Category: Economics

  • MIL-OSI Economics: Applications now open for the 2025 Samsung Solve for Tomorrow STEM Competition

    Source: Samsung

    Applications for the 2025 Samsung Solve for Tomorrow STEM Competition are now open. The competition is aimed at empowering young people through education and skill enhancement, particularly focusing on Science, Technology, Engineering, and Math (STEM). Applications opened on Monday, January 27 and close on February 28, 2025.
     
    The competition seeks to foster innovation among high school learners from underprivileged backgrounds throughout South Africa.  Grade 10 and 11 learners attending public schools are encouraged to apply. Participants will be tasked with addressing genuine community problems using STEM principles, thus improving their analytical abilities and gaining professional guidance from Samsung employees.
     
    Teams stand a chance to win exciting prizes and the recognition as South Africa’s next generation of innovators and problem-solvers.
     

     
    This year’s theme, “Infrastructure and Safety,” challenges learners to tackle pressing issues in their schools and communities. They have an opportunity to explore creative solutions in one of the following topics:
     
    Energy-Efficient Schools – Develop practical and sustainable ways to reduce energy consumption in schools.
     
    Innovative Transport Solutions for Learners in Rural/Township schools – Design efficient and accessible transport systems for learners in remote areas.
     
    Affordable Safety Devices for Learners Traveling Long Distances – Create low-cost, effective tools to enhance the safety of learners during their daily commutes.
     
    Qualifying criteria
    Entries should be made by a team of 2 to 5 learners
    Must choose one topic to address
    The school must be a quintile 1 – 4 public school
    Applicants must be South African Citizens
    Entries should be made on the Samsung Solve for tomorrow website
     

     
    How to Apply:
    Application forms are accessible online. Visit our website https://www.samsung.com/za/solvefortomorrow/  to register your school and submit your team’s proposal.
     
    Do not miss this opportunity to empower your learners to think big, collaborate, and shape the future of South Africa. Together, we can inspire change, one idea at a time. Join us and be part of the movement to change our communities’ problems using STEM.
     
    For more information, visit https://www.samsung.com/za/solvefortomorrow/  or contact us at ssasft@samsung.com.

    MIL OSI Economics

  • MIL-OSI Economics: Outline of Panasonic Group Management Reform

    Source: Panasonic

    Headline: Outline of Panasonic Group Management Reform

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics

  • MIL-OSI Economics: Panasonic Automotive Systems Announces Personnel Changes

    Source: Panasonic

    Headline: Panasonic Automotive Systems Announces Personnel Changes

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics

  • MIL-OSI Economics: Asian Development Blog: From Roads to Riches: Economic Corridors Can Supercharge South Asia

    Source: Asia Development Bank

    Economic corridor development in South Asia enhances trade, industrialization, and connectivity while addressing infrastructure gaps and business constraints. By creating jobs, promoting regional integration, and improving manufacturing competitiveness, corridors contribute to sustainable economic growth and poverty reduction.

    Economic corridors are drivers of economic growth and structural transformation and are integral to the pursuit of regional development and economic integration. They not only enhance connectivity and trade but also foster industrialization, job creation, and balanced regional growth. 

    In South Asia, particularly in Bangladesh, Bhutan, Nepal, India, and Sri Lanka the development of economic corridors presents a promising pathway to unlock economic potential, strengthen regional ties, and promote sustainable development. 

    Economic corridor development efforts aim to improve a country’s manufacturing potential by addressing key constraints such as cumbersome business processes, infrastructure bottlenecks, and low competitiveness of domestic manufacturing leading to low manufacturing jobs and less integration with global value chains.

    An economic corridor is a network of infrastructure projects designed to stimulate economic development across and between regions. These corridors typically include transportation routes, such as highways, railways, and ports, as well as industrial hubs and trade facilitation zones. The aim is to enhance connectivity, reduce trade barriers, and promote investment, ultimately spurring economic activities and job creation.

    India, with its vast and diverse economy, plays a crucial role in the development of economic corridors in Bangladesh, Bhutan, Nepal and Sri Lanka. The country’s strategic initiatives, such as the NICDP and the Prime Minister Gati Shakti (PM-GS) National Master Plan, aim to enhance connectivity and promote economic integration.

    In Bangladesh, the development of economic corridors is focused on enhancing infrastructure and trade logistics. Notable examples include the South West Economic Corridor, spanning from Khulna and Jessore to Dhaka, and the North East Economic Corridor, connecting Dhaka to Sylhet. These corridors are designed to improve the country’s trade infrastructure, diversify production networks, and integrate with regional and global value chains, all the while stimulating economic activities in less developed areas.

    Bhutan has planned to develop Gelephu Mindfulness City which will be the biggest economic hub of Bhutan attracting foreign investment and integrating with the rest of South Asia and Southeast Asia. Multimodal connectivity of Gelephu with India and Bangladesh will be a critical factor of its success in future. 

    Economic corridors drive regional integration, boost industrialization, and create jobs by enhancing infrastructure, reducing trade barriers, and fostering economic growth across South Asia.
     

    India’s efforts in industrial corridor development aim to boost the manufacturing sector by addressing key constraints like cumbersome business processes and infrastructure bottlenecks. 

    The National Industrial Corridor Development Program, in collaboration with the Asian Development Bank, focuses on creating a conducive environment for manufacturing, thereby enhancing sectoral growth. The Prime Minister Gati Shakti (PM-GS) National Master Plan further aims to enhance connectivity and promote economic integration across the country.

    Nepal, a landlocked country with challenging terrain, faces unique obstacles in its quest for economic development. The development of economic corridors, such as the East-West Highway and the North-South Corridors, is crucial for improving connectivity, reducing trade barriers, and fostering regional integration. These corridors aim to link Nepal more effectively with its neighbors, promoting economic activities and development in the region.

    Sri Lanka’s Colombo-Trincomalee Economic Corridor (CTEC) connects the Western Region including Colombo Port with the East Coast to Trincomalee Port, aims to facilitate economic growth through a network of export zones and free trade zones. This infrastructure is expected to boost trade, attract investments, and promote balanced regional growth.

    Economic corridor development involves a building block approach of construction and enhancement of transport networks, energy grids, and trade facilitation measures that connect key economic hubs within and across borders. 

    The transport and trade corridors are designed to streamline the movement of goods, services, and people, thereby reducing costs, increasing efficiency, and boosting competitiveness. The initiative also emphasizes the importance of aligning national policies and regulations to ensure seamless operations and to maximize the benefits of regional integration.

    Gradually these corridors will be transformed into economic corridors by addressing both hardware and software aspects of development. Effective corridor development also entails creating a conducive environment for businesses to thrive and for economies to grow.

    One of the key objectives of economic corridor development is job creation. This is a critical development objective for the countries in South Asia.  The creation of formal jobs through the expansion of the manufacturing sector directly contributes to poverty alleviation. 

    By facilitating the formalization of labor and incentivizing firms to adopt modern technology, corridor development helps to increase productivity and wages, thereby improving the standard of living for workers. Government actions to provide gender-inclusive housing, upgrade the skills of female workers, and appoint female board members in industrial node boards, further enhance economic corridors’ impact on poverty reduction and gender equality. 

    Economic corridors are pivotal in shaping South Asia’s economic future by enhancing trade, industrialization, and regional cooperation. Continued investment, policy alignment, and inclusive development strategies will be essential in maximizing their benefits and ensuring sustainable, equitable growth.
     

    MIL OSI Economics

  • MIL-OSI Economics: TOYOTA GAZOO Racing Launches Evolved GR Corolla in Japan

    Source: Toyota

    Headline: TOYOTA GAZOO Racing Launches Evolved GR Corolla in Japan

    TOYOTA GAZOO Racing (TGR) has started accepting orders for its evolved GR Corolla, a model that leverages insights gained by competing in motorsports. Orders will be accepted through Toyota dealerships across Japan from today, February 4, and actual launch is planned for March 3. This is the same model announced on August 2, 2024, in the USA, but with Japanese market specifications. The following news release provides detailed information on the features of this evolved GR Corolla.

    MIL OSI Economics

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on February 04, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 25,524
    Amount allotted (in ₹ crore) 25,001
    Cut off Rate (%) 6.51
    Weighted Average Rate (%) 6.52
    Partial Allotment Percentage of bids received at cut off rate (%) 80.25

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2072

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on February 03, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,78,019.82 6.43 1.00-6.80
         I. Call Money 11,834.94 6.56 5.10-6.65
         II. Triparty Repo 4,05,311.75 6.38 5.50-6.55
         III. Market Repo 1,58,696.83 6.54 1.00-6.80
         IV. Repo in Corporate Bond 2,176.30 6.76 6.75-6.80
    B. Term Segment      
         I. Notice Money** 178.70 6.44 5.90-6.65
         II. Term Money@@ 636.50 6.35-7.50
         III. Triparty Repo 230.00 6.60 6.60-6.60
         IV. Market Repo 4,117.48 6.62 6.60-6.83
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Mon, 03/02/2025 1 Tue, 04/02/2025 48,785.00 6.51
         (b) Reverse Repo          
    3. MSF# Mon, 03/02/2025 1 Tue, 04/02/2025 1,170.00 6.75
    4. SDFΔ# Mon, 03/02/2025 1 Tue, 04/02/2025 1,13,121.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -63,166.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,71,652.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,08,486.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 03, 2025 9,00,623.53  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ February 03, 2025 48,785.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 -40,102.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2071

    MIL OSI Economics

  • MIL-OSI Economics: Unintended Consequences of Business Digitalization Among MSMEs During the COVID-19 Pandemic: The Case of the Philippines

    Source: Asia Development Bank

    The findings show that internet or e-commerce use did not lead to better MSME outcomes during the strict lockdown in March 2020. However, by August 2020, the negative effects had lessened, and by March 2021 a positive impact had emerged. This delayed positive impact suggests that MSMEs need a certain level of maturity to effectively harness digital tools. The authors propose how policymakers could help enhance the resilience of MSMEs in the Philippines through digitalization, such as by establishing a regulatory framework to ensure fair competition for MSMEs on digital platforms. The paper complements a previous study on data from Indonesia.

    MIL OSI Economics

  • MIL-OSI Economics: ACP Statement on Confirmation of Chris Wright as U.S. Secretary of Energy

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on Confirmation of Chris Wright as U.S. Secretary of Energy

    WASHINGTON, February 3, 2025 –The American Clean Power Association (ACP) released the following statement from Jason Grumet, ACP CEO following the U.S. Senate confirmation of Chris Wright as Secretary of Energy:
    “The American Clean Power Association congratulates Chris Wright on taking the helm at the U.S. Department of Energy (DOE). We look forward to partnering to advance DOE’s essential role in driving innovation, ensuring energy security, and advancing clean energy solutions. ACP is committed to working with Secretary Wright to address and meet our nation’s rapidly growing electricity demand.”
    ###

    MIL OSI Economics

  • MIL-OSI Economics: Monetary policy frameworks: lessons learned and challenges ahead

    Source: Bank for International Settlements

    Several central banks in advanced economies are currently reviewing their monetary policy frameworks. These reviews are timely, since the post-pandemic inflation surge offers important insights to refine frameworks. This experience has shown that inflation risks are considerably more two-sided than previously appreciated and has highlighted the public’s strong aversion to inflation. The inflation surge has also underscored the unpredictable nature of economic developments, emphasising the need for monetary policy to be able to react nimbly. These considerations indicate scope for rebalancing frameworks towards the risks of inflation surges and reducing reliance on policy tools that are difficult to adjust. Crucially, the reviews should adopt a realistic perspective on what monetary policy can achieve and ensure the robustness of frameworks against a wide range of possible economic developments.

    MIL OSI Economics

  • MIL-OSI Economics: ACP Statement on New Jersey Offshore Wind Project Solicitation Awards

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on New Jersey Offshore Wind Project Solicitation Awards

    WASHINGTON, D.C., February 3, 2025 – The American Clean Power Association (ACP) released the following statement from Jason Grumet, ACP CEO in response to New Jersey announcing they are not moving forward with new offshore wind project solicitation awards: 
    “New Jersey’s decision today to cancel its offshore wind procurement is a direct consequence of the uncertainty created by the recently issued executive order. Each offshore wind project represents a multibillion-dollar investment in American infrastructure. While the merits of each project must be evaluated based on the economic and energy needs of state and local interests, U.S. offshore wind represents critical investment necessary to maintain our nation’s competitive energy advantage.
    “The U.S. urgently needs more electricity, and offshore wind projects that have already gone through a comprehensive and rigorous permitting process are primed and ready to meet future energy demand. ACP looks forward to working with the Trump Administration to expedite its review and bring much-needed energy to the American people.”

    MIL OSI Economics

  • MIL-OSI Economics: South Africa launches safeguard investigation on corrosion-resistant steel coil

    Source: WTO

    Headline: South Africa launches safeguard investigation on corrosion-resistant steel coil

    In the notification, South Africa indicated, among other things, as follows:
    “Interested parties must make themselves known within a period of 20 days after the initiation of the investigation.
    Any information that the interested parties may wish to submit in writing and any request for a hearing before the Commission that they may wish to put forward should be submitted within 20 days following the initiation of this investigation to the Directorate: Trade Remedies I at the following address: The DTI Campus, 77 Meintjies Street, Sunnyside Pretoria, Block Uuzaji, Ground Floor, tel: +27 12 394 3600, fax +27 12 394 0518.”
    The notification is available in G/SG/N/6/ZAF/11.

    What is a safeguard investigation?
    A safeguard investigation seeks to determine whether increased imports of a product are causing, or is threatening to cause, serious injury to a domestic industry.
    During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties.
    A WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) only if the increased imports of the product are found to be causing, or threatening to cause, serious injury.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Services trade growth hits new highs in third quarter of 2024

    Source: World Trade Organization

    The third quarter of 2024 saw services exports rise by 16 per cent in Asia, followed by 8 per cent in Europe, while North America, South and Central America and the Caribbean expanded by 7 per cent. Marked growth was also recorded on imports across regions, reflecting high demand for diverse services.

    Services are the bright spot of trade, with growth of 9 per cent year-on-year in the first three quarters of 2024 (Chart 1). This is in sharp contrast with goods trade, which was up by only 2 per cent over the same period.

    In the third quarter of 2024, transport saw a 14 per cent rise (Chart 1) as shipping rates climbed amid persistent disruptions on major trade routes. Global freight prices were nearly four times higher than in Q3 2023, at about US$ 4,500, according to data from Freightos.

    Asia’s transport services exports increased by 32 per cent, with peaks of 47 per cent in China and 40 per cent in Singapore. Available monthly statistics of leading Asian transport traders point to sustained growth through the end of the year. For example, in the last quarter of 2024, China’s transport exports soared by 50 per cent, reflecting a surge in shipments.

    International travellers’ expenditure in foreign economies increased by 10 per cent in Q3 2024, and in the first three quarters of 2024, global travel receipts were 15 per cent higher than pre-pandemic levels. Growth is stabilizing after the post-pandemic surge, and visa-free schemes adopted throughout 2024 by many economies have benefited international tourism worldwide. By the end of 2024, international tourist arrivals had almost reached their 2019 levels, suggesting complete recovery for the sector, according to UN Tourism.

    Travel in 2024 was also boosted by the UEFA European Football Championship in Germany and the Olympics in France, and Europe’s travel exports grew by 7 per cent from an already high base in 2023. Many African economies recorded double-digit growth, including Namibia (+32 per cent), Morocco (+19 per cent) and Tanzania (+18 per cent).

    Other commercial services, a heterogeneous group of services accounting for some 60 per cent of total services trade, expanded on average by 8 per cent in Q3. In the European Union and the United Kingdom, exports in this category increased by 9 per cent, and in the United States by 7 per cent. Double-digit growth was widespread in many economies in different regions. For example, South and Central America and the Caribbean economies saw very high growth rates, including Chile (+32 per cent), Argentina (+26 per cent) and Peru (+17 per cent).

    Digitally deliverable services such as computer, financial, business and insurance services were the main drivers of growth. Computer services continued their impressive rise in January-September 2024, with cumulative exports surging globally by 13 per cent (Chart 2). Rapid growth in computer services exports was recorded both in developed and developing economies, including a sharp increase of 77 per cent in Indonesia and strong growth of 37 per cent in Mauritius and 18 per cent in the United States (Chart 3). According to WTO estimates, the European Union’s exports of computer services grew by 15 per cent year-on-year in the first nine months of 2024, or by 10 per cent if excluding the largest EU exporter, Ireland.

    Companies are increasingly outsourcing information technology (IT) services and software development. The rapid expansion of e-commerce and digital platforms, including in developing economies, has accelerated this process. The growing adoption of AI, such as to develop chatbots, machine learning and predictive analytics, as well as for cybersecurity needs, has further accelerated the global demand for computer services. This trend is expected to persist as businesses adapt to new technologies and consumer preferences for digital solutions.

    Quarterly statistics are estimates as of the time of publication, and subject to frequent revisions. They are available for download at WTO Stats, along with monthly and annual statistics. Annual services trade data and related visualizations can also be accessed at the Global Services Trade Data Hub and at WTO World Trade Statistics 2023.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Austria gives EUR 200,000 to help developing economies engage more fully in international trade

    Source: World Trade Organization

    Academic institutions in the WTO Chairs Programme receive financial and technical support from the WTO for trade-related research, curriculum development and outreach activities. The objective is to boost the capacity of these institutions to advise WTO member governments and key stakeholders on trade policy issues.

    Director-General Ngozi Okonjo-Iweala said: “I thank Austria for renewing its valuable contribution to the WTO Chairs Programme, an important tool for promoting academic research and supporting the participation of developing economies and LDCs in trade. Through this global platform, trade policy-making can be better leveraged to raise living standards, create jobs and advance sustainable development.”

    Austria’s Minister for Labour and Economy, Martin Kocher, said: “Austria’s new contribution to the Global Trust Fund — and in particular to the Chairs Programme — highlights our commitment to further strengthen the understanding of global and regional trade issues in developing economies and LDCs. Keeping markets open, supporting trade policy measures on all levels and promoting a level playing field in multilateral trade is of utmost importance to our open and export-oriented economy, especially during these challenging times. The WTO’s Global Trust Fund and the Chairs Programme have an important role to play within this framework. By working together and aligning our combined strengths, we can strongly contribute to boosting economic growth and creating jobs in these countries for the benefit of us all.”

    Overall, Austria has contributed CHF 6 million to the various WTO Trust Funds over more than 20 years.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Advances Circularity With a New Cobalt Recycling Process for Galaxy S25

    Source: Samsung

    Samsung Electronics is building on its commitment to do more with less of the planet’s natural resources by continuing to scale the use of recycled materials in Galaxy devices, including cobalt, an essential material for batteries. Last year, the Galaxy S24 series was the first device to incorporate recycled cobalt. Now, Samsung is taking it one step further by sourcing cobalt from the batteries of previously used Galaxy devices and batteries discarded during the manufacturing process. To achieve this, Samsung established a new Circular Battery Supply Chain with like-minded partners, featuring a multi-phase process to recover cobalt from previously used Galaxy batteries, giving them a second life to power the new Galaxy S25[1] .
     
    The process starts by collecting previously used Galaxy smartphones, such as those from trade-in programs. The batteries are carefully dismantled, discharged and shredded to safely recover cobalt. Then, the shredded fragments are processed into “black mass,” a powder mixture containing cobalt and other metals. The black mass undergoes further processing to extract cobalt, which is then used to produce cathode material—an essential component of smartphone batteries. The remaining cobalt goes through the final stage of the battery manufacturing process, becoming an integral part of the new Galaxy S25 batteries, with each Galaxy S25 battery featuring 50% recycled cobalt [2].
     
    Samsung will continue to expand the use of our new recycled cobalt batteries into our ecosystem to accelerate circularity.
     
    Check out the video below to learn more about Samsung’s innovative Circular Battery Supply Chain.
     
    

    [1] Inclusion may differ by markets.
    [2] A minimum of 25% of the Galaxy S25 battery is cobalt by weight, 50% of which is recycled cobalt.

    MIL OSI Economics

  • MIL-OSI Economics: Students Graduate from Samsung Innovation Campus in Partnership with National University of Lesotho

    Source: Samsung

    A group of twenty-three (23) bright-eyed and talented students have graduated from the Samsung Innovation Campus (SIC), a partnership between Samsung Electronics and the National University of Lesotho (NUL).
     
    The award ceremony, held at NUL’s campus, marked the successful completion of an intensive training programme that seeks to equip young minds with cutting-edge skills in the Fourth Industrial Revolution (4IR). SIC is part of Samsung’s global initiative that aims to provide young people with the skills needed for the digital economy, focusing on areas like coding and programming (C&P) as well as artificial intelligence (AI). This NUL-SIC programme seeks to play a vital role in the development of critical skills needed by Lesotho’s economy with the ultimate aim of boosting youth employment.
     
    “Today marks the culmination of months of hard work, dedication and learning. The skills and knowledge we have gained through this programme have opened new career pathways for us and I am excited about the opportunities ahead,” said Reabetsoe Mapeshoane, a graduate of the programme. “I am grateful to Samsung and NUL for this incredible opportunity, which has truly transformed our academic and professional futures.”
     

     
    This partnership with NUL which aims to help Lesotho create more opportunities for growth, has managed to empower students to not only enhance their technical expertise, but also prepare for a future of innovation and leadership in the country’s technology industry.
     
    Prof. Issac Olusola Fajana, Vice Chancellor of the National University of Lesotho, emphasized the importance of such partnerships in shaping the future of Basotho youth. “The collaboration between Samsung and NUL is a milestone for our university and for Lesotho. By offering our students access to global industry innovators and technology-focused education, we are empowering them to become catalysts of change in the tech world. This partnership is a step towards ensuring that our graduates are prepared for a rapidly evolving digital economy.”
     
    The certificate award ceremony celebrated the graduates’ achievements with a special recognition of their hard work. And, as part of the programme – these students completed theory, practicals and capstone projects, equipping them with the tools necessary to thrive in today’s tech-driven world.
     
    “At Samsung, we believe in the power of education to change lives,” said Lefa Makgato, Corporate Social Responsibility Manager for Samsung Electronics in Southern Africa. “Our mission with the Samsung Innovation Campus is not just to teach technical skills, but to nurture the next generation of innovators. These graduates have shown remarkable passion and dedication – we are excited to see them apply their newfound knowledge in real-world settings. We are proud to have partnered with NUL to make this vision a reality.”
     

     
    The global electronics giant remains committed to empowering youth through education and innovation, with plans for further collaborations and initiatives aimed at fostering talent in Africa.

    MIL OSI Economics

  • MIL-OSI Economics: Parkinson’s disease market across 7MM to grow at 8.9% CAGR during 2023-33, forecasts GlobalData

    Source: GlobalData

    Parkinson’s disease market across 7MM to grow at 8.9% CAGR during 2023-33, forecasts GlobalData

    Posted in Pharma

    The Parkinson’s disease (PD) market across the seven major markets (7MM*) is projected to grow at a compound annual growth rate (CAGR) of 8.9% from $3.4 billion in 2023 to $7.9 billion in 2033, driven by the introduction of 10 pipeline products, the increased adoption of novel levodopa delivery methods, and the rising prevalence of PD due to the aging population across the 7MM, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Parkinson’s Disease: Seven-Market Drug Forecast and Market Analysis,”  anticipates an increase in sales across most currently marketed PD drug classes. Specifically, levodopa therapies, catechol-o-methyltransferase (COMT) inhibitors, dopamine agonists, monoamine oxidase B (MOA-B) inhibitors, other antiparkinsonian agents, and PD dementia agents.

    Among the pre-existing drug-classes, the agents targeting PD dementia are expected to see the greatest growth with a CAGR of 24.5% during the forecast period. Additionally, the launch of 10 late-stage pipeline therapies—including two disease-modifying therapies (DMT) and several symptomatic treatments targeting diverse PD needs—will collectively drive an estimated $3.5 billion in sales by 2033.

    Lorraine Palmer, Pharma Analyst at GlobalData, comments: “The treatment of PD dementia is consistently rated one of the highest unmet needs by key opinion leaders (KOLs) and high-prescribers. Currently, there is only one agent, rivastigmine, indicated for the treatment of PD dementia within the 7MM. However, it is anticipated that two agents—Anavex’s blarcamesine and Irlab Therapeutics’s pirepemat—targeting PD dementia will launch by 2033.”

    The expansion of the levodopa delivery system AbbVie’s Produodopa/Vyalev across the 7MM (following its launch in Japan in 2023, expansion into the 5EU in 2024, and anticipated launch in the US in 2025) is expected to drive it into the highest-grossing PD treatment by 2033, with projected sales of $1.2 billion by 2033. This also reflects strong enthusiasm from KOLs regarding its broader availability.

    Palmer adds: “The anticipated launch of Roche/Prothena’s prasinezumab and Annovis Bio’s buntanetap as the first DMTs for PD will reshape the treatment space. These treatments aim to address the underlying biology of the disease by targeting α-synuclein aggregation, a key factor in disease progression. While KOL opinions are divided on their efficacy, the introduction of these DMTs will be an important step towards addressing the field’s most pressing unmet need. Therefore, it is expected that these two therapies alone will make up a large portion of the market come 2033. GlobalData forecasts sales of $1.5 billion by 2033.”

    GlobalData’s analysis also highlights the growing prevalence of PD, with diagnosed cases expected to increase from 2.6 million in 2023 to 3.1 million by 2033 across the 7MM. The number of treated cases is forecasted to rise in parallel, from 1.9 million in 2023 to 2.3 million in 2033, reflecting the aging population within the 7MM.

    However, the patent expiry of key therapies including Nuplazid (pimavanserin), Rytary (carbidopa/levodopa), Ongentys (opicapone), and Xadago (safinamide mesylate) is expected to curtail the market growth. Collectively, the therapies anticipated to lose their patent protection within the forecast period accounted for $1.1 billion in 2023 sales across the 7MM but are forecasted to decline to $202.8 million by 2033.

    Palmer concludes: “The PD market is extremely dynamic. However, the next decade is promising transformative growth. With the expansion and launch of groundbreaking therapies, particularly DMTs and novel mechanisms of action to address PD dementia and motor complications. The late-stage pipeline is well positioned to meet the needs of a growing patient population.”

    *7MM = The US, France, Germany, Italy, Spain, the UK, and Japan.

    MIL OSI Economics

  • MIL-OSI Economics: Apple Music kicks off Kendrick Lamar’s Road to Halftime ahead of Super Bowl LIX

    Source: Apple

    Headline: Apple Music kicks off Kendrick Lamar’s Road to Halftime ahead of Super Bowl LIX

    February 3, 2025

    PRESS RELEASE

    Apple Music kicks off Kendrick Lamar’s Road to Halftime ahead of Super Bowl LIX

    Tune in to the Apple Music Super Bowl LIX Halftime Show press conference for The Official Kendrick Lamar Interview on February 6 at 10 a.m. CT on Apple Music

    CUPERTINO, CALIFORNIA Apple today announced Apple Music is celebrating Kendrick Lamar’s Road to Halftime with a spotlight on the era-defining artist who has made a seismic impact on hip-hop and culture.

    Coming off of a remarkable year, Kendrick was among the top 10 artists of 2024 globally, with his latest album, GNX, soaring to No. 1 in 129 countries upon release, while “Not Like Us” was the top-streamed song on Apple Music worldwide. Throughout his career, Kendrick has seen nine albums top Apple Music’s top albums chart in more than 160 countries.

    “Throughout his career, Kendrick Lamar hasn’t met the cultural moment so much as he’s defined it,” said Rachel Newman, Apple Music’s global head of content and editorial. “He is an artist’s artist — authentic to his core. We couldn’t be more thrilled to watch him headline the third Apple Music Super Bowl Halftime Show this year, in what’s sure to be another moment we’ll all be talking about for decades.”

    Fans can get ready for the big event with a wide selection of music and exclusive content, from the first-look trailer Kendrick shared last month; to exclusive playlists curated by New Orleans musicians, NFL players, and teams; to over 100 hours of dedicated Apple Music Radio programming. It all leads up to the highly anticipated Apple Music Super Bowl LIX Halftime Show on Sunday, February 9, at the Caesars Superdome in New Orleans.

    To access it all, check out Kendrick’s Road to Halftime on Apple Music.

    The Halftime Show Press Conference

    On Thursday, February 6, at 10 a.m. CT, Apple Music Radio hosts Ebro Darden and Nadeska Alexis will sit down with Kendrick at the Apple Music Super Bowl LIX Halftime Show press conference for the headliner’s official interview. Viewers can tune in live or watch on demand on Apple Music at apple.co/applemusichalftime or Apple Podcasts; on YouTube, Facebook, and X; or on the NFL Network.

    Before the interview, fans can also tune in to the Apple Music Radio pre-show at 9:30 a.m. CT featuring Apple Music Radio hosts Zane Lowe and Eddie Francis, alongside Ebro and Nadeska. The live show will highlight Apple Music’s biggest moments of the past year and feature special guests during a look back at iconic halftime performances.

    100 Hours of Programming on Apple Music Radio

    The award-winning Apple Music Radio will be on the ground and in the stands for a full four-day takeover starting February 6 across New Orleans and Los Angeles. Exclusive programming will include daily “Live from Super Bowl LIX NOLA” broadcasts with Zane, Ebro, Nadeska, and Eddie as they shine a light on the city’s music culture while connecting with artists, athletes, and other notable voices. “Super Bowl LIX LA” broadcasts with Apple Music Radio hosts Hanuman, Brooke Reese, Estelle, Jayde Donovan, and newly added Evelyn Sicairos and Lechero will reflect on the New Orleans fanfare, as well as celebrate Kendrick’s music and hometown back in L.A.

    “Kendrick Lamar: Hip-Hop’s MVP” hosted by Ebro will celebrate Kendrick’s catalog and take listeners on a chronological journey through the milestones in Kendrick’s career and discography.

    And on Saturday before the game, Apple Music will bring the New Orleans club scene to listeners with mixes from NOLA DJs Legatron Prime, DJ Poppa, Mannie Fresh, and KLC the Drum Major. Mustard will spin a special Kendrick Lamar Megamix.

    Listeners can tune in at apple.co/_Radio.

    The Story of Kendrick Lamar in 20 Songs

    Available on Apple Music and Apple News, “The Story of Kendrick Lamar in 20 Songs” offers a captivating glimpse into Kendrick’s remarkable ability to continually redefine the tropes and forms of classic hip-hop.

    Bonus Content from Shazam

    Fans who use the Shazam app to identify Kendrick Lamar songs throughout the week leading up to the performance can access the Apple Music Super Bowl Halftime Show event page, where they’ll find bonus content like a custom Apple Watch face and iPhone wallpaper. They can also save the concert to receive timely reminders for the Set List playlist and photos from the show.

    Apple Music’s Biggest Offer Ever

    Those who are not yet subscribed can check out Apple Music’s biggest offer ever. For a limited time, new and eligible subscribers can get six months of Apple Music for $2.99.

    More to Explore Across Apple Services

    Across Apple services, fans can explore with Apple Maps Guides to New Orleans, catch up on the latest with Apple News, and get moving with a new Artist Spotlight series on Apple Fitness+.

    New Ways to Navigate New Orleans with Apple Maps
    Last week, Apple Maps unveiled new ways visitors and locals alike can explore New Orleans, including a Detailed City Experience and 3D landmarks that bring to life some of the city’s most iconic locations — including Cafe Du Monde, the Steamboat NATCHEZ, and Caesars Superdome — in a visually stunning view. The Detailed City Experience delivers amazing details to help users navigate the city, including road markings, land cover, and public transit routes.

    Apple Maps has also added a new Guide to its Hyperlocal series, this time curated by Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. Lisa shares some of her favorite spots for food, music, and more in her hometown of New Orleans.

    All the Latest Updates on Apple News
    Starting today, Apple News will offer a dedicated hub that delivers special coverage of Super Bowl LIX. From media day to kickoff, fans will find the latest news on the game from local and national sports publishers like The Athletic, Sports Illustrated, The Kansas City Star, and The Philadelphia Inquirer.

    NFL fans can also sign up for personalized news notifications to all of the week’s top football stories curated by the Apple News editors, and during the Super Bowl, the Apple News app will feature the latest highlights, as well as the buzziest commercials and halftime show.

    With the free Apple Sports app for iPhone,1 fans can follow the big game in real time right on their Lock Screen with Live Activities,2 and go deeper in-app with full play-by-play information, team stats, box scores, and live betting odds.

    A Special Fitness+ Artist Spotlight
    The Artist Spotlight series on Fitness+ dedicates entire workout playlists to a single artist, and the latest installment — available starting today — celebrates the music of Kendrick Lamar. This special series features Cycling, HIIT, Strength, Yoga, Pilates, and Kickboxing workouts, all set exclusively to his music.

    Supporting Education and Creativity in New Orleans

    Apple has long-standing community partnerships in New Orleans, with a focus on supporting education and creativity in the community. This includes working with the Ellis Marsalis Center for Music (EMCM) to expand access to youth music and technology education, helping Arts New Orleans provide opportunities for aspiring artists through their Young Artist Movement (YAM) program, and equipping students at Delgado Community College with the tools and resources to produce their own podcast about local culture and history. On Saturday, February 8, audiences around the world can tune in to the Super Bowl Host Committee Parade to see the Apple Music-sponsored float, designed on iPad by YAM artists and featuring the EMCM youth jazz ensemble.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Available in the U.S., the U.K., and Canada.
    2. Live Activities require iOS 18 and watchOS 11 or later.

    Press Contacts

    Cat Franich

    Apple

    cfranich@apple.com

    Kimberly Mai

    Apple

    k_mai@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI Economics: New Orleans students showcase their creativity with iPad and Mac

    Source: Apple

    Headline: New Orleans students showcase their creativity with iPad and Mac

    February 3, 2025

    UPDATE

    New Orleans students showcase their creativity with iPad and Mac

    With all eyes on New Orleans, Apple community partners Ellis Marsalis Center for Music and Arts New Orleans put the city’s aspiring young artists in the spotlight

    On a drizzly, overcast afternoon, all is quiet at the intersection of Bartholomew and Prieur streets in New Orleans’ historic Ninth Ward. The quiet neighborhood around the Ellis Marsalis Center for Music (EMCM) feel worlds away from the historic French Quarter packed with jazz clubs, bars, restaurants, and markets.

    At 3 p.m., the tempo begins to shift — slowly at first, as youth ranging in age from 8 to 18 file through the blue building’s front gate, instruments in tow. The hallways grow steadily louder with the sounds of laughter, footsteps, stray musical notes, and teachers greeting their students. The fledgling musicians begin cycling through their four classes for the day: piano, homework help, an instrument of their choosing, and coding — a required course that stems from the center’s ongoing partnership with Apple.

    Launched in 2019, the collaboration with Apple has allowed EMCM to expand its curriculum, adding a suite of tech-focused courses that complement the world-class music education the center provides to students.

    “I know some people wonder, ‘Why is a music institution teaching coding?’ For us, it’s all connected — it’s part of a digital tapestry,” says Lisa Dabney, the center’s executive director. “It’s about closing the digital divide by giving students access to technology and introducing them to different types of diverse, long-term career opportunities, including pathways in music technology and beyond. In a community where many homes lack access to iPads and computers, this partnership with Apple helps us put the power of technology directly in our students’ hands, opening doors to creative and professional futures they might have never imagined.”

    Apple’s support for EMCM is part of the company’s broader long-standing commitment to uplift and amplify youth creativity in New Orleans through technology. As budding musicians at EMCM learn to code and mix new tracks with Logic Pro and GarageBand, students at Delgado Community College are producing their own podcast about local cultural icons, and young artists at Arts New Orleans have used iPad to design a new mural fans will see on their way to the Superdome this weekend.

    “We love to see technology and creativity supporting one another, and it’s such a joy to see that in action here in my hometown of New Orleans,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “Creativity, art, and music are in our DNA. Our teams are really excited to keep working with our amazing community partners and the talented young people who light up this city.”

    EMCM’s holistic and ever-evolving programming stems directly from its namesake, who wanted to ensure that the next generation had the chance to carry on the city’s vibrant cultural legacy. This work felt especially important in the Ninth Ward — a neighborhood renowned for being home to many iconic musicians, civil rights activists, and educators — that had been disproportionately impacted by Hurricane Katrina in 2005.

    “At the heart of the center’s curriculum is our founder’s belief that truly understanding music begins with learning to hear it,” explains Dabney. “Piano plays a key role in this process by helping students develop critical listening skills, connect deeply with music, and build a strong foundation in music theory. For this reason, piano has been a required class for all students, in addition to their primary instrument.”

    That same foundational approach to learning now extends to coding and audio engineering courses. In the center’s Mac lab, students use the latest hardware and software to learn coding basics with Apple’s Everyone Can Code and Swift Playgrounds frameworks. And in the on-site music studio, they learn how to engineer their own tracks with apps like GarageBand and Logic Pro. Students also get access to their own iPad every semester, allowing them to take what they’ve learned in their classes and build on those skills at home.

    The audio engineering courses — made possible through Apple’s support — are among the center’s newer offerings for high school-aged students.

    “Here in New Orleans, we have hotels, we have clubs, we have conventions, and we have probably more festivals than anybody in the world. And all of them need audio,” explains Dr. Daryl Dickerson, the center’s longtime director of music education. “This is a job you can learn now, and for the rest of your life, you can do it. If you learn how to capture and edit audio at a young age, you can evolve that into a career.”

    For Jacob Jones Jr., a high school senior who plays the saxophone, trumpet, and piano, Dr. Dickerson’s Saturday afternoon audio engineering class has created a whole new framework for thinking about music.

    “You can make a sound on an instrument, and that’s great,” says Jones. “But then when you play that sound back through the computer, you can expound on it, and play around and make something totally brand-new that no one has ever heard before.”

    Outside of his classes, Jones often finds himself using the skills he’s learned in Logic and GarageBand on his iPhone whenever — and wherever — inspiration strikes. “GarageBand is really essential to me, because I’ll hear something and be like, ‘Wow, I just got to get it out.’ I’ll go on my iPhone, open GarageBand, be able to play out that melody, record it, and even make a whole song out of it,” he explains.

    This same spirit of creative experimentation is fostered in the school’s coding courses, where students like Donte Allen, 14, are encouraged to merge their passion for music and the arts with the foundational technological skills they’re acquiring in class.

    Allen has had a passion for music since he was in diapers. “My dad has a picture of me from when I was 6 months old with the trumpet in my carseat,” he notes with a smile.

    But learning how to code has opened up new creative interests.

    “Swift teaches you the fundamentals, and you can go on from there,” he explains of his newfound affinity for coding. “You can build your own apps, make your own games, and make your own stories… Music and Swift both help with my creativity.”

    This type of exposure — across a wide range of creative and technological mediums, often with surprising points of intersection in between — is what it’s all about for the center’s faculty.

    “These students want this type of education,” says Dr. Dickerson, whose next endeavor will be bringing podcasting classes into the center. “But if it’s not presented to them, they never get it. And it’s the same thing with music and everything else we do around here. So we’re always trying to present them with something new.”

    Beyond the football fervor already enveloping the Superdome, students from Arts New Orleans are putting the finishing touches on a project of their own. Their garden-themed mural, which will cover an exterior wall of the Orleans Justice Center along Interstate 10, highlights stories of previously incarcerated locals while also imparting a message of hope to the community.

    The 6,600-square-foot piece was designed by participants in the Young Artist Movement (YAM), Arts New Orleans’ arts education and workforce development program, which works primarily with students ages 14 to 22. Through YAM, founded in 2016, local youth learn the mural-making process from guest artists and are then given the opportunity to create their own across the city. The participants will also complete the installation of the mural.

    The design process for this particular mural began in the Procreate app on iPad. Using Apple Pencil, the 19 students designed the digital images that appear on the mural’s panels. Lead artists Journey Allen, Gabrielle Tolliver, and Jade Meyers then organized the final designs, and sent them to a mural cloth company to have them ghost-printed on large swaths of mural cloth. From there, the pieces are painted and will then be installed along the wall using a specific gel medium.

    Allen, a visual artist and arts educator who serves as Arts New Orleans’ director of youth education, has enjoyed watching the students blossom. “I love to see the ones who are intimidated at first by the materials,” she shares. “But then when you connect with them and they begin to open up, the artwork becomes a source of transparency, a source of trust, where they share with you a little bit of who they are. Some of them never even really drew or painted before, and here they are creating this huge mural. They ask, ‘When are we going to do the next one?’”

    For some of the young artists, the project holds an added layer of meaning — they came to YAM through its arts diversion program, an alternative to prosecution and incarceration for youth facing low-level, nonviolent offenses. Founded in 2021, it draws on the healing and restorative qualities of artistic expression, with the goal of students having their charges dismissed upon completion.

    Arts New Orleans is also piloting a standalone arts diversion program this spring to help meet participants’ unique needs. “There are many things that they need to engage in, conversations that need to be had, that we can’t have amongst the main YAM group, which are kids who have not been impacted in the same way by the criminal justice system,” Allen explains. “Giving them their own program gives them a true opportunity to expand and move beyond whatever it is they are facing.”

    The idea for YAM and its arts diversion program was sparked by now-retired Judge Arthur Hunter and Xavier University professor Ron Bechet, who is also an artist. Through his career as a police officer, a lawyer, and finally as a judge in his native New Orleans, Hunter had a firsthand look at the factors that lead to young people getting swept into the city’s criminal justice system and saw the potential for art to provide an alternate path.

    “It’s not just the art — it’s an economic opportunity as well, where they should be able to make a living using their talent,” explains Hunter, a board member at Arts New Orleans. “That’s just as much a part of it as seeing that beautiful picture on a canvas.”

    For Hunter, the timing of the mural’s unveiling couldn’t feel more fitting. “This project will be not just a culmination, but also I see it as the beginning of more art throughout the city, letting people know in the city, in the region, in the state, around the country, and around the world what kids can do in the city of New Orleans when it comes to art,” he says.

    Press Contacts

    Rachel Wolf Tulley

    Apple

    rachel_tulley@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN meets with former Minister of Communications and Information Technology of the Republic of Indonesia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with H.E. Rudiantara, former Minister of Communications and Information Technology of the Republic of Indonesia and current Chairman of Amartha, at the ASEAN Headquarters/ ASEAN Secretariat. The meeting exchanged views on the opportunities and challenges of ASEAN economic integration amidst the evolving global economic landscape and discussed preparations for the Asia Grassroots Forum 2025, to be hosted by Amartha, scheduled for 21-23 May 2025, in Bali, Indonesia.

    The post Secretary-General of ASEAN meets with former Minister of Communications and Information Technology of the Republic of Indonesia appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Guest blog: The role of litigation funding in advancing international arbitration in MENA  

    Source: International Chamber of Commerce

    Headline: Guest blog: The role of litigation funding in advancing international arbitration in MENA  

    In this guest blog, sponsor of the 13th ICC MENA Conference, WinJustice, explains how litigation funding, an innovative financial solution, is now bridging this gap, transforming arbitration into a more accessible and equitable process for all parties. 

    As a leading  funding firm in the UAE, WinJustice is at the forefront of this transformation, advocating for broader adoption of litigation funding to strengthen the region’s arbitration ecosystem. 

    The benefits of litigation funding in arbitration 

    Litigation funding has become a game-changer in international arbitration. By covering the legal and procedural costs of arbitration, it provides claimants with the financial support needed to pursue meritorious claims. This is especially vital in the MENA region, where many businesses face significant financial constraints when initiating or defending claims in arbitration. 

    Key benefits of litigation funding include: 

    1. Reducing financial barriers: Claimants no longer need to rely solely on their financial resources to engage in arbitration, enabling fairer access to justice. 
    1. Promoting high-quality representation: Litigation funding ensures that claimants can access top-tier legal counsel and expert witnesses, significantly enhancing the quality of arbitration proceedings. 
    1. Risk mitigation: Funders typically work on a no-win, no-fee basis, assuming the financial risk of unsuccessful claims, thereby offering claimants peace of mind. 

    Case studies: Global lessons for the MENA region 

    In jurisdictions where litigation funding is well-established, such as the UK and Australia, the positive impact on arbitration proceedings is evident. For instance, a funded claimant in a high-profile cross-border dispute in London successfully recovered damages after overcoming significant financial hurdles. 

    Drawing on such global experiences, WinJustice believes that the adoption of litigation funding in the MENA region will similarly empower businesses to seek justice. By levelling the playing field, litigation funding fosters a more inclusive and robust arbitration environment. 

    Impact on the MENA region 

    The MENA region is witnessing rapid economic growth and diversification, leading to an inevitable increase in commercial disputes. As arbitration becomes the preferred method for resolving these disputes, litigation funding serves as a catalyst for the region’s legal and economic development. 

    1. Enhancing trust in arbitration: By providing financial solutions, litigation funding strengthens trust in arbitration as a fair and efficient dispute resolution mechanism. 
    1. Attracting international investors: A robust arbitration framework supported by litigation funding reassures investors about the region’s commitment to the rule of law and dispute resolution. 
    1. Accelerating economic growth: With greater access to arbitration, businesses can resolve disputes more effectively, contributing to overall economic stability. 

    WinJustice’s commitment to driving these outcomes highlights the transformative role of litigation funding in the MENA arbitration landscape. 

    Conclusion 

    Litigation funding is revolutionising international arbitration by ensuring that financial constraints no longer hinder access to justice. As a pioneer in this field, WinJustice is proud to lead the conversation at the 13th ICC MENA Conference, showcasing how litigation funding can accelerate arbitration proceedings and foster a fairer dispute resolution process in the region. 

    The future of arbitration in the MENA region lies in innovative solutions like litigation funding, which not only empower claimants but also strengthen the overall arbitration ecosystem. 

    *Disclaimer: The content of this article may not reflect the official views of the International Chamber of Commerce. The opinions expressed are solely those of the authors and other contributors. 

    MIL OSI Economics

  • MIL-OSI Economics: BaFin warns consumers about the series of platforms with the slogan “Trading made simple.”

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    BaFin warns customers about online trading platforms that use the slogan “Trading made simple. No complications, full effectivity.” According to information available to BaFin, cryptoasset and other financial services are being provided on these websites without the required authorisation. These websites all have the same text design and layout.

    BaFin specifically warns consumers about the following websites that are part of the series, use the same slogan and are largely identical. These websites provide no information about the location of any registered office.

    • Radiantix.io (and radiantixx.io)
    • Yuminex.io
    • Ecofix.io

    Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomaerkteaufsichtsgesetz).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI Economics: Trump presidency quickly impacting several areas of healthcare, says GlobalData

    Source: GlobalData

    Trump presidency quickly impacting several areas of healthcare, says GlobalData

    Posted in Medical Devices

    US President Donald Trump has recently enacted several significant changes to the country’s healthcare policy, focusing on withdrawing from the World Health Organization (WHO), implementing anti-abortion measures, and initiating a freeze on federal grant funding. These actions have far-reaching implications for various aspects of the healthcare system, including Medicaid, according to GlobalData, a leading data and analytics company.

    On January 20, 2025, Trump signed an executive order, directing the US to withdraw from the WHO. This decision marks the second attempt by the US to exit the WHO, following a similar move in 2020 that was later reversed by the subsequent administration.

    The executive order criticizes the WHO’s handling of the COVID-19 pandemic and alleges political interference by member states. It mandates the cessation of US funding and support to the WHO, the recall of US government personnel working with the organization, and a review of alternative partners for global health initiatives. The withdrawal has prompted concerns from global health experts about potential disruptions in international health collaboration and the management of global health crises.

    Alexandra Murdoch, Senior Medical Analyst at GlobalData, comments: “The US exit from the WHO is perplexing, and will not only leave a gap in WHO funding and health leadership, but will impact Americans health and safety too. The WHO funds a number of programs to treat and prevent many diseases in many countries, including the US.”

    Exiting the WHO is not the only change to healthcare President Trump has made since his inauguration. On January 24, he issued an executive order titled “Enforcing the Hyde Amendment,” which reinforces the prohibition of federal funding for elective abortions. This order revokes previous directives from the Biden administration that had expanded access to reproductive healthcare services, including abortion.

    By reinstating the Hyde Amendment’s restrictions, the order directs federal agencies to ensure compliance, effectively reducing federal support for abortion services. This move has significant implications for Medicaid, as it limits the use of federal funds for abortion services, potentially affecting low-income individuals who rely on Medicaid for healthcare coverage.

    As a result of policies like this, many states could see an increased demand for contraceptive devices to reduce the likelihood of unwanted pregnancies. According to GlobalData, the volume of reversible contraceptive devices is expected to increase at a 2.53% CAGR in the US from 2023-33. Reversible contraceptive devices in this case refer to diaphragms, hormonal implants, and intrauterine devices (IUDs).

    Murdoch continues: “Similarly, the Office of Management and Budget (OMB) issued a memorandum ordering a freeze on federal grants and financial assistance programs. This freeze has created uncertainty among organizations that depend on federal funding, including those providing healthcare services through Medicaid.”

    A federal judge in the District of Columbia has temporarily blocked the order to freeze funding, but the order had already disrupted Medicaid for many. Medicaid reimbursement portals were down across the country, and if the freeze is reinstated, it could lead to reduced resources for programs that support low-income populations, potentially compromising the quality and availability of care provided through Medicaid.

    Murdoch concludes: “President Trump’s recent actions represent a significant shift in US healthcare policy, emphasizing a departure from international health collaboration, reinforcing anti-abortion measures, and reevaluating funding priorities. These changes are likely to have substantial effects on healthcare in the US.”

    MIL OSI Economics

  • MIL-OSI Economics: NBA teams to generate $285.8 million from jersey patch deals for 2024-25 season, reveals GlobalData

    Source: GlobalData

    NBA teams to generate $285.8 million from jersey patch deals for 2024-25 season, reveals GlobalData

    Posted in Sport

    At the start of the 2024-25 National Basketball Association (NBA) season, all but three of the 30 competing teams boast an official patch partner. The league has permitted patch partners on jerseys since the start of the 2017-18 season, and the teams are financially benefitting from the additional sales opportunity. Overall, patch partnership deals are estimated to generate $285.8 million across the league, with teams averaging $10.6 million a season from these rights, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “The Business of the NBA 2024-25,” reveals that, based on the biggest individual market in the US, the New York Knicks are linked to the largest valued patch deal this season. Its partnership with ‘Experience Abu Dhabi’ is new for the 2024-25 season and valued at $30 million a season. For the brand, it is a deal based around tourism, as it looks to boost the global visibility of Abu Dhabi as a popular destination and comes off the back of several sports sponsorship rights claimed by Emirati brands in recent years.

    Jake Kemp, Sport Analyst at GlobalData, comments: “The arrival of ‘Experience Abu Dhabi’ in the league highlights a global push of the Middle Eastern brands in global sports markets. The size of its deal with the Knicks holds a higher value too because of its extended branding on the team warm-up shirts and the ability to use trademarks against the Knicks and its home venue – Madison Square Garden.

    “Brands from the region have been signing big deals in European sport for a number of years now, and North America could be a major target for Middle Eastern brands in the coming years. It highlights the popularity of the NBA, as a global product, with brand sponsorship interest moving away from the standard home-based brand deals.”

    The Charlotte Hornets, Los Angeles Clippers, and San Antonio Spurs are the only NBA teams this season without a patch partner. It marks a second straight season for the Clippers, which represents significant missed financial revenue, particularly given its strong city (LA) marketplace value.

    The Clippers most recently ended its patch partnership with ‘Honey’ at the end of the 2022-23 season, which was worth $8 million. Its lack of replacement since, however, suggests that they are overvaluing their patch rights. The Hornets and the Spurs have yet to replace their expired patch partnership from the 2023-24 season, with ‘Feastables’ and ‘Self’ respectively, worth $5 million and $10 million a season.

    Kemp continues: “Patch partnerships offer great exposure for brands, with prime branding on popular sports jerseys. With NBA teams playing 82 games a season, these brands are receiving strong exposure regularly and for a long period of time each season. NBA athletes are also seen as some of the biggest names in world sport and most followed on social media. Brands are able to build an association with these sports superstars through team jersey branding.”

    Patch partnerships were only introduced in the NBA in 2017, and every team has in this time signed a patch partner. Their popularity continues, as teams remain committed to not missing out on the multi-millions on offer. Across the league, there were 11 new patch partnerships signed ahead of the 2024-25 season.

    Kemp concludes: “The new patch deals in the league hold a combined estimated $122 million annual value. This is significantly boosted by the deals from the two New York based teams, as the New York Knicks and Brooklyn Nets deals stand at $30 million and $20 million, respectively.  Patch partnerships are highly sought after because of the in-game visibility if offers. Besides the Nike swoosh on all kits, there are no other brand logos as visible in the NBA.”

    MIL OSI Economics

  • MIL-OSI Economics: progcm.io: BaFin warns against website

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The website operator claims to be based in London, United Kingdom, and only goes by the name GCMpro. According to BaFin’s findings, the operator was also responsible in the past for the now inactive website progcm.com.

    BaFin issued a warning about the completely identical website gcmpro.org as early as 12 November 2020. In addition, BaFin has recently become aware of other websites with almost identical content, which it has also issued warnings about. In all cases, the presentation on the websites begins with the following sentence: ‘Step Up Your Trading with [name of operator]’.

    Anyone offering financial or investment services or crypto-asset services in Germany requires a licence from BaFin. However, some companies offer such services without the required licence. You can find information on whether a particular company is authorised by BaFin in the company database.

    The information provided by BaFin is based on Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KMAG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI Economics: finance-ig.com: BaFin investigates website operator

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) is warning against the website finance-ig.com. According to the supervisory authority, financial and investment services as well as crypto-asset services are offered there without authorisation.

    The website operator provides alleged business addresses in Rotherham, United Kingdom, and Toronto, Canada. He claims to be registered in Canada. The identical website financeig.proxy56.com can also be found on the internet. The content, structure and wording of both websites largely correspond to the website fintechmarket-consulting.com, which BaFin warned against as early as 6 November 2023.

    Anyone offering banking transactions or financial and investment services or crypto-value services in Germany requires the permission of BaFin. However, some companies offer such services without having the necessary permission. Information on whether a particular company is authorised by BaFin can be found in the company database.

    The information provided by BaFin is based on Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KWAG).’

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI Economics: The turnover from card payments continued to increase in 2024

    Source: Danmarks Nationalbank

    Of the total card turnover in Denmark in 2024, the vast majority, kr. 616 billion, came from transactions made by Danes, while the remaining kr. 45 billion came from transactions made by foreigners. In comparison, Danes reached a card turnover of kr. 158 billion abroad in 2024, which is 16 percent higher than in 2023. 

    Keep track of the daily card turnover

    As a supplement to the quarterly payment statistics, which include information on the total card turnover in Denmark, Danmarks Nationalbank continuously publishes payment statistics based on daily payment card transactions in the card acquiring market in Denmark. The information is collected from six card payment acquirers in Denmark and is therefore not a complete record. This means that there will be differences in the coverage of the two statistics. Despite this, the development in card turnover in Denmark is comparable for the two statistics. In the daily payment statistics, one can already see how card turnover has developed up to and including January 19, 2025.  

    There are particularly large differences between the two reports in the period from the 2nd quarter og 2020 to the 2nd quarter of 2021. Part of the explanation for the differences in this period is the changed consumption and payment patterns during the COVID-19 pandemic.

    MIL OSI Economics

  • MIL-OSI Economics: Partial Withdrawal Third-Party Certification for Electronic Materials

    Source: Panasonic

    Headline: Partial Withdrawal Third-Party Certification for Electronic Materials

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics

  • MIL-OSI Economics: Making Data Easily Accessible: Leveraging Statistical Data and Metadata eXchange

    Source: Asia Development Bank

    The brief highlights how SDMX can simplify data activities and improve statistical interoperability, noting its growing use among national statistics offices, central banks, and statistical data producers. The brief also emphasizes the importance of capacity building to ensure the successful adoption of SDMX.

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on February 01, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 31,331.38 6.04 3.50-6.65
         I. Call Money 1,388.90 6.24 5.50-6.65
         II. Triparty Repo 29,352.60 6.06 5.00-6.55
         III. Market Repo 589.88 4.60 3.50-6.00
         IV. Repo in Corporate Bond 0.00
    B. Term Segment      
         I. Notice Money** 25.00 6.10 6.10-6.10
         II. Term Money@@ 0.00
         III. Triparty Repo 0.00
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sat, 01/02/2025 1 Sun, 02/02/2025 167.00 6.75
      Sat, 01/02/2025 2 Mon, 03/02/2025 350.00 6.75
    4. SDFΔ# Sat, 01/02/2025 1 Sun, 02/02/2025 1,09,459.00 6.25
      Sat, 01/02/2025 2 Mon, 03/02/2025 10,052.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,18,994.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 31/01/2025 3 Mon, 03/02/2025 1,00,013.00 6.51
         (b) Reverse Repo          
    3. MSF# Fri, 31/01/2025 2 Sun, 02/02/2025 0.00 6.75
      Fri, 31/01/2025 3 Mon, 03/02/2025 1,910.00 6.75
    4. SDFΔ# Fri, 31/01/2025 2 Sun, 02/02/2025 0.00 6.25
      Fri, 31/01/2025 3 Mon, 03/02/2025 5,176.00 6.25
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,68,399.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,49,405.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 01, 2025 9,49,696.17  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 31, 2025 1,00,013.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 -40,102.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2066

    MIL OSI Economics