approval and offering hope for patients struggling to achieve their LDL-C goals despite existing treatments.”

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Economics: Trump’s policies to hinder economic growth prospects of Mexico, foresees GlobalData

    Source: GlobalData

    Mexico is grappling with rising risks stemming from strained relations with the US during President Donald Trump’s second term. Trump’s “America First” policies, including a proposed 25% tariff on Mexican goods, pose a significant threat to Mexico’s export sector and could disrupt North American supply chains. Weak domestic demand is also expected to further hinder Mexico’s economic growth. Against this backdrop, Mexico’s GDP growth is forecast to slow to 1.1% in 2025, down from 1.5% in 2024 and 3.2% in 2023, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Macroeconomic Outlook Report: Mexico”, reveals that domestic demand in Mexico is expected to remain subdued due to a rising unemployment rate. Real household consumption expenditure growth is projected to decline to 1.8% in 2025, down from 2.0% in 2024 and 4.3% in 2023. Meanwhile, the unemployment rate is forecast to increase to 3% in 2025, compared to 2.7% in 2024 and 2.8% in 2023.

    Mexico’s central bank, Banco de México, reduced the key policy rate six times since March 2024. The most recent cut occurred in February 2025, when the Governing Board lowered the overnight interbank interest rate by 50 basis points to 9.5%, driven by easing inflationary pressures. Inflation in January 2025 dropped to a four-year low of 3.6%.

    Gayatri Ganpule, Economic Research Analyst at GlobalData, comments: “Mexico’s economic growth in 2025 is likely to encounter significant challenges, including uncertainty under a new US presidency and evolving global geopolitical dynamics. The US policy shifts, such as tariffs and immigration reforms, are expected to adversely impact trade and remittances. Investor sentiment may be further weakened by controversial judicial reforms, while Pemex’s financial struggles under revised energy policies could add to the economic strain. Additionally, rising public debt poses a risk of losing the nation’s investment-grade rating. As such, strategic actions will be essential to ensure stability.”

    In terms of sectors, mining, manufacturing, and utility activities contributed 26.2% to Mexico’s gross value added (GVA) in 2024, followed by wholesale, retail, and hotels business activities (23.9%), and financial intermediation, real estate, and business activities (16.2%). In nominal terms, the three sectors are forecast to grow by 6.5%, 7.6%, and 7.4%, respectively, in 2025, compared to an estimated 6.8%, 8%, and 7.8% growth in 2024.

    Ganpule adds: “The external sector is expected to face challenges as proposed tariff measures could sharply increase costs, disrupt the automotive and agriculture industries, and threaten millions of jobs across North America. Additionally, potential retaliatory actions from Mexico, as warned by President Claudia Sheinbaum, could further strain trade relations.”

    According to GlobalData analysis using data from ITC Trade Map, vehicles and auto parts accounted for 27.6% of Mexico’s total exports to the US in 2023, followed by 19.5% for electrical machinery and 17.4% for nuclear reactors, boilers, and mechanical appliances. Trump’s proposed tariff could severely impact these sectors, disrupting trade and supply chains.

    Ganpule continues: “The automotive industry, Mexico’s largest exporter, faces significant risks. Major automakers like Ford, Volkswagen, Toyota, Honda, General Motors, and Stellantis operate large manufacturing plants in Mexico, and tariffs could threaten exports, production, and investment stability.”

    Beyond autos, Mexico’s state-owned oil company, Pemex, relies heavily on the US for its sales and could see revenue declines. In consumer goods, companies like Controladora Mabe (home appliances) and Becle (tequila producer) are particularly vulnerable, with a hefty share of their revenues coming from US sales. The agribusiness sector could also feel the impact, affecting firms such as Grupo Bimbo, Sigma Alimentos, Gruma, and Arca Continental, though their US operations may provide some buffer.

    Mexico’s 2025 budget prioritizes fiscal discipline, aiming to reduce the budget deficit to 3.9% of GDP from 5.9% in 2024. The government plans significant spending cuts across sectors like defense, security, and the environment while focusing on achieving a primary budget surplus to ensure fiscal sustainability alongside economic growth and social development.

    Mexico ranked 82nd out of 153 nations in the GCRI Q4 2024 update, with an overall risk score of 57.8, placing it in the medium-risk category (scores between 40 and 60). This indicates a higher risk than the North American average of 43.8 and the global average of 55.0.

    Ganpule concludes: “Mexico’s economic trajectory depends on proactive fiscal policies, investment climate improvements, and strategic international negotiations. Strengthening trade alliances with other global partners and fostering domestic innovation will be crucial in mitigating external risks and ensuring long-term growth.”

    MIL OSI Economics –

    March 4, 2025
  • MIL-OSI Asia-Pac: Committee of Supply 2025

    Source: Asia Pacific Region 2 – Singapore

    Filter by

    Committee of Supply 2025

    04 Mar 2025

    Our Sustainability, Our Resilience, Our Everyday

    Expansion of enhanced Climate Friendly Household Programme

    To encourage more households to take climate action, NEA and PUB will further enhance the Climate Friendly Households Programme.

    From 15 Apr 2025, eligible HDB households will receive an additional $100 in Climate Vouchers, on top of the existing $300 offered in 2024. The programme will also be expanded to include Singapore Citizen households living in private residential properties. This means that eligible HDB and private households can claim a total of $400 worth of Climate Vouchers, which are valid until 31 Dec 2027.

    By switching to more resource efficient appliances and fittings, households can reduce their energy and/or water consumption, lower their utility bills, and help to tackle climate change. 

    More info: [Media Release] [Facebook] [LinkedIn]

    $25 million Weather Science Research Programme to enhance Singapore’s weather prediction capabilities

    A new Weather Science Research Programme (WSRP) has been launched to enhance Singapore’s ability to understand and predict our tropical urban weather, including extreme weather arising from climate change.

    The new programme aims to build weather science capability in the national research ecosystem. The Centre for Climate Research Singapore will collaborate with local research institutions to incorporate the latest scientific and technological developments such as Artificial Intelligence. A key initiative under the WSRP is to create a detailed historical weather re-analysis over recent decades for Southeast Asia – the first of its kind in the region.

    Funded under the Research, Innovation and Enterprise 2025 Plan, the WSRP is now open for research proposals from local research institutions.

    More info: [Media Release] [Facebook] [LinkedIn]

    New guidelines to reduce e-commerce packaging

    The Alliance for Action on Packaging Waste Reduction for the E-commerce Sector has published a set of Guidelines on Sustainable E-commerce Packaging.

    Apart from a list of 3R solutions tailored to various types of e-commerce packaging, the Guidelines also provide operating models for e-commerce marketplaces to promote sustainable packaging to consumers, and drive awareness and responsibilities among suppliers.

    Also included in the Guidelines is a scorecard that company leaders can use to assess the maturity of their management practices in relation to sustainable packaging, and pinpoint areas for improvement.

    More info: [Media Release] [Facebook] [ LinkedIn]

    Up to $1 billion to upgrade hawker centres and build 5 new hawker centres

    Over the next 20 to 30 years, MSE and NEA will invest up to $1 billion to upgrade existing hawker centres and build another 5 new hawker centres.

    Through the Hawker Centre Upgrading Programme 2.0, hawker centre infrastructure will be upgraded to be more vibrant, accessible, with climate-resilient community spaces. Hawkers can also look forward to a more conducive work environment.

    To better serve residents, 5 additional new hawker centres will be built. 2 new hawker centres will also open at Bukit Batok West and Punggol Coast.

    To celebrate SG60 and the 5th anniversary of the inscription of Singapore’s Hawker Culture on the UNESCO Representative List of Intangible Cultural Heritage of Humanity, cooked food and market stallholders across all hawker centres and markets managed by the Government or Government-appointed operators will receive a one-off rental support of $600 per stall.

    More info: [Media Release]


    ~~ End ~~

    MIL OSI Asia Pacific News –

    March 4, 2025
  • MIL-OSI Asia-Pac: New Guidelines To Reduce E-Commerce Packaging

    Source: Asia Pacific Region 2 – Singapore

    JOINT NEWS RELEASE BETWEEN NEA, SMF AND SINGPOST

    Singapore, 4 March 2025 – The Alliance for Action (AfA) [1] on Packaging Waste Reduction for the E-commerce Sector has published a set of Guidelines on Sustainable E-commerce Packaging. The Guidelines were developed by members of the AfA, comprising 14 companies across the e-commerce supply chain (including marketplaces, retailers and packaging producers), organisations and experts. The AfA was co-led by the Singapore Manufacturing Federation (SMF) and Singapore Post (SingPost) and supported by the National Environment Agency (NEA).

    2               The AfA estimates that about 186,000 parcels were delivered in Singapore per day in 2023, generating as much as 15,900 tonnes of mailing packaging in that year alone. E-commerce contributes to packaging waste, which is a key priority waste stream to address under Singapore’s Zero Waste Masterplan. All stakeholders in the e-commerce ecosystem, including businesses and consumers, have an important role to play in managing packaging materials responsibly.

    3               The Guidelines provide a comprehensive list of concrete 3R (Reduce, Re-use, Recycle) solutions tailored to various types of e-commerce packaging, including cardboard boxes, mailers and fillers. For example, the Guidelines lay out seven different “Reduce” solutions for cardboard boxes alone, from simply expanding the range of box sizes available to avoid packing in oversized boxes to switching to lighter alternative packaging. Each solution is augmented with step-by-step actions for businesses to consider and the expected benefits and drawbacks. The Guidelines also benchmark the solutions based on the estimated effort, cost, and environmental impact to allow companies to select the one that best suits their needs.

    4               Beyond 3R solutions, the Guidelines provide operating models for e-commerce marketplaces to promote sustainable packaging to consumers and drive awareness and responsibilities among suppliers. Another additional feature of the Guidelines is a scorecard that company leaders can use to assess the maturity of their management practices in relation to sustainable packaging and pinpoint areas for improvement.

    5               Based on real-world case studies, companies may uncover opportunities to reduce packaging needs by up to 90 per cent, such as by switching from a corrugated cardboard box to a similar-sized paper mailer. Sealed Air had found that with quicker deliveries, apparel retailers required less protection for their packages and the amount of material used in its plastic and paper mailers could be reduced by 30 per cent to 50 per cent. Watsons Singapore also managed to reduce its use of bubble wrap and reaped packaging cost savings of 5 per cent to 10 per cent, by shredding and repurposing used cardboard boxes into filler material.  

    6               The Packaging Partnership Programme, administered by SMF, will be organising workshops to promote the adoption of the guidelines among businesses.

    7               The Guidelines on Sustainable E-commerce Packaging can be downloaded from https://go.gov.sg/sustainable-e-commerce-packaging-guidelines

     

    —————–

    [1] AfAs are industry-led coalitions, working in partnership with the government, to prototype ideas in areas of opportunity for Singapore or address a common challenge.

    ~~ End ~~

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

    MIL OSI Asia Pacific News –

    March 4, 2025
  • MIL-OSI: Atos and Esri announce a strategic partnership to strengthen their offerings in the digital twins market for territory and infrastructure applications

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos and Esri announce a strategic partnership to strengthen their offerings in the digital twins market for territory and infrastructure applications

    Paris, France – March 4, 2025 – Atos today announces that it has signed a strategic partnership with Esri (Environmental Systems Research Institute), a world leader in Geographic Information Systems (GIS), to strengthen their offerings in the market related to AI powered digital twins for territories and infrastructure. These new software solutions will facilitate the collection, management and visualization of complex location-based information through the simulation and development enabled by these digital twins.

    For more than 50 years, Esri has been transforming the exponential volume of geomatics and map data available into actionable insights through decision software. This first-of-its-kind collaboration will combine Atos’s expertise in digital technologies and AI with Esri’s unparalleled experience in GIS to offer their customers new tools of unprecedented power.

    Atos will bring to the partnership its know-how in 3D system modeling and digital twin development for an improved user interface, its experience in integrating and managing complex projects, as well as its knowledge of specific markets such as defense or civil security. Esri, meanwhile, will leverage its capabilities in data integration and interoperability while ensuring that Atos and its customers have access to the necessary technical support, skills, training and certifications to take full advantage of GIS solutions. This will maximize the value of these tools and develop new business opportunities. The partners will be able to work together on new projects and apply their respective expertise to existing projects depending on the specific needs and requirements.

    By combining their strengths, Esri and Atos are expanding their service portfolio and opening up new opportunities in several key sectors such as:

    Public sector: Supporting local authorities in territorial planning and climate risk management, assisting governments with infrastructure and territorial planning, natural resource monitoring and disaster modelling.

    Private sector: Tailor-made solutions for industry, networks, trade in areas such as BIM, logistics, network and flow management, as well as subsurface exploration solutions for industries like oil and mining.

    Defense and security: Tools for advanced geospatial identification and humanitarian crisis management.

    Emergency response: Real-time analysis of disaster areas and logistics in the event of disasters and other geolocatable events.

    This partnership will also enable the development of a series of decision-making tools based on AI and GIS, providing public authorities with new and more advanced solutions to understand, prevent and adapt to climate risks, as well as to fine tune of natural resource management.

    “We are delighted to have entered this new partnership with Esri, the world leader in mapping data, which embodies Atos’s excellence in geolocated data and geomatics tools,” said Laurent Clergue, Director of Inno’Labs, Atos. “The combination of our respective expertise opens up a brand-new field of opportunities and allows us to expand our knowledge in data and AI. We are now able to provide our customers with the best of our technologies in the simulation of natural and human environments, sustainable development, urban planning, or crisis management.”

    “The implementation of digital twins for territory, infrastructure and subsurface markets is based on a solid ecosystem, combining a robust technological base and cutting-edge expertise. By combining Esri’s ArcGIS GIS platform, a true cornerstone for the modeling and analysis of spatial data, and Atos’s expertise in terms of specific services and developments, we are creating together the opportunities for innovative and efficient projects, to the benefit of tomorrow’s territories” said Lionel Henry, AEC Solutions Pilot, Esri France.

    ***

    About Esri

    Esri, a global leader in geographic information systems (GIS), geolocation, and mapping software, helps customers unlock the full potential of data to improve business and business outcomes. Founded in 1969 in Redlands, California, USA, Esri software is deployed in hundreds of thousands of organizations worldwide, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, global distributors, and partners providing local support in more than 100 countries on six continents. Through its pioneering commitment to geospatial technology and analytics, Esri designs the most innovative solutions that use a geographic approach to solve some of the world’s most complex problems in the critical context of location. Visit us on www.esri.com

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contacts

    Esri: Céline Rocheteau, crocheteau@esrifrance.fr, +33 (0) 7 60 77 75 94
    Atos: Laurent Massicot | laurent.massicot@atos.net | +33 (0)7 69 48 01 80

    Attachment

    • PR Global – Atos and Esri announce a strategic partnership to strengthen their offering on the digital twins market for territory and infrastructure applications

    The MIL Network –

    March 4, 2025
  • MIL-OSI: Qifu Technology to Announce Fourth Quarter and Full Year 2024 Unaudited Financial Results on March 17, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, March 04, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on Monday, March 17, 2025.

    Qifu Technology’s management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Monday, March 17, 2025 (7:30 PM Beijing Time on the same day).

    Conference Call Preregistration

    All participants wishing to join the conference call must pre-register online using the link provided below.

    Registration Link: https://s1.c-conf.com/diamondpass/10045854-hg6t5r.html

    Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

    Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company’s website at ir.qifu.tech.

    About Qifu Technology

    Qifu Technology is a leading Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology
    E-mail: ir@360shuke.com

    The MIL Network –

    March 4, 2025
  • MIL-OSI Africa: A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

    Source: Africa Press Organisation – English (2) – Report:

    LAGOS, Nigeria, March 4, 2025/APO Group/ —

    The Sports Africa Investment Summit 2025 has marked a pivotal moment in Africa’s journey toward sports industrialisation and economic transformation. Over two electrifying days in Lagos, the summit, hosted by Sport Nigeria Ltd/Gte (www.SportNigeria.ng) in partnership with the Office of the Presidency and the National Sports Commission, brought together a powerful coalition of stakeholders—government representatives, UNESCO, AFREXIM Bank, Development Finance Institutions (DFIs), investors, and sports industry leaders—all united by a shared vision: to unlock the immense potential of sports as a driver of economic growth, job creation, and community development across Africa. 

    At the heart of this historic gathering was the signing of a groundbreaking technical agreement between the Abia State Government and Sport Nigeria Ltd/Gte, paving the way for Africa’s first-ever Sports Special Economic Zone (SSEZ). This visionary initiative will transform Abia State into a global hub for sports goods manufacturing, leveraging Aba’s legendary craftsmanship, entrepreneurial spirit, and industrial excellence. Aligned with Nigeria’s Industrial Revolution Plan (NIRP) and the African Continental Free Trade Area (AfCFTA), the SSEZ is poised to become a beacon of innovation, trade, and industrialisation, creating thousands of jobs and empowering local businesses. 

    According to Hon. Nwaobilor Ananaba, Commissioner for Sports, Abia State, “The Special Sports Economic Zone is a game-changer for Abia State and Nigeria at large. Under the visionary leadership of His Excellency, Dr. Alex Otti, OFR we are committed to driving a collective agenda that will transform Abia into the premier hub for sports goods manufacturing and infrastructure development. This project is a bold step toward job creation, youth empowerment, and economic diversification, and we will work tirelessly to ensure its full realisation with our partners, Sports Nigeria.” 

    The summit’s robust discussions underscored the pressing need for innovative financing models, capacity-building initiatives, and diaspora engagement to sustain long-term development. According to Mr. Chinedum Chijioke, Chair of the Abia State Investment Office, “The signing of this agreement marks the beginning of a transformative journey to attract global investments and build an ecosystem where sports, commerce, and industry thrive together. We are dedicated to fostering strategic partnerships that will actualise this vision and create lasting economic impact.” 

    The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level. This cluster-based model will integrate community sports hubs across the continent, providing accessible facilities that encourage mass participation in sports, particularly within the education sector. By embedding sports into daily life, Spaces 4 Sports aims to achieve a 50% increase in mass sports participation, enhance youth engagement, and accelerate progress toward the Sustainable Development Goals (SDGs) and Africa Union Agenda 2063, using sports as a catalyst for education, health, and gender inclusivity. 

    The message from the summit was clear: Africa’s sports economy is ready to take off, but it will require bold investments, visionary leadership, and strategic partnerships to realise its full potential. This point was emphasised by Ms. Nkechi Obi, CEO of Sport Nigeria Ltd, “Sports is more than entertainment—it’s an industry, a business, and a force for economic transformation. Abia’s Sports Special Economic Zone is the first of its kind, but it won’t be the last. We are setting a precedent that others will follow.” 

    The private sector has a critical role to play in bridging the infrastructure gap and unlocking the industry’s potential. With sports serving as a multi-billion-dollar industry globally, Africa is uniquely positioned to harness its youthful population, raw talent, and market demand. Strategic investment in sports infrastructure will not only drive economic growth but also create employment, boost tourism, and elevate Africa’s global sporting competitiveness. 

    Mr. Yahaya Maikori, Vice Chairman of Sport Nigeria, notes that “We don’t need more talk—we need action. This SSEZ is our action plan. The world is watching, and investors are ready. Now is the time.” 

    The foundation has been laid. The partnerships are forming. Now is the time for investors, DFIs, and Africa-focused development organisations to step forward and seize this unprecedented opportunity. The future of African sports is not on the sidelines—it’s in the factories, the training centers, the research labs, and the boardrooms. 

    The call to action is clear: Invest in Africa’s sports future. Build the infrastructure. Empower the youth. Transform communities. Together, we can change the game. 

    MIL OSI Africa –

    March 4, 2025
  • MIL-OSI Russia: Sergei Sobyanin summed up the results of the Winter in Moscow project

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The Winter in Moscow project has ended in the capital. Almost 30 million Muscovites and guests of the city took part in it. Sergei Sobyanin summed up the results of the large-scale project in his blog.

    “Three months of festivities, almost 53 thousand events and countless impressions, smiles, cozy gatherings with loved ones and new acquaintances are behind us. I sincerely thank the organizers, artists, volunteers and everyone who helped to implement this large-scale and important project for the city – we did a great job together!” – wrote the Mayor of Moscow.

    The Winter in Moscow project united the largest festivals: Journey to Christmas, Moscow Estates, Moscow Tea Party, Moscow Maslenitsa, Chinese New Year in Moscow, Moscow Traditions, as well as popular city events: the parade of Father Frosts and Snow Maidens, Student Days in Moscow, Winter Day of Moscow Sports and much more.

    Good works

    Much attention was traditionally paid to charity. Residents and guests of the capital collected and handed over 35 thousand gifts to the Domiki Dobra (Houses of Good) of the Moscow Helps project. Warm clothes and cards with heartfelt wishes were brought for the participants of the special military operation (SVO), and toys and books were given to young residents of the new regions. Family members of SVO participants were given 30 thousand certificates for free visits to skating rinks, as well as 17 thousand tickets to New Year’s trees.

    In February, a charity day was held at the VDNKh skating rink. The proceeds from ticket sales were sent to the Konstantin Khabensky charity foundation, the Vera and Life Line hospices, and the I Am! foundation for supporting children with special needs.

    This year, a month before the official end of the “Kind Tree” campaign, Muscovites fulfilled more than 1,700 cherished wishes of the wards of 170 Moscow non-profit organizations.

    Many visited the winter charity festival “City of the Caring”, events of the volunteer project “Time of Good” and the inclusive exhibition “World without Borders” on the territory of the design factory “Flacon”, and also became Santa Clauses as part of the “Fulfill a Wish” campaign. They did not forget about four-legged animals: they collected food, shampoos and much more for shelters, including in new regions.

    Citywide festivals

    Citywide festivals were, as always, especially popular. As part of the “Journey to Christmas,” Muscovites and tourists met fairy-tale characters and heroes of their favorite Soviet comedies and cartoons, mastered folk crafts and learned to cook New Year’s dishes at master classes, competed in strength, dexterity and accuracy.

    More than 170 ice shows staged by the best Russian figure skaters took place on the venues of “Winter in Moscow”. Olympic champions and other brightest sports stars took to the ice as part of the festival. The program included performances based on favorite fairy tales (“The Nutcracker”, “Swan Lake”, “The Bremen Town Musicians”, “The Snow Queen”).

    The participants of the festival “Moscow Estates” especially remembered the park ball-performance “Theatre in a Box” in the N.E. Bauman Garden and Ostankino Park.

    The City of Light festival became a real celebration of art, mapping and New Year’s magic. Every evening the city streets turned into illustrations of favorite fairy tales. 10 architectural sites in the center of the capital were decorated with projections of iconic stories. Muscovites and guests of the capital could enjoy fantastic light canvases for almost four thousand hours.

    Last year, Muscovites loved the festival to celebrate the Chinese New Year. This year, it was extended and expanded — people could get acquainted with Chinese culture for two weeks at two dozen venues throughout the city.

    At the Moscow Tea Party festival, more than 37 thousand cups of Moscow tea were drunk. During Moscow Maslenitsa, 120 thousand portions of pancakes were eaten, and more than 270 thousand postcards were sent across the country via Winter Mail.

    “Moskino Cinema Park participated in the winter citywide project for the first time, so it prepared with special responsibility: film screenings, excursions, performances, immersive shows – one day is not enough to take part in everything. One of the most popular events was the performance “Cathedral Square” about the Time of Troubles – every screening was sold out,” said Sergei Sobyanin.

    A family space opened on the territory of the Moscow Palace of Pioneers, which was visited by more than 115 thousand people in three months. The skating rink was especially popular, as it worked continuously in any weather thanks to its artificial surface. In addition, residents and guests of the capital could visit a charity fair, go tubing and husky sledding. On weekends and holidays, the site hosted master classes, immersive performances, and an eco-farm with deer and alpacas. On the last day of winter, the site hosted a large-scale celebration of Maslenitsa.

    A family space opened on the territory of the Moscow Palace of Pioneers on Vorobyovy Gory, which was visited by more than 115 thousand people in three months. The skating rink, which worked continuously in any weather thanks to the artificial surface, was especially popular. In addition, residents and guests of the capital could visit a charity fair, ride tubing and husky sleds. On weekends and holidays, master classes, immersive performances were held, and an eco-farm with deer and alpacas operated. On the last day of winter, a large-scale celebration of Maslenitsa was held on the site.

    Market of Magic

    Another new feature of “Winter in Moscow” is the magic market of the “Made in Moscow” project. It was held on seven popular tourist streets of the capital – Arbat and Novy Arbat, Kuznetsky Most, Rozhdestvenka, Tverskoy Boulevard, Stoleshnikov Lane, and Bolotnaya Square. Each of the pavilions became a real art object. More than 500 Moscow manufacturers presented their products in them.

    In the flagship pavilion on Bolotnaya Square, one could not only buy products from Moscow manufacturers, but also participate in master classes, watch fashion shows and ice shows, and even ride a real steam locomotive. More than 570 thousand city residents visited the Magic Market, where over 3.5 thousand free themed events took place. In addition, there was a free skating rink, where more than 130 thousand people skated.

    The market became one of the key city support measures for the capital’s businesses. Thus, local brands were able to present their products on the shelves for free, selling more than 50 thousand units of goods. The market participants sent 10 percent of the proceeds to the charity fund “People’s Front. Everything for Victory!”

    Contribution of entrepreneurs

    Entrepreneurs — participants of the special project “Come on in!” — also contributed to the creation of a winter mood in the capital. They prepared more than 900 events — special offers in the form of discounts and bonuses and free gastronomic and creative master classes, performances, and sports. More than six thousand residents and guests of the city took advantage of the offers of the capital’s businesses.

    The 2nd Moscow Beauty Week was held in the Manezh Central Exhibition Hall. Over 60,000 people visited the event over the course of four days, and over 600 Russian companies presented their products, 384 of which were from the capital. One of the main stands at the exhibition was the Made in Moscow stand, designed as an advent calendar. Over 50 capital brands presented their unique products, and visitors could buy souvenirs, take part in themed master classes, and make gifts with their own hands.

    The festive atmosphere in Moscow was created by businessmen who decorated the facades, shop windows and entrances of their organizations. To support such enterprises, a competition for the best winter decoration was held, and a grant for decoration was provided for the first 100 entrepreneurs, within the framework of which businessmen were able to compensate part of the decoration costs. Most of the applications came from companies in the catering sector. In addition, creative teams, designers, as well as citizens over 18 years old were able to show their talents in a competition for the best project of festive and thematic decoration of a non-residential property.

    Events in the parks

    Immersive performances, ice shows and culinary master classes were organized for visitors in the capital’s parks. Interesting events were held here all winter, including the “Tasty Frosts” gastrofestival, the “Snow and Ice” festivals, “Blue Light”, “Hipsters” and much more. Three thousand people took part in the “Mandarin” New Year’s competition.

    We tried to please little Muscovites with New Year’s performances at Gostiny Dvor. The program was not limited to a musical performance, but also unfolded in a specially created space “Detstvograd” in the foyer around an 11-meter fir tree. More than 300 artists, equilibrists and animators took part in the Mayor’s tree.

    More than 600 tons of Ural ice were brought to Moscow for the Snow and Ice festival. Sculptures, light installations and art objects appeared in the city, creating a fairy-tale atmosphere. The central object of the festival was the Ice Castle of Wonders in the Muzeon Arts Park. This is a huge structure with multi-level slides, on which more than 75 thousand guests rode.

    Outdoor sports

    “Frosty weather is not a reason to deny yourself the pleasure of doing sports. And although winter did not spoil skiers with snow this year, skiing was still possible thanks to our artificial snow-covered slopes in Luzhniki, Bitsa Park, on the territory of Grebnoy Canal and in other places. The ski slopes, including those on Vorobyovy Gory, Novo-Peredelkino and Sevastopolsky Prospekt, were also popular,” the Moscow Mayor emphasized.

    For ice skaters, the city was a real paradise. One of the largest skating rinks, Luzhniki, hosted more than 100,000 people this winter season.

    As part of the Winter in Moscow project, master classes by famous figure skaters were held at the skating rinks. In total, more than 1.2 thousand people took part in them.

    Muscovites could assemble their own team or simply come to one of the 10 capital parks and enjoy the spirit of folk winter competitions, playing Russian hockey in felt boots, snow darts or curling as part of the new family sports festival “Moscow Traditions”. More than 100 thousand people took part in it.

    The winter season of the My Sports District project brought together 60,000 outdoor sports enthusiasts. Professional trainers conducted more than 5,800 skating, skiing, and fitness training sessions.

    A large-scale program was presented at the city’s largest skating rink at VDNKh, which could accommodate up to five thousand people at a time. Here, you could not only hone your skills, but also watch ice shows, participate in theme parties, morning exercises, night skating, and visit a children’s skating school. New features included stands for spectators, an ice arena for hockey and laser tag, a bar counter, and an expanded food court.

    From the end of November to the beginning of March, more than 120 events were held at the skating rink, and almost half a million people became its guests. In addition, during the New Year holidays, VDNKh guests could immerse themselves in the magical atmosphere at the New Year’s fair behind pavilion No. 58.

    Get to know the city better

    The new winter season was the augmented reality game “Winter in Moscow” based on the Russpass mobile app. Walking around the city, getting to know the sights and catching cartoons with the help of smartphones was enjoyed by both children and many adults – players visited the capital’s iconic places more than 730 thousand times.

    It was also possible to get to know Moscow or take a new look at it on excursions of the project “Heritage Around Us”. One of its features was the use of virtual reality glasses. Participants of the excursions could travel into the past and see the interiors of Moscow estates and other historical buildings, usually closed to visitors.

    “Winter in Moscow” was an amazing event, but summer is just around the corner – we are starting to prepare for a new project!” concluded Sergei Sobyanin.

    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: //vv.mos.ru/mayor/tkhemes/12434050/

    MIL OSI Russia News –

    March 4, 2025
  • MIL-OSI Russia: The school under construction in Novo-Peredelkino is already 60 percent complete

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the Novo-Peredelkino district, construction of a school for 550 students is underway. It will be built using funds from the Targeted Investment Program. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “A new modern building is being erected in Novo-Peredelkino at the address: microdistrict 14, building 20. It will be part of educational complex No. 1238. The total area of the four-story building is 8.8 thousand square meters. Currently, the installation of internal engineering systems and the facade is ongoing at the construction site, and the finishing of the premises is underway. Also, the installation of external engineering networks is more than 70 percent complete. The overall readiness of the school is about 60 percent,” said Vladimir Efimov.

    The school will consist of three functional blocks with large internal areas and recreation areas.

    “A spacious lobby with cloakrooms, universal and specialized classrooms and a dining hall are designed on the first floor. A biology classroom, as well as halls for events and sports activities are planned on the second floor. Universal and specialized classrooms, a choreography studio and a media library will be located on the third and fourth floors,” the head of the Civil Engineering Department specified. Rafik Zagrutdinov.

    The school’s façade design will blend harmoniously with the surrounding buildings. Nearby, there will be areas for events, recreation, and sports.

    According to the Chairman of the State Construction Supervision Committee Anton Slobodchikova, the entire construction cycle is under the control of the department. Inspectors have already conducted eight on-site inspections at the site, assessing the quality of the work performed and the materials used for compliance with the design documentation and the approved architectural and urban planning solution.

    Earlier, Sergei Sobyanin called Key construction projects in Moscow for the next two years.

    The construction of social facilities in the capital corresponds to the goals and initiatives of the national project “Infrastructure for life”.

    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: //vv.mos.ru/nevs/ite/150879073/

    MIL OSI Russia News –

    March 4, 2025
  • MIL-OSI Russia: Investors can buy two commercial properties in northern Moscow from the city

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The city has put up for sale two non-residential buildings with a total area of over 560 square meters. They are located in the Northern Administrative District. This was reported by the Minister of the Moscow Government, Head of the Department of City Property Maxim Gaman.

    “Investors will be able to purchase two buildings with a total area of 563.2 square meters from the city in the north of the capital in the Khoroshevsky and Molzhaninovsky districts. They are located near major highways, metro stations and the Moscow Central Diameter, and there are residential buildings, educational institutions and shops nearby. The lots have a free designation, which means that future owners will be able to use the real estate at their own discretion. For example, they can open a restaurant or a mini-hotel in them,” said Maxim Gaman.

    One building with an area of 105 square meters is located at the address: 5th Magistralnaya Street, Building 10a, Building 2The second facility with an area of 458.2 square meters is located at: Leningradskoe shosse, house 196.

    “Anyone can take part in the auctions. To do this, you need to register on the trading platform, get an enhanced qualified electronic signature, make a deposit of 20 percent of the initial cost of the lot and submit an application, the acceptance of which will end on March 5, the auction is scheduled for March 17,” added Dmitry Ryabov, General Director of the City Property Management Center.

    The buildings put up for sale belong to the City Property Management Center.

    The organizer of the auction is Moscow City Department of Competition PolicyAccording to its director Kirill Purtov, auctions for the sale of commercial buildings are in demand among Moscow entrepreneurs. Over the past year, the city sold 57 such objects, and the average competition was eight participants per lot.

    Information about objects put up for open auctions is published onMoscow investment portal. You can study the lot documentation and rules for conducting auctions in the section “Property from the city”.

    The development of electronic services for entrepreneurs is being implemented within the framework of the national project “Data Economy”.

    The city sold almost 1,900 commercial premises at auction in 2024

    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: //vv.mos.ru/nevs/ite/150889073/

    MIL OSI Russia News –

    March 4, 2025
  • MIL-OSI Africa: Life after school for young South Africans: six insights into what lies ahead

    Source: The Conversation – Africa – By Gabrielle Wills, Senior researcher at Research on Socio-Economic Policy, Stellenbosch University

    At the dawn of democracy in 1994, South Africa faced a sobering reality. Fewer than a third of 25- to 34-year-olds had achieved at least a matric (12 years of schooling completed) or equivalent qualification.

    Thirty years on, the proportion of individuals in this age group that had completed their schooling had almost doubled to 57%. This figure will be further bolstered by the record-breaking results in the National Senior Certificate (matric) examinations in recent years. South Africa’s school completion rates are now high and comparable to other middle-income countries.

    But this good news is tempered by very high youth unemployment and a faltering economy. What are the prospects for young South Africans once they’ve matriculated?

    I have aimed to answer this question in my new study. By using the Quarterly Labour Force Survey – a nationally representative, household-based sample survey – and other data sources, I have developed six insights that tell us what the post-matric landscape is like today. For the purposes of the study I defined recent matriculants as 15-24-year-olds with 12 years of completed schooling.

    This study highlights how increasingly larger proportions of recent matriculants find they have limited opportunities. The rising number of youth leaving school with a matric, especially in recent years, is not being met with enough opportunities beyond school, whether in work or in post-school education and training.

    Conditions in South Africa’s labour market must improve and further expansion in quality post-school education and training is required for the country to realise the benefits of rising educational attainment and progress for national development.

    1. Less chance of employment

    The graph below illustrates a brutal truth: ten years ago finding a job was easier for matriculants than it will be for the matric class who finished school in 2024. Between 2014 and 2018 about 4 of every 10 recent matriculants who were economically active (including discouraged work seekers) were employed. By the start of 2024 this figure was closer to 3 of every 10.

    Percent of South African youth employed by qualification level. Dr Gabrielle Wills, CC BY-NC-ND

    The likelihood of youth with a matric having a job at the start of 2024 roughly resembled the chances of youth without a matric having a job eight to ten years ago.

    With more learners progressing to matric, especially due to more lenient progression policy during and just after the COVID-19 pandemic, changes in the composition of the matric group could be driving some of the declines in this group’s employment prospects. But there has been a deterioration in the labour market for all youth over the past decade. Employment prospects have even declined for youth with a post-school qualification.

    2. Not in employment, education or training

    Proportionally fewer recent matriculants are going on to work or further study.

    Before the COVID-19 pandemic (2014-2019), around 44%-45% of recent matriculants were classified as “not in employment, education or training” (NEET). The NEET rate among recent matriculants peaked at 55% in early 2022 and remained high at 49.8% at the start of 2024.

    Stated differently, one of every two recent matriculants was not engaged in work or studies in the first quarter of last year. That’s 1.78 million individuals. Coupled with the rising numbers of youth getting a matric, this implies that the number of recent matriculants who were not working or studying rose by half a million from the start of 2015 to the start of 2024.

    Among all 15-24-year-olds, the NEET rate rose from 32% in the first quarter of 2014 to 35% in the first quarter of 2024. Even larger increases in the NEET rate occurred among 25-34-year-olds, rising from 45% to 52% over the same period.

    This is a worry. But it doesn’t mean the matric qualification has no value.

    3. A matric still provides an advantage

    In early 2024, nearly half of matriculants aged 15-24 were classified as not in employment, education or training. Almost 8 out of 10 of their peers who had dropped out of school were NEET. In short, you’re still more likely to get a job or further your studies with a matric certificate than without one.

    4. A hard road

    The road to opportunity beyond school is harder than it was a decade ago.

    Among NEET matriculants aged 15-24 at the start of 2014, 27% searched for work for more than a year. By early 2024, this figure had risen to 32%.

    It’s even worse for 25-34-year-old NEETs who hold a matric qualification. The percentage searching for work for over a year rose from 37% at the start of 2014 to 50% in early 2024.

    The longer young people remain disconnected from employment, education or training, the greater the toll on their mental health. NEET status is associated with worse mental health, particularly among young men.

    5. Post-school education and training

    The government has made ambitious plans to expand opportunities for young people to study further. But enrolments in post-school education and training are not growing sufficiently to match the rising tide in school completion or to absorb youth who cannot find jobs. And, with projected declines in real per student spending on post-school education as South Africa tries to address escalating national debt servicing costs, this situation is unlikely to improve anytime soon.

    The country is not keeping pace with tertiary enrolment rates in other developing nations like Brazil, Indonesia or China. For instance, 2021 estimates from the World Bank identify South Africa’s tertiary enrolment rate at 25%, compared to 41% in Indonesia, 57% in Brazil and 67% in China.

    6. Location matters

    Where someone lives in South Africa influences their chances for upward mobility. These inequalities are reflected in varying youth NEET rates across provinces. For instance, a third of recent matriculants in the Western Cape were not in employment, education or training in 2023/2024. That figure more than doubles in the North West province to 67%.

    How to help

    Two things are needed: improving labour market conditions and expanding post-school education and training opportunities.

    This is unlikely without improved economic growth.

    All of this may sound hopeless. But there are things that ordinary South Africans can do, too:

    • keep encouraging young people in your orbit to complete their schooling

    • where possible, spur them on to obtain a post-school qualification

    • use your social networks to connect youth to work experience opportunities, and help with CVs, referral letters and references.

    Young people must also adopt a practical, pragmatic and entrepreneurial mindset. They need to seize every opportunity available to them, whether in the labour market or post-school education.

    – Life after school for young South Africans: six insights into what lies ahead
    – https://theconversation.com/life-after-school-for-young-south-africans-six-insights-into-what-lies-ahead-249031

    MIL OSI Africa –

    March 4, 2025
  • MIL-OSI: Pinch Integrates with Annature to Streamline Payments and Contracts

    Source: GlobeNewswire (MIL-OSI)

    BRISBANE, Australia, March 04, 2025 (GLOBE NEWSWIRE) — Pinch Payments, a leading all-in-one Australian payments solution, has launched a powerful new integration with Annature, the #1 rated e-signature and identity verification platform on the Xero App Store. This integration allows businesses to capture both customer payment methods and e-signatures in a single, seamless step, simplifying operations and improving efficiency.

    “Businesses can now capture customer payment details and e-signatures in one seamless step”

    With this integration, businesses can pre-authorise future payments while ensuring contracts and agreements are digitally signed and securely stored—without being tied to ongoing subscription fees. Both platforms operate on a pay-as-you-go model, meaning businesses only pay when customers use the service, keeping costs predictable and manageable.

    A Smarter Solution for Service-Based Businesses

    Many businesses struggle with managing separate processes for payment collection and contract signing, leading to administrative inefficiencies. By combining these tasks into one streamlined solution, businesses can enhance their customer experience, reduce friction, and save time.

    How the Integration Works

    • Connect Pinch to Annature: Businesses can link their Pinch Payments account to Annature via API keys in just a few minutes.
    • Set Up Document Templates: Easily create contract templates with both signature fields and payment method fields (credit card or bank account).
    • Send Documents for Signing: Customers can sign the document and enter their payment details in one step.
    • Automate Payments: Once signed, Pinch securely stores payment details, allowing for automatic or manual debiting when invoices are due.

    The Power of Automation

    • Reduce payment delays: Customers provide payment information upfront, ensuring faster invoice payments.
    • Ensure compliance: E-signatures collected through Annature are legally binding.
    • Improve customer satisfaction: A seamless experience reduces friction and enhances professionalism.

    Why Streamlined Payments and Contracts Matter

    Research shows that 69% of customers prefer automated payment systems for their speed and convenience. Businesses that simplify payment collection see fewer overdue invoices and improved cash flow. Additionally, the global e-signature market is expected to grow from USD 9.93 billion in 2024 to USD 70.24 billion by 2030, reflecting a growing demand for digital-first contract management.

    No Subscription Fees: A True Pay-as-You-Go Solution

    Unlike many platforms that require ongoing subscriptions, this integration is completely usage-based. Businesses are only charged when customers use the e-signature feature or provide payment details, making it an affordable and flexible option.

    “This pay-as-you-go model ensures businesses only pay for what they use, making advanced payment and contract management accessible to companies of all sizes.”

    Getting Started is Simple

    Setting up the integration is quick and straightforward—businesses using Pinch Payments and Annature can simply input their API keys in Annature’s settings. Both platforms are free to sign up and only charge based on actual usage, allowing businesses to optimise their operations without upfront costs.

    For more information, visit getpinch.com.au

    About Pinch Payments

    Pinch Payments is a leading Australian payments platform that helps businesses automate invoicing and payment collection. By integrating with major accounting software, Pinch simplifies the payment process, improving cash flow and reducing administrative workload. Features of Pinch Payments include:

    • Get paid by credit or debit card, or direct debit
    • Get paid on time with customer pre-approvals
    • Collect multiple payments at once
    • Empower debtor management processes with payment plans

    Learn more at getpinch.com.au

    About Annature

    Annature is Australia’s premier eSignature provider, offering secure, legally binding digital signing solutions. Designed for compliance and efficiency, Annature helps businesses streamline their document workflows with best-in-class security standards. Learn more at annature.com.au

    The MIL Network –

    March 4, 2025
  • MIL-OSI Economics: CBB introduces new fit and proper requirements for board and management of licensed financial institutions

    Source: Central Bank of Bahrain

    CBB introduces new fit and proper requirements for board and management of licensed financial institutions

    Published on 4 March 2025

    Manama, Kingdom of Bahrain – 4 March 2025 – The Central Bank of Bahrain (“CBB”) has introduced new requirements for licensed financial institutions relating to the appointment of board members and senior management. The new rules are issued under one common Module of the CBB Rulebook, replacing the “fit and proper” requirements which were previously included in the “Licensing Requirements”, “Authorisation” and “Training and Competency” Modules found across all Volumes of the CBB Rulebook.

    The new Fit and Proper Module reduces the number of senior managers that require CBB prior approval, removes the prescriptive ‘one size fits all’ qualifications and core competency requirements for senior management positions, and requires the licensees to develop their own standards. By reducing the number of prior approvals, CBB will no longer co-manage senior management appointments holding the board and CEO accountable for suitability of senior managers, thus making the board and CEO accountable for ensuring suitability of persons holding senior management positions.

    Commenting on the new regulations, Mrs. Shireen Al Sayed, Director of Regulatory Policy Unit, said “The revised requirements, which were developed following extensive discussions with the industry and benchmarking the practices in reputable financial centres, reflect the CBB’s ongoing efforts to reduce compliance and administrative burden for our licensees while maintaining the highest standards of integrity and competence in the financial services sector. By streamlining the approval process, we aim to empower the industry to take greater ownership in selecting the right talent for senior management roles. This rationalization is essential to supporting our licensees’ growth in an increasingly competitive environment.”

    The new CBB prior approval requirements for board of directors and senior managers will take effect from 1 April 2025, whilst the remaining requirements are effective 1 October 2025. The Module applies to all CBB licensees and can be accessed under the Common Volume of the CBB Rulebook available on CBB’s website:

    https://cbben.thomsonreuters.com/rulebook/common-volume

    Share this

    MIL OSI Economics –

    March 4, 2025
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