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Category: Business

  • MIL-Evening Report: What makes Chinese students so successful by international standards?

    Source: The Conversation (Au and NZ) – By Peter Yongqi Gu, Associate Professor, School of Linguistics and Applied Language Studies, Te Herenga Waka — Victoria University of Wellington

    Getty Images

    There is a belief widely held across the Western world: Chinese students are schooled through rote, passive learning – and an educational system like this can only produce docile workers who lack innovation or creativity.

    We argue this is far from true. In fact, the Chinese education system is producing highly successful students and an extremely skilled and creative workforce. We think the world can learn something from this.

    In a viral video earlier this year, Apple CEO Tim Cook highlighted the unique concentration of skilled labour that attracted his manufacturing operations to China:

    In the US, you could have a meeting of tooling engineers, and I’m not sure we could fill the room. In China you could fill multiple football fields.

    To which Tesla CEO Elon Musk quickly responded on X: “True”.

    When South African President Cyril Ramaphosa visited the Shenzhen headquarters of electric vehicle manufacturer BYD earlier this year, he was surprised to learn the company was planning to double its 100,000-strong engineering taskforce within the coming decade.

    He might not have been so surprised had he known Chinese universities are producing more than ten million graduates every year – the foundation for a super-economy.

    The ‘paradox of the Chinese learner’

    Chinese learners achieve remarkable success levels compared to their Western – or non-Confucian-heritage – counterparts.

    Since Shanghai first participated in the PISA educational evaluation in 2009, 15‑year-olds in China have topped the league table three out of four times in reading, mathematics and science.

    How can a supposedly passive and rote Chinese system outperform its Western counterparts? A number of Australian scholars have been studying this “paradox of the Chinese learner” since the 1990s.

    Their research shows those common perceptions of Chinese and other Asian learners are wrong. For example, repetition and meaningful learning are not mutually exclusive. As one Chinese saying goes:

    书读百遍其意自现 – meaning reveals itself when you read something many times.

    What can Western education learn?

    An emphasis on education is a defining feature of Chinese culture. Since Confucianism became the state-sanctioned doctrine in the Han Dynasty (202BCE–220CE), education has entered every fabric of Chinese society.

    This became especially true after the institutionalisation of the Keju system of civil service examinations during the Sui Dynasty (581CE–618CE).

    Today, the Gaokao university entrance examination is the modern Keju equivalent. Millions of school leavers take the exam each year. For three days every July, Chinese society largely comes to a standstill for the Gaokao.

    While the cultural drive for educational excellence is a major motivation for everyone involved in the system, it is not something that is easily learned and replicated in Western societies.

    However, there are two principles we believe are central to Chinese educational success, at both the learner and system levels. We use two Chinese idioms to illustrate these.

    The first we call “orderly and gradual progress” – 循序渐进. This principle stresses patient, step-by-step and sequenced learning, sustained by grit and delayed gratification.

    The second we call “thick accumulation before thin production” – 厚积薄发. This principle stresses the importance of two things:

    • a comprehensive foundation through accumulation of basic knowledge and skills
    • assimilation, integration and productive creativity only come after this firm foundation.
    Technique to art: weekly calligraphy lessons have been mandatory in Chinese primary and middle schools since 2013.
    Getty Images

    Knowledge, skill and creativity

    The epitome of orderly and gradual progress is the way calligraphy is learned. It goes from easy to difficult, simple to complex, imitating to free writing, technique to art. Since 2013, it has been a mandatory weekly lesson in all primary and middle schools in China.

    The art of Chinese writing embodies patience, diligence, breathing, concentration and an appreciation of the natural beauty of rhythm. It teaches Chinese values of harmony and the aesthetic spirit.

    “Thick accumulation” can be illustrated in the way students study extremely hard for the national Gaokao examination, and also during tertiary education. This way they accumulate the basic knowledge and skills required in a modern society.

    “Thin production” refers to the ability to narrow or focus this accumulated knowledge and skill to find and implement creative solutions in the workplace or elsewhere.

    Ways of learning

    On the face of it, the emphasis on gradual and steady progress, and on accumulation of basic knowledge and skills, may look like a slow, monotonous and uninspiring process – the origin of those common myths about Chinese learning.

    In reality, it boils down to a simple argument: without a critical mass of basic knowledge and skills, there is little to assimilate and integrate for productive creativity.

    Of course, there are problems with Chinese learning and education, not least the fierce competitiveness and overemphasis on examinations. But our focus here is simply to show how two basic educational principles underpin Chinese advances in science and technology in a modern knowledge economy.

    We believe these principles are transferable and potentially beneficial for policymakers, scholars and learners elsewhere.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. What makes Chinese students so successful by international standards? – https://theconversation.com/what-makes-chinese-students-so-successful-by-international-standards-238325

    MIL OSI Analysis – EveningReport.nz –

    January 24, 2025

  • MIL-OSI NGOs: Saudi Arabia: Migrant workers at Carrefour sites exploited, cheated and forced to live in squalor

    Source: Amnesty International –

    Migrant workers contracted to sites in Saudi Arabia franchised by French retail giant Carrefour were deceived by recruitment agents, made to work excessive hours, denied days off and cheated of their earnings, said Amnesty International.

    In the new report, “I would fear going to work”: Labour exploitation at Carrefour sites in Saudi Arabia, the human rights organization also documents how workers were made to live in squalid accommodation and feared being ‘fired’ if they complained or resisted working additional overtime.

    The abuses suffered by some of the contracted workers likely amount to forced labour including human trafficking for the purpose of labour exploitation, yet neither Carrefour Group nor its partner Majid Al Futtaim, which operates the franchise in Saudi Arabia, took adequate action to stop them or offer redress to workers.

    “Workers thought they were opening the door to a better life but instead many were subjected to appalling exploitation and abuse. Carrefour’s inaction meant it failed to prevent this suffering, which for some contracted workers likely amounts to forced labour including human trafficking,” said Marta Schaaf, Amnesty International’s Director of Climate, Economic and Social Justice, and Corporate Accountability Programme.

    “Carrefour has a clear responsibility under international human rights standards to ensure abuses do not occur throughout its operations, including its franchises. Now Carrefour and Majid Al Futtaim should act to remedy the abuses – including urgently compensating those affected – and ensure that workers in their operations are never harmed again.”

    Carrefour has a clear responsibility under international human rights standards to ensure abuses do not occur throughout its operations, including its franchises.

    Marta Schaaf, Amnesty International

    Amnesty International’s report comes just two weeks before the International Labour Organization (ILO) Governing Body will consider a landmark complaint against the Saudi Arabian government regarding wage theft, forced labour and the prohibition of trade unions. The complaint was submitted by global trade union Building and Wood Workers’ International (BWI) in June 2024, supported by Amnesty International and other organisations.

    Deceived, overworked and underpaid

    Amnesty International’s investigation follows a 2023 report published by the organization exposing abuses at Amazon facilities in Saudia Arabia, involving one of the same labour supply companies. The latest research was based on interviews and information provided by 17 men from Nepal, India and Pakistan. They all worked in various Carrefour facilities in Riyadh, Dammam and Jeddah between 2021 to 2024 and nearly all are or were employed by labour supply companies and contracted out to Majid Al Futtaim.

    To secure jobs the workers paid recruitment agents in their home countries an average fee of $1,200, and often took on high-interest debt to do so, despite such charges being outlawed by Saudi legislation and prohibited by Majid Al Futtaim’s own policies.

    Almost all the workers interviewed were lied to or misled by the agents, sometimes with the involvement of labour supply companies, about the nature and benefits of the jobs in Saudi Arabia or tricked into believing they were being hired directly by international companies. Many only found out they would be employed by Saudi Arabian supply companies – which are notorious amongst workers – after paying the fees, by which time most could not recoup the money paid and therefore felt unable to backout.

    In Saudi Arabia the men were met with arduous work and repeated underpayment. They described regularly walking more than 20km per day and working 60-hour weeks, sometimes up to 16 hours a day, especially when business was booming in periods such as ‘salary weeks’ and the month of Ramadan. In breach of both Saudi Arabia’s laws and Majid Al Futtaim’s policies, workers said managers at the facilities – which included supermarkets and warehouses, or ‘dark stores’ – would sometimes cancel their weekly rest days. 

    Anand*, a former warehouse ‘picker’, told Amnesty: “Inside Carrefour stores, workers are not treated as humans. They treat workers as animals. They keep on saying, ‘yallah, yallah’ [‘let’s go’, ‘let’s go’]. They cling to our T-shirt to make us work fast.”

    Many of the workers said the hardest part of the experience was not being paid properly for these overtime hours as required by national law and company policies. As a result, they were often denied dozens of additional hours’ pay a month, amounting to hundreds of dollars each year.

    Accommodation provided by the labour supply companies was often dirty and overcrowded, contrary to Majid Al Futtaim’s requirements. Workers said they slept six or eight to a room, with one describing it as “like a cowshed”.

    Contracted workers described a culture of fear. Workers who raised complaints directly with managers at the Carrefour facilities said they were ignored or told to take up the matter with the labour supply companies instead. Some workers who did speak out experienced retaliation from the supply companies or Carrefour facility managers, intimidating others into silence. Although Majid Al Futtaim told Amnesty International that it prohibits retaliation against anyone sharing a “good-faith concern”, workers reported that if they resisted working extra hours, they would be threatened with not being paid or facing dismissal.

    Baburam* told Amnesty International:

    “It was tough to work that long. But the manager wouldn’t let me go… He would say, ‘You must complete the order process, then you can go.’ What could I do? If we didn’t work 15 hours, he would also say, ‘I will terminate you. I won’t pay for your overtime’.”

    Being ‘terminated’ from these facilities could result in workers being made ‘jobless’ until their labour supply company found them a new role – often weeks or months later. During this time, the worker would be left with no income from the supply company or support from the Saudi Arabian state.

    Gopal* said: “Had I complained, I could have lost my job. That’s why I couldn’t complain. Once, 14 or 15 workers complained about it, and they were expelled from the job. When a worker loses his job, the supply company makes him jobless for four to five months.”

    Had I complained, I could have lost my job. That’s why I couldn’t complain.

    Gopal*, contracted worker

    High risks of forced labour        

    The experiences of workers interviewed by Amnesty International indicates that the two key elements of forced labour – involuntary work and threat of penalty – are present in Carrefour Group’s franchise operations in Saudi Arabia.

    While Carrefour Group’s policies make clear it is aware of its responsibilities and has committed to upholding international human rights standards, including throughout its franchises and suppliers, Amnesty International’s research demonstrates that its due diligence processes are wholly inadequate. This is despite the fact that in Saudi Arabia, the severity and frequency of labour abuses – including forced labour – are acute and well-documented.

    “It is well known that despite some reforms, migrant workers in Saudi Arabia continue to be subjected to the country’s Kafala sponsorship system, have no guaranteed minimum wage and are prohibited from joining or forming trade unions. Carrefour has no excuse for failing to protect its workers from exploitation, and no justification to avoid paying them the compensation they deserve,” said Marta Schaaf.

    “The high risk of exploitation in Saudi Arabia highlights an undeniable need for fundamental reform of the country’s labour system. The ILO Governing Body should urgently open an investigation into violations of workers’ rights and ensure Saudi Arabia brings its labour laws and practices fully in line with international standards.”

    In response to Amnesty International’s findings, Carrefour Group and Majid Al Futtaim said they have launched an internal investigation into the treatment of migrant workers in their Saudi Arabia facilities, while Carrefour Group has also instructed a third-party audit of its franchise partner’s operations. Majid Al Futtaim detailed steps it has taken to remediate abuses since Amnesty International first alerted it, including moving some workers to new housing; reviewing policies on overtime and the ban on recruitment fees; increasing screening of new suppliers and improving access to its employee hotline.

    “Serious questions remain, however, as to why neither company identified or addressed long-standing abuses prior to being alerted by Amnesty International in mid-2024, including after we published our investigation into one of their suppliers last year.Neither company has yet committed to reimburse recruitment fees or compensate workers for harms suffered,” said Marta Schaaf.

    *Names of workers have been changed.

    Background information

    • Carrefour Group was a sponsor of the 2024 Paris Olympics and has an annual turnover of more than €94 billion.
    • Carrefour facilities and stores in Saudi Arabia are operated by UAE-based Majid Al Futtaim via a franchise agreement with Carrefour Group, headquartered in France.
    • The ILO Governing Body is due to discuss BWI’s complaint on 7 November.
    • Following Amnesty International’s Amazon investigation, Amazon eventually paid over $1.9 million to reimburse recruitment fees to over 700 workers.

    MIL OSI NGO –

    January 24, 2025

  • MIL-OSI NGOs: Saudi Arabia: migrant workers at Carrefour sites exploited and forced to live in squalor – new report

    Source: Amnesty International –

    Workers from Nepal, India and Pakistan made to work 16-hour days and threatened with costly lay-offs if they refused to work overtime

    Workers report sleeping six or eight to a room, with one describing it as ‘like a cowshed’

    ‘Inside Carrefour stores, workers are not treated as humans. They treat workers as animals’ – former warehouse picker

    Carrefour, a sponsor of the Paris Olympics with an annual turnover of more than €94 billion, says it has launched an internal investigation 

    ‘Migrant workers in Saudi Arabia continue to be subjected to the country’s kafala sponsorship system, have no guaranteed minimum wage and are prohibited from joining or forming trade unions’ – Marta Schaaf 

    Migrant workers contracted to sites in Saudi Arabia franchised by French retail giant Carrefour have been deceived by recruitment agents, made to work excessive hours, denied days off and cheated of their earnings, said Amnesty International today in a new report. 

    In a 56-page report – ‘I would fear going to work’: Labour exploitation at Carrefour sites in Saudi Arabia – Amnesty also shows how workers have been made to live in squalid accommodation and to fear being fired if they complained or resisted working overtime.

    The research – based on interviews with 17 men from Nepal, India and Pakistan who worked in various Carrefour facilities in Riyadh, Dammam and Jeddah between 2021 to 2024 – shows that the abuses suffered by some of the workers are likely to amount to forced labour, including human trafficking for the purpose of labour exploitation.

    The Carrefour Group, which was a sponsor of the 2024 Paris Olympics and has an annual turnover of more than €94 billion – has a franchise agreement with the UAE-based Majid Al Futtaim company which operates Carrefour facilities and stores in Saudi Arabia. Neither the Carrefour Group nor Majid Al Futtaim took adequate action to stop worker abuses or offer redress to workers. 

    To secure their jobs the workers paid recruitment agents in their home countries an average fee of £900 and often took on high-interest debt to do so, despite such charges being outlawed by Saudi legislation and prohibited by Majid Al Futtaim’s own policies.

    Almost all the workers interviewed by Amnesty were lied to or misled by the agents – sometimes with the involvement of labour supply companies – about the nature and benefits of the jobs in Saudi Arabia, or tricked into believing they were being hired directly by international companies. Many only found out they would be employed by Saudi Arabian supply companies – which are notorious among workers – after paying the fees, by which time most could not recoup the money paid and felt unable to back out. 

    In Saudi Arabia, the men were met with arduous work and repeated underpayment. They described regularly working 60-hour weeks, sometimes up to 16 hours a day, especially when business was booming in periods such as “salary weeks” and the month of Ramadan. In breach of both Saudi Arabia’s laws and Majid Al Futtaim’s own policies, workers said managers at the facilities – which included supermarkets and warehouses – would sometimes cancel their weekly rest days. They reported regularly having to walk more than 12 miles per day in their course of their working day.

    Anand*, a former warehouse picker, told Amnesty:

    “Inside Carrefour stores, workers are not treated as humans. They treat workers as animals. They keep on saying, ‘yallah, yallah’ [‘let’s go’, ‘let’s go’]. They cling to our t-shirt to make us work fast.”

    Many of the workers said the hardest part of the experience was not being paid properly for overtime hours as required by national law and company policies. As a result they were often denied dozens of additional hours’ pay a month, amounting to hundreds of pounds each year. Workers described a culture of fear, with those who raised complaints directly with managers at the Carrefour facilities reportedly ignored or told to take up the matter with the labour supply companies. Some workers who did speak out experienced retaliation from the supply companies or Carrefour facility managers, intimidating others into silence. Although Majid Al Futtaim told Amnesty it prohibits retaliation against anyone sharing a “good-faith concern”, workers said if they resisted working extra hours they would be threatened with not being paid or dismissal. 

    Meanwhile, accommodation provided by the labour supply companies was often dirty and overcrowded, contrary to Majid Al Futtaim’s requirements. Workers said they slept six or eight to a room, with one describing it as “like a cowshed”.

    In response to Amnesty’s findings, Carrefour and Majid Al Futtaim said they’ve launched an internal investigation into the treatment of migrant workers in their Saudi Arabia facilities, while Carrefour has also begun a third-party audit of its franchise partner’s operations. Majid Al Futtaim detailed steps it has taken to remediate abuses since Amnesty first alerted it, including moving some workers to new housing, reviewing policies on overtime and the ban on recruitment fees, increasing the screening of new suppliers and improving access to its employee hotline. 

    Marta Schaaf, Amnesty International’s Director of Climate, Economic and Social Justice, and Corporate Accountability, said:

    “Workers thought they were opening the door to a better life but instead many were subjected to appalling exploitation and abuse. 

    “Carrefour’s inaction meant it failed to prevent this suffering, which for some contracted workers likely amounts to forced labour including human trafficking.

    “It is well known that despite some reforms, migrant workers in Saudi Arabia continue to be subjected to the country’s kafala sponsorship system, have no guaranteed minimum wage and are prohibited from joining or forming trade unions. 

    “Carrefour and Majid Al Futtaim should act to remedy the abuses – including urgently compensating those affected – and ensure that workers in their operations are never harmed again.

    “The high risk of exploitation in Saudi Arabia highlights an undeniable need for fundamental reform of the country’s labour system. 

    “The ILO Governing Body should urgently open an investigation into violations of workers’ rights and ensure Saudi Arabia brings its labour laws and practices fully in line with international standards.”

    Further case studies

    Baburam* told Amnesty:

    “It was tough to work that long. But the manager wouldn’t let me go … He would say, ‘You must complete the order process, then you can go’. What could I do? If we didn’t work 15 hours, he would also say, ‘I will terminate you. I won’t pay for your overtime’.”

    Being “terminated” from these facilities could result in workers being made “jobless” until their labour supply company found them a new role – often weeks or months later. During this time, the worker would be left with no income from the supply company or support from the Saudi Arabian state.

    Gopal* said:

    “Had I complained, I could have lost my job. That’s why I couldn’t complain. Once, 14 or 15 workers complained about it, and they were expelled from the job. When a worker loses his job, the supply company makes him jobless for four to five months.”

    The experiences of workers interviewed by Amnesty indicates that the two key elements of forced labour – involuntary work and a threat of penalty – are present in Carrefour’s franchise operations in Saudi Arabia. While Carrefour’s policies make clear it is aware of its responsibilities and has committed to upholding international human rights standards, including throughout its franchises and suppliers, Amnesty’s research demonstrates that its due diligence processes are wholly inadequate. This is despite the fact that in Saudi Arabia, the severity and frequency of labour abuses – including forced labour – are acute and well-documented.

    *Names of workers have been changed.

    Amazon research and landmark ILO complaint

    Amnesty’s Carrefour investigation follows a 2023 Amnesty report exposing abuses at Amazon facilities in Saudi Arabia, involving one of the same labour supply companies. Following the investigation Amazon eventually paid more than $1.9 million to reimburse recruitment fees to more than 700 workers. Amnesty’s new report comes just a fortnight before the International Labour Organisation’s governing body will consider a landmark complaint against the Saudi Arabian government regarding wage theft, forced labour and the prohibition of trade unions. The complaint was submitted by the global trade union Building and Wood Workers’ International in June, supported by Amnesty and other organisations.

    MIL OSI NGO –

    January 24, 2025

  • MIL-OSI China: China to support listing of innovative SMEs on BSE

    Source: China State Council Information Office

    This photo taken on Feb. 17, 2023 shows a view of the Beijing Stock Exchange in Beijing, capital of China.[Photo/Xinhua]

    China will intensify its support for the listing of high-quality innovative small and medium-sized enterprises (SMEs) on the Beijing Stock Exchange and the “new third board,” a financing platform designed for SMEs.

    This initiative is outlined in a strategic cooperation agreement signed by the Beijing Stock Exchange, the Ministry of Industry and Information Technology (MIIT), and the National Equities Exchange and Quotations during the Annual Conference of Financial Street Forum 2024 on Sunday.

    According to the agreement, the three parties will enhance their coordination and collaborate in areas such as institutional synergy, company cultivation and work coordination to form a cohesive force that promotes the development of these enterprises.

    They also aim to assist the enterprises in effectively utilizing capital market tools like mergers and acquisitions, restructuring, and equity incentives to achieve high-quality development.

    So far, China has cultivated about 141,000 innovative SMEs that use specialized, sophisticated technologies to produce novel or unique products, including 14,600 “little giant” firms, according to data from the MIIT.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: Chinese EVs stand out at Paris Motor Show

    Source: China State Council Information Office

    People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. [Photo/Xinhua]

    The 2024 Paris Motor Show concluded on Sunday, with electric vehicle (EV) manufacturers from China, Europe and the United States showcasing their latest models as competition in the global EV market intensifies.

    Automakers from these regions displayed their vehicles side by side at the event, offering attendees the chance to compare technologies, pricing, and quality firsthand.

    “People are ready to fight against climate change and drive EVs, but not at any cost,” said Serge Gachot, director of the Paris Motor Show, stressing that prices are a major concern.

    He added that Chinese manufacturers are using innovation to bring down costs, making them formidable competitors globally.

    Amid ongoing trade tensions and concerns over potential tariffs on imported Chinese EVs, demand for affordable, high-quality EVs has outpaced protectionist sentiment. Test drives of Chinese models were popular among European attendees, with many praising their advanced features and value for money.

    People visit the pavilion of the Guangzhou Automobile Group Co., Ltd. (GAC Group) at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. [Photo/Xinhua]

    Cost competitiveness

    Several major European carmakers unveiled low-cost EVs, which analysts say is a response to the cost competitiveness posed by Chinese competitors. French carmaker Renault presented its Twingo E-Tech electric prototype, set to debut in 2026 at a price below 20,000 euros (21,748 U.S. dollars).

    Renault also showcased its R4 and R5 electric models, while its Dacia brand promoted the Spring model, price said to be under 20,000 euros (21,748 dollars). BMW introduced budget-friendly MINI models, including a Chinese-made version, alongside premium options like the 5-door Aceman.

    Data from research firm JATO show the average retail price of a battery EV in China was around 31,000 euros (33,710 dollars) in the first half of 2023, compared to 66,000 euros (71,770 dollars) in Europe and 68,000 euros (73,945 dollars) in the United States.

    While European manufacturers work to lower prices, Chinese EV makers are attracting attention with their cutting-edge technology, high-quality vehicles and luxurious interiors offered at more competitive prices. A standout moment at the show was the AITO 9 model, which completed a 15,000-kilometer journey from Chongqing to Paris over 38 days, crossing 12 countries.

    Maxime, a 15-year-old French attendee, marveled at the vehicle’s design and high-end entertainment systems. “The car feels like a world of technology. I could sleep here all day,” he said.

    At BYD’s booth, another attendee called Vanessa was particularly impressed by the luxury Yangwang U8 SUV and the Sealion 7 model. She mentioned that she used to drive a Renault, but after seeing Chinese EVs, she said that Chinese EVs offer superior quality, advanced technology, and stylish interiors compared to European models in the same price range.

    A woman visits the pavilion of Chinese carmaker FAW-Hongqi at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. [Photo/Xinhua]

    Cooperation over competition

    Despite geopolitical risks, many automakers emphasized the importance of cross-border collaboration in an increasingly competitive market. The Paris Motor Show provided a platform for industry players to exchange ideas and explore partnerships.

    In recent years, cooperation between Chinese and Western companies has expanded. Tesla’s Shanghai Gigafactory has become a global production hub, while Renault’s Dacia Spring, developed in China, is a top seller in Europe.

    At the motor show, Leapmotor, in collaboration with Stellantis, unveiled the B10-a compact electric SUV that will be produced in Poland for European consumers.

    Carlos Tavares, CEO of Stellantis, said that the global automotive industry stands to gain from the collaboration, highlighting the significant demand for affordable, high-quality EVs and how their partnership would help meet this need.

    Leapmotor International CEO Xin Tianshu noted that such collaboration leverages each company’s strengths. “Leapmotor brings technology and cost advantages, while Stellantis offers global sales and manufacturing capacity,” he said.

    “The debut highlights Leapmotor’s rapid growth in Europe, with over 200 dealers already established across 13 markets, aiming to reach 500 sales points by 2025,” Leapmotor revealed.

    Nicolas Caillault, CEO of Car East France and a dealer for China’s Hongqi brand, emphasized the crucial role of international cooperation. “The United States needs China, and Europe needs China. It is a must for us to cooperate,” he said.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: China’s railway cargo transportation rises in Q3

    Source: China State Council Information Office

    This aerial photo shows a freight train loaded with auto parts, home appliances and textile products pulling out of the Xiahuayuan railway cargo terminal in Zhangjiakou, north China’s Hebei Province. [Photo/Xinhua]

    China’s railway network transported 1.004 billion tonnes of cargo in the third quarter of this year, marking a year-on-year increase of 3.8 percent and setting a new record for freight volume in a single quarter, official data showed Sunday.

    China’s railway industry has been improving its transportation services and efficiency to support the high-quality development of the economy, according to China State Railway Group Co., Ltd.

    During this period, railways handled 520 million tonnes of coal, up 3.5 percent year on year.

    The company said it will further speed up the development of a modern railway logistics network to facilitate domestic and international economic circulations, and reduce logistics costs.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI Banking: Development Asia: Build Together, Benefit Together: Seoul’s Approach to Urban Development

    Source: Asia Development Bank

    Strong leadership, planning, and stakeholder participation are crucial to the success of Seoul’s approach to its urban development.

    Figure 2: Seoul’s Approach to Urban Development

    Note: SMG–Seoul Metropolitan Government; IoT–Internet of Things
    Source: Created by author based on data from the Seoul Metropolitan Government.

    Leadership. City leadership is vital in spearheading urban planning efforts and creating an environment conducive to private sector growth and citizen well-being. Strong political commitment is crucial for prioritizing urban planning and allocating resources. Political leaders should champion sustainable development goals, advocate necessary policy changes, and garner support for urban planning initiatives among various stakeholders.

    Clear laws and regulations. Clear policies empower city governments to enforce planning standards, protect public interests, and guide private sector investments in alignment with city objectives. The Seoul Metropolitan Government developed policies and laws that incentivize sustainable development practices, encourage investment in critical sectors, and promote inclusivity and social equity. Robust enforcement mechanisms ensured compliance with urban planning measures and regulations.

    Urban planning. A comprehensive urban plan, which strikes a balance among economic, social, and environmental considerations, is paramount for creating vibrant, livable, sustainable, and resilient cities. A well-crafted urban plan: (i) fosters an environment conducive to business, which attracts investments, stimulates economic growth, and generates employment opportunities; (ii) ensures a high quality of life by providing access to green spaces, recreational facilities, efficient public transportation, and essential services (education, healthcare, water supply, sanitation); (iii) promotes healthy lifestyles through pedestrian-friendly streets and bike lanes; and (iv) enhances resilience to natural hazards through strategic land use, building codes that ensure structures can withstand floods and earthquakes, and effective emergency response plans.

    Compact development. Zoning regulations should encourage mixed-land use and compact growth to optimize land use (e.g., setting a maximum limit on a building’s footprint and floor area ratio promote compact neighborhoods and vertical growth while preventing oversized tower block development). Incentives, such as tax reduction and deregulation, encourage developers to build high-density areas or include a mix of residential, commercial, and retail spaces.

    Stakeholder participation. Engaging stakeholders is necessary to ensure proper project design, support implementation, local resource mobilization, and sustainability of project achievements.

    Smart use of public financing. Focus should be placed on essential urban infrastructure and services that support private sector activities and promote social equity and environmental sustainability. Public financing should also support innovation and technological development, where commercial payoffs may be uncertain or lengthy for private investors. Incentives and risk-sharing mechanisms (e.g., tax breaks, subsidies, preferential loans, matching funds) can attract private capital to city priorities.

    MIL OSI Global Banks –

    January 24, 2025

  • MIL-OSI United Kingdom: Government issues rallying cry to the nation to help fix NHS

    Source: United Kingdom – Executive Government & Departments

    Members of the public as well as NHS staff and experts will be invited to share their experiences views and ideas for fixing the NHS

    • Health Secretary calls on entire nation to shape the government’s plans to overhaul the NHS 

    • Public, clinicians and experts urged to submit ideas for its future as new online platform Change.NHS.uk goes live today – putting staff and patients in driving seat of reform

    • Responses will shape government’s 10 Year Health Plan to fix broken health service and deliver government mission to build an NHS fit for the future

    The biggest national conversation about the future of the NHS since its birth is set to be launched today (Monday 21 October), as the entire country is called upon to share their experiences of our health service and help shape the government’s 10 Year Health Plan. 

    Members of the public, as well as NHS staff and experts will be invited to share their experiences views and ideas for fixing the NHS via the online platform, change.nhs.uk, which will be live until the start of next year, and available via the NHS App.  

    The public engagement exercise will help shape the government’s 10 Year Health Plan which will be published in spring 2025 and will be underlined by three big shifts in healthcare – hospital to community, analogue to digital, and sickness to prevention. 

    As part of the first shift “from hospital to community”, the government wants to deliver plans for new neighbourhood health centres, which will be closer to homes and communities. Patients will be able to see family doctors, district nurses, care workers, physiotherapists, health visitors, or mental health specialists, all under the same roof. 

    In transforming the NHS from analogue to digital, the government will create a more modern NHS by bringing together a single patient record, summarising patient health information, test results, and letters in one place, through the NHS App. It will put patients in control of their own medical history, meaning they don’t have to repeat it at every appointment, and that staff have the full picture of patients’ health. New laws are set to be introduced to make NHS patient health records available across all NHS trusts, GP surgeries and ambulance services in England – speeding up patient care, reducing repeat medical tests, and minimising medication errors. 

    Systems will be able to share data more easily, saving NHS staff an estimated 140,000 hours of NHS staffs’ time every year, because staff will have quicker access to patient data, saving time that can then be spent face-to-face with patients who need it most and potentially saving lives.

    By moving from sickness to prevention, government wants to shorten the amount of time people spend in-ill health and prevent illnesses before they happen. As an example, the 10 Year Health Plan will explore the opportunities smart watches and other wearable tech may offer patients with diabetes or high blood pressure, so they can monitor their own health from the comfort of their own home. 

    The launch of the new online platform will take place at a health centre in East London, where the Secretary of State will meet with the Chief Executive of the London Ambulance Service before the first engagement event involving NHS staff from across the healthcare system as a start to the national conversation.

    Prime Minister Keir Starmer said:

    My mum worked for the NHS, my sister worked for the NHS and my wife still works for the NHS – so I know first-hand how difficult it has been for staff, and for patients battling against a broken system for over a decade. But it’s time to roll up our sleeves and fix it.

    We have a clear plan to fix the health service, but it’s only right that we hear from the people who rely on the NHS every day to have their say and shape our plan as we deliver it. Together we can build a healthcare system that puts patients first and delivers the care that everyone deserves.

    We have a huge opportunity to put the NHS back on its feet. So, let’s be the generation that took the NHS from the worst crisis in its history and made it fit for the future.

    Health and Social Care Secretary Wes Streeting said:

    When I was diagnosed with kidney cancer, the NHS saved my life, as it has for so many people across our country. We all owe the NHS a debt of gratitude for a moment in our lives when it was there for us, when we needed it. Now we have a chance to repay that debt.

    Today the NHS is going through the worst crisis in its history. But while the NHS is broken, it’s not beaten. Together, we can fix it.

    Whether you use the NHS or work in it, you see first-hand what’s great, but also what isn’t working. We need your ideas to help turn the NHS around.

    In order to save the things we love about the NHS, we need to change it. Our 10 Year Health Plan will transform the NHS to make it fit for the future, and it will have patients’ and staff’s fingerprints all over it.

    I urge everyone to go to Change.NHS.uk today and help us build a health service fit for the future.

    Investment alone won’t be enough to tackle the problems facing the NHS, why is why it must go hand in hand with fundamental reform.

    The three big shifts will be our key principles for reform and will revolutionise the way people manage their health and access care. Our reforms will also shift the NHS away from late diagnosis and treatment to a model where more services are delivered in local communities and illnesses are prevented in the first place.

    It is vital the government hears from patients, experts and the NHS workforce to make sure we get this right and preserve the things people value about the health service.

    NHS England Chief Executive Amanda Pritchard said:

    NHS staff are facing an unprecedented number of challenges – with record demand for care, alongside growing pressures from an ageing population, rising levels of multiple long-term illnesses and patients with more complex needs. And they are often hampered by working in crumbling buildings with outdated tech, meaning too many patients are waiting too long for care they need.

    So, it is vital the health service innovates and adapts – as it has always done throughout its 76-year history – to design and deliver an NHS fit for the future.

    The 10 Year Health Plan is a chance to make the best practice, normal practice across the country. So, we will be carrying out the largest ever staff engagement exercise in NHS history and leaving no stone unturned as we seek to harness frontline views, alongside those of patients and the public, to ensure this happens.

    It is your experiences – good, bad, and sometimes frustrating – that we need to help shape this once in a generation opportunity, so please get involved!

    Bold ambitions for the NHS can only be achieved by listening to the expertise and knowledge of its 1.54 million strong workforce. Their understanding of what’s holding them back from performing at their best will help us bring down waiting times and provide the world class care the public deserve.    

    The government has already taken immediate action to address challenges in the health service and deliver an NHS fit for the future. Whether that’s agreeing a deal with resident doctors within weeks, securing a funding increase for GP practices to manage rising pressures or hiring an extra 1,000 GPs into the NHS by the end of this year, there are both short- and long-term reforms working hand in hand.

    Lord Ara Darzi said:

    As my recent Investigation found, the NHS is in need of urgent and fundamental reform. The 10 Year Health Plan comes at a crucial moment—and by describing the ultimate destination for the health service, it will help improve decision-making in the here and now.

    The start of this national conversation on the future of the NHS follows on from Lord Darzi’s independent report into the health service that diagnosed its condition. Lord Darzi concluded the NHS is in a ‘critical condition’ with surging waiting lists and a deterioration in the nation’s underlying health, identifying serious and widespread problems for people accessing services. 

    The launch of the engagement exercise for the 10 Year Health Plan will build on these findings and is the next step to delivering the Government’s mission to fix the NHS and deliver a health service fit for the future.

    Rachel Power Chief Executive, The Patients Association said:

    We warmly welcome this ambitious initiative to engage with patients, staff, and the public on the future of our NHS. For far too long, many patients have felt their voices weren’t fully heard in shaping health services. This national conversation, initiated by the government, marks a significant step towards genuine patient partnership and puts patients at the heart of the NHS’s evolution.

    Through our work as an independent charity, we speak directly with thousands of patients living with various health conditions each year. This gives us valuable insights into diverse experiences across the health and care system, from widely shared patient needs to unique challenges faced by underrepresented groups. We’re eager to contribute these wide-ranging perspectives to help shape a health service that truly meets the needs of everyone it serves.

    Louise Ansari, Chief Executive of Healthwatch England said:

    We know people appreciate the hard work of NHS staff, but they are all too aware that the NHS faces many challenges that need fixing. The 10-year plan provides the opportunity to do this.

    We urge everyone to have their say on how the NHS should deliver better care to people where and when it is needed, more support to help people stay well, and a culture of listening to and acting on the views of patients.

    All too often, people face unequal access to care, with disabled people and those on lower incomes being particularly at risk. The NHS belongs to us all, so you must speak up and help create a health service that is fit for the future – equal and inclusive for everyone.

    Cllr Louise Gittins, Chair of the Local Government Association said:

    The NHS rightly holds a place in our nation’s heart, being there for us at moments of great joy, deep sadness, and everything in between. It is also one of local government’s most important partners. What each side does can impact the other.

    Every one of us is unique, complex and carries different ambitions. The NHS plays a key role in helping us to live the life we want to lead, but it cannot do it alone. Through social care and wider wellbeing activity, councils play an essential role in supporting people to do what matters most to them and live a meaningful life.  This exercise is therefore crucial for the future of health, social care and wellbeing.

    Caroline Abrahams, Charity Director at Age UK said:

    We are delighted to see this first, essential part of developing the 10-year plan getting going. With our rapidly ageing population it’s important that the plan takes fully into account the needs of tomorrow’s older people as well as today’s and helps all of us to age confidently and well. We encourage everyone to get involved and have their say – it’s almost certainly a once in a generation opportunity to do so.

    The Deputy Chief Executive of NHS Providers, Saffron Cordery said:

    This will be a landmark moment for the NHS. Trust leaders are ready and willing to work with the government to tackle the many challenges the NHS currently faces to create a ‘next generation’ NHS fit for the future.

    Jacob Lant, Chief Executive of National Voices said:

    We are encouraged by the ambitious approach the Government is taking to involve patients and organisations from across the sector in shaping the 10 Year Plan. We are excited to play our part in this, and will be working with our members to ensure that people from marginalised and minoritised communities are able to shape the discussions and big decisions ahead.

    Closing the gap in healthy life expectancy is a shared ambition of this Government and the National Voices coalition, and we will work tirelessly to ensure no groups are left behind.

    Matthew Taylor, Chief Executive of the NHS Confederation said:

    Following more than a decade of underinvestment and in the face of some serious challenges we are reaching a turning point for the NHS. The 10-year plan will set the service on a path towards being put on sustainable footing so that it can best serve our population. No one working in the NHS will argue that it works perfectly – its staff have been crying out for change and we hope the ten-year plan will deliver for them and their communities, including by listening to the reality of their experiences and by incorporating the many examples of best practice and innovation that are taking place across the country.

    Helen Walker, Chief Executive of Carers UK said:

    We are excited to see this first engagement phase of the NHS 10 Year Plan, a process which will include unpaid carers and ask for their views about the kind of health service they want to see in the future.

    We wholeheartedly agree with the recommendations from the Darzi review which suggested there should be a “fresh approach to supporting unpaid carers”. Unpaid carers are critical to the NHS and the NHS is a critical service for them, but it’s not always set up to help carers and can make their lives harder.

    England’s 4.7 million unpaid carers provide the bulk of support for older, ill and disabled relatives, helping millions to live in local communities where they want to be. Their support is valued at £152 billion, the equivalent of a second NHS, but they also face greater health inequalities and poorer health outcomes.

    With one in three NHS staff also juggling work and care, there’s a real opportunity to create a service which truly supports families who provide unpaid care. We see this as a win:win situation – helping families and building an NHS which is fit for the future; delivering better outcomes for everyone.

    Cancer Research UK’s chief executive, Michelle Mitchell, said:

    We welcome the UK Government’s move to start a public conversation about the future of the NHS in England. Despite the best efforts of its hard-working staff, the NHS is under extreme pressure. This exercise is another important step in the process towards developing a 10-Year-Plan that should ensure all cancer patients across the UK get the care they deserve.

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    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom –

    January 24, 2025

  • MIL-OSI United Kingdom: Building economic opportunities in Asia

    Source: Scottish Government

    Extending international business links.

    Scotland’s first Trade Envoy to Japan has been appointed to secure international investment.  

    Stephen Baker will identify new opportunities in Japan’s thriving energy transition, pharmaceuticals, med-tech and food sectors.

    Making this announcement ahead of a trade mission to Singapore and Malaysia, Business Minister Richard Lochhead said:

    “Increasing trade and attracting inward investment are vital components of a thriving, growing economy and the Scottish Government’s clear message is that Scotland is open for business.

    “Scottish businesses already have a strong track record when it comes to exports to the Asian market and attracting inward investment, given Scotland’s position as the UK’s most attractive place for inward investment outside London.

    “This appointment will help Scotland to increase business opportunities with similar Japanese companies and organisations, like Sumitomo’s £350 million investment in a manufacturing plant in Nigg.”

    The Scottish Government’s Trade and Investment Envoy for Japan Stephen Baker said:

    “Japan and the UK share a strong and vibrant partnership, with Scotland taking a leading role in the energy transition. Given Japan’s substantial economy, there are significant opportunities for trade and investment. Now is the perfect time to include Japan in your business strategy and I look forward to maximising the benefits of this global partnership for Scotland.”

    Background

    The unpaid Japan Envoy role will last for an initial two-year term.

    Mr Baker spent 21 years with Sony, before joining Scottish Development International in 2006, initially covering both trade and investment as Japan Country Head, and later as Regional Director for Information and communications technology, Creative Industry, Financial Services, and Global Business Services. Stephen also served as the Asia Pacific Regional Director for Inward Investment into Scotland.

    Mr Lochhead’s trip to Singapore and Kuala Lumpur will take place between 21-24 October. The visit will include meetings with existing and potential investors. Full details on Ministerial travel and engagements are published pro-actively online.

    Sumitomo subsea cabling plant was secured thanks to a £24.5 million investment from the Scottish Government, Highlands and Islands Enterprise and Scottish Enterprise.

    Scottish international export statistics

    MIL OSI United Kingdom –

    January 24, 2025

  • MIL-OSI Australia: Design to delivery: a guide to outsourcing

    Source: Allens Insights

    Business process outsourcings are high-risk, high-reward projects 5 min read

    The outsourcings of yesterday that prioritised cost-cutting above all else have been replaced by a new wave of business process outsourcings (BPOs) focused on procuring technological improvements and expertise, achieving scale, obtaining a competitive edge (and yes, cost savings too).

    The complexity of these projects is only further intensified by the current backdrop of rapid technological advancement, breakneck regulatory change and increasing supply chain risks. Successful outsourcings require careful consideration through all stages of the BPO lifecycle—from initial planning through to the exit phase.

    Whether your organisation is currently planning a BPO or considering it as a future option, this guide outlines everything you need to know through the various stages of your next BPO, including:

    • How to design your procurement strategy
    • Whiteboarding questions to scope your outsourcing
    • Service provider incentives matrix
    • Key considerations for managing data
    • Managing risks and planning for change
    • Board approval checklist

    MIL OSI News –

    January 24, 2025

  • MIL-OSI Reportage: BNZ launches Tech Business Hub to empower early-stage technology businesses

    Source: BNZ statements

    New Zealand’s tech sector is set to get a boost thanks to the launch of the country’s first dedicated banking hub for early-stage technology businesses.

    The Waikato-based BNZ Tech Business Hub is designed to address the unique needs of early-stage tech companies.

    It offers BNZ customers access to bankers with specific training and expertise who are equipped to offer financial services to address the unique challenges and opportunities faced in the technology industries.

    Tim Wixon, Head of Technology Industries at BNZ, says, “BNZ’s Tech Business Hub is not just a new offering – it represents a philosophical shift in how we approach banking for this sector. Technology businesses have distinct needs which have not historically been met by traditional banking models. Our hub will help fill this gap by offering practical guidance, advice, and tailored services to help accelerate sector growth.”

    According to the Technology Investment Network, the top 200 New Zealand tech companies generated the second largest source of offshore revenue after dairy. The industry is also growing faster than any other in New Zealand and offers salaries around 30% higher than the New Zealand average.

    “Technology Industries continue to be an increasingly important part of the New Zealand economy. Every year, we see more of our country’s tech companies succeed on the world stage and BNZ remains committed to assist wherever possible”, says Mr Wixon.

    BNZ is ambitious in its support for technology companies in New Zealand, launching a range of innovative solutions in recent years to assist the sector, including Contracted Receivables Financing, Revenue Based Financing for SaaS businesses, and Project Scale Up, which provide high-potential and high-growth technology businesses with access to non-dilutive capital.

    The new Tech Business Hub complements these offerings, underscoring BNZ’s commitment to fostering a vibrant homegrown tech ecosystem.

    Tech Business Hub Team Manager – Figo Liu – says, “Tech businesses require banking partners who speak their language and understand their journey. Our goal is to nurture the tech and startup ecosystem by making it easier to start a business and grow.”

    With the Tech Business Hub now up and running, BNZ is turning its attention to further ways that it can support tech businesses at all stages of their lifecycle.

    “We believe that New Zealand’s tech sector has enormous potential, and we want to do everything we can to help these businesses succeed,” says Mr Wixon. “The BNZ Tech Business Hub is the next step in our commitment to this important part of our economy, and we look forward to working closely with tech entrepreneurs and innovators to help them achieve their goals.”

    The post BNZ launches Tech Business Hub to empower early-stage technology businesses appeared first on BNZ Debrief.

    MIL OSI Analysis –

    January 24, 2025

  • MIL-OSI China: Chinese listed companies to receive loans for share buybacks, increasing shareholdings

    Source: China State Council Information Office 3

    More than 20 Chinese listed companies on Sunday announced that they have signed agreements with financial institutions or obtained commitment letters to secure loans for share buybacks and increasing shareholdings.

    The announcements came after China’s central bank launched a special re-lending facility aimed at guiding banks to provide loans to listed companies and their major shareholders for buybacks and increasing shareholdings on Friday.

    The initial re-lending scale is 300 billion yuan (about 42.09 billion U.S. dollars) at an interest rate of 1.75 percent. The facility can be applied to various types of companies regardless of their ownership, according to the central bank.

    To actively respond to and fully leverage the policy tool introduced by the relevant regulatory body for supporting share buybacks, the company on Oct. 19 signed a credit agreement with the Bank of China to obtain a credit line of no more than 900 million yuan, which will be used for the company’s share buybacks in the A-share market, Sinopec said in an online statement published Sunday.

    Sinopec also revealed that its controlling shareholder China Petrochemical Corporation signed an agreement with the bank to obtain a credit line of 700 million yuan. This funding will be used by the corporation to increase its shareholdings in Sinopec within the A-share market.

    Other companies that have announced plans to secure loans for share buybacks or increasing shareholdings include China Merchants Port Group Co., Ltd. and Sinotrans Limited.

    The re-lending facility offers low-cost funds to financial institutions, which in turn helps to reduce the financing costs for listed companies and major shareholders, said Tian Lihui, head of the Institute of Finance and Development at Nankai University.

    It also helps enhance the inherent stability of China’s capital market, maintain the stable operation of the market and boost market confidence, Tian added.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI: First Federal Savings Bank Celebrates 120 Years of Powering Local Communities

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., Oct. 20, 2024 (GLOBE NEWSWIRE) — The Independent Community Bankers of America (ICBA) congratulates First Federal Savings Bank on its milestone anniversary and faithful service to its customers and communities for 120 years.

    “From your first home to your forever home, startup or expansion small business loan, or saving for your golden years, First Federal Savings Bank has been a source of support for customers working to achieve their financial goals,” said Courtney Schmitt, VP Marketing Manager at First Federal Savings Bank. “As we reflect and reaffirm our commitment to our customers, we look forward to continuing to serve with honor and distinction to ensure our communities’ future prosperity.”

    “As financial stewards, community banks have always played a central role to the financial health and vitality of their community—whether funding their customers’ financial dreams or supporting community causes and events,” ICBA President and CEO Rebeca Romero Rainey said. “Milestones like these showcase the value of community banks as relationship lenders and the impact they have every day in powering local communities.”

    About First Federal Savings Bank Member FDIC
    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    About ICBA
    The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

    As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.

    The MIL Network –

    January 24, 2025

  • MIL-Evening Report: Expanding coal mines – and reaching net zero? Tanya Plibersek seems to believe both are possible

    Source: The Conversation (Au and NZ) – By John Quiggin, Professor, School of Economics, The University of Queensland

    Federal Environment Minister Tanya Plibersek’s recent decision to approve expansion plans for three New South Wales coal mines disappointed many people concerned with stabilising the global climate.

    Two of these mines, Narrabri and Mount Pleasant in New South Wales, featured in the high-profile but ultimately unsuccessful Living Wonders court case, intended to force the federal government to take account of climate damage done by coal mine approvals. A lawyer involved in the case said Plibersek’s decision showed a refusal to “recognise their climate harms”.

    Why did Plibersek sign off on this? She has argued the mines will abide by domestic industrial emissions rules. As her spokesperson told the ABC:

    The emissions from these projects will be considered by the minister for climate change and energy under the government’s strong climate laws.

    But these laws apply only to emissions produced in Australia, which in this case will be from extracting and transporting coal and the relatively small amount of coal burned here. Most of the coal will be exported and burned overseas. Australian laws do not count those much larger emissions.

    The government is effectively washing its hands of the far larger emissions created when the coal is burned overseas. Since taking office, the Albanese government has approved seven applications to open or expand coal mines. Just this week, NSW Treasurer Daniel Mookhey said his state would keep exporting coal into the 2040s.

    This reasoning doesn’t stack up. If we stopped expanding coal mines, coal would get more expensive – and we would accelerate the global shift to clean energy.

    How can more coal be compatible with net zero?

    Under the 2015 Paris Agreement on climate action, nations must publicly commit to domestic emissions reductions goals and are expected to steadily ramp up ambition.

    But these emissions cuts are domestic only – we don’t measure the emissions we enable by exporting coal and gas.

    The Albanese government has increased domestic ambition by committing to a 43% reduction on 2005 figures by 2030. This seems to be a substantial advance on the 26-28% commitment made by the previous government. In reality, internal tensions in the Morrison Coalition government handed Labor an unintentional gift.

    In 2021, estimates suggested Australia was already on track for a 35% reduction. But internal opposition among Coalition backbenchers stopped Morrison announcing this as a target. As a result, Labor’s change looks about twice as impressive as it should.

    Still, progress is happening. Domestically, Australia is now burning less and less coal.

    But in terms of exports, the government’s position – clear in Plibersek’s decision as well as the government’s plan to keep gas flowing for decades – is as long as there is a demand for coal and gas from other countries, Australia will be ready and willing to meet it.

    Most of the coal unlocked by Plibersek’s decision will go overseas, given NSW exports 85% of its coal to partners such as Japan, China, South Korea and Taiwan.

    How does the government defend this?

    Expanding coal mines while maintaining a public commitment to net zero is a consistent theme between this government and its predecessor, which also committed to net zero. It meets a minimal interpretation of our legal obligations under the Paris Agreement, but maintains the planet’s path towards dangerous warming.

    In her statement of reasons given in 2023 as to why the Mount Pleasant mine expansion should be permitted, Plibersek and the Labor government offer several defences.

    The first is she is simply acting in accordance with Australian law, as the project would comply with “applicable Commonwealth emissions reduction legislation”. This is a weak reed, to put it mildly. The Albanese government, with the support of Greens and independents, can change the law whenever it chooses.

    In reality, the government has steadfastly resisted pressure to include a “climate trigger” in Australia’s environmental approval processes. Their resistance is relatively new – as recently as 2016, Labor policy included a climate trigger for land clearing.

    Labor’s second defence has often been dubbed the “drug dealer’s defence”. That is, if Australia didn’t export coal, other producers would take our place. As Prime Minister Anthony Albanese has put it:

    policies that would just result in a replacement of Australian resources with resources that are less clean from other countries would lead to an increase in global emissions, not a decrease.

    As I’ve argued previously, this defence doesn’t work. Coal is subject to a rising cost curve – if we stopped exporting it, new or expanded production from other sources would cost more to extract and hence be priced higher. More expensive coal would, in turn, accelerate the global energy transition. We do have agency – we could choose not to unlock more coal.

    Finally, Plibersek claims emissions from burning Mount Pleasant coal – estimated at over 500 million tonnes of carbon dioxide equivalent over the mine’s extended lifetime – would not be “substantial” relative to total global emissions. For context, Australia’s total emissions are now less than 500 million tonnes a year.

    This “litterbug’s defence” suggest Australia’s emissions – whether produced domestically or exported – are not big enough to make a difference. This is not true – we are now the second largest exporter of emissions globally, after Russia. That is due largely to coal.

    Are fossil fuel exports untouchable?

    There’s a huge gap between global pledges to cut emissions and the reductions needed to actually achieve the Paris targets. Most countries we export coal and gas to are not yet on a path to achieve the reductions in emissions necessary to stabilise the global climate – though China’s emissions may, remarkably, be about to decline.

    That’s why we need to press for decarbonisation at every stage of the energy system, from extraction of coal, oil and gas to the financing of new carbon-based projects as well as at the point where the fuel is burned and emissions produced generated.

    The problem for Australia is we sell a lot of coal and gas – more than ever before. So even as solar and wind energy begins to displace coal and gas in domestic power generation, our coal and gas exports seem all but untouchable.

    We should be saddened but not surprised at this pattern. The Albanese government seems guided by the principle of doing nothing to generate substantial opposition – and to count on the fact a Dutton Coalition government would do even less.

    John Quiggin is a former member of the Climate Change Authority

    – ref. Expanding coal mines – and reaching net zero? Tanya Plibersek seems to believe both are possible – https://theconversation.com/expanding-coal-mines-and-reaching-net-zero-tanya-plibersek-seems-to-believe-both-are-possible-241007

    MIL OSI Analysis – EveningReport.nz –

    January 24, 2025

  • MIL-Evening Report: Human error is the weakest link in the cyber security chain. Here are 3 ways to fix it

    Source: The Conversation (Au and NZ) – By Jongkil Jay Jeong, Senior Research Fellow in the School of Computing and Information System, The University of Melbourne

    Piotr Zajda/Shutterstock

    Despite huge advances in cyber security, one weakness continues to overshadow all others: human error.

    Research has consistently shown human error is responsible for an overwhelming majority of successful cyber attacks. A recent report puts the figure at 68%.

    No matter how advanced our technological defences become, the human element is likely to remain the weakest link in the cyber security chain. This weakness affects everyone using digital devices, yet traditional cyber education and awareness programs – and even new, forward-looking laws – fail to adequately address it.

    So, how can we deal with human-centric cyber security related challenges?

    Understanding human error

    There are two types of human error in the context of cyber security.

    The first is skills-based errors. These occur when people are doing routine things – especially when their attention is diverted.

    For example, you might forget to back up desktop data from your computer. You know you should do it and know how to do it (because you have done it before). But because you need to get home early, forgot when you did it last or had lots of emails to respond to, you don’t. This may make you more exposed to a hacker’s demands in the event of a cyber attack, as there are no alternatives to retrieve the original data.

    The second type is knowledge-based errors. These occur when someone with less experience makes cyber security mistakes because they lack important knowledge or don’t follow specific rules.

    For example, you might click on a link in an email from an unknown contact, even if you don’t know what will happen. This could lead to you being hacked and losing your money and data, as the link might contain dangerous malware.

    Many cyber attacks are successful because people click on unknown links in emails and text messages.
    ParinPix/Shutterstock

    Traditional approaches fall short

    Organisations and governments have invested heavily in cyber security education programs to address human error. However, these programs have had mixed results at best.

    This is partly because many programs take a technology-centric, one-size-fits-all approach. They often focus on specific technical aspects, such as improving password hygiene or implementing multi-factor authentication. Yet, they don’t address the underlying psychological and behavioural issues that influence people’s actions.

    The reality is that changing human behaviour is far more complex than simply providing information or mandating certain practices. This is especially true in the context of cyber security.

    Public health campaigns such as the “Slip, Slop, Slap” sun safety initiative in Australia and New Zealand illustrate what works.

    Since this campaign started four decades ago, melanoma cases in both countries have fallen significantly. Behavioural change requires ongoing investment into promoting awareness.

    The same principle applies to cyber security education. Just because people know best practices doesn’t mean they will consistently apply them – especially when faced with competing priorities or time pressures.

    New laws fall short

    The Australian government’s proposed cyber security law focuses on several key areas, including:

    • combating ransomware attacks
    • enhancing information sharing between businesses and government agencies
    • strengthening data protection in critical infrastructure sectors, such as energy, transport and communications
    • expanding investigative powers for cyber incidents
    • introducing minimum security standards for smart devices.

    These measures are crucial. However, like traditional cyber security education programs, they primarily address technical and procedural aspects of cyber security.

    The United States is taking a different approach. Its Federal Cybersecurity Research and Development Strategic Plan includes “human-centred cybersecurity” as its first and most important priority.

    The plan says

    A greater emphasis is needed on human-centered approaches to cybersecurity where people’s needs, motivations, behaviours, and abilities are at the forefront of determining the design, operation, and security of information technology systems.

    3 rules for human-centric cyber security

    So, how can we adequately address the issue of human error in cyber security? Here are three key strategies based on the latest research.

    1. Minimise cognitive load. Cyber security practices should be designed to be as intuitive and effortless as possible. Training programs should focus on simplifying complex concepts and integrating security practices seamlessly into daily workflows.

    2. Foster a positive cyber security attitude. Instead of relying on fear tactics, education should emphasise the positive outcomes of good cyber security practices. This approach can help motivate people to improve their cyber security behaviours.

    3. Adopt a long-term perspective. Changing attitudes and behaviours is not a single event but a continuous process. Cyber security education should be ongoing, with regular updates to address evolving threats.

    Ultimately, creating a truly secure digital environment requires a holistic approach. It needs to combine robust technology, sound policies, and, most importantly, ensuring people are well-educated and security conscious.

    If we can better understand what’s behind human error, we can design more effective training programs and security practices that work with, rather than against, human nature.

    Jongkil Jay Jeong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Human error is the weakest link in the cyber security chain. Here are 3 ways to fix it – https://theconversation.com/human-error-is-the-weakest-link-in-the-cyber-security-chain-here-are-3-ways-to-fix-it-241459

    MIL OSI Analysis – EveningReport.nz –

    January 24, 2025

  • MIL-OSI Asia-Pac: FS attends APEC Finance Ministers’ Meeting in Peru (with photos/video)

    Source: Hong Kong Government special administrative region

         â€‹The Financial Secretary, Mr Paul Chan, began his visit in Lima, Peru, yesterday (October 20, Lima time) to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting (FMM) and related activities.

         In the morning, Mr Chan attended the Finance Ministers’ Retreat. The meeting focused on discussing the fiscal policies of economies and several specific topics, including tax administration, promoting quality infrastructure development, and the digital transformation of financial services.

         Mr Chan introduced the latest developments in Hong Kong regarding these topics. He specifically shared Hong Kong’s experience in issuing retail bonds to support infrastructure projects that benefit the economy and people’s lives. He highlighted that this arrangement allows residents to participate in advancing infrastructure projects, and providing them with a safe, reliable, and stable investment option, while also raising funds for these projects. This approach achieves the dual goals of supporting inclusive finance and infrastructure development. Mr Chan also shared Hong Kong’s progress in promoting the digitalisation of financial services, including ongoing optimisation of the fintech ecosystem, launching regulatory sandboxes to test and promote innovative projects across various financial sectors, and facilitating data sharing between small and medium-sized enterprises and banks to facilitate business lending.

         In the afternoon, Mr Chan attended the High Level Event on Sustainable Finance under FMM, engaging in in-depth discussions with attending finance ministers and representatives from various business sectors on the strategies for the development of sustainable finance and transition finance, governance frameworks, and international cooperation. Mr Chan outlined the Hong Kong Special Administrative Region Government’s emission reduction targets and action strategies set forth in the “Hong Kong’s Climate Action Plan 2050.” He also shared Hong Kong’s latest developments as a leading green finance centre in Asia, including the issuance of green and sustainable bonds, participation in the formulation of relevant international standards and climate disclosure guidelines, talent training, and promoting transition finance to build a thriving green and sustainable finance ecosystem. Moreover, a steering group comprising all financial regulators has been established to drive related efforts.

         Mr Chan also met with Vice Minister of Finance of China Mr Liao Min, as well as several representatives from participating economies, including the Minister of Economy and Finance of Peru, Mr José Arista Arbildo; the Minister for Transport and Second Minister for Finance of Singapore, Mr Chee Hong Tat, and Deputy Minister of Finance of Thailand Mr Paopoom Rojanasakul, to discuss deepening bilateral cooperation and exchange views on common concerns. In these bilateral meetings, Mr Chan introduced Hong Kong’s latest economic situation and various policy measures set out in the Policy Address delivered by the Chief Executive recently. 

         In the evening, Mr Chan attended the welcome reception for the FMM.

         Mr Chan will continue to attend the FMM today (October 21, Lima time).                        

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI China: Intelligent auto sector speeding up

    Source: China State Council Information Office

    People visit the exhibition booth of AITO, an NEV brand jointly developed by Huawei and Chongqing-based automaker Seres, during the 2024 World Intelligent Connected Vehicles Conference in Beijing, capital of China, Oct. 17, 2024. [Photo/Xinhua]

    China is vrooming to shape the future of intelligent connected vehicles, with creation of a new industry road map underway, and is aiming for greater advancements in autonomous driving, high-end supply chains and global cooperation, according to government officials, company executives and industry experts.

    Jin Zhuanglong, minister of industry and information technology, said the country will draft a comprehensive development plan for the intelligent connected vehicle, or ICV, industry, with the aim of harmonizing vehicle-road integration and enhancing software and hardware collaboration in the sector.

    The term “intelligent connected vehicles” basically refers to “smarter” cars equipped with advanced technologies like artificial intelligence that enable them to communicate with other vehicles, the cloud and infrastructure like roads.

    “Now, China has basically formed a comprehensive industrial system spanning chips, sensors, computing platforms, chassis control and vehicle-cloud connection for the ICV industry,” Jin said at the 2024 World Intelligent Connected Vehicles Conference, which ended on Saturday in Beijing.

    Jin also said that accelerated steps will be taken to formulate a regulatory system for high-level autonomous driving.

    Another official of the Ministry of Industry and Information Technology said at the conference that China’s self-driving cars are “nearing readiness for public roads”, with a group of autonomous driving vehicles awaiting evaluation and permission for the final rollout.

    The remarks came as President Xi Jinping said that science and technology should spearhead the advancement of Chinese modernization, during a recent inspection tour of East China’s Anhui province, where he took a close look at high-tech products including intelligent connected vehicles at an exhibition of scientific and technological innovations.

    Buoyed by such accelerated efforts in developing high-tech and intelligent connected vehicles, Lei Jun, founder of tech heavyweight Xiaomi Corp, said at the conference that the company is expected to meet its goal of delivering 100,000 Xiaomi SU7s — electric vehicles launched by the company as a venture into the ICV sector — by November, which is ahead of its year-end target.

    Li Shufu, chairman of Chinese automaker Geely Holding Group, said that Chinese automakers are racing into a new stage of development with intelligence as their core competitiveness. Like many leading car companies, Geely has made progress in human-machine interaction, intelligent driving, chips and low-orbit satellites, he said.

    Such confidence was also expressed by international players. Ralf Brandstaetter, chairman and CEO of Volkswagen Group China, said, “China is the future of the global automotive industry, and we are committed to being part of this journey in the era of intelligent connected vehicles.”

    In addition to building its largest development center outside Germany in Hefei, the capital of Anhui province, Volkswagen is strengthening cooperation with Chinese manufacturers like Xpeng and local high-tech companies such as Horizon Robotics, operating system provider Thundersoft and battery maker Gotion High-Tech Co, he said in a video speech to the conference on Thursday.

    By 2027, the German automobile manufacturer will launch 40 new models in China across all brands, including more than 20 new energy vehicles, which clearly demonstrates its commitment to the Chinese market, he emphasized.

    The latest data from the Ministry of Industry and Information Technology showed that China is home to nearly 400 “little giant “companies in the intelligent connected vehicle sector. The term “little giant companies” refers to small and medium-sized enterprises that typically specialize in niche sectors, command high market share and boast strong innovative capacity.

    To support the rapid expansion of the sector, more than 50 cities across China have designated over 32,000 kilometers of test routes for ICVs and upgraded 10,000 kilometers of roads with smart technologies.

    Despite China’s momentum in the ICV industry, some company executives still see room for improvement. Yu Chengdong, executive director of Huawei Technologies Co, said that while the 5G smartphone penetration rate has reached over 85 percent in China, less than 10 percent of the nation’s passenger vehicles use 5G.

    “The integration of 5G into the ICV sector should be put into place, as it will generate economic growth and enhance the global competitiveness of the sector as a whole,” he said.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: 7th China Now Music Festival ends with Sci-Fi chamber opera

    Source: China State Council Information Office 3

    Conductor Cai Jindong leads the orchestra at the opening concert of the 7th China Now Music Festival at Carnegie Hall in New York, the United States, Oct. 12, 2024. (Photo by Zack Zhang/Xinhua)

    The 7th China Now Music Festival themed “Composing the Future” came to a close Saturday evening in New York City with a concert that fused East-West musical traditions and blended human-made music with artificial intelligence (AI).

    The event, held at Carnegie Hall’s Zankel Hall, featured two distinct parts. The first half featured musicians from the Bard East-West Ensemble, performing new works by composers from China’s Central Conservatory of Music (CCOM).

    With the rich sounds of traditional Chinese instruments like the pipa and guzheng accompanying Western orchestral instruments, the performance created a unique cultural and musical fusion that resonated with the audience.

    The second half showcased AI’s Variation: Opera of the Future, a science fiction chamber opera penned by CCOM professor Hao Weiya.

    Performed by Chinese soprano Shi Lin, baritone Hong Zhenxiang, and American soprano Lucy Fitz Gibbon, who stunned the audience with her fluent Mandarin, this thought-provoking piece delved into the ethical implications of AI technology merging with human creativity.

    The work, part of Hao’s Chinese New Opera series, imagines a world where artificial intelligence surpasses human abilities, prompting the existential question: “Who will ‘we’ be when AI replaces us?”

    “We listen to a lot of Beethoven and Mozart, but in the 21st century, we need more young people to pay attention to contemporary music — the music of today,” said Cai Jindong, the festival’s artistic director and conductor, in an interview with Xinhua after the concert.

    Reflecting on the festival’s journey, Cai expressed pride in fostering collaboration between Chinese and American musicians. He emphasized musical exchanges offer a way to bridge divides.

    “Cultural exchange helps us understand each other better,” Cai said.

    American cellist Christine Walevska, a long-time participant in the China Now Music Festival, praised Cai’s approach. “Music is a language everyone understands. This is my seventh time here, and I always love Maestro Cai’s interpretations, especially how he blends traditional Chinese elements with contemporary music,” Walevska told Xinhua.

    Dr. Wenyi Xiong, adjunct faculty in Piano Performance at New York University, was equally impressed.

    “The orchestration was unique — it’s rare to see a symphony orchestra incorporate guitar alongside the guzheng. It beautifully captured the charm of both Chinese and Western music,” she said.

    The China Now Music Festival was co-founded in 2017 by the U.S.-China Music Institute of the Bard College Conservatory of Music, in collaboration with the CCOM.

    Now in its seventh year, the festival has drawn over 10,000 live attendees and attracted nearly 100,000 online viewers in past seasons.

    The Bard East-West Ensemble, part of the U.S.-China Music Institute at Bard College, has also become a symbol of cross-cultural musical dialogue. The group combines traditional Chinese instruments like the pipa and guzheng with Western orchestral instruments.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI New Zealand: Insurance Sector – Commonwealth insurance peaks collaborate on global insurance protection gap

    Source: Insurance Council of NZ

    The peak bodies representing personal and business insurers in the United Kingdom, Canada, Australia and New Zealand have called on Commonwealth leaders at this week’s Commonwealth Heads of Government Meeting (CHOGM) in Samoa to discuss worsening extreme weather and its impact on national economic and community resilience across the Commonwealth.
    The Association of British Insurers (ABI), the Insurance Bureau of Canada (IBC), the Insurance Council of Australia (ICA), and the Insurance Council of New Zealand (ICNZ), have jointly written to the Prime Ministers of their respective nations calling for the issue to be put on the agenda as part of the Commonwealth Business Forum on 23 and 24 October.
    This followed a Global Insurance Protection Gap Forum held in Sydney, Australia on Friday 18 October involving the four leaders of the ABI, IBC, ICA, and ICNZ, along with insurers, Australian government representatives, and regulators.
    The four associations collectively represent insurers writing approximately US$200B in gross annual premium, with their members playing an essential role in enabling individuals, communities and businesses to recover from the unexpected and reduce risk across the economies in which they operate.
    Operating in Commonwealth nations, the four organisations and their members face similar regulatory, political, and financial environments, with their governments and regulators having similar tools at their disposal to implement solutions.
    The Global Insurance Protection Gap forum agreed that:
    – As extreme weather intensifies, populations expand and more homes are put in harm’s way, the insurance protection gap will widen.
    – Flood risk is often concentrated in particular areas, but the widespread nature of flood risk is going to increase.
    – Governments and insurers have a critical opportunity to collaborate across global markets to build a shared view of current and future hazard risk.
    – We must stop locking further risk into our economies by building homes in the wrong places.
    – Applying excessive taxes and levies to insurance premiums can directly affect the affordability of insurance coverage.
    Comment attributable to Hannah Gurga, Director General, Association of British Insurers
    Our changing climate represents a real and growing threat to our resilience as a nation and globally. The UK led the way with the creation of Flood Re, which has helped keep insurance accessible for hundreds of thousands of homes. We are now at a crossroads, with a new government in post and a review of the planning system underway. It’s vital that decisions are taken for the long-term and made for the benefit of all. That’s not just investing in flood defences but also changing where and how we build. Action is needed now, not in the future when the challenge will be ever greater.
    Comment attributable to Celyeste Power, President and CEO, Insurance Bureau Canada
    In the span of just five weeks this past summer, Canada saw five natural catastrophes: three major floods, a devastating wildfire, and a destructive hailstorm resulting in $7 billion of insured losses.
    This isn’t an anomaly. It isn’t bad luck. It’s part of an escalating trend of severe weather events that is making Canada a riskier place to live, work and insure.
    I know Canada is not facing these challenges alone and I join with my colleagues in Australia, New Zealand and Britain in our call for meaningful action to reduce the growing physical and financial risks our citizens are facing.
    Comment attributable to Andrew Hall, CEO, Insurance Council of Australia
    More frequent and intense disasters, coupled with ongoing development of areas at high risk of extreme weather and growing asset values, are widening the gap globally between those who can afford insurance in high-risk areas and those who can’t – often leaving society’s least wealthy unable to rebuild and recover when disaster strikes.
    As the bodies representing personal and business insurance providers in the United Kingdom, Canada, Australia and New Zealand, we have a unique perspective on this issue.
    Insurers remain steadfastly committed to the policies of derisking as the only sustainable way to reduce the pressure on premiums and close the protection gap: better planning so no more homes are built in harm’s way, stronger buildings that are better able to withstand extreme weather, greater investment in public infrastructure to better protect communities, and an ongoing program of home buybacks where no other mitigation is possible.
    Comment attributable to Kris Faafoi, CEO, Insurance Council of New Zealand
    Our nations share a common history and a future challenge with climate change. By working closely together our insurance representative bodies are committed to doing their bit to help reduce risk from natural hazards and protect our families and communities.
    By reducing the protection gap we keep communities safe, reduce the costs to taxpayers and ratepayers and maintain insurance capacity and affordability.
    Just last year New Zealand experienced just how devastating severe weather events can be on lives, livelihoods and communities. There is much to be gained by working together on these issues across the UK, Australia, Canada and New Zealand through policy work, relationships and our responses to natural disasters.

    MIL OSI New Zealand News –

    January 24, 2025

  • MIL-OSI NGOs: “Dispiriting, dangerous, anti-development” education and health cuts by nearly every country with World Bank and IMF loans

    Source: Oxfam –

    New global index reveals that nine out of ten countries worldwide are pursuing policies that are likely to increase levels of economic inequality.

    94 percent of countries (94 out of 100 countries) with current World Bank and International Monetary Fund (IMF) loans have cut vital investments in public education, health and social protection over the past two years, according to a new report published today by Oxfam and Development Finance International (DFI).

    The figure is even higher for International Development Association (IDA) countries, the world’s poorest countries —95 percent (40 out of 42 countries) have pursued such cuts.

    “These cuts are not just dispiriting; they’re dangerous and fundamentally anti-development,” said Kate Donald, Head of Oxfam International’s Washington DC Office. “Too many Global South countries are facing the agonizing choice between investing in education and health or adopting austerity measures to keep up with crushing debt payments. These decisions come at a terrible human cost —millions of people depend on public services to thrive and build better lives for themselves and their children.”

    “Last year, we applauded the World Bank for finally making inequality an institutional priority. But our latest findings show that both the Bank and IMF have a lot of work to do if they are to genuinely contribute to tackling inequality rather than perpetuate it,” said Donald.

    In 2023, under growing pressure from economists, shareholders and civil society, the World Bank introduced its first-ever “vision indicator” aimed at reducing the number of countries with high inequality (Gini of 0.4 or above). Despite this step forward, the Bank has watered down previous commitments to support progressive taxation, including increased taxation of the super-rich. Tackling inequality has so far not been incorporated into the policy framework for the upcoming replenishment of the Bank’s IDA, which provides grants or low-interest loans to the world’s poorest countries, over half of which are in Africa. Inequality is high or increasing in 54 percent of countries that receive funds from IDA.

    Using the latest data from government budgets, the “Commitment to Reducing Inequality (CRI) Index 2024” ranks 164 governments on their policies regarding public services, tax, and workers’ rights —policies central to reducing inequality. This year’s edition shows that, for the first time since the Index began in 2017, the majority of countries are backsliding across all the three critical areas.

    Overall, 84 percent of countries have cut investment in education, health and social protection, 81 percent weakened their tax systems’ ability to reduce inequality, and in 90 percent of them, labour rights and minimum wages have worsened.

    Some countries have improved their ranking since 2022. Burkina Faso and Vanuatu increased their minimum wage, Croatia boosted investment in health, and Guyana retains one of the highest corporate tax rates (40 percent).

    Others have fallen sharply, including Argentina whose new government has slashed public health and education budgets by 76 percent and 60 percent, respectively, and is phasing out the country’s wealth tax. Pakistan has cut education and social protection budget shares by a third under IMF-imposed austerity measures.

    Even the top performers, high-income countries led by Norway and Canada, are lagging in many indicators. Around 5 percent of their populations face catastrophic out-of-pocket healthcare costs. Excepting Japan, most have low rates of corporate income tax. Denmark has been cutting the income tax rate paid by the richest 1 percent for years.

    The bottom performers in the Index remain dominated by those from Sub-Saharan Africa (all countries in the region have World Bank and IMF programs). In addition to low tax revenues, the debt crisis, conflict and climate breakdown are diverting scarce resources from education, health and social safety nets. On average, low- and middle-income countries are spending 48 percent of their budgets on debt service, far more than they do on education and health combined. Six of the bottom ten countries are in or at high risk of debt distress.

    Higher taxes on the income and wealth of the super-rich could raise trillions of dollars to plug financing gaps for public services in low- and middle-income countries. At the G20 finance ministers’ meeting in July 2024, for the first time in history, the world’s largest economies agreed to cooperate to tax the ultra-rich, a move welcomed by President of the World Bank Ajay Banga.

    “The world’s governments are doing even less to fight inequality, exacerbating extremism and undermining growth. With the World Bank adopting a new anti-inequality target, the World Bank and IMF have a new opportunity to champion policies which cut inequality —free public services, fairer tax systems, and stronger workers’ rights. They must seize this with both hands,” said Matthew Martin, Executive Director of DFI.
     

    Download Oxfam and DFI’s “Commitment to Reducing Inequality (CRI) Index 2024” at http://www.inequalityindex.org. Development Finance International (DFI) is a non-profit capacity-building, advocacy, advisory and research group.  

    According to Oxfam’s research, inequality is high or increasing in 25 (54 percent) of countries that receive funds from IDA.

    Significant investment from the World Bank is needed to radically and rapidly improve data on inequality, particularly on the incomes and the wealth of those at the top.  For more than 100 countries, the most recent data available is from 2019 or earlier, predating the last five years of crisis.
     

    MIL OSI NGO –

    January 24, 2025

  • MIL-Evening Report: A year on from the Senate inquiry into concussion, what’s changed and what comes next?

    Source: The Conversation (Au and NZ) – By Annette Greenhow, Assistant Professor, Faculty of Law, Bond University

    In September 2023, an Australian Senate committee released a landmark report on concussions and repeated head trauma in contact sports.

    The committee made 13 recommendations to improve outcomes for past, present and future players.

    The report emphasised shared responsibility and transparency in developing a national approach, with the government to lead nine of the recommendations.

    As of October 2024, no official government update has been provided.

    We’ve assessed the status of the recommendations – of the publicly available sources, we found evidence of action in some areas but no national strategy in directly addressing the focus of several key recommendations.

    As part of this review, we searched the websites of the Australian government’s Department of Health and Aged Care and the Australian Sports Commission/Australian Institute of Sport (ASC/AIS).

    We approached the Senate committee secretary and the Department of Health and Aged Care for more information but neither was able to comment.

    We acknowledge there is likely more work going on behind the scenes, and these processes take time.

    Here’s what we found.

    Progress being made

    In the past year, there has been progress made with several recommendations including those addressing community awareness, education and guidelines for amateur and youth sports.

    The AIS continues to engage in health-led efforts with a suite of resources aimed at increasing community awareness and education.

    In June this year, the institute published a new set of return-to-play guidelines specifically targeting community and youth athletes.

    This represents a tangible response from a federally funded sporting body.

    However, these guidelines must be easily implemented by clubs. To date, there is no indication the government plans to increase funding or resources to clubs to help do so.

    The committee also called for national sporting organisations to “further explore rule modifications to prevent and reduce the impact of concussions and repeated head trauma, prioritising modifications for children and adolescents”.

    Several major sporting codes have modified their rules and we expect them to remain focused on rule modifications to ensure the longevity of their sports.

    General practitioners (GPs) are often the first port of call after a concussion, and the committee recommended the development of standardised guidelines for GPs and first aid responders.

    This addresses concerns that GPs may require additional training in treating sport-related brain trauma.

    In response, the AIS developed a free, online short course for registered GPs.

    Work in progress, or lack of progress?

    There appears to be work in progress or a lack of progress elsewhere, including key recommendations for a National Sports Injury Database (NSID) and professional sport data sharing.

    The inquiry highlighted how patchy data collection had contributed to evidence gaps in understanding sports injury management and surveillance. The committee’s most urgent recommendation therefore was for the government to establish the NSID.

    This would work closely with another recommendation that called for professional sport codes to collect and share de-identified concussion and sub-concussive event data with the NSID.

    As of October 2024, the Australian Institute of Health and Welfare reports the NSID is still under development and is not yet ready to receive data.

    Other recommendations related to research – establishing an independent research pathway, ongoing funding commitments and a co-ordinated and consolidated funding framework.

    These recommendations called for the government’s existing agencies, or a newly created body, to coordinate research on the effects of concussion and repeated head trauma.

    No new dedicated sports-related concussion research pathways have emerged since the inquiry.

    In terms of funding commitments, in April this year – after former rugby league star Wally Lewis’s National Press Club appearance – Dementia Australia reported the government had pledged $A18 million for concussion and CTE support services and education.



    Read more:
    Why a portrait of a former NRL great could spark greater concussion awareness in Australia

    The May 2024 federal budget allocated $132.7 million to boost sports participation from grassroots to high performance. But this did not address concussion and repeated head trauma, and we haven’t been able to find evidence of a co-ordinated and consolidated funding framework.

    Our view is concussion funding pools should be primarily focused on supporting independent research projects. However, sporting bodies clearly need to be involved – they provide access to athlete populations and most people in these organisations have a genuine care for athlete welfare.

    Another recommendation called for a national concussion strategy. This should focus on binding return-to-play protocols and rules to protect participants from head injuries.

    The recommendation included a role for government and whether any existing government bodies would be best placed to monitor, oversee and/or enforce concussion-related rules and protocols.

    In our view, this recommendation involves much more than producing guidelines. It requires a more comprehensive national strategy, with consideration to monitoring compliance and enforcement.

    We could not find any evidence indicating the current status of this recommendation.

    Increased funding and support for affected athletes were also focus areas.

    These recommendations called for a review to address barriers to workers’ compensation and ensure adequate insurance arrangements remain in place.

    We could not find any evidence of whether state and territory governments are involved in the reviews of workers compensation to apply to professional athletes.

    The committee recommenced the government consider measures to increase donations to brain banks for scientific research.

    We couldn’t find any evidence of steps taken to implement this recommendation.

    Moving forward

    There has been progress in education and guidelines but a lack of the coordinated, transparent approach the committee envisioned.

    A formal government response, as demonstrated in Canada and the United Kingdom, is essential to establish trust and chart a clear path forward.

    The Australian government, as guardian of the Australian public’s health, has an opportunity to do the same.

    Annette Greenhow receives funding from SSHRC Partnership Development Grant. Annette is a Board Member of the Australian and New Zealand Sports Law Association. The views expressed in this article are her own.

    Stephen Townsend does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. A year on from the Senate inquiry into concussion, what’s changed and what comes next? – https://theconversation.com/a-year-on-from-the-senate-inquiry-into-concussion-whats-changed-and-what-comes-next-239929

    MIL OSI Analysis – EveningReport.nz –

    January 24, 2025

  • MIL-Evening Report: Humanising AI could lead us to dehumanise ourselves

    Source: The Conversation (Au and NZ) – By Raffaele F Ciriello, Senior Lecturer in Business Information Systems, University of Sydney

    Shutterstock

    Irish writer John Connolly once said:

    The nature of humanity, its essence, is to feel another’s pain as one’s own, and to act to take that pain away.

    For most of our history, we believed empathy was a uniquely human trait – a special ability that set us apart from machines and other animals. But this belief is now being challenged.

    As AI becomes a bigger part of our lives, entering even our most intimate spheres, we’re faced with a philosophical conundrum: could attributing human qualities to AI diminish our own human essence? Our research suggests it can.

    Digitising companionship

    In recent years, AI “companion” apps such as Replika have attracted millions of users. Replika allows users to create custom digital partners to engage in intimate conversations. Members who pay for Replika Pro can even turn their AI into a “romantic partner”.

    Physical AI companions aren’t far behind. Companies such as JoyLoveDolls are selling interactive sex robots with customisable features including breast size, ethnicity, movement and AI responses such as moaning and flirting.

    While this is currently a niche market, history suggests today’s digital trends will become tomorrow’s global norms. With about one in four adults experiencing loneliness, the demand for AI companions will grow.

    The dangers of humanising AI

    Humans have long attributed human traits to non-human entities – a tendency known as anthropomorphism. It’s no surprise we’re doing this with AI tools such as ChatGPT, which appear to “think” and “feel”. But why is humanising AI a problem?

    For one thing, it allows AI companies to exploit our tendency to form attachments with human-like entities. Replika is marketed as “the AI companion who cares”. However, to avoid legal issues, the company elsewhere points out Replika isn’t sentient and merely learns through millions of user interactions.

    Some AI companies overtly claim their AI assistants have empathy and can even anticipate human needs. Such claims are misleading and can take advantage of people seeking companionship. Users may become deeply emotionally invested if they believe their AI companion truly understands them.

    This raises serious ethical concerns. A user will hesitate to delete (that is, to “abandon” or “kill”) their AI companion once they’ve ascribed some kind of sentience to it.

    But what happens when said companion unexpectedly disappears, such as if the user can no longer afford it, or if the company that runs it shuts down? While the companion may not be real, the feelings attached to it are.

    Empathy – more than a programmable output

    By reducing empathy to a programmable output, do we risk diminishing its true essence? To answer this, let’s first think about what empathy really is.

    Empathy involves responding to other people with understanding and concern. It’s when you share your friend’s sorrow as they tell you about their heartache, or when you feel joy radiating from someone you care about. It’s a profound experience – rich and beyond simple forms of measurement.

    A fundamental difference between humans and AI is that humans genuinely feel emotions, while AI can only simulate them. This touches on the hard problem of consciousness, which questions how subjective human experiences arise from physical processes in the brain.

    Science has yet to solve the hard problem of consciousness.
    Shutterstock

    While AI can simulate understanding, any “empathy” it purports to have is a result of programming that mimics empathetic language patterns. Unfortunately, AI providers have a financial incentive to trick users into growing attached to their seemingly empathetic products.

    The dehumanAIsation hypothesis

    Our “dehumanAIsation hypothesis” highlights the ethical concerns that come with trying to reduce humans to some basic functions that can be replicated by a machine. The more we humanise AI, the more we risk dehumanising ourselves.

    For instance, depending on AI for emotional labour could make us less tolerant of the imperfections of real relationships. This could weaken our social bonds and even lead to emotional deskilling. Future generations may become less empathetic – losing their grasp on essential human qualities as emotional skills continue to be commodified and automated.

    Also, as AI companions become more common, people may use them to replace real human relationships. This would likely increase loneliness and alienation – the very issues these systems claim to help with.

    AI companies’ collection and analysis of emotional data also poses significant risks, as these data could be used to manipulate users and maximise profit. This would further erode our privacy and autonomy, taking surveillance capitalism to the next level.

    Holding providers accountable

    Regulators need to do more to hold AI providers accountable. AI companies should be honest about what their AI can and can’t do, especially when they risk exploiting users’ emotional vulnerabilities.

    Exaggerated claims of “genuine empathy” should be made illegal. Companies making such claims should be fined – and repeat offenders shut down.

    Data privacy policies should also be clear, fair and without hidden terms that allow companies to exploit user-generated content.

    We must preserve the unique qualities that define the human experience. While AI can enhance certain aspects of life, it can’t – and shouldn’t – replace genuine human connection.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Humanising AI could lead us to dehumanise ourselves – https://theconversation.com/humanising-ai-could-lead-us-to-dehumanise-ourselves-240803

    MIL OSI Analysis – EveningReport.nz –

    January 24, 2025

  • MIL-OSI New Zealand: Progress towards Auckland’s climate goals puts resilience at the forefront

    Source: Auckland Council

    From increasing public transport options, to decarbonising the council’s operations, to community food initiatives and building resilience to flood events, Auckland Council is delivering tangible, positive climate outcomes for Aucklanders. That’s according to Auckland Council’s Te Tāruke-ā-Tāwhiri: Auckland’s Climate Plan 2024 progress snapshot.

    Councillor Richard Hills, Chair of the council’s Policy and Planning Committee applauds the progress already made but reminds us that to maintain momentum and achieve our climate goals requires continued commitment from all of us.

    “As a region, the scale and speed of climate action needed to make an impact on resilience continues to grow and will require increasing levels of cohesion and investment across both government and our council.”

    Te Tāruke-ā-Tāwhiri: Auckland’s Climate Plan is Auckland Council’s long-term approach to climate action. It sets out eight priority action areas to deliver our goals to reduce carbon pollution and plan in ways that prevent further climate disruption.

    Kataraina Maki, Auckland Council’s Chief Sustainability Officer, believes the council plays a crucial role in forward-thinking to make caring for everyone in a climate-disrupted future a reality.

    “Imagine the lives we can all live when, across our communities, we are empowered to take the bold climate actions we need, and know are feasible. Te Tāruke-ā-Tāwhiri: Auckland’s Climate Plan provides long term solutions to make wise decisions now that will prevent further disruption to the climate later for future generations.

    “Kia kotahi, Auckland Council supports our communities to unite, work together, and adapt to low-carbon, climate-prepared lifestyles to meet peoples’ needs and make our city better for everyone, especially those most vulnerable to climate disruption.”

    The annual progress report highlights the council’s contribution towards the implementation of Te Tāruke-a-Tāwhiri: Auckland’s Climate Plan based on the levels of actions that are completed, in progress, and still required in reducing emissions and improving resilience to climate change. It also provides highlights of progress and key challenges for each priority in the plan along with a summary of key initiatives planned for the year ahead.

    Key highlights of 2023/2024 report include:

    • Collecting and diverting 20,000 tonnes of food scraps from landfill, exceeding the target of 18,000 tonnes for year one
    • Investment in public transport to increase patronage up to 100 million boardings by March 2025
    • Issuing three new green bonds increasing total green bond holdings to NZ $3.7 billion
    • The Auckland Council climate grant funded 32 community-led projects, with approximately a third going to underserved communities
    • Approximately 750,000 trees were planted across the region as part of the Urban Ngahere programme
    • Several projects including Auckland Art Gallery and Auckland Domain Wintergardens have switched from gas to electricity and alternative energy sources, saving money and reducing emissions.

    A planted area and stormwater stream beside the motorway in South Auckland.

    Building resilience to future extreme weather events top priority for the council

    In response to the 2023 extreme weather events, Auckland Council has partnered with the government to implement a $2 billion flood recovery and resilience package. As severe weather events happen more frequently, the council is preparing for the additional water we know to expect and preventing further flood risks through financial support for affected homeowners, supporting community-led responses and accelerating crucial repairs to affected infrastructure.

    The Making Space for Water programme has been integral to this work where $820 million has been given to help build resilience, repair affected stormwater assets and reduce the impacts of future intense rainfall.

    Councillor Hills says that rebuilding our infrastructure after big flooding and climate events can prevent worsening climate disruption.

    “Rampant carbon pollution has trapped heat like a blanket in our atmosphere and warmed the oceans, leading to a disrupted climate and more extreme weather events. A lot more water is one of the effects,” he says.

    “Auckland Council prioritises working alongside mana whenua, communities, and infrastructure experts to redesign our city to be more spongy to soak up this extra water and reduce heat in our neighbourhoods.

    “By uncovering our natural waterways and enhancing and maintaining our stormwater systems through programmes like Making Space for Water, we’re giving water space to flow and rise to build resilience and reduce the impacts of future flooding.”

    An electric bus on Waiheke Island.

    Zero emission transport

    Auckland’s public transport network is becoming fully electric. A total of 180 buses are now zero emissions in the fleet, making it the largest fleet of zero-emission buses of any city in Australasia. Investment in the transition from fossil fuels to lower emissions has also seen the construction of the first low emission ferries. The Climate Action Transport Targeted Rate has also increased our frequent bus network to forty routes in total, the most recent addition is the 94, which is seeing almost 400 new users each day.

    Te Herenga Waka O Orewa Marae has received funding to repair flooring in the wharekai, an engineering design to improve stormwater management.

    Mana whenua partnerships

    Auckland Council supports leadership of mana whenua who have expertise in living in harmony with natural systems to care for their rohe and tāngata, using mātauranga Māori to guide how te taiao is valued and protected. The council supports climate resilience programmes across seven Auckland marae as part of the Resilient Marae Programme, and rangatahi Māori-led responses to the environment such as Mātātahi Taio to deliver climate action outcomes using traditional Māori knowledge systems and practices.

    About the progress snapshot

    The council group this year reports that based on the current allocation of funding for greenhouse gas emissions reduction, meeting the 2050 net zero target set in Te Tāruke-ā-Tāwhiri is becoming more challenging within timeframe and financial constraints. Regional emissions are also starting to rise, after they temporarily decreased during the COVID-19 pandemic.

    The report identifies that we all face big challenges in a climate-disrupted future. Better, resilient lives for everyone are possible through bold community climate planning, and a sustained collective commitment and effort from government, the council, businesses, communities and individuals to climate action.

    MIL OSI New Zealand News –

    January 24, 2025

  • MIL-OSI Economics: Money Market Operations as on October 18, 2024

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,170.25 6.31 5.50-6.55
         I. Call Money 970.10 6.11 5.50-6.24
         II. Triparty Repo 4,266.15 6.34 5.81-6.55
         III. Market Repo 6.00 5.90 5.90-5.90
         IV. Repo in Corporate Bond 928.00 6.40 6.39-6.45
    B. Term Segment      
         I. Notice Money** 9,547.65 6.47 5.10-6.60
         II. Term Money@@ 1,233.00 – 6.85-6.90
         III. Triparty Repo 361,634.75 6.29 6.23-6.60
         IV. Market Repo 150,948.36 6.29 5.00-6.64
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Fri, 18/10/2024 13 Thu, 31/10/2024 20,073.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 18/10/2024 3 Mon, 21/10/2024 54,755.00 6.49
    3. MSF# Fri, 18/10/2024 1 Sat, 19/10/2024 866.00 6.75
      Fri, 18/10/2024 2 Sun, 20/10/2024 0.00 6.75
      Fri, 18/10/2024 3 Mon, 21/10/2024 3,350.00 6.75
    4. SDFΔ# Fri, 18/10/2024 1 Sat, 19/10/2024 144,586.00 6.25
      Fri, 18/10/2024 2 Sun, 20/10/2024 0.00 6.25
      Fri, 18/10/2024 3 Mon, 21/10/2024 4,259.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -219,457.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations€ Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,222.87  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     10,762.87  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -208,694.13  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on October 18, 2024 991,699.56  
         (ii) Average daily cash reserve requirement for the fortnight ending October 18, 2024 1,001,756.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 18, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on October 04, 2024 488,495.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1340

    MIL OSI Economics –

    January 24, 2025

  • MIL-OSI China: China to support listing of innovative SMEs

    Source: China State Council Information Office 3

    This photo taken on Feb. 17, 2023 shows a view of the Beijing Stock Exchange in Beijing, capital of China.[Photo/Xinhua]

    China will intensify its support for the listing of high-quality innovative small and medium-sized enterprises (SMEs) on the Beijing Stock Exchange and the “new third board,” a financing platform designed for SMEs.

    This initiative is outlined in a strategic cooperation agreement signed by the Beijing Stock Exchange, the Ministry of Industry and Information Technology (MIIT), and the National Equities Exchange and Quotations during the Annual Conference of Financial Street Forum 2024 on Sunday.

    According to the agreement, the three parties will enhance their coordination and collaborate in areas such as institutional synergy, company cultivation and work coordination to form a cohesive force that promotes the development of these enterprises.

    They also aim to assist the enterprises in effectively utilizing capital market tools like mergers and acquisitions, restructuring, and equity incentives to achieve high-quality development.

    So far, China has cultivated about 141,000 innovative SMEs that use specialized, sophisticated technologies to produce novel or unique products, including 14,600 “little giant” firms, according to data from the MIIT.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI Russia: NSU students entered the top 115 best students in Russia following the conference “Management of the Future”

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Four students Faculty of Economics, NSU — Leonid Chistopolov, Anastasia Karunina, Alena Kozich and Makar Fedorov — entered the top 115 best students in Russia following the results of the XII conference “Management of the Future”, organized by the Graduate School of Management of St. Petersburg State University.

    The conference “Management of the Future” has been held since 2012 and attracts the most promising students interested in modern trends in management and business. The selection of participants consists of several stages: filling out a questionnaire with a resume and portfolio, a test of logic and mathematics, as well as a final video interview, which has become one of the most difficult tests for participants.

    — I learned about the conference from the previous head of Case Club NSU, who went to the conference last year and shared positive emotions. Therefore, I decided that I definitely needed to participate in the selection in order to meet ambitious students from all over Russia at the conference, hear expert opinions from top executives of large Russian companies on the topic of “Growth at the intersection of competencies” (the topic of this year’s conference), get a job opportunity and, of course, visit St. Petersburg! When I received the coveted letter of passage, of course, I was happy and felt confident in my abilities. And when I learned that three from NSU passed the selection, I realized that it was not in vain that I chose this university three years ago, — shared Anastasia Karunina.

    This year, the event brought together more than 100 students from all over the country, providing participants with unique opportunities to communicate with top managers of leading companies and participate in practical cases.

    — I decided to participate because I wanted to develop connections, expand my knowledge in the industries where I work, and see the city (I have never been to St. Petersburg). The conference gives me the opportunity to do all of this. When I found out that I had passed the selection, I was happy, — said Leonid Chistopolov.

    For university students, this is not only an opportunity to exchange experiences and establish new connections, but also a chance to demonstrate the high level of training at NSU.

    We congratulate the guys on such an important achievement and wish them success!

    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 accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.nsu.ru/n/media/nevs/education/NSU students-entered the top-115-best-students-of-Russia-at-the-future-management-conference/

    MIL OSI Russia News –

    January 24, 2025

  • MIL-OSI China: China’s railway cargo transportation rises

    Source: China State Council Information Office 3

    This aerial photo shows a freight train loaded with auto parts, home appliances and textile products pulling out of the Xiahuayuan railway cargo terminal in Zhangjiakou, north China’s Hebei Province. [Photo/Xinhua]

    China’s railway network transported 1.004 billion tonnes of cargo in the third quarter of this year, marking a year-on-year increase of 3.8 percent and setting a new record for freight volume in a single quarter, official data showed Sunday.

    China’s railway industry has been improving its transportation services and efficiency to support the high-quality development of the economy, according to China State Railway Group Co., Ltd.

    During this period, railways handled 520 million tonnes of coal, up 3.5 percent year on year.

    The company said it will further speed up the development of a modern railway logistics network to facilitate domestic and international economic circulations, and reduce logistics costs.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI: KnowBe4 Sheds Light on the Alarming Trends of Human Trafficking Through Social Engineering in the UAE

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, UAE, Oct. 21, 2024 (GLOBE NEWSWIRE) — Human trafficking continues to be an issue in the UAE, particularly affecting foreign workers from Africa and South and Southeast Asia. Lured with false promises of high-paying jobs, victims arrive in the UAE only to have their passports confiscated and find themselves in forced labor or even sex trafficking conditions. As the U.S. Department of State’s 2023 report highlights, many foreign workers, making up nearly 90% of the UAE’s population, are vulnerable to exploitation, with common abuses including non-payment of wages, debt-based coercion, and substandard living conditions.

    Traffickers are increasingly using social engineering tactics on social media platforms to target these workers, offering employment opportunities that seem too good to be true. Once victims arrive, they often find themselves in industries ranging from domestic work to cybercrime operations or sex trafficking, trapped by a combination of legal loopholes and physical isolation.

    How to Avoid Falling Victim to Human Trafficking

    Traffickers use highly convincing tactics to deceive job seekers, but there are steps individuals can take to protect themselves:

    • Research the Employer Thoroughly: Verify the legitimacy of any job offer by researching the company’s website, reading employee reviews, and ensuring the company is registered in corporate databases.
    • Avoid Upfront Payments: Legitimate employers do not charge for recruitment fees or visas. Be wary of any employer requesting payment before employment.
    • Beware of Social Media Offers: Many job scams originate on social media platforms like Facebook or WhatsApp. Always verify the recruiter’s identity and check if the company is reputable.
    • Know Your Rights: Be familiar with UAE labor laws, especially the legal processes regarding work visas and employment contracts.
    • Ask for Legal Documentation: Ensure you have an official job offer letter and that the employer provides clear visa sponsorship information before agreeing to travel.

    Taking these steps can help individuals avoid falling victim to human trafficking schemes that are increasingly prevalent in the UAE.

    For more detailed insights, you can read the 2023 Trafficking in Persons Report on the UAE

    By Anna Collard, SVP content strategy and evangelist at KnowBe4 Africa

    The MIL Network –

    January 24, 2025

  • MIL-OSI Economics: ADB-Supported Project Boosts Resilience of Land, Maritime Transport Networks in Solomon Islands

    Source: Asia Development Bank

    HONIARA, SOLOMON ISLANDS (21 October 2024) — The Asian Development Bank (ADB) is providing the Government of Solomon Islands with the second tranche of financing for its Land and Maritime Connectivity Project totaling $53 million. The project is strengthening transport infrastructure in Solomon Islands.

    The Land and Maritime Connectivity Project was approved by the ADB Board in June 2021, to be funded by a concessional loan of $74.4 million and a grant of $74.5 million. The grant is sourced from the Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries. The Government of Solomon Islands is contributing the remaining $21.8 million of the project’s overall cost of almost $171 million. The project is a 10-year multitranche financing facility, enabling ADB’s long-term support to the country’s transport sector.

    “Developing a sustainable transport network will help drive robust socioeconomic growth in Solomon Islands,” said ADB Senior Transport Specialist Rika Idei. “The project will better connect people in rural and remote areas to markets, health, and education services.”

    Tranche 2 will continue the rehabilitation and climate-proofing of road transport infrastructure from the first tranche. Works on the remaining 26 kilometers (km) of the Henderson–Mberande road section have commenced, while the rehabilitation of the 1.7 km Honiara City Council–Ground section and the upgrading of the 3.1 km Town Ground–White River section are ongoing. Both are critical road links on Guadalcanal Island. Climate resilience features are integrated into the road design to ensure all-year access along the east–west corridor in the island. After the completion of civil work, a 5-year performance-based maintenance will follow to sustain road quality and endurance.

    Maritime transport infrastructure will be improved in the second tranche, with work beginning for the provincial wharves under the project in Kira Kira and work in Ahanga expected to start soon. Marketplaces and passenger buildings will be included as part of the provincial wharves.

    Support for institutional improvement is a key element of the project, particularly in the second tranche. Part of the support is to develop a gender strategy to support women in technical and leadership roles in the Ministry of Infrastructure Development.

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

    MIL OSI Economics –

    January 24, 2025

  • MIL-OSI: Nokia and VNPT collaborate on 5G in Vietnam

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Nokia and VNPT collaborate on 5G in Vietnam

    • Nokia and VNPT partner to deploy 5G technology supporting the development of digital infrastructure in Vietnam

    21st October 2024
    Espoo, Finland – Nokia and Vietnam Posts and Telecommunications Group (VNPT), one of Vietnam’s leading telecommunications operators, today announced a new partnership to deploy 5G technology. This significant development marks a new milestone in the long-standing collaboration between the two companies, reinforcing their commitment to providing a strong digital infrastructure in Vietnam. Nokia is also manufacturing its 5G products locally in Vietnam highlighting its commitment to the region.

    As part of this agreement, Nokia will deploy equipment from its state-of-the-art 5G AirScale portfolio, powered by its energy-efficient ReefShark System-on-Chip technology. These provide premium connectivity, low latency, enhanced network capacity, and reduced power consumption. Nokia will also deploy its AI-based 5G MantaRay network management solution which will greatly improve VNPT’s network operation efficiency.
      
    Mr. Huynh Quang Liem, VNPT’s CEO, said: “Collaborating with Nokia will enable VNPT to rapidly deploy a world-class 5G network and meet the growing demands of our customers in Vietnam, 5G will serve as the foundation that will drive Vietnam’s economic development and societal progress, thereby accelerating its journey towards becoming a digital economy.”

    Tommi Uitto, Nokia’s President of Mobile Networks, said: “Nokia is proud to be VNPT’s strategic partner in introducing 5G which will deliver future-ready communications solutions that will help accelerate Vietnam’s digital future. Our local 5G production is further enhancing our strong bond with the country.”

    Resources:
    Webpage: Nokia 5G
    Product page: AirScale Radio Access
    Product page: MantaRay Network Management

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

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

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

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

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

    January 24, 2025
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