NewzIntel.com

Category: Commerce

  • MIL-OSI China: China calls on US to lift sanctions

    Source: China State Council Information Office

    People visit the China Homelife USA expo at the Los Angeles Convention Center in Los Angeles, the United States, on Sept. 11, 2024. [Photo/Xinhua]

    Stable China-United States business ties would contribute to the security and stability of global industrial supply chains, fostering a favorable policy environment for collaboration between companies from both sides, said market watchers and business executives on Wednesday.

    China’s Ministry of Commerce said on Tuesday that China has called on the US to promptly lift sanctions on Chinese companies and enhance the business environment for its firms operating in the US.

    During a phone call with US Secretary of Commerce Gina Raimondo on the same day, China’s Minister of Commerce Wang Wentao expressed serious concerns over US policies on semiconductors, targeting China, and restrictions on Chinese intelligent connected vehicles.

    It is necessary to clarify national security boundaries in the economic and trade fields, as it is conducive to maintaining the security and stability of global industrial supply chains and creating a favorable policy environment for cooperation between the business communities from the two countries, Wang stressed.

    This conversation was part of the institutional communication arrangement between the commerce authorities of both countries, said the Ministry of Commerce.

    As many global industries, such as electronics, automotive and pharmaceuticals, rely on components and materials sourced from both China and the US, a stable relationship can minimize disruptions and prevent production delays and supply shortages in many business areas, said Wang Zhongmei, a researcher at the Institute of World Economy of Shanghai Academy of Social Sciences.

    Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing, warned that given various factors such as the upcoming US election in early November, it is critical to view Sino-US economic and trade relations with caution.

    In the short term, there will be challenges, but in the long run, the trend of mutually beneficial cooperation between China and the US remains unchangeable, said Zhang.

    “For US companies, China is an indispensable market,” he added. “If trade tensions escalate, these companies may once again urge the US government to adopt a more proactive and balanced economic and trade policy. Business needs can, to a certain extent, influence government actions.”

    According to the 2024 Kearney FDI (foreign direct investment) Confidence Index, reflecting investors’ expectations for FDI over the next three years, China’s global ranking has risen from seventh to third place.

    “Multinational companies initially looked at China as a supplier and then as a huge market. But now, increasingly, we are looking at China as an innovation center,” said Andrew Wu, general manager of the China branch of US-based commercial data and analytics firm Dun & Bradstreet.

    Also viewing China as crucial to its global business strategy, Willie Tan, CEO of Skechers China, South Korea and Southeast Asia, said that despite external challenges, China remains a crucial market for global brands. Its vast consumer base, strategic importance in global supply chains and ongoing commitment to reform and innovation create significant opportunities.

    With over 3,500 stores in China, the US footwear brand plans to continue market expansion in the coming years.

    Mark Jaffe, CEO of the Greater New York Chamber of Commerce, said that no one wants to halt cooperation and exchange between the two countries. China and the US have already established long-term partnerships in fields such as artificial intelligence and pharmaceuticals.

    In the face of increasingly intense global competition, Jaffe said it will be necessary for the two sides to further expand and deepen trade relations in the future.

    In the first eight months of 2024, the US remained China’s third-largest trading partner, with the total trade value between the two countries reaching 3.15 trillion yuan ($446.21 billion), up 4.4 percent year-on-year and accounting for 11 percent of China’s total foreign trade value, statistics from the General Administration of Customs showed.

    MIL OSI China News –

  • MIL-Evening Report: International student caps are set to pass parliament, ushering in a new era of bureaucratic control

    Source: The Conversation (Au and NZ) – By Andrew Norton, Professor in the Practice of Higher Education Policy, Australian National University

    The federal government’s controversial plan to limit international student numbers is now almost certain to win parliamentary approval. But it looks like there will be some changes to the original bill introduced in May.

    A Senate committee, which has a Labor majority, has recommended the bill be passed with amendments. The government is expected to accept the committee’s suggestions.

    What did the committee find and what does this mean for caps on international student numbers?

    Clashing views in parliament

    In the inquiry report, Coalition senators criticised the government’s handling of international education. But they continued to support the idea of putting a limit on international students.

    The Greens’ dissenting report completely rejected the idea of caps. The Greens don’t have the Senate numbers to block them, but they may find common ground with the Coalition on some amendments to influence the final outcome.

    Changes to caps on courses

    The government’s original legislation would let the minister set international student caps by education provider, location and course.

    Caps by provider and location are meant to reduce pressure on accommodation and other services, especially in Melbourne, Sydney and Brisbane. This is a key goal of the bill and other recent changes to international student policy.

    But course-level enrolment caps are not necessary to achieve this.

    As the inquiry report notes, most international students do not stay in Australia permanently. So they should be allowed to choose courses based on their own interests and job opportunities in their home countries.

    The report also notes significant administrative issues involved with setting and monitoring caps for the more than 25,000 courses on offer to international students.

    But the report does not take these points to the logical conclusion of recommending no caps on courses. Instead, it proposes no course caps for universities or TAFEs. Non-university higher education providers and non-TAFE vocational education providers could still be subject to course-level caps.

    After the report was released, Education Minister Jason Clare cited advice about some vocational providers offering courses that “don’t give [students] a real qualification”.

    Coalition senators may seek the full removal of course caps from the bill – in the Senate report, they criticise what they call the “appalling treatment of many private higher education and [vocational education and training] providers”. With support from the Greens, course caps could be stopped.

    A new power to exempt some categories of students

    The government has flagged it wants to exempt students from the Pacific or Timor-Leste and some students on government scholarships from the new cap regime.

    That would require amendments to the original bill, which the Senate inquiry also recommends. This change is unlikely to face any Senate obstacles.

    An earlier date for announcing caps

    The bill requires caps to be announced by September 1 in the year before the caps apply, except for this year when the deadline is December 31.

    This date was criticised because international students receive offers before September. Education providers need to know their caps before they start making offers.

    The Senate report recommends a July 1 announcement instead.

    Huge powers for the minister

    As drafted, the bill gives the minister extraordinary personal power to set international student caps. It sets no limit on the reasons for setting caps. It requires no consultation prior to setting caps, other than the minister for education consulting the minister for skills.

    The Senate report suggests improvements to this process. The education minister would also need to consult the immigration minister and the regulators for vocational education and higher education.

    The report also says education providers should be consulted on the initial setting of enrolment limits each year. With around 1,500 providers registered to offer courses to international students, this consultation may need to be with their representative groups.

    More scrutiny for the caps?

    The bill has a dual system for setting caps. One of these is via a “legislative instrument”, which the minister makes. This can be disallowed by either house of parliament and is the only limit on the minister’s power.

    But the bill also allows the minister to bypass the parliament with a “notice” to education providers. This has the same practical effect as the legislative instrument.

    The bill’s explanatory memorandum (the document to help readers understand legislation), offers a benign explanation for this. It says the minister will only exercise the power of using a notice in limited circumstances. Its examples include when the education provider has supplied additional student accommodation, or needs to expand to take students from other providers that have gone out of business.

    Nothing in the bill, however, limits the use of capping by notice.

    In a submission to the inquiry, I recommended requiring parliamentary scrutiny of the way caps are set. The legislative instrument would set out rules and formulas for calculating the cap. The notice to education providers would have to apply these rules and formulas to their specific circumstances.

    The Senate committee majority, however, recommended a much weaker form of scrutiny. It suggested replacing the notice with a “notifiable instrument”. This would ensure the provider’s cap was publicly available. The notices, by contrast, only go to to the affected education provider, the Department of Education, and the relevant regulator.

    A notifiable instrument would allow more public scrutiny of the minister’s decisions, for people who keep an eye on the government’s legislation website. But it falls well short of a system in which parliament is always directly notified of caps and given the power to intervene.

    A turning point

    The Senate inquiry partly answers some criticisms or weaknesses of the bill. It’s likely the bill will next be debated when parliament sits in November.

    But whatever views people hold on capping international students – and with the student visa holder population nearing 700,000 there is a case for moderation – we are witnessing a major turning point in higher education.

    This bill, in combination with planned controls on domestic student enrolments, signals the demise of student choice and university autonomy. A new era of bureaucratic control from Canberra is arriving.

    Andrew Norton is employed by the Australian National University, which has announced major job cuts that it partly blames on the capping of international student enrolments.

    – ref. International student caps are set to pass parliament, ushering in a new era of bureaucratic control – https://theconversation.com/international-student-caps-are-set-to-pass-parliament-ushering-in-a-new-era-of-bureaucratic-control-240988

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Economics: Samsung Electronics Ranked as a Top 5 Global Brand for the Fifth Consecutive Year with $100.8 Billion in Brand Value

    Source: Samsung

    Samsung Electronics Co., Ltd. today announced it has been recognized by Interbrand, a global brand consultancy, as a “Global Top 5” brand for the fifth year in a row. Interbrand releases its list of “Best Global Brands” each year, and on this year’s list, it was revealed that Samsung’s brand value reached $100.8 billion and grew by 10% year-on-year.
    The significant increase of Samsung Electronics’ brand value was driven by growth in the AI industry, particularly its leadership in on-device AI and competitiveness in the semiconductor sector. Since its first top five ranking in 2020, Samsung Electronics has experienced an impressive 62% growth over four years and remains the only Asian business among the global top five brands.
    “This year’s substantial brand growth is a direct result of our holistic approach to AI and efforts to put this powerful technology into the hands of Samsung users around the world,” said YH Lee, President and Head of the Global Marketing Office at Samsung Electronics. “Moving forward, we will lean even further into the qualities that our users have come to both love and expect.”
    Company Recognized for On-Device AI, enhanced connected experiences and AI Leadership
    According to Interbrand, Samsung Electronics’ evaluation was positively influenced by the following:
    Deployment of AI technologies in key products and leadership in the on-device AI market
    Enhanced connected experiences through AI-enabled platforms and products
    AI leadership based on its competitiveness in the semiconductor sector
    Implementing a consistent brand strategy in the global market
    Ongoing commitment to a more sustainable future.
    This year, under the vision of AI for All, Samsung is expanding its portfolio of products infused with AI technologies to enhance customer experiences. With the release of the Galaxy S24 series, Samsung has been leading the mobile AI. It has also launched AI TVs equipped with AI processors and AI upscaling while introducing Bespoke AI appliances that empower user’s daily life.

    The company is expanding the SmartThings ecosystem to provide a unified connectivity experience, enabling not just its own products, but also various third-party devices. This integration offers substantial benefits that go beyond more convenience, including energy conservation and family care.
    As a leader in the semiconductor industry, Samsung is making bold investments in R&D to meet rising AI demand and — with innovative memory products like DDR5, GDDR7, HBM3E, LPDDR5X, 9th Gen V-NAND, Exynos SoC, high resolution image sensor— is proactively addressing server and on-device AI needs.
    As for brand strategy, the company has been recognized for delivering consistent brand values and build authentic relationships with customers.
    Additionally, Samsung focuses on implementing environmentally conscious activities and initiatives by adopting various recycled materials across a wide range of product categories. It has participated in global initiatives and collaborated with industry leaders with focus on goals such as reducing carbon emissions associated with device usage. Samsung Electronics’ sustainability efforts as well as fostering a diverse corporate culture have also received positive evaluations.

    Samsung’s Recognized Efforts in Each Business Division
    Mobile
    Leading the mobile AI era with Galaxy AI following the release of the Galaxy S24 series
    Making the new Galaxy AI upleveled by the unique Galaxy Z Fold6 and Z Flip6 foldable experience
    Strengthening leadership in the health AI with the release of the Galaxy Ring and new Galaxy Watch series
    Networks
    Strengthening leadership in virtualized Radio Access Network (vRAN) and Open RAN
    Leading the technical standardization of 6G
    Consistently innovating technologies to support various 5G use cases, including streaming and gaming
    Enhancing partnerships with customer companies and communicating the sustainability aspects of Samsung’s network technology
    Visual Display
    Solidifying global leadership in the TV and soundbar markets
    Consistently innovating with products like AI TVs, MICRO LED displays, and the Music Frame
    Innovating the viewing experience with cutting-edge technologies, including AI upscaling and Active Voice Amplifier Pro
    Positioning itself as a core gaming partner through various partnerships
    Strengthening security and privacy through Samsung Knox

    MIL OSI Economics –

  • MIL-OSI Russia: Moscow entrepreneurs learn about the rules of working with brand reputation

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On October 21, the State Budgetary Institution “Small Business of Moscow” (MBM), with the support of the capital’s Department of Entrepreneurship and Innovative Development, will hold a conference “The Path to the Client’s Heart” for capital businessmen and anyone who wants to start their own business.

    Conference participants will learn how to manage reputation in social networks, analyze customer needs, increase their loyalty and work with the customer base. In addition, entrepreneurs will be able to receive individual expert consultations in the mentor lounge.

    The business program will begin with speeches by speakers. The deputy chief operating officer of an online reputation management agency will tell how entrepreneurs can work with brand reputation on the Internet. The head of the sales department of a social media and mass media monitoring and analysis system will explain how to build communications with clients and develop your product based on feedback.

    The event will continue with a thematic session “Customer experience for the self-employed”, a workshop “Customer base is the main asset of your business” and an individual mentoring lounge, which will take place from 17:00 to 19:00.

    The workshop will be conducted by a business coach, owner of several companies in the field of retail, services and consulting. Its participants will learn to measure the main indicators of their business, form a client base and segment it, define the goals of marketing activities for each group of clients and create promotional events for these purposes.

    Within the framework of the mentoring lounge, experts, including the founder of women’s clothing brands, the chief specialist of a consulting company, and a patent attorney, will conduct individual consultations and suggest optimal solutions to the problems facing businessmen.

    The conference will be held on October 21 from 12:00 to 19:00 in the pavilion “Art. Technograd” at the address: Prospekt Mira, house 119, building 318. Participation is free, you can register on the MBM portal. To attend the workshop and receive expert advice in the mentor lounge, you must register in advance; the number of places is limited.

    Support for businessmen is provided within the framework of the national project “Small and medium entrepreneurship and support for individual entrepreneurial initiative”. More information about this and other national projects implemented in Moscow can be found here find out here.

    State Budgetary Institution “Small Business of Moscow”, subordinate To the Department of Entrepreneurship and Innovative Development of the City, helps people open and develop their own businesses in the capital. In business service centers, everyone can learn about financial and non-financial measures of state support.

    Free educational and business events are held for entrepreneurs: forums, seminars, trainings, conferences, which help to improve professional competencies and find like-minded people.

    You can also get advice on opening and running a business and learn more about current measures to support entrepreneurs in Moscow on the MBM website and by phone: 7 495 225⁠-14⁠-14.

    Starting with coffee: entrepreneurs are invited to join the new MBM training project“MBM Business School” invites you to a course for social entrepreneursThe number of small and medium entrepreneurs in the education sector has grown by 27 percent in three years

    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/145021073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Express business valuation and financial recommendations: a new online service has been launched for entrepreneurs

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    A useful online service has appeared for Moscow entrepreneurs, which will help them to quickly assess the main indicators of their company and find out how they affect its financial stability. It was developed and launched by the center for assistance with financing of the Moscow Guarantee Fund. The service is intended for representatives of small and medium businesses who are going to apply to a bank for a loan or factoring, receive a bank guarantee, open a letter of credit account or arrange leasing.

    The service conducts pre-scoring — a study of indicators that banks take into account when working with applications from legal entities and individual entrepreneurs. Based on the assessment results, businessmen will receive an electronic report with recommendations on how to eliminate the identified problems.

    It is very easy to use the service. An entrepreneur needs to go to the Moscow Guarantee Fund website in the “Business” section and select the option “Request scoring”. On the page that opens, you must specify what type of loan he needs, clarify the goals and amount of financing. Information about the company and its activities will be filled in automatically from analytical sources. If necessary, this information can be specified independently.

    The application will take a few minutes to process. An electronic report will appear on the screen. It will list the main factors that affect the company’s financial stability. Among them are such parameters as industry risks, timely payment of taxes and wages, compliance with the rules for participation in procurement, and many others. The report can be downloaded and saved on your computer.

    Based on the assessment results, the businessman will also be offered to learn about city support measures that his company may qualify for. The service will automatically compile a selection of grants and benefit programs for him. It will open in a new window.

    In addition, entrepreneurs will be offered to ask questions to service specialists or leave a request for a guarantee from the Moscow Guarantee Fund. All these services can be completed online on the website. They are provided free of charge.

    Financing Assistance Center Subordinate to the Moscow Guarantee Fund To the Department of Entrepreneurship and Innovative Development of the City of Moscow. It opened in the spring of 2022. The center introduces representatives of small and medium-sized businesses to preferential lending programs and other support measures provided by the capital. Entrepreneurs can receive professional advice on issues of obtaining loans, securing transactions with sureties, and selecting a suitable form of financing. Since the opening of the center, its specialists have processed over six thousand applications from entrepreneurs.

    Information on current preferential financing programs, limits of these programs in banks and products Moscow Guarantee Fund can be obtained on weekdays from 09:00 to 18:00 by phone: 7 495 926-26-95.

    Detailed information on the support measures that the city provides to entrepreneurs is available on the portal State Budgetary Institution “Small Business of Moscow”. There you can find useful online services for businessmen, choose a training seminar and read materials about current changes in legislation, financial literacy and ways to promote products.

    Support for small and medium-sized businesses is provided within the framework of the national project “Small and medium-sized businesses and support for individual entrepreneurial initiatives”. You can find out more about this and other national projects being implemented in Moscow on the website.

    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/nevs/item/145049073/

    MIL OSI Russia News –

  • MIL-OSI Economics: Panasonic Verifies that nanoe(TM) (Hydroxyl Radicals Contained in Water) Technology Inhibits Hazardous Substances Contained in Haze Caused by Air Pollution in Southeast Asia

    Source: Panasonic

    Headline: Panasonic Verifies that nanoe(TM) (Hydroxyl Radicals Contained in Water) Technology Inhibits Hazardous Substances Contained in Haze Caused by Air Pollution in Southeast Asia

    Osaka, Japan – Panasonic Corporation (https://www.panasonic.com/global/home.html) (hereinafter referred to as Panasonic) today announced that it has conducted joint research with the Malaysia-Japan International Institute of Technology (MJIIT), under the supervision of Professor Sheikh Ahmad Zaki, verifying that nanoe (hydroxyl radicals contained in water) technology inhibits up to 95% of polycyclic aromatic hydrocarbons (PAHs) contained in PM2.5, a component of smoke pollution (haze) that is worsening in Southeast Asia. In addition to the five types of PAHs already verified,*2 the inhibitory effects of nanoe (hydroxyl radicals contained in water) technology on three types of PAHs have been newly revealed.
    99% of the world’s population lives in areas that do not meet the World Health Organization’s (WHO) air quality guideline levels,*3 and the adverse health effects of air pollution have become a significant issue. In particular, urgent measures are needed to combat haze in Southeast Asian countries. Haze is caused by smoke pollution from large-scale slash-and-burn farming and forest fires in regions like Sumatra Island, and it contains hazardous substances known as PAHs. PAHs are difficult to decompose, making them prone to spread by wind, and it has been reported that they bioaccumulate in crops.*4Furthermore, numerous research findings indicate that certain PAHs can elevate the risk and incidence of adverse events, including reduced lung function, worsened asthma, cardiovascular diseases, and cancer.*5 Note that this joint verification was intended to examine the effects of nanoe on chemical substances that cause these symptoms and does not guarantee effects on the symptoms themselves.
    Under the supervision of Professor Sheikh from MJIIT, the Company conducted tests by irradiating nanoe (hydroxyl radicals contained in water) particles on three types of PAHs (naphthalene, fluorene, and acenaphthene),*6 which account for large proportions in the mass of haze. As a result, inhibitory effects were verified for all three types. Note that these verification results are based on the test conditions described below and do not demonstrate the effectiveness in a real-world environment.

    Panasonic aims to contribute to society by providing safe and secure spaces, and will continue to evolve nanoe (hydroxyl radicals contained in water) technology and pursue its future potential.

    ■Key points of this verification

    Aims to verify the inhibitory effects of nanoe (hydroxyl radicals contained in water) on the three types of PAHs that account for particularly large mass ratios in haze.

    ■Comments of Professor Sheikh Ahmad Zaki from Malaysia-Japan International Institute of Technology*8

    Haze is a serious social issue in Southeast Asia. As human activities, which had slowed down during the COVID-19 pandemic, begin to pick up again, there is a risk that damage will worsen due to increased haze emissions. Haze contains various substances, and PAHs are considered highly hazardous to both humans and the environment. In this verification, we were able to demonstrate the effectiveness of nanoe (hydroxyl radicals contained in water) technology against the three types of PAHs that are commonly found in haze. Based on these verification results, nanoe  (hydroxyl radicals contained in water) technology is anticipated to be a promising solution for enhancing the living environment in Southeast Asia, which is suffered by haze.

    ■Principle of nanoe (hydroxyl radicals contained in water) generation

    Figure 4 nanoe (hydroxyl radicals contained in water) generator

    nanoe  (hydroxyl radicals contained in water), which is approximately 5 to 20 nanometers in size and contains hydroxyl radicals, is generated by cooling the atomizing electrode with a Peltier element, creating water through the condensation of moisture in the air, and applying a high voltage between the atomizing electrode and the counter electrode (Figure 4).

    Notes:*1: The eight types of PAHs include benzo[a]pyrene, benz[a]anthracene, benzo[b]fluoranthene, indeno[1,2,3-cd]pyrene, and dibenz[a,h]anthracene, which were previously tested, along with naphthalene, fluorene, and acenaphthene, which were tested this time.*2: [Press release] “Nanoe” effectively breaks down PM2.5 components and inhibits growth of fungi attached to Yellow Sand (January 16, 2014)”Nanoe” effectively breaks down PM2.5 components and inhibits growth of fungi attached to Yellow Sand | Appliances | Products & Solutions | Feature Story | Panasonic Newsroom Global https://news.panasonic.com/global/stories/668*3: Reference: Ambient (outdoor) air pollution. WHO. 2024-09-13*4: Reference: WHO Regional Office for Europe, “Human health effects of polycyclic aromatic hydrocarbons as ambient air pollutants: report of the Working Group on Polycyclic Aromatic Hydrocarbons of the Joint Task Force on the Health Aspects of Air Pollution.”, 2021.*5: Reference: Nor Azura Sulong et al. “Distribution, sources and potential health risks of polycyclic aromatic hydrocarbons (PAHs) in PM2.5 collected during different monsoon seasons and haze episode in Kuala Lumpur,” Chemospher, vol.219, pp. 1-14, 2019.*6: Reference: Jiraporn Chomanee et al. “Physicochemical and toxicological characteristics of nanoparticles in aerosols in southern Thailand during recent haze episodes in lower southeast Asia,” Journal of environmental sciences, vol.94, pp. 72-80, 2020.*7: Calculated by Panasonic*8: Panasonic requested the Professor to provide comments on nanoe (hydroxyl radicals contained in water), which were posted after editing.

    Inquiries:

    Living Appliances and Solutions Company, Panasonic CorporationDevices Products Business Unit, Beauty and Personal Care Business DivisionTelephone: +81-(0)749-27-0485 (available 9:30 a.m. to 5:00 p.m. excluding Saturdays, Sundays, and public holidays)

    About Panasonic Corporation
    Panasonic Corporation offers products and services for a variety of living environments, ranging from homes to stores to offices and cities. There are five businesses at the core of Panasonic Corporation: Living Appliances and Solutions Company, Heating & Ventilation A/C Company, Cold Chain Solutions Company, Electric Works Company and China and Northeast Asia Company. The operating company reported consolidated net sales of 3,494.4 billion yen for the year ended March 31, 2024. Panasonic Corporation is committed to fulfilling the mission of Life Tech & Ideas: For the wellbeing of people, society and the planet, and embraces the vision of becoming the best partner of your life with human-centric technology and innovation. Learn more about Panasonic: https://www.panasonic.com/global/about/

    MIL OSI Economics –

  • MIL-OSI Australia: Tell us what you think about our financial counselling services

    Source: Government of Victoria 2

    Consumer Affairs Victoria is asking for your feedback on its financial counselling services. 

    We fund several financial counselling services run by not-for-profit community organisations across Victoria. These programs help at-risk people manage their debts and organise their finances. This includes people recovering from natural disasters and people experiencing family violence. 

    Financial counsellors give free and confidential advice about your rights and responsibilities. They negotiate with creditors and help organise payment plans for debts. 

    Demand for financial counselling services is changing. This is due to several factors, including: 

    • cost-of-living pressures 
    • increased interest rates
    • easier access to credit services. 

    We want to know how our services are working and ways we can improve to suit your needs. 

    You can take part in the review by visiting the Engage Victoria website. We have published a discussion paper to help guide feedback. Feedback is open until 6 November 2024. 

    This review is part of a larger consultation to improve our programs. We are also seeking feedback on our renter and retirement housing services. 

    MIL OSI News –

  • MIL-OSI Economics: Epigenetic drugs witness 375% growth in series A venture financing in 2024YTD, reveals GlobalData

    Source: GlobalData

    Epigenetic drugs witness 375% growth in series A venture financing in 2024YTD, reveals GlobalData

    Posted in Business Fundamentals

    Advances in gene editing, such as the FDA approval of Vertex Pharmaceuticals’ Casgevy (exagamglogene autotemcel) in December 2023 for the treatment of beta thalassemia and sickle cell disease, have fueled significant interest in innovative epigenetic drugs. Against this backdrop, the total value of series A venture financing for epigenetic drugs almost doubled from $172 million in 2019 to $342 million in 2024 year-to-date (YTD)  and observed a 375% increase from 2023, reveals GlobalData, a leading data and analytics company.

    GlobalData’s Pharma Intelligence Center Deals Database reveals that companies developing epigenetic drugs received over $1 billion in total series A venture financing from 2019 to 2024YTD. Over half of these companies are headquartered in the US.

    Epigenetic drugs modify genetic material, resulting in heritable changes in gene expression without altering the DNA sequence. Current marketed epigenetic drugs in blood cancers include Celgene’s Vidaza (azacitidine), Eisai’s Dacogen (decitabine) and Merck & Co’s Zolinza (vorinostat). However, these drugs act in a genome- and tissue-wide manner, resulting in off-target effects and subsequent toxicity.

    Alison Labya, Business Fundamentals Analyst at GlobalData, comments: “Biotech startups are developing a new generation of epigenetic drugs with improved gene specificity to enhance efficacy, tolerability, and target indications beyond oncology. These drugs aim to provide safer alternatives to other methods of gene editing, such as clustered regularly interspaced short palindromic repeats (CRISPR), by not cutting into the DNA.”

    The 2024YTD already witnessed most of series A venture financing for epigenetic drugs within the last five years. In March 2024, Avenzo Therapeutics raised $150 million in the largest round of series A financing for epigenetic drugs in the last five years to develop its CDK2 inhibitor ARTS-021, currently in Phase I/II for solid tumors and HR+/HER2- metastatic breast cancer.

    In January 2024, Moonwalk Biosciences secured $57 million in seed and series A financing to develop its epigenetic discovery platform technology. In July 2022, Epicrispr Biotechnologies raised $55 million in series A financing to advance its preclinical pipeline and further drug discovery, using its CRISPR-based epigenetic platform technology with adeno-associated virus (AAV) as a delivery vector.

    Labya concludes: “Epigenetic drugs are key to precision medicine, offering tailored treatments with improved patient outcomes and reduced off-target effects. Investors are demonstrating a focus on precision medicine, leading to an increase in early-stage investment in epigenetic drug development.

    “However, companies developing innovative epigenetic drugs must overcome challenges including maintaining durable effects on gene expression, delivery of large drug components to target tissues, and demonstrating safety and efficacy in clinical trials to enable market success.”

    Note: Data in the chart includes all announced and completed series A venture financing deals globally from 2019 to 2024 YTD.  It includes deals where at least one drug involved in the deal is an epigenetic drug with an innovator drug type, where discovery, preclinical, phase I, phase II, phase III, pre-registration, and marketed development stages are considered. Includes deals that have disclosed their deal value in the public domain.

    MIL OSI Economics –

  • MIL-OSI Economics: Luxury beauty brands refocus on brick-and-mortar retail in Southeast Asia, says GlobalData

    Source: GlobalData

    Luxury beauty brands refocus on brick-and-mortar retail in Southeast Asia, says GlobalData

    Posted in Consumer

    Despite the phenomenal growth of ecommerce during and after the COVID-19 pandemic, the premium beauty sector in Southeast Asia is experiencing notable growth within physical retail environments, through collaboration with omnichannel brand-builders. Companies can adapt to this trend and position beauty as a significant driver of revenue in their retail strategy, says GlobalData, a leading data and analytics company.

    Jaya Dandey, Consumer Analyst at GlobalData, comments: “The premium beauty sector in Asia’s physical retail is thriving, driven by a combination of strong consumer demand, innovative retail strategies, and an increasing emphasis on personalized shopping experiences. The high single-digit growth rates of prestige beauty categories is notable even in the context of broader retail performance, where beauty products are often seen as high-margin categories that outperform other areas such as food sales.”

    Tim Hill, Key Account Director, SE Asia, GlobalData, notes: “Consumers are becoming more discerning, not only regarding product quality, but also in terms of the shopping experience. They like to try multiple products in person before making an informed choice, especially in the premium domain where prices can run high. Though companies are eager to leverage these consumer preferences and enter the market, they sometimes face infrastructural challenges. A key strategy to overcome this is to partner with omnichannel players such as beauty ecommerce giants, which are increasingly moving into the physical retail space. Individual consultation stalls in these stores promote customer engagement with a wide variety of brands.

    “The ability to integrate online and offline experiences will be vital for survival in this rapidly changing landscape. Maintaining a robust omnichannel presence allows retailers to connect with consumers across various platforms, including online and physical stores. This strategy not only caters to different shopping preferences but also ensures that brands remain accessible to a wider audience. A hybrid approach allows these companies to leverage their online success while maintaining a physical presence, creating a seamless shopping experience for consumers.

    “Southeast Asia is home to a burgeoning upper middle class, who are eager to splurge on luxury beauty. They are more aware of international brands, and given their higher disposable incomes, they are willing to spend on premium beauty products. GlobalData 2024 Q2 Consumer Survey reflects this, wherein about 25% of respondents deemed low price as good value for money while purchasing beauty and grooming products, and a much higher 34% responded that high-quality ingredients represent more value for money^.”

    Luxasia, Southeast Asia’s leading network in beauty and luxury, has enabled market entry and penetration for several brands. It recently captured the Vietnamese market by launching escentials, an omni-retail concept for luxury fragrances, in one of the country’s prestigious malls. Similarly, premium skincare brand SK-II launched a unique concept store at the Mid Valley Megamall in Kuala Lumpur, Malaysia. Indian beauty ecommerce giant Nykaa is actively expanding its physical retail spaces across the nation.

    Dandey concludes: “By returning to the essentials of the beauty industry—where sensorial experiences are paramount—brands can cultivate customer loyalty in a competitive market. As the premium beauty sector evolves, embracing omnichannel strategies and personalizing experiences will not only ensure success but also foster enduring relationships with discerning consumers, shaping a vibrant future for beauty retail.”

    ^GlobalData 2024 Q2 Consumer Survey – Asia and Australasia, published in July 2024, with 6,506 respondents

    MIL OSI Economics –

  • MIL-OSI Banking: Maritime crime and piracy incidents lowest since 1994, but threats to crews remain  

    Source: International Chamber of Commerce

    Headline: Maritime crime and piracy incidents lowest since 1994, but threats to crews remain  

    IMB reported 79 incidents for the period of January-September 2024, down from 99 incidents in the same period last year. This marks a significant overall reduction and the lowest reported numbers since 1994. 

    From January to September, 62 vessels were boarded, six were hijacked while nine faced attempted attacks and two were fired upon. In 86% of incidents, perpetrators successfully gained access to the vessel with most incidents occurring at night.  

    Violence towards crew members remains concerning, with 111 crew taken hostage, 11 kidnapped and three threatened. Perpetrators were armed with weapons, guns, and knives in 45 of the reported incidents.  

    IMB Director Michael Howlett said:  

    “With reported incidents at their lowest since 1994, the decline in reported piracy and armed robbery incidents is encouraging. This is an important time to reinforce our message not to be complacent, and for vessel owners and operators to adhere to IMB guidelines. We commend governments and law enforcement for their excellent work, which has made this improvement possible.” 

    Escalating violence in the Indonesian Archipelago 

    The Indonesian Archipelago remains an area of concern with a steady rise in the number of reported incidents. From January to September 2024, 17 incidents were reported compared to 12 in 2023 and nine in 2022. Weapons were reported in 11 incidents, 27 crew were taken hostage and one crew was threatened. Two hijackings were reported in February and September in nearly the same location South of Tanjung Malatayur, Central Kalimantan where oil cargoes were stolen from barges under tow. IMB calls upon local authorities to increase their on-water presence to act as a deterrent to these crimes.   

    Fewer incidents in Gulf of Guinea, Somalia and Singapore Straits  

    In the first nine months of 2024, 12 incidents were reported in the Gulf of Guinea region, the lowest number of reports since 1996. While the drop in the number of reported incidents is welcome, there remains concern over the safety of crew, with 11 crew kidnapped and 21 taken hostage. 

    Eight incidents have been reported in the waters off Somalia and the Gulf of Aden, with three hijacked vessels and two fired upon. IMB has not received reports of any maritime piracy incidents from vessels transiting these waters between July and September, possibly due to the prevalence of monsoons. 

    Incidents in the Singapore Straits have dropped to 23, compared to 33 over the same period last year. Perpetrators were successful in boarding the vessels in 96% of the cases. Considering the navigational challenges of these waters, IMB warns that even low-level opportunistic incidents on board such large vessels could potentially increase the risk to navigation.  

    IMB urges vessels to continue adhering to the latest Best Management Practices to ensure safety of crew, vessel and cargo.  

    IMB commends local authorities for investigating reported incidents and renews calls for accurate and timely reporting of maritime incidents. 

    The IMB Piracy Reporting Centre  

    Founded in 1991, the IMB Piracy Reporting Centre serves as a crucial, 24-hour point of contact to report crimes of piracy and lend support to ships under threat. Quick reactions and a focus on coordinating with response agencies, sending out warning broadcasts and email alerts to ships have all helped bolster security on the high seas. The data gathered by the Centre also provides key insights on the nature and state of modern piracy. 

    IMB encourages all shipmasters and owners to report all actual, attempted and suspected global piracy and armed robbery incidents to the Piracy Reporting Centre as a vital first step to ensuring adequate resources are allocated by authorities to tackle maritime piracy.    

    Download a copy of the January to September 2024 Piracy and Armed Robbery Against Ships report  here.  

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Any climate target change must be matched by accelerated climate action

    Source: Scottish Greens

    10 Oct 2024 Climate Climate Action

    Scotland must use every lever available to cut emissions.

    More in Climate

    Any change to Scotland’s climate targets must be met by robust plans for accelerated climate action, says Scottish Green co-leader Patrick Harvie.

    Mr Harvie’s comments come ahead of today’s Stage 1 Scottish Government debate on the Climate Change (Emissions Reduction Targets) Bill, which will amend its targets following confirmation from the UK Climate Change Committee that Scotland’s 2030 targets are now out of reach.

    Mr Harvie said:

    “If the Scottish Government is changing its climate targets then it must urgently upscale and accelerate the action it is taking to meet them. Business as usual isn’t good enough, we cannot continue as we are, not if we want to have any kind of liveable future.

    “The reality is that we are years behind where we need to be. The collective failure to hit our targets must be a source of shame for all parties, but it must also be a wake-up call.

    “From rejecting new fossil fuel exploration to meaningfully investing in public transport and active travel to reduce the number of cars on our roads, we need to see bold new thinking and robust plans to get there.

    “The challenge has been made far harder by 14 years of Tory governments who were actively working against our climate, but that does not excuse the failures of successive Scottish Governments.”

    Last month the Scottish Greens published The Climate Reset, a policy paper by the Scottish Green MSP group that called for the Scottish Government to decarbonise transport by removing peak rail fares and diverting funding from its climate wrecking plans to dual the whole A96 into public transport.

    The paper called for a real and urgent transition plan for the energy sector, urging the Scottish Government to maintain its presumption against new oil and gas exploration while rejecting the proposed expansion of the gas-fuelled power station at Peterhead.

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Results of monthly survey on business situation of small and medium-sized enterprises for September 2024

    Source: Hong Kong Government special administrative region

    Results of monthly survey on business situation of small and medium-sized enterprises for September 2024
    Results of monthly survey on business situation of small and medium-sized enterprises for September 2024
    ******************************************************************************************

         The Census and Statistics Department (C&SD) released today (October 10) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for September 2024.      The current diffusion index (DI) on business receipts amongst SMEs increased from 41.3 in August 2024 in the contractionary zone to 41.6 in September 2024, whereas the one-month’s ahead (i.e. October 2024) outlook DI on business receipts was 47.0. Analysed by sector, the current DIs on business receipts, despite below the 50-mark, rose by varying degrees in September 2024 as compared with previous month for many surveyed sectors, particularly for the logistics (from 35.9 to 40.3) and restaurants (from 34.7 to 36.5).            The current DI on new orders for the import and export trades increased from 43.4 in August 2024 to 44.5 in September 2024, whereas the outlook DI on new orders in one month’s time (i.e. October 2024) was 46.1. Commentary      A Government spokesman said that overall business sentiment among SMEs stabilised in September, and their expectations on the business situation in one month’s time turned better. The overall employment situation also improved further in September.      The spokesman added that while various uncertainties in the external environment may have some negative impacts, US interest rate cut should bode well for business sentiment. The Central Government’s latest policy measures for supporting the Mainland economy as well as its various measures benefitting Hong Kong will also provide support. The Government will monitor the situation closely. Further information      The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.      The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.      More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).      Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk).

     
    Ends/Thursday, October 10, 2024Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Grattan on Friday: Oil prices could be where the Middle East crisis collides with Australia’s cost-of-living crisis

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Angry, accusatory partisan exchanges over the Middle East war have dominated federal politics this week. But for most ordinary voters the issue remains “over there”.

    Apart from the minorities for whom it has an immediate impact – Jewish people frightened by antisemitism, the Muslim community, those with families in Lebanon and elsewhere – it’s a tragedy without tangible relevance to their day-to-day lives.

    On Thursday however, Treasurer Jim Chalmers warned the foreign crisis could feed directly into the domestic cost-of-living crisis, via the price of oil.

    Midway through this week, oil was trading 11% lower than it was a year ago, but 7% higher than a week-and-a-half ago, Chalmers told a news conference.

    Treasury estimates that if prices were 10% higher for an entire year, this would reduce Australia’s GDP by 0.1% and increase the consumer price index by 0.4 percentage points.

    Nothing is certain about the coming months but the potential implications are obvious. Consumers would feel the effects at the petrol pump of the higher oil prices.

    The Reserve Bank will also be watching the possible trajectory of oil prices, together with all the other indicators relevant to its decisions on interest rates. This is against the background of the government’s desperation for a rate cut (or two) before the election.

    Although an increase in fuel prices (hitting businesses as well as families) would not be the government’s fault, it would be blamed.

    According to Labor, at present there’s a disconnect between, on the one hand, the partisan political heat the Middle East war is generating and, on the other, the public’s lack of engagement with the issue.

    Voters not concentraing on the Middle East

    Labor sources say focus group research this week, done with swinging voters, found most people aren’t closely following Middle East events.

    Beyond that, they are generally satisfied with the government’s stand and don’t think the crisis is distracting it from the cost of living (which is separate from how they think the government is handling the cost of living).

    This accords with this week’s Essential poll, in which 56% said they were satisfied with the government’s response on the Israel-Gaza war. Another 30% thought the government had been too supportive of Israel; 14% thought it had been too harsh on Israel.

    Except among some of those directly invested, the Middle East crisis is not likely to be a vote changer.

    In the domestic political battle, Dutton is trying to use the conflict to paint Albanese as weak. That’s a long bow on the issue itself, although more generally the prime minister and his government have come to be seen as having lost their way.

    While Dutton is trying to define Albanese negatively, Albanese is attempting to make Dutton a bigger target.

    NBN sale a distraction

    Thus on Wednesday the prime minister, shortly before he jumped on his plane to attend the ASEAN-Australia summit in Laos, personally introduced legislation that would ensure the NBN remained in public hands.

    If the Coalition didn’t vote for the bill, that would show it would sell the NBN, Labor claimed. It was a crude attempt at scare politics, easily seen through. The Coalition is not suggesting it would sell the NBN and if it did, would most people care? Anyway, originally Labor planned for the NBN to be privatised. Dutton ridiculed the tactic.

    As we look to election year, the 2025 parliamentary sitting calendar came out this week. It has a fortnight sitting in February and pencils in a budget for March 25, which would set up a May poll. Of course this doesn’t rule out an earlier (March) election although Albanese has said more than once he plans a pre-election budget.

    Regardless, we are already in the election campaign. At caucus on Tuesday Albanese was, for the second time recently, talking about the second term agenda.

    Announcements like confetti

    Announcements are raining down like confetti especially related to cost-of-living issues. Supermarkets are being heavily targeted. Launching his merger reform legislation on Thursday, Chalmers said every supermarket merger would be screened, regardless of whether it fell under the new arrangements.

    Present polls are showing the most likely election result, to be delivered by sour voters, is a hung parliament with a minority Labor government.

    Albanese told caucus he was focused on winning majority government. Dutton knows that if the Coalition can’t win, the more crossbenchers it can force Labor to need to rely on, the more unstable a second-term Labor government would be.

    Both sides have a great deal of bedding-down to do before the actual campaign.

    Key items on Labor’s legislative agenda aren’t just not introduced, they are unseen – for instance, on gambling advertising, social media restrictions for young people, electoral funding.

    Major bills are stuck in the parliament – notably on housing, where the Greens may eventually do a deal but are stringing out the pain.

    On the other side, the Coalition has released minimal policy. On its controversial nuclear power plan, it has put out minimal details, in particular refusing to produce costings. It can’t hold back everything until the last moment.

    Will the campaign even matter?

    When the formal campaign comes, how much will it matter?

    There is the old saying “you can’t fatten the pig on market day”. In other words, the election result may be decided well before the actual campaign.

    What do the last three elections (2016, 2019, 2022) tell us about the importance of the formal campaign? In each case, the result was narrow, a matter of a handful of seats.

    In 2022, there was probably nothing Morrison could have done in the last weeks to salvage the situation – to use another farm metaphor, his goose was cooked. In the event, he ran a bad campaign.

    In 2016 prime minister Malcolm Turnbull just scraped home; Turnbull’s flawed campaigning maximised the number of seats he lost.

    In 2019, when it seemed Bill Shorten was almost certain to take Labor to victory, its defeat may have been sealed in the campaign itself, although its heavy policy load always put it in a precarious situation.

    In 2022 Albanese was judged a poor campaigner. Aware of this, Labor strategists will be doing everything to make sure he is fully prepared for “gotcha” questions (on which he faltered last time) and the other hazards that can arise spontaneously.

    Dutton’s forte is negativity, his natural style is the attack. But in those final weeks, more will be needed.

    One challenge in leaving policy releases late is that holes can slip through, inviting slip ups.

    Dutton has far from established himself as a rounded alternative prime minister. Indeed his current approach on the Middle East, completely lacking nuance, raises questions about how he would handle the complexities of foreign policy generally. It has not been reassuring.

    Michelle Grattan 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. Grattan on Friday: Oil prices could be where the Middle East crisis collides with Australia’s cost-of-living crisis – https://theconversation.com/grattan-on-friday-oil-prices-could-be-where-the-middle-east-crisis-collides-with-australias-cost-of-living-crisis-241002

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: City gets set for a dazzling Diwali Day celebration

    Source: City of Leicester

    PREPARATIONS are well under way for Leicester’s annual Diwali Day celebration, which takes place on Thursday 31 October.

    Displays featuring more than 6,000 LED lights have been put in place along the city’s Golden Mile, and the Wheel of Light – a 35-metre illuminated ferris wheel which takes pride of place on Belgrave Road – will open this Saturday.

    The Diwali Day festivities will kick off at 3pm on 31 October, with the opening of the Diwali Village on Cossington Street Recreation Ground. A children’s funfair and arts and crafts will be among the activities on offer, as well as Indian food and drinks.

    Sponsored by Lidl GB, the Diwali Village will also feature a Fire Garden, offering a peaceful spot amid the hustle and bustle on the park.

    Leicester’s annual Rangoli exhibition will open at 4pm on Diwali Day. Brought to the Belgrave Neighbourhood Centre by the city council and Tilda, it will feature vibrant modern, and traditional Rangoli patterns, celebrating the ancient form of folk-art using bright powders, often seen on doorsteps at Diwali.

    Entertainment including Indian dancing will begin at 5pm on the park’s main stage, with performances organised by the Hindu Festival Council. At the same time, the Red Bull DJ truck will be providing music and energising the Belgrave Road. A family-friendly programme of street art and processions will also take place on the road throughout the evening.

    The finale to the celebrations will be a stunning firework display, starting at around 7.30pm.

    Cllr Vi Dempster, asst city mayor for culture said: “Diwali Day is always a special time in Leicester, and this year will be no exception. As usual, we are extending a warm welcome to everyone who wants to join us, and we look forward to sharing our celebrations with you.

    “We have a wide range of events taking place across the city in the coming weeks, and with lots of fantastic shops and restaurants to enjoy on the Golden Mile, you don’t need to wait for Diwali Day to visit us.”

    This year’s festivities are being sponsored by Malabar Gold & Diamonds, which recently opened its second UK showroom on Leicester’s Golden Mile. Mohammed Ziad, Head of UK Business Operations said: “We are absolutely delighted to be supporting Leicester’s Diwali Day event.

    “As a new business on the Golden Mile, we can’t think of a more fitting way to celebrate our arrival to the city than to give our backing to these wonderful celebrations for the festival of light.”

    Ranked as the 6th largest jewelry retailer globally, Malabar Gold & Diamonds boasts a vast network of more than 360 showrooms across the world, including those in Australia, the Middle East, the Far East, and India. Its other UK showroom is in the East Shopping Centre on London’s Green Street.

    Activities taking place in the build-up to Diwali Day include the opening of the Wheel of Light, an illuminated big wheel, which will be offering visitors a birds-eye view of the area from Saturday 12 October to 2 November.

    Leicester’s Attenborough Arts Centre will be hosting an evening of Hindustani classical music performed by Aayush Mohan and Sanju Sahai on Friday 18 October.

    And John Lewis Leicester has joined with the Baps Shri Swaminarayan Mandir, Leicester, to put on cultural performances in the Highcross store on Saturday 19 October; with the Haymarket Shopping Centre offering a puppet making working workshop, and performances from the Nupur Arts Dance Academy on the following Saturday – 25 October.

    A spectacular waterside event featuring a Waterfall of Light will take place at Leicester’s Outdoor Pursuits Centre (OPC) on the evening of Sunday 26 October. The Canal & River Trust, working in partnership with the OPC, will be holding community workshops to create a magical lights trial that will feature at the events, and activities on the water will be among the many on offer on the night.

    As part of Diwali celebrations at Curve Leicester, the Centre for Indian Classical Dance will be presenting a Ramayan storytelling workshop and performance on Saturday 26 October; and at Leicester Cathedral, visitors can enjoy its annual concert of Diwali Indian music, put on in partnership with the Sitar Music Society.

    A guide to all of the activities on offer is available from the Visit Leicester website.

    Diwali is an ancient festival celebrated by Hindus, Sikhs and Jains all over the world. Often described as the festival of lights, it celebrates light over darkness and good over evil. It’s a time for exchanging presents and wishing goodwill to all.

    MIL OSI United Kingdom –

  • MIL-OSI China: Announcement on Open Market Business No.6 [2024]

    Source: Peoples Bank of China

    Announcement on Open Market Business No.6 [2024]

    (Open Market Operations Office, October 10, 2024)

    To implement the requirements of the Third Plenary Session of the 20th Central Committee of the Communist Party of China on “establishing a long-term mechanism to enhance the internal stability of the capital market” and promote the healthy and stable development of the capital market, the PBOC decides to set up Securities, Funds and Insurance companies Swap Facility (SFISF) to support eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings of CSI 300 constituent stocks as collateral in exchange for highly liquid assets such as government bonds and central bank bills from the PBOC. The initial scale of the swap operation will be set at RMB500 billion, with possible expansions in the future. As from today, applications are accepted from eligible securities, funds and insurance companies.

    Date of last update Nov. 29 2018

    2024年10月10日

    MIL OSI China News –

  • MIL-OSI USA: RELEASE: $52 Million Multistate Settlement with Marriott for Data Breach of Starwood Guest Reservation Database

    Source: US State of Hawaii

    RELEASE: $52 Million Multistate Settlement with Marriott for Data Breach of Starwood Guest Reservation Database

    Posted on Oct 9, 2024 in Latest Department News, Newsroom

     

    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS

    KA ʻOIHANA PILI KĀLEPA

    OFFICE OF CONSUMER PROTECTION

     

    JOSH GREEN, M.D.

    GOVERNOR | KE KIAʻĀINA

     

    NADINE Y. ANDO

    DIRECTOR | KA LUNA HOʻOKELE

    THOMAS MANA MORIARTY

    EXECUTIVE DIRECTOR

              

    FOR IMMEDIATE RELEASE

    October 9, 2024

    $52 Million Multistate Settlement with Marriott for Data Breach of Starwood Guest Reservation Database

     

    HONOLULU — The state of Hawai‘i Department of Commerce and Consumer Affairs Office of Consumer Protection announced today that a coalition of 50 attorneys general has reached a settlement with Marriott International, Inc. as the result of an investigation into a large multiyear data breach of one of its guest reservation databases. The Federal Trade Commission, which has been coordinating closely with the states throughout this investigation, has reached a parallel settlement with Marriott. Under the settlement with the attorneys general, Marriott has agreed to strengthening its data security practices using a dynamic risk-based approach, provide certain consumer protections, and make a $52 million payment to states. The state of Hawai‘i will receive$438,045.00 from the settlement.

    Marriott acquired Starwood in 2016 and took control of the Starwood computer network within the same year. However, from July 2014 until September 2018, intruders in the system went undetected. This led to the breach of 131.5 million guest records pertaining to customers in the United States. The impacted records included contact information, gender, dates of birth, legacy Starwood Preferred Guest information, reservation information, and hotel stay preferences, as well as a limited number of unencrypted passport numbers and unexpired payment card information.

    Shortly after the breach of the Starwood database was announced, a coalition of 50 attorneys general launched a multistate investigation into the breach. Today’s settlement resolves allegations by the attorneys general that Marriott violated state consumer protection laws, personal information protection laws, and, where applicable, breach-notification laws by failing to implement reasonable data security measures and remediate data security deficiencies, particularly when attempting to use and integrate Starwood into its systems.

    “When companies choose to collect and store consumer data, they must take steps to secure it,” stated Executive Director of the Office of Consumer Protection, Mana Moriarty. “We will continue to hold businesses accountable for their failure to do so.”

    Under the terms of the settlement, Marriott has agreed to strengthen and continually improve its cybersecurity practices. Some of the specific measures include:

    • Implementation of a comprehensive Information Security Program. This includes new overarching security program mandates, such as incorporating zero-trust principles, regular security reporting to the highest levels within the company, including the Chief Executive Officer, and enhanced employee training on data handling and security.
    • Data minimization and disposal requirements, which will lead to less consumer data being collected and retained.
    • Specific security requirements with respect to consumer data, including component hardening, conducting an asset inventory, encryption, segmentation to limit an intruder’s ability to move across a system, patch management to ensure that critical security patches are applied in a timely manner, intrusion detection, user access controls, and logging and monitoring to keep track of movement of files and users within the network.
    • Increased vendor and franchisee oversight, with a special emphasis on risk assessments for “Critical IT Vendors,” and clearly outlined contracts with cloud providers.
    • In the future, if Marriott acquires another entity, it must timely further assess the acquired entity’s information security program and develop plans to address identified gaps or deficiencies in security as part of the integration into Marriott’s network.
    • An independent third-party assessment of Marriott’s information security program every two years for a period of 20 years for additional security oversight.

    These settlement terms are grounded in a well-developed risk-based approach in which Marriott not only needs to conduct an annual enterprise level risk assessment, but it must also perform risk analyses throughout the year for changes to security controls. Those ongoing risk assessments must address the criteria of “harm to others” – which would include potential harm to consumers.

    As part of the settlement, Marriott will give consumers specific protections, including a data deletion option, even if consumers do not currently have that right under state law. Marriott must offer multifactor authentication to consumers for their loyalty rewards accounts, such as Marriott Bonvoy, as well as reviews of those accounts if there is suspicious activity.

    Connecticut, Maryland, and Oregon as well as the District of Columbia, Illinois, Louisiana, Massachusetts, North Carolina, and Texas co-led the multistate investigation, assisted by the Executive Committee of Alabama, Arizona, Arkansas, Florida, Nebraska, New Jersey, New York, Ohio, Pennsylvania, and Vermont, and were joined by Alaska, Colorado, Delaware, Georgia, Hawai‘i, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    ###

    Media Contact:

    William Nhieu

    Communications Officer
    Department of Commerce and Consumer Affairs
    Email:     [email protected]

    Phone: 808-586-7582

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces appointments 10.9.24

    Source: US State of California 2

    Oct 9, 2024

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Jennifer Troia, of Sacramento, has been appointed Director at the California Department of Social Services. Troia has served as Chief Deputy Director at the California Department of Social Services since 2020. She was a Principal Consultant for the Joint Legislative Budget Committee from 2018 to 2019. Troia was a Policy Advisor in the Office of California State Senate President pro Tempore Kevin de Leon from 2014 to 2017. She held several roles for the California State Senate Committee on Budget and Fiscal Review from 2009 to 2014, including Deputy Staff Director and Principal Consultant. Troia was a Principal Consultant for the California State Assembly Committee on Human Services from 2008 to 2009. She was Director of Advocacy at the California Court Appointed Special Advocate Association from 2006 to 2008. Troia was an Equal Justice Works Fellow and Attorney at the Youth Law Center from 2004 to 2006. She earned a Juris Doctor degree from the University of California, Berkeley School of Law and a Bachelor of Arts degree in Business Administration from the University of Florida. This position requires Senate confirmation and the compensation is $244,572. Troia is a Democrat.  

    Nathan Williams, of Washington, D.C., has been appointed Chief, Immigration Integration Branch of the Office of Equity at the California Department of Social Services. Williams has been Acting Deputy Assistant Secretary for International Affairs at the U.S. Department of Homeland Security since September 2024. He held several roles at the National Security Council in the Executive Office of the President of the United States from 2023 and 2024, including Director for Refugees and Director for Hemispheric Migration. Williams was a Senior Policy Advisor in the Office of International Affairs at the U.S. Department of Homeland Security from 2022 to 2023. He served in several roles, including several overseas assignments, at the Office of the United Nations High Commissioner for Refugees from 2010 and 2022, including Senior Liaison Officer, Digital Case Management Officer, Protection Officer, Associate Field Officer, Associate Protection Officer and Associate Resettlement Officer. Williams was an Emergency Officer at the Office of Emergency Programmes of the United Nations Children’s Fund in 2015. He earned a Master of International Affairs degree from Columbia University and a Bachelor of Science degree in Anthropology from Santa Clara University. This position does not require Senate confirmation and the compensation is $142,008. Williams is a Democrat.

    Daphne Hunt, of Fair Oaks, has been appointed Chief Deputy Director at the California Department of Community Services and Development. Hunt has served as Deputy Director of Programs at the California Department of Community Services and Development since 2021. She was Deputy Secretary of Legislative Affairs at the California Health and Human Services Agency from 2019 to 2021. Hunt held several roles at the California State Assembly’s Human Services Committee from 2015 to 2019, including Chief Consultant and Senior Consultant. She held several roles at the California State Senate Office of Research from 2012 to 2015, including Deputy Director and Policy Consultant. She held several roles at SEIU Local 1000 from 2007 to 2012, including Senior Research Analyst and Research Analyst. Hunt earned a Master of Arts degree in Social Policy from Brandeis University, a Master of Science degree in Community Development from the University of California, Davis and a Bachelor of Arts degree in Anthropology and English Literature from the University of Iowa. This position does not require Senate confirmation and the compensation is $176,808.  Hunt is a Democrat.  

    Roy Bucton, of Duarte, has been reappointed to the California State Independent Living Council, where he has served since 2021. Bucton has been an Independent Contractor and Producer for music and performance since 1983. He was a Disability Advocacy Coordinator for Painted Brain from 2021 to 2024. Bucton was Director and Founder of the Filipino Artists Network from 2001 to 2011. He is Chair of the Protection and Advocacy for Individuals with Mental Illness Advisory Council and a member of the Board of Directors of Disability Rights California. Bucton earned a Bachelor of Fine Arts degree in World Music from the California Institute of the Arts. This position does not require Senate confirmation and there is no compensation. Bucton is registered without party preference.

    Susan DeMarois, of Sacramento, has been reappointed to the California State Independent Living Council, where she has served since 2022. DeMarois has been Director of the California Department of Aging since 2021. She was a Member of the Master Plan for Aging Stakeholder Advisory Committee from 2019 to 2020. DeMarois held several positions at the Alzheimer’s Association from 1999 and 2021, including Director of Public Policy and Advocacy, California Government Affairs Director and California State Policy Director. She was Assistant Director of Government and Community Relations at the University of California, Davis Health System from 2002 to 2009. DeMarois was Associate Director of Public Policy at LeadingAge California from 1993 to 1999. She earned a Bachelor of Arts degree in Liberal Arts from California State University, Chico. This position does not require Senate confirmation and there is no compensation. DeMarois is a Democrat. 

    Ariana “Rian” Dindzans, of San Ramon, has been reappointed to the California State Independent Living Council, where they have served since 2023. Dindzans has been a Volunteer Writer and Outreach Representative for the Bay Area Outreach and Recreation Program since 2023. They have been a Research Assistant for Dr. Christina Chin-Newman at California State University, East Bay since 2023.  Dindzans is a member of the Disability Justice Club and the Bay Area Outreach and Recreation Program. This position does not require Senate confirmation and there is no compensation. Dindzans is a Democrat. 

    Anisa Escobedo, of Eureka, has been reappointed to the California State Independent Living Council, where she has served since 2023. Escobedo has been Owner and Designer at Escobedo Design since 2016. She held several roles at Tri-County Independent Living from 2019 to 2024, including Systems Change & Special Projects Coordinator, Advocacy and Fund Development Coordinator and Advocacy & Outreach Specialist. Escobedo was Executive Director and Chief Executive Officer at the Arcata Chamber of Commerce in 2022. She was Executive Director of the Ravenna Chamber of Commerce in 2020. Escobedo is a member of Kiwanis International. This position does not require Senate confirmation and there is no compensation. Escobedo is a Democrat.

    M. Lisa Hayes, of Bellflower, has been reappointed to the California State Independent Living Council, where she has served since 2016. Hayes has been Executive Director at Rolling Start Inc. since 2018. She held several positions at Molina Healthcare between 2007 and 2017, including Associate Vice President of Managed Long-Term Services and Supports, Director of Disability and Senior Access Services, Manager of Senior Disability Programs and Manager of Provider Contract Review. Hayes was a Project and Contract Manager at United Health PacifiCare from 2000 to 2007. She earned a Bachelor of Science degree in Organizational Leadership from Biola University. This position does not require Senate confirmation and there is no compensation. Hayes is a Democrat. 

    Recent news

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    MIL OSI USA News –

  • MIL-OSI Russia: SUM student receives personal scholarship from Financial Market Council

    MILES AXLE Translation. Region: Russian Federation –

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

    The 2nd ceremony of awarding scholarship certificates of the financial market program “Investments in the Future” was held in the Congress Center of the Chamber of Commerce and Industry of the Russian Federation. One of the certificates was awarded to a student of the Institute of Economics and Finance of the State University of Management Khagai Ifraimov.

    The scholarship program of corporate and personal scholarships “Investments in the Future” was established in 2022 on the initiative of the Financial Market Council, with the support of the Chamber of Commerce and Industry and the Eurasian Economic Council. The program is designed to provide financial support to talented students and young scientists from universities and colleges of the EurAsEC and the CIS.

    In the 2024/2025 academic year, 113 universities and colleges in Russia and Kazakhstan are participating in the program, the “Investments in the Future” fund amounted to 28 million rubles. The scholarship council selected 230 recipients on a competitive basis, 28 of whom were awarded personal scholarships in honor of famous scientists, teachers, government and public figures. The annual scholarship amount is 120 thousand rubles – students will receive 10 thousand rubles per month.

    The founders of the scholarships include banks, insurance companies, non-state pension funds, industrial enterprises and humanitarian organizations. The organizations themselves choose the university or secondary specialized educational institution for whose students they are ready to establish a scholarship.

    The founder of the scholarship for the GUU student Khagai Ifraimov was the Specialized Depository Company “Garant”. Khagai is a 4th-year student at the IEF in the “Financial Management” program. He shared with us his impressions of the scholarship awarding ceremony:

    “Having received a scholarship from the Russian Financial Market Council, I felt an incredible surge of joy and pride. This is not only recognition of my efforts and work, but also an incentive for further self-improvement. I understood that the scholarship would open doors to the world of finance, allow me to meet many key and iconic figures in the Russian financial market. My determination to work even harder only increased, because this support is a step towards achieving goals and strengthening faith in my own strengths.”

    We wish Khagai further success in his studies!

    Subscribe to the TG channel “Our GUU” Date of publication: 10.10.2024

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

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

    SUM student receives personal scholarship from Financial Market Council

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: New trade in services pact signed

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government and the Ministry of Commerce today signed the Second Agreement Concerning Amendment to the Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (Amendment Agreement II).

    Chief Executive John Lee witnessed the signing of the new agreement by Financial Secretary Paul Chan and Deputy China International Trade Representative of the Ministry of Commerce Li Yongjie this afternoon.

    Scheduled to be implemented on March 1, 2025, the Amendment Agreement II introduces new liberalisation measures across several service sectors where Hong Kong enjoys competitive advantages, such as financial services, construction and related engineering services, testing and certification, telecommunications, motion pictures, television and tourism services.

    The Trade & Industry Department explained that the liberalisation measures take various forms, including removing or relaxing restrictions on equity shareholding and business scope in the establishment of enterprises, relaxing qualification requirements for Hong Kong professionals providing services, and easing restrictions on Hong Kong’s exports of services to the Mainland market.

    Most of the measures apply to the whole Mainland, while some of them are designated for pilot implementation in the nine Pearl River Delta municipalities in the Guangdong-Hong Kong-Macao Greater Bay Area, it added.

    The Chief Executive thanked the central government for its care and support for the Hong Kong SAR, as well as the Ministry of Commerce and relevant authorities for actively working towards the Hong Kong SAR Government’s proposal of further opening up the Mainland market to Hong Kong in trade in services.

    “The Amendment Agreement II introduces new liberalisation measures across different service sectors where Hong Kong enjoys competitive advantages, making it easier for Hong Kong service suppliers to establish enterprises and develop business on the Mainland, enabling more Hong Kong professionals to obtain qualifications to practise on the Mainland, allowing more of Hong Kong’s quality services to be provided to the Mainland market, and contributing to and serving the country’s development,” he said.

    “The Hong Kong SAR Government will continue to encourage different sectors of the community to leverage the unique advantages of ‘one country, two systems’ and join hands with their counterparts on the Mainland to promote the competitiveness of the professional services sector, in order to inject new impetus to economic development and achieve high-quality development.”

    Speaking at a media session after the signing ceremony, the Financial Secretary pointed out that the further relaxation under CEPA will enable Hong Kong firms and professional sectors to get into the Mainland market a lot easier.

    “Depending on specific sectors, the progress will be different. But I am sure for the professional sectors, people are very keen to expand their foothold into the Mainland by using the Greater Bay Area as the starting point. So this will have a very positive impact on Hong Kong,” Mr Chan said.

    An example of the measures regarding construction and related engineering services is that Hong Kong general practice surveying enterprises will be allowed to provide professional services in Guangdong Province through filing of records.

    For tourism services, there will be measures to optimise the implementation of the 144-hour visa-exemption policy for foreign group tours entering Guangdong from Hong Kong.

    Mr Chan said the Government will be communicating with the different sectors and working with the different stakeholders to move as fast as possible, to materialise the various implementation details, so that the businesses and professionals in Hong Kong would find it useful and easier to expand into the Mainland.

    Furthermore, the department noted that the Amendment Agreement II brings institutional innovation and collaboration enhancement, including the addition of allowing Hong Kong-invested enterprises to adopt Hong Kong law and allowing Hong Kong-invested enterprises to choose for arbitration to be seated in Hong Kong.

    It also added commitments regarding domestic regulation to ensure the transparency, predictability and efficiency of regulations on trade in services.

    In addition, the new agreement removed the period requirement on Hong Kong service suppliers to engage in substantive business operations in Hong Kong for three years in most service sectors.

    This will allow Hong Kong startups to enjoy the preferential treatment under CEPA in a shorter time and attract enterprises and talent from around the world to establish a presence in Hong Kong and explore the Mainland market, the department noted.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Xage Security Awarded $1.5 Million Contract by United States Navy to Advance Zero Trust Initiatives

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — Xage Security Government (Xage), a global leader in Zero Trust access and protection, today announced a $1.5 million Sequential Phase II Small Business Innovation Research (SBIR) contract with the United States Navy to prove out Xage’s Zero Trust Access and Protection and Federated Identity Management capabilities in support of multiple strategic initiatives.

    This initiative supports compliance with the U.S. Department of Defense Chief Information Officer (DOD CIO) Zero Trust Target Strategy to enhance the protection of data, systems, and services with a Zero Trust model/architecture by 2027. Additionally, Xage will be used in pursuit of the strategic goal shared by the U.S. Navy’s Program Executive Office Command, Control, Communications, Computers and Intelligence (PEO C4I), Tactical Shore & Expeditionary Integration program office (PMW 790) and Program Executive Office Digital and Enterprise Services (PEO Digital) to create an extraordinary future involving battle networks to support the warfighter. This will support the Naval Information Warfare Systems Command (NAVWAR) DevSecOps (DSO) Overmatch Software Armory (OSA) to deliver the Navy’s contribution to Combined Joint All Domain Command & Control (CJADC-2) and tactical edge cloud Battlenet Landing IT Zone Engineering Development Model (BLITZ EDM) Infrastructure as a Service (IaaS) tactical edge capability.

    Xage Meets Robust Navy Security Requirements
    The Xage Fabric Platform is a resilient, highly available cybersecurity mesh, that underpins three core capabilities––Zero Trust identity and access management (IAM), Privileged Access Management (PAM), and Zero Trust remote access (ZTRA)––to enable secure, least privilege access both for internal users and external coalition partners. Xage also provides Zero Trust data exchange capability to ensure the integrity and authenticity of data as it is shared internally and with coalition partners.

    Fulfilling the DOD’s Zero Trust Mandate
    The selection of Xage as a key technology solution provider is based on its robust Zero Trust capabilities in critical areas such as microsegmentation, data integrity and management, least privilege, and multi-factor authentication (MFA). These features are essential across all domains—whether IT, operational technology (OT), or cloud environments—ensuring comprehensive Zero Trust security at every layer.

    Unique Architecture to Support the Warfighter
    In addition to fulfilling DOD Zero Trust requirements, Xage was selected for its ability to fulfill unique requirements for Navy environments.

    The Xage Fabric Platform, deployed as a secure overlay with a distributed architecture and equips the Navy with the following three key capabilities, among others:

    • DDIL: Xage enables the Navy to provide Zero Trust Access and protection to any asset without requiring internet connection, while maintaining the operation of its identity and access functions even in denied, disrupted, intermittent, and limited impact (DDIL) environments. Access and privilege enforcement can still be enforced, even if a remote site or edge device loses connectivity to the central network.
    • Agentless: The Xage Fabric allows the Navy to deploy Zero Trust access and protection without requiring the installation of agents on any endpoints nor the replacement of any existing infrastructure, eliminating a significant management burden and attack vector. The approach enables the Navy to extend the lifespan of legacy mission-critical assets.
    • Data Exchange: The Xage Zero Trust data exchange enables the Navy to securely exchange data with joint coalition and allied partners by providing just enough access, just in time. When access is no longer needed, administrators can easily wipe the identity and access of these external users within seconds. All user activity is tracked, logged, and recorded by Xage and all activity is untraceable by an adversary.

    “Xage was built to cyber-harden the most challenging and mission critical environments and we proudly partner with entities like the USSF Space Systems Command to do so, which will now include an extension of our ‘Never Trust, Always Verify’ support to the Navy,” said Xage Security CEO, Geoffrey Mattson. “Legacy devices, DDIL environments, as well as allied and coalition data exchange are just some of the critical use cases that the Navy is responsible for keeping secure and has an unwavering commitment to defend. Xage is proud to be in service of this mission and national security.”

    About the Contract

    PMW 790 delivers resilient, adaptable, interoperable, and affordable shore and expeditionary C4I capability for the Navy, enabling all domain mission success. PEO Digital is the service office that helps the Navy and Marine Corps with accelerating innovation and security.

    The contract awarded to Xage is spearheaded by PMW 790 and PEO Digital, in collaboration with USSF Space Systems Command (SSC). Together, PMW 790 and PEO Digital are responsible for testing Xage’s Zero Trust capabilities against simulated sophisticated attacks. The PMW 790 Program Manager is requesting this special study to evaluate the approach to Zero Trust across multiple efforts within the Navy. The special study will establish the overarching applicability of Zero Trust concepts across multiple networks to support modern and legacy operational systems.

    It will also test Xage’s ability to establish an enterprise data analytics architecture to provide a subset of data collection goals as stated in the DOD Data Strategy across the Navy enterprise. Included in these concepts is the reduction of the potential attack surface associated with network complexity and controls used today to connect the operational unit networks to larger more accessible enterprise networks and systems. The objective is to demonstrate and test secure data access and exchange across complex network types between systems while ensuring data integrity and authenticity services to various applications where data is being consumed. Zero Trust for the Navy requires a cohesive strategy to reach effective adoption of Zero Trust principles across a diversity of missions within the Navy’s domain.

    PMW 790 is requesting BLITZ onboard Xage Security Government as a Zero Trust Identity software candidate. Xage’s software will also be added to the OSA, which is the Navy’s Tactical DSO ecosystem that supports accelerated application development.

    PMW 790 is looking to leverage the USAF Cloud One DSO accreditation of Xage that supports the DOD CIO Zero Trust and reciprocity directives supported by complementary Department of the Navy CIO and Assistant Secretary of the Navy for Research, Development and Acquisition (ASN RDA) directives for cloud, Zero Trust and starting with dollar one focusing on Identity.

    Other focus areas of Zero Trust principles are data integrity and management in support of Chief Digital and Artificial Office (CDAO) initiatives as well as leveraging microsegmentation edge cloud technology for Zero Trust governance.

    About Xage Security Gov
    Xage Security Gov, LLC is a wholly-owned affiliate of Xage Security, Inc., a global leader in Zero Trust access and protection on a mission to pioneer a secure tomorrow. Xage’s solutions and services accelerate and simplify the way organizations secure, manage, and transform digital operations across Operational Technology, IT, and the cloud. Xage products include zero trust access, privileged access management, zero trust data exchange, all powered by the Xage Fabric Platform. Learn why organizations like the U.S. Space Force, PETRONAS, and Kinder Morgan choose Xage at xage.com.

    Xage PR Contact
    press@xage.com

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN attends the ASEAN Leaders’ Interface with ASEAN-Business Advisory Council

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn attended the ASEAN Leaders’ Interface with ASEAN-Business Advisory Council (ASEAN-BAC) in Vientiane, Lao PDR, on 9 October 2024. The ASEAN Leaders welcomed the ASEAN-BAC recommendations and encouraged the business community to play an active role in expanding trade and investment across the region, embracing digital transformation and sustainable development, and supporting deeper regional economic integration.

    MIL OSI Economics –

  • MIL-OSI: Quaint Oak Bank Receives SBA Preferred Lender Program Designation

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., Oct. 09, 2024 (GLOBE NEWSWIRE) — Quaint Oak Bank announced it has been granted the Preferred Lender Program (PLP) designation by the U.S. Small Business Administration (SBA). This prestigious designation is a testament to Quaint Oak Bank’s expertise, experience, and commitment to supporting small businesses across the nation.

    The PLP designation enables Quaint Oak Bank to streamline the SBA loan approval process, providing customers with greater speed and certainty in securing financing. As a PLP lender, the established financial institution is authorized to make unilateral approvals on SBA-guaranteed loans.

    “Our long-standing track record of successful SBA lending has culminated in this recognition,” said Steven Willard, SBA Team Leader and Commercial Relationship Manager. “We are committed to offering the best possible service to our customers and believe that this new designation will enhance our ability to do so.”

    With the SBA’s backing, Quaint Oak Bank can offer flexible financing options to businesses that may not qualify for conventional loans, including those lacking collateral or with projected rather than historical cash flow. This program is particularly beneficial for startups, business acquisitions, and companies experiencing rapid growth.

    For more information about Quaint Oak Bank’s SBA lending services and how the PLP designation can benefit your business, visit http://www.quaintoak.com/business-banking/commercial-loans/sba-loans/.

    About Quaint Oak Bank
    Quaint Oak Bank is a Pennsylvania-chartered savings bank and wholly owned subsidiary of Quaint Oak Bancorp [QNTO], a financial services company. Providing exceptional customer service since 1926, Quaint Oak Bank has adapted and grown to match the ever-changing demands of the market. Dedicated to delivering ground-breaking banking technology to its customers, Quaint Oak Bank offers financial solutions that fuel the future of business. Learn more at http://www.quaintoak.com.

    Contact
    Jake R. Doneker
    Vice President, Commercial Relationships
    Quaint Oak Bank
    215.364.4059

    The MIL Network –

  • MIL-OSI: The U.S. Department of Energy Selects Craft to Protect Federal Investments from Foreign Influence

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) — Craft, the supply chain resilience company, today announced its risk management platform was selected by the United States Department of Energy (DoE) to provide risk assessments for companies that apply for awards and loans through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The collaboration is part of a larger effort to protect U.S. energy infrastructure, technology, intellectual property, and federal investments from hostile foreign nations and influence.

    Currently, more than 500 employees across 61 federal government organizations use the Craft platform in support of the SBIR program to enhance their due diligence practices. The DoE’s Office of Research, Technology & Economic Security is the latest agency to use Craft to conduct due diligence on SBIR award applicants. This formerly manual process is now completed quickly and accurately, and supports compliance with the U.S. SBIR And STTR Extension Act of 2022. With Craft, the DoE can discover foreign ownership and associations across myriad data points including patents, licensing, board seats, politically exposed people, investor locations, blocklists, ultimate beneficial ownership (UBO), and more.

    “The U.S. invests significantly in the private sector to support the country’s energy infrastructure and technological innovation. However, foreign influence poses a major threat,” said Brian Mackerer, group director, Government and Defense Sector, Craft. “Craft’s platform provides the DoE with a gold standard for due diligence and ensures that all investments will advance U.S. energy interests.”

    Craft’s due diligence data and intelligence can be accessed by any U.S. government agency for faster risk assessments and to avoid duplicative work. Its platform will continue to be essential for the DoE and other government agencies to invest confidently and quickly on SBIR awards for important energy technology across batteries, electric grid infrastructure, and renewable and clean energy.

    “Foreign influence is increasingly more difficult to detect and manual vetting processes can slow the rate of U.S. innovation and technological progress,” said a representative from the Department of Energy’s Office of Research, Technology & Economic Security. “Craft’s platform allows us to vet federal funds candidates easier and faster to ensure they are free of hostile foreign influence.”

    Craft’s work with the DoE is the latest in a series of announcements with the U.S. government. In May 2024, Craft announced a $28 million, five-year agreement with the Secretary of the Air Force to bolster due diligence efforts across the Department of Defense. In March 2024, it announced a partnership with Strider Technologies, Inc. to enrich the data used to identify foreign influence within supply chains for federal government agencies and organizations engaged in government contracts.

    “Our vision is for Craft to be the supply chain risk and resilience partner-of-choice for the U.S. government. This collaboration is another step forward in that direction,” said Mackerer.

    For more information about Craft, visit http://www.craft.co or contact press@craft.co.

    About Craft

    Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit http://www.craft.co.

    The MIL Network –

  • MIL-OSI: OnStation Welcomes Former DOT Chief Mack Long to Drive Public Sector Adoption

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Oct. 09, 2024 (GLOBE NEWSWIRE) — OnStation, the leading provider of digital stationing solutions for the heavy highway industry, today announced the appointment of Mack Long as its new Strategic Advisor.

    Mack brings over 30 years of experience working for both contractors and Departments of Transportation. Previously, he served as the Director of the Montana Department of Transportation as well as President and General Manager of Wyoming’s JTL Group. Mack is a recognized expert in the industry and has served as the Chairman of the Committee on Construction for American Association of State Highway and Transportation Officials (AASHTO). In his capacity as strategic advisor, Mack will guide OnStation relationships with public sector officials, research, and grant funds.

    Throughout his career, Mack has been passionate about putting the right technology into the hands of road crews, which aligns with the OnStation corporate mission. “OnStation is the best tool out there for both the DOTs and contractors to make sure their projects get built right. It’s the critical tool that connects every road worker with the information they need to be productive and safe,” said Long.

    CEO Patrick Russo noted how the addition of Mack Long deepens OnStation’s value proposition for DOT and contractor teams who often work side by side on the same projects. The app allows team members to instantly find their live digital station and offset reading, drop flags at specific locations, attach images, send chat messages, and share with colleagues across the entire project.

    “OnStation focuses on providing a digital location to every worker on a jobsite to help make their jobs easier and safer. We solve challenges roadway crew experience daily by aligning the needs of DOT project owners and the contractor community, so everyone derives increased value from digital stationing. Mack’s experience on both sides of road construction project teams will help guide us towards fulfilling this vision. It is awesome our company is attracting folks like Mack, and I am excited to learn from him,” said Russo.

    For more information about OnStation and its solutions, please visit http://www.onstationapp.com. 

    About Mack Long

    Mack was born in Billings, Montana, where he grew up and raised his own family. He attended Montana State University (MSU) in Bozeman, Montana, and graduated in 1986 with a Bachelor of Science in Business Management. After college, Mack worked in Bozeman where he met and married his wife, Karen, in 1990. Mack returned to MSU to earn a Construction Engineering degree. Later, he and Karen moved to Texas where Mack worked for Peter Kiewit & Sons construction and engineering firm. While in Texas, Mack and Karen raised their family and welcomed their son, Nathon to their family.

    In 1995, they moved back to Billings and Mack went to work for the family construction company, JTL Group, Inc. Shortly after moving back, their daughter was born. The family moved to Casper, Wyoming in 1998 where Mack became the President and General Manager of JTL Group, Wyoming. In 2002, Mack moved into JTL Group’s main administrative office and worked with his father, Joel, in Billings. JTL Group, Inc. was acquired by MDU Resources Group Inc. in 1999. When Joel retired in 2003, Mack became the President and Regional Manager for Knife River Corp, Inc., an MDU Resources division, until he retired in 2009.

    Mack has been the owner and partner in business ventures over the past 10 years and his experience in the construction field has been wide and varied across airport reconstruction, highways, utilities work, and major industrial plant construction. In 2021 Governor Greg Gianforte appointed Mack to be the Director of the Montana Department of Transportation. Mack proudly served in this role and was asked to be the Chairman of the Committee on Construction for AASHTO. Mack retired in April of 2024 to spend more time with his wife.

    About OnStation

    OnStation is a collaborative digital stationing platform that offers location-based project records from bid to close. Specifically designed for the heavy highway industry, OnStation’s mobile app centralizes communication, boosts productivity, enhances worker safety, and improves project quality. Users benefit from live jobsite stationing, milepost, and LRS capabilities. They can overlay design layers on the project map and communicate via a custom chat platform that organizes and records project events at their locations. OnStation is available on both the Apple App Store and Google Play Store and is supported on all desktop systems.

    Contact

    Jessica Kodrich
    jkodrich@onstationapp.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e4dccfb6-c5d1-4af4-851b-79ec1f2b4e36

    The MIL Network –

  • MIL-OSI: Customers award Rightworks with record 11 badges in G2 Fall 2024 Reports

    Source: GlobeNewswire (MIL-OSI)

    NASHUA, N.H., Oct. 09, 2024 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud services provider purpose-built for accounting firms and professionals, is proud to announce it earned a record 11 badges in G2’s Fall 2024 Reports for its OneSpace and OneSpace Firm solutions. The top honors from G2 continue to differentiate Rightworks as a leader in the accounting profession for its secure, advanced and user-friendly solutions and services backed by dedicated, expert support.

    Rightworks OneSpace earned the following recognitions in G2’s Fall 2024 Reports:

    • Leader
    • Leader — Small-Business
    • High Performer (for OneSpace Firm)
    • High Performer
    • High Performer — Mid-Market
    • High Performer — Small-Business
    • Users Love Us
    • Best Support — Mid-Market
    • Easiest To Do Business With
    • Easiest To Do Business With — Small-Business
    • Momentum Leader

    “We typically see only around 10% of all vendors on G2 appear in our quarterly Market Reports, so it’s a major accomplishment that Rightworks has been recognized this season, 2024,” said Sara Rossio, Chief Product Officer at G2. “We extend our congratulations to Rightworks for receiving praise through authentic customer reviews, powering its rankings on the world’s largest and most trusted software marketplace.”

    Rightworks achieved Leader and High Performer recognition by receiving positive reviews from verified users compared to similar products in each category. Products must receive 10 or more reviews to be included. In G2’s Fall 2024 Reports, just 6% of the Software & Services received a Leader badge.

    “We are honored to receive this remarkable G2 recognition for the 14th consecutive quarter. Our achievement reflects our ongoing efforts to deliver innovative solutions uniquely focused on the accounting profession and support that elevates our customers’ experience,” said Joel Hughes, CEO of Rightworks.

    G2 is the world’s largest and most trusted software marketplace. More than 90 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews.

    Learn more about what users have to say by visiting Rightworks’ review page.

    Connect with Rightworks
    Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook and Instagram.

    About Rightworks
    Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud environment purpose-built for the accounting and tax profession, and Rightworks Academy, the premier community for firm optimization, growth and professional development. The Academy offers access to thought leadership, events, peer communities and extensive learning resources. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook and Instagram.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e6a06dcf-e109-4b95-a3ac-7be45320f996

    The MIL Network –

  • MIL-OSI: Air Capital Wealth Management Launches with LPL Financial

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisors Michael Caffrey, CRPC®, Derek Keller, CFP®, CPFA®, CRPC®, MBA, and Gabriel Parham have launched a new independent practice, Air Capital Wealth Management, through affiliation with LPL Strategic Wealth Services, a supported independence model. The team reported having served approximately $685 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch.

    Based in Wichita, Kan., known as the Air Capital of the World, the advisors are longtime colleagues who each bring diverse experiences and perspectives to the team. Caffrey was mentored by his father, Ron Caffrey, and has earned recognition on several Forbes lists**. Parham also grew up in the business and recalls making 50-cents an hour as a child to help his mother file — a job that sparked his interest in investments early on. Keller has nearly two decades of experience guiding clients’ financial lives. Together, with support from two assistants, the advisors share a commitment to providing comprehensive services and personalized advice to their clients.

    “Our mission is to help each individual client with their financial goals by simplifying the complexities, making it easier for them to understand,” said Parham, who noted their client base spans from doctors, engineers and pilots to farmers, teachers and small business owners. “We are passionate about building deep relationships with clients and providing them with personalized financial strategies.”

    As they continue to honor the legacy of the firm’s early leaders, Ron Caffrey, Janet Johnson and Deborah Rowley, all who have since retired, the Air Capital team decided the independent model would best suit the growing needs of their business.

    “We want to be able to focus on clients, their goals and objectives, not corporate mandates,” Caffrey said. “LPL provides us with the flexibility and resources we need to make our own decisions and build our business how we want. We also have several new options across the board within LPL’s open architecture platform, including more planning software, which allows us to provide even more comprehensive and personalized experiences for our clients.”

    The team was drawn to LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically. In addition to having access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice. Then, after the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.

    “We truly appreciate all of these dedicated resources and sophisticated capabilities behind the scenes to allow us to run the business as we see fit while also ensuring clients are getting the best care,” Keller said. “We look forward to having more time to interface with clients and providing them with differentiated experiences.”

    Outside the office, all three advisors are active in the community. Keller is a Boy Scout leader, member of Shriners International and proud supporter of his alma mater, Wichita State University. Parham is a member of The American Legion and Fuse Foundation. He also supports Kansas Honor Flight and Big Brothers Big Sisters. Caffrey supports several organizations including the Wichita Wagonmasters, East YMCA Men’s Club, Senior Services of Wichita and St. Thomas Catholic Church. As independent advisors, they look forward to expanding their local presence by using Wichita-based vendors and investing more back into the community.

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Mike, Derek and Gabe to LPL and congratulate them on the launch of their new independent business. We are committed to being a long-term partner to the Air Capital team — and all our advisors — by delivering a leading wealth management platform that supports the full lifecycle of their business.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

    Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. Air Capital Wealth Management and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2023.

    ** Forbes “2024 Best-in-State Wealth Advisors,” “2024 Best-in-State Wealth Management Teams,” and “2024 Next-Gen Best-in-State.”

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #639367

    The MIL Network –

  • MIL-OSI Canada: Prime Minister announces new Ministerial Lead for Jasper

    Source: Government of Canada – Prime Minister

    Following last summer’s unprecedented wildfires that devastated the historic town of Jasper, the community is rebuilding. Businesses are getting back on their feet. Visitors are returning. Jasper is resilient.

    Amid the fires, we worked closely with the Municipality of Jasper and the Government of Alberta to provide urgent support to Albertans and impacted Indigenous communities. As we look ahead, we remain committed to ensuring the long-term recovery of Jasper – one of Canada’s national treasures.

    As part of the federal government’s commitment to the people of Jasper, the Prime Minister, Justin Trudeau, today announced that Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, will also serve as Ministerial Lead for Jasper.

    In this role, Minister Boissonnault will lead the federal government’s work to support people and businesses in Jasper and to ensure the community rebuilds stronger than ever. He will co-ordinate federal support with provincial, municipal, and Indigenous partners to accelerate the recovery process, report on its progress, and ensure environmental protection measures remain world class. He will be supported in this role by a working group of Cabinet ministers – each with their own mandate in helping Jasper recover.

    Rebuilding from last summer’s wildfires will require a collective effort. The Government of Canada stands ready to provide financial assistance to the Government of Alberta through the Disaster Financial Assistance Arrangements (DFAA), to help with response and recovery costs and build back stronger.

    A home to Indigenous Peoples since time immemorial and a place of natural beauty that has long attracted visitors from all over the world, Jasper is the heart of a vibrant community and national park. Our efforts to restore it are a testament to our commitment to Albertans and to conservation and environmental stewardship for future generations.

    Quotes

    “Our government is here for the people of Jasper. With Minister Boissonnault’s role as Ministerial Lead, we’re undertaking a collective effort – with resources, investments, and partnerships – to help Jasper recover.”

    “As the Alberta Minister in Cabinet and a longtime Jasper visitor, I accept the responsibility that the Prime Minister has given me to lead the rebuild of one of our nation’s most breathtaking communities. Jasper holds a special place in the hearts of millions. My colleagues and I will work hard to give Mayor Ireland, the Town Council, local businesses, and every Jasperite the support they need to build the town back on their terms – and even better than before.”

    Quick Facts

    • Last summer’s wildfires in Jasper National Park were the largest to impact the park in more than a century. Firefighter crews did a heroic job in saving 70 per cent of the infrastructure in the town of Jasper. Recovery and rebuilding efforts are focused on revitalizing both the town and park.
    • Over the course of the incident, over 3,000 personnel from Parks Canada and other agencies across the country worked with the common goals of suppressing the wildfires and helping community members re-enter the town and national park.
    • The working group of Cabinet ministers that will support Minister Boissonnault in his role as Ministerial Lead includes:
      • Steven Guilbeault, Minister of Environment and Climate Change
      • Harjit S. Sajjan, President of the King’s Privy Council for Canada and Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada
      • Dan Vandal, Minister of Northern Affairs, Minister responsible for Prairies Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency
      • Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency
      • Sean Fraser, Minister of Housing, Infrastructure and Communities
      • Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario
    • On July 25, 2024, the Government of Canada approved a request for federal assistance from Alberta to provide firefighting resources, strategic airlift capacity, as well as resources and logistics support from the Canadian Armed Forces to help keep people in Jasper and across the province safe from harm and protect their communities from wildfires.
    • On July 28, 2024, the federal government announced a donation-matching program with the Canadian Red Cross to support wildfire disaster relief and recovery efforts in Alberta, including in Jasper.
    • In the immediate aftermath of the fire, the Government of Canada stepped up to ensure all those impacted could receive essential services and benefits. This included:
      • Providing enhanced Service Canada delivery, outreach to evacuees, and deployment of Service Canada employees to evacuation centres to assist clients in submitting applications for benefits, such as Employment Insurance.
      • Replacing citizenship, immigration, or travel documents that were lost, damaged, or destroyed; extending or restoring people’s temporary resident status; transitioning employer-specific work permits to open work permits, as needed.
    • On October 3, 2024, Bill C-76, An Act to amend the Canada National Parks Act, received Royal Assent. The amendments made to the Act aim to enable the transfer of land use planning and development authorities from Parks Canada to the Municipality of Jasper, to support long-term recovery and rebuilding efforts.
    • Through the Disaster Financial Assistance Arrangements (DFAA), the federal government covers up to 90 per cent of eligible provincial response and recovery expenses following a disaster, including:
      • Evacuation, transportation, emergency food, shelter, and clothing.
      • Repairs to public buildings and related equipment, roads, and bridges.
      • Restoration or replacement of individuals’ uninsurable dwellings (principal residences only), personal furnishings, appliances, and clothing.
      • Restoration of small businesses and farmsteads, including uninsurable buildings and equipment.

    Associated Links

    MIL OSI Canada News –

  • MIL-OSI: Redwood Services Wins Memphis Business Journal’s Best Places to Work

    Source: GlobeNewswire (MIL-OSI)

    MEMPHIS, Tenn., Oct. 09, 2024 (GLOBE NEWSWIRE) — Redwood Services (“Redwood”), a home services firm focused on investing in leading residential HVAC, plumbing and electrical services companies in growing U.S. markets, today announced it has won the Memphis Business Journal’s Best Places to Work award in the “Small Business” category.

    “Each day, I witness our Partner Support Center (PSC) teammates come together to help support and elevate our Partner Companies across the country. This is the highest performing team I’ve ever been a part of,” said Richard Lewis, Founder and CEO of Redwood Services. “I want to take the opportunity to thank our PSC teammates for creating such a strong culture, one of both entrepreneurial spirit and accountability.”

    “Since creating Redwood in 2020, we have built one of the top home services firms in the United States. That said, Richard will be the first to tell you our company wouldn’t be where we are today without our PSC teammates giving their all to our Partners and their teams,” said John Conway, Chief Operating Officer of Redwood Services. “This award is another proof point that the vision we laid out from the start is unique and succeeding. I look forward to seeing Redwood’s growth in the years to come.”

    The Memphis Business Journal’s Best Places to Work Awards honors companies in the Mid-South that create policies and foster a work environment that employees value. Memphis Business Journal asked Redwood employees to complete an independent, quantitative, confidential, online employee engagement survey. The Memphis Business Journal analyzed survey results from companies across the Memphis metropolitan area.

    To learn more, read The Memphis Business Journal’s feature story of Redwood Services here.

    About Redwood Services                                              

    Founded in 2020, Memphis-based Redwood Services is building a family of people-focused essential home service companies, actively investing in the HVAC, plumbing and electrical trades throughout the United States. Redwood operates 15 industry leading brands as it continues to build out a national home services platform.

    For more information, visit RedwoodServices.com.

    The MIL Network –

  • MIL-OSI Europe: Government honours victims on anniversary of attack against Israel

    Source: Government of Sweden

    Government honours victims on anniversary of attack against Israel – Government.se

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    Published

    On 7 October 2023, Hamas committed the worst mass murder of Jews since the Holocaust. Prime Minister Ulf Kristersson was joined by other ministers in a ceremony at Stockholm’s Great Synagogue on the evening of 7 October 2024 to honour the memory of the victims of the attack.

    • Prime Minister Ulf Kristersson delivers a speech during the memorial ceremony at Stockholm’s Great Synagogue on 7 October.

      Photo: Ninni Andersson/Government Offices

    • Prime Minister Ulf Kristersson in discussion at the memorial ceremony at Stockholm’s Great Synagogue on 7 October, the anniversary of the 2023 terrorist attack against Israel.

      Photo: Tom Samuelsson/Government Offices

    • Minister for Energy, Business and Industry Ebba Busch, Minister for Foreign Affairs Maria Malmer Stenergard, Minister for Migration Johan Forssell, Minister for Gender Equality and Working Life Paulina Brandberg and Minister for Civil Defence Carl Oskar Bohlin attended the memorial ceremony.

      Photo: Tom Samuelsson/Government Offices

    Mr Kristersson delivered a speech during the ceremony and spoke about honouring the memory of those murdered on 7 October, the importance of an immediate and unconditional release of the hostages and the need for the whole of Swedish society to continue to fight antisemitism.

    Aron Verständig, Chair of the Official Council of Swedish Jewish Communities, and Ziv Nevo Kulman, Israel’s Ambassador to Sweden also spoke.

    Other Government representatives in attendance were Minister for Energy, Business and Industry Ebba Busch, Minister for Foreign Affairs Maria Malmer Stenergard, Minister for Migration Johan Forssell, Minister for Gender Equality and Working Life Paulina Brandberg and Minister for Civil Defence Carl Oskar Bohlin. 

    The ceremony was organised by the Jewish Community in Stockholm and the Embassy of Israel in Stockholm.

    MIL OSI Europe News –

  • MIL-OSI Canada: Taxpayers’ Ombudsperson releases 2023–2024 Annual Report 

    Source: Government of Canada News (2)

    Canada’s Taxpayers’ Ombudsperson, Mr. François Boileau, released his annual report, Fair Access to Service, which was tabled yesterday in the House of Commons by Ms. Iqra Khalid, Parliamentary Secretary to the Minister of National Revenue. The report provides an overview of the activities of the Office of the Taxpayers’ Ombudsperson (OTO) between April 1, 2023, and March 31, 2024.

    OTTAWA, October 9, 2024 — Canada’s Taxpayers’ Ombudsperson, Mr. François Boileau, released his annual report, Fair Access to Service, which was tabled yesterday in the House of Commons by Ms. Iqra Khalid, Parliamentary Secretary to the Minister of National Revenue. The report provides an overview of the activities of the Office of the Taxpayers’ Ombudsperson (OTO) between April 1, 2023, and March 31, 2024.

    The report details how the OTO influenced service improvements at the Canada Revenue Agency (CRA) by reviewing service issues and complaints. It also includes three recommendations to the Minister of National Revenue and the Chair of the Board of Management to improve the CRA’s service to Canadians.

    Through the lens of how the OTO’s work can be a catalyst for change at the CRA, the first section of the report examines complaint trends for the 2023–2024 fiscal year, during which the OTO made a difference by:

    • answering over 4500 enquiries
    • receiving over 2800 complaints
    • referring almost 1400 complaints to CRA Service Feedback
    • prioritizing over 500 complaints and requesting that the CRA review the taxpayer’s issue urgently

    These were the highest number of complaints and enquiries the OTO has ever received outside of the COVID-19 pandemic.

    The report also explains how the OTO influenced change at the CRA through requests for service improvement, and it describes the CRA’s actions resulting from these requests. For example, in March 2024, the Ombudsperson requested that the CRA make changes to prevent an issue blocking callers from reaching its contact centres during regular hours of service. As a result, the CRA changed its telephone system to allow callers to access its Individual Tax, Benefits, and Business Enquiries telephone lines during all hours in which the contact centres were open across Canada, regardless of the area code or time zone of the caller.

    Additionally, the report analyzes the CRA’s efforts to make sure vulnerable and hard-to-reach populations get the benefits and credits they are entitled to. It analyzes the CRA’s existing programs, including the Community Volunteer Income Tax Program and SimpleFile by Phone, and discusses how they could be improved to better meet Canadians’ needs.

    2023–2024 report highlights:

    Recommendations

    The Taxpayers’ Ombudsperson recommends:

    1.    (…) that the CRA actively work to harmonize the operating hours of the services it provides so that residents across the country receive equal hours of service during the same operating hours depending on the various time zones in the country, to ensure equal availability of services to residents across the country.

    2.    (…) that the CRA define the eligibility criteria for the Community Volunteer Income Tax Program (CVITP) and the Income Tax Assistance – Volunteer Program (ITAVP) in Quebec, to allow self-employed individuals with a modest income and simple expenses, access to free tax clinics where such a service can be made available.

    3.    (…) that the CRA:

    a)    Provide a permanent grant program for organizations participating in the Community Volunteer Income Tax Program (CVITP) and the Income Tax Assistance – Volunteer Program (ITAVP); and

    b)    Continue to provide supplemental grant amounts to those that serve Indigenous communities and those organizations that operate in northern, rural and remote communities.

    Trends in complaints

    1.    Collection actions: The CRA fully resumed collection activities in February 2023 after they were put on hold during the COVID-19 pandemic. When compared with the previous fiscal year (April 1, 2022, to March 31, 2023), this fiscal year saw more than double the number of complaints and more than triple the number of enquiries related to a CRA collection issue.

    2.    Quality of service provided by CRA contact centres: CRA contact centres continued to generate complaints. For many years, Canadians have made us aware of their dissatisfaction with this service. Some of the issues raised by Canadians related to excessive wait times, receiving conflicting or inconsistent information, agent behaviour, and calls being dropped prematurely.

    3.    Delays in receiving notices of assessment and refunds: We heard that the CRA was taking too long to process income tax and benefit returns and send the related notices of assessment.

    4.    Delays in obtaining the Canada child benefit (CCB): Canadians told us that they experienced delays in the CRA processing their CCB applications and in verifying their eligibility. We also heard from Canadians that they received benefits late due to delays in the CRA processing their income tax and benefit returns. We noted these issues particularly when it was not clear to the CRA who was primarily responsible for the care of the child.

    5.    Delays in resolving service complaints: The CRA’s service standard to resolve complaints is 30 business days from when they receive it. We heard from taxpayers who said the CRA took much longer and were not satisfied with the length of time the CRA took to respond.

    Background information

    The Office of the Taxpayers’ Ombudsperson works independently from the CRA. Canadians can submit complaints to the Office if they feel they are not receiving the appropriate service from the CRA. Our main objective is to improve the service the CRA provides to taxpayers and benefit recipients by reviewing individual service complaints and service issues that affect more than one person or a segment of the population.

    The Taxpayers’ Ombudsperson assists, advises and informs the Minister of National Revenue about matters relating to services provided by the CRA. The Ombudsperson ensures, in particular, that the CRA respects eight of the service rights outlined in the Taxpayer Bill of Rights.

    MIL OSI Canada News –