Category: Business

  • MIL-OSI China: High-quality employment a priority for socioeconomic development

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

    China is ramping up efforts to boost high-quality employment growth by developing more new professions, encouraging entrepreneurship and skills education, and tightening supervision of the human resources market to secure a fairer, healthier working environment for people.

    Li Zhong, vice-minister of human resources and social security, said at a news conference in Beijing on Tuesday that high-quality employment is a priority of the nation’s socioeconomic development, and authorities must give more support to industries and companies that are better suited to create job opportunities.

    He said authorities need to establish a forecast mechanism for human resources demands based on technological and industrial advancement and regularly publish information about professions or occupations in urgent demand to relieve the current structural imbalance between labor force supply and employers’ needs.

    Li said the employment of young people, which requires systematic policy and financial support and the provision of smoother career promotion channels, remains a top priority for the ministry.

    Senior officials have also attached importance to skills education and training, another important incubator of job opportunities.

    Ministry spokesman Lu Aihong cited the outstanding performance of young Chinese at the recent WorldSkills competition while explaining the positive role of skills in realizing self-worth and boosting employment. The competition was held in Lyon, France, from Sept 10 to 15.

    “It’s the seventh time China sent a delegation to compete in the WorldSkills, which is recognized as the Olympics of skills,” he said. “The 68 young people from China won 36 golds, nine silvers and four bronzes, showing the world their superior skills and upbeat spirits.”

    Lu said 283 young Chinese have competed at WorldSkills since 2010, and the honors they have won have given them more space for self-growth and more job opportunities.

    “Many of these candidates and medal winners have devoted themselves to passing down skills, becoming good examples for the young generation,” he added.

    Li, the vice-minister, said the ministry will further optimize job services to ensure that people looking for work get fairer, easier access to more professional job-seeking guidance and services. He added that the ministry will also offer more support to entrepreneurs to help them start businesses.

    “Also, we will continue to perfect the labor or working regulations and expand social security coverage to protect people’s working rights,” he said. “Improper or illegal behavior, including job discrimination, salary arrears or unreasonable layoffs, will be cracked down upon to ensure the stability and health of the job market.”

    MIL OSI China News

  • MIL-Evening Report: Why is the Reserve Bank independent from government, and why does it matter?

    Source: The Conversation (Au and NZ) – By Henry Maher, Lecturer in Politics, Department of Government and International Relations, University of Sydney

    Negotiations over reforms to the Reserve Bank of Australia this week took an unprecedented turn when the Greens demanded the government use its reserve powers to immediately cut interest rates.

    Labor had initially hoped to pass the reforms with the support of the Coalition. However, after a year of negotiations, they decided against it. Labor’s attempts to salvage the reforms by negotiating with the Greens now seem doomed to failure.

    The Greens’ proposal that the government immediately cut interest rates might sound attractive, especially to the millions of mortgage holders struggling to service loans amid a cost-of-living crisis.

    Yet government taking direct control of setting interest rates would run contrary to both long-standing historical trends and international financial norms, including the independence of the central bank.

    Where did this independence come from?

    The idea of central bank independence has a long history.

    The classical political economist David Riccardo warned as early as 1824 that:

    government could not be safely entrusted with the power of issuing paper money; that it would most certainly abuse it.

    Even the authoritarian French emperor Napoleon Bonaparte claimed in creating the Banque de France that:

    I want the bank to be more in the hands of the government but not too much.

    However, for most of the 20th century, the commonsense view was that monetary policy was an important tool for government management of the economy. According to the Keynesian worldview of the time, it would be absurd for governments to give up such an important economic lever as control over interest rates.

    Even Napoleon Bonaparte thought some degree of separation between the central bank and the government was a good idea.
    Shutterstock

    The prevailing wisdom began to change following the stagflation crisis of the 1970s. Stagflation is the term for high inflation at the same time as high unemployment.

    Neoclassical economists such as Milton Friedman argued that only repeated and long-term increases to interest rates could end the stagflation crisis.

    However, Friedman suggested governments could not be trusted to maintain high interest rates because they would also cause unemployment. Accordingly, an independent central bank was needed. It would be insulated from partisan political control and could do what was necessary to stabilise the economy.

    What about in Australia?

    In Australia, central bank independence emerged slowly and informally.

    The Reserve Bank of Australia was separated from the Commonwealth Bank and started independent operations in 1960. It set up its headquarters in Sydney to increase its autonomy from politicians in Canberra.

    The RBA gained de facto independence from the government following financial deregulation under the Hawke government in the early 1980s. Subsequent declarations from federal treasurers Peter Costello and Wayne Swan affirmed the government’s recognition of RBA independence.

    The government still maintains the power to overrule the RBA on interest rates, but this “emergency power” has never been exercised.

    Why independence matters

    Though central bank independence is generally associated with lower inflation, the historical performance of independent central banks is not without blemish.

    For example, unemployment rates in Australia were historically lower prior to RBA independence. This reflects the willingness of the RBA to use higher unemployment as an inflation-busting mechanism.

    Independent central banks were also partly responsible for the outbreak of the global financial crisis in 2007. Many commentators have suggested the then US Federal Reserve Governor Alan Greenspan’s decision to hold interest rates at artificial lows was responsible for the US sub-prime housing bubble. That eventually unravelled into a global recession.

    However, the Greens’ attempt to use an interest rate cut as a negotiating chip ironically reinforces the importance of central bank independence. Were governments to take direct control of setting interest rates, we might expect monetary policy to be influenced by short-term electoral concerns, rather than the long-term health of the economy.

    Creating a precedent that interest rates could be cut to suit the government of the day would also have long-term inflationary effects.

    Further, it would likely continue to drive up house prices. This would exacerbate the housing crisis.

    In contrast, the initial reforms proposed by Labor look to strike a balance. They recognise the competing political interests involved in the development of monetary policy while avoiding partisan interference in the day-to-day running of the RBA.

    Though the Coalition has raised concerns about Labor using the reforms to stack the RBA board, both the governor and board are already appointed by the government of the day, acting on the advice of the RBA.

    Finding a workable compromise that improves the bank while preserving political independence should be possible.

    If the alternative is the complete abrogation of central bank independence, the Coalition would do well to return to the negotiating table.

    Henry Maher 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. Why is the Reserve Bank independent from government, and why does it matter? – https://theconversation.com/why-is-the-reserve-bank-independent-from-government-and-why-does-it-matter-239717

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: Money Market Operations as on September 24, 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) 574,172.54 6.68 5.10-6.95
         I. Call Money 11,157.67 6.69 5.10-6.80
         II. Triparty Repo 397,183.95 6.66 6.20-6.77
         III. Market Repo 164,382.92 6.74 6.25-6.95
         IV. Repo in Corporate Bond 1,448.00 6.85 6.80-6.90
    B. Term Segment      
         I. Notice Money** 97.25 6.18 5.95-6.50
         II. Term Money@@ 575.00 7.05-7.10
         III. Triparty Repo 3,300.00 6.74 6.67-6.80
         IV. Market Repo 1,395.96 6.71 6.70-6.77
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Tue, 24/09/2024 2 Thu, 26/09/2024 50,003.00 6.62
         (b) Reverse Repo          
    3. MSF# Tue, 24/09/2024 1 Wed, 25/09/2024 1,424.00 6.75
    4. SDFΔ# Tue, 24/09/2024 1 Wed, 25/09/2024 62,381.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -10,954.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 20/09/2024 14 Fri, 04/10/2024 25,002.00 6.52
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
    Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
    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$       7,844.29  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*    

    37,336.29

     
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     26,382.29  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on September 24, 2024 1,023,321.84  
         (ii) Average daily cash reserve requirement for the fortnight ending October 04, 2024 1,005,433.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 24, 2024 50,003.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on September 06, 2024 427,689.00  
    @ 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: 2024-2025/1157

    MIL OSI Economics

  • MIL-Evening Report: What are ‘rent tech’ platforms? Action on reining in these exploitative tools is long overdue

    Source: The Conversation (Au and NZ) – By Linda Przhedetsky, PhD Candidate, Faculty of Law, University of Technology Sydney

    Bernard Hermant/Unsplash

    This week the New South Wales government announced it would introduce legislation that ensures renters are offered convenient, fee-free options to pay their rent.

    The announcement is just one of many state and territory reforms that aim to address issues arising from the use of rental technology platforms.

    In recent years these platforms and the landlords who use them have come under fire for intruding on renters’ privacy and charging additional fees. While practices such as “rent bidding” have already been outlawed around Australia, governments are now starting to turn their attention to other harmful practices facilitated by new technologies.

    Action on these issues is long overdue, and there’s much more that needs to be done to ensure rental technology platforms actually benefit consumers.

    An expanding industry

    A wide range of digital technology platforms are used to facilitate the use, trading, operation and management of real estate assets. A well-known example is AirBnb, a technology platform that facilitates short-term rentals by connecting hosts with guests.

    The property technology industry in Australia is rapidly expanding. In 2023, there were more than 478 products, start-ups and established companies ranging from marketing tools to data analytics platforms. This was up from 188 in 2019.

    A portion of these companies make services typically designed to be used by renters, real estate agents or landlords.

    A major selling point of rental technology platforms is that they promise to streamline a range of processes. To renters, these technologies are billed as quick, easy and effective ways to submit property applications, request maintenance or pay rent.

    If designed well, these platforms can certainly offer convenience. But many have expressed dissatisfaction with rental technology businesses that pressure renters to pay for costly background checks, collect too much personal data, or use opaque algorithms to “score” applicants.

    People who struggle to access or use technologies may also find these platforms difficult to use. This makes it harder for them to access an essential service.

    Some 41% of renters report feeling pressured to use a third-party rental technology platform to apply for a property. And 29% say they have opted not to apply for particular rentals because they do not trust rental technology platforms. This suggests that the use of these technologies may sometimes deter, rather than attract, applicants.

    Additional fees

    Over 30% of Australians rent their homes, a figure that continues to grow as people find themselves priced out of home ownership. Rising rents and the overall increase in the cost of living have put many renters under substantial financial pressure.

    With this in mind, it’s concerning that some renters have found themselves with little choice but to use rental technology platforms that charge fees to process rental payments.

    For example, renters using a popular platform called Alio are typically charged between 0.25% to 1.50% to make automated rental payments, depending on the method of payment they use. A rough estimate shows that a household paying the median weekly rent (A$627 per week) on a fortnightly basis might see themselves paying between $81.51 and $489.06 in additional fees each year.

    As required by law, Alio does offer a fee-free option to pay rent. But this option is highly inconvenient: it requires renters to enter their bank details anew every month.

    The fee-free options offered by some other rental technology platforms are equally inconvenient. They include paying rent in cash at the local post office.

    For renters who have been asked to use a rental payment platform, this may mean spending additional time and effort every time they pay their rent to avoid paying additional fees.

    The NSW government already requires lessors to offer fee-free ways to pay rent (similar protections are legislated in other states and territories). However, the key element of this week’s announcement is a commitment to making sure these fee-free methods are actually convenient. This should hopefully close the legislative loophole that is enabling these rental technologies to unfairly profit at renters’ expense.

    While the draft legislation is yet to be seen, these reforms might see renters reverting to tried and tested payment methods such as bank transfers and bypassing rental technology payment platforms altogether.

    Effective enforcement

    Introducing laws that ensure renters have access to convenient, fee-free ways to make rental payments is a no-brainer. The next step is ensuring these laws are enforced effectively.

    To achieve this, the regulator must be well resourced to carry out compliance and enforcement activities that ensure lessors and rental technology businesses comply with these protections.

    Beyond these reforms, there is more work to be done to ensure renters are effectively protected from a range of harms that are created or exacerbated by rental technology platforms.

    Issues such as discrimination and unfair treatment through rental technology platforms warrant further attention.

    The key challenge for governments and regulators is to keep up with technological developments so they can identify and address issues as they arise.

    Linda Przhedetsky is a Board Member at the NSW Tenants’ Union, and is a member of the NSW Fair Trading’s Industry Reference Group on Protecting Renter Information. She receives funding from the Australian Housing and Urban Research Institute.

    ref. What are ‘rent tech’ platforms? Action on reining in these exploitative tools is long overdue – https://theconversation.com/what-are-rent-tech-platforms-action-on-reining-in-these-exploitative-tools-is-long-overdue-239602

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Company and director of nursery fined $42,500 for breaking plant import quarantine rules

    Source: Ministry for Primary Industries

    The company and director of a nursery who illegally took 220 imported plants out of quarantine after just one day, has been fined $42,500.

    Elliott Wholesale Nursery Limited is a Ministry for Primary Industries registered Post Entry Quarantine (PEQ) facility. Under the Biosecurity Act, imported plants should be in quarantine for 3 months.

    Jeffrey Wayne Elliott (65) and Elliott Wholesale Nursery Limited were sentenced in the Christchurch District Court today on one charge under the Biosecurity Act. They earlier pleaded guilty following a successful prosecution by the Ministry for Primary Industries.

    “Mr Elliot is highly experienced and knew the quarantine regulations. These rules are there for a reason – to protect New Zealand from any potential pests and diseases which could be a risk to our biosecurity,” says MPI regional manager, investigations south, Gerald Anderson.

    In September 2022, Elliott’s Wholesale Nursery imported 600 Nandina domestica tissue culture – an evergreen shrub from Australia. The plants were unpacked and placed in a Post Entry Quarantine (PEQ) facility quarantine, where they needed to remain for 3 months. However, after just one day, Mr Elliot removed 220 of these plants, placing them in a non PEQ area.

    “To avoid detection and to circumnavigate the biosecurity rules designed to protect New Zealand from potentially unwanted pests and diseases – he replaced these plants with similar looking domestic plants, which he admitted doing to an employee who questioned him.

    “When an MPI inspector conducted an audit – the nursery passed because at the time, the inspector believed the swapped plants were the imported nandina plants from Australia.

    While Mr Elliot declined to be formally interviewed by MPI, he admitted to MPI investigators that he knew he had broken the law.

    No pests or diseases were found on the plants that were taken out of the quarantine facility.

    For general enquiries, call MPI on 0800 00 83 33 or email info@mpi.govt.nz

    For media enquiries, contact the media team on 029 894 0328.

    MIL OSI New Zealand News

  • MIL-OSI Banking: Samsung Electronics Collaborates With Hyundai Motor and Kia to Further Expand the SmartThings Ecosystem

    Source: Samsung

    ▲ (From left) Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division; Paul (Kyungwhoon) Cheun, President, CTO of DX Division at Samsung Electronics and Head of Samsung Research
     
    Samsung Electronics today announced the signing of a strategic technology partnership agreement with Hyundai Motor and Kia. The companies’ shared goal is to elevate users’ connectivity experiences by fully integrating the SmartThings IoT platform with Hyundai and Kia’s software-defined vehicles (SDVs).
     
    The signing ceremony was held at Samsung Electronics’ Seoul R&D Campus, with Samsung’s participants including Paul (Kyungwhoon) Cheun, President, CTO of Device eXperience (DX) Division and Head of Samsung Research; Seungbeom Choi, Executive Vice President and Head of Device Platform Center; and Chanwoo Park, Executive Vice President and Head of IoT R&D Team. Participants from Hyundai and Kia included Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division and Haeyoung Kwon, Vice President and Head of Hyundai Motor Group Infotainment Development Center.
     
    Through this agreement, Samsung will integrate SmartThings with Hyundai and Kia’s next-generation infotainment system to offer a differentiated experience. First, they will introduce the global location solution function for vehicles and smart keys based on the SmartThings Find platform, which is a crowdsourced network of hundreds of millions of Samsung Galaxy devices that use the Bluetooth Low Energy (BLE) technology to report their location. Through the SmartThings Find service, users can locate vehicles using nearby Galaxy smartphones — even without a 4G or 5G cellular network connection — meaning drivers can more easily track down their cars in the event of them being lost or stolen.
     
    Additionally, drivers can use their Galaxy’s Quick Panel to control air conditioning and check their remaining range from their device. Vehicles can also be added to the connected SmartThings ecosystem, allowing users to return to a home with optimized conditions by controlling their Samsung air conditioners, air purifiers or other connected devices while driving home.
     
    As part of the agreement, Samsung will also continue collaborating with Hyundai and Kia to provide various AI-based services tailored to customer lifestyles and preferences. The companies will expand the use of SmartThings to include in-vehicle health monitoring via cameras and Galaxy devices, pet care solutions that optimize vehicle environments for pets, as well as integration with smart apartment solutions and SDVs.
     
    “Our goal is to enrich Hyundai Motor and Kia customers’ mobility experience by offering personalized services that extend beyond transportation, seamlessly integrating vehicles with smartphones,” said Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division.
     
    “Through our collaboration with Hyundai and Kia, customers will experience the convenience of SmartThings not only at home but also in their vehicles, transcending space,” said Paul (Kyungwhoon) Cheun, President, CTO of DX Division at Samsung Electronics and Head of Samsung Research. “We will continue to expand the SmartThings ecosystem, offering new lifestyles and value to even more customers.”
     
     
    Consistent Steps Forward Enable Shared Progress
    In January this year, Samsung and Hyundai announced to partnership focusing on home-to-car and car-to-home services that connect smartphones, vehicles and home appliances. Based on this agreement, the two organizations have been working toward a reality in which a Samsung device can be used to seamlessly control a Hyundai or Kia vehicle — and home appliances can also be easily controlled from inside the vehicle.
     
    ▲ (From left) Jinhee Choi, Senior Executive Vice President of 42dot; Haeyoung Kwon, Vice President and Head of Hyundai Motor Group Infotainment Development Center; Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division; Paul (Kyungwhoon) Cheun, President and Chief Technology Officer (CTO) of Device eXperience (DX) Division at Samsung Electronics and Head of Samsung Research; Seungbeom Choi, Executive Vice President and Head of Device Platform Center; and Chanwoo Park, Executive Vice President and Head of IoT R&D Team
     
    This latest evolution of the two companies’ relationship now adds the aforementioned SmartThings functionality and cooperation to provide user-tailored AI services. Essentially, the scope of the collaboration has now been broadened to include even more comprehensive SDV integration — as well as healthcare, pet care and smart apartment solutions.
     
     
    About Hyundai Motor Group
    Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel and construction, as well as logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all.
    More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom

    MIL OSI Global Banks

  • MIL-OSI Australia: Appointment to the National Archives of Australia Advisory Council

    Source: Australian Ministers 1

    The Albanese Labor Government has today announced the appointment of Ms Amanda Heyworth as a member of the National Archives of Australia Advisory Council for a three-year term.

    The National Archives is Australia’s federal government record collecting agency, preserving and managing documents and other evidence that record important events in Australian history, and making them available to the public. 

    Minister for the Arts, Tony Burke, said Ms Heyworth would be a valuable addition to the Council. 

    “The National Archives holds some of our most important records dating back to Federation in 1901, helping to tell the story of our nation. 

    “Amanda’s experience in digital transformation and service design will benefit the National Archives as it works to make collections more digitally available and improve information management.”

    Ms Amanda Heyworth is a professional company director, with expertise in governance, strategy and innovation. Ms Heyworth currently holds Chair positions at UniSA Ventures Pty Ltd and the Centennial Park Cemetery Authority, and is a non‑executive Director at People First Bank and Commissioner of the Essential Services Commission of South Australia. 

    Ms Heyworth has previously held senior executive positions in the venture capital, technology and finance sectors. Early in her career, she served as an economist with the Federal Treasury and as Adjunct Faculty in the Australian Graduate School of Management at the University of New South Wales.

    MIL OSI News

  • MIL-OSI Economics: Active Chlorine Component of Hypochlorous Acid Solution Volatilized in the Air Eliminates Over 99% of Group A Streptococci

    Source: Panasonic

    Headline: Active Chlorine Component of Hypochlorous Acid Solution Volatilized in the Air Eliminates Over 99% of Group A Streptococci

    [Figure 1. Amount of bacteria adhered (group A streptococci) by time elapsed]

    Osaka, Japan – Panasonic Corporation (https://www.panasonic.com/global/home.html) today announced that its Heating & Ventilation A/C Company (hereinafter referred to as Panasonic) verified that the active chloride component volatilized from the hypochlorous acid solution, produced by electrolysis of salt water, effectively eliminates over 99% of group A streptococci (GAS) adhered in a space of approx. 25 m3 within 60 minutes(*2).
    The hypochlorous acid solution is produced through the electrolysis of salt water and demonstrates high efficacy in sterilization and deodorization. Since adopting the hypochlorous acid solution for the hygiene maintenance system of cup-dispensing vending machines in 1987(*3), Panasonic has been researching hypochlorous acid technology for over 30 years. The company verified in the past few years that the solution is effective in suppressing viruses, including the influenza virus (H1N1), novel coronavirus (SARS-CoV-2) Omicron variant, and enterovirus and coxsackievirus, which can cause hand-foot-and-mouth disease, as well as herpangina.
    GAS is mainly transmitted via droplet infection (coughing and sneezing) and direct contact. These bacteria can cause a wide range of infections, such as strep throat and skin infections, and in severe cases, necrotizing fasciitis. Specifically, they are responsible for group A streptococcal pharyngitis, which primarily affects children with symptoms such as fever, sore throat, reddened tongue, and a red rash on the body. It can also cause sepsis and multiple organ failure, as exemplified by the streptococcal toxic shock syndrome, which has shown an increasing trend in recent years.
    Based on the current verification results, the active chloride component volatilized from the hypochlorous acid solution is expected to eliminate GAS adhered to tables, railings, and other objects.
    ■Verification methodTwo cases were verified: one by soaking the rotary sterilization filter in a hypochlorous acid solution of approx. 100 mg/L, exposing the filter to a given amount of wind (3.8 m3/min) to volatilize the active chloride component, and then exposing the specimens with GAS to the volatilized substance; and the other by not exposing the specimens to the active chloride component (natural attenuation).
    ■Verification resultsThe effect of suppressing 99% of GAS within 60 minutes was confirmed (Figure 1).

    MIL OSI Economics

  • MIL-OSI China: InnoTrans highlights smart, green solutions

    Source: China State Council Information Office

    A man visits the booth of China Railway during the 2024 International Trade Fair for Transport Technology (InnoTrans 2024) in Berlin, Germany, Sept. 24, 2024. [Photo/Xinhua]

    The 2024 International Trade Fair for Transport Technology, known as InnoTrans, kicked off on Tuesday with a focus on the future of mobility. This year’s event highlights smart transport solutions and low-carbon rail innovations powered by electricity and hydrogen.

    The four-day exhibition has drawn over 2,900 exhibitors from 59 countries and regions. They will showcase the latest products and innovations across 200,000 square meters of exhibition space and 3,500 meters of tracks, covering five segments: railway technology, railway infrastructure, public transport, interiors and tunnel construction.

    InnoTrans 2024 will showcase 226 world premieres, featuring groundbreaking advancements in electric and hydrogen-powered vehicles that are pushing the boundaries of energy efficiency and sustainability, Messe Berlin, the event’s organizer, told Xinhua.

    Innovations in autonomous rail technology, AI-driven solutions, and smart infrastructure systems using IoT and big data will also be in the spotlight, it added.

    Around 200 Chinese companies are participating in the biennial event. The CRRC Corporation Limited, one of the world’s largest vehicle manufacturers, unveiled two of its latest high-tech products: a hydrogen train capable of running up to 200 km per hour and a next-generation autonomous rail rapid transit vehicle, both featuring green and smart innovations.

    Meanwhile, the China State Railway Group is showcasing its high-speed trains capable of reaching speeds of 350 km per hour, along with equipment used for China-Europe freight trains.

    Chinese automaker BYD made its debut at InnoTrans, showcasing a range of electric buses and highlighting its self-developed blade battery and rapid charging systems.

    A man tries his hands on simulated driving of a Fuxing high-speed train at the booth of China Railway during the 2024 International Trade Fair for Transport Technology (InnoTrans 2024) in Berlin, Germany, Sept. 24, 2024. [Photo/Xinhua]

    People view outdoor exhibits at the 2024 International Trade Fair for Transport Technology (InnoTrans 2024) in Berlin, Germany, Sept. 24, 2024. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI Economics: Asian Impact Webinar 79: Key Indicators for Asia and the Pacific 2024 Launch

    Source: Asia Development Bank

    Video | 25 September 2024

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    Climate change poses a growing threat to people and their livelihoods in Asia and the Pacific. Record heat waves, catastrophic floods, prolonged droughts, and extreme weather events are becoming more frequent. Yet critical data gaps hinder our understanding of climate impacts, particularly on vulnerable populations in developing Asia. Drawing on insights from Key Indicators 2024: Data for Climate Action, panelists highlight the importance of granular data in capturing the nuanced effects of climate change on different regions and communities. Additionally, the discussion will explore policies and strategies aimed at enhancing data systems to foster inclusive and sustainable development.

    SHARE THIS PAGE

    Climate change poses a growing threat to people and their livelihoods in Asia and the Pacific. Record heat waves, catastrophic floods, prolonged droughts, and extreme weather events are becoming more frequent. Yet critical data gaps hinder our understanding of climate impacts, particularly on vulnerable populations in developing Asia. Drawing on insights from Key Indicators 2024: Data for Climate Action, panelists highlight the importance of granular data in capturing the nuanced effects of climate change on different regions and communities. Additionally, the discussion will explore policies and strategies aimed at enhancing data systems to foster inclusive and sustainable development.

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    MIL OSI Economics

  • MIL-OSI China: HK rises to 3rd place in global financial centers index

    Source: China State Council Information Office

    Photo taken on June 22, 2022 shows the view at the Victoria Harbor in Hong Kong, south China. [Photo/Xinhua]

    Hong Kong moved up one place to rank third globally and first in the Asia-Pacific region in a global financial centers index, showing the city’s status and strengths as a leading global financial center.

    The Global Financial Centers Index (GFCI) 36 Report was published Tuesday by British think tank Z/Yen Group and the China Development Institute in Shenzhen.

    A spokesperson from the Hong Kong Special Administrative Region (HKSAR) government said that Hong Kong’s scores were rated among the top in various areas of competitiveness, including business environment, human capital, infrastructure, as well as reputational and general.

    Hong Kong’s rankings in various financial industry sectors also rose significantly, including investment management, insurance, banking and professional services. Among them, the ranking in investment management advanced to first globally.

    In addition, the report assessed the financial centers’ fintech offerings, and Hong Kong’s ranking rose five places to ninth, making it among the top 10 fintech hubs.

    The spokesperson said that Hong Kong’s asset and wealth management business is booming, with assets under management growing by about 2 percent from the previous year to more than 31 trillion Hong Kong dollars by the end of 2023.

    Net fund inflows reached 390 billion Hong Kong dollars, representing a year-on-year increase of over 3.4 times. The development of the family office business in Hong Kong continues to gain momentum. The New Capital Investment Entrant Scheme has continued to receive overwhelming responses since its launch in March, with more than 550 applications received so far. It is expected to bring in more than 16.5 billion Hong Kong dollars in investments to Hong Kong.

    The spokesperson said that the HKSAR government will continue to actively understand, respond to and embrace changes to promote high-quality development of the financial sector. In the stock market, it is proactively enhancing its breadth and depth as well as boosting market efficiency and competitiveness, while endeavoring to deepen financial mutual access between the mainland and Hong Kong so as to further strengthen Hong Kong’s role in connecting the mainland and international capital markets.

    The GFCI Report is released in March and September every year since 2007. In GFCI 36, 121 financial centers were assessed, and Hong Kong ranked third globally with an overall rating of 749. (1 Hong Kong dollar equals 0.1284 U.S. dollars) 

    MIL OSI China News

  • MIL-OSI China: Haier breaks ground on $40M plant in Egypt

    Source: China State Council Information Office

    Chinese home appliance giant Haier held a groundbreaking ceremony on Monday for the second phase of its industrial park in Egypt in 10th of Ramadan, a city northeast of Cairo.

    The Haier Egypt Ecological Park is invested by Haier Smart Home Co., Ltd., a subsidiary of the Haier Group. Once fully built, the park will cover an area of 200,000 square meters and have an annual production capacity of more than 1.5 million units of home appliances.

    The second phase of the project, with an investment of about 40 million U.S. dollars, will mainly produce refrigerators and freezers.

    During the ceremony, Zhou Yunjie, chairman and CEO of Haier Group, said the first batch of products manufactured in the first phase of the park have been exported to Kenya in July. After the second phase of the project becomes operational, it will further help Egypt’s manufacturing industry to go global.

    Egyptian Minister of Investment and Foreign Trade Hassan El Khatib said Haier is the first Chinese enterprise to obtain a Golden License (Comprehensive Approval) from the Egyptian government, which makes it a role model for foreign enterprises investing in the Egyptian market.

    Zhang Tao, minister and deputy chief of mission of the Chinese Embassy in Egypt, said that the success of the first phase of the Haier Egypt Ecological Park has attracted more Chinese enterprises to invest and set up factories in Egypt, which promoted the upgrading of Egypt’s home appliance manufacturing industry, created jobs, trained outstanding talents, and increased Egypt’s foreign exchange incomes.

    The first phase of the industrial park was inaugurated in May, with trial production of air-conditioners, televisions, and washing machines.

    MIL OSI China News

  • MIL-OSI United Nations: Governments and Philanthropies Commit Approximately US$350 Million, Giving Urgent Boost to Family Planning and Sexual and Reproductive Health Supplies and Services Worldwide

    Source: United Nations Population Fund

    During the UN General Assembly, countries and donors rally critical investments to save women and girls’ lives and drive sustainable development.

    As part of the global effort to secure sexual and reproductive health and rights (SRHR) for all, governments and philanthropies have committed approximately US$350 million in new investments to expand access to family planning and sexual and reproductive health services. 

    Healthy women are the foundation of healthy families, vibrant communities, and prosperous economies and demand for SRH services is growing globally. Between 2023 and 2035, the number of people in low- and middle-income countries using modern contraceptives is predicted to increase by 95.4 million and annual births will increase by 3.29 million. Yet, a significant financing gap for contraceptives and lifesaving maternal health medicines – reaching at least US$1.5 billion in the world’s poorest countries alone by 2030 – threatens to derail hard-earned progress. Today, only 57 per cent of women are able to make their own decisions about their SRHR—a lack of autonomy that can put women’s lives at risk, rob them of opportunities, and foster an intergenerational cycle of poverty. 

    Together, the landmark commitments announced today on the sidelines of the UN General Assembly — ranging from countries committing domestic resources for reproductive health supplies to donor governments pledging funds to the UNFPA Supplies Partnership and new commitments from private sector and foundation partners — will help transform the lives of women and girls in 54 countries.

    “Investing in reproductive health supplies is a ‘best buy’ for development, empowering women, improving maternal and newborn health outcomes, and uplifting economies,” said Dr. Natalia Kanem, Executive Director of UNFPA, the UN sexual and reproductive health agency. “The significant new resources that governments and philanthropies are committing to are a lifeline for millions of women, who can now enjoy reproductive freedom and the power of choice. Together, we must close the funding gap for reproductive health commodities so that every woman, everywhere, can exercise her fundamental rights.” 

    The contributions to UNFPA alone have the potential to reach more than 28 million people with reproductive health care, prevent more than 8 million unintended pregnancies, avert more than 2 million unsafe abortions, and save the lives of up to 9,000 women and girls.

    Domestic financing commitments include:

    • The Kyrgyz Republic announced US$119,000 to domestic resources for family planning commodities. 
    • The Republic of Madagascar announced a US$15 million government contribution to procure quality-assured contraceptives and maternal health medicines through UNFPA.
    • Nepal announced a US$600,000 government contribution to purchase quality-assured contraceptives.

    Financing commitments from international donors include: 

    • The Government of Canada announced US$84 million commitment to SRHR projects.
    • The Children’s Investment Fund Foundation (CIFF) announced a US$100 million commitment to co-fund the WISH/Step-Up (Women’s Integrated Sexual Health) platform, strengthening donor coordination on funding access to SRH choices for communities in the Sahel and Democratic Republic of Congo.
    • The Kingdom of the Netherlands committed to a multi-annual partnership.
    • Norway announced a US$12.3 million commitment to the UNFPA Supplies Partnership over 2 years.
    • The Government of Spain announced a US$18 million commitment to UNFPA. 

    Other commitments include:

    • The European Union and Bill & Melinda Gates Foundation announced a partnership to design new innovative financing mechanisms to expand contraceptive and SRH access for women in low- and middle-income countries.
    • As a catalytic in-kind investment, HELP Logistics (Kühne Foundation) committed to bringing their expertise to UNFPA’s supply chain strengthening activities to help ensure SRH services reach those who need them most.

    A Smart Investment for Health, Prosperity, and Sustainable Development

    “When we invest in healthy women, we invest in a healthy world,” said Dr. Anita Zaidi, President of the Gender Equality Division at the Gates Foundation. “Family planning is a proven, high-impact intervention that not only saves lives but also fuels economic growth, makes societies more resilient, and advances gender equality. Investing in family planning can help unlock a brighter, more sustainable future for us all.”

    Increasing sexual and reproductive health financing pays off.  Globally, every US$1 invested in family planning yields more than US$8 in benefits for families and societies. Addressing the women’s health gap – in which they currently spend 25 per cent more of their lives in poor health compared to men – will boost the global economy by US$1 trillion by 2040. That amounts to an increase in per capita GDP of nearly 2 per cent every year. 

    A World Made Possible by Family Planning 

    Furthering the impact of today’s domestic financing announcements, the governments of the Kyrgyz Republic, Madagascar, and Nepal have ongoing commitments under FP2030 to expand access to family planning. FP2030 – a global partnership dedicated to putting family planning at the centre of global health, development, and gender equality – premiered a new video at the UN General Assembly featuring Nigerian football star Asisat Oshoala and former US Women’s National Basketball Association (WNBA) star and American business owner Renee Montgomery speaking to all that has been made possible by continued investments in family planning and SRH.

    “So much of our world has been made possible by family planning. By enabling more women to shape their lives and futures, family planning has helped women to finish their education, join the workforce, ascend to leadership positions, and achieve their dreams,” said Dr. Samukeliso Dube, Executive Director of FP2030. “The commitments made to family planning and sexual and reproductive health today will create limitless possibilities for women, for families, and for our collective future.”

    Investing in Family Planning and Sexual and Reproductive Health is Investing in the Future

    Today’s commitments represent a critical step towards ensuring universal access to SRH services. While the work is far from over, these commitments get us closer to closing the current and expanding financing gap.

    “There is no escaping the reality: even with the important pledges today, we still need to do more to ensure all women and girls have access to life-saving family planning when they want it,” said Sir Chris Hohn, Founder and Chair of the Children’s Investment Fund Foundation. “The shameful gap in funding for commodities and services must be met by strong domestic leadership – and sustained donor funding in service to country priorities. CIFF’s US$100 million investment in the WISH platform, on top of our US$100 million investment last year to end the commodity financing gap, is a demonstration of our commitment to prioritizing country-led solutions to ensure more women and girls can choose their futures.” 

    By unlocking sustainable financing and recharging political will for SRH, we can secure a healthier, more equitable world for future generations.

    Media contact:

     

    MIL OSI United Nations News

  • MIL-Evening Report: At 2.7%, Australian inflation is back within the RBA zone. Here’s why that matters

    Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

    Jeremy Ng/Shutterstock

    A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%.

    The dip below 3% puts the monthly measure of annual inflation back within the Reserve Bank’s target band of 2-3% for the first time since August 2021.

    The longer-running quarterly measure of annual inflation is also likely to be back within the 2-3% band when the September-quarter figure is released next month.



    The dramatically lower inflation rate puts Australia in the same league as the United States, whose inflation rate is 2.5%, and the United Kingdom, whose inflation rate is 2.2%.

    The US and the UK have inflation targets of 2%, meaning their inflation rates are still somewhat above target. Australia’s monthly measure of inflation is on target, close to the middle of the band.



    Electricity prices down 17.9%

    Inflation has been trending down since late 2022, as shown on the graphs, but the sharp drops in the past two months are largely due to electricity rebates offered by the federal and state governments.

    The rebates will be applied automatically to electricity bills in this and each of the next three quarters. A staged rollout means they hit bills in only Queensland and Western Australia in July and hit other states in August.

    The Bureau of Statistics says these rebates took 6.4% off the average national power price in July and a further 14.6% off in August.

    Household electricity prices were down 17.9% over the year to August. The Bureau of Statistics describes this as the largest annual fall on record.

    Also helping bring down inflation were lower petrol prices and cheaper public transport, aided by Brisbane’s pre-election six-month trial of 50 cent fares.

    The jump in the monthly measure to 4% in May, which had excited some commentators, now looks like a misleading blip.

    A takeaway is to be cautious in interpreting the less-comprehensive monthly indicator, as is the Reserve Bank, which puts it in small print at the top of its website under the quarterly index, which it headlines in big print.

    For what it’s worth, I am expecting the quarterly index to show annual inflation of 2.8% in the year to September, down from 3.8% for the June quarter.

    Governor Bullock isn’t impressed

    Reserve Bank Governor Michele Bullock says that at the moment she is paying more attention to the “underlying” rate of inflation, which looks through temporary measures such as subsidies.

    But the Reserve Bank’s preferred measure of underlying inflation, the so-called trimmed mean, also fell in August, to 3.4%, down from 3.8% in July.

    Australia’s weak economy – right now it’s the weakest outside of a recession – means the underlying measure of inflation is likely to continue to fall, unless the tax cuts that started in July have a big effect.

    Why do we target 2-3% anyway?

    Reserve Bank set its target of 2-3% inflation in the early 1990s without a lot of science. It was about where inflation was, close to the targets adopted by other countries, and was a range rather than a specific number in order to give the authorities some flexibility.

    But it happens to be a sensible target, as last year’s independent review of the Reserve Bank confirmed.

    The bank wants to target an inflation rate low enough to not be noticed much and to not much distort decisions.

    Evidence from Google searches suggests that when inflation is around the 2-3% range, people don’t much notice it, but when it climbs up to 4% or 5%, they notice it a lot and search for the word a lot.



    Although zero is (literally) a round number, zero inflation would be too low a target. It would mean deflation (prices falling) as often as not to balance out the prices that were climbing. Deflation is associated with recessions and poor economic performance.

    An inflation rate of 2-3% also allows some real wages to fall (because they can increase by less than the inflation rate), which can be useful in encouraging workers out of declining industries into ones that are expanding.

    In particularly bad times, the Reserve Bank might want to push interest rates down below the inflation rate. This is hard to do if the inflation rate is zero.

    In theory, there is a case for increasing Australia’s inflation target to about where inflation is at the moment, but if that happened, Australia’s inflation target and future inflation targets would have less credibility.

    And in any event, we are moving quickly back towards the target, and on Wednesday’s measure have already hit it.




    Read more:
    No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming


    John Hawkins was formerly a senior economist and forecaster in the Reserve Bank and the Australian Treasury.

    ref. At 2.7%, Australian inflation is back within the RBA zone. Here’s why that matters – https://theconversation.com/at-2-7-australian-inflation-is-back-within-the-rba-zone-heres-why-that-matters-237650

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Ernst Work to Fix FAFSA Fiasco for Farm Families Gains Support

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    WASHINGTON – In light of a new report revealing that it will take the Department of Education well into 2027 to complete the implementation of the new Free Application for Federal Student Aid (FAFSA), U.S. Senator Joni Ernst’s (R-Iowa) work to fix this fiasco for farm families is gaining momentum with the endorsement of 24 education and agriculture groups.
    After the new formula changed a farm family’s expected annual contribution to their child’s education from $7,626 to $41,056, Ernst’s bipartisan Family Farm and Small Business Exemption Act would reverse these changes that could reduce or even eliminate access to need-based student aid for farm families.
    “As students across the country filled up their backpacks and picked up their pencils to head back to school this fall, too many families were left out of accessing financial aid. Chalk it up to poor leadership from the Biden-Harris administration and a Department of Education that is out of touch with rural America!” said Ernst. “There can be no more delay for fixing the Biden-Harris FAFSA fiasco for next year. My solution would support farm families trying to responsibly finance their child’s education, instead of forcing them to sell off the farm. Class is back in session, and the Department of Education must turn their homework in on time so students don’t miss out due to bureaucratic bungling.”
    The new Government Accountability Office (GAO) report revealed major errors made during the so-called “simplified” FAFSA rollout that led to a 9% decrease in 2024 FAFSA submissions for high school seniors, including that:
    74% of incoming calls for support went unanswered in the first five months of the new form,
    Graduate students were being incorrectly informed that they are eligible for Pell Grants,
    It took families an average of five days to complete a form that the Department claimed would take 15-20 minutes, and
    Students who submitted a paper FAFSA did not receive confirmation for more than seven months.
    To end the series of fumbles, here’s what others are saying about Ernst’s Family Farm and Small Business Exemption Act:
    “On the heels of a year where FAFSA was neither ‘better’ nor ‘simpler,’ Iowa families are bracing for more delays, disruptions, and unintended consequences as a result of the 25-26 financial aid processing season. Federal Student Aid and Congress have failed to address key issues – such as how assets related to small business ownership and family farms are counted on the FAFSA – leaving many hard-working Iowans unsure if they’ll have the resources needed to pursue education and training after high school,” said Rob Miller, President of Iowa College Access Network. “And while much attention has been focused on the new December 2024 FAFSA release date, big concerns remain over FSA’s ability to quickly and correctly process the forms and share accurate data with colleges for packaging.” 
    “Students decided not to attend Iowa Central Community College this year due to the newly imposed family asset in the Student Aid Index used for financial aid. If they have to take out loans for their education, many of our students will go right into the workplace or start working on their family farm instead of pursuing a degree,” said Jim Kersten, Vice President of Government Affairs at Iowa Central Community College in Fort Dodge, Iowa. “We faced many challenges following these changes including FAFSA completion delays, students not having FAFSA results in time to make their college decision, schools unable to make financial aid offers, and FASFA corrections not made until August. In addition, some parents with multiple children reached out to ask why their aid was so different from what their older children had received in years past. Their income was basically the same, but they no longer qualified for need-based aid which includes work-study jobs and subsidized loan funds. I am so pleased Senator Ernst is working together in a bipartisan manner with Senator Tester and others to get this important legislation approved as soon as possible.”
    “The second straight year of declining farm income only highlights the problems with changes that were made to asset calculations in the FAFSA Simplification Act,” said Dustin Sherer, Director of Government Affairs at the American Farm Bureau Federation (AFBF). “There are land rich, cash poor farmers who made no money this past year, yet their children won’t qualify for federal financial student aid. AFBF appreciates Senator Ernst’s focus on trying to correct this problem.”
    “Farm Credit commends Senators Ernst and Tester for their bipartisan work to rectify an unintended consequence of prior legislation impacting agricultural families,” said Todd Van Hoose, President and CEO of Farm Credit Council. “It’s essential that we provide our farm and ranch families with the financial aid and resources they need to support the next generation of agricultural leaders.”
    Background:
    The FAFSA form is typically accessible to students on Oct. 1 of each year to allow ample time to submit financial information before state and school-specific deadlines for aid eligibility. However, due to incomplete planning measures, the Department of Education released last year’s version three months late, drastically condensing the timeline for families to submit for aid. To make matters worse, the late rollout came with additional challenges, including changes that could reduce or eliminate access to need-based student aid for farm families and small business owners.
    To ensure more Iowa families are not left out, Ernst has conducted critical oversight, demanded answers on behalf of agricultural communities, and worked to get input directly from impacted Iowans.

    MIL OSI USA News

  • MIL-Evening Report: Swing and a miss? Why golf in Australia is struggling to attract women and girls

    Source: The Conversation (Au and NZ) – By Michelle O’Shea, Senior Lecturer, School of Business, Western Sydney University

    kasakphoto/Shutterstock

    Prestigious Victorian golf club 13th Beach Golf Links, famed for award-winning courses and hosting the Victorian Open, has found itself in the middle of a controversy.

    In a bid to bolster membership, diversity and revenue, the club has introduced additional membership categories for women. These memberships form part of a dedicated campaign to get more women on the greens, following a member and board supported strategic plan to grow women’s membership from 18% to 30% by 2027.

    Despite the club’s commitment to gender representation, its status as a signatory to The Royal & Ancient Golf Club of St Andrews (R&A)’s Women in Golf Charter and recognition as a 2023 Visionary of the Year by Golf Australia for its “whole-club approach to gender equity”, support among some members remains wanting.

    A stunt that made waves

    Controversy erupted at 13th Beach after its new women’s memberships were launched.

    One male member, wearing a blonde wig and skirt, was captured approaching club staff to inquire about the new women’s membership options, remarking:

    I’m identifying as a female now and I’m just about to inquire about the new membership deal.

    The male member, and two others who filmed and shared the footage, were temporarily suspended from the club.

    A key element to the controversy is the discounted membership compared to male golfers.

    After the stunt, some men and women claimed:

    [The club] openly discriminates against males […] it is both fair and just for female members to pay the same subs as their male counterparts, as equality is a fundamental principle that we should uphold.

    However, this statement conveniently denies the sport’s current and past issues with gender, race and class.

    Historical and current barriers

    Globally year-on-year, the growth of male golf participation outnumbers women, with women making up 23% of adult registered golfers worldwide.

    In Australia, golf participation rates continue to rise. Among women and girls, Golf Australia reported a near 13% increase from 2022–23.

    Despite this rise, access issues and barriers to full participation for women and girls run deep.

    A lack of visibility of female golfers can reinforce stereotypes of golf as a men’s game, while women can struggle with amenities and equipment designed for men.

    Golf is steeped in gendered, raced and classed exclusion, and was traditionally a sport for men of similar social standing.

    Women were confined to secret games or putting activities, away from the “real” golf played by men.

    Women were banned from golf’s spiritual home, St Andrews in Scotland, for 260 years – until a 2014 vote when female membership was finally permitted.

    Two years earlier, premier United States course Augusta National welcomed its first women members.

    Golf Australia is trying to attract more women and girls to the sport.

    An uneven playing field

    Despite recent improvements, women’s golf participation and membership access frequently remain conditional.

    Traditionally in Australia, women and girls have been restricted to “associate” or “lady” memberships – which often have lower status and fewer benefits.

    Course access can also be problematic, with Saturdays often reserved for male players.

    At many Australian clubs, Tuesdays are often referred to as “ladies day” which assumes women don’t have work or other commitments.

    A poster on the Reddit forum, r/WomenGolf, has queried the different options for men and women’s golfers.
    Reddit

    Women members are often allotted less popular tee times while overall, some club cultures can render golf courses chilly climates for women.

    Being scrutinised and surveilled on the greens by male golfers is reported by women as a barrier – feelings of hyper-visibility, being mocked for their play and their bodies frequently undermines women’s enjoyment.

    At the professional level, while the women’s game is increasing in prize money, media coverage and sponsorship, there is still significant room for change.

    For female professional golfers, research also highlights a male-dominated and “sexist environment”.

    Inclusivity is good for everyone

    In a bid to increase participation among more diverse groups, Golf Australia is inspiring people to “go play and enjoy golf in their own way”.

    As part of its “own way campaign,” programs have been designed for seniors, women and disabled players.

    Recognising how differences such as race and culture shape golf participation, more community-facing programs are targeting improved diversity.

    Off the greens, golf leadership and administration is also under the spotlight.

    Including women’s voices in decision making is key to realising meaningful change – research clearly finds boards with diversity of thought and representation perform better.

    Beyond the important inclusivity debates, there are clear commercial reasons to enable women’s participation.

    Very recent industry research states there are an estimated 36.9 million latent women golfers around the world, and this group may be worth up to US$35 billion (A$51 billion) to the golf industry should they take up the sport more permanently.

    Golf has a lucrative opportunity.

    Valuing and enabling diversity in all areas should fill the coffers and genuinely position golf as a sport for all.

    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. Swing and a miss? Why golf in Australia is struggling to attract women and girls – https://theconversation.com/swing-and-a-miss-why-golf-in-australia-is-struggling-to-attract-women-and-girls-239202

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: The capital will host the second Moscow Forum of Volunteers in the Sphere of Health Protection

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The second one will take place in the capital Moscow Forum of Volunteers in the Sphere of Health Protection. It will be held on October 14 and 15 at the address: Pokrovsky Boulevard, Building 11, Building 6 in the cultural center of the National Research University Higher School of Economics (HSE). Volunteers will help with its implementation.

    The forum will bring together the expert community, volunteers and citizens interested in the topic of assistance in the field of healthcare. Participants will be able to attend master classes, tours of medical institutions, as well as volunteer networking and a first aid simulation theatre.

    “Today, more than 14.2 thousand people are developing volunteerism in the field of health protection with us. This direction is open and can be interesting not only to people with medical education, it is multifaceted and very important. This year, the forum will become a meeting place for all those who share the values of medical volunteering and will be dedicated to issues of strategic development of the community and will unite more than 600 people,” said Alexander Levit, director of the Mosvolonter resource center.

    The First Moscow Forum of Volunteers in the Sphere of Health Protection passed in 2023. More than 600 people took part in it.

    The forum was organized by the Mosvolonter resource center, the Moscow regional branch of the All-Russian public movement Volunteers-Medics with the support of Committee for Public Relations and Youth Policy of the City of Moscow.

    Public Speaking and Lean Techniques

    On the first day, the forum will feature representatives of Moscow non-profit organizations (NPOs), medical organizations, universities, and experienced volunteers in the field of health care. Business and educational programs will be aimed at acquiring cross-professional skills for productive teamwork and community development in 2025.

    Leaders of educational organizations and socially oriented NPOs, together with the team of the youth council of the Moscow City Department of Health (DZM), will take part in a team session “Sonatuning” on managing and forming effective teams with the opportunity to exchange experiences and build social connections.

    In addition, forum participants will attend master classes on creating media content, public speaking, professional medical communication skills, and the implementation of lean technologies in project work.

    The exhibition area will feature various organizations that develop medical volunteering. Special attention will be paid to formats of volunteer assistance to patients, as well as issues of first aid in emergency situations.

    The program also included a strategic session of youth councils of the capital’s Department of Health, a partnership meeting for new and experienced NGOs and commercial organizations, as well as with volunteer centers of the city’s medical universities, and a round table with representatives of medical colleges on the development of volunteer work in the field of health care.

    Sobyanin: City grants help NGOs implement socially significant projectsFrom food to temporary accommodation: how Moscow NGOs help residents of border areasTheory, practice and internship: how to learn first aid in an NPO

    Tours of the history of social work in Russia

    On the second day of the forum, events will be held where everyone will be able to learn about areas of volunteer work in the field of health protection.

    From 12:00 to 13:00 there will be a tour of the N.V. Sklifosovsky Research Institute of Emergency Care. It will be conducted by Marina Kramskaya, winner of the “Best Guide of Russia” and “Best Guide of Moscow” competitions. Participants will learn the history of one of the most popular hospitals in the country. The acquaintance will begin with a story about the hospice of Count Sheremetev, or the Sheremetev Hospital.

    From 15:00 to 16:00 and from 16:00 to 17:00, participants will be given tours of the Russian Red Cross Museum. Visitors will learn about its history, priority areas of activity, and the modern development of the movement. In addition, a visit to the organization’s training center is planned.

    Muscovites also have the opportunity to attend the excursion “Saving Lives Every Day” from 15:00 to 16:00, which will be held at the A.S. Puchkov Emergency and Urgent Medical Care Station. Doctors will show the heart of the station – a single city dispatch center, where calls are received from all over the city. Tour participants will learn about the distribution of calls to substations, and will see the work of the medical evacuation department.

    During the excursion “The Journey of Donor Blood” at the Blood Center of the Federal Medical and Biological Agency of Russia, participants will be treated to a visual story about the journey blood takes from blood transfusion stations to the recipient.

    On the excursion “Anatomy of Modernism” at the Russian National Research Medical University named after N.I. Pirogov, participants will study the architectural complex of its buildings, history, facts about Soviet modernism and how monumental art can inspire. Together with university staff, guests will visit the classrooms where students study.

    Master classes, board games and a project to help patients in children’s hospitals

    You can immerse yourself in practical cases close to real emergency situations in the city in the first aid simulation theater. Using special equipment to simulate real incidents, instructors will show how to act in order to provide first aid promptly and correctly. Guests themselves will become theater actors and take part in saving lives on the site of the medical simulation center of the Botkin Hospital.

    From 10:00 to 15:00, the HSE Cultural Center will host the program “Be an Example for Everyone.” People of different ages and professions will be able to try their hand at volunteer work in the field of healthcare. You can join master classes on making blankets for premature babies, tactile bags, cards and pillows for patients, “Morse Code” bracelets, and on making clay heart keychains.

    In addition, everyone will have the opportunity to communicate in an informal setting during board games and join the project to help patients of children’s hospitals “For the Little and the Brave”. To do this, you need to bring new, tagged toys, books and board games to children who are undergoing treatment in the capital’s hospitals.

    You can join the team of volunteers in the field of health protection on the website of the resource center “Mosvolonter”.

    You can find out more about volunteering on the page “VKontakte” resource center “Mosvolonter” and in the telegram channel.

    Watch of Good Deeds: How the Work of the Capital’s Humanitarian Aid Collection Headquarters is OrganizedExchange of experience and launch of new projects: a new volunteer center has opened in MoscowOnline: what courses are available to city residents on the Mosvolonter website

    Organizing volunteer activities and involving young people in city events correspond to the objectives of the national project “Education” and the federal project “Social Activity”. More information about this and other national projects implemented in the capital, you can find out here.

    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.mos.ru/nevs/item/144426073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Why and how are welded seams on gas pipelines in the capital checked

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Specialists from the Moscow City Services Complex checked more than 16.5 thousand welded joints on gas pipelines. Almost 12 thousand of them were examined using X-ray flaw detection, and the remaining 4.8 thousand were examined using ultrasound.

    The ultrasonic flaw detection method is based on recording the vibrations of ultrasonic waves. They are reflected from the surfaces of gas pipelines, including weld defects, and a special device shows deviations in real time. For X-ray flaw detection, appropriate installations are used: the rays pass through the metal, and the quality of the connections is recorded on film or digital media.

    During the inspection, specialists of JSC Mosgaz use advanced technologies, including self-propelled crawler systems with X-ray machines and highly sensitive film. The inspection results are available immediately on site thanks to a mobile laboratory built on the basis of KamAZ – the company’s own development.

    The use of modern technologies allows us to identify even the most minor defects that are invisible to the human eye, thereby ensuring the reliability and safety of gas pipelines throughout their entire service life.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/144408073/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI New Zealand: Northland News – Consent granted for 172-hectare Bream Bay solar farm

    Source: Northland Regional Council

    Independent hearings commissioners have granted an application by Meridian Energy Limited (MEL) to build a multi-million dollar 172-hectare solar farm across three sites at Marsden Pt, Ruakākā.
    The company had applied to the Northland Regional Council for resource consents for earthworks, associated stormwater diversion and discharges and vegetation clearance for the farm. (Land use consent for the solar farm was granted by the Whangarei District Council in February this year.)
    The application also proposed the creation, enhancement and restoration of 18.86ha of wetland across the three sites to offset the permanent removal of 17.06ha of wetlands.
    The application was lodged in September last year and publicly notified in March, attracting 12 submissions; two in support and 10 opposed. It was heard by commissioners David Hill (Chair) and Sheila Taylor over two days in Whangarei last month. (Subs: August 05 and 06).
    In their recently released decision granting the requested consents for 35 years, the commissioners said MEL had been looking for an opportunity to establish a solar farm in Northland to improve the resilience of both regional and national energy supply.
    “This culminated in the purchase of three sites at Marsden Point, and the consenting and construction of a Battery Energy Storage System (BESS) on the northern-most site (corner Rama Road and SH15) as the first stage of the Ruakākā Energy Park.”
    Two hundred thousand solar panels would be installed to construct the 100-150MW farm which would produce 150-200GWh of electricity annually.
    In their decision the commissioners said the national and regional electricity generation benefits were not disputed.
    They found that “after having regard to the actual and potential effects on the environment of allowing the proposed activity, and taking into account the relevant statutory provisions, we find that consent for the proposed activities should be granted…”.
    “The adverse effects of the activity, when considered in the round and with the mitigation proposed and positive effects accounted for, will be minor.”
    The commissioners said the activity of the specified infrastructure was not contrary to the objectives and policies of the relevant plans.
    “The proposed activity is broadly consistent with the provisions of the relevant statutory documents and, with the conditions imposed, will avoid, remedy or mitigate as required the adverse effects that might otherwise be created.”
    The commissioners’ decision is now subject to appeal for 15 working days.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Greenpeace – Camera roll-out a win for the ocean, now needed for full fleet

    Source: Greenpeace

    Greenpeace says the continued roll out of cameras on boats announced today is a win for ocean health and environmentalists, who have been campaigning for greater fishing industry accountability for decades – but says it now must also extend to the full fishing fleet.
    Oceans & Fisheries Minister Shane Jones, who has repeatedly opposed the cameras on boats programme, takes campaign donations from the industry, and positioned himself as a “champion of industry”, has today announced that cameras will continue to be fitted to the remaining inshore commercial fishing fleet.
    Greenpeace Aotearoa executive director Dr. Russel Norman says, “Cameras on boats are our eyes at sea, helping to keep the fishing industry accountable, and giving us a clear picture of how commercial fishing impacts the ocean. We know that when cameras go on boats, reported captures of marine life like dolphins and seabirds increase.”
    The rollout of cameras on the first 127 boats led to a seven-fold increase in industry reports of dolphin capture, a 3.5 times increase in reports of killing albatrosses and an almost 50% increase in the reported volume of fish dumping.
    Says Dr Norman: “The initial rollout to 127 vessels led to new regulations to protect seabirds from being killed by commercial fishing boats.
    “Cameras work, and help protect ocean biodiversity. Getting them rolled out on boats is the result of decades of campaigning and public pressure. This announcement today shows that environmental NGOs like Greenpece can win even when faced with a Government and Minister engaged in an all out War On Nature.”
    But Dr. Norman says that the camera programme must now be rolled out to the full fleet, including deep sea bottom trawling boats, whose large weighted nets catch and kill marine life, including fur seals, dolphins and coral. A report released last year, showed that commercial fishers pulled up nearly 200 tonnes of coral over a 13 year period with 99% of that ‘bycatch’ caused by bottom trawling.
    Greenpeace is also concerned that the announcement included changes to fish dumping regulations, whereby commercial fishing companies would no longer be required to land all the sea creatures they kill in their nets.
    “The current discard rules provide strong incentives for fishing companies to minimise the sea creatures killed by their operations, because they have to land them rather than dump them overboard.”Catching and killing and then discarding fish, sharks, rays and so much more is wasteful and damaging to the marine ecosystem. If the fishing industry catches these animals, they should not be allowed to just dump them.”

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: Result of tender of People’s Bank of China RMB Bills held on September 25, 2024

    Source: Hong Kong Government special administrative region

    Result of tender of People’s Bank of China RMB Bills held on September 25, 2024
    Result of tender of People’s Bank of China RMB Bills held on September 25, 2024
    *******************************************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     Result of the tender of the People’s Bank of China RMB Bills held on September 25, 2024: 

    Tender Result

    *************************************************************************

    Tender Date
    :
    September 25, 2024

    Bills available for Tender
    :
    Six-Month RMB Bills

    Issuer
    :
    The People’s Bank of China

    Issue Number
    :
    BCHKFP24016

    Issue Date
    :
    September 27, 2024

    Maturity Date
    :
    March 28, 2025 (or the closest coupon payment date)

    Application Amount
    :
    RMB 59,301 million

    Issue Amount
    :
    RMB 25,000 million

    Average accepted Coupon Rate
    :
    1.45 per cent

    Highest accepted Coupon Rate(Bills’ Coupon)
    :
    1.55 per cent

    Lowest accepted Coupon Rate
    :
    1.00 per cent

    Allocation Ratio (At Highest accepted Coupon Rate)
    :
    Approximately 71.67 per cent

     
    Ends/Wednesday, September 25, 2024Issued at HKT 12:47

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Security: Director Rachel Rossi Delivers Opening Remarks at the World Affairs Council’s “From Local to Global: Justice Reform & Community Engagement in the United States and Ukraine”

    Source: United States Attorneys General 7

    Remarks as Prepared for Delivery

    Thank you, Fraser, for that kind introduction and thank you to the World Affairs Council for organizing this panel. A big thank you to Jared Kimball and our colleagues with the Criminal Division’s Office of Overseas Prosecutorial Development, Assistance and Training (OPDAT) for inviting the Office for Access to Justice to partner in this engagement.

    It is an honor to be here in the company of distinguished representatives from Ukraine and Seattle – to learn about their respective community prosecution efforts and to think more deeply about the prosecutor’s role in ensuring equal access to justice for all.

    I must first acknowledge and applaud the Ukrainian Prosecutor General’s Office for its pursuit of community driven approaches to prosecution – especially during such a complex and devastating time.

    Roman Shpyrka is here with us from the Office of Ukraine’s Prosecutor General with a number of his colleagues. Roman – thank you and your team for being here and for all you are doing in the face of unimaginable challenges. We are honored to stand with you as Ukraine plans for a future grounded in the rule of law.

    While our circumstances are quite different, through our collaboration we have seen that that community driven approaches to prosecution align with the mission of equal access to justice for all.

    Achieving “access to justice” requires that all communities can equally access public safety and the promise of justice. This requires equal enforcement of laws, but it also requires us to intentionally dismantle barriers many continue to face, to accelerate innovative strategies and to safeguard the integrity of our legal systems, so that justice doesn’t depend on income, status, who you are or where you live. This, in turn, promotes trust in the rule of law.

    This is the mission of the Office for Access to Justice. As a stand-alone federal office, we are housed within the Justice Department – the United States’ leading federal prosecuting agency – because closing access to justice gaps for all is central to the pursuit of justice.

    Attorney General Merrick B. Garland underscored the importance of our mission in quoting former Attorney General Robert F. Kennedy who stated, quote “It must be our purpose … to insure that the department over which I preside is more than a Department of Prosecution and is in fact the Department of Justice.” Attorney General Garland further stated: “We are responsible not only for enforcing the law, but for upholding the Rule of Law. We are responsible for protecting civil rights and pursuing justice for all Americans.”

    As prosecutors stand at the forefront of this pursuit of access to justice, community prosecution strategies incorporate a multi-dimensional approach.

    First, this mission requires consistent engagement with the community. We’ll soon hear more about prosecutorial strategies to engage and collaborate with community members and community-based organizations in a variety of innovative ways.

    And it is with this commitment that our office is working to ensure engagement advances culturally responsive approaches, including for communities that don’t speak or write English. Through our Language Access Program, we have partnered with 38 United States Attorneys’ Offices and 24 other Justice Department offices to translate public-facing materials, include webpages, complaint forms and more.

    We’ve also launched the Access DOJ initiative, to make the Justice Department’s programs and services more efficient and accessible. And we lead the Federal Government Pro Bono Program, assisting federal prosecutors and government employees across the country to engage with communities by volunteering to provide pro bono legal help.

    Prosecutors can also support access to justice by supporting access to counsel for the accused. A robust public defense function helps to ensure the integrity of convictions and that due process rights are protected – central elements to the pursuit of justice. Just last year, our office launched a Public Defense Resource Hub for professionals providing public defense services and related organizations. And we recently partnered with the Federal Bureau of Prisons to conduct a first-of-its-kind comprehensive review of access to counsel in federal pretrial facilities.

    Prosecutors can further pursue equal access to justice through the development of and support for innovative approaches to ensuring justice. For example, our office is supporting leaders across the country who are moving away from the reliance on fines and fees to promote economic justice. We recently published a spotlight report to uplift promising practices across the country, including those lead by prosecutors, to reduce these economic burdens faced by low-income communities.

    And over the last year, our office, led by my colleagues Jarvis Idowu, Jesse Bernstein and Lauren Lambert, has joined OPDAT to support the exchange of knowledge by organizing virtual sessions with Ukraine and U.S. prosecutors and experts from around the country to uplift a variety of innovative prosecutorial strategies.

    Topics have included youth justice, trauma-informed victims and witness engagement, community-based alternatives and partnerships, diversion programs and specialty courts, bail and pretrial detention, restorative justice, data-driven strategies and working with internally displaced persons and the veteran community.

    This week, we’re thrilled to learn more about the innovations driven by the King County Prosecutor’s Office — like their focus on access to justice for those struggling with addiction through LEAD, a community-driven partnership to direct people engaged in low-level drug activity into evidence-based, intensive wrap-around services.

    Finally, prosecutors pursue access to justice through efforts like this one today, to share best practices and engage with our partners at home and abroad. Our office proudly supports U.S. implementation of UN Sustainable Development Goal 16, focused on access to justice. We serve as the U.S. authority on access to justice internationally, like at the U.N. Crime Commission and the Cross Border Crime Forum, centering the importance of access to justice as we tackle complex cross-border criminal issues and pursue strengthened democracy and rule of law globally.

    Prosecutors carry a heavy burden and awesome privilege to pursue public safety. They regularly stand with those experiencing our society’s worst violence, trauma and unimaginable harm. They lead the charge to safeguard the integrity of the criminal justice process, advance community collaboration, uphold civil rights, protect due process and pursue the promise of access to justice for all. And in Ukraine today, it is undeniable that this burden has only become more complex and difficult.

    We’re impressed by the dedication of our colleagues, both here in Seattle and abroad in Ukraine to these principles. The Office for Access to Justice looks forward to continued collaboration as we stand shoulder to shoulder with you in this critical mission. Together, we can increase community trust and strengthen the rule of law. I’ll now turn it over to our moderator, and former King County Prosecuting Attorney, Dan Satterburg.

    MIL Security OSI

  • MIL-OSI Economics: Verizon Business and SK Shieldus team up to bolster cybersecurity offerings

    Source: Verizon

    Headline: Verizon Business and SK Shieldus team up to bolster cybersecurity offerings

    SEOUL – Verizon Business and SK Shieldus have agreed to collaborate to deliver cybersecurity solutions to South Korean and Asian enterprises operating on a global scale. This strategic relationship will leverage Verizon Business’ extensive global reach and SK Shieldus’ deep-rooted expertise to provide comprehensive, world-class protection addressing the unique needs of Asian businesses.

    By combining their strengths in real-time threat intelligence, vulnerability assessment, incident response, and managed security services, Verizon Business and SK Shieldus aim to empower enterprises to confidently navigate the complex global threat landscape, safeguarding their operations and assets worldwide.

    Verizon Business works with 99% of Fortune 500 companies and governments worldwide and offers a suite of management and data security services. The company operates nine Security Operations Centers, six forensics labs and one of the largest IP networks in the world, monitoring 61 billion security events annually. In addition, Verizon’s investigative response team boasts more than 400 security experts and conducted 500+ IT investigations in 2023.

    “South Korea boasts one of the largest and most advanced economies in the world, and SK Shieldus has developed world-class cyber security capabilities in this market. We’re pleased to be working with them to enable businesses to further navigate the complexities of the digital landscape with confidence and resilience,” said Robert Le Busque, Regional Vice President for Asia Pacific at Verizon Business Group.

    Headquartered in South Korea, SK Shieldus is South Korea’s largest security services provider with a comprehensive suite of offerings, including physical security, security monitoring, consulting, system integration, solution supply, and operations. SK Shieldus was formed in 2021 following the merger of SK Infosec and ADT Caps. As a result, this integrated security provider, with physical and cybersecurity capabilities, has positioned itself as an industry leader by offering comprehensive security services. These services include security monitoring, consulting, system integration (SI), security solution supply, and security operations. With a customer base of over 1,800 across public, financial, and corporate sectors, including affiliates of the SK Group.

    SK Shieldus Chief Executive Officer, Dr. W.P. Hong stated that ‘Verizon is one of the world’s biggest technology providers with strong cyber capabilities. With the synergies and our capabilities in the Korea market, we will further strengthen cyber security capabilities for our customers in the market. As No.1 cyber security provider in Korea, we will utilise this collaboration to service our clients in Asia and globally’.

    To learn more about Verizon Business’ cybersecurity portfolio, visit https://www.verizon.com/business/en-sg/products/security/ .

    MIL OSI Economics

  • MIL-OSI Russia: Sobyanin: Lomonosov Cluster Plays Leading Role in Import Substitution Development

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The need for import substitution has become one of the drivers for the development of Moscow production. Work in this direction was discussed by in his blog Sergei Sobyanin.

    “Our comprehensive business support system is designed to provide all necessary assistance to new developments and production of domestic products. The leading role in this matter is given to

    cluster “Lomonosov”, the operator of which is Moscow Innovation Cluster“, the Mayor of Moscow wrote.

    The new building of the scientific valley of the Moscow State University named after M.V. Lomonosov has allowed to unite the most promising innovations of the capital. All necessary conditions for the operation of high-tech productions have been created here.

    More than 60 companies have become residents of the cluster since 2023. They develop high-tech solutions for the medical, space, oil and gas, food and other industries.

    More than two thousand people are employed in production. The enterprises’ revenues exceeded 11 billion rubles last year. They have access to support from the entire innovation ecosystem of the capital, including the “Academy of Innovators” – one of the most successful projects of the capital Department of Entrepreneurship and Innovative Development, which helps develop projects from an idea to a startup.

    Powerful controllers, efficient filters and software for pharmaceuticals

    The developments of the residents of the Lomonosov cluster successfully compete with both domestic and foreign analogues.

    For example, the company “Adaptto” produces controllers – electronic devices for controlling the electric drive of vehicles. Compact and functional devices are two to four times more powerful than similar imported devices. They are used in all types of electric transport (in land, air, water transport), as well as in industry (fans, elevators).

    The company plans to complete new developments in the near future. These include a three-in-one unit (controller, inverter, gearbox) for electric vehicles and hybrid power plants.

    “Pharmaceutical and microelectronic production requires a particularly clean air environment – there literally shouldn’t be a speck of dust in the room,” noted Sergei Sobyanin.

    Aerolife specialists have developed a fundamentally new type of filters. Innovative filters allow achieving the highest level of purification according to class U15. Air is purified by 99.9995 percent with a size of polluting particles greater than 0.1 micrometer. The products have no analogues in Russia, and imported ones are inferior in such characteristics as dust capacity and energy efficiency.

    Aerolife systems are used at microprocessor manufacturing plants in Zelenograd, in the development of new drugs at institutes of the Russian Academy of Sciences, in the production of vaccines at the N.F. Gamaleya National Research Center for Epidemiology and Microbiology (NRCEM), and at more than 20 pharmaceutical companies.

    Serial production of new filters has been launched in the Mosgormash technology park. This year, the company plans to triple its capacity.

    The Simurg computing platform, created by Simurgpharm, is the first drug development software in Russia. It can be used to analyze and predict preclinical and clinical data during drug planning and testing.

    The use of such mathematical models is a mandatory condition for registering new drugs. The platform is registered in the register of domestic software. It was tested jointly with specialists from the companies “Alpharma”, “Biocad” and others and is actively used in educational programs of the First Moscow State Medical University named after I.M. Sechenov and the Scientific and Technological University “Sirius”.

    Wireless communications, seismological equipment and protective coatings

    INWAVE (OOO Microwave Electronics) is a leading domestic manufacturer of control and measuring equipment, wireless communications and antenna systems. Wireless communications solutions include broadband access, radio relay and satellite communications.

    “The company’s technologies are successfully used in the development and production of various radio-electronic products, such as onboard equipment for space systems. Over the past year, with the support of the city, the company has increased its production capacity and is also planning to improve the line of control and measuring equipment, introducing new technologies and materials, which will improve the characteristics and reliability of the products,” the Mayor of Moscow said.

    The Split company produces a hardware and software complex using SplitMultiSeis technology. The system helps to conduct high-quality seismic research on land and at sea. It is used to solve engineering and geological problems, for example, when developing offshore fields or in transition zones. With the help of the complex, more than 100 projects have been implemented in the Arctic seas of Russia, the Black, Caspian, Baltic, Japanese seas, Onega and Ladoga lakes, Lake Baikal and others.

    OOO TSZP develops and implements technologies for surfacing and spraying multifunctional protective coatings from metals, ceramics and metal ceramics. Such coatings allow to extend the service life of products by three to four times, reduce the costs of major repairs by 30 percent and increase the interval between repairs of equipment, as well as provide a sufficient reserve of time for technical re-equipment of enterprises.

    “Innovative technologies for repair and strengthening of hot gas path elements of turbines from General Electric, Siemens, Ansaldo and others, which have successfully replaced foreign analogues, play a major role in import substitution. Over the past year alone, about 300 gas turbine parts have been restored for Moscow enterprises, and five research projects have been conducted to create import-substituting technologies,” wrote Sergei Sobyanin.

    The company’s customers include enterprises in the energy, oil, gas, oil refining, metallurgy, shipbuilding, aircraft manufacturing and other industries.

    Sergei Sobyanin: The Lomonosov Cluster has united the best innovators of the capital

    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.

    https://vvv.mos.ru/major/themes/11748050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Submissions: Economy – GlobalData outlines strategies adopted by businesses to minimize the impact of inflation

    Source: GlobalData

    Inflation remains a significant concern for economies globally, with some experiencing moderation while others facing persistently elevated levels. This disparity has led companies to reevaluate their strategies to mitigate inflation’s effects. Companies across industries are taking decisive steps to deal with the pressure emerging out of these challenges, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Company Filing Analytics Database reveals the various action plans of companies to tackle inflation or minimize its impact on margins in their respective filing documents.

    Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “While some companies are seen to be keen on covering inflation with pricing actions, some are focused on cost management. Meanwhile, some companies are considering reducing the pressure on their lower-end customers as inflation begins to ease.”

    Alimentation Couche-Tard Inc believes that inflation is beginning to ease and interest rates are expected to be lowered in the coming months. The company hopes this will lessen some pressure on the lower-end customers. The Canada-based Convenience store company is also working to provide customers with value and ease inside stores and on forecourts.

    Darden Restaurants Inc revealed its attempt to minimize the annual effects of inflation through appropriate planning, operating practices, and menu price increases. The filing documents reveal that some of the impacts of the inflation have been offset by menu price increases and other adjustments made during the year.

    Bio-Techne Corp discussed its plan to fund all new investments with productivity initiatives and cover inflation with pricing actions. Hewlett Packard Enterprise Co expects the pricing to remain competitive, which might impact the company’s financial results. The information technology company plans to mitigate the impact of these dynamics through disciplined cost management.

    Haier Smart Home Co Ltd revealed in its latest report that the company strengthened its supply chain and distribution network, enhanced its high-end product lineup, and increased price indices to achieve 9.9% revenues growth in South Asia, 12.4% in Southeast Asia and 26.8% in Middle East & Africa in the first half this year.

    Singh concludes: “As businesses navigate these pressures and try to maintain profitability it requires a careful balance between cost management, market development, and portfolio diversification. Companies will need to stay agile to adapt to the ongoing economic uncertainties and the evolving inflationary landscape.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News

  • MIL-OSI New Zealand: Former model loving studying at EIT | EIT Hawke’s Bay and Tairāwhiti

    Source: Eastern Institute of Technology – Tairāwhiti

    3 mins ago

    Shona Clarke, 24, is currently enrolled in the NZ Certificate of Study and Career Preparation (Hauora | Nursing/Health Pathway) (Level 4).

    A former model, who moved to Hawke’s Bay from South Africa to be close to family, is loving studying at EIT.

    Shona Clarke, 24, who appears in this year’s EIT brand campaign,  is currently enrolled in the NZ Certificate of Study and Career Preparation (Hauora | Nursing/Health Pathway) (Level 4), and hopes to study for the Bachelor of Nursing next year.

    Having arrived in Hawke’s Bay from Durban at the beginning of the year, Shona decided to follow her brother, Austin, to  EIT’s Hawke’s Bay campus. Austin is currently pursuing the Bachelor of Business (Accounting). Having always had an interest in health and science, Shona enrolled in the NZ Health and Wellbeing (Level 3) programme, which she completed in June.

    She says that she found the programme “amazing”, especially placements at Graceland Rest home in Hastings and at Kōwhai Specialist School.

    “I absolutely loved it. I got to work at Graceland, which was phenomenal, but I found the love that I had for children when I did my five-week placement at Kōwhai.”

    “And then I started meeting people in the industry, and that’s how I got involved in the holiday programme at the Havelock North High School Special Needs Unit. I think I’d go into that field for sure if I wasn’t so set on the fact that I wanted to be a nurse.”

    It has been a long and varied journey for Shona who went to school in Durban, South Africa.

    “I actually came out of school and went straight into working. And six years later, I’ve decided that I’m going to study something.”

    “After school I did modelling full-time and I worked with Suncoast Casino for four years, part of their marketing team. I also modelled in Dubai for a year.”

    Some of her modelling work included brand work for Bonds, a photo shoot for Dubai Tourism and a shoot imitating Margot Robbie before the release of the Barbie movie.

    Studying at EIT is a far cry from an international modelling career, but Shona says it was a simple choice for her.

    “It was my career until my family moved here. And then I thought: ‘I’m going to move over with my family because I’m family oriented. I just want to be with them’. And then when I moved over, I said, I’m going to change my career path.

    She says that it was an easy decision to study at EIT

    And now in the Study and Career Preparation (Hauora | Nursing/Health Pathway) (Level 4) programme, Shona is glad that she made the choice.

    “ I’m absolutely loving it, because of all the science-based parts of it.”

    “That is what I think I will enjoy most about nursing, is learning about the human body, learning about how everything works, how to treat everything. It’s very interesting. I’m thoroughly enjoying it, and getting really good marks.”

    Shona says returning to study after having worked full-time for so long took some adjustment.

    “I think I fitted in quite easily with the people, but the going from working full-time, having independence, and having my own life, to going back to full-time studying, working part-time, not being fully independent, that’s a big change for me.”

    For now Shona is focused on finishing the programme and hopefully starting the Bachelor of Nursing, which she will apply for later this year.

    She is hoping to have a long career in nursing and is interested in paediatrics, surgical or even oncology, because she has had family members who have had cancer.

    As for EIT, Shona has no hesitation in recommending it as a place to study.

    “I know I’m an international student, but the support that I have felt from EIT has been amazing. And I felt so included in everything that I’ve been a part of so far, from the photoshoot for the billboards to meeting new people.”

    Les Blair, EIT Health and Wellbeing Team Leader and Verena Lyons, EIT Health and Wellbeing Team Member, say that “Shona has been an enthusiastic, bubbly student who formed positive relationships with everybody.”

    “She made the most of every opportunity offered to her and we wish her well in her study journey.”

    MIL OSI New Zealand News

  • MIL-OSI Translation: Meeting of the Council of Ministers on 25 September 2024

    MIL OSI Translation. Timor-Leste Portuguese to English –

    Presidency of the Council of Ministers

    Spokesperson for the Government of Timor-Leste
    ……………………………………………. ……………………………………………. …………………….

    Press release

    Meeting of the Council of Ministers on 25 September 2024

    The Council of Ministers met at the Government Palace in Dili and approved the draft Government Resolution, presented by the Minister of the Presidency of the Council of Ministers in office, Adérito Hugo da Costa, and by the President of the Civil Service Commission, Agostinho Letêncio de Deus, which sets the vacancies for the promotion of personnel integrated in the General Regime of Public Administration Careers for the year 2024.

    Of the total of 817 vacancies for promotion established by this Government Resolution, 47 are for the category of Senior Technician – Grade A, 122 for Senior Technician – Grade B, 188 for Professional Technician – Grade C, 234 for Professional Technician – Grade D, 149 for Administrative Technician – Grade E and 77 for Assistant – Grade F.

    Vacancies for promotion are set annually by the Government, based on a proposal from the Civil Service Commission, up to a limit of ten percent of the total staff in each category or professional group.

    *****

    An initial assessment was made of the initiative to create a seniority-based promotion system for civil servants, also presented by the Presidency of the Council of Ministers and the Civil Service Commission, concerning. This initiative aims to ensure career progression for those who, for various reasons, have not been able to obtain merit-based promotions in recent years, based on criteria such as seniority, performance, age, professional training, work in remote areas, good behaviour and attendance.

    *****

    The Secretary of State for Equality, Elvina de Sousa Carvalho, made a presentation to the Council of Ministers on the implementation of the gender equality policy and the recommendations of the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW). The Third Phase of the Maubisse Declaration (2023-2028) was also presented, which follows on from the previous phases, focusing on the economic empowerment of rural women and people with disabilities. This phase is aligned with the priorities of the IX Constitutional Government and the recommendations of the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW).

    The main commitments of this phase are organised into three areas: Social Capital, which covers social protection, inclusive education and health care, with a focus on preventing gender-based violence and improving maternal health care; Infrastructure, which promotes access to safe and accessible markets, the development of roads, sanitation and adapted public buildings, with a focus on inclusive public transport; and Economy, which prioritises agricultural development, female entrepreneurship and access to credit for rural women, strengthening their participation in sectors such as tourism and agriculture. Monitoring mechanisms are also being strengthened to ensure the implementation of these commitments. Implementation is led by several key government institutions, including relevant ministries and the National Bank of Commerce of Timor-Leste (BNCTL), which ensure the effective implementation of the planned measures.

    *****

    In order to resolve the payment of existing debts to hospitals abroad and ensure the continuity of health services, the Council of Ministers decided to instruct the Minister of Health to carry out a detailed survey of debts and payment deadlines, as well as the funds available to meet these commitments. The Minister of Health must establish prioritization criteria for payments, based on the urgency of the services, risks to public health and impact on hospital operations.

    Among other measures, the Council of Ministers also instructed the Minister of Health to start negotiations with hospitals for debt restructuring and to propose to the Ministry of Finance a budgetary reinforcement for the health sector. The implementation of these measures will be monitored by a working group created specifically for this purpose, which will be required to report regularly to the Council of Ministers on the progress made in regularizing hospital debts. ENDS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI: BGHL (EUR): NAV(s)

    Source: GlobeNewswire (MIL-OSI)

                                          BOUSSARD & GAVAUDAN HOLDING LIMITED

    Ordinary Shares

    The Directors of Boussard & Gavaudan Holding Limited would like to announce the following information for the Company.

    Close of business 24 Sep 2024.

    Estimated NAV

      Euro Shares Sterling Shares
    Estimated NAV €    28.5679 £    25.6374
    Estimated MTD return     -0.53 %     -0.36 %
    Estimated YTD return      3.70 %      4.34 %
    Estimated ITD return    185.68 %    156.37 %

    NAV and returns are calculated net of management and performance fees

    Market information

    Euro Shares Amsterdam (AEX) London (LSE)
    Market Close €    27.40 N/A
    Premium/discount to estimated NAV     -4.09 % N/A
         
    Sterling Shares Amsterdam (AEX) London (LSE)
    Market Close N/A GBX 2,360.00
    Premium/discount to estimated NAV N/A     -7.95 %

    Transactions in own securities purchased into treasury

    Ordinary Shares Euro Shares Sterling Shares
    Number of shares N/A N/A
    Average Price N/A N/A
    Range of Price N/A N/A

                                               

    Liquidity Enhancement Agreement Euro Shares Sterling Shares
    Number of shares N/A N/A
    Average Price N/A N/A

    BGHL Capital

    BGHL Ordinary Shares Euro Shares Sterling Shares
    Shares Outstanding   12,299,516      123,090
    Held in treasury N/A N/A
    Shares Issued   12,299,516      123,090

    Estimated BG Fund NAV

    Class B Euro Shares (estimated) €   258.1153
    Class GBP A Shares (estimated) £   137.3552

    The Class B Euro Shares of BG Fund are not subject to investment manager fees, as the Investment Manager receives management fees and performance fees in respect of its role as Investment Manager of BGHL.

    For further information please contact:

    Boussard & Gavaudan Investment Management, LLP.
    Emmanuel Gavaudan +44 (0) 20 3751 5389 Email : info@bgam-uk.com

    The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the “Shares”) are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc’s main market for listed securities.

    This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.

    Neither the Company nor BG Fund ICAV has been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States.

    You should always bear in mind that:

    • all investment is subject to risk;
    • results in the past are no guarantee of future results;
    • the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and
    • if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice.

    This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice.

    Attachment

    The MIL Network

  • MIL-OSI: Sampo plc’s share buybacks 24 September 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 25 September 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 24 September 2024

    On 24 September 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      3,541 41.49 AQEU        
      43,470 41.45 CEUX
      1,127 41.51 TQEX
      43,087 41.46 XHEL
    TOTAL 91,225 41.46  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 7,312,345 Sampo A shares representing 1.33 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    The principal media
    FIN-FSA
    DEN-FSA
    www.sampo.com

    Attachment

    The MIL Network

  • MIL-OSI Europe: Issue of Confederation bonds on 9th October 2024

    Source: Switzerland – Department of Finance

    Bern, 25.09.2024 – Optional auction date will be maintained.

    The Federal Finance Administration will maintain the optional issue date on 9th October 2024. On 8th October it will announce as usual which Confederation bond will be issued.


    Address for enquiries

    Michael Girod, Communications, Federal Finance Administration, tél. +41 58 465 41 41, kommunikation@efv.admin.ch


    Publisher

    Federal Finance Administration
    http://www.efv.admin.ch

    MIL OSI Europe News