Category: DJF

  • MIL-OSI Asia-Pac: Result of tenders of RMB Sovereign Bonds held on October 16, 2024

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

         Result of the tenders of RMB Sovereign Bonds held on October 16, 2024: 
     

    Tender Result

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

    Tender Date
    :
    October 16, 2024

    Bonds available for Tender
    :
    2-year RMB Bonds

    Issuer
    :
    The Ministry of Finance of the People’s Republic of China

    Issue Number
    :
    BCMKFB24001 (Further Issuance)

    Issue and Settlement Date
    :
    October 18, 2024

    Maturity Date
    :
    March 15, 2026 (or the closest coupon payment date)

    Coupon Rate
    :
    2.20 per cent

    Application Amount
    :
    RMB 7,626 million

    Issue Amount
    :
    RMB 3,000 million

    Average Accepted Price
    :
    100.68

    Lowest Accepted Price
    :
    100.63

    Highest Accepted Price
    :
    100.91

    Allocation Ratio (At Lowest Accepted Price)
    :
    Approximately 36.36 per cent

    Tender Result

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

    Tender Date
    :
    October 16, 2024

    Bonds available for Tender
    :
    3-year RMB Bonds

    Issuer
    :
    The Ministry of Finance of the People’s Republic of China

    Issue Number
    :
    BCMKFB24002 (Further Issuance)

    Issue and Settlement Date
    :
    October 18, 2024

    Maturity Date
    :
    March 15, 2027 (or the closest coupon payment date)

    Coupon Rate
    :
    2.28 per cent

    Application Amount
    :
    RMB 8,799 million

    Issue Amount
    :
    RMB 3,000 million

    Average Accepted Price
    :
    101.14

    Lowest Accepted Price
    :
    101.01

    Highest Accepted Price
    :
    101.37

    Allocation Ratio (At Lowest Accepted Price)
    :
    Approximately 27.05 per cent

    Tender Result

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

    Tender Date
    :
    October 16, 2024

    Bonds available for Tender
    :
    5-year RMB Bonds

    Issuer
    :
    The Ministry of Finance of the People’s Republic of China

    Issue Number
    :
    BCMKFB24003 (Further Issuance)

    Issue and Settlement Date
    :
    October 18, 2024

    Maturity Date
    :
    March 15, 2029 (or the closest coupon payment date)

    Coupon Rate
    :
    2.39 per cent

    Application Amount
    :
    RMB 12,456 million

    Issue Amount
    :
    RMB 2,000 million

    Average Accepted Price
    :
    101.86

    Lowest Accepted Price
    :
    101.72

    Highest Accepted Price
    :
    102.49

    Allocation Ratio (At Lowest Accepted Price)
    :
    Approximately 56.00 per cent

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CE’s speech in delivering “The Chief Executive’s 2024 Policy Address” to LegCo (10)

    Source: Hong Kong Government special administrative region

    (C) Take Forward the Construction of Transport InfrastructurePromote Major Transport Infrastructure Development183. The Government is actively following through the Major Transport Infrastructure Development Blueprint for Hong Kong, under which the Hung Shui Kiu Station and the NOL Main Line are to commence construction this year and next year for tentative completion in 2030 and 2034 respectively. In parallel, cross‑boundary railway projects are pressed ahead at full speed, including the Hong Kong‑Shenzhen Western Rail Link (Hung Shui Kiu‑Qianhai) and the NOL Spur Line, to enhance linkage between Hong Kong and Shenzhen.Build Smart and Green Mass Transit Systems184. Devoted to take forward the three smart and green mass transit systems, and for compressing the time required for construction, we invited suppliers and operators to submit expressions of interest for the East Kowloon and Kai Tak projects this August.  We will invite expressions of interest for the Hung Shui Kiu/Ha Tsuen projects later this year. Through innovative implementation mode and construction methods, we aim to complete the Kai Tak project three years ahead of the original target completion date.(D) Deepen Reform of the Healthcare System185. To enhance the health of the people of Hong Kong, improve healthcare protection and quality, and capitalise on our healthcare professions’ strengths, the Government will conduct a comprehensive review on the positioning and objectives of the healthcare system. The review will cover the following areas: reforming the functions and division of work among the Hospital Authority (HA), the Department of Health (DH) and the Primary Healthcare Commission (PHC Commission), strengthening health promotion and disease prevention in primary healthcare, and improving public healthcare services. In parallel, we will reform private healthcare services in terms of their quality, cost‑effectiveness and price transparency, providing the public with high quality, cost‑effective and affordable healthcare service options. We will also support manpower training and technology innovation, helping to uphold the global standing and regional advantage of Hong Kong’s healthcare professions. This will also be conducive to the development of Hong Kong into an international health and medical innovation hub, an advanced medical service centre in Asia, a place where medical professionals cluster, as well as a bridge for East‑and‑West healthcare exchanges.Advance Primary Healthcare Development186. The Government will promote the development of primary healthcare on all fronts, including:(i) formulating legislation to strengthen the regulatory framework of primary healthcare and authorise the PHC Commission to set up quality assurance and monitoring mechanisms;(ii) developing a community drug formulary and launching a community pharmacy programme to help the public obtain affordable, primary‑healthcare drugs through central purchasing and the community network;(iii) devising health promotion strategies by adopting a life‑course framework to formulate health management plans for the public according to age and health conditions;(iv) revamping maternal and child health and family‑planning services to strengthen pre‑pregnancy counselling and parental education and promote healthy fertility;(v) strengthening the Whole School Health Programme to recommend targeted school‑based measures for physical activities, meals and other matters for each school to improve students’ physical and psychological well‑being;(vi) upgrading more District Health Centre Expresses into District Health Centres (DHCs), and expanding the service network, and integrating the services of Woman Health Centres and Elderly Health Centres;(vii) expanding the Chronic Disease Co‑Care Pilot Scheme to cover blood lipid testing; positioning the HA’s general out‑patient services as the comprehensive, primary healthcare service providers for the underprivileged;(viii) formulating risk‑based screening programmes for prevalent cancers on a gradual basis, including breast cancer screening, exploring the use of AI to assist lung cancer screening, and implementing hepatitis B screening to prevent liver cancer;(ix) launching a Primary Dental Co‑Care Pilot Scheme for Adolescents to encourage the prevention of dental diseases, as well as a Community Dental Support Programme to enhance dental services for underprivileged groups. This would include elderly persons in financial hardship, replacing the Community Care Fund Elderly Dental Assistance Programme, and introducing preventive dental services for pre‑school children; and(x) continuing efforts in tobacco control.Enhance Public and Private Healthcare Services187. The Government will strengthen the HA’s public healthcare services, including:(i) reviewing the structure and levels of the HA’s fees and charges to encourage prudent use of services and direct resources to patients who need them most and for those with serious or critical conditions, while increasing support for patients with financial difficulties and strengthening the financial sustainability of the targeted subsidisation of public healthcare services;(ii) strengthening the centralised procurement of drugs and medical devices by various clusters of the HA system in order to enhance their bargaining power and to expedite, in a more proactive manner, the introduction of new drugs, meeting efficacy and cost‑effectiveness standards to the Drug Formulary;(iii) formulating a directory for inherited and rare diseases by using the Hong Kong Genome Institute’s genomic data, thereby facilitating early diagnosis and treatment by clinical teams, while supporting relevant research and clinical trials to promote precision medicine;(iv) fully integrating the paediatric services of various clusters at Hong Kong Children’s Hospital and developing more advanced healthcare services to make the best use of the Children’s Hospital;(v) finalising the projects and timetable of the Second Hospital Development Plan to dovetail with the development of the Northern Metropolis and to address the needs of local districts;(vi) setting up, in accordance with national accreditation standards, the first stroke centre and the second chest pain centre;(vii) enhancing the triage system and referral arrangements for specialist out‑patient services, including setting up inter‑specialty, integrated, out‑patient clinics to avoid the need for multiple referrals; and(viii) increasing the service capacity for cataract surgeries by at least 20%.188. The Government will also enhance the quality and efficiency of healthcare services, including:(i) establishing a professional platform for developing evidence‑based clinical protocols and exploring the feasibility of devising service quality and efficiency standards for public and private healthcare sectors;(ii) developing quality indicators for public and private healthcare systems and exploring legislating for private healthcare price transparency to enhance service efficiency and address the issue of medical inflation, with the plan to consult the healthcare sector next year; and(iii) amending relevant legislation to require all healthcare providers to deposit essential health data in the personal eHealth accounts of members of the public, enabling the latter to have more complete electronic health records and enhance continuity of medical care.Bring in More Healthcare Professionals189. We will promote the use of the legislation passed earlier to proactively admit more non‑local doctors, nurses and dentists to enhance manpower. The Government will introduce a bill on the admission of qualified non‑locally trained supplementary medical professionals next year.Support Establishment of a Third Medical School190. In addition to increasing training places of the existing two medical schools, the Government supports the plan, by local universities, to establish a third medical school, increasing the number of doctors and supporting the city’s development as an international health‑ and medical‑innovation hub. A task group will be set up, inviting universities interested in establishing the new medical school to submit proposals. The Government will set aside sites in the Northern Metropolis Ngau Tam Mei to develop the new medical school campus and build an integrated medical teaching and research hospital.Promote Development of Chinese Medicine191. To develop Hong Kong into a bridgehead for the internationalisation of Chinese medicine (CM), the Government will make use of Hong Kong’s advantages in its healthcare system, regulatory regime, standard‑setting, clinical research and trade, and other areas. We will publish the CM Development Blueprint next year, and take forward the following measures:(i) exploring the application of big data to foster international research collaboration on herb‑drug interaction to discover more evidence of clinical significance, promoting the internationalisation of CM;(ii) expanding integrated Chinese‑Western medicine services to cover more diseases in which CM has an advantage, including respiratory diseases and knee osteoarthritis, and to progressively extend the cancer care programme to all hospital clusters;(iii) rolling out the first Chinese Medicine Hospital and the permanent premises of the Government Chinese Medicines Testing Institute, which are expected to be completed and begin phased operation next year; and(iv) organising the first edition of the Hong Kong Chinese Medicine Cultural Festival to promote the culture of CM in collaboration with the industry.Promote Mental Health192. The Government will extend integrated services based on a medical‑educational‑social collaboration model to promote mental health. Relevant measures include:(i) formulating a stepped care model for mental health – We will develop a multi‑disciplinary framework with tiers, from dealing with general emotional problems in the frontline to handling cases requiring follow‑up and more serious mental illnesses cases.  The framework sets out the roles of different professionals (such as teaching staff, social workers and healthcare workers) and their division of work in the provision of mental health services for cases in each tier, enabling them to work together and perform their respective roles smoothly;(ii) raising community awareness of mental health – An annual promotional theme will be set for the Mental Health Workplace Charter, and recognition will be given to participating organisations for achieving targets. We will also promote the 4Rs Mental Health Charter in schools to promote the mental health of students, teaching staff and parents in a more holistic manner;(iii) enhancing support for children and adolescents – We will extend and enhance the Three‑Tier School‑based Emergency Mechanism, and launch the “Mental Health Literacy” resource packages for senior secondary and lower primary levels. A real‑time, online youth‑emotional‑support platform will be set up in the second quarter of next year;(iv) facilitating the integration of persons in mental recovery into the community – We will set up Transitional Support Service Teams for Persons in Mental Recovery, offering support to discharged patients waitlisted for halfway house service. The Social Welfare Department (SWD) will also set up an additional Integrated Community Centre for Mental Wellness; and(v) strengthening teacher training and parent education – We will strengthen teachers’ capacity in the early identification of, and support for, students with mental health needs, and assist parents in acquiring the knowledge and skills in addressing children’s mental health.(E) Build a Caring and Inclusive Society193. I attach great importance to building a harmonious and stable community, one that is caring and inclusive, providing targeted assistance to the underprivileged and families in need. Social welfare tops public expenditures of all policy portfolios, with more than $300 million spent on social welfare each day. This underlines the Government’s emphasis on social welfare.Targeted Poverty Alleviation194. The Government has adopted the strategy of targeted poverty alleviation by directing resources to those most in need. This approach is well‑received by the community. We will focus on the following key areas:(i) expanding the Strive and Rise Programme – We will launch the third cohort of the programme this year to recruit 4 000 mentees. We will also encourage youth leaders of the Alumni Club to organise activities for self‑development, enhance training for mentors and related initiatives;(ii) extending the Pilot Programme on Community Living Room (CLR) – We will set up three additional CLRs next year in areas clustered with SDUs. They are expected to benefit about 1 300 target households, serving about 200 000 attendances a year.  Including the four CLRs already launched, they are expected to serve about 3 050 SDU households, drawing about 470 000 attendances a year;(iii) enhancing the School‑based After‑School Care Service Scheme – Beginning this school year, the number of primary schools covered by the Scheme will increase from 50 to over 110, enabling students in need to stay at school outside school hours for care and learning support, allowing their parents to take up jobs. Subject to actual utilisation and outcome of the scheme, we plan to encourage more schools to participate in the scheme, without capping the number of places, in the 2025/26 school year; and(iv) subsidising elderly recipients of the Comprehensive Social Security Assistance (CSSA) to reside in residential care homes for the elderly (RCHEs) in the Guangdong Province – We will launch a three‑year pilot scheme next year to subsidise elderly CSSA recipients retiring in Guangdong to reside in designated RCHEs in the Guangdong Province. Each eligible elderly person will receive a monthly subsidy of $5,000, subject to a quota of 1 000.Care for the Elderly195. The Government attaches great importance to caring for the elderly in need and has been constantly strengthening elderly services.  The total number of vouchers under the Residential Care Service Voucher Scheme for the Elderly will be increased by 20% to 6 000, allowing more frail elderly persons to be admitted to RCHEs of their choice and receive subsidised care services without waiting.196. We will enhance the Residential Care Services Scheme in Guangdong to provide more choices and support for elderly persons who opt to stay in RCHEs in the province. Relevant measures include:(i) increasing the number of participating RCHEs from the existing 4 to 11 in November 2024;(ii) sharing part of the elderly participants’ medical expenses in Guangdong; and(iii) engaging organisations to provide care services for participating elderly persons to help them adapt to living in Guangdong.197. We are providing, through the Special Scheme to Import Care Workers for RCHs, additional manpower support for local residential care homes (RCHs) and enhancing their staff quality. We are also conducting a holistic review of the skill and qualification requirements of RCH staff providing health and rehabilitation services, including the creation of promotion ranks for incumbent health workers and the relaxation of the academic qualification for the Certificate in Progression Training for Care Workers programme. The review is expected to be completed by the end of this year.198. The Government is also discussing with the banking sector possible ways to enable Hong Kong elderly persons retiring in Guangdong and Fujian Provinces to receive portable cash assistance from the Government more conveniently through banks.Support Carers199. The Government is committed to supporting carers. In addition to providing carers’ allowance, respite services, a one‑stop information gateway and the 24‑hour Designated Hotline for Carer Support 182 183, we launched the District Services and Community Care Teams – Pilot Scheme on Supporting Elderly and Carers in Tsuen Wan and Southern District this March. Trained by the SWD, Care Teams of the two districts identify and reach out to households in need, and provide support to the elderly and carers who seek help from the Designated Hotline. The scheme has achieved good results. In the past six months, the Care Teams visited 4 700 families and referred about 900 cases to social welfare organisations for follow‑up. Next year, we will extend the scheme to across the territory, supporting elderly persons and carers in all 18 districts.200. We will also explore the setting up of an inter‑disciplinary and inter‑organisation database. It will cover carers of elderly persons and carers of persons with disabilities (PWDs) and the use of identification tools designed by university teams for the detection of high‑risk cases and early intervention and support.Strengthen Support for Persons with Disabilities201. We will further enhance the rehabilitation services for PWDs, including:(i) establishing 14 Integrated Community Rehabilitation Centres across the city with the provision of 1 280 additional service places, to support PWDs based on their individual needs and rehabilitation progress through an integrated, case‑management approach;(ii) creating 90 additional peer‑support posts to enhance peer assistance for PWDs and their carers;(iii) setting up an additional District Support Centre for PWDs in New Territories East; and(iv) providing about 1 040 additional places for day, residential and pre‑school rehabilitation services, and exploring the establishment of Special Child Care Centres on vacant kindergarten premises.202. To encourage and support PWDs to engage in employment, the Government will introduce the “Caring Employer” medal, commending employers who actively engage PWDs; promote the establishment of more social enterprises engaging PWDs; and enhance the services and training models of sheltered workshops and integrated vocational rehabilitation services centres, building a better vocational rehabilitation and training ladder for PWDs.Promote Women’s Development203. There are many women in Hong Kong playing leading roles. To promote women’s workplace development, we will establish a network run by leading women from all walks of life and launch a mentorship programme “She Inspires”. Under the programme, female university students will be paired with mentors from the senior management of different sectors.Support Working Parents204. To support working parents, I announced the setting up of 10 aided, standalone, child care centres last year. The Government will set up one more child care centre providing 100 additional places for day child care services. Service places under the Neighbourhood Support Child Care Project will be increased by 25%, to 2 500, with the estimated number of beneficiaries increasing to 25 000.Protect Children205. The LegCo has enacted the Mandatory Reporting of Child Abuse Ordinance to require professionals in the social welfare, education and healthcare sectors to report serious child‑abuse cases. To strengthen parental education, the SWD will launch a pilot scheme to set up four Community Parents and Children Centres to promote parent‑child interaction and pass on positive‑parenting skills to parents through play‑based services, supporting families in need.Provide Support for Ethnic Minorities206. To help ethnic minorities (EMs) better integrate into the community, I announced the setting up of two additional support‑service centres for EMs last year, which will begin operation by the end of this year. The Government will engage one more support service centre to provide interpretation and translation services for EMs next year, reducing language barrier concerns. The EDB will strengthen Chinese learning support and parental assistance for non‑Chinese speaking (NCS) students (including EM students), providing after‑school Chinese‑language courses, enhancing the Online Chinese Language Self‑learning Resources and organising cross‑school, teacher‑learning communities. The EDB will also provide parental education activities for the parents of NCS children.Care Teams207. Care Teams are the Government’s key service teams under the improved district governance structure. Fully launched across the city last year, all 452 Care Teams have been working diligently and providing a wide range of caring and support services for the community. To date, they have visited about 230 000 elderly households and other households in need, and provided over 22 000 counts of simple household care or other support services. Their service have been well‑received by the public. The Government will regularise the funding provision for Care Teams and increase funding by 50% in the next term of service in support of their work.(To be continued.)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CE’s speech in delivering “The Chief Executive’s 2024 Policy Address” to LegCo (9)

    Source: Hong Kong Government special administrative region

    VIII. Improve People’s Livelihood in Pursuit of Happiness (A) Housing: Continuously Enhance Speed, Quantity, Quality and EfficiencyIncrease Public Housing Supply157. Housing is an issue of great public concern. Despite the relatively slow pace of creating land for housing development in the past, the problem of back‑loaded public housing supply has started to turn around through the unremitting efforts of the Government. While we have identified land for providing sufficient public housing units to meet the long‑term demand and enhanced the speed as well as efficiency of housing development, land creation and housing construction take time. To bridge the short‑term supply gaps in these few years, I announced in 2022 the introduction of the innovative LPH with the provision of 30 000 units, in order to reduce the Composite Waiting Time for Subsidised Rental Housing (CWT).158. This measure has been bearing fruit. Coupled with LPH, the total public housing supply in the coming five years (2025‑26 to 2029‑30) will reach 189 000 units, which is about 80% higher than that of the first five‑year period since the current‑term Government took office (2022‑23 to 2026‑27). In the past two years, the average waiting time for PRH dropped by half a year, from the peak of 6.1 years to the current 5.5 years. Following the gradual completion of LPH next year, the CWT could be shortened by one and a half years to 4.5 years in 2026‑27.159. I am eager to house PRH applicants as early as possible. The Advance Allocation Scheme I proposed when I took office has so far helped more than 2 000 families move in their flats five to nine months in advance, saving nearly $50 million of rental expenditure on the part of the beneficiaries. By 2027‑28, about 10 000 additional units will be completed, enabling PRH applicants to move in earlier than originally anticipated.160. In addition, the first batch of some 2 100 LPH units, located on Yau Pok Road, Yuen Long, will be completed for intake in the first quarter of next year. We expect to complete a total of about 9 500 units next year, moving towards the target of completing about 30 000 units by 2027‑28.Devise a System on the Renting of Subdivided Units in Residential Buildings to Tackle the Issue161. The Task Force on Tackling the Issue of SDUs has already submitted a report. The Government has decided to put in place, through legislation, a system on the renting of SDUs in residential buildings. SDUs meeting the required standards will be named as Basic Housing Units.162. Current SDUs differ significantly in their conditions regarding fire safety, ventilation, floor area, availability of individual kitchens and toilets and whether they are separated or combined, among others. As such, it is necessary to set minimum standards to eradicate inadequate SDUs. At present, there are some 110 000 households living in SDUs, indicating a genuine demand for these units. As the aggregate rent received from several units subdivided from a single flat is much higher than the rent of one whole flat without subdivision, it gives owners a strong financial incentive to operate rental SDUs. Under appropriate regulation, the market demand for SDUs will be satisfied by Basic Housing Units that meet the required standards.163. Substandard SDUs in residential buildings must be converted into Basic Housing Units that meet the required standards. Upon conversion, these units must be confirmed by professionals their compliance with the required standards and apply for recognition. Otherwise, there would be criminal liability on the part of owners to rent out substandard SDUs, while the tenants concerned will not be held liable. We will allow time for owners of existing SDUs in residential buildings to carry out the necessary works.  A grace period will be prescribed by law, during which enforcement actions will not be taken against the illegal renting of substandard SDUs. To this end, the Government will set up a registration system, enabling registered owners to be entitled to the grace period. The registration system only accepts applications from owners of pre‑existing SDUs in residential buildings under rental. New SDUs entering the market must apply for recognition as up‑to‑standard Basic Housing Units before renting out, hence no grace period is needed for their conversion. Given that only new SDUs recognised as up‑to‑standard Basic Housing Units are allowed to be rented out, and that pre‑existing registered SDUs must be converted into Basic Housing Units in conformity with the required standards or they will face orderly eradication if the owners concerned continue to rent out substandard SDUs illegally after the grace period, the number of substandard SDUs in residential buildings will gradually go down to zero.164. The Government will allow an adequate grace period for pre‑existing SDU owners and households to make necessary arrangements, and handle SDUs in residential buildings by batches in an orderly manner having regard to the market supply of Basic Housing Units and taking into consideration the supply of and policy on public housing. The Secretary for Housing will be empowered by law to decide, upon expiry of the grace period, when to take enforcement actions against substandard SDUs by batches in an orderly manner in light of actual circumstances.165. The Government proposes that the standards of “Basic Housing Units” should include the provision of windows, an individual toilet, a floor area of no less than 8 square metres, etc. The Deputy Financial Secretary and the Secretary for Housing, being the head and deputy head of the Task Force respectively, will announce the details and seek the views of the LegCo and stakeholders for drawing up the legislative proposals and related measures, such as the timetable for registration.Enhance the Housing Ladder166. The HKHA will further enhance the housing ladder in addressing the aspiration of the public for home ownership, including:(i) adjusting the ratio between PRH (including Green Form Subsidised Home Ownership Scheme (GSH) units) and subsidised sale flats (SSF) – The HKHA is reviewing public housing projects to be completed in the middle or near the end of the next decade, with an aim to gradually adjust the ratio between PRH and SSF from the current 7:3 to 6:4;(ii) increasing the chance of applicants who have made repeated attempts to purchase SSF – Starting from the next GSH and HOS sale exercises, an extra ballot number will be allocated to applicants who failed to purchase an SSF in the last two consecutive sale exercises of the same type of SSF; and(iii) expediting the circulation of PRH units – The HKHA will tighten up the Well‑off Tenants Policies by raising the additional rent and lowering the income limits for well‑off tenants, so that public resources are appropriately allocated to applicants in need. Meanwhile, the ratio between Green Form and White Form in respect of HOS flats will be revised from 4:6 to 5:5 to encourage more PRH tenants to buy HOS flats.Combat Public Rental Housing Tenancy Abuse167. In recent years, the HKHA has been strengthening its efforts to combat PRH tenancy abuse. The number of PRH flats recovered by the HKHA due to tenancy abuse and breach of tenancy agreement or housing policies over the last two years adds up to 5 000, equivalent to building a medium‑sized housing estate. The results are prominent. The HKHA will launch the “Cherish Public Housing Resources Award Scheme” in January next year to offer rewards to persons who provide concrete intelligence that leads to identification of substantiated tenancy abuse of PRH.Take Forward Public Rental Housing Redevelopment168. The HKHA is proceeding with 11 redevelopment projects. We will announce the findings and details of the study on the redevelopment of Choi Hung Estate later this year, and release the redevelopment plans for Sai Wan Estate and Ma Tau Wai Estate next year.Stabilise the Supply of Spade-ready Sites for Private Housing169. According to the Long Term Housing Strategy, the supply target for private housing in the coming decade is projected to be 132 000 units. The Government will make available land over the next five years to provide about 80 000 private housing units.Relax the Maximum Loan-to-Value Ratios of Property Mortgage Loans170. Taking into account the latest economic and financial environment and on the basis that the stability of the banking system is maintained, the HKMA will adjust the maximum loan‑to‑value ratio for residential properties to 70%, regardless of the value of the properties, whether the properties are for self‑use or held by companies, and whether the purchasers are first‑time home buyers, while the maximum debt servicing ratio will be adjusted to 50%. For non‑residential properties, the maximum loan‑to‑value ratio and maximum debt servicing ratio will be adjusted to the respective same levels.Further Improve Building Safety and Building Management171. Through the Building Management Professional Advisory Service Scheme, the Home Affairs Department assisted in the formation of about 100 owners’ corporations in the past two years in nine districts with more “three‑nil” buildings. The scheme has been expanded to cover all districts across the city in mid‑2024, with the contract period extended to three years.172. Next year, the Government will implement a pilot scheme on “joint property management” in selected areas, under which the same property management company will be engaged to provide joint management services for aged building clusters in the vicinity, enabling “three‑nil” and aged buildings to have access to basic property management services at affordable fees.173. To enhance deterrence against failure to comply with notices or orders by required time and against the erection of large‑scale unauthorised building works (UBWs), the Government will put forth proposals to amend the Buildings Ordinance and launch a public consultation later this year. Among other things, we will propose increasing the types of exempted works and minor works under the Buildings Ordinance, so as to handle minor illegal structures of lower risks in a pragmatic manner. The relevant legislative amendment proposals will be introduced in 2026.174. To foster an elderly‑friendly building environment, the Government will put forward a series of proposals on elderly‑friendly building design for phased implementation.(B) Create Land to Build More Housing175. The Government remains determined to sustain efforts in land production. We will assess the situation and take forward various projects in a steady and paced manner. According to the latest forecast, the supply of developable land, i.e. spade‑ready sites, from Government‑led projects will reach about 3 000 hectares in the next decade. The Government will take into account the latest market changes when disposing land, ensuring a stable and healthy development of the market.Cut More Red Tapes and Lower Costs176. The Government is making vigorous efforts in streamlining land development procedures. We have promulgated an internal circular, expressly stating that all approving departments are required to take a facilitating role and strive to streamline the relevant procedures when processing applications. The initiative is well‑received by the industry. We will continue to cut red tapes and streamline procedures. Relevant measures include:(i) leveraging industry resources to enhance speed and efficiency – We will outsource drone inspections of external walls of buildings and UBWs as well as associated analyses, to private companies. We will also engage professionals to handle the vetting work of small‑scale or temporary structures through self‑certification;(ii) reducing construction costs – We will strengthen the role of the Project Strategy and Governance Office under the DEVB to complete a strategic study on construction costs by the end of this year and propose improvement measures such as increasing direct procurement of construction materials and products by the Government, reviewing the building design standards, and facilitating local application of cost‑effective construction materials and technologies from the Mainland and overseas; and(iii) expanding project co‑ordination – We will expand the purview of the Development Projects Facilitation Office under the DEVB to facilitate co‑ordination with departments in expediting the approval of land use and related matters for the development of I&T and other industries in the Northern Metropolis, in addition to vetting of large‑scale private residential and commercial developments.Facilitate R&D and Application of Construction Technologies and Align Hong Kong Standards with Guobiao177. The DEVB established the Building Technology Research Institute (BTRi)  this August. Apart from conducting R&D on innovative materials, construction methods and technologies, the BTRi also devises standards, conducts testing and provides accreditation to spearhead innovation in the industry. A Modular Integrated Construction (MiC) Manufacturer Certification Scheme will also be launched in synergy with production bases in the Mainland, so as to leverage the complementarity of the construction industries in Guangdong and Hong Kong.178. We will also review and enhance Hong Kong’s building standards, which have been in place for many years, through the BTRi by making reference to overseas building standards and Guobiao (GB), with a view to promoting local application of high‑quality and cost‑effective construction materials from the Mainland and overseas. Moreover, when high‑quality GB construction materials and technologies are applied locally, it will also be beneficial for GB to explore international markets. We will also closely liaise with our counterparts in the Guangdong Province to take forward the formulation of the GBA Construction Standards.179. The HKHA will make wider use of MiC 2.0, the second generation MiC approach jointly developed with research institutions, and streamline the on‑site installation procedures to safeguard construction safety. Tender documents will also expressly state the works procedures permissible for the use of construction robotics to enhance site safety and construction efficiency.Commence the Environmental Impact Assessment Process for Kau Yi Chau Artificial Islands180. The Government will take forward the Kau Yi Chau Artificial Islands project in a steady and prudent manner. We will commence the statutory environmental impact assessment (EIA) process for the reclamation works under the project by the end of this year. The target is to complete the relevant approval procedures next year. The related detailed engineering design will commence later this year.Expedite Urban Redevelopment181. The Urban Renewal Authority is conducting planning studies for Tsuen Wan and Sham Shui Po, and will submit renewal master plans in the second half of next year. Meanwhile, the DEVB is examining the use of newly developed land to drive large‑scale urban redevelopment projects, including the cross‑district transfer of plot ratios and the construction of more dedicated rehousing estates, etc. The target is to formulate proposals in the first half of next year.182. To continue encouraging redevelopment and conversion of aged industrial buildings, we will extend an array of measures, which are expiring soon under the revitalisation scheme for industrial buildings, to the end of 2027, continuing to allow an increase in plot ratio of up to 20% for industrial building redevelopment projects.(To be continued.)

    MIL OSI Asia Pacific News

  • MIL-OSI New Zealand: Engaging rangatahi back into active recreation

    Source: Weekend Express/Rātā Foundation

    Rates of rangatahi youth participating in active recreation have fallen by 6% since Covid, according to research by Active NZ.
    Sport Tasman hopes to turn that statistic around with targeted approach programmes like Marlborough-based Ngahi Foha oe Moana Pasifika that link with the values and interests of young people and encourage them to go back into active recreation.
    South Island funder Rātā Foundation supports the programme through its rangatahi partnership with Sport Tasman.

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: I&T will drive city’s development: CE

    Source: Hong Kong Information Services

    Delivering his 2024 Policy Address, Chief Executive John Lee said today that Hong Kong must harness new quality productive forces and technological innovation as it seeks to achieve high-quality economic development.

    Mr Lee outlined that in its efforts to become an international centre for innovation and technology (I&T), the city is upgrading and transforming traditional industries, while actively nurturing emerging ones. He vowed that no effort will be spared in developing new quality productive forces tailored to local conditions. 

    Measures announced in Mr Lee’s speech include the drawing up of a development plan for new industrialisation, the setting up of a third InnoHK research cluster, a new round of $1.5 billion in funding under the Research Matching Grant Scheme, a revamping of the Government’s approach to I&T investment, and the launch of an I&T Accelerator Pilot Scheme.

    Besides drawing up a medium to long‑term development plan for new industrialisation, Mr Lee said the Government will also press ahead with the establishment of the Hong Kong New Industrialisation Development Alliance. He explained that this will promote closer collaboration among the Government, industry, academia, and the research and investment sectors, expand financing opportunities, and foster I&T co‑operation between newly‑listed companies and local universities.

    In terms of research and development (R&D), Mr Lee highlighted that preparatory work is underway to establish a third InnoHK research cluster. He mentioned that the existing two such clusters are now home to about 2,500 R&D personnel from Hong Kong and around the world, and iterated that the new cluster will focus on advanced manufacturing, materials, energy and sustainable development. 

    In addition to the new round of funding under the Research Matching Grant Scheme, which encourages organisations to support research endeavours by institutions, Mr Lee pledged that the Government will increase its own investment in I&T industries and guide more market capital to invest in the sector. This will include setting up a $10 billion I&T Industry‑Oriented Fund, a “fund of funds” that will channel market capital to invest in emerging industries of strategic importance, including life and health technology, AI and robotics, semi‑conductors and smart devices, advanced materials, and new energy.

    The Chief Executive added that $1.5 billion from the Innovation and Technology Venture Fund will be redeployed to set up funds that will invest – jointly with the market, on a matching basis – in start‑ups operating in strategic industries. Meanwhile, the Hong Kong Investment Corporation will continue to channel and leverage market capital to attract I&T enterprises to establish operations in Hong Kong.

    Announcing plans to allocate $180 million to establish an I&T Accelerator Pilot Scheme, Mr Lee said it will offer institutions government funding on a one-to-two matching basis, with a subsidy ceiling of $30 million. He explained that the scheme will attract professional start‑up service providers to set up accelerator bases in Hong Kong, thereby fostering the robust growth of start‑ups.

    Mr Lee also outlined plans to unlock the potential of Hong Kong’s low-altitude airspace economy. A working group led by the Deputy Financial Secretary will be established to formulate development strategies and action plans for this issue, and will collaborate with Mainland authorities in exploring the joint establishment of low‑altitude cross‑boundary air routes, as well as immigration and customs clearance arrangements. It will also carry out studies and make plans for the establishment of effective systems, networks and infrastructure for managing low-altitude activities.

    With regard to Low Earth Orbit satellites, Mr Lee announced that the Government will conduct a study aimed at streamlining vetting procedures in relation to licence applications for their operation. He also revealed that the Government will set up a research centre to participate in the Chang’E‑8 lunar mission.

    In relation to new energy development, around $750 million under the New Energy Transport Fund will be earmarked to subsidise the taxi trade and franchised bus companies to purchase electric vehicles, and to launch the Subsidy Scheme for Trials of Hydrogen Fuel Cell Electric Heavy Vehicles.

    Mr Lee added that the Government will speed up the reduction of carbon emissions by setting a target for sustainable aviation fuel (SAF) consumption, and formulate a long-term plan for the development of SAF and green maritime fuel supply chains. Furthermore, it will support industry in establishing a solar-to-hydrogen demonstration facility, and introduce a bill next year to ensure the safe use of hydrogen fuel. 

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Charles III will be the first king of Australia to visit our shores. He could also be the last

    Source: The Conversation (Au and NZ) – By Jess Carniel, Associate professor in Humanities, University of Southern Queensland

    King Charles III and Queen Camilla’s upcoming visit to Australia is significant for several reasons. It is Charles’ first visit since ascending to the throne – as well as the first time a British male head of state has visited Australia.

    Some observers are also wondering whether it might be one of the last royal tours, as debates about Australia potentially becoming a republic are reignited.

    As the monarchy tries to “modernise” alongside growing support for republicanism, this visit will be one to watch.

    The curse of the Antipodes?

    As Prince of Wales, Charles had a long and successful track record of royal tours to Australia, having visited 16 times. The visits included a term attending Geelong Grammar School in 1966, as well as the 1983 tour with Princess Diana that saw Australians caught up in Di-mania – and Charles reportedly gripped by jealousy.

    But Charles’ royal predecessors weren’t as lucky in their trips down under. His own grandfather, King George VI, planned to visit Australia in the late 1940s with Queen Elizabeth and Princess Margaret, but the tour was postponed due to his poor health. While he had previously visited as the Duke of York, George VI never made it here as king.

    King George VI was born in 1895 and reigned from 1936 until his death in 1952.
    Wikimedia

    The very first royal visit to Australia – Prince Alfred’s 1867 tour – had all appearance of being cursed. One of his crew members drowned during the first stop in South Australia. Several more people died in a major fire accident and a Catholic-Protestant skirmish in Melbourne.

    Most memorably – certainly for Alfred – was an assassination attempt on the prince in Sydney. This, interestingly, is an experience King Charles has also had.




    Read more:
    Royal visits to Australia can be disaster magnets. In the first one, the prince barely made it out alive


    During Charles’ 1994 visit, student protester David Kang fired blanks from a starter pistol in protest of Australia’s treatment of Cambodian refugees. The then Prince of Wales wasn’t harmed and Kang went on to become a barrister.

    For non-British royals, however, Sydney has been a lucky location. King Frederick X’s decidedly modern romance with Tasmania-born Queen Mary famously began when they met at a bar during the Sydney Olympics in 2000.

    Prince or king – does it matter?

    This will be Charles’ seventeenth visit to Australia, but his first as reigning monarch. This means he is visiting not on behalf of the head of state, but as the head of state.

    The royal couple’s planned Australian engagements are as strategic as they are symbolic. They reflect carefully curated and ostensibly “non-political” issues such as environmental sustainability, cancer research and family violence.

    The visit also includes a meeting with Indigenous representatives. Notably, it is the first royal tour to not use the term “walkabout” to describe public meet-and-greets, as this term had been criticised as cultural appropriation.

    It seems Charles’ modernised monarchy is seeking to distance itself from overtly colonial language – as much as a foreign monarchy can, anyway. The king has yet to respond to Indigenous leaders calling for an apology for British colonisers’ genocides of First Nations peoples.




    Read more:
    Should King Charles apologise for the genocide of First Nations people when he visits Australia?


    Although the Australian media has focused on the stops in Canberra and Sydney, the main purpose of the tour is for the king to attend the Commonwealth Heads of Government Meeting in Samoa between October 21 and 26.

    It is the first time the meeting will be hosted by a Pacific Island state. The talks are an important opportunity for the king to highlight issues such as climate change, to which small island states in the Pacific are particularly vulnerable.

    Are people happy about the visit?

    All six state premiers have declined their invitations to meet the king at his welcome reception in Canberra, citing other commitments. Their excuses might be genuine in some cases. For example, Queensland Premier Steven Miles is in the last few weeks of an election campaign.

    However, critics from the monarchist camp have viewed the move as a political response to debates over whether Australia should remain a constitutional monarchy with the king as its head of state.

    A YouGov Australia poll published on the first anniversary of Charles’s ascension showed Australians are divided on republicanism. While 32% want to become a republic “as soon as possible”, 35% preferred to remain a constitutional monarchy and 12% wanted to become a republic after the king’s death. The remaining respondents didn’t know.

    Notably, the poll found republican sentiment had increased since Queen Elizabeth II’s death in September 2022.

    The Albanese government established an assistant minister for the republic upon entering office in 2022 (although the portfolio was abolished with this year’s reshuffle). Upon taking the role, assistant minister Matt Thistlethwaite suggested the “twilight of [Queen Elizabeth’s] reign” presented “a good opportunity for a serious discussion about what comes next for Australia”.

    Charles doesn’t seem to be taking all this too personally. In a letter responding to the Australian Republican Movement in March this year, his private secretary said the king viewed this as “a matter for the Australian public to decide”.

    The royal tour and the meeting in Samoa will be important opportunities for the monarchy to connect with Australia and other Commonwealth nations.

    By presenting itself as a modern institution engaged with contemporary issues such as climate change, the monarchy will also have to engage with the possibility of new political identities for its former colonies.

    Jess Carniel 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. Charles III will be the first king of Australia to visit our shores. He could also be the last – https://theconversation.com/charles-iii-will-be-the-first-king-of-australia-to-visit-our-shores-he-could-also-be-the-last-241345

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: China’s AG600 amphibious aircraft starts full-scale fatigue test

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

    BEIJING, Oct. 16 — China’s independently-developed AG600 large amphibious aircraft has initiated the full-scale fatigue test, the Aviation Industry Corporation of China (AVIC) said on Wednesday.

    The test is carried out at the Aircraft Strength Research Institute of China in Yanliang District in Xi’an, northwest China’s Shaanxi Province, according to the AVIC, the country’s leading aircraft manufacturer.

    This test will provide an important full-scale test basis for the future life extension and modification of the AG600 aircraft, the AVIC said.

    The AG600 large amphibious aircraft family is developed as vital advanced aeronautical equipment to strengthen the country’s emergency rescue capabilities.

    The aircraft features a unique configuration consisting of an integrated aircraft-shaped upper body and a ship-bottom-shaped lower body.

    The full-scale fatigue test of AG600 aircraft is a special and complicated fatigue test for the whole aircraft. It is the most important test to verify compliance with relevant regulations of the aircraft structure’s damage tolerance and fatigue assessment, according to the developer.

    MIL OSI China News

  • MIL-OSI China: Xi calls for steady, sustained progress in promoting China-Mongolia comprehensive strategic partnership

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

    Xi calls for steady, sustained progress in promoting China-Mongolia comprehensive strategic partnership

    BEIJING, Oct. 16 — Chinese President Xi Jinping said Wednesday that he attaches great importance to the development of bilateral relations and stands ready to work with Mongolian President Ukhnaa Khurelsukh to promote the steady and sustained development of China-Mongolia comprehensive strategic partnership under the guidance of building a community with a shared future.

    Xi made the remarks in his congratulatory message to Khurelsukh on the 75th anniversary of the establishment of China-Mongolia diplomatic ties.

    China and Mongolia are important neighbors to each other, and Mongolia is one of the first countries to establish diplomatic ties with the People’s Republic of China, Xi said.

    Since the establishment of diplomatic ties 75 years ago, the two countries have always adhered to the direction of good neighborliness and friendship, and continuously deepened mutually beneficial cooperation in various fields, bringing tangible benefits to their peoples, Xi said.

    For his part, Khurelsukh said that since the establishment of diplomatic ties 75 years ago, the two sides have steadily developed friendship, continued to consolidate mutual trust, and established a comprehensive strategic partnership.

    Khurelsukh said he is ready to work with Xi to synergize the Steppe Road Program and the Belt and Road Initiative, so as to contribute to the development of the two countries and bring more benefits to the two peoples.

    On the same day, Chinese Premier Li Qiang and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene also exchanged congratulatory messages.

    Li said that China is willing to work with Mongolia to take the 75th anniversary of the establishment of diplomatic ties as a new starting point to promote the two countries to go hand in hand on the path of modernization and achieve win-win cooperation.

    For his part, Oyun-Erdene said he is ready to further deepen the traditional friendly relations between Mongolia and China, creating a bright future for bilateral relations.

    MIL OSI China News

  • MIL-OSI China: Yumai Township in China’s Xizang turns a new page

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

    Yumai Township in China’s Xizang turns a new page

    Updated: October 16, 2024 13:40 Xinhua
    This combo photo shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region on Oct. 26, 2003 (above, photo by Xinhua photographer Sonam Norbu), and the view here on Oct. 14, 2024 (photo by Xinhua photographer Ding Ting). Located at the southern foot of the Himalayas, Yumai Township once had a population of three. Today, the once three-person township is home to over 200 people and oversees two villages. Since 2018, Yumai Township has embarked on the construction of a prosperous border village with steel-framed houses, drainage, schools, and central parks popping up one after another. In 2019, a state investment of over 500 million yuan (about 70.28 million U.S. dollars) completed the reconstruction of the 50-kilometer paved road connecting Yumai to a neighboring township, which ended its pain of being snowbound every year. Additionally, the State Grid extended a 10-kilovolt power transmission line to Yumai, providing stable and secure electricity. In 2023, the per capita annual income in Yumai reached over 40,000 yuan (about 5,622.08 U.S. dollars) with a per capita residential area of 40 square meters. [Photo/Xinhua]
    This photo taken on Oct. 15, 2024 shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    A drone photo taken on Oct. 14, 2024 shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 14, 2024 shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 14, 2024 shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    This combo photo shows Cedain Zhaxi, a shop owner, organizing products in Yumai Township of Shannan City, southwest China’s Xizang Autonomous Region on Sept. 9, 2009 (above, photo by Xinhua photographer Purbu Zhaxi), and Baima Wangdui, a worker, organizing products at a shop in Yumai Township of Shannan City, southwest China’s Xizang Autonomous Region on Oct. 15, 2024 (photo by Xinhua photographer Ding Ting). [Photo/Xinhua]
    This combo photo shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region in September 1997 (above, photo by Xinhua photographer Sonam Norbu), and the view here on Oct. 14, 2024 (photo by Xinhua photographer Ding Ting). [Photo/Xinhua]
    An aerial drone photo taken on Oct. 14, 2024 shows roads near Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    A drone photo taken on Oct. 14, 2024 shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    This photo taken on Oct. 15, 2024 shows a view of Yumai Township in Shannan City, southwest China’s Xizang Autonomous Region. [Photo/Xinhua]
    This combo photo shows Zhaxi Norpu (L), a health worker, checking the blood pressure for a resident in Yumai Township of Shannan City, southwest China’s Xizang Autonomous Region on Sept. 9, 2009 (above, photo by Xinhua photographer Purbu Zhaxi), and Zhaxi Norpu (R) talking with a doctor in Yumai Township of Shannan City, southwest China’s Xizang Autonomous Region on Oct. 15, 2024 (photo by Xinhua photographer Ding Ting). [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI United Kingdom: Ministers bring together industry experts and consumer champions to tackle spiralling costs for drivers

    Source: United Kingdom – Executive Government & Departments

    New taskforce is a major step forward in getting a fair deal for UK drivers by rooting out factors that increase costs for car insurance industry.

    • Transport Secretary and Economic Secretary to the Treasury to bring together industry experts, consumer champions and regulators to crack down on spiralling costs of car insurance
    • comes as figures show an average 21% rise in premiums in 2 years as new taskforce launched to deliver a fairer deal for drivers
    • taskforce to focus on how hardest hit by rising costs, including ethnic minorities, those on lower incomes and elderly and young drivers

    Transport Secretary, Louise Haigh, and Economic Secretary to the Treasury, Tulip Siddiq, will bring together industry groups and consumer champions such as the Association of British Insurers, Citizens Advice, Which? and Compare the Market, as well as insurance regulators, to tackle spiralling costs of car insurance today (16 October 2024).

    It comes as motor insurance premiums have grown by an average of 21% since June 2022, according to Financial Conduct Authority (FCA) analysis – far higher than in comparable economies such as Germany, France, Spain and Italy – with the government reaffirming its manifesto commitment to act on increasing consumer costs, which stunt the economy and prevent growth.

    A new cross-government motor insurance taskforce, supported by industry experts, will also be launched by the Transport Secretary and Economic Secretary to the Treasury today to help drive down the high costs of car insurance.

    The taskforce will identify the factors behind rapidly rising premiums and will agree solutions to keep costs under control. Factors driving up the cost of insurance include inflation, rising car thefts and the country’s pothole-ridden roads, which the government has pledged to fix with its pledge of filling up to 1 million more potholes every year.

    This taskforce is part of the government’s manifesto commitment to act on the high cost of insurance for drivers – particularly those who are disproportionately affected by high prices such as young and older people and those from ethnic minority backgrounds or on lower incomes.

    Transport Secretary, Louise Haigh, said:

    Car insurance is an essential, not a luxury. It is vital to accessing economic opportunities and this government is committed to getting costs under control. That’s why we’re taking direct action to bring insurance companies and regulators round the table to discuss how we can crack down on spiralling costs.

    The rising cost of cover affects all drivers but some groups have been hit harder than others. No matter your background or circumstance, this government is determined to ensure drivers get a fair deal.

    Our new expert taskforce is a major step forward in delivering a fair deal for drivers. It will give this issue the attention it deserves – rooting out the factors driving up costs for industry and ensuring drivers are able to hit the road.

    The taskforce will bring together expertise from regulators, motoring groups, insurers and consumer groups to find solutions for the high cost of insurance, addressing contributing factors to high costs generally and those that may be disproportionate depending on age or ethnicity.

    The taskforce will help support the government’s missions to grow the economy and break down the barriers to opportunity, by acting on the cost pressures facing industry and supporting drivers to hit the road.

    The expert group will identify the causes of rising costs, assess whether consumers are receiving fair value for money and look at the impact on the groups hit the hardest, using advice from the regulators the FCA and Competition and Markets Authority (CMA).

    Roads media enquiries

    Media enquiries 0300 7777 878

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    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom

  • MIL-OSI China: Beijing Anzhen Hospital’s Tongzhou branch unveils advanced medical services

    Source: China State Council Information Office 2

    On Oct. 14, the Tongzhou district branch of Beijing Anzhen Hospital hosted a media event to show how Beijing is enhancing its citizens’ quality of life through medical advancements and promoting coordinated development in the Beijing-Tianjin-Hebei region.

    Beijing Anzhen Hospital’s Tongzhou branch features a comprehensive outpatient service center with dedicated accessibility windows, Beijing, Oct. 14, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Since its establishment over 40 years ago, Beijing Anzhen Hospital has experienced rapid growth and now ranks among the top in China for the scale and quality of its cardiovascular disease treatments, with clinical capabilities that have reached international standards. Located in the city’s eastern Tongzhou district, the construction of this branch not only reflects Beijing’s strategy to relieve the city of functions nonessential to its role as the capital and optimize the layout of its sub-center, but also responds to the high-quality development goals set forth by the 19th CPC National Congress in 2017.
    The soon-to-open Tongzhou branch of Anzhen Hospital will feature a “smart pharmacy,” which is a highlight in its enhanced medical services. This facility is the first in the country to integrate inventory management and dispensing into a fully automated system, using advanced information technology and automated equipment to ensure precise drug dispensation, storage and distribution.

    An automated prescription refill robot at work at Beijing Anzhen Hospital’s Tongzhou branch, Beijing, Oct. 14, 2024. [Photo by Liao Jiaxin/China.org.cn]
    “The automated dispensing machines can complete a prescription in as little as 20 seconds, with patients typically waiting only one to two minutes to receive their medications,” said Lin Yang, director of the hospital’s pharmacy department. Additionally, the complete process from supplier to patient utilizes robotic closed-loop operations, significantly boosting the efficiency of medical services and ensuring the safety of patient medications.
    The Tongzhou branch also breaks away from traditional hospital outpatient environments, with vibrant and lively art murals throughout. “Our concept is to create an ‘Art Healing Forest’ atmosphere to minimize the psychological stress on patients using our outpatient services,” explained Yin Pengduan, head of the outpatient department. Plans are underway to collaborate with local artists to host personalized art exhibitions in the hospital’s main hall.

    Mural decorations at Beijing Anzhen Hospital’s Tongzhou branch, Beijing, Oct. 14, 2024. [Photo by Liao Jiaxin/China.org.cn]
    The Tongzhou branch of Beijing Anzhen Hospital is expected to officially begin operations in late October. This will not only provide higher quality medical services to residents of Beijing but also marks a significant step in the city’s efforts to promote high-quality, coordinated regional medical development. It will further enhance the overall medical service capacity of the Beijing-Tianjin-Hebei region, offering more comprehensive and convenient medical care to those living in the area.

    MIL OSI China News

  • MIL-Evening Report: Politics with Michelle Grattan: ‘It’s going to be a bad result for Labor’ – Antony Green and Michael McKenna on the Qld election

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

    Queenslanders vote on October 26 when, according to the polls, the almost decade-long Labor government is expected to be defeated.

    Last year, in a bid to improve its chances, Labor dumped long-time premier Annastacia Palaszczuk in favour of Steven Miles.

    Miles has handed out or promised extensive and expensive cost-of-living support, including $1000 rebates on electricity bills, 50-cent fares, and now promising free school lunches.

    But even all this seems to have failed to drastically change the mood in the electorate.

    To discuss what’s happening on the ground, the potential outcome and what that could mean for the federal Labor government, we’re joined by the ABC’s election specialist, Antony Green and The Australian’s Queensland editor, Michael McKenna.

    Green says:

    The swing has shifted from being catastrophic to just being very bad.[…] the odds are the government’s going to lose.

    All the government’s marginal seats are in the regions, in the regional cities in the north of the state. If it’s a 5 or 6% swing uniform, then all those regional city seats will be knocked out. And once they’ve lost a couple of seats in Brisbane’s belt as well, they’re out of government. So they’re in a very difficult position.

    On what a poor result for the Labor party could mean federally, Green says:

    Labor won the last federal election without doing well in Queensland – [there] was always a view that they couldn’t win an election without doing well in Queensland. They did well in WA instead. Can Labor do worse in Queensland at the next federal election? Well that’s a tough ask, it’s hard to see how. You would have to be back to the level of the defeat of the Whitlam government or the Keating government to do worse in Queensland, and I’m not sure that it’s that level of disaster for the Labor Party. I think there will be a lot of comment on that. But I mean this is a Queensland election and it’s fought on and very much based around sort of Queensland issues.

    Michael McKenna says of the general mood:

    I think for the first time in a few years, I’m seeing a real mood for change in government. Labor is seeking a fourth term on the trot. You can see it in the published polling, which for about the last two years has shown that Labor’s support is sliding and the Liberal National Party has the momentum. I think there’s a real ‘it’s time’ factor.

    What we’ve seen is that Labor’s brand is still seemingly on the nose, particularly in the regions. And Steven Miles, […] he’s given a red hot go, but so far, I’m not seeing much evidence that he’s going to pull out a miracle win.

    McKenna highlights Opposition Leader David Crisafulli’s strategy:

    There’s no doubt that he has adopted a small target strategy to, in one way, focus people’s attention on the failings of a government which has a record of ten years, and there’s always going to be failings and things that are going to make people angry. But I would say that this is arguably the smallest of small target strategies that we’ve ever seen.

    David Crisafulli really only wants to talk […] about the issues that he wants to talk about, and those are crime, particularly youth crime, cost of living, housing and health. But he doesn’t like to be pushed onto any other issues, and he’s done a good job in one sense in that he’s probably the most disciplined conservative party leader I’ve seen in decades in Queensland.

    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. Politics with Michelle Grattan: ‘It’s going to be a bad result for Labor’ – Antony Green and Michael McKenna on the Qld election – https://theconversation.com/politics-with-michelle-grattan-its-going-to-be-a-bad-result-for-labor-antony-green-and-michael-mckenna-on-the-qld-election-241478

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Man arrested as part of Operation Eclipse

    Source: South Australia Police

    Detectives from SAPOL’s Serious and Organised Crime Branch and other specialist areas this morning conducted a series of searches on a private residence, several businesses and a storage facility as part of Operation Eclipse.

    This morning’s planned activity followed several weeks of intensive proactive investigations to identify the criminal networks involved in the trade of illicit tobacco and those believed responsible for the spate of arson attacks in recent months.

    Just after 8am detectives attended an address at Blair Athol and arrested a 34-year-old man. Police will allege the man is a key figure in the current illegal activity in South Australia.

    The man has been charged with four counts of money laundering. He has been refused bail and will appear in Port Adelaide Magistrates Court on Thursday 17 October.

    Police will allege the charges relate to alleged activity associated with illicit tobacco sales in SA.

    Each charge carries a maximum penalty of 20 years imprisonment.

    Following this arrest detectives attended three business premises at Hendon, Queenstown and Rosewater associated with the Blair Athol man. A storage facility at Salisbury Downs was also searched. They were searched in conjunction with officers from Consumer and Business Services.

    Items seized by CBS officers at the three premises included significant quantities of loose tobacco, packaged cigarettes and vapes. The value of the seized goods was $358,955.

    Operation Eclipse detectives seized documents, electronic devices, CCTV and a hard drive during the searches.

    Intelligence from CBS and members of the public has now assisted in the identification of more than 200 stores that are known or suspected to be involved in the sale of illicit tobacco products.

    Members of the public who are purchasing illicit tobacco products are directly supporting the organised crime syndicates who are driving the current Operation Eclipse related crime series.

    Police believe there are three major organised crime syndicates involved in the current conflict over the illicit tobacco trade, with two groups linked to interstate syndicates, who are attempting to expand into South Australia.

    Anyone who has any information in relation to any suspicious activity around business premises, specifically in the hours of darkness, is asked to contact Crime Stoppers on 1800 33 000 or online at http://www.crimestopeprssa.com.au

    Operation Eclipse search footage:

    https://www.youtube.com/embed/wZCCtBX92sg

    MIL OSI News

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Minister of Digital of Malaysia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with H.E. Gobind Singh Deo, Minister of Digital of Malaysia, on the sidelines of the 9th ASEAN Ministerial Conference on Cybersecurity. During their bilateral meeting, they discussed key digital priorities agenda during Malaysia’s upcoming Chairmanship of ASEAN in 2025.

    The post Secretary-General of ASEAN meets with the Minister of Digital of Malaysia appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Australia: 220-2024: *Update* Scheduled Outage: Saturday 19 October to Sunday 20 October 2024 – BICON, DAFF messaging, EVE, SeaPest

    Source: Australia Government Statements – Agriculture

    16 October 2024

    Who does this notice affect?

    All clients required to use the following systems during this planned outage:

    • Biosecurity Import Conditions System (BICON)
    • External Verification for eCertificates (EVE)
    • Seasonal Pests (SeaPest)

    All clients submitting the below declarations during this planned outage:

    • Full Import Declaration (FID)
    • Long Form Self Assessed Clearance (LFSAC)
    • Short Form Self Assessed…

    MIL OSI News

  • MIL-OSI Economics: Joint Statement of The Association of Southeast Asian Nations (ASEAN) for The Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) 2024

    Source: ASEAN

    We, Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Republic of Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand and the Socialist Republic of Viet Nam, join our hands as One ASEAN on the occasion of the Asia-Pacific Ministerial Conference on Disaster Risk Reduction 2024 (APMCDRR 2024), in Manila, the Philippines.
    We reaffirm our strong commitment to the full and effective implementation of the Sendai Framework for Disaster Risk Reduction (SFDRR) 2015-2030. We will persist in our dedicated efforts to execute the ASEAN Agreement on Disaster Management on Emergency Response (AADMER) Work Programme 2021-2025 which has been aligned with the SFDRR, leverage the Midterm Review of the SFDRR and implement the Asia-Pacific Action Plan 2024-2027 to further enhance disaster risk reduction and build disaster resilience in the ASEAN region.
    Download the full statement here.
    The post Joint Statement of The Association of Southeast Asian Nations (ASEAN) for The Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) 2024 appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Video: We asked our Gen Z colleagues to draft the script for our video #DiscoverEU

    Source: European Commission (video statements)

    With a #DiscoverEU travel pass, Europe is yours to explore!

    You still have a few hours to apply for the next round of #DiscoverEU, so get ready to live an unforgettable experience travelling all over Europe by train.

    If you were born in 2006 and are a citizen or a resident of the or , , , , or , apply now on the European Youth Portal!

    Best of luck, besties!

    #ErasmusPlus #EUTravel #TravelEurope

    https://www.youtube.com/watch?v=AAsOnlZEttc

    MIL OSI Video

  • MIL-OSI USA: Renters in South Carolina Can Apply for FEMA Assistance After Hurricane Helene

    Source: US Federal Emergency Management Agency

    Headline: Renters in South Carolina Can Apply for FEMA Assistance After Hurricane Helene

    Renters in South Carolina Can Apply for FEMA Assistance After Hurricane Helene

    FEMA assistance is available to renters, including students, with uninsured losses from Hurricane Helene in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation.

    FEMA may be able to help renters as well as homeowners with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs. 

    The quickest way to apply is to go online to DisasterAssistance.gov. You can also apply in person at a Disaster Recovery Center where you can meet with representatives of FEMA, the state of South Carolina and the U.S. Small Business Administration. No appointment is needed. To find center locations, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. 

    You can also apply using the FEMA App for mobile devices or by calling toll-free 800-621-3362. The telephone line is open every day and help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. For a video with American Sign Language, voiceover and open captions about how to apply for FEMA assistance, select this link.

    FEMA programs are accessible to survivors with disabilities and others with access and functional needs. 

    kwei.nwaogu

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Enhancement measures on New Capital Investment Entrant Scheme

    Source: Hong Kong Government special administrative region

         â€‹As announced in the 2024 Policy Address, with effect from October 16, 2024, an applicant under the New Capital Investment Entrant Scheme (New CIES) is allowed to invest in residential properties, provided that the transaction price of a single property must be HK$50 million or above. The total investment amount in real estate (the aggregate of all residential and non-residential properties) that counts toward fulfilling the minimum investment threshold is subject to an aggregate cap of HK$10 million.

         Invest Hong Kong has updated the Rules for the New CIES and relevant application documents. Details can be found on the New CIES website (www.newcies.gov.hk/en/resources/scheme-rules-and-documents).

         With regard to the details of allowing investment made through an eligible private company wholly owned by the applicant to be counted toward the value of permissible investment with effect from March 1, 2025, Invest Hong Kong will make a further announcement later.

         For more information of the eligibility criteria and relevant details, please visit the New CIES website (www.newcies.gov.hk/en). For enquiries, please call the enquiry hotline at 3904 3001 or email to newcies@investhk.gov.hk.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Govt intensifies super hub strategy

    Source: Hong Kong Information Services

    While delivering the 2024 Policy Address, Chief Executive John Lee announced today that the Government has made meticulous plans to strengthen Hong Kong’s position as an international hub for trade, aviation and legal services.

    He called attention to the reason behind why his administration is building a high value-added supply chain services centre to serve the Mainland and overseas enterprises, and facilitate their establishment of an offshore trading headquarters in Hong Kong.

    “Hong Kong is home to a deep pool of talent and extensive networks in offshore trading and supply chain management, including production chain management, export credit risk management, trade financing, marketing, testing and certification, accounting and other professional services.”

    He explained that Invest Hong Kong and the Trade Development Council will set up a mechanism and enhance the interface for attracting Mainland enterprises to establish international or regional headquarters in Hong Kong, providing one-stop, diversified professional advisory services for enterprises in Hong Kong looking to go global.

    In an effort to provide greater export protection for enterprises, Mr Lee stated that the Government plans to raise the statutory maximum indemnity percentage of the Hong Kong Export Credit Insurance Corporation to 95%. It also encourages the China Export & Credit Insurance Corporation to establish a presence in Hong Kong.

    Another goal includes actively promoting the development of a headquarters economy to bring strategic enterprises from outside Hong Kong and extending the validity period of multiple-entry visas to the Mainland for foreign staff of companies registered in Hong Kong to up to five years.

    Additionally, Mr Lee described the Government’s aim of promoting electronic trade financing.

    “The Hong Kong Monetary Authority (HKMA) is experimenting with tokenised electronic bills of lading through its Project Ensemble Sandbox. The goal is to lower fraud risks through the better use of technology and to facilitate the provision of trade financing by financial institutions.

    “The HKMA will work with other jurisdictions on a pilot basis to develop mechanisms for trade information transmission, promoting cross-boundary data transfers and the digitalisation of international trade.

    “It will also allow potential stablecoin issuers to test blockchain use cases, including solutions for cross-boundary payments through the stablecoin issuer sandbox.”

    He added that to enhance financial services with data, the HKMA expects to connect its Commercial Data Interchange with the system of the Land Registry next year to facilitate enhancement of banking services through the better use of data.

    In addition to developing the European and American markets, the Chief Executive stressed that the Government will continue to expand Hong Kong’s economic and trade networks, especially with Belt & Road (B&R) countries.

    It will do so by further opening up trade in services with the Mainland so as to attract more Hong Kong start-ups, overseas enterprises, and talent from around the world to establish their presence in Hong Kong to tap the Mainland market.

    Mr Lee noted that another goal calls for reinforcing the interface of trade mechanisms.

    “We will continue to seek early accession to the Regional Comprehensive Economic Partnership. We are also in investment agreement negotiations with Bangladesh and Saudi Arabia, and plan to begin negotiations with Egypt and Peru.”

    To promote liquor trade and boost the development of high value-added industries including logistics and storage, tourism as well as high end food and beverage consumption, the Government will, starting today, reduce the duty rate for liquor with an import price of over $200 from 100% to 10% for the portion above $200, while the duty rate for the portion of $200 and below, as well as liquor with an import price of $200 or below will remain unchanged.

    With the Three-Runway System set to be completed this year, Mr Lee highlighted that Hong Kong’s status as an international aviation hub will be further accentuated.

    He made it clear that Hong Kong will fully utilise the capacity of the Three-Runway System.

    “The Government will step up efforts in expanding our aviation network by supporting Hong Kong International Airport (HKIA) to explore new destinations and flights, particularly enhancing co-operation with civil aviation counterparts from B&R countries.

    “In parallel, we will combine the strengths of our airport and Zhuhai Airport to improve the Fly-Via-Zhuhai-Hong Kong direct passenger service and jointly develop international air cargo business for greater synergy.”

    Mr Lee lauded the endeavour of expanding the scale of the Airport City to build a world-leading new landmark.

    “The Government will plan with Airport Authority Hong Kong (AAHK) for expanding the scale of the Airport City by more than double, building a new, world-leading landmark in the Greater Bay Area among the Airport Island, the Hong Kong Port Island of the Hong Kong-Zhuhai-Macao Bridge and Tung Chung East New Town.

    “New projects will be developed to promote high-end commercial, tourist and leisure activities. These include creating an ecosystem for the arts industry, building the AsiaWorld‑Expo Phase 2, developing a yacht bay with ancillary facilities, opening a food market for imported fresh food and providing more public spaces.”

    One more important objective of the Government is to expand cargo capacity through the bay area and enhance advantages of the air cargo industry, Mr Lee stated.

    “AAHK is pressing ahead in full steam with the innovative development of a sea-air intermodal cargo‑transhipment mode in collaboration with Dongguan. The initial stage of first-phase construction for the permanent logistics park in Dongguan, the HKIA Dongguan Logistics Park, will be completed by the end of next year, and the cargo-handling capacity will progressively reach one million tonnes per annum.

    “Advance planning will be made to commence the second-phase development, introducing more high value-added logistics, cross-boundary e-commerce and courier service facilities.”

    While expounding on the Government’s consistent work to promote Hong Kong as a regional centre for international legal and dispute resolution services, the Chief Executive specified that training for international legal talent will commence and promotion of mediation services will be stepped up.

    “The International Organization for Mediation will have its headquarters set up in Hong Kong upon adoption and entry into force of the relevant international convention. The Government will enhance the system on local accreditation and disciplinary matters of the mediation profession to further strengthen our role as an international mediation centre.”

    Apart from incorporating mediation clauses in government contracts and encouraging private organisations to make reference to and adopt such clauses, Mr Lee stated that the Pilot Scheme on Community Mediation will also be launched to offer more training opportunities for promoting a mediation culture.

    As an added bonus, he revealed that the Government is thinking about developing a sports dispute resolution system.

    “With the development of sports activities and industry, sports disputes have become increasingly complicated. We will explore establishing a sports dispute resolution system and promote sports arbitration, leveraging the institutional advantages of Hong Kong in dispute resolution.”

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Find out about working in childcare at jobs fair this weekend

    Source: City of Wolverhampton

    Wolves Workbox is hosting the Childcare Jobs and Opportunities Fair at Wolves at Work, Unit 5, i10, Victoria Square, Wolverhampton on Saturday (19 October, 2024) from 10am to 1pm.

    It will offer information on working in the childcare sector, with local providers discussing vacancies and apprentice opportunities. People will be able to apply for vacancies on the day and provide their contact details so they can get employability support from Wolves at Work staff.

    There will also be information about the Do Something Big recruitment campaign’s ‘golden hello’ payment of up to £1,000 for people entering or returning to the sector.

    There is no need to book – simply turn up on the day. For further information, please call the Wolves at Work team on 01902 554400 or email wolvesatwork@wolverhampton.gov.uk.

    Alison Hinds, the City of Wolverhampton Council’s Director of Children’s Services, said: “Childcare is a job with impact. Working with small children, you get to be part of their early education and to make a difference that lasts a lifetime.

    “You can be part of a team or lead a team in nurseries, pre-schools, playgroups or schools, or you can be your own boss and become a childminder, and with the recent expansion of free childcare to working parents, there are plenty of jobs out there.

    “So, if you are thinking of entering or returning to the sector, please come along to the Childcare Jobs and Opportunities Fair on Saturday to find out more.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Canadian investigation linked to the Government of India

    Source: United Kingdom – Executive Government & Departments

    Statement by Foreign Commonwealth and Development Office on the ongoing Canadian investigation linked to the Government of India

    A FCDO spokesperson said:

    We are in contact with our Canadian partners about the serious developments outlined in the independent investigations in Canada. The UK has full confidence in Canada’s judicial system. Respect for sovereignty and the rule of law is essential.

    The Government of India’s cooperation with Canada’s legal process is the right next step.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: HK to be hub for health innovation

    Source: Hong Kong Information Services

    Chief Executive John Lee today identified innovation in the health sector, digitalisation across key industries, and an expansion of the city’s Intellectual Property (IP) trading ecosystem as key drivers of new quality productive forces in Hong Kong.

    Delivering his 2024 Policy Address, Mr Lee said the Government will combine technological and institutional innovation to develop Hong Kong into an international health and medical innovation hub, accelerate the development of the digital economy and its integration with the real economy, and take steps to strengthen the city’s position as a regional IP trading centre.

    On the first of these ambitions, the Chief Executive pledged to expedite reforms to the approval mechanism for drugs and medical devices, enhance Hong Kong’s clinical trial capabilities on all fronts, and facilitate the translation of innovative biomedical research into clinical applications.

    With regard to the approval of drugs, the “1+” mechanism will be extended to all new items, including vaccines and advanced therapy products, and refined to speed up the registration process. Meanwhile, preparatory work will be undertaken for the statutory regulation of medical devices, and timetables will be drawn up for establishing a Hong Kong Centre for Medical Products Regulation, the adoption of “primary evaluation”, and measures to facilitate research and development (R&D).

    In terms of clinical trial capabilities, Hong Kong will join hands with Shenzhen to establish the Greater Bay Area (GBA) Clinical Trial Collaboration Platform. A Real-World Study and Application Centre will also be established to open up local health and medical databases and promote co-operation between Hong Kong and Shenzhen on the integration of data generated from the “special measure of using Hong Kong-registered drugs and medical devices used in Hong Kong public hospital in the GBA.”

    In addition, Mr Lee set forth a number of policies designed to accelerate the digital transformation of industries and promote integration of the digital economy with the real economy.

    He outlined that the Government will push forward reforms relating to the digitalisation of enterprises and trade. The Commerce & Economic Bureau is developing a Trade Single Window, a one-stop electronic platform that will allow enterprises to lodge import and export trade documents more conveniently and efficiently.

    In the area of fintech, Mr Lee said that the Financial Services & the Treasury Bureau (FTSB) is due to issue a policy statement setting out its position on the application of AI (Artificial Intelligence) in the financial market. The FTSB will also complete the second round of a public consultation on regulatory proposals for over-the-counter trading of virtual assets.

    In addition, the Monetary Authority (HKMA) is looking into add-on technology solutions and use cases related to cross-boundary trade settlement on the mBridge platform. It is also exploring the application of real-world asset tokenisation and the use of digital money for interbank settlements, and will work with the FTSB to introduce a bill on the regulation of fiat-referenced stablecoin issuers later this year.

    Mr Lee also mentioned efforts by the Hong Kong Housing Authority (HKHA) to promote smart construction and management of public rental housing estates. The HKHA has selected 10 such estates as pilot sites for smart estate management, and plans to introduce digital technologies in daily estate management work.

    Meanwhile, the Department of Justice will set up an Advisory Group on Promoting the Development of Lawtech to formulate policies and measures on the application of lawtech.

    With regard to expansion of Hong Kong’s IP trading ecosystem, Mr Lee highlighted that IP-intensive industries account for about 30% of Hong Kong’s Gross Domestic Product and total employment. He vowed to strengthen the city’s position as a regional IP trading centre in relation to innovation and technology, as well as the creative industries.

    Specifically, he said a proposal will be put forward next year to enhance the Copyright Ordinance with regard to AI technology development. A consultation will be launched, also in 2025, on the registered designs regime, and legislative amendments to streamline IP litigation processes will be proposed.

    Moreover, the Trade Marks Registry, under the Intellectual Property Department, will next year launch a new AI-assisted image search service for public use.

    Mr Lee added that the Government will continue discussions with patent agents and other stakeholders about introducing regulatory arrangements for local patent agency services, with the aim of nurturing professional talent and enhancing service quality.

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on October 16, 2024

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 50,000
    Total amount of offers received (in ₹ crore) 38,133
    Amount accepted (in ₹ crore) 38,133
    Cut off Rate (%) 6.49
    Weighted Average Rate (%) 6.49
    Partial Acceptance Percentage of offers received at cut off rate NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1303

    MIL OSI Global Banks

  • MIL-OSI Banking: Panasonic in Numbers: World Food Day 2024 Donation

    Source: Panasonic

    Headline: Panasonic in Numbers: World Food Day 2024 Donation

    Panasonic wants to create a “Caring World” by enabling people to enjoy and share food and cooking. Motivated by a desire to eliminate hunger and deliver health and the joy of cooking to people worldwide, Panasonic has been cooperating with the global TABLE FOR TWO (TFT)* initiative for more than a decade.To commemorate World Food Day 2024, Panasonic in Europe has announced two initiatives. First, the company will donate 100,000 school meals** to TABLE FOR TWO. Second, it will introduce a new program under which 5 school meals will be donated for every kitchen appliance purchased through the Panasonic online shop***.
    * TABLE FOR TWO (TFT) is a global initiative to eliminate food imbalance through a unique program of sharing meals between developed countries and children in developing countries.** 100,000 school meals based on a donation of €20,000 for World Food Day 2024.*** For each kitchen appliance purchased through the Panasonic online shop, Panasonic will donate €1, covering the cost of five school meals.

    MIL OSI Global Banks

  • MIL-Evening Report: View from The Hill: Albanese would be better off if the story wasn’t ‘all about him’

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

    Unless the government pulls up its political socks, Anthony Albanese could find himself spending a good deal of time in his  spectacular new home, with its uninterrupted ocean views, sooner than he wishes.

    This week’s Newspoll has the Coalition moving in front on a two-party basis for the first time, with Labor’s primary vote at 31%.

    Albanese would hope for another full term as prime minister. But if Labor fell into minority government at next year’s election, there would likely be pressure before too long to replace him. He would not be seen as a good bet for the 2028 election.

    If Peter Dutton pulled off a miracle win in a few months, Albanese could be regularly whale watching this time next year.

    Since the PM’s purchase of the $4.3 million house at the wonderfully-named Copacabana, was revealed on Tuesday,  two narratives have contended.

    Critics denounce Albanese as “tone deaf” in his timing during a housing affordability crisis.

    It was more than awkward that just hours after the news broke, Albanese was appearing with minister Clare O’Neil in Queensland to make an announcement about  housing.


    from Realestate.com, CC BY

    The Copacabana house is a story made for that renter-in-perpetuity, Greens spokesman Max Chandler-Mather.

    Dutton, who has bought and sold a few properties in his time, is careful with his words, knowing others will stir the outrage.

    The alternative narrative is that Albanese, marrying for a second time next year, is entitled to a private life. This involves reordering his property arrangements ahead of a wedding.

    Moreover, some observe, the criticism of him is the “politics of envy” or the “tall poppy syndrome”.

    But there’s another narrative. Suddenly, Albanese’s story has become “all about him” again, as it regularly does when he reverts to talking about his humble origins.

    Stressed voters could be forgiven for being impatient, or cynical about Albanese’s protestations this week that although he now has a good income, “I also know what it’s like to struggle”.

    My mum lived in the one public housing that she was born in for all of her 65 years. And I know what it’s like, which is why I want to help all Australians into a home, whether it be public homes or private rentals or home ownership.

    Unfairly or not, the house story will be read by some as a prime minister spending time on his own affairs.

    Buying a house is a major and reasonably time-consuming process, unless it was outsourced it to partner, Jodie Haydon. The Central Coast was chosen because her family lives there.

    The narrative can also be cast to look like Albanese is preparing for his post-political life while he is still the most important individual in politics.

    Whether this is accurate becomes beside the point, in this era when perceptions can be paramount.


    from Realestate.com, CC BY

    Unsurprisingly, he was asked whether he planned to retire at the house. “I’m planning to be in my current job for a very long period of time,” he said.

    In mid-1991 Bob Hawke purchased a property overlooking Sydney Harbour with a jetty and “stunning views”, and a price tag of $1.23 million.

    Hawke’s leadership was already on the decline – by year’s end he was replaced by Paul Keating.

    Apart from the bad publicity for Albanese, the house affair has taken a good deal of attention from what the government wanted to talk about, notably, what it’s doing to protect consumers and the like.

    It has meant his ministerial colleagues are forced to defend him when they are confronted with awkward questions.

    Energy Minister Chris Bowen tried to make the best fist of it that he could, when quizzed during an interview.

    “Every Australian is entitled to buy and sell property. Now Anthony cops it when he sells the property. He cops it when he provides a rent holiday to his tenants. He cops it when he buys a property,” he said.

    “I think most average Australians say, fair enough. You know, this is what aspiration is about, most average Australians say, well, you know, we all buy and sell properties.”

    When you are in the public eye it is not, however, such an ordinary story.

    By the way, when Albanese goes to the G20 in Rio de Janeiro next month, he can get to see the real Copacabana.

    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. View from The Hill: Albanese would be better off if the story wasn’t ‘all about him’ – https://theconversation.com/view-from-the-hill-albanese-would-be-better-off-if-the-story-wasnt-all-about-him-241479

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Doorstop – Social Media Summit, Adelaide

    Source: Australian Executive Government Ministers

    PETER MALINAUSKAS, PREMIER OF SOUTH AUSTRALIA: G’day and welcome to the Adelaide Convention Centre for the second day of the Social Media Summit that is being hosted between the New South Wales Government and the South Australian Government.

    I want to take this opportunity to thank Chris Minns for his leadership. Chris suggested the Social Media Summit, and certainly after a successful day yesterday, we now roll it to the second day of the agenda and look forward to hearing from a range of experts throughout the course of the day. One of them is Professor Simon Wilksch, who will be here a bit later on, who has been a keen advocate for change in this area, and has done an extraordinary amount of research through the Flinders University. I want to thank the professor for his presence here at this press conference. Really looking forward to hearing from Mike Burgess, who, of course, is responsible for ASIO here in Australia to hear about the implications of disinformation and social media and the impact on young people in the context of the future of our democracy here within Australia. I look forward to hearing Mike, along with a range of experts this afternoon.

    But I am very, very grateful that we have representation of the Federal Government here who, of course, has displayed great initiative and leadership to pursue reform that will be applied throughout the country. To that end, I express my particular gratitude to Minister Rowland, who is here from Sydney in Adelaide today, and also Minister Aly, who is the Minister for Youth of course.

    Michelle has been a keen advocate to making sure that the Commonwealth is getting ahead of the curve, to make sure we deal with this global challenge emerging, and whether it be through the age verification trial, the work of the eSafety Commissioner, but most recently a commitment to introduce legislation into the Federal Parliament that will put in place an age restriction for young people’s access to social media.

    It is significant work and I want to thank the Albanese Government, but particularly Minister Rowland for leading this charge. I’m very grateful that she’s able to be with us today on the second day of the Summit.

    We have taken this opportunity, though, as a State Government, to make sure that we’re not just focusing on the institution of an age limit for access to social media, but also doing the work around educating young people around what safe online behaviour looks like. Social media represents only one part of a young person’s access to the internet. There, of course, remains other unregulated areas where we know there is work to be done when it comes to educating children on how best to deal with the challenges that they simply will confront.

    No one is suggesting for a moment that we should keep kids off the internet. Yes, we want to put an age limit in place in terms of their access to social media, but if we’re serious about their safety, we’ve got to make sure that they’ve got the skills and the capability to be able to deal with cyber bullying; to be able to understand what healthy messages are around body images; to understand what is illicit content, and really, is it safe for them, to give them the preparedness to know what to do and who to speak to, and if an online predator comes after them, we want to make sure that in South Australia, we’re leading the way in that regard.

    That’s why today we are announcing that there will be a school based program that applies to all schools throughout the state of South Australia, within the curriculum, that gives access to children, to the knowledge and the tools about how to confront the challenges they’ll experience online. We want to make sure that in the South Australian education system, we’re not just keeping kids off their phones while they’re at school. We want to give them the tools about what they can do to protect themselves from the harms of the internet when they get home from school, and otherwise might get access to it. This is a consequence of evidence-based work. The Department of Education, through Minister Blair Boyer, who is with us as well, has been doing this work now for some months and we are now in a position to commit to this roll out starting next year. So from the school year 2025, children in South Australian schools will start learning, with the resources and tools that are required, what they need to do to be able to go online and do it safely. Without it being at the expense of their mental health, and then in turn their futures. I want to thank the Department, and particularly Blair for his hard work in this regard.

    Chris put on a great show in Sydney yesterday. It was a thoroughly worthwhile exercise, and I just want to thank him for his partnership and his leadership to this end, and invite him to say a few words before we hear from Minister Rowland.

    CHRIS MINNS, PREMIER OF NEW SOUTH WALES: Well, thanks a lot, Peter. It’s a real privilege to be here in Adelaide this morning with you, and Anne, and of course, Michelle as well. This is an important breakthrough when it comes to confronting an issue that’s facing parents, not just across Australia, but right around the world – and that is how do you deal with this creeping use of technology, particularly social media, that’s ubiquitous, that’s comprehensive, that every family has to deal with. When you look at the eSafety Commissioner’s report out earlier this week indicating that most young people are on social media, and the evidence that presented at the Social Media Summit yesterday indicated that 16-year-olds are spending three hours a day on social media. How do we as a community, not just a Government, but how do we as a community come together to protect our children, to protect the next generation? I think it’s been our view for a while now that this is a global, unregulated experiment on young people. This is the first generation that’s gone through this kind of access to social media, and as a result of that access to social media, exposure to what is often harmful content, what is often hurtful content, or bullying behaviour within social groups.

    We need to be able to do something about it, and the two-day Summit has given us an opportunity, with South Australia, to get the issues on the table, to talk directly with parents, to arm people with both the latest facts as well as tips and strategies to get the best out of your kids and ensure that they’ve got the best start in life. I think most crucially, to progress legislative change so that we can deal with rapidly changing technology.

    I want to give full credit to the Commonwealth Government for stepping up here and introducing what will be a globally leading change to regulation in the world. We think it will make a difference and spark or ignite a fire when it comes to a recognition amongst communities that social media is doing harm to young people that could sweep right across the world. It’s been resisted at every gate, at every step by Silicon Valley and the billionaires that own these companies. But that’s not a good enough reason to do nothing. At the end of the day, our obligation is to do no harm for young people, and if we get this right, technology can work for us rather than running and dominating all of our community and family life.

    MICHELLE ROWLAND, MINISTER FOR COMMUNICATIONS: Thank you so much, Premiers. The safety of our young people is paramount. Not only their wellbeing, but also their mental health. To that end, the Commonwealth sees the safety of children, especially in the online space, as a collective responsibility. 

    The Premiers will know that their frontline services are being impacted by the harmful implications that can arise from social media. Whilst it can be a positive tool in many respects, there are harms that come with it. The Premiers will also tell you that the mobile phone ban in schools, for example, has seen a definite change in behaviours. At the same time, the consequences of the harms of social media are impacting on their education as well as health systems and mental health systems in particular. It’s for this reason that the Commonwealth takes a collective approach, not only right across the Albanese Government, but also with the states and territories as well. All Australians should know that we are working as one towards the safety of our most vulnerable.

    To that end, the Commonwealth has committed that we will introduce legislation this year to mandate a minimum age for access to social media. This is a commitment from the Prime Minister, and I am pleased that today we are announcing the legislative design principles that will underpin this approach. For example, we see the onus as being on the platforms, not on users or their parents when it comes to safety online. It’s important to incentivise the platforms to create less at risk platforms, less at risk apps, less at risk services. To that end, we look forward to working with industry to help achieve this goal. We know through recent developments that the platforms can, and they should, be doing more in this space. We will also be working with eSafety, who will be overseeing this legislative change. Importantly, we will continue to pursue efforts to make sure that the platforms are held to account, and do more. To that end, there won’t be penalties that will be imposed, as I said, on those children or their parents as users. But we will ensure, through our review of the Online Safety Act, that the penalties regime is fit for purpose. It’s important to note here, as I said, that this is a collective responsibility across Government. As I will outline today, this is one step in many that the Albanese Government is taking to keep young Australians safer online. The normative value of this is immense. So many parents are being overwhelmed by the amount of time their children are spending online, and what they can do as parents to help more effectively manage that – the normative value of this will be immense for those parents. So again, I thank the Premiers for convening this. It’s so important that the Australian people know that as one we have their back when it comes to keeping their children safer online.

    PROFESSOR SIMON WILKSCH: Hi, everybody. I’m absolutely delighted to see the collaboration between the Federal and State governments, the respective leaders and the premiers on this issue. We heard this week that 84 per cent of eight to 12-year-olds are on a social media site in Australia. That is entirely unacceptable. I’m a clinical psychologist working with patients with eating disorders – if we wanted to try to create a way of causing eating disorders, it would be to use these kinds of platforms with children that age. We’ve seen a 200 per cent spike in 10 to 14-year-olds experiencing an eating disorder over the last 12 years. As someone who works in the clinics helping these families through this problem, I see the devastation this causes young people; the families, the toll it takes – and these are just in the area of eating disorders. We know across the board with mental health and other areas there is suffering going on caused by these platforms, so I completely support minimum age. I would like to see it get up to 16.

    I also really welcome the announcement of funding towards school-based programs that will prevent these problems and really assist young people to be equipped to handle their online presence and be safe. I have a particular program, named Media Smart, for schools which has a very strong evidence-base. 

    It’s an eight lesson program designed to help young people be informed about those messages they see; to question how social is their experience on social media; just take steps towards taking care of themselves and others. So I’m really hopeful that that type of program can be made available widely, and thank you.

    JOURNALIST: You talked about the onus not being on the users or the parents, but putting it back on the platforms. We’ve seen platforms be reluctant to make that change to ownership of platforms rather than the user itself. How is the Government going to enforce this? Is there going to be big fines? Or what’s the timeline here for platforms to adopt this change?

    ROWLAND: Well, we are looking at a one-year implementation timeframe. But I think it’s important to note that even as we have seen recently with Meta’s announcement of a new Instagram teen product, that the platforms can do more in this space to create less at-risk services. So we want to encourage that. We want to incentivise those better, less risky services that they can actually produce. But the point is very valid when it comes to penalties for the platforms. Currently in the Online Safety Act, the maximum penalties for offences are less than $1 million, and these are actually not reflective of the sometimes litigious nature of these platforms, but also the amount of revenue that’s generated. So this is one of the specific areas that the independent review of the Online Safety Act is looking at, and I expect to have their findings in the upcoming weeks. But we are very mindful of that. We want to incentivise as well as provide that backstop through penalties, appropriate levels of penalties that make the platforms do better.

    JOURNALIST: Are you expecting resistance from these platforms?

    ROWLAND: Well, so two things there. The first is that the Online Safety Act has been in operation now for some years, and the industry is now accustomed to it. By and large, the social media platforms have a high rate of compliance with it. However, there are always instances where there is non-compliance or it is contested, and the fact that is contested again demonstrates that the Government considers that no company, despite its wealth, despite its multinational status, is beyond our laws. We will always assert Australia’s sovereignty in that regard.

    The second point too goes to the fact that we want those platforms to be accountable, by having not only incentives but proper penalties in place, that ensures that transparency and accountability. We do not wish to punish parents or users in this process. That is something that needs to be made very clear. This is about the platforms doing better. We have an Online Safety Act that was basically designed as a complaint-based system about individuals, not the onus being on the platforms. That’s something that we are looking at changing through our review, but it’s something that we are also committed to in the design principles of this legislative change.

    JOURNALIST: Minister Rowland, as part of this legislation, are you going to be advocating for better psychological support for young people who have suffered as a result of these tech platforms? Because hearing from the young people in there, that’s hand in hand with this legislation.

    ROWLAND: Now, that is certainly valid. The other side of that, of course, too, is that a lot of young people do access support services now through social media. So it’s going to be very important for Governments and departments to work together to ensure that young people can still access those services, even if they are below that minimum mandated age. So those two points are very valid.

    JOURNALIST: We’ve seen recent changes to Instagram. Do you think our Government’s push has led to that?

    ROWLAND: It is pleasing to see that these Instagram changes occurred after our Prime Minister made that commitment. Now, whether or not there is causation in there remains to be seen. But we do know that incentivisation does work in this area, and I can give that example from when Minister Amanda Rishworth and I convened the first roundtable to regulate dating apps services, because the level of tech facilitated abuse and death was simply too high as a result of this occurring. 

    Amazingly, these multinational dating app platforms suddenly discovered new safety features that they were able to roll out. So we welcome any safety features that the platforms may be rolling out, but that does not mitigate the need to legislate in this space.

    JOURNALIST: Premier Minns – the announcement today from the South Australian Government in curriculum and an adjustment there – could we see something similar to New South Wales and maybe even the mobile phone bans, etcetera.?

    MINNS: Yeah, we’ve got a proud history of stealing good ideas from Peter, so why should today be any different? It seems like a good initiative to us. We flat out nicked the mobile phone ban from South Australia which was resisted when we were in Opposition. But I saw it in implementation over here, Peter came over to Sydney to talk to us about the positive benefits, and I have to say it’s a reasonably early stage in our Government’s tenure, but I think it’s the best decision that we’ve made. 

    Interestingly, if you speak to kids and parents and teachers, they’ll tell you that the big difference has happened during recess and lunchtime. Where kids put down their phones, they can actually speak with one another, play games, and interact at a human level rather than online. So it’s great initiative. I think this is a good way for federations to work – see something in operation somewhere else, steal it and put it in your own jurisdiction.

    JOURNALIST: So the current plan to adopt more online safety into the curriculum from next year – is that something that New South Wales might be looking at as well?

    MINNS: Yeah. Look, I don’t have an announcement today, but give us a bit of time. I think part of the process for a summit like this is you get the ideas out on the table, you can learn from them, steal them and implement them and ultimately get the facts on the table. These two- this summit, the two days that we’ve had in both Sydney and Adelaide has been, I think, a breakthrough in both policy change, but also getting the facts out on the table and invaluable. So I’d like to see more of it actually.

    JOURNALIST: Is there the opportunity to take this then to National Cabinet as a joint collective then, if you seem interested in the idea to pursue it further, to maybe make it a bit more of a wider national problem, given that social media can happen anyway?

    MINNS: Look, potentially. We’ve got a lot on our plate when it comes to the National Cabinet agenda, and states have to work and operate independently. Public education, the curriculum is a state based responsibility. We take that very seriously. Obviously, that’s our responsibility, but if we can spot a good initiative that’s working somewhere else, I’m not afraid to steal it.

    JOURNALIST:  I’ve got a question for Premier Malinauskas – what kind of fines would you like to see the federal legislation do for this?

    MALINAUSKAS: Look, the Chief Justice French report, I think, lays it out pretty clearly that whatever the fine regime is needs to have a sufficient economic deterrence to make sure we change the behaviour of these social media companies. Now, economic deterrence is an established legal principle, and basically what it means is that capacity to pay should inform the size of the fine. 

    Now, when it comes to these social media companies, my word, they’ve got the capacity to pay. These companies are making an extraordinary amount of money out of the Australian market, which means if they break the law, the Australian jurisdiction, the fine should reflect that. In other words, it’s got to be billions of dollars. We certainly welcome the Federal Government’s not just interest but for the work that is already underway through the Online Safety Act.

    JOURNALIST: Premier, you’re a father of young kids. How do you see this sort of legislation playing out in real time? Won’t kids find a way to get on social media regardless?

    MINNS: It’s a really important question and it’s one that reflects, I think, a public sentiment. It continuously gets raised. Won’t kids find a way around the social media ban? Probably, but that doesn’t mean that we shouldn’t be establishing the principle in a law that sets the community standard, that arms the parents with the ability to say to their children, no, you can’t do that because it is against the law. No different to drinking underage or smoking before you’re 18. I mean, we say to kids you shouldn’t drink if you’re under the age of 18 – that’s consistent across the country. Do kids drink underage? Of course they do. Do they sneak behind the shed and have a cigarette? Probably. But what we know is that a lot less kids do that as a result of us having a clear standard and a law that can apply throughout the land. Social media is no different. With even the mobile phone ban at schools, we were the first state to do a proper phone ban in schools, bell to bell, not having them at recess and lunch. Are there examples of kids sneaking mobile phones into school post the mobile phone ban? Yeah, of course there are, but they are the exception to the rule because now the rule is clear. No phones in schools. So we establish rules and principles and standards that- in the full knowledge that someone will break them but that doesn’t mean they’re not worthwhile because the majority of people tend to comply.

    JOURNALIST: Premier, will you be taking this idea to National Cabinet? You’ve been very vocal in youth law and social media spaces

    MALINAUSKAS: Look, I think and Blake and [indistinct]… necessary of it. In that education ministers’ forum, there is a constant sharing of ideas between states and also with the Federal Government around various initiatives that are being undertaken. This will be shared in that context. Chris is right. I mean, I think when it comes to National Cabinet, my view is we’ve got to be a little bit careful that we don’t load up a National Cabinet agenda, so we don’t end up focusing on the main structural challenges that we have within our federation. So I don’t think this will be one that goes through National Cabinet, but it’s certainly an idea that’s clearly going to be shared through the appropriate channels and hopefully gets taken up.

    JOURNALIST: Would you like to see it adopted maybe through the Federal Government then maybe not through National Cabinet at all?

    MALINAUSKAS: As Chris said, what we teach our kids in the schools is the responsibility of states. We’ve got a range of discussions on [indistinct] with the Cabinet at the moment around funding school regimes and the like. This is an initiative that we’re applying here in South Australia, but if it’s relevant and appropriate in other jurisdictions, that would be great.

    JOURNALIST: Premier, what age will this new curriculum be rolled out to? Is it high school students and is it being done elsewhere?

    MALINAUSKAS: Well, it starts next year. I might invite Blair to go into a bit of detail on that.

    BOYER: Thank you, Premier. So it starts next year. It will be delivered at different ages or different year levels in high school, and each one will be adapted in a way to make sure that it’s actually age appropriate as you go up from year seven, year eight, year nine. I think Simon spoke really well about the kind of content that’s in there. Simon’s program is one of the ones already that is on the approved list here in South Australia. So the funding that we are announcing today to provide to schools so they can secure the services of Simon and other programs like that and come in and actually sit down with kids and talk through all these issues that we know come about because of the use of social media. So the important thing to do here, I think, though, is that what is taught and the kind of curriculum and detail in there needs to be different as it goes up from year seven all the way into the senior years, because as kids get older, they are dealing with different issues and the nature of their engagement with social media changes as well.

    We need to make sure it’s evidence based, which Simon’s is, and make sure it’s regularly updated because the other thing I think here that is the real challenge that I’ve observed is that we’re on a burning platform here. I mean as we sit here having this press conference, there’s people outside here who seek to take advantage of young people through social media, whether it’s a scam or harassment or predators, they are constantly thinking of ways to get around the protocols and security features that we put in. Every day they are spending their time trying to get around the things that Governments do to keep our kids safe. So that’s why it’s really important that we use programs like Simon’s to make sure the information we’re giving kids is up to date. It also speaks to why we’re upgrading and updating the Keeping Safe: Child Protection Curriculum here in South Australia to make sure that it now includes things like AI, deepfakes and coercive control. We’ve actually done that work with the AFP, with the Australian Centre for Countering Violent Extremism and the eSafety Commissioner to make sure that what’s in our child protection curriculum is fit for the year 2024 and not still based on something that was an issue back in the 1980s.

    JOURNALIST: You mentioned the extra funding to allocate this to bring programs in like Simon, what’s that going to cost? 

    BOYER: I don’t know a specific figure yet because we’ve- we’re going to roll it right out across all schools. That will depend exactly how many sessions that we actually provide. We’ll work with some of the providers like Simon to see that. But we’ll make sure that what we provide is not just age appropriate, but can reach all South Australian students, which I think is important as well. It’s also going to be some work to do there in the future to do that constant updating, because, as I said, those people who are seeking to, you know, get around the things that we are doing to keep kids safe are doing that every, waking minute. So we need to make sure that things that we do are constantly updated. And you know, brought into the year 2024.

    JOURNALIST: So what will it look like in classrooms? Will it be a number of sessions with people and programs like what Simon has? 

    BOYER: So exactly right. So we have an approved provider list for the Department for Education. So there’s a number of providers who offer services like the ones that Simon does and schools are able to choose from that list of those providers and we will be funding them to do that and bring those providers in and sit down with students of all those year levels all the way up to year seven and offer the classes essentially. It’s all one on one basis, talking through all these issues and effective things they can do to protect their own mental health and wellbeing and have all those kind of deeper conversations, which as what we heard from the student panel today is needed, I think. It can’t be kind of a cursory tick and flick kind of part of the curriculum, because what these students are grappling with here is, incredibly complex, really complex stuff and changing all the time. So we need to make sure that the resource materials and support that our schools and teachers get is up to date. What we’re announcing today is making sure they have the financial resources to do exactly that.

    JOURNALIST: What are the indicators here to know that this is starting to get traction and working?

    BOYER: In terms of?

    JOURNALIST: In terms of the application.

    BOYER: Of the program?

    JOURNALIST: Yeah, the program through the school?

    BOYER: Yeah. Yeah. Good question. I mean, I always say that in my job as Education Minister, there’s nothing more powerful than hearing from students and premiers- Premier Malinauskas spoke with you well before I think around why the mobile phone ban was really important, even though it was going to be a very hard thing to do. Although now we’re talking about its success, I remember at the time there were plenty of who thought it was going to be very challenging to put in place. Are there still students who try to get around it? Absolutely they are, but the reason that is starting to drop in terms of the numbers of students we see who are trying to get a way around it, is because as those students this morning said, what they are finding is that when their classroom or the playground is free of mobile phones, they actually like the place more. The most powerful bit of advice I got or feedback I got from- was from a principal out in my way in the north eastern suburbs who said the playground feels like it did in the 1990s. As Kirsty said this morning, it’s kicking the football, playing sport, talking to each other and seeking more activities to do. So I think it’s that kind of feedback that speaks to how the kind of programs that we are funding today actually work and actually succeed and actually make the school and the classroom a place that kids want to be in, a place that kids enjoy.

    JOURNALIST: I suppose just further to Josh’s question, who’s been consulted on these new reforms? Have the kids been part of the discussion?

    BOYER: We’ve done a massive amount of consultation as part of the new Australian curriculum in South Australia, including the adapted South Australian part. I think 12,000 views people have taken into account. It’s the biggest consultation that the education system in South Australia has ever done. Students, classroom teachers, principals, industry groups, the employers, associations like Kirsty is the head of the Principals’ Association about what they want to see. I was fortunate enough to be part of some of the consultation groups that we held here.

    JOURNALIST: Minister Rowland. The flights from Lebanon, how much did they cost? 

    ROWLAND: That’s best directed to the Foreign Affairs Minister. But I will say this, the Australian Government has been saying for some time that Australian citizens need to return to Australia. It is becoming increasingly difficult; the situation is becoming unstable. The Government has made provisions to ensure that Australian citizens are safe but as we have been saying for some time, it’s time to get out.

    MIL OSI News

  • MIL-OSI Australia: Police Officer Suspended Following Drink Driving Offence

    Source: Northern Territory Police and Fire Services

    A 54-year-old police officer has been issued a Notice to Appear for a mid-range drink driving offence that occurred yesterday in Katherine.

    As a result of this incident, the officer has been suspended from duty with pay and is scheduled to appear before Katherine Local Court on 23 October 2024.

    This information has been shared in accordance with the NT Police Transparency Guidelines.

    MIL OSI News

  • MIL-OSI Asia-Pac: Govt to launch committee for talent

    Source: Hong Kong Information Services

    Chief Executive John Lee today revealed that the Government will set up a Committee on Education, Technology & Talents to promote Hong Kong as an international hub for high-calibre talent.

    Unveiling a raft of measures aimed at building the city’s capacity in terms of knowledge, talent and opportunities, Mr Lee said in his 2024 Policy Address that “education nurtures our future, technology denotes our strength, and talents lead our development.” Initiatives aimed at promoting Hong Kong’s development as an international centre for post-secondary education and strengthening youth development were also announced.

    The Committee on Education, Technology & Talents will be led by the Chief Secretary and will co-ordinate and drive the integrated development of education, technology and talents, expand connections, formulate policies to attract and cultivate talents, and foster the development of technologies.

    Highlighting that around 160,000 individuals have come to Hong Kong under the talent admission regime, out of more than 380,000 applicants, Mr Lee stressed that various aspects of it needed to be reformed to cover a projected shortfall of around 180,000 workers across different sectors over the next five years.

    Specifically, the Talent List will be updated to cover personnel required for the development of Hong Kong in eight key areas. In addition, the list of universities under the Top Talent Pass Scheme will be expanded to 198 by adding 13 top Mainland and overseas universities. The validity period of the first visas awarded to successful high-income applicants under the scheme will be extended from two to three years.

    The General Employment Policy and the Admission Scheme for Mainland Talents and Professionals will be enhanced to attract experienced specialists in specific skilled trades that face acute manpower shortages. A new mechanism will also be introduced under the Quality Migrant Admission Scheme, allowing high-calibre talent to be proactively invited to come to Hong Kong. Moreover, a pilot arrangement that includes graduates from Greater Bay Area (GBA) campuses of Hong Kong universities under Immigration Arrangements for Non-local Graduates will be extended for two years.

    Meanwhile, Hong Kong Talent Engage (HKTE) will step up promotion of its online platforms to offer comprehensive information on salaries, taxation, education, visas and more. It will also expand its network of collaborative partners, hold online and in-person job fairs, organise another international talent forum, and conduct overseas promotion.

    With regard to promoting Hong Kong’s development as an international hub for post-secondary education, Mr Lee said the Government will set up a Hong Kong Future Talents Scholarship Scheme for Advanced Studies, beginning in the next academic year. The scheme will offer scholarships each year to up to 1,200 local students enrolling in designated postgraduate programmes.

    The Chief Executive also announced the creation of the “Study in Hong Kong” brand, explaining that this will involve hosting international education conferences and exhibitions, enhanced collaboration and exchanges between local post-secondary institutions and their counterparts around the world, and increased emphasis on attracting overseas students through scholarships and other incentives.

    He added that efforts will be made to improve accommodation for students through a pilot scheme aimed at streamlining the processing of applications to convert hotels and other commercial buildings into student hostels. The Government will also make available suitable sites for the private sector to build new hostels, having regard to market demand.

    Also in the educational realm, Mr Lee said a bill will be introduced next year to improve the regulatory and quality assurance mechanisms of self-financing post-secondary institutions. He added that the Government has earmarked over 80 hectares of land in the Northern Metropolis for a Northern Metropolis University Town, and will encourage local post-secondary institutions to develop branded programmes, research collaboration and exchange projects with renowned Mainland and overseas institutions.

    The Chief Executive highlighted that following recognition of the Hong Kong Metropolitan University as the city’s first university of applied sciences (UAS), a UAS alliance will be established this year. It will embark on joint promotion and strengthen collaboration with UAS institutions around the world. The Government has allocated a startup fund of $100 million for the alliance.

    Mr Lee added that the Government will build a campus for the Vocational Training Council’s newly established Hong Kong Institute of Information Technology.

    Meanwhile, the Education Bureau will establish a Steering Committee on Strategic Development of Digital Education to promote digital education, renew the Junior Secondary Science Curriculum and provide support for teachers in using AI in teaching.

    In terms of broader support for teachers, the Government will allocate $2 billion to set up a Teacher Professional Development Fund to support the long-term development of the profession. About $470 million will be allocated to enhance the learning and teaching of English, Putonghua and other languages.

    Turning to the housing needs of young people, Mr Lee said the Hong Kong Housing Authority will allocate an extra ballot number to young family applicants and one-person applicants under 40 with White Form status for the purchase of Home Ownership Scheme (HOS) flats from the next HOS sale exercise onwards. Starting from the next White Form Secondary Market Scheme (WSM) exercise, the WSM quota will increase by 1,500, with all of the additional places going to young family applicants and one-person applicants under 40.

    Moreover, a “Youth Post” hostel and spaces for cultural and arts exchanges will be created for young people at the Kai Tak Community Isolation Facility, and a physical platform for interaction will be set up for “Youth Link” members at the Nam Cheong District Community Centre.

    The Government will establish a new interactive space and set up a video studio at the Youth Square in Chai Wan, and launch a new round of the Funding Scheme for Youth Life Planning Activities, which invites NGOs to provide enhanced services and national affairs content. The Hong Kong Jockey Club will contribute $300 million to support these initiatives.

    Mr Lee said the GBA Youth Employment Scheme will be enhanced through a relaxation of eligibility requirements, meaning young people aged 29 or under with sub-degrees or higher qualifications will be able to join the scheme. The Youth Employment and Training Programme will also be refined, with the upper age limit for participants rising to 29. Additional workplace attachment opportunities will be provided in the GBA under the programme.

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: RUMTS offers a free advanced training program

    MILES AXLE Translation. Region: Russian Federation –

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

    The Resource Educational and Methodological Center for the Training of Disabled People and People with Limited Health Capabilities of the State University of Management invites the administrative, managerial, teaching and educational support staff of the university to undergo training in a free advanced training program “Organizational, managerial and organizational and methodological foundations of inclusive higher education” of 72 academic hours.

    The form of study is correspondence with the use of distance learning technologies. The program will be held from 11/18/2024 to 12/08/2024. Upon successful completion of the program, students will be issued certificates of advanced training of the established form.

    To organize training, you must register on the website of the RUC GUU or via a direct link by November 10, 2024.

    Contact person: Olga Anatolyevna Kharlamova, coordinator of the RMC GUU, director of the Scientific Library of the GUU Museum and Library Complex, phone: 7 (495) 377-77-88 ext. 36-81, e-mail: oa_harlamova@guu.ru

    Subscribe to the tg channel “Our State University” Announcement date: 10/16/2024

    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.

    RUMTS offers a free advanced training program

    MIL OSI Russia News