Category: Economy

  • MIL-OSI United Nations: Income-generating activities serving local communities of Lopé and Ivindo

    Source: United Nations

    In the framework of the project “Creating a Sustainable Heritage Ecosystem for Socio-Economic Development in Africa”, UNESCO supports local communities around two World Heritage sites in Gabon to develop a sustainable project that highlights heritage and ecotourism.

    Between 11 and 15 December 2024, UNESCO conducted a consultation mission with local communities living in and around Gabon’s two World Heritage properties: the Ecosystem and Relict Cultural Landscape of Lopé-Okanda and Ivindo National Park. This initiative is part of UNESCO’s project titled “Creating a Sustainable Heritage Ecosystem for Socio-Economic Development in Africa,” funded by the Kingdom of Saudi Arabia. The project aims to integrate heritage preservation into sustainable development strategies, focusing on entrepreneurship, ecotourism, and digital technology. 

    As part of its commitment to sustainable socio-economic development, UNESCO has launched several pilot projects to promote entrepreneurship centred on ecotourism and the interpretation of World Heritage. These initiatives primarily target young people and women, addressing themes such as new information and communication technologies (ICT), the heritage economy, income-generating activities (IGAs), and innovation. The two World Heritage sites, known for their Outstanding Universal Value, are central to consultations aimed at developing tailored solutions to meet the needs of local communities.

    Consultations in Libreville : a multisectoral dialogue

    Multi-sectoral consultation in Libreville with key stakeholders in the development of the project © UNESCO /Jean Eude Ngouadono

    Ahead of the community consultations at the two World Heritage sites, a consultative meeting was organised by the Ministry of Culture in Libreville on 10 December 2024 with UNESCO. This event also brought together public and private institutions, including the National Museum, École 241 (a digital and leadership training centre), the National Agency for National Parks (ANPN), Espace PME (a Ministry of Commerce body supporting small and medium enterprises), the Gabon Digital Incubation Society (SING), and representatives from the culture, tourism, crafts, and social economy sectors.

    These discussions explored concrete opportunities around new technologies and the heritage economy, laying the groundwork for effective collaboration.

    A shared goal: leveraging heritage for inclusive development

    Moment de consultation auprès des habitants du Parc national de la Lopé. © UNESCO Libreville / Jean Eude NGOUADONO

    During this consultation mission, the UNESCO delegation, accompanied by the ANPN team, visited several villages surrounding, notably consultations took place in the villages of Ebyeng, Ntiété, and within Lopé-Okanda National Park. The visit highlighted challenges faced by local communities, including abandoned villages and damaged infrastructure. These once-thriving areas reflect the significant difficulties encountered by local populations in the face of recurring issues. The visit underscored the urgency of finding sustainable solutions to address these challenges. These observations will guide the development of projects that consider the complex realities on the ground. Discussions focused on community projects related to sustainable tourism, agriculture, fishing, and craft as means of favoring sustainable livelihoods and socio-economic development.

    Building a sustainable future with local communities, youth, and women as change-makers

    UNESCO places local communities, especially young people and women, at the centre of sustainable solutions. These actors play a key role in heritage preservation and the development of innovative economic initiatives essential for their empowerment and the prosperity of their regions.

    This mission represents a critical stage in designing a project that combines heritage preservation, sustainable development, and social inclusion. It illustrates UNESCO and its partners’ firm commitment to valuing Gabon’s rich natural and cultural heritage while addressing the aspirations and needs of local communities

    The projects will include income-generating activities and aim to strengthen local capacities. The goal is to make heritage a driver of inclusive and sustainable development, where local communities are not just beneficiaries but also initiators and agents of change.

    In this perspective, UNESCO will develop an implementation schedule and roll out a series of activities throughout 2025.

    With the support of

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Rail fare hikes will cause misery for workers and commuters

    Source: Scottish Greens

    Inflation-busting increases are inaccessible and unaffordable for everyone.

    Rail travel must be accessible and affordable for all, says Scottish Green MSP Mark Ruskell, following the announcement that ScotRail fares will increase by an inflation-busting 3.8% from April 1st.
     
    When in government the Scottish Greens secured a landmark scheme to remove peak rail fares for 12 months, with the SNP reintroducing them last year.
     
    The Greens have joined trade unions in calling for cheaper public transport through ending peak rail fares and introducing a £2 bus fare cap, to ensure that cleaner, greener travel is more available, affordable and accessible for all.
     
    In this year’s budget the Scottish Greens secured  the regional trial of a £2 bus fare cap beginning in January 2026, a move that they want to see extended across the country.
     

    The Scottish Greens’ spokesperson for transport, Mark Ruskell MSP, said:

    “These hikes will cause misery for commuters. If we want rail to be the first and best option for regular journeys then it has to be affordable and accessible for all.
     
    “When the Scottish Greens were in government we secured the removal of peak rail fares, only for the SNP to bring them back as soon as we were out of the room.
     
    “With household budgets being stretched to their limits, workers and regular commuters across our country are looking to find the cheapest ways to travel. These hikes will only deter people from using trains.
     
    “If we want safer and cleaner communities and less cars on our roads then we need to cut the cost of public transport. That is how we will encourage more commuters to leave their cars at home and hop on the train or bus, while benefiting people and planet.”

    Mr Ruskell added:

    “It was right to take ScotRail into public ownership, but we have a long way to go in building a modern and affordable rail network.
     
    “It shouldn’t have to cost a fortune to get to work, to hospital appointments or even to explore Scotland. We must end peak rail fares and stop financially penalising those who have no say on when they have to travel.”

    MIL OSI United Kingdom

  • MIL-OSI USA: Governor Newsom announces appointments 1.30.25

    Source: US State of California 2

    Jan 30, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Jacqueline Yannacci, of Folsom, has been appointed Executive Director of California Volunteers in the Governor’s Office of Service and Community Engagement, where she has been Chief Program Officer since 2020. Yannacci was a Consultant at Jacy Consulting from 2018 to 2020. She held several positions at American Red Cross from 2006 to 2018, including Director of Community Mobilization and Partnerships, Program Manager for Community Resilience, Program Manager for Behavioral Health, and Officer of Mental Health. Yannacci was Program Manager for Knowledge Management at NRI, Inc., from 2005 to 2006, where she was previously Research Associate from 2003 to 2005. She was a Research Associate at Drug Strategies from 1993 to 2003. Yannacci earned a Master of Public Policy degree from American University, and Bachelor of Science degree in Behavioral Science and Psychology from Pennsylvania State University. This position does not require Senate confirmation, and the compensation is $186,792. Yannacci is a Democrat.

    Leticia Palamidessi, of West Sacramento, has been appointed Deputy Director of Communications at the Governor’s Office of Land Use and Climate Innovation, where she has been a Supervising Communications Officer since and Lead Communications Officer to the Executive Director at the California Strategic Growth Council since 2024. From 2020 to 2024, Palamidessi was an Executive Marketing Specialist at the California Department of Fish and Wildlife, and prior to that she was an Information Officer for the California Department of Water Resources where she led outreach for the Climate Change Program, Division of Environmental Services, and Division of Engineering. Prior to state service, Palamidessi spent more than a decade elevating community voices and highlighting issues impacting Californians as a member of the media at various new organizations throughout Northern California – including being a General Assignment Reporter and Traffic Anchor for KCRA Channel 3 from 2017 to 2020. She is a California native and product of the state’s junior college and CSU systems, obtaining a Bachelor of Arts degree in Journalism from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $141,420. Palamidessi is registered without party preference.

    Carol Dahmen-Eckery, of Carmichael, has been appointed Chief of Strategic Communications at the California High-Speed Rail Authority. Dahmen-Eckery has been Chief Executive Officer of CDE Strategies since 2023. She was Senior Political Manager at Effectv from 2005 to 2022. Dahmen-Eckery was Communications Director at the California Secretary of State’s Office from 2004 to 2005. She was Deputy Communications Director in the Office of Governor Davis from 1999 to 2003. Dahmen-Eckery was Deputy Director of Advance for Gray Davis for Governor from 1998 to 2002. She is a member of the American Association of Political Consultants Board of Directors. Dahmen-Eckery earned a Bachelor of Arts degree in Journalism and Government from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $170,004. Dahmen-Eckery is a Democrat.

    Dr. Sergio Aguilar-Gaxiola, of Sacramento, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Dr. Aguilar-Gaxiola has been a Professor of Clinical Internal Medicine and Founder and Director at the Center of Reducing Health Disparities at University of California, Davis School of Medicine since 2005, and Director of the Community Engagement Program at the Clinical and Translational Science Center since 2006. He was Co-Director at the Latino Aging Research and Resource Center from 2012 to 2016. Dr. Aguilar-Gaxiola was a Professor of Psychology at California State University, Fresno from 1990 to 2005. He is a member of the Governor’s Council on Physical Fitness and Mental Well-Being. Dr. Aguilar-Gaxiola earned a Doctor of Philosophy degree in Clinical-Community Psychology from Vanderbilt University, a Master of Science degree in Psychology from Vanderbilt University, and a Doctor of Medicine degree from Autonomous University of Guadalajara. This position does not require Senate confirmation, and there is no compensation. Dr. Aguilar-Gaxiola is a Democrat.

    Tam Ma, of Sacramento, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Ma has been Associate Vice President for Health Policy and Regulatory Affairs at the University of California Office of the President since 2022. She was a Deputy Legislative Secretary at the Office of Governor Gavin Newsom from 2019 to 2022. Ma was a Lecturer at the University of California, Davis School of Law in 2022. She was an Assistant Secretary at the California Health and Human Services Agency from 2018 to 2019. Ma was Legal and Policy Director at Health Access California from 2015 to 2018. She was a Principal Consultant for the Office of Senator Mark Leno at the California State Senate from 2013 to 2015. Ma was a Lecturer at University of California, Berkeley School of Law in 2014. She was an Attorney at Legal Services of Northern California from 2011 to 2013. Ma was a California Senate Fellow and Policy Consultant for the Office of Senator Sheila Kuehl at the California State Senate from 2002 to 2008. She is a Member of the Board of Directors of the Berkeley Law Alumni Association. She earned a Juris Doctor degree and a Bachelor of Arts degree in Political Science from University of California, Berkeley. This position does not require Senate confirmation, and there is no compensation. Ma is a Democrat.
     
    Amy Moy, of Portola Valley, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Moy has been Co-Chief Executive Officer at Essential Access Health since 2022, where she was previously Chief External Affairs Officer from 2019 to 2022 and Vice President of Public Affairs from 2011 to 2019. She was a Public Affairs and Community Engagement Strategist for the Women’s Funding Network from 2009 to 2011. Moy was Associate Vice President of Public Affairs at the Planned Parenthood Golden Gate from 2003 to 2009 and Director of the Planned Parenthood Golden Gate Action Fund from 2004 to 2009. She held several roles at Planned Parenthood of New York City from 1999 to 2003, including Director of Community Affairs, Grassroots Manager, and Media Relations Associate. Moy is a member of the Executive Committee of the Family Planning Councils of America. She earned a Bachelor of Arts degree in Communications from Ithaca College. This position does not require Senate confirmation, and there is no compensation. Moy is a Democrat.

    Kristen Cerf, of Nevada County, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Cerf has been President and Chief Executive Officer at Blue Shield of California Promise Health Plan since 2020, where she has held several positions there and at Blue Shield of California since 2016, including Vice President of Medi-Cal Growth Strategy, Chief Legal Officer, and Associate General Counsel. She held several roles at Molina Healthcare from 2010 to 2015, including Associate Vice President and Assistant General Counsel, Senior Associate General Counsel and Associate General Counsel. Cerf was an Associate Attorney at Locke Lord LLP from 2007 to 2010. She held several roles at the California Department of Managed Care from 2004 to 2006, including Licensing Counsel, Graduate Legal Assistant and Senior Law Clerk. Cerf is a Board Member of Project Angel Food. She earned a Juris Doctor degree from the University of the Pacific, McGeorge School of Law and a Bachelor of Science degree in Microbiology from University of California, Davis. This position does not require Senate confirmation, and there is no compensation. Cerf is a Democrat.

    Dr. Irving Ayala-Rodriguez, of Bakersfield, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Dr. Ayala-Rodriguez has been Chief Medical Officer with Clinica Sierra Vista since 2022, where he previously served as a Walk-In Clinic Director and Associate Medical Director from 2020 to 2022. He was a Family Medicine Resident at the University of California, Los Angeles from 2016 to 2019. Dr. Ayala-Rodriguez has served on the California Medical Board since 2024. He earned a Doctor of Medicine degree from the Autonomous University of Guadalajara. This position does not require Senate confirmation, and there is no compensation. Dr. Ayala-Rodriguez is a Democrat.

    Press Releases, Recent News

    Recent news

    News What you need to know: Governor Newsom is deploying resources and thousands of personnel to communities throughout Northern California in anticipation of a potentially major storm system. SACRAMENTO – With an atmospheric river expected to arrive in Northern…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring January 30, 2025, as Fred Korematsu Day.The text of the proclamation and a copy can be found below: PROCLAMATION Fred Korematsu did not set out to become a civil rights hero, but…

    News What you need to know: As part of ongoing actions to help support workers and businesses impacted by the Los Angeles area fires, Governor Newsom is issuing an executive order to defer licensing fees and streamline requirements for certain small businesses. The…

    MIL OSI USA News

  • MIL-OSI USA: California readies for incoming winter storm: Governor Newsom pre-deploys resources to protect communities

    Source: US State of California 2

    Jan 30, 2025

    What you need to know: Governor Newsom is deploying resources and thousands of personnel to communities throughout Northern California in anticipation of a potentially major storm system.

    SACRAMENTO – With an atmospheric river expected to arrive in Northern California this weekend, California is pre-deploying resources – including thousands of personnel – to help protect communities from storm impacts.

    Governor Gavin Newsom has directed the Governor’s Office of Emergency Services (Cal OES) to coordinate state and local partners to deploy emergency resources to support impacted communities. State officials are urging people to take precautions now before the storm arrives.

    National Weather Service Sacramento is forecasting a moderate to strong atmospheric river to begin Friday and continue into next week. Prolonged periods of rain and mountain snow are expected, with the potential for flash flooding and rising creeks, rivers, and streams. 

    We know from experience that these storms can pack a punch. California is pre-deploying resources and thousands of boots on the ground throughout Northern California so we can be ready at a moment’s notice to protect people. The best thing people can do now is to prepare and stay alert.

    Governor Gavin Newsom

    Cal OES is monitoring weather impacts and working closely with local areas that are forecasted to be affected. In particular, the state is closely monitoring recent burn scar areas that pose the threat of mudslides and debris flows. Together, the state is preparing:

    • The State-Federal Flood Operations Center is monitoring forecasts and coordinating with partners.
    • In collaboration with the California-Nevada River Forecast Center (CNRFC), DWR engineers and CNRFC hydrologists are conducting river forecasts up to four times a day.
    • DWR has pre-positioned flood fight materials in Northern and Central California including over 3.7 million burlap sandbags and 162 flood fight material containers across 25 counties.
    • The flood control system is working as intended with flood space available throughout the system. Water can move throughout California’s flood control system including natural weirs overtopping, water in the region’s bypasses, and potential use of spillways at reservoirs.
    • Caltrans has 2,500 personnel and 1,253 pieces of storm equipment including snowplows, backhoes, and storm drain clearing equipment.
    • 133 CAL FIRE engines and 7 CAL FIRE hand crews staffed across the northern region that are ready to respond.

    An atmospheric river could bring an increased risk of power outages, flooding in small streams and low-lying areas, and debris, rocks and mudslides on roadways.

    Cal OES is encouraging residents to reduce injury risks from falling limbs and trees by staying inside, not driving through flooded roadways and preparing in advance for power outages.

    Residents in the affected counties are urged to stay informed and listen to local authorities about actions they should take including evacuation orders or safety recommendations. In burn scar areas, officials recommend preparing for possible sudden debris flows by having a go-bag packed and knowing evacuation routes.

    Go to ready.ca.gov for tips to prepare for the incoming storm.

    Press Releases, Recent News

    Recent news

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring January 30, 2025, as Fred Korematsu Day.The text of the proclamation and a copy can be found below: PROCLAMATION Fred Korematsu did not set out to become a civil rights hero, but…

    News What you need to know: As part of ongoing actions to help support workers and businesses impacted by the Los Angeles area fires, Governor Newsom is issuing an executive order to defer licensing fees and streamline requirements for certain small businesses. The…

    News Los Angeles, California – Governor Gavin Newsom today issued a proclamation declaring January 29, 2025, as Lunar New Year.The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia joins people throughout the country and around the world…

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom proclaims Fred Korematsu Day 2025

    Source: US State of California 2

    Jan 30, 2025

    Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring January 30, 2025, as Fred Korematsu Day.

    The text of the proclamation and a copy can be found below:

    PROCLAMATION

    Fred Korematsu did not set out to become a civil rights hero, but at the age of 23, he made the bold choice to challenge the policy of Japanese internment – and forever altered the course of history. This year, as we commemorate the 106th anniversary of his birth, we reflect on his courageous crusade for civil rights.

    When the United States entered World War II, Korematsu tried to enlist and fight for his country but was turned away. Not long after, under Executive Order 9066, he was one of the more than 120,000 Japanese Americans ordered to report to internment camps. Korematsu defied the order, a brave act of protest that led to his arrest and conviction, which he fought all the way to the Supreme Court.

    Though the Court ultimately ruled against him, Korematsu found vindication forty years later, when a federal court overturned his criminal conviction. In that courtroom, Korematsu said, regarding his case, that “being an American citizen was not enough…you have to look like one, otherwise they say you can’t tell a difference between a loyal and a disloyal American,” asking the government to ensure that such wrongs never happen again.  In 1998, President Bill Clinton awarded Korematsu the Presidential Medal of Freedom.

    Throughout his life, Korematsu worked tirelessly to ensure Americans understood the lessons learned from a dark chapter of our history. Today, as we confront attacks on our fundamental rights and freedoms and hate-fueled violence across the country, it is clear that Korematsu’s extraordinary fight for civil rights is far from over. His legacy is an inspiration and reminder to all of us that we must continue to stand against injustice in our daily lives.

    NOW THEREFORE I, GAVIN NEWSOM, Governor of the State of California, do hereby proclaim January 30, 2025, as “Fred Korematsu Day.”

    IN WITNESS WHEREOF I have hereunto set my hand and caused the Great Seal of the State of California to be affixed this 30th day of January 2025.

    GAVIN NEWSOM

    Governor of California

    ATTEST:

    SHIRLEY N. WEBER, Ph.D.

    Secretary of State                     

    Press Releases

    Recent news

    News What you need to know: As part of ongoing actions to help support workers and businesses impacted by the Los Angeles area fires, Governor Newsom is issuing an executive order to defer licensing fees and streamline requirements for certain small businesses. The…

    News Los Angeles, California – Governor Gavin Newsom today issued a proclamation declaring January 29, 2025, as Lunar New Year.The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia joins people throughout the country and around the world…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Deborah Hoffman, of Sacramento, has been appointed Chief Deputy Director at the Office of Tax Appeals. Hoffman has been Special Advisor at the California Department of Veterans Affairs…

    MIL OSI USA News

  • MIL-OSI United Kingdom: New parking charges to help safeguard frontline services to residents

    Source: City of Norwich

    Published on Friday, 31st January 2025

    Fees for parking in the city’s surface and multi-storey parking facilities will change at the end of March.

    The increase will generate an additional £300,000, enabling the council to continue investing in vital frontline services that our residents rely on us to provide. The money raised from these car parks has helped the council to avoid making cuts to services in the next financial year.

    Based on a typical parking stay of between one and two hours, the increase will be 10-20 pence.

    Season ticket prices will also increase, but on-street residential parking permits will remail unchanged. Blue Badge holders will continue to receive a 50% discount.

    As non-residents travelling from outside the city are subject to the same charges, it means they also contribute to the running costs of the city council’s services.

    Next year the council will spend around £100 million on vital services across the city. While funding from central government has gone down, the cost of things like energy and materials has gone up due to inflation.

    Councillor Emma Hampton, cabinet member for a climate responsive Norwich, said: “Increasing fees for our services is always a last resort. With funding from central government dwindling, and the cost of things like energy and materials going up due to inflation, we are under financial pressure to do more with less – like all local council up and down the country.

    “The cost-of-living crisis has also meant more people need our help, creating extra demand for council services. 

    “Despite these really difficult budget challenges, the city council has a strong record of sound financial management and that means we’ve been able to find a way to ensure that there will be no cuts to frontline services in the next financial year.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: North Cornwall coast path improvements completed

    Source: United Kingdom – Government Statements

    The path around the South West’s glorious coastline is further enhanced thanks to improvements to the Marsland Mouth to Newquay section in Cornwall.

    Walking the coast path from Pentire Point towards Polzeath

    These works form part of a national programme to create a coastal path around the whole of England. Once completed this will be the longest managed coastal walking route in the world and the UK’s longest National Trail.

    Stretching from Marsland Mouth on the North Cornwall coast down to Newquay, some 75 miles in total, the path follows the route of the existing South West Coast Path (SWCP) National Trail, beginning at the border with Devon and stretching to the railway station in Newquay.

    For anyone walking the path, there is plenty to see, with towns and villages such as Bude, Boscastle, Tintagel, Port Isaac, Polzeath, Padstow and Mawgan Porth.  Plus, the path passes by the historic highlights of Crackington Haven, Tintagel Castle, the Rumps at Pentire with its Bronze age burial mounds, the Camel Estuary (including the ferry), Trevose Head and its lighthouse and Bedruthan Steps.  In addition, there are glorious sandy beaches to stop off throughout the route.

    Making the path line up with the sea

    In establishing the new trail, Natural England has sought to improve the alignment of the SWCP where possible or move it closer to the sea. For example, at Penhalt Cliff it has been taken off road on to farmland, improving safety for walkers and drivers. For the first time wider coastal access rights on foot have been established between the trail and the sea, including cliff tops and beaches.  

    It also brings legal provision for the trail to ‘roll back’ in response to coastal erosion, thereby securing people’s rights into the future and protecting the investment being made now. You will still encounter steep climbs and descents as well as gently undulating walking along the cliff tops.

    Boscastle harbour viewed from the coast path

    Better alignment, better surfacing, better drainage

    Andrea Ayres, Deputy Area Director for Natural England said:

    This improved stretch of path takes in some of the best views in the South West and much-loved places that have been attracting visitors for many years.

    With the improvements to the path and the additional access rights, we hope it will continue to give people the chance to get out and enjoy nature, as well as continue to bring visitors to the county, since tourism is so vital to the local economy.

    While much of Cornwall’s 300-mile section of the South West Coast Path is owned by private landowners and organisations, the path is managed by Cornwall Council. The council and Cormac have worked to deliver the improvements on this stretch.

    Martyn Alvey, Cornwall Council cabinet portfolio holder for environment, said:

    The South West Coast Path is a wonderful asset popular with local residents and visitors alike, but by its very nature, is susceptible to the elements and coastal erosion.

    This funding has meant we have been able to make significant improvements to the path in Cornwall, bringing forward many projects which may otherwise have been many years away from happening.

    We’ve been able to move inland sections closer to the coast, improve surfacing and drainage, repair paths and realign hazardous sections. It is fantastic to see completion of the Marsland Mouth to Newquay section and I’m sure it will be enjoyed by all for many years to come.

    Julian Gray, Director, South West Coast Path Association (SWCPA) said:

    The King Charles III England Coast Path creates new open access rights around the coast to help connect people to nature. It also gives us new powers to manage the National Trail in the face of coastal erosion, helping us continue to improve the South West Coast Path as one of the world’s great trails.

    What is the King Charles III England Coast Path?

    The King Charles III England Coast Path (KCIIIECP) is a National Trail around the entire coast of England. Existing coastal national trails and other regional walks make up parts of the KCIIIECP and this newly improved stretch of the South West Coast Path forms part of the KCIIIECP.

    You can plan your walk on the KCIIIECP, which follows the enhanced route of the SWCP between Marsland Mouth to Newquay, by visiting the KCIIIECP or the South West Coast Path pages of the National Trails website.

    Background

    The Marine and Coastal Access Act 2009 places a duty on the Secretary of State and Natural England to secure a long-distance walking trail around the open coast of England, together with public access rights to a wider area of land along the way for people to enjoy. 

    Natural England is working at pace to ensure completion of the KCIIIECP. By the end of 2024 it had opened 1,400 miles. Subject to resources we expect to complete the KCIIIECP by spring 2026.

    To plan their visit walkers can access route maps of all opened sections of the King Charles III England Coast Path and any local diversions on the National Trails website. And can check for any restrictions to access on Natural England’s Open Access maps.

    You can promote your business, service, event or place of interest for free on the National Trails website, inspire people to spend more time in your area and benefit from the economic impact of visitors.

    National Trails, marked by the acorn symbol, pass through spectacular scenery, support local tourism and offer a range of routes from short circular walks to long distance challenges.

    King Charles III England Coast Path: 

    We have a map showing progress to complete the King Charles III England Coast Path.

    The King Charles III England Coast Path will be our longest, National Trail, passing through some of our finest countryside, maritime and industrial heritage, coastal settlements and rural locations.

    It will also be the world’s longest managed coastal trail (i.e. the trail is maintained to National Trail standards). It will secure legal rights of public access for the first time to typical coastal land including foreshore, beaches, dunes and cliffs that lies between the trail and the sea.

    Improvements to existing access to the coastline include: 

    • a clear and continuous way-marked walking route along this part of the coast, bringing some sections of the existing coastal footpath closer to the sea and linking some places together for the first time

    • targeted adjustments to make the trail more accessible for people with reduced mobility, where reasonable

    • uniquely amongst our National Trails the KCIIIECP may be moved in response to natural coastal changes, through ‘roll back’ if the coastline erodes or slips, solving the long-standing difficulties of maintaining a continuous route along the coast – and making a true coastal path practicable

    • the legal provision for roll back is proposed to sections of the trail where a need has been foreseen but can be retrospectively applied to other parts of the route if deemed necessary

    • the route of the trail can also be altered through planning proposals and where coastal and flood defence works or habitat creation would impact on the proposed or open route of the KCIIIECP

    • we have a webpage showing progress near you to create the King Charles III England Coast path

    • we work closely with a broad range of national and regional stakeholders around the country including wildlife trusts, National Trust, RSPB, NFU, CLA, RA, OSS, Environment Agency and local authorities

    The Countryside Code is the official guide on how to enjoy nature and treat both it, and the people who live and work there, with respect.  

    For landowners

    Landowners who have KCIIIECP coastal access rights on their land enjoy the lowest liabilities in England. Here is our guidance on managing your land in the coastal margin.

    About Natural England  

    Established in 2006, Natural England is the government’s independent adviser on the natural environment. Our work is focused on enhancing England’s wildlife and landscapes and maximising the benefits they bring to the public. 

    We establish and care for England’s main wildlife and geological sites, ensuring that over 4,000 National Nature Reserves (NNRs) and Sites of Special Scientific Interest are looked after and improved,

    We work to ensure that England’s landscapes are effectively protected, designating England’s National Parks and National Landscapes , and advising widely on their conservation.

    We run Environmental Stewardship and other green farming schemes that deliver over £400 million a year to farmers and landowners, enabling them to enhance the natural environment across two thirds of England’s farmland.

    We fund, manage, and provide scientific expertise for hundreds of conservation projects each year, improving the prospects for thousands of England’s species and habitats.

    We promote access to the wider countryside, helping establish National Trails and coastal trails and ensuring that the public can enjoy and benefit from them.

    For more information, visit our page on how the King Charles III England Coast Path is improving public access to England’s coast

    About the South West Coast Path Association

    The South West Coast Path Association is a charity (Registered Charity Number 1163422) that works to ensure the South West Coast Path is one of the best walks in the world and protects it for all to enjoy. Supporting the charity helps the South West Coast Path Association to improve the South West Coast Path and keeps the way open to beautiful coastal places.

    For more information visit the South West Coast Path Association website.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI: Interim report for Q1 of 2024/25 (the period 01.10.2024 – 31.12.2024)

    Source: GlobeNewswire (MIL-OSI)

    Nørresundby, Denmark, 31 January 2025
    Announcement no. 03/2025

    Q1 DELIVERS IMPROVED REVENUE AND GROSS MARGIN COMPARED TO Q1 LAST YEAR.

    “We observed a significant increase in both revenue and gross margin in Q1 2024/25 compared to Q1 2023/24. Historically, Q1 is the lowest-performing quarter for RTX, as many customers reduce inventories to manage year-end working capital.

    In Q1 2024/25, revenue reached DKK 101 million, with a gross margin of 51%, aligning with both our expectations and the previous quarter’s performance. While maintaining strong gross margins across segments, we remain focused on driving revenue growth.

    Order intake increased in this quarter, which is an encouraging development. With short lead times on orders, our visibility for the full year remains limited. However, the first half of the financial year is expected to show an increase in both revenue and EBITDA compared to last year.”

    Mille Tram Lux

    HIGHLIGHTS

    • Revenue in Q1 2024/25 showed an increase of more than 20% compared to Q1 last year, reaching DKK 101 million compared to DKK 82 million in Q1 2023-24.
    • Gross margin reached a solid level of 51% for Q1 2024/25 compared to 39% in Q1 2023/24.
    • Q1 2024/25 showed an increase in new orders compared to previous quarter, however still with order horizons of 3-6 months.
    • Contract signed with Henrik Mørck Mogensen, who will take on the role as CEO of RTX from 1st of March 2025.

    OUTLOOK
    RTX confirms the previously announced financial outlook for 2024/25:

    • Revenue DKK 490 to 520 million
    • EBITDA DKK 0 to 20 million
    • EBIT DKK -35 to -15 million

    RTX A/S

    PETER THOSTRUP        MILLE TRAM LUX
    Chair                                CFO

    Investor and analyst conference call
    On Tuesday, 4 February 2025 at 10:00 CET, RTX will hold a conference call for investors and analysts hosted by Danske Bank.

    To register for the conference call, please e-mail vonh@danskebank.dk.

    Enquiries and further information:
    Peter Thostrup, Chair, tel +45 96 32 23 00
    Mille Tram Lux, CFO, tel +45 96 32 23 00

    Attachments

    The MIL Network

  • MIL-OSI: Navatar’s A-Game Podcast: Navigating Alternative Investments and the Impact of the Latest Election with New Republic Partners

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) — Navatar is pleased to announce the latest episode of the A-Game podcast for private markets. In this episode, Alok Misra, CEO of Navatar, and New Republic Partners delve into the evolving landscape of alternative investments, offering valuable insights for family offices and investment professionals. Their discussion covers the impact of the recent election and the new regime on investment strategies.

    New Republic Partners shares their team’s extensive experience in alternative asset funds, discussing the importance of understanding various asset classes and the challenges family offices face in building scalable and sophisticated investment models.
    Listeners will gain a deeper understanding of the operational challenges in managing alternative investments, the potential opportunities in private credit, secondary markets, and venture capital, and the importance of collaboration and partnerships in navigating the alternative investment landscape.

    Don’t miss this opportunity to learn from industry leaders. The entire episode can be viewed here:

    https://www.youtube.com/watch?v=ID7UmNB7hd0&t=2s

    About Navatar
    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, enables investment professionals make informed decisions based on superior proprietary intelligence. Navatar is used by hundreds of firms including private equity funds, M&A boutiques and bulge brackets, fund of funds, multi-asset credit, hedge funds, real estate funds, venture capital firms, corporate development groups, family offices, private placement and other financial services companies. For more information, visit www.navatargroup.com.

    About New Republic Partners
    New Republic Partners (“NRP”) is an innovative investment management and wealth advisory firm serving families, business owners, endowments and foundations. We believe clients benefit from access to investment opportunities usually reserved for large institutional investors and the expertise and experience of a successful and seasoned investment management, wealth advisory and family office solutions team. NRP is headquartered in Charlotte, North Carolina, and serves clients across the U.S. with regional offices. More information is available at New Republic Partners.
    New Republic Capital, LLC (which does business as New Republic Partners) is an investment adviser with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about New Republic Capital’s advisory services can be found in its Form ADV Part 2 and/or Form CRS, both of which are available upon request.

    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network

  • MIL-OSI: Banco Santander-Chile Announces Fourth Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    SANTIAGO, Chile, Jan. 31, 2025 (GLOBE NEWSWIRE) — Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results1 for the twelve-month period ended December 31, 2024, and fourth quarter 2024 (4Q24).

    Strong Financial Performance with ROAE2of 26.0% in 4Q243and 20.2% in 12M244.

    As of December 31, 2024, the Bank’s net income attributable to shareholders totaled $858 billion ($4.55 per share and US$1.83 per ADR), marking a 72.8% increase compared to the same period of the previous year and with an ROAE of 20.2%.

    In 4Q24, net income attributable to shareholders of the Bank totaled $277 billion, increasing 13.7% in the quarter with a quarterly ROAE of 26.0%. This marks the third consecutive quarter with an ROAE above 20%.

    The improvement in results is explained by an increase in the Bank’s main revenue lines. Operating income increased by 34.5% YoY, supported by a stronger interest margin and readjustments.

    Robust NIM5recovery, reaching 3.6% in 2024 and 4.2% in 4Q24.

    Net interest and readjustment income (NII) for the year ended December 31, 2024 increased by 62.1% compared to the same period in 2023. This growth was primarily due to higher net interest income, resulting from a lower monetary policy rate that reduced our funding costs from 6.8% to 4.7% in 12M24. This was partially offset by lower readjustment income due to a smaller variation in the UF compared to the previous year. Consequently, the NIM improved from 2.2% in 2023 to 3.6% in 2024, and further to 4.2% in 4Q24.

    Continued Expansion of Customer Base with a 6.4% YoY Increase in Total Customers and a 5.9% YoY Increase in Digital Customers

    Our strategy to enhance digital products has led to a continued growth in our customer base reaching approximately 4.3 million customers, with over 2.2 million digital customers (88% of our active customers).

    The Bank’s market share in current accounts remains robust at 23.2% as of October 2024, driven by increased customer demand for US dollar current accounts which can be easily opened digitally by our customers. It also demonstrates the success of Getnet’s strategy in encouraging cross-selling of other products such as the Cuenta Pyme Life.

    Customer funds increased 4.7% QoQ and 12.6% since December 2023.

    Customer funds (demand deposits, time deposits and mutual funds) increased by 4.7% QoQ and 12.6% from December 2023, reflecting client growth and fund accumulation. The Bank’s total deposits increased by 5.7% from December 31, 2023, explained by the 5.3% increase in demand deposits and the 6.0% increase in time deposits. In the quarter, total deposits grew by 5.9%, with demand deposits up by 8.7% and time deposits by 3.7%. The strong growth in the quarter is explained by the seasonality of deposits at the end of the year, especially among corporate clients.

    Our customer’s investments through mutual funds intermediated by the Bank also grew in the quarter, reaching an increase of 2.2% QoQ and 32.6% since December 31, 2023, given the clients’ preference for mutual funds in this scenario of falling rates.

    Net fees and commissions increase 8.8% in 12M24, achieving a recurrence6level of 60.3%.

    Net fees increased 8.8% in the twelve months ended December 31, 2024 compared to the same period in 2023 due to increased client numbers and higher product usage. As a result, the recurrence ratio (total net fees divided by structural support expenses) increased from 57.4% YTD as of December 2023 to 60.3% YTD as of December 2024, demonstrating that more than half of the Bank’s expenses are financed by fees generated by our clients.

    Efficiency ratio of 36.5% in 4Q24 and 39.0% in 4Q24

    The Bank’s efficiency ratio reached 39.0% as of December 31, 2024, compared to the 46.6% of the same period last year, with a quarterly efficiency ratio of 36.5%. On the other hand, the cost to assets ratio increased to 1.5% in 12M24 vs. 1.3% in the same period of the previous year.

    Structural support expenses (salaries, administration and amortization) grew 3.5% in 12M24 compared to 12M23, below inflation, and in line with the guidance provided previously and a slight decrease of 1.8% compared to 3Q24 mainly due to lower salary expenses.

    Total operating expenses (which includes other expenses) increased 12.4% in 12M24 compared to 12M23 driven by higher other operating expenses, related to a provision for the restructuring of our branch network and the transformation to Work/Café and also advances in digital banking.

    Cost of credit of 1.29% in 12M24, and NPL coverage at 115.4%

    During the Covid-19 pandemic, asset quality benefited from state aid and pension fund withdrawals, which led to a positive performance in assets during that period, before normalizing in line with the performance of the economy and the drainage of excess liquidity from households. Currently, our clients’ performance is reflecting the state of the economy and the labor market, where delinquency is higher than the levels we saw before the pandemic with the non-performing loans (NPL) ratio increasing to 3.2% and the impaired portfolio to 6.7% at December 2024. Overall the cost of credit remained stable at 1.29% in the quarter.

    Solid capital levels with a BIS7ratio of 17.1% and a CET18of 10.5%.

    Our CET1 (Common Equity Tier 1) ratio remains at solid levels of 10.5% and the total Basel III ratio reaches 17.1% at the end of December 2024, which includes a provision of dividend payment of 70% of 2024 earnings.

    We made significant progress in our Chile First strategy in 2024

    • Largest bank in terms of loans and deposits (16.9% market share according to latest information from the CMF).
    • More than US$ 450 million committed to invest in infrastructure and technology between 2023 and 2026.
    • A total of 99 Workcafés in Chile, serving our clients and the community in their different formats.
    • Recognized by Euromoney as the Best Bank in the Country in the SME and ESG Categories.
    • The only Chilean bank included in the DJSI emerging markets and within the top 3% of the most sustainable banks in the world.
    • Top Employer Certification January 2025 (seventh consecutive year).
    • Recognized as the Best Bank in Chile for SMEs by Global Finance.
    • ALAS20: First place in the category of leading company in sustainability.
    • Institutional Investor: “Most Honored Company.”

    Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody’s, A- from Standard and Poor’s, A+ from Japan Credit Rating Agency, AA- from HR Ratings and A from KBRA. All our ratings as of the date of this report have a stable outlook.

    As of December 31, 2024, the Bank has total assets of $68,458,933 million (US$68,865 million), total gross loans (including loans to banks) at amortized cost of $41,323,844 million (US$41,569 million), total deposits of $31,359,234 million (US$31,545 million) and shareholders’ equity of $4,292,440 million (US$4,318 million). The BIS capital ratio was 17.1%, with a core capital ratio of 10.5%. As of December 31, 2024, Santander Chile employs 8,757 people and has 236 branches throughout Chile.

    CONTACT INFORMATION
    Cristian Vicuña
    Chief Strategy Officer and Head of Investor Relations
    Banco Santander Chile
    Bandera 140, Floor 20
    Santiago, Chile
    Email: irelations@santander.cl Website: www.santander.cl


    1 The information contained in this report is presented in accordance with Chilean Bank GAAP as defined by the Financial Markets Commission (FMC).
    2 Annualized net income attributable to shareholders of the Bank divided by the average equity attributable to equity holders
    3 The fourth quarter of 2024
    4 The twelve months accumulated as of December31, 2024
    5 NIM: Net interest margin. Annualized net interest income and annualized readjustments divided by interest-earning assets
    6Recurrence: Net commissions divided by structural operating expenses (excludes other operating expenses).
    7 Regulatory capital divided by risk-weighted assets, according to CMF BIS III definitions
    8 Core capital divided by risk-weighted assets, according to CMF BIS III definitions.

    The MIL Network

  • MIL-OSI: Speakers at Biz2X Frontiers of Digital Finance Conference Kick Off 2025 and Predict What’s Next in Fintech and Business Finance

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and MIAMI, Jan. 31, 2025 (GLOBE NEWSWIRE) — The Biz2X 2025 Frontiers of Digital Finance (FDF) Conference at University of Miami’s Business School, held on January 14, brought together top global leaders in technology, business and government to examine the rapidly changing digital finance landscape, particularly AI’s transformative impact on small business lending. For video highlights, click here.

    FDF assembled a ‘Who’s Who’ of digital finance experts who delved into major issues, such as potential changes in regulation in the new Trump administration, increased use of AI in lending, and the rise of alternative lenders. Speakers from over 25 organizations were represented, in an invite-only audience of more than 200 delegates. Among the A-List speakers were:

    • Former Congressman Patrick McHenry, who served as Chair of the House Financial Services Committee for the past two years. His keynote address, The Future of Fintech Regulation, drew upon his more than two-decades in Congress. The session was moderated by Charlie Gasparino of Fox Business News.
    • USAA President & CEO Wayne Peacock spoke about Leadership in Fintech in The Next Decade. Under Peacock’s visionary leadership, USAA has become a household name. At FDF, he shared insights from his expertise in mission-driven leadership to navigate the evolving financial services landscape.
    • Jim Esposito, President of Citadel Securities, led a discussion entitled Building the Future: Technology in Financial Markets in which he shared his insights for driving long-term growth and building global client and partner relationships.
    • Miami Mayor Francis X. Suarez examined Where Innovation Meets Opportunity – A Legal and Economic Vision, together with legendary litigator Marc Kasowitz from Kasowitz Benson Torres. They shared their perspectives on the legal and economic forces shaping today’s business landscape, and Mayor Suarez explored how cities like Miami can become innovation hubs for the private sector.

    BCG & Biz2X Launch New SMB Finance White Paper at FDF Miami

    Biz2X partnered with Boston Consulting Group (BCG), one of the world’s top business consulting firms, to unveil a brand-new proprietary white paper entitled, The Forthcoming Revolution in Small Business Lending.

    The study examines the rapidly changing dynamics of small business lending. Biz2X and BCG analyzed the reasons why banks — particularly the country’s largest institutions — place limitations on lending to small and medium-sized businesses. BCG identifies a global small business funding gap that exceeds $5 trillion.

    Biz2X and BCG conclude that SMB lending must be fundamentally altered through technology such as digital lending platforms to achieve lower risk, broader access to capital, and a significantly-improved digital experience for both borrowers and lenders. To download the full report, click here.

    Looking Ahead to Future FDF Conferences

    “FDF Miami 2025 was the highest-attended conference yet in our continuing series of these events. Our goal with FDF is to create a platform that drives the finance industry forward by bringing together the right people from all sides of industry and policy,” said Conference Chair and the CEO & Co-Founder of Biz2X, Rohit Arora.

    Future editions of FDF in 2025 are being planned in Riyadh and Mumbai, along with a likely return to Miami, with dates to be announced. For more information about FDF sponsors, speakers, and to see exclusive content from FDF Miami and previous FDF events, visit frontiersofdigitalfinance.com.

    About Frontiers of Digital Finance (FDF)
    FDF is an invitation only, global conference series that assembles global experts in the field. These include top financial institutions, innovative startups, investors, policy makers, technologists, and other leaders to learn about trends in digital finance and build relationships with key executives in the fintech industry.

    Attendees gain valuable insights from distinguished speakers and forge meaningful connections with key industry executives through curated networking events. Previous conferences have been held in some of the world’s most dynamic financial hubs: Dubai, Riyadh, Abu Dhabi, Mumbai, New York (at Columbia Business School) and Miami. Visit frontiersofdigitalfinance.com and LinkedIn for more information and highlights from the conferences.

    About Biz2X 
    Biz2X® is the digital lending platform chosen by successful business lenders, with more than $10 billion funded globally to businesses through the company’s innovative technology. The platform has been chosen for business lending at banks and financial institutions around the world. Lenders choose the platform because they want to transform their lending practices digitally. Biz2X makes this possible through best-in-class technology and AI-powered underwriting models. Biz2X LLC is a subsidiary of Biz2Credit. Visit Biz2X.com for more information.

    Contact: John Mooney, Over The Moon PR, 908-720-6057, john@overthemoonpr.com

    The MIL Network

  • MIL-OSI Economics: Efficiency, resilience and digital horizons: perspectives and challenges for the public sector | Keynote statement at the Digital Excellence Forum

    Source: Bundesbank

    Check against delivery.

    1 Introduction

    Against the backdrop of a changing geopolitical environment, the relevance of digital advances and innovations has further increased. 

    I have just returned from a discussion among policy makers and researchers in Washington D.C., and many of the exchanges touched on the economic outlook in a potentially more fragmented world economy. 

    For both reasons, I am delighted to be part of this conference about digital excellence here in Berchtesgaden. 

    Representing the Bundesbank on this panel, I would like to contribute three considerations from a public sector perspective.

    While there is a lot of discussion about digitalisation in Germany and the need to catch up in particular in the public sector, there are encouraging examples. The Bundesbank is at the forefront of public sector digitalisation: it is using artificial intelligence in multiple ways and is among the first public institutions to move seriously into the public cloud. 

    International financial architecture, markets and instruments are changing due to ongoing economic fragmentation and technological advances. Working on the digital euro is a way for the European Central Bank System to prepare for those changes and to take an active role. 

    Given the geopolitical environment and growing cyber risks, the Bundesbank is investing in its cyber resilience, including the setting up of a new governance model for IT security.

    Allow me to expand on that.

    2 Innovation

    The Bundesbank is breaking new ground by proactively using the public cloud. This is a significant step forward for a public sector institution. As a first step, our innovative, high-performance and secure eBusiness portal for our currently over 180,000 customers – NExt – went “live” in the cloud. Customers are banks, insurances, corporates or other public sector institutions.

    At the same time, we built up a Bundesbank-owned private cloud in our computer centres for particularly sensitive data. Through our hybrid cloud strategy and investments in technological trends like artificial intelligence, we are ensuring our readiness for the challenges of today and tomorrow.

    Artificial intelligence will help us to expand our economic analyses and improve our understanding of the effects of various policy measures on inflation, employment and economic growth. 

    It also plays a pivotal role in our risk analysis efforts. 

    Take, for example, the risk controlling function and its analysis related to the many counterparties with whom the Bundesbank conducts financial transactions or purchases securities. By combining diverse sets of data and information, artificial intelligence helps us identify potential financial difficulties of a counterparty at an early stage. Given the sheer volume and complexity of the data involved, collecting and evaluating this information manually would be nearly impossible. 

    Through the strategic application of artificial intelligence, we can detect risks more quickly and with greater precision, allowing us to take timely and informed action. 

    We are also using an artificial intelligence platform that allows access to the latest language models in a secure environment. It is a chatbot that works in a very similar way to ChatGPT – only ours has different requirements, for example in terms of data governance. The requests are neither stored in the cloud nor used for training purposes.

    3 Future of Finance

    The international financial architecture, markets and instruments are currently changing due to ongoing economic fragmentation and technological advances. 

    Against this backdrop, there are several reasons in favour of the digital euro.

    The first reason is related to autonomy and sovereignty. So far, there is no sovereign pan-European solution for payment in the digital space. As a result, there is a risk that Europe will become overly dependent on US providers for critical infrastructure. A digital version of the euro renders the currency more attractive as means of payment internationally and will facilitate a start-up ecosystem around it.

    Another reason is related to efficiency. We are seeing very strong fragmentation in the European payment market and increasing concentration through international card systems that are all USbased. The digital euro establishes standards that simplify competition.

    Lastly, we also have to consider resilience. With the digital euro, we are safeguarding ourselves against competing currencies and stablecoins. The digital euro would be the next step in the development of the euro and would bring central bank money into the digital age.

    The Bundesbank is a key player in the development of a digital euro thanks, amongst other things, to its IT expertise in payment systems and in the area of tech trends. 

    4 Cybersecurity

    Cybersecurity is a decisive factor for the stability of the global economy and the functioning of our modern society. Operators of critical infrastructure, such as the Bundesbank, are under growing pressure from targeted cyber attacks.

    Of course, the Bundesbank, too, is subject to the most common types of attacks like phishing or denial of service attacks. To give you an example: on average, we receive a phishing attack every 5 minutes. 

    That’s why the principle “Secure by Design” is of crucial importance from the very beginning when developing and operating IT solutions and services.

    The Bundesbank has just rolled out a new governance model for IT security in order to create the basis for effectively counteracting growing threats. 

    Concretely, we are appointing a designated “security architect” in each Bundesbank department who serves as the go-to person for all architecture-related security concerns. The security architect will support product owners and agile teams in implementing security processes and regularly evaluating the impact of security-relevant information.

    This role is complemented by “security champions” within each product team. These champions will help maintain the required level of information security throughout the entire product lifecycle, including regular checks for new vulnerabilities.

    The governance model includes not only dedicated roles and responsibilities but also professional development and training measures for all staff in order to sensitise them to the fact that IT security is a critical discipline for everyone.

    5 Conclusion

    To conclude: By keeping up with technological developments, playing an active role in providing future forms of payment and of course safeguarding our security, the Bundesbank contributes to the competiveness of the German and European economy. 

    This is more relevant than ever in the current geopolitical context. 

    That’s why I’m thrilled to participate in this excellent conference and exchange.

    MIL OSI Economics

  • MIL-OSI Europe: Answer to a written question – Grants paid to suspended Eramet Group project – E-002578/2024(ASW)

    Source: European Parliament

    The Commission attaches utmost importance to ensuring that EU funding supports sustainable industrial development, job creation, and Europe’s strategic autonomy, whilst guaranteeing an effective use of the funds.

    The specific project mentioned has been selected for funding under the Innovation Fund, which is financed through revenues from the European Union Emissions Trading System and supports innovative low-carbon technologies.

    The Innovation Fund awards projects based on five award criteria. ‘Project maturity’ is an important one of them.

    Here, the project’s technical, financial and operational feasibility is assessed. The project in question scored highly on this metric, as well as on the other award criteria, and was thus selected as part of the 2021 Innovation Fund’s call for proposals for large-scale projects. You are invited to consult the press release[1] and Innovation Fund project dashboard[2].

    Payments from the Innovation Fund are provided subject to the project reaching pre-defined milestones. So far, no funding has been paid to the mentioned project.

    The Innovation Fund aims to support high-risk, first-of-a-kind and very innovative projects, some of which may also fail. The Commission is closely monitoring the projects that the Innovation Fund supports and aims to be a partner to industry and project developers.

    The Commission continually reflects on the effectiveness of project selection criteria, safeguards, and monitoring systems to minimise risks while ensuring that EU funding delivers its intended benefits.

    • [1] https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4402
    • [2] https://dashboard.tech.ec.europa.eu/qs_digit_dashboard_mt/public/sense/app/6e4815c8-1f4c-4664-b9ca-8454f77d758d/sheet/bac47ac8-b5c7-4cd1-87ad-9f8d6d238eae/state/analysis

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Reconsideration of the Rail Baltica project – E-002657/2024(ASW)

    Source: European Parliament

    1. The main source of European funding for the Rail Baltica project in the current multiannual financial framework ( MFF) period 2021-2027 is the Connecting Europe Facility (CEF). The maximum co-funding rates and the costs eligible for funding are set out in the CEF Regulation[1] and under certain conditions it can be up to 85%. The funding that can be provided also depends on the budget available in the facility.

    The Rail Baltica project is the biggest recipient of CEF funding. The Commission encourages all beneficiaries, including the Latvian authorities, to make best use of the resources available and progress on the implementation of the projects as set up in the respective grant agreements within the legal limits set therein. Other sources of funding, including private capital and state funding, should be explored as well.

    2. The Commission is aware of the political discussions in Latvia on financing of the project. The European Coordinator and the Commission have in their exchanges with the Latvian authorities underlined that the project needs to be planned and implemented in a way that is cost effective and sustainable for Latvia’s state budget while ensuring that Latvia meets its commitments to Estonia and Lithuania. The cost-benefit analyses of the project show a positive long-term socioeconomic return for the three Baltic countries.

    3. The Commission is committed to support the national authorities to complete the Rail Baltica project, which continues to have very high EU added value. The current geopolitical situation underlines the urgent need to connect the three Baltic states to the European rail network. A swift implementation is required.

    • [1] Regulation (EU) 2021/1153 of the European Parliament and of the Council of 7 July 2021 establishing the Connecting Europe Facility and repealing Regulations (EU) No 1316/2013 and (EU) No 283/2014.
    Last updated: 31 January 2025

    MIL OSI Europe News

  • MIL-OSI NGOs: Myanmar: Four years after coup, world must demand accountability for atrocity crimes

    Source: Amnesty International –

    The international community must take urgent action to ensure accountability for atrocities in Myanmar, 46 organizations said today ahead of the four-year anniversary of the 1 February 2021 military coup.

    This year represents a turning point for accountability in Myanmar. While the military remains in control, they are losing ground in many areas. Amid rapidly evolving patterns of hostilities and changing political dynamics, renewed efforts must push for justice and ensure a future built on a lasting culture of respect for human rights.

    Since the 2021 coup, Myanmar’s military junta has killed more than 6,000 people, arbitrarily detained more than 20,000, and renewed judicial executions. More than 3.5 million people are internally displaced. Human rights groups have documented the military’s torture and other ill-treatment of detainees, indiscriminate attacks, and the denial of humanitarian aid, which may amount to crimes against humanity and war crimes.

    Myanmar’s military junta has carried out widespread and systematic attacks against the civilian population nationwide, bombing schools, hospitals, and religious buildings with total impunity. Armed groups fighting the military have also committed human rights violations. While some have pledged to hold perpetrators accountable, it remains to be seen whether these efforts are genuine and can meet international standards.

    Last year, 2024, also marked the worst year of violence against the Rohingya community since 2017, with men, women, and children dying in bombings while being trapped in the middle of the armed conflict between the Myanmar military and the armed group the Arakan Army in Rakhine State.

    At the same time, Myanmar’s military has lost an unprecedented amount of territory across the country to a loose coalition of ethnic armed groups, which have captured two regional commands, high-ranking military officers, dozens of towns, and border crossings. These groups have also been implicated in human rights abuses.

    In areas controlled by ethnic armed groups or overseen by the National Unity Government—formed by democratically elected lawmakers and officials ousted in the 2021 coup—local structures of governance and civil society are emerging. These include schools, hospitals, administrative offices, prisons, police stations, and courts.

    Our undersigned organizations call on all parties to the armed conflict in Myanmar to comply with international humanitarian law and engage with international justice mechanisms, including the Independent Investigative Mechanism for Myanmar. All countries, including regional actors in ASEAN and neighbouring states, must increase pressure on the junta by blocking arms shipments, suspending aviation fuel shipments and supporting international justice mechanisms, including by prosecuting or extraditing any suspected perpetrators. ASEAN must move beyond its failed Five-Point Consensus and take decisive action to hold the junta accountable. We also urge the international community to commit to a coordinated, long-term international justice strategy.

    Globally, some highly anticipated international justice efforts are moving forward. In November 2024, the International Criminal Court’s (ICC) Office of the Prosecutor requested an arrest warrant for Myanmar’s Senior General Min Aung Hlaing for the crimes against humanity of deportation and persecution of the Rohingya committed in Myanmar and in part in Bangladesh between August and December 2017. Requests targeting other senior military officials are expected.

    If these requests are granted, authorities in ICC member states must urgently comply with an arrest warrant for a suspect present within their jurisdiction and hand the person over to the ICC to face their accusers in a fair trial for alleged crimes under international law. The international community must deny safe haven to those accused of serious crimes by ensuring their immediate arrest and transfer to the ICC. The world must not allow perpetrators to evade international justice.

    While the present arrest warrant request is a welcome step, it remains limited in scope, location, and time and does not cover any alleged crimes after the 2021 coup. The ICC Prosecutor should demonstrate further progress in his investigation, including considering crimes under international law committed after 2017 and in the four years since the coup. The UN Security Council and Member States of the ICC must refer the full situation in all of Myanmar to the ICC to ensure justice for all victims.

    Governments, donors, and international agencies should support and pursue a wide variety of accountability efforts, including universal jurisdiction,and the potential creation of ‘hybrid’ or similar tailored justice mechanisms. The international community must also impose a global arms embargo, suspend jet fuel exports, and engage with all relevant national stakeholders, including civil society and those most affected by crimes.

    The UN Human Rights Council resolution from April 2024 stressed the need for “close and timely cooperation” between the Independent Investigative Mechanism for Myanmar, a body established by the UN Human Rights Council to collect and preserve evidence of atrocity crimes in Myanmar for future prosecutions, and “any future investigations or proceedings by national, regional or international courts or tribunals, including by the International Criminal Court or the International Court of Justice.”

    It also requested the UN High Commissioner for Human Rights to maintain a focus on accountability regarding international human rights law, international humanitarian law, and the rule of law and submit a future report on ways to “fulfil the aspirations of the people of Myanmar for human rights protection, accountability, democracy, and a civilian government.”

    Myanmar will be discussed at the upcoming UN Human Rights Council session from 24 February to 4 April 2025. UN member states must use this opportunity to take a bold and innovative approach on Myanmar and adopt a resolution aimed at breaking the cycle of impunity for atrocity crimes. The international community must also amplify the voices of survivors, activists and the people of Myanmar who continue to resist oppression at great personal risk.

    Myanmar’s human rights crisis did not begin with the coup. Decades of oppression have led to this moment. Ending impunity requires bold and adapted solutions and long-term political and financial commitment. The world must act now.

    1. #Sisters2Sisters
    2. Ah Nah Podcast – Conversations with Myanmar
    3. Amnesty International
    4. Arakan Rohingya National Organisation
    5. Arakan Rohingya National Union
    6. Assistance Association for Myanmar-based Independent Journalists
    7. Athan – Freedom of Expression Activist Organization
    8. Blood Money Campaign
    9. Burma Action Ireland
    10. Burma Campaign UK
    11. Burma Civil War Museum
    12. Burma Human Rights Network
    13. Burma War Crimes Investigation
    14. Burmese Rohingya Organisation UK
    15. CAN-Myanmar
    16. Center for Ah Nyar Studies
    17. Chin Human Rights Organization
    18. Community Rebuilding Center
    19. Defend Myanmar Democracy
    20. EarthRights International
    21. Fortify Rights
    22. Free Rohingya Coalition 
    23. Global Myanmar Spring Revolution
    24. Human Rights Foundation of Monland
    25. Independent Myanmar Journalists Association
    26. Kaladan Press Network
    27. Karen Human Rights Group
    28. Karenni Human Rights Group
    29. Mayu Region Human Rights Documentation Center
    30. Mother’s Embrace
    31. Myanmar Ethnic Rohingya Human Rights Organization in Malaysia
    32. New Myanmar Foundation
    33. Odhikar
    34. Progressive Muslim Youth Association
    35. Political Prisoners Network – Myanmar
    36. Refugee Women for Peace and Justice
    37. Refugees International
    38. Rohingya Human Rights Initiative
    39. Rohingya Student League
    40. Rohingya Student Network
    41. Rohingya Student Union
    42. Rohingya Youth for Legal Action
    43. RW Welfare Society
    44. Sitt Nyein Pann Foundation
    45. Women Organization of Political Prisoners
    46. Youth Congress Rohingya
       

    MIL OSI NGO

  • MIL-OSI Submissions: Myanmar: Four years after coup, world must demand accountability for atrocity crimes

    Source: Amnesty International

    The international community must take urgent action to ensure accountability for atrocities in Myanmar, 46 organizations said today ahead of the four-year anniversary of the 1 February 2021 military coup.

    This year represents a turning point for accountability in Myanmar. While the military remains in control, they are losing ground in many areas. Amid rapidly evolving patterns of hostilities and changing political dynamics, renewed efforts must push for justice and ensure a future built on a lasting culture of respect for human rights.

    Since the 2021 coup, Myanmar’s military junta has killed more than 6,000 people, arbitrarily detained more than 20,000, and renewed judicial executions. More than 3.5 million people are internally displaced. Human rights groups have documented the military’s torture and other ill-treatment of detainees, indiscriminate attacks, and the denial of humanitarian aid, which may amount to crimes against humanity and war crimes.

    Myanmar’s military junta has carried out widespread and systematic attacks against the civilian population nationwide, bombing schools, hospitals, and religious buildings with total impunity. Armed groups fighting the military have also committed human rights violations. While some have pledged to hold perpetrators accountable, it remains to be seen whether these efforts are genuine and can meet international standards.

    Last year, 2024, also marked the worst year of violence against the Rohingya community since 2017, with men, women, and children dying in bombings while being trapped in the middle of the armed conflict between the Myanmar military and the armed group the Arakan Army in Rakhine State.

    At the same time, Myanmar’s military has lost an unprecedented amount of territory across the country to a loose coalition of ethnic armed groups, which have captured two regional commands, high-ranking military officers, dozens of towns, and border crossings. These groups have also been implicated in human rights abuses.

    In areas controlled by ethnic armed groups or overseen by the National Unity Government—formed by democratically elected lawmakers and officials ousted in the 2021 coup—local structures of governance and civil society are emerging. These include schools, hospitals, administrative offices, prisons, police stations, and courts.

    Our undersigned organizations call on all parties to the armed conflict in Myanmar to comply with international humanitarian law and engage with international justice mechanisms, including the Independent Investigative Mechanism for Myanmar. All countries, including regional actors in ASEAN and neighbouring states, must increase pressure on the junta by blocking arms shipments, suspending aviation fuel shipments and supporting international justice mechanisms, including by prosecuting or extraditing any suspected perpetrators. ASEAN must move beyond its failed Five-Point Consensus and take decisive action to hold the junta accountable. We also urge the international community to commit to a coordinated, long-term international justice strategy.

    Globally, some highly anticipated international justice efforts are moving forward. In November 2024, the International Criminal Court’s (ICC) Office of the Prosecutor requested an arrest warrant for Myanmar’s Senior General Min Aung Hlaing for the crimes against humanity of deportation and persecution of the Rohingya committed in Myanmar and in part in Bangladesh between August and December 2017. Requests targeting other senior military officials are expected.

    If these requests are granted, authorities in ICC member states must urgently comply with an arrest warrant for a suspect present within their jurisdiction and hand the person over to the ICC to face their accusers in a fair trial for alleged crimes under international law. The international community must deny safe haven to those accused of serious crimes by ensuring their immediate arrest and transfer to the ICC. The world must not allow perpetrators to evade international justice.

    While the present arrest warrant request is a welcome step, it remains limited in scope, location, and time and does not cover any alleged crimes after the 2021 coup. The ICC Prosecutor should demonstrate further progress in his investigation, including considering crimes under international law committed after 2017 and in the four years since the coup. The UN Security Council and Member States of the ICC must refer the full situation in all of Myanmar to the ICC to ensure justice for all victims.

    Governments, donors, and international agencies should support and pursue a wide variety of accountability efforts, including universal jurisdiction, and the potential creation of ‘hybrid’ or similar tailored justice mechanisms. The international community must also impose a global arms embargo, suspend jet fuel exports, and engage with all relevant national stakeholders, including civil society and those most affected by crimes.

    The UN Human Rights Council resolution from April 2024 stressed the need for “close and timely cooperation” between the Independent Investigative Mechanism for Myanmar, a body established by the UN Human Rights Council to collect and preserve evidence of atrocity crimes in Myanmar for future prosecutions, and “any future investigations or proceedings by national, regional or international courts or tribunals, including by the International Criminal Court or the International Court of Justice.”

    It also requested the UN High Commissioner for Human Rights to maintain a focus on accountability regarding international human rights law, international humanitarian law, and the rule of law and submit a future report on ways to “fulfil the aspirations of the people of Myanmar for human rights protection, accountability, democracy, and a civilian government.”

    Myanmar will be discussed at the upcoming UN Human Rights Council session from 24 February to 4 April 2025. UN member states must use this opportunity to take a bold and innovative approach on Myanmar and adopt a resolution aimed at breaking the cycle of impunity for atrocity crimes. The international community must also amplify the voices of survivors, activists and the people of Myanmar who continue to resist oppression at great personal risk.

    Myanmar’s human rights crisis did not begin with the coup. Decades of oppression have led to this moment. Ending impunity requires bold and adapted solutions and long-term political and financial commitment. The world must act now.

    #Sisters2Sisters
    Ah Nah Podcast – Conversations with Myanmar
    Amnesty International
    Arakan Rohingya National Organisation
    Arakan Rohingya National Union
    Assistance Association for Myanmar-based Independent Journalists
    Athan – Freedom of Expression Activist Organization
    Blood Money Campaign
    Burma Action Ireland
    Burma Campaign UK
    Burma Civil War Museum
    Burma Human Rights Network
    Burma War Crimes Investigation
    Burmese Rohingya Organisation UK
    CAN-Myanmar
    Center for Ah Nyar Studies
    Chin Human Rights Organization
    Community Rebuilding Center
    Defend Myanmar Democracy
    EarthRights International
    Fortify Rights
    Free Rohingya Coalition
    Global Myanmar Spring Revolution
    Human Rights Foundation of Monland
    Independent Myanmar Journalists Association
    Kaladan Press Network
    Karen Human Rights Group
    Karenni Human Rights Group
    Mayu Region Human Rights Documentation Center
    Mother’s Embrace
    Myanmar Ethnic Rohingya Human Rights Organization in Malaysia
    New Myanmar Foundation
    Odhikar
    Progressive Muslim Youth Association
    Political Prisoners Network – Myanmar
    Refugee Women for Peace and Justice
    Refugees International
    Rohingya Human Rights Initiative
    Rohingya Student League
    Rohingya Student Network
    Rohingya Student Union
    Rohingya Youth for Legal Action
    RW Welfare Society
    Sitt Nyein Pann Foundation
    Women Organization of Political Prisoners
    Youth Congress Rohingya.

    MIL OSI – Submitted News

  • MIL-OSI Global: DEI: workplace diversity schemes have a problem – but that doesn’t mean Trump is right to axe them

    Source: The Conversation – UK – By Louise Ashley, Senior Lecturer in Sociology of Work, Queen Mary University of London

    Donald Trump’s inauguration was marked by a doubling down against programmes of diversity, equity and inclusion (DEI). Among the executive orders he signed during his first days as US president, two were targeted at DEI. The focus was on federal government but the intention appears to be that this should also extend to other American workplaces. And it comes as Meta and Amazon are also retreating from diversity programmes.

    In Trump’s directive, DEI is said to undermine “traditional American values of hard work, excellence, and individual achievement” in favour of an “identity-based spoils system”. But the move dismayed many workers. It doesn’t just seem regressive, but it also appears to make poor business sense – advocates argue that attention to diversity and inclusion can offer higher performance and profits.

    Trump appears to believe DEI offers unfair advantages on the basis, for example, of gender or ethnicity. But an alternative view could be that DEI is a necessary response to a situation where certain groups (often men, typically white, and generally from privileged backgrounds) have benefited from unearned advantages to maintain their grip on power.

    Here, DEI is a response to the idea that simply belonging to these traditionally advantaged groups can be perceived as “talent”. This comes at the expense of typically marginalised groups, who are subject to discrimination and unconscious bias. From this perspective, hostility to DEI might be seen as a way for the traditionally privileged groups to remain dominant.

    Both sides are apparently in favour of merit as the ultimate goal, although they have different views on what this means and how it is achieved. This suggests a paradox.

    But is there any reason to worry about the widespread use of DEI? Based on my research with firms in the City of London, I think the answer is yes (though for very different reasons than the president suggests).

    This raises the question of what (or whose) purpose corporate commitments to DEI actually serve. Common sense would suggest that a primary function is to ensure people can access positions that would previously have been closed off to them.

    Yet it is also worth remembering that where, for example, more women become corporate lawyers or senior financiers, this has no bearing on wider inequalities in society. In fact, in a further paradox, my research has found that some of the organisations most likely to express their commitment to DEI are also implicated in generating these inequalities.

    I researched diversity and inclusion practices in elite financial and professional service firms. These firms have played a key role in orchestrating a form of “rentier capitalism”, where small elites control the means of generating wealth. This system has much wider detrimental effects, as where wealth is increasingly concentrated towards the top, one consequence is stagnating incomes for the middle and working classes. This in turn drives insecurity and widens the wealth gap.

    Legitimising a broken system

    This, of course, is not the fault of people working in these firms. But overall this system desperately needs legitimacy. This is more difficult when senior jobs at the centre of this model of “financialised capitalism” are mostly taken by those from historically privileged groups. Put simply, it makes them look bad.

    One way they can ensure legitimacy is to shout about their commitment to DEI. This can help suggest that the system is merit-based, as access to these “top jobs” seems fairly distributed while rewards appear justly deserved. Most recently, these impressions have been generated by a vocal commitment among these organisations to promoting “social mobility”.

    Opening access to a wider demographic, while good for the organisation and individual staff, has no impact on underlying inequalities. Yet in practice, these measures lack some efficacy. In fact, by offering an impression of change in terms of who occupies the top jobs, DEI can help legitimise and sustain an unequal status quo.

    Diversity in the workplace can strengthen an organisation.
    PintoArt/Shutterstock

    This matters for everyone because the ramifications can spread beyond the workplace. As wealth trickles up and populations grow frustrated that systems are not becoming fairer, the messages of the populist right can hold more appeal.

    Trump’s objection to DEI is very different. For him, DEI is a convenient tool in the culture wars.

    Yet this leads to the current situation, where conservatives like Trump loudly reject what might be considered a conservative agenda (in that the old economic order remains unchanged). It can all start to feel like a disorientating hall of mirrors.

    I am not suggesting, as Trump is, that governments and employers should abandon DEI. This would certainly represent a backward move. But while measures to improve inclusivity in organisations remain important and worthwhile, this should not be seen as a substitute for much wider structural change.

    Perhaps the most urgent challenge for government is tackling wealth inequality as a source of legitimate grievance. This more radical change in direction might even make reactionary and potentially harmful policies – like Trump’s take on DEI – less alluring to voters.

    Louise Ashley 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. DEI: workplace diversity schemes have a problem – but that doesn’t mean Trump is right to axe them – https://theconversation.com/dei-workplace-diversity-schemes-have-a-problem-but-that-doesnt-mean-trump-is-right-to-axe-them-248381

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: UK fire engines chosen to modernise Iraq fleet

    Source: United Kingdom – Government Statements

    Iraq’s Ministry of Interior to purchase over 60 British-made vehicles.

    • Exports minister announces that key UK export deal will help Iraq fight fires.

    • UK will provide vital support to Iraq through the provision of fire engines, with biggest overhaul of Iraqi fleet this century being financed by a UK Export Finance loan.

    • Independent businesses in Yorkshire and Ayrshire are to supply these vehicles for use across Iraq.

    Two British businesses are delivering one of Iraq’s biggest-ever investments into its emergency services thanks to a c. $31 million loan from UK Export Finance (UKEF), the government’s export credit agency.

    The loan allows Iraq’s Ministry of Interior to purchase 62 British-made fire-fighting vehicles each capable of carrying up to 6,500 litres of water and 500 litres of foam.

    Promoting investment into local businesses and employers, the partnership supports this government’s Plan for Change to boost economic growth across all regions.

    Ayrshire-headquartered Emergency One and Batley-based Angloco have been selected to supply vehicles for Iraq’s Civil Defence Directorate.

    Emergency One, the UK’s leading manufacturer of fire and rescue vehicles, supplies over 90% of the UK’s fire and rescue services and continues to grow its international presence. Angloco, a well-established SME, exports to over 70 countries worldwide. Both companies bring significant expertise and innovation to this contract, further strengthening their impact in the Gulf region.

    Frequent outbreak of fires in Iraq, particularly during the summer months, can cause devastating effect to businesses, communities, and key infrastructure.

    By helping buyers to purchase UK exports more easily, UKEF loans secure large contracts with favourable payment terms for British businesses – including small businesses likely to need payment upfront before they can deliver a contract. 

    J.P. Morgan acted as both Sole Mandated Lead Arranger and agent bank for the loan.

    Gareth Thomas, UK Minister for Exports, said:

    We have a Plan for Change to help grow our economy and support workers right across the country, and that’s precisely what these deals are about.

    Shining a spotlight on cutting edge tech and highly skilled jobs, this announcement shows the UK’s exporting potential and manufacturing strength.

    His Excellency Abdul Amir Al-Shammari, Iraq Minister of Interior, said:

    The Government of Iraq is contracting with British companies through the UKEF Loan to import specialized firefighting vehicles for the Directorate of Civil Defence.

    This will contribute significantly to the strengthening of the Directorate’s capabilities through the use of high-quality vehicles. This demonstrates the continuous support received by the Directorate by the UK and will improve our ability to tackle fire incidents.

    John Meakin, Global Head of Export Finance at J.P. Morgan, said:

    J.P. Morgan is delighted to support the finance of firefighting equipment from the UK to the Republic of Iraq.

    This is the latest UKEF deal giving businesses the support they need to deliver contracts and drive change at home in the UK and overseas in Iraq. In 2023, a UKEF guarantee helped British firms to secure over £100 million in export contracts to support the installation of 350km in drainage infrastructure around Hillah city.

    Contact 

    Media enquiries:

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Asian Development Blog: As Nations Reshore, ASEAN Should Explore Trade, Digitalization and Connectivity

    Source: Asia Development Bank

    The Association of Southeast Asian Nations should leverage trade, tourism, and digitalization to foster economic resilience and sustainable growth amid global economic uncertainty.

    There is a growing sense that the global economy is moving towards a more competitive era as countries are reshoring. Many are bringing their supply chains back home to reduce risks from disruptions. Others are deploying tariffs and other barriers to advance their domestic agenda. 

    Issues around climate change and rivalry around frontier technology (artificial intelligence, big data, internet of things) are increasingly being discussed as issues of national security. 

    To address these issues, the 10 countries of the Association of Southeast Asian Nations (ASEAN) must work collectively to achieve their goals of a better economic future of their people and the protection of their national interest. A particular focus on trade, digitalization and connectivity is needed.

    Trade is likely to be focused on services, which covers cross-border transactions under finance, telecom, travel, transport and other business services, like professionals and consultancy services. Each of these plays an important role in ASEAN countries in terms of job creation and economic growth. Post-COVID-19, in the face of a slowdown in goods trade, trade in services showed positive momentum and even positioned ASEAN as a net exporter of services. 

    Travel services, particularly, hold promise for ASEAN as it underscores ASEAN’s attractiveness as a tourist destination. Hence, while aiming to deliver a competitive tourism sector, the ASEAN countries are expected to collectively work on tourism enablers like infrastructure, skills development, marketing promotion, product development and others to increase intra-regional travel in ASEAN, which currently constitutes more than 40% of ASEAN’s total international tourism, adding to the economic resilience of the region.

    The digital economy (including e-commerce, e-health, e-payments, customs automation) at the regional level is expected to grow from $300 billion to almost $1 trillion by 2030. This is reported to reach $2 trillion if the right kind of digital connectivity policies are put in place through regional cooperation. 

    Member countries should consider their collective actions as a regional public good, where benefits from greater trade, travel, digitalization, and connectivity will deliver on sustainable and resilient outcomes for people residing in the region.
     

    The Digital Economy Framework Agreement is a key element of this cooperation. It centers around digital standards, data flow, cybersecurity, digital trade, talent mobility and other digital public infrastructure. 

    Additional benefits from digital cooperation are expected through positive climate impact, creating $12-30 billion in social cost savings, enhancing resilience, creating new employment and improving accessibility of people to educational and healthcare resources. 

    Finally, connectivity that is both physical and institutional in nature is expected to serve the economic competitiveness of ASEAN countries, raising their capacity to engage better with bigger economies of Asia and elsewhere. Sustainable infrastructure – clean energy, low-carbon transport and improved energy efficiency for urban infrastructure – is gaining traction. 

    Combining this with greater cooperation around digitalization, seamless cross-border logistics and supply chains, facilitating the cross-border movement of goods, services and people will safeguard the environment and foster resilience of the countries in the region. 

    The collective thinking about sustainable infrastructure is helpful for ASEAN member countries that have committed to the Paris Agreement and have submitted their Nationally Determined Contributions targeting net zero carbon dioxide (CO2) emissions by 2050 and net zero greenhouse gas emissions by 2065, to limit temperature increases of no more than 1.5°C.

    It is opportune for ASEAN policymakers to think afresh on ways to work together. Although there are signs of economic fragmentation at a global level, there are also areas that require cross-border cooperation. 

    Economic independence has grown over time in the region. With emerging pressing issues of digitalization and climate change, mismanaged interdependence may result in costs and lead to economic setbacks. 

    Therefore, for the next term of ASEAN regional cooperation 2045, the member countries should consider their collective actions as a regional public good, where benefits from greater trade, travel, digitalization, connectivity will deliver sustainable and resilient outcomes for people in the region. 
     

    MIL OSI Economics

  • MIL-OSI United Kingdom: expert reaction to UK’s 2035 Nationally Determined Contribution (NDC) emissions reduction target under the Paris Agreement

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on the UK’s Nationally Determined Contribution (NDC) emissions target. 

    Prof Joeri Rogelj, Director of Research at the Grantham Institute – Climate Change and Environment, Imperial College London, said:

    “The UK’s new NDC sends a clear signal of the UK’s intention to reclaim international climate leadership.

    “With an 81% reduction from 1990, the NDC follows the advice of its scientific advisory committee that sketches out a fair and ambitious contribution of the UK to the Paris Agreement.

    “NDCs are pledges, however, and not policies.  Here the UK will have to step up because its current policies fall far short of what is needed to meet their current targets.”

    Dr Robin Lamboll, Research Fellow at the Centre for Environmental Policy, Grantham Institute – Climate Change and Environment, Imperial College London, said:

    “The UK’s NDC doesn’t have any nasty surprises.

    “It continues our recent trend of successfully reducing emissions, though does little to make up for our historic consumption.

    “It represents a continued plodding onwards with the job of decarbonising our economy, and while not particularly inspiring, instils some normality in the mechanics of the Paris agreement.”

    https://www.gov.uk/government/publications/uks-2035-nationally-determined-contribution-ndc-emissions-reduction-target-under-the-paris-agreement

    https://questions-statements.parliament.uk/written-statements/detail/2025-01-30/hcws404

    https://unfccc.int/sites/default/files/2025-01/UK%27s%202035%20NDC%20ICTU.pdf

    Declared interests

    Dr Robin Lamboll: “No conflicts.”

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Money MOTs and multi-million-pound support benefits thousands more residents needing cost of living help

    Source: City of Stoke-on-Trent

    A total of 4,170 people have now undergone Money MOTs in Stoke-on-Trent – leading to £2.1 million in unclaimed benefits being identified.

    Everyone in the city is entitled to the free financial service – which was launched in September 2023 – and helps residents make sure they are receiving all the benefits they may be entitled to.   

    They are delivered for the council through Citizens Advice and other partners, including Saltbox and Disability Solutions, and are funded through the Government’s UK Share Prosperity Fund (UKSPF).

    Latest cost of living figures also show that a further 118 people have claimed Guaranteed Pension Credit following a council push to help eligible residents claim for it.  

    Since the start of October, letters have been sent out to residents who the council has identified as potentially being eligible for Pension Credit to encourage them to make a claim.

    Pension Credit take-up has also been promoted through social media and other council media channels and newsletters. Meanwhile, city council housing and revenue, benefits and financial assessment officers are helping to signpost people towards support.

    However, it is estimated there are still hundreds of people in the local community who are not receiving Pension Credit who are entitled to it – and they are being encouraged to apply.

    Meanwhile, the council has supported 33,991 households with vital cost-of-living help since the start of October 2024.

    In the last four months, the council has provided £1.5 million of funding to help families with food, fuel, energy vouchers, essential furniture and white goods, and general support.

    A total of £765,600 of this has been used to support 19,140 children and families with £40 food vouchers over the Christmas period.

    The funding is part of the latest £2.6 million tranche of Household Support Fund (HSF) money that the city council has been allocated by the Government. The remainder of the pot will be spent by the end of March. 

    It follows on from £2.6 million in HSF money being used to support 35,411 households for the six months from April to September 2024.

    Councillor Sarah Jane Colclough, cabinet member for education and anti-poverty at Stoke-on-Trent City Council, said: “It is great news that we have been able to support thousands more people through the vital money provided through the Household Support Fund.  

    “In addition, the thousands of people who have benefitted from undergoing the Money MOTs will make a massive difference as the cost of living continues to hit home.

    “It is also goods to see that more people have been encouraged to apply for Pension Credit over the last few weeks.

    “However, there are many more in the city who are entitled to it and are still not claiming, for whatever reason. We will continue to raise awareness and encourage them to do so and support individuals and families in many other ways too.”

    Further extensive cost of living support is available through initiatives such as the city council’s Help is at Hand campaign, which brings together public services, community and voluntary sector groups to help residents and businesses.

    Since it launched in 2023, it has supported more than 5,500 people with a range of advice and assistance.

    To help residents, the city council has brought information together on one central page at: www.stoke.gov.uk/helpisathand.

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai’s response to Pope Francis’s 2025 World Day of Peace message  

    Source: Republic of China Taiwan

    Details
    2025-01-17
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-01-17
    President Lai meets delegation to 60th Inaugural Ceremonies of US president and vice president
    On the morning of January 16, President Lai Ching-te met with Taiwan’s delegation to the 60th Inaugural Ceremonies of the President and Vice President of the United States. In remarks, President Lai stated that democratic Taiwan stands united, working hard to deepen Taiwan-US ties together. He then entrusted the delegation with three missions: to convey best wishes from the people of Taiwan, convey our firm commitment to democracy, and help Taiwan-US relations reach a new milestone. A translation of President Lai’s remarks follows: The 60th Inaugural Ceremonies of the President and Vice President of the US will be held on January 20. I want to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, for accepting my invitation to lead our nation’s representative delegation to the event. I also thank Legislative Yuan Members Ko Chih-en (柯志恩), Wang Ting-yu (王定宇), Ko Ju-chun (葛如鈞), Lee Yen-hsiu (李彥秀), Chen Kuan-ting (陳冠廷), Kuo Yu-ching (郭昱晴), and Chen Gau-tzu (陳昭姿) for joining this visit to the US to attend the inauguration of President Donald Trump and Vice President J.D. Vance. We have gathered together today despite differences in party affiliation because in democratic Taiwan, while parties may compete domestically, when it comes to engagement externally, they stand united and share responsibility, working hard to deepen Taiwan-US ties and strive for the best interests of the nation. We share the value of defending freedom and democracy, and we share the goal of advancing peace and prosperity. Today, we engage with the world together as those from the same country – the Republic of China (Taiwan). In this complex and volatile new international landscape, and as the nation faces difficulties and challenges, I want to stress that in Formosa, there is no hostility that cannot be let go, and no hardship that cannot be overcome. Unity is the most important, and I hope that Taiwan can stand united, because there is true strength in unity. Democratic Taiwan must stand united in engaging with the world and initiate exchanges with confidence. On that ground, I am entrusting this delegation with three key missions. First, convey best wishes from the people of Taiwan. Just last year, Taiwan and the US celebrated the 45th anniversary of the passage of the Taiwan Relations Act. And on May 20, the US sent a senior bipartisan delegation to congratulate me and Vice President Bi-khim Hsiao on our inauguration. As the leader of this cross-party delegation, Speaker Han must clearly convey the well-wishes of the people of Taiwan, congratulate President Trump and Vice President Vance on their inauguration, and wish success to the new administration and prosperity to the US. Second, clearly convey the firm commitment of the people of Taiwan to democracy. The theme of these inaugural ceremonies is “Our Enduring Democracy: A Constitutional Promise.” Taiwan and the US share the universal value of democracy and are staunch allies. I hope that the delegation can faithfully convey the firm commitment to democracy that the people of Taiwan have, which will not change even in the face of authoritarian threats. Taiwan is willing to stand side by side with the US and other members of the democratic community to defend the sustainable development of global democracy and prevent the expansion of authoritarianism. Third, help Taiwan-US relations reach a new milestone. In recent years, Taiwan-US relations have continued to grow, with the first agreement under the Taiwan-US Initiative on 21st Century Trade having formally taken effect last month. This morning, the House of Representatives also passed the US-Taiwan Expedited Double-Tax Relief Act. I hope that the delegation can help Taiwan-US relations reach a new milestone through these exchanges so that our relations continue to grow, our cooperation expands even more, and so that we can achieve even greater success after the new administration takes office. Four years ago, Taiwan’s representative to the US inaugural ceremonies was Vice President Hsiao, who was then our representative to the US. Everyone has a lot to learn from her. I have specially invited everyone here to converse so that you can draw from Vice President Hsiao’s experience and ensure an even smoother visit. Washington, DC was also hit by a rare blizzard recently, and the weather has been very cold, so make sure to stay warm. I am sending everyone off with hand warmers and thermoses so that you can bring some warmth from Taiwan with you on your journey. And I ask that Speaker Han exercise his wisdom to help generate some warmth between the ruling and opposition parties through cooperation, which they can then bring back to Taiwan. Let us unite to give our all for diplomacy so that we can unite to give our all for Taiwan. I wish the delegation a smooth and safe trip, and hope your missions can be carried out successfully. Speaker Han then delivered remarks, stating that it was an honor to be invited by President Lai to organize a delegation to represent our nation at the 60th Inaugural Ceremonies of the President and Vice President of the US in Washington, DC, and express the Republic of China’s sincere and cordial best wishes. The Legislative Yuan’s president has assumed this important task numerous times in the past, he said, not only to represent the government of the Republic of China, but also to take on the mission of conveying the voices of 23 million people. He went on to say that he is honored to take up the baton, lead eight legislators to the US to attend this celebration that will attract global attention, and express sincere best wishes to newly elected President Trump, Vice President Vance, and the new administration’s team. As enjoined by President Lai, he hopes the delegation’s trip will help open a new chapter in Taiwan-US exchanges. Speaker Han stated that the US is the most free and democratic country in the world. He noted that in 1776 in the US Declaration of Independence, founding father Thomas Jefferson propounded the concept of “unalienable rights,” and emphasized that the people have a right to freedom and the pursuit of happiness, democratic ideas that have long been rooted in the people’s hearts. Today, he said, democracy is also embedded in the DNA of Taiwan’s 23 million people, and this hard-won democratic achievement is a result of the concerted efforts of our pioneering predecessors, thinkers, and activists over the past 100 years. Speaker Han stated that during this visit, the Legislative Yuan delegation hopes to convey the voice of Taiwan as a democratic country. Taiwan’s security, he said, is like the four legs of a table: The first leg is defending the Republic of China, the second is defending freedom and democracy, the third is maintaining Taiwan-US relations, and the fourth is maintaining cross-strait peace. The delegation will travel to the US amidst severe cold weather to show that we value our relationship with the US, and our citizens have great hopes and expectations. Speaker Han stated that this will be a cross-party delegation of eight legislators, all of whom have a strong sense of mission. He hopes that all democratic nations will acknowledge Taiwan’s importance, and pay attention to Taiwan’s 23 million people. The delegation, he said, will do its utmost to convey the goodwill and warmth that the people of Taiwan give to each and every one of our good friends.

    Details
    2025-01-17
    President Lai confers decoration on former Lithuanian Foreign Minister Gabrielius Landsbergis
    On the morning of January 14, President Lai Ching-te conferred the Order of Brilliant Star with Special Grand Cordon upon former Minister of Foreign Affairs Gabrielius Landsbergis of the Republic of Lithuania in recognition of his remarkable contributions to deepening Taiwan-Lithuania relations. In remarks, President Lai thanked former Minister Landsbergis for standing firmly with Taiwan and remaining a staunch defender of democratic values, yielding fruitful cooperative results. The president expressed hope that the two countries will engage in even more cooperation and exchanges in such areas as the economy, trade, technology, and culture, and continue to advocate for the values of freedom and democracy so that together we can contribute even more to our nations’ development and to peace and prosperity throughout the world. A translation of President Lai’s remarks follows: Today, by conferring the Order of Brilliant Star with Special Grand Cordon upon former Minister Landsbergis, we recognize his outstanding contributions during his time as foreign minister of Lithuania. On behalf of the people of Taiwan, I thank him for the key role he has played in deepening Taiwan-Lithuania relations. During the COVID-19 pandemic, thanks to the efforts of former Minister Landsbergis, Lithuania was the first European nation to donate vaccines to Taiwan. On that occasion, he stated that “freedom-loving people should look out for each other.” His statement was very moving and left a deep impression on many Taiwanese people. We will never forget it. Former Minister Landsbergis has continued to express the spirit of those words through his concrete actions. With his staunch support, Taiwan and Lithuania have mutually established representative offices. Moreover, our representative office in Lithuania was the first in Europe to incorporate “Taiwan” in its name. As for bilateral cooperation, Taiwan and Lithuania have seen fruitful results in such fields as semiconductors, laser technology, finance, and medicine. Be it overcoming the challenges posed by the pandemic or resisting expanding authoritarianism, former Minister Landsbergis has stood firmly with Taiwan and remained a staunch defender of democratic values. We greatly admire and appreciate his spirit. Today, authoritarian regimes continue to converge, posing threats and challenges to democracies around the world. Taiwan, Lithuania, and other democratic countries must come closer together, drawing on the strength of unity, so as to jointly safeguard freedom and democracy and uphold the rules-based international order. Looking ahead, we hope that Taiwan and Lithuania will engage in even more cooperation and exchanges in such areas as the economy, trade, technology, and culture. Let us continue to advocate for the values of freedom and democracy. Together, we can contribute even more to our nations’ development and to peace and prosperity throughout the world. In closing, I once again thank you, former Minister Landsbergis, for your support and for all that you have done for Taiwan. We welcome you and your wife to visit often. I wish you both a smooth and successful visit in Taiwan, and hope you leave with lasting memories.    Former Minister Landsbergis then delivered remarks, saying that it is a great honor to receive the decoration today. He noted that only partially can he accept the honor, as there have been many people who worked together with him in the ministry and in the whole country who support the people of Taiwan and see the benefit of supporting democracy in Taiwan. He often says that in Lithuania they remember well the fight for their freedom, and just today, he mentioned, he was shown the permanent exhibition in the Presidential Office, where he saw similar pictures of Taiwanese people fighting for democracy. He emphasized that not even one generation has passed since these events took place here in Taipei or similar events took place in Vilnius. Former Minister Landsbergis said that decision-makers in the Lithuanian government are either people who were themselves fighting for freedom, or, as in his case, those who were sitting on the shoulders of parents who were fighting for freedom. So for them, he underlined, freedom, democracy, liberty, and sovereignty are very real concepts that they cherish, not just things read about in a history book. He said that this is the main connector between Lithuania and Taiwan, a feeling of freedom and support for each other. Former Minister Landsbergis stated that in the face of authoritarians who do not wish us prosperity, who do not wish us freedom and future achievements, what he expects from the future is that the friendship, collaboration, and mutual support between Lithuania and Taiwan will inspire others to join in. This, he said, will make other countries not be afraid to support freedom and democracy, and will allow our group of friends to continue to grow. Lithuanian history, the former minister said, is difficult, and a big part of it was fighting for their freedom. He explained that during the 19th century when Lithuania was part of Russia’s empire, they had several revolutions and uprisings with the aim of becoming free, and that they were fighting for that freedom alongside Poland and Belarus. He then applied a phrase that they used in the revolution of 1864 – “for your freedom and ours,” meaning that they will continue to fight for their freedom while helping Taiwan fight for ours. Also in attendance at the ceremony were former Minister Landsbergis’ wife Dr. Austėja Landsbergienė and Lithuanian Representative to Taiwan Paulius Lukauskas.

    Details
    2025-01-17
    Presidential Office thanks White House for its statement on enduring US commitment to Indo-Pacific region
    On January 10 (US EST), the US White House released a statement on the United States’ Enduring Commitment to the Indo-Pacific Region, in which it reaffirms its position of using a range of methods to help Taiwan maintain a sufficient self-defense capability so as to maintain peace and stability in the Indo-Pacific region and across the Taiwan Strait. Presidential Office Spokesperson Karen Kuo (郭雅慧) on January 11 expressed sincere gratitude to the US government for taking concrete actions to fulfill its security commitments to Taiwan, advancing the close Taiwan-US security partnership, and supporting Taiwan in its efforts to enhance its self-defense capabilities and resilience. Spokesperson Kuo stated that the deepening Taiwan-US security partnership is a critical cornerstone for peace and stability in the Indo-Pacific region. She noted that Taiwan, as a force for good and regional stability, will continue to work alongside like-minded countries to strengthen defense resilience as we jointly defend the values of freedom and democracy and ensure the peace, stability, and prosperity of the Indo-Pacific region.

    Details
    2025-01-17
    President Lai meets Ronald Reagan Presidential Foundation and Institute delegation
    On the morning of January 9, President Lai Ching-te met with a delegation from the Ronald Reagan Presidential Foundation and Institute (RRPFI). In remarks, President Lai thanked RRPFI President David Trulio and members of RRPFI for remaining undaunted by China’s threats and sanctions, and lending great support to Taiwan. He emphasized that facing the continued expansion of authoritarianism, Taiwan will actively implement the Four Pillars of Peace action plan to preserve regional peace and stability, safeguard the values of democracy and freedom, and advance worldwide prosperity and development. President Lai expressed hope that they can continue to collaborate to promote the development of Taiwan-United States relations and put RRPFI’s principles into practice. A translation of President Lai’s remarks follows: First, let me warmly welcome President Trulio, who is leading this delegation from RRPFI to Taiwan. And on behalf of all the people of Taiwan, I want to extend our heartfelt condolences in wake of the ongoing fires in California. I hope that they can be put out swiftly so that harm is reduced, and I hope that those who are injured are able to receive timely help. President Reagan was a staunch friend of Taiwan. The Six Assurances he put forward in 1982 and the Taiwan Relations Act passed by Congress in 1979 form the bedrock of Taiwan-US relations. The incorporation of the Six Assurances into the Asia Reassurance Initiative Act of 2018 further established bipartisan, bicameral, and cross-agency US support for Taiwan. With authoritarianism continuing to expand, President Reagan’s conviction of peace through strength is proving to be especially crucial as democracies unite to protect freedom, democracy, peace, and the rules-based international order. RRPFI honors President Reagan’s legacy by championing such principles as individual liberty, economic opportunity, global democracy, and national pride. Many of you have served previous US administrations as part of national security teams, and many of you are longstanding friends of Taiwan. I sincerely hope that we can continue to collaborate to promote the development of Taiwan-US relations and put RRPFI’s principles into practice. I also want to extend particular gratitude to President Trulio and RRPFI for lending great support to Taiwan. Undaunted by China’s threats and sanctions, you warmly welcomed former President Tsai Ing-wen to the Ronald Reagan Presidential Library during her stopover in California in April 2023 and arranged a delegation to visit Taiwan in October of the same year. As for the continued expansion of authoritarianism, Taiwan will meet it head on, and uphold President Reagan’s spirit of peace through strength. We will actively implement the Four Pillars of Peace action plan by strengthening national defense, building economic security, and demonstrating stable and principled cross-strait leadership, as well as promoting values-based diplomacy. Bolstering Taiwan’s cooperation with the US and other democracies will preserve regional peace and stability, safeguard the values of democracy and freedom, and advance worldwide prosperity and development. President Trulio then delivered remarks, first thanking President Lai for his warm welcome and saying that he and the delegation are deeply honored to be with him in Taiwan, along with so many top leaders in his administration. President Trulio added that they are proud to advance President Reagan’s legacy and timeless principles, and our collective shared values. President Trulio indicated that President Reagan visited Taiwan twice before he became president. Acknowledging what President Lai stated, he noted that it was President Reagan’s administration that developed what became known as the Six Assurances, a framework that to this day serves as the foundation of relations between the US and Taiwan. More broadly, President Trulio said, President Reagan knew that America’s strength and the strength of its allies and friends are key to global peace, prosperity, and security. He said President Reagan also knew that societies that provide economic opportunity and democracy offer a better life for their citizens. In fact, he stated, President Reagan said that freedom is not the sole prerogative of a lucky few, but the inalienable and universal right of all human beings. President Trulio went on to say that Taiwan’s open society and thriving democracy make the commitment to freedom here plain for all to see. President Trulio noted that RRPFI had the honor of visiting Taipei in October 2023, when the delegation met then-President Tsai. He said that their return visit to Taipei at the start of 2025 comes at a crucial time, and that part of what makes that timing so significant is that there will be a new administration inaugurated in Washington in about 10 days. Over the course of their visits to Taiwan, President Trulio said, it has been plain to see that Taiwan stands strong as a vibrant democracy, with political parties sharing a commitment to democratic principles. He said it is also plain to see that Taiwan’s advanced economy and global technological leadership present positive opportunities for the US. He added that it is also plain to see that the security situation across the Taiwan Strait demands a continued commitment to peace through strength, including through robust partnership with Taiwan and sustained US deterrence. President Trulio stated that he looks forward to addressing the opportunities and challenges facing Taiwan and the US, and is confident that together, we will further well into the future our shared commitment to freedom and democracy, economic opportunity, and security and stability. The delegation also included RRPFI Washington Director Roger Zakheim, Director of the Alexander Hamilton Center for Classical and Civic Education at the University of Florida William Inboden, Palantir Technologies Senior Counselor Jamie Fly, former Deputy White House Staff Secretary Catherine Bellah, Anduril Industries Policy Director Dustin Walker, Hudson Institute Adjunct Fellow Alexander Benard, RRPFI Policy Director Rachel Hoff, and RRPFI Digital Strategy and Communications Director James Rogers.

    Details
    2025-01-01
    President Lai delivers 2025 New Year’s Address
    On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Taiwan Global Pathfinders Initiative is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: African Development Bank Partners with AXIAN Telecom to Accelerate Africa’s Digital Transformation

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, January 31, 2025/APO Group/ —

    The African Development Bank (www.AfDB.org) has approved a $160 million senior corporate loan to support AXIAN Telecom to expand digital access and financial inclusion in nine African countries. The loan will accelerate the modernization and expansion of AXIAN Telecom‘s network infrastructure, with a focus on 4G and 5G deployment; while also driving digital innovation in its operations, enabling them to expand to more countries.

    AXIAN Telecom, headquartered in Mauritius, serves 42.9 million mobile subscribers, 11.4 million data users, and 15.2 million mobile financial service users, positioning itself as a leader in Africa’s digital transformation.

    A key focus of the funding is to address gender disparities in access to financial services. Over $10 million will be dedicated to empowering 22,000 women entrepreneurs in Madagascar through AXIAN’s Mvola platform. Additionally, a $2.5 million grant will enhance financial literacy and credit access for 34,000 women businesses across Madagascar, Tanzania, and Senegal, enabling them to grow and transition into the formal economy.

    Highlighting the initiative’s importance, the African Development Bank’s Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor, said: “This investment reflects the African Development Bank’s commitment to driving Africa’s digital transformation and fostering inclusive growth. By supporting AXIAN Telecom’s growth plan, we are bridging the digital divide, creating opportunities for millions across the continent, and fostering innovation.”

    Quaynor described the African Development Bank’s support as part of a partnership to accelerate progress, advance financial inclusion—particularly for women—and drive sustainable development, adding, “Together, we are building the infrastructure and ecosystems that will enable Africa to thrive in the digital age.”

    AXIAN Telecom CEO, Hassan Jaber said, “We are honoured to partner with an organisation that shares our vision of advancing Africa’s digital economy. The funding from the African Development Bank not only underscores the immense digital potential of the continent but also highlights the critical role of collaboration in driving sustainable development.”

    Jabaer emphasized that the support from the African Development Bank will build on the company’s ongoing initiatives, such as expanding affordable internet access and fostering innovative solutions to bridge the digital divide. while aligning seamlessly with the recent transformation of our mobile businesses under the Yas brand (http://apo-opa.co/4hx2sd7).

    « Yas represents our commitment to empowering a young, dynamic, and digitally connected population, embracing every opportunity with a resounding ‘YES.’ Together, this collaboration will help drive meaningful change across Africa’s digital landscape, furthering our shared mission of digital and financial inclusion,” he added.

    The partnership aligns with the African Development Bank’s “Hi-5” development priorities, particularly “Industrialize Africa” and “Integrate Africa”, which enhance connectivity, foster cross-border digital services, and support financial inclusion.

    MIL OSI Africa

  • MIL-OSI: SBM Offshore completes the Share Purchase Agreements with MISC Berhad

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, January 31, 2025

    SBM Offshore confirms it has completed the transactions related to the Share Purchase Agreements announced on September 6, 2024 with its partner MISC Berhad for:

    i)   the acquisition of MISC Berhad’s entire effective equity interest in the lease and operating entities related to the FPSO Espirito Santo in Brazil; and

    ii)   the full divestment to MISC Berhad of SBM Offshore’s effective equity interest in the lease and operating entities of the FPSO Kikeh in Malaysia.

    This transaction furthers SBM Offshore’s efforts to rationalize our portfolio to ‘maintain focus and excellence’ of our operations.        

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
    More than 7,400 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Full Year 2024 Earnings   February 20 2025
    Annual General Meeting   April 9 2025
    First Quarter 2025 Trading Update   May 15 2025
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025

    For further information, please contact:
    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation
    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer
    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impact, Risk and Opportunity Management’ section of the 2023 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website https://www.sbmoffshore.com/investors/financial-disclosures.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.

    Attachment

    The MIL Network

  • MIL-OSI: MEXC Zero-Fee Event for European Traders: 108 Spot Pairs and All EUR Spot Trading Pairs

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Jan. 31, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, is excited to launch a limited-time Zero-Fee Event for European traders. During this limited-time promotion, all EUR Spot trading pairs, as well as a total of 108 Spot trading pairs, will be offered with zero fees, providing exceptional trading opportunities and cost savings for the European cryptocurrency community.

    Event Details

    The Zero-Fee Event will run from January 23, 2025, to March 31, 2025. During this period, all EUR Spot trading pairs will have 0% maker and taker fees. This promotion is available to all MEXC users.

    In addition to EUR Spot pairs, MEXC is also offering zero fees for other trading pairs in Europe.
    MEXC offers a total of 108 Spot trading pairs, including:

    • 81 pairs with USDC
    • 5 pairs with USDT
    • 22 pairs with EUR

    MEXC will also offer 29 Futures trading pairs as part of the zero-fee event.

    User-Centered Benefits for European Traders

    According to the latest TokenInsight research report, MEXC demonstrated considerable growth and market presence in 2024, securing a spot among the top 6 in Spot trading and the top 5 in derivatives trading.

    The report reveals that MEXC’s market share in the Spot market increased by approximately 9%, reaching 11.6% compared to 2023. In the derivatives market, MEXC also achieved a 10.4% year-over-year growth in market share, the largest increase among major exchanges. This growth is fueled by MEXC’s low fees, exclusive trading events, and flexible token listing strategy.

    As Europe is a key market for MEXC, the platform is offering the Zero-Fee Event as a way to give back to European traders, helping them reduce trading costs and maximize their profit potential.

    Beyond this event, MEXC delivers four key advantages that have earned the trust of over 30 million users across 170+ countries:

    M: Most Trending Tokens
    MEXC has over 3,000 token listings and almost lists new tokens daily, offering users a wide range of options and the ability to stay on top of the latest market trends.

    E: Everyday Airdrops
    MEXC brings users frequent rewards and opportunities. In 2024 alone, the platform completed 2,293 airdrops, distributing over $136 million in rewards.

    X: Xtremely Low Fees
    MEXC offers highly competitive trading fees, allowing users to significantly reduce their costs compared to industry standards.

    C: Comprehensive Liquidity
    With deep market depth and high liquidity, MEXC ensures efficient and seamless execution of every transaction, even in volatile markets.

    MEXC states that it will continue to prioritize innovation and user experience, launching new tools and services that meet the needs of global traders, with the aim of making cryptocurrency trading simpler and more profitable for every trader.

    For more details on the event and its rules, please refer to the Event Announcement.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9886c09c-dd1c-4df2-90f9-f0ebe65f2479

    The MIL Network

  • MIL-OSI United Kingdom: £200 million boost to transform neighbourhood policing

    Source: United Kingdom – Executive Government & Departments 3

    Funding to kickstart the delivery of 13,000 more neighbourhood police officers has been doubled to £200 million to make the country’s streets safer.

    Getty Images

    Forces across England and Wales will now be given hugely increased resources to begin their recruitment to boost neighbourhood policing teams, helping to ensure that the government’s target for additional personnel is met by 2029.

    After years of declining officer presence on Britain’s streets, this investment represents a crucial first step in rebuilding neighbourhood policing. This doubled funding – increased from December’s provisional £100 million commitment – reflects the scale of the challenges that many forces face, as well as the government’s determination to address them.

    As part of a wider billion-pound boost to policing, this dedicated funding will strengthen local crime prevention and community safety. One of the government’s key pledges within its Plan for Change is that every neighbourhood will have a named, contactable officer, helping to restore the local knowledge and presence that effective neighbourhood policing demands.

    These extra officers will see a return to the principles of British policing – where officers are part of the communities they serve and are focused on tackling crimes like antisocial behaviour, theft and knife crime that are blighting our communities.

    Home Secretary Yvette Cooper said:

    This major investment marks a turning point for policing in this country. By doubling extra neighbourhood funding to £200 million, we are giving forces across the country what they need to put more officers and PCSOs [police community support officers] where they’re needed most – on our streets and in our town centres.

    Every neighbourhood deserves dedicated officers who know their patch, understand residents’ concerns and can tackle problems before they escalate. This investment, alongside new powers we are bringing into law, will help prevent crime and protect our communities, which is at the heart of our Plan for Change.

    Restoring local policing will not happen overnight, but this funding boost will get more officers into our town centres and rural areas.

    Forces across England and Wales will be able to boost their local policing teams with this investment, scheduled for next financial year. Each force will set out their plans to government by early spring, showing how they’ll use their allocation to increase visible patrols.

    The rebuilding of local, visible policing in all our communities will be supported by the government’s new Police Standards and Performance Improvement Unit and new standards for neighbourhood policing. In addition to thousands more personnel in neighbourhood policing roles, the government will continue to help forces to protect officer numbers.

    Alongside more officers on the ground, the upcoming Crime and Policing Bill will give these officers the tools they need to keep our streets safe, including enhanced powers such as respect orders to tackle antisocial behaviour and shoplifting effectively. This investment, combined with new powers and local control over resources, marks the start of a long-term commitment to restore visible policing across the country.

    Chief Constable Gavin Stephens, National Police Chiefs’ Council Chair, said:

    We welcome the investment in neighbourhood policing, which is a vital part of how we engage with our communities, building trust and confidence locally.

    Working with our communities and partners to problem solve, tackle antisocial behaviour, supporting victims of domestic abuse, and diverting young people from offending are just some examples of the challenging and rewarding work officers do.

    Visibility and engagement with local communities has always been central to the British policing model and police leaders are in agreement that it must always remain at the heart of what we do.

    Neighbourhood Watch CEO John Hayward-Cripps said:

    Neighbourhood Watch is delighted that the government is further increasing the investment in neighbourhood policing.

    With the increased demands on the police, and public confidence at a low point, a focus on neighbourhood policing is key to the police being visible, approachable, and engaging proactively with the public.

    This injection of investment will increase public confidence in the police and enhance feelings of safety within local communities.

    Paul Gerrard, Co-op Director of Campaigns and Public Affairs, said:

    We welcome the government’s commitment to boost neighbourhood police officer numbers to help protect local communities from crime. As a community-based retailer, we all too often see the significant and damaging impact of retail crime and antisocial behaviour in society.

    We know – and have seen the results – that effective partnerships with local policing make a real difference, and I am cautiously optimistic that this latest development along with continued investment in preventative measures and the rising levels of police attendance can start to reverse retail crime levels, and help communities become stronger, more resilient and safer.

    This funding boost comes as the government publishes its final police funding settlement today. Total funding to police forces across the country will be up to £17.5 billion next year, an increase of up to £1.1 billion compared to the 2024 to 2025 police funding settlement. This includes additional funding to support the costs of the pay awards, the increase in the employer national contributions and funding for officer maintenance.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Quality, simplicity and transparency

    Source: Bank for International Settlements

    I would like to start by thanking the organisers for the invitation to speak at this important symposium.

    A resilient banking system and financial stability more broadly are largely driven by:

    • Bank risk management and governance practices;
    • The quantity and quality of capital and liquidity buffers;
    • The effectiveness of bank supervision; and
    • The effectiveness of market discipline.

    Given time constraints, my brief statement will focus on the role of global capital and liquidity standards. That is not to underplay the critical importance of the other factors. In this regard, the Basel Committee has an ongoing work programme focused on strengthening supervisory effectiveness.1 It also remains the case that the most important source of banks’ financial and operational strength comes from their own risk management and governance arrangement.2 And the Committee will continue to strengthen Pillar 3 disclosures and promote market discipline to help stakeholders adequately assess banks’ risk profiles.

    Minimum international standards

    According to the BIS International Banking Statistics, banks’ foreign claims and other exposures totalled USD 45 trillion at the end of the second quarter of 2024.3 Given the significant global nature of banking, there is a need to have a global minimum level-playing field.

    To promote such a global level playing field, the Basel Committee sets minimum standards for internationally active banks. Consistent with this approach, many jurisdictions choose to apply more stringent requirements than the minimum Basel standards. In addition, most jurisdictions apply some level of proportionality – that is simpler rules are applied to non-internationally active banks.4 

    Globally consistent minimum regulatory standards seek to limit regulatory fragmentation, regulatory arbitrage and a “race to the bottom” which dilutes the resilience of banks. While weaker standards can promote growth in the short-run, they typically lead to excessive risk taking, and the build-up of excessive leverage, which ultimately reverses and results in a sharp contraction in credit, bank failures, broader financial instability and large losses in economic output. In short – a race to the bottom is in no one’s long-term interest – in particular banks.5 

    Minimum standards for capital and liquidity regulation play a critical role in ensuring the soundness of individual banks and overall financial stability. Rigorous regulatory standards also help to promote economic growth by ensuring lending is sustainable and can be maintained when shocks hit the system, or when individual banks incur losses.6 

    Given the importance of globally consistent minimum standards, implementation of the Basel III regulatory framework remains the key priority for the Basel Committee. While there have been some delays in implementation, most of the outstanding Basel III standards are now in force in around 70% of BCBS member jurisdictions.7 

    Calibration of international standards

    It is important to note that international capital and liquidity standards are not calibrated to produce zero bank failures. Despite the significant strengthening of bank capital and liquidity ratios since the Great Financial Crisis, banks remain highly leveraged firms. Capital and liquidity buffers can absorb most, but certainly not all shocks that a bank may face. And history has shown that the frequency and severity of such shocks have been far greater than what would be expected based on banks’ internal models.8 All this points to the importance of bank risk management and governance, effective supervisory oversight, and implementation of Basel III which significantly reduces model risk.

    On the issue on calibration of regulatory standards it is important to also keep in mind that claims of negative effects of higher capital and liquidity regulation on bank lending and economic growth have not materialised. Rather, since the GFC we have seen that more highly capitalised banks are not only more resilient, they are also more profitable and lend more through the cycle.9 

    The “Swiss Finish”

    I would like to conclude by making a general point about the so-called “Swiss Finish”. Having lived in Switzerland for nearly twenty years, I have come to understand this as, among other things, an approach that favours quality over quantity.

    I think the same principle should apply to how we think about regulatory rules. If given a choice I would favour quality over quantity. In my view it is better to favour high quality capital over lower quality capital (even if that means lower reported capital ratios). Additionally, I have a general preference for simplicity over complexity, and being transparent.

    These three principles shape my personal views on the policy issues we will discuss during the panel. So whether we are thinking about the treatment of capital within a banking group, the role of Additional Tier 1 regulatory instruments or other policy issues, I am generally going to favour:

    • quality over quantity;
    • simplicity over complexity; and where possible
    • being transparent.

    Thank you. I will stop there and look forward to the discussion.

    References

    Basel Committee on Banking Supervision (2021): “Proportionality in bank regulation and supervision”, July.

    — (2022a): “Evaluation of the impact and efficacy of the Basel III reforms”, December.

    — (2022b): “Evaluation of the impact and efficacy of the Basel III reforms – Annex”, December.

    — (2023): “Report on the 2023 banking turmoil”, October.

    — (2024): “Basel Committee reports member jurisdictions making progress in implementing Basel III”, press release, 2 October.

    Bank for International Statistics (2025): “Locational banking statistics”,  see Table B4: here Consolidated banking statistics publication table: BIS,CBS_B4,1.0.

    Behn, M, R Hasselmann and V Vig (2022): “The limits of model-based regulation”, Journal of Finance, vol 77(3), June.

    Caparusso, J, U Lewrick and N Tarashev (2023): “Profitability, valuation and resilience of global banks – a tight link” Bank for International Settlements Working Paper No 1144.

    Thedéen, E (2024): “Charting the course: prudential regulation and supervision for smooth sailing”.


    1 BCBS (2023).

    MIL OSI Economics

  • MIL-OSI Video: HAWKS NATIONAL HEAD TO HOLD A MEDIA BRIEFING TO SHARE ACHIEVEMENTS FOR 2024/2025 FINANCIAL YEAR

    Source: Republic of South Africa (video statements-2)

    The National Head for the Directorate for Priority Crime Investigation, Lieutenant General (Dr/Adv.) Godfrey Lebeya and his management holds a media briefing to outline progress and take stock of milestones achieved during the third quarter of financial year 2024/2025

    https://www.youtube.com/watch?v=jT_aaxh7bsA

    MIL OSI Video

  • MIL-OSI Banking: Swiss Partners AG: BaFin warns against swissprimefx.com website and indicates possibility of identity theft

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns against offers on the website swissprimefx.com. According to the findings of the supervisory authority, Swiss Partners AG, Vaduz, Liechtenstein, offers financial and investment services there without permission.

    BaFin would like to point out that the two companies, swisspartners AG and swisspartners Versicherung AG, which are registered with both the Liechtenstein Financial Market Authority and BaFin, have no connection with Swiss Partners AG or the swissprimefx.com website. This constitutes identity theft.

    Anyone offering financial and investment services in Germany requires the permission of BaFin. However, some companies offer such services without the necessary permission. You can find information on whether a particular company is authorized by BaFin in the company database.

    The information provided by BaFin is based on Section 37 (4) of the German Banking Act (KWG), 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 Global Banks

  • MIL-OSI Banking: Pension sector almost regains loss from 2022

    Source: Danmarks Nationalbank

    Insurance and pension

    Statistics period: December 2024

    Danish insurance and pension companies achieved a return of kr. 344 billion in 2024. Overall, the nominal return has been kr. 675 billion over the past two years, which means that the loss in 2022 has almost been recovered. A loss that was mainly due to capital losses in the financial markets due to, among other things, inflation, and interest rate increases. The high return in 2024 is primarily driven by the gains on the US stock market, and more than half of the pension return in 2024 came from listed US stocks; in particular, shares in technology companies such as NVIDIA, Apple and Amazon contributed with significant gains. Investments in the US account for a quarter of total pension investments and thus have a significant impact on Danish pension returns. The positive returns benefit not only pension customers, but also government finances through increased tax revenues from the so-called pension return tax, PAL tax.



    The pension sector achieved a return of kr. 344 billion in 2024

    Note:

    Danish insurance and pension companies’ returns on investments 2018-2024. Life insurance companies and pension funds as well as ATP are included in the statistics. Find chart data in the Statbank.

    MIL OSI Global Banks